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  • Mettler Toledo International, Inc. (US and A&D Company Ltd (Japan) are leading players in Laboratory Balances and Scales Market

    The global lab balances and scales market is projected to reach USD 1.6 billion by 2023 from USD 1.3 billion in 2018, at a CAGR of 3.7%. Factors such as technological advancements in laboratory balances and scales; expansion of research pipeline among pharma-biotech and CROs; increasingly stringent regulatory framework for product safety in biotechnology and pharmaceutical industries; and growing public emphasis on Implementation of stringent food safety guidelines are driving the growth of the lab balances and scales market. However, the limited replacement rate among end users is expected to restrain the growth of this market during the forecast period.

    • Published: November 2018

  • Market Leader - Feed Packaging Market

    The global feed packaging market size is projected to grow from USD 13.8 billion in 2018 to USD 17.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. As a result of the growing trend of online shopping for pet foods, owing to the increasing demand for convenient pet foods and growing animal husbandry and feed production in the developing regions, the market for feed packaging is expected to grow in the future. The feed packaging market is further bifurcated into pet food and livestock feed packaging.

    • Published: November 2018

  • Kemira Oyj (Finland) and Solenis (US) are the Leading Players in the Sizing Agents Market

    The global sizing agents market is estimated to be USD 3.1 billion in 2018 and is projected to reach USD 4.0 billion by 2023, at a CAGR of 5.4% during the same period. Paper and textile are the two major applications where sizing is performed. The two stages of sizing performed in paper manufacturing are internal sizing and surface sizing. Internal sizing agents are applied during the wet stage of paper manufacturing. It prepares the paper for print sharpness by controlling the penetration of liquids. They improve the surface strength and internal bond values. The global sizing agents market is mainly driven by the high demand for sizing in the in the textile and paper & paperboard manufacturing.

    • Published: November 2018

  • New product launch was the key growth strategy adopted by the leading players between 2015 and 2018 to strengthen their product portfolio and business prospects in Polymer Binders Market

    The polymer binders market is projected to grow from USD 24.1 billion in 2018 to USD 35.0 billion by 2023, at a CAGR of 7.8% during the forecast period. It is segmented into various types, such as acrylic, latex, and vinyl acetate. The market is also segmented on the basis of form into liquid, powder, and high solids. Polymer binders have wide applications such as architectural coatings, adhesives & sealants, textile & carpets, paper & board, and construction additives. The demand for polymer binders is majorly driven by the architectural coatings application. Polymer binders are used in the formulation of decorative paints & coatings as a binding agent for pigments.

    • Published: November 2018

  • Market Leader - Cryogenic Insulation Market

    The cryogenic insulation market size is estimated to be USD 2.3 billion in 2018 and is projected to reach USD 3.3 billion by 2023, at a CAGR of 7.20% between 2018 and 2023. Rising environmental awareness is contributing to the growth of the market. Volatile raw material price is the key challenge faced in the cryogenic insulation market. Growing demand for cryogenic technologies in space applications has created various opportunities for cryogenic insulation manufacturers.

    • Published: November 2018

  • IBM and Microsoft are leading players in Healthcare Business Intelligence Market

    The healthcare business intelligence market is expected to reach USD 8.9 billion by 2023 from USD 4.4 billion in 2018, at a CAGR of 15.3% during the forecast period. The growth of this market is mainly driven by the implementation of government initiatives to increase EHR adoption, growing adoption of data-driven decision-making, growing pressure to curb healthcare spending and improve patient outcomes, big data in healthcare, and the increasing number of patient registries.

    • Published: November 2018

  • Key players have adopted various strategies to grow in the global Commercial P2P CDN Market

    Peer-to-Peer Content Delivery Network (P2P CDN) is a geographically dispersed network of various peers/users turned into cache servers or proxy servers, also known as edge servers. MarketsandMarkets expects the commercial P2P CDN market size to grow from USD 1.3 billion in 2018 to USD 2.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.8% during the forecast period.

    • Published: November 2018

  • Key players are adopting various strategies such as acquisitions, partnerships, and expansions in Tractor Implements Market

    The tractor implements market is estimated to account for USD 57.3 billion in 2018 and is projected to reach USD 76.1 billion by 2023, growing at a CAGR of 5.84% during the forecast period. High labor cost and the need to reduce post-harvest losses are the key drivers for the growth of the tractor implements market.

