The global heat exchangers market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period (2021-2027). The key factors driving the heat exchanger market are advancement in technology and steps taken to increase the heat transfer efficiency. Due to rise in demand various market players are expected to invest in technology development and […]
Category Archives: Industrial Automation
The global Food Processing & Handling Equipment market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2021-2027). The primary factors driving the food processing and equipment market are advanced processing technology and increased demand for processed food. Manufactures are inclined towards adopting new equipment as consumers are shifting towards healthy and […]
The global automated test equipment market is expected to grow at a CAGR of nearly 3.4% during the forecast period (2021-2027). The growth of the market is driven by the increased adoption of automated test equipment in the automotive and semiconductor industry. A significant increase in the number of connected devices and consumer electronics, as […]
Japan industrial air compressor market is estimated to grow modestly at a CAGR of around 3.3% during the forecast period. Japan is among the developed economies around the globe. Cohesive government policies and initiatives to promote the manufacturing sector in the country are anticipated to offer significant growth opportunities for the industrial air compressor market […]
India industrial air compressor market is estimated to grow modestly at a CAGR of around 6.2% during the forecast period. This growth can be attributed to the cohesive government policies in the country to promote the manufacturing industry of India. India is continuously working towards positioning itself as a major country in technological development and […]
Germany industrial air compressor market is estimated to grow modestly, at a CAGR of around 4.3% during the forecast period. Germany has a considerable market share in the European industrial air compressor market due to the developed food & beverage industry and huge gas production capacity. Germany is Europe’s largest food producer and the food […]
European industrial air compressor market is estimated to grow modestly, at a CAGR of around 3.8%, during the forecast period. The growth of the market is attributed to the rapid industrialization and increasing demand for energy-efficient compressors in the region. A significant rise in industrialization has witnessed over the years in the EU, owing to […]
China industrial air compressor market is estimated to grow modestly at a CAGR of around 5.6% during the forecast period. Rapid industrialization owing to the cohesive government policies to promote industrialization is making a significant contribution to the market growth in China. Announced in 2015, the “Made in China 2025” is one of the ambitious […]
Canada industrial air compressor market is estimated to grow modestly at a CAGR of around 4.1% during the forecast period. The growth of the market in the country is primarily attributed to the increasing natural gas production, power, and energy sector, and expanding pharmaceutical manufacturing units. These industrial areas utilize industrial air compressors considerably for […]
Asia-Pacific industrial air compressor market is estimated to grow at the fastest CAGR of around 5.3% during the forecast period. The growth of the Asia-Pacific industrial air compressor industry is primarily driven by China and India’s fast-paced economies and significant growth in the coal, and oil and gas sector. According to the BP PLC, the […]