A market research study on the furfural market, forecasted for 2023 to 2028, has been published by Knowledge Sourcing Intelligence.
The furfural market was valued at US$583.498 million in 2021 and is anticipated to grow at a steady rate during the forecast period.
Furfural is a chemical compound with the molecular formula C5H4O2. It is derived from pentose sugars, such as arabinose and xylose, and is characterized as a transparent, oily liquid with a distinct almond-like fragrance. Furfural finds various applications across different industries, including pharmaceuticals, food and beverage, agriculture, chemicals, personal care, and petrochemicals, due to its versatility as a chemical intermediate and solvent.
The key driving force behind the furfural market growth is the favorable government initiatives to promote organic fertilizers usage to tackle the growing concern of soil degradation and bioaccumulation. For instance, on June 28, 2023, the Cabinet Committee on Economic Affairs (CCEA), India approved a comprehensive package of inventive initiatives aimed at benefiting farmers. This package encompasses a total budget of Rs. 3,70,128.7 crore, designed to promote sustainable agricultural practices. As the demand for organic fertilizers increases for crop protection, the furfural demand is expected to expand significantly.
Furfural is also used to produce sustainable aviation fuels. SAFs are biofuels with properties similar to conventional jet fuel but with a lower carbon footprint. Depending on the feedstock and production technologies, SAFs can substantially reduce life cycle greenhouse gas emissions compared to traditional jet fuel.
The furfural market, based on the raw material, is divided into five segments, which include corncobs, sugarcane bagasse, rice husk, oat hulls, and others.
The furfural market, based on the application, is divided into five segments, solvent, chemical intermediate, drug intermediate, pesticide, and others.
The furfural market, based on the end user, is divided into seven segments, pharmaceuticals, food & beverage, agriculture, chemical, personal care, petrochemical, and others.
The Asia Pacific region is projected to be the market leader owing to the growing major industries, including agriculture, food and beverage, petrochemical, and pharmaceutical. In the 2021-22 fiscal year, India produced approximately 3,430,736.65 metric tons (MT) of certified organic products, encompassing a wide range of food items such as oilseeds, sugar cane, cereals and millets, pulses, fruits, dry fruits, vegetables, and other processed food. Furfural and its derivatives are also utilized to develop flavor enhancers and additives. The increasing consumption of processed food in Asian economies namely Chiba, India, and Japan has created a demand for new flavors in the food and beverages sector. This trend has presented an opportunity for the increased consumption of furfural within the region’s food and beverage industry.
As part of the competitive intelligence section of the study, the major players operating in the furfural market have been covered and analyzed. These include Behran Oil Co., LENZING AG, Central Romana Corporation, TransFurans Chemicals bvba, ILLOVO SUGAR AFRICA (PTY) LTD., Pennakem, LLC, Shandong Crownchem Industries Co., Ltd., BASF, Gravitas Chemical, Vigon International among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/furfural-market
This analytics report segments the furfural market as follows:
- By Raw Material
- Corncobs
- Sugarcane Bagasse
- Rice Husk
- Oat Hulls
- Others
- By Application
- Solvent
- Chemical Intermediate
- Drug Intermediate
- Pesticide
- Others
- By End User Industry
- Pharmaceuticals
- Food & Beverage
- Agriculture
- Chemical
- Personal Care
- Petrochemical
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
Computer Graphics Market size worth US$340.475 billion by 2027
Press ReleasesThe computer graphics market is anticipated to grow at a CAGR of 6.67% reaching a market size of US$340.475 billion in 2027 from US$216.686 billion in 2020.
The key factors propelling the growth of the computer graphics market are the significant growth of the web across the globe, the growing IT industry, and the growing gaming population worldwide.
As per the report, the computer graphics market is projected to show only nominal growth throughout the anticipated period.
Computer graphics means the manipulation of visual content, and it plays an important role in supporting problem-solving scientific visualization. Many computer graphics are images that are presented on screens, together with the generation and modification of the graphics by computers. Either two-dimensional (2D) or three-dimensional (3D) photographs are used (3D). The growth of the computer graphics market is largely attributed to the significant growth of the web across the globe coupled with the robust growth of the IT industry globally. Furthermore, the rising dependency on computers in almost every industry such as automotive, entertainment, aerospace and defense, healthcare, and manufacturing among others has accelerated the market growth during the anticipated period. Additionally, the rising demand for graphics software to develop animated visual content in animated films, sci-fi movies, games, etc. further boosted the growth prospects of the computer graphics market. Moreover, the penetration of the web, the internet of things, and smartphone technology are expected to positively drive the computer graphics market.
