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Global industry segment analysis, regional outlook, share, growth; sensor fusion market forecast 2016 to 2026 by future market insights. Owing to rising traction of smart devices the sensor fusion technologies are experiencing an explosive growth in the recent days. Owing to ability of sensor fusion technologies to read and deduce environmental conditions such as temperature, …
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The market for absorption chillers is anticipated to be worth US$ 1,532. 7 million in 2022 and US$ 2,376. 8 million by 2032. During the forecast period of 2022–2032, the market is anticipated to grow at a CAGR of 4.5%. A chiller, also called an absorption chiller, is a thermally powered refrigeration system that uses a heat source and a liquid refrigerant …
The global truck mounted cranes market size is expected to reach US$ 3,769.7 Mn by 2032. It is set to exhibit growth at a CAGR of 4.5% between 2022 and 2032. Stiff boom models occupy over 67% of the global truck mounted cranes market. The International Monetary Fund predicts that in 2023, economic growth would rise by 3.6% worldwide, thereby providing significant potential for the infrastructure sector to …
Sales of temporary storage buildings are anticipated to increase by 6.3% CAGR from 2022 to 2032 and reach US$ 2831.3 Mn by 2032, making the global market for temporary storage buildings approximately US$ 1536.9 Mn in 2022. Storage space is required to consolidate the storage of raw materials, tools, and equipment as industrialization spreads across the globe. Future demand for …
During the forecast period, the modular robotics industry size is expected to grow at a robust CAGR of 18%. The modular robots industry is expected to be worth $9.11 billion in 2022 and reach $47.68 billion by 2032. The modularity in the robotic system grants flexibility to a single robot and allows it to perform multiple tasks. The …
Variable Refrigerant Flow (VRF) Systems is a mature heating, ventilation and air conditioning (HVAC) technology which simultaneously heat and cool area through extracting heat from an area which needs cooling and transfer heat to another area. Variable refrigerant flow (VRF) systems are installed with air conditioner inverter that adds a dc inverter which drives the …
In any type of industrial engine wet steam reduces thermal efficiency, further, it can also cause a hydraulic lock or erode internals. Thus, clean steam separators becomes an essential part of many industrial processes, where handling steam and moisture is unavoidable. A typical steam separator uses a tangential inlet and cyclonic action to instantly separate steam and …
In 2022, the market for asphalt mixing plants is projected to be worth US$6.6 billion. The growth of the industry is likely to be fueled by rising road construction activities and expanding infrastructure across nations. Between 2022 and 2032, the global demand for asphalt mixing plants is anticipated to increase at a CAGR of 2.4 percent, reaching about US$ 8.5 billion. …
In 2022, it is predicted that the global steel pipe market will most likely reach a value of US$ 90,122 Million. By 2032, the market for steel pipes is anticipated to grow at an average CAGR of 5.4 percent and reach US$ 1,51,905 Million. An increase in oil and gas production to meet the demands of the transportation industry is one …
By 2032, the global soil testing market is anticipated to generate US$ 5,670.2 million in revenue, up from US$ 3,482.3 million in 2022, with a CAGR of 5.0 percent. Due to its capacity to identify the characteristics of soil material and rock, which is essential knowledge for end-use industries like the construction and agricultural sectors, among others, soil testing is in high …