Adaptive Cruise Control Will Reach USD 53.1 Billion By 2030

In 2023, the market for adaptive cruise control is estimated at USD 16.4 billion and will increase to USD 53.1 billion by 2030 with a growth rate of 18.5% over the period 2024 to 2030. This growth of the market can be credited to the rising requirement for autonomous cars due to safety concerns, continuous enhancements in sensor tech, and government rules motivating advanced driver assistance systems are the key market drivers.

Technical developments: The advances in lidar, camera, and radar tech open up the opportunity to grow high-end adaptive cruise control systems at a reasonable price. Such growth will additionally speed up the acceptance of adaptive cruise control in the coming few years.

Increasing government rules: Governments globally understand the vital role of ADAS features in public road safety and accept laws that need or indorse their use on new cars. Such rules are projected to surge the need for adaptive cruise control in the coming few years.

The addition of pioneering tech is a key trend in the sector targeting advancing safety, along with fuelling general system performance. Makers continued to add AI and ML algorithms to permit adaptive cruise control systems to adapt to numerous multifaceted driving patterns. Such growths were aimed at making adaptive cruise control more suitable in numerous road conditions and traffic conditions, contributing to a safer and smoother experience of driving.

On the basis of end-use, the OEMs category, generated the larger revenue share in the market. Probably, it is happening because of the fact that a number of adaptive cruise control systems that are integrated with regular automobile producers (OEMs) reached the market either as a standard or optional feature. 

The inclusion of adaptive cruise control under standard service calls shows its proliferation among car owners. Further, the obligation of the automotive sector to further safety and automation consequentially accords adaptive cruise control with its central place as a shaping force of automation nowadays. One element of progress, which is combined with the expansion of consumer interests, will create the system to accelerate the development of markets.

Based on application, the passenger cars category is the largest contributor to the market. This can be credited to the severe government guidelines to equip vehicles with driver assistance systems to advance vehicle security. Furthermore, the rising vehicle production throughout the globe is also a key factor for the largest share of this category.

North America is the largest contributor to the industry. This can be primarily because of the growing demand for commercials & luxury vehicles and strict government rules imposed to control motor accidents in the continent.

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Particle Counters Market Will Reach USD 1,069.6 Million by 2030

The projected value of the worldwide particle counters market will be approximately USD 549.1 million in 2023, with an anticipated growth to reach USD 1,069.6 million by 2030. This represents a compound annual growth rate (CAGR) of 10.2% over the period from 2024 to 2030.

The growth of end-use sectors, such as automotive, aerospace, energy, and oil & gas, has been eased by supportive funding conditions. Moreover, the growing acceptance of pioneering technologies in the industrial and healthcare industries is driving the industry. 

Additionally, the execution of severe governing strategies to guarantee the best quality of items, particularly food items, is a key reason for helping the particle counters industry expansion.

The particle counters market is expected to experience growth throughout the forecast period, driven by the enforcement of regulations aimed at enhancing air pollution monitoring and management by governmental bodies. Similarly, there is a rising trend of governments imposing stringent regulations to uphold water quality standards. This is a response to the noticeable deterioration in air and water quality, primarily attributed to the increasing levels of industrialization over the years.

In 2023, the airborne category held the larger share, of more than 70%, this can be credited to the substantial usage of airborne particle counters in an extensive variety of sectors, like electronics, pharmaceutical, and biotechnology. Additionally, within this category, portable counters are significantly utilized for air quality tracking. This is mainly because they offer reliable, user-friendly tech for real-time cleanroom particle counting. The confined display of the portable type permits workers to view the count without leaving the cleanroom, which gives an instant warning of the pollution risk. In-depth communication and info organization choices are also built into these systems.

Cleanroom panels are essential in industries where tiny particles can disrupt production processes, regulating factors like temperature, pressure, humidity, and contamination levels. Cleanrooms, which come in various sizes and complexities, are particularly critical in sectors 

like biotechnology and pharmaceuticals, where stringent controls are necessary. 

