Machinery Industry Overview

Geothermal Heat Pump Market Definition

A lawn mower refers to a hand-propelled or power-driven machine having one or more revolving blades (or a reel). It is used to cut lawn grass surfaces to an even height. The main types of lawn mower are riding lawn mowers, walk-behind lawn mowers, and robotic or autonomous lawn mowers. Riding lawn mowers refers to lawn mowers equipped with a seat, steering wheel, and various controls on which the operator can seat, and blades whirl in the cutting deck below. Riding lawn mowers are used to mow small to medium-sized gardens and sports grounds up to 2~3 acres. The various lawn sizes include small, medium, and large with propulsion types such as electric lawn mowers, and internal combustion engine (ICE) lawn mowers. These are distributed through online distribution channel, and retail distribution channel, and used by residential, and commercial. The lawn mower market research report is one of a series of new reports from The Business Research Company that provides lawn mower market statistics, including lawn mower industry global market size, regional shares, competitors with a lawn mower market share, detailed lawn mower market segments, market trends and opportunities, and any further data you may need to thrive in the lawn mower industry. This lawn mower market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global lawn mower market size is expected to grow from $23.87 billion in 2022 to $25.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The lawn mower market size is expected to grow to $33.92 billion in 2027 at a CAGR of 7.2%. The rise in consumer interest in gardening activities will drive the growth of the lawn mower market going forward. Gardening refers to the practice of growing and cultivating plants in the devoted plot of ground as part of horticulture which includes flowers, herbs, or vegetables. In gardening activities, lawn mowers are commonly used for chopping, trimming, or mowing grass patches from lawns and gardens to ensure that the grass is well-groomed and grown at the appropriate height. The demand for lawn mowers will increase in response to the rise in consumer interest in gardening activities. For instance, according to a study on gardening statistics in the United States (2021) conducted by the National Gardening Association, a US-based plant-based educator, the COVID pandemic added 18.3 million new gardeners with a 65% increase in millennial gardeners and a 44% increase in Generation Z gardeners. It is also found that during the COVID pandemic, 2 of 3 gardeners tried a new gardening activity. In addition, in May 2022, according to the Gardening Statistics by Garden Pals, a US-based community of plant parents, and nature lovers, approximately $48 billion are spent on lawn and gardening equipment each year by American adults. Therefore, the rise in consumer interest in gardening activities is expected to propel the growth of the lawn mower market in the coming years. Technological advancement is a key trend gaining popularity in the lawn mower market. Major companies operating in the market are focused on research and development to introduce technologically advanced products such as lawnmowers with navigation solutions for outdoor mowing and gain a competitive edge in the market. For instance, in May 2022, The Toro Company, a US-based company operating in designing and manufacturing lawn mowers, snow blowers, and irrigation systems for commercial and residential uses, introduced an autonomous mower with in-built GeoLink Solutions technology for detection capability using a map to ensure avoidance of obstacles while mowing. The autonomous mower can operate in conditions with poor visibility on perfectly straight lines. Additionally, it achieves more efficiency by utilizing the entire width of the mower and reducing the overlap. It provides automated care for the lawn by cutting the smallest amount of grass every day with owner-selected height. In January 2022, The Toro Company, a US-based company providing lawn mowers acquired Intimidator Group for $400 million. Through this acquisition, The Toro Company aims to strengthen its product portfolio in the zero-turn mower in agricultural machinery and further leverage technology, design, and manufacturing efficiencies in lawn mowers to gain a competitive advantage in the market. Intimidator Group is a US-based company offering lawn mowers. Major players in the lawn mower market are Honda Motor Co Ltd., Ariens Company, Briggs & Stratton Corporation, Deere & Company, The Husqvarna Group, MTD Products, Robert Bosch GmbH, Robomow USA, The Toro Company, Andreas Stihl AG & Co KG, Stiga Group, Hitachi Koki Co Ltd., Kubota Corporation, Textron Specialized Vehicles, Craftsman, The Yamabiko Corporation, Greenworks Tools, American Lawn Mower Co., iRobot Corporation, Zucchetti Centro Sistemi, Stanley Black & Decker Inc., Fiskars Group, Falcon Garden Tools, Bad Boy Mowers, Lastec Mowers, AL-KO Gardentech, Mamibot Manufacturing, Cub Cadet, Emak, and WORX. North America was the largest region in the lawn mower market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lawn mower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the lawn mower market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The lawn mower market consists of sales of rotary push-behind mowers, pull mowers, zero-turn mowers, lawn tractors, garden tractors, hover mowers, and reel or cylinder mowers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global lawn mower market is segmented - 1) By Type: Riding Lawn Mowers, Walk-Behind Lawn Mowers, Robotic Or Autonomous Lawn Mowers 2) By Lawn Size: Small, Medium, Large 3) By Propulsion Type: Electric Lawn Mowers, Internal Combustion Engine (ICE) Lawn Mowers 4) By Distribution Channel: Online Distribution Channel, Retail Distribution Channel 5) By End-User: Residential, Commercial

