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  • Progressing Cavity Pump Industry - Emerging Trends and Their Impact on Industry Growth

    The progressing cavity pump market is projected to witness steady growth with a compound annual growth rate (CAGR) of 5.0% throughout the forecast period, increasing from an estimated value of USD 2.8 billion in 2024 to reach USD 3.6 billion by 2029. The market for progressing cavity pumps is expanding steadily due to its effectiveness in processing viscous fluids, slurries, and delicate materials in various industries, including food processing, wastewater treatment, and oil and gas extraction. The need for these pumps is growing as a result of rising industrialization, stricter regulations, and technological improvements. These pumps are renowned for their dependable performance and capacity to handle difficult applications. Furthermore, innovation in the market is driving its global expansion by improving pump efficiency, durability, and adaptability to a range of operating circumstances.

    • Published: May 2024

  • Automotive Fuel Cell Market Size & Share - Future Growth Expectations

    The global automotive fuel cell market is projected to grow from 25 thousand units in 2022 to 724 thousand units by 2030, registering a CAGR of 52.4%. Fuel cell operated vehicles such as buses, LCVs, passenger cars, and trucks, were mapped as part of this research. Leading original equipment manufacturers (OEMs) have stepped up their investments in research and development for automotive fuel cells as a result of factors like rising demand for zero-emission vehicles and strong government support. The demand for fuel cell-powered vehicles will expand across practically all industries, which will be supported by the rising petroleum prices in the world. The efficiency of these fuel cell vehicles is probably going to increase as fuel cell technology develops. Fuel cell electric vehicle (FCEV) drivers will be able to easily refill their vehicles and travel great distances because to the rapid green hydrogen infrastructure that is being established in many nations.

    • Published: May 2024

  • Progressing Cavity Pump Market Size & Share - Future Growth Expectations

    The progressing cavity pump market is projected to witness steady growth with a compound annual growth rate (CAGR) of 5.0% throughout the forecast period, increasing from an estimated value of USD 2.8 billion in 2024 to reach USD 3.6 billion by 2029. The growing cavity pump market includes the need for pumps made to handle slurries, viscous fluids, and fragile materials in a variety of sectors on a worldwide scale. Technological developments, greater industrialization, and stricter regulations are some of the elements driving its rise. These pumps are essential in industries like oil and gas, wastewater treatment, and food processing because of their dependability, efficiency, and flexibility in demanding applications.

    • Published: May 2024

  • Electric Construction Equipment Industry - Forthcoming Trends to Fuel the Global Growth

    The electric construction equipment market is estimated to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030 at a CAGR of 23.6% over the forecast period. The growing stringency in emission regulations primarily drives the growth of this market, reduced ventilation costs in underground mining due to electric equipment, and the preference for the low noise construction machines in residential areas.

    • Published: May 2024

  • Electric Construction Equipment Market Size & Share - Future Growth Expectations

    The electric construction equipment market is estimated to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030 at a CAGR of 23.6% over the forecast period. The growing stringency in emission regulations primarily drives the growth of this market, reduced ventilation costs in underground mining due to electric equipment, and the preference for the low noise construction machines in residential areas.

    • Published: May 2024

  • Sensor Fusion Industry for Automotive - Forthcoming Trends to Fuel the Global Growth

    The global sensor fusion market for automotive is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%. The market has witnessed unprecedented growth in recent years, signaling a remarkable shift towards safer and more sustainable transportation solutions worldwide. Regulatory mandates for safety features, autonomous driving development, and consumer expectations for enhanced safety and comfort has been a driving force behind the growth of sensor fusion market for automotive. Market is further driven by rising demand for advanced ADAS features in vehicles such as adaptive cruise control, lane departure warning, and automatic emergency braking.

    • Published: May 2024

  • Remote Patient Monitoring Market Size & Share - Global Future Growth Expectations

    The global remote patient monitoring market is projected to reach USD 207.5 billion by 2028 from USD 71.9 billion in 2023, at a CAGR of 23.6% between 2023 and 2028. The aging population and the increasing need for healthcare access are driving the growth of the telehealth and remote patient monitoring (RPM) market. Telehealth and RPM offer cost benefits and can reduce the burden on medical resources. However, regulatory variations across regions may restrain market growth.

