The global electric motor sales market size was valued at USD 182.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. An increase in awareness regarding green vehicles among customers has been a key factor driving the market.... Read More »
February 2024The global vacuum cleaner market size was valued at USD 13.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2030. The market growth is attributed to the rising demand for vacuum cleaners driven by increasing applications across resi... Read More »
February 2024The U.S. non-destructive testing market size was estimated at around USD 5.2 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2030. The increasing technological developments in advanced non-destructive testing (NDT) processes have resu... Read More »
February 2024The global vibration control system market size was estimated at USD 5,182.0 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The market is witnessing increased global demand due to the rising focus on mechanical balancing and sta... Read More »
February 2024The global microcontroller market size was valued at USD 32.37 billion in 2023 and is projected to expand at a compound annual growth rate CAGR of 11.7% from 2024 to 2030. The growth is expected to be driven by the increasing adoption of MCUs across the smart grid systems for smart ... Read More »
February 2024The global bearing market size was valued at USD 111.59 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.6% from 2023 to 2030. Bearings are virtually used in every kind of equipment or machinery, ranging from automobile parts, farm equipment... Read More »
February 2024The global emission monitoring systems market size was valued at USD 3.50 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2030. The growth can be attributed to advancements in sensor technologies, data analytics, and remote monitoring... Read More »
February 2024The global brushless DC motor market size was valued at USD 19,863.8 million in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2030. The ability of Brushless DC (BLDC) motors to save energy and increase the operational efficiency of equipment in which they are used is expected to drive the growth of the... Read More »
February 2024The global LED lighting market size was worth USD 81.48 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030. Rising construction in both developing and developed countries, together with government laws limiting the use of inefficien... Read More »
February 2024The global smart motors market size was estimated at USD 2.31 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. The global surg... Read More »
February 2024The global motion control market size was valued at USD 16.63 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. Factors such as the increasing demand for automation in various industries and the rising adoption of robotics & i... Read More »
January 2024The global semiconductor memory market size was valued at USD 111.62 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2030. The global market demand was 44.02 billion units in 2023 and 76.23 billion units in 2030. The market is poised ... Read More »
January 2024The global point-of-sale terminal market size was valued at USD 103.83 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. The Point-of-Sale (POS) terminal is an electronic appliance utilized to procedure card payments to location... Read More »
January 2024The global restaurant point-of-sale terminal market size was valued at USD 22.26 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030. Due to temporary closures and a decline in dine-in customers, the COVID-19 pandemic influenced the restaurant industry's business... Read More »
January 2024The global industrial refrigeration systems market size was valued at USD 20.48 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The rising usage of processed and packaged foods & drinks and the need to prevent spoilage are su... Read More »
January 2024The global pet wearable market size was valued at USD 2.70 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 14.3% from 2023 to 2030. The market growth is supported by awareness among owners regarding the well-being of their pets. Further, the pet weara... Read More »
January 2024The global earphones and headphones market size was valued at USD 71,496.7 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030. Increasing adoption of earphones and headphones during the workout is primarily expected to drive the ma... Read More »
January 2024The global non-destructive testing market size was valued at USD 20,019.5 million in 2023 and is expected to register a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. The growing manufacturing activities across the developing and the developed nations is estimated to drive... Read More »
January 2024The global computer numerical control machines market size was valued at USD 60.90 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. The widespread adoption of computer numerical control (CNC) machines can be attributed owing to t... Read More »
January 2024The global automated test equipment market size was valued at USD 7,643.8 million in 2023 and is expected to grow a Compound Annual Growth Rate (CAGR) of 3.0% from 2024 to 2030. The growth is driven by the use of Automated Test Equipment (ATE) in the automotive and semiconductor ind... Read More »
January 2024