Large cooling fans refer to fans that regularize the airflow to various structures or parts of an equipment or building. Cooling fans work by sucking the cold air at the bottom vent, and thereby realizing hot air from the top vent as the heat rises upward. The main product types of large cooling fans are axial, centrifugal, and others. An axial fan is a fan that forces the extracted air to move parallel to the shaft around which the blades revolve. The axial fan is used in a wide variety of devices and systems to move hot and cold air. As a result of their shallow installation depth, low noise level, and excellent efficiency, they are particularly suitable for conveying air through heat exchangers. The following differences between an axial fan and a centrifugal fan, with the same flow and pressure, are a smaller impeller diameter, a higher dynamic pressure, an operating speed (and therefore a specific speed since Q and P are equal), and high peripheral speed. The large cooling fans are used in applications such as agriculture, mining, marine, consumer electronics, automotive, and others. The large cooling fan market research report is one of a series of new reports from The Business Research Company that provides large cooling fan market statistics, including large cooling fan industry global market size, regional shares, competitors with a large cooling fan market share, detailed large cooling fan market segments, market trends and opportunities, and any further data you may need to thrive in the large cooling fan industry. This large cooling fan market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global large cooling fan market size is expected to grow from $6.47 billion in 2022 to $7.11 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The large cooling fan market size is expected to grow to $10.59 billion in 2027 at a CAGR of 10.5%. Infrastructural development is expected to drive the large cooling fan market. Infrastructural development refers to the construction of basic foundational structures that stimulate economic growth and improve quality of life. At construction sites, warehouses, and assembly operations, large cooling fans such as axial fans move large volumes of air for spot cooling or general cooling, thus the infrastructural developments will result in a rise in demand for large cooling fans. For instance, in June 2022, G7 Summit Leaders, an informal grouping of seven advanced economies (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States), launched a partnership for Global Infrastructure and Investment, which is aimed at supporting the development of sustainable, quality infrastructure in developing countries bolster the global economy, supply chains, and advance US national security by mobilizing $600 billion in public and private funding through collaborations among G7 countries. Similarly, from 2019 to 2023, the Indian government plans to spend $1.4 trillion on infrastructure development in the country. Thus, infrastructural development will drive the growth of the large cooling fan market in the forecast period. Innovation is a key trend gaining popularity in the large cooling fan market. Major companies operating in the market are developing innovative products by adopting new technology, such as artificial technology enabling auto-operation. Such as product innovations enable companies to gain a competitive edge in the market. For instance, in June 2020, Samsung Electronics HK Co Ltd., a Hong Kong-based technology company that provides a wide range of home electronics to cutting-edge technology, launched an AI Wind-Free wall-mount air conditioner. The Wind-Free Premium Plus wall-mounted air conditioners feature upgraded Wind-Free Cooling technology that distributes the cold air through 23, 000 micro-air holes on the front panel gently, avoiding direct contact with the cool breeze. It incorporates AI to offer an auto-adjust feature while providing an advanced digital home experience to users. In December 2021, SPX Corporation, a US-based company supplying engineered products and technologies, acquired Cincinnati Fan & Ventilator Co Inc for $145 million. Through this acquisition, SPX Corporation added a high-performance, engineered air quality portfolio of Cincinnati fans. This portfolio will be utilized to enhance footprint and distribution and to create additional growth value. Cincinnati Fan & Ventilator Co Inc is a US-based company that provides engineered air quality solutions, including centrifugal fans and blowers, axial flow fans, and critical exhaust systems. Major players in the large cooling fan market are ebm-papst Group, Ziehl-Abegg SE, Horton Holding, Multi-Wing America Inc., Delta Electronics Inc., Rosenberg Ventilatoren GmbH, Ventech Systems, Teral-Aerotech Fans Pvt. Ltd., Airtech Blower Industries, Howden Group, Smd Engineering Equipments & Systems, Kilburn Engineering Ltd., Revcor Airflow Solutions, Halifax Fan Ltd., and CUI Devices. Asia-Pacific was the largest region in the large cooling fan market in 2022. The regions covered in the large cooling fan market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the large cooling fan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The large cooling fan market consists of sales of large cooling fans including blowers and cross-flow fans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global large cooling fan market is segmented - 1) By Type: Axial, Centrifugal, Other Types 2) By Application: Agriculture, Mining, Marine, Consumer Electronics, Automotive, Other Applications

