The Western European Agricultural Machinery Market Is Driven By Increasing Labor Cost

In 2021, The Western European agricultural machinery market was worth around USD 37,189.4 million, and the market value will be progressing at a rate of 3.4% from 2022–2030. Moreover, the Central European agricultural machinery market was worth around USD 12,489.2 million in 2021, and the market value will be progressing at a rate of 4.3% from 2022–2030, as per P&S Intelligence.

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The major reasons behind the growth of the market are the high cost of farm automation, the increasing price of farm labor, the booming popularity of agricultural machinery, and progressing technology.

In Europe, farming has long been a labor-intensive. Though, as people are migrating to urban regions, the employment cost in this sector has fallen over time. Agriculturalists are progressively utilizing agricultural technology to swap with manual labor, as agricultural technology is a more lucrative, always obtainable, and effective way of agriculture.

The tractor category held the largest market share of approximately 40%, in 2021, as tractors enable agriculturalists to work on larger land areas and pull heavy machines.

Germany has been a pioneer of the farming industry, which is why it is the largest nation in the Western European agricultural machinery market, generating approximately 40% revenue share in 2021.

This agricultural technology has the potential to efficiently address the problem of food shortage. It enables for more effective use of resources including, seeds, fertilizers, water, and agricultural equipment, thus ensuing in a higher crop amount and quality.

Hence, the high cost of farm automation, the growing price of farm labor, the increasing popularity of agricultural machinery, and progressing technology are the major reasons propelling the agricultural machinery industry in Western and Central Europe.

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Residential Housing Lead Europe Construction Equipment and Material Handling Machinery Industry

In various nations in Europe, governing organization is rapidly investing in the growth of commercial places, road infrastructure, and railways infrastructure. For example, the European Commission is planning to spend around USD 340 billion in 2027 on digital, climate, and infrastructure projects. 

Therefore, the market for Europe Construction equipment and material handling machinery is on track to hitting USD 75,436.3 million in 2030, as per a report by P&S Intelligence. 

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This growth of the industry is attributed to the surging labor price in the construction industry, surging need for offsite and modular buildings, increasing spending on infrastructure, and the fast expansion of smart cities in the region.

In the European market, the need for electric construction equipment is rapidly emerging at the higher rate. For example, in France, the construction industry holds about 44% of the energy use and around 25% of the nation’s CO2 emissions stated by the French Ministry of Ecological and Inclusive Transition.

Residential housing is the largest user, with a share of above 40%, in the industry. In Europe, the requirement for economic housing is frequently growing and government organizations are rapidly applying procedures to tackle the demand from the population. 

In European Union member states, the rate of VAT decreasing for the construction or purchase of a new house is normally applied. For example, in the U.K., people can able to buy a new home at a 30% discount in their community, according to the First Homes Scheme. 

Investments in European Infrastructure Are Growing

In Europe, there are the 5 biggest hospital construction projects were started, in November 2021: 

(i) In Belgium, the Hospitacite Hospital Complex renovation is valued at around USD 493 million, which is placed on 10 hectares of land.  

(ii) In Germany, the Lörrach Central Hospital Campus expansion is worth USD 418 million, and has a ground area of 47,000 m2. 

(iii) In Italy, Galliera Hospital Project includes the building of a 73,400 m2, 400-bed hospital for USD 185 million. 

(iv) In Spain, Albacete University Hospital Complex is valued at USD 170 million, and it has a gross floor area of 76,000 m2. 

(v) In Poland, Grunwald Central Integrated Clinical Hospital is valued at USD 158 million, and it accounts for an area of 45000 m2.

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How Do Eco-Friendly Low VOC Adhesives Provide Opportunities to Industry Players?

VOCs include a group of chemicals found in adhesives. These chemicals pose a health threat and also cause air pollution such as smog. 

The low VOC adhesives industry has garnered $47.6 billion in 2021, and it is projected to generate $81.1 billion, advancing at a rate of 6.1% in the coming years.

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Over the last few decades, the consumption of adhesives has increased in the construction sector. They are widely utilized in furniture assembly, upholstery, carpeting, flooring, crating, and packaging. The construction of several homes involves around a half-ton of glue. 

