Fluid Power Equipment Global Market Report 2023 – By Type (Hydraulic, Pneumatic), By Product Types (Pumps, Motors, Valves, Cylinders, Accumulators And Filters, Other Product Types), By Application (Construction, Automotive, Oil And Gas, Food Processing, Packaging, Semiconductor, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Metal valves refer to a type of instrument that is adaptable, strong, and reliable, consisting of metal, and that is designed to regulate, direct, and control the flow of liquids, gases, and slurries from containers to the point of application in industries to provide a measured amount of raw material. The main types of metal valve are industrial valves, fluid power valves, and hose fitting, plumbing fixture fitting and trim, and other types. Industrial valves are devices that are used for regulating liquids, gases, and slurries. The flow of liquids or gases is controlled using these valves. This is done through pipes and other passageways by opening, closing, and partially obstructing the passageway or pipe. The products used are pressure-reducing valves, safety/relief valves, control valves, globe valves, plug valves, gate valves, ball valves, butterfly valves, diaphragm valves, and other products. The various end-user industries involved are chemicals, marine, construction, mining, oil & gas, and other end-user industries. The global metal valve market is segmented - 1) By Type: Industrial Valve, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting 2) By Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Products 3) By End User Industry: Chemicals, Marine, Construction, Mining, Oil and Gas, Other End User Industries The global metal valves market size grew from $273.53 billion in 2022 to $293.86 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of metal valves is expected to grow to $381.84 billion in 2027 at a CAGR of 6.8%. The growth of the chemical industry is expected to propel the growth of the metal valves market going forward. Metal valves such as butterfly valves, ball valves, gate valves, check valves, globe valves, plug valves, and actuated valves perform an essential role in chemical processing, thereby contributing to the growth of the metal valves market. For instance, according to a report published by the American Chemistry Council (ACC), a US-based industry trade association for American chemical companies, the output of chemicals in the US is strong, and all chemical businesses are expanding. The ACC anticipates that output will increase by 2.4% in 2023, with the amount spent on capital projects increasing by 5.5% in 2023. Thus, the growth of the chemical industry is expected to drive the growth of the metal valves market going forward. Major players in the metal valve market are Parker-Hannifin Corporation, Emerson Electric Co, IMI plc, Atlas Copco AB, The Flowserve Corporation, The Crane Company, KITZ Corporation, Metso Oyj, Spectrum Brands Holdings Inc., and Globe Union Industrial Corp. Product innovations are the key trend gaining popularity in the metal valve market. Major companies operating in the metal valves sector are focused on introducing new products with innovative technology and features to gain a competitive advantage. For instance, in 2022, Warren Controls, a US-based manufacturer of valves for commercial, industrial, and other industries, launched the industrial control valves Series 2900. These valves have applications in industries such as food and beverages as well as other manufacturing purposes. The distinctive qualities and innovative qualities of these products include a rugged cast iron body and a selection of trim materials, including bronze, 300 stainless steel, 17-4PH stainless steel, and Alloy 6 amongst other materials. Companies in this market have moved towards metal additive manufacturing due to increased consumer demand for lightweight, faster, and fuel-efficient automobiles that in turn drive the market for metal valves. There is a growing demand in countries such as Germany, Japan, China, and India. Increased investments towards metal additive manufacturing technology have led to process improvements and a fall in production costs. The Asia-Pacific was the largest region in the metal valve market share in 2022. Western Europe was the second-largest region in the metal valve market. The regions covered in the global metal valve industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the metal valve market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The metal valve market consists of sales of air valves, liquid supply valves, and slurry valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hydraulic workover is an intervention technique used for installing or removing tubes (pipes) in and out of dead wells (the well with zero surface pressure). Hydraulic cylinders enable precise control of tubular movements and reduce the need for a huge mast structure found on traditional drilling rigs. The main services in the hydraulic workover unit are workover and snubbing. The snubbing services are used to install or eliminate tubular from a well while the well is pressurized. Snubbing