Virus filtration is a method by which the physical removal of potential viruses is achieved from the manufacturing process streams. Virus filters provide a key line of defense against the introduction of adventitious viruses into this important class of medicines. Virus filters are distinct from other filter types in that filter manufacturers have evaluated and optimized the robustness and efficiency of their virus removal performance and have developed integrity tests correlated to virus removal. The main types of virus filtration are kits and reagents, services, filtration systems, and others. The kit is a sterile tubing system that enables the transfer of radioactive proteins between a labeling (reaction) vessel and a purification column using peristaltic pumps. A reagent is a substance or compound that can facilitate a reaction, and they are widely used tests. Reagents are used in test kits for virus filtration. The virus filtration is used by pharmaceutical and biotechnology companies, contract research organizations, academic research institutes, and medical device companies in applications such as medical devices, water purification, air purification, biologicals, vaccines and therapeutics, blood and blood products, cellular and gene therapy products, and others. The virus filtration market research report is one of a series of new reports from The Business Research Company that provides virus filtration market statistics, including virus filtration industry global market size, regional shares, competitors with a virus filtration market share, detailed virus filtration market segments, market trends and opportunities, and any further data you may need to thrive in the virus filtration industry. This virus filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global virus filtration market size is expected to grow from $4.38 billion in 2022 to $4.89 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virus filtration market size is expected to grow to $7.56 billion in 2027 at a CAGR of 11.5%. The increasing number of chronic diseases is a major driver propelling the growth of the virus filtration market. Chronic diseases refer to conditions that last 1 year or more and need ongoing medical attention or limit activities of daily living. Virus filtration aids in preventing infectious and chronic diseases by removing viruses effectively, supporting the growth of the market. For instance, according to the key facts published in September 2022 by the World Health Organization (WHO), a UN agency responsible for international public health, noncommunicable diseases (NCDs) result in the death of 41 million people each year, which is similar to 74% of all deaths worldwide and cardiovascular diseases result in most NCD deaths with 17.9 million people every year. Therefore, the rising frequency of cardiovascular illnesses will continue to drive the growth of the virus filtration market. Technological advancement is a key trend in the virus filtration market. Major companies operating in the virus filtration market are focused on developing new technological solutions to strengthen their position in the market. For example, in January 2022, Integrated Viral Protection (IVP), a US-based technology startup launched an advanced airborne virus filtration unit at CES 2022, a tech event in Las Vegas, the USA. The advanced unit kills airborne viruses in a single pass covering sub-micron variants causing COVID-19, anthrax spores, and allergens. It incorporates IVP’s patented ‘catch and kill virus’ technology to kill airborne viruses. The rise in R&D (research and development) expenditure across the world is expected to drive the market in the forecast period. Many governments across the world are increasing their R&D budget to strengthen the country as an advanced science nation. These R&D budgets will result in the innovations of advanced systems in healthcare, driving the growth of the virus filtration market. For instance, in March 2022, the UK government announced the largest-ever R&D budget of £39.8 billion ($47.8 billion) to move the nation towards a science superpower. The budget was allocated across the Department for Business, Energy, and Industrial Strategy’s partner organizations with the budget set to rise by 33% annually by 2024-2025. Thus, the rise in R&D expenditure across the globe will drive market growth in the forecast period. Major players in the virus filtration market are Merck & Company Inc., GE Healthcare, Thermo Fisher Scientific Inc., Lonza Group Ltd., Pall Corporation, Charles River Laboratories International Inc., Sartorius AG, Asahi Kasei Medical Co Ltd., WuXi AppTec, Danaher Corporation, Sigma-Aldrich Corporation, Clean Cell Inc., Pendotech, and Purafil Inc. North America was the largest region in the virus filtration market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virus filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the virus filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The