Growth in Construction Industry in Developed and Developing Nations Driving Excavator Remanufactured Components Market Growth Countries such as the United States, India, Canada, Germany, and France have shown significant investments in new construction and infrastructure development projects with government support and initiatives. For instance, according to the European Commission, the construction industry directly employs more […]
ANSI Cartridge Seals Market was valued at US$ 514.61 Million in 2023 and is expected to reach to US$ 761.54 Million by 2030; it is estimated to record a CAGR of 5.8% from 2023 to 2030
ANSI cartridge seals are used in pumps to prevent fluid leakage between a rotating shaft and stationary housing in different industries, such as chemicals, pharmaceuticals, and food & beverages. According to the Cefic, the European Chemical Industry Council, Europe is the second-largest producer of chemicals in the world. In Europe, the chemical sales of the […]
Agriculture Compact Tractors Market was valued at US$ 5,572.4 Million in 2022 and is expected to reach to US$ 7,549.5 Million by 2030; it is estimated to record a CAGR of 3.9% from 2022 to 2030
Increased Demand in Forestry Applications Boosts Agriculture Compact Tractor Market Growth With the progress of the urbanization trend, the demand for wood has increased rapidly across the world. As a result, the adoption of tractors in the woodlots and private forests is growing notably. In Europe, roundwood production increased by 3.8% in 2021, following a […]
Aerial Work Platforms Market was valued at US$ 16,210.00 Million in 2022 and is expected to reach to US$ 28,951.38 Million by 2030; it is estimated to record a CAGR of 7.52% from 2022 to 2030
Rise in Ongoing Maintenance Requirements is Driving the Aerial Work Platforms Market Growth As the global landscape of infrastructure continues to expand, there is an increasing need for efficient and safe solutions to address maintenance needs at elevated heights. Scissor lifts, boom lifts, vertical mast lifts, and other types of aerial work platforms emerge as […]
Vacuum Insulated Tubing Market was valued at US$ 35.71 Million in 2022 and is expected to reach to US$ 61.38 Million by 2030; it is estimated to record a CAGR of 7.3% from 2022 to 2030
Vacuum insulated tubing can be used in oil and gas extraction operations to provide thermal insulation in oil and gas wells. It helps maintain the wellbore’s temperature, preventing heat loss and improving the efficiency of oil recovery processes, such as steam-assisted gravity drainage (SAGD) for heavy oil recovery. This is particularly important when maintaining elevated […]
Sewer Cable Market was valued at US$ 84.32 Million in 2022 and is expected to reach to US$ 115.99 Million by 2030; it is estimated to record a CAGR of 4.1% from 2022 to 2030
The governments and municipalities in developed and developing countries are emphasizing substantially on sewage systems to ensure appropriate hygiene maintenance. They are investing in systems and equipment for sewage cleaning. This factor triggers the demand for sewer cables among sewage cleaning systems manufacturers (OEMs) as well as other users (aftermarket businesses). The increased volume of […]
Industrial Valves Market was valued at US$ 64,335.89 million in 2023 and is expected to reach to US$ 89,331.32 million by 2028; it is estimated to record a CAGR of 4.2% from 2023 to 2031
An industrial valve is a mechanical device used for regulating or obstructing the flow of gas or liquid within a system. Industrial valves were initially developed using metals; however, valves made of various polymers are also offered in the market. Ball valves, gate valves, and butterfly valves are among the most used valves across the […]
Pipe Relining Market was valued at US$ 8,499.51 million in 2022 and is expected to reach to US$ 12,761.26 million by 2030; it is estimated to record a CAGR of 5.2% from 2022 to 2030
Increased Adoption of Pipe Relining to Lower Cost of Pipes Restoration Methods is Driving the Pipe Relining Market Growth Traditional sewer pipeline repair methods involve excavation and digging, which are costly, time-consuming, and disruptive processes. These processes take several days and even weeks, depending upon the complexity of the issue. With pipe relining, the cost […]
Horizontal Directional Drilling Market was valued at US$ 2,802.69 million in 2022 and is expected to reach to US$ 6,420.45 million by 2030; it is estimated to record a CAGR of 3.9% from 2022 to 2030
Mineral exploration activities are one of the major application areas of horizontal directional drilling equipment. The mineral exploration sites require a high level of drilling activities, which is boosting the demand for horizontal directional drilling equipment in various nations. Countries such as Australia, China, Russia, Brazil, Canada, and the US are widely involved in mineral […]
Type-C Tanks Market was valued at US$ 17,812.19 million in 2022 and is expected to reach to US$ 26,715.28 million by 2030; it is estimated to record a CAGR of 5.2% from 2022 to 2030
Increasing Number of Shipbuilding Contracts for New Fleet Expansion is Propelling the Type-C Tanks Market Growth The rising trend of using LNG in marine and various end-use industries has surged the number of shipbuilding contracts and ventures for new fleet expansion. For instance, in 2023, GTT received two purchase orders for the tank design of […]