The computer graphics market has been categorized based on offering, application, end-user industry, and geography.
By offering, the computer graphics market has been classified into solutions and services.
Based on the application, the classification has been done into image processing, design, visualization, animation, and others. The animation segment is expected to hold a dominating share in the computer graphics market due to the evident growth of software and the introduction of new technology, and graphics under this segment.
By end-user industry, the computer graphics market is divided into automotive, aerospace and defense, healthcare, manufacturing, media and entertainment, and others. It is expected that the entertainment and advertising industry will hold a significant share of the computer graphics market due to the strong demand for animation in movies, commercials, and video games among others.
Geographically, the North American region is expected to witness lucrative growth owing to its ongoing technical innovations, and high research and development across end-user industries coupled with the growing media and entertainment industry in the countries like the US and Canada. Furthermore, the increasing advances in the field of films, television streaming content, broadcasting, radio, and music among others are expected to further propel the computer graphics market.
The pandemic had a significant impact on the computer graphics market. The government-imposed lockdown pushed the companies, corporate offices, and other venues to temporarily shut down their operations. Furthermore, the travel restriction and complete shutdowns forced the population into isolation, as a result, online traffic climbed considerably during the pandemic. There was a substantial rise in online gaming, online entertainment, and binge-watching, which supported the overall growth prospects of the computer graphics market during the pandemic.
As a part of the report, the major players operating in the computer graphics market, that have been covered are NVIDIA Corporation, Adobe, Autodesk Inc., Smith Micro Software, Inc., Unity Technologies, InVisionApp Inc., Advanced Micro Devices, Inc, Canyon Bridge, Dassault Systèmes, PTC.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/computer-graphics-market
This analytics report segments the computer graphics market on the following basis:
Spray Adhesive Market size worth US$6.334 billion by 2027
Press ReleasesThe spray adhesive market is anticipated to grow at a CAGR of 7.51% reaching a market size of US$6.334 billion in 2027 from US$3.816 billion in 2020.
The prime factor driving the growth of the Spray Adhesive Market is the growing adoption of spray adhesives across various end-user industry verticals, with a significant portion of this demand coming from industries such as construction, packaging, automotive and transportation, among several others.
As per the report, the market for Spray Adhesive Market is expected to grow at a steady pace.
Spray Adhesives are used for a variety of applications in various end-user industry verticals due to the availability of different types of spray adhesives according to their varied uses and different strengths. It requires less work and is also neater and easier to be applied, avoiding problems like overspray of the product. Furthermore, the increasing participation in strategic developments by several major and minor market players in the form of collaborative partnerships and product launches to further augment the adoption of the spray adhesive to increase their market share is further expected to boost the market and provide increased growth opportunities during the forecast period.
Based on type, the Spray Adhesive Market offers water-based, solvent-based, hot melt and Others. The solvent-based segment is projected to account for a considerable share of the market owing to its broad application across different industry verticals. Further, the hot melt segment is expected to grow at an exponential rate due to the stringent environmental regulations being implemented across the globe.
Based on end-user, the Spray Adhesive Market caters to construction, packaging, furniture and Others. The construction sector is expected to grow at a substantial rate across the world owing to the rising disposable income coupled with growing government initiatives to boost residential, as well as infrastructural development. Further, the packaging industry has been evolving significantly owing to the burgeoning demand for a wide range of consumer products such as electronics, sanitary, food and beverages, and personal care, among others.
Based on geography segmentation, the Spray Adhesive Market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. Geographically, the Asia Pacific region is likely to account for a sizable market share and to experience quick expansion due to the presence of key market players along with the established steel industry in the region. Further, the expanding construction and automotive industries in developing countries like China and India are also expected to augment growth in the region.
As a part of the report, the major players operating in the Spray Adhesive Market have been covered. The key players in the Spray Adhesive Market include Phillips MFG, Asbury Carbons, GrafTech International, Mitsubishi Chemical Corporation, SojitzJECT Corporation and Indian Oil Corporation.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/spray-adhesive-market
This analytics report segments the Spray Adhesive Market on the following basis:
Gear Oils Market estimated to reach US$4.008 billion by 2028
Press ReleasesA new analysis report on the Gear Oils Market, which is forecasted between 2021 and 2028, has been published by Knowledge Sourcing Intelligence.
