The global automotive engineering services outsourcing market was valued US$ 50.28 Bn in 2020 and is expected register growth at 8.3% CAGR during the forecast period from 2024 to 2032. Asia Pacific represents the most lucrative business destination for automotive engineering service providers. There exists sound investment & growth opportunities in markets including India, China, and South-east Asia. The prevailing growth opportunity in these economies is reflective of the huge automotive market.
Digital Oilfield Solutions are designed to optimize productivity of oil fields by integrating information technology and operational technology. Oil producers are adopting technologies such as digital oilfield solutions to optimize their new and existing oilfields which can reduce non-productive time (NPT) and to help them in aligning their operations along with market demand.
Cable management comprise products used for installation cables and wires across different construction applications. The overall cable management comprises various products such as electrical conduit systems, electrical raceways, cable trays and floor ducts among others. These products are used in combination to organize and maintain the overall wiring system of a building. This makes cable management among the most important systems for the construction sector. Cable management systems are commonly used across diverse range of end-use applications including IT & telecommunication, industrial, residential, commercial, energy & utility, transportation, metal & mining and others.
Smart parking structures are the systems that assist drivers to find and locate available parking space, thereby avoiding the hunt for parking without hassle and saving time and cost on fuel. The system is a combination of hardware and software components including sensors, smart parking meters, computerized payment systems, and analytics that assist drivers to locate parking space at the desired location and pay for the services in advance.
Intelligent pigging refers to the inspection of pipelines using digital technology to understand the condition of pipeline. A pig is the device that travels through pipeline to clean and inspect the pipeline. Globally, the pipeline network for oil & gas product is over 3 million Km long transporting oil & gas products worldwide. During oil & gas pipeline operations the most common problem are corrosion, sludge and wax deposition. To address such issues pipeline inspection and maintenance is done periodically to avoid any damage to pipeline.
Plastic welding refers to a process of joining flexible plastic materials, through heat and pressure. Plastic welding uses the base plastic itself as the fastening material in order to grip the parts together. This makes plastic welding distinct from other joining processes such as adhesives, seam tape, sewing or other fasteners. Plastic welding equipment are capable of consistently creating airtight, watertight, durable and abrasion resistant seals without any joint deterioration.
Plastic welding refers to a process of joining flexible plastic materials, through heat and pressure. Plastic welding uses the base plastic itself as the fastening material in order to grip the parts together. This makes plastic welding distinct from other joining processes such as adhesives, seam tape, sewing or other fasteners. Plastic welding equipment are capable of consistently creating airtight, watertight, durable and abrasion resistant seals without any joint deterioration. The process primarily comprises three steps viz. pressing, heating and cooling. The plastic welding equipment market is majorly driven by the strong demand for plastic products across the country.
Coal bed methane refers to the extraction of natural gas from the coal beds. Natural gas is generally present in the coal bed in the form of methane. It is also known as coal-mine methane (CMM) or coal bed gas or coal seam gas (CSG). Advancement in technology has facilitated the production of coal bed methane on commercial scale. Growing energy demand and depleting oil reserves influencing oil producer to seek alternative source of energy such as shale gas, tight oil and coal bed methane.
This report titled “Naphtha Market - Growth, Future Prospects, and Competitive Analysis, 2023 – 2032” offers strategic insights into the trends in naphtha market along with the market size and forecast for the duration 2024 to 2032. The said research study incorporates in-depth analysis of multiple market segments based on product type, application, and geographical distribution.
Oil storage business is gaining momentum with supply exceeding the global demand for crude oil. Discovery of shale gas and declining crude oil prices in the past two years has resulted in supply-demand inequity which in turn influenced the oil producers to upgrade their storage capacity or to seek alternative storage for oil storage.
