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Biopharmaceuticals Market - Forecast(2024 - 2030)

Biopharmaceuticals Market Overview

Biopharmaceuticals Market size is estimated to reach $532.2 billion by 2027, growing at a CAGR of 7.1% during the forecast period 2022-2027. Biopharmaceuticals are types of substances that can be produced with the use of living organisms, such as microorganisms and animal cells that are intentionally prepared for therapeutical use in pharmaceuticals. This technique is applied in the manufacturing of biotech vaccines, blood, and blood component, allergenic that have the capacity to induce allergies, body cells and tissues, living cells used in cell therapies, gene therapies, and recombinant therapeutic proteins. This is one of the most effective clinical treatment modalities for a broad range of diseases, including cancers and metabolic disorders. Biopharmaceuticals have transformed the treatment of inflammatory disorders such as psoriasis, multiple sclerosis, rheumatic diseases, inflammatory bowel diseases, and also disorders of growth hormones. As per the American Cancer Society, the estimated count of novel cancer cases diagnosed and cancer deaths in the U.S. In 2021 are 1.9 million and 608,570 respectively. The use of monoclonal antibodies for treating various conditions and the demand for Human Insulin is rapidly increasing. As a result, FDA also approved 79 therapeutics monoclonal antibodies (mAbs) in December 2019. Like mAbs, protein-based therapeutics such as protein drugs are also used in Biopharmaceuticals that help to repair or replace proteins like interferon in the human body.

The potential of Biopharmaceuticals to treat life-threatening diseases is set to drive the Biopharmaceuticals Market. The endorsement of more novel biopharmaceutical products and continued R&D are set to propel the growth of the Biopharmaceuticals Market during the forecast period 2022-2027. This represents the Biopharmaceuticals Industry Outlook.

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trendingrepots · 1 day

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Warehouse Robotics Market - Forecast(2024 - 2030)

The Global Warehouse Robotics Market size is projected to reach US$6.2 billion by 2030, growing at a CAGR of 12% from 2024 to 2030. The Warehouse Robotics Market encompasses the automation sector dedicated to developing, deploying, and utilizing robotic systems within warehouse and distribution center settings. These robots undertake tasks like picking, sorting, packing, and transportation, aiming to boost operational efficiency, enhance order accuracy, ensure safety, and minimize labor costs. A pivotal trend influencing this market is the integration of cutting-edge technologies like Artificial Intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT). These advancements empower robots to operate autonomously, make real-time decisions, and communicate seamlessly with other warehouse systems, driving higher productivity, accuracy, and adaptability. E-commerce's surge significantly propels the warehouse robotics market forward. With online shopping's exponential growth, retailers and logistics firms face mounting pressure to swiftly and accurately fulfill orders. Warehouse robots offer a scalable solution to manage these demands, enabling companies to optimize order fulfillment processes and navigate peak periods efficiently. Moreover, there's a mounting emphasis on warehouse digitalization and inventory management, spurred by the quest for enhanced visibility and control over inventory levels. Robotics technologies such as automated storage and retrieval systems (AS/RS) and sortation robots play a pivotal role in optimizing warehouse space usage and inventory tracking. The factors such as the proliferation of advanced technologies, the expansion of e-commerce, and the increasing focus on operational efficiency and safety are expected to drive market expansion in the foreseeable future.

Report Coverage

The report: “Warehouse Robotics Industry Outlook – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Warehouse Robotics industry.

By Product Type: Autonomous Mobile Robot (AMR), Articulated Robots, Cylindrical Robots, SCARA Robots, Collaborative Robots, Parallel Robots, Cartesian Robots and Others.

By Payload Capacity: less than 20Kg, 20-100Kg, 100-300Kg and greater than 300Kg.

By System Type: Knapp Open Shuttle, Locus Robotics System, Fetch Robotics Freight, Scallog System and Swisslog Carrypick.

By Components: Programmable Logic Controller, Microprocessors and Microcontrollers, Actuators, Sensors and RF Module.

