A substantial part of the high investment required in the chemical industry is for equipment, machines, and tools that are used to process chemicals. Chemical plants use specialized equipment, units, and technology to manufactur ....see more
The metering pumps market is projected to grow from USD 4.3 billion in 2018 to USD 5.9 billion by 2023, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. Metering pumps are widely used to control the flow with accuracy. The major driving factors in the metering pumps market are stringent government regulations, high growth application areas, and digital pumping solutions. The leading players in the metering pumps industry are Milton Roy (US), ProMinent (Germany), IDEX Corporation (US), LEWA (Germany), Grundfos (Denmark), SEKO (Italy), Verder Group (Netherlands), Dover Corporation (US), and Watson-Marlow Fluid Technology Group (UK).
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. Nefab Group (Sweden), United Parcel Service Inc. (US), DHL (Germany), Zarges Group (Germany), Heitkamp & Thumann Group (Germany), FedEx (US), Rogers Corporation (US), DS Smith (UK), Smurfit Kappa (Ireland), and Umicore (Belgium) are some of the leading players operating in the battery packaging market.
The global commercial refrigeration equipment market is projected to grow from an estimated USD 33.58 billion in 2018 to USD 45.45 billion by 2023, at a CAGR of 6.2%, from 2018 to 2023. The commercial refrigeration equipment market is expected to shift towards natural refrigerant-based systems because of the potential for large energy savings, and implementation of stringent regulations worldwide for phasing out ozone-depleting substances, such as hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs). The demand for NH3/CO2 cascade systems is also slated to go up gradually due to the advantages they offer for food processing and low-temperature distribution facilities. Key players in the commercial refrigeration equipment market include Carrier Corporation (US), Emerson Electric Company (US), Daikin Industries, Ltd. (Japan), and GEA Group AG (Germany).
The friction materials market size is projected to grow from USD 44.65 million in 2018 to USD 57.04 million by 2023, at a CAGR of 5.0%. The market is driven by the rising demand for passenger and commercial vehicles, which leads to the growth of friction materials consumption in auto components.Akebono Brake Industry (Japan), Federal-Mogul Holdings (US), Miba (Austria), Fras-Le (Brazil), Nisshinbo Holdings (Japan), Aisin Seiki (Japan), Valeo Friction Materials India (India), Yantai Hi-Pad Brake Technology (China), and Carlisle Brake & Friction (US), among others.
The injection molding machine market is estimated to be USD 17.08 billion in 2018 and is projected reach USD 19.68 billion by 2023, at a CAGR of 2.9% between 2018 and 2023. The growth of the market is driven by the high demand from the packaging industry, rising demand for energy saving, growing automotive industry, and advancements in injection molding technology. Key market players profiled in this report include Haitian International (China), Chen Hsong (China), Milacron (US), The Japan Steel Works (Japan), Sumitomo Heavy Industries (Japan), Arburg (Germany), Nessei Plastic (Japan), Husky (Canada), and Engel (Austria).
The battery electrolyte market is projected to grow from USD 4.20 Billion in 2018 to USD 6.18 Billion by 2023, at a CAGR of 8.1 % from 2018 to 2023. Increasing adoption of EV to reduce carbon footprint, rapid increase in automotive sales, high demand from replacement market of batteries, and increasing share of alternative energy sources in the energy mix are the key factors driving the growth of the battery electrolyte market.Mitsubishi Chemical Corporation (Japan), Ube Industries (Japan), Shenzhen Capchem Technology Co., Ltd. (China), Johnson Controls (US), Guangzhou Tinci Materials Technology Co., Ltd. (China), GS Yuasa Corporation (Japan), 3M (US), BASF SE (Germany), LG Chem (South Korea), and American Elements (US) are among the leading players operating in the battery electrolyte market. These companies have adopted various strategies such as expansions, acquisitions, and joint ventures to meet the growing demand for battery electrolyte as well as increase their market presence.
