Inverter Market Size & Share - Global Future Growth Expectations

The inverter market is expected to grow from an estimated USD 39.6 billion by 2028 from an estimated USD 18.9 billion in 2023, at a CAGR of 16.0% during the forecast period. The requirement for grid stability, the increasing use of renewable energy sources, and technological developments are some of the factors driving the market's expansion. To address changing customer demands and promote a more sustainable future, major firms are concentrating on product innovation. One example of this is the creation of smart inverters with sophisticated monitoring and control features.

Instrument Transformers Industry - Forthcoming Trends to Fuel the Global Growth

The global instrument transformers market is projected to grow from an estimated USD 7.1 billion in 2023 to USD  10.6 billion by 2030, demonstrating a CAGR of 5.8% during the forecasted period. Grid modernization, the integration of renewable energy sources, and the rising demand for electricity are the main drivers of the industry, and technological and infrastructural breakthroughs are expected to drive further expansion.

Digital Oilfield Market Size & Share - Growth Analysis

The global digital oilfield market size is expected to reach USD 43.0 billion by 2029 from USD 30.1 billion in 2023, at a CAGR of 6.3% during the forecast period. The major factors driving the growth of this market include growing emphasis on maximizing production from mature fields, stringent regulations, and environmental compliances.

Automotive Telematics Industry - Forthcoming Trends to Fuel the Global Growth

The Automotive Telematics market is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is driven by the growing collaborations and tie-ups among OEMs and telematics service providers and the launches of upcoming vehicles equipped with embedded telematics for enhanced safety and comfort. Increasing awareness about on-road safety and demand for advanced telematics services is fueling the demand for automotive telematics.

Automotive Telematics Market Size & Share - Future Growth Expectations

The Automotive Telematics market is projected to grow from an estimated USD 9.0 billion in 2024 to reach USD 16.1 billion by 2030 at a CAGR of 10.1% during the forecast period. This growth is driven by the growing collaborations and tie-ups among OEMs and telematics service providers and the launches of upcoming vehicles equipped with embedded telematics for enhanced safety and comfort. Increasing awareness about on-road safety and demand for advanced telematics services is fueling the demand for automotive telematics.

Functional Food Ingredients Market Size & Share - Future Growth Expectations

The global functional food ingredients market size is valued at USD 119.2 billion in 2024, showcases a remarkable growth projection, anticipated to escalate to USD 165.8 billion by 2029, indicating a robust compound annual growth rate (CAGR) of 6.8% during the forecast period. Escalating consumer awareness regarding health and wellness has significantly bolstered the demand for the functional food ingredients market. The prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular issues has propelled individuals to prioritize healthier dietary choices.

Generator Industry - Set to Reach New Heights in Response to Increasing Energy Needs

The generator market is expected to reach USD 34.5 billion in 2030 from USD 23.1 billion in 2023, at a CAGR of 5.9% during the forecast period. The major factors driving the growth of this market include the uninterrupted power supply, industrialization, urbanization, and population growth, has led to a significant increase in power generation capacity worldwide.

Diesel Generator Industry - Emerging Trends to Fuel the Global Growth

The global diesel generator market is expected to grow from an estimated USD 17.9 billion in 2024 to USD 23.4 billion by 2029, at a CAGR of 5.4% during the forecast period. Diesel generators are known for their long lifespan and robust construction, which enable them to run continuously during emergencies for longer periods of time. Diesel generators are essential because they provide reliable and constant source of electricity during power outages and emergencies.

Sweeteners Industry - Forthcoming Trends to Fuel the Global Growth

The global sweeteners market is anticipated to achieve a valuation of USD 125.1 billion by 2028, up from USD 107.2 billion in 2023, marking a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period spanning from 2023 to 2028. This growth trajectory is attributed to the widespread use of sweeteners across diverse sectors, including food, beverage, personal care, and pharmaceuticals. Sweeteners play a pivotal role in the food industry by enhancing the taste and sweetness of various products such as bakery items, confectioneries, and dairy products.

Diagnostic Imaging Industry - This is How Emerging Trends Impacting Global Growth

The global diagnostic imaging market is projected to reach USD 34.6 billion by 2028 from USD 26.5 billion in 2023, at a CAGR of 5.5% from 2023 to 2028. The rising prevalence of targeted diseases and increasing technological advancements fuel the market growth.

Nutraceutical Excipients Market Share - Global Industry Landscape

The nutraceutical excipients market is projected to reach USD 6.1 billion by 2028 from USD 4.2 billion by 2023, at a CAGR of 7.7% during the forecast period in terms of value. The nutraceutical excipients market are anticipated to witness significant growth in the coming years. This growth is expected to be driven by various factors such as increasing consumer awareness regarding health and wellness, rising demand for functional foods and dietary supplements, and advancements in the pharmaceutical industry.

One of the key drivers for the growth of the nutraceutical excipients market is the growing aging population globally, coupled with the rising prevalence of chronic diseases. As people become more health-conscious, there is a growing demand for nutraceutical products that offer health benefits beyond basic nutrition. Excipients play a crucial role in the formulation of these products, helping to enhance their stability, bioavailability, and overall effectiveness.

Top Companies in AI in Chemicals Industry - Microsoft (US), Schneider Electric (France) and NVIDIA (US)

The AI in chemicals market is expected to grow from USD 0.7  billion in 2024 to USD 3.8 billion in 2029, at a CAGR of 39.2%  during the forecast period. The AI in chemicals market is experiencing a significant shift with the growing integration of AI in R&D, driven by the need for innovation and efficiency. There is a rising demand for AI-enhanced chemical process optimization, fueled by the industry's quest for cost-effectiveness and sustainability.

Racing Simulator Market Size & Share - Future Growth Expectations

The racing simulator market is estimated 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. The base year for the report is 2023, and the forecast period is 2024 to 2030. The market is expected to witness rapid growth with the rapid advancement of technology and the growing popularity of eSport events in countries such as North America, and Europe and developing countries like China, India, Brazil, etc. Also, the popularity of racing simulators is seeing a boost due to the accessibility of racing simulators to a wider audience as players can experience high-quality racing simulation while being in the comfort of their homes. Further, the growing racing communities and competition are driving the market as simulation racing provides a platform for racing enthusiasts to connect with like-minded individuals from around the world. Online multiplayer modes allow players to compete in races, leagues, and championships, fostering a vibrant and competitive community.

Hydrogen Market Size & Share - Future Growth Expectations

The hydrogen market is expected to reach USD 410.6 billion in 2030 from USD 242.7 billion in 2023, at a CAGR of 7.8% during the forecast period. The growth in hydrogen demand in recent years is due to the increasing government focus on developing hydrogen-based economies and investment in the hydrogen infrastructure. The market for hydrogen is projected to benefit greatly from the rising usage of low emission fuel.

Electric Commercial Vehicle Industry - Forthcoming Trends to Fuel the Global Growth

The global Electric Commercial Vehicle Market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%. The electric commercial vehicle (ECV) market for vehicle such as trucks, pickup trucks, vans and buses  is experiencing a surge fueled by environmental, economic, and technological factors. Growing environmental concerns and stricter emission regulations are a shift towards cleaner transportation solutions. Governments worldwide actively support prompting this transition by offering financial incentives like subsidies and tax breaks, making ECVs more financially attractive than traditional gasoline-powered models.