Utility Equipment Market 2021-2031

New Study Reports ” Utility Equipment Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2031″ has been Added on PersistenceMarketResearch.

Report Details:

This report provides in depth study of “Utility Equipment Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Utility Equipment Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Drivers and Constraints

The fundamental dynamics that are explored in the report hold substantial influence over the Utility Equipment market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.

Global utility equipment sales are set to be valued at over US$ 10.7 Bn in 2021, with steady long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at around 5% CAGR from 2021 to 2031. Obligatory use of garbage trucks, sewer drainage vehicles, and winter maintenance equipment is boosting demand for utility equipment across regions.

Key factors driving demand for utility equipment are advent of smart technologies, rising infrastructure development, increasing focus on rental business, and surging requirement for high speed utility equipment.

Key Players:

The report has profiled some of the Important players prevalent in the global like – Bucher Industries AG, Dongfeng Motor Group Co., Ltd., McNeilus Truck & Manufacturing, Inc., Dennis Eagle Ltd., FAUN Umwelttechnik GmbH & Co.KG, Aebi Schmidt Holding AG, Zoomlion Heavy Industry Science & Technology Co. Ltd. and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Utility Equipment.

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Product launches, partnerships, and acquisitions are being witnessed on a large scale in this landscape.

Global Environmental partnered with U.S. Hybrid to provide fuel cell sweepers to Caltrans. Global is manufacturing fuel cell street sweepers at its facility in San Bernardino, CA.
Two new products were launched in the Scrubmaster B400-R series. The Scrubmaster B400 RH is equipped with a 150-litre dirt hopper and automated high dump, whereas, the Scrubmaster B400 RM collects coarse dirt in two 44-litre dirt hoppers for manual emptying.
Fujian Longma Environmental Sanitation Equipment Co., Ltd. announced the product layout and development of energy products such as e-compression garbage trucks, e-garbage bin carriers, e-detachable container garbage trucks, electrical self-loading and discharging garbage trucks, and electrical road washing and sweeping trucks.
Key Takeaways from Market Study

Persistence Market Research predicts healthy growth in demand for street sweepers owing to the need for aesthetic appearance of streets and reduction of PM emissions, dirt, and debris.
Advancements in technology are anticipated to have a positive impact on the market owing to increased efficiency and reliability of products.
Demand for electric utility equipment is expected to surge significantly compared with conventional ones, owing to increasing environmental regulations on emission standards.
Airport sector to hold 1/3 share in the global utility equipment industry.
Government initiatives toward developing perfect waste management infrastructure could bolster consumption of utility equipment.
Acquisitions and product launching are the two dominant key development activities observed in the market.
The global utility equipment market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -5.1%.
Market in Russia is projected to expand at a CAGR around 6%, while that in the U.S. at 4.2% through 2031.
Market in GCC countries and India is set to rise at 4.5% CAGR over the next ten years.
“Enhanced awareness about waste management and environmental problems will propel consumption of utility equipment,” says a Persistence Market Research analyst.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Utility Equipment Market Manufacturers
Utility Equipment Market Distributors/Traders/Wholesalers
Utility Equipment Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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View Table of Contents, Figures, and Tables@ https://www.persistencemarketresearch.com/market-research/utility-equipment-market/toc

Major Highlights of the Utility Equipment Market Report:

The Utility Equipment Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Utility Equipment Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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