The cathode materials market was valued at USD 15.27 Billion in 2017 and is projected to reach USD 22.17 Billion by 2023, at a CAGR of 6.2% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023. Some of the key companies in the cathode materials market include Umicore (Belgium), 3M (US), Mitsubishi Chemical Holdings (Japan), POSCO (South Korea), Johnson Matthey (UK), Hitachi Chemical (Japan), Kureha (Japan), Sumitomo (Japan), Toda Kogyo (Japan), and Mitsui Mining & Smelting (Japan).
The shape memory alloys market is estimated at USD 10.62 Billion in 2017 and is projected to reach USD 18.97 Billion by 2022, at a CAGR of 12.3% from 2017 to 2022. Shape memory alloys find applications in various end-use industries because of their unique properties, such as pseudo elasticity, kink resistance, biocompatibility, high fatigue strength, and high damping capability.Some of the key players operating in the shape memory alloys market are SAES (Italy), Nippon Steel & Sumitomo Metals (Japan), ATI Specialty Alloys & Components (US), Furukawa Electric Company (Japan), Johnson Matthey (UK), Fort Wayne Metals (US), Nippon Seisen (Japan), Saite Metal Materials (China), DYNALLOY, Inc. (US), and Seabird Metal Material (China). Competition among these players is high, and they are investing on strategic developments, such as expansions, agreements, and acquisitions.
The magnesium alloys market is estimated at USD 1.30 Billion in 2018 and is projected to reach USD 2.37 Billion by 2023, at a CAGR of 12.7% during the forecast period. The growth of the market can be attributed to the high demand for magnesium alloys from the automotive & transportation, electronics, aerospace & defense, medical, and power tools industries. The market has witnessed significant growth over the last few years, due to the increased demand for magnesium alloys for lightweight automotive parts. Some of the key players operating in the magnesium alloys market include Magnesium Elektron (UK), Nanjing Yunhai Special Metals Co. Ltd. (China), Ka Shui International Holdings Ltd. (China), US Magnesium (US), Meridian Lightweight Technologies (US), Shanghai Regal Magnesium Ltd. Co. (China), and Magontec (Australia). These players have adopted various organic and inorganic strategies over the last five years to achieve growth in the magnesium alloys market.
The vapor recovery units market is projected to grow from USD 787.5 Million in 2017 to USD 1,007.2 Million by 2022, at a CAGR of 5.0% from 2017 to 2022. Rising demand for vapor recovery units owing to stringent regulations with respect to VOC emissions across the end-use industries is expected to drive the vapor recovery units market. Key players operating in the vapor recovery units market include Carbovac (France), BORSIG Membrane Technology (Germany), John Zink Company (US), SYMEX Technologies (US), Aereon (US), HY-BON/EDI (US), Cool Sorption (Denmark), VOCZero (UK), Zeeco (US), Flogistix (US), Kappa Gi (Italy), and Kilburn Engineering (India).
The sputter coater market is projected to grow from USD 595.8 Million in 2017 to USD 804.2 Million by 2022, at a CAGR of 6.2% between 2017 and 2022. The growth of the sputter coater market can be attributed to the growth of the electronics & semiconductor industry. The rising use of sputter coaters in electronics & semiconductor and medical applications is expected to drive the market during the forecast period. Key companies profiled in the sputter coater market research report are ULVAC (Japan), Quorum Technologies (UK), Bühler (Switzerland), Cressington Scientific Instruments (UK), Hitachi High-Technologies Corporation (Japan), Oxford Instruments (UK), Semicore Equipment (US), PLASSYS Bestek (France), PVD Products (US), and Denton Vacuum (US).
The chemical tankers market is projected to grow from USD 26.63 Billion in 2017 to USD 33.11 Billion by 2022, at a CAGR of 4.5% between 2017 and 2022. Note: Chemical tankers market includes revenues earned through shipping of chemicals and related products. The flourishing chemical industry and increasing capacities of chemical manufacturers are driving the demand for chemical tankers across the globe. The major players operating in the chemical tankers market are Bahri (Saudi Arabia), Stolt-Nielsen (UK), Odfjell (Norway), Navig8 (UK), MOL Chemical Tankers (Singapore), Nordic Tankers (Denmark), Wilmar International (Singapore), MISC Berhad (Malaysia), Team Tankers (Bermuda), and Iino Kaiun Kaisha (Japan).
