The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033. The smart motors market has been witnessing significant growth in recent years, driven by the increasing adoption of industrial automation and the integration …
Monthly Archives: March 2024
Global Vaccine Transport Carrier Market Set for Rapid Growth Amid Increasing Demand for Immunization
The global vaccine transport carrier market, which facilitates the safe and efficient transportation of heat-sensitive vaccines from one site to another, is poised for rapid growth in the coming years. Vaccine carriers play a crucial role in immunization programs, particularly in remote areas, where maintaining the cold temperature of vaccines is essential to their effectiveness. …
Rising Demand for Activated Alumina: Catalyst for Growth in Global Market to Surpass US$ 1,465.0 Million by 2032, Finds Latest Market Analysis
The global activated alumina industry is predicted to reach a valuation of US$ 1129.6 Million in 2032 with sales growing at a moderate CAGR of 5.8% over the forecast period of 2022 to 2032. In 2022, the activated alumina market is estimated at a value of US$ 642.8 Million. Activated alumina’s high porosity leads to a surge …
Automotive Wheel Hub Bearing Aftermarket Set for 5.0% CAGR Growth, Valued at US$1,810.7 Million by 2033
Global aftermarket automotive wheel hub bearing sales are set to total over US$ 1,114.2 million in 2023, as per Future Market Insights (FMI). The Automotive Wheel Hub Bearing Aftermarket is expected to expand at a value CAGR of 5.0% from 2023 to 2033, reaching a valuation of US$ 1,810.7 million by 2033. Rising demand for …
Global Plastic Compounding Industry Set to Soar: Projected Market Value to Reach US$ 155.196 Billion by 2033, Fueled by an 8.3% CAGR
By the end of 2023, the global plastic compounding industry is anticipated to have a market value of US$ 69.919 billion, with a CAGR of 8.3% from 2023 to 2033. By 2033, the plastic compounding industry is expected to be worth roughly US$ 155.196 billion. Increasing Popularity of High-Performance Materials in the Market In several sectors, including …
Global Vaccine Shippers Market Poised for Substantial Growth Amid Rising Demand for Advanced Shipping Packaging
The global vaccine shippers market, which encompasses temperature-controlled storage containers crucial for transporting vaccines worldwide, is experiencing significant growth as demand surges for advanced shipping packaging solutions. Vaccine shippers play a vital role in ensuring the safe transportation of vaccines, protecting them against temperature changes and physical damage during transit, thereby enabling pharmaceutical companies to …
Global Automotive Door Latch and Hinges Market Set for 5.4% CAGR Surge by 2033
According to Future Market Insights’ (FMI) analysis, the global automotive door latch and hinges market is anticipated to reach US$ 35.6 billion in 2023. Over the projection period, automotive door latch and hinge demand is set to thrive at 5.4% CAGR. By 2033, total market value is forecast to reach US$ 60.3 billion. Rapid expansion …
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Global Automotive E-Compressor Market Poised for 11.3% CAGR Growth, projected to Hit US$ 5,048.5 Million by 2033
The automotive e-compressor market is predicted to be worth US$ 1,730.7 Million in 2023 and rise to US$ 5,048.5 Million by 2033. The global industry was expanding at a CAGR of 7.3% from 2018 to 2022. The demand for automotive e-compressor is driven by the increased popularity of vehicle electrification or hybridization during the projected …
Plastic Lab Totes Market Poised for Remarkable Growth by 2031, Driven by Circular Economy Initiatives and Shift Towards Reuse Model
The plastic lab totes market experienced significant growth in 2021, with worldwide revenues reaching unprecedented levels. A new forecast suggests that the market is on track for substantial expansion, with revenues projected to nearly double by 2031. This remarkable growth is attributed to various factors, including the increasing adoption of circular economy principles and a …
Global Excavators Market Poised for Remarkable Expansion, Projected CAGR of 5.2% Envisions a Valuation Surge to US$ 123.30 Billion by 2033
The global excavators market is anticipated to register considerable growth, exhibiting a CAGR of 5.2% from 2023 to 2033. According to the research report published by FMI, the market is likely to hit a valuation of US$ 74.27 billion in 2023 and US$ 123.30 billion by 2033. The construction industry is being fueled by the …