Research Insight

Mobility as a Service Industry - Forthcoming Trends to Fuel the Global Growth

Mobility as a Service market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. The prices of fossil fuels have been increasing continuously with the volatile oil prices, which in turn increases transportation costs. With increasing inflation, owning a car has become a challenge, so people are switching to alternate modes of transportation, such as ride-hailing or car-sharing services. These services are flexible and convenient, and cost-effective for consumers.  Finding a proper parking space and paying for the same has become a big hassle for commuters. Such factors are driving the consumers towards MaaS.

• Published: May 2024

Mobility as a Service Market Size & Share - Future Growth Expectations

Mobility as a Service market is projected to grow from USD 5.7 billion in 2023 to USD 40.1 billion by 2030, at a CAGR of 32.2% over the forecast period. The prices of fossil fuels have been increasing continuously with the volatile oil prices, which in turn increases transportation costs. With increasing inflation, owning a car has become a challenge, so people are switching to alternate modes of transportation, such as ride-hailing or car-sharing services. These services are flexible and convenient, and cost-effective for consumers.  Finding a proper parking space and paying for the same has become a big hassle for commuters. Such factors are driving the consumers towards MaaS.

• Published: May 2024

Energy Management Systems Industry - Emerging Trends to Fuel the Global Growth

The global energy management systems market is expected to reach USD 75.6 billion by 2028 from an estimated USD 40.7 billion in 2023, at a CAGR of 13.2% during the forecast period. The major factors driving the growth of this market include the increased energy usage and price volatility, rising installation of smart grids and smart meters, and government initiatives to combat climate change and improve energy efficiency.

• Published: May 2024

Energy Management Systems Market Size & Share - Future Growth Expectations

The global energy management systems market size is expected to reach USD 75.6 billion by 2028 from an estimated USD 40.7 billion in 2023, at a CAGR of 13.2% during the forecast period. The major factors driving the growth of this market include the increased energy usage and price volatility, rising installation of smart grids and smart meters, and government initiatives to combat climate change and improve energy efficiency.

• Published: May 2024

Food Additives Market Size & Share - Future Growth Expectations

The global food additives market size is estimated to be valued at USD 73.4 billion in 2023 and is projected to reach USD 96.3 billion by 2028, recording a CAGR of 5.6% in terms of value. The demand for food additives is on the rise due to surge in demand for food additives propelled by evolving consumer preferences, increased consumption of processed foods, and the desire for extended shelf life. As the food industry innovates to meet diverse needs, the use of additives becomes integral to enhancing flavors, textures, and overall product quality.

• Published: May 2024

Food Additives Market - Forthcoming Trends to Fuel the Global Growth

The global food additives market size is estimated to be valued at USD 73.4 billion in 2023 and is projected to reach USD 96.3 billion by 2028, recording a CAGR of 5.6% in terms of value. The demand for food additives is on the rise due to surge in demand for food additives propelled by evolving consumer preferences, increased consumption of processed foods, and the desire for extended shelf life. As the food industry innovates to meet diverse needs, the use of additives becomes integral to enhancing flavors, textures, and overall product quality.

• Published: May 2024

Blue Ammonia Market Size & Share - Future Growth Expectations

The global blue ammonia market size is expected to reach USD 7,664 million by 2030 from an estimated USD 78 million in 2023, at a CAGR of 62.3% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Top Companies in Physical Security Information Management (PSIM) - Everbridge (US) and Advancis (Germany)

The global physical security information management (PSIM) market size is projected to grow from USD 3.5 billion in 2024 to USD 4.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The expansion of physical security information management is propelled by the imperative for organizations to fortify their defenses against increasingly sophisticated threats. With the convergence of cyber and physical risks, the demand for robust PSIM solutions grows.

Additionally, the necessity for streamlined operations and enhanced situational awareness across diverse security systems drives the adoption of PSIM, enabling organizations to proactively address evolving security challenges while optimizing resource allocation and response capabilities.

• Published: May 2024

Top 10 High & Medium Voltage Products Market Size & Share - Future Growth Expectations

The global top 10 high and medium voltage products market is projected to reach USD 349.7 billion by 2028 from an estimated USD 264.1 billion in 2023, at a CAGR of 5.8% during the forecast period. Furthermore, investments in improving and expanding power grid infrastructure, such as smart grids and grid modernization projects, necessitate the use of high-quality equipment such as transformers, switchgear, and circuit breakers to ensure reliability and efficiency. As a result, these factors have a substantial impact on the market demand for high and medium voltage products.

• Published: May 2024

Hydrogen Generation Industry - Forthcoming Trends to Fuel the Global Growth

The global hydrogen generation market is projected to reach USD 257.9 billion by 2028 from an estimated USD 158.8 billion in 2023, at a CAGR of 10.2% during the forecast period. The hydrogen generation market refers to the industry that produces hydrogen gas using a variety of technologies, including steam methane reforming, electrolysis, biomass gasification, and others. Hydrogen is a versatile energy carrier with potential applications in fields such as transportation, industry, and energy storage. The market includes companies that manufacture hydrogen generation equipment, develop hydrogen production technology, and offer related services. With rising interest in hydrogen as a sustainable energy source and initiatives to decarbonize many industries, the hydrogen generation business is expanding and innovating rapidly.

• Published: May 2024

Seed Coating Industry - Forthcoming Trends to Fuel the Global Growth

The seed coating market is estimated at USD 2.38 billion in 2025 and is projected to reach USD 3.52 billion by 2030, at a CAGR of 8.2%. This growth is primarily fueled by the continuous introduction of innovative seed coating technologies and formulations, aimed at improving seed quality, optimizing crop performance, and promoting sustainability in agriculture.

