Energy Efficient Motor Market Share 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% during 2023-2028. 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, reduce greenhouse...
Electric Truck Market Size, Share, Trends & Growth Report 2030
The Electric truck market size is estimated to be 101,499 units in 2022 and is projected to grow at a CAGR of 34.2% during the forecast period, to reach 1,067,985 units by 2030. The market for electric truck is increasing due to factors such as increase in distribution services, last mile delivery and government focus on reducing vehicle emissions.
“NMC Battery segment expected to lead...
Autonomous Vehicle Sensor Market Size, Share, Trends & Forecast 2030
The Autonomous Vehicle Sensor Market Size is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%.
The growing demand of safer, efficient and fuel-efficient vehicles are expected to increase the demand for automated vehicles around the world. With this, the demand for sensors for automated vehicles such as cameras, radar sensors, lidar sensors,...
Autonomous Forklift Market Size, Share & Growth 2028
The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.
The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online...
Micromotor Market Size, Share, Trends, Growth & Forecast 2028
The micromotor market size is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8%. The growth of this market can be attributed to the growing trend for industrial automation, increase in safety and comfort features in automobiles, and rising demand for lightweight components in medical equipment.
Based on Application, industrial automation is predicted...
Connected Tires Market Size, Share, Growth, Report 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Connected tires will grow in demand due to their ability to enhance various aspects of driving, vehicle performance, and overall safety. These tires provide real-time monitoring of essential parameters such as tire pressure, tread wear, and temperature. By continuously...
Automotive TIC Market Size, Share, Growth & Forecast 2028
The global automotive TIC market size 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 growing demand of safer, efficient and fuel-efficient mobility alternative is expected to drive the demand for automotive TIC services around the world. For instance, the demand for TIC services for automotive components such as EV Battery, EV Motors,...
EV Cables Market Size is Projected to Reach USD 19.0 billion by 2028
The global EV cables market size is projected to grow at a CAGR of 17.2% during the forecast period, to reach USD 19.0 billion by 2028 from an estimated USD 8.6 billion in 2023. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have resulted in automotive OEMs to make fuel-efficient and environment-friendly vehicles which is driving...