Asia Pacific Electric 3-Wheeler Market Size, Share, Trends, Analysis & Forecast 2028
The Asia pacific electric three-wheeler market is projected to grow from USD 813 million in 2023 to USD 892 million by 2028, registering a CAGR of 1.9%. Government policies have encouraged the production of electric three-wheelers, making them more accessible and affordable. Environmental concerns related to air pollution have also increased the demand for electric three-wheelers, which...
Automotive TIC Market Size, Share & Trends Analysis 2028
The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%. The increasing complexity of automotive technologies and the stringent regulatory landscape have created a strong demand for TIC services in the automotive sector. TIC companies are vital in conducting thorough testing and inspection processes to ensure...
EV Cables Market Size, Share, Trends, Growth and Forecast 2028
The global EV cable market size was valued at USD 8.6 billion in 2023 and is expected to reach USD 19.0 billion by 2028 at a CAGR of 17.2% during the forecast period 2023–2028. EV cables perform different functions in electric vehicles as they aid in signal transmission and powering up of different electronic and electrical devices. EV cables have been the central function of transmitting...
Automotive Ethernet Market Size, Share and Industry Analysis 2028
The global automotive ethernet market size is projected to grow from USD 2.2 billion in 2023 to USD 5.5 billion by 2028, at a CAGR of 19.7%. the increasing adoption of autonomous cars, where high-speed and reliable communication is essential is driving the growth of automotive ethernet globally.
Booming trend of connected cars
The automotive Ethernet market is experiencing significant growth,...
Electric Tractor Market Size, Share, Trends, Demand and Forecast 2030
The Electric Tractor market is projected to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%. The key factors driving the electric tractor market are advancement in battery technology, stringent emission norms, precision agriculture, and incentives on electric tractors are driving the electric tractor market.
Growing stringent emission regulations
The stringent...
Electric Commercial Vehicle Market Size, Share, Trends, Growth and Forecast 2030
The global electric commercial vehicle market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%. The stringent regulations to reduce emissions and promote sustainable transportation practices have incentivized businesses to transition to electric vehicles, aligning with global efforts to combat climate change. Additionally, advancements in...
Digital Oilfield Market worth $43.0 Billion by 2029
The global Digital Oilfield Market is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023 at a CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Digital oilfields play a crucial role in improving operational efficiency, reducing costs, and addressing industry challenges by integrating advanced technologies and data-driven...
Motor Monitoring Market Receive Fuel Flexibility Boost
The Motor Monitoring Market refers to the industry that provides solutions and services for monitoring the performance, condition, and health of electric motors. Electric motors are widely used in various industrial applications such as manufacturing, energy, automotive, and others, and monitoring these motors is critical to ensure their efficient operation, prevent unexpected failures, and optimize...
Servo Motors and Drives Market: An Exclusive Study on Upcoming Trends and Growth Opportunities
The increasing demand for smart manufacturing integrated with energy-efficient devices in the industrial sector is an important driver for the servo motors and drives market.
The global servo motors and drives market size will grow to USD 15.8 Billion by 2027 from USD 12.0 Billion in 2022, at a CAGR of 5.7% during the forecast period.
Key Market Players:
The servo motors and drives market...
Macro to Micro Growth Factors for the Smart Ports Market
The global smart port market is primarily being driven by increasing international maritime trade activities and real-time geospatial data to improve port operations across all ports. A smart port is a port that is equipped with multiple technologies, such as the Internet of Things (IoT), blockchain, and artificial intelligence (AI), which helps its operators and users in improving some or many operations...