Electric Vehicle Market Size Projected to Reach $620.3 billion by 2030
The electric vehicle market size is experiencing rapid growth, driven by increasing environmental concerns and government initiatives promoting cleaner alternatives to traditional fuel-powered vehicles. This expansion is supported by advancements in battery technology, the development of charging infrastructure, and rising consumer demand for eco-friendly transportation options. Countries across Europe,...
Micromotor Market Size, Share and Growth Report, 2028
The micromotor Industry is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. Micromotors have wide applications in automotives, medical equipment, agriculture equipment system, aircraft systems, industrial automation processes, etc. With the increase in demand for miniaturization of components in automotives, medical devices,...
Autonomous Forklift Market Size, Share, Growth, Trends & Forecast 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...
Pressure Vessels Market Outlook: Market Dynamics and Growth Opportunities
The global Pressure Vessels Marketis projected to reach USD 62.7 billion in 2028 from USD 50.3 billion in 2023 at a CAGR of 4.5% according to a new report by MarketsandMarkets™. Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure. It is constructed to withstand the internal pressure exerted...
Connected Car Market Size Expected to Boom by 2030
The Connected Car Market Size is projected to reach $26.4 billion by 2030, driven by increasing demand for advanced in-car connectivity solutions and the growing adoption of smart vehicles. This rapid market growth is fueled by advancements in telematics, vehicle-to-everything (V2X) communication, and infotainment systems. As consumers demand more seamless and integrated driving experiences, automakers...
Overview of Recycling Water Filtration Industry
Recycling water filtration refers to the process of treating used water and filtering it to a quality suitable for reuse. This can be done for a variety of purposes, including potable and non-potable water and environmental restoration. It encompasses the technologies and equipment involved in purifying used water for reuse in various applications. It plays a critical role in water sustainability...
Lithium-ion Battery Recycling: Process & Companies
The rapid growth in electric vehicles (EVs) and consumer electronics has catapulted lithium-ion batteries into the spotlight as one of the most critical components for energy storage. But as the demand for these batteries increases, so does the need for an effective recycling infrastructure to mitigate environmental risks and conserve valuable resources. Lithium-ion battery recycling plays a crucial...
Automatic Tire Inflation System Market Size, Share, Analysis Report 2028
The automatic tire inflation system market size is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period.
The increasing demand for improved tire life and to prevent accidents due to tire blowouts, the demand for ATIS in heavy-duty vehicles and farm tractors would create growth opportunities.
ATIS for Farm Tractor is expected...
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%. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers...
Window Lift Motors Market Trends, Size, and Share Projections by 2030
The global window lift motor market size is projected to grow from USD 3.5 Billion in 2024 to USD 3.8 Billion by 2030, at a CAGR of 1.6%. The window lift motors market is rapidly expanding, driven by the growing need for modern automotive features like power windows that improve user comfort. Urbanization, along with rising disposable incomes, is leading to a higher demand for vehicles equipped with...