New Product Development
Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to …
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The global automatic thermoforming vacuum machine market is anticipated to be valued at US$ 181.7 Million in 2022, forecast to grow at a CAGR of 4.1% to be valued at US$ 271.6 Million from 2022 to 2032. Growth is attributed to the growing food and beverages industry. Thermoforming is the method used to process and mold the plastic materials. The vacuum thus formed …
The propeller shaft is one of the most important components in the transportation industry. Its main purpose is to transmit power to a propeller or to the wheels of automobiles. It is generally made of alloy steel, but with technological developments and advancements, steel shafts are being replaced by composite material shafts. These days, CFRP propeller …
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Increasing research and development (R&D) activities aimed at the development of new production technologies are expected to create growth opportunities for sodium hydroxide market, finds by Future Market Insights (FMI) in a recent research study. According to the report, the sodium hydroxide sales are anticipated to surge at a CAGR of 4.3%, reaching US$ 43.7 Bn …
Stainless steel market is anticipated to reach US$ 193.97 Bn by the end of 2031 owing to the increasing demand from various industries. As per a study by Future Market Insights (FMI), the growing demand for corrosion resistant material. With high tensile strength material in various sectors such as chemical industries, petrochemicals industries, food and beverage …
Electrification and autonomous mobility have the potential to be game changers for advanced driver assistance systems (ADAS) sensors market, according to a new study by Future Market Insights (FMI). The amalgamation of the two is set to fuel an astounding 14.1% growth of the ADAS sensors market during the period 2022-2030. Despite the recessionary headwinds of …
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The global lightweight compact wheel loader market is estimated to expand at a sluggish pace, reaching the valuation of US$ 2.03 Bn in 2030. Lightweight compact wheel loaders are emerging as preferred equipment on job sites for many projects, a regular-sized wheel loader may be very large for the worksite. In these cases, lightweight compact wheel loaders …
Rising demand for lightweight vehicles is expected to drive sales in the expanded polypropylene (EPP) foam market. According to a study by Future Market Insights (FMI), the market is expected to exhibit 6.0% CAGR between 2021 and 2031 Globally, the growth of global expanded polypropylene (EPP) foam market is driven by the increasing demand from automotive …
As per FMI analysis, the global veneer sheets market is projected to reach a market value of US$ 41,163 Mn by 2031, growing at a CAGR of 2.3% during the forecast period of 2021-2031. Steady growth registered by the veneer sheets market is attributable to consistently rising demand from commercial and residential construction. In a new study, …
Nowadays, automotive engines require excessively large oil flow, especially at low engine speed, since conventional unregulated pumps lead to substantial losses at higher speed, as the pump’s output depends on engine speed. For effective automotive piston cooling and lubrication, automotive variable oil pumps precisely provide the correct quantity of oil in all conditions, and also help reduce …