Market Leaders - Pressure Washer Market

 The global pressure washer market size is expected to grow from USD 2.5 billion in 2021 to USD 3.0 billion by 2026, at a CAGR of 4.2%. Increasing construction activities worldwide, rising number of car washing stations, and growing demand for pressure washers for commercial applications are the key factors driving the growth of the pressure washer market?

Key players operating in pressure washer market include major players operating in different stages in the entire value chain of pressure washer; these players are Alfred Kärcher SE & Co. KG (Germany), Briggs & Stratton (US), Generac Power Systems, Inc. (US), Nilfisk Group (Denmark) and Stanley Black & Dercker, Inc. (US). Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnerships and expansions, to increase their revenue.

Top 5 Players in Pressure Washer market:

Alfred Kärcher SE & Co. KG

Alfred Kärcher SE & Co. KG is one of the leading manufacturers of resource-conserving and efficient cleaning systems. It develops cleaning systems, which include/comprise cleaning machines, cleaning agents, and accessories. The company provides a wide range of products under two categories, namely, home & garden and professional Pressure washers are offered under the home & garden category, while the high-pressure cleaners are offered under the professional category. It offers a variety of other cleaning products under both categories. Alfred Kärcher SE & Co. KG offers pressure washers for applications such as bicycles; lawn care equipment and tools; outdoor furniture; house sidings and fences; motorcycles and all-terrain vehicles (ATVs); compact vehicles; steps and walkways; midsized and large cars, trucks, and sport utility vehicles (SUVs); stone walls and bricks; swimming pools and patios’ surface; facades and houses; agriculture tools; as well as in cleaning workshops, production plants, sports facilities, and service stations. The company offers high-performance and the best price/performance ratio in cleaning products, cleaning systems, and services offered for households, and trade and industry applications.

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Briggs & Stratton

Briggs & Stratton is a leading designer, manufacturer, and marketer of pressure washers, power generators; turf, lawn, and garden care products; and job site products. It is also a major producer of gasoline engines for outdoor equipment. The company operates in two business segments, namely, Engines and Products and offers products through various brands, such as Victa, Snapper, Allmand, Vanguard, Briggs & Stratton, Simplicity, Ferris, Billy Goat, Murray, Hurricane, and Branco. The Products segment includes turf care products, lawn and garden power equipment, pressure washers, portable and standby generators, jobsites products, and snow throwers. The company offers light-duty, medium-duty, and heavy-duty pressure washers. The Products segment sells its products via various retail distribution channels, including warehouse clubs, consumer home centers, independent distributors and dealers, mass merchants, and online merchants. This segment has leveraged regional sales offices and the existing Briggs & Stratton global distribution network to support its international business. The company also produces engine parts, equipment parts, and oil & additives. Equipment parts offered by the company include mower blades, pressure washer parts, string trimmer parts & accessories; spindles, pulleys & belts; wheels, tires & tubes.

Generac Power Systems, Inc.

Generac Power Systems, Inc. is a global leader in designing and manufacturing a broad range of power products. The company provides grid service solutions, energy storage systems, power generation equipment, and other power products serving the light commercial, residential, and industrial markets. It provides products under three business divisions: Commercial & Industrial Products, Residential Products, and Other Products & Services. Under Residential Products, the company offers standby generators, engine generators, portable generators, inverter generators, clean energy products, and outdoor power equipment. Pressure washers are offered under outdoor power equipment, which are also referred to as chore products. The company offers a variety of pressure washers fulfilling all needs, ranging from cleaning vehicles, patio furniture through concrete to exterior walls. These pressure washers are sold under the Residential Products business division. They are designed for power washing tasks such as window cleaning, gutter cleaning, roof cleaning, concrete cleaning, and cleaning a deck.

Stanley Black & Decker, Inc.

