The global automotive industry is experiencing a period of high profitability and strong growth, with annual sales reaching the pre-recession peak. This is mainly due to the rise in globalization and urbanization that have improved the living standard of people, which, in turn, is increasing their purchasing capacity. The global automobile market is at present dominated by the US, but market projections predict that the market will see a shift toward China, with the Chinese automobile market expected to grow at the rate of 12.6%. On the other hand, the US automobile market is projected to grow at a rate of 6.1% during the forecast period.The forecast period is likely to be a real game changer for the software associated with waterjet cutting machines. Though the software is used in the main cutting models, the trend is now shifting toward machine intelligence. For instance, OMAX has developed a new software Intelli-CAM that helps to generate 2D and 3D paths of the tools. This helps to create the tool path and attributes of 3D cutting before it is fed to the waterjet cutting machine.

5-axis Computerized Numerical Control (CNC) machining had already made a significant difference in the metal processing industry by reducing the cycle time,increasing efficiency, and decreasing the wastage of material. With an everincreasing demand from end-user industries, the 6-axis CNC machine has been introduced. This innovation is expected to redefine machining operations. Reduced CAPEX spending by manufacturers has compelled industries to scout for low-cost options. This trend has contributed to the easy reach of refurbished machines for consumers. In addition, the rising demand for these machines is attributed to their cost differential of 50%-75%. This, coupled with the highly fragmented industry scenario, has provided a threat to established players with a possibility of subdued sales. Low-cost manufacturing opportunities in APAC have compelled manufacturers across all industries to move their manufacturing bases to this region. Rising automotive production in Thailand and initiatives such as Make in India have made this region the focal point of global manufacturing. Therefore, Technavio expects this region to lead in the manufacturing market, and in turn, prove to be a major market for sheet metal equipment.

The rupture disc market is in its mature stage, leading to slow growth during the forecast period. Replacement demand from the developed regions such as Europe and North America coupled with new industrial and economic developments in emerging countries such as India and China will account for the majority of the demand during the forecast period.Rupture discs in combination with relief valves will account for major gains in the market share during the forecast period. Reduced process leakage, increased maintenance intervals, and extended valve life are the key advantages of using rupture discs with relief valves that result in cost benefits to end-users.

This report covers the present scenario and the growth prospects of the global rupture disc market for the period 2016-2020. The market size has been estimated by considering the demand for rupture discs from various end-user segments. The average price of various types of rupture discs has also been considered. Forecasting is based on the projected new and replacement demand for rupture discs worldwide

and the unit price estimations during the forecast period.

The water miscible oils dominated the global removal fluids market with a revenue share of 72.86%. This product type is estimated to grow at a CAGR of 4.36% as water miscible oils provide a wide range of performance capabilities to meet industrial requirements in machining operations. These find extensive use in the metal fabricated products and machinery segments.The transportation equipment segment contributed the highest market share of 36.04% in 2015. This application is expected to grow at a CAGR of 4.25%. The transportation equipment segment primarily depends on removal fluids for production as the most common types of operations like machining, stamping, and forging need removal fluids.APAC possessed a share of 45.12% of the global removal fluids market in 2015. It

is projected to grow at a CAGR of 4.39%. There is an enhanced awareness about the benefits of removal fluids use and their cost-effectiveness among the end-user industries. The rise in popularity of electrical-discharge machining and minimum quantity lubrication machining will provide prospects for the market growth in APAC.

The oil and gas industry is driving the industrial user segment of the global microturbine market. The segment holds the largest market share and is expected to retain its dominance during the forecast period. Stringent regulations imposed by governments across the world with regard to the adoption of microturbines are likely to drive their use in other industries in the long-term future. The use of flare

gas on rigs is another strong factor that is driving the use of microturbines in the oil and gas industry.The need to curb greenhouse gas (GHG) emissions has been a driving force for the adoption of microturbines. During COP21 summit in France in 2015, countries

committed to bring down the emissions over a period. Most of the countries will be looking for a cost-effective and easily available fuel in the market. The ability of microturbines to work with natural gas and biogas fits the criteria. As a result, the market is expected to grow rapidly during the forecast period.

The overall consumption of metalworking fluids is anticipated to grow at a CAGR of 3.15% in terms of volume during 2016-2020. This is attributable to the growth in the manufacturing sector during the forecast period. However, the market growth will be hampered because of the changes in manufacturing technology and longer lasting products. The off-shoring of production from the US has decelerated and may reverse.This factor is most likely to increase the consumption rates in North America and also dampen it in APAC.

The market is witnessing a trend wherein many large manufacturers,particularly of automotive components, are moving toward low-cost

manufacturing havens such as China, India, and Thailand. Government initiatives like the Make in India will provide the thrust to the manufacturing sector in India and thus, manufacturing in the overall APAC region. Thailand’s ascendancy as an automotive manufacturer and the emergence of Indonesia as another manufacturing hub in the region will drive growth in the metal cutting machine tools market; thus, APAC will emerge as the leading market for metal cutting machine tools.

Laundry dryers are primarily used for the removal of moisture from clothes or other textiles. Overall, laundry drying devices consist of finishing tunnels, drying racks, clotheslines, and cabinets used for outdoor or indoor drying.

Efficiency and power of an engine or motor dictate the overall functioning of the machine. The engine output is determined by the amount of air and fuel entering the internal combustion engine under high pressure. A turbocharger is an example of a forced induction system as it supplies high pressurized exhaust gas to the engine, making more air available for combustion. This augments the functioning capacity of the engine up to four times and turbochargers usually contribute to nearly 75% of the engine’s power.

Diaphragm pumps are categorized as positive displacement pumps that are used mainly in industrial applications, which involve pumping and lifting of heavy fluids, such as sludge, slurry, or mud. Sludge is a semi-solid slurry that is produced following the treatment of wastewater treatment or as a settled suspension from numerous industrial process. Industrial wastewater, also termed as sludge, is generated from biological or physical processes. Sludge and slurry cause a lot of problems for any industry, especially when the process needs to be continuous and any downtime will interrupt the entire process.