Monday, 6 April 2020

Service Robotics Market Size to reach USD 54.4 billion by 2026

The global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026’ provides insights on the current market scenario and the future prospects. In 2017, the hardware segment dominated the global service robotics industry, in terms of revenue. Europe was to be the leading contributor to the global market revenue in 2017.

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services. With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years. The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.


Technological advancements in vision software and assistive robots for patient care have further led to the development of innovative products to cater to the customized requirements and diversified applications of service robots in the healthcare industry. Growth of wireless technologies, smartphone adoption, rising trend of cloud computing, strong and stable economic growth in the growing economies, and untargeted potential markets provide lucrative opportunities for the market players in the market.

The advent of new technologies has led to the development of efficient and advanced medical robots for providing customized solutions. Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities. Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies. The da Vinci Surgical System, a surgical robot developed by Intuitive Surgical, Inc., holds a major share in the robotic surgery market.


Surgical robots are specifically designed to perform surgeries or assist surgeons during operation procedures. It is a significant revenue-generating category in the healthcare segment owing to its high precision. Companies have formed alliances to offer diversified solutions in this segment. For instance, Verily Life Sciences LLC, a company by Alphabet Inc., has partnered with Johnson & Johnson’s Ethicon to manufacture surgical robots under jointly incorporated Verb Surgical, Inc. Another company, TransEnterix, Inc. recently launched the Surgibot Surgical System, which is capable of performing surgeries by creating only one incision for multiple instruments.

Europe generated the highest revenue in the service robotics industry in 2017. Growing demand for automation, technological advancements, and increasing labor costs encourage companies to invest in service robotics. Vendors in the service robotics industry deliver customized solutions for self-driving vehicles, surgical technologies, entertainment, and agriculture to cater to a wider audience. Government initiatives such as launch of civilian research and innovation program in robotics in 2014 and incorporation of SPARC Robotics, a joint platform for robotics companies in Europe, help to drive the market growth in Europe. In addition, under the platform of Innovation Union, a Europe 2020 flagship initiative is formed to maximize Europe’s global competitiveness.


The well-known companies profiled in the service robotics market report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com




on No comments:
Labels: , , ,

Glass Coatings Market 2020 Size, Share, Application Analysis, Regional Outlook, Growth Trends and forecast


The global glass coatings market size is anticipated to reach USD 5.03 billion by 2026, according to a new research published by Polaris Market Research. In 2017, the nano glass coating segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.


Several stringent energy regulations passed by governments worldwide have boosted the adoption of glass coatings. Growing concerns regarding energy efficiency, increasing need to reduce energy consumption, and growing demand from the automotive sector further support the market growth. The increasing sale of vehicles, especially in the developing countries, along with growing adoption of solar installations supports the market growth. Additionally, the increasing adoption of energy efficient buildings and reducing operation costs would boost the market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and growing demand from emerging economies. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.


The awareness regarding green buildings, and reduction in operation costs encourage the commercial sector to invest in glass coatings. Commercial structures such as manufacturing plants, offices, and institutes are adopting glass coating to reduce emissions, increase efficiency, and optimize energy use. Asia-Pacific generated the highest revenue in the glass coatings market in 2018. The increasing use in vehicles, and rising awareness regarding energy efficient buildings drive the market growth in the region. The increasing sale of vehicles in countries such as China, Japan, and India, and the growing demand from the construction sector drives the growth of the glass coatings industry in the region. Numerous key players have adopted partnership and expansion strategies to increase their market share in the markets of the Asia-Pacific.

The different end-users of glass coating include construction, automotive and transportation, aerospace, marine, and others. In 2018, the automotive segment accounted for the highest market share. The use of glass coatings in windows, doors, and windshields in automotive reduces the heat accumulation in vehicles, and offer high UV resistance and high optical activity.