virus filtration market consists of revenues earned by entities by providing virus filtering services to effectively remove viruses in various processes. The market value includes the value of related goods sold by the service provider or included within the service offering. The virus filtration market also includes sales of filters and systems used to remove viruses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global virus filtration market is segmented - 1) By Type: Kits And Reagents, Services, Filtration Systems, Other Types 2) By End-User: Pharmaceutical And Biotechnology Companies, Contract Research Organizations, Academic Research Institutes, Medical Device Companies 3) By Application: Medical Devices, Water Purification, Air Purification, Biologicals, Vaccines And Therapeutics, Blood And Blood Products, Cellular And Gene Therapy Products, Other Applications

Pressure vessel is a container designed to hold gases or liquids at a pressure substantially different from the ambient pressure. These are used for storing liquid or gases such as petroleum products, chemicals, or even air or water at high pressure. The main types of pressure vessels include boiler, reactor, separator and other types. Boilers are used to heat the liquids and other materials. Boilers or tanks designed to operate at pressures significantly higher than ambient pressure, typically defined as greater than 15 psig are considered pressure vessels. The pressure vessels heat sources include fired and un-fired, with applications such as storage vessels and processing vessels. The pressure vessels material type include steel alloys, composites and other material types, used by end-user channels including power, oil and gas, food and beverages, pharmaceuticals, chemicals and other end-user channels. The pressure vessel market research report is one of a series of new reports from The Business Research Company that provides pressure vessel market statistics, including pressure vessel industry global market size, regional shares, competitors with a pressure vessel market share, detailed pressure vessel market segments, market trends and opportunities, and any further data you may need to thrive in the pressure vessel industry. This pressure vessel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global pressure vessel market size is expected to grow from $36.37 billion in 2022 to $38.31 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pressure vessel market size is expected to grow to $46.37 billion in 2027 at a CAGR of 4.9%. The rising global thermal energy demand leading to the growing adoption of pressure vessels is the major driver for the growth of the market. Thermal energy is the term used to describe the energy present in a system that determines its temperature. Nuclear energy is used to generate thermal power and there are different pressure vessels used in the production process where vessels provide one of several barriers that keep radioactive material out of the environment. For example, according to projections from the International Atomic Energy Agency (IAEA), an Austria-based intergovernmental organization, world nuclear generating capacity is expected to more than double to 873 gigawatts net electrical (GW(e)) by 2050, compared with current levels of around 390 GW(e) in 2021. Thus, the rising global thermal energy demand leading to the growing adoption of pressure vessels is the major driver which helps in the growth of the market. The technological innovation is a key trend gaining popularity in the pressure vessel market. The key players are increasingly focusing on integrating smarter and safer safety systems for better design and analysis as well as to gain a competitive edge in the market. For example, in January 2021, a Sweden-based sensor solutions, software solutions, autonomous solutions company, Hexagon launched its PV Elite 23, a complete solution for vessel and heat exchanger design, analysis and evaluation. The automatic design options help users to efficiently modify vessel design to save time and design equipment for the most extreme uses, quickly, accurately and profitably. In September 2021, Hexagon Purus ASA, a Norway-based provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles, acquired 100% stake in Wystrach GmbH, for EUR 43.3 million ($44.36 million). The transaction solidifies Hexagon Purus’ status as the world's premier provider of zero-emission mobility solutions. Wystrach is a Germany-based provider of high-pressure storage and transportation solutions for hydrogen and other gases. Major players in the pressure vessel market are Babcock & Wilcox Enterprises, General Electric, Larsen & Toubro, Mitsubishi Hitachi Power Systems, Hitachi Zosen, IHI Corporation, Bharat Heavy Electricals Limited, Samuel Son & Co., Halvorsen Company, Pressure Vessels, Doosan Meca Tec, DongFang Turbine Co. Ltd., Westinghouse Electric Company, Kelvion Holding Gmbh, Ergil, Alfa Laval, Abbott & Co (Newark) Ltd., Alloy Products Corp., GEA Group AG, and IHI Plant Services Corporation. North America was the largest region in the pressure vessel market in 2022. Western Europe was the second-largest region in the pressure vessel market. The regions covered in the pressure vessel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pressure vessel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The pressure vessel market consists of sales of glassware, autoclaves, compressed gas cylinders, compressors and vacuum chambers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global pressure vessel market is segmented - 1) By Type: Boiler, Reactor, Separator, Other Types 2) By Heat Source: Fired, Un-Fired 3) By Application: Storage Vessels, Processing Vessels 4) By Material Type: Steel Alloys, Composites, Other Material Types 5) By End-User Channel: Power, Oil and Gas, Food and Beverages, Pharmaceuticals, Chemicals, Other End-User Channels

