Global Control Valves Market | Control Valves Industry | Control Valves Market Research Report: Ken Research

 Control valves refer to valves used in process industries to regulate process variables, such as flow, pressure, temperature, and fluid level in process industries including water management, chemicals, oil & gas, power generation, pharmaceuticals, automotive, mining, and food & beverages. These valves play a vital role in mounting efficiency, safety, and profitability of these process industries. Moreover, manufacturers of control valves are continually engaged in research & development (R&D) activities to design their products in accordance with the changing requirements in various industries.

According to study, “Global Control Valves Market: Market Segments: By Actuation Technology (Manual Control Valve, Pneumatic Control Valve, Hydraulic Control Valve, Electric Control Valve); By Type (Ball Valve, Butterfly Valve, Cryogenic Valve, Globe Valve);Application (Power Generation, Oil and Gas, Chemicals, Food and Beverages, Automotive, Pharmaceuticals, Wastewater Management);and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the global control valves market are Flowserve Corporation (US), Cameron (Schlumberger Company) (US), Christian Burkert (Germany), Emerson (US), IMI PLC (UK), Samson Controls (US), Kitz Corporation (Japan), Neles Corporation (Finland), Crane Co. (US), Neway Valve (China), Ham-Let (Israel), Apollo Valves (US), Spirax Sarco (UK), Trillium Flow Technologies (UK), Alfa Laval (Sweden), Curtiss-Wright Corporation (US), Velan, Inc. (Canada), Swagelok (US), Dwyer Instruments (US), AVK Holdings A/S (Denmark), and Avcon Control (India).

Based on material, control valves market is segmented as cast iron, alloy-based material, stainless steel, cryogenic and others. Based on component, market is segmented as valve body, actuators and others. Based on type, market is segmented as linear valves (diaphragm valves, globe valves and other valves) and rotary valves (butterfly valves, ball valves and plug valves). Based on size, market is segmented as upto 1”, >1”-6”, >6”-25”, >25”-50” and >50”. In addition, based on industry, market is segmented as food & beverages, energy & power, water & wastewater treatment, oil & gas, pharmaceuticals, chemicals, metal & mining, building & construction, paper & pulp and others.

The control valves market is driven by rise in demand for energy, followed by increase in focus on establishing new nuclear power plants & upscaling of existing ones, increase in demand for valves from healthcare & pharmaceuticals industries due to COVID-19 pandemic and rise in need for connected networks to maintain & monitor industrial equipment. However, unplanned downtime due to malfunctioning or failure of valves and lack of standardized certifications and government policies may impact the market. Moreover, rise in need for replacement of outdated valves and adoption of smart valves, increase in use of 3D printing technology in manufacturing valves and growth in focus of industry players on offering improved customer services are key opportunities for market.

Based on geography, the North-American region dominates the global control valves market owing to increase in R&D activities and rise in demand for safety applications in the region. The European and Asian-Pacific regions are estimated to witness higher growth rate due to growth in industrialization in emerging economies over the forecast period. It is expected that future of the global market will be optimistic on account of growth in adoption of smart valves & automation in industries during the forecast period. it is also expected that the global control valves market will be reached at US $18.2 billion by 2030 from US $8.2 billion in 2018 at a CAGR of 3.67% during the forecast period 2019-2030.

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Global Chocolate Confectionery Market | Chocolate Confectionery Industry | Chocolate Confectionery Market Research Report: Ken Research

 Chocolate confectionery refers to any solid or semi-solid food primarily composed of chocolate or cocoa with/without the addition of fruit or nuts. It includes specific food made by coating & embodying chocolate sugar confectionery, but does not include biscuits cooked, filled & flavored with chocolate or chocolate ice cream/baked chocolate flavored confectionery.

According to study, “Global Chocolate Confectionery Market: Market Segments: By Product(Boxed, Countlines, Molded Bars, Seasonal Chocolates, Straight-line and Others); By Type (Dark, White and Milk); By and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the global chocolate confectionery market are Mars, Incorporated and its affiliates, Mondelez International, Chocoladefabriken Lindt & Sprüngli AG Seestrasse, Nestle, The Hershey Company and Ferrero. The key manufacturers are focusing on rising demand of chocolate confectionery and with new & innovative sustainable chocolate. The manufacturers are also focusing on the attractive packaging by including seasonal flavors to the chocolate confectioneries.