Stanley Black & Decker, Inc. is a global provider of power tools, hand tools and associated accessories, engineered fastening systems and products, services and equipment for commercial electronic security and monitoring systems, oil & gas and infrastructure applications, automatic doors, and healthcare solutions. In March 2010, Stanley Works merged with Black & Decker to form Stanley Black & Decker, Inc. The company operates through three business segments: Tools & Storage, Industrial, and Security. Through the Tools & Storage segment, the company offers hand tools, accessories, and storage (HTAS) equipment and power tools and equipment (PTE). Power tools and equipment include consumer and professional products. Consumer products include cordless and corded electric power tools; home products consist of paint tools, handheld vacuums, and cleaning appliances; and lawn and garden products are hedge trimmers, edgers, lawnmowers, string trimmers, and related accessories. Pressure washers are offered under cleaning appliances. The company provides gas and electric pressure washers to clean decks, sidings, cement, and pavement.

Nilfisk Group

Nilfisk Group is one of the leading producers of cleaning products. The company’s product line includes high pressure washers, vacuum cleaners, and floor care equipment, along with aftermarket services for professional applications. The company’s high-pressure washers are provided for both home and garden, and professional use. It also provides detergents for floor care, textiles, and surface cleaning applications. The company’s products find applications in agriculture, automotive, healthcare, hospitality, building and construction, education, food & beverages, manufacturing, pharma, retail, warehousing and logistics, and iron and metals industries. These products are used by different types of contract cleaners, as well as in various offices and public buildings.

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Market Leadership - Service Robotics Market

 

The service robotics market is projected to grow from USD 36.2 billion in 2021 and is projected to reach USD 103.3 billion by 2026; it is expected to grow at a CAGR of 23.3% from 2021 to 2026.

The growing adoption of robots for new applications providing high returns on investment coupled with rising use of IoT in robots for cost-effective predictive maintenance is the key factors driving the service robotics market. In addition to this, in the wake of the COVID-19 pandemic, there is an increasing need to reduce hospital-acquired infections to regularly, which has fueled the need for adoption of robots for the purpose of disinfection and sanitation.

Key strategies adopted by these players to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.

For instance, in May 2021, CYBERDYNE announced a capital and business alliance with Rehab for JAPAN Co. Ltd. The two companies have done work together to identify the needs of scientific nursing care and to accelerate the creation of the Cybernics Industry. In April 2021, iRobot (US) launched the iRobot H1 handheld vacuum, which rounds out a Roomba or Braava robot users cleaning routine by tackling difficult spaces such as couches and stairs. In July 2020, DeLaval (Sweden) acquired Milkrite InterPuls (UK). This acquisition is expected to help DeLaval in gaining expertise in the field of animal health and milking.

iRobot is the leading global consumer robots company. It has sold more than 25 million robots worldwide as of October 2019. The company operates through one operating segment: Consumer Robots. The key products offered include Roomba Vacuum, Braava Mops, Tera Mows, and Root. iRobot collaborates with companies such as Google and Amazon, which use and offer high-end technologies and have a good market reach by using joint technologies and new, innovative products in the market. The collaboration with Amazon helps the company to expand its product reach worldwide through Amazon’s e-commerce channel. iRobot has made many partnerships, acquisitions, and collaborations to accelerate its growth, which is an excellent strategic move. In January 2020, iRobot partnered with If This Then That (IFTTT)— a leading integration and discovery platform for web services— to enable new embedded smart home integrations. Through IFTTT, iRobot wants to integrate devices and services such as smart thermostats and lighting and home security directly within the iRobot HOME App. Apart from this, iRobot is considering shifting its focus on products for commercial and industrial sectors from the domestic sector. It has offices in Hong Kong, India, China, the US, and the UK. iRobot Holdings LLC (US), Puresight Systems Pvt Ltd. (India), and Guangzhou iRobot Technology Consulting Company Limited (China) are some of its subsidiaries. The company has a presence in the Americas, Europe, Middle East, and Asia Pacific, with offices in Pasadena, California, London, Shanghai, Guangzhou, Hong Kong, and Tokyo.

