Research Insight

Offshore Support Vessel Industry - Emerging Trends to Fuel the Global Growth

The global offshore support vessel market is expected to reach USD 31.4 billion by 2028 from an estimated USD 22.6 billion in 2023, at a CAGR of 6.7% during the forecast period. The major factors driving the growth of this market include the rising trend of investments in offshore wind and oil & gas projects.

• Published: May 2024

Top Companies in Electric 3 wheeler Industry - Mahindra&Mahindra Ltd. (India) and YC Electric Vehicle (India)

The electric 3 wheeler market is projected to grow from USD 1.3 billion in 2024 to USD 1.5 billion by 2030, at a CAGR of 2.2%. The demand for electric 3 wheelers, particularly among the Top Companies in Electric 3 Wheeler Industry, is expected to increase significantly, driven by government subsidies and policies to encourage the use of electric 3 wheelers. Reducing battery prices and increased economies of scale due to rapidly increasing E3W production also contribute to this demand. The growing use of these vehicles for last-mile delivery will further enhance demand in the coming years. 

• Published: May 2024

High Voltage Cables and Accessories Market Size & Share - Future Growth Expectations

The high voltage cables and accessories market is projected to reach USD 52.5 billion by 2028 from an estimated USD 40.0 billion in 2023, at a CAGR of 5.6% during the forecast period. The High Voltage Cables and Accessories Market refers to the industry involved in the production, distribution, and maintenance of cables and associated equipment designed to transmit electricity at high voltages. These cables are essential components of electrical infrastructure, used in applications such as power transmission and distribution, renewable energy projects, industrial plants, and grid connections.

• Published: May 2024

Asia Pacific Electric Three-Wheeler Market Size & Share - Future Growth Expectations

The Asia Pacific electric three-wheeler market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%. The Asia Pacific region is witnessing a surge in the electric three-wheeler market, attributed mainly to government incentives, environmental awareness, and cost-effectiveness. Governments in the Asia Pacific region are providing subsidies and tax rebates to encourage the use of electric vehicles, including three-wheelers, to reduce the dependency on fossil fuels and improve air quality. Since electric three-wheelers produce no exhaust emissions, they are an attractive option for countries with severe air pollution. Furthermore, electric three-wheelers are cheaper to run and require less maintenance, making them a more economical option, especially in places with high gasoline prices. The market is anticipated to grow further in the coming years due to supportive government initiatives and rising environmental concerns.

• Published: May 2024

Offshore Support Vessel Market Size & Share - Future Growth Expectations

The global offshore support vessel market size is expected to reach USD 31.4 billion by 2028 from an estimated USD 22.6 billion in 2023, at a CAGR of 6.7% during the forecast period. The major factors driving the growth of this market include the rising trend of investments in offshore wind and oil & gas projects.

• Published: May 2024

Micromotor Industry - Forthcoming Trends to Fuel the Global Growth

The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The demand for micromotors is driven by factors such as miniaturization, efficiency, precision and accuracy, cost-effectiveness, and innovation, as they are ideal for small, lightweight, battery-powered devices that require high levels of control and can provide high torque and power density in a small package.

• Published: May 2024

Micromotor Market Size & Share - Future Growth Expectations

The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The demand for micromotors is driven by factors such as miniaturization, efficiency, precision and accuracy, cost-effectiveness, and innovation, as they are ideal for small, lightweight, battery-powered devices that require high levels of control and can provide high torque and power density in a small package.

• Published: May 2024

Electric Scooter and Motorcycle Industry - Forthcoming Trends to Fuel the Global Growth

The global electric scooter and motorcycle market, by value, is estimated to be USD 4.9 billion in 2023 and is projected to reach USD 14.7 billion by 2028, at a CAGR of 24.8% from 2023 to 2028. In the near future, demand for e-scooters and e-motorcycles is expected to increase due to favourable government policies and OEM investment.

• Published: May 2024

Electric Scooter and Motorcycle Market Size & Share - Future Growth Expectations

The global electric scooter and motorcycle market, by value, is estimated to be USD 4.9 billion in 2023 and is projected to reach USD 14.7 billion by 2028, at a CAGR of 24.8% from 2023 to 2028. In the near future, demand for e-scooters and e-motorcycles is expected to increase due to favourable government policies and OEM investment.