    • Published: November 2018

  • Market Leaders: Product launches, developments, agreements, and investments are the key strategies adopted by the key players in the global Bitterness Suppressors and Flavor Carriers Market

    The bitterness suppressors and flavor carriers market is estimated to be valued at USD 192 million in 2018 and is projected to grow at a CAGR of 4.9%, to reach USD 244 million by 2023. The rapid urbanization, changing lifestyles, growing demand from the pharmaceutical industry, and higher disposable incomes have positively impacted the demand for processed food & beverages; this has resulted in the growth of the bitterness suppressors and flavor carriers market.

    • Published: November 2018

  • Henkel (Germany) and Arkema (Bostik) are the Major Players in the Water-based Adhesive Market

    The water-based adhesive market size is estimated at USD 15.3 billion in 2018 and is projected to reach USD 20.2 billion by 2023, at a CAGR of 5.7%. This growth is attributed to the high demand for water-based adhesives from the tapes & labels, paper & packaging, and woodworking applications.

    • Published: November 2018

  • Market Leaders - Automotive Simulation Market

    The automotive simulation market is projected to grow from USD 1.4 billion in 2018 to USD 2.9 billion by 2025, at a CAGR of 11.1% during the forecast period. The demand for enhanced safety, convenience, and comfort features in automobiles is growing steadily. These rapid changes compel manufacturers to alter their designs repetitively. These continuous changes in powertrain, HEV/EV, chassis, advanced driver assistance, and infotainment systems are expected to drive the growth of the automotive simulation market.

    • Published: November 2018

  • Power Amplifier Companies - Infineon Technologies (Germany), Texas Instruments (US) are the Key Players

    The power amplifier market is expected to grow from USD 21.4 billion in 2018 to USD 30.6 billion by 2023, at a CAGR of 7.4%. Major factors driving the power amplifier market include the need for high-quality audio and the increasing use of LTE technology.

    • Published: November 2018

  • Application Processor Companies - Apple (US) and Samsung Electronics (South Korea) are the Key Players

    Application processor is basically a system on chip (SoC) designed for supporting applications in mobile devices, such as smartphones, smartwatches, PC tablets, ADAS, and automotive infotainment systems. In these devices, application processors support various applications including memory management, multimedia decoding, and graphics processing. Consumer electronics and automotive are the 2 main industries where application processors are extensively used. The application processor market is expected to be valued at USD 29.0 billion in 2018 and is likely to reach USD 38.2 billion by 2023, at a CAGR of 5.63% during the forecast period. Growing demand for application processors from emerging countries in APAC is one of the major factors fueling the growth of the application processor market.

    • Published: November 2018

  • Product launches and acquisitions are the key growth strategies adopted by players in the global Protein Sequencing Market

    The global protein sequencing market is projected to reach USD 1,088 million by 2023 from USD 925 million in 2018, at a CAGR of 3.3%. Factors such as increasing financial support from government and private bodies for proteomic research, advancements in clinical mass spectrometry and analytical techniques, and significant adoption of target-based drug development by pharmaceutical and biotechnology companies are expected to propel the growth of the market.

    • Published: November 2018

  • Market Leader - Paper Chemicals Market

    The paper chemicals market is estimated to be USD 36.4 billion in 2018 and is projected to reach USD 40.2 billion by 2023, at a CAGR of 2.0% between 2018 and 2023. The market is mainly driven by the high demand for paper chemicals in the production of packaging paper.

    • Published: November 2018

  • New Revenue Pockets: Growth in the global demand for edible oils to drive the Deodorization Systems Market

    The deodorization systems market is estimated at USD 3.4 billion in 2018 and is projected to reach USD 4.3 billion by 2023, at a CAGR of 4.9%. Increasing industrialization and rapid urbanization have fueled the demand for reactive deodorization technology, which has significantly contributed to the growth of the market. Imposition of stringent regulations pertaining to oils with lower fatty acid content has further escalated the demand for deodorization technology in the edible oils industry. The deodorization technology solutions help end users in maintaining a certain level of purity during refining processes of edible oils. These factors are projected to drive the growth of the deodorization systems market during the forecast period.