Based on type, chocolate confectionery market is segmented as milk, dark and white. The dark chocolate segment dominates the global market owing to significant health benefits of these chocolates such as their antioxidant properties and ability to minimize the risk of heart disease. Based on product type, market is segmented as molded bars, boxed, seasonal chocolates, countlines, straight-line and others. The molded bars segment is anticipated to witness higher growth rate due to increase in sales of protein bars and vegan chocolate bars during the forecast period. In addition, based on category, market is segmented as seasonal, premium and every day. Seasonal chocolate segment is also anticipated to witness higher growth rate as a result of consumer's rising trend to buy chocolate at festivals such as New Year, Christmas, Easter and others during the forecast period.

The chocolate confectionery market is driven by rise in number of healthier innovative products, followed by favorable impact of advertising, increase in middle-class demographics, rise in disposable income and falling prices of cocoa bean. However, change in consumer tastes, highly competitive industry and stringent international trade regulations may impact the market. Moreover, growth in adoption of advanced technology such as 3D printing technology is a key opportunity for market. Furthermore, rise in demand for organic, vegan, functional, and gluten-free chocolate confectionaries is a major trend for market.

Based on geography, the North-American is a leading region in global chocolate confectionery market owing to increasingly involving chocolates in their daily routine. The Asian-pacific and European regions are estimated to exhibit substantial growth rate due to increase in per capita consumption among the consumers over the forecast period. It is expected that future of the global market will be optimistic on account of high advertisement strategy by manufacturers and increase in acceptance of prophylaxis care during the forecast period. It is also expected that the global chocolate confectionery market will be reached at US $172.82 billion by 2030 from US $122.18 billion in 2018 at a CAGR of 3.12% during the forecast period 2019-2030.

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Global Automotive NVH Materials Market Outlook: Ken Research

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NVH stands for Harshness with Noise Vibration. In numerous automotive components, such as engine covers, doors, panels, and seats, amongst others, decreased vibration and noise are of crucial consequence. Dissimilar materials are utilized to regulate a vehicle's NVH performance; some are utilized to regulate airborne noise, while others are optimized to control structure-borne noise and interior component-generated noise. Such materials are first transmuted and functional in the vehicle into goods. A vehicle's NVH function has been described as a foremost factor affecting the buyer's purchasing decision. Producers of automotive vehicles are actively encouraging vehicle performance in terms of speed and horsepower, but consumers are requiring more comfort for drivers and passengers. This has strengthened the considerable effort of car producers to systematically decreasing, contain, and potentially eradicate vibration and noise in the automotive surroundings.

According to the report analysis, ‘Global Automotive NVH materials Market: Market Segments: By Type (Rubber, Foam, Polyvinyl Chloride, Metal Sheet and Cork, Felt); By Application (Sound Absorption, Insulation and Vibration Damping);By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts’ states that the worldwide Automotive NVH Materials Market to surpass USD 22.52 billion by 2030 from USD 7.9 billion during 2018 at a CAGR of 7.41% throughout the review period, i.e., 2019-30. The growing market share is owing to high car sales and increasing requirement worldwide for lightweight vehicles. NVH is linked with noise, vibration which harshness which delivers a wide spectrum of sensations from hearing to feel. As it is measured to be the most crucial portion of product production, the requirement for automotive NVH materials is witnessing rampant growth. The prominent growth in the requirement for cars in underdeveloped economies is directly impacting the requirement for noise control products in automobiles owing to rapid urbanization, increasing disposable incomes, and evolving lifestyles. The prominent increase in the market for replacement auto-parts and soundproofing accouterments is expected to increase the requirement for products over the review period.

