The high demand for LNG vessels also puts pressure on operational reliability.

According to a new report by MarketsandMarkets, the global smart factory market is forecast to reach USD 104.42 billion by 2025 and USD 169.73 billion by 2030, at a CAGR of 10.2%.

As tidal power costs fall, it is expected to be cost-competitive with nuclear power by 2035.

Epiroc is building a new production and research and development facility in Nashik.

North America is expected to remain the largest regional market for refinery and petrochemical filtration throughout the forecast period.