The prime factor driving the demand for the Gear Oils Market is the rising need for top-tier lubricants across diverse sectors, advancements in technology, and a shift towards lubricants that are both energy-efficient and environmentally conscious. Furthermore, the surge in demand for industrial machinery and equipment in sectors like automotive, construction, and manufacturing is anticipated to propel this growth.
As per the report, the Gear Oils Market is expected to grow at an exponential pace.
Gear oils, which are oil-based lubricants, find application in a wide range of machinery and automotive components. These oils are meticulously engineered to satisfy precise performance criteria, including the ability to withstand temperature variations, carry heavy loads, and provide effective wear protection. The market for gear oils is fiercely competitive, featuring numerous global and regional participants.
The Gear Oils Market is thriving due to the rising demand by the robust expansion of end-use sectors like automotive, construction, and industrial machinery, accompanied by a favorable shift towards energy-efficient solutions. Notably, in August 2022, Exol, a leading lubricant supplier, introduced Optifarm HP, a high-performance gear oil tailored for JCB machinery, expanding its product portfolio. There is an emerging emphasis on energy efficiency across various industries, spurring the demand for gear oils capable of reducing friction and energy consumption. This drive has prompted the development of gear oils designed to enhance fuel economy and minimize carbon emissions. Recognizing the significance of this, the U.S. Environmental Protection Agency (EPA) estimated that the transportation sector’s fuel consumption contributes to approximately 29% of total greenhouse gas emissions in the United States. Furthermore, in May 2022, the German lubricant specialist LIQUI MOLY launched Top Tec Gear EV 510 gear oil, precisely engineered for high-torque electric motors, meeting the stringent requirements of Tesla. Additionally, the rise in industrialization and infrastructure development projects in emerging economies is also augmenting the market’s growth prospects.
Based on base oil, the Gear Oils Market can be categorized into mineral oil, synthetic oil, semi-synthetic oil, and bio-based oil. The synthetic gear oil segment has asserted its dominance in the global market share, synthetic gear oils are gaining popularity due to their superior characteristics, such as enhanced oxidation stability, extended service life, and improved fuel efficiency.
Based on the end-user industry the Gear Oils Market is categorized into power generation, heavy equipment, metallurgy and metalworking, automotive and transportation, and others. The automotive & transportation segment is poised for substantial growth throughout the forecast period. This growth can be attributed to the rising demand for both passenger and commercial vehicles in developing nations, as well as the increasing requirement for efficient transportation systems.
Based on Geography, the Gear Oils Market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The North American region has maintained its dominance in the Gear Oils Market due to the increasing demand from the automotive industry, especially in the United States, which is a key driver of market growth. The rising adoption of electric vehicles and the necessity for high-performance lubricants to enhance the efficiency of these vehicles are anticipated to fuel market growth in the region.
As a part of the report, the major players operating in the Gear Oils Market, that have been covered are FUCHS, BP PLC, Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell PLC, Total Energies, Lukoil Lubricants, Idemitsu Kosan Co. Ltd., Tribo Lubes, Lubrication Engineers.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/gear-oils-market
This analytics report segments the Gear Oils Market on the following basis:
Fullerene Market anticipated to reach US$4,621.537 million by 2028
Press ReleasesA market research study on the fullerene market, forecasted for 2021 to 2028, has been published by Knowledge Sourcing Intelligence.
The fullerene market was valued at US$1,606.904 million in 2021 and is anticipated to grow at a CAGR of 16.29% over the forecasted period to reach a market size of US$4,621.537 million in 2028.
The key driving force behind the Fullerene market’s growth is the surging demand for high-performance electronics and its expanding role in healthcare advancements. Fullerene’s exceptional properties, including high electron mobility and excellent electrical conductivity, make it a preferred material for developing cutting-edge electronic devices. Furthermore, fullerene’s unique physical and chemical attributes drive its usage in diverse healthcare applications, such as drug delivery, cancer therapeutic, and medical imaging.