The well-known companies profiled in the report include Kyocera Corp, PPG Industries, Henkel A.G., The NSG Group, Saint-Gobain, Corning Inc, Murata Manufacturing Co. Ltd, Valspar Corporation, Euroglas GmbH, and The Sherwin-Williams. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com



on No comments:
Labels: , , ,

Telehealth Market 2020 by Trends, Key Players, Driver, Segmentation, Forecast to 2026

The global telehealth market is anticipated to reach USD 54.23 billion by 2026 according to a new study published by Polaris Market Research. The use of digital technologies to deliver health education, medical care, and public health services by connecting multiple users from distinct locations is known as telehealth. This includes technology-enabled health care services, telemedicine, and services such as monitoring, assessment, communications, education, and prevention. Additionally, it also involves a wide range of videoconferencing, health information, telecommunications, and digital image technologies. The virtual technology and telecommunications are used in telehealth to deliver health care facilities outside of tradition healthcare facilities. 

The telehealth includes virtual health care, where elderly or chronically ill patients are given medical guidance as well as treatment in certain procedures by residing home. The use of telehealth made easy accessibility of medical tools and guidelines for both professionals as well as patients in terms of diagnosis and patient care. 

  
The global telehealth market is segmented on the basis of component, mode of delivery, end user, and by region. By component, the global telehealth market is further segmented into three major categories, including hardware, software, and services. On the basis of component, the services segment accounted major share in the global telehealth market. The services segment is further segmented into three major types, real-time interactions, remote monitoring, and store-and-forward consultations. The growing awareness and acceptance of remote monitoring solutions, and increasing technological advancement in telecommunication is the key factor responsible for high share of telehealth services in the telehealth industry. The hardware segment by component is further segmented into two types, medical peripheral devices, and monitors. The software segment is further segmented into, standalone software and integrated software’s. The software segment in the telehealth industry is expected to grow at high CAGR during the forecast period. The software is the important tool of telehealth systems. They work as an interface between the database and end users.

By mode of delivery the global telehealth market is further segmented into, web-based, cloud-based, and on premises delivery system. By end user, the global telehealth market is further segmented into providers, payers, patients, and others.


On the basis of region, the telehealth industry is further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is estimated to account major share in the global telehealth industry in 2019. The continuous increasing in telehealth funding and government support for telehealth in the region is the one of key factor responsible for growth of the market. The Asia Pacific is expected to register high CAGR during forecast period, owing to growing economy, and rising healthcare expenditure in that region.

The key players operating in global telehealth market includes Medtronic plc, Koninklijke Philips N.V., McKesson Corporation, Tunstall Healthcare Group Ltd, AMD Global Telemedicine, Inc., Medvivo Group Ltd., Vidyo, Inc., Care Innovations, LLC, Cisco Systems, Inc., General Electric Company, and Honeywell Life Care Solutions among others. The increasing investment for telehealth research and development activities across the top players is expected to propel the growth of the global telehealth market.

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
on No comments:
Labels: , , , , ,

Friday, 3 April 2020

Epoxy Adhesives market size is expected to reach USD 11,631 million by 2026 | PMR

The global Epoxy Adhesives market size is expected to reach USD 11,631 million by 2026 according to a new study by Polaris Market Research. Epoxy is increasingly being used as a structural adhesive across diverse industries. Epoxy adhesives offer high shear strength while bonding efficiently to a wide range of substrates such as wood, glass, and metal. These adhesives provide minimal shrinkage, superior thermal and chemical resistance, and cohesive strength. Epoxy adhesives can be altered and modified to deliver a wide range of properties and offer customized solutions in the market. Toughened epoxy adhesives are being used in automotive, construction, and aerospace industry owing to need for greater strength and chemical resistance.

Get Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/epoxy-adhesives-market/request-for-sample

The different types of epoxy adhesives include One-Component, and Two-Component. The demand for one-component epoxy adhesives is expected to increase significantly during the forecast period. One-component epoxy adhesives are cured at temperatures between 250-300°F, which offers superior adhesion properties, high strength, and greater environmental and chemical resistance. They are usually applied through trowel or extrusion by beads, and are capable of filling and sealing gaps between surfaces efficiently. Currently in the global Epoxy Adhesives industry, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications and develop advanced technologies.

