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  The global brazed plate heat exchangers market size is anticipated to be valued at USD 1.4 billion by 2025 , accelerating at a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising urbanization and infrastructure developments have resulted in an increased demand for heat management systems. As a result, the demand for this market is likely to boost over the forecast period. The small footprint of brazed plate heat exchangers has resulted in their high adoption rate in industries including HVAC, chemical, petrochemical, oil & gas, power generation, and pharmaceuticals. These exchangers offer low maintenance cost and are energy efficient. Increasing demand for energy-saving products is expected to further boost the market growth over the forecast period. Single circuit segment was valued at USD 298.3 million in 2018 and it is expected to reach USD 470.8 million by 2025. Single circuit brazed plate heat exchangers are used for wat

  The global insulation market size is expected to reach USD 76.93 billion by 2025 , as per a new report by Grand View Research Inc. It is anticipated to expand at a CAGR of 5.7% during the forecast period. Rapid urbanization, population growth and industrialization in developing countries is estimated to boost the growth. Moreover, government initiatives to promote energy efficiency and sustainable development through insulation technologies are estimated to fuel growth of the global insulation market. Initiatives through the Weatherization Assistance Program (WAP) by the U.S. government through federal funding to encourage the use of thermal insulation in low-income households are likely to drive the market growth in North America. Strict insulation codes and laws effectuated by the European regulatory authorities have contributed to the rising awareness regarding rising energy costs and the need for energy efficiency. The market for industrial insulation is estimated to exhibi

  The global automotive aluminum market size is expected to reach USD 60.58 billion by 2025 , according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.7% during the forecast period. Rising emission standards and concerns regarding environment protection are triggering the growth. In August 2018, as per the new agreement between U.S, Mexico, and Canada, around 75% parts of cars or trucks must be manufactured in these three countries to qualify for zero tariffs. North American Free Trade Agreement (NAFTA) announced that the cars and trucks need to achieve the 54.5 mpg fuel efficiency by 2025. These government initiatives are focused on facilitating the auto manufacturers to reduce the weight of the car body by 25%. The major aluminum forms used in the automotive industry are castings, rolled products, extruded products, and stampings. Aluminum coupled with copper, manganese, or silicon is used in the automotive industry to manufacture component

  The global heat pump market size is anticipated to reach USD 103.8 billion by 2025 , accelerating at a CAGR of 8.5% over the forecast period, according to a new report published by Grand View Research, Inc. The demand for these pumps is anticipated to be driven by growing demand for energy-efficient heating solutions in residential and commercial sectors over the forecast period. The global construction industry, once thriving with increased investments, has been severely affected by the suspension of the construction activities in the wake of the ongoing pandemic. Shortage of labors coupled with potential supply chain bottlenecks of materials and equipment is expected to cause project delays in the ongoing funded projects and may lead to reduced spending in the upcoming projects. Uncertainty around the actual duration of the prevailing lockdown makes it hard to anticipate how a recovery in the construction industry will unfold. On similar lines, the HVAC industry has been advers

  The global automotive steel market is expected to reach USD 130.07 billion by 2025 , according to a new report by Grand View Research, Inc. is expected to witness a CAGR of 3.2% over the forecast period. Growing automotive production in Asia Pacific countries is likely to drive the market. Expansion of production facilities coupled with growing demand in the Asia Pacific are the key factors in the growth of regional automobile sector. In 2018, automotive production in countries including Thailand, Malaysia, Indonesia, and India has observed a significant growth in the production of vehicles. Growing demand for electric vehicles is another factor which is projected to create a positive impact on the demand for steel products. As per the International Energy Agency, over 1 million cars were sold in 2017 in the global market while China accounted for more than 50% sales. European countries including Norway, Iceland, and Sweden accounted for the highest market share for electric ve

  The global maleic anhydride market size is projected to reach USD 4.38 billion by 2025 registering a CAGR of 6.7% , according to a new report by Grand View Research, Inc. Maleic anhydride is used to manufacture 1,4-Butanediol (BDO), which has a high demand from the textile industry and the manufacturers of Tetrahydrofuran (THF) and Polyurethane (PU). 1,4-BDO is an organic compound used as an industrial solvent & cleaner and glue remover. It is a key raw material for manufacturing spandex via producing polytetramethylene ether glycol. 1,4-BDO has majorly replaced rubber in most textile applications, such as foundation garments, girdles, suspenders, waistbands, hosiery, and socks. One of its major products, spandex, is widely used for manufacturing stretchable clothing as it is flexible and durable. Increasing demand for fibers with ‘memory’ and high-quality blends that offer suppleness and comfort to leather products has driven the demand for 1,4-BDO. The European market is

  The global aerospace engineering services outsourcing market size is anticipated to reach USD 188.24 billion by 2025 , registering a CAGR of 25.9% over the forecast period, according to a new report by Grand View Research, Inc. The increased demand for the replacement of aging and outdated aircraft and the intensifying need to reduce operational costs are expected to drive the increased global demand for aerospace engineering services outsourcing (ESO) over the forecast period. Owing to the increasing engineering and technological complexities in the industry, Original Equipment Manufacturers (OEMs) are facing the growing need to outsource some of their services to specialized aerospace Engineering Service Providers (ESPs). Outsourcing a variety of engineering services can help manufacturers reduce their operating expenses and simultaneously harness the domain-specific skills of these ESPs. Factors such as a flourishing middle-class population, increasing per capita incomes, and

  The global digital transaction management market size is expected to reach USD 15,726.0 million by 2025 , registering a CAGR of 19.7% over the forecast period, according to a new report by Grand View Research, Inc. The increasing internet penetration and the growing popularity of digital transactions are expected to trigger the demand for digital transaction management (DTM) solutions over the forecast period. The growing adoption of digital payment modes is also expected to drive the demand for DTM solutions. The continued digitization of transaction management processes is emerging as one of the key drivers of market growth. As such, the growing adoption of DTM solutions, particularly by BFSI companies and government agencies, to streamline the business processes, is expected to drive the demand for DTM solutions. Adoption of latest technologies, such as Blockchain, Internet of Things (IoT), and Big Data, coupled with the proliferation of cloud services is also expected to play