Moreover, the effective augment in the requirement for lightweight vehicles and the increasing requirement for automobiles worldwide are the aspects propelling the growth of the worldwide automotive NVH content industry. The market for noise regulator products in vehicles is enlarging with growing disposable income, shifting lifestyles, and speedy urbanization. People across the globe have been found to be more persuaded towards eco-friendly, lightweight, and comfortable cars. Furthermore, the swelling of vehicle production is strengthening the growth of the automotive NVH materials market around the globe. As a requirement for cars rises in developing markets, car manufacturers are aiming more on integrating protection and comfort into their vehicles. In this way, carmakers focus to generate product differentiation in order to maximize the entire sales of their product portfolio. Therefore, in the near years, it is anticipated that the market of automotive NVH materials will increase around the globe more effectively over the inflowing years.

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Global Automotive NVH Materials Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use

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Global Motor Soft Starter Market, Global Motor Soft Starter Industry, Market Revenue: Ken Research

The Motor soft starter has remarkable application in numerous end-use industries like oil & gas, mining and power generation trades. It supports in lessening the inflow current formed whereas motor start up and consequently boost the extending and proficiency of motor. Along with this, it knowingly assistances in governing motor acceleration which outcomes in safety of motor from much impairment while in complete procedure. It is an apparatus that is fixed with compressors, fans, pumps and other devices to competently regulate the flow of current to desired level of employers.

The study report of,’ Global Motor soft starter Market to reach USD 2.71 billion by 2027’ Numerous corporates are concentrating on biological progress policies including product inaugurations, product endorsements and others like copyrights and events. Inanimate development strategies actions perceived in the market were acquisitions, and partnership & collaborations. The market players from motor soft starter market are projected to money-spinning progress chances in the forthcoming with the mounting request for motor soft starter market. Foremost market player occupied in the market are ABB, Eaton, Siemens, Schneider Electric, RockWell Automation, Emerson Electric, Crompton Greaves, Danfoss, Larsen & Toubro and Motortronics. The motors have extensive series of request in oil & gas trades where soft starters installed in motors plays vital role to control the power of the motor at the start to defend the motorized against considerable arrival flows. Therefore, global upsurge in expenditure between oil and gas industries is pouring the development of market over the forecast ages. For illustration: as per International Energy Agency (IEA), the global oil & gas ambitious wealth expenditure in 2017 was USD 450 billion and augmented to USD 497 billion till 2019. In addition, increasing demand for heating, ventilation and air conditioning application is thrusting the growth of market over the approaching period. However, increasing asset in non-oil sector of the Middle East is producing a profitable shove to the evolution of market over the estimate ages. Yet, deterioration in investment in conventional power generation plants is fettering the development of market.

The regional investigation of global Motor soft starter market is measured for the crucial provinces like Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the important/substantial region around the ecosphere in regards of market share due to the rapid development in construction sector in the region. Also, Asia-Pacific is likewise projected to show upper most growth rate / CAGR over the forecast period 2020-2027. Aspects like increasing power generation capacity additions and electricity demand would generate rewarding growth prospects for the Motor soft starter market across Asia-Pacific region.

Furthermore, the Swelling espousal of motor soft starter in industrial pumps and the increasing demand of HVAC control system joined minimal space necessities and with cost use are the significant factors lashing the progress of the motor soft starter market. Rise in application of the motors across industries attached with diverse fixed speed applications are some of the factors that is estimated to offer growth chances to the motor soft starter market. Therefore, it is predictable that the market of Global Motor soft starter market will boost up during the forecast amount.

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Effective Expansion In Trends Of Global Power Distribution Unit Market Outlook: Ken Research

The power distribution unit or main distribution unit is a device broadly used for dispersal of electric power that is designed and fitted with multiple outputs to do so. It has a commendable role in data center to provide electricity to computers and networking instrument. It resolves the issues related to data centers concerning power protection and management solution, and more helps in rising potency, uptime, and growth of data centers.

According to the report analysis,’ Global Power Distribution Unit Market to reach USD 6.40 billion by 2027’ Several firms are directing on organic growth ways like product launches, product approvals and others like patents and events. Inorganic growth strategies activities witnessed within the market were acquisitions and partnership & collaborations.  Major market player enclosed during this report are Schneider Electric, Legrand, Eaton, Vertiv, Cisco Systems, ABB, Tripp Lite, Panduit, ATEN and Delta Electronics. The increasing progress of data centers together with effective expenditure by information technology industry on data centers across the globe is the factors lashing the development of market over the forecast ages. For illustration: as per Statista, the global number of data centers are 8.4 million in 2017 where information technology industry is predictable to devote over USD 208 billion till 2020 worldwide, thus there will be rise in the evolution of facts centers and adoption of power supply units in it across the world. However, strong development from enterprises shift in the direction of cloud application is the factor creating a worthwhile drive to the market development over the upcoming period. Though, complex wiring system with growing number of power distribution units is the factor limiting the market progress.