Due to growing awareness of the potential drawbacks of VOC-containing adhesives, the demand for safer and eco-friendlier alternatives is growing. Therefore, environmentally friendly low-VOC adhesives are introduced in the industry. 

The Camie 573 and Camie 500 mist sprays are such examples, as they have less than 30% VOC content. There are several other low VOC adhesives offered in the market, which are highly safe as they can be applied on several surfaces only. 

The stringent government regulations encourage manufacturers to introduce environmentally friendly adhesives. Industry leaders are focusing on launching products that meet the standard regulations. The low VOC adhesives are such eco-friendly solutions. 

Numerous companies have developed low VOC adhesives which are safe for both public and the environment, as well as ensure high performance. The eco-friendly and sustainable adhesives provide opportunities to manufacturing companies operating in the industry, due to implementation of the stringent regulations for low carbon emissions. 

Moreover, the advent of advanced low VOC adhesives in various industries, such as building and construction, automotive and transportation, and paper and packaging provides an opportunity for industry players. 

Furthermore, the companies operating in the industry are focusing on launching new products and establishing manufacturing facilities to stay ahead of their competitors. 

For instance;

Toyochem Co. Ltd., the subsidiary of the Tokyo Ink Group of Japan, launched Oribain EXK 21-046, a new low-odor, low-VOC acrylic pressure-sensitive adhesive in March 2022, for its usage in enclosed spaces including building interiors and vehicles. 

Sika announced to set up of a new technology center and manufacturing facility for producing high-quality adhesives and sealants, in Pune, India, in December 2021. 

The key players operating in the industry are:

1- 3M

2- H.B. Fuller Company

3- Pidilite Industries Ltd.

4- Wacker Chemie AG

5- PPG Industries Inc.

6- Bostik

7- Sika Services AG

8- Huntsman Corporation

9- Ashland Global Holdings Inc. 

The market outlook is positive, as there are only a few low VOC adhesives industry players that offer such an eco-friendly adhesive solution that does not compromise performance. Due to such technologies and methods, more amazing products can be introduced in the market. 

Therefore, the stringent government regulations to control carbon emissions, and rising consumption of low VOC adhesives in the construction sector are projected to propel the industry growth. 

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5 Tips for Picking the Best Underfloor Heating

Underfloor heating is the embodiment of extravagance. With heat radiating under your feet, is there any improved way to heat your home?

Choosing the correct installation approach

Technology is altering how numerous components are used in underfloor heating systems, along with the best methods for installation of the system.

A water underfloor heating system operates through the hot water in the pipes which are placed on the subfloor. At a time, the solution would be to sink the pipes into the sub-floor and add a screed or concrete layer over the top for acting as a protective casing and a stable surface onto which you placed floor covering.

Choose the most effective system

Underfloor heating is best when installed in homes with the highest level of insulation. Although it works at a lesser temperature than a central heating system, it still gives the same comfort.

The underfloor heating kit beneath your feet heats the complete floor area but radiators, make the air warm. This circulates in the room, falling back upon cooling. This means that dust is also circulated around also, which is not good for allergy sufferers.

Can be utilized with substitute energy sources

If you mount underfloor heating, you will also look at insulation measures for improving your home. You might also consider alternative energy sources like solar panels, ground source heat pumps, air or water source heat pumps, etc.

All these works fine with underfloor heating. Heat pumps are most efficient at low-water-output temperatures. This makes air, water, or ground pumps and underfloor heating an ideal combination.

Wet underfloor systems are an economical option

Electric systems are easier and faster to install, but they can be expensive to operate unless electricity is through solar panels or other non- Grid means.

The exquisiteness of underfloor heating, whichever system is chosen, can be zoned, with the capability to control the heat in distinct areas. They are perfect for when working in the office, but there is nobody in the lounge, bump up the temperature in office, but reduce it somewhere else in your home.

And, as there is no necessity for radiators, smaller rooms that were flooded by a radiator on the wall or had no heat source, will benefit immensely from underfloor heating.

Choose a trustworthy supplier

Some producers assure their piping of the underfloor heating systems for nearly five decades, and you will also be required to certify warranties and guarantees on other components of the system.

In general, underfloor heating kits offer the finest systems. You can install the system manually, as comprehensive instructions are there, or, a professional underfloor heating installation corporation will ensure the right system, is picture-perfect for your home.

