Overview of the global turbine inlet cooling systems market
Technavio’s market research analyst predicts the global turbine inlet cooling systems market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the reduction in the number of coal-based power plants. Owing to the increase in concerns about environmental protection and the goal of clean power has been the main reasons for the closing of power plants in several countries across the globe. Also, in several countries, the consumption of natural gas as a fuel, instead of coal, for power generation is on the rise. For instance, in the UK, the major contribution to power generation is from natural gas instead of coal. This shift towards natural gas has significantly reduced the consumption of coal across the globe. Another reason for the decrease in demand for coal is the shutdown of many coal power plants with respect to environmental concerns. This reduction in the number of coal-based power plants will ensure the construction of new gas-fired power plants, which in turn will increase the demand for gas turbines and further drive the turbine inlet cooling systems market during the forecast period.
One of the latest trends gaining traction in this market is the rise in distributed power generation. Power generation is undergoing a transformation from centralized systems to integrated networks. This is due to the growing reliance on distributed power generation systems. Distributed power technologies are characterized by high flexibility, and are suited for a wide range of applications such as electric power, propulsion, and mechanical power. Distributed power technologies can operate in a standalone mode as well as work in an integrated
Overview of the beverage packaging machinery market
According to the market research analysts at Technavio, the global beverage packaging machinery market will witness impressive growth and will post a CAGR of close to 7% during the forecast period. The expansion of the brewing industry is one of the significant factors propelling the growth prospects for the beverage packaging machinery market. The easy availability of low-cost skilled labor in countries like China and Mexico has facilitated the bulk production of beer in the world. The US and Brazil are also some of the leading beer producing countries in the world. Some of the primary factors driving the demand for beer in APAC include rapid economic development, changes in consumer spending, and a sharp rise in disposable incomes. On the other hand, India is a hard liquor market and an estimated 40% of the total whiskey consumption in APAC occurred in India during 2015. Besides, over the past few years, there has been a surge in the number of microbreweries in major urban cities in India, which is expected to boost the consumption of beer in the APAC region. With the increase in the consumption and production of beer in APAC, the demand for beverage packaging machinery should increase in the coming years.
The augmented use of robotic packaging machinery is one of the latest trends gaining significant traction in the market. Fully automated robotic packaging machinery provides flexibility with regards to throughput in volume and consistency. The majority of robotic machines are equipped with advanced monitoring and control capabilities to maintain packaging lines and reduce energy consumption. Moreover, technologically advanced machinery uses real-time data collected from different machines to opimize output. Also, robotic packaging machinery
Global outlook of the surveying equipment market
Technavio’s market research analysts predict the global surveying equipment market to grow steadily during the forecast period and post a CAGR of about 6% by 2021. This industry research report identifies the rapid urbanization in emerging economies to be one of the major factors that will have a positive impact on the growth of the surveying instruments market in the coming years. With the increasing urban population across the world, the coming years will witness huge social, economic, and environmental transformations especially in the countries in Africa and Asia. It has been observed that though the people in these countries mostly live in rural areas, there will witness a considerable increase in urban populations in the next few years. This increased urbanization will consequently boost the demand for energy resources, transportations, and residential facilities and will in turn, augment the growth prospects of the surveying equipment market.
Since several activities revenue generating activities such as the transportation of goods, oil drilling, resource extraction, and fish cultivation take place in the coastal areas, the coastlines are highly populated in many countries such as the US. However, the changing climate conditions, severely affect the coastal areas and are also becoming more acidic due to the rising CO2 levels in the atmosphere, in turn, impacting marine life and resulting in shoreline erosion, coastal flooding, and water pollution. This will increase the need for new approaches to coastal area management, subsequently driving the need for surveying tools and equipment.
