LED Light Engine Market size Surge at a Robust Pace in Terms of Revenue over 2026 LED Light Engine Market size Surge at a Robust Pace in Terms of Revenue over 2026
BriefingWire.com, 4/12/2021 - According to Stratistics MRC, the Global LED Light Engine Market is accounted for $21.88 billion in 2017 and is expected to reach $84.53 billion by 2026 growing at a CAGR of 16.2% during the forecast period. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and high penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market. However, development of alternative technologies and lack of awareness regarding installation costs and payback periods are hindering the growth of LED light engine market across the globe.
Sprinkler Irrigation Systems Market is set size garner staggering revenues size 2026 Sprinkler Irrigation Systems Market is set size garner staggering revenues size 2026
BriefingWire.com, 4/12/2021 - According to Stratistics MRC, the Global Sprinkler Irrigation Systems Market is accounted for $2.22 billion in 2017 and is expected to reach $2.77 billion by 2026 growing at a CAGR of 2.5% during the forecast period. Increasing concerns of water scarcity and growing demand for better yield & quality of crops, availability of equipment for spraying fertilizers & chemicals using sprinklers, reduction in labor costs and ease of operation are some of the factors fuelling the market growth. However, high instalment costs coupled with lack of social awareness and concerns to save natural resources are restricting the market growth.
Machine Automation Controller Market expected size Witness a Sustainable Growth over 2026 Machine Automation Controller Market expected size Witness a Sustainable Growth over 2026
BriefingWire.com, 4/12/2021 - ccording to Stratistics MRC, the Global Machine Automation Controller Market is accounted for $29.19 billion in 2017 and is expected to reach $47.10 billion by 2026 growing at a CAGR of 4.9% during the forecast period. The increasing focus on reducing the overall operational costs, the need to drive productivity in manufacturing industries, and the growing use of robots & robotics in the manufacturing sector is some of the factors fuelling the market growth. However, high initial capital investment for SMEs and difficulty in finding system failure results in increasing the downtime, which in turn is expected to restrain the growth of the market.
Extruded Plastics Market size Register a Growth size 2026-end
BriefingWire.com, 4/12/2021 - According to Stratistics MRC, the Global Extruded Plastics Market is accounted for $194.15 billion in 2017 and is expected to reach $325.23 million by 2026 growing at a CAGR of 5.9% during the forecast period. Growth in end-use industries, increase in usage of plastics in agriculture are some of the factors fuelling the market growth. However, the production, use and disposal of extruded plastics, particularly PVC, Increasing government regulations and norms regarding use and disposal of plastics, in interest of protecting environment are restricting the market growth.
Plastics are the most widely used materials in the world. Rapid development in the plastic industry have made plastics capable of withstanding high pressure, and temperature situations, which makes it a material of choice for a variety of industrial applications. Extrusion is a technology us