Variable Frequency Drive Market Will Touch USD 35.34 Billion by 2030

The revenue generated by variable frequency drive market was USD 23.56 billion in 2022, and it will propel at a compound annual growth rate of 5.20% by the end of this decade, to touch USD 35.34 billion by 2030, as mentioned in one of the reports of P&S Intelligence.Variable...

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Surging Automotive Industry Drives Biocomposites Market

Biodegradable polymer serves as the matrix material in biocomposites, which typically also contain bio-fibers as reinforcing elements. Moreover, biocomposites have the following characteristics: low cost, low density, high toughness, acceptable specific strength properties,...

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Why Is China Largest Manufacturer of Commercial Electric Vehicle

The commercial electric vehicle market is experiencing significant growth. The success of the industry is majorly credited to the snowballing apprehensions about greenhouse gas emissions, decreasing cost and increasing operational efficiency of batteries, and also the numerous...

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Edge AI Hardware Market To Reach 4704 Million Units by 2030

The revenue of the edge AI hardware market was 1058 million units in 2022, and it will grow at a rate of 20.50% in the years to come, to touch 4704 million units by 2030, as stated by a market research firm P&S Intelligence.For edge computing, latency is fundamentally non-existent...

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Battery Technology Market Will Reach USD 176.92 Billion By 2030

In 2022, the battery technology market was worth around USD 101.44 billion, and it is projected to advance at a 7.2% CAGR from 2022 to 2030, hitting USD 176.92 billion by 2030, according to P&S Intelligence.This growth can be credited to the growing demand for automotive...

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Application of Corrugated Boxes in These Industries

According to a recent study, corrugated packaging will become more and more popular over the next few years as the industry increasingly places more importance on recyclable and secure packaging. These kinds of containers, which may house everything from substantial industrial...

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Machine Vision Market Will Reach USD 27.86 Billion By 2030

 In 2022, the machine vision market was worth around USD 14.4 billion, and it is projected to advance at an 8.60% CAGR from 2022 to 2030, hitting USD 27.86 billion by 2030, according to P&S Intelligence. This growth can be credited to the growing need for quality inspection...

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