has the advantage of allowing work to be done without dying the well, which eliminates reservoir formation damage and costly stimulation procedures. The various installation types include skid mounted, and trailer mounted and has a capacity in different ranges such as 0-50 tonnes, 51-150 tonnes, and above 150 tonnes. The hydraulic workover unit is used for onshore and offshore applications. The global hydraulic workover unit market is segmented – 1) By Service: Workover, Snubbing 2) By Installation: Skid Mounted, Trailer Mounted 3) By Capacity: 0-50 tonnes, 51-150 tonnes, Above 150 tonnes 4) By Application: Onshore, Offshore The global hydraulic workover unit market size will grow from $9.7 billion in 2022 to $10.67 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydraulic workover unit market size is expected to grow to $14.25 billion in 2027 at a CAGR of 7.5%. The increasing shale gas production is projected to propel the growth of the hydraulic workover unit market in the coming years. Shale gas is natural gas generated from a type of sedimentary rock called shale that is formed from clastic origins such as sedimentary rock or siltstone. The most adaptable technology available in the upstream oil and gas industry is the snubbing unit, which is a type of hydraulic workover unit. According to the United States Energy Information Administration, shale gas production in the USA is expected to increase from 27.90 trillion cubic feet in 2021 to 32.50 trillion cubic feet by 2025. Therefore, the increasing shale gas production drives the growth of the hydraulic workover unit market. Major players in the hydraulic workover unit market are Archer limited, Basic Energy Services, Inc., Canadian Energy Equipment Manufacturing FZE, Cudd Energy Services, Easternwell Group, Elnusa, Halliburton Company, High Arctic Energy Services Inc., Key Energy Services, LLC, NOV Inc., Precision Drilling Corporation, Superior Energy Services, Inc., Uzma Berhad, Velesto Energy Berhad, and ZYT Petroleum Equipment Co Ltd. The introduction of multiphase projects is a key trend gaining popularity in the hydraulic workover unit market. Major players operating in the hydraulic workover unit sector are launching multiphase projects in collaboration with technology players to set a new offshore snubbing unit or hydraulic workover world record. For instance, in September 2020, SBS Energy Services (SBS), a US-based provider of snubbing, and hydraulic workover services entered into a strategic partnership with Helix Solutions to complete a multi-phase project that deactivates roughly 29,000 feet of 10 inches by 6 inches insulated pipeline in the Gulf of Mexico. In November 2021, VAALCO Energy Inc., a US-based hydrocarbon exploration company, acquired two hydraulic workovers at Etame field offshore Gabon. The acquisition increased the oil production capability of the company to approximately 1,050 gross barrels crude oil per day. North America was the largest region in the hydraulic workover unit market in 2022. The regions covered in the hydraulic workover unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hydraulic workover unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydraulic workover unit market consists of sales of standalone, drilling unit, and rig unit. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydraulic workover unit market research report is one of a series of new reports from The Business Research Company that provides hydraulic workover unit market statistics, including hydraulic workover unit industry global market size, regional shares, competitors with market share, detailed hydraulic workover unit market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic workover unit industry. This hydraulic workover unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The waterjet cutting machine refers to an industrial tool that is capable of cutting a wide variety of materials by using a very high-pressure jet of water. It is used to cut a range of materials and metals using a high-pressure water stream to generate the required cutting power. The water used in this process has been treated to remove abrasive substances and sand. This can be used to precisely cut very thick workpieces. The different types of waterjets cutting machines include 3D waterjet cutting machines, micro waterjet cutting machines, and robotics waterjet cutting machines. The 3D waterjet cutting machines waterjet cutting machine market consists of sales of 3D waterjet cutting machines by entities (organizations, sole traders, and partnerships) that are designed to cut advanced 3D shapes in different work planes. The 3D waterjet cutting machines are 5- and 6-axis waterjet systems designed to perform complex 3D operations. The main technologies of waterjet cutting machines include pure and abrasive and utilize different pumps for operations, which includes direct drive pumps, and hydraulic intensifier pumps. The waterjet cutting machines are used in Exotic metal and Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting, and others. The end-user industries of waterjet cutting include electronics, metal