The global electric motor market revenue stood at $105.5 billion in 2020, and it is predicted to surge to $195.1 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 6.3% from 2020 to 2030. The major factors fueling the expansion of the market are the growing compliance for … Continua a leggere
The growing requirement for lightweight vehicles is fueling the demand for automotive adhesives and sealants. To maximize power and speed, several automobile manufacturing companies are making huge investments in research and development (R&D) projects for developing lightweight vehicles. In recent times, many automakers have focused on replacing conventional steel fixtures, such as bolts and nuts, with structural adhesives that provide … Continua a leggere
From $136,185.0 million in 2019, the hydrogen market is expected to demonstrate a CAGR of 4.3% during 2020–2030, to reach $196,934.5 million by 2030. The major drivers for the industry are the increasing use of ammonia-based fertilizers for enhancing the farm productivity. The growing demand for hydrogen in the refining industry, due to the strict norms for reducing the sulfur … Continua a leggere
The Nigerian diesel genset market value stood at $445.1 million in 2021, and it is expected to exhibit a CAGR of 6.8% from 2021 to 2030. According to the estimates of the market research organization, P&S Intelligence, the market will reach a value of $806.8 million by 2030. The market is being driven by the soaring requirement for power in … Continua a leggere
The Reserve Bank of India (RBI) states that the per capita gross national income (GNI) and per capita net national income (NNI) surged from INR 1,41,439 crore in the financial year (FY) 2018–2019 to INR 1,50,025 crore in FY 2019–2020 and INR 1,26,521 crore in FY 2018–2019 to INR 1,34,226 crore in FY 2019–2020, respectively in India. Further, the Census … Continua a leggere
The International Organization of Motor Vehicle Manufacturers (OICA) states that 1,427,074 vehicles, 3,506,774 vehicles, 447,218 vehicles, 3,176,600 vehicles, 691,286 vehicles, 3,394,446 vehicles, 25,225,242 vehicles, and 2,014,055 vehicles were manufactured in Thailand, South Korea, South Africa, Mexico, Indonesia, India, China, and Brazil, respectively, in 2020. The surging automobile production in developing countries is creating an extensive requirement for paints and adhesives, … Continua a leggere
The increasing demand for electronic devices globally is propelling the requirement for liquid crystal polymers. Smartphones, computers, LED TVs, and microwaves have become part of almost every urban household due to the increasing per capita income and growing population in nations such as India, China, Indonesia, and Brazil. Liquid crystal polymers have aided in the development of these products as … Continua a leggere
With changing times, people are demanding advanced technologies in just about everything, such as TVs and other consumer electronics and electrical appliances. This has increased the demand for OLED displays in smartphones, because of the rising preference of consumers for high-quality displays in these devices. This has become possible because of the rising income, which is ultimately driving the OLED … Continua a leggere
The Central Bureau of Statistics, the U.S., states that the per capita disposable income of Indonesia surged from IDR 38,555.200 in 2017 to IDR 41,287.100 in 2018. The rising mounting disposable income of people has led to a significant surge in the purchasing power of people in local demographics, owing to which Indonesia is witnessing the large-scale introduction of numerous … Continua a leggere
Automakers and manufacturers around the world are increasingly opting for lightweight materials to improve the energy efficiency of vehicles and machines, owing to which they are replacing conventional materials, such as metals and ceramics, with polymers. This shift from conventional materials to polymers can be credited to the exceptional electrical, mechanical, and chemical properties of the latter. Polymers offer greater … Continua a leggere