What is a frequency converter?

Frequency converter is an electromechanical device that converts the frequency of alternating current suitable to various appliances connected. These converters are used to speed control of alternating current motors used for pumps and fans. Also, frequency converters play an important role in extending the durability of the motors, pumps, and other…

According to Market Research Future (MRFR), the global distribution boards market size is estimated to reach USD 8.52 billion with a CAGR of 6.50% from 2019 to 2025. The report presents the strengths, opportunities, threats, and future business risks and offers a holistic overview of the global market environment with the results of COVID-19.

The distribution board is the main electrical supply system for residential, commercial, and industrial organizations. Being one of the most…

The data analysts at Market Research Future Reports (MRFR) have revealed that the global drill pipe market is speculated to value approximately USD 1,019.6 million by the end of 2025. Further, the market is estimated to rise at a CAGR of 3.52% during the assessment period. The rising optimization of drilling operations due to technological advancement is the most significant factor driving the…

The offshore decommissioning market is projected to grow at a CAGR of 6.93% during the forecast period. As per the offshore decommissioning market research report, the global market for offshore decommissioning is anticipated to grow rapidly. As per analysts, increasing gas exploration and production along with the rise in the oil and gas industry will drive the Oil Rig Decommissioning…

The global battery market is projected to grow at a CAGR of 4% during the forecast period. As per the battery market research report, the global market for battery is projected to grow swiftly by. According to analysts, the rising demand of electric vehicles as well as the growing adoption of batteries in passenger vehicles will drive the market growth during the forecast period. The battery market…

The global ring main unit market size will touch USD 2.65 billion at an 8.4% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. A ring main unit or RMU, simply put, is a metal-enclosed, factory assembled set of switchgear that is used in the ring-type distribution network’s load connection points. The RMU is generally characterized based on its type of…

The global offshore drilling rigs market is projected to grow at a CAGR of 11.25% during the forecast period. As per the offshore drilling rigs market research report, the global market for offshore drilling rigs is projected to grow swiftly. According to analysts, high investments in exploration & production (E&P) as well as increase in production of oil & gas will drive the market growth during the forecast period. The offshore drilling rigs market research report offers a…

The global distribution transformer market is anticipated to grow by US$19.0 billion by 2023 rapidly growing at a CAGR of 8.70% during the forecast period. The global distribution transformer market is driven by increased demand for power as well as rising demand for electrical and automated vehicles. These factors have helped shape the distribution transformer market and are expected to boost the growth. Companies in the distribution transformer market could also face challenges such as…

The global power metering market is expecting strong support from various end user industries to maintain an upward trajectory during the forecast period of 2018 to 2022. Market Research Future (MRFR) revealed factors like the rising uptake of smart devices, increasing urbanization, investment to make power supply more efficient, demand to make the system more cost-efficient, various environmental conditions, and others as major thrust-providers for the global power metering market. Changes…

The global nuclear decommissioning services market is expected to register a CAGR above 6% over the forecast period.

Rise of nuclear accidents is the primary driver of the market. This is attributed to nuclear power plant meltdowns in countries such as Japan. The low costs of decommissioning of research reactors can facilitate market growth. Other major drivers include…

The Global Direct Drive (Gearless) Wind Turbine Market to develop at an 11.5% CAGR between 2017- 2022, states the recent Market Research Future (MRFR) analysis. Direct drive wind turbines or gearless wind turbines, simply put, are wind turbines sans any gearbox. They are highly preferred for the different benefits that it offers, such as lower maintenance cost and lightweight.…

According to Market Research Future (MRFR), the global electric motors market size is estimated to expand at 6.2% CAGR from 2017 to 2023 (forecast period). The report offers a detailed and thorough analysis of the impact of the COVID-19 pandemic on the global electric motors market.

Electric motors operate on the principle of electromagnetic induction by ensuring the conversion of…

The control valve market is growing persistently, witnessing rising sales. The market growth attributes to the increasing usages of control valves in the burgeoning construction industries. Besides, rising demand from end-use industries such as oil & gas, chemicals, food & beverage, and pharmaceuticals, substantiates the market growth. Moreover, increasing usages of control valves in water & wastewater treatment and energy & power industry applications create substantial…

Market Research Future (MRFR), in its latest coiled tubing market 2020 report, discusses different factors that can boost the expansion of the market. MRFR findings states that the coiled tubing market is expected to rise at 5.37% CAGR during the review period (2018–2023). MRFR report also reveals that the coiled tube market can value at USD 7,091.2 Mn by 2023. Segment study and market dynamics are discussed in the report for the coming years. The large demand for coiled tube for pumping…

The global industrial control systems market size is projected to expand at a stupendous growth rate over the forecast period. The need for industrial automation and emergence of internet of things (IoT) for expediting automation can drive the market. This is exemplified by the adoption of connected devices by enterprises for monitoring the condition of machinery and…

The global biomass power market is projected to grow at a CAGR of 6.22% during the forecast period. As per the biomass power industry research report, the global market for biomass power is projected to grow swiftly by US$55.84 billion by 2025. According to analysts, demand for eco-friendly renewable sources of energy as well as the need to control the emission of greenhouse gases will drive…

The global generator sales market is expected to exhibit a strong 6.2% CAGR over the forecast period till 2023, according to the latest research report from Market Research Future (MRFR). The global generator sales market is mainly driven by the growing demand from the industrial sector, according to the report. This and other drivers boosting the global generator sales market are profiled in detail in the report. The key restraints holding back the global generator sales market are also…

The Global Thin Film Photovoltaic Market is predicted to grow at a whopping 28.36% CAGR between 2018- 2023 states the recent Market Research Future (MRFR) analysis. Solar power has emerged as a highly favored renewable energy industry. It is generated through concentrated solar panels and photovoltaics. Thin film photovoltaic is available in both inorganic and organic form and used…

The global freight and logistics market is expected to exhibit a strong 3.5% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global freight and logistics market was valued at USD 13.2 billion in 2018. The report profiles the historical growth trajectory of the global freight and logistics market in order to provide readers with a complete overview of the market’s growth trajectory over the review period. The…

Overview:

The global study of the recyclable packaging market reveals the possibility of recording 4.1% CAGR during the forecast period of 2019 to 2025. Market Research Future (MRFR) identified factors like the growing demand for eco-friendly measures, consumer awareness regarding the environmental crisis, availability of proper technological support, easy inclusion of advanced technologies, financial backing, the better scope for research and development, and others. The introduction…