    • Published: November 2018

  • Underwriters Laboratories (US) and TÜV Rheinland (Germany) are the Leading Players in the Cable Testing and Certification Market

    The global market size of cable testing and certification is projected to grow from USD 11.3 billion in 2018 to USD 14.7 billion by 2023, at a compound annual growth rate (CAGR) of 5.4% during the forecast period. The major driving factors in the cable testing and certification market are rising electricity generation in the OECD and non-OECD countries and growth in the global electronics and information technology (IT) industries.

    • Published: November 2018

  • Salesforce (US) and SAP SE (Germany) are the Leading Player in the Healthcare CRM Market

    The healthcare CRM market is estimated to reach USD 17.4 billion in 2023 from USD 8.8 billion in 2018, at a CAGR of 14.6% during the forecast period. The benefits of CRM software and a growing focus on patient engagement are the major factors driving the growth of the healthcare CRM market. On the other hand, concerns regarding patient data security and the high cost and complexity of the CRM implementation process may limit market growth to a certain extent during the forecast period.

    • Published: November 2018

  • ACI Worldwide and Fiserv are leading players in Real-Time Payments Market

    Real-Time Payments (RTP) is an electronic payment solution. Real time payments means simply paying or receiving payments in real-time, i.e., it enables one to pay or receive payments within few seconds, anytime, 24/7, and on all 365 days. Real time payments provides convenience, speed, and rapid availability of funds. Real time payments guarantees immediate availability of funds to the beneficiary of the transaction. It can benefit financial institutions, merchants, consumers, and the society by offering enhanced visibility into payments, enabling better cash management, and helping businesses better manage day-to-day operations by improving the liquidity.

    • Published: November 2018

  • Merck (Germany) and Thermo Fisher Scientific (US) are the leading players in the Apoptosis Assays Market

    The global apoptosis assays market is projected to reach USD 5.9 billion by 2023 from USD 3.6 billion in 2018, at a CAGR of 10.5%. Factors such as the rising incidence and prevalence of chronic and infectious diseases, growing funding for cancer research, growing cell-based research, and development of apoptosis-modulating drugs are driving the growth of this market. The emerging markets are expected to provide growth opportunities for players operating in the apoptosis assays market in the coming years. However, high investments required for research and development is expected to restrain the growth of this market to a certain extent during the forecast period.

    • Published: November 2018

  • Market Leader - Surgical Snares Market

    The global surgical snares market size is expected to grow from USD 992 million in 2018 to USD 1255 million by 2023, at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period. The major driving factors in the surgical snares market are increasing number for colon polypectomy procedures, growth of the endoscopic ASCs segment, and a rising preference for minimally invasive surgeries are the key factors.

    • Published: November 2018

  • Tenneco (US) and Vibracoustic (Germany) are the Important Players in the Automotive Bushing Market

    The global automotive bushing market is projected to grow from an estimated USD 132.20 billion in 2018 to USD 175.31 billion by 2025, at a CAGR of 4.11% from 2018 to 2025. North America is estimated to be the largest market for automotive bushings during the forecast period. The North American automotive bushing market is estimated to be USD 43.79 billion in 2018 and is projected to reach USD 57.52 billion by 2025. Europe is expected to be the second-largest market for automotive bushings with an estimated market size of USD 37.45 billion in 2018. The Asia Pacific market is expected to grow at the highest CAGR of 4.53% during the forecast period. Factors such as an increase in vehicle production in China, Japan, and India and the rising demand for ride quality, vehicle lightweighting, and vehicle safety are driving the market growth in the Asia Pacific region.

    • Published: November 2018

  • Market Leader - AC Electric Motor Sales in Oil & Gas Market

    The global AC Electric Motor sales in oil & gas market is projected to reach USD 13.2 billion by 2023, at a CAGR of 4.62%, from an estimated USD 10.5 billion in 2018. The growth of the AC Electric Motor sales in oil & gas market is mainly driven by the Transition to energy-efficient motors in oil & gas industry across the globe. The oil & gas sector has been witnessing a dependency on automation around the world. The trending demand for energy efficient motors and strict energy standards in oil & gas sector will drive the demand for AC electric motors in oil & gas industry.