The flue gas treatment systems market is projected to reach USD 69.11 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. Flue gas treatment systems are used in a wide range of end-use industries such as power, cement, iron & steel, non-ferrous metal, and chemical & petrochemical, among others as they control emissions of various types of pollutants such as sulfur oxide, nitrogen oxide, fly ash, acidic gases, and volatile organic compounds that cause air pollution. Growing number of infrastructure development projects in various emerging economies such as India, China, and Thailand have led to increased demand for cement, thereby leading to its increased production. This increased production of cement is expected to fuel the growth of the flue gas treatment systems market during the forecast period. General Electric (US), Babcock & Wilcox Enterprises, Inc. (US), Doosan Lentjes (Germany), Mitsubishi Hitachi Power Systems, Ltd. (Japan), FLSmidth (Denmark), and Thermax Limited (India) are the key players operating in the flue gas treatment systems market.
The global plastic fasteners market is projected to grow from an estimated USD 4.45 Billion in 2017 to USD 6.04 Billion by 2022, at a CAGR of 6.3% from 2017 to 2022. Growth in the Asia Pacific automotive industry is a major driver for the plastic fasteners market. The support of governments of the Asian countries has led to a favorable environment for local and foreign producers of automobiles to increase production. Increasing investments in residential and non-residential construction sectors in Asia Pacific and North American regions have also created a demand for plastic fasteners. Key players in the plastic fasteners market include Illinois Tool Works (US), ARaymond (France), Nifco (Japan), Stanley Black & Decker (US), and Bossard Group (Switzerland), among others.
The metal injection molding market is projected to grow from 2.58 Billion in 2017 to USD 3.77 Billion by 2022, at a CAGR of 7.83% from 2017 to 2022. The growth of this market can be attributed to the increasing demand for small and complex metal injection molded parts from end-use industries, such as electrical & electronics, automotive, medical & orthodontics, industrial, consumer products, and firearms & defense. Key players operating in the metal injection molding market include Indo-MIM (India), Dynacast International (US), ARC Group Worldwide (US), Phillips-Medisize (US), Smith Metal Products (US), NetShape Technologies (US), Dean Group International (US), and CMG Technologies (UK).
The material testing market is estimated at USD 633.6 Million in 2017 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% from 2017 to 2022. The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market. Key players operating in the material testing market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the material testing market.
The bearing isolators market is estimated to be USD 1.26 Billion in 2017 and is expected to reach USD 1.67 Billion by 2022, at a CAGR of 5.7% from 2017 to 2022. Rising awareness about the advantages offered by bearing isolators and their growing demand from end-use industries such as oil & gas, chemical processing, mining, paper & pulp, manufacturing & processing, etc., are leading the bearing isolators market. Some of the leading players operating in the bearing isolators market are Inpro/Seal (US), The Timken Company (US), Aesseal (UK), Parker Hannifin (US), Flowserve Corporation (US), Garlock Sealing Technologies (US), John Crane (US), Baldor Electric Company, Inc., (US), Elliott Group (US), Advance Sealing International (US), Beacon Gasket & Seals Co. (US), and IsoMag Corporation (US), etc.
The energy recovery ventilator market is projected to grow from USD 1.97 Billion in 2017 to USD 3.37 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022. Increasing innovations in energy recovery ventilators to meet the customized ventilation requirements of various end users act as an opportunity for the growth of the energy recovery ventilator market across the globe. Some of the leading players operating in the energy recovery ventilator market include Mitsubishi Electric Corporation (Japan), Daikin (Japan), Panasonic Corporation (Japan), LG Electronics (South Korea), Johnson Controls (US), Munters (Sweden), FUJITSU GENERAL (Japan), Carrier Corporation (US), Nortek Air Solutions (US), and Greenheck Fan (US), among others.
