The global permanent magnets market size was valued at USD 22.18 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2030. The rising prominence of renewable energy sources, such as wind and solar, is anticipated to positively aid the ma... Read More »
August 2023The global air compressor market size was valued at USD 25.46 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2030. Stringent environmental regulations and a growing emphasis on sustainability have led industries to adopt more environm... Read More »
August 2023The global food service equipment market size was valued at USD 35.97 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. Changing food consumption patterns, increased demand for takeaways and the expanding hospitality sector are som... Read More »
August 2023The global silicone sealants market size was valued at USD 3.81 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030. The growth is majorly driven by the growing consumption of silicone sealants in the construction industry. The increa... Read More »
August 2023The global structural steel market size was valued at USD 117.12 billion in 2023 and is likely to register a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. Infrastructural developments, in both developing as well as developed countries, are anticipated to remain the primar... Read More »
August 2023The global industrial fasteners market size was estimated at USD 95.46 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2030. The market is expected to be driven by the growing population, high investments in the construction sector, and rising demand for industria... Read More »
August 2023The global industrial air filtration market size was valued at USD 7.43 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The rising need to control industrial air quality across various industries, including cement, food & be... Read More »
August 2023The global battery cooling plate market size was estimated at USD 395.0 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 37.4% from 2023 to 2030. The growth is expected to be favorably impacted by the green energy initiatives adopted by governments world... Read More »
August 2023The global lignin market size was estimated at USD 1.08 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. Increasing demand for lignin in animal feed and natural products is anticipated to drive growth. The product is widely utiliz... Read More »
August 2023The global flooring market size was valued at USD 277.67 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030. Increasing demand for aesthetic, superior, and durable floor covering solutions and changing consumer trends in floor design... Read More »
August 2023The global railway wiring harness market size was valued at USD 2.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027. Wiring harnesses are mainly used for transmitting electric power and signals from the source to the given system ... Read More »
August 2023The global artificial turf market size to be valued at USD 3.8 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period. Increasing demand for easy to maintain, durable, and cost-effective flooring products for their use in o... Read More »
July 2023The global heat treated steel plates market size was valued at more than USD 5.8 billion in 2019 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.9% from 2020 to 2027. Increasing shipbuilding activities primarily in Asia Pacific countries, such as Japan, Sou... Read More »
July 2023The global bolts market size to be valued at USD 55.3 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028. The rising adoption of automated bolt fastening systems coupled with the growing penetration of carbon and alloy bolts in ... Read More »
July 2023The global stepper motors market size was valued at USD 4.6 billion in 2018, expanding at a compound annual growth rate (CAGR) of 4.1% from 2019 to 2025. Rising growth of the robotics and automation industry has increased the need for stepper motors that can fit in confined spaces. Motor... Read More »
July 2023The global escalators & moving walkways market size was valued at USD 12,654.0 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. Factors such as changing lifestyles, urbanization, and the growing preference for public transport... Read More »
July 2023The global servo motor market was valued at USD 8.8 billion in 2017 and is anticipated to exhibit a CAGR of 6.4% over the forecast period. Servo motors are the most sophisticated motion control devices. They incorporate advanced design methods, high-force magnet materials, and precise di... Read More »
July 2023The global sealing and strapping packaging tapes market size was estimated at USD 18.55 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.8 % from 2020 to 2027. Exponentially rising demand for the product for securing shipments in developing economies... Read More »
July 2023The global industrial valve market size was estimated at USD 58.31 billion in 2014. Rising automation on account of increased industrialization and expansion of existing facilities are projected to drive the market over the forecast period. Growing demand for flow control equipment is ex... Read More »
July 2023The global environmental test chamber market size was estimated at USD 946.6 million in 2022 and is projected to grow at a compounded annual growth rate (CAGR) of 3.0% from 2023 to 2030. The increasing number of regulations in end-use industries such as aerospace & defense and automotive coupled with the growing... Read More »
July 2023