Energy Efficient Motor Market Share Expected to Reach $59.3 Billion by 2028
The global Energy Efficient Motor Market Share will grow to USD 59.3 Billion by 2028 from USD 41.7 Billion in 2023, at a CAGR of 7.3% according to a new report by MarketsandMarkets™. 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...
Autonomous Trucks Market Size, Share, Trends & Analysis by 2030
The global Autonomous trucks market size is projected to grow from USD 40.7 billion in 2024 to USD 179.9 billion by 2035, at a CAGR of 14.4%. The Autonomous trucks market is witnessing robust growth driven by increasing demand for autonomous vehicles and innovation around advance driving technologies may drive the market for autonomous trucks.
The electric segment is expected to be the fastest...
The Ceramic Sanitary Ware Market: A Blend of Functionality and Elegance
Ceramic sanitary ware is no longer just about basic utility; it has evolved into a cornerstone of modern home and building design. Its ability to combine durability with aesthetic appeal has made it a sought-after choice for homeowners, property developers, and hospitality businesses alike. With changing lifestyles, rising incomes, and an increased emphasis on comfort and sophistication, the ceramic...
Smart Grid Market Revenue to Hit $161.5 Billion by 2029
The global Smart Grid Market in terms of revenue was estimated to be worth $73.8 billion in 2024 and is poised to reach $161.1 billion by 2029, growing at a CAGR of 16.9% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global demand for smart grid is increasing due to strong focus on modernization of aging grid infrastructure. Factors such as rapid industrialization, urbanization,...
EV Battery Market Share, Size, Trends & Analysis by 2033
The EV Battery Market Share is witnessing exponential growth, projected to reach $508.8 billion by 2033, driven by the surging adoption of electric vehicles globally. Key players in the industry are continuously innovating to gain a competitive edge, leading to a diversified market landscape. In 2023, market leaders such as CATL, LG Energy Solution, and Panasonic collectively held a significant EV...
Green Ammonia Market Share Expected to Reach $6.2 Billion by 2030
The global Green Ammonia Market Share by value is expected to grow from USD 0.3 billion in 2024 to USD 6.2 billion by 2030, at a CAGR of 66.0% from 2024 to 2030. Green ammonia may be produced using renewable energy sources such as wind and solar power. This integration promotes the use of excess renewable energy, which would otherwise be limited, and converts it into a reliable and transportable source...
Forklift Market Size, Share, Trends, Analysis & Report 2030
The global forklift market size is projected to grow at a CAGR of 6.7% during the forecast period, from an estimated market size of USD 85.2billion in 2024 to USD 125.4 billion by 2030.
The growing demand for forklifts is driven by several factors, such as the growth in the e-commerce market, the rapid rise in automation in warehouses and manufacturing facilities, and the increase in the number...
Conveyor System Market Size, Share, Trends & Forecast 2030
The global conveyor system market size is projected to grow from USD 10.4 Billion in 2024 to USD 14.8 Billion by 2030, at a CAGR of 6.0%. The conveyor system market is experiencing robust growth due to the rising growth of automation, and advancement in 5G, IoT and Artificial Intelligence. Additionally, increasing standards for safer conveyor operations with new technological developments from solution...
Automotive Wiring Harness Market Share Poised for $59.5 Billion by 2030
The Automotive Wiring Harness Market Share accounted for a significant portion of the global automotive components sector, with a market size of USD 48.7 billion in 2023. This dominant market share underscores its vital role in ensuring the seamless functioning of modern automotive systems, ranging from safety features to infotainment and power distribution in both traditional and electric vehicles....
Engines Market Share Expected to Reach $477.89 billion by 2029
The global Engines Market is anticipated to grow from estimated USD 377.83 billion in 2024 to USD 477.89 billion by 2029, at a CAGR of 4.8% during the forecast period. The major factors owing to the growth of Engines Market are rising demand for fuel efficient and low emission engines. Engines are machines used in converting fuels into mechanical energy. This helps in major industries such as automotive,...