The global electric vehicle (EV) motor market is poised for substantial growth, projected to expand at an impressive CAGR of 21% from 2024 to 2034. Revenue from the EV motor sector is expected to rise from USD 84,995.77 million in 2024 to USD 571,809.04 million by 2034. Currently, the electric vehicle motor market holds a 14.3% share of the total electric vehicles market, which includes …
Monthly Archives: September 2024
FMI Study States Global Vapour Blasting Equipment Market Share to Exceed USD 196.5 Million by 2033, Growing at an Average 5.1% CAGR
The global vapour blasting equipment market is poised for significant growth, with forecasts projecting a valuation exceeding USD 196.5 million by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 5.1% from 2023 to 2033. This anticipated trajectory underscores the resilience and potential of the market. Insights from Future Market Insights, Inc. indicate an initial …
Global Floating Power Plants Market Projected to Drive Past USD 26 Billion Milestone by 2033, Growing Steadily at 9% CAGR
The global floating power plant market is projected to attain a valuation of USD 11.04 billion in 2023 and is expected to reach USD 26 billion by 2033, trailing a CAGR of 9% during the forecast period. The increasing adoption of floating solar plants is projected to drive the global floating power plant market’s growth in the forecast period, supported by …
Global Water Desalination Equipment Market Revenue Share to Surpass USD 22,645.8 Million Mark by 2033, Growing at 8.6% CAGR
The global water desalination equipment market is poised for unprecedented growth, forecasting a promising revenue of USD 22,645.8 million by 2033. This surge is propelled by an impressive Compound Annual Growth Rate (CAGR) of 8.6%, extending through 2033, with the market presently valued at USD 9,924.1 million in 2023. The flourishing global water desalination equipment market not …
Global Compact Construction Equipment Market Size Estimated to Drive Past USD 325.4 Billion Mark by 2033, Growing Steadily at 3.8% CAGR
The global compact construction equipment market is poised for substantial expansion, with a projected valuation of USD 224.1 billion by 2023, laying the foundation for continued growth. Supported by a notable Compound Annual Growth Rate (CAGR) of 3.8% forecasted from 2023 to 2033, a comprehensive analysis conducted by FMI underscores the market’s potential to reach a significant …
Global 5G Testing Equipment Market Share to Exceed USD 20,464.1 Million Mark by 2033, Growing at a CAGR of 26.0% | FMI Analysis
The global 5G testing equipment market is expected to expand at a 26.0% CAGR during the forecast period. The 5g testing equipment industry is anticipated to be worth USD 2,029.0 million in 2023 and exceed USD 20,464.1 million by 2033. The rapid deployment of 5G networks is a primary driver propelling the 5G testing equipment industry. As telecommunication companies globally race to implement …
Global Automotive Plastic Interior Trims Market Size Estimated to Cross USD 44 Billion by 2032, Expected to Grow at 6% to 8% CAGR
As per the report published by FMI, the global automotive plastic interior trims market is projected to have a moderate-paced CAGR varying between 6%-8% during the forecast period. The current valuation of the market is USD 26 Billion in 2022. The market value of automotive plastic interior trims is anticipated to reach a high of USD 44 …
FMI Study States Global Automotive Smart Antenna Market Size Expected to Reach USD 17,316.1 Million by 2034, Growing at a 9.1% CAGR| FMI Reports
The global automotive smart antenna market is forecasted to grow significantly, rising from USD 7,247.7 million in 2024 to USD 17,316.1 million by 2034, with a robust CAGR of 9.1% during this period. The increasing demand for smart antennas across various automobile sectors is expected to continue driving this growth through 2034. The surge in demand for reliable vehicle communication and …
Global E-Rickshaw Market Size Anticipated to Surge Past USD 38360.8 Million Valuation by 2034, Growing at 31.8% CAGR | FMI Study
The global E-Rickshaw market is estimated to be worth of USD 2,425.1 million as of 2024 and is expected to reach USD 38,360.8 million by the year 2034 at a smashing CAGR of 31.8% between 2024 and 2034. E-rickshaws are at a lower risk of mishaps in comparison with cycle rickshaws and traditional rickshaws; as fuel or peddling is not …
FMI Analysis States Global Carbon Capture and Storage (CCS) Market Revenue to Exceed USD 9 Billion by 2032, Growing at 14% CAGR
The global carbon capture and storage market is expected to achieve approximately USD 4.2 Billion in 2022. As carbon capture and storage technologies gain traction worldwide, the market is projected to witness a compound annual growth rate (CAGR) exceeding 14% from 2022 to 2032. This upward trend is anticipated to elevate the market’s value to approximately USD 9 Billion by 2032. …