fabrication, automotive, food processing, aerospace, textile, and others. The global waterjet cutting machine market is segmented - 1) By Product: 3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines, Robotics Waterjet Cutting Machines 2) By Technology: Pure, Abrasive 3) By Pump Type: Direct Drive Pump, Hydraulic Intensifier Pump 4) By Application: Exotic metal and Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting, Other Applications 5) By Industry: Electronics, Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Other Industries The global waterjet cutting machine market size grew from $1.16 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of waterjet cutting machine market is expected to grow to $1.99 billion in 2027 at a CAGR of 11.6%. Increasing demand for environment-friendly cutting processes and practices is significantly contributing to the growth of the waterjet cutting machine market. The stringent government policies towards the usage of chemical fluids in the manufacturing process and increasing companies toward sustainable business practices had led to a shift in industries’ interests towards adopting environmentally friendly cutting methods and practices in sectors such as automotive, mining, electronics, and construction, packaging, and textile. For instance, in 2022, the European Commission adopted a proposal for a regulation that would harmonize conditions for marketing construction products. This proposed regulation was part of a package of proposals that was aimed at making sustainable products the norm in the EU, boosting circular business models, and empowering consumers for the green transition. Major players in the waterjet cutting machine market are Flow International Corporation, BYSTRONIC, Water Jet Sweden, Waterjet Corporation S.R.L., Dardi, Wardjet, OMAX Corporation, Koike Aronson, Inc., KMT, Techni Waterjet, Techni Waterjet, Huffman, Jekran, Lincoln Electric, STM waterjet, International Waterjet Machines, Foshan Yongshengda Machinery, Accurl, and LDSA. The use of cutting fluids in machining processes hurts the environment. As a result, most environmental machining research and development has centered on eliminating or minimizing the use of traditional cutting fluids or replacing them with environmentally friendly alternatives. Therefore because of numerous advantages, the demand for environment-friendly cutting processes and practices is expected to propel the growth of the waterjet cutting machine market over the coming years. Advancement in technology and innovation is a key trend being followed by the companies operating in the waterjet cutting machine market. The development technologies, such as multi-axis waterjet cutting and 3D cutting, would enable the waterjet cutting process to expand its global penetration. Micro waterjet cutting and nano jet cutting are two significant breakthroughs that are gaining significant growth. For instance, In October 2020, Techni Waterjet, a US-based producer of waterjet cutting machines, introduce the Intec-G2 CNC Waterjet machines, which provide significant benefits and enhanced capabilities to the operation. The machine can cut accurate pieces in almost any material, cut parts up to 12" thick in almost any material, and quickly cut and construct kitchen benchtops. Cut window panels to size or make frameless shower screens Make signs or complicated metal designs for use as artwork, tools, or fencing. In January 2021, Shape Technologies Group, Inc., a USA-based manufacturer of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions acquired Riverstone Waterjets, a Canada-based manufacturer of waterjet machines, blasting pumps, equipment, and fittings for High-Pressure and Ultra High-Pressure applications, for an undisclosed amount. The acquisition is expected to broaden SHAPE’s ability to provide elevated service across Canada through additional local technicians and on-hand inventory, allowing for optimized delivery and support to the water blast industry as well as the wider oil and gas and industrial marketplace. North America was the largest region in the waterjet cutting machine market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global waterjet cutting machine market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the waterjet cutting machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The waterjet cutting machine market consists of sales of cutting water jet, high-pressure water inlet, pressurizing pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The waterjet cutting machine market research report is one of a series of new reports from The Business Research Company that provides waterjet cutting machine market statistics, including waterjet cutting machine industry global market size, regional shares, competitors with a waterjet cutting machine market share, detailed waterjet cutting machine market segments, market trends and opportunities, and any further data you may need to thrive in the waterjet cutting machine industry. This waterjet cutting machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Phase-change materials refer to a class of substances that, while