Increase in production, rise in use of electrical actuators due to their efficient operation, less maintenance and others, and surge in demand from automation industry are expected to drive the growth of the global actuator systems market. However, strong competition among manufacturers, stringent government regulations on the use of actuators for safety purpose, and reduced energy …
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Factors such as unavailability of solar energy during night, seasonal dependency, high cost of electricity, and expensive solar technology are expected to hamper the growth of the solar panel market, globally. For minimizing the cost per watt of electricity produced, embedded solar panels are used to track maximum power and achieve reliable output. This factor is …
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Development of the solar photovoltaic industry is the primary factor that drives the growth of the solar cables market growth. Solar photovoltaic industry is an eco-friendly industry, and is anticipated to play a significant role in resolving energy problems. Moreover, increase in use of solar cables in various applications and rise in number of solar projects in …
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Specialty chemicals market report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the metallic powder coatings market share. Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the total market share in 2019 and will maintain its dominance throughout the forecast period. In addition, …
Rise in R&D to increase the efficiency of electrical system is expected to be the upcoming opportunity in the growth of the global electric control panel market. Electric control panel is a cabinet, which contains electrical components to control the motors and equipment. These are designed to control every piece of equipment in every industry. Electric …
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Factors such as improved consumer purchasing power, better living standards, and fast economic progress impacts the portable charger market positively. Moreover, availability of such devices with varied capacities also drive the market growth, as they cater to multiple customer segments. In addition, increase in demand for smartphones, tablets, and other digital devices lead to surge …
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The growth of the global advanced biofuel market is driven by numerous factors, such as implementation of strong government guidelines for the utilization of second-era biofuels in various end-use industries, including manufacturing and power & energy sectors. Moreover, decline in use of carbon-based non-renewable energy source is boosting the use of second-era biofuel among consumers, which significantly …
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Rise in seaborne trade activities is a major factor that drives the growth of the heavy fuel oil market. This is attributed to the fact that the accelerated industrialization and liberalization of national economies boos the demand for consumer goods. This, in turn, leads to increased commercial activity. Thus, shipping is becoming an effective and …
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Asia-Pacific is expected to lead the transformers market, attributable to increase in investments for infrastructure development. With surge in demand for power supply and rise in number of projects related to electricity, new entrants in Asia-Pacific and LAMEA are witnessing lucrative opportunities to expand their business in the coming future. In addition, increase in urbanization, …
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Rise in industrialization and increase in urbanization are the major factors driving the growth of the natural gas storage market. Increase in population leads to high usage of natural gas in transportations, electricity generation, and oil &gas exploration activities. The natural gas storage system is versatile, and further, a gas storage facility is used for marinating …
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