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Pune, April 27, 2021 (GLOBE NEWSWIRE) -- The global fault current controller market is growing rapidly. The market growth attributes to growing concerns over the reliable power supply. Moreover, the demand for intelligent and modernized power grid infrastructure creates significant growth opportunities for the fault current limiter industry. Power faults in industrial automation equipment can cause a wrench into productivity and profitability plans, creating most equipment-related failures. Therefore, fault current limiters become crucial for maintaining proper circuit protection with highly integrated ICs, preventing these faults and bolstering industrial equipment uptime. Modern fault current limiters demonstrate improved reliability for next-generation production lines. Resultantly, the global market for fault current limiters is projected to gain significant traction in the years to come. According to Market Research Future (MRFR), the global fault current limiter market is projected to reach USD 8.12 BN by 2027, registering over 8.16% CAGR during the review period (2020-2027) Other factors propelling the market growth include constant demand for reliable energy supply and paramount concern of disruptive supply conditions in the developing economies. Stringent regulations and initiatives of government worldwide foster market growth, promoting the adoption of these systems in the major end-use industries. Conversely, the high production and maintenance costs associated with fault current limiters act as major headwinds for the market's growth. Nevertheless, future technological advances would support the market growth throughout the assessment period, presenting economical manufacturing techniques that can reduce the overall selling cost of these systems. Get Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/8287 Fault Current Limiter Market – Segments The fault current limiter market analysis is segmented into type, voltage range, end-use, and regions. The type segment is sub-segmented into superconducting and non-superconducting. Of these, the superconducting segment holds the largest market share due to its various benefits, including reduced replacement cost and compact size. The voltage range segment is sub-segmented into high, medium, and low. Among these, the high voltage segment holds the largest market share and is estimated to increase at the highest CAGR over the review period. The end-user segment is sub-segmented into power stations, oil & gas, automotive, steel & aluminum, paper mills, and chemicals. Among these, the power station segment holds the largest market share as the superconducting fault current limiter significantly increases the safety, reliability, and availability of electrical systems in power stations. Simultaneously, chemical, power stations, and automotive industries account for the fastest-growing end-user segments in fault current limiter market. The region segment is sub-segmented into the Americas, Europe, APAC, and the Rest-of-the-World. Browse In-depth Market Research Report (111 pages) on Fault Current Controller: https://www.marketresearchfuture.com/reports/fault-current-limiter-market-8287 Global Fault Current Limiter Market – Regional Analysis The Asia Pacific region dominates the global fault current limiter market. The largest market growth attributes to the increasing interconnection of electric utility grids in emerging economies. Besides, the rapid expansion of Transmission & Distribution (T&D) systems positively impacts the growth of the regional market. Countries like China, Japan, and India are emerging as considerable markets for fault current limiters. North America derives the second-largest share in the global fault current limiter market, attributing to the increased energy efficiency and low maintenance costs of these limiters. Additionally, the integrated digital utility transformation helps to reinvent by leveraging mobility, analytics, and cloud technologies. The North American fault current limiter market is expected to register a significant CAGR during the forecast period. Fault Current Limiter Market - Competitive Analysis The market appears highly competitive and fragmented, with many large players forming a competitive landscape. Industry players make considerable investments locally and in emerging countries to expand their global footprints and distribution & supply chain networks. Obtaining strong financial support is the sole strategy of these players to maintain their market positions. Device manufacturers strive to minimize production costs by adopting cost-effective techniques. Major Players: Players active in the fault current limiter market are Siemens (Germany), ABB (Switzerland), Gridon (Israel), Superconductor Technologies Inc. (US), Superpower Inc. (US), Rongxin Power Electronic Co.Ltd. (China), American Superconductor Corporation (US), Applied Materials (US), Alstom (France), Nexans (France), and Zenergy Power Electric Co. (US), among others. Share Your Queries https://www.marketresearchfuture.com/enquiry/8287 Industry/Innovation/Related News: Nov. 28, 2020 – Qatar General Electricity and Water Corporation (Kahramaa) showcased its energy expertise at GCC Power 2020 conference, organized by GCC CIGRE, presenting two working papers on the partial discharge v/s noises in online GIS Partial Discharge Monitoring Systems. During the conference, the company