The regional analysis of global Power Distribution Unit market is considered for the key regions like Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region around the globe with regards to market share due to the quick growth in commercial sector and data centers in the region. Whereas, Asia-Pacific is also expected to exhibit highest rate of growth over the forecast period 2020-2027. Factors like rising concern over influence stability for uninterrupted business operations would create rewarding growth prospects for the Power Distribution Unit market around Asia-Pacific region.

In addition, the thorough sections and sub-section of the market are described underneath By Type into Metered, Switched, Monitored, Automatic Transfer Switch, Hot Swap, Dual Circuit and Basic. By Phase into Single phase and three phases. By Power rating into Up to 120 V, 120-240 V, 240-400 V and Above 400 V. By End-user into Telecom & It, BFSI, Healthcare, Energy, Manufacturing & Processing Industry, Government & Defense and Automotive.

The power distribution unit market is expected to raise in the forecast period due to the high claim for data centers because of rising data volume. Also, numerous rewards, such as real-time data monitoring, reduced power consumption and increased uptime in modern power distribution units, are further likely to improvement the market development. Hence, it is expected that the market of Global Power Distribution Unit Market will boost up throughout the forecast amount.

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Global High Voltage Power Distribution Units Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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Global Smart Teaching And Learning Market Outlook: Ken Research

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The Smart approaches to teaching and learning related to the transferable of teaching methods from conventional methods in the classroom to smart learning by integrating technology into the procedure. Moreover, it enables the learner independence so that they can indicate the learning environment on their own. Developing the standard of education and harnessing enhanced learning outcomes is the primary aim behind the changing aim of educational institutions towards smart teaching and learning. This style of learning aims on delivering the students with complete learning through the usage of digital technology to arrange them fully for the advanced world of today. By presenting a dissimilar direction from blind learning and also by generating a more diverse learning environment, smart learning is transmuting the classroom, and this form of learning aims at smart technology and smart devices. This learning relies not only on the hardware and software prevail but also on how these are demonstrated in the classes or online training in aggregation.

According to report analysis, ‘Smart Teaching and Learning Market: Market Segments: By Product (Hardware, Software, Services and Education Content); By User Type (Academics and Corporate); By Learning Mode (Blended, Adaptive, Virtual Instructor Led Training, Collaborative and Simulation-Based); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ states that worldwide Smart Teaching and Learning Market to surpass USD 95.58 billion by 2030 from USD 24.31 billion during 2018 at a CAGR of 22.8% throughout the forecast duration, i.e., 2019-30. Aspects such as augmented importance of smart education and learning technologies; increased requirement for such technologies underwrite to digital education for students, workers, and others; improved accessibility of handheld communication devices; increased requirement for collaborative learning drives the worldwide market growth. Furthermore, an augment in the number of virtual schools and the advent of the trend of bring-your-own-device (BYOD) are projected to existent significant opportunities for market growth during the near future. In addition, owing to the increasing requirement for learning analytics solutions, such as the reference management system, the learning content management system, the student management system, and the library management system, the assistances of smart teaching and learning resources are progressively recognized by academic and corporate users.

Amongst the corporate and academic classifications of the smart teaching and learning industry, where applications are utilized as an analysis and data tool, the requirement for learning analytics applications is progressively growing. This is seen as a foremost driving aspect for the market's growth. The Analytical applications allow users to strengthen the participation of all stakeholders in the learning procedure, combine processes, and attain the targeted educational aims in obtaining predictions about learning outcomes, rectification, and resources. In the substitution of outdated methods and the introduction of modern solutions, educational modernizations play a critical role. The smart teaching and learning market is fortified with several opportunities owing to the rising requirement for cloud-based analytics solutions. Several countries have taken ambitious steps to augment the adoption of intelligent education and learning systems, which are projected to deliver the industry with lucrative opportunities. Therefore, in the near years, it is anticipated that the market of smart teaching and learning will augment more efficiently over the upcoming years.

