The global plug-in hybrid electric vehicles (PHEV) market size is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period spanning from 2022 to 2032. In 2022, the market’s estimated value stood at US$ 69,720.5 Million, and it is expected to surge significantly, potentially reaching an impressive …
Monthly Archives: March 2024
Navigating Growth: Projections for the Global Leisure Boats Market Size to Reach US$ 78.4 Billion by 2032
The global leisure boats market size is anticipated to reach a valuation of US$ 78.4 Billion by 2032, with sales growing at a moderate CAGR of 5.8% from 2022 to 2032. Valued at US$ 42.6 Billion in 2021, the target market will likely reach an estimated US$ 44.6 Billion by the end of 2022. Rising …
Power Generator for Military Market Soars to US$ 1,605.3 million by 2033
Military power generators are different from your run-of-the-mill home backup generators. The global power generator for military market is predicted to register a CAGR of 3.6% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 1,127.1 million in 2023 to US$ 1,605.3 million by 2033 end. The technological upgradation in diesel generators is eliciting market …
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Bioprocess Technology Market Booms: Projections Show US$ 106.1 Billion Revenue by 2033 with a 15.1% CAGR
The Bioprocess Technology Market is estimated to grow at a CAGR of 15.1% from 2017 to 2023, when it is expected to reach US$ 25.9 billion. By the end of 2033, it is anticipated to produce US$106.1 billion in revenue. The global Bioprocess Technology Market is anticipated to register an opulent growth opportunity with an exceptional CAGR …
Wireless Charging ICs Market: Robust 16.7% CAGR Growth Propels Towards US$ 13.1 Billion Revenue by 2033
The wireless charging ICs market is anticipated to boom at a strong CAGR of 16.7% between 2023 and 2033. The market is anticipated to cross a market share of US$ 13.1 billion by 2033, while it holds a revenue of US$ 2.8 billion in 2023. As modern-mobile technology penetrates the market space, wireless charging becomes more common in mobile phones, making the …
AI in Fraud Management Market Forecast: Anticipated 18.5% CAGR Growth, Targeting US$ 57.1 Billion by 2033
The AI in fraud management market is set to grow significantly in the coming years. By 2033, it’s estimated that this market will be worth a staggering US$ 57,146.8 million. This growth is expected to happen at an annual rate of around 18.5% between 2023 and 2033. Companies in various industries like manufacturing, banking, healthcare, and more …
Submersible Pump Market Growth: Industry Surges to US$ 19.39 billion by 2033
According to FMI projections, the global submersible pumps market is anticipated to witness substantial growth, with an estimated valuation reaching US$ 19.39 billion by 2033, compared to US$ 11.68 billion in 2023. This growth trajectory indicates a steady increase, with sales of submersible pumps projected to grow at a Compound Annual Growth Rate (CAGR) of 5.2% …
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Agricultural Equipment Market Size Anticipated US$ 171.4 million by 2033
Agricultural equipment encompasses a wide range of machinery and tools used in farming and agricultural activities to enhance efficiency, productivity, and yield. These tools are essential for various tasks such as planting, cultivating, harvesting, irrigation, fertilization, pest control, and livestock management. The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated …
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Fiber Optic Gyroscope Market: Projected Surge to US$ 3.6 Billion by 2033, Showing an 8.4% CAGR
The global fiber optic gyroscope market is estimated to grow at a CAGR of 8.4% from 2023 to 2033. The market is estimated at US$ 1.6 Billion in 2023. The market is projected to reach US$ 3.6 Billion by 2033. Certain developing nations have hiked their defense spending. China and Japan are two emerging markets with considerable demand for fiber optics gyroscopes globally. Additional …
Acoustic Wave Filters Market Forecast: Targeting US$ 29.7 Billion by 2033, Driven by 10.8% CAGR
The global acoustic wave filters market is anticipated to have a valuation of approximately US$ 10.6 billion in 2023. Projections indicate a substantial growth trajectory, with expectations that the market will surge to reach US$ 29.7 billion by the year 2033. This forecast suggests a remarkable Compound Annual Growth Rate (CAGR) of 10.8% from 2023 to 2033. …