Cryogenic Equipment Market: Rapid Growth and Key Research Insights
The global cryogenic equipment market is projected to reach $16.6 billion in 2028, growing at a CAGR of 6.9% from 2023 to 2028, according to MarketsandMarkets research.
The rising adoption of liquefied natural gas (LNG) as a clean and efficient energy source, along with the increasing use of industrial gases in metallurgy, oil & gas, and energy & power sectors, is fueling the expansion...
Electric Traction Motor Market Gains Traction with the Rise of Electric Vehicles
The electric traction motor market has grown significantly in recent years, owing to the growing popularity of electric vehicles (EVs) worldwide. Electric traction motors are a critical component of electric vehicles, providing the necessary power to drive the wheels and propel the vehicle forward.
According to a latest research, ‘The global electric traction motor market is projected to...