• Published: May 2024

Autonomous Forklift Industry - Forthcoming Trends to Fuel the Global Growth

The autonomous forklift market size is projected to reach USD 8.8 billion by 2028 from an estimated USD 4.6 billion in 2023, at a CAGR of 13.8% from 2023 to 2028. The base year for the report is 2022, and the forecast period is from 2023 to 2028. The key factors contributing for the growth of autonomous forklift market includes rising demand for automated storage and retrieval systems (ASRS), growing popularity about automated material handling equipment and warehouse espicailly in e-commerce industry, industrial growth in emerging economies, rising demand for third-party logistics services are some of the driving factors for the market.

• Published: May 2024

Autonomous Forklift Market Size & Share - Future Growth Expectations

The autonomous forklift market size is projected to reach USD 8.8 billion by 2028 from an estimated USD 4.6 billion in 2023, at a CAGR of 13.8% from 2023 to 2028. The base year for the report is 2022, and the forecast period is from 2023 to 2028. The key factors contributing for the growth of autonomous forklift market includes rising demand for automated storage and retrieval systems (ASRS), growing popularity about automated material handling equipment and warehouse espicailly in e-commerce industry, industrial growth in emerging economies, rising demand for third-party logistics services are some of the driving factors for the market.

• Published: May 2024

E-Bike Industry - Forthcoming Trends to Fuel the Global Growth

The global E-Bike market is projected to grow from USD 49.1 billion in 2023 to USD 62.3 billion by 2028 at a CAGR of 4.9% from 2023 to 2028. The growth in the E-Bike industry is expected mainly due to driving factors for the market like increasing traffic congestion, growing interest in cycling as a fitness and recreational activity, and the inclination of consumers toward an eco-friendly solution for commuting.

• Published: May 2024

Digital Transformation in Agriculture: Impact on Precision Farming Market Share

The agricultural sector is undergoing a significant transformation driven by digital technologies, revolutionizing traditional farming practices. One of the key outcomes of this digital revolution is the rise of precision farming, which leverages data-driven insights to optimize agricultural processes. In this article, we explore how digital transformation is reshaping the precision farming landscape and its impact on market share dynamics.

• Published: May 2024

Euro 7 Regulations Compliant Industry - Forthcoming Trends to Fuel the Global Growth

The Euro 7 regulations compliant market is estimated to grow from 13.6 million units in 2026 to USD 14.1 million units by 2035 at a CAGR of 0.4% from 2026 to 2035

• Published: May 2024

Euro 7 Regulations Compliant Market Size & Share - Future Growth Expectations

The Euro 7 regulations compliant market is estimated to grow from 13.6 million units in 2026 to USD 14.1 million units by 2035 at a CAGR of 0.4% from 2026 to 2035

• Published: May 2024

E-Bike Market Size & Share - Future Growth Expectations

The global E-Bike market is projected to grow from USD 49.1 billion in 2023 to USD 62.3 billion by 2028 at a CAGR of 4.9% from 2023 to 2028. The growth in the E-Bike industry is expected mainly due to driving factors for the market like increasing traffic congestion, growing interest in cycling as a fitness and recreational activity, and the inclination of consumers toward an eco-friendly solution for commuting.

• Published: May 2024

Exploring the Dynamics of the Machine Condition Monitoring Market: Size, Share, Trends, Growth Drivers, Opportunities, and Challenges

Machine condition monitoring has emerged as a critical aspect of modern industrial operations, enabling businesses to proactively manage the health and performance of their assets. With the increasing adoption of predictive maintenance strategies, the machine condition monitoring market is experiencing significant growth worldwide. This article delves into the various facets of this market, including its size, share, trends, growth drivers, opportunities, and challenges.

• Published: May 2024

Microgrid Market Size: Analyzing Growth Patterns and Future Projections

Microgrids, once considered a niche technology, have now emerged as a crucial component of modern energy systems. These decentralized energy networks offer resilience, reliability, and flexibility, making them increasingly attractive for a wide range of applications, from remote communities to industrial complexes. In this article, we delve into the current state of the microgrid market, analyze its growth patterns, and explore future projections.

• Published: May 2024

Synchronous Generator Market Size & Share - Future Growth Expectations

The synchronous generator market is estimated to be USD 4.7 billion in 2023 to USD 5.9 billion by 2028, at a CAGR of 4.6% during the forecast period. The Synchronous Generator Market refers to the market for synchronous generators, which are devices used to convert mechanical energy into electrical energy. These generators operate at a constant speed that is synchronized with the frequency of the electrical grid to which they are connected. They are widely used in various industries, including power generation, utilities, oil and gas, and manufacturing, to produce electricity.