The flow meters market was valued at USD 6.40 Billion in 2016, and is projected to reach USD 9.30 Billion by 2022, at a CAGR of 6.42% from 2017 to 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022. Key players operating in the flow meters market include Honeywell (US), Siemens (Germany), Emerson Electric Co. (US), ABB Ltd. (Switzerland), Yokogawa Electric. (Japan), Azbil (Japan), Badger Meter. (US), Krohne Messtechnik (Germany), Schneider Electric (France), Endress Hauser (Switzerland), Litre Meter (UK), Sierra Instruments (US), SICK AG (US), Seametrics Inc. (US), EQUFLOW (Netherlands), Max Machinery.(US), McCrometer (US.), Sensirion (Switzerland), Thermal Instruments (US), Brooks Instruments (US), AW Lake Company (US), KEM Kuppers Elektromechanik (Germany), Katronic Technologies (UK), and Parker Hannifin (US).
The chillers market was approximately USD 8.80 Billion in 2016 and projected to grow at a CAGR of 4.4% during the forecast period between 2017 and 2022. The report segments the market by type into screw, scroll, centrifugal, absorption, and reciprocating chillers, and by end-use industry into chemical & petrochemical, plastic, food & beverage, medical & pharmaceutical, and rubber industry. DAIKIN INDUSTRIES, Ltd. (Japan), Carrier Corporation (US), Trane (Ireland), Johnson Controls-Hitachi Air Conditioning (Japan), Smardt Chillers Group Inc. (Canada), GEA Group (Germany), Thermax Limited (India), Dunham Bush (US), Broad Group (China), Midea Group Co. Ltd. (China), JIANGSU SHUANGLIANG ECO-ENERGY CO.LTD. (China), PolyScience (US), Climaveneta S.p.A. (Italy), Airedale Air Conditioning (UK), Bluebox (Italy), SKM Air Conditioning LLC (UAE), Thermionics Corporation (US), Thermal Care, Inc. (US), and Kaltra Innovativtechnik GmbH (Germany) are the other most active players in the chillers market.
The bronze market was valued at USD 8.51 Billion in 2016 and is projected to reach USD 10.08 Billion by 2022, at a CAGR of 2.8% between 2017 and 2022. Key players in the bronze market are Lebronze Alloys (France), Diehl Metall Stiftung & Co. KG (Germany), Wieland Metals Inc. (US), KME Germany GMBH & Co. KG (Germany), LDM B.V. (Netherlands), Concast Metal Products Co. (US), National Bronze & Metals, Inc. (US), PMX Industries Inc. (US), Ningbo Boway Alloy Material Co Ltd. (China), Ningbo Xingye Shengtai Group Co., Ltd (China), etc.
The extruders market is projected to grow from USD 8.41 Billion in 2017 to USD 10.44 Billion by 2022, at a CAGR of 4.42% from 2017 to 2022. The base year that has been considered for this study on the extruders market is 2016 and the forecast period from 2017 to 2022. The key players operating in the extruders market include Milacron Holdings Corp. (US), Toshiba Machine Co., Ltd. (Japan), The Japan Steel Works, Ltd. (Japan), Coperion GmbH (Germany), Battenfeld-Cincinnati (Germany), Davis-Standard, LLC (US), LEISTRITZ AG (Germany), Clextral (France), KraussMaffei (Germany), PRESEZZI EXTRUSION S.p.A. (Italy), and NFM (US).
The package boilers market is estimated to be USD 8.92 Billion in 2017 and is projected to reach USD 11.06 Billion by 2022, at a CAGR of 4.40% from 2017 to 2022. Cleaver-Brooks, Inc. (US), Thermax Limited (India), Hurst Boiler & Welding Co., Inc. (US) Johnston Boiler Company (US), Calderas Powermaster (Mexico), IHI Corporation (Japan), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Amec Foster Wheeler Plc. (UK), Babcock & Wilcox Enterprises, Inc. (US), Forbes Marshall Private Limited (India), Parker Boiler Company (US), Miura Boilers (US), Superior Boiler Works, Inc. (Malaysia), John Thompson (UK), York-Shipley Global (US), Rentech Boiler Systems Inc. (US), Williams & Davis Boilers (US), Mackenzie Industries (Malaysia), Vapor Power International, LLC (US), and Kawasaki Thermal Engineering (Japan) are key players operating in the package boilers market.
