techno

  The oilfield equipment market involves various machinery and equipment that are used in the oil and gas exploration and production activities. Some of the major equipment used include drilling equipment, well completion equipment, production machinery, valves and fittings, and oilfield automation and control equipment. The demand for oilfield equipment is growing due to increasing demand for oil and gas worldwide and rising production activities in developed as well as developing countries. The involvement of advanced technologies to improve oil recovery, deepwater offshore drilling, and other extraction procedures is also fueling the market growth. The global oilfield equipment market is estimated to be valued at US$ 129.6 Bn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period of 2024-2031. Key Takeaways Key players operating in the oilfield equipment are Baker Hughes, ABB, Delta Corporation, Weir Group, and Sunnda Corporation. These players are focus...

The oil refining industry involves the process of separating crude oil into useable refined products such as gasoline, diesel, jet fuel, fuel oils, liquefied petroleum gas, and other petrochemicals. Crude oil extracted from wells undergoes various refining processes such as fractionation, cracking, reforming, alkylation and isomerization to produce refined petroleum products that can be used directly or serve as feedstock for the petrochemical industry. The growing motorization trend worldwide and increasing consumption of petroleum products in sectors like transportation, power generation, manufacturing and infrastructure development have heightened the global demand for refined petroleum products. The Global oil refining market is estimated to be valued at US$ 1838.46 Bn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024-2031. Key Takeaways Key players operating in the oil refining market are Reliance Industries Limited, BP PLC, China National Petr...

The global nuclear reactor market is anticipated to witness significant growth owing to increasing demand for power worldwide. Nuclear reactors have emerged as reliable baseload power generation systems with zero carbon emissions. They utilize nuclear fission to produce heat that is further used to generate steam and power turbines to produce electricity. Some key advantages of nuclear reactors include continuous power generation capacity, low greenhouse gas emissions, and scalable electricity output. The growing population and rapid urbanization have increased the global energy demands exponentially. Electricity needs in various sectors like transportation, industrial, commercial, and residential continue to rise. Considering nuclear energy's capacity to provide sustainable and reliable power supply, many countries are investing in new reactor builds as well as plant life extensions. The Global nuclear reactor market is estimated to be valued at US$ 46.6 Bn in 2024 and is expecte...

  The minivans market provides a practical family vehicle solution for passengers and cargo transportation. Minivans offer ample seating for 7-8 individuals, storage space for luggage and other gear, easy access through sliding doors, and a comfortable ride. As more families prefer larger vehicles for their mobility needs, demand for minivans has increased. The need for a functional vehicle for family trips, kids' activities, and travel has driven the adoption of minivans among consumers. The Global minivans market is estimated to be valued at US$ 109.1 Bn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031. Minivans provide practical advantages over SUVs including better fuel-efficiency due to lower weight and optimized designs. Key players like Stellantis N.V, Nissan Motor Co. Ltd., Toyota Motor Corporation and Honda Motor Company are expanding their minivan production to leverage the growth opportunity. Key Takeaways Key players operating in...

The Light-duty vehicles market offers a wide range of personal vehicles designed for passenger transportation and cargo load capacity up to 6,000 pounds. These include passenger cars, pickup trucks, SUVs and vans that provide daily commuting as well as transporting goods for small businesses. The market has seen steady rise in demand owing to rapid urbanization, growing disposable incomes and preference for privately-owned vehicles over public transportation. The Global light duty vehicles market is estimated to be valued at US$ 87.2 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024-2031. Key players operating in the light duty vehicles market include Ford Motor Company, Nissan Motor Company, General Motors Company, Toyota Motor Corporation, Honda Motor Company, Ltd. Key Takeaways Key players in the light duty vehicles market Key players operating in the light duty vehicles are Ford Motor Company, Nissan Motor Company, General Motors Company, Toyot...

