According to the FMI report, the global micro inverter industry generated USD 1.59 billion in 2021, and is estimated to generate USD 4.36 billion by 2032, witnessing a CAGR of 9.6% from 2022 to 2032.
Technical advantages over conventional solar inverters, design flexibility, and capabilities such as producing optimum power from solar panels drive the growth of the global micro inverter market. However, high cost of installation and maintenance restrains the market growth. On the…
Continue
Added by Latest Market Trends on August 19, 2024 at 1:00pm —
No Comments
The global industrial PC market has exhibited remarkable growth, achieving a commendable valuation of USD 5 billion in 2021. Projections for the period spanning from 2022 to 2032 forecast a robust Compound Annual Growth Rate (CAGR) of 6%, culminating in an anticipated valuation exceeding USD 9.4 billion. This upward trajectory is primarily driven by escalating demand across diverse sectors such as automotive, oil & gas, electronics, and pharmaceuticals.
Industrial PCs have…
Continue
Added by Latest Market Trends on August 19, 2024 at 12:54pm —
No Comments
The global industrial automation market is poised for substantial growth, with projections indicating a valuation exceeding USD 81.4 billion by 2033, driven by a steadfast Compound Annual Growth Rate (CAGR) of 7.2%. Starting with an initial forecasted value of USD 40.6 billion in 2023, the market lays a strong foundation for ambitious expansion in the coming decade.
A significant driver behind this impressive growth trajectory is the unwavering commitment to safety within industrial…
Continue
Added by Latest Market Trends on August 19, 2024 at 12:47pm —
No Comments
As per a new market research report published by Future Market Insights, the global electrical digital twin market is anticipated to increase significantly, progressing from USD 1,085.9 million in 2023 to USD 3,342.7 million by 2033. Throughout this projected period, the market is expected to experience substantial growth with a strong CAGR of 11.9%.
The increased acceptance of innovative technologies such as IoT and cloud for digital twin applications and attractive digital twin…
Continue
Added by Latest Market Trends on August 19, 2024 at 12:42pm —
No Comments
The net valuation of the total sales of refrigeration coolers in 2022 reached USD 3,567.2 million. With a CAGR of 5.6%, the refrigeration coolers market may worth USD 6,409.7 million by 2033.
The growing requirement for food and beverage, meat and poultry processing, and refrigerated warehouses is propelling the demand for refrigeration coolers. Demand for walk-in cooler refrigeration has increased due to changing lifestyles and rising urbanization. Resulting in an increased need for…
Continue
Added by Latest Market Trends on August 19, 2024 at 12:37pm —
No Comments
The district cooling market is poised for substantial growth, projected to surge from USD 29.2 billion in 2023 to a remarkable USD 63.2 billion by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 8.0% from 2023 to 2033.
The escalating demand for district cooling solutions is closely intertwined with the pressing environmental challenges posed by global warming. Observable impacts of climate change, such as earlier tree blooming, premature ice melting on rivers and…
Continue
Added by Latest Market Trends on August 16, 2024 at 11:47am —
No Comments
The aviation industry is soaring toward a greener future, fueled by the booming sustainable aviation fuel market. This market is predicted to reach a staggering USD 61.92 billion by 2033, with a phenomenal 60% annual growth rate.
Why Sustainable Aviation Fuel is Taking Off:
Environmentally Conscious Consumers: Travelers are increasingly demanding eco-friendly solutions. SAF significantly reduces emissions, making it a win for airlines seeking to attract environmentally…
Continue
Added by Latest Market Trends on August 16, 2024 at 11:43am —
No Comments
The gas turbine market is powering forward, projected to reach USD 61.1 billion by 2033, with a CAGR of 4.1%. This surge in demand for efficient and sustainable power generation solutions presents a golden opportunity for energy companies and technology providers to become leaders in the energy transition. But how can your brand navigate to success in this evolving market?
Driving Sustainable and Efficient Power Generation
Championing Technological Innovation: Lead the…
Continue
Added by Latest Market Trends on August 16, 2024 at 11:39am —
No Comments
The global shot blasting machine market size is projected to exhibit incredible growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of USD 1,202.4 million in 2023. It is anticipated to hit a valuation of USD 1,977.2 million by 2033. The market is estimated to showcase a remarkable CAGR of 5.1% from 2023 to 2033.
It is anticipated that rising demand from the automotive industry is likely…
Continue
Added by Latest Market Trends on August 16, 2024 at 11:35am —
No Comments
According to a report by Future Market Insights, the Europe water pumps market is projected to reach a valuation of USD 64.74 billion in 2023. The market is anticipated to secure a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033, with a predicted value of USD 98.6 billion by the end of 2033. This growth trajectory underscores the increasing significance of water supply solutions in addressing environmental challenges and the growing need for efficient water resource management in…
Continue
Added by Latest Market Trends on August 16, 2024 at 11:30am —
No Comments
The painting robots market, with a notable valuation of USD 4.5 billion in 2023, has laid a robust foundation for a promising decade ahead. Projections indicate substantial growth, aiming for a valuation of USD 11 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 9.3%.
