Machinery Industry - Market Research Report

  The global cruise market size is expected to reach USD 18.30 billion by 2030, registering a CAGR of 11.5% during the forecast period, according to a new report by Grand View Research, Inc.The market growth is substantially driven by the rising popularity of the theme cruises that attract various consumer groups. The kids-related theme, yoga theme, mystery theme, and adventure theme are likely to offer extra fun with destination traveling, rather than traditional cruises. According to the Cruise Lines International Association, gen z is likely to become the largest consumer of the cruise industry outpacing millennials. This generation seeks out unique and authentic experiences and seeks out travel more enthusiastically, which is expected to drive the enlargement of the cruises market. The market growth is restrained by the limited companies playing in the market and rising concerns over environmental pollution of the ocean bodies, destroying marine wildlife. The COVID-19 pandemic ...

  The global centrifugal pump market size is expected to reach USD 50.54 billion by 2030, expanding at 4.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins. Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period. In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for cl...

The global variable speed generator market size was estimated at USD 6.65 billion in 2023 and is expected to expand at a CAGR of 8.7% from 2024 to 2030. Increasing energy demands and a growing reliance on imported fossil fuels have driven advancements in the market. This cutting-edge technology is tailored for prime movers with highly variable power requirements. These advanced generators offer a reliable and efficient energy solution by maintaining constant frequency and voltage. This innovation is particularly advantageous for industries with unpredictable and rapidly changing energy needs. The ability to seamlessly adapt to fluctuating power demands ensures operational efficiency and cost savings. The market is witnessing significant technological advancements. Innovations in power electronics and digital control systems are driving the development of more efficient and adaptable generators. Modern variable speed generators can now seamlessly adjust to fluctuating power demands whil...