Global food and beverage warehousing market is projected to witness the growth at a CAGR of 10.19% during the forecast period to reach a total market size of US$191.039 billion by 2022, increasing from US$117.607 billion in 2017. The speed and accuracy in food and beverage sector is extremely important due to the perishability nature of the products. This drives the need for refrigeration in order to keep products fresh and prevent contamination while augmenting the need for food and beverage Read more...
The subsea systems market is expected to grow at a CAGR of 1.67%, increasing from US$14.524 billion in 2019 to US$16.045 billion in 2025. Subsea systems are located on the seabed in shallow or deep water to enhance the oil recovery process by offering cost-effective solutions and helping in maintaining the stability of offshore basins. Growing focus on deep sea drilling is increasing the demand for subsea systems across the globe. Increasing demand for oil and gas products on account of rapid Read more...
The market for offshore support vessels is expected to reach US$12.235 billion by 2023, increasing from a projected market size of US$10.203 billion in 2018, growing at a CAGR of 3.70% during this period.Offshore support vessels (OSVs) are cargo vessels that regularly transport equipment, supplies or goods to support offshore exploration or production activities. These vessels are either owned by companies that are specifically set up to own and operate such vessels or companies that combine Read more...
Global Foundry Market is expected to grow at a compound annual growth rate of 3.45% over the period 2016 to 2021. Stringent environmental regulations to reduce pollution is one of the key drivers of global foundry market as metal casting manufacturers are being forced to adopt technologies that reduce emissions. Growing production of lightweight vehicles due to increasing requirements for energy efficiency and stricter emission regulations is also fuelling the demand for foundries across the glo Read more...
The electronic waste management market is projected to grow at a CAGR of 33.45% to reach US$20.879 billion by 2025, from US$3.697 billion in 2019. E-waste or electronic waste refers to the waste material recovery created by rejected electronic devices. E-waste management is the process of establishing a value chain to ensure collection, recycling and disposing of e-waste. The major factor fuelling the growth of the market is the reduced life spans of electrical, electronic and consumer e Read more...
Waste transportation market is estimated to witness high growth over the forecast period. The demand for different transportation solutions for waste is gaining momentum on account of burgeoning waste management industries. Hazardous nature of the wastes makes it imperative to handle and transport them safely for public safety. These wastes generated by different industries can be categorized into hazardous and nonhazardous. While hazardous wastes are stored in containers or safe-tanks, nonhazar Read more...
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