Heavy Industry

Format: 2017-01-19
Format: 2017-01-19
November 29, 2016 | 89 Pages | SKU: IRTNTR10956

Global outlook of the control valves market

Technavio’s market research analysts predict the global control valves market to grow steadily during the next four years and post a CAGR of more than 5% by 2020. This industry research report identifies the expected increase in demand for control valves from the oil and gas industry to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The oil and gas industry uses control valves in various applications including the initial stages of the extraction of crude oil and gas till the refinery processes and in the associated pipelines. To ensure the continuation of efficient operations, countries such as the Middle East have started focusing on the renovation of existing refineries and are also concentrating on the expansion of their oil refineries to meet the growing demand for crude oil. This will result in increased investments towards infrastructural and pipeline development that will demand the need for control valves from this industry, in turn, bolstering the market’s growth prospects.

This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the next four years. The expansion of the power infrastructure by countries such as the US and the availability of natural gas that will result in the construction of several new combined cycle gas turbine (CCGT


November 28, 2016 | 77 Pages | SKU: IRTNTR10932

Global market outlook for HVAC insulation

The global HVAC insulation market is estimated to exhibit steady growth and will post an impressive CAGR of over 7% by 2020. The recent increase in construction activities across the globe is a key factor leading to the strong growth of this market during the predicted period. It has been noted that the growth of the construction industry plays a significant role in boosting the global HVAC insulation market. New developments in the residential, commercial, and industrial sectors have increased the demand for HVAC systems, which subsequently translates into the demand for HVAC insulation to improve building efficiency. Also, recent innovations in building design and increased focus on energy efficiency for buildings have created an opportunity for HVAC insulation manufacturers to expand their foothold in the market.  Since these systems find high application in the residential construction market, the recent rise in the installation of privately owned housing units has led to the increased demand for HVAC systems during the estimated period.

Globally, the market for HVAC insulation is dominated by the APAC region, where factors like rising investments in the real estate sector lead to the strong growth of this market. This region is envisaged to retain its dominating hold over the market by 2020 due to heavy investments in the development of land sites in Tier 1 and Tier 2 cities and rapid urbanization.  Additionally, in this region, it has also been noted that nearly 200 million people are likely to shift to urban dwellings in the next decade. This recent shift to urban dwellings is a key factor that results in the high demand for HVAC insulation during the next four years.

Competitive landscape and key vendors


November 28, 2016 | 55 Pages | SKU: IRTNTR10936

Overview of the global bakery confectionary machinery market

Market research analysts at Technavio predict that the global bakery confectionary machinery market will grow steadily over the next four years and post a CAGR of almost 7% by 2020. This market research analysis identifies the growing demand for organic bakery products as one of the primary growth factors of the confectionary and bakery equipment market. The increasing awareness of the nutritional value and health benefits have significantly increased the demand for organic bakery products across the world. It has been observed that the organic food market will post a staggering revenue of more than USD 80 billion by the end of 2016. This increased demand for organic products will compel the need for capacity expansion, in turn, propelling the demand for bakery and confectionary packaging and processing machinery.

One of the major trends that will gain traction in the bakery and confectionary equipment market is the increased demand for multipacks and small-sized packs. The rise in the number of single-person households has resulted in increasing the demand for multipack and small pack sizes as they offer opportunities for easy brand switching. Moreover, the increasing number of merchants who prefer packaging that uses less shelf space to entice consumers to try new products also creates the demand for small-sized packs. With the demand for in-store bakeries on the rise, retailers will also start offering bakery products in smaller portions, which will again demand the need for new packaging machinery.

Competitive landscape and key vendors

The bakery and confectionery packaging machinery


November 28, 2016 | 74 Pages | SKU: IRTNTR10941

Overview of the global injection molding machine market

The global injection molding machine market is estimated to witness moderate growth and will post a CAGR of over 2% by 2020. The advent of leading-edge process control and monitoring systems for injection molding is a key factor responsible for the moderate growth of this market. Most vendors operating in the injection molding industry have been focusing on the development of an effective control system to monitor and control the entire procedure to ensure better efficiency and quality finish. For instance, Kistler Gruppe, a globally leading supplier of force, torque, dynamic pressure, and acceleration measurement technology solutions for the injection molding industry unveiled ComoNeo. This product launch aimed to introduce an effective monitoring and control equipment that can optimize the monitoring and analysis of the entire injection molding process and aids in cutting costs permanently.

Another key trend that is anticipated to have a positive effect on this market’s growth is the growth of the e-commerce industry. It has been noted that with the recent increase in the number of e-commerce companies, the need for packaging is on the rise; thus, propelling the demand for packaging machinery. E-retail is anticipated to become a major sales channel for consumer goods and pharmaceutical products. The importance of other attributes such as package color, images, and logo design is also envisaged to increase.

Competitive landscape and key vendors

This market is presents a highly competitive landscape for all the players operating within the market and is dominated by international players as the market space is highly capital-intensive in nature. The vendors in this market are also


November 25, 2016 | 55 Pages | SKU: IRTNTR10916

Global outlook of the CNG compressors market

Technavio’s market research analysts predict the global CNG compressors market to grow steadily during the forecast period and post a CAGR of more than 4% by 2020. This industry research report identifies the increased use of natural gas vehicle to be one of the major factors that will have a positive impact on the growth of the natural gas compression systems market in the coming years. Owing to benefits such low operating costs and reduced vehicular emissions, there will be an increased adoption of natural gas vehicles in the passenger car segment and commercial fleets. In addition to OEMs such as GM, Ford, Fiat, Volvo, and Audi offering light, medium, and heavy vehicles, leading players in the automotive industry such as GM and Ford also certify natural gas conversion systems, that can be installed without voiding the warranty. Moreover, governments of several countries will also induce commercial fleet operators to start operating natural gas vehicles. For instance, the Chinese government has already started initiatives to promote and implement green transportation in 100 cities in the country. This increasing usage of natural gas vehicles will demand the construction of CNG fuel stations, which in turn, will drive the growth of the natural gas compressors market.

One of the major trends that will gain traction in the natural gas compression systems market is the increased use of CNG in two-wheelers. The increased sales of two-wheelers in countries in the APAC especially India will create the demand for


November 24, 2016 | 61 Pages | SKU: IRTNTR10909

Global outlook of the electrical enclosures market for power industry

Technavio’s market research analysts predict the global electrical enclosures market for power industry to grow steadily during the forecast period and post a CAGR of more than 6% by 2020. This industry research report identifies the need to modernize the existing power grids to be one of the major factors that will have a positive impact on the growth of this market in the coming years. To meet the rising demand, the utilities sector is increasingly focusing on modifying the outdated power infrastructure to add new resources to the grid and mitigate cybersecurity risk. This will witness the implementation of smart grids that use digital and information technology to effectively manage power flow. This will result in creating the demand for smart grid T&D equipment such as synchrophasor, HVDC, re-closers, and volt-VAR control equipment, in turn, boosting the demand for electrical enclosures.

It has been observed that more than a billion people around the globe, especially in regions such as India, North Africa, and Southeast Asia, lack access to electricity. With the developing countries around the world focusing on the need to meet the demand for electricity, the coming years will witness an increasing adoption of smart grids. However, providing electricity to areas that lack a proper supply will require new power cables and other transmission equipment, which will, in turn, propel the growth of the electrical enclosures market for the power industry.

Competitive landscape and key vendors

The market is characterized by the presence of several well-established electrical enclosure


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