The self-leveling concrete market is estimated to be USD 4.93 Billion in 2017 and is projected to reach USD 6.22 Billion by 2022, at a CAGR of 4.7% from 2017 to 2022. Key players in the self-leveling concrete market are Ardex Group (Germany), Mapei S.p.A (Italy), LafargeHolcim (Germany), Arkema Group (France), Saint-Gobain S.A. (France), Sika AG (Switzerland), USG Corporation (US), The Quikrete Companies (US), Duraamen Engineered Products, Inc. (US), Durabond Products Limited (Canada), Fosroc (UK), MYK Shomburg (India), Harricrete Ltd. (Trinidad and Tobago), Flowcrete (UK), Koster Bauchemie AG (Germany), Sakrete (US), Laticrete International, Inc. (US), CTS Cement (US), Dayton Superior Corporation (US), W.R. Meadows, Inc. (US), TCC Materials (US), Larsen Building Products (UK), Durex Coverings, Inc. (US), Edison Coatings Inc. (US), , ACG Materials (US), etc.
The economizer market was valued at USD 7.70 Billion in 2016 and projected to reach USD 11.54 Billion by 2022, at a CAGR of 6.7% from 2017 to 2022. The major market players covered in the report are Schneider Electric SE (France), Johnson Controls International plc (US), Alfa Laval AB (Sweden), Babcock & Wilcox Enterprises, Inc., (US), Honeywell International Inc. (US), Thermax Limited (India), Cleaver-Brooks, Inc. (US), SAACKE GmbH (Germany), SECESPOL Sp. z o.o. (Poland), STULZ Air Technology Systems, Inc. (US), Kelvion Holding GmbH (Germany), BELIMO Holding AG (Switzerland), Cain Industries (US), Sofame Technologies Inc. (Canada), Cannon Boiler Works (US), Shandong Hengtao Group (China), and MicroMetl Corporation (US).
The global oil water separator market is projected to reach USD 9.13 Billion by 2022, at a CAGR of 3.9% from 2017 to 2022. Key players operating in the global oil water separator market include Alfa Laval AB (Sweden), Andritz AG (Austria), GEA Group AG (Germany), AB SKF (Sweden), Siemens AG (Germany), Sulzer Chemtech Ltd. (Switzerland), Parker-Hannifin Corporation (US), Wärtsilä Oyj Abp (Finland), and Donaldson Company, Inc. (US). Expansions, new product launches, and agreements are major strategies adopted by key players to enhance their businesses.
The self-cleaning filters market is estimated to be USD 5.03 Billion in 2017, and is projected to reach USD 7.18 Billion by 2022, at a CAGR of 7.4% from 2017 to 2022. Eaton Corporation plc (Ireland), Parker Hannifin Corporation (U.S.), Alfa Laval AG (Sweden), Amiad Water Systems Ltd. (Israel), 3M Company (U.S.), Baleen Filters Pty. Ltd. (Australia), The Dow Chemical Company (U.S.), Oxford Filtration Limited (U.K.), Pall Corporation (U.S.), Cummins, Inc. (U.S.), HYDAC Filter System GmbH (Germany), JUDO Water Treatment GmbH (Germany), VAF Filtration Systems (U.S.), Morrill Industries, Inc. (U.S.), SCAM Filters (Filters), Forsta Filters, Inc. (U.S.), STF Filtros (Spain), Georg Schünemann GmbH (Germany), and Orival Inc.(U.S.), among others, are the key players operating in the market.
