Processes, workflows and the understanding of performance are dramatically changing. Operations can no longer work in linear execution, or in isolation of other functional work streams such as engineering, maintenance and planning. Instead, the value chain needs to perform as an integrated whole to support the fluctuating demand cycles and higher cost supply activities.
Tag: industry
Strong Growth in Industrial Coatings Market
The Industrial Coatings Market is expected to grow from $89.5 billion in 2019 to $115.4 billion by 2024, at a CAGR of 5.2% during the forecast period. The major factors driving the industrial coatings market include the increasing demand for environmentally-friendly coatings, need for efficient process and durable coatings with better aesthetics, and growing demand from the APAC region.
Industrial Hearable Market Sees Explosive Growth
According to a new market research report published by Credence Research “Global Industrial Hearable Market (Type (In ear, Over ear); Technology (DECT, Bluetooth, Wi-Fi, Others); End-Use (Construction, Manufacturing, Mining, Others); Application (Industrial Wireless Audio/Voice Application, Industrial Voice Cancellation Application)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall industrial hearable market worldwide is expected to reach a value of $144.6 million in 2018 and is set to grow with a CAGR of 35.4 % during the forecast period.
ISO Standards: A Necessary Tool to Ensure Quality and Protect Against Corruption
Few frameworks have had the reach and impact that the International Organisation for Standardisation (ISO) has had in streamlining quality standards in an increasingly globalised international economy, as well as providing companies with an opportunity to secure a competitive advantage in their industries. Increasingly widespread, ISO standards have gradually established themselves as a guarantee recognized by all, from customers to public authorities and companies themselves.
Rising Demand from Consumers to Push Global Sorting Equipment Market
Regenerative thermal oxidizer (RTO) is a type of industrial equipment which is used in the treatment of exhaust air. Regenerative thermal oxidizer is comprised of bed of ceramic materials which absorbs the heat from the emitted exhaust gas. Regenerative thermal oxidizer utilizes the absorbed heat for pre-heating the incoming process stream and destroys air pollutants present in the exhaust stream. RTO destroys the existing Volatile Organic Compounds (VOCs) and Hazardous Air Pollutants (HAPs) in the exhaust stream which are produced through chemical and industrial process.
Steady Expansion in Industrial Enzymes Market
The capability to execute particular chemical transformations has made the use and dependence on enzymes more and more in industrial and household processes. They have been substituting the employment of conventional chemicals in the several industries due to the rising environment-related regulations and norms concerning the use of chemicals.
Strong Growth in Power Quality Equipment Market
The power quality equipment market is expected to grow at a CAGR of 6.56%, from 2017 to 2022, to reach a market size of $40.85 billion by 2022. Non-uniform power quality and network reliability issues, rise in alternative energy programs, and power quality standardization are the major drivers of the power quality equipment market.
Gas Insulated Transformer Market Growing Strong
The gas insulated transformer market is projected to grow from an estimated $2.75 billion in 2018 to $3.45 billion by 2023, at a CAGR of 4.61%. Factors such as space constraints in densely populated urban areas, no risk of oil leakage, and government initiatives toward improving electrification rate are driving the gas insulated transformer market.
Industrial Safety Market Growing Substantially
According to the market research report “Industrial Safety Market by Product Type (ESD, HIPPS, TMC, BMS, and F&GM), Component (Safety Sensors, Safety Switches, Programmable Safety Systems, Safety Valves, Emergency Stop Devices), Industry, and Region – Global Forecast to 2024″, the industrial safety market was worth $3.3 billion in 2019 and is expected to reach $5.4 billion by 2024, at a CAGR of 8.6% during the forecast period.
UV Stabilized Films Market Growing Strong
Future Market Insights delivers key insights on the UV stabilized films market, in its recently published report titled, ‘UV Stabilized Films Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029’.
Huge Growth in Pneumatic Conveying Systems Market
The Pneumatic Conveying Systems Market is projected to grow from an estimated $5.16 billion in 2016 to $7.04 billion by 2021, at a CAGR of 6.4%. Rapid industrialization in emerging economies, rising demand for energy pneumatic conveying systems, and thriving recycling and waste treatment industries are the key driving factors for pneumatic conveying systems.