The quality of the final product is significantly influenced by the cleanroom environment. The widespread use of cleanrooms across industries underscores the importance of monitoring, leading to an increased demand for particle-counting devices to uphold sterility within these facilities.

Hence, the market for particle counters is growing with rapid industrialization and rising water and air pollution.

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Compressed Air Energy Storage Market is Powered by the increasing Global Population

The compressed air energy storage market was about USD 6,027.4 million in 2023, and it will reach USD 26,605.3 million by 2030, powering at a rate of 23.7% by the end of this decade. 

This is credited to the surge in the population and the subsequent surge in the power demand. As per the reports, global energy consumption increased from about 122.8 TWh in 2000 to more than 178.8 TWh in 2022.

On the basis of type, the diabatic category led the industry with 45%. Share. A D-CAES system compresses air and stows it in physical underground voids, for example salt caverns; or further appropriate media, such as hard rocks, aquifers, and underdevelopment gas fields. 

The stowed energy can produce electricity by heating air, by burning natural gas. This extra heat causes the air to expand, driving the conventional gas turbines, producing the generators to produce electricity.

D-CAES plants normally have lower operational costs as opposed to adiabatic and isothermal plants, making them further reasonable in the long run. Though, they are not much-friendly toward the environment as they depend on gas combustion. 

Furthermore, even though this system accomplishes a competence of only 50%, it is the most prevalent, as in 2020, it was the only marketed variant globally.

The isothermal category will grow at a rate of 23.9% in the years to come, as this method can attain a flawless or nearly textbook heat exchange with the environs. 

This is for the reason that it lets for twice the amount of air compression as opposed to adiabatic systems. It is for this reason, the lasting expenses on an isothermal CAES system are approximately 14% lower than that of traditional procedures.

The energy management category will lead the compressed air energy storage market of over USD 9 billion. Energy management is a methodical procedure concerning the monitoring and enhancement of energy use in a building, to decrease the overall consumption and indirect GHG emissions. 

This procedure consists of more than a few key steps, for example incessant data collection & analysis for identification of prospects to advance energy competence through enhancing equipment schedules and flow rates and setting parameters.

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APAC Is Dominating Cryogenic Pump Market

In 2021, the cryogenic pump market size stood at USD 1,407.6 million, which is projected to witness a 3.1% CAGR during 2021–2030, reaching USD 1,860.1 million by 2030. 

P&S Intelligence majorly credits this growth to the increasing installation of such pumps in the metallurgy, chemicals, and electronics sector. Along with, the surge in expenditure throughout the energy generation industry armed with the shift toward energy production from renewable and natural gas resources to reduce carbon emission.

The nitrogen category is all set to experience the fastest growth rate of approximately 3%, in the near future. This can be owed to the extensive utilization of nitrogen gas for the maintenance of plants, and start-up and shutdown provisions of refineries and petrochemical companies.

Thus, the increasing utilization of nitrogen gas in numerous industries, including metallurgy, healthcare, and oil and gas, is escalating the acceptance of cryogenic pumps for capturing the gas and its vapor from the base.

The oil and gas sector is the largest utilizer of cryogenic pumps in the industry, owing to the increasing production of natural gas because of its rising demand from the special chemical, petrochemical, fertilizer, and refining industries.

In 2021, APAC cryogenic pump market  was largest revenue generator, with USD 538.2 million, and projected to continue its dominance in the future as well. This can be credited to the rapid urbanization; the growth in industries, including energy & power and metallurgy in Japan, China, and India, and the escalation in the requirement for power across the region. Additionally, in India, the government is preparing to guarantee a 24*7 electricity supply.      

In order to get this target, the country needs to improve its energy generation systems. Therefore, the government is focusing more on natural gas-fired power plants, which, indeed, will grow the demand for cryogenic pumps in the coming few years.

Hence, the increasing installation of such pumps in the metallurgy, chemicals, and electronics sector, the demand for cryogenic pumps will increase in the future.