    • Published: November 2018

  • Boral Limited (Australia) and Charah Inc. (US) are the Key Players in the Fly Ash Market

    The fly ash market size is expected to grow from USD 3.4 billion in 2018 to USD 4.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period. The major driving factors for the fly ash market are the growth in the construction industry, increasing focus on infrastructure and road paving, promotion of fly ash by the governments of various countries, and increasing focus on the use of environment-friendly products.

    • Published: November 2018

  • EdgeVerve (India) and Oracle (US) are leading players in Digital Banking Platforms Market

    MarketsandMarkets forecasts the global Digital Banking Platforms market size is expected to grow USD 8.2 billion in 2021 to USD 13.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. The digital banking platforms market is gaining traction due to growing demand among banks for delivering enhanced customer experience and increasing adoption of cloud-based solutions by financial institutions.

    • Published: November 2018

  • New Product Launches and Partnerships/Collaborations to Expand their Product Portfolios and Grow Further in the Load Balancer Market.

    The global load balancer market size is expected to grow at a CAGR of 13.7% during the forecast period, to reach USD 5.0 billion by 2023 from USD 2.6 billion in 2018. Increasing adoption of cloud load balancing services, data center traffic, and server virtualization are expected to spur the demand for load balancer offerings across the globe.

    • Published: November 2018

  • Automated 3D Printing Companies - Stratasys (Israel) and SLM Solutions (Germany) are the Leading Manufacturers

    The automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65% during the forecast period. The increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing are the major factors driving the market growth.

    • Published: November 2018

  • Voice Cloning Market have adopted various growth strategies to expand their presence across the globe

    MarketsandMarkets expects the global voice cloning market size to grow from USD 456 million in 2018 to USD 1,739 million by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. The growth drivers for the market include a rapid surge in the demand for Internet of Things (IoT) and connected devices, and the rise in the number of initiatives in voice cloning projects.

    • Published: November 2018

  • IDEXX (US), Fujifilm (Japan), Onex Corporation (Canada), and Agfa-Gevaert (Belgium) are the Leading Players in the Veterinary X-ray Market

    The veterinary X-ray market is projected to reach USD 872 million by 2023 from USD 640 million in 2018, at a CAGR of 6.4%. Rising animal health expenditure and growing demand for pet insurance, increasing number of veterinary practitioners in developed regions, and growth in the companion animals market are the primary drivers for the veterinary X-ray market during the forecast period.

    • Published: November 2018

  • RPC Group (UK) and Amcor (Australia) are the Major Players in the Thin Wall Packaging Market

    The global thin wall packaging market size is expected to grow from USD 42.8 billion in 2018 to USD 53.7 billion by 2023, at a compound annual growth rate (CAGR) of 4.64% during the forecast period. The rising demand for packaged food & beverages is expected to drive the growth of the thin wall packaging market.

    • Published: November 2018

  • Major growth strategies adopted by these players are partnerships, collaborations and agreements, and new product launches/product enhancements in Composable Infrastructure Market

    The composable infrastructure market size is estimated to be USD 616 million in 2018 and expected to reach USD 5,102 million by 2023, at a Compound Annual Growth Rate (CAGR) of 52.6% during the forecast period. The major factors driving the growth of the composable infrastructure market include growing need to bridge the gap between traditional and new IT infrastructure, growing need for highly scalable data storage solutions, such as composable infrastructure and the growing adoption of virtualization.

    • Published: November 2018

  • Most dominant strategy adopted by major players in Battery Packaging Market

    The battery packaging market is projected to grow from USD 20.6 billion in 2018 to USD 36.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period. The growth of the battery packaging market can be attributed to the increased consumption of batteries in the automotive, energy storage, and consumer electronics industries.

    • Published: November 2018

  • Emerson (US) and ABB (Switzerland) are the Major Players in the Oil & Gas Sensors Market

    The global oil & gas sensors market is projected to reach USD 9.4 billion by 2023 from an estimated USD 7.4 billion in 2018 at a CAGR of 4.81%. The market in Asia Pacific is estimated to be the largest, followed by North America. Factors such as growing IoT in the oil & gas industry and increased investment in refining capacity additions are driving the oil & gas sensors market.