Blackout Fabric Laminates Market to Grow Substantially
Blackout fabric laminate refers to foam-backed fabric laminate used to blackout light. Blackout fabric laminate is a sandwich like structure that consists of two white exterior layers which sandwiches the laminate. A extruded film or pre-made is bonded on the layer of substrate, generally with adhesive or thermal bonding. There are various types of coatings/laminations are used to manufacture blackout fabric laminates such as PVC lamination, PVDF/PVC top coating, Titanium dioxide top coating, etc.
Industrial Lubricants Market Experiencing Increased Demand
An industrial lubricant is a substance that is used to reduce friction between surfaces that are in mutual contact with each other. It also transmits forces and acts as a coolant between the surfaces. The property of reducing friction is called lubricity. Lubricants contain around 90% base oil (crude oil) and less than 10% additives. Synthetic liquids that include polyolefins, esters, silicones, fluorocarbons, and others are often used as base oil. The additives play an important role in reduction of friction and wear and offer increased viscosity, resistance to corrosion and oxidation, aging or contamination, and others.
Rising Demand Drives Global Battery Market
Global Battery Market is expected to grow from $14.08 billion in 2016 to $17.25 billion by 2021, at a CAGR of 4.15% from 2016 to 2021. A battery consists of one or multiple cells which facilitates the conversion of chemical energy into electricity. Batteries are used to supply primary power or act as back-up power supply in transport, industrial, or commercial applications. With the demand in the global transportation market increasing, the market for batteries is also projected to grow.
Growth in Easy Peel Film Packaging Market Expected to Remain Steady
The revenue form the packaging industry sales globally is expected to continue to show strong growth as both increased consumption and demand for consumer goods and food has driven the needs for more sophisticated packaging, such as easy peel film packaging, supported by growing middle class and rising disposable income.
Rising Environmental Concerns Drive Global Incinerators Market
According to a new market research report published by Credence Research “Incinerators Market (Product Type – Fluidized Bed Incinerator, Rotary Kiln Incinerator, Catalytic Combustion Incinerator, Multiple Hearth Incinerator and Liquid Injection Incinerator; Application – Agricultural, Livestock, Industrial, Municipal and Medical) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global incinerators market is set to grow with a CAGR of 4.22% throughout the forecast period to reach $18.2 billion by 2026.
Engine Flush Market to Incur Growth
Advancements in fuel consumption technologies has necessitated the need for using oils or lubricants to flush out the dirt collected in combustion engines. Diesel and gasoline continues to be adulterated across the globe, and the demand for such lubricants – known as engine flush – continues to gain traction.
Digital Elevation Model Market will Register Exponential Growth
In a new report titled ‘Digital Elevation Model Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)’, Future Market Insights has taken an in-depth look at the digital elevation model market. The digital elevation model market could potentially record an exponential CAGR of 14.4% from 2017 to 2027, making it a truly lucrative prospective for both incumbents as well as new entrants in the digital elevation model market.
Growth Anticipated in Alternators Market
The market for starter motor in terms of value is estimated to grow at a rate of 5.20% from 2015 to 2020, while that of alternator is estimated to grow at a CAGR of 5.36%. Asia-Oceania is estimated to be the largest market for starter motor & alternator. The region houses some of the most populous nations such as China and India, which together constitute two-thirds of the world population. The huge population base associated with economic labor, low production costs, and lenient regulations, provide huge opportunities for automakers.
Pest Control Services Market Growing
With a robust CAGR of 5.1%, the global pest control services market will expand speedily in the years to come.
Significant Growth Expected in Compression Testers Market
Compression testers are used for testing the ability of a material to recover after a compressive external force is applied on it and the force is held on the material for a certain predefined time. The compression testers give various results such as load at rupture, maximum load on the material, deflection of material on the application of maximum load, work done at the maximum load, stiffness of material, stress on the material and strain conditions. The design of compression testers should be such that the accurate results are obtained for the particular material in case of applied compression, transverse, shear testing etc.
The compression testers market is expected to witness significant growth in next few years due to the developing industrialization. Various properties of compression testers such as accuracy, precise repeatability, and high tolerance power make them preferred in various industries in the global market.
Industrial Dryers Market to Expand Significantly
Unplugging from the old technology, industries are now adopting new and enhanced techniques for industrial processes. Recent study conducted by Journal of Applied Microbiology found that the jet dryers spread 20 times more germs than the traditional warm dryers, and nearly 190 times more than the paper towels at a distance of up to three meters. Moreover, the global industrial dryers market is expected to witness a growth of 3.5% CAGR between 2016 and 2024 according to RRI.
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