Procurement Intelligence Study Report

Merchandising Units Category Overview The merchandising units category is expected to grow at a CAGR of 4.6% from 2023 to 2030. Key factors that drive the growth of the category include growing demand for effective and appealing product displays, greater focus on retail aesthetics and visual merchandising, organized retail's growth, the necessity of space optimization, expanding consumer desire for experiential retail, and increasing competition between merchants. The rising popularity of internet shopping offers retailers the chance to merge the worlds of online and offline retail. Retailers may give customers a visual depiction of their products, make shopping easy, and increase sales by integrating merchandising units into e-commerce systems. In addition, rising emphasis on environment-consciousness and sustainability offers an opportunity for the development of eco-friendly industry products. Advancements in digital technologies such as VR (virtual reality), AR (augmented rea...

Industrial Centrifuge Category Overview The industrial centrifuge category is expected to grow at a CAGR of 4.43% from 2023 to 2030. The growing demand for centrifuges from the process industries such as chemical, food, metal, mining, pharmaceutical, and biotechnology is expected to drive the category growth. Throughout the forecast period, a growing improvement in the wastewater management industry and technological advancements are expected to have positive effects on the category.   The North American region accounts for the largest category share. The high demand for crude oil, the massive amount of shale oil and gas drilling operations, a thriving food processing industry, technological advancements, government support to manage wastewater and initiatives to create novel centrifugation systems are all the factors that have contributed to the success of this region. Order your copy of the Industrial Centrifuge Procurement Intelligence Report, 2023 - 2030 , published by...

Jet Fuel Category Overview The jet fuel category is anticipated to grow at a CAGR of 8.4% from 2023 to 2030. The category is mainly driven by the rising focus on clean jet oil and the growing demand for air transportation services. Additionally, factors such as tightened supplies of crude oil (the U.S. stockpiles, and rising production cuts by OPEC countries) impacted the crude oil prices which is the raw material of jet fuel. Environmentally friendly aviation fuels of superior quality play a crucial role in minimizing CO2 emissions. Sustainable jet fuels exhibit emission levels in transportation, combustion, production, and distribution that are about 75% lower than those associated with fossil jet fuel. Sustainable aviation fuel (SAF) produced from municipal solid waste, woody biomass, and other feedstocks can significantly contribute to low CO2 emissions. Adoption of renewable oil results in a significant reduction, up to 90%, in hazardous particle emissions and a complete eliminat...

Fleet Management Procurement Intelligence The fleet management category is anticipated to witness growth at a CAGR of 16.4% from 2023 to 2030. In 2022, North America accounted for 39% of the market share followed by Asia-Pacific and Europe. North America currently holds a dominant position in the global industry with the U.S. being a dominant nation in the region as it is home to several enormous market participants. Industry players support businesses working in different sectors by streamlining their fleet operations to reduce their operating expenses and offer various services such as fuel management, driver management & performance monitoring, vehicle maintenance, vehicle purchase/lease, funding, offering consultation, etc. Technologies such as advanced driver assistance system (ADAS), electronic logging device (ELD) compliance system, artificial intelligence (AI), Internet of Things (IoT), machine learning (ML), and global positioning system (GPS) are playing a vital role in...

Industrial Pumps Category Overview The industrial pumps category is expected to grow at a CAGR of 4.9% from 2023 to 2030. The industry is being driven significantly by the increased adoption of these pumps in the oil & gas (largest consumer), pharmaceutical, medical, chemical, and petrochemical sectors. The developed nations, particularly those in the European Union and the United States, have a largely saturated food & beverage processing industry, however, the category is witnessing increased demand for industrial pumps in developing nations such as India, Brazil, etc. as the food & beverage processing sector in these nations are being flourished due to increased demand for food. The industry is witnessing higher adoption of digitization for better water management, timely problem identification, real-time data collection, and remote monitoring. IoT (internet of things) is one such solution that offers a machine-human interface, enabling better monitoring of pump operat...