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The global market for Power Management System is projected to reach US$5.7 billion by 2025, driven by digitalization, electronification and electrification trends sweeping through industries ranging from automotive, maritime transport, oil & gas, mining, heavy engineering to process manufacturing. In sync with digital maturity, electrification and digitalization of everything (DOE) is hitting a peak. On the back of this digital transformation comes the critical need for power management to ensure optimum utilization of power by electrical and electronic systems. With automation, robotics and IoT connectivity proliferating in smart factories around the world, there is a critical need to ensure robustness of electrical systems. Power management systems, in this regard, help improve reliability of electrical distribution and optimize consumption. Plant assets involving hydraulics, electric motors, electrical generators, turbines, and electrical heavy machinery need a mechanism for mo…
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The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right time. To …
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The global market for Temporary Power is projected to reach US$8 billion by 2025, driven by the growth in construction projects and the need for site preparation with the necessary infrastructure that includes electrical power supply. Temporary power is critical for construction projects to power onsite construction machinery and tools such as powered tools, and lighting etc. required to support the construction activities, site workforce and equipment.
Residential construction, commercial construction and public works require electricity to be delivered onsite. Temporary power can be provided in two basic configurations i.e. overhead and underground. Long-term projects with higher electrical loads and safety issues often require underground provision of temporary power via underground placement of electrical cables, trenching, and wiring. The market is therefore benefiting from the recovering construction activity in most countries across the global and the huge opportunities in the r…
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The global market for Consumer Batteries is projected to reach US$50 billion by 2025, driven by the growing indispensability of batteries in the digital era of laptops, smartphones, tablets, smart electronic wearables and digital cameras. As the most important portable power source, batteries are omnipresent in virtually every sector that utilizes electronic/electrical equipment. In the consumer electronics sector, smartphones need long-lasting batteries; electronic wearables need cost-effective battery solutions; and consumer internet of things (IoT) to reach its full potential needs smart batteries. Consumerism, especially digital consumerism, is driving increased use of digital technology, tools and devices. This rise of digital consumers is supported by a host of factors such as rapid development of internet infrastructure; spread of mobile communication network technologies like 4G and 5G; falling cost of mobile data and voice tariffs; falling prices of smartphones and their rapi…
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The global market for Hindered Amine Light Stabilizers (HALS) is projected to reach US$1.2 billion by 2025, driven by the growing ubiquity of polymers as advanced materials used in a wide range of consumer and industrial products. Ranging from plastics, nylon, polyethylene, polyester, polyvinyl chloride, polytetrafluoroethylene to epoxy, synthetic polymers are omnipresent and quite literally are indispensable in modern life. Characteristics of polymers that make them important materials of the 21st century include resistance to a wide range of chemicals; thermal and electrical insulation properties; lightweight; high mechanical strength; and extreme flexibility in processing. Another key reason for the ubiquity of polymers is the limitless potential in expanding polymer product possibilities by manipulating the molecular structure of polymers and by adding myriad fillers, reinforcements and additives. The global push towards substitution of paper, metals, wood and glass with polymers …
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The global market for Non-Destructive Testing (NDT) Services is projected to reach US$8.9 billion by 2025, driven by the growing importance shed on material inspection against the backdrop of strong focus shed on quality assurance of structural and mechanical components operating in demanding application environments. NDT is used widely in civil engineering for testing concrete structures; oil & gas and mining industry for monitoring integrity of assets non-intrusively; semiconductor industry for wafer testing; nuclear power plants for continuous inspection of critical parts and components of nuclear reactors; and pipeline and piping system inspection, among others. Technologies used for NDT include Acoustic Emission Testing (AE), Electromagnetic Testing (ET), Ground Penetrating Radar (GPR), Laser Testing Methods (LM), Magnetic Flux Leakage (MFL), Microwave Testing, Liquid Penetrant Testing (PT), Magnetic Particle Testing (MT), Neutron Radiographic Testing (NR), Radiographic Testi…
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The global market for Bottled Water is projected to reach US$307.6 billion by 2025, driven by the growing need to slake the thirst of a growing world population. World population is poised to grow from 7.8 billion in 2019 to over 9.8 billion by 2050. In line with this growth, there will be a parallel increase in demand for safe drinking water. Per capita consumption of drinking water in the coming years is poised to increase with science based evidence highlighting water’s role in health and wellness. Few of the reasons why water is important to human health include its vital role in flushing out waste from the body; regulating body temperature; maintaining brain function; producing saliva; protecting tissues and joints; aids in nutrient absorption and digestion; improves blood oxygen circulation; boosts energy; optimizes cognitive function; helps retain youthful and supple skin. Scientific studies have also shown water’s effectiveness in treating medical conditions such as constipati…