New Product Development
In 2022, traction motor sales on a global scale were estimated to be 11.7 billion. Between 2022 and 2032, the overall demand is anticipated to grow at a CAGR of 13.0%, exceeding a valuation of 30.0 Billion. The market for traction motors has experienced growth, which may be attributed to the rising demand from a variety of …
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The global absorbent glass mat(AGM) battery market is estimated to garner US$ 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 11.2 Billion in 2022. The number of research and development …
Future Market Insights states that the global market environment testing, inspection, and certification is projected to reflect a healthy CAGR over the forecast period, 2017-2026. The growth of the global environment testing, inspection, and certification market is mainly secured by various macro-economic and micro-economic factors. With the growing need to deliver product observation with the stringent standards and regulations …
According to Future Market Insights (FMI), the EMC shielding and test equipment market is forecasted to reach a net worth of US$ 11 Bn in 2032 from US$ 7.1 Bn in 2022. It is estimated to register a robust CAGR of 4.5% over the forecast years. Due to the surge in the use of consumer communication devices, there has been a rise in …
During the forecast period, the desiccant wheel market is anticipated to register a CAGR of 5.1 percent (2022 – 2032). The market for desiccant wheels is anticipated to be worth US$ 431.5 million in 2022 and US$ 708.4 million by 2032. As per the desiccant wheel market study, because of growing carbon dioxide levels and rising atmospheric temperatures, the general humidity content of the atmosphere has altered …
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In 2021, the market for hazardous area equipment was estimated to be worth US$ 8.84 billion. By 2032, it is anticipated to be worth US$ 15.43 billion, growing at a CAGR of 5.2 percent. Factors such as the growing importance of emerging economies result in the rise of a variety of industries that rely heavily on hazardous area equipment, which frequently …
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The global Biocomposites Market is expected to increase at a robust CAGR of 16%, from US$ 25 Bn in 2021 to US$ 128 Bn in 2032. Over the forecast period, the global Biocomposites Market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032. The increased research and development …
With an estimated CAGR of 3% during the projected period, the district cooling market share is expected to reach US$ 1.28 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for energy-efficient cooling technology proportionately reflects on the adoption of district cooling. Asia Pacific and South America, impressive demand for district cooling technology is being observed …
The size of the global DC switchgear market is projected to reach about US$ 14,058.4 Mn by 2022’s end, with a year-over-year (Y-o-Y) growth rate of 6.9%. Additionally, the market is anticipated to grow at a strong CAGR of 7.1% between 2022 and 2032, surpassing a valuation of US$ 27,963.7 Mn by 2032, due to the rise …
[250 Pages] As per the UN, by 2050, those aged 60 and above will account for over 20% of the global population. In other words, the UN says that by 2050 around 130 Mn people will contract osteoarthritis. These numbers point towards growth in the viscosupplementation market in the forecast period. According to the study, a number of …