Energy Efficient Motor Market Size, Share, Trends, Growth & Forecast 2028
The global Energy Efficient Motor Market is projected to reach USD 59.3 billion in 2028 from USD 41.7 billion in 2023 at a CAGR of 7.3% during the forecast period. An energy efficient motor is a type of electric motor that is designed to consume less electrical energy while providing the same level of output as a standard motor. Energy-efficient motors help achieve significant energy savings,...
Automotive Engineering Services Market Size & Forecast 2028
The global automotive engineering services market in terms of revenue was estimated to be worth $153.2 billion in 2022 and is poised to reach $243.9 billion by 2028, growing at a CAGR of 8.1% from 2022 to 2028. Automotive engineering service providers provide services such as concept/research, designing, prototyping, system integration, testing, among others to various global OEMs and component...
Weigh-In-Motion System Market Size, Share & Trends 2027
The weigh-in-motion system market is projected to reach USD 1.8 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 10.0% during the forecast period. A weigh-in-motion (WIM) system records information on the weight, speed, length, and class of the moving vehicle. Weigh-in-motion scales provide a number of benefits over conventional static weight scales. By weighing moving vehicles,...
Perimeter Security Market Size worth approximately $114.2 billion by 2029
According to a research report “Perimeter Security Market by Component (Systems & Services), System (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarm & Notification Systems, Barrier Systems), Services Region – Global Forecast to 2029″ published by MarketsandMarkets, the global Perimeter Security market size is...
Railway Management System Market worth $87.3 billion by 2029 – Exclusive Report by MarketsandMarkets™
According to a research report “Railway Management System Market by Offering (Solutions, Services), Solutions (Rail Operations Management, Rail Traffic Management, Rail Asset Management, In-train Intelligent Solutions) and Region – Global Forecast to 2029″ published by MarketsandMarkets, the railway management system market size is projected to grow from from USD 57.1...
Automotive Steering System Market Size, Share, Growth, Trends and Forecast 2027
The automotive steering system market was valued at USD 35.3 billion in 2022 and is expected to reach USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period 2022–2027. With emissions standards becoming more stringent automotive electrification is imminent. The rapid adoption of Electric Vehicles (EVs) worldwide creates a huge demand for Electrical Power Steering (EPS) and steer-by-wire...
EV Platform Market Size, Share, Growth & Demand 2030
The EV platform market is estimated to grow from USD 9.0 billion in 2022 to USD 68.0 billion by 2030 at a CAGR of 28.7% over the forecast period. Increase in demand for electric vehicles globally, a shift from conventional ICE vehicles to electric vehicles, continuously declining prices of Li-ion batteries, and ease of development and use the EV platforms compared to electric vehicle models....
Unlocking Growth : Risk Analytics Industry
According to a research report “Risk Analytics Market by Offering (Software (ETL Tools, Risk Calculation Engines, GRC Software), Services), Risk Type (Strategic Risk, Operational Risk, Financial Risk, Regulatory Risk), Risk Stages, Vertical and Region – Global Forecast to 2029″ published by MarketsandMarkets, the market for risk analytics is estimated to grow from...
Crafting Culinary Excellence: The Role of Non-Meat Ingredients in Redefining Meat Products
In the dynamic landscape of the global food industry, non-meat ingredients emerge as silent heroes, transforming ordinary meat products into culinary masterpieces. A recent research report by MarketsandMarkets forecasts a remarkable trajectory for the non-meat ingredients market size, with anticipated growth from USD 41.2 billion in 2024 to USD 51.1 billion by 2029, driven by a robust Compound Annual...
Functional Food Ingredients Market: Size, Share, and Growth
The global functional food ingredients market size, valued at USD 119.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 165.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.8% during the forecast period. Escalating consumer awareness regarding health and wellness has significantly bolstered the demand for the functional food...