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Diafuku has expertise in providing AGVs for cleanroom applications, indicating a good hold of the company in this field. DAIFUKU is the world’s leading provider of automated handling systems, with annual sales of USD 4.2 billion in 2019. Moreover, financial figures confirm that with annual sales of more than USD 4.9 billion (GBP 2.9 billion), this is the third consecutive year that the Japanese headquartered business has topped the global automation leader board. The products offered by the company include automated storage and retrieval systems (ASRS), vehicle systems, conveyors & sorters, picking systems, rack systems, and warehouse management systems. Under the vehicle system, the company offers automated guided vehicles (AGVs), rail-guided systems, and sorting transfer vehicles (STVs). The company offers its solutions to various industries such as manufacturing, distribution, cleanroom, automotive, aviation, and the public sector. The company operates its business through subsidiaries: Daifuku Co. (Japan), Contec (Japan), Daifuku North America (US), Clean Factomation (Korea), and Daifuku Plusmore (Japan). In August 2019, Daifuku has acquired Scarabee Aviation Group B.V which enables the Daifuku Group to enter the airport security checkpoint and information management fields for the growth of the company.

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Cellular IoT Market Size, Share and Trends forecast to 2027

 

The cellular IoT market is projected to grow from USD 3.9 billion in 2021 to USD 15.4 billion by 2027; it is expected to grow at a CAGR of 25.7%from 2021 to 2027.

The key factors fueling the growth of the market include the increasing deployment of cellular IoT modules in smart city infrastructure and building automation verticals, and growing demand for cellular IoT in agricultural automation and environmental monitoring. Additionally, increasing application of cellular IoT modules in medical wearables, and Increasing applications for cellular IoT modules in vehicle telematics and fleet management is expected to create a growth opportunity for the cellular IoT market.

COVID-19 impact on the Cellular IoT Market

The outbreak of the COVID-19 pandemic has significantly impacted the cellular IoT market. Various regions are still affected, and governments have been responding to this pandemic in their ways. As the COVID-19 pandemic continues to persist in North America and developing countries of Asia, the manufacturing and government sectors are facing immense challenges.

The hardware segment is projected to account for the largest share of the cellular IoT market by 2027

Hardware components such cellular IoT modules and chipsets form the basis of the entire cellular IoT ecosystem. The increasing deployment of cellular IoT modules in wearables and connected healthcare devices as well as smartcity infrastructure, and building automation projects is expected to fuel the growth of the hardware segment during by 2027

APAC region is expected to grow at the highest CAGR from 2021 to 2027

China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC. Rapid deployment of smart city projects and increased demand for connected health wearable devices during the COVID-19 pandemic are driving the growth of the regional market.

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Key Market Players

The cellular IoT players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, and acquisitions to strengthen their offerings in the market. The major players in the cellular IoT market are Quectel (China), Thales Group (France), Fibocom Wireless (China), Telit Communications (UK), u-blox Holding (Switzerland), Sierra Wireless(US), Qualcomm (US), Mediatek (Taiwan), UNISOC Tec

.About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Service Robotics Market Size, Share and Trends forecast to 2026 | COVID-19 Impact Analysis | MarketsandMarkets

Service Robotics Market is projected to grow from USD 36.2 billion in 2021 to reach USD 103.3 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 23.3% from 2021 to 2026.

The growing adoption of robots for new applications providing high returns on investment coupled with increasing funding for research on robots is the key factors driving the service robotics market. In addition to this, in the wake of the COVID-19 pandemic, there is an increasing need to reduce hospital-acquired infections to regularly, which has fueled the need for adoption of robots for the purpose of disinfection and sanitation.

“Market for aerial robots expected to grow at highest CAGR during the forecast period”

The market for aerial drones is expected to grow at the highest CAGR during the forecast period. This is attributed to the increasing adoption of commercial drones for applications such as surveying farm fields and traffic monitoring, coupled with the higher selling prices of commercial drones compared with consumer drones. Reduction in cost of UAV manufacturing process and development of solar cells as a power source for drones can reduce the cost of propulsion systems and further contribute to the increase in their growth rate.

“Market for software component to grow at higher CAGR than that of the hardware component during the forecast period”

The component-wise growth rate, for the service robotics is estimated to be specifically higher for the software component as the deployment of service robots is likely to become more application-specific. For instance, an AGV programmed to be deployed for swarm operation in a factory floor could also be programmed for food delivery. Delivery drones would require real-time software for operations, taking into account environment variables such as weather. Most of the advancements in robotic vacuum cleaners have taken place in the software, with features including live floor mapping and remote activation through integration with voice assistants. . Hence, the market for software is expected to grow at a higher CAGR than that of hardware during 2021–2026.