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Increase in Electricity Demand Expected to Drive Global Medium Switchgear Market: Ken Research

 Medium voltage switchgear market comprises of sales of medium voltage switchgear & related services that manufacture the medium voltage switchgear which are electrical switchgear rated between 2KV and 36KV. Medium voltage switchgear is a combination of electrical switches, fuses/circuit breakers used to function, secure and separate electrical equipment. It is used for providing protection to different electric motor control systems that installed in different end user segments.

According to study, “Medium Voltage Switchgear Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global medium switchgear market are General Electric, Eaton Corporation plc, Schneider Electric SE, ABB, Siemens AG, Larsen & Toubro, Ltd., CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation, Alstom SA, Hitachi, Ltd., Hawker Siddeley Switchgear Ltd., Elektrobudowa SA GROUP, Hyosung Corporation, Efacec Power Solutions S.G.P.S. S.A., and Toshiba Corporation. Technological collaborations, application focused Research & Development (R&D), and product assortments have been the key strategic inferences as followed by the leading industry players.

Based on component type, medium switchgear market is segmented as circuit breakers, switches & disconnector, contactors, fuses and others. Based on insulation, market is segmented as gas insulated switchgear, air insulated switchgear, oil insulated switchgear, vacuum insulated switchgear and others. Based on installation, market is segmented as outdoor and indoor. Based on enclosure, market is segmented as metal and non metal. Based on voltage, market is segmented as 3 kV to 9 kV, > 9 kV to 15 kV, > 15 kV to 21 kV, > 21 kV to 27 kV, > 27 kV to 33 kV, > 33 kV. The demand for 3kV to 5 kV switchgears is likely to increase at an exponential rate owing to rise in usage in electrification in residential, commercial, and other real estate projects during the forecast period. Based on end-use, market is segmented as power stations, local electricity supply, transformer substations and others. In addition, based on application, market is segmented as residential, commercial (hospitality, offices, healthcare, retail and education) industrial (power, railways, arc furnace, oil & gas and manufacturing & processing industries), utility and others.

The medium switchgear market is driven by rise in peak load demand, followed by increase in electricity demand, expansion of micro-grid networks, integration of a sustainable energy infrastructure and increase in grid stability & security of supply concerns. However, high dependency on imports and slow paced technological evolution across developing regions may impact the market.

Based on geography, the Asian-Pacific region dominates the global medium switchgear market owing to increase in initiation of smart grid initiatives by several governments in the region. The European and North-American regions are estimated to witness higher growth rate due to rise in demand for electrification over the forecast period. It is anticipated that future of the global market will be bright as a result of huge investment for upgrading power transmission and distribution systems during the forecast period. The global medium voltage switchgear market was valued at US $20.58 billion in 2019 and it is predictable to grow at a compound annual growth rate (CAGR) of 10.89% and reach US $31.12 billion by 2023.

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Global Medium Voltage Switchgears Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Global Medium Voltage Switchgears Market Analysis 2013-2018 and Forecast 2019-2024

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Intensifying Insights Of Global Motor Control Centers Market Outlook: Ken Research

 The Motor control centers MCC controls many motors that are attached to the power bus. The essential purpose of MCC is to regulate the distribution of power to electrical motors. MCC panels contain variable frequency drives, program controllers, and metering devices.  A motor control center can additionally embrace push buttons, indicator lights, variable-frequency drivers, programmable logic controllers and metering equipment. It’s going to be combined with the electrical service entrance for the building.