Irrigation automation refers to the process of using automated systems and modern technologies to regulate irrigation processes such as water distribution and management without human intervention. The systems use tools like sensors, controllers, valves and smart irrigation technologies along with software and web applications to automatically monitor soil moisture, weather, evapotranspiration rates and automate watering schedules accordingly. This helps optimize water usage for agricultural fields and landscapes. The need to conserve water and utilize it efficiently amid growing water scarcity across regions is driving increased adoption of irrigation automation. The Global irrigation automation market is estimated to be valued at US$ 4.8 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024-2031. Key Takeaways Key players operating in the irrigation automation market are The Toro Company, Hunter Industries, Valmont Industries Inc., Rain Bird Corpor...

The internal combustion engine market is estimated to be valued at US$ 256.7 billion in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024-2031. An internal combustion engine is a heat engine that burns a fuel, usually a fossil fuel, and produces mechanical work to power vehicles, machinery, and electricity generation equipment. The various advantages of internal combustion engines including high power density, reliability, durability, and ability to use widely available petroleum fuels drive its demand in transportation and industrial sectors. The continuous growth in vehicle production, increasing disposable incomes, and expanding middle-class populace especially in developing countries are stimulating the demand for internal combustion engines. Key Takeaways Key players operating in the internal combustion engine market are Volkswagen AG,Toyota Industries Corporation,Robert Bosch GmbH,Cummins Inc.,Caterpillar Incorporated,BMW. Volkswagen AG holds the la...

The industrial vehicle market comprises trucks, forklifts, tractors, loaders, cranes and other heavy-duty vehicles used for industrial applications. These vehicles play a vital role in material handling and transportation across various industrial verticals such as construction, manufacturing, warehousing, and utilities. Rising industrialization and commercialization activities globally have transformed material handling and transportation needs, thereby driving demand for industrial vehicles. The global industrial vehicle market is estimated to be valued at US$ 41.7 Bn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period of 2024-2031. Industrial vehicles offer advantages like high load capacity, maneuverability, and easy operation which have made them indispensable for handling heavy equipment and cargo in confined industrial spaces. Furthermore, advancements in battery and automation technologies are enhancing the efficiency, safety, and productivity of indus...

The hydrogen technology testing, inspection, and certification market comprises testing and certification services for hydrogen production, storage, transportation, and utilization equipment and infrastructure. Testing services validate design, performance, durability, and safety requirements, while inspection services include periodic assessments during manufacturing and operations. Certification ensures adherence to technical standards and regulatory compliance. The need for hydrogen technologies is propelled by the urgency to decarbonize various sectors and achieve sustainability goals. The global hydrogen technology testing, inspection, and certification market is estimated to be valued at US$ 6.1 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2024-2031. Stringent safety regulations for hydrogen production, storage, transportation are fueling demand for testing, inspection and certification services. Additionally, growing hydrogen infrastructure esp...

The hydrogen compressor market is witnessing significant demand owing to the increasing application of hydrogen gas across various end-use industries such as oil & gas, chemicals, automotive fuel cells, and others. Hydrogen gas finds wide usage as it acts as an energy carrier and can store and deliver energy from the production process to the point of use. The global hydrogen compressor market is estimated to be valued at US$ 5.26 billion in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024-2031. Hydrogen compressors play a vital role in transporting and storing hydrogen gas. They are used to compress hydrogen from low-pressure suction inlets to high-pressure discharge outlets for downstream uses and applications. The growing demand for hydrogen gas from the automotive industry as a fuel for fuel cell vehicles is a major factor driving the demand. Fuel cells provide zero-emissions power and are gaining traction for powering transportation. Many leading...

Early Developments The first Inboard engines for boats emerged in the late 19th century as engine technology advanced. Early gas and diesel engines were mounted inside hulls of watercraft, providing power through a drive shaft to a propeller. These primitive inboard engines paved the way for recreational boating as we know it today. Some key developments of these early engines included: Two-Stroke vs Four-Stroke Engines In the late 1800s, two-stroke engines became popular choices for inboard marine engines due to their compact size and good power-to-weight ratio. However, two-strokes produced more exhaust emissions than four-stroke engines. In the mid-1900s, four-stroke technology improved and became more prevalent in inboard boats for their cleaner operation. Today, most inboard engines are four-stroke gasoline or diesel. Improvements in Cooling Systems Early inboard engines overheated easily, requiring more advanced cooling systems. Raw water cooling circulates ambient water f...