“Market for personal & domestic robots to grow at higher CAGR than that of professional robots during the forecast period”

The market for personal and domestic robots is expected to grow at a higher CAGR during the forecast period. The penetration of domestic robots, such as robotic floor vacuums and mops, is increasing drastically. Cleaning robots are widely used in personal and professional capacities. The high growth rate can be attributed to the availability of robots on a rental basis. For instance, Pepper, a humanoid manufactured by SoftBank, is available on a subscription contract of USD 360 per month over 36 months, however, with discount the total cost of the robot is ~USD 14,000.

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“Service Robotics Market in APAC estimated to grow at the fastest rate during the forecast period”

The service robotics market in APAC is expected to grow at the highest rate during the forecast period. This is because of the presence of countries such as Japan, China, and Korea, which, according to IFR, in 2017, were the fourth-, fifth-, and sixth-largest manufacturers of service robots. Also, the rise in disposable income due to increasing industrialization in developing countries such as India and the Philippines is expected to increase the demand for service robots. The oil & gas industry in APAC has witnessed significant growth in the past 2–3 years, which is leading to a high demand for autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs). There is an increasing trend of automation and globalization in India, Australia, and China, which is further boosting the service robotics market in APAC.

Key Market Players

Major vendors in the service robotics market include iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), DeLaval (US), Daifuku (Japan), CYBERDYNE (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US). Apart from these, Exyn Technologies (US), XAG (China), AMP Robotics (US), UVD Robots (Denmark), Diligent(US), HARVEST CROO (US), Starship Technologies (US) are among a few emerging companies in the service robotics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Service Robotics Market worth $103.3 billion by 2026

 

According to a research report "Service Robotics Market with COVID-19 Impact Analysis, by Environment, Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education, Personal), and Geography - Global Forecast to 2026" published by MarketsandMarkets, the service robotics market is projected to grow from  USD 36.2 billion in 2021 and is projected to reach USD 103.3 billion by 2026; it is expected to grow at a CAGR of 23.3% from 2021 to 2026. The growing adoption of robots for new applications providing high returns on investment coupled with rising use of IoT in robots for cost-effective predictive maintenance is the key factors driving the service robotics market. In addition to this, in the wake of the COVID-19 pandemic, there is an increasing need to reduce hospital-acquired infections to regularly, which has fueled the need for adoption of robots for the purpose of disinfection and sanitation.

“Hardware component of service robots is expected to have a larger share of the market compared to software component in 2021”

The hardware component will dominate the service robotics market in 2021. This can be attributed to the innovative designs needed on the hardware side. Sensors and control units on both domestic and commercial type service robots remain expensive. Operating costs for drones are often high because the batteries have to be frequently replaced if the drones are flown on a frequent basis. Batteries often contribute to a major portion to the running costs of a drone, especially when used for commercial applications. Exoskeletons remain very expensive for personal use unless some coverage is provided by the insurance. Even pool cleaning robots remain expensive today for majority of urban households. Although hardware component will have the larger share of the market, it is expected to decrease over time due to economies of scale.

“Market for domestic application is projected to grow at a significant CAGR during the forecast period”

Over time, the application of domestic robots has expanded in areas such as pools and lawns. New use cases, such as robotic kitchens and robotic laundry, are now being explored. The domestic application includes sub-applications such as floor cleaning, lawn mowing, and pool cleaning. Although these robots were expensive when initially introduced to the market, they are becoming more affordable now due to increased adoption and economies of scale in manufacturing. Also, increasing ageing population and less willingness of the working population to perform household chores is driving the growth of the market for domestic applications. Countries such as China and Japan are expected to be the two major countries fuelling market growth for use of service robots in domestic application.

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“Ground service robots to dominate the market in 2021”

The ground service robots are expected to account for the largest market share in 2021. Ground robots are used for a wide range of applications such as surgeries, cleaning, and elderly care and communication through telepresence and assistance. Due to increase in nuclear families and world population, the demand for household robots for cleaning, education, elderly assistance, entertainment, and hobby purposes has increased. According to the World Economic Forum 2018, “The world needs to build 2 billion new homes over the next 80 years.” Also, the increase in the aging population worldwide has increased the demand for assistive robots, particularly in countries such as China and Japan, and affordable prices are driving the market for vacuuming robots.