A significant driver behind this market surge is the heightened emphasis on worker safety and well-being. Painting robots play a crucial role in achieving this objective by efficiently…
Continue
Added by Latest Market Trends on August 14, 2024 at 12:37pm —
No Comments
The two wheeler accessories aftermarket is poised for substantial growth, with projections indicating a staggering value of USD 45,608.96 Million by the year 2033, accompanied by a robust CAGR of 8.60%. This flourishing sector encompasses a wide array of accessories tailored for motorcycles, scooters, and other two-wheeled vehicles, catering to the diverse needs and preferences of riders.
The integration of technology into two wheelers opens doors for smart accessories. GPS…
Continue
Added by Latest Market Trends on August 14, 2024 at 12:32pm —
No Comments
The global viscometer market is poised to grow significantly, with a projected compound annual growth rate (CAGR) of 6.9%, reaching a valuation of USD 587.3 million by 2031. This growth is driven by increasing applications of viscometers across diverse industries including pharmaceuticals, petroleum, and cosmetics. As these sectors demand precise viscosity measurements to ensure product quality and efficiency, the market for viscometers is expected to expand robustly over the forecast…
Continue
Added by Latest Market Trends on August 14, 2024 at 12:29pm —
No Comments
Projections indicate that the global tower crane rental market is set to achieve a substantial valuation of approximately USD 7.3 billion by the year 2023. This upward trajectory is primarily fueled by the escalating demand for tower crane rentals across a broad spectrum of end-use industries. Looking ahead, it is anticipated that the market will maintain its upward trajectory over the next decade, reaching an estimated value of USD 12.8 billion by 2033. This growth trend is expected to…
Continue
Added by Latest Market Trends on August 14, 2024 at 12:24pm —
No Comments
The global heat shrink tubing and sleeves market, with a valuation of USD 1,995 million in 2022, is experiencing sustained growth, projected to reach USD 2,118 million in 2023. This market has garnered significant attention for its anticipated substantial expansion. Projections indicate a remarkable surge, with the market expected to exceed USD 3,865 million by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2033.
A primary driver behind this…
Continue
Added by Latest Market Trends on August 14, 2024 at 12:08pm —
No Comments
The global cargo bike market is expected to attain a valuation of USD 2.1 Billion in 2023 and is projected to reach USD 4.2 Billion by 2033, expected to rise at a CAGR of 11.6% during the forecast period.
Demand in the United States is predicted to increase at a 9.5% CAGR during the projection period. The country’s e-mobility industry has a well-developed infrastructure and is heavily subsidized by the government. As a result, the United States spends more than any other country in…
Continue
Added by Latest Market Trends on August 13, 2024 at 1:53pm —
No Comments
The electric kick scooter market is anticipated to grow from USD 2,700.9 million in 2023 to USD 8,021.5 million by 2033, reflecting a compound annual growth rate (CAGR) of 11.5% over the forecast period.
This growth is primarily driven by the increasing demand for eco-friendly transportation solutions, spurred by environmental concerns and the push for sustainable mobility options. Supportive government policies and initiatives that promote electric kick scooters as a viable…
Continue
Added by Latest Market Trends on August 13, 2024 at 1:48pm —
No Comments
The global electric cargo bike market is projected to reach a valuation of USD 2.1 billion in 2023 and is expected to grow to USD 6.2 billion by 2033, with a compound annual growth rate (CAGR) of 11.4% during this period.
The rapid expansion of e-commerce has fueled a growing need for efficient last-mile delivery solutions, a demand that electric cargo bikes are well-suited to fulfill. In densely populated urban areas, where traffic congestion and limited parking space can impede…
Continue
Added by Latest Market Trends on August 13, 2024 at 1:39pm —
No Comments
The global elevator and escalator market is anticipated to reach a valuation of USD 69.0 Billion in 2023, driven by vertical farming and agriculture. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.2% between 2023 and 2033, and reaching a total valuation of approximately USD 138.2 Billion by 2033.
One of the major factors contributing to the growth of the elevator and escalator market is the accessibility initiatives. There is an…
Continue
Added by Latest Market Trends on August 13, 2024 at 1:35pm —
No Comments
The automotive glass market is expected to achieve a valuation of USD 3.85 billion in 2023 and is projected to grow to USD 5.70 billion by 2033, with a CAGR of 4% during the forecast period.
The prices of raw materials used in automotive glass production, such as silica, soda ash, and limestone, are highly volatile. These price fluctuations can lead to increased manufacturing costs, which may reduce profit margins and result in higher prices for consumers.
Intense…
Continue
Added by Latest Market Trends on August 13, 2024 at 1:28pm —
No Comments