By Software: Warehouse management system, Warehouse execution system, Warehouse control system and Others.

By Function: Pick & Place, Assembling & Dissembling, Transportation, Sorting & Packaging and Others.

By End-use Industry: E-commerce, Automotive, Consumer Electronics, Food & Beverages, Healthcare, Metal & Machinery, Textile, Chemical and Others.

By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).

Key Takeaways

• In the Warehouse Robotics market report, the autonomous mobile robots’ segment is analyzed to grow at a significant CAGR of 14.9% due to its high accuracy, increased efficiency and widespread applications across industry verticals.

• The E-commerce industry is expected to grow at the highest rate with a CAGR of 15.2% owing to factors such as rising demand for distribution center automation, fulfillment automation, growing demand for order accuracy and rising competition among the companies.

• North America held the largest market share of 34% in 2023 in the global Warehouse Robotics Market, owing to factors such as rapid R&D investments towards robotics and increasing adoption of robots for process automation.

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trendingrepots · 4 days

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Next Generation Energy Storage Market - Forecast (2024 - 2030)

The Next Generation Energy Storage market size in 2021 is estimated to be $18.5 billion and is projected to reach $34.9 billion in 2027 at a CAGR of 9.18% during the forecast period 2022-2027. Energy storage is the pivotal technology that is reshaping the energy sector by enabling widespread deployment and grid integration of solar and wind renewables, to accommodate optimum levels of renewable energy. Therefore, to overcome intermittency and availability issues, various industrial sectors, such as Transportation, Oil and Gas, Mining, Electronics and others are adopting technological advances to improvise the economics of energy storage, which eventually propels the Next Generation Energy Storage Systems Market. Furthermore, research and innovation in energy storage is rapidly evolving due to the rise of decentralized and renewable energy solutions, emergence of energy conversion efficiency, cost effective technology, introduction of materials with low environmental and social impact and others are projected to foster the growth of the Next Generation Energy Storage Systems, dynamically.

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Next Generation Energy Storage Market Report Coverage

The report: “Next Generation Energy Storage Market – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Next Generation Energy Storage industry.

By Device: Ultracapacitors, Energy Grids, Batteries, Fuel Cells, Flywheels, Pumped Storage and Others. By Application: Electronics, Oil and Gas, Transportation, Military, Marine, Mining, Manufacturing, Residential and Others. By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

Key Takeaways

The Next generation energy storage systems refers to the integration of renewable energy generation into the grid, for relatively large loads across periods extending up to the extended hours. The deployment of the innovative devices, such as Energy grids, Ultracapacitors, Batteries, along with the automation tools, such as smart inverters, physical sensors and advanced analytics are coordinating across a wider range of next-generation technologies.

The rising grid expansion and promising investment in advanced infrastructure across Mining, Manufacturing, Oil and Gas, Electronics and other industrial sectors are estimated to drive the market. In addition, the introduction of regulations for green energy, and rising demand in the energy efficiency promote the Next generation energy storage systems market.

The prominence of renewable energy investments by the major companies, including Beckett Energy Systems, Lockheed Martin Corporation, BYD Company Limited, FlexGen Power Systems and more, along with increasing electrification of the transport sector are denoting profitable opportunities for the growth of Next generation energy storage systems market in the forecast period.

Next Generation Energy Storage Market Segment Analysis – By Type

The market for Next Generation Energy Grid Energy Storage Systems is analysed to grow at highest CAGR of 10.9% during the forecast period 2022-2027. There are growing research and development in terms of electricity storage for applications, such as Grid support, Electricity supply, Ancillary services, Renewables integration and more is considered as a prime success factor in increasing the market prominence of energy storage technologies. Presently, the lithium-ion and lead-acid batteries are becoming popular for residential users, and sodium-sulphur and other breakthrough batteries are majorly deployed in commercial sectors. The leading companies such as Beckett Energy Systems, BYD Company Limited, Energ2, Inc., Enersys, Enphase Energy, FlexGen Power Systems, Lockheed Martin Corporation, S&C Electric Company, UniEnergy Technologies, LLC. And AES Corporation played a significant role to accelerate the Next Generation Energy Storage Systems Market growth through extensive research and developments activities for product innovation

