Basalt Fiber Market: Transforming Construction, Automotive, Wind Energy, Electronics, and Marine Industries
Basalt fiber, a remarkable material derived from volcanic rock, is fast becoming an essential component across multiple industries. Its natural origin, combined with a suite of performance advantages, makes it a unique, eco-friendly alternative to traditional materials like fiberglass, carbon fiber, and steel. The basalt fiber market is booming, supported by an increasing demand for lightweight,...
Marine Engines Market Size in 2024: What’s Driving the Growth?
The global marine engines market size is projected to reach USD 15.2 billion by 2029, showing a growth from the estimated USD 13.1 billion in 2024, with a compound annual growth rate (CAGR) of 3.0% from 2024 to 2029. Traditionally, after-sales services like maintenance and repairs have been a part of the marine engines market. However, companies are finding ways to optimize this segment to generate...
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...