Research Insight

Automatic Tire Inflation System Market Size & Share - Future Growth Expectations

The Automatic tire inflation system market expected to reach USD 138 million by 2028 from USD 82 million in 2023, at a CAGR of 10.7% during the forecast period. Demand for increased tire life and improved fuel efficiency for heavy trucks & trailers are driving growth and advancements in the Automatic tire inflation system market.

• Published: May 2024

Cell to Pack Battery Market Size & Share - Future Growth Expectations

The cell to pack battery market size is projected to grow from USD 18.7 billion in 2023 to USD 79.0 billion by 2033, at a CAGR of 15.5% for the same period. The base year for the report is 2022, and the forecast period is from 2023 to 2033.

• Published: May 2024

Residential Energy Storage Market Size & Share - Future Growth Expectations

The global residential energy storage market is estimated to be valued at USD 2.69 billion in 2024 (Estimate Year) and is projected to reach USD 4.58 billion by 2030 (Forecast Year) growing at a CAGR of 9.3% during the forecast period. These systems typically include batteries and associated components that can store excess energy generated from renewable sources like solar panels, wind turbines, or even the grid during off-peak hours. This stored energy can then be used during times of high demand, power outages, or when energy prices are high, allowing homeowners to reduce their reliance on the grid and save on electricity bills.

• Published: May 2024

Portable Power Station Industry - Emerging Trends to Fuel the Global Growth

The global portable power station market is expected to reach USD 1.1 billion by 2028 from an estimated USD 0.5 billion in 2023, at a CAGR of 18.4% during the forecast period. The major factors driving the growth of this market include the rising utilization of smart electronic devices, a growing need for continuous and dependable power supply, and the implementation of strict emission regulations in the off-grid power sector.

• Published: May 2024

Connected Tires Industry - Forthcoming Trends to Fuel the Global Growth

The global Connected Tires market size is projected to grow from 4 USD million in 2023 to 54 USD million by 2028, at a CAGR of 67.1%. Factors such as greater fuel efficiency, growing demand for vehicle safety, and shift to use of connected systems will increase connected tyre demand. These tyres can seamlessly integrate with the overall vehicle ecosystem and provide crucial information to enhance safety and efficiency. Features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers can receive timely alerts and notifications about tire issues, enabling them to take immediate action and prevent accidents.

• Published: May 2024

Connected Tires Market Size & Share - Future Growth Expectations

The global Connected Tires market size is projected to grow from 4 USD million in 2023 to 54 USD million by 2028, at a CAGR of 67.1%. Factors such as greater fuel efficiency, growing demand for vehicle safety, and shift to use of connected systems will increase connected tyre demand. These tyres can seamlessly integrate with the overall vehicle ecosystem and provide crucial information to enhance safety and efficiency. Features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers can receive timely alerts and notifications about tire issues, enabling them to take immediate action and prevent accidents.

• Published: May 2024

Lithium Iron Phosphate Batteries Industry - Forthcoming Trends to Fuel the Global Growth

The global lithium iron phosphate batteries market is projected to reach USD 35.5 billion by 2028 from an estimated USD 17.7 billion in 2023, at a CAGR of 14.9% during the forecast period. The LiFePO4 battery market pulses with vitality, fueled by the accelerating pace of electrification in transportation and the growing need for sustainable energy solutions. Electric vehicles glide silently onto the scene, powered by these robust batteries, while renewable energy systems harness their potential to store solar and wind power.

• Published: May 2024

Portable Power Station Market Size & Share - Future Growth Expectations

The global portable power station market size is expected to reach USD 1.1 billion by 2028 from an estimated USD 0.5 billion in 2023, at a CAGR of 18.4% during the forecast period. The major factors driving the growth of this market include the rising utilization of smart electronic devices, a growing need for continuous and dependable power supply, and the implementation of strict emission regulations in the off-grid power sector.

• Published: May 2024

Lithium Iron Phosphate Batteries Market Size & Share - Future Growth Expectations

The global lithium iron phosphate batteries market is projected to reach USD 35.5 billion by 2028 from an estimated USD 17.7 billion in 2023, at a CAGR of 14.9% during the forecast period. The lithium iron phosphate (LiFePO4) battery market refers to the industry surrounding the production, sale, and usage of batteries utilizing lithium iron phosphate as the cathode material. LiFePO4 batteries are a type of lithium-ion battery known for their high energy density, long cycle life, and enhanced safety features compared to other lithium-ion chemistries.

