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With the global economic development, the demand of the consumer market has driven the vigorous growth of the textile industry. However, under the business model of production-based sales, excessive production has not only caused environmental pollution but has also caused unnecessary waste of resources. Over the past few years, this has led the United Nations and the European Union, to begin to advocate "sustainability" and "environmental protection" as the focus of global development for the next 10 years.
In recent years, the domestic and foreign medical and aerospace industries have developed vigorously, and the demands for related precision components have increased. Domestic and foreign manufacturers have invested in five-axis machining to improve manufacturing precision and provide high-stability and high-quality processed parts.
A bearing is an important part of contemporary mechanical equipment. Its main function is to support the mechanical rotating body, reduce the friction coefficient during its movement, and ensure its rotation accuracy. Therefore, its application range is very wide and the market demand is strong. The Asian region represented by China and Japan has accounted for more than half of the global bearing consumption and has become the world's largest bearing consumer market, followed closely by Europe and North America, with 25% and 20% respectively.
The global industrial valve market will reach 85.6 billion U.S. dollars in 2022. From the perspective of product technology leadership, European countries, especially Germany, and the United States, are the main leaders, followed by Taiwan, Japan, South Korea, China and India.
Industrial automation has been a common trend in global industrial development. With the rapid development of technology and the complexity of product manufacturing, how to optimize the production efficiency of a factory through intelligent management and corresponding equipment supporting to achieve an intelligent factory and flexible manufacturing production is the latest direction in the development of the automation industry.
Zero Liquid Discharge (ZLD) technology is to pretreat and evaporate industrial wastewater, collect the condensed water distilled from the zero liquid discharge system for water recycling applications, and send unevaporated solids to landfills or use them as valuable salt. Class by-products are reused. In 2018, the global ZLD market demand was approximately 5,442 million U.S. dollars, with the largest industrial application being the energy and power industries, followed by the petrochemical and chemical industries.
In recent years, the world has been affected by extreme climates, and the supply of water services has begun to face major changes and tests, causing the world to face more serious water shortage problems. The fierce competition for water resources comes from the fact that the earth will face a 40% water shortage from 2030.
In response to the COVID-19 epidemic, various countries have issued a series of bans, city closures and traffic restrictions, driving the demand for housing, working at home, online shopping, and home entertainment. This in turn has driven the demand for 3C products such as information and communications products. Among these, display panels have shown one of the greatest increases in demand, and the global display screen equipment market grew by 19% in 2020, reaching USD 13.52 billion.
The four major markets of "consumer", "5G telecommunication network", "enterprise network" and "data center" will drive the growth of the global communications market in 2021.
The size of the consumer electronics market was worth US$1 trillion in 2019 and is expected to grow at a compound annual growth rate of more than 7% between 2020 and 2026. Industry participants continue to invest in the research and development of new consumer electronics products, including smartphones, smart wearable devices, and home appliances, which will drive market growth.
In 2018, the global audio and video equipment market was valued at approximately US$160.4 billion. It has declined at a compound annual growth rate (CAGR) of -1.86% since 2014. It is expected to decline slightly at a compound annual growth rate (CAGR) of -0.05% until 2022 of US$160.1 billion.
The printing industry is very complex. It not only has many internal sub-industries but also involves many upstream and downstream related industries. It can be said that it is a huge industry system. The printing industry has a long history of development. Starting from the invention of printing in ancient China, printing technology has continued to innovate, forming a large industry, which we are almost engaged every day. Digital printing, 3D printing, other new emerging printing technologies will overturn and play new roles in printing industry markets.
Through national key projects, the Taiwanese government announced that it plans to invest more than one trillion yuan in transportation technology to stimulate the development of convenient transportation and boost the Taiwan economy.
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