The global plain bearing market is projected to reach USD 15.23 Billion by 2022, at a CAGR of 4.8% between 2017 and 2022. This growth is mainly attributed to the increasing demand for plain bearings in the Asia-Pacific region. Increasing applicability of plain bearings in automobile, aerospace, energy, construction, office products, and agriculture industries further propels the growth of the global plain bearing market.
The global permanent magnet market was valued at USD 14.90 Billion in 2016, and is projected to reach USD 22.67 Billion by 2021, at a CAGR of 8.8% during the forecast period. The growth in end-use industries and initiatives of associations and regulatory bodies are expected to drive the market during the forecast period.
The global automotive lead acid batteries market is projected to reach USD 45.03 Billion by 2021, at a CAGR of 4.8% between 2016 and 2021. The growth of this market can be attributed to the growing demand from the automotive industry and the used vehicles in the developed economies, including China and the U.S.
The global tungsten carbide powder market is projected to grow from 14.78 Billion in 2016 to USD 24.90 Billion by 2026, at a CAGR of 5.4% during the forecast period. Growing demand for tungsten carbide powder from various end-use industries, such as mining & construction, industrial engineering, and transportation industries is driving the growth of the global tungsten carbide powder market.
MarketsandMarkets projects that the market for district cooling will grow from USD 5.41 Billion in 2016 to USD 9.54 Billion by 2021, at a CAGR of 13.19% from 2016 to 2021. The demand for district cooling is increasing due to the growth in the demand for energy efficient cooling technologies. District cooling helps reduce greenhouse gas emission and refrigerant usage as compared to that of conventional cooling.
The portable gas chromatograph market is projected to reach USD 1.71 Billion by 2026, at a CAGR of 5.2% from 2016 to 2026. The key factor driving the growth of the portable gas chromatograph market is the rising demand for phosphite antioxidants from the petrochemical and plastic industries.
The compressor rental market is projected to reach USD 5.53 Billion by 2026, at a CAGR of 6.4% from 2016 to 2026. Increasing demand for pneumatic tools in the construction and manufacturing end-use industries is fueling the growth of the compressor rental market. Even though, the mining equipment market was experiencing a lull over the past few years, it began to witness a positive trend, in terms of demand for mining equipment since 2015.
The global concrete cooling market was valued at USD 936.0 Million in 2015 and is projected to reach USD 1,722.4 Million by 2026, at a CAGR of 5.7% from 2016 to 2026. This growth is mainly attributed to the increasing demand for concrete cooling systems in Middle East countries and countries across the world that have high temperatures. Concrete cooling is a technique which is used for reducing the temperature of poured concrete to a certain level to maintain the characteristic temperature of the concrete.
The global air handling unit market is estimated at USD 6.93 Billion in 2016, and is projected to reach USD 12.91 Billion by 2026, at a CAGR of 5.7% from 2016 to 2021. The rising usage of air handling units across various application sectors such as commercial buildings, hospitals, industries, universities, data centers, and server rooms is expected to fuel the growth of the air handling units market.
The global air separation plant market is projected to reach USD 7.27 Billion by 2026, at a CAGR of 5.3% between 2016 and 2026. This growth of this market can be attributed to the growing demand from the metal fabrication industry in the developed economies, including the U.S. and the European countries, coupled with the increasing expenditure on iron & steel production and petrochemical industries in emerging economies including China, India, Brazil, South Africa, and the UAE.
The global industrial dryers market was valued at USD 4.00 Billion in 2015 and is projected to reach USD 6.37 Billion by 2026, at a CAGR of 4.3% from 2016 to 2026. This growth is mainly attributed to the increasing demand for industrial dryers from various end-use industries such as food, pharmaceutical, chemicals, fertilizer, cement, minerals, and paper & pulp. Industrial dryers are equipment that can efficiently process large quantities of bulk materials which need reduced moisture levels. This helps several industries to meet their drying requirements.
