power and energy

 Factors such as the toughening government regulations on water treatment, expanding chemical industry, and increasing oil and gas production are expected to fuel the metering pump market at a CAGR of 3.9% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will grow from $4.4 billion in 2019 to $6.8 billion by 2030. In recent years, the soaring demand for energy-efficient metering pumps, to reduce energy wastage, has become a major market trend. One of the key growth drivers of the market is the increasing implementation of strict water treatment laws in many countries. Water treatment plants use metering pumps to feed chemical additives to the wastewater to remove toxic microorganisms, slurry, and pollutants, thereby improving the water quality. For example, the U.S. government amended its Water Infrastructure Act (AWIA) in 2018 to focus on all water that is theoretically intended for drinking. This act empowers the Environmental Protect...

  With an increase in the population in New Zealand and Australia, there is a surge in the demand for commercial and residential buildings. The COVID-19 pandemic had a severe impact on the construction of residential and industrial buildings, but the situation has certainly improved. For instance, the Australian construction industry reported a gross value added of AUD 144 billion in 2021. As these activities are increasing in these countries, the need for VRF systems is also rising. The revenue of the Australian water-cooled heat pump VRF systems market was $22,137.0 thousand in 2021, and it will rise at an 8.6% CAGR from 2021 to 2030, to reach $46,335.2 thousand by 2030. Furthermore, the New Zealand water-cooled heat pump VRF systems market generated approximately $3,782.8 thousand in 2021, and the size will propel at a CAGR of 6.5% in the same period, to reach $6,637.3 thousand by 2030. In the years to come, there will be a surge in the demand for these systems in commercia...

 The major drivers of the global IoT microcontroller market include the surging requirement for IoT in several sectors, increasing preferences for automation, and technological advances. In 2021, the market stood at $4,836.9 million and it is predicted to reach $13,898.0 million by 2030. It is projected to advance at a CAGR of 12.4% from 2021 to 2030. This can be due to the surging need for connected products, including gaming consoles, security systems, smartphones, televisions, household appliances, and tablets.  The technological advances will pave the way to generate higher revenue in the IoT microcontroller market in the forecast period. Recognizable alterations have taken place in hospitals and clinics because of data analytics methods, wireless devices, and developments undertaken in computer-embedded technologies. Furthermore, by enabling the inspection of huge amounts of very complicated medical information, clinical research is being transformed by IoT technologies. ...

 The industrial sector is undergoing rapid digital transformation to counter the increasing complexity of production processes and achieve higher productivity, which is subsequently fueling the demand for industrial automation solutions. Additionally, the surging need for reducing labor costs in the manufacturing sector is also facilitating the adoption of such solutions. Thus, the burgeoning demand for industrial automation solutions will result in the large-scale adoption of mobile collaborative robots (cobots) in the foreseeable future.   Additionally, the surging use of mobile cobots in the automotive sector will drive the mobile collaborative robots market at a robust CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $543.3 million in 2019 and it will reach $6.8 billion by 2030. Automotive original equipment manufacturers (OEMs) use mobile cobots for welding, material handling, and assembling applica...

 In 2021, the New Zealand ventilation products market was valued at $113.8 million and is projected to touch $183.2 million in 2030. The market is predicted to grow at a 5.4% CAGR from 2021 to 2030 owing to the growing count of commercial and residential projects, rising inclination toward decentralized ventilation, increasing awareness about the environment and health. By removing odor, these products develop a sustainable atmosphere. Furthermore, as inhalation of harmful pollutants and chemicals can adversely affect health, there will be a surge in the need for such solutions in the forecast period. The rapid adoption of technological advancements will drive the New Zealand ventilation products market. This can be ascribed to the consistent efforts of producers who have developed ventilation products that provide protection against pollutants, viruses, and bacteria amid the spread of the pandemic. There is a paradigm shift among the companies for an amplified filtration ability. ...

 Product development and technological innovations, requirement for ash-less and smokeless vaping, and focus on health awareness will drive the U.K. e-cigarette market during the forecast period (2019–2024) at a CAGR of 19.6%. At this rate, the market will increase its size from $2.0 billion in 2018 to $6.4 billion by 2024. Currently, the market is observing the trends of the introduction of several flavors and fragrances, investment on research and development (R&D) of vaping technologies, and change in lifestyle preference.  Technological advancements in vaping products are one of the key factors that will drive the U.K. e-cigarette market growth during the forecast period. Moreover, tobacco manufacturers are also focusing on the development of novel technology to gain an edge over their competitors. Major players in the industry are introducing various innovative products that help in expanding their presence in emerging markets. Furthermore, the launch of advanced e-ci...

 The production and sales of automobiles has increased considerably across the globe. The demand for vehicles is particularly increasing from emerging economies, including South Korea, China, and India, as the disposable income of people in these regions is growing at a rapid pace. Because of this increasing production of automobiles, the demand for components and devices integrated in them is rising as well. Temperature sensors are among the devices that are integrated in automobiles.  These devices are usually used in heating, ventilation, and air conditioning systems of vehicles. A temperature sensor measures the temperature of its environment and converts the collected data into electronic data for monitoring, recording, or signaling temperature changes. According to a report by P&S Intelligence, the global temperature sensor market is predicted to reach a value of $11.1 billion by 2030, increasing from $6.9 billion in 2019, advancing at a 4.4% CAGR during the forecast...