The market is witnessing multiple innovations, for instance in January 2023, a team of researchers from the Institute for Basic Science in South Korea and the University of Science and Technology of China announced the discovery of a new form of carbon called “Long-range Ordered Porous Carbon” (LOPC) which was created by heating C60 fullerene (buckminsterfullerene or “buckyball” molecules) powder in the presence of α-Li3N (alpha lithium nitride) at moderate temperatures and one atmosphere of pressure. It opens up new possibilities for carbon materials and has potential applications in energy harvesting, transformation, and storage catalysis for chemical production. Moreover, the scalability of the synthesis process makes it feasible for large-scale production. Similarly, in December 2020, Researchers from Yokohama National University and the University of Electro-Communications in Japan developed a highly efficient method for producing a unique fullerene crystal known as “fullerene finned-micropillar” (FFMP). These one-dimensional fullerene crystals are easier to work with and have various applications in devices like field-effect transistors, solar cells, superconductors, and chemical sensors.
The fullerene market, based on its product type, is segmented into four main categories namely C60, C70, C76, and others.
The fullerene market, based on its shape, is divided into three segments, which include nano-tubes, nano-rods, and buckyballs.
The fullerene market, based on the end-use industry, is segmented into six main categories namely energy, electricals and electronics, pharmaceuticals, cosmetics, aerospace & defense, and others.
The Asia-Pacific region is poised to dominate the fullerene market, driven by the rapid growth of industries such as aerospace, defense, electronics, medical, and pharmaceuticals in countries like China, India, and Japan. China, in particular, is projected to become the world’s largest single-country market for civil aircraft production in the next 20 years, with a substantial number of new deliveries expected, further boosting the demand for fullerene. Additionally, in July 2023, a research team from Chiba University in Japan, developed fullerene-pillared porous graphene (FPPG), a carbon composite with precisely controllable pore structures addressing the need for improved separation materials in water purification, pollutant removal, and heat pumping processes.
As part of the competitive intelligence section of the study, the major players operating in the fullerene market have been covered and analyzed. These include Nano-C, Vitamin C60 BioResearch Corporation, Nanotech Industrial Solutions, SES Research Inc., Mitsubishi Chemical Holdings, MTR Ltd., American Elements, NeoTech Product, Xiamen Funano New Material Technology Co., Ltd., and Sigma Aldrich among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/fullerene-market
This analytics report segments the fullerene market as follows:
The Gelcoat Market had a valuation of US$1,260.217 million in 2021
Press ReleasesA new analysis report on the Gelcoat Market, which is forecasted between 2023 and 2028, has been published by Knowledge Sourcing Intelligence.
The Gelcoat Market is primarily fueled by the increasing need for lightweight and high-performance materials across various industries. Furthermore, the rising demand for fuel-efficient vehicles and renewable energy sources has accelerated the adoption of composites, consequently boosting the demand. Additionally, the market’s growth is propelled by the expansion of the marine industry and advancements in Gelcoat manufacturing technologies.
As per the report, the Gelcoat Market is expected to grow at an exponential pace.
The gelcoat market is characterized by intense competition, featuring numerous players operating on both global and regional scales. Gelcoat is a specialized material primarily utilized in the production of fiberglass-reinforced composites. Its primary function is to provide a sleek, glossy surface finish and protect the underlying structure from environmental factors. Gelcoat finds extensive application across diverse sectors such as aerospace, automotive, marine, construction, and wind energy.
The Gelcoat Market is significantly influenced by the marine industry, especially in the production of boats and yachts. The growing popularity of boating and yachting, particularly in emerging markets, is a major driver for gelcoat market growth. In the United States, the recreational boating industry generated approximately US$42 billion in sales in 2020, marking a 9% increase from the previous year, according to the National Marine Manufacturers Association (NMMA). Moreover, technological advancements in gelcoat manufacturing are shaping the industry. Companies are heavily investing in research and development to enhance the performance and characteristics of their gelcoat products. This commitment to innovation has led to the creation of novel gelcoat formulations that offer improved adhesion, water resistance, and UV stability. Furthermore, government organizations like the U.S. Department of Defense’s Defense Advanced Research Projects Agency (DARPA) are making investments in advanced composite materials, including gelcoat.
Based on resin type, the Gelcoat Market can be categorized into polyester, epoxy, vinyl ester, and others. Polyester is projected to dominate the market due to its widespread availability and cost-effectiveness. Polyester-based gelcoat offers valuable characteristics such as resistance to water and chemicals, as well as minimal shrinkage capacity. These properties make polyester resin-based gelcoat widely utilized in applications within the marine and construction industries.
Based on the end-user industry, the Gelcoat Market is categorized into Transportation, Construction, Wind Energy, Marine, and Others. The construction segment is expected to grow moderately, Gelcoat finds extensive use in constructing residential and commercial structures, as well as in major infrastructure ventures like bridges and tunnels. A driving force behind the gelcoat market’s growth in the construction sector is the rising demand for eco-friendly and long-lasting construction materials.
