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.
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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 innovation 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.
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
– 2.1 PREFACE
– 2.2 PREFACE
– 2.3 CURRENCY CONVERSION RATES FOR US$
PART 03: MARKET LANDSCAPE
– MARKET ECOSYSTEM
– MARKET CHARACTERISTICS
– MARKET SEGMENTATION ANALYSIS
PART 04: MARKET SIZING
– MARKET DEFINITION
– MARKET SIZING 2018
– MARKET SIZE AND FORECAST 2018-2023
PART 05: FIVE FORCES ANALYSIS
– BARGAINING POWER OF BUYERS
– BARGAINING POWER OF SUPPLIERS
– THREAT OF NEW ENTRANTS
– THREAT OF SUBSTITUTES
– THREAT OF RIVALRY
– MARKET CONDITION
PART 06: MARKET SEGMENTATION BY APPLICATION
– MARKET SEGMENTATION BY APPLICATION
– COMPARISON BY APPLICATION
– AGRICULTURE – MARKET SIZE AND FORECAST 2018-2023
– INDUSTRIAL – MARKET SIZE AND FORECAST 2018-2023
– OTHERS – MARKET SIZE AND FORECAST 2018-2023
– MARKET OPPORTUNITY BY APPLICATION