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High strength steel is used to manufacture construction and earth moving equipment, quarrying equipment, and fork lift trucks. Various grades of high strength steel are used in truck beds, hoppers, buckets, chutes, crushers, and conveyor troughs. Other applications of high strength steel include use in trash truck bottoms, concrete mixer drums, bucket lips, dump trailers, and street sweepers.

According to the new market research report "Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End-User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023", MarketsandMarkets: The gas-insulated substation market is projected to reach USD 29.5 billion by 2023 from USD 18.9 billion in 2018, at a CAGR of 9.2%. Browse 65 market data Tables and 33 Figures spread through 132 Pages and in-depth TOC on "Gas-Insulated Substation Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222051400 The gas-insulated substation market is expected to register a CAGR of 9.3% from 2018 to 2023. The growth in this market is supported mainly by the growing renewable power generation, the increasing investments in the transmission & distribution infrastructure, the rising energy demand, and limitations of space availability in densely populated urban areas, and increasing government initiatives for improving the electricity access. The high voltage segment will continue to dominate the gas-insulated substation market, by voltage type, during the forecast period The gas-insulated substation market is segmented, by voltage type, into medium, high, and extra high. The high voltage segment held the largest market share in 2018. This can be attributed to its reliability and protection for the grid infrastructure. High voltage gas-insulated substations are used widely for critical switchyard of large power generation plants. A majority of the gas-insulated substations connected to the high voltage transmission grid are of indoor types. The high voltage segment is also driven by the refurbishment of old power transmission infrastructure in the developed countries of Europe and North America.

the AC Power Sources Market is expected to grow from an estimated USD 1.0 billion in 2019 to USD 1.1 billion by 2024, at a CAGR of 2.4%, during the forecast period. The growth of the AC Power Sources Market can be attributed to the increasing manufacturing of equipment used in renewable power generation, avionics and electric vehicles, implementation of smart cities, and growing focus on energy-efficient business operations.

The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period. This growth can be attributed to factors such as increasing oil & gas drilling activities in the world and need for advanced techniques for faster drilling in less downtime. Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33536072 The matrix body segment is estimated to hold the largest share of PDC drill bits market, by type, during the forecast period The matrix body segment held the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The large market share of this segment can be attributed to the rising demand for faster drilling with less wear and tear of drill bits in medium-hard and hard formations. The 6-10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017 The 6-10 blade segment was estimated to be the largest segment of the PDC drill bits market, by number of blades, in 2017. The 6-10 blades of PDC drill bits are mainly used for higher Rate of Penetration (ROP) drilling in medium-hard formations. Countries such as the US, China, Saudi Arabia, and Oman are showing rapid growth in the 6-10 blades PDC drill bits segment because of the recent increase in shale gas production and oil drilling.

The global floating production storage & offloading market is projected to reach USD 26.0 billion by 2024 from an estimated USD 19.5 billion in 2019, recording a CAGR of 5.9% during the forecast period. The increasing number of offshore exploration & production activities and rise in deep- and ultra-deepwater oil & gas production are factors projected to drive the growth of the floating production storage and offloading market, globally.

The turbine control system market is expected to grow from an estimated USD 15.13 Billion in 2018 to USD 19.00 Billion by 2023, registering a CAGR of 4.66% during the forecast period. This growth is primarily due to the increasing emphasis on growth of wind power generation, and increase in operational productivity of the turbines, in turn improving the efficiency of the power plant. Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154007695 Speed control segment is expected to hold the largest share of the turbine control system market, by function during the forecast period The speed control segment led the turbine control system market in 2017 and is projected to dominate the market during the forecast period. Speed control segment comprises of speed limiting and acceleration functions. Speed control is generally preferred in gas turbines, wind turbines, and steam turbines. Turbines require precise speed control to provide high-quality control accuracy and improved machinery protection. The rise in the adoption of wind generation across the world is one of the major drivers of speed control segment. Software segment is expected to be the fastest-growing segment of the turbine control system market Software is expected to hold the largest market share during the forecast period from 2018 to 2023. Software segment includes IT applications such as advanced process control systems, digital synchronization, process optimization and process safety solutions, and remote view software program among others. It provides a common platform for devices to connect and operate. North America is expected to be the fastest growing region for software segment during the forecast period.