Based on Geography, the Gelcoat Market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The North American region has maintained its dominance in the Gelcoat Market primarily fueled by the marine industry’s escalating demand for gelcoat. The United States stands as the largest market for gelcoat in North America, courtesy of its numerous boat and yacht manufacturers. Moreover, the application of gelcoat in wind energy is another factor contributing to market expansion in the region. Additionally, the automotive industry’s growing need for lightweight materials is boosting the demand for gelcoat in North America.
As a part of the report, the major players operating in the Gelcoat Market that have been covered are Ineos Enterprise, Bufa Composite Systems GmbH, HK Research Corporation, Allnex, Scott Bader Company, Poliya Composites Resins and Polymers, Interplastic Corporation, Alpha Owens Corning (AOC) Aliancys, Polynt-Reichhold Group, Turkuaz Polyester.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/gelcoat-market
This analytics report segments the Gelcoat Market on the following basis:
Rising Demand for Organic Fertilizers Drive Growth in the Furfural Market
Press ReleasesA market research study on the furfural market, forecasted for 2023 to 2028, has been published by Knowledge Sourcing Intelligence.
The furfural market was valued at US$583.498 million in 2021 and is anticipated to grow at a steady rate during the forecast period.
Furfural is a chemical compound with the molecular formula C5H4O2. It is derived from pentose sugars, such as arabinose and xylose, and is characterized as a transparent, oily liquid with a distinct almond-like fragrance. Furfural finds various applications across different industries, including pharmaceuticals, food and beverage, agriculture, chemicals, personal care, and petrochemicals, due to its versatility as a chemical intermediate and solvent.
The key driving force behind the furfural market growth is the favorable government initiatives to promote organic fertilizers usage to tackle the growing concern of soil degradation and bioaccumulation. For instance, on June 28, 2023, the Cabinet Committee on Economic Affairs (CCEA), India approved a comprehensive package of inventive initiatives aimed at benefiting farmers. This package encompasses a total budget of Rs. 3,70,128.7 crore, designed to promote sustainable agricultural practices. As the demand for organic fertilizers increases for crop protection, the furfural demand is expected to expand significantly.
Furfural is also used to produce sustainable aviation fuels. SAFs are biofuels with properties similar to conventional jet fuel but with a lower carbon footprint. Depending on the feedstock and production technologies, SAFs can substantially reduce life cycle greenhouse gas emissions compared to traditional jet fuel.
The furfural market, based on the raw material, is divided into five segments, which include corncobs, sugarcane bagasse, rice husk, oat hulls, and others.
The furfural market, based on the application, is divided into five segments, solvent, chemical intermediate, drug intermediate, pesticide, and others.
The furfural market, based on the end user, is divided into seven segments, pharmaceuticals, food & beverage, agriculture, chemical, personal care, petrochemical, and others.
The Asia Pacific region is projected to be the market leader owing to the growing major industries, including agriculture, food and beverage, petrochemical, and pharmaceutical. In the 2021-22 fiscal year, India produced approximately 3,430,736.65 metric tons (MT) of certified organic products, encompassing a wide range of food items such as oilseeds, sugar cane, cereals and millets, pulses, fruits, dry fruits, vegetables, and other processed food. Furfural and its derivatives are also utilized to develop flavor enhancers and additives. The increasing consumption of processed food in Asian economies namely Chiba, India, and Japan has created a demand for new flavors in the food and beverages sector. This trend has presented an opportunity for the increased consumption of furfural within the region’s food and beverage industry.
As part of the competitive intelligence section of the study, the major players operating in the furfural market have been covered and analyzed. These include Behran Oil Co., LENZING AG, Central Romana Corporation, TransFurans Chemicals bvba, ILLOVO SUGAR AFRICA (PTY) LTD., Pennakem, LLC, Shandong Crownchem Industries Co., Ltd., BASF, Gravitas Chemical, Vigon International among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/furfural-market
This analytics report segments the furfural market as follows:
The vertical axis wind turbine market is expected to grow substantially during the forecast period
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new analysis report on the market the “Vertical Axis Wind Turbine- which is forecasted from 2023 to 2028”.
The prime factor driving the Vertical Axis Wind Turbine Market growth is increasing environmental concerns and reduction in carbon emission.
The vertical axis wind turbine market was valued at US$14.913 billion in 2021.