Next Generation Energy Storage Market Segment Analysis – By End Use Industry

The Transportation is estimated to be $ 4669.99 Million in 2021 and is analyzed to grow at a CAGR of 10.77% during forecast period 2022 to 2027. The Electric vehicles are the solution for this problem. However, there are many challenges like the less availability of charging stations. To overcome and fix these issues, what we need is efficient next generation energy storage system for electric vehicles which can store more energy and in efficient manner, thus longer running time of vehicles with one time charging. The serious growing issue of climate change needs adoption of sustainable Transportation system. Because the way the demand of vehicles on road is increasing, and with the expected growth rate of usage of vehicles, the peak oil demand could be reached very soon. With this they are ideal for use in short-distance electric vehicles such as taxis, trams and buses where the capacity to charge it is the time it takes for passengers to exit and enter a vehicle. Now virtually all automakers are offering plan to offer or are already offering fully electric vehicles or at least hybrid models.

Researchers from Imperial College London and University College London (UCL) are working towards creation of low-cost, high-energy supercapacitors which can power electric vehicles, and they have produced cheaper energy-dense electrode which is more sustainable and energy efficient and can make the way for wider market of high-power and rapid vehicle charging. In November 2019, Ford Unveiled its all Electric vehicle, which was part of company’s 11 Billion plan to make 40 all electric and hybrid models by 2022. Volkswagen as well has increased its electric vehicle goal to 70 new models by 2028 with the earlier target of 50. In April 2021, BYD announced the launch of the Electric vehicles, the BYD’s sedan HAN EV with the Blade Batteries. The first batch of Electric vehicles launched across Mexico, Brazil, Uruguay, Columbia, Costa Rica, the Dominican Republic and the Bahamas. The e6 is equipped with the Blade Battery abd comes with a range of 605 kilometers with 100km/h acceleration.

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trendingrepots · 5 days

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Tide Gauge Market - Forecast(2024 - 2030)

Tide Gauge Market Overview

Tide Gauge Market size is forecast to reach $8.13 billion by 2030, after growing at a CAGR of 7.5% during 2024-2030. A tide gauge is an instrument used to measure the changes in sea level over time, providing valuable data for various applications such as coastal management, climate research, and navigation safety. These devices typically consist of a sensor placed at a fixed location along the coastline or within bodies of water, which records the height of the water surface relative to a reference point. One prominent trend in the tide gauge market is the integration of advanced technologies for improved accuracy and data collection efficiency. Traditional tide gauges relied on mechanical mechanisms to measure sea level variations, but modern iterations incorporate digital sensors, satellite positioning systems, and wireless connectivity.

These advancements enable real-time monitoring, remote data retrieval, and enhanced precision, catering to the evolving needs of coastal communities, scientists, and policymakers. Another trend shaping the tide gauge market is the growing demand for portable and autonomous systems. As concerns over climate change and sea-level rise escalate, there is a need for flexible monitoring solutions that can be deployed in diverse environments and locations. Portable tide gauges equipped with robust sensors and battery-powered operation offer versatility for temporary deployments, expeditions, or areas lacking infrastructure. Additionally, the development of autonomous buoy-based systems equipped with data transmission capabilities allows for continuous monitoring in remote or offshore regions, providing valuable insights into oceanographic phenomena and contributing to global sea level assessments. As a result, the tide gauge market is witnessing a transformation driven by technological innovation and the need for adaptable monitoring solutions, paving the way for more accurate and accessible data collection methods in the study of sea level dynamics.

Report Coverage

The report: “Tide Gauge Market Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Tide Gauge Market.

