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Global Metal Silos Market for Bulk Storage 2019-2023
SKU ID : TNV-14770514 | Publishing Date : 07-Dec-2018 | No. of pages : 104
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About this market
End- users such as farmers, farming organizations, and others need to ensure the safety of grains stored in the grain- storage silos. This increases the need for real- time monitoring systems in the grain storage silos as these systems will help end- users to monitor grain conditions frequently, thus improving storage optimization and prevent loss. Manufactures of grain storage silos are also focusing on installing improved features in their grain storage silos. The grain monitoring systems help to remotely monitor and manage real- time conditions of storage grain in storage silos. Such innovations in the market will drive the market growth. The metal silos market for bulk storage to grow at a CAGR of more than 3% during the forecast period.
Growth of the construction industry
The growth of the construction industry is one of the key drivers for the global metal silos market for bulk storage as the storage of cement is major application of silos. Rapid urbanization and economic developments has increased the need for residential and commercial buildings during the past decade and is expected to grow during the forecast period.
Decline in preference of coal used for power generation
Coal storage is one of the applications of silos, which is declining at a rapid rate across the world. The rise in carbon emission, especially from coal used for various applications such as power generation, has increased global warming. The increasing concern about the environment had led several countries to reduce carbon emission, which has led to the shutdown of coal power plants across the globe.
For the detailed list of factors that will drive and challenge the growth of the metal silos market for bulk storage during the 2019-2023, view our report.
The metal silos market for bulk storage is highly fragmented owing to the presence of several established and regional vendors. Manufactures are focusing on investing in technological inn9ovation to ensure high- quality products. This has also raised the level of competition in this fragmented market will further intensify in the coming years. This metal silos market for bulk storage analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.
End- users such as farmers, farming organizations, and others need to ensure the safety of grains stored in the grain- storage silos. This increases the need for real- time monitoring systems in the grain storage silos as these systems will help end- users to monitor grain conditions frequently, thus improving storage optimization and prevent loss. Manufactures of grain storage silos are also focusing on installing improved features in their grain storage silos. The grain monitoring systems help to remotely monitor and manage real- time conditions of storage grain in storage silos. Such innovations in the market will drive the market growth. The metal silos market for bulk storage to grow at a CAGR of more than 3% during the forecast period.
Market Overview
Growth of the construction industry
The growth of the construction industry is one of the key drivers for the global metal silos market for bulk storage as the storage of cement is major application of silos. Rapid urbanization and economic developments has increased the need for residential and commercial buildings during the past decade and is expected to grow during the forecast period.
Decline in preference of coal used for power generation
Coal storage is one of the applications of silos, which is declining at a rapid rate across the world. The rise in carbon emission, especially from coal used for various applications such as power generation, has increased global warming. The increasing concern about the environment had led several countries to reduce carbon emission, which has led to the shutdown of coal power plants across the globe.
For the detailed list of factors that will drive and challenge the growth of the metal silos market for bulk storage during the 2019-2023, view our report.
Competitive Landscape
The metal silos market for bulk storage is highly fragmented owing to the presence of several established and regional vendors. Manufactures are focusing on investing in technological inn9ovation to ensure high- quality products. This has also raised the level of competition in this fragmented market will further intensify in the coming years. This metal silos market for bulk storage analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
