Trackers direct solar modules or panels toward the sun to harness more sunlight. To accumulate maximize energy these trackers change their orientation during the day to follow the sun’s path. Solar trackers are rising in popularity, as it generates more electricity when compared to its stationery counterparts. Furthermore, favorable government initiatives are projected to augment the market growth. However, owing to the more complex technology and moving parts necessary for their operation solar trackers are slightly more expensive than their stationary counterparts which is one of the major factor restraining the market growth.
Power transmission cables are widely used in transmission and distribution of electricity to various residential and commercial consumers.Power transmission cables are insulated with various materials such as PVC (Poly Vinyl Chloride), XLPE (Polyethylene with cross-links), rubber, impregnated paper and varnished cambric. Global power transmission cables market is projected to register significant growth over the forecast period.Increasing investment in renewable energy across the globe requires installation of new power transmission lines to connect with the existing grid.
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.
Test benches refer to testing assembly used for calibration and testing of various equipment/components across different application segments. Test benches are used for testing components such as turbines, combustion engines, safety valves, hydraulic hoses, and others. Some of the popular applications of test benches include automotive & aerospace, power & utilities, oil & gas, electronics, and others. Market players typically provide customized solutions to their consumers depending upon the end-use application. Amongst these, automotive & aerospace and power & utilities are the largest consumers of test benches. The global test benches market is expected to witness steady growth with steady growth in its end-use application segment including automobile and transportation; industrial manufacturing and oil and gas. This growth is influencing the key participant across the value chain to invest in the industry.
Luxury is the new trend in market due to increase in domestic income of people worldwide. Rising developments in the industrial sector has led to growth of many end-user industries such as personal care products, cosmetics, pharmaceuticals and chemical among others. People can afford luxury products over standard products and hence, high demand is observed for luxury products in the global market. Growing demand for perfumes and fragrance products has led to high growth of the personal care products industry. This has in turn led to strong demand for catechol from the personal care products industry in the market. Other industries such as agrochemicals and pharmaceuticals also follow personal care products industry in terms of demand for catechol worldwide.
This report analyzes the global car rental market in terms of vehicle type, rental category, and geography. On the basis of vehicle type, the global car rental market is segmented into economic vehicles, executive vehicles, SUVs, MUVs, and luxury cars. Similarly, on the basis of rental category, the global car rental is further classified into airport transport, local transport, and outstation transport. The geographical distribution of the global car rental market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Preferences of people to stay in small houses due to high maintenance cost and other related costs has inclined the demand for folding furniture all over the world as it can be tucked and folded when not in use. Besides being multifunctional it can also enhance the décor of home.
The global folding furniture market is growing at a fast pace and is anticipated to achieve significant growth over the next seven years till 2023.
Furniture has become an integral part for human life since past. It is generally made up of plastic, wood and metal. Furniture is generally kept in house in order to make living environment comfortable. Tables, chairs, and sofa set are the major furniture being used in living room.