By Type: Kelvin Type Tide Gauge, Fuess Type Tide Gauge, GSI Type Tide Gauge, High Accuracy Automatic Tide Gauge, High-Resolution Automatic Tide Gauge, and Others

By Technology: Acoustic Tide Gauges, Pressure Tide Gauges, Radar Tide Gauges, Hybrid Tide Gauges

By Application: Hydrographic Charting, Offshore Oil and gas, Coastal Engineering, Port and Harbour Management, Fishing Industries, and Others

By Geography: North America (U.S, Canada, Mexico, Rest of Americas), Europe (France, U.K., Germany, Spain, Italy, Netherlands, Russia, Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America) and ROW (Middle East and Africa)

Key Takeaway

• APAC dominated the Tide Gauge market in 2023 with a significant 35.2% market share, driven by high demand attributed to coastal monitoring needs, climate change concerns, and increasing emphasis on accurate sea level measurements.

• Tide gauges play a crucial role in monitoring sea level changes, and with increasing concerns about climate change and sea level rise, there has been a growing demand for accurate and reliable tide gauge systems.

• The global tide gauge market is driven by the development of efficient and advanced technology, rising demand for accurate and precise nautical charts, flourishing maritime commerce, and increasing exploration of new areas for oil & gas reserves.

#Tide Gauge Market price #Tide Gauge Market size #Tide Gauge Market share #Tide Gauge Market forecast

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trendingrepots · 6 days

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Cloud Based Grid Computing Market - Forecast (2024 - 2030)

Cloud Based Grid Computing Market Overview

The Cloud Based Grid Computing Market is forecast to reach $2.4 billion by 2027, growing at a CAGR of 19.4% from 2022 to 2027. Grid computing is the technique of merging diverse computer resources from many fields to achieve a common purpose. Grid computing is used for calculating computer-related issues that may be connected in parallel in today's technology-driven world. With the increased usage of modern technologies such as machine learning, artificial intelligence, integrated graphics, and others, the grid computing sector is rapidly expanding. Grid computing aids in the resolution of problems that were previously difficult or unsolvable. Grid computing allows for greater operational flexibility that enhances the development of business. Grid computing connects IT resources with end-users, customers, suppliers, and other relevant parties. Grid computing on the cloud will be in great demand in the major corporate sector since it allows for the simple management of huge statistical research projects, real-time data collecting, derivative risk analysis, candidate drug screening, and other tasks. Furthermore, the Cloud Based Grid Computing Market offers a simple and centralized method of regulating and scaling without regard to geography, which is propelling the cloud based grid computing market. The growing demand for cloud storage solutions, such as private cloud storage and public cloud service, for effective data analysis and data management in the cloud, is also propelling the market forward. Multi tenancy security challenges in the cloud, on the other hand, are impeding industry expansion. Hence, these factors will drive Cloud Based Grid Computing market size in the forecast period 2022-2027.

Cloud Based Grid Computing Market Report Coverage

The report: “Cloud Based Grid Computing Market – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Cloud Based Grid Computing market.

By Component: Security, User Interface, Workload Management, Data Management, Scheduler, Resource Management By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud By Organization size: Small and medium enterprise, large enterprise By End-user-industry: BFSI, Enterprise, Healthcare, Education, others By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others) and RoW (Middle east and Africa)

Key Takeaways

North America dominated held the major market share in 2021. This is mainly attributed to early adoption of new technologies, presence of key market players and others.

The capacity of Grid Computing to allow firms to safely share their computing power, databases, and other techniques between corporates and to other nations without losing local autonomy is a significant reason pushing its growth.

Rising trend towards adoption across small and medium enterprises benefits the market growth.

Cloud Based Grid Computing Market Segment Analysis- By Deployment Type

By Deployment type, Cloud Based Grid Computing market is segmented into Private Cloud, Public Cloud, Hybrid Cloud. Public cloud segment is estimated to hold the highest market share 35% among all the components during the forecast period 2022-2027. Next-generation industrial solutions will be cloud-based, and thus will need a platform to demonstrate their digital business skills. The rise of the internet of things (IoT), edge computing, 5G, real-time analytics enabled by artificial intelligence (AI), and machine learning (ML) is expected to increase the value of this computer technology among businesses. As a result of digital transformation, firms' business models and operational methods are altering. The importance of communication with external partners, other industries, and customers is growing, and the public cloud is the right foundation for building an open inter-company network that enhances the business expansion. The essentials of storage, processing, and networking power, as well as artificial intelligence and natural language processing (NLP) and common office programmes, are all covered by public cloud services. Thus, above mentioned factors are analyzed to drive the market in the forecast period 2022-2027.