“North America to hold the largest share of service robotics market throughout forecast period”

North America is expected to account for the largest share of the service robotics market during the forecast period. The factors driving the service robotics market in the US include the high per capita income, ongoing research programs, increasing aging population, and shortage of labor due to stringent immigration laws. According to the Organization for Economic Co-operation and Development (OECD), the US has the highest average household net adjusted disposable income per capita among its 40 member countries. Due to this, the demand for costly robots used for surgeries is also expected to surge. Also, the wages in the US are high and have been increasing over the years. According to the Federation of American Scientists, wages in the US increased from USD 38.44 to USD 52.88 (a 37.6% increase) over the 39 years between 1979 and 2018. Therefore, it is estimated that demand for service robots would increase significantly in the US, especially for domestic applications. Mexico is still a developing country, and many service robots have not penetrated Mexico due to their high cost. Mexico can offer a good opportunity for service robots owing to a strong agriculture industry and various free trade agreements signed by the country.

Key players in the service robotics market include iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), DeLaval (US), Daifuku (Japan), CYBERDYNE (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US). Apart from these, Exyn Technologies (US), XAG (China), AMP Robotics (US), UVD Robots (Denmark), Diligent (US), HARVEST CROO (US), Starship Technologies (US) are among a few emerging companies in the service robotics market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Pressure Washer Market with COVID-19 Impact - Global Forecast to 2026

 

The global pressure washer market size is expected to grow from USD 2.5 billion in 2021 to USD 3.0 billion by 2026, at a CAGR of 4.2%. The growth of the market is attributed to increasing construction activities worldwide, rising number of car washing stations, and growing demand for pressure washers for commercial applications. However, factors such as availability of alternative cleaning methods and high risk associated with the use of pressure washers are restraining the market growth. On the flip side, rising adoption of pressure washers for residential applications and development of AI based pressure washers are expected to create opportunities for the adoption of pressure washers in the coming years. Moreover, government regulations on disposal of wastewater and water pollution and supply chain disruptions caused by COVID-19 pandemic acts as a challenge for the pressure washer market

RESTRAINT: Availability of alternative cleaning methods

The blast of water from pressure washers is powerful and can be too much for some surfaces. Exterior surfaces such as loose wood or loose vinyl siding cannot take excess pressure and would fall off or deteriorate or can even crack by the pressure of water. Besides, pressure washers can also damage the paint and cause it to peel off if the surface is painted. Thus, end user prefers various alternative methods for the cleaning of numerous objects and surfaces. Two of the alternatives preferred by end users are sandblasting and foam cleaning techniques.

OPPORTUNITIES: Rising adoption of pressure washers for residential applications

Generally, consumers prefer traditional cleaning methods or different cleaning products in residential applications. However, traditional cleaning methods are time-consuming, require a lot of energy, and elbow grease. Pressure washers are gaining traction among residential users for washing a variety of surfaces. These washers are suitable for cleaning decks, house siding, gardens, driveways, and patio furniture. These washers are easy, efficient, and quick in removing mud, dirt, dust, grime, and loose paint.

CHALLENGES: Government regulations on disposal of wastewater and water pollution

Pressure washers are extensively utilized for the cleaning of various objects and surfaces. They help in removing dust, dirt, grime, oil, grease, and toxic chemicals from equipment, vehicles, machines, and surfaces. The removal of the contaminants from these objects through the water blast may run along with water into a storm drain. The water collected in the storm drain is not treated before entering into lakes and rivers, which results in water pollution. Hence, it is essential to develop a sanitary sewer for the disposal of wastewater and to avoid water pollution.

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“Commercial application to dominate the pressure washer market in 2020”

The pressure washer market for commercial application is dominant in 2020. The growing construction activities in APAC are responsible for the adoption of pressure washers at construction sites. Besides, the governments of various countries are heavily investing in the expansion and development of commercial infrastructures, which is also fuelling the growth of the segment.

