What Are Present Opportunities in Kuwait Diesel Generator Set Market?

The most important factors driving the growth of the Kuwaiti diesel generator set market are the expanding oil & gas sector in the country and unreliable grid supply. A staggering 90% of the revenue for the country’s government comes from oil & gas export, which additionally contributes 43% of the national gross domestic product. Kuwait’s oil reserves, which stood at 104 billion barrels in 2019, made up 9% of the global. To keep rigs, terrestrial oilfields, piping operations, and refineries running efficiently, DG sets are installed in large numbers.

On segmenting the market by power rating, the categories are 5 kilovolt-Ampere (kVA)–75 kVA, 75 kVA–375 kVA, 375 kVA–750 kVA, and above 750 kVA. Among these, the largest share in the Kuwaiti diesel generator set market during the forecast period (2020–2030) will be held by the 5 kVA–75 kVA category. This is attributed to the increasing requirement for gensets that deliver power under this rating at telecom towers, retail establishments, offices, commercial complexes, and small industrial facilities.

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Another major driver for the Kuwaiti diesel generator set market is the easy and cost-effective availability of diesel. Being an oil-driven economy, Kuwait has no shortage of refineries. Owing to the large crude oil reserves and well-developed refining infrastructure, diesel is readily available here at cost-effective rates. This allows the masses to adopt diesel generator sets without worrying about the high fuel costs. Key players making efforts to meet the growing demand are Jubaili Bros., YANMAR HOLDINGS CO. LTD., Caterpillar Inc., Cummins Arabia, Atlas Copco AB, and Mitsubishi Power Ltd.

Therefore, with economic growth taking on all fronts in Kuwait, the demand for diesel generator sets will rise massively here.

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Why Are Buildings and Industrial Equipment Being Rapidly Insulated?

With the earth’s population on the path to reaching close to 11 billion by 2100, as per the United Nations (UN), the construction sector around the world is growing. However, the overuse of fossil fuels to produce electricity has led to a surge in the amount of greenhouse gases (GHG) in the atmosphere, which is, in turn, resulting in global warming and the increasing cases of severe respiratory diseases. Therefore, the focus has shifted rapidly to energy efficiency, so that less fossil fuels are burned at power plants and air pollution can be controlled.

P&S Intelligence says that due to these reasons, the insulation market, which generated $52.3 billion in 2017, will reach $101.3 billion by 2025, at an 8.6% CAGR during the forecast period (2018–2025). Insulation prevents heat loss and gain, depending on the requirement. Thus, building insulation is expected to keep them warm in winters and cool in summers. Buildings that are not insulated properly consume more electricity than those that are, as in the former’s case, heating and cooling systems have to work harder to maintain the temperature due to excessive heat loss and gain.

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In fact, a key opportunity for the players in the insulation market is the increasing infrastructure development activities in Mexico, Russia, India, South Africa, Brazil, China, and numerous other emerging economies. This, complemented by the rising concerns regarding GHG emissions from the power sector and surging government focus on energy-efficient buildings, is expected to drive the consumption of insulating materials in these nations. With the booming population and increasing disposable income making these countries increasingly urbanized, the market for insulation will keep growing.

Therefore, with the rising concerns regarding GHG emissions, the energy conservation initiatives being implemented to check the same will drive insulation efforts.

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Why will Methionine Sales Skyrocket in Europe and Asia-Pacific in Future?

The mushrooming requirement for animal feed is pushing up the demand for methionine across the globe. This is because methionine helps in the development and growth of the animals’ digestive tract that plays an important role in increasing their muscle mass. This, in turn, improves the egg production ability of the animals. Due to the surging consumption of eggs and meat, the requirement for animal feed is ballooning rapidly all over the world. 

According to the global poultry trend data, the total poultry meat uptake is predicted to rise by 1.7 kg per person, that is, from 13.2 kg to 14.9 kg from 2013 to 2023. The main factor augmenting the poultry consumption is the soaring population levels throughout the world. Methionine is also increasingly being used in various pharmaceutical applications, on account of its therapeutic advantages in managing and treating pneumonia, copper poisoning, toxic hepatitis, and liver cirrhosis. 

This material is used as a buffering agent in antacids and analgesics for treating the above-mentioned diseases. This is predicted to open up lucrative growth opportunities for the players operating in the industry in the coming years. Due to these factors, the usage of methionine is growing rapidly across the world. This is propelling the growth of the methionine market, with the market value predicted to rise from $5,114.3 million in 2017 to $9,121.9 million by 2023.

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Across the globe, the methionine market will register huge expansion in Europe and Asia-Pacific (APAC) in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This would be because of the existence of several established market players, the rapid modernization of animal husbandry operations, and the ballooning production of livestock, poultry, and pork in the regional countries. The market will also record huge growth in North America in the future years. 

Hence, it can be said with confidence that the demand for methionine would surge across the world in the years to come, mainly because of the growing requirement for animal feed and the extensive utilization of the material in pharmaceutical applications.

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Why Are Coding and Marking Systems Witnessing Rising Sales in Germany?

Being a developed country with a constantly increasing disposable income, Germany is witnessing a rapid rise in the demand for packaged food & beverages. This is driving the consumption of packaging materials in the country, as they are not only supposed to increase the aesthetic appeal of the products but also protect them from external heat and humidity and bacterial and fungal activity. Similarly, another sector where proper packaging is really important is pharmaceutical, because drugs are critical products that are easily damageable by environmental forces.