also demonstrated techniques for onsite repair of mega transformers and the most prominent challenges & solutions in these two fields. Additionally, Kahramaa presented a working paper on enhancing transient stability of interconnected power systems using a resistive superconducting fault current limiter. Discover More Research Reports on Energy and Power Industry, By Market Research Future Browse Related Reports: Global UPS Battery Market Information Report by Battery type (Lead Acid, Nickel Cadmium, Li-ion, and Others), by Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), by Application (Residential, Commercial, Data center, and Industrial), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Forecast till 2027 Global Battery Analyzer Market Information Report by Type (Stationary and Portable), by Battery Type (Lithium-ion battery, Nickel-Cadmium battery, and Lead acid battery), by End-use Industry (Automotive, IT & Telecom, Healthcare, Aviation & Defense, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) and Forecast till 2027 Global Grid Connected PV Systems Market Information Report by Components (Solar Panels, Power Conditioning Unit, Grid Connection Equipment, Inverters, and Others), by Technology (Thin Film, Crystalline Silicon, and Others), by Grid Type (Grid Connected, Centralized, and Decentralized), by Application (Residential, Commercial, Utility, and Industrial), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast till 2027 Global Gel Battery Market Research Report: Information By Type (2V, 6V and 12V), (Electric Mobility, Energy Storage & Distribution, Telecommunication and others) and Region (North America, Asia-Pacific, Europe, Middle East & Africa and South America) - Forecast till 2027 Global Remote Renewable Management Systems Market Research Report: Information By Component (Hardware, Software, Services), End Use (Residential, Wastewater Treatment, Agricultural, Healthcare, Others) and Region (North America, South America, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027 Global Power Tool Battery Market Research Report: Information By Type (Nickel-cadmium, Nickel-Metal Hydride and Lithium-ion), Tools (Drills, Saws, Lawn Mower, Impact Wrench and others), Application (Residential, Commercial and Industrial and Region - Forecast till 2027 Global Captive Power Generation Market Research Report: Information By Technology (Heat Exchangers, Turbines, Gas Engines, Transformers, Others), Fuel (Diesel, Gas, Coal, Others), Ownership (Single Ownership and Multiple Ownership), Connectivity (Off-Grid and On-Grid), End Use (Industrial, Commercial, Residential) and Region (North America, South America, Europe, Asia- Pacific and Middle East & Africa) - Forecast till 2027 Global Wind Turbine Services Market Research Report: Information By Type (Original Equipment Manufacturer (OEM), Independent Service Provider (ISP) and In-House), Application (Onshore and Offshore) and Region (North America, South America, Europe, Asia- Pacific and Middle East & Africa) - Forecast till 2027 Global Solar Encapsulation Market Research Report: Information By Technology (Thin-Film Solar Technology, Cadmium Telluride (CDTE), {Copper Indium Gallium Selenide (CIGS) and Amorphous Silicon (A-SI)} and Polycrystalline Silicon), Material (Ethylene Vinyl Acetate, Polydimethylsiloxane, Ionomers, Polyvinyl Butyral and Others {Thermoplastic Polyurethane (TPU) and Polyolefin}), End-Use (Automotive, Electronics, Construction and Others) and Region (North America, South America, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027 Global Fire Rated Ducts Market Research Report: Information By Material (Steel, Aluminum, Fiberglass, Polymers and others), Shape (Round, Half Round, Rectangular, Triangular and Others), Penetration (Wall, Decks, Floor and Others), Service (Core Drilling, Seals, Duct Installation and Others), Application (Public Facilities, Commercial Facilities, Industrial Facilities and Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027 About Market Research Future: Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. Follow Us: LinkedIn | Twitter Contact: Market Research Future Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] Website: https://www.marketresearchfuture.com

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Pune, April 28, 2021 (GLOBE NEWSWIRE) -- The global pallet racking market is growing at a rapid pace, mainly due to the rising demand for efficient warehouse storage systems. The storage systems provide comprehensive intra-logistics solutions for supermarkets and jumbo retailers. Due to the rapidly growing eCommerce sectors worldwide, there is a huge demand for adjustable pallet racking and drive-in racking systems equipped with a high storage capacity. Besides, large grocery stores with different temperature storage zones that need heavy-duty shelving racks adapted to the type of product stored, such as temperature-sensitive frozen products, substantiate the market size. The market growth is directly related to the rising landscape of international trades and the global economy. Therefore, the market is forecasted to witness significant traction in the years to come. In this regard, the leading research firm Market Research Future (MRFR), states that the global pallet racking market is projected to grow at a 7.8% CAGR during the forecast period (2020-2027). The global supply chain is changing continually, which augments the demand for integrated warehousing solutions, material handling, packaging, and transportation to streamline operations in the long run. Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/8332 Favorable government trade policies provide significant expansion opportunities to the existing vendors, increasing the demand for logistic services. Simultaneously, economic reforms and government initiatives to strengthen manufacturing sectors attract vast investments. Additionally, developments of transport and logistics-related infrastructures, such as dedicated freight corridors, increase the market share. COVID-19 Impact The COVID-19 outbreak severely hit the pallet racking market industry, causing huge revenue losses to end-user industries. Also, the coronavirus-driven lockdown halted trades within the domestic and international market. However, the pallet racking market soon returned to normal, witnessing the steadily increasing demand, especially from the eCommerce sectors. High-density, deep lane racking and a pallet shuttle system offer many benefits in space and fulfillment efficiencies for warehouse operators. Therefore, the demand for improved pallet shuttle systems with lift trucks, automated de-spacing, pallet wrapping stations, and conveyors is escalating. The pallet shuttle creates additional capacity and pallet positions while also helping store and pick products faster. Industry Trends Policy reforms that have improved the business landscape and ease of doing business contribute to the market growth. Moreover, rapid globalization, alongside the growing population and changing consumption patterns, has increased import-export activities in countries worldwide. The rise of e-commerce over recent years has further boosted transportation revenues. There has been considerable growth across the supply and value chain as a whole. Vast developments in logistic infrastructures are expected to continue till 2027. Automation in supply chains and transportation and logistics industries has become a prevalent trend. Strategic partnerships, especially between new suppliers & competitors and policy reforms, alongside the increasing consumerism, increase the complexity of the already fragmented supply chains. Logistic leaders adapt changing landscape by improving collaboration skills, equipping their teams with appropriate insights and eliminating existing system-wide silos. Pallet racking provides access to a broad array of products and reduces supply chain waste and expenses, delivering quality customer service with premium care. Browse In-depth Market Research Report (110 pages) on Pallet Racking https://www.marketresearchfuture.com/reports/pallet-racking-market-8332 Segmentation: The pallet racking market analysis is segmented into system type, racking system type, frame load capacity, end-use industry, and region. The system type segment is sub-segmented into conventional, mobile racking, shuttle racking, and hybrid/customized racking. Among these, the hybrid/customized racking segment accounts for the largest market share due to its multiple applications of customized racking in almost all small-scale and large-scale warehouses. The racking system type segment is sub-segmented into cantilever, selective, push back racking, drive-in racking, pallet flow racking, carton flow racking, and others. Among these, the selective racking segment accounts for the largest market share as this racking system offers wide access to every location, giving users flexibility in storage and product retrieval. Additionally, its low installation cost and benefits in space utilization boost the size of the segment. The frame load capacity segment is sub-segmented into Up to 5 Ton, 5–15 Ton, and above 15 Tons. The end-use industry segment is sub-segmented into automotive, food & beverage, retail, manufacturing, warehouse & logistics, and others. Among these, the warehouse & logistics segment accounts for the largest market share owing to the growing e-commerce logistics market. The region segment is sub-segmented into the Americas, Europe, Asia Pacific, and rest-of-the-world. Regional Analysis Asia Pacific dominates the global pallet racking market due to the increasing numbers of e-trailers and growing eCommerce markets in the region. Besides, the strong presence of major pallet racks providers and the rise in transportation and logistics infrastructure development boost the region’s market share. Rapid industrialization in China, India, and other emerging economies in the region creates significant growth opportunities. The APAC pallet racking market is projected to retain its dominance throughout the assessment period. North America accounts for the second-largest market for pallet racking, heading with the increasing trade activities between the region and most European and APAC countries. Additionally, the growing demand from the burgeoning transportation and logistics (TPL) industries and eCommerce sectors drives the market demand. The US, with its largest import-export sector, dominates the regional market. Moreover, vast investments for developments and upgrades in the pallet racking industry increase the region’s market share. The North American pallet racking market is anticipated to witness the fastest growth during the forecast period. The European pallet racking market has emerged as a profitable market globally. Increased demand for foreign goods has strengthened the trade relations of the region. Furthermore, the vast