Positive displacement pumps (PD pumps) refer to mechanical devices that displace a certain amount of liquid for every revolution or cycle that the pump completes. These are generally used for fluids with a high viscosity. In addition to being used where high accuracy is required for metering or dosing, they can also be used for high-pressure washing and wastewater treatment. The main product types of positive displacement pumps include rotary pumps, reciprocating pumps, and other product types. A rotary pump is a type of positive displacement pump in which a fixed volume of fluid is pumped through a fixed number of revolutions. The various raw materials include bronze, cast iron, polycarbonate, stainless steel, and other raw materials that are used by various end-users such as water treatment, oil and gas, chemicals, pharmaceutical, food and beverage, and others. The positive displacement pumps market research report is one of a series of new reports from The Business Research Company that provides positive displacement pumps optical components market statistics, including positive displacement pumps optical components industry global market size, regional shares, competitors with a positive displacement pumps optical components market share, detailed positive displacement pumps optical components market segments, market trends, and opportunities, and any further data you may need to thrive in the positive displacement pumps optical components industry. This positive displacement pumps optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global positive displacement pumps market size is expected to grow from $10.80 billion in 2022 to $11.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The positive displacement pumps market size is expected to grow to $14.11 billion in 2027 at a CAGR of 5.4%. The increasing oil and gas exploration activities are expected to propel the growth of the positive displacement pumps market going forward. Oil and gas exploration includes the procedures and techniques used to identify potential locations for drilling and extracting hydrocarbons. The oil and gas sector uses positive displacement pumps for many purposes, including pipelines, pumping stations, cooling loops, heat exchanger circulation, water supply, and drainage, cooling systems, hot water discharge, and cooling and refrigeration systems. For instance, in November 2022, according to the US Energy Information Administration, a US-based federal statistical agency, the deployment of active good service rig count in the United States increased by 22.23% from 738 in 2020 to nearly 949 in 2021, due to rising oil and gas exploration and drilling operations. Therefore, the increasing oil and gas exploration activities are driving the growth of the positive displacement pumps market. Product innovation is a key trend gaining popularity in the positive displacement pumps market. Major companies operating in the market are developing innovative products to sustain their position in the market. For instance, in August 2022, Lee Company, a US-based industrial machinery manufacturing company, launched its latest innovation, a new high-performance miniature pump, and a control package. This innovative product is integrated with control electronics that offer unparalleled flexibility in a small, and lightweight package. It features self-priming at altitude, fully variable speed control, unparalleled flexibility, easy installation, and reduces the risks of cavitation at altitude and the pump module also includes intelligence for monitoring pump speed, motor current, and faults. Using leading fluid control technology, Lee company minimizes size, maximizes performance, and this new pump expands its unique and established range of miniature radial piston-designed displacement pumps. In March 2021, IDEX Corporation, a US-based manufacturing company focusing on the development, design, and manufacture of fluidics systems, optics systems, and other specialty engineered products, acquired Abel Pumps, L.P, and certain of its affiliates for an undisclosed amount. Through this acquisition, IDEX Corporation will combine both expertise by adding Abel and its employees to the IDEX businesses, which is expected to further strengthen the IDEX pump and valve portfolio. Abel Pumps L.P. is a US-based manufacturing company providing reciprocating positive displacement pumps and specializes in membrane pumps. Major players in the positive displacement pumps market are Ebara Corporation, KSB SE & Co. KGaA, WILO SE, Dover Corporation, Pentair plc., Grundfos Pump Corporation, Sulzer Ltd., Xylem Inc., SPX Flow Inc., Alfa Laval AB, The Weir Group PLC., Fristam Pumpen KG (GmbH & Co), HERMETIC-Pumpen GmbH, Ruhrpumpen Inc., and Tsurumi Pump Inc. Asia-Pacific was the largest region in the positive displacement pumps market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the positive displacement pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the positive displacement pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The positive displacement pumps market consists of sales of progressive cavity pumps, gear pumps, and impeller pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global positive displacement pumps market is segmented - 1) By Product Type: Rotary Pumps, Reciprocating Pumps, Peristaltic, Other Product Type 2) By Raw Material: Bronze, Cast Iron, Polycarbonate, Stainless Steel, Other Raw Material 3) By End-User: Water Treatment, Oil And Gas, Chemicals, Pharmaceutical, Food And beverage, Other End-User