    • Published: November 2018

  • Key players have adopted various growth strategies, such as mergers & acquisitions, expansions Hybrid Composites Market

    The market size of hybrid composite is expected to grow from USD 436 million in 2018 to USD 876 million by 2023, at a CAGR of 15.0% during the forecast period. The major drivers of the hybrid composites market are balanced cost and performance characteristics offered by these composites.

    • Published: November 2018

  • New product launches has been the most dominating strategy adopted by major players in Pacemakers Market

    The pacemakers market is projected to reach USD 4.9 billion by 2023 from USD 4.4 billion in 2018, at a CAGR of 2.0% during the forecast period. The major driving factors in the pacemakers market are increasing prevalence of cardiovascular diseases and technological advancements in devices.

    • Published: November 2018

  • Exxon Mobil Corporation (US) and Sinopec Corporation (China) are the Leading Players in the Specialties of Lube Oil Refinery Market

    The global specialties of lube oil refinery market is estimated to be USD 10.4 billion in 2018 and is projected to reach USD 11.3 billion by 2023, at a CAGR of 1.8%. This growth is mainly attributed to the high demand from the cosmetics, food packaging, and pharmaceutical applications.

    • Published: November 2018

  • Collimating Lens Companies - LightPath Technologies (US) and Ocean Optics (US) are the Leading Manufacturers

    The overall collimating lens market is estimated to grow from USD 289 million in 2018 to USD 380 million by 2023, at a CAGR of 5.7% from 2018 to 2023. The increasing importance of fiber optics collimating lenses and growing demand for collimating lenses in various applications provide growth opportunities for the collimating lens market players. The growth of the market is mainly driven by advantages of collimating lenses in various applications and benefits of using aspheric lenses over traditional spherical lenses in optical systems.

    • Published: November 2018

  • Limagrain Céréales Ingrédients (France) and Liven S.A. (Spain) are the Key Players in the Snack Pellets Market

    The snack pellets market size was valued at USD 2.0 billion in 2018 and projected to grow at a CAGR of 5.3%. In terms of volume, it is projected to reach 1,840.3 KT by 2023, growing at a CAGR of 3.9% from 2018. The global snack pellets market in the food & beverage industry has been growing significantly in accordance with the processed food industry. The growing awareness about health and wellness has led to an increased demand for healthy food ingredients, thereby contributing to the demand for healthier and multigrain-based snack pellets products.

    • Published: November 2018

  • Market Leaders: New product launches, expansions & investments, acquisitions & mergers, agreements & joint ventures, and partnerships are the strategies adopted by key players in the global Food Stabilizers (Blends & Systems) Market

    The market for food stabilizers (blends & systems) was valued at USD 2.3 billion in 2018, and it is projected to grow to USD 2.8 billion by 2023, at a CAGR of 4.0%.The key players profiled have a strong presence in the global food stabilizers (blends & systems) market; The global food stabilizers (blends & systems) market comprises major international players including Cargill (US), DowDuPont (US), Tate & Lyle (UK), Kerry (Ireland), CP Kelco (US), Palsgaard (Denmark), Ashland (US), ADM (US), BASF (Germany), Ingredion (US), Hydrosol (Germany), and Nexira (France).

    • Published: November 2018

  • Market Leader - Liquid Milk Replacers Market

    The global liquid milk replacers market size is expected to grow from USD 188 million in 2018 to USD 243 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The major driving factors in the liquid milk replacers market are increasing consumption of dairy products and the adoption of precision nutrition technique.

    • Published: October 2018

  • New product launches and upgradations; and partnerships, agreements, and collaborations, have been the most dominating strategies adopted by the major players in TV Analytics Market

    The global TV analytics market is expected to grow from USD 1.9 billion in 2018 to USD 4.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period. Factors that drive the market growth are the increasing business competition to deliver the content of audiences’ choice and the rising social media and social advertising trends.

    • Published: October 2018

  • Market Leaders - Hub Motor Market

    The global hub motor market is projected to grow at a CAGR of 5.01% during the forecast period to reach USD 10.82 billion by 2025 from an estimated USD 7.69 billion in 2018. The base year for the report is 2017, and the forecast period is from 2018 to 2025. The growth of the hub motor market is driven by increased performance, driving range, reliability, and provision for improved electric two wheeler performance similar to ICE vehicles. Additionally, it can reduce vehicle part count, complexity, and cost by integrating motor controller into the system. The system can also be combined with regenerative braking to enhance performance and increase distance coverage.

