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With a projected CAGR of 3.20% between 2022 and 2032, the global demand for automotive grade inductors is expected to increase in value from its projected 2022 level of US$ 2,800 Million to US$ 3,836.56 Million. Its robust AC and DC current-resistance feature, as well as its current regulating mechanism, are key drivers of automotive grade inductors …
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Refrigeration compressors find a large number of applications, such as in domestic refrigeration, commercial refrigeration, and in refrigeration systems used in the transportation industry. The major use of a refrigeration compressor is in the process of food preservation. Various refrigeration compressors are available depending upon the type of application, such as in equipment cooling, and …
The global automotive NFC market is anticipated to grow at a CAGR of 30.2 percent from 2022 to 2032, reaching US$ 35 billion. In 2022, the market is expected to be worth US$ 3.26 billion, up from US$ 2.5 billion in 2021. The government’s increasing rules requiring the use of Advanced Driving Assistance Systems (ADAS) are anticipated …
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The global digital signage system market is estimated to be worth US$ 18.73 billion and expected to reach US$ 55.63 billion by 2032. From 2022 to 2032, the demand for digital signage systems is anticipated to increase at a CAGR of 11.5%. A wired or wireless network connectivity platform enhances the system’s capabilities by allowing it …
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The global market for automotive MEMS sensors is anticipated to reach US$ 2.41 billion in 2022 and to grow at a CAGR of 15% to reach US$ 9.75 billion by the end of the assessment period (2022-2032). The global adoption of technologically improved cars is responsible for the market’s expansion. Automotive Micro-Electro-Mechanical Systems Sensors are computer systems that …
As per Future Market Insights (FMI), the Southeast Asia submersible pumps market is expected to reach US$ 1,076.8 Mn in 2032. It is anticipated to showcase steady growth at a CAGR of 5.5% between 2022 and 2032. In 2022, more than 56.9% of the market share is likely to be occupied by bore well submersible pumps in the region owing to their increasing …
The traffic sign recognition system market size is anticipated to reach a valuation of US$ 37.81million in 2022, according to a recent market analysis by Future Market Insights (FMI). The market is anticipated to expand by a CAGR of 3.5% over the forecast period. Traffic sign recognition systems became more sophisticated and work with great precision in the …
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The microgrid market size is anticipated to be worth US$ 19.95 billion in 2022 and US$ 32.19 billion by 2032. Between 2022 and 2032, eBook sales are anticipated to grow at a CAGR of 4.9%. The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming …
Continue reading “Microgrid Market is expected to develop at an 11.4% CAGR between 2022 and 2032”
Latin America hydraulic filtration market size reached US$ 150.1 Mn in 2021 and it is likely to surpass a valuation of US$ 156.4 Mn in 2022. Furthermore, with rising adoption across various end use sectors, the overall demand for hydraulic filtration products across Latin America is expected to rise at 4.9% CAGR between 2022 and 2032, totaling a valuation of US$ 251.9 Mn by …
The global transmission components market is estimated to grow at a CAGR of 5.3% during the forecast period from 2022 to 2032. The market is projected to reach a valuation of US$ 80,279.2 Mn by the end of 2032 from US$ 47,966.7 Mn in 2022. Development of advanced electrical line infrastructure in emerging countries is anticipated to propel the global transmission components …