• Published: May 2024

Synchronous Generator Industry - Forthcoming Trends to Fuel the Global Growth

The synchronous generator market is expected to grow from an estimated USD 4.7 billion in 2023 to USD 5.9 billion by 2028, at a CAGR of 4.6% during the forecast period. The market for synchronous generators is influenced by factors such as the demand for electricity, industrial growth, government regulations, and technological advancements. It encompasses the manufacturing, sales, and distribution of synchronous generators by various companies worldwide.

• Published: May 2024

Ground Support Equipment Companies - Oshkosh Corporation (US) and TCR Group (Belgium) are the Key Players

The market for Ground Support Equipment is expected to grow rapidly, reaching USD 7.4 billion by 2029, from USD 6.1 billion in 2024, at a CAGR of 3.9%. The total ground support equipment volume is expected to grow from 38,592 units in 2024 to 44,761 units in 2029.

• Published: May 2024

Quantum Dot Companies - AUO Corporation (Taiwan) and BOE Technology Group Co., Ltd. (China) are the Key Players

The quantum dot market is estimated to be worth USD 10.6 billion in 2024 and is projected to reach USD 23.9 billion by 2029, at a CAGR of 17.7% during the forecast period. The growing deployment of quantum dots in display applications is a key factor that contributes towards the market growth of quantum dots. Moreover, increasing use of quantum dots for biological and medical imaging is expected to provide growth opportunities for market players offering quantum dot products.

• Published: May 2024

E-fuels Industry - Emerging Trends Fueling Market Growth

The global e-fuels market is expected to reach USD 49.4 billion by 2030 from an estimated USD 6.2 billion in 2023, at a CAGR of 34.5% during the forecast period. The major factors driving the growth of this market include In addition to transportation and aviation, e-fuels are being used in power production, heating, and as an energy carrier in isolated or off-grid regions, which is increasing market demand.

• Published: May 2024

E-fuels Market Size & Share - Future Growth Expectations

The global e-fuels market size is expected to reach USD 49.4 billion by 2030 from an estimated USD 6.2 billion in 2023, at a CAGR of 34.5% during the forecast period. The major factors driving the growth of this market include In addition to transportation and aviation, e-fuels are being used in power production, heating, and as an energy carrier in isolated or off-grid regions, which is increasing market demand.

• Published: May 2024

Food Diagnostics Market Size & Share - Future Growth Expectations

The food diagnostics market size is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Food diagnostics involves a range of techniques and technologies used to detect contaminants, pathogens, allergens, and adulterants in food products. The market is primarily driven by the growing concerns regarding food safety, increasing consumer awareness, and stringent regulations imposed by governments worldwide.

• Published: May 2024

Air Circuit Breaker Industry - Emerging Trends to Fuel the Global Growth

The global air circuit breaker market is expected to reach USD 4.1 billion by 2028 from an estimated USD 3.2 billion in 2023, at a CAGR of 5.0% during the forecast period. The major factors driving the growth of this market include heightened investments in power generation, especially from renewable sources, a growing global demand for reliable power supply, and enhancements in transmission and distribution networks.

• Published: May 2024

Air Circuit Breaker Market Size & Share - Future Growth Expectations

The global air circuit breaker market size is expected to reach USD 4.1 billion by 2028 from an estimated USD 3.2 billion in 2023, at a CAGR of 5.0% during the forecast period. The major factors driving the growth of this market include heightened investments in power generation, especially from renewable sources, a growing global demand for reliable power supply, and enhancements in transmission and distribution networks.

• Published: May 2024

Food Diagnostics Industry - Forthcoming Trends to Fuel the Global Growth

The food diagnostics market size is estimated at USD 16.2 billion in 2023 and is projected to reach USD 23.5 billion by 2028, at a CAGR of 7.7% from 2023 to 2028. Food diagnostics involves a range of techniques and technologies used to detect contaminants, pathogens, allergens, and adulterants in food products. The market is primarily driven by the growing concerns regarding food safety, increasing consumer awareness, and stringent regulations imposed by governments worldwide.

• Published: May 2024

Air Brake System Industry - Forthcoming Trends to Fuel the Global Growth

The air brake system market, by value, is projected to grow to USD 3.4 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 2.2% from 2023 to 2028. The base year for the report is 2022 and the forecast period is from 2023 to 2028. The major driving factors of the air brake system market are increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains and fail-safe nature of air brakes compared with that of hydraulic brakes.

• Published: May 2024

Air Brake System Market Size & Share - Future Growth Expectations

The air brake system market, by value, is projected to grow to USD 3.4 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 2.2% from 2023 to 2028. The base year for the report is 2022 and the forecast period is from 2023 to 2028. The major driving factors of the air brake system market are increasing sales and production of commercial & OHV trucks, increasing railways & high-speed trains and fail-safe nature of air brakes compared with that of hydraulic brakes.