According to the analysis, ‘Global Motor Control Centers Market to reach USD 7.77 billion by 2027.’ There are heaps of corporations that are operating for the improvement of the market which has Technical Control Systems, Mitsubishi Electric, Siemens, ABB, Larsen & Toubro, Rockwell Automation, Schneider Electric, Rittal, Fuji Electric, Tesco Controls. The global outbreak of COVID-19 adversely affected the market of motor control centers owing to the subsequent slowdown in offer of essential raw materials and devices utilized in motor control centers. The essential role of motor control centers in supervisory and distribution of power beside with rising power generation across the world is that the factors driving the expansion of market over the forecast years. For example: as per the Indian Brand Equity foundation, India accounts for the sixth place in investment on clean energy at USD 90 billion, and share in renewable plants in India is predictable to USD 250 billion till 2023-2030. In the same way, as per International Energy Association, electric power sector accounted for around 96% of total U.S. utility-scale electricity generation, and energy production in 2019 was 102.11 quadrillion British thermal units and predictable to rise to 114.35 quadrillion British thermal units till 2030. Moreover, increasing demand for smart and integrated motor control and protective devices is making a profitable chance for the market expansion. However, reducing crude oil prices prominent to the decrease in investment of oil & gas industry is the factor obstructing the market expansion.

The regional investigation of Global Motor Control Centers market is deliberated for the key regions like Asia Pacific, North America, Europe, Latin America, and remainder of the globe. North America is the leading country over the world in terms of market share due to the presence of stringent government rule within the region. Whereas, Asia-Pacific is in addition expected to exhibit highest growth rate over the forecast period 2020-2027. Factors like rising power generation and investment in power generation would make profitable expansion prospects for the Motor Control Centers market over Asia-Pacific region.

The motor control centers market is driven by the rising adoption of intelligent motor control centers that supply diagnostic capabilities, loss detection, and predictive maintenance options. The cement & business industries believe heavily on low voltage electrical motors. The motor control centers integrated with progression control and smart motor devices can provide well performance in energy-intensive applications.

In addition, in the pharmaceutical trade, the entire plant system communicates during an Ethernet network integrated with motor control centers to control pumps and agitators utilized in the trade process. In the chemical & petrochemical industry, electric motors are utilized to drive compressors, pumps, fans, agitators, extruders, packing machines, and conveyor belts. Companies/industries like chemical, plastics & rubber, industrial gases, or fine chemicals involve continuous industrialised process operations, where motor control centers offer an efficient solution for controlling electric motors during the complete chemical production facility from a centralized location. Hence, the introduction of automation in various industries is likely to drive the demand for motor control centers within upcoming years.

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Global Motor Control Centers Market

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Low Voltage Motor Control Centers Market (By Type- Intelligent low voltage motor control center and Conventional low voltage motor control center. By Application- Oil & Gas, Petrochemicals, Paper & Pulp, Food & Beverages, Water treatment & Wastewater and Others.)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025

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Growth in Renewable Energy Sector Expected to Drive Global High Power Transformers Market: Ken Research

 High power transformers market comprises of sales of high power transformers & related services for electrical insulation, control, power distribution, and instrumentation. High power transformers manufacture power transformers with the ratings of 801 MVA-1200 MVA and convert the voltages, generally from higher to lower, from one stage or phase configuration to the another stage.

Referring to study, “High Power Transformers Global Market Report 2020-30: Covid 19 Impact and Recovery” some of the key companies that are currently working in the global high power transformers market are  Siemens AG, Eaton, General Electric, Alstom, Crompton Greaves Limited, Schneider Electric, Hyundai Heavy Industries, TBEA, Hyosung Power & Industrial Systems, Performance Group, Mitsubishi Electric Corporation, Jinpan International, Hitachi, Hammond Power Solutions, SPX Transformer Solutions, SGB-SMIT, Jefferson Electric, KOTSONS, Layer Electronics, CG Power Systems, Toshiba, LS Industrial Systems, ALTRAFO, DuPont, Kirloskar Electric, Mace, ELANTAS, Fuji Electric and Eremu.

Based on core, high power transformers market is segmented as shell, closed and berry. Based on cooling, market is segmented as oil immersed (water cooled, self-cooled and forces oil) and dry type (air blast and self-air). Based on winding, market is segmented as auto-transformer and two winding. Based on installation type, market is segmented as indoor type and outdoor type. Based on phase type, market is segmented as single phase and three phase. Based on insulation type, market is segregated as oil, gas, air and solid and others. Based on power, market is segregated as 800 to 1000 MVA and 1000-1200 MVA. In addition, based on application, market is segregated as utility, residential & commercial (hospitals, hotels and societies), industrial (power, railways, cement and oil & gas) and others.