The wire and cable management market is expected to grow from an estimated USD 16.91 Billion in 2018 to USD 25.26 Billion by 2023, at a CAGR of 8.36%, during the forecast period. The market is set to witness growth due to the rising demand from data center and IT facilities and the growing construction sector. Browse 75 Tables and 39 Figures spread through 135 Pages and in-depth TOC on "Wire and Cable Management Market - Global Trends and Forecasts to 2023" Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69412008 Power cable segment is expected to be the largest wire and cable management market, by cable type, in 2018. The power cable segment is expected to be the largest segment of the wire and cable management market, by cable type, in 2018. Power cables are widely used in the power distribution sector to distribute power, and can be installed overhead as well as underground in the industrial, commercial, and residential sectors. High demand for electrification of homes, increased investment in power distribution, and growth in the household sector in developing countries are the key drivers for the growth of the power cable wire and cable management market. Conduits & trunking segment is expected to be the second largest wire and cable management market, by product, during the forecast period. Conduits & trunking are used to protect cables from damage and can be used in almost any location including homes, commercial spaces, and industrial sectors. Rising urban population and need for advanced infrastructure in regions such as Asia Pacific and the Middle East are thrusting the deployment of conduits & trunking system.

The Europe variable frequency drives market is projected to grow from an estimated USD 5.2 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 4.13% during the forecast period. The growth of this market is driven by the increasing investments in the energy and construction industries" Browse 65 market data Tables and 33 Figures spread through 116 Pages and in-depth TOC on "Europe VFDs Market - Global Forecast to 2024" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=220609858 The pump segment, by application, is expected to be the fastest growing market during the forecast period The pump segment is the largest market at a CAGR of 4.61% from 2019 to 2024. The increasing pump exports and its use in various industries are likely to drive the pump segment of the Europe Variable frequency drives market. The 0.5-20 kW segment, by power rating, is expected to be the largest market from 2019 to 2024 The 0.5-20 kW segment is expected to reach USD 755.3 million by 2019, at a CAGR of 4.90% from 2019 to 2024. The high energy savings at a low capital cost increases the demand for the 0.5-20 kW segment. The 20-50 kW segment is the second largest segment. It is expected to reach USD 1,346.8 million by 2019, at a CAGR of 4.28% from 2019 to 2024.

the global Electric Fuse Market is projected to reach USD 4.3 billion by 2023 from an estimated USD 3.5 billion in 2018, at a CAGR of 4.24%. This growth can be attributed to growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in construction sector. Don't miss out on business opportunities in Electric Fuse Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=35385419 The medium voltage segment is expected to hold the largest share of the Electric Fuse Market, by voltage, during the forecast period. The medium voltage segment is estimated to dominate the Electric Fuse Market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and for back up for protection from default current.

The global field-erected cooling tower market was estimated to be USD 1.78 Billion in 2017 and is expected to grow at a CAGR of 3.78%, during the forecast period. The market is set to grow due to the increasing demand from developing markets of Asia Pacific and the growing industrial activities, globally. The wet field-erected tower segment is expected to hold the largest share of the field-erected cooling tower market, by type, during the forecast period. The field-erected cooling tower market has been segmented, by type, into wet, dry, and hybrid. The wet field-erected cooling tower segment held the major market share, whereas the dry type segment is projected to witness the highest growth rate during the forecast period. This growth is due to water consumption efficiencies associated with dry type field-erected cooling towers. More industries are accepting this kind of design to align with environmental regulations within their respective countries.

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The global water desalination equipment market is projected to reach USD 11.2 billion by 2026. The water desalination equipment market size is expected to grow from an estimated USD 7.1 billion in 2021 to USD 11.2 billion by 2026, at a CAGR of 9.5%.

The submersible pumps market size will grow to USD 15.5 billion by 2025 (forecast year) from USD 11.2 billion in 2020 (estimated year), at a CAGR of 6.7% during the forecast period. High demand for submersible pumps in the agricultural sector and increasing investments in the construction industry attributing to rapid urbanization are the key factors driving the growth of the submersible pumps market. Likewise, the up-gradation of aging and construction of new water & wastewater treatment facilities and adoption of solar-powered submersible pumps are expected to offer lucrative opportunities for the submersible pumps market during the forecast period.

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