Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the …
Monthly Archives: March 2022
Biocomposites Market Rising at 16% CAGR; the Asia Pacific to Remain an Attractive Market
Over the forecast period, the global biocomposites market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032. The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving …
Heat Pumps Market Is Growth At Value CAGR Of 5.4% Between 2022-2030
According to FMI’s recent study, the heat pumps market was valued at around US$ 32 Bn in 2021 and is estimated to expand at a CAGR of 5.4% over the forecast period of 2022-2030, with a limited impact of the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with low carbon footprint, government …
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Electric Sub-meter Market to Close in on US$ 13 Bn by 2030, with Rapid Resurgence Expected Post COVID-19 Pandemic
In the current market scenario, prominent manufacturers are focusing on R&D activities for developing smart sub-meters in order to cater to several applications. Smart sub-meters help reduce electrical leakages and power cuts, and provide accurate consumption data to customers. Global value of the electric sub-meter market was US$ 9.74 Bn in 2021, and is projected to follow …
Machine Tool Oils Market Size, Share, Growth Report to 2028
Every year, millions of dollars are spent on the replacement of machine tools due to the low performance of lubricants. Machine tool oils are the ideal solution for increasing the lubrication of equipment. Proper synchronisation is required during the operation of equipment for the efficient working of the procedure. In case of improper synchronisation, the …
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Styrene Acrylic Emulsion Polymers Market Analysis forecast to 2028
Styrene acrylic emulsion polymers are water-based polymers produced by emulsion polymerization of styrene and various acrylate esters such as 2-ethylhexyl acrylate methyl, methacrylate, acrylic acid, and butyl acrylate. Styrene acrylic emulsion polymers are mainly used as construction chemicals and adhesives. They possess exceptional properties such as good durability, UV resistance and low VOCs emission rate …
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Optical Spectrum Analyzer Market Records Growth as Demand from IT and Telecommunication Rises: FMI
Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace. …
Woodworking Circular Saw Blades Market to Witness Significant Growth on Back of Rising Demand from Furniture Manufacturing Industry
Surge in the cost of raw materials such as roundwood and timber has increased operational costs and reduced profit margins for manufacturers. This is anticipated to reinforce the sale of powerful and efficient saw blades, so as to reduce material wastage and increase productivity. In addition, carbide material for tips of circular saw blades provide …
Condition Monitoring Service Market Is Estimated To Exceed US$ 3.52 Bn By The End Of 2022
The global demand for condition monitoring services is projected to surpass the valuation of US$ 6.79 Bn by 2031 end. As suggested by a new Future Market Insights (FMI) report, substantial growth in the condition monitoring service market is mainly backed by the growth of the power generation industry, which holds a prominent share of the overall market value, …
Global Crane Market Are Slated To Top US$ 43.9 Bn In 2022 And Expanding At A Steady H 3.8% CAGR During 2022-2029
In the current market scenario, rising number of construction projects in South East Asian and Latin American countries, and tie-ups with prominent sales channel partners and manufacturing entities for long-term supply, will drive the global crane market. Further, integration of smart solutions and automation in cranes are expected to enhance sales during the forecast period. Strong …