    • Published: May 2024

  • Sensor Fusion Market for Automotive Size & Share - Future Growth Expectations

    The global sensor fusion market for automotive is projected to grow from USD 0.3 billion in 2023 to USD 3.3 billion by 2030, registering a CAGR of 42.4%. The market has witnessed unprecedented growth in recent years, signaling a remarkable shift towards safer and more sustainable transportation solutions worldwide. Regulatory mandates for safety features, autonomous driving development, and consumer expectations for enhanced safety and comfort has been a driving force behind the growth of sensor fusion market for automotive. Market is further driven by rising demand for advanced ADAS features in vehicles such as adaptive cruise control, lane departure warning, and automatic emergency braking.

    • Published: May 2024

  • eFuse Industry - Forthcoming Trends and Their Impact on Industry Growth

    The eFuse market is projected to reach USD 881 million by 2035 from an estimated USD 703 million in 2030, at a CAGR of 4.6% during the forecast period. The eFuse industry encompasses manufacturers, suppliers, and developers involved in designing, producing, and distributing electronic fuse solutions to meet the demands of modern electronic systems. With the increasing complexity and miniaturization of electronic devices, the eFuse industry plays a significant role in ensuring the safety and reliability of these systems.

    • Published: May 2024

  • eFuse Market Size & Share - Global Future Growth Expectations

    The eFuse market is projected to reach USD 881 million by 2035 from an estimated USD 703 million in 2030, at a CAGR of 4.6% during the forecast period. The designers, producers, and developers of electronic fuse solutions that satisfy the requirements of contemporary electronic systems are together referred to as the eFuse industry. The eFuse sector is vital to maintaining the dependability and safety of these systems because of the growing complexity and downsizing of electronic devices.

    • Published: May 2024

  • Point of Care Diagnostics Industry - Forthcoming Market Trends

    The global point-of-care diagnostics market is expected to reach USD 77.8 billion by 2028 from an estimated USD 49.7 billion in 2023, at a CAGR of 9.4% from 2023 to 2028.

    • Published: May 2024

  • Point of Care Diagnostics Market Size & Share - Global Future Growth Expectations

    The global point-of-care diagnostics market is expected to reach USD 77.8 billion by 2028 from an estimated USD 49.7 billion in 2023, at a CAGR of 9.4% from 2023 to 2028.

    • Published: May 2024

  • Oil Immersed Power Transformer Industry - Emerging Trends to Fuel the Global Growth

    The global oil immersed power transformer market is expected to reach USD 28.3 billion by 2028 from an estimated USD 21.2 billion in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the rising electricity demand, ongoing infrastructure development, and industrialization worldwide.

    • Published: May 2024

  • Wireless Charging Industry - Forthcoming Trends to Fuel the Global Growth

    The wireless charging market is estimated to be worth USD 6.4 billion in 2024 and is projected to reach USD 16.0 billion by 2029 at a CAGR of 20.3% during the forecast period. The market growth for wireless charging is attributed to the increasing demand for wireless charging in electric vehicles, rising demand of smart and portable devices.

    • Published: May 2024

  • Oil Immersed Power Transformer Market Size & Share - Future Growth Expectations

    The global oil immersed power transformer market size is expected to reach USD 28.3 billion by 2028 from an estimated USD 21.2 billion in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the rising electricity demand, ongoing infrastructure development, and industrialization worldwide.

    • Published: May 2024

  • Wireless Charging Market Size & Share - Future Growth Expectations

    The wireless charging market is estimated to be worth USD 6.4 billion in 2024 and is projected to reach USD 16.0 billion by 2029 at a CAGR of 20.3% during the forecast period. The market growth for wireless charging is attributed to the increasing demand for wireless charging in electric vehicles, rising demand of smart and portable devices.

    • Published: May 2024

  • Hybrid Train Market Size & Share - Future Growth Expectations

    The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. The hybrid train market is witnessing a remarkable surge in demand, propelled by a combination of influential factors that are fundamentally reshaping the landscape of rail transportation. In a world marked by rapid urbanization and an escalating need for energy-efficient solutions, hybrid trains have emerged as a transformative force within the industry. This surge in demand is further reinforced by the unwavering commitment of governments and regulatory bodies to champion eco-friendly transportation alternatives, underscoring the critical importance of reducing carbon emissions. As urban areas continue to expand, and environmental concerns take center stage, hybrid trains are leading the charge toward a new era of cleaner, more efficient, and sustainable rail travel, expertly poised to meet the dynamic demands of the modern world.