Offshore mooring systems refer to a system designed for the act of mooring or tying up a boat to a submerged anchoring point that is not close to the dock or shoreline. They are used to position and stabilize floating production and storage. The main types of offshore mooring systems are single-point mooring, taut leg system, semi-taut leg system, spread mooring, dynamic positioning, and other types. Single point mooring refers to a floating buoy anchored offshore that helps to allow the handling of liquid cargo. The various anchorage types are suction anchors, vertical load anchors, drag embedment anchors, and other anchors that also include shallow water and deep water depth operations. It is used in various applications such as floating production storage and offloading, floating liquefied natural gas, spar platform, tension leg platform, semi-submersible platforms, and others. The offshore mooring systems market research report is one of a series of new reports from The Business Research Company that provides offshore mooring systems statistics, including offshore mooring systems industry global market size, regional shares, competitors with an offshore mooring systems market share, detailed offshore mooring systems market segments, market trends and opportunities, and any further data you may need to thrive in the offshore mooring systems industry. This offshore mooring systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global offshore mooring systems market size is expected to grow from $1.66 billion in 2022 to $1.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore mooring systems market size is expected to grow to $2.06 billion in 2027 at a CAGR of 4.3%. The escalating demand for energy is expected to propel the offshore mooring systems market growth going forward. Energy refers to the electricity and power that is generated by using natural resources. Offshore mooring systems are used in the floating wind systems for efficient extraction of energy by facilitating and maximizing energy production and transmission of power using cables and umbilical, as a result, escalating demand for energy increases the demand for offshore mooring systems. For instance, In 2021, According to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the global energy demand is expected to increase by 47% in 2050. Therefore, the escalating demand for energy is driving the growth of the offshore mooring systems market. Technological developments are a key trend gaining popularity in the offshore mooring systems market. Major companies operating in the offshore mooring systems market are focused on developing new technological solutions to strengthen their market position. For instance, in September 2021, Imenco AS, a Norway-based engineering company engaged in various subsea projects, launched 'Pacu', its innovative and transformational cathodic protection technology for mooring systems used in floating wind platforms or offshore aquaculture installations. Pacu is designed to be attached to the mooring chains to extend their lifespan by slowing down the rate of corrosion reducing the risk of mooring system failures to provide a cost-effective solution that can be retrofitted to existing chains. As a result, operations require less handling, shipping, and installation equipment, which lowers their overall carbon footprint. Additionally, numerous maritime sectors, such as offshore wind, as well as the oil and gas sector, including near-shore moorings and permanently anchored offshore buildings, can use Pacu. In May 2021, Delmar Systems, Inc., a US-based provider of mooring solutions for the oil and gas industry acquired Vryhof for an undisclosed amount. Through this acquisition, combined resources expand and strengthen the global footprint of the companies with enhanced asset portfolios. Vryhof Anchors BV is a Netherland-based provider of offshore anchors and mooring solutions. Major players in the offshore mooring systems market are Blue Water Energy LLP, MODEC Inc., Lamprell Plc., SBM Offshore NV, Baltec System Pvt Ltd., FMC Technologies Inc., Rigzone Mooring Systems, Mooring Systems Inc., Offspring International Limited, Mampaey Offshore Industries, Delmar Systems Inc., Trelleborg Marine Systems India Pvt. Ltd., Viking SeaTech, Balmoral Comtec Ltd., Grup Servicii Petroliere, Sofec, Mooring System Solutions Pty Ltd., Intermoor Inc., LHR Services & Equipment Inc., and NOV Inc. Asia-Pacific was the largest region in the offshore mooring systems market in 2022. The regions covered in the offshore mooring systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the offshore mooring systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The offshore mooring systems market consists of sales of internal turret mooring, external turret mooring, and disconnectable turret mooring systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global offshore mooring systems market is segmented - 1) By Type: Single Point Mooring, Taut Leg System, Semi-taut Leg System, Spread Mooring, Dynamic Positioning, Other Types 2) By Anchorage: Suction Anchors, Vertical Load Anchors, Drag Embedment Anchors, Other Anchors 3) By Depth of Operation: Shallow Water, Deepwater 4) By Application: Floating Production Storage and Offloading (FPSO), Floating Liquefied Natural Gas (FLNG), SPAR Platform, Tension Leg Platform (TLP), Semi-Submersible Platforms, Other Applications