The vertical axis wind turbine (VAWT) market is a fast-growing and innovative section of the renewable energy industry. Vertical axis wind turbines, as opposed to horizontal equivalents, have distinct benefits such as omnidirectional wind collection and simplicity of maintenance. As the globe shifts towards more sustainable energy sources, the VAWT market is set to expand, providing to both urban and rural applications. The growth of this industry indicates a trend towards more efficient and adaptable wind power options with little environmental effect.
The vertical axis wind turbine (VAWT) market is expanding rapidly due to many important factors. To begin, there is a growing worldwide emphasis on renewable energy sources as a method of combating climate change and reducing reliance on fossil fuels. VAWTs are a tempting alternative for clean power generation since they provide an innovative and sustainable approach for harnessing wind energy. VAWT design technological breakthroughs are critical to market development. Ongoing R&D efforts are resulting in more efficient and cost-effective VAWT models, which improve their overall performance and dependability. Growing energy consumption, particularly in metropolitan areas, has necessitated the development of distributed energy generating technologies. Because of its omnidirectional wind capture capabilities and small form, VAWTs are well-suited for urban situations, making them an appealing alternative for localised wind power generation. Concerns about the environment and the need to decrease carbon emissions are driving governments and corporations to invest in renewable energy infrastructure, expanding the VAWT market even further. Governments throughout the world are providing incentives, subsidies, and favourable regulations to encourage the use of VAWTs, which is driving market expansion. Furthermore, the lower production costs and increased efficiency of VAWTs make them more economically viable. As VAWTs may provide sustainable power solutions in distant places, emerging markets and off-grid applications are also creating new growth potential. Collaborative research and development endeavours, as well as greater public knowledge and acceptance of the wind power, are driving the vertical axis wind turbine market forward.
The vertical axis wind turbine (VAWT) market has been categorized based on model type, application, and geography. The market has been segmented based on model type into savonius model and darrieus model. Application is further classified into small wind projects, residential application, and pumping water.
By region, Europe is the dominant region in the vertical axis wind turbine (VAWT) market. Europe has positioned itself as a pioneer and forerunner in the use and innovation of renewable energy. Several reasons, including strong government backing, favourable renewable energy legislation, and a strong commitment to decreasing carbon emissions, contribute to Europe’s leadership in the VAWT industry. Furthermore, Europe’s diverse terrain, which includes coastal regions and islands with fluctuating wind conditions, makes VAWTs an appealing alternative for efficiently harvesting wind energy. The existence of multiple VAWT producers, as well as continuous research and development activities, cement Europe’s position as the market leader in this green energy industry.
As a part of the report, the key companies operating in the vertical axis wind turbine market that have been covered are IYSERT Energy, VWT Power Ltd., ArborWind, LuvSide GmbH, Leading Edge, Lux Wind Power, Vertogen Ltd.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/vertical-axis-wind-turbine-market
This analytics report segments the vertical axis wind turbine (VAWT) market on the following basis
Global Gear Pumps Market estimated to reach US$1,465.749 million by 2028
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new analysis report on the market the “Global Gear Pumps Market – which is forecasted from 2023 to 2028”.
The prime factor driving the Global Gear Pumps Market growth is expanding industrial expansion and manufacturing activities.
The global gear pump market is expected to grow at a CAGR of 4.53% from US$1,075.018 million in 2021 to US$1,465.749 million in 2028.
The global gear pumps market is a dynamic and important component of many industrial industries, providing accurate and efficient fluid transfer solutions. Gear pumps are frequently utilised in sectors like as manufacturing, automotive, and oil and gas because of their dependability and adaptability. The requirement for sturdy and high-performance pumping systems drives this industry. As businesses expand, the gear pumps market becomes increasingly important in guaranteeing the smooth and efficient circulation of fluids inside various processes. The global gear pumps market is expected to expand significantly due to the convergence of numerous major factors driving demand and adoption. Here’s a more detailed description of what these growth factors are. The global expansion of manufacturing sectors drives up demand for gear pumps, which are essential for fluid transmission and lubrication in a variety of industrial processes. The continual growth of the automobile industry, including the development of electric cars and complex transmissions, necessitates the use of gear pumps for lubrication, cooling, and fuel injection systems.