changing from one physical state to another, such as from a solid to a liquid, absorb or release significant amounts of latent heat. Phase change materials are also known as latent heat storage units, commonly used in solar power plants, waste heat recovery systems, preservation of food, pharmaceutical products, and construction. The main types of phase change materials are organic, inorganic, and bio-based. Organic phase change materials are a type of phase change materials that can absorb and release latent heat during the phase change process at certain temperatures. The different product types include paraffin, non-paraffin, salt hydrates, eutectics and use various encapsulation technologies such as macro, micro, and molecular. It is implemented in several end-use industries such as building and construction, packaging, textiles, electronics, transportation, and others. The global phase change materials market is segmented - 1) By Type: Organic, Inorganic, Bio-based 2) By Encapsulation Technology: Macro, Micro, Molecular 3) By Product: Paraffin, Non-Paraffin, Salt Hydrates, Eutectics 4) By End-User: Building and Construction, Packaging, Textiles, Electronics, Transportation, Other End-Users The global phase change materials market size grew from $1.29 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 21.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the phase change materials market is expected to grow to $2.92 billion in 2027 at a CAGR of 16.8%. The growing construction industry across the globe is contributing to the growth of the phase change materials market in the forecast period. The phase change materials are used in a variety of places during the construction of a building, such as roofs, floors, and electrical appliances, and they are also used to reduce temperature fluctuations in the internal environment by storing latent heat while material transitions from solid to liquid. The rapid growth in the urban population is expected to increase the demand for new residential and commercial buildings during the forecast period. For instance, according to the Intercontinental Exchange (ICE), a US-based technology company the global construction sector is projected to reach $8 trillion by 2030. Therefore, the growing construction industry across the globe drives the growth of the phase change materials market. Major players in the phase change materials market are Honeywell Electronic Materials Inc., Microtek Laboratories, Croda International, Sasol, Henkel, Climator, PCM Products, Phase Change Energy Solutions, Rubitherm Technologies, Cryopak, Outlast Technologies, Dupont, Dow Chemical Company, BASF, Puretemp, Pluss Advanced Technologies, and Cold Chain Technologies. The introduction of bio-based phase change material fabric coatings is shaping the phase change materials market. Bio-based phase change materials are manufactured using bio-based products such as beef tallow or oils from coconut, palm, and soybeans. For instance, In February 2021, Royal DSM, a Dutch multinational corporation, launched bio-based Arnitel, a thermoplastic elastomer, with Sympatex Technologies. DSM Engineering Materials is facilitating membrane manufacturers by providing a new variety of mass-balanced bio-based Arnitel. Arnitel, a bio-based product from DSM, is produced utilising a mass-balance method with bio-based feedstock. More than 25% of the final product's weight is made up of bio-based materials. In July 2021, Dupont, a US-based chemicals company, acquired Laird performance materials from Advent International for an undisclosed amount. The addition of Laird Performance Materials significantly strengthens DuPont's Electronics & Industrial (E&I) segment and represents another significant step forward in their strategy to grow as a global innovation leader and premier multi-industrial company. Laird Performance Materials is a China-based company that offers phase change materials. Europe was the largest region in the phase change materials market in 2022. The regions covered in the phase change materials market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the phase change materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The phase change materials consist of paraffin, nonparaffin, salt hydrates, metallic alloys, and plant-based materials. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The phase change materials market research report is one of a series of new reports from The Business Research Company that provides phase change materials market statistics, including phase change materials industry global market size, regional shares, competitors with a phase change materials market share, detailed phase change materials market segments, market trends and opportunities, and any further data you may need to thrive in the phase change materials industry. This phase change materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Geotechnical services are a branch of civil engineering services and are employed in designing infrastructure such as bridges, tunnels, and other onshore and offshore structures as construction support by investigating the