The material handling equipment refers to a mechanical equipment utilised for a variety of purposes throughout the transit or storage of products in industrial settings. It facilitates the transportation, storage, and control of commodities and materials during the manufacturing, distribution, usage, and disposal. These devices make it possible to move big quantities of products and heavy objects quickly and efficiently. The main types of material handling equipment are used by manufacturer and distributor. The manufacturer refers to company who are in the manufacturing and handling of material handling equipment. A manufacturer is a person or a registered corporation that creates finished goods from raw materials in order to gain profit. The different product are cranes and lifting equipment, industrial trucks, continuous handling equipment, and racking and storage equipment, which are used in automotive, food and beverages, chemical, semiconductor and electronics, e-commerce, aviation, pharmaceutical, and others. The material handling equipment market research report is one of a series of new reports from The Business Research Company that provides material handling equipment market statistics, including material handling equipment industry global market size, regional shares, competitors with a material handling equipment market share, detailed material handling equipment market segments, market trends and opportunities, and any further data you may need to thrive in the material handling equipment industry. This material handling equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global material handling equipment market size is expected to grow from $180.60 billion in 2022 to $194.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The material handling equipment market size is expected to reach $248.83 billion in 2027 at a CAGR of 6.3%. The rising e-commerce industries are expected to propel the material handling equipment market going forward. E-commerce is a business approach that allows people to buy and sell goods and services through the Internet. The e-commerce sector is rising due to changes in consumer preference, increased convenience, and personalized experience. The automatic material handling equipment provides convenience to businesses in packaging, bulk material handling, and managing the supply chain ecosystem in their industrial spaces. For instance, according to Forbes, an American business magazine, in the US, e-commerce sales reached $870 billion in 2021, up 50.5% from the previous year and 14.2% from 2020. Moreover, e-commerce accounted for 13.2% of retail sales in the US in 2021. Thus, such a rise in e-commerce will drive the material-handling equipment market. Technological innovation are a key trend gaining popularity in the material handling equipment market. Major players are concentrating on creating innovative equipment technologies products, such as electric material handling equipment to strengthen their position. For instance, in May 2022, Linde Material Handling, a Germany-based manufacturer of forklift trucks and warehouse equipment company, introduced electric heavy-duty forklift trucks with load capacities ranging from 10 to 18 tonnes. This innovative, compact, heavy-duty truck series is built on the eight-ton range and includes a double drive, double lifting hydraulics, two batteries, and scaled pumps. In Nov 2021, Wolter, Inc., formerly Wolter Group LLC, a US-based material handling equipment and machinery manufacturing company, acquired Advantage Materials Handling Group for an undisclosed amount. This acquisition will expand Wolter's coverage area for Kion North America's Linde and Baoli electric, gas, and LP forklift ranges. Advantage Materials Handling Group is a US-based company offering industrial machinery and equipment. Major players in the material handling equipment market are The Beumer Group, Daifuku Co Ltd., Kion Group AG, Toyota Industries Corporation, Honeywell International Inc., Schaefer System International Ltd., Jungheinrich AG, Crown Equipment Corporation, Hyster-Yale Materials Handling Inc., Mitsubishi Caterpillar Forklift America Inc., Mecalux S.A., Murata Manufacturing Co Ltd., Liebherr Group, Swisslog Holding AG, and Action Construction Equipment Ltd. Asia-Pacific was the largest region in the material handling equipment market in 2022. The regions covered in the material handling equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the material handling equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The material handling equipment market consists of sales of casters and wheels, controllers, conveyors, dock equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global material handling equipment market market is segmented - 1) By Type: Manufacturer, Distributor 2) By Product: Cranes and Lifting Equipment, Industrial Trucks, Continuous Handling Equipment, Racking and Storage Equipment 3) By End Users: Automotive, Food And Beverages, Chemical, Semiconductor And Electronics, E-commerce, Aviation, Pharmaceutical, Other End Users