adoption of pallet racking solutions for storage in industrial goods sectors in the region increases the market share. Growing e-commerce businesses and manufacturing sectors in the region boost the growth of the market. Share Your Queries: https://www.marketresearchfuture.com/enquiry/8332 Competitive Analysis The pallet racking market is witnesses several strategic approaches, such as mergers & acquisitions, collaboration, expansion, and product launches. Matured industry players make strategic investments in research and development activities and foster their expansion plans. For instance, recently, on Mar.09, 2021, Great Bear, a leading logistics service provider and part of Culina Group, announced its partnership with AR storage solutions for pallet racking & warehousing services. The partnership would add new pallet racking and reconfigure its 215, 278 sq. ft. warehouse in Nottingham. AR Racking would add new adjustable pallet racking and reconfigure the company’s warehouse, resulting in an overall storage capacity for 17,400 pallets. The installation of adjustable pallet racking also has a number of mesh deck panels and individually adjustable mesh dividers to create many low-level pick locations for Great Bear. Key players involved in the market are Ridg-U-Rak (US), Elite Storage Solutions (US), Averys (France), Daifuku (Japan), AR Racking (Spain), SSI SCHAEFER (US), Mecalux (Spain), Hannibal Industries (US), KION Group (Germany), Advance Storage Products (US), Steel King (US), and Unarco Material Handling (US), among others. Discover More Research Reports on Packaging & Transport Industry, By Market Research Future Browse Related Reports: Global Truck Mounted Crane Market Research Report: Information By Type (Mounted Cranes, Sidelift Cranes, Boom Truck Cranes and Others), Application (Construction, Utilities, Industries and Others) and Region - Forecast till 2026 Global Insulated Shipping Packaging Market Research Report: by Product (Boxes and Containers), Application (Food & Beverages, Industrial Goods, Personal Care and Others), Material (Plastic, Wood, Glass and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2026 Hazardous Goods Logistics Market Research Report: by Service (Transportation, Warehousing and Distribution and Value-added Services), by Destination (Domestic and International) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2026 Global Dispensing Pharmacy Packaging Machine Market Research Report: Information by Product Type (Fully Automatic, Semi-Automatic), Speed (Low Speed, Standard Speed, High Speed), Function (Filling, Wrapping, Mixing & Split, others) and Region (North America, Asia-Pacific, Europe, Middle East & Africa and South America) - Forecast till 2025 Global Labeling Equipment Market Research Report: Information by Product Type (Pressure Sensitive/Self-Adhesive Labelers, Glue-Based Labelers, Sleeve Labelers and others), Technology (Automatic, Semi-Automatic and Manual), End-Use (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics & Personal Care, Chemicals and others) and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) - Forecast till 2025 Global Snack food Packaging Market Research Report: Information by Packaging Type (flexible packaging and rigid packaging), Material (plastic, paper, metal, and others), Application (bakery snacks, candy & confections, savory snacks, nuts & dried fruits and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025 Global Freight and Logistics Market Research Report: by Shipping Type (Airways, Railways, Roadways, and Waterways), Service (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom Clearance and other), End-Use Industry (Energy & Utilities, Trade and Transportation, Government and Public Utilities, Healthcare, Manufacturing & Construction, Retail, Media and Entertainment, Banking and Financial Services and Telecommunication & Information Technology and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025 Global Corrugated Handle Box Market Research Report: Information by Material (Kraft Paper, Containerboard, Corrugated Board, Recycled Paper and Molded Fiber Pulp and others), Capacity (0–5 KG, 5–25 KG, 25–50 KG and Above 50 KG), End User (Agriculture, Chemical Industry, Food and Beverages, Pharmaceuticals, Personal Care, Retail Industry and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025 Global PET Lidding Films Market: Information by Product type (Dual-ovenable lidding films, Specialty lidding films, High barrier lidding films, Breathable lidding films and Resealable/reclosable films), Application (Trays, Cups, Jars & bottles, and others), End-use (Pharmaceutical, Personal Care & Cosmetics, Food & Beverage and others ) and Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast to 2025 Global Dunnage Packaging Market Research Report: Information by Material Type (Corrugated Plastics, Molded Plastics, Aluminum, Steel, Fabric Dunnage, Corrugated Paper, Wood, Foams and others), End-Use Industry (Automotive, Aerospace, Electronics, Food & Beverages, Consumer Goods and Healthcare) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025 Global Recyclable Packaging Market Research Report: Information by Material Type (Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastic and Recycled Papers), Packaging Type (Paper & Cardboard, Void Fill Packing, Bubble Wrap and Pouches & Envelopes), End-Use Industry (Healthcare Industry, Personal Care & Cosmetics Industry and Food & Beverages Industry) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025 Global Fiber Drum Market Research Report: Information by Closure (Metal Closure, Plastic Closure and Fiber/Cardboard Closure), Capacity (Up to 25 Gallons, 26–50 Gallons, 51–75 Gallons and Above 75 Gallons), End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, Building and Construction and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025 About Market Research Future: Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. Follow Us: LinkedIn | Twitter Contact: Market Research Future (MRFR) Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] Website: https://www.marketresearchfuture.com

