Author: Cloud PR Wire

Market Overview: According to Persistence Market Research, the global RF Tunable Filter Market is expected to reach US$ 100.0 million in 2022 and further expand at 7.2% CAGR during the assessment period. By 2033, total market RF tunable filter sales are likely to generate revenues worth US$ 201.0 million. Based on system, handheld and pocket radio segment is forecast to expand at a CAGR of 7.1% between 2023 and 2033. This is due to rising adoption of RF tunable filters in handheld and pocket radio systems deployed in various industries. Growing applications of RF tunable filters across several industries including aerospace & defense is expected to drive the global market forward during the projection period. Radio frequency (RF) tunable filters are widely used in various industries d...

The global Internet of Things IoT in energy market is poised for remarkable growth, with projections indicating a staggering valuation of US$114 billion by the end of 2030. This promising outlook comes as the market is set to witness a robust Compound Annual Growth Rate (CAGR) of 19.4% during the period from 2023 to 2030, according to a recent report titled Global IoT in Energy Market, 2019-2030. IoT Revolutionizes the Energy Sector The IoT industry has seen exponential growth worldwide, surpassing US$0.7 trillion in revenue in 2020 and projected to reach beyond US$4 trillion by 2030. One of the key driving factors behind these astounding projections is the substantial shift in industry requirements before and after the pandemic. The post-Q3 2021 surge in investments has played a pivotal ...

The global ophthalmic packaging market is on a trajectory of significant expansion, driven by key determinants such as the increasing aging population, rising prevalence of eye disorders, and a growing demand for sustainable and eco-friendly packaging. According to a recent market forecast, the global ophthalmic packaging market, with a size of US$4.5 billion in 2022, is expected to soar to approximately US$14.3 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 12% from 2023 to 2030. Key Growth Determinants Expanding Ageing Population and Rising Eye Disorder Rates: The surge in age-related eye conditions, such as cataracts, glaucoma, and macular degeneration, is propelling the demand for specialized eye care products, including prescription eyeglasses, contact len...

The global smart hydraulics fluid market is set to experience significant growth, with projections indicating an increase from US$4.2 billion in 2022 to US$6.3 billion by the end of 2030. This expansion is driven by several key growth determinants, including increased demand for hydraulic oils, growing adoption across industries, and a consistent focus on reducing fuel consumption. Market Valuation Poised for a CAGR of 5.9% The market is expected to witness a Compound Annual Growth Rate (CAGR) of 5.9% between 2023 and 2030. This growth is underpinned by a surge in demand for hydraulic fluids due to the rising need for faster speeds, efficiency at higher working pressures and temperatures, and increased use of hydraulic equipment across various industries. Factors Fueling Market Growth In...

The global electrical control panels market is poised for substantial growth, with a valuation of US$5.6 billion in 2022 expected to reach approximately US$9 billion by 2030. This robust expansion is forecasted to occur at a Compound Annual Growth Rate (CAGR) of 7% during the period from 2023 to 2030. Key Trends Driving Market Growth Energy Efficiency and Sustainability: Increasing demand for energy efficiency and sustainability is a key driver of growth in the electrical control panel market. Energy-efficient control panels are sought after by end-users aiming to reduce power usage and environmental impact while meeting regulatory requirements and lowering operational costs. Customization and Modular Designs: Manufacturers are offering modular designs that can be quickly customized for ...

The global steel round bars market is on the cusp of significant expansion, with a forecasted size of approximately US$3.9 billion by 2030, according to a new market research report. The market is expected to witness a robust compound annual growth rate (CAGR) of around 4.2% between 2023 and 2030. Key Market Trends and Drivers The growth of the global steel round bars market is being propelled by several key factors: Expanding Construction and Infrastructure Industries: Demand for steel round bars is rising due to infrastructure projects such as the construction of buildings, roads, bridges, and public utilities. These high-quality steel bars are essential for structural components, reinforcing bars, and other construction purposes. Growing Design Improvements: Customers now seek steel b...

In 2022, the total sales in the Global Dielectric Material Market amounted to a valuation of US$ 55.9 billion. Over the coming decade, there is a projected surge in demand for dielectric materials, with a forecasted compound annual growth rate (CAGR) of 4.3%. By the conclusion of 2032, it is anticipated that the market size for dielectric materials will reach US$ 84.8 billion. Market Overview: The Dielectric Material Market is experiencing significant growth and transformation, driven by technological advancements and a growing demand for electronic devices across industries. This report provides a comprehensive analysis of the market, highlighting key trends, growth factors, and drivers shaping its expansion. Market Growth Factors & Dynamics: Electronic Device Proliferation: The mar...

The global prescription lens market is poised for substantial growth, with market revenue projected to surge from US$46.2 billion in 2022 to nearly US$69.1 billion by the end of 2030, according to the latest report by Fairfield Market Research. The market is expected to exhibit a healthy compound annual growth rate (CAGR) of 5.9% during the forecast period from 2023 to 2030. Key Trends Fueling Market Growth: Growing Prevalence of Refractive Errors: Myopia, hyperopia, and astigmatism are on the rise, driven by factors such as increased screen usage, genetics, and lifestyle changes. This surge in vision impairments is a significant driver for the prescription lens market, as individuals seek effective solutions for vision correction. Increasing Number of Awareness Programs: Education and a...

In 2022, the collective sales of Cables and Connectors generated a total revenue of US$ 106.5 billion. Over the next decade, the global demand for cables and connectors is projected to exhibit a 7.0% compound annual growth rate (CAGR), leading to a market size of US$ 210 billion by the conclusion of 2032. Market Overview: The Cables and Connectors Market is on an upward trajectory, experiencing robust growth and diversification. This report provides a comprehensive analysis of the market, shedding light on its various segments, growth factors, and drivers fueling its expansion across industries. Market Growth Factors & Dynamics: Digital Transformation: The ongoing digital transformation across sectors is a prominent driver for the Cables and Connectors Market. As businesses and indus...

Market Overview : Global Automotive Window Films Market will be worth US$4.52 billion. Persistence Market Researchs report predicts that the market for automotive window films will expand at a 5.3% CAGR between 2023 and 2033. The market for automotive window films is anticipated to reach a value of US$7.60 Billion in 2033. The market is driven by various factors such as the growing demand for passenger vehicles, increasing awareness about the benefits of window films, and the need for protection from harmful UV rays. Additionally, the growing trend of vehicle customization and the increasing adoption of high-performance films are expected to drive the growth of the market. Automotive window films refer to a thin layer of film that is applied on the windows of a vehicle. The purpose of the...