In 2023, the revenue from the cross-laminated timber market totaled USD 1,376.9 million, with a projected compound annual growth rate (CAGR) of 15.8% through the forecast period. This growth is anticipated to propel the market to reach USD 3,783.7 million by 2030.This is mainly because of its advanced flexibility in design and technique with quicker...
Exploring the Potential of Pumped Hydro Storage Market
The pumped hydro storage market was USD 353.8 billion in 2023, and it will reach to USD 643.9 billion by 2030, powering at a rate of 9.2% by the end of this decade. The important factors powering the industry growth are growing deployment of intermittent renewable energy sources, for example solar and wind power; increasing requirement for grid...
Liquid Air Energy Storage Market is Led by North America
The liquid air energy storage market was USD 1,472.9 million in 2023, and it will rise to USD 4,887.6 million, powering at an 18.8% compound annual growth rate, by 2030.Moreover, it is a long-duration energy storage (LDES), flexible technology. It utilizes air to generate electricity;...
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...
Closed-Loop Stepper Motor Market was Led by the Industrial Machinery
The closed-loop stepper motor market was about USD 2.9 billion in 2023, and it will power at a rate of 4.2% by the end of this decade, touching USD 3.7 billion in 2030. The fast expansion of the robotics and automation industry has heightened the requirement for stepper...
Printing Inks Market Will Reach USD 36.1 Billion By 2030
The printing ink market was valued at USD 20.2 billion in 2023 and is projected to reach USD 36.1 billion by 2030, with a growth rate of 8.9% from 2024 to 2030.During the projection period, the market is projected to grow moderately due to its already huge size. The industry...
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....