Cloud Based Grid Computing Market Segment Analysis- By Organization size

This market is segmented into small and medium enterprise, large enterprise, on the basis of Organization size. Small and medium enterprise is anticipated to witness significant amount of growth with CAGR of 20.18% during the forecast period 2022-2027. Cloud computing removes the need for physical data centers and storage, as well as requiring relatively little IT employees to manage. Furthermore, Cloud Based Grid Computing also eases financial stress as businesses can choose a fair payment plan. Businesses are not required to pay for software that is not used. SMBs benefit from cloud computing's flexibility and cost-effectiveness by ensuring the availability of data and services. It may be able to transcend the limitations of traditional servers to deliver quicker, scalable, more efficient services, allowing for increased revenues through enhanced internal processes such as better organization, faster decision-making, and faster client communication. However, several SMEs are still hesitant to employ cloud computing services (CCS) since these services are maintained by third parties, posing extra risk-level concerns and making privacy more difficult to preserve. In June 2020, Google announced a partnership with Telefónica. Under this partnership, Google is planning to launch a cloud region in Spain that will leverage Telefonica's Madrid region infrastructure. This partnership also aimed at economic recovery of the country post-COVID-19 by boosting the digitalization of companies and supporting Spain's public administration.

#Cloud Based Grid Computing Market price #Cloud Based Grid Computing Market size #Cloud Based Grid Computing Market share

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trendingrepots · 8 days

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Agrochemicals Market - Forecast (2024 - 2030)

The global agrochemical market revenue crossed $267.6 billion as of 2023 with a CAGR of 4% and will continue to leverage a better economy in the forecasted period 2024 to 2030. According to a finding of Proceedings of the National Academy of Sciences (PNAS) of the United States of America, pests and pathogens cost nearly $40 billion to the plants and forest crop production in the U.S. every year. This statistic is reflective of the need for agricultural chemicals such as insecticides, herbicides, fungicides, and pesticides on a large scale. The residential and commercial gardens are also affected by the resultant economic loss. As a result, they incorporate agrichemical sprays and fertilizers to eradicate pest issues along with promoting plant growth and crop yields significantly. APAC is a massively populated region; therefore, it relies on farming and cultivation practices to balance the increasing food consumption rate. However, the rise in infested agricultural fields is a major limitation to the regional agricultural economy. Ricepedia reports that Asia, alone, produces and consumes 90% of rice in the world. Asian agricultural countries use modern farming techniques with a stronghold in agronomy. Besides, there is a surge of government-subsidized agrichemical inputs available to the local farmers. All these collectively influence APAC’s contribution to the global agrochemical market. This resonates with the fact that APAC held a major regional share of 32.50% acquiring huge profit in the year 2023.

IndustryARC’s expertise highlights, “Increase in the number of invasive species is a perennial threat to the current agricultural productivity which majorly upheaves the global agrochemical market demand to eliminate the threat of crop loss.” Non-agricultural indoor plantations, residential gardening, nurseries, and others have subsequent involvement in the mounting agrochemical demand which is projected to grow at a CAGR of 3.86% during the forecast period of 2024-2030. Pests and diseases are a constant threat to wheat and maize cultivation throughout the world. Consequently, there is a greater dependency on pesticides, adjuvants, and fertilizers to inhibit the growth of pest infestation. Wheat and maize farming segment is evaluated to increase at 5.20% CAGR through to 2030 and is foreseen to expand largely over this period.

