The lead acid battery market is estimated to grow at a substantial rate on the back of rising demand for energy storage devices and high preference for electric automobiles. Low maintenance cost and superior cranking performance of lead acid batteries is likely to fuel its adoption in the automobile industry.
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Lead acid batteries offer high-power delivery which makes their usage viable in stationary applications like in UPS, control & switchgear. Increasing need for mobile phone devices throughout the world has propelled construction of telecommunication infrastructure, consequently boosting the requirement for batteries…
U.S. oil & gas analytics market forecast will be driven by large scale deployment of data gathering tools including sensors, IIoT and IoT, facilitating requirement for smart analytical platforms. Increasing investments in upstream oil and gas exploration activities and infrastructure development including refineries, storage terminals and pipelines will stimulate business expansion. In 2018, U.S. oil & gas analytics size had reached USD 825 million in yearly revenues.
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The United States has recently…
Increasing deployment of electric submersible pumps in agriculture and building services has resulted in significant electric submersible pump market growth. Surging urbanization and escalating demand for water supply have further generated huge revenue prospects for the industry. Additionally, intensifying concerns regarding scarcity of drinking water due to fast depleting water resources will offer impetus to electric submersible pump industry growth. Concrete steps undertaken by government authorities to curb water scarcity and subsequent drilling of numerous wells & borewells will further fuel electric submersible pump industry growth.
Increasing consumption of cryogenic liquids like LNG, nitrogen, oxygen, and helium will bolster the adoption of vacuum insulated pipes over the coming years. This trend can be attributed to the expansion of the manufacturing sector and rising investments towards food & beverage, healthcare, and chemical industries. There is a higher use of natural gas in the heating and transportation sector. Also, the rising preference for gas-based power generation plants has led to an incessant demand for LNG infrastructures.
In line with the growing Industrialization and the need for cryogenic products, players offering the equipment have been extensively investing in the expansion of capacity and the development of new facilities. A rise in the requirement of power along with the escalating involvement of energy companies towards the generation of power to meet the increasing demand has amplified the demand for the equipment.
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The rapid increase in the carbon emission levels across the globe has gained the attention of the governments as well as other recognized international authorities. This has coerced the…
A significant rise in global population along with substantial infrastructure developments and urbanization has proposed an exceptional demand for consistent and reliable electricity supply worldwide. This has urged people to adopt efficient power supply solutions such as generator sets for ensuring uninterrupted energy supply.
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Besides, rising severity of weather-related power outage along with growing dependency on emergency power solutions for sustaining the day-to-day operations is driving their demand further. …
Introduction of advanced technologies and rising end user inclination towards renewable energy sources for power generation could drive new growth strides in solar panel cleaning market. Improvements in existing water-based cleaning operations that allow cost-effective cleansing as well as increasing focus on professional maintenance services is expected to drive industry expansion.
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Factors like decrease in electricity bills, environment-friendliness and the ease of installation are some service benefits that could attract customers towards solar panel…
The rapidly declining fossil fuel levels have encouraged the use of renewable sources of energy across the globe. Wind energy market has emerged as one of the most prominent and integral verticals of the energy cosmos over time.
It has surfaced to become a lucrative space for investors, given the rising climate change crisis that has galvanized the demand for clean energy. In June 2021, the power grid operator of Poland- PSE S.A. confirmed plans to invest nearly USD 1.23 …
The global well intervention market size has witnessed notable expansion over the years due to the growing demand for stimulating well production. Currently, the oil and gas sector has emerged as one of the most influential branches of the world economy, with over 94.24 million barrels per day being produced in the year 2020.
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Studies indicate that the global oil demand is expected to witness a robust increase despite emerging trends like renewables and electric vehicles. …
The electrical services market share in the U.S. grows every year. Industrialization in different parts of the region has supplemented the need for reliable and continuous supply of electricity to ensure the continuation of operations. According to a report by the U.S. Energy Information Administration, in 2020, the net generation of electricity in the U.S. stood at 4.01 trillion kWh.
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Grid modernization along with the development of decentralized grid network has supported growth and development in electrical services. The increase in carbon dioxide levels across the globe has supported the need…
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