    • Published: May 2024

  • Automotive Green Tires Industry - Forthcoming Trends to Fuel the Global Growth

    The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

    • Published: May 2024

  • Laminated Busbar Industry - Emerging Trends to Fuel the Global Growth

    The global laminated busbar market is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

    • Published: May 2024

  • Laminated Busbar Market Size & Share - Future Growth Expectations

    The global laminated busbar market size is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

    • Published: May 2024

  • Electric Powertrain Market Size & Share - Future Growth Expectations

    The electric powertrain market size is projected to reach USD 230.5 billion by 2030, from an estimated USD 96.7 billion in 2023, at a CAGR of 13.2%. The market is driven by factors such as an increased focus on the adoption of electric vehicles worldwide owing to the environmental benefits they offer and the strict government regulations that focus on reducing emissions emitted by conventional engines.

    • Published: May 2024

  • Battery Swapping Market Size & Share - Future Growth Expectations

    The battery swapping market is projected to grow from USD 1.7 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 46.9% during the forecast period. Battery swap systems come with integrated CAN (Controller Area Network) and IoT that make continuous tracking of batteries possible. BSOs (Battery swapping operators) utilize these tracking data to calculate current demand and distribute battery stock as efficiently as possible to their swap stations. The BSO can also record driver behavior and identify driving styles thanks to IoT patterns that affect the battery's rate of discharge. Additionally, this information can be used to create specialized subscription plans, insurance policies, and financial items about the vehicle.

    • Published: May 2024

  • EV Cables Industry - Forthcoming Trends to Fuel the Global Growth

    The global EV cables market is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as increasing focus of automakers to introduce fuel-efficient vehicles and stringent emissions norms would drive the growth of the market. The electric vehicle (EV) industry is experiencing remarkable growth, propelled by advancements in technology and the increasing demand for sustainable transportation solutions. As EVs gain popularity worldwide, the market for EV cables is witnessing a surge in demand. EV cables play a crucial role in charging infrastructure, ensuring efficient power transmission and reliable connectivity between charging stations and electric vehicles.

    • Published: May 2024

  • EV Cables Market Size & Share - Future Growth Expectations

    The global EV cables market is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as increasing focus of automakers to introduce fuel-efficient vehicles and stringent emissions norms would drive the growth of the market. The electric vehicle (EV) industry is experiencing remarkable growth, propelled by advancements in technology and the increasing demand for sustainable transportation solutions. As EVs gain popularity worldwide, the market for EV cables is witnessing a surge in demand. EV cables play a crucial role in charging infrastructure, ensuring efficient power transmission and reliable connectivity between charging stations and electric vehicles.

    • Published: May 2024

  • Brushless DC Motor Industry - Emerging Trends Impacting Global Growth

    The global brushless DC motor market is expected to reach USD 17.6 billion by 2028 from an estimated USD 12.1 billion in 2023, at a CAGR of 7.9% during the forecast period. The major factors driving the growth of this market include the rise of electric vehicles, drones, and robotics.

    • Published: May 2024

  • Shredder Blades Industry - Forthcoming Trends to Fuel the Global Growth

    The shredder blades market is projected to reach USD 557 million by 2028 from an estimated USD 431 million in 2023, at a CAGR of 5.3% during the forecast period. The need for recycling solutions, the expansion of the industrial sector, growing worries about waste management and environmental sustainability, and improvements in shredding technology all have an impact on the shredder blade market. Producers in this industry concentrate on creating premium blades that are effective, long-lasting, and fit for chopping through a variety of materials.

    • Published: May 2024

  • Brushless DC Motor Market Size & Share - Future Growth Expectations

    The global brushless DC motor market size is expected to reach USD 17.6 billion by 2028 from an estimated USD 12.1 billion in 2023, at a CAGR of 7.9% during the forecast period. The major factors driving the growth of this market include the rise of electric vehicles, drones, and robotics.

    • Published: May 2024

  • Automotive Seat Industry - Forthcoming Trends to Fuel the Global Growth

    Automotive seat market is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period. The growth in this market is due to an increase in the adoption of powered seats in mid-segments and SUVs, with growing demand for premium cars driving the automotive seats market.