soil, rock, fault distribution, and bedrock properties. The main types of products in geotechnical services are underground city space engineering, slope and excavation engineering, and ground and foundation engineering. Slope and excavation engineering are used in designing stable and long-lasting slope and excavation support systems. It helps in understanding how soft soils and hard rock respond to excavation to provide a full range of slope stability and support-of-excavation solutions, from the construction of support designs for new slopes or excavations to the design of slope instabilities or post-slope failure remedial methods. The different networking technologies include wired, and wireless and are used in various applications such as municipal engineering, hydraulic engineering, bridge and tunnel engineering, mining engineering, marine engineering, national defense engineering, building construction, and others. The global geotechnical services market is segmented - 1) By Product Type: Underground City Space Engineering, Slope And Excavation Engineering, Ground And Foundation Engineering 2) By Networking Technology: Wired, Wireless 3) By Application: Municipal Engineering, Hydraulic Engineering, Bridge And Tunnel Engineering, Mining Engineering, Marine Engineering, National Defense Engineering, Building Construction, Other Applications The global geotechnical services market size will grow from $2.08 billion in 2022 to $2.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global geotechnical services is expected to grow to $2.71 billion in 2027 at a CAGR of 5.1%. The rising investments in wind energy are expected to propel the growth of the geotechnical services market going forward. The technique of using the wind to generate mechanical power or electricity is referred to as wind energy. It necessitates the use of particularly tailored geotechnical exploration and data analysis approaches to managing risks at various phases of project development. For instance, according to the U.S. Department of Energy, wind energy accounted for $24.6 billion of investment in 2020 in the USA. The offshore wind pipeline in the United States rose by 24% year over year, with 35,324 MW at various phases of development. Therefore, the rising investment in wind energy is driving the growth of the geotechnical services market. Major players in the geotechnical services market are AECOM, AMEC Engineering, Arup Group, Bechtel Group, CH2M HILL, Fugro, Gardline Limited, Geoquip Marine Group, HDR Inc., Jacobs Engineering Group, Kiewit Corporation, Stantec, Tetra Tech, Turner Construction, and WSP Global. Technological advancement is a key trend gaining popularity in the geotechnical services market. Technological advancement is a discovery of knowledge that advances technology. In July 2021, Ryder Geotechnical Limited, a UK-based geotechnical services provider launched its new geotechnical data analysis solution Hadrian Cloud Services. Hadrian is an analytical and visualization tool that allows users to easily interact and interrogate geotechnical data and provide detailed design. It also offers hassle-free geotechnical insight via intuitive controls, speed-ups the responsive data-driven design decisions, and helps streamline the offshore construction project. In July 2021, Universal Engineering Sciences (UES), a US-based engineering and consulting company specializing in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting acquired Geotechnology Inc., for an undisclosed amount. The acquisition is expected to expand the presence of Universal Engineering Sciences into seven additional states, making it a national firm. Geotechnology Inc., is a US-based producer of geotechnical services such as geology, subsurface exploration services, site evaluation, material testing, and earthquake engineering. North America was the largest region in the geotechnical services market in 2022. The regions covered in the geotechnical services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geotechnical services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geotechnical services market consists of revenue earned by entities that involve the study of materials present under the earth's surface. It is a branch of civil engineering and is used in planning infrastructures such as tunnels and bridges and other onshore and offshore constructions. It also includes specialist fields such as soil and rock mechanics, geophysics, hydrogeology, and associated disciplines such as geology. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The geotechnical services market research report is one of a series of new reports from The Business Research Company that provides geotechnical services market statistics, including geotechnical services industry global market size, regional shares, competitors with a geotechnical services market share, detailed geotechnical services market segments, market trends and opportunities, and any further data you may need to thrive in the geotechnical services industry. This geotechnical services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Light towers are mobile equipment consisting of high-intensity electric lamps and masts, along with a trailer attached to it with a generator setup at the back to power the bulbs when insufficient artificial or natural light is present. In light towers, power is usually generated from diesel, solar energy, batteries, or hybrid methods to illuminate bulbs. Light towers are used in construction, infrastructure development, the oil and gas industry, mining, the military and defense, as well as in emergency and disaster relief. The main types of light towers are stationary and mobile. Stationary light towers are fixed or mounted towers on a particular base, horizontally or vertically, with high electric lamps with various sizes of masts and are ideal for fixed position use. These light towers have different types of lighting, such as metal halide, LED, and electricity. Light towers can be of either manual lighting technology or hydralic lighting technology. Light towers are of various fuel types, including solar/hybrid, diesel, and direct power. Light towers are used by end users, such as oil and gas, mining, construction, and events and sports. The global light towers market is segmented - 1) By Product: Stationary, Mobile 2) By Fuel Type: Solar/Hybrid, Diesel, Direct Power 3) By Technology: Manual lifting, Hydraulic lifting 4) By Lighting: Metal Halide, LED, Electric 5) By End User: Oil & Gas, Mining, Construction, Events & Sports The global light towers market size grew from $3.25 billion in 2022 to $3.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global light towers is expected to grow to $4.59 billion in 2027 at a CAGR of 7.0%. Increased infrastructure activities are significantly contributing to the growth of the light towers market. Light towers are usually used on mining sites, accident sites, construction sites, rescue solutions, and others. Light towers are very useful equipment on infrastructure construction sites such as railways, highways, or roadways, sewers, power lines, and other infrastructure projects during night operations in remote places where insufficient light is present and good illumination is required. Light towers on construction sites increase the safety of workers and productivity. For instance, in 2020, according to the CDP-ICLEI Unified Reporting System, approximately 304 infrastructure projects are under way across 97 cities in the United States. These projects include transportation, energy-efficient buildings, retrofit projects, and others. Therefore, the increasing infrastructure activities drive the growth of the light towers market. Major players in the light towers market are Generac Mobile Products, Terex Corporation, Doosan Portable Power, Wacker Neuson SE, Atlas Copco (India) Ltd., United Rentals Inc., The Will-Burt Company, Aska Equipments Limited, Larson Electronic LLC, Olikara Lighting Towers Pvt Ltd., Allmand Bros. Inc., Xylem, Chicago Pneumatic, J.C. Bamford Excavators Ltd., Colorado Standby, Youngman Richardson, WANCO INC., and Multiquip Inc. New product development is the key trend being followed by the companies operating in the light towers market. This is due to the presence of a large number of light tower manufacturing companies as well as their extending their growth in new areas to be a leader in the market. For instance, in 2021, Generac Power Systems, Inc., an American-based backup power generation products manufacturing company, developed a product named Generac’s V20 PRO tower, which is an all-in-one mobile lighting tower that can be operated with different fuelling systems such as diesel, battery, hybrid, external power, and solar energy in a single machine. Generac’s V20 PRO tower comes with a variety of external sources for charging the battery packs, including a solar panel kit, a generator, and a mains power supply. In September 2021, Trime S.R.L., an Italy-based light tower manufacturing company, partnered with Tecnogen Spa, an Italy-based multinational generator manufacturing company, and acquired FTG Equipment Solutions for an undisclosed amount. Through this acquisition, Trime S.R.L. aims to target the American light equipment industry, increase production through a distribution strategy, and strengthen its product portfolio of light towers for various infrastructure projects. FTG Equipment Solutions is an American-based distribution company for generators and light towers market. North America and Asia-Pacific were the largest regions in the light towers market in 2022. During the forecast period, Asia-Pacific is expected to be the fastest-growing region. The regions covered in the light towers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the light towers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The light towers market consists of sales of audibles, ballasts, beacon accessories, beacons , flashlights and work lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the light towers market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The light towers research report is one of a series of new reports from The Business Research Company that provides light towers market statistics, including light towers industry global