The global conveyor belt market size is projected to reach US$4.094 billion by 2026, from an estimated value of US$3.109 billion in 2019, growing at a CAGR of 4.01%. during the forecast period. The conveyor belt market is estimated to grow in the forecast period. An increase in industrial activities and rapid urbanization are the major factors leading to growth in the conveyor belt market. The conveyor belts are used across various industries like manufacturing, mining, aviation, food and bevera Read more...
The global variable frequency drive market is expected to grow at a compound annual growth rate of 4.65% over the forecast period to reach a market size of US$24.410 billion in 2026 from US$17.758 billion in 2019. In segmentation of variable frequency drive market by type, the market is segmented into AC, DC, and servo drives, among them AC drives are projected to have the largest market share in the forecast period as they can be used in a wide range of applications because of its adjustable ch Read more...
The global marine powerboat battery market is projected to grow at a steady rate during the forecast period. The market of marine powerboat battery is expected to drive by increasing demand for water sports as leisure activities, increasing tourism for marine and coastal tourism, increasing income, and increasing demand for transportation through marine. In addition to that, the increasing demand from SMEs and vertical provides further boosts the demand for the marine powerboat battery market. T Read more...
The articulated robots market was evaluated at US$11.194 billion for the year 2019 growing at a CAGR of 17.10% reaching the market size of US$33.797 billion by the year 2026. The market of articulated robot market is estimated to grow in the forecast period. An increase in the transformation of industries towards automation has led to an increase in the demand for articulated robots. It has at least two rotary joints and is mostly used in different manufacturing procedures, such as handling comp Read more...
Global Solar-powered pumps market was valued at US$ 1,284.652 million in 2019, and is expected to grow at a good CAGR over the forecast period. Solar-powered pumps are a clean, simple, and energy-efficient alternative to conventional electric and fuel-driven pump sets. Solar water pumps are commonly seen in residential and commercial uses as well as for irrigation purposes in the agricultural sector. The use of solar-powered pumps eliminates the cost of energy as they use the energy Read more...
The global sand control solutions market is expected to grow at a CAGR of 6.97% during the forecast period. Sand control refers to using the equipment or the techniques to prevent the flow of sand towards a wellbore or a near wellbore area. This is used to maintain the structure of the reservoir around the wellbore. A key advantage of using these solutions is that it reduces production & extraction cost with also delaying the wearing off time of the equipment that is deployed. Read more...
The global submersible pumps market is expected to grow at a CAGR of 5.84% taking the market from US$11.263 billion in 2019 to US$15.829 billion in 2025.A submersible pump is the kind of pump which can be completely be taken under water and is used to pump the water to the surface. The motor of the pump is tightly sealed to the pump helping it to push the liquid on the surface. The pump converts the rotary energy into kinetic energy and that into pressure energy due to which it is able to pus Read more...
The global commercial aviation aircraft tires market is evaluated at US$1.459 billion for the year 2019 growing at a CAGR of 2.64% reaching the market size of US$1.706 billion by the year 2025. An aircraft tire is a special kind of tire specially designed for different types of aircraft ranging from military jets, private jets, cargo planes, and commercial jets among others. These tires are made of rubber are designed in such a manner that offers high stability in crosswind conditions an Read more...
The construction machinery filter market is expected to grow at a CAGR of 6.69% over the forecast period to reach a total market size of US$1,304.347 million by 2025, increasing from US$884.404 million in 2019. Construction machinery filters protect the system components from the damage caused due to contamination. The work of each type of filter used in construction machinery is to enable flows and catch impurities such as dust (contaminants in the air), impurities in the fuel Read more...
The global medical device testing services market is estimated to surge at a CAGR of 6.59% from a market value of USD9.551 billion in 2019 to achieve a market value of USD14.007 billion by the end of 2025.Medical device testing services is the most commonly utilized testing services and solutions that are performed within the medical industry. Hence with the growing medical device industry at the global level, the market is projected to hold strong growth prospects during the forecast period. Read more...
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