    • Published: May 2024

  • Shredder Blades Market Size & Share - Future Growth Prospective

    The Shredder Blades market is expected to grow from an estimated USD 431 million in 2023 to USD 557 million by 2028, at a CAGR of 5.3% during the forecast period. The industry that produces, sells, and distributes the blades used in shredding machines is known as the shredder blades market. Industrial shredders, paper shredders, plastic shredders, and wood shredders are just a few of the shredding equipment that require shredder blades as necessary parts. With the purpose of recycling, trash management, and other uses, these blades are made to effectively chop and shred materials into smaller pieces or particles.

    • Published: May 2024

  • Automotive Seat Market Size & Share - Future Growth Expectations

    Automotive seat market is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period. The growth in this market is due to an increase in the adoption of powered seats in mid-segments and SUVs, with growing demand for premium cars driving the automotive seats market.

    • Published: May 2024

  • Train Dispatching Industry - Forthcoming Trends to Fuel the Global Growth

    The global train dispatching market is projected to grow from USD 942 million in 2022 to USD 1,391 million by 2027, registering a CAGR of 8.1%. train dispatching has evolved as an efficient means of managing dispatch units and reporting & analysis. The train dispatching market is witnessing demand from verticals worldwide due to the increasing need for public safety and the evolution of communication technology and connected devices. To gain a competitive advantage in the train dispatching market, organizations emphasize upgrading and enhancing their offerings to explore the mature market and the potential opportunities in new avenues. Most train dispatching systems can incorporate information from the following systems: records management system (RMS), general information sheet (GIS), automatic vehicle locator (AVL), and caller ID. RMS provides data relevant to the current service call. GIS provides geographical and geospatial data. AVL pinpoints the location of response vehicles, allowing the train dispatching system to help determine the most suitable unit for a response.

    • Published: May 2024

  • Fuel Cell Industry - Forthcoming Trends to Fuel the Global Growth

    The global Fuel Cell Market is estimated to grow from USD 3.3 billion in 2023 to USD 8.7 billion by 2028; it is expected to record a CAGR of 21.7% during the forecast period. Because of growing worries about climate change, the demand for cleaner energy sources, and improvements in fuel cell technology that have increased their efficiency and reduced their cost, the fuel cell market has been expanding significantly. Globally, governments, corporations, and academic institutions are allocating resources towards fuel cell research, development, and implementation in order to expedite the assimilation of this auspicious technology and facilitate the shift towards a more sustainable energy landscape.

    • Published: May 2024

  • Train Dispatching Market Size & Share - Future Growth Expectations

    The global train dispatching market is projected to grow from USD 942 million in 2022 to USD 1,391 million by 2027, registering a CAGR of 8.1%. train dispatching has evolved as an efficient means of managing dispatch units and reporting & analysis. The train dispatching market is witnessing demand from verticals worldwide due to the increasing need for public safety and the evolution of communication technology and connected devices. To gain a competitive advantage in the train dispatching market, organizations emphasize upgrading and enhancing their offerings to explore the mature market and the potential opportunities in new avenues. Most train dispatching systems can incorporate information from the following systems: records management system (RMS), general information sheet (GIS), automatic vehicle locator (AVL), and caller ID. RMS provides data relevant to the current service call. GIS provides geographical and geospatial data. AVL pinpoints the location of response vehicles, allowing the train dispatching system to help determine the most suitable unit for a response.

    • Published: May 2024

  • Fuel Cell Market Size & Share - Future Growth Expectations

    The global Fuel Cell Market is estimated to grow from USD 3.3 billion in 2023 to USD 8.7 billion by 2028; it is expected to record a CAGR of 21.7% during the forecast period. The industry that produces, distributes, and uses fuel cells is known as the fuel cell market. Fuel cells are electrochemical devices that react with oxygen or another oxidizing agent to transform chemical energy from a fuel into electrical energy. Since they generate electricity with less emissions and more energy efficiency than conventional combustion-based power production techniques, they provide a clean and effective substitute.

    • Published: May 2024

  • Automotive Operating System Industry - Forthcoming Trends to Fuel the Global Growth

    The automotive operating system market is projected to grow from USD 12.7 billion in 2022 to USD 25.8 billion by 2030, at a CAGR of 9.2%. Parameters such as increasing adoption of ADAS features, paired with rising sales of luxury cars will boost the demand for the automotive operating system. The revenue growth of the market is influenced by the growing advancements in infotainment systems. Increasing sales of electric vehicles in conjunction with rising trends pertaining to the software-defined vehicles are anticipated to create new opportunities for automotive operating system market.