Asia Pacific dominated the global market in 2019 and is expected to maintain its dominance over the forecast period. Rising industrial growth, urbanization, and growth in the automotive sector supports market growth in this region. Increasing applications in construction, defense and aerospace, and marine industries further increases the demand of epoxy adhesives in Asia-Pacific. Increasing demand for miniaturized and high performing electronics coupled with increasing awareness regarding adoption of electric vehicles fuels growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

Click to view the full report TOC, figure and tables @ https://www.polarismarketresearch.com/industry-analysis/epoxy-adhesives-market/request-for-discount-pricing

The market is characterized by established companies and large giants. Owing to technological advancements, and greater need to cater to customer requirements, companies are collaborating in order to strengthen market presence and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include DowDuPont, Sika AG, Huntsman Corporation, Ashland Inc., 3M Company, Lord Corporation, Illinois Tool Works Incorporation, Henkel AG, AdCo UK Limited, Benson Polymers Ltd, 3M Co., Adhesive Technologies Corp., H.B. Fuller, American Chemical Inc., DELO Industrial Adhesives, Collano Adhesives AG, and Alfa International Corporation among others.

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

on No comments:
Labels: , , , , ,

EV Charging Cables Market | 2020-2026 | Top Industry : Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group

EV Charging Cables Market Size Worth $1,992.5 Million By 2026 | CAGR: 33.2% according to a new study by Polaris Market Research.
major market participants of EV Charging Cables Market: Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group, Sinbon Electronics, Systems Wire and Cable, General Cable Technologies Corporation, Chengdu Khons Technology Co., Ltd., Manlon Polymers, Eland Cables, EV Teison, Aptiv Plc., and Brugg Group.
Get Sample Copy : https://www.polarismarketresearch.com/industry-analysis/ev-charging-cables/request-for-sample
Market Overview:
Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles, which further drives the growth of the market. Market players are introducing technologically advanced EV charging cables in the market to appeal to a range of consumers. Innovations in the market have resulted in the launch of charging cables with reduced charge time and low overall costs. Technological advancement in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium enterprises to invest in EV charging cables.
The different charging levels used in the global market include level 1, level 2, and level 3. Level 1 is a single-phase cable that provides battery recharge through an alternating-current plug and a dedicated circuit. It does not require the installation of charging equipment. It usually requires 8 to 12 hours to completely charge a battery and is usually used for home purposes.
Get Special Discount On this Research Report @ https://www.polarismarketresearch.com/industry-analysis/ev-charging-cables/request-for-discount-pricing
Segment Insight:
On the basis of application, the market is segmented into public and private. The governments across the world are investing significantly in deployment of public charging infrastructure by subsidizing the construction of charging stations. France has declared its goal to deploy 7 million outlets by 2030 for the cars to recharge. In 2016, Korea upgraded its former target of deploying publicly accessible fast chargers from 1,400 to 3,000 by 2020 to increase the adoption of electric vehicles. Norway provides public funding for construction of fast-charging stations every 50 km on main roads. In the United Kingdom, $650 is offered for the installation of a dedicated home charger for an electric car.
The market is segmented into Alternate, and Direct Charging based on power supply. AC transforms the incoming AC and into DC, and then forwarded to the battery pack. AC stations are widespread and offer vehicle recharge at affordable rates. However, the demand for DC is increasing owing to faster charging duration. BMW has launched its BMW Digital Charging Service (DCS), which is an intelligent cost-effective service optimizing charging technology for BMW i and BMW iPerformance vehicles. After activation of DCS, the recharge process is carried out independently and autonomously. DCS is based on principles on Tariff and solar optimised vehicle recharge. On the basis of shape, the market is segmented into straight and coiled. In 2019, the straight EV charging cables dominated the global market.
Get Full Research Summary on Global EV Charging Cables Market Analysis Available At:  https://www.polarismarketresearch.com/industry-analysis/ev-charging-cables
Regional Insight:
Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Growing concerns regarding air pollution and increasing need of fuel efficient vehicles have increased the number of electric cars in countries, such as China, U.S., India, and Japan, driving the growth of market. The National Electric Mobility Mission Plan (NEMMP) 2020 in India projects sales of 6–7 million units of electric vehicles, and a subsequent fossil fuel saving of 2.2 – 2.5 million tons. This would result in considerable reduction in vehicular emissions, and decrease in carbon dioxide emissions by up to 1.5% by 2020. The increasing penetration of electric vehicles is expected to fuel development of enhanced charging infrastructure, further increasing the demand for EV charging cables.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com