Pune, April 28, 2021 (GLOBE NEWSWIRE) — The global pallet racking market is growing at a rapid pace, mainly due to the rising demand for efficient warehouse storage systems. The storage systems provide comprehensive intra-logistics solutions for supermarkets and jumbo retailers. Due to the rapidly growing eCommerce sectors worldwide, there is a huge demand for adjustable pallet racking and drive-in racking systems equipped with a high storage capacity. Besides, large grocery stores with different temperature storage zones that need heavy-duty shelving racks adapted to the type of product stored, such as temperature-sensitive frozen products, substantiate the market size. The market growth is directly related to the rising landscape of international trades and the global economy. Therefore, the market is forecasted to witness significant traction in the years to come. In this regard, the leading research firm Market Research Future (MRFR), states that the global pallet racking market is projected to grow at a 7.8% CAGR during the forecast period (2020-2027). The global supply chain is changing continually, which augments the demand for integrated warehousing solutions, material handling, packaging, and transportation to streamline operations in the long run. Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/8332 Favorable government trade policies provide significant expansion opportunities to the existing vendors, increasing the demand for logistic services. Simultaneously, economic reforms and government initiatives to strengthen manufacturing sectors attract vast investments. Additionally, developments of transport and logistics-related infrastructures, such as dedicated freight corridors, increase the market share. COVID-19 Impact The COVID-19 outbreak severely hit the pallet racking market industry, causing huge revenue losses to end-user industries. Also, the coronavirus-driven lockdown halted trades within the domestic and international market. However, the pallet racking market soon returned to normal, witnessing the steadily increasing demand, especially from the eCommerce sectors. High-density, deep lane racking and a pallet shuttle system offer many benefits in space and fulfillment efficiencies for warehouse operators. Therefore, the demand for improved pallet shuttle systems with lift trucks, automated de-spacing, pallet wrapping stations, and conveyors is escalating. The pallet shuttle creates additional capacity and pallet positions while also helping store and pick products faster. Industry Trends Policy reforms that have improved the business landscape and ease of doing business contribute to the market growth. Moreover, rapid globalization, alongside the growing population and changing consumption patterns, has increased import-export activities in countries worldwide. The rise of e-commerce over recent years has further boosted transportation revenues. There has been considerable growth across the supply and value chain as a whole. Vast developments in logistic infrastructures are expected to continue till 2027. Automation in supply chains and transportation and logistics industries has become a prevalent trend. Strategic partnerships, especially between new suppliers & competitors and policy reforms, alongside the increasing consumerism, increase the complexity of the already fragmented supply chains. Logistic leaders adapt changing landscape by improving collaboration skills, equipping their teams with appropriate insights and eliminating existing system-wide silos. Pallet racking provides access to a broad array of products and reduces supply chain waste and expenses, delivering quality customer service with premium care. Browse In-depth Market Research Report (110 pages) on Pallet Racking https://www.marketresearchfuture.com/reports/pallet-racking-market-8332 Segmentation: The pallet racking market analysis is segmented into system type, racking system type, frame load capacity, end-use industry, and region. The system type segment is sub-segmented into conventional, mobile racking, shuttle racking, and hybrid/customized racking. Among these, the hybrid/customized racking segment accounts for the largest market share due to its multiple applications of customized racking in almost all small-scale and large-scale warehouses. The racking system type segment is sub-segmented into cantilever, selective, push back racking, drive-in racking, pallet flow racking, carton flow racking, and others. Among these, the selective racking segment accounts for the largest market share as this racking system offers wide access to every location, giving users flexibility in storage and product retrieval. Additionally, its low installation cost and benefits in space utilization boost the size of the segment. The frame load