The hazardous location air conditioner market is estimated to grow at a CAGR of 3.12% to reach a market size of US$3,471.045 million in 2024 from US$2,886.553 million in 2018. Hazardous location air conditioners are cooling equipment that is used in high-risk locations to provide safety and reliability by handling volatile flammable liquids and gases. These air conditioners are deployed across different hazardous material storage sites such as chemical and petrochemical sites, oil refineries, Read more...
Global fiber cement Market is expected to grow from US$11.002 billion in 2017 to US$14.230 billion in 2022, growing at a CAGR of 5.28% over the forecast period. Fiber cement is mainly used for the purpose of cladding and roofing. The presence of fiber reinforcement in cement contributes in making strong and long-lasting building and construction material. Fiber cement market is expected to grow at a high rate due to its features such as high durability, strength, and aesthetic properties. Growin Read more...
The global industrial cooling system market is expected to witness a CAGR of 4.98% during the forecast period to reach a market size of US$16.213 billion by 2023, increasing from US$12.109 billion in 2017. Increasing number of manufacturing facilities on account of rapid growth of industries in many regions is a major driving factor for this market. Many manufacturers across industries are funnelling huge amounts into expansion of their manufacturing facilities to expand their global footprints Read more...
Tank Level Monitoring Market is projected to grow at a CAGR of 5.32% to reach US$1,037.093 million by 2024, from US$759.791 million in 2018. Stringent regulations regarding workers’ safety is the major driver of tank level monitoring market. Rising cases of accidents on hazardous working facilities across sectors such as oil and gas and chemical is boosting the adoption of tank level monitoring devices. Simultaneously, increasing investments in wireless tank level monitoring systems is a Read more...
Global HVAC Insulation market is projected to witness a CAGR of 7.27% to reach US$5.834 billion by 2022, increasing from US$4.108 billion in 2017. HVAC insulation system combines three major functions- heating, ventilation, and air-conditioning. The system provides thermal comfort and acceptable indoor air quality for end-use industries. Some of the key factors driving the market growth include booming construction industry and burgeoning demand for HVAC systems. Strict regulations and building Read more...
Solenoid Valve Market is projected to witness a compound annual growth rate of 4.11% to grow to US$5.309 billion by 2022, increasing from US$4.341 billion in 2017. Shift to renewable sources of power generation and increasing adoption of the solenoid valve in various process industries some of the key factors driving the growth of the market. These valves are increasingly being used on account of advantages it offers such as fast switching, high reliability, low control power and compact design. Read more...
The smoke detector market is projected to grow at a CAGR of 7.19% to reach US$2.451 billion by 2024, from US$1.615 billion in 2018. Major factors driving the market growth are an increase in expenditure of safety solutions by enterprises and government regulations mandating the installation of smoke detectors, especially in the residential and commercial buildings. The rising number of accidents leading to death and loss of property due to fire-related accidents is also fueling the demand for Read more...
The control valve market is projected to grow at a CAGR of 5.64% to reach US$11.318 billion by 2025, from US$8.143 billion in 2019. Control valve are used to control fluid flow by varying the sizes of flow passage and is widely used in oil and gas industry. Increasing demand for automation in processed industry and rising number of nuclear plants are considered as the driving factor for the growth of the market. Increasing investment in infrastructure sector in developing economies and ra Read more...
The access control market is estimated at US$6.793 billion for the year 2019 growing at a CAGR of 6.25% to reach the market size of US$9.774 billion by 2025. Access control is a security technique that regulates who or what is allowed entrance to a system, environment or facility. Access control is a way of limiting access to a system or to physical or virtual resources. In computing, access control is a process by which users are granted access and certain privileges to systems, resourc Read more...
The underfloor heating market is anticipated to grow at a CAGR of 7.39% during the forecast period to reach a total market size of US$6.303 billion by 2025, increasing from US$4.110 billion in 2019. Underfloor heating is a form of heat radiation from moderately hot elements to control the indoor temperature, thus providing thermal comfort. Moderately hot elements such as walls, floor or overheated panel cover a large area, thus evenly heating the whole target area. Increasing awareness a Read more...
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