• Published: May 2024

Rolling Stock Industry - Forthcoming Trends to Fuel the Global Growth

The global rolling stock market, by value, is estimated to be 54.6 USD billion in 2023 and is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% from 2023 to 2028. In the near future, demand for rolling stock is expected to increase due to favourable investment made for railway industry.

• Published: May 2024

Rolling Stock Market Size & Share - Future Growth Expectations

The global rolling stock market, by value, is estimated to be 54.6 USD billion in 2023 and is projected to reach 65.6 USD billion by 2028, at a CAGR of 3.8% from 2023 to 2028. In the near future, demand for rolling stock is expected to increase due to favourable investment made for railway industry.

• Published: May 2024

High Voltage Cables and Accessories Industry - Forthcoming Trends to Fuel the Global Growth

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. Factors driving the growth of the high voltage cables and accessories market include increasing demand for electricity, growing investments in renewable energy projects, upgrading of aging infrastructure, and government initiatives to improve energy efficiency and reliability of power transmission networks.

• Published: May 2024

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

Fuel Cell Generator Industry - Emerging Trends to Fuel the Global Growth

The global fuel cell generator market is expected to reach USD 2.1 billion by 2030 from an estimated USD 0.4 billion in 2023, at a CAGR of 25.4% during the forecast period. The major factors driving the growth of this market include the growing demand for cleaner and more sustainable energy solutions, growing need for decentralized power generation, and the government support and incentives.

• Published: May 2024

Automotive Tire Industry - Forthcoming Trends to Fuel the Global Growth

Automotive tire market is projected to grow from USD 19.6 billion in 2023 to USD 21.6 billion by 2028 at a CAGR of 2.1% over the forecast period. The increasing average vehicle age, annual miles driven by light-duty vehicles, improved infrastructure and increased tire replacement miles are driving the growth of tires aftermarket.  Major OEMs of the automotive tire market are from Asia Pacific and Europe. The top 5 OEMs of the automotive tire market are Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire & Rubber Company (US), Michelin (France), and Pirelli & C.S.P.A (Italy). Key players in automotive seats are investing in new technologies such as lightweight material, vegan & synthetic trim material, and advanced seat features to improve fuel efficiency and reduce genuine leather’s environmental impact.

• Published: May 2024

Fuel Cell Generator Market Size & Share - Future Growth Expectations

The global fuel cell generator market size is expected to reach USD 2.1 billion by 2030 from an estimated USD 0.4 billion in 2023, at a CAGR of 25.4% during the forecast period. The major factors driving the growth of this market include the growing demand for cleaner and more sustainable energy solutions, growing need for decentralized power generation, and the government support and incentives.

• Published: May 2024

Automotive Tire Market Size & Share - Future Growth Expectations

The automotive tire industry is projected to grow from USD 19.6 billion in 2023 to USD 21.6 billion in 2028, at a Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period. The increasing average vehicle age, annual miles driven by light-duty vehicles, improved infrastructure and increased tire replacement miles are driving the growth of tires aftermarket.  Major OEMs of the automotive tire market are from Asia Pacific and Europe. The top 5 OEMs of the automotive tire market are Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire & Rubber Company (US), Michelin (France), and Pirelli & C.S.P.A (Italy). Key players in automotive seats are investing in new technologies such as lightweight material, vegan & synthetic trim material, and advanced seat features to improve fuel efficiency and reduce genuine leather’s environmental impact.

• Published: May 2024

AI in Computer Vision Market Share: Driving Innovation and Growth

The global AI in Computer Vision market Share is experiencing remarkable growth, driven by advancements in technology and increasing adoption across various industries. AI in Computer Vision Market Share for AI in Computer Vision is projected to reach USD 45.7 billion by 2028, growing at a CAGR of 21.5% from 2023 to 2028. This growth is fueled by factors such as the rising demand for advanced technologies and the expanding use of AI across industries like healthcare, finance, retail, and emerging technologies like IoT and edge computing.

• Published: May 2024

Avionics Market Share: Driving Innovation in Aerospace

The avionics market is poised for significant growth, driven by the increasing demand for modern aircraft and the need for more fuel-efficient solutions:

The avionics market share, estimated at USD 43.4 billion in 2023, is projected to reach USD 81.8 billion by 2030, with a CAGR of 9.5% from 2023 to 2030. This growth is fueled by factors such as the demand for connected aircraft, technological advancements, and the trend towards autonomous and electric aircraft.

