Aluminium Extrusions Market to grow at a CAGR of over 6.1% | Market.us

According to a report by Market.us Research, the global aluminium extrusions market is anticipated to expand at a CAGR of 6.1% from 2019 to 2027. The market is expected to be driven by the growing demand for lightweight and durable materials in various end-use industries such as construction, transportation, and packaging. Aluminium extrusions are widely used in various applications such as doors, windows, frames, curtain walls, shop fronts, partitions, and others. The growing construction industry is anticipated to boost the demand for aluminium extrusions over the forecast period. The increasing demand for electric vehicles is also expected to fuel the…

Automated Compound Storage and Retrieval (ACSR) Market is Determined to Exceed at a CAGR of 5.9%

The global automated compound storage and retrieval (ACSR) market is expected to grow at a CAGR of 5.9% during the forecast period (2019-2024). The major factors driving the growth of the market include the need for efficient management of compounds, rising demand for high-throughput screening, and increasing investment in drug discovery research. However, the high cost of ACSR systems is restraining the market growth. In terms of type, the ACSR market has been segmented into on-premise and cloud-based. The on-premise segment holds the largest share of the market due to its advantages such as increased security and data control. However,…

Railway Buffer Stops Market Strategies [+Sales Growth], Factors and Forecast 2031

The major factor driving the growth of the railway buffer stops market is the increasing demand for safe and reliable transportation. Buffer stops are used to prevent trains from derailing, and they are an essential part of the railway infrastructure. The increasing investment in the railway sector is another factor that is driving the growth of the railway buffer stops market. The governments of various countries are investing heavily in upgrading their railway infrastructure, which is expected to boost the demand for railway buffer stops. In addition, the growing tourism industry is also fuelling the demand for safe and efficient…

Transformer Market To Develop Strongly And Cross USD 29.4 billion by 2025

The global transformer market is forecast to reach USD 29.4 billion by 2025, up from USD 23.9 billion in 2020, according to a new study by Market.us. The report cites the growing demand for electricity as a key driver of market growth. The transformer market is segmented into three major types: power transformers, distribution transformers, and instrument transformers. Power transformers account for the largest share of the market, followed by distribution and instrument transformers. The Asia-Pacific region is the largest market for transformers, followed by North America and Europe. The Asia-Pacific region is expected to grow at the highest CAGR…

Smart Elevator Market: Asia-Pacific to offer significant growth opportunities, 2022-2032

According to a new study, the global smart elevator market is expected to grow at a CAGR of 9.6% from 2019 to 2025. The adoption of smart elevators is gaining momentum across various end-use industries such as residential, commercial, healthcare, and hospitality. The rapid urbanization and growing construction activities are some of the major factors driving the growth of the smart elevator market. In addition, the increasing need for energy-efficient and eco-friendly products is further propelling the market growth. The Asia-Pacific region is projected to be the fastest-growing market for smart elevators during the forecast period. Companies are helped along…

Nitrogen Generator Market to Rise at a Valuation In CAGR of 6.9% | Market.us

The global nitrogen generator market is set to grow at a CAGR of 6.9% from 2019 to 2027, according to a new report by Market.us Research. The report provides a detailed analysis of the key drivers, restraints, opportunities, and challenges in the nitrogen generator market. Nitrogen is an inert gas that is used in a variety of industries for various applications such as food and beverage packaging, semiconductor fabrication, metal welding, and chemical processing. Nitrogen generators are used to generate nitrogen from air through a process known as fractional distillation. This process involves separating nitrogen from other gases present in…

Industrial Relay Market 2022: Huge B2B Opportunities 2031

The industrial relay market is expected to grow significantly in the next few years. This is due to the increasing demand for these products from various industries. Some of the key factors driving the growth of this market include the need for efficient power distribution, rising demand for automation, and increasing adoption of smart grid technologies. Companies are helped along in this endeavour by large and small-scale players in the insights engine market offering their insights engine platforms at competitive prices. It represents a comprehensive and succinct analysis report of the main competitor and price statistics with a view to…

Document Imaging Market Size to Surpass 9.42%+ CAGR up to 2023 | Market.us

Document imaging is an essential part of business operations for many companies. It allows for the quick and easy retrieval of documents, which can save time and money. The document imaging market is expected to grow in the coming years, as more businesses adopt this technology. There are a number of factors that are driving the growth of the document imaging market. The first is the increasing need for organizations to be able to access their documents quickly and easily. This has led to a demand for document management solutions that can help businesses streamline their operations. Another factor that…

At a CAGR of 21.6% | Autonomous Light Vehicle Market will Reach a Valuation of over USD 54.23 billion by 2030 : Market.us

Research Viewpoint on Autonomous Light Vehicle Market Outlook: The global autonomous light vehicle market is expected to grow from USD 12.16 billion in 2019 to USD 54.23 billion by 2030, at a CAGR of 21.6% during the forecast period. The increasing adoption of advanced driver-assistance systems (ADAS) and the increasing demand for a safe and comfortable driving experience are the major factors driving the growth of the autonomous light vehicle market. However, the high cost associated with ADAS features and technology and the lack of standardization is restraining the growth of this market. The objective of this study is to provide a…

Oil Level Switches Market | Medical Equipment to be Largest Revenue-generating Application Segment – Market.us

The global oil level switches market is expected to grow at a CAGR of 5.6% during the forecast period (2019-2024). The market is driven by the growing demand for oil level switches from the automotive and marine industries. The automotive industry is one of the largest consumers of oil level switches, due to the increasing demand for vehicles with advanced features such as engine oil level indicator. Oil level switches are used in a variety of applications such as engine oil, transmission fluid, and brake fluid level indication. They are also used in other fluids such as fuel tanks, coolant…