Cryogenic Equipment Market is Likely to Witness High Growth During the Forecast Period

Cryogenic Equipment Market
Global Cryogenic Equipment Market Scenario: The global cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period. Rising demand for LNG across regions is creating demand opportunities for cryogenic equipment. Also, the increasing number of air separation units projects are driving the cryogenic...

Cryogenic Equipment Market Revenue Is Anticipated to Reach $17.1 billion by 2025

The report “Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others), and Region – Global forecast to 2025″ The cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6...

Energy Efficient Motor Market Size to Reach $41.57 Billion by 2023

Energy Efficient Motor Market
The global Energy Efficient Motor Market is projected to reach USD 41.6 billion by 2023 from USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors driving the growth of the energy efficient motor market are energy savings and the subsequent cost over traditional motors, increasing governmental support worldwide towards the adoption of energy efficient motors, rising...

The Oil & Gas Pumps Market 2018 – Massive Industry Improvement Till 2023

The report “Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region – Global Forecast to 2023″, The global pumps market in the oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated...

Researchers Predict Strong Growth for AC Drives Market in the Near Future

The alternate current (AC) drive is an electronic device used for controlling the speed of an electric motor by varying the voltage, frequency, and magnetic flux in a motor circuit. It helps in saving energy, enhances efficiency of the system, and reduces motor wear. Moreover, its ease of use, less maintenance, and increasing motor applications across the globe is also boosting the demand for AC drives....