The Global Pumps Market: Driving Innovation and Sustainability in 2025
The pumps industry is experiencing a transformative period of growth and technological advancement. By 2029, the global pumps market is projected to expand from USD 61.32 billion in 2024 to an impressive USD 79.01 billion, representing a steady compound annual growth rate (CAGR) of 5.2%.
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Top Companies in...
The Rise in the Relay Market: Increasing Adoption of Industrial Automation
The increasing adoption of industrial automation systems across various industries is driving the need for relays in motor control, protection, and switching applications. The expansion of smart manufacturing, robotics, and automated production lines is further amplifying the need for reliable and efficient relay solutions.
According to a latest research, The relay market is expected to grow from...
Racing Simulator Market Size, Share, Trends, Growth & Forecast 2030
The racing simulator industry size is projected to grow from USD 0.5 billion in 2024 to USD 1.1 billion by 2030 at a CAGR of 15.6% during the forecast period.
Rising e-sports leagues and competitions, a preference for professional motor racing events, ongoing simulation technology advancements, growing cost, and convenient accessibility are the primary factors propelling the racing simulator market’s...
Electric Tractor Market Size, Share, Demand, Growth & Forecast 2030
The global electric tractor industry size is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%.
Growing stringency in emission norms and advancements in overall battery technology are primarily driving the developments in electric tractors. Electric tractors offer reduced carbon emissions and lower operational costs, making them attractive options. The...
Bulk Filtration Industry Size Worth $10.0 billion by 2030 – Emerging Trends and Opportunities Analysis
The bulk filtration industry is expected to grow from an estimated in USD 13.63 billion in 2024 to USD 18.76 billion by 2030, at a CAGR of 5.5% during the forecast period. Factors such as growing industrialization, advances in filtration technology, demand from various end use sectors are expected to propel the growth of bulk filtration market.
Key Market Players
Prominent players in the bulk...
Long Duration Energy Storage Market Share to Reach $10.43 billion by 2030
The Long Duration Energy Storage Market is forecasted to reach USD 10.43 billion by 2030 from an estimated USD 4.84 billion in 2024, at a CAGR of 13.6% during the forecast period (2024-2030).
The major factors driving the market growth of the long duration energy storage market include various driving factors such as it involves growing requirements of grid stability and resilience as it increases...
DERMS Market Anticipated to Reach $1.44 billion by 2029, Witnessing a CAGR of 18.8% During 2024 to 2029
The Distributed energy resource management systems (DERMS) market is expected to grow from an estimated in USD 0.61 billion in 2024 to USD 1.44 billion by 2029, at a CAGR of 18.8% during the forecast period. The market for DERMS is thus growing rapidly. Some of the key factors driving the market are increased adoption of renewable energy sources such as solar and wind power, which are considered significant...
Residential Energy Storage Market Continues Steady Growth – Projected to Hit $4.58 billion by 2030
The global Residential Energy Storage market is anticipated to grow from an estimated USD 2.69 billion in 2024 to USD 4.58 billion by 2030, at a CAGR of 9.3% during the forecast period.
Rapid developments in battery technologies, especially in lithium-ion systems, have led to cost decline at levels that see energy storage systems increasingly come closer to the residential customer. Improvements...
Variable Frequency Drive Market Size to Reach $30.36 billion by 2029
The Variable Frequency Drive market is projected to reach USD 30.36 billion by 2029 from an estimated USD 23.46 billion in 2024, at a CAGR of 5.3% during the forecast period (2024–2029).
The growth in the VFD market is primarily driven by energy efficiency demand across industries, where reduced energy consumption is achieved by motor speed control. Gains in industrial automation as well as digitalization...