Key technological advancements, including precision coating technologies, controlled release coatings, bio-polymer-based coatings, and nanocoatings, are driving the market's advancement.

• Published: May 2024

Hydrogen Generation Market Size & Share - Future Growth Expectations

The global hydrogen generation market is projected to reach USD 257.9 billion by 2028 from an estimated USD 158.8 billion in 2023, at a CAGR of 10.2% during the forecast period. The hydrogen generation sector is expanding and innovating rapidly as the focus shifts to renewable energy and a low-carbon economy. Governments, companies, and investors are increasingly realizing hydrogen's promise as a sustainable energy option for a wide range of uses, including transportation, manufacturing, and energy storage.

• Published: May 2024

Seed Coating Market Size & Share - Future Growth Expectations

The seed coating market is estimated at USD 2.38 billion in 2025 and is projected to reach USD 3.52 billion by 2030, at a CAGR of 8.2%. This growth is primarily fueled by the continuous introduction of innovative seed coating technologies and formulations aimed at improving seed quality, enhancing crop performance, and promoting sustainability in agriculture.

• Published: May 2024

Artificial Lift Industry - Emerging Trends to Fuel the Global Growth

The global artificial lift market is expected to reach USD 9.0 billion by 2028 from an estimated USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Cryogenic Equipment Industry - Forthcoming Trends to Fuel the Global Growth

The global Cryogenic Equipment Market size was valued at $11.9 billion in 2023 to reach $16.6 billion by 2028; it is expected to record a CAGR of 6.9% from 2023 to 2028. The expanding need for cryogenic gases in many industries, technological improvements in cryogenic applications, and the increasing usage of LNG as a clean fuel alternative all contribute to the demand for cryogenic equipment.

• Published: May 2024

Artificial Lift Market Size & Share - Future Growth Expectations

The global artificial lift market size is expected to reach USD 9.0 billion by 2028 from an estimated USD 7.3 billion in 2023, at a CAGR of 4.4% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Cryogenic Equipment Market Size & Share - Future Growth Expectations

The global cryogenic equipment market is projected to reach USD 16.6 billion by 2028 from an estimated USD 11.9 billion in 2023, at a CAGR of 6.9% during the forecast period. The Cryogenic Equipment Market refers to the industry that manufactures and distributes equipment designed to work at extremely low temperatures, often below -150°C (-238°F). Cryogenic equipment includes storage tanks, valves, pumps, vaporizers, and other components used to store, transport, and handle liquefied gases such as nitrogen, oxygen, argon, and LNG (liquefied natural gas).

• Published: May 2024

Cheese Powder Market Size & Share - Future Growth Expectations

The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028. The consumption pattern of cheese is observed to shift from the traditional way to more advanced and innovative way such as consumption of low fat and low sodium cheese powders which would impart more flavor to their food products. Thus, cheese powders are expected to be accepted and grow at a good pace in the coming years. The cheese powder industry is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese powder manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe.

• Published: May 2024

Cheese Powder Market - Forthcoming Trends to Fuel the Global Growth

The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028. The consumption pattern of cheese is observed to shift from the traditional way to more advanced and innovative way such as consumption of low fat and low sodium cheese powders which would impart more Flavors to their food products. Thus, cheese powders are expected to be accepted and grow at a good pace in the coming years. The cheese powder market is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese powder manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe.

• Published: May 2024

Grid-forming Inverter Industry - Emerging Trends to Fuel the Global Growth

The global grid-forming inverter market is expected to reach USD 1,042 million by 2028 from an estimated USD 680 million in 2023, at a CAGR of 8.9% during the forecast period. The major factors driving the growth of this market include the global transition towards clean and sustainable energy solutions, as well as the need for technologies that can enhance grid stability, reliability, and resilience in the face of evolving energy challenges.

• Published: May 2024

Grid-forming Inverter Market Size & Share - Future Growth Expectations

The global grid-forming inverter market size is expected to reach USD 1,042 million by 2028 from an estimated USD 680 million in 2023, at a CAGR of 8.9% during the forecast period. The major factors driving the growth of this market include the global transition towards clean and sustainable energy solutions, as well as the need for technologies that can enhance grid stability, reliability, and resilience in the face of evolving energy challenges.

• Published: May 2024

Solid Oxide Fuel Cell Industry - Emerging Trends Making Great Impact

The global solid oxide fuel cell market is projected to reach USD 5.4 billion by 2028 from an estimated USD 1.4 billion in 2023, at a CAGR of 31.0% during the forecast period. The solid oxide fuel cell (SOFC) market encompasses the manufacturing, development, and commercialization of solid oxide fuel cell technology. SOFCs are a form of fuel cell that uses a solid oxide electrolyte to generate electricity by oxidizing a fuel, usually hydrogen or hydrocarbon-based, at high temperatures.

• Published: May 2024

Solid Oxide Fuel Cell Market Size & Share - Future Growth Expectations

The global solid oxide fuel cell market is projected to reach USD 5.4 billion by 2028 from an estimated USD 1.4 billion in 2023, at a CAGR of 31.0% during the forecast period. SOFCs' market has been continuously rising due to its high efficiency, low emissions, and potential for usage in a variety of applications, including stationary power generation, portable power systems, and combined heat and power (CHP) units for residential and commercial buildings.

• 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

Healthcare Simulation Industry - Emerging Trends Making Great Impact

The global healthcare simulation market is projected to reach USD 4.6 billion by 2028 from USD 2.2 billion in 2023, at a high CAGR of 15.7% during the forecast period. The expansion of this market is fueled by the increasing adoption of advanced techniques and methodologies in delivering medical education, along with restricted patient access during medical training. Nevertheless, the market's growth is anticipated to be somewhat hampered by the constrained availability of funds and incomplete replication of medical simulators.

• 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