Industry Experts - Market Research Reports, Industry Analysis, Custom Research

The new report from Industry Experts Inc, on " Food Service Equipment ", estimates the global market for food service equipment at US$43.4 billion in 2024. The demand is further projected to grow by a CAGR of 5.6% during the period 2024-2030 and reach US$60.3 billion by 2030. Some of the key factors driving the market for food service equipment include rapid urbanization, change in food consumption patterns, expanding hospitality sector, growing demand for advanced machinery and integration of automated & smart technologies into equipment. Manufacturers of equipment now offer products based on AI and IoT technology that provide real-time data. This equipment provides remote maintenance and self-diagnosis features for interconnectivity and smart operations. The number of food delivery services and the proliferation of cloud kitchens are also contributing to overall demand for food service equipment. Full Service Restaurants (FSRs) are anticipated to be the lar...

The new report from Industry Experts Inc, on " Desalination Technologies " , reveals that the global market for desalination technologies market is expected to maintain a CAGR of about 9.3% during the 2024-2030 analysis period and reach a projected US$32.1 billion by 2030 from an estimated US$18.8 billion in 2024. Globally, the demand for desalination technologies has been maintaining a fast pace and would continue to do so, the major reasons for which include decrease in freshwater resources, unchecked population growth & rapid industrialization, reduction of carbon footprint by the use of hybrid desalination, artificial intelligence (AI) & internet of things (IoT) further enhancing desalination operations, technological developments, use of renewable energy for desalination gaining prominence due to ecological concerns, co-generation practices decreasing costs of desalination and wider use of nanotechnology. Middle East & Africa forms the larges...