The agrochemicals market is increasingly influenced by the trend toward sustainable agriculture. This shift entails developing and using products that minimize environmental impact while maintaining agricultural productivity. This trend is driven by consumer awareness, regulatory pressures, and a broader societal push towards sustainable practices. Companies are focusing on eco-friendly fertilizers and pesticides, soil health, and water conservation methods. This shift also includes a greater emphasis on integrated pest management and reduced chemical use, balancing agricultural needs with ecological preservation.

Digital agriculture is revolutionizing the agrochemicals market by enabling more precise and efficient use of agricultural inputs. This trend involves leveraging technologies like AI, IoT, and big data analytics for targeted pesticide and fertilizer applications, minimizing waste and environmental impact. By providing farmers with real-time data on crop health, soil conditions, and weather patterns, digital tools help in optimizing resource use and decision-making. This technological integration not only boosts crop yields but also supports sustainable farming practices through informed agrochemical application.

Agrochemicals Market Growth Drivers:

Frequent incidences of new pests, pathogens, and weeds in farming, plantation, and residential gardening discovered in the past decade. Significantly, there is a huge requirement for effective agrochemicals for reducing economic and crop loss. Also, the application of chemical growth agents such as adjuvants and hormones helps in healthy crop yields. Consequently, the global agrochemical market experiences huge demand thereby gaining a lucrative economy.

While chemical pests and pathogen inhibitors pose a threat to ecological sustenance, organic agrochemicals are on the rise in modern farming across the world. There is a rise in the organic farming method owing to its suitability for regulating the spread and growth of agricultural pests and diseases. Concurrently, the increasing usage of natural pesticides and fertilizers provides a greater scope of opportunity for the global agrochemical market.

Agrochemicals Market Companies:

Bulk supply of agrochemicals throughout the world is facilitated by different companies such as The Mosaic Co., Agrium Inc., BASF SE, DowDuPont, Israel Chemicals, PI Industries, Bayer AG, Sumitomo Chemical Co., Syngenta AG, and Yara International. R&D investment for developing innovative techniques and products also complying with environmental sustainability and government regulations are key to the success of these market leaders.

Sumitomo Chemical Co. is a leading chemical product distributing company in Japan with a prime focus on petrochemicals and plastics, pharmaceuticals, health, and crop-related services. Their main involvement in the agricultural sector is promoted by crop protection chemicals which include insecticides, plant growth regulators, fungicides, herbicides, and so on.

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trendingrepots · 18 days

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Axial Flux Motor Market – Forecast (2023-2028)

Axial Flux Motor Market Report Overview

The Axial Flux Motor market size is forecast to reach USD 1387.7 million by 2030, after growing at a CAGR of 11.8% during the forecast period 2024-2030. Axial flux motors are suited for applications that require a high torque density in a small footprint. Axial flow drives are also known as flattened and pancake electrically commutated motors due to their extremely low axial length-to-diameter ratio. It delivers more torque and power density than radial flux motors while using the same electrical components. When an axial flux motor has this feature, the battery lasts longer, making these motors more economically viable.

Axial flux motors are being used more frequently in a variety of new industries, including electric bikes, delivery vehicles, airport pods, electric cars, and even airplanes owing to the recent technology breakthroughs and a push towards electrification. The axial flux type was the first motor to be created in history. Therefore, it is difficult to imagine that these motors have found such a wide range of applications in the past two decades. First, it was extensively utilized for storage needs in the agricultural industry and elevators. Additionally, as axial flux motors are more efficient than radial motors, the market for them is expected to create considerable profits over the course of the projection period. Compared to a radial motor, this motor's small length offers great torque over speed. Additionally, when employed in the automotive industry, its small size and low weight reduce the weight of automobiles. In 2022, North America held 34.54% market share of the axial flux motor market, and is expected to grow at a significant compounded annual growth rate of 11.9% during the forecast period (2023-2030). The region is a hub for electric vehicle (EV) manufacturing and innovation, with automakers increasingly adopting axial flux motors for their EVs. Additionally, the growing renewable energy sector, including wind power projects, contributes to the demand for these motors. Asia Pacific, led by China, is a rapidly growing market for axial flux motors, driven by its extensive manufacturing capabilities and increasing adoption of electric vehicles. With the ever-expanding adoption of electric vehicles (EVs) in the region, China has emerged as a global leader in the EV market, which in turns fuels the demand for axial flux motors to new heights.