capacity segment is sub-segmented into Up to 5 Ton, 5–15 Ton, and above 15 Tons. The end-use industry segment is sub-segmented into automotive, food & beverage, retail, manufacturing, warehouse & logistics, and others. Among these, the warehouse & logistics segment accounts for the largest market share owing to the growing e-commerce logistics market. The region segment is sub-segmented into the Americas, Europe, Asia Pacific, and rest-of-the-world. Regional Analysis Asia Pacific dominates the global pallet racking market due to the increasing numbers of e-trailers and growing eCommerce markets in the region. Besides, the strong presence of major pallet racks providers and the rise in transportation and logistics infrastructure development boost the region’s market share. Rapid industrialization in China, India, and other emerging economies in the region creates significant growth opportunities. The APAC pallet racking market is projected to retain its dominance throughout the assessment period. North America accounts for the second-largest market for pallet racking, heading with the increasing trade activities between the region and most European and APAC countries. Additionally, the growing demand from the burgeoning transportation and logistics (TPL) industries and eCommerce sectors drives the market demand. The US, with its largest import-export sector, dominates the regional market. Moreover, vast investments for developments and upgrades in the pallet racking industry increase the region’s market share. The North American pallet racking market is anticipated to witness the fastest growth during the forecast period. The European pallet racking market has emerged as a profitable market globally. Increased demand for foreign goods has strengthened the trade relations of the region. Furthermore, the vast adoption of pallet racking solutions for storage in industrial goods sectors in the region increases the market share. Growing e-commerce businesses and manufacturing sectors in the region boost the growth of the market. Share Your Queries: https://www.marketresearchfuture.com/enquiry/8332 Competitive Analysis The pallet racking market is witnesses several strategic approaches, such as mergers & acquisitions, collaboration, expansion, and product launches. Matured industry players make strategic investments in research and development activities and foster their expansion plans. For instance, recently, on Mar.09, 2021, Great Bear, a leading logistics service provider and part of Culina Group, announced its partnership with AR storage solutions for pallet racking & warehousing services. The partnership would add new pallet racking and reconfigure its 215, 278 sq. ft. warehouse in Nottingham. AR Racking would add new adjustable pallet racking and reconfigure the company’s warehouse, resulting in an overall storage capacity for 17,400 pallets. The installation of adjustable pallet racking also has a number of mesh deck panels and individually adjustable mesh dividers to create many low-level pick locations for Great Bear. Key players involved in the market are Ridg-U-Rak (US), Elite Storage Solutions (US), Averys (France), Daifuku (Japan), AR Racking (Spain), SSI SCHAEFER (US), Mecalux (Spain), Hannibal Industries (US), KION Group (Germany), Advance Storage Products (US), Steel King (US), and Unarco Material Handling (US), among others. Discover More Research Reports on Packaging & Transport Industry, By Market Research Future Browse Related Reports: Global Truck Mounted Crane Market Research Report: Information By Type (Mounted Cranes, Sidelift Cranes, Boom Truck Cranes and Others), Application (Construction, Utilities, Industries and Others) and Region – Forecast till 2026 Global Insulated Shipping Packaging Market Research Report: by Product (Boxes and Containers), Application (Food & Beverages, Industrial Goods, Personal Care and Others), Material (Plastic, Wood, Glass and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2026 Hazardous Goods Logistics Market Research Report: by Service (Transportation, Warehousing and Distribution and Value-added Services), by Destination (Domestic and International) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2026 Global Dispensing Pharmacy Packaging Machine Market Research Report: Information by Product Type (Fully Automatic, Semi-Automatic), Speed (Low Speed, Standard Speed, High Speed), Function (Filling, Wrapping, Mixing & Split, others) and Region (North America, Asia-Pacific, Europe, Middle East & Africa and South America) – Forecast till 2025 Global Labeling Equipment Market Research Report: Information by Product Type (Pressure Sensitive/Self-Adhesive Labelers, Glue-Based Labelers, Sleeve Labelers and others), Technology (Automatic, Semi-Automatic and Manual), End-Use (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics & Personal Care, Chemicals and others) and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) – Forecast till 2025 Global Snack food Packaging Market Research Report: Information by Packaging Type (flexible packaging and rigid packaging), Material (plastic, paper, metal, and others), Application (bakery snacks, candy & confections, savory snacks, nuts & dried fruits and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025 Global Freight and Logistics Market Research Report: by Shipping Type (Airways, Railways, Roadways, and Waterways), Service (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom Clearance