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Growing Construction Sector to Boost India CAD Software Market Advance Factors such as the increasing application of computer-aided design (CAD) software in the construction industry, escalating need for the rapid production of goods, growing focus on smart manufacturing, and escalating demand for accurate and improved designs will drive the Indian CAD software market at a CAGR of 8.2% during the forecast period (2020–2025). At this rate, the market size will advance from $445.6 million in 2019 to $696.9 million by 2025. One of the prime factors behind the Indian CAD software market growth is the widescale adoption of CAD software in the construction sector. The construction industry uses CAD software to spot flaws in designs, facilitate precise designs and accurate measurements, and conduct an improved analysis of the designs. Moreover, growth drivers such as the rising initiatives by the government to enhance the infrastructure and increasing foreign direct investment (FDI) will fuel the demand for CAD software in India. Another key factor accelerating the Indian CAD software market growth is the surging number of initiatives by state governments for the development of infrastructure. These initiatives have resulted in huge investments in sectors such as construction, aerospace, healthcare, and automobile and increased the demand for high-quality, customized industrial products. Due to these reasons, various Indian states are focusing on industrial policies, thereby boosting the demand for CAD software in the country. The categories under the industry segment of the Indian CAD software market are architecture, engineering, construction, and manufacturing. During the forecast period, the architecture category will display the fastest growth due to the surging number of architectural projects in India, especially for residential properties. CAD software is utilized in the architecture industry to make designs that are used by teams of engineers to construct the models on site. Moreover, the increasing number of construction plans by government and private companies will boost the demand for architecture, engineering, and construction (AEC) services. At present, the Indian CAD software market is observing a shift toward subscription-based CAD software from the perpetual licensing model. Due to the high cost of the traditional CAD software licensing model, small and medium enterprises (SMEs) find it difficult to integrate it into their operations, on account of their low information technology (IT) budget. To deal with this issue, market players are focusing on providing subscription-based CAD software. By offering these subscription-based models, market players are also targeting start-up companies. During the forecast period, the state of Maharashtra is expected to demonstrate the fastest growth in the market. This can be attributed to the high GDP of Maharashtra and the dominance of this state on the nation’s manufacturing, finance, international trade, and technology sectors. Further, Nashik is expected to grow the fastest due to the improving infrastructure sector in the city, existence of numerous construction and engineering companies, and rapid adoption of innovative technologies by industries and their focus on novel electrical parts and equipment designing, for higher production. Thus, the spurring demand from the construction sector, increasing availability of subscription-based CAD software, and escalating support from the central and state governments will augment the demand for CAD solutions in the future. Read More: https://www.psmarketresearch.com/market-analysis/india-cad-software-market

North America Dominated the Industrial Filtration Market The size of the industrial filtration market will power at a compound annual growth rate of 7.5% during 2022-2030, to touch a value of USD 55,673.2 million by 2030. This growth of the industry is due to advancements in filtration technologies, surging need for safe working environment at industrial sites, strict government regulations regarding emission control and growing requirement for equipment dependability and lifespan extension. Further, the continuous development of new products for industrial filtration and the growing food & beverage, metal & mining, and automotive industries are driving the expansion of the industry. Several industrial air filtering laws have been implemented as a result of the increase in industrial facilities. For instance, a federal law in the U.S., named The Clean Air Act, aims to reduce air pollution on a massive scale. The non-woven fabric category reported the largest revenue share of around 35%, it is further projected to maintain its dominance during 2022– 2030. This is because non-woven fabrics are chosen by the pharmaceutical industry due to their low weight, reusability, durability, water resistance, and fire resistance. Further, they are widely used in the mineral processing industry owing to their intricate fiber arrangements, quick and inexpensive manufacturing and many design options provide by the adaptability of the structure. The chemicals & petrochemicals category accounted for the largest revenue share. This is due to the manufacturing processes employed in this sector yield a variety of pollutants, which react with the equipment. Further, these chemical contaminants are a risk to the environment and employees, as well as carrying the possibility of cross contamination with other materials, reducing the quality of the product. The digitalization of filtration equipment is a good growth opportunity as it continuously observes industrial filters. Sensors are installed in these filters which continuously maps the cleaners’ load status and afterwards give service-related data to the plant operator. This helps in preventing machine downtime. The liquid category accounted for the larger revenue share, over 60%. This is due to the strict environmental laws that prohibit pollutants from getting into water sources. The high cost of wastewater treatment facilities and the rising demand for clean water are the main factors fuelling the category growth. The filter press category will witness the fastest growth during the forecast period, with a CAGR of over 7%. This will be due to the fact that filter presses are broadly used in the food & beverage, metals & mining, pharmaceuticals, power generation, and industrial manufacturing sectors to collect undesired solid particles. North America accounted for the largest revenue share, of 45% in the industrial filtration market. This is owing to the rising environmental concerns, surging need for workplace safety in the industrial sector, government mandates to control emissions, and increasing R&D activities to provide cost-efficient solutions to owners of industrial facilities. Overall, with new technologies in filters, surging need for safe working environments and governments regulations, market for industrial filters will witness robust growth in near future. Read More: https://www.psmarketresearch.com/market-analysis/industrial-filtration-market