on No comments:
Labels: , , , ,

Acetone Market size is expected to reach USD 6.19 billion by 2026 | PMR

The global Acetone market size is expected to reach USD 6.19 billion by 2026 according to a new study by Polaris Market Research. The report “Acetone Market Share, Size, Trends, Industry Analysis Report, By Grade (Specialty Grade, Technical Grade); By End-User (Construction, Automotive, Cosmetics and Personal Use, Paints and Coatings, Pharmaceutical, Agriculture, Others); By Application (Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, Others); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future industry growth.

The market is projected to witness a growth over the forecast period. There has been a significant growth in the demand for acetone from pharmaceutical, automotive, and construction sectors over the years. Growing awareness regarding personal care, increasing demand for solvents, application in varied industries, and rising disposable income are some factors boosting the market growth. It is also used as an organic and non-toxic alternative for containing oil spills by dissolving sludge and eliminating it from the surface of water or marine plants.


With increasing investments in the global Acetone industry, companies, manufacturers, private organizations are collaborating to expand and cater to wider applications. In August 2019, ALTIVIA Petrochemicals completed the acquisition of Dow’s Acetone Derivatives Business and associated chemical manufacturing assets in United States. The acquisition is expected to assist ALTIVIA in increased production of Ketones and Carbinols, and strengthen its position in the coatings, adhesive and pharmaceutical industries. The addition would expand its acetone production and increase its geographic penetration.
  
The applications of acetone include Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, and others. The solvents segmented accounted for the highest share in 2019. The growth in the personal care industry is expected to drive the market during the forecast period owing to wide applications. Acetone is a major component in a wide range of personal care products, such as cosmetics, cosmetic creams, fragrances, and hair dyes, among others. Growing hygiene and wellness concerns, especially among the youth, coupled with growth of e-commerce platforms are factors expected to provide numerous growth opportunities in the coming years


Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Population growth, rising disposable incomes, and growing demand for personal care products drives the growth in the region. Rising industrialization, growth in the automotive sector, and strengthening pharmaceutical industry also supports market growth in this region. Increasing applications in agriculture, construction, and automotive further increases the demand of acetone in Asia-Pacific. Global players are expanding their presence and setting manufacturing units in this region owing to availability of infrastructure and labor.

The industry is characterized by established companies and large giants. Owing to technological advancements, and larger applications companies collaborating in order to retain the customers and gain market share. Broadening of product portfolio is another trend that is visible in the industry. Some of the major market participants include Hindustan Organic Chemicals Limited, Royal Dutch Shell PLC, Formosa Chemicals and Fiber Corporation, INEOS Phenol, Honeywell International Inc., BASF SE, Green Biologics Limited, Prasol Chemicals Pvt. Ltd., Borealis AG, Altivia, Reliance Industries Limited, Mitsui Chemicals Inc, LyondellBasell Industries Inc., and DOMO Chemicals GmbH.


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com



on No comments:
Labels: , , , ,

Aerial Refueling Systems Market 2020 New Industry Research On Present State and Future Growth Prospects to

The global aerial refueling systems market size is expected to reach USD 719.8 million by 2026 according to a new study by Polaris Market Research. The report “Aerial refueling systems market Share, Size, Trends, Industry Analysis Report By Aircraft Type (Combat & Tanker, Turboprop & Helicopter, UAV), By System (Hose & Drogue, Boom & Receptacle), By Component (Hose, Drogue, Probe, Boom, Refueling Pods, Others), By End User (OE, Aftermarket), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The aerial refueling systems have evolved over the time and continuous enhancements in technology is perceiving the growth in applications of these systems over the course of time leading to a well-established market in the future. continuous improvements are taking place in the aerial refueling systems to manufacture advanced systems with high-level precision and reliability. Air-to-air refilling has always been a key enabling factor for air military power as these systems are supporting the combat aircraft and enhancing the capabilities of these aircraft during wartime and other missions. Today’s defense air forces are majorly dependent on air-to-air refilling systems, but on the other hand, aerial refilling for commercial aircraft still seems to be a challenging task. Although, the aviation industry is looking forward to introducing aerial replenishing for long distance flights, the experts and engineers are still pondering upon the successful execution process to accomplish air-to-air refueling for commercial aircraft.