You have received enough info about the fact why underfloor heating systems are perhaps the finest solutions for heating, and that is the key reason for the skyrocketing demand for the same, and the value will reach over 7,945 million by 2030 across the globe. 

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Construction and Building Application of PCMs Propel Phase Change Materials Industry

In 2021, the global phase change materials market size stood at USD 1,775.5 million, which is projected to witness a 16.8% CAGR during 2021–2030, reaching USD 7,206.2 million by 2030 as per P&S Intelligence. This is mainly credited to the increasing development in the packaging and construction sector and the growing focus on eco-friendly buildings.

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In 2021, the building and construction category held the largest market share of approximately 35% and is projected to grow at a CAGR of above 16% in the coming years. As the need for houses with low cooling and heating loads has amplified, building envelope technologies are improving at a moderate pace.

The acceptance of advanced building materials with active thermal elements, including PCMs, is the decisive step in realizing large energy savings. For the past 40 years, PCMs have been calculated as a thermal mass component in buildings, and the majority of studies have decided that PCMs advance building energy performance.

The cold chain and packaging category is set to experience the highest CAGR, of above 17%, in the next few years in the phase change materials market.  This growth can be ascribed to the surge in PCM's need to maintain accurate temperatures across the supply chain with dropping carbon emissions.

In 2021, the European industry for PCMs had the highest revenue share, at approximately 40%. This lean toward the acceptance of environmental materials is projected to fuel the PCM market in the region.

European regulatory associations took a number of steps to advance and promote well-organized building mechanical solutions and increase awareness regarding PCM applications.

Thus, increasing development in the packaging and construction sector and a growing focus on eco-friendly buildings will definetly propel the phase change materials industry in the future as well. 

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North America Dominates the Global Green & Bio-Solvents Industry

The total size of the green & bio-solvents market was USD 3,128.5 million in the past, and it will propel at 6.1% CAGR in the years to come, to reach USD 5,322.2 million by 2030, as per P&S Intelligence. The industry development is credited to the and environmental and health concerns related to synthetic solvents.

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Paints & coatings dominated the industry in the past, with around USD 1.2 billion. This has a lot to do with the rapid population and economic growth and the subsequent boom in the automotive and construction industries, which are main customers of paints & coatings. This, in turn, will increase the need for eco-friendly solvents in the years to come.

North America had the largest revenue share of the green & bio-solvents market, and it will generate revenue of USD 2.0 billion in 2030, registering a growth rate in excess of 6% by the end of this decade.

The existence of key manufacturers, along with the increasing requirement for environment-friendly solvents, will have a momentous impact on the bio-based solvent requirements of the region in the coming years.

Moreover, Europe followed North America in terms of revenue in the past. The requirement for these materials will experience a considerable progress in the years to come, because of the technological advancements for meeting the stringent rules on amount of VOCs in solvents.

It is because of the rapid economic and population growth and the development in the construction and automotive industries, the demand for green and bio-solvents is increasing all over the world.

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How Does Internet Penetration Fuels Requirement for Immersion Cooling?

The immersion cooling industry has generated $258.6 million revenue, and it is projected to capture $1,855.1 million revenue in 2030, rising at a rate of 24.5% from 2021 to 2030.

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The rising penetration of data centers, large amounts of data generation, and quick usage of cloud services are major factors to propel the industry growth. Furthermore, the burgeoning internet users, growing smartphone penetration, increasing usage of social media, and growing focus of organizations to shift from server room environments to data centers are major industry drivers.

The single-phase category holds a larger industry share, of approx. 70%. It is attributed to various benefits provided by this technique to users. For instance, single-phase immersion cooling systems are energy efficient, easy to use, cost-efficient, and possess low-maintenance costs with an average life of 15 years. All such factors, fuel the demand for immersion cooling systems in data centers. It is substantially higher and hence leads the industry.

The data center infrastructure and IT equipment are experiencing a major rise in temperature due to the growing adoption of advanced technologies. Data centers are focusing on strategic methods to keep the equipment cool with reduced environmental impact and enhance computing capacity. 

North America holds the largest industry share, of 40%. It is ascribed to major investments in research & development in the region and results in the development of highly efficient and technologically advanced next-generation facilities for power administration. 

Therefore, high volumetric data generation propels the immersion cooling industry.

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