    • Published: May 2024

  • Electrolyzers Industry - Emerging Trends Fueling Market Growth

    The global electrolyzers market is expected to reach USD 57.2 billion by 2030 from an estimated USD 0.5 billion in 2023, at a CAGR of 97.7% during the forecast period. The major factors driving the growth of this market include the shifts towards more sustainable and low carbon energy solutions and rising investments in green hydrogen production owing to the need to mitigate carbon emissions.

    • Published: May 2024

  • Electrolyzers Market Size & Share - Future Growth Expectations

    The global electrolyzers market size is expected to reach USD 57.2 billion by 2030 from an estimated USD 0.5 billion in 2023, at a CAGR of 97.7% during the forecast period. The major factors driving the growth of this market include the shifts towards more sustainable and low carbon energy solutions and rising investments in green hydrogen production owing to the need to mitigate carbon emissions.

    • Published: May 2024

  • Batter & Breader Premixes Industry - Forthcoming Trends to Fuel the Global Growth

    In 2023, the global market size for batter and breader premixes was estimated at USD 2.7 billion. Projections indicate that by 2028, this figure is expected to rise to USD 3.8 billion, reflecting a compound annual growth rate (CAGR) of 6.7% over the forecast period. One of the primary growth drivers for the batter and breader premixes market is the escalating demand for convenient food options. Consumers exhibit a preference for dishes featuring a crispy and well-coated exterior. Leveraging batter and breader premixes helps achieve this desired texture, potentially enhancing customer satisfaction and fostering repeat business for both restaurants and food manufacturers. In the competitive landscape of the food industry, utilizing high-quality adhesion batter and breader premixes can serve as a distinguishing factor. A meticulously crafted batter and breader can elevate a product's appeal through its distinct taste and texture.

    • Published: May 2024

  • Batter & Breader Premixes Market Size & Share - Future Growth Expectations

    The batter and breader premixes market was valued at USD 2.7 billion in 2023 and is anticipated to reach USD 3.8 billion by 2028, growing at a CAGR of 6.7% during the forecast period. The surging demand for convenient foods serves as a key driver for the batter and breader premixes market. Consumers increasingly favor dishes with a crispy and evenly coated exterior. Batter and breader premixes play a crucial role in achieving this desired texture, thereby enhancing customer satisfaction and fostering repeat business for restaurants and food manufacturers. In the competitive realm of the food industry, the adoption of premium-quality adhesion batter and breader premixes can serve as a distinguishing factor for businesses. A meticulously crafted batter and breader can differentiate a product based on its unique taste and texture, setting it apart from competitors.

    • Published: May 2024

  • Blower Market Size & Share - Future Growth Expectations

    The global blower market is projected to reach USD 4.6 billion by 2028 from an estimated USD 3.7 billion in 2023, at a CAGR of 4.8% during the forecast period. There are many different types of blowers available on the market, ranging from compact, handheld models for home use to massive, industrial-grade models for heavy-duty uses. The necessity for energy-efficient solutions, urbanization, industrialization, and rising environmental awareness are the factors propelling the blower market.

    • Published: May 2024

  • Blower Industry - Forthcoming Trends to Fuel the Global Growth

    The global blower market is projected to reach USD 4.6 billion by 2028 from an estimated USD 3.7 billion in 2023, at a CAGR of 4.8% during the forecast period. Manufacturers and providers of blowers, such as centrifugal, positive displacement, regenerative, and axial blowers, are major participants in the blower market. A number of factors, including government restrictions, economic conditions, technological breakthroughs, and demand from different end-user sectors, have an impact on the market.

    • Published: May 2024

  • Automotive Operating System Market Size & Share - Future Growth Expectations

    The automotive operating system market is projected to grow from USD 12.7 billion in 2022 to USD 25.8 billion by 2030, at a CAGR of 9.2%. Parameters such as increasing adoption of ADAS features, paired with rising sales of luxury cars will boost the demand for the automotive operating system. The revenue growth of the market is influenced by the growing advancements in infotainment systems. Increasing sales of electric vehicles in conjunction with rising trends pertaining to the software-defined vehicles are anticipated to create new opportunities for automotive operating system market.