The evaporative condensing unit market is projected to reach USD 1.61 Billion by 2026, at a CAGR of 7.2% between 2016 and 2026. This growth can be attributed to the increasing demand for evaporative condensing units from end-use industries due to its energy efficient features. Technologically advanced evaporative condensing units are being preferred by consumers due to their extended durability and shelf life, and improved performance of refrigeration and air-conditioning systems. The growing demand for advanced refrigeration systems is expected to fuel the growth of the evaporative condensing unit market.
The global high pressure seals market size is estimated to reach USD 4.84 Billion by 2021, at a CAGR of 6.6% from 2016 to 2021; and USD 6.99 Billion by 2026, at a CAGR of 7.1% from 2016 to 2026. The market is driven by the increased demand in end-use industries, such as oil & gas, chemical & petrochemical, mining, pharmaceutical, and manufacturing.
The global polymer bearing market is projected to reach USD 12.89 Billion by 2026, at a CAGR of 4.4% between 2016 and 2026. This growth is mainly attributed to the increasing demand for polymer bearings in the Asia-Pacific region. Increasing applicability of polymer bearings in the automobile, medical & pharmaceutical, textile, food processing, chemical, office products, and semiconductor industries further propels the growth of the global polymer bearing market. Polymer bearings are preferred for use on metal surfaces.
The global ductless heating & cooling systems market is projected to reach USD 78.62 Billion by 2021, at a CAGR of 8.18% from 2016 to 2021. This growth is fueled by the high potential demand from residential buildings and the increasing global demand for ductless heating & cooling systems in the Asia-Pacific, South American and Middle-Eastern & African regions. Ductless heating & cooling systems are preferred over conventional systems because of their low energy consumption and easy installation procedure.
The market size of waste heat recovery system (WHRS) was USD 44.14 Billion in 2015, and is projected to reach USD 65.87 Billion by 2021, at a CAGR of 6.90% between 2016 and 2021. The focus on cost efficiency and stringent government regulations are expected to drive the demand for the WHR system market.
The welding materials market is projected to reach USD 15.80 Billion by 2021, at a CAGR of 5.2% from 2016 to 2021. The key factor propelling the growth of the welding materials market is the increasing demand for welding materials from the transportation and building & construction industries.
The industrial batteries market is projected to reach USD 10.84 Billion by 2021, at a CAGR of 6.5% between 2016 and 2021. The growth of the market can be mainly attributed to the growing demand from the automotive sector, growth in the renewable energy sector, increased recycling efficiency of lead-acid and lithium-based industrial batteries, and superior performance of industrial batteries in terms of energy density.
The global corrosion monitoring market size was USD 176.6 Million in 2015 and is projected to reach USD 297.8 Million by 2021, at a CAGR of 9.1% between 2016 and 2021. The base year considered for the study is 2015, while the forecast period is between 2016 and 2021.
The gas analyzer market is projected to reach USD 4.06 Billion at CAGR of 5.70% between 2016 and 2021. This high growth is fueled by the increasing demand for GASD due to the implementation of stringent environmental conservation policies, and rising standards on workplace and residential safety.
The global market was valued at USD 12.07 Billion in 2015, and is projected to reach USD 21.83 Billion by 2021, at a CAGR of 10.4% between 2016 and 2021. The market is projected to witness significant growth in the coming years, owing to the rising demand of fresh water due to the increasing population, urbanization, and industrialization.
The global market size of variable displacement pumps is projected to reach USD 4.03 Billion by 2021, registering a CAGR of 4.1% between 2016 and 2021. The growing construction industry in all the regions is expected to generate demand and drive the variable displacement pumps market during the forecast period. The advanced properties such as wide volumetric & pressure efficiency range, and lightweight of the piston pump drive the global variable displacement pumps market.
The global mooring inspection market is projected to reach USD 362.5 Million by 2020, at a CAGR of 3.4% from 2015 to 2020. The market will grow due to the regulatory requirements for periodic inspection and rising concerns towards increasing mooring safety. Among all technology segment, the close visual inspection segment is the most popular and fastest-growing segment owing to its reliability in the inspection process. It is considered as the most reliable inspection technique and is commonly used in mooring inspection process.