ReleaseWire Connect

The industrial gas turbine market within the prevalent trade regime has positively been impacted with consumer & regulatory inclination towards energy optimization. Government mandates to curb emissions along with growing environmental concerns have plunged the integration of competitive energy conservation measures. Moreover, pivotal for the transformation has been the re-structuring across prime power markets leading to rapid technological enhancements. Thereby, the industry has witnessed a salient growth in the field of aerodynamics, materials, combustion, and cooling.

Increasing consumer spending to gain enhanced features and aesthetic appeal in kitchen and bathroom will drive Luxury Plumbing Fixtures Market growth. Factors such as improved economic conditions and rising disposable income is likely to influence product demand. Surge in preference for water efficient and environmentally sustainable solutions is expected to propel luxury plumbing fixtures market penetration.

Combined Heat And Power Market size is driven by growing electricity demand along with rapid industrialization and urbanization. Global electricity consumption increased by 15% from 2009 to 2015. Ability to offer improved air quality, high efficiency and reliability are some of the features which will stimulate the product demand. Combined Heat And Power Market size is set to exceed USD 45 billion by 2024; according to a new research report by Global Market Insights, Inc.

U.S. Commercial Boiler Market growth is stimulated by rising investment towards infrastructure development across education sector along with federal spending towards improvement of healthcare facilities. Steam generation for water and space heating in hospitals, diagnostic & rehabilitation centers and equipment sterilization are some of the key healthcare applications of these products. U.S. Commercial Boiler Market size will exceed USD 3.5 Billion by 2024, as reported in the latest study by Global Market Insights, Inc.

Hydrocarbon industrial solvents market demand from paints & coatings application may surpass USD 4 billion by the end of forecast timeframe. Benzene, toluene and xylene have strong solvency and fast evaporation rate, thus enhancing its usage in paints & coatings industries. The products when applied in automotive paints & coatings, makes the vehicle water and dust resistant, thus stimulating industry growth.

Industrial sector accounted for more than 27% of the Asia Pacific air filtration market share in 2015 and is estimated to grow at 9.5% CAGR owing to rising adoption in healthcare and laboratories facilities in order to control microbes and allergens.

China Civil Engineering Market holds a huge potential owing to its positive outlook on healthcare, education, retail, and social infrastructure spending along with one-child policy discontinuation. APAC industrial infrastructure market was valued at over USD 150 billion in 2015. Surging concept design & development, industrial expansion, demand for highly developed facilities across numerous sectors will positively impact civil engineering market growth.

U.S. baghouse filters market from veneer applications may witness gains at over 3.5% by 2024. They are widely used in doors & windows, composite panels and cabinetry. Increasing number of producers in domestic as well as international market engaged in manufacturing low end furniture & fixtures may favor industry growth.

As reported in the latest study by Global Market Insights, Inc.; the Levant Power Cable Market size will surpass USD 6 billion by 2024.

Asia Pacific and Europe wireless sensor network markets are considered as the potential markets owing to the activities such as wastewater management and soil monitoring. In North America, the wireless sensor network market is anticipated to grow at a high rate owing to the growing need for green energy sources, demand for smart homes, and safe & durable power sources.