    • Published: May 2024

  • Motor Monitoring Market Size & Share - Future Growth Expectations

    The motor monitoring market is projected to reach USD 3.5 billion by 2028 from an estimated USD 2.3 billion in 2023, at a CAGR of 8.7% during the forecast period. The industry that develops, produces, and implements systems and solutions intended to track the condition, performance, and health of electric motors is known as the motor monitoring market. These systems collect data from motors continually, evaluate it in real-time or through periodic assessments, and provide insights into the motor's operational state. They accomplish this by utilizing a variety of sensors, data analytics techniques, and networking technologies.

    • Published: May 2024

  • Switchgear Monitoring System Industry - Emerging Trends to Fuel the Global Growth

    The global switchgear monitoring system market is expected to reach USD 2.7 billion by 2028 from an estimated value of USD 1.8 billion in 2023, at a CAGR of 8.4% during the forecast period. The major factors driving the growth of this market include the growing energy requirements, the incorporation of renewable energy sources, electrification and continuous grid modernization initiatives.

    • Published: May 2024

  • Switchgear Monitoring System Market Size & Share - Future Growth Expectations

    The global switchgear monitoring system market size is expected to reach USD 2.7 billion by 2028 from an estimated value of USD 1.8 billion in 2023, at a CAGR of 8.4% during the forecast period. The major factors driving the growth of this market include the growing energy requirements, the incorporation of renewable energy sources, electrification and continuous grid modernization initiatives.

    • Published: May 2024

  • Passenger Car Seat Industry - Forthcoming Trends to Fuel the Global Growth

    The passenger car seat market is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period. The growth of this market can be attributed due to rising adoption of powered seats in mid segments and SUVs with growing demand for premium cars is driving the passenger car seats market.

    • Published: May 2024

  • Top 10 Food Safety Testing and Technologies Trends, Size & Share - Future Growth Expectations

    The food safety testing market size is projected to grow at a CAGR of 8.2% from an estimated value of USD 22.7 billion in 2023 to reach USD 33.7 billion by 2028. The food safety testing market is experiencing growth due to various factors. These include the global nature of the food supply chain has increased the complexity of ensuring food safety. With food products crossing international borders, there is a need for standardized testing and quality assurance protocols to ensure that products meet safety standards.

    • Published: May 2024

  • Transformer Monitoring Industry - Emerging Trends to Fuel the Global Growth

    The global transformer monitoring market is expected to reach USD 3.7 billion by 2028 from an estimated USD 2.4 billion in 2023, at a CAGR of 9.1% during the forecast period. The major factors driving the growth of this market include the systems ensure proactive maintenance by detecting and addressing potential issues, minimizing downtime, and optimizing transformer performance, thereby enhancing reliability and reducing overall operational costs for power utilities.

    • Published: May 2024

  • Transformer Monitoring Market Size & Share - Future Growth Expectations

    The global transformer monitoring market size is expected to reach USD 3.7 billion by 2028 from an estimated USD 2.4 billion in 2023, at a CAGR of 9.1% during the forecast period. The major factors driving the growth of this market include the systems ensure proactive maintenance by detecting and addressing potential issues, minimizing downtime, and optimizing transformer performance, thereby enhancing reliability and reducing overall operational costs for power utilities.

    • Published: May 2024

  • Top Companies in Electric Commercial Vehicle Traction Motor Industry - ZF Friedrichshafen AG (Germany), Dana Limited (US), Robert Bosch GmbH (Germany), Magna International Inc. (Germany) and Allison Transmission, Inc. (US) are Leading Players

    The global Electric Commercial Vehicle Traction Motor market is projected to grow from USD 2.1 billion in 2024 to USD 9.8 billion by 2030, registering a CAGR of 28.8%. The electric commercial vehicle (ECV) traction motor market for vehicles such as trucks, pickup trucks, vans and buses is experiencing a surge fueled by significant driver the global push towards sustainability and reducing carbon emissions. With governments imposing stricter regulations on vehicle emissions, manufacturers are increasingly turning to electric propulsion systems. This shift towards electrification has propelled the demand for ECV traction motors, as they offer a cleaner and more efficient alternative to traditional internal combustion engines. Additionally, advancements in battery technology have extended the range and improved the performance of electric vehicles, further boosting the adoption of ECV traction motors.

    • Published: May 2024

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