• Published: May 2024

Farm Equipment Industry - Forthcoming Trends to Fuel the Global Growth

The global farm equipment market is projected to grow from USD 107.7 billion in 2023 to USD 136.3 billion by 2028, at a CAGR of 4.8% during the forecast period. The base year for the report is 2021, and the forecast period is from 2023 to 2028. Increasing farm mechanization, demand for food due to increasing population and rising labor costs, especially skilled labor, and growing penetration of electric vehicles and mechanization are driving the growth and advancements in the farm equipment market.

• Published: May 2024

Building Information Modeling Market Share: A Sustainable Approach to Construction

Building Information Modeling (BIM) Market is witnessing significant growth in the construction industry, driven by its role in promoting sustainable development:

• Published: May 2024

Farm Equipment Market Size & Share - Future Growth Expectations

The global farm equipment market is projected to grow from USD 107.7 billion in 2023 to USD 136.3 billion by 2028, at a CAGR of 4.8% during the forecast period. The base year for the report is 2021, and the forecast period is from 2023 to 2028. Increasing farm mechanization, demand for food due to increasing population and rising labor costs, especially skilled labor, and growing penetration of electric vehicles and mechanization are driving the growth and advancements in the farm equipment market.

• Published: May 2024

Machine Vision Market Share

Introduction:

Machine Vision Market Share technology has become a cornerstone in various industries, revolutionizing processes and driving efficiency. This article delves into the current market share of machine vision and the underlying dynamics shaping its growth.

• Published: May 2024

Machine Vision Market Share

Introduction:

Machine Vision Market Share technology has become a cornerstone in various industries, revolutionizing processes and driving efficiency. This article delves into the current market share of machine vision and the underlying dynamics shaping its growth.

• Published: May 2024

Security Solutions Market Share: A Global Overview

The global security solutions market Share is poised for substantial growth, driven by various factors including escalating security threats, heightened awareness of protective measures, and rapid technological advancements. Here’s a closer look at the dynamics shaping the market:

• Published: May 2024

Interactive Display Market Share: Transforming Business and Education

The Interactive Display Market Share is experiencing significant growth, projected to reach USD 16.9 billion by 2029 from USD 12.5 billion in 2024, with a CAGR of 6.3% during the forecast period. These displays offer features that enhance efficiency and productivity across various contexts, driving their widespread adoption.

• Published: May 2024

Interactive Display Market Share: Transforming Business and Education

The Interactive Display Market Share is experiencing significant growth, projected to reach USD 16.9 billion by 2029 from USD 12.5 billion in 2024, with a CAGR of 6.3% during the forecast period. These displays offer features that enhance efficiency and productivity across various contexts, driving their widespread adoption.

• Published: May 2024

Building Automation System Market Share: Transforming Building Management

The global Building Automation System Market Share is experiencing significant growth, driven by the increasing demand for automation and efficiency in building management:

• Published: May 2024

Construction Equipment Industry - Forthcoming Trends to Fuel the Global Growth

The construction equipment market is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction industry is rapidly changing in the wake of exploring the benefits of electric-powered construction equipment which will create a new era of smarter and efficient construction projects.

• Published: May 2024

Marine VFD Market Size & Share - Future Growth Expectations

The Marine VFD market is projected to reach USD 1.6 billion by 2030 from an estimated USD 1.1 billion in 2023, at a CAGR of 5.0% during the forecast period. Variable Frequency Drives (VFDs) are electronic devices that control the speed of alternating current motors in a variety of applications, including marine propulsion systems, auxiliary systems, pumps, fans, and other gear on board ships and boats. VFDs allow exact control of motor speed by adjusting the frequency and voltage supplied to the motor, resulting in energy savings, increased efficiency, and greater performance.

• Published: May 2024

EV Charging Cable Industry - Forthcoming Trends to Fuel the Global Growth

The global EV charging cable market is estimated to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As awareness of environmental concerns and the benefits of EVs continues to rise, there has been a significant surge in the adoption of electric vehicles worldwide. This surge has naturally spurred the demand for efficient and innovative charging solutions, leading to a substantial expansion of the EV charging cable market. The market's growth can also be attributed to government incentives and initiatives aimed at promoting clean energy, further encouraging consumers to embrace electric mobility.

• Published: May 2024