• Published: May 2024

Electric Vehicle Industry - Forthcoming Trends to Fuel the Global Growth

The global EV market is projected to grow from USD 388.1 billion in 2023 to USD 951.9 billion by 2030, registering a CAGR of 13.7%. The electric vehicle (EV) market has witnessed unprecedented growth in recent years, signaling a remarkable shift towards cleaner and more sustainable transportation solutions worldwide. Governments' increased focus on reducing greenhouse gas emissions and combating climate change has been a driving force behind the surge in EV adoption. With rising environmental awareness and stringent regulations, consumers and businesses are increasingly embracing EVs as a viable alternative to conventional internal combustion engine vehicles.

• Published: May 2024

Dry Type Transformer Industry - Emerging Trends to Fuel the Global Growth

The global dry type transformer market is expected to reach USD 9.2 billion by 2028 from an estimated USD 6.6 billion in 2023, at a CAGR of 6.8% during the forecast period. The major factors driving the growth of this market include the rising safety concerns, increasing focus on renewable energy, and the growing demand for electricity.

• Published: May 2024

Dry Type Transformer Market Size & Share - Future Growth Expectations

The global dry type transformer market size is expected to reach USD 9.2 billion by 2028 from an estimated USD 6.6 billion in 2023, at a CAGR of 6.8% during the forecast period. The major factors driving the growth of this market include the rising safety concerns, increasing focus on renewable energy, and the growing demand for electricity.

• Published: May 2024

EV Market Size & Share - Future Growth Expectations

The global EV Market size is projected to grow from USD 396.4 Billion in 2024 to USD 620.3 Billion by 2030, registering a CAGR of 7.7%. EV Market is becoming more practical due to improvements in the battery technology along with the overall changes in technology which are taking place in our society. Four key reasons have contributed towards this development. They include strict government policies that seek to reduce the carbon emissions into the atmosphere, development of batteries that allow for longer distance covering and take shorter time to charge, quest for green transport mechanisms, growing fuel costs and growing awareness among consumers about preserving environment. In addition, the increased infrastructure of charging and supportive government incentives has increased the adoption of electric vehicles around the world.

• Published: May 2024

Plant-Based Protein Market Size & Share - Future Growth Expectations

• Published: May 2024

Mining Machinery Industry - Forthcoming Trends to Fuel the Global Growth

The mining machinery market is size estimated to grow from USD 24.8 billion in 2023 to USD 32.8 billion by 2030, at a CAGR of 4.1%. Demand for critical minerals which are essential in the production of a wide range of products that include electric vehicles, batteries, and solar panels has led to an increase in mining exploration activities which is further driving the demand for advanced mining machines for increased productivity and safer operations. Also, significant amounts of raw materials, such as metals, minerals, and aggregates, are required by infrastructure projects and the rapid urbanization process, which requires mining operations and the use of specialized mining machinery, thus driving the demand for the mining machinery market.

• Published: May 2024

Mining Machinery Market Size & Share - Future Growth Expectations

The mining machinery industry is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period. Demand for critical minerals which are essential in the production of a wide range of products that include electric vehicles, batteries, and solar panels has led to an increase in mining exploration activities which is further driving the demand for advanced mining machines for increased productivity and safer operations. Also, significant amounts of raw materials, such as metals, minerals, and aggregates, are required by infrastructure projects and the rapid urbanization process, which requires mining operations and the use of specialized mining machinery, thus driving the demand for the mining machinery market.

• Published: May 2024

Plant-Based Protein Industry - Forthcoming Trends to Fuel the Global Growth

The plant-based protein market is estimated at USD 23.89 billion in 2025 and is projected to reach USD 34.97 billion by 2030, at a CAGR of 7.9%. Plant-based proteins have surged in popularity thanks to their diverse range of nutritional benefits, attracting individuals in search of a healthier and more sustainable protein source.

• Published: May 2024

Agricultural Micronutrients Industry - Forthcoming Trends to Fuel the Global Growth

The global agricultural micronutrients market, valued at USD 4.5 billion in 2023, is expected to reach USD 6.9 billion by 2028, growing at a CAGR of 8.6%. Key drivers include the need for improving agricultural yield and crop quality, driven by the rising global population's demand for high-quality food. Soil micronutrient deficiencies and increased awareness of their benefits also contribute to market growth, alongside research and technological advancements in micronutrient fertilizers.