“Portable pressure washer to hold the largest share of pressure washer market by 2026”

The market for the portable pressure washer held the largest share in 2020 and is estimated to remain the same during the forecast period. The growth of the segment is attributed to the portability of these washers that helps to meet the need for cleaning floors and objects. Portable pressure washers are compact and can be carried at the required destination for the cleaning of vehicles, equipment, tools, machines, and surfaces. These washers are convenient for storage as they do not require much space. They are highly adopted by commercial and residential applications.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.

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Isostatic Pressing Market worth $11.0 billion by 2026

 

The report "Isostatic Pressing Market with COVID-19 Impact Analysis by Offering (Systems, Services), Type (HIP, CIP), HIP Capacity, CIP Process Type, End-User Industry (Automotive, Aerospace & Defense, Medical, Manufacturing), and Geography - Global Forecast to 2026", size was valued at USD 7.3 billion in 2021 and is projected to reach USD 11.0 billion by 2026. It is expected to grow at a CAGR of 8.5% during the forecast period. Growing demand for materials with high intensity and low porosity in 3D printing, increasing focus on development of low-cost products and reducing manufacturing cycle time, and growing emphasis on combination of hot isostatic pressing (HIP) with other heat treatment processes are the key driving factors for the isostatic pressing market.

“Isostatic pressing services to account for the largest share during the forecast period.”

The scope of the isostatic pressing services market includes casting and molding services for critical applications (casting densification, HIP/CIP cladding, and HIP brazing) and other support services. HIP services are widely used in research & development, prototype development, repair/product rejuvenation, and production runs. Besides, technical support is provided to increase customer understanding regarding the benefits of the HIP, provide quality assurance, and help in the internal development of new products. With these services, the companies can help their customers to develop and test new products. Moreover, the growth of the services segment can be attributed to the growing need for high-density materials with long product lifecycles in various industries, such as aerospace & defense, automotive, and medical.

“Hot isostatic pressing to witness a higher CAGR during the forecast period.”

The HIP system is a combination of the conventional HIP cycles with other heat treatment processes; these systems increase productivity and enhance process efficiency, owing to which their application in the powder metallurgy processes is increasing across the globe. Additionally, HIP-based processes play a vital role in the development of complex parts, such as spheres, valves, pipes, and rods, according to the requirements of various industries. Moreover, Manufacturing companies are installing HIPs to improve their working efficiency. As a result the hot isostatic pressing to witness a higher growth rate during the forecast period.

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“Manufacturing end-user industry to account for the largest share during the forecast period.”

The isostatic pressing market for the manufacturing industry is expected to hold the largest market size during the forecast period, as it finds applications in different processes of the food & beverage, oil & gas, and steel industries. Besides, the technological advancements in the manufacturing industry are expected to propel the growth of the market for the manufacturing industry. The HIP systems are used to remove porosity and increase the strength of these machines, as well as to provide a smoother surface for improved sealing and finishing. Precision manufacturing and HIP together have the potential to completely change how industries operate, allowing to cut costs at the same time increasing efficiency and tolerance of the material and providing a reliable way of producing parts.

APAC to witness a higher CAGR during the forecast period.

The high growth of the isostatic pressing market in the APAC region can be attributed to continuous investments in infrastructure development in developing countries such as China and India are propelling the demand for high-density metal products. China presents a high potential for the digital transformation of the manufacturing industry. Rapid industrialization and urbanization and the growing adoption of IoT are the factors driving the growth of the APAC market. The launch of the Make in India initiative has supported the growth of the manufacturing and energy & power industries in India. As APAC is a preferred manufacturing hub, major automobile manufacturers such as Volkswagen (Germany), Toyota (Japan), Renault-Nissan (Netherlands), and Daimler (Germany), as well as local manufacturers such as Tata Motors (India) and Mahindra & Mahindra (India), have made high investments in automating their production sites, which is expected to propel the growth of the regional market.

A few of the key players in the isostatic pressing market are Kobe Steel (Japan), Bodycote (UK), Kennametal (US), Arconic (US), Nikkiso (Japan), American Isostatic Presses (US), Engineered Pressure Systems (US), Pressure Technology (US), Shanixi Golden Kaiyaun (China), Fluitron (US), Sandvik Powder AB (Sweden), Insmart Systems (India), Isostatic Pressing Services (US), Frey & Co. (Germany), DORST Technologies (Germany), Aubert & Duval (France), and Aegis Technology (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Cellular IoT Market worth $15.4 billion by 2027

 

According to the new market research report “Cellular IoT Market by Component (Hardware, Software, and Services), Technology (2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, and 5G), Application, Vertical and Geography(North America, Europe, APAC, South America & MEA) - Global Forecast to 2027” The cellular IoT market is projected to grow from USD 3.9 billion in 2021 to USD 15.4 billion by 2027; it is expected to grow at a CAGR of 25.7%from 2021 to 2027. 