Increasing military expenditure, growing tanker aircraft deliveries, emergence of multi-role tanker aircraft, increasing tanker aircraft fleet globally, and rising demand of long-run military aircraft for special purpose missions are some of the major factors aiding growth of market. The demand for air-to-air replenishing tanker is highly dependent upon military expenditure and thereby impacting the market for aerial refueling systems. Some of the countries in Asia Pacific region such as China, India, South Korea, & Saudi Arabia have already been increasing their military expenditure for acquisition of advanced weapon systems and aircraft. Also, the U.S. is largest country which spends highest in their defense budget globally. For instance, in 2016, the global military expenditure was estimated to be around US$ 1,695 million in which the U.S. accounted for more than 35% of share. Also, the U.S. accounts for largest fleet of military aircraft in the world which in turn drives the demand for air-to-air refilling systems globally.

Among aircraft type, combat & tanker aircraft was estimated to be the largest segment for air-to-air refueling systems in 2019, owing to high need for aerial refueling systems for covering a long-distance defense mission. Moreover, rising tensions in the world are compelling both the developed and developing economies to prepare themselves by having an advanced fleet of air-to-air fueling tankers to fuel their combat aircraft for covering a longer distance for successfully accomplishing the defense missions.

Among end user, OE was estimated to be largest segment in 2019 and is expected to retain its dominance during the forecast period as well. This is owing to increasing purchase and deployment of combat & tanker aircraft along with refilling systems by military forces of different countries. Moreover, continuous replacements of old generation tankers & combat aircraft with the new ones is another major factor aiding in the growth for aerial refilling systems globally. For instance, currently the USA has 550 KC-135 tanker aircraft as their fleet to which the government has decided to replace it with 179 Boeing’s KC-46 tankers by 2027 which in turn will drive the market for OE segment in the near future and thereby impacting the market positively. In addition, according to Polaris Market Research analysis, OE is also expected to be the fastest growing end user segment in the global market during the forecast period of 2020-2026.


Among region, North America was estimated to be the largest segment in 2019 and is also expected to be remain the largest during the forecast period as well. The U.S. is growth engine of this region because of its largest military aircraft fleet and continuous upgradations & replacements of aircraft systems. Moreover, the U.S. is also the largest country comprising of highest market share for aerial refueling systems among all other countries in the world owing to its highest military expenditure and its existing fleet of military aircraft. 

Companies in this industry are trying to develop new and innovative products in order to reduce the challenges faced by the users. For instance, Nottinghamshire-based Icon Aerospace has developed a key enabling technology to create the very first intelligent connector (IC) for in-flight refilling. Companies such as Airbus SE, Cobham plc, Draken Internationnal, Eaton Corporation, GE Aviation, Marshall Aerospace & Defence Group, Parker Hannifin Corporation, Safran, and Zodiac Aerospace are some of the key players operating in this market. 


About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com



on No comments:
Labels: , , ,

Aircraft Fuel Systems Market Share, Size, Trends, Industry Analysis Report By PMR

The global Aircraft Fuel Systems Market size is expected to reach USD 7.50 billion by 2026 according to a new study by Polaris Market Research. The report “Aircraft Fuel Systems Market Share, Size, Trends, Industry Analysis Report By Aircraft Type (Commercial, Military, UAV), By Technology Type (Pump Feed, Fuel Injection, Gravity Feed), By Component Type (Pumps & Valves, Fuel Tank, Piping, Gauging, Inerting Systems, Others), By Engine Type (Jet Engine, Helicopter Engine, Turboprop Engine, UAV Engine), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Aircraft fuel systems are designed to provide uninterrupted and uncontaminated free fuel regardless of the aircraft’s attitude. As fuel load take a significant portion of airliner’s weight, a sufficiently strong airframe is designed in a way to control fuel loads and shifts in weight. This is an essential system which pumps, manages, and delivers jet fuel to the propulsion system and auxiliary power unit (APU). The implementation and functional characteristics play a critical role in design, certification, and operational aspects of both military and commercial jets. These systems directly affect the performance of an airliner as compared to any other airplane system.
                                                                                                                                     
