The smart sensors market reached a value of USD 52.4 billion in 2023 and is projected to experience a compound annual growth rate of 17.5% between 2024 and 2030. This growth trajectory is anticipated to propel the market to a value of USD 160.3 billion by the end of 2030.This growth of the market can be credited to the fast technical improvements and...
Showing posts with label market trends. Show all posts
Showing posts with label market trends. Show all posts
Timing Devices Market Will Reach USD 8,893.2 Million By 2030
In 2023, the worldwide timing devices market yielded revenue of USD 5,518.8 million, and it is forecasted to experience a compound annual growth rate (CAGR) of 7.3% from 2024 to 2030. By 2030, it is anticipated to reach a total revenue of USD 8,893.2 million.This can be credited to the growing attention of people in electric products, like wearable...
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...
Hybrid Power Solutions Market Will Reach USD 5,020.3 Million By 2030
In 2023, the global market value for hybrid power solutions was approximately USD 2,506.2 million. Forecasts suggest that by 2030, this figure could double, reaching around USD 5,020.3 million, with a projected compound annual growth rate (CAGR) of 10.6% during the period...
Mounted Bearing Market Will Reach USD 2,122.1 Million By 2030
The estimated value of the worldwide mounted bearing market is approximately USD 1,451.0 million in 2023. Projections indicate a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030, with the market expected to reach USD 2,122.1 million by the year 2030.This growth...
Power Grid Market Will Reach USD 409.6 Billion By 2030
The projected revenue for the global power grid market will be approximately USD 281.0 billion in 2023, with an anticipated growth to USD 409.6 billion by 2030. This represents a compound annual growth rate (CAGR) of 5.6% over the period from 2024 to 2030. This growth of...
Wiring Devices Market Will Reach USD 84.9 Billion by the Year 2030
The estimated market size for wiring devices is USD 55.9 billion in 2023, with a projected compound annual growth rate of 6.4% from 2024 to 2030. This growth is anticipated to lead to a market valuation of USD 84.9 billion by the year 2030.This development of the market can...
The APAC Region Had a Considerable Share in the Automotive Camera Market
The total size of the automotive camera market was USD 8,091.4 million in 2023, and it will power at a compound annual growth rate of 11.8% by the end of this decade, to touch a total value of USD 17,326.1 million by 2030.ADAS needs different cameras to perform numerous functions,...
Gravity Energy Storage Market is Booming Due to Rising Adoption of EVs
The gravity energy storage market will generate USD 217.8 million by the end of 2023, which will power at a considerable rate of 77.9% in the years to come, touching USD 12,231.5 million by 2030. This will be because of the robust emphasis on renewable energy resources, acceptance...
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,...
Industrial Safety is Important, here is Why?
Industrial safety is a is very important at any workplace involving construction, processing, manufacturing, or other industrial procedures. It is a set of measures, procedures, policies, and practices directed for guaranteeing the health, well-being, and security of workers,...
Paraxylene Market Will Reach USD 68.3 Billion By 2030
The value of the paraxylene market stood at USD 44.6 billion in 2023, and this number is projected to reach USD 68.3 billion by 2030, advancing at a CAGR of 6.5% during the projection period.This development can be credited to the rising requirement for polyethylene terephthalate...
Exploring the Classification of Biorefinery Systems
A biorefinery can be defined as a facility that incorporates biomass
conversion procedures and equipment to generate power, chemicals, and fuels
from forest, waste, and agriculture feedstock.
By different numerous products, a biorefinery can take benefit of the
accessibility...
Isostearic Acid, A Lot More than the Raw Material for Cosmetics
A beautiful skin is loved by one and all. People do all the things to keep the skin glowing at all times. For this, various skin care products are used. Isostearic acid is a main ingredient in skin care formulations. Though it is synthetically derived, this mimics the configuration of natural skin lipids. With its 18-carbon and branched structure,...
Photocatalytic Coatings Market Is Driven by Growing Construction Sector
The photocatalytic coatings market is estimated to touch USD 984.6 million in 2023, which will touch USD 1,856.7 million, advancing at a 9.6% compound annual growth rate, by 2030. The progression of this industry is mainly because of the rising need for these coatings in...
Growing Environmental Awareness Powering the Robotaxi Market
The robotaxi market is valued at USD 458.9 million (E) in 2023, and it will touch USD 29.2 billion by 2030, powering at a mammoth rate of 82.6% by the end of this decade.An economical and practical form of transportation is offered by robotaxis. With the use of smartphone applications,...
Increasing Customer Spending on Vehicles Boost Automotive Glass Market
The automotive glass market is estimated to touch USD 2,317.8 million in 2023, which will touch USD 3,310.4 million, propelling at a 5.3% compound annual growth rate, by 2030.The progression of this industry is primarily ascribed to the constant rise in automotive manufacturing...
Zinc Chemicals Market Will Reach USD 1,485.6 Million By 2030
The global zinc chemicals market has garnered USD 1,050.5 million in revenue in 2023, and it is projected to rise at the rate of 5.2% from 2024 to 2030, to capture USD 1,485.6 million by 2030. This is mainly credited to the growing utilization of these chemicals in the...
