Commercial Refrigeration Equipment Market Size Report, 2024. The global commercial refrigeration equipment market value is expected to exceed USD 40.87 billion by 2024 growing at an estimated CAGR of over 5.6% from 2016 to 2024.
Increasing industrialization and technological development have changed the food patterns coupled with rising specialty food stores, supermarkets, and hypermarkets have been the key factor in driving the industry growth. There is a need for energy efficient system in hospitality industry due to the continuous advanced cooling technologies. These equipment are used to store perishable goods for safe and healthy use at appropriate temperatures and for food service needs. The rapid growth of frozen food items in global due to changes in trends of consumption pattern has increased the commercial refrigeration demand in the market. The introduction of advanced products like multi-deck display cabinets and open front cases integrated with proximity sensors and LEDs is expected to have high growth over the forecast period.
Global Industry Report, 2024. The global fencing market is expected to be valued at approximate USD 24 billion in 2014 and it is projected to grow at an approximate CAGR of 5% over the forecast period of 2016 to 2024.
Infrastructure development, improvement & remodeling work, new housing construction are expected to remain a key driving factor for market growth over the forecast period. The major factors expected to spur the market growth are the security concern, a rise in safety, commercial construction, transportation construction, and rebounding office. Factors such as design, quality, and aesthetic value are expected to witness the rise in demand owing to the enhancement of aesthetic construction buildings and properties. Drilling Machine Market Size, Share. A drilling machine is used to create holes in the solid materials such as metals, woods or other materials.
Drilling machine has witnessed rising demand in the end-use industries including non-residential and residential sectors. Growing infrastructure development in the emerging economies is expected to fuel the Drilling Machine Market growth in next eight years. Drilling machines are used in wide variety of applications such as woodworking, metalworking and oil well drilling. Constructional development in the sectors such as residential, commercial, manufacturing, institutional and public works and electric utilities are accelerating the market growth over the forecast period. Drill rig is a type of drill machine used to drill water wells and oil wells.
Paper drilling machine that is a type of spindle drilling machines are also used for filing of sheets, booklets and brochures in file folders and ring binders. Drawer Slides Market Share, Growth, Industry Trends and Forecast to 2024. Drawers are extensively used for storing things.
For a drawer, slides are the most important part acting as a supporting structure without which drawer could not be installed. Technological advancements have enabled the introduction of drawer slide with an integrated lock which is one of the reasons for the product demand globally. Drawer slides are designed for drawers used in industrial purposes such as tool boxes, laboratory furniture, medical cabinets, IT enclosures, stillages and warehousing. Rapid industrialization in the Asia-Pacific region, especially in India and China is positively influencing the demand for drawer slides. . With the increase in public transportation buses, the need for vehicle batteries, emergency vehicle equipment, electronic equipment and luggage compartment accelerated which in turn raised the demand for heavy duty slides required for these high load weights.
Cash drawers in every house and retail stores require ball bearing slides.
Building Energy Management Systems Market Trends and Forecasts, 2016 to 2024. Global building energy management systems (BEMS) market is projected to grow at a CAGR of 13.59% to reach over USD 7 billion by 2024.
High energy cost in the manufacturing and commercial sector has compelled companies to adopt energy-efficient products and systems. Intelligent building energy management products have helped companies reduce the operational cost to a large extent. Increasing campaigns and activities promoted by the government and other authorities for reducing energy consumption is anticipated to spur the BEMS market demand in the residential, industrial, and commercial sectors. Commercial, residential, and industrial sectors are now investing in technologies for effectively monitoring, controlling, and conserving energy.
The building & construction industry is primarily accountable for high energy consumption and global greenhouse emission. BEMS based on product is segmented into HVAC systems, solar power, and LED lights.