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 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 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 industrial cooling system market is projected to reach USD 17.24 Billion by 2021, at a CAGR of 5.0% between 2016 and 2021. This growth is mainly attributed to impressive development of power generation manufacturing industry in Asia-Pacific, increasing nuclear power generation capacities, and rising demand of cooling systems in thermal power generation industry.
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.
The global semi-automatic filling equipment and manual filling equipment market was valued at USD 3.39 Billion in 2014 and is projected to reach USD 4.52 Billion by 2020, at a CAGR of 4.9% between 2015 and 2020. Filling equipment is critical for all filling lines. Based on type, the filling equipment market is classified into semi-automatic filling equipment and manual filling equipment. The semi-automatic filling equipment segment held the largest share in 2014.
Dispensing systems are material dispensing equipment with applications in a wide range of industries, such as chemicals, healthcare & pharmaceutical, industry & manufacturing, food & beverages, electronics, automotive, and construction, among others. The global dispensing systems market, in terms of value, is projected to reach USD 40.5 Billion by 2020 from USD 31.5 Billion in 2015, at a CAGR of 5.1% from 2015 to 2020.
The industrial DeNOx systems and services market is expected to grow at a steady pace during the next five years. It is driven by increasing stringency of regulations on emissions from utilities and industrial boilers. The report estimates the industrial DeNOx systems and services market size in terms of revenue.