What Will be the Upcoming Trends in Welded Plate and Block Heat Exchangers Market?

17-Jan-2020: The global welded plate and block heat exchanger market size is anticipated to reach USD 1.2 billion by 2025, exhibiting a CAGR of 5.9% over the forecast period, according to a new report published by Grand View Research, Inc. The market is anticipated to be driven by the growing demand for the product in HVAC & refrigeration, power generation, and petrochemical industries, especially in emerging economies in Asia Pacific and CSA regions.

Welded plate & block heat exchangers play a significant role in enhancing heat transfer efficiency of industrial machinery. Growing demand for efficient thermal management systems with low space requirements is expected to drive the demand for plate & block heat exchangers over the forecast period.

Growth of industrial sectors including food & beverages, chemicals, pulp & paper, power generation, metal & mining, textiles, and oil & gas is leading to an increase in the requirement for highly-efficient and compact heat exchangers, which, in turn, is expected to drive the growth of the market over the forecast period.

Based on end use, HVAC & refrigeration segment is expected to be the largest segment in the global market and the trend is expected to continue over the forecast period. The segment is expected to reach USD 276.1 million by 2025. HVAC & refrigeration end-use segment dominated the market in 2018 owing to increasing consumer spending coupled with the growing demand for thermal management in residential and commercial establishments.

Increasing requirement for heat recovery applications in chemical, HVAC, and food & beverage sectors is expected to drive the demand for welded plate & block heat exchangers over the forecast period. Food & beverages segment was the second-largest segment in the market in 2018 and is projected to grow at a CAGR of 6.9% from 2019 to 2025. Growing concerns regarding the shelf life of processed food and alcoholic beverages are expected to drive the product demand over the forecast period.

Asia Pacific was the largest market in 2018. The region is expected to be valued at USD 541.6 million by 2025, growing at an estimated CAGR of 7.8% over the forecast period. Rapid urbanization and growing population in various countries including China and India are expected to drive the industrial growth in the region. In the U.S., growing refinery capacities and the establishment of new chemical plants are expected to drive the market growth over the forecast period.

 In depth research report on Welded Plate and Block Heat Exchangers Market

https://www.grandviewresearch.com/industry-analysis/welded-plate-block-heat-exchangers-market

Further key findings from the report suggest:

·       In terms of revenue, the U.S. market is projected to grow at a CAGR of 1.8% over the forecast period

·       The European welded plate and block heat exchanger market was valued at USD 248.3 million in 2018 and is projected to witness robust growth over the forecast period owing to the rising construction and automobile industries

·       CSA is expected to exhibit a remarkable growth rate of 8.3% with increasing oil & gas activities in Venezuela and Brazil over the forecast period.

Grand View Research has segmented the global welded plate and block heat exchanger market on the basis of end use and region:

Welded Plate And Block Heat Exchanger End Use Outlook (Revenue, USD Million, 2014 - 2025)

·       Chemical

·       Food & Beverages

·       HVAC & Refrigeration

·       Petrochemicals

·       Power Generation

·       Pulp & Paper

·       Others

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About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Mobile Cranes Market is Expected to Register a CAGR of 6.1% Over the Forecast Period

9-Jan-2020: The global mobile cranes market size is expected to reach USD 17.03 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 6.1% over the forecast period. Rising construction activities focused on the refurbishment of existing infrastructures and increasing government initiatives for building better infrastructures, such as houses, schools, hospitals, stadiums, government buildings, and airports, are anticipated to boost the market growth. The increasing application of mobile cranes in both core and non-core industrial projects and maintenance works is also expected to propel their demand over the forecast period.

In India, the demand for mobile cranes is growing owing to the increasing number of infrastructure projects, which has led to requirements for erection and lifting. The growth is evident in the industrial as well as the core infrastructure sectors. Mobile crane manufacturers and rental agencies are witnessing an upsurge in demand for medium and high capacity cranes. Mobile cranes are widely used in India for major industrial applications such as power plants and turbine manufacturing.

Meanwhile, the demand for mobile cranes in China is growing due to the One Belt One Road initiative taken by the government in the country. Through this initiative, the Chinese government aims to develop better trade facilities such as roads, bridges, and infrastructure such as energy projects, railway, and buildings between China, India, Pakistan, and Europe. Moreover, house building projects have increased in Europe, mainly in London and South East Europe, thus providing a good pipeline for infrastructure work.

Meanwhile, the U.S. government is anticipated to increase its infrastructure expenses by over USD 1 trillion over the next ten years in order to create more jobs. This initiative is expected to bolster the demand for mobile cranes in the country. Additional factors that have propelled the market growth include increasing competition, growing use of mobile cranes in the mining companies, robust industrialization, commercialization, adoption of telematics, and the use of GPS technology in mobile cranes.

 In depth research report on Mobile Cranes Market

https://www.grandviewresearch.com/industry-analysis/mobile-cranes-market

Further key findings from the study suggest:

·       The market for mobile cranes is expected to register a CAGR of 6.1% from 2019 to 2025

·       The truck mounted segment emerged as a prominent product segment in 2018. The demand for crawler cranes is increasing in the Middle East & Africa owing to the growing oil & gas industry in the region

·       The Asia Pacific regional mobile crane market is projected to witness substantial growth over the next decade owing to growing construction activities in the region

·       Key players operating in the market include Liebherr-International AG, Manitowoc, XCMG Group, Kobelco Construction Machinery Co. Ltd., and Tadano Ltd., accounting for majority shares of the total revenue in 2018.

Grand View Research has segmented the mobile crane market on the basis of product type, application type, and region:

Mobile Crane Product Type Outlook (Revenue, USD Billion, 2015 - 2025)

·       Truck Mounted

·       Trailer Mounted

·       Crawler Crane

Mobile Crane Application Type Outlook (Revenue, USD Billion, 2015 - 2025)

·       Construction

·       Industrial

·       Utility

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About Grand View Research

Grand View Research, Inc. is the U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

How to Compressed Air Treatment Equipment Work?

30-July-2019: The global compressed air treatment equipment market size is expected to reach USD 11.31 billion by 2025 registering a CAGR of 7.0%, according to a new study by Grand View Research, Inc. Compressed air treatment equipment offers several benefits, such as lowering the dew point of the air and removing contaminants that may negatively impact the air compressor.

Furthermore, the compressed air treatment equipment allows the system to run more efficiently and extends the system’s life by reducing rust and corrosion caused by contaminated air. This has led to an increased adoption of these systems, which is expected to drive the market growth over the forecast period. Rising concerns about food safety have resulted in food manufacturers focusing on implementing air treatment equipment to avoid any contamination and to maintain quality.

This is also a key factor expected to drive demand across the food & beverage (F&B) industry. Chemical, F&B, and others are the major end-use sectors. The F&B industry is anticipated to witness significant growth owing to rising need for dry and clean air in numerous critical end-use applications. Moreover, rise in the number of F&B manufacturing firms, particularly in U.S., is projected to provide growth opportunities for the market in the years to come.

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https://www.grandviewresearch.com/industry-analysis/compressed-air-treatment-equipment-market

Further key findings from the study suggest:

·       The global compressed air treatment equipment market is expected to register a CAGR of 7.0% from 2019 to 2025 on account of rising need for treated compressed air in several manufacturing industries

·       The dryers segment accounted for a major share in 2018 due to increased demand for refrigerated dryers as a result of their ability to ensure the quality of end products and provide dry air needed to extend the life of the equipment

·       The desiccant dryers segment is expected to witness a considerable growth over the forecast period due to the ability of these products to purify compressed air by absorbing the moisture

·       The F&B industry led the market in 2018 and is likely to maintain the dominance owing to the need to adhere to strict hygiene restrictions that govern the industry

·       Asia Pacific accounted for 32.96% of the overall revenue share in 2018 and is expected to witness the fastest CAGR over the forecast years owing to rapid expansion of F&B and manufacturing industries in the region

·       Atlas Copco Corporation; Donaldson Company, Inc.; Beko Technologies; Boge Compressors Limited; and Gardner Denver, Inc. are some of the key companies in the global market

·       These companies emphasize on expanding their market presence through mergers & acquisitions and product innovations

Grand View Research has segmented the global compressed air treatment equipment market on the basis of product, end use, and region:

Compressed Air Treatment Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)

·       Filters

·       Particulate Filters/Pre-filters

·       Coalescing Filter/Oil Removal

·       Adsorber Filter/Oil Vapor Removal

·       Filtered Centrifugal Separator

·       High Temperature After-filters

·       Moisture Separators

·       Dryers

·       Refrigerated

·       Desiccant

·       Membrane

·       Deliquescent

·       Aftercoolers

·       Others

Compressed Air Treatment Equipment End Use Outlook (Revenue, USD Million, 2014 - 2025)

·       Chemical

·       Paper

·       Food & Beverages

·       Pharmaceuticals

·       Healthcare

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Spray Drying Equipment Market Size is Estimated to Reach USD 7.19 billion by 2025: Grand View Research, Inc.

9-May-2019: The global spray drying equipment market size is estimated to reach USD 7.19 billion by 2025 expanding at a CAGR of 6.8%, according to a new study by Grand View Research, Inc. Spray drying method transforms a liquid, slurry, or semi-solid feed into a dried powder form using hot gas. It is the most preferred method to dry food materials, pharmaceutical products, and other temperature-sensitive items, such as dairy products. Thus, demand from the dairy processing industry for producing milk powder and stabilizing the milk constituents and from the pharmaceutical industry for producing antibiotics is anticipated to drive the market.

The demand for nutrition products including whey protein, mass gainer, egg white protein, casein protein has increased due to rising awareness about leading a healthy lifestyle. This, in turn, has also augmented the demand for dryers from the nutraceutical industry. Moreover, growing need to increase the shelf-life of processed food and pharma products will open new growth opportunities in the food processing and pharmaceutical industries. Increasing demand for resins and polymers in line with the growing usage of synthetics has triggered the demand for drying Suspension Polyvinyl Chloride (S-PVC), Emulsion (E)-PVC, and other chemicals required for producing building pipes, cable insulations, and hard and soft foils.

In addition, rising usage of spray dryers for industrial purposes is expected to drive the market growth from 2019 to 2025. Additionally, increasing need for application-specific dryers is also creating opportunities for the product manufacturers. For instance, the risk of explosion and emission of hazardous gases while drying chemical and pharmaceutical products has led to the development of closed loop dryers. Similarly, the need to process and produce powder particles in bulk quantities is leading to significant adoption of three-stage equipment. However, high installation and maintenance costs and the inability of spray dryers to process highly-viscous materials, such as starch and fruit pulp, may hinder the market growth.

In depth research report on Spray Drying Equipment Market

https://www.grandviewresearch.com/industry-analysis/spray-drying-equipment-market

Further key findings from the study suggest:

·       The demand for three-stage spray drying equipment is expected to increase over the forecast period owing to its benefits, such as high thermal efficiency, low energy consumption ratio, and ability to process bulk production

·       North America accounted for the largest market share in 2018 owing to high annual milk production in U.S. as a result of demand for powdered milk, infant products, and other nutraceutical products

·       Wide product usage in the pharmaceutical industry is also anticipated to drive the North America spray drying equipment market over the forecast period

·       Changing food preferences and growing number of food processing plants in emerging economies, such as India and China, are expected to propel the APAC market

·       Chemical is expected to be the fastest-growing application segment over the forecast period due to wide use of spray drying equipment in the production of polymers & resins, hard metals, dyestuff & pigments, and agrochemicals

·       Key companies, such as GEA Group Aktiengesellschaft, Dedert Corporation, Tetra Pak International S.A., are strategically expanding their geographical footprint to increase the overall profitability

Grand View Research has segmented the global spray drying equipment market on the basis of product, stage, cycle, flow, application, and region:

Spray Drying Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)

·       Rotary Atomizer

·       Nozzle Atomizer

·       Fluidized

·       Centrifugal

Spray Drying Equipment Stage Outlook (Revenue, USD Million, 2015 - 2025)

·       Single-Stage

·       Two-Stage

·       Multi-Stage

Spray Drying Equipment Cycle Outlook (Revenue, USD Million, 2015 - 2025)

·       Open

·       Closed

Spray Drying Equipment Flow Outlook (Revenue, USD Million, 2015 - 2025)

·       Co-Current

·       Counter-Current

·       Mixed Flow

Spray Drying Equipment Application Outlook (Revenue, USD Million, 2015 - 2025)

·       Food & Dairy

·       Pharmaceuticals & Nutraceuticals

·       Chemicals

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Non-Destructive Testing (NDT) Market Hit USD 21.20 billion by 2025: Grand View Research, Inc

29-March-2019: The global non-destructive testing market size is projected to reach USD 21.20 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.0% during the forecast period.Increasing manufacturing activities in developing as well as developed nations are poised to bolster market growth over the forecast period.

Use of non-destructive testing helps in detecting faults precisely, reducing product/component failure probability, and cutting down costs incurred in repairs of components. Use of NDT also speeds up the process of manufacturing as possible faults are eliminated beforehand.

Technological advancements in the field are leading to introduction of methods with improved efficiency, which is working in favor of the market. Improvements in techniques used to perform NDT tests are ensuring less complicated execution, thereby boosting the deployment of NDT techniques in numerous vertical segments.

The ultrasonic testing segment is likely to witness significant growth owing to ease of handling equipment, abundant availability of skilled technicians, and precise fault detection. Based on vertical, the manufacturing segment is expected to deploy NDT techniques extensively over the forecast period owing to increasing awareness regarding their use and benefits.

In depth research report on Non-Destructive Testing (NDT) Market

https://www.grandviewresearch.com/industry-analysis/non-destructive-testing-equipment-services-market

Further key findings from the report suggest:

·       The radiographic testing segment is estimated to expand at a CAGR of over 6.0% during the forecast period. The method offers benefits such as precise fault detection and provision of detailed analytic reports highlighting detected faults

·       Rapid urbanization and industrialization in both developing and developed nations are leading to increase in activities pertaining to construction, manufacturing, and power generation. This is one of the key trends driving the overall market

·       The manufacturing segment led the market in 2017. It is anticipated to register a CAGR greater than 7.0% over the forecast period, on account of immense potential for manufacturing activities in Asia Pacific

·       Asia Pacific commanded approximately 21.0% share in the global arena. The region is slated to post the highest CAGR during the same period, owing to growing manufacturing, power generation, and construction projects

·       Key players such as General Electric, Nikon Metrology NV; Olympus Corporation; Mistras Group, Inc.; Yxlon International GmbH; and Sonatest Ltd. dominated the market in 2017. Mergers and acquisitions are among the key strategies adopted by these players to consolidate their position in the market.

Grand View Research has segmented the global non-destructive testing (NDT) market based on test method, vertical, and region:

Non-Destructive Testing (NDT) Test Method Outlook (Revenue, USD Million, 2014 - 2025)

·       Visual Testing

·       Magnetic Particle Testing

·       Liquid Penetrant Testing

·       Eddy Current Testing

·       Ultrasonic Testing

·       Radiographic Testing

Non-Destructive Testing (NDT) Vertical Outlook (Revenue, USD Million, 2014 - 2025)

·       Oil & Gas

·       Manufacturing

·       Aerospace and Defense

·       Construction

·       Automotive

·       Power Generation

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/