Globally, flights generated about 915 million tonnes of CO2 in 2019 which is equivalent of 2% of all human induced CO2 emissions (42 billion tonnes). Aviation sector is responsible for 12% of CO2 emissions in transportation industry as compared to 74% emitted by road transport. Government and Federal Organizations are trying to regulate tough protocols for airplane OEMs and fuel system manufacturers in order to reduce the carbon emissions. An airplane fuel system consists of mainly storage tanks, valves, pumps, and metering & monitoring devices which are designed under strict Title 14 of the code of Federal Regulations guidelines. To meet the FAA requirements, the manufacturers design the systems which are free from vapor lock when using the jet-fuel at critical temperature. The tanks are separated from personnel compartments of the aircrafts by fume-proof and fire-proof enclosures which are vented and drained to the exterior of the airplane. The components of this system are bonded and grounded in order to drain off static charge.


Furthermore, increasing global airliner fleet, increasing commercial & regional airplane production & deliveries, growing revenue passenger kilometers, growing demand of lightweight components for achieving higher fuel efficiency & save costs, rising demand for fuel efficient & lightweight fuel systems are some for the major factors aiding in the growth of global industry.

Among airplane type, the market is segmented into commercial, military, and UAV. Commercial airliners are expected to be the largest market in 2019, owing to increasing production rates of the commercial airliner models such as B737, B787, A320, A350XWB, C919, A320 Neo, B737 Max, B777x, and A330 Neo. This segment is also propelled by rising commercial jet deliveries to support growing passenger traffic pushed by rising per capita income. Moreover, introduction of new generation fuel-efficient airliner models such as B737Max and B787 Dreamliner is another major factor aiding in the growth for the industry globally.

Among technology type, the market is segmented into pump feed, fuel injection, and gravity feed. In 2019, pump feed was estimated to be the largest market for fuel systems globally. This technology is majorly used on commercial and military jets as these are mid and low-wing airplanes with wing location not above the engines. The technology uses fuel-pumps to deliver the fuel from the tanks to engines.

Among component type, the market is segmented into pumps & valves, fuel tank, piping, gauging, inerting systems, and others. In 2019, gauging was estimated to be the most dominant component type followed by pumps & valves. Gauging is basically an instrument with sensing unit in the tank & indicator in the dashboard which is used to indicate and monitor amount of fuel in a tank. Pumps are used for transferring the fuel from the tanks to the carburetor whereas valves regulates & controls the flow by opening and closing or by obstructing the various fuel passage directions.


Among engine type, the market is segmented into jet engine, helicopter engine, turboprop engine, and UAV engine. In 2019, jet engine was estimated to be the most dominant engine type, according to Polaris Market Research. Jet engine basically powers the commercial airplane, regional planes, business jets, and military aircrafts. Increasing production rates of commercial airplane models such as A320, B787, B737, and Bombardier C series is one of the major factors aiding in the growth for jet engine segment and thereby driving the industry.

Among region, North America is expected to remain the largest region for aircraft fuel-systems globally as this region is the manufacturing capital of aerospace & defense industry due to large presence of aircraft OEMs, component manufacturers, fuel system vendors, distributors, and raw material suppliers. Moreover, presence of largest airplane fleet in the region is another major factor aiding the growth in this region.

Companies such as Collins Aerospace, Eaton, GKN Aerospace Services Limited, Honeywell International Inc., Meggitt PLC, PARKER HANNIFIN CORP, Safran, Triumph Group Inc., and Woodward Inc., are some of the major vendors operating in this industry.

About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com


on No comments:
Labels: , , ,
Subscribe to: Comments (Atom)