The electrified aircraft propulsion market is expected to grow at a CAGR of 12%, expanding from USD 6.5 billion in 2023 to USD 20.3 billion by 2033. Growth in this sector is fueled by the increasing demand for cleaner, greener aircraft, advancements in sophisticated air transportation, and the pursuit of alternative energy sources. However, implementing …
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Automotive Turbocharger Market in South Korea: Key Drivers and Insights for Growth | FMI Reports
The adoption of automotive turbochargers in Korea is expected to grow at a strong CAGR of 9.3%, with the market value reaching USD 1,499.4 million by 2033, up from USD 614.4 million in 2023. The increasing demand for fuel-efficient vehicles and luxury cars is driving this growth in Korea. In 2022, the automotive turbocharger market in Korea was valued at USD …
Automotive Turbocharger Market in Japan: Key Drivers and Insights for Growth | FMI Reports
The demand for automotive turbochargers in Japan is projected to grow at a robust CAGR of 10.1% between 2023 and 2033. Sales of automotive turbochargers in Japan are expected to reach USD 1,250.34 million by 2033, a significant rise from USD 477.70 million in 2023. The Automotive Turbocharger Market in Japan is set to experience significant growth, driven by the country’s technological advancements, …
Automotive Turbocharger Market in Western Europe: Key Drivers and Insights into Growth | FMI Reports
Automotive Turbocharger in Western Europe The adoption of automotive turbochargers in Western Europe is projected to experience …
The Automotive Interior Leather Industry in Western Europe: Key Drivers and Growth Insights | FMI Reports
Automotive Interior Leather Industry in Western Europe In Western Europe, the market for automotive leather interiors is expected to …
Automotive Interior Leather Market in Korea: Key Drivers and Insights into Growth | FMI Reports
The demand for automotive interior leather in Korea is rapidly growing, driven by the increasing consumer preference for vehicles with premium interiors and enhanced flexibility. The Korean automotive interior leather market was valued at USD 1,246.1 million in 2022, and it is expected to reach USD 1,298.8 million in 2023, with projections indicating a rise to USD 1,933.0 million by 2033. …
Facility Management Services Market Poised to Reach USD 79.3 Billion by 2033 with Steady Growth in Outsourced and In-House Services
The global facility management services market is projected to grow at a CAGR of 5.4% over the next decade, increasing from USD 46.9 billion in 2023 to USD 79.3 billion by 2033. Facility management services play a critical role in optimizing facility operations and enhancing business processes, with outsourced services dominating the market due to …
PV Inverter Market Expected to Surpass USD 2.8 Billion by 2033, Driven by Demand for Renewable Energy and Technological Innovations
The global PV inverter market, valued at USD 1.5 billion in 2023, is projected to grow at a CAGR of 6.4%, reaching over USD 2.8 billion by 2033. This growth is propelled by the increasing adoption of renewable energy, frequent power outages, and emerging technologies. Urbanization and government-led initiatives also play significant roles in expanding …
Organic Friction Modifier Additives Market Set for Robust Growth, Driven by Demand Across Automotive and Industrial Applications
The Organic Friction Modifier Additives Market is on a solid growth trajectory, fueled by increasing demand for efficient and sustainable lubrication solutions across various sectors, particularly in automotive and industrial applications. This market is expected to expand significantly, driven by the need for performance-enhancing additives in lubricants and engine oils, as industries seek to …
Transportation Coating Market: Growing Demand for Durability and Aesthetics Fuels Expansion
The transportation coating market is set to experience significant growth as increasing demand for high-performance coatings, driven by the need for durability, aesthetics, and environmental regulations, propels market expansion across the globe. Market Overview: The transportation coating market is projected to expand substantially over the next decade, fueled by a surge in demand for durable, …