Manufacturing and Construction Market World

  The global   artificial intelligence in construction market   was valued at approximately USD 2.93 billion in 2023 and is anticipated to reach USD 16.96 billion by 2030, growing at a CAGR of 26.9% from 2024 to 2030. This growth is fueled by the various advantages AI offers in the construction sector, including the prevention of cost overruns by forecasting budgets based on historical data and aiding in the development of predictive models aligned with project timelines. This efficiency renders mega-construction projects more cost-effective. Artificial intelligence (AI) also improves 3D model-based processes, lightening the workload for engineers, construction professionals, and architects. Additionally, it enhances project planning through robots that conduct 3D scans of construction sites, providing data that helps management tackle on-site issues. Another significant driver of this market is the enhanced risk control on job sites, which assures contractors and subcont...

  The global construction equipment rental market size is expected to reach   USD 280.13 billion by 2030 , registering a CAGR of 6.12% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing government spending on infrastructure projects and rising Foreign Direct Investment (FDI) in the building sector for skyscrapers, motorways, bridges, and smart cities is driving the growth. The market for renting construction equipment is expanding as a result of ongoing technological advancements that result in modern construction tools that focus on projects and streamline the entire construction process. Small and medium-sized construction enterprises and contractors are encouraged to use rental construction equipment due to the higher total cost of ownership of modern construction equipment and machines. Additionally, construction equipment leasing offers a cost-effective substitute for purchasing for construction companies since it lowers the costs of owne...

  Data Center Cooling Industry Overview The global data center cooling market size was estimated at USD 18.65 billion in 2023 and is expected to grow at a compounded annual growth rate (CAGR) of 16.8% from 2024 to 2030. The increasing demand for energy-efficient data centers is anticipated to create lucrative growth opportunities for the market. Several key companies are preparing for the expansions. Moreover, the favorable growth prospects can be attributed to the rapid increase in data generation and the subsequent rise in the demand for data centers across the globe. Data centers consume a large amount of power, which generates a massive amount of heat, which creates the need for efficient cooling equipment. Gather more insights about the market drivers, restrains and growth of the  Data Center Cooling Market Furthermore, the growing popularity of OTT platforms and streaming services has led to a remarkable increase in data volumes; which is projected to fuel the demand. Th...

  Outdoor Power Equipment Industry Overview The global outdoor power equipment market size was USD 46.53 billion in 2021 and is expected to reach USD 76.61 billion by 2030, expanding at a CAGR of 5.9% from 2022 to 2030. The market growth can be credited to increasing demand for cordless outdoor power equipment as people are inclining more toward greater flexibility and portability. Gather more insights about the market drivers, restrains and growth of the  Outdoor Power Equipment Market Furthermore, the technological advancements of several companies in outdoor power equipment are also expected to drive market growth. For instance, in February 2020, Robert Bosch GmbH launched Indego M 700 and Indego M+ 700, two autonomous lawn mowers. These two connected lawn mowers feature 18 V lithium batteries with brushless DC motors that can cut of medium size gardens up to 700 square meters on a single charge. The increasing urbanization, disposable income, and infrastructure activities ...

  Structural Insulated Panels Industry Overview The global structural insulated panels market size was valued at USD 11.17 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. Favorable green building standards and regulations for the adoption of building insulation materials for lowering the overall energy consumption coupled with the growing investments in the development of cold chain infrastructure across the world are the key factors that are expected to drive the market. Structural insulated panels (SIPs) are expected to gain wide acceptance globally as they are lightweight, have a better external appearance, and can improve the thermal performance of buildings. In the U.S., as per the Federal Energy Policy Act 2005, a tax credit of up to USD 2,000 is provided for builders of new energy-efficient homes that are constructed as per the standards of Federal Manufactured Homes Construction and Safety Standards. Gather more ins...

  U.S. Resilient Flooring Industry Overview   The U.S. resilient flooring market size was valued at USD 21.04 billion in 2019 and is expected to grow at a compounded annual growth rate (CAGR) of 6.4% from 2020 to 2027. Rising awareness regarding insulation, owing to increasing energy costs and growing importance for energy conservation is expected to drive the market growth.   The surging demand for flooring in the construction industry and the demand for insulation are expected to boost industry growth. The increased availability of innovative construction solutions with attributes, such as low maintenance and high durability, is anticipated to impact the market favorably.   Gather more insights about the market drivers, restrains and growth of the  U.S. Resilient Flooring Market   The U.S. accounts for highest consumption in terms of volume. This can be attributed to the high penetration of the product in the residential sector, with an increasing number ...