The global market for gear pumps used in heavy machinery and construction equipment is being driven by ongoing infrastructure development, including building and mining projects. Gear pumps are essential in the energy sector for effective fluid handling in oil rigs, refineries, and pipelines, especially as exploration and production operations rise. Continuous innovation in gear pump technology drives market expansion by resulting in more efficient and dependable pumps. Because the chemical and process industries require accurate and dependable fluid management, the demand for gear pumps in chemical manufacture and processing is increasing. Gear pumps are an essential component of hydraulic systems found in a wide range of applications, including construction machinery and material handling equipment. Emerging economies and more globalisation have resulted in increased industry, which has created new prospects for gear pump makers. In conclusion, the global gear pumps market is expanding due to its critical position in a broad range of sectors and applications, as well as continued technical developments and the increase of industrial activity globally. Because of these considerations, gear pumps are an essential component of the machinery and systems that power our contemporary world.
The global gear pumps market has been categorized based on type, application, end-user, and geography. The market has been segmented based on type into external gear pump, and internal gear pump. Application is further classified into oil & fuel, paints & ink, chemical, solvents & adhesives and others.
By region, the Asia-Pacific region has emerged as the market leader in the global gear pumps market. This supremacy can be attributable to a number of variables, including The growing industrialization of the area, notably in China and India, increases the need for gear pumps in various production processes. The automobile sector is centred in Asia-Pacific, and gear pumps are widely utilised for lubrication and fuel transfer applications. Due to the region’s enormous agricultural environment, gear pumps are widely used in the agriculture industry for operations such as pesticide and fertiliser spraying. The energy and oil and gas industries, both of which are expanding in the region, rely on gear pumps for fluid transfer and lubricating operations. As Asia-Pacific’s industries continue to expand, the region’s gear pumps market is positioned for continuous expansion.
As a part of the report, the key companies operating in the global gear pumps market that have been covered are Del Pd Pumps & Gears Pvt., Gear Pump Manufacturing LLC, KRACHT GmbH, MAAG Group, Northern Pump, Rickmeier GmbH, Teral Inc., Tuthill Pumps, Verder Group, Viking Pump (IDEX Corporation).
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-gear-pumps-market
This analytics report segments the global gear pumps market on the following basis
Capacitance Meter Market is estimated to grow at a CAGR of 4.26%
Press ReleasesA new analysis report on the capacitance meter market, which is forecasted between 2023 and 2028, has been published by Knowledge Sourcing Intelligence.
The prime factors propelling the market growth of the capacitance meter market are the increasing demand for electronic components in various industries, including consumer electronics, automotive, and telecommunications, driving the need for precise capacitance measurement tools.
As per the report, the capacitance meter market is expected to grow at a significant pace.
A capacitance meter, also known as a capacitance tester or capacitance measuring device, is an electronic instrument used to measure the electrical capacitance of a component or device. It quantifies the ability of an object to store an electrical charge, typically expressed in units called farads (F). Capacitance meters are commonly employed in electronics, engineering, and quality control to assess and verify the capacitance values of capacitors, electronic components, and circuitry, ensuring proper functionality and adherence to specifications.
The market is witnessing multiple collaborations and technological advancements, for instance in April 2022 An apprentice’s final project, the Arduino Automatic Capacitance Meter, was successfully completed within a 120-hour timeframe, meeting Swiss legal requirements for original work. It utilizes an Arduino Nano Every to manage capacitor charging, pulse counting, and discharging, with precision components for range selection. The project includes a 64 MHz oscillator and a D-Sub-9 connector for Envico System integration.
Based on method type the market is divided into DC charge method, AC response method and bridge method. Among these segments, the DC charge method is experiencing significant growth due to its compatibility with modern electronic systems and its ability to provide precise and rapid measurements in various applications. The DC charge method’s efficiency and accuracy in assessing electrical resistance make it increasingly essential for industries such as electronics, telecommunications, and automotive, where precision is paramount for quality control and performance optimization.
Based on application the capacitance meter market is divided into semiconductor manufacturing, industrial processing, aircraft maintenance and others. Within these segments, the semiconductor manufacturing segment is experiencing substantial growth due to the increasing demand for electronic components and semiconductors in various devices, including smartphones, IoT devices, and electric vehicles. As semiconductor technology advances, the need for precise capacitance measurements becomes critical for quality control and production efficiency in manufacturing processes. Capacitance meters are indispensable tools in semiconductor fabrication, aiding in the assessment of electronic components’ performance and reliability, thus driving significant growth in this application segment.