Furthermore, using axial motors minimizes vehicle weight by reducing the amount of space occupied by machinery. Transportation corporations' growing investment in the electric vehicle market would give substantial growth opportunities for the Axial Flux Motor Market. Product demand is expected to benefit from a growing focus on refining design and manufacturing processes in order to produce better products with greater efficiency, which further enhances the industry expansion for permanent magnet synchronous motors. Rising awareness of environmental preservation around the world is predicted to boost the adoption of electric vehicles and heat recovery ventilation, which will drive axial flux motor demand in 2024-2030.

Report Coverage

The report “Axial Flux Motor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Axial Flux Motor market.

By Cooling Process: Air Cooling, Liquid Cooling.

By Power: 1kw-15kw, 15kw-80kw, 80kw-160kw, Above 160kw.

By Application: Electric Passenger Vehicles, Commercial Vehicles, Industrial Machinery, Elevators, Robotics Actuators, and Propulsion Systems, Aircrafts & Electric Glider Planes, Yachts & Electric Boats, Electric Drones, Others.

By End-User Industry: General Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, Others.

By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

• The Electric Passenger Vehicles segment is expected to grow at a CAGR of 12.6% during the forecast period 2024-2030 owing to the increase in government initiatives and key players strategic approaches to maintain the dominance.

• Automotive dominated the Axial Flux Motor Market with a revenue of $238.06m in 2023 and is projected to reach $477.11m by 2030 and is also set to be the fastest-growing segment with a CAGR of 10.6% during the forecast period 2024-2030. Axial flux electric motors are in high demand across a variety of vehicle industries and across numerous geographical locations, thanks to the continuously developing automotive sector.

• Europe region is dominating the Axial Flux Motor Market with revenue of $186.68 m in 2023 and is estimated to grow at a CAGR of 11.9% during the forecast period of 2024-2030 to generate a revenue of $405.55m in 2030. The government's aggressive measures for the adoption of electric vehicles have aided the sector's massive growth throughout Europe.

• The growing demand for high power density axial flux motors is enhancing the industry expansion and is set to positively impact the market growth.

#Axial Flux Motor market price #Axial Flux Motor market size #Axial Flux Motor market share

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trendingrepots · 20 days

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Warehouse Robotics Market - Forecast, 2024-2030

The Global Warehouse Robotics Market size is projected to reach US$6.2 billion by 2030, growing at a CAGR of 12% from 2024 to 2030. The Warehouse Robotics Market encompasses the automation sector dedicated to developing, deploying, and utilizing robotic systems within warehouse and distribution center settings. These robots undertake tasks like picking, sorting, packing, and transportation, aiming to boost operational efficiency, enhance order accuracy, ensure safety, and minimize labor costs. A pivotal trend influencing this market is the integration of cutting-edge technologies like Artificial Intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT). These advancements empower robots to operate autonomously, make real-time decisions, and communicate seamlessly with other warehouse systems, driving higher productivity, accuracy, and adaptability. E-commerce's surge significantly propels the warehouse robotics market forward. With online shopping's exponential growth, retailers and logistics firms face mounting pressure to swiftly and accurately fulfill orders. Warehouse robots offer a scalable solution to manage these demands, enabling companies to optimize order fulfillment processes and navigate peak periods efficiently. Moreover, there's a mounting emphasis on warehouse digitalization and inventory management, spurred by the quest for enhanced visibility and control over inventory levels. Robotics technologies such as automated storage and retrieval systems (AS/RS) and sortation robots play a pivotal role in optimizing warehouse space usage and inventory tracking. The factors such as the proliferation of advanced technologies, the expansion of e-commerce, and the increasing focus on operational efficiency and safety are expected to drive market expansion in the foreseeable future.