    • Published: October 2018

  • Market Leaders - MV Protection Relay Market

    The global MV protection relay market is projected to reach USD 1,115 million by 2023, at a CAGR of 5.33%, from an estimated USD 860 million in 2018. In 2018. The market in Asia Pacific is estimated to be the largest, followed by North America. Factors such as growth of the renewable industry and upgradation of existing substation and feeder line protection are driving the MV protection relay market.

    • Published: October 2018

  • Telepresence Robot Companies - Double Robotics (US) and Inbot Technology (China) are the Key Players

    The telepresence robot market is expected to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%. The telepresence robot market is highly competitive with the presence of numerous big and small players. The market is dominated by the companies in the Americas, followed by those in Europe and APAC.

    • Published: October 2018

  • BASF (Germany) and Total (France) are the Leading Players in the Expanded Polystyrene Market

    The EPS market is expected to grow from USD 15.5 billion in 2018 to USD 20.1 billion by 2023, at a CAGR of 5.3% during the forecast period. The major driving factors in the EPS market are the growing construction and packaging industries in the developing countries.

    • Published: October 2018

  • Market Leader - Modular Robotics Market

    The modular robotics market is expected to grow from USD 4.70 billion in 2018 to USD 10.76 billion by 2023, at a CAGR of 18.00% during the forecast period. Factors driving the growth of the modular robotics market include growing investment in industrial automation and increasing adoption of collaborative modular robots owing to their benefits and features.

    • Published: October 2018

  • New Revenue Pockets - Food Deaerators Market

    The global food deaerators market was valued at USD 270 million in 2018 and is projected to reach USD 363 million by 2023, at a CAGR of 6.1% from 2018 to 2023. The key drivers of the market are the increasing beverage consumption, the growing demand for convenience food products with an extended shelf life, and reduced side-effects of high-dissolved oxygen in beverages. Increasing capital consumption in the beverage industry and investments by governments in the food processing machinery & equipment industry is projected to create profitable growth opportunities for the market. However, low capital investment is projected to inhibit the market growth during the forecast period.

    • Published: October 2018

  • Illinois Tool Works Inc. (US) and Henkel (Germany) are the Key Players in the Methyl Methacrylate Adhesives Market

    The market size of MMA adhesives is estimated at USD 1.09 billion in 2018 and is projected to reach USD 1.56 billion by 2023, at a CAGR of 7.5%. The increasing demand for lightweight and low carbon-emitting vehicles, the superior performance of MMA adhesives, and increasing demand from the automotive and marine end-use industries are expected to drive the MMA adhesives market during the forecast period.

    • Published: October 2018

  • New strategy adopted by major players from 2016 to 2018 in Production Monitoring Market

    The global production monitoring market size is expected to grow from USD 4.0 billion in 2018 to USD 6.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. The major driving factors in the production monitoring market are rising demand for industrial automation in the manufacturing industry, servitization in manufacturing, need for centralized and predictive maintenance, and rise of industry 4.0.

    • Published: October 2018

  • Industrial Vacuum Cleaner Companies - Kaercher GmbH & Co. KG (Germany) and Nilfisk A/S (Denmark) are the Leading Manufacturers

    The industrial vacuum cleaner market is expected to grow from USD 536.9 million in 2018 to USD 681.3 million by 2023, at a CAGR of 4.88%. Benefits offered by industrial vacuum cleaners include the removal of tough deposits and hard stains from industries, continuous cleaning operations, and saving on the labor and man hours, which drive the industrial vacuum cleaner market growth. The awareness of safety and hygiene at workplaces is increasing day by day. Industries have their own unique set of cleaning challenges. Dirty and contaminated areas in industries can significantly impact the health of employees. Further, the Occupational Safety and Health Administration (OSHA), an agency of the United States Department of Labor, has stated the rules for clean and hygienic workplaces. Moreover, increasing labor cost in developing countries such as India and China drive the demand for industrial vacuum cleaners in those countries.

    • Published: October 2018

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