and other), End-Use Industry (Energy & Utilities, Trade and Transportation, Government and Public Utilities, Healthcare, Manufacturing & Construction, Retail, Media and Entertainment, Banking and Financial Services and Telecommunication & Information Technology and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025 Global Corrugated Handle Box Market Research Report: Information by Material (Kraft Paper, Containerboard, Corrugated Board, Recycled Paper and Molded Fiber Pulp and others), Capacity (0–5 KG, 5–25 KG, 25–50 KG and Above 50 KG), End User (Agriculture, Chemical Industry, Food and Beverages, Pharmaceuticals, Personal Care, Retail Industry and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025 Global PET Lidding Films Market: Information by Product type (Dual-ovenable lidding films, Specialty lidding films, High barrier lidding films, Breathable lidding films and Resealable/reclosable films), Application (Trays, Cups, Jars & bottles, and others), End-use (Pharmaceutical, Personal Care & Cosmetics, Food & Beverage and others ) and Region (North America, Europe, Asia-Pacific, Rest of the World) – Forecast to 2025 Global Dunnage Packaging Market Research Report: Information by Material Type (Corrugated Plastics, Molded Plastics, Aluminum, Steel, Fabric Dunnage, Corrugated Paper, Wood, Foams and others), End-Use Industry (Automotive, Aerospace, Electronics, Food & Beverages, Consumer Goods and Healthcare) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025 Global Recyclable Packaging Market Research Report: Information by Material Type (Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastic and Recycled Papers), Packaging Type (Paper & Cardboard, Void Fill Packing, Bubble Wrap and Pouches & Envelopes), End-Use Industry (Healthcare Industry, Personal Care & Cosmetics Industry and Food & Beverages Industry) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025 Global Fiber Drum Market Research Report: Information by Closure (Metal Closure, Plastic Closure and Fiber/Cardboard Closure), Capacity (Up to 25 Gallons, 26–50 Gallons, 51–75 Gallons and Above 75 Gallons), End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, Building and Construction and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025 About Market Research Future: Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. 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Pune, April 28, 2021 (GLOBE NEWSWIRE) -- The global pallet racking market is growing at a rapid pace, mainly due to the rising demand for efficient warehouse storage systems. The storage systems provide comprehensive intra-logistics solutions for supermarkets and jumbo retailers. Due to the rapidly growing eCommerce sectors worldwide, there is a huge demand for adjustable pallet racking and drive-in racking systems equipped with a high storage capacity. Besides, large grocery stores with different temperature storage zones that need heavy-duty shelving racks adapted to the type of product stored, such as temperature-sensitive frozen products, substantiate the market size. The market growth is directly related to the rising landscape of international trades and the global economy. Therefore, the market is forecasted to witness significant traction in the years to come. In this regard, the leading research firm Market Research Future (MRFR), states that the global pallet racking market is projected to grow at a 7.8% CAGR during the forecast period (2020-2027). The global supply chain is changing continually, which augments the demand for integrated warehousing solutions, material handling, packaging, and transportation to streamline operations in the long run. Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/8332 Favorable government trade policies provide significant expansion opportunities to the existing vendors, increasing the demand for logistic services. Simultaneously, economic reforms and government initiatives to strengthen manufacturing sectors attract vast investments. Additionally, developments of transport and logistics-related infrastructures, such as dedicated freight corridors, increase the market share. COVID-19 Impact The COVID-19 outbreak severely hit the pallet racking market industry, causing huge revenue losses to end-user industries. Also, the coronavirus-driven lockdown halted trades within the domestic and international market. However, the pallet racking market soon returned to normal, witnessing the steadily increasing demand, especially from the eCommerce sectors. High-density, deep lane racking and a pallet shuttle system offer many benefits in space and fulfillment efficiencies for warehouse operators. Therefore, the demand for improved pallet shuttle systems with lift trucks, automated de-spacing, pallet wrapping stations, and conveyors is escalating. The pallet shuttle creates additional capacity and pallet positions while also helping store and pick products faster. Industry Trends Policy reforms that have improved the business landscape and ease of doing business contribute to the market growth. Moreover, rapid globalization, alongside the growing population and changing consumption patterns, has increased import-export activities in countries worldwide. The rise of e-commerce over recent years has further boosted transportation revenues. There has been considerable growth across the supply and value chain as a whole. Vast developments in logistic infrastructures are expected to continue