The high power transformers market is driven by increase in demand & initiatives for smart grid development, followed by modernization of existing power grids, rise in demand in high-growth markets and growth in renewable energy sector. However, standardization of products and reluctance to replace aging infrastructure may impact the market. Moreover, increase in investments in Transmission & Distribution (T&D) infrastructure, deployment of green transformers and expanding cross-border electricity trade are key opportunities for market.

Based on geography, the Asian-Pacific is a leading region in global high power transformers market owing to increase in investments by foreign firms in infrastructural expansion coupled with extensive power plant capacity in Japan, China, and India. The European and North-American regions are anticipated to witness higher growth rate due to presence of leading market players, steady penetration of energy sources, growth in infrastructure development and improved focus for upgrading the aging power infrastructure over the forecast period. It is likely that future of the global market will be bright as a result of growth in innovations in asset health monitoring investments for ensuring the system reliability & security and strict framework on grid modernization during the forecast period. The global high power transformers market was valued at US $31.75 billion in 2019 and it is predictable to grow at a compound annual growth rate (CAGR) of 7.39% and reach US $42.22 billion by 2023.

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Growth in Production of Passenger Vehicles Expected to Drive Global Motor Vehicle Body Market: Ken Research

 Motor vehicle parts market comprises of sales of motor vehicle parts & related services by entities (sole traders, organizations, and partnerships) that produce motor vehicle electrical & electronic equipment, motor vehicle gasoline engines & engine parts, motor vehicle steering & suspension components (except springs), motor vehicle transmission & power train parts, motor vehicle metal stampings, motor vehicle brake systems, motor vehicle seating & interior trim, and other motor vehicle parts and accessories. The market includes sale of rebuilt motor vehicle parts. This market also includes sales of both new and used vehicles.

According to study, “Motor Vehicle Body Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global motor vehicle body market are Blue Bird Global Corporation, Gillig, Mickey Truck Bodies, Motor Coach Industries International, Utilimaster Corporation, McNeilus Companies, Truck Bodies & Equipment International, Morgan Truck Body, Morgan Olson, Reading Truck Body, Auto Truck Group, VT Hackney, Miller Industries, Cottrell, J. B. Poindexter & Co., New Flyer of America, Gvw Group, Truck Accessories Group, The Heil Co, A.R.E. Accessories, Supreme Corporation, McNeilus Truck and Manufacturing, Metalsa-Roanoke, Ic Bus, Volvo Trucks North America, The Larson Group, The Reading Group, Utilimaster Holdings, Horton Vans, Volvo Group North America, Bae Systems Resolution.

Based on type, motor vehicle body market is segmented as motor vehicle engine, motor vehicle body, power train & parts, stamped metal & other parts, steering suspension & interiors and motor vehicle electrical & electronics equipment. Based on application, market is segmented as commercial vehicle and passenger vehicle. In addition, baed on end-use, market is segmented as aftermarket and OEM.

The motor vehicle body market is driven by increase in production of passenger cars, buses, light commercial vehicles, and heavy trucks. However, fluctuating prices of metals such as iron, steel, and aluminum may impact the market.

Outbreak of Coronavirus disease (COVID-19) acted as an immense restraint on the motor vehicle parts manufacturing market in 2020 as supply chains were disrupted owing to trade restrictions & consumption declined because of lockdowns imposed by governments globally. COVID 19 virus is an infectious disease with flu-like symptoms including cough, fever, and difficulty in breathing. The outbreak is estimated to continue to have a negative impact on businesses during 2020 and into 2021. However, it is also estimated that the motor vehicle parts market will recover from the shock across the forecast period because it is a 'black swan' event and not related to ongoing and fundamental weaknesses in the market or global economy.

Based on geography, the Asian-Pacific region holds major share in global motor vehicle body market growth in production of motor vehicles in the region. The North-American and European regions are expected to witness higher growth rate due to rise in investment by government over the forecast period. The global motor vehicle body market was valued at US $398.58 billion in 2019 and it is likely to grow at a compound annual growth rate (CAGR) of 10.76% and reach US $599.87 billion by 2023.

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Global Motor Vehicle Body Market

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Motor Vehicle Body, Metal Stamping & Other Parts Market Global Market Forecast To 2022

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