market size, regional shares, competitors with light towers share, detailed light towers market segments, light towers market trends and opportunities, and any further data you may need to thrive in the light towers industry. This light towers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Hydraulic fracturing refers to the process of creating fractures in an oil or gas-bearing rock formation by injecting a high-pressure liquid into the wells. In the process, once the wells are drilled, cased, and cemented, small perforations are made throughout the pipe by injecting a fluid mixture, which consists of 90% water, 9.5% sand, and 0.5% additives to create microfractures. The main technologies of hydraulic fracturing include plug & perf and sliding sleeves. The plug and perf refer to a stimulation technique deployed in wells with cemented liners. Plug and perf is the preferred and widely used fracturing method for unconventional wells. Plug-and-perf technique includes pumping down a bridge plug on a wireline with perforating guns to a horizontal location near the toe of the well, then the plug is adjusted, and the zone is perforated. The fluids used in hydraulic fracturing include sickwater-based fluid, foam-based fluid, gelled oil-based fluid, and others. Hydraulic fracturing is used in horizontal wells and vertical wells located on both onshore and offshore locations. The global hydraulic fracturing market is segmented - 1) By Technology: Plug and Perf, Sliding Sleeve 2) By Fluid Type: Slick Water-based Fluid, Foam-based Fluid, Gelled Oil-based Fluid, Other Fluid Types 3) By Well Type: Horizontal Well, Vertical well 4) By Application: Onshore, Offshore The global hydraulic fracturing market size will grow from $36.23 billion in 2022 to $39.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global hydraulic fracturing is expected to grow to $55.01 billion in 2027 at a CAGR of 8.6%. Rising demand for oil and gas from offshore assets is driving the growth of the hydraulic fracturing market. The rising demand for energy worldwide has led oil and gas operators to maximize the value of their existing assets by using more advanced methods such as hydraulic fracturing for oil and gas recovery while extending production and exploration activities to remote and harsher environments. For instance, according to IBEF, an Indian government export promotion agency, in 2021, India's oil demand is projected to rise at the fastest pace in the world to reach 10 million barrels per day by 2030, from 4.9 million barrels per day in 2021. Natural gas consumption has been forecasted to increase at a CAGR of 4.18% to 143.08 million tonnes by 2040, from 58.10 million tonnes in 2018. Therefore, the rising demand for oil and gas from offshore assets will drive the growth of the hydraulic fracturing market. Major players in the hydraulic fracturing market are Halliburton, Schlumberger, Baker Hughes, NexTier Oilfield Solutions, Calfrac Well Service, Trican Well Service, Nine Energy Services, FTS International, U.S. Well Services, Liberty Oilfield Services, ProPetro Holding Corp., Tacrom Services Srl., Weatherford, Basic Energy Services Inc., STEP Energy Services, Petro Welt Technologies AG, and Nabors Industries Ltd. Technological advancement is a key trend gaining popularity in the hydraulic fracturing market. The companies operating in hydraulic fracturing are adopting advanced technologies such as automation, real-time tracking systems, live 3D visualization systems, and other technologies, as they offer efficiency in hydraulic fracturing operations with automated controls and better visibility. For instance, in October 2020, Halliburton, an American multinational corporation actively involved in hydraulic fracturing operations, introduced SmartFleet, the first intelligent automated fracturing system. The automated fracturing system includes automated actions while pumping to improve near-wellbore and far-field fracture placement and directly manage frac hits. SmartFleet gives operators real-time fracture control while pumping the integrating subsurface fracture measurements, live 3D visualization, and real-time fracture commands. In August 2021, NexTier Oilfield Solutions Inc., a Texas-based oilfield service company, acquired Alamo Pressure Pumping, LLC, for approximately $268 million. The acquisition will bring significant opportunities for deploying gas-powered equipment and complementary integrated solutions into the market. Alamo Pressure Pumping, LLC is a Texas-based oil and gas company that provides safe and quality fracturing services. North America was the largest region in the hydraulic fracturing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic fracturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydraulic fracturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The hydraulic fracturing market consists of revenues earned by entities that are engaged in providing services such as preparation, drilling, well completion, production, and well abandonment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydraulic fracturing market research report is one of a series of new reports from The Business Research Company that provides hydraulic fracturing market statistics, including the hydraulic fracturing industry global market size, regional shares, competitors with a hydraulic fracturing market share, detailed hydraulic fracturing market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic fracturing industry. This hydraulic fracturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry

Hydraulic cylinders refer to actuation devices that use pressurized hydraulic fluid to produce linear motion and force. It is a mechanical actuator that gives a unidirectional force through a unidirectional stroke. The main types of hydraulic cylinders are single-acting hydraulic cylinders and double-acting hydraulic cylinders. Single-acting cylinders are only extended by a pump's pressure and then retracted by the weight of the load or a built-in spring. The specification of hydraulic cylinders is a telescopic cylinder, tie rod cylinder, mill type cylinder, and a welded cylinder that has a bore size of less than 50 mm, 50 to 150 mm, greater than 150 mm applied across industrial equipment, mobile equipment. Hydraulic cylinders have end-use industries such as construction, aerospace & defense, material handling, agriculture, automotive, mining, oil & gas, marine, and other end-users. The global hydraulic cylinder market is segmented - 1) By Function: Single Acting Hydraulic Cylinder, Double Acting Hydraulic Cylinder 2) By Specification: Telescopic Cylinder, Tie Rod Cylinder, Mill Type Cylinder, Welded Cylinder 3) By Bore Size: Less Than 50 MM, 50 to 150 MM, Greater Than 150 MM 4) By Application: Industrial Equipment, Mobile Equipment 5) By End-User: Construction, Aerospace And Defense, Material Handling, Agriculture, Automotive, Mining, Oil And Gas, Marine, Other End-Users The global hydraulic cylinder market size grew from $17.47 billion in 2022 to $18.33 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the hydraulic cylinder market is expected to grow to $22.32 billion in 2027 at a CAGR of 5.0%. The significant increase in demand from the construction industry is expected to drive the growth of the hydraulic cylinder market. Since construction projects are becoming more complex with higher demand for infrastructure, the construction industry has been the most affected industry by the development of and implementation of hydraulic technologies. For instance, according to the Ministry of Statistics and Programme Implementation, a ministry of the Government of India concerned with coverage and quality aspects of statistics released, the construction industry is expected to rise in double digits in FY22, rebounding from an 8.6% decline last year, thanks to the base effect and the economy's forecast 9.2% expansion. The significant increase in demand from the construction industry is likely to drive the growth of the hydraulic cylinder market. Major players in the hydraulic cylinder market are Bosch Rexroth, Eaton, SMC Corporation, HYDAC, Texas Hydraulics Inc., Parker-Hannifin Corporation, Wipro Enterprises, LEO engineers, BDI, Enerpac Tool Group, Caterpillar Inc., Zenith Hydromatic, Spareage Hydro, and Kangaroo Hydraulics Private Limited. Product innovation is a key trand gaining popularity in the hydraulic cylinder market. Many companies operating in the hydraulic cylinder market are looking for the new innovative products to strengthen their position in the market. For instance, in October 2021, Oerlikon HRS flow, an India-based company that designs and manufactures hot runner systems for all industries in plastic injection molding, presented a further development of the HRS cool hydraulic cylinder system for hot runner injection moulding. The advanced features include its sophisticated temperature management, does not require active liquid cooling of the actuation unit. In December 2021, Wheels India Ltd (WIL), an Indian auto component manufacturer company merged with Sundaram Hydraulics Ltd for an undisclosed amount. The merger will aid in attaining consolidation, greater integration, and flexibility, which will increase total shareholder value and strengthen the combined entity's competitive position and bargaining leverage. Sundaram is an Indian hydraulic cylinder manufacturer. Asia-Pacific was the largest region in the hydraulic cylinder market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic cylinder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydraulic cylinder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydraulic cylinders market consists of sales of tie-rod cylinders, welded rod cylinders, telescopic cylinders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydraulic cylinder market research report is one of a series of new reports from The Business Research Company that provides hydraulic cylinder market statistics, including hydraulic cylinder industry global market size, regional shares, competitors with a hydraulic cylinder market share, detailed hydraulic cylinder market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic cylinder industry. This hydraulic cylinder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.