Electric Motors Market worth $186.0 Billion by 2027
The
global Electric Motors Market is expected to grow from USD 134.0 billion in 2022 to USD 186.0
billion by 2027, at a CAGR of 6.8% according to a new report by
MarketsandMarkets™. This market is
mainly driven by increasing investments in electric vehicles and development of
manufacturing industry.
Low
voltage motors is expected to be the second largest electric motors market
By voltage,...
Industrial Power Supply Market Expected to Grow $14.5 Billion by 2027
The global Industrial Power Supply Market is expected to grow from USD 10.8 billion in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0% during the forecast period. The growth of the industrial power supply market can be attributed to growing investments in energy-efficient devices in the industrial sectors and the adoption of robots across several industries. The growing sale...
Electric Motor Market to Generate $169.1 Billion Revenue by 2026
The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East and Asia Pacific regions along with growing use of electric motors across major industries is the driving factor...
Hydrogen Generation Market Size to Reach $263.5 billion by 2027
According to a research report “Hydrogen Generation Market by Technology (SMR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation), Source (Blue, Green, Gray), Generation Mode, Region – Forecast to 2027″ published by MarketsandMarkets, the global hydrogen generation market is projected to reach...
Industrial Power Supply Market worth $14.5 Billion in 2027
The
global Industrial Power Supply Market is projected to grow from USD 10.8 billion
in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0% according to a new
report by MarketsandMarkets™. The
growth of the industrial power supply market can be attributed to growing
investments in the energy efficient devices in the industrial sectors and
adoption of robots across several industries. The growing...
Hydrogen Generation Market Opportunities and Challenges
New Revenue Pockets:
The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increased focus on hydrogen based economy for applications such as power generation or fueling cars and buses, that during combustion can cause less carbon emissions. This has led to increased investments...
Advanced Energy Storage Systems Market to Surpass $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. The growth of the advanced energy storage systems
market is attributed to increasing renewable energy investments and growth in
the electric vehicles market globally and regulatory changes demanding energy
efficiency.
The...
Rolling Stock Market Insights, Forecast to 2027
The global Rolling Stock Market is estimated to be $53.8 billion in 2022 and is projected to reach $64.8 billion by 2027, growing at a CAGR of 3.8% from 2022 to 2027.
The growth of the rolling stock market can be attributed to the factors such as increasing urbanization, increasing traffic congestion, rising demand for comfortable journeys and growing preference for shorter journey times. Moreover,...
Advanced Driver Assistance System (ADAS): Technological Revolution Fueling Market Growth
The Global Advanced Driver Assistance System (ADAS) Market is projected to reach USD 74.9 billion by 2030, from USD 27.2 billion in 2021, at a CAGR of 11.9%. The growth of the market is driven by the growing demand for driver assistance systems and stringent safety mandates for a safer driving experience.
Upcoming safety mandates and increasing focus on sophisticated driving assistance features would...
The Key Development Strategies are Adopted by Leading Players for Boosting the Growth of the Carbon Capture, Utilization, and Storage Market
Carbon capture, utilization, and storage are used in a variety of end-use industries, including natural gas, power generation, hydrogen, fertilizers, oil refining, and others. Led by strong end-user demand, the carbon capture, utilization, and storage industry is growing at a rapid pace. However, amidst the global COVID-19 pandemic, the demand for carbon capture, utilization, and storage from...