Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Piling Machine Market Overview, Analysis, Drivers and Market Opportunities

A piling rig is a foundation engineering construction machine used for piling. It's commonly used for cast-in-place piles, foundation reinforcement, diaphragm walls, and other foundation projects in sandy soil, silty clay, clay, and other types of soil. Piling machines are used in the construction and oil and gas industries. Hydraulic press-in, diesel hammer, piling rig, hydraulic hammer, vertical travel lead systems, and vibratory pile driver are all examples of piling machines.

Market Dynamics- Drivers

Because of the high pace of urbanisation and rising need for rail, roads, and buildings, the global construction industry is seeing significant expansion. As a result, governments around the world are concentrating their efforts on improving transportation infrastructure. In July 2016, the Indian government announced a slew of initiatives, including the creation of 24 smart cities, two ports, 23 industrial hubs, and a 1500-kilometer, six-lane express highway. During the projected period, such projects are expected to propel the global piling machine market forward.


Piling Machine Market
Pilling Machine Market


Over the forecast period, rising demand for unconventional energy sources such as wind and solar energy for power generation, supported by regulatory support in China, India, and Japan, is likely to boost foundation work and, as a result, fuel demand for piling machines. For example, China, the world's largest energy consumer, wants to add 100 GW of solar and 200 GW of wind by 2020. With 19.81 gigawatts (GW) and 10.60 GW, respectively, China led the globe in new wind and solar installations. As a result of these reasons, the worldwide piling market is predicted to grow rapidly in the near future.

Market Opportunities

To improve their market position, key corporations are focusing on research and development operations. BSP International, for example, introduced DX hydraulic hammers in 2015 that can drive tiny bearing piles and sheet piles singly or in pairs. A hydraulic rig or an excavator base can be used to drive this hammer directly. In June 2016, Soilmec S.p.A. also released two improved rig versions, the SR-45 and SR-75, that may be used in a variety of soil conditions.

Foundation equipment manufacturers are also creating technology that can locate foundations using GPS or other land positioning systems. Different types of sensors are also employed on the crane masts of foundation rigs that are used to position foundation pieces. As a result of technical developments, a rig or crane can position the foundation to specific coordinates, lowering the survey cost.


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