Automotive Brake-By-Wire (BBW) system market is anticipated to grow at a significant CAGR of 11.9% during the forecast period (2024-2031). The industry growth is attributed to pivotal factors such as increased awareness of vehicle safety, expanding use of BBW systems in modern cars, component downsizing, and laws requiring the integration of advanced safety systems. Automotive […]
Category Archives: Business
Vehicle electrification market is anticipated to grow at a significant CAGR of 12.2% during the forecast period (2023-2030). The growing incentives and policies promoting electric vehicle adoption is the key factor supporting the growth of the market globally. According to the International Energy Agency (IEA), in May 2022, public spending on subsidies and incentives for […]
Automotive suspension system market is anticipated to grow at a considerable CAGR of 4.0% during the forecast period. A suspension system is an integral part of an automobile. The growing automobile industry and the growing demand for high performance sports car is a key factor driving the market growth globally. According to the India Brand […]
Cognitive supply chain market is anticipated to grow at a significant CAGR of 17.9% during the forecast period (2023-2030). With a growing competitive market and the complexity of supply chain systems, organizations are adopting advanced technologies such as cloud computing, AI/ML, and IoT to improve operational efficiency and cost reduction. Additionally, COVID-19 and rising geopolitical […]
The global solar-powered vaccine refrigerator market is anticipated to grow at a significant CAGR of nearly 6.5% during the forecast period. The major factors that are driving the market growth include the governments are being keener, and cautious about the health care facilities provided to the citizens. For instance, In February 2019, the new solar […]
Molten salt solar energy thermal storage and CSP market is anticipated to grow at a considerable CAGR of 18.7% during the forecast period. Molten salts are typically made up of 60% sodium nitrate and 40% potassium nitrate, and the salts melt at approximately 220°C. Molten salts are often used with concentrating solar power (CSP) plants […]
The global Solar Cooker market is anticipated to grow at a CAGR during the forecast period (2021-2027). The advancement in technology and rising awareness regarding renewable energy source is the factors enhancing the solar cooker market growth. Moreover, several government and non-profit organizations are promoting the use of solar cookers to reduce the fuel cost […]
Solar panel for home market is anticipated to grow at a CAGR of 7.5% during the forecast period. Rooftop solar photovoltaic (PV) is considered a secure investment for end-use customers against the fluctuating electricity price. The cost efficiency of rooftop solar systems favors their adoption in residential spaces which in turn driving the global solar […]
Hydrogen hubs market is anticipated to grow at a CAGR of 15.2% during the forecast period (2024-2031). The growing adoption of hydrogen hubs in refining and industrial sectors is the key factor supporting the market growth globally. The growth is primarily owing to the rising demand for green hydrogen for mobility in industrial applications in […]
Solar grade polysilicon market is anticipated to grow at a CAGR of 15.8% during the forecast period (2024-2031). Globally, the solar-grade polysilicon market is growing significantly due to the growing demand for solar photovoltaic installations. According to the data from the International Energy Agency (IEA), solar PV generation increased by 270.0 terawatt-hour (TWh) (up 26.0%) […]