P&S Intelligence credits the growing demand for packaging materials in the pharmaceutical and food & beverage industries as the key driver for the German coding and marking systems market growth. Compared to $290.6 million in 2017, the sale of such equipment would likely generate $409.4 million in 2023, with the revenue for the players growing at a 5.7% CAGR between 2018 and 2023 (forecast period). This is because the details on the product packaging are printed by these systems; therefore, as the consumption of packaging material rises, so will the usage of coding and marking systems in the nation.

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The most prominent German coding and marking systems market trend is the usage of digital printing. This technology is rapidly replacing conventional printing methods, as the newer technologies require just one liter of ink to produce millions of characters on the packaging, which helps in checking material wastage. Additionally, the inks used for digital printing are quick-drying, thereby speeding up the entire process and making it more efficient and cost-effective. Moreover, a quicker coding and marking process quickens up the entire assembly line, allowing companies to roll out more products.

Hence, as the end-use industries experience growth in Germany, the sales of coding and marking systems will also rise.

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How Will Planar Solid Oxide Fuel Cells Improve Stationary Power Generation?

The rising focus on alternative sources of energy and increasing application of planar solid oxide fuel cells are expected to propel the revenue of the planar solid oxide fuel cell market from $379.9 million in 2015 to $804.9 million by 2022. Due to these factors, the market is expected to demonstrate a CAGR of 11.4% during the forecast period. Additionally, the implementation of strict government laws and regulations regarding greenhouse gas emissions, along with the high energy prices, are adding significantly to the market size.

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Stationary power encompasses any application in which the fuel cells function at a fixed location, such as large-scale systems for backup power, combined heat and power (CHP), or prime power and small systems for micro-combined heat and power (m-CHP), for commercial and residential operations. Additionally, fuel cells offer definitive power backup for telecommunications networks in areas with an underdeveloped power infrastructure. Besides, planar solid oxide fuel cells are increasingly being used in the oil and gas industry.

In the global market, the Asia-Pacific region generated the highest revenue in 2015 due to the large-scale installation of planar solid oxide fuel cells for power backup. APAC nations such as South Korea, China, and Japan have displayed considerable market growth in recent times because of the subsidies provided by their government for the domestic production of fuel cells. Moreover, the increasing demand for such devices from the automotive sector of the region is expected to boost the planar solid oxide fuel cell market growth during the forecast period.

The depletion of fossil fuels has increased the focus on renewable sources of energy, which has, in turn, boosted the deployment of planar solid fuel cells.

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Can Coatings Improve Safety of Packaged Food and Beverages

The growth of the can coatings market is driven by the expanding food and beverage industry and increasing recyclability of cans. Because of these factors, the market is expected to register a CAGR of 3.5% during the forecast period. At this rate, the market is projected to increase its revenue from $2,100.6 million in 2017 to $2,588.9 million by 2023. Additionally, the surging demand for can coatings from developing countries holds great growth opportunity for market players.

The market players, such as Akzo Nobel N.V., Kansai Paint Co. Ltd., TIGER Coatings GmbH & Co. KG, Eastman Chemical Company, National Paints Factories Co. Ltd., The Sherwin-Williams Company, VPL Coatings GmbH & Co KG, PPG Industries Inc., and Toyo Ink SC Holdings Co. Ltd., offer can coatings in the unexplored economies of the Latin America (LATAM), Middle East and Africa (MEA), and Asia-Pacific regions. The coated cans are used in several industries for packaging, transportation, and selling of different products, as they protect the products from outer environmental factors.

During the forecast period, the Asia-Pacific region is expected to demonstrate the fastest growth in can coating consumption, due to the increasing government expenditure on industrial developments, food safety, hygiene, and health in India, South Korea, and China. These coatings are applied in metallic packaging to offer characteristic design, aesthetic appeal, quality, reliability, sustainability, and protection to several products in industries like healthcare, personal care, and food and beverage. Therefore, the development of these industries is projected to boost the demand for can coatings in the region. 

Thus, the expansion of the food and beverage industry and growing awareness regarding health have led to the high consumption of can coatings.

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Tobacco Industry Boosting Indonesian Coding and Marking Systems Market Growth

The growing food and beverage, automotive, and building and construction industries are expected to drive the Indonesian coding and marking systems market at a CAGR of 10.1% during the forecast period. The market generated $27.4 million in 2017, and it is expected to reach $48.7 million by 2023. Coding and marking systems offer product-related details on the packaging, including the manufacturing and expiry dates, price, and batch number, to end users. This, in turn, facilitates the identification and tracking of products through multiple phases of the manufacturing process.

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Additionally, the increasing application of coding and marking technologies in the country’s tobacco industry is expected to propel the Indonesian coding and marking systems market growth during the forecast period. The increasing focus on cleanliness, to enhance the quality of end products, has amplified the demand for sophisticated and modernized coding solutions in the tobacco industry. These new-age technologies increase readability, enhance productivity, and facilitate high-resolution printing for automatic labeling and direct-to-the-box applications.

Some of the leading players in the Indonesian coding and marking systems market are Danaher Corporation, KGK Marking Technologies Group, Linx Printing Technologies, Matthews International Corporation, Domino Printing Sciences plc, Dover Corporation, Koenig & Bauer Coding GmbH, ANSER Coding Inc., PT Samartha Solusi Indonesia, and Hitachi Ltd. These companies are extensively involved in research and development (R&D) to improve the existing technologies and widen their application in the industrial sector. For example, PT Samartha Solusi Indonesia has introduced the Rottweil E-Jet 455B continuous inkjet printer for industrial coding and marking.

Thus, the increasing emphasis on technological enhancements has widened the application base of coding and marking systems in Indonesia.

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