The key factors fueling the growth of the market include the increasing deployment of cellular IoT modules in smart city infrastructure and building automation verticals, and growing demand for cellular IoT in agricultural automation and environmental monitoring. Additionally, increasing application of cellular IoT modules in medical wearables, and Increasing applications for cellular IoT modules in vehicle telematics and fleet management is expected to create a growth opportunity for the cellular IoT market.

The hardware segment is projected to account for the largest share of the cellular IoT market during the forecast period.

Hardware components such cellular IoT modules and chipsets form the basis of the entire cellular IoT ecosystem. The increasing deployment of cellular IoT modules in wearables and connected healthcare devices as well as smart city infrastructure, and building automation projects is expected to fuel the growth of the hardware segment during the forecast period

The market for wearable devices segment is expected to grow at the highest CAGR during the forecast period

Increasing demand for medical wearables during the COVID-19 pandemic is expected to fuel the growth of the wearable devices segment during the forecast period.

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APAC region is expected to grow at the highest CAGR during the forecast period.

China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC. Rapid deployment of smart city projects and increased demand for connected health wearable devices during the COVID-19 pandemic are driving the growth of the regional market.

The key players operating in the cellular IoT market include Quectel (China), Thales Group (France), Fibocom Wireless (China), Telit Communications (UK), and u-blox Holding (Switzerland)

.About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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USA: 1-888-600-6441

Pressure Washer Market worth $3.0 billion by 2026

 

According to the new research report "Pressure Washer Market with COVID-19 Impact, by Type (Portable, Non-portable), Application (Commercial, Residential/DIY, Industrial), Power Source, Water Operation, PSI Pressure, Distribution Channel, and Region - Global Forecast to 2026" published by MarketsandMarkets, the global pressure washer market size is expected to grow from USD 2.5 billion in 2021 to USD 3.0 billion by 2026, at a CAGR of 4.2%. The growth of this market is driven mainly by increasing construction activities worldwide, rising number of car washing stations, and growing demand for pressure washers for commercial applications.

Portable pressure washer type to grow at highest CAGR from 2021 to 2026

The adoption of potable pressure washer is increasing at a substantial rate attributed to the portability of these washers that helps to meet the need for cleaning floors and objects. Portable pressure washers are compact and can be carried at the required destination for the cleaning of vehicles, equipment, tools, machines, and surfaces. These washers are convenient for storage as they do not require much space. They are highly adopted by commercial and residential applications.

Residential/DIY application to hold the largest growth rate of the pressure washer market in 2020

The residential/DIY application is estimated to hold the largest CAGR during the forecast period. The COVID-19 pandemic outbreak has shut down professional cleaning services during the initial phase of 2020. This has shifted the consumer preferences from professional cleaning to the self-cleaning of vehicles, gardens, pools, and houses. Consumers are preferring electric and battery pressure washers, which generate pressure between 0 and 1500 PSI.

The pressure washer market in APAC is expected to grow at the highest CAGR from 2021 to 2026

APAC is expected to hold the largest growth rate of the global pressure washer market during the forecast period. There is a high demand for pressure washers in China due to rapid industrial growth and a rising population, which leads to an increase in residential activity. The country is one of the biggest exporters of pressure washer components. The agricultural industry is expected to be one of the key contributors to the growth of the pressure washer market in APAC during the forecast period. Increased adoption of pressure washers for cleaning farming equipment for better yield production and profitability is estimated to fuel the growth of the market in the region over the forecast period.

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Major companies operating in this pressure washer market include Alfred Kärcher SE & Co. KG (Germany), Briggs & Stratton (US), Generac Power Systems, Inc. (US), Nilfisk Group (Denmark) and Stanley Black & Dercker, Inc. (US)..

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441