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All You Need to Know About Polymethyl Methacrylate

Polymethyl methacrylate is common for manufacturing plastic all over the globe.  It has a lot to do with its high transparency. 

The characteristics of PMMA are notable for the people, it is an extremely translucent, material offering high impact and ecological resistance, making it an outstanding substitute for glass in uses where shatter resistance is a favored trait. This is majorly used in windscreens, architectural applications, aquarium windows, electronics, and even medical implants.

Because of more than a few uses for PMMA, it is significant for product teams to fully comprehend the main features of this material to leverage its benefits.

Defining Polymethyl Methacrylate Acrylic?

PMMA is formed with the help of polymerization, which includes placing the methyl methacrylate monomers into a mold with a catalyzing agent. This lets PMMA to be formed into  more than a few shapes, ranging from large sheets and blocks to small pellets and granules.

 What are the Various Advantages?

A key advantage of PMMA is the scratch resistance. It is suitable to optical lenses and devices, as the material will splinter, shatter, or cause harm to skin or eyes if the lens break. Parts which are made from PC, in contrast, are more prone to scratching the longer they are put to use.

PMMA is additionally brittle than PC, as it remains stiff and cracks when impacted. While PMMA does offer some shatter resistance, PC can offer much better impact strength, and in some applications, these 2 qualities can be used. Display windows, might be crafted from an outer layer of scratch- and shatter-resistant PMMA and an innermost layer of a highly impact-resistant material like PC.

What is Polymethyl Methacrylate Resin

PMMA also offers a profitable alternative to PC when a given use would benefit from superior tensile strength, light transmissibility, surface polishability, and UV resistance. PC is a more expensive to manufacture with and is better suitable for applications that entail high impact strength and heat and chemical resistance.

PMMA is an extremely versatile thermoplastic resin renowned for being robust, lightweight, and cost-effective substitute for more than a few applications where glass may or else be used. Though, this weather-resistant material also occurs to be biocompatible, which is leading to its usage in a lot of medical devices as well. There is a plethora of reasons one may want to consider with the use of PMMA for your product, but eventually, it is up to a person to regulate which materials are best suitable for your parts, preferably with the help of a reliable manufacturing partner.

Coming to a Concrete Conclusion

It is because of the growing automotive industry with rising use of electric vehicles all over the world, and the growing demand for injection-molded plastics in the health care sector, the demand for polymethyl methacrylate is on the rise. The total demand for this will reach a value of USD 8,946.1 million by the end of this decade.

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Recycled Carbon Fiber Market Will Reach USD 310.3 Million by 2030

 The size of the recycled carbon fiber market will power at a compound annual growth rate of 7.9% during 2022-2030, to touch a value of USD 310.3 million by 2030.

The cost of recycled carbon fiber is lower than virgin carbon fiber. Stiffness, endurance, heat, fatigue, and corrosion resistance are some of the beneficial properties of this material. It helps automakers to produce low-cost mass-market electric vehicles, as well as reduce the weight and space requirement for batteries.

Carbon fiber is mainly used in making lightweight components such as, spacecraft and aircraft parts, golf club shafts, racing car bodies, bicycle frames, automobile springs, fishing rods, sailboat masts, and many others.

The automotive and transportation category witnessed a CAGR of 10% in the years to come. This is owing to increased cooperation between automotive manufacturers and RCF producers. 

Recycled carbon fiber composites are highly malleable and can be molded into any shape. Major automotive manufacturers like BMW and Volvo, are heavily investing on this malleable material to produce premium and luxury vehicles.

The automotive industry is using more recycled carbon fiber than before because of increase in the usage of the technologies such as, non-destructive testing and composite recycling. This is due to auto parts made with this material can help in reducing energy and fuel consumption and increase the safety of vehicles as well.

The U.S. Department of Energy's Vehicle Technologies have discovered that integrating bio-based epoxies and an anhydride hardener into carbon fiber components can develop an entirely recyclable material.

This advancement allows the recycling process, termed as methanolysis, by creating materials that are more easily degradable at room temperature without compromising the quality of the fiber.

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