Based on Geography the Asia Pacific region is witnessing remarkable growth in the capacitance meter market due to the rapid expansion of electronics manufacturing industries, the proliferation of consumer electronics, and the increasing adoption of advanced technologies like 5G and IoT. The region’s robust semiconductor manufacturing sector, coupled with rising investments in industrial automation, drives the demand for capacitance meters for precise quality control and component testing. Moreover, the Asia Pacific’s growing aerospace and defense sectors further contribute to the uptake of capacitance meters for aircraft maintenance and electronics testing applications, solidifying its significant market growth.
As a part of the report, the major players operating in the capacitance meter market, that have been covered are Metravi Instruments Pvt Ltd., Sivananda Electronics, Hoyt Electrical Instrument Works Inc., Keysight Technologies and B&K Precise Corporation.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/capacitance-meter-market
These analytics report segments the capacitance meter market on the following basis:
Crawler Crane Market valuation stood at US$2.807 billion in 2021
Press ReleasesA new analysis report on the crawler crane market, which is forecasted between 2023 and 2028, has been published by Knowledge Sourcing Intelligence.
The prime factors propelling the market growth of the crawler crane market are increasing construction and infrastructure development activities, expanding mining operations, and the need for versatile heavy-lifting machinery in various industries. Additionally, advancements in crane technology and a growing emphasis on safety and efficiency are further driving the market’s expansion.
As per the report, the crawler crane market is expected to grow at a significant pace.
Crawler cranes are heavy-duty, mobile lifting & smart machines equipped with caterpillar tracks that provide exceptional stability and maneuverability. These specialized cranes are designed for lifting and transporting heavy loads in construction, industrial, and other demanding environments, thanks to their ability to traverse challenging terrains and maintain balance while hoisting heavy materials. Crawler cranes are essential for tasks such as erecting steel structures, handling large machinery, and performing intricate lifting operations in locations where traditional wheeled cranes may struggle to operate effectively.
The market is witnessing multiple collaborations and technological advancements, for instance in April 2023 Kobelco unveiled its G-3 series Crawler Cranes at CONEXPO-CON/AGG 2023. These upgraded models prioritize operator comfort and safety, featuring Isuzu Tier 4 compliant engines, improved cabs with Bluetooth and USB capabilities, and a stylish new paint scheme. Offering lifting capacities from 160 to 275 U.S. tons, these cranes cater to diverse job site needs with various attachments while optimizing performance, reliability, and efficiency.
Based on transmission type the crawler crane market is divided into telescopic crawler crane and lattice boom crawler crane. The lattice boom crawler crane segment is experiencing remarkable growth due to its versatility and superior lifting capabilities. Lattice boom crawler cranes are particularly well-suited for heavy-duty lifting tasks in construction and industrial applications. Their lattice boom design allows for extended reach and greater height capacities, making them indispensable for large-scale infrastructure projects and industries like energy and mining. As the demand for high-performance lifting equipment continues to rise, lattice boom crawler cranes are becoming the preferred choice, thus driving major growth in this segment.
Based on End-User the crawler crane market is divided into construction, mining and ports. Among these segments the construction and mining sectors is significantly boosting the crawler crane market as these industries require robust and versatile heavy-lifting equipment to handle heavy materials and equipment efficiently. The expansion of infrastructure projects, urban development, and mining operations worldwide has led to an increased demand for crawler cranes, which offer excellent mobility, stability, and lifting capacities. These heavy-lifting construction machineries are essential for tasks such as material handling, erecting steel structures, and excavation in challenging terrains. As construction and mining activities continue to rise globally, the crawler crane market is expected to experience sustained growth in the coming years.
Based on Geography the Asia Pacific region is witnessing substantial growth in the crawler crane market due to rapid urbanization, infrastructure development, and construction activities across the region. Increasing demand for high-capacity lifting equipment in sectors such as real estate, energy, and transportation has driven the adoption of crawler cranes, while government initiatives promoting large-scale infrastructure projects further contribute to the market’s expansion. Additionally, rising investments in renewable energy projects and the need for versatile and heavy-lifting machinery in this region have propelled the crawler crane market’s remarkable growth.
As a part of the report, the major players operating in the crawler crane market, that have been covered are Liebherr, Mammoet, Manitowoc Company Inc, SANNY Group, SENNEBOGEN, Tadano Ltd, Terex Corporation, XCMG Group, ZOOMLION Heavy Industry Sciences and Technology Co Ltd.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/crawler-crane-market
These analytics report segments the crawler crane market on the following basis: