Blog Posts

The global battery technology market growth is driven by the increasing use of electric and hybrid electric vehicles, growing adoption of battery technology in the renewable energy industry, increasing deployment of batteries in the utilities sector, and surging demand for automation and battery-operated material-handling equipment in industries.

The global surface inspection market is likely to grow from USD 3.71 billion in 2020 to USD 5.70 billion by 2026. The market is expected to record a CAGR of 7.4 per cent. The surface inspection systems depend on features of its components, such as, cameras, image processors, and software

Rapid urbanization along with rising technological advancement in cooling towers are some of the major factors expected to drive the cooling towers market growth during the forecast period [2020-2026].

On the basis of region, the global variable displacement pumps market is segmented into, North America, Europe, Asia Pacific, Middle East Africa and Central & South America. The Asia Pacific region is expected to dominate the global variable displacement pumps market.

The global ball valves market is projected to record a compound annual growth rate of 3.5 per cent during the forecast period [2020-2026]. The growing need for ball valve replacement, growth in energy consumption, increasing industrialization, urbanization, and smart city initiatives across the world are the key factors driving the market.

The global superabsorbent polymer market is expected to register a compound annual growth rate of 4.5 per cent between 2020 and 2026. Superabsorbent polymers refer to the materials with superlative absorbing power, primarily used in disposable personal care products.

The Global Automotive Fuel Tank Market accounted for USD 20.5 billion in 2020 and is projected to reach USD 26.29 billion by 2026. The market is recording a compounded annual growth rate (CAGR) of 4.23 per cent.

The global stationary fuel cell system market size is estimated to account for USD 7.58 billion by 2026. The global fuel cell system market was valued at USD 3.82 billion in 2020, recording a CAGR of 12.10 per cent between 2020 and 2026.

The global driver assistance system (DAS) market accounted for USD 37.28 billion in 2020 and is likely to reach USD 134.9 billion by 2026. The market is recording a CAGR of 23.09 per cent between 2020 and 2026.

The growth of the global marine actuators and valves market size can be attributed to growing seaborne trade, an increase in the procurement of advanced naval vessels, and ongoing upgrades to existing systems in developed countries.