Competitive landscape and key vendors
Overview of the global textile testing equipment market
According to the Technavio’s analyst, the global textile testing equipment market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The increasing demand for non-woven fabrics will drive the growth prospects for the global textile testing equipment market until the end of 2021. A non-woven fabric is a web structure of the individual fibers manufactured by high-speed and low-cost processes that include web formation, web bonding, and finishing and require textile machinery in each step. One of the major factors responsible for the growing demand for non-woven testing equipment needed for the production of non-woven fabric includes benefits such as low cost, recyclability, easily disposable, and environment-friendly.
The rising use of sustainable fibers will drive the growth prospects for the global textile testing equipment market for the next four years. A large number of companies are trying various combinations and fiber mix to produce sustainable fibers that will propel the demand for textile testing equipment worldwide. For instance, a California-based company, Synergy, offers a variety of fibers with a blend of organic cotton that includes hemp and bamboo.
Competitive landscape and key vendors
The global textile testing equipment market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. According to the industry research report, a large number of established players are
Overview of the global flat glass processing machinery market
Market research analysts at Technavio predict that the global flat glass processing machinery market will grow steadily during the next four years and post a CAGR of more than 4% by 2021. This market research analysis identifies the increasing demand for computer numeric control (CNC) glass processing machinery as one of the primary growth factors for this market. Glass processing equipment are used to implement design specifications in developing the desired product, which will enable industries to develop superior-quality products with enhanced dimensional accuracy. The growing need for automation in glass manufacturing will lead to the adoption of CNC machines that offer enhanced accuracy and operational efficiency using computer-aided design (CAD) and computer-aided manufacturing (CAM). Additionally, they also have several other benefits such as easy operation and flexible programming. Moreover, these CNC machines can also function continuously without regular maintenance, which reduces human intervention and lowers operational costs. Such advantages will increase the demand for CNC glass processing equipment, in turn, fueling market growth.
Since the usage of solar glasses helps reduce solar heat gain and control glare, there will be an exponential increase in the adoption of solar control and lightweight glasses. The usage of these glasses not only decreases energy costs by reducing the need for
Global outlook of the short-staple spindles market
Technavio’s market research analysts predict the global short-staple spindles market to grow steadily during the forecast period and in terms of unit shipments, will post a CAGR of around 6% by 2021. This industry research report identifies the growth of the technical textile market to be one of the major factors that will have a positive impact on the growth of this short-staple spinning machine market in the coming years. Due to the factors such as economic growth, increasing incomes, growth of the construction sector, and the increasing expenditure on healthcare, the recent years witnessed an increased demand for technical textiles. Technical textiles are used for technical performances and functional properties and are mainly required by various industrial sectors including construction, healthcare, protective clothing, agriculture, and sports equipment/sportswear. Additionally, the growth of the automotive industry due to the increased demand for passenger vehicles and commercial fleet will also fuel the demand for technical textile products, which will consequently increase the demand for textile machinery such as short-staple spindles.
One of the major factors that will gain traction in this market is the increase in usage of sustainable fibers. To reduce the consumption on cotton and other fossil fuels, several garment companies will start adopting the usage of sustainable fibers. The support from major garment manufacturers such as Levi Strauss that uses recycled plastic bottles to manufacture denim jeans and the Better Cotton Initiative (BCI) implemented to
Heavy industry refers to application segments like construction and demolition, as well as products used in the manufacturing of engineering equipment. Heavy industry also includes ancillary industries that are related to these application segments.
Across the globe, heavy industry participants are experiencing an increasing demand for engineering equipment, tools, and components. As a result, they are incorporating advanced technology in their offerings and developing new equipment to optimize their positions in this highly competitive business environment.
Technavio’s heavy industry domain provides actionable insights that can be useful to stakeholders in manufacturing, construction, and government institutions.
Hyundai, Mitsubishi, Samsung, and Shandong are at the forefront of heavy industry.
Technavio’s portfolio of reports about heavy industry includes construction, test and measurement, equipment and machinery, tools and components, unit operations. The market dynamics of these segments are also examined.