The global smart water meter market is anticipated to foresee a growth at a CAGR of 14.03% from a market size of USD916.663 million in 2019 to reach a market size of USD2,105.229 million by the end of 2025. Smart water meter helps customers in monitoring their property water flow rates in real time and compare their water usage with the historical data. The increasing need in order to minimize water wastage along with the growing demand for water preservation is considered as key drivers Read more...
The consumer water treatment systems market was valued at US$8.028 billion in 2018 and is anticipated to grow at a CAGR of 6.06% to reach a market size of US$11.426 billion by 2024. The demand for consumer water treatment systems will grow due to the sales of the home water treatment systems. This is further driven by the rising awareness regarding water contamination coupled with consumer education related to water treatment technologies. In the developed regions where high-quality wate Read more...
The global military battery market is projected to grow at a CAGR of 4.85% to reach US$2.815 billion by 2023, from US$2.119 billion in 2017. Batteries are used in the military and defence industry for varied applications including APUs, propulsion systems, providing backup power, and for ignition systems among many others. Increasing military expenditure on acquiring advanced weapons coupled with budding demand for unmanned aerial vehicles for surveillance purposes will drive the demand for thes Read more...
The transformer-less UPS market is projected to grow at a CAGR of 11.42% during the forecast period of 2017-2023. Transformer-less uninterruptible power source (UPS), is a technology that doesn’t rely on the use of a transformer for its functioning. The need to save as much energy as possible, combined with increase legislative pressure, is driving industrial along with commercial entities toward the transformer less UPS technology. Today, uninterruptible power supplies (UPSs) are essential to Read more...
The elevators and escalators market is evaluated at US$75.526 billion in 2018 and is expected to grow at a CAGR of 2.76% to reach US$88.923 billion in 2024. Elevators and Escalators provide speedy process and continence traveling around the building which is considered one of the reasons for their high adoption around the globe. Rapid urbanization and increasing investment in the construction sector are other key factors augmenting the growth of the market. Rapid growing geriatric population a Read more...
The cooling tower rental market is estimated to witness a CAGR of 5.76% to reach US$1,021.548 million in 2024 from US$730.074 million in 2018. A cooling tower is the most imperative piece of equipment in any industry that is targeting to eliminate unwanted heat with minimum use of water. With heat being just a by-product of the entire production pr Read more...
The power supply market is projected to grow at a CAGR of 5.11% to reach US$33.600 billion by 2024, from US$24.915 billion in 2018. The power supply market is expected to grow on account of rising usage of electronics at home and in industries. The market will also grow due to the emerging telecom sector all around the world, as it requires continuous and uninterrupted power supply solutions. In addition, the increasing demand for energy efficient solutions will lead to increasing investment in Read more...
The Solar Simulator market is projected to grow at a CAGR of 7.22% to reach US$8.891 billion by 2023, from US$5.851 billion in 2017. The solar simulator market will show growth with the rise in the investment in the research and development of solar cells, ultraviolet resistive cosmetics and paints, medical treatments, and many other fields, as Solar Simulators provide a more affordable option than the traditional testing and research methods. However, the market will see restraints due to the l Read more...
The Cable Conduit market was valued at US$5.070 billion in 2017 and is projected to grow at a CAGR of 10.25% over the forecast period to reach US$9.106 billion in 2023. Safety and security are considered as one of the priority concerns during installation of wiring systems. There is an increasing demand for safe and secure wiring systems in industrial and commercial sectors which is considered as the key driver for the growth of the market. Rapid urbanization in developing economies leads to inc Read more...
The Air Purification Systems market is projected to grow at a CAGR of 9.15% to reach US$28.830 billion by 2023, from US$17.053 billion in 2017. Rising prevalence of health disease due to air pollution and increasing consumer spending on healthcare are considered as the key drivers for the growth of the market. According to World Health Organization every year nearly 7 million people die which accounts one in eight of total global deaths as a result of air pollution exposure. Strict government re Read more...
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