till 2027. Automation in supply chains and transportation and logistics industries has become a prevalent trend. Strategic partnerships, especially between new suppliers & competitors and policy reforms, alongside the increasing consumerism, increase the complexity of the already fragmented supply chains. Logistic leaders adapt changing landscape by improving collaboration skills, equipping their teams with appropriate insights and eliminating existing system-wide silos. Pallet racking provides access to a broad array of products and reduces supply chain waste and expenses, delivering quality customer service with premium care. Browse In-depth Market Research Report (110 pages) on Pallet Racking https://www.marketresearchfuture.com/reports/pallet-racking-market-8332 Segmentation: The pallet racking market analysis is segmented into system type, racking system type, frame load capacity, end-use industry, and region. The system type segment is sub-segmented into conventional, mobile racking, shuttle racking, and hybrid/customized racking. Among these, the hybrid/customized racking segment accounts for the largest market share due to its multiple applications of customized racking in almost all small-scale and large-scale warehouses. The racking system type segment is sub-segmented into cantilever, selective, push back racking, drive-in racking, pallet flow racking, carton flow racking, and others. Among these, the selective racking segment accounts for the largest market share as this racking system offers wide access to every location, giving users flexibility in storage and product retrieval. Additionally, its low installation cost and benefits in space utilization boost the size of the segment. The frame load capacity segment is sub-segmented into Up to 5 Ton, 5–15 Ton, and above 15 Tons. The end-use industry segment is sub-segmented into automotive, food & beverage, retail, manufacturing, warehouse & logistics, and others. Among these, the warehouse & logistics segment accounts for the largest market share owing to the growing e-commerce logistics market. The region segment is sub-segmented into the Americas, Europe, Asia Pacific, and rest-of-the-world. Regional Analysis Asia Pacific dominates the global pallet racking market due to the increasing numbers of e-trailers and growing eCommerce markets in the region. Besides, the strong presence of major pallet racks providers and the rise in transportation and logistics infrastructure development boost the region’s market share. Rapid industrialization in China, India, and other emerging economies in the region creates significant growth opportunities. The APAC pallet racking market is projected to retain its dominance throughout the assessment period. North America accounts for the second-largest market for pallet racking, heading with the increasing trade activities between the region and most European and APAC countries. Additionally, the growing demand from the burgeoning transportation and logistics (TPL) industries and eCommerce sectors drives the market demand. The US, with its largest import-export sector, dominates the regional market. Moreover, vast investments for developments and upgrades in the pallet racking industry increase the region’s market share. The North American pallet racking market is anticipated to witness the fastest growth during the forecast period. The European pallet racking market has emerged as a profitable market globally. Increased demand for foreign goods has strengthened the trade relations of the region. Furthermore, the vast adoption of pallet racking solutions for storage in industrial goods sectors in the region increases the market share. Growing e-commerce businesses and manufacturing sectors in the region boost the growth of the market. Share Your Queries: https://www.marketresearchfuture.com/enquiry/8332 Competitive Analysis The pallet racking market is witnesses several strategic approaches, such as mergers & acquisitions, collaboration, expansion, and product launches. Matured industry players make strategic investments in research and development activities and foster their expansion plans. For instance, recently, on Mar.09, 2021, Great Bear, a leading logistics service provider and part of Culina Group, announced its partnership with AR storage solutions for pallet racking & warehousing services. The partnership would add new pallet racking and reconfigure its 215, 278 sq. ft. warehouse in Nottingham. AR Racking would add new adjustable pallet racking and reconfigure the company’s warehouse, resulting in an overall storage capacity for 17,400 pallets. The installation of adjustable pallet racking also has a number of mesh deck panels and individually adjustable mesh dividers to create many low-level pick locations for Great Bear. Key players involved in the market are Ridg-U-Rak (US), Elite Storage Solutions (US), Averys (France), Daifuku (Japan), AR Racking (Spain), SSI SCHAEFER (US), Mecalux (Spain), Hannibal Industries (US), KION Group (Germany), Advance Storage Products (US), Steel King (US), and Unarco Material Handling (US), among others. 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Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions. Follow Us: LinkedIn | Twitter Contact: Market Research Future (MRFR) Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: [email protected] Website: https://www.marketresearchfuture.com

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