Industrial Gearbox Market Driven by Increasing Efficiency

The industrial gearbox market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023.  Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the industrial gearbox market. In addition, increasing investments in renewable power generation, with a skew towards wind power, is driving the industrial gearbox market.

Cryogenic Valve Market Heating Up

The cryogenic valve market is expected to grow from an estimated $3 billion in 2018 to $3.75 billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. This growth is primarily due to the rising production and trade of LNG to meet the LNG demand from various countries globally. High demand for industrial gases (nitrogen, oxygen, argon, helium, and others) from industries such as food & beverage, electronics, and chemicals is further expected to boost the cryogenic valve market.

Steady Growth in Synchronous Motors Market

The synchronous motors market is expected to grow from an estimated $17.83 billion in 2016 to $21.49 billion by 2021, at a CAGR of 3.8% from 2016 to 2021. High efficiency associated with synchronous motors, power factor correction capabilities, and stringent regulations are driving the synchronous motors market worldwide. High efficiency associated with synchronous motors makes it superior in comparison to induction motors. This has emerged as a major trend in the synchronous motors market.

Growing Applications Drive 2-ethylhexyl Caprate Market

2-ethylhexyl caprate, also known as 2-ethylhexyl decanoate, is an organic chemical compound with the molecular formula C18H32O2. In the manufacturing of 2-ethylhexyl caprate, ethyl reacts with hexyl in the presence of caproic acid as a catalyst to form 2-ethylhexyl caproic acid, which on further treatment with esterification process forms a mixture of 2-ethylhexyl caprate crude. This mixture of 2-ethylhexyl caprate crude is distilled to obtain pure 2-ethylhexyl caprate.

Increasing Usage Fuels Liquid Density Meters Market

The rapid industrialization along with the technological advancements in water treatment technology is playing an important role in the growth of liquid density meters. The high growth and innovations in water and wastewater industries is creating the requirement for laboratory devices which are simpler to maintain and operate and due to this the demand for ultrasonic liquid density meters is increasing promptly. Moreover, the growing demand for rugged and corrosion-resistant liquid density meters for aggressive liquid measurement is creating potential growth opportunities for liquid density meters market.

High Potential for Growth in Aluminum Beverage Bags Market

Packaging market has presented a wide assortment of single-serve packaging frameworks into the market. Aluminum beverage bags are now gaining attention in the packaging industry with simpler, more secure, speedier, powerful and efficient methods for storage of different beverages. Light weight feature of aluminum beverage bags gives it an upper edge over other beverage packaging formats ultimately leading to higher adoption by most of the beverage companies.