• Published: May 2024

Agricultural Micronutrients Market Size & Share - Future Growth Expectations

The global agricultural micronutrients market, valued at USD 4.5 billion in 2023, is expected to reach USD 6.9 billion by 2028, with a CAGR of 8.6%. Key drivers include the focus on improving yield and crop quality, increasing demand for high-quality food, soil micronutrient deficiencies, research, technological advancements, and growing awareness of the benefits of agricultural micronutrients.

• Published: May 2024

Oil and Gas Pumps Market Size & Share - Global Future Growth Expectations

The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. The Oil and Gas Pumps Market is the industry segment that manufactures, distributes, and uses pumps that are specifically developed for the oil and gas sector. These pumps are critical to many processes in the oil and gas sector, including extraction, transportation, refining, and distribution of oil and gas products.

• Published: May 2024

Automotive HUD Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive HUD market size is projected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. Factors such as increasing adoption of ADAS equipped vehicles, increasing demand for connected vehicles, and growing focus towards vehicle safety will increase the need for automotive HUD solutions to enhance the driving experience. Also, rising demand for semi-autonomous vehicles, and increasing adoption of electric vehicles are also expected to support the revenue growth of the automotive HUD market during the forecast period.

• Published: May 2024

Oil and Gas Pumps Industry - Emerging Trends Making Great Impact

The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. Factors influencing the oil and gas pump industry include fluctuations in oil and gas prices, technological improvements, government regulations, and overall energy demand. It is frequently regarded a subset of the larger industrial equipment market and is inextricably linked to the performance of the oil and gas industry as a whole.

• Published: May 2024

Mulch Films Industry - Forthcoming Trends to Fuel the Global Growth

In 2023, the mulch films market reached an estimated value of USD 7.8 billion and is anticipated to grow to USD 10.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is primarily driven by the rising demand for mulch films, stemming from the imperative to enhance agricultural productivity, adopt sustainable farming practices, and adapt to climate change challenges.

• Published: May 2024

Automotive HUD Market Size & Share - Future Growth Expectations

The global automotive HUD market size is projected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. Factors such as increasing adoption of ADAS equipped vehicles, increasing demand for connected vehicles, and growing focus towards vehicle safety will increase the need for automotive HUD solutions to enhance the driving experience. Also, rising demand for semi-autonomous vehicles, and increasing adoption of electric vehicles are also expected to support the revenue growth of the automotive HUD market during the forecast period.

• Published: May 2024

Biorational Pesticides Market Size & Share - Future Growth Expectations

• Published: May 2024

Mulch Films Market Size & Share - Future Growth Expectations

In 2023, the mulch films market was valued at USD 7.8 billion, and it is expected to achieve USD 10.6 billion by 2028, showcasing a Compound Annual Growth Rate (CAGR) of 6.5% during the period from 2023 to 2028. This growth is predominantly driven by the escalating demand for mulch films, which is rooted in the imperative for heightened agricultural productivity, adoption of sustainable farming practices, and adaptation to climate change challenges.

• Published: May 2024

Switchgear Industry - Forthcoming Trends to Fuel the Global Growth

The global market for switchgear is projected to grow from an estimated USD 93.1 billion in 2023 to USD 119.9 billion by 2028, demonstrating a CAGR of 5.2% during this five-year period. The switchgear market refers to the global industry that manufactures, designs, distributes, and services switchgear equipment. Switchgear is essentially a collection of electrical disconnect switches, fuses, and circuit breakers used to control, protect, and isolate electrical devices. It is widely used in substations, power generation facilities, industrial plants, and commercial buildings to regulate electricity flow and safeguard electrical equipment from damage caused by overload, short circuits, or malfunctions.

• Published: May 2024

Biorational Pesticides Industry - Forthcoming Trends to Fuel the Global Growth

• Published: May 2024

Cultured Meat Industry - Forthcoming Trends to Fuel the Global Growth

The global cultured meat market is estimated at USD 272.4 million in 2023 and is projected to reach USD 6,169.6 million by 2034, at a CAGR of 33.3% from 2028 to 2034.

Furthermore, the market is anticipated to expand at a CAGR of 16.1% over the next five years. This growth is driven by increasing consumer preference for alternatives that mitigate ethical concerns and cruelty associated with traditional meat production. Moreover, health and safety considerations have fueled market growth. With modern consumers prioritizing health, there is a growing demand for meat products free from antibiotics, hormones, and foodborne pathogens. Cultured meat, produced under controlled and hygienic conditions, meets these preferences, driving its adoption and demand in the market.

• Published: May 2024