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auto The turbofan engines market is expected to be worth US$ 1.05 billion in 2022. The industry increased by 6.3% year on year over the last year. Turbofan Engines sales are expected to grow at a CAGR of 17.2% from 2022 to 2032, reaching a value of US$ 5.1 billion by the end of 2032. North America North America is anticipated to be the lucrative turbofan engines market, owing to the ever-increasing demand for new technologies in the airline business as well as the continued growth for efficient engines. Over the forecast period, the region's turbofan engine market is expected to grow remarkably. The United States is North America's largest turbofan engines market, followed by Canada. The United States is projected to continue to expand in the coming decade, thanks to an increase in orders and deliveries of turbofan engines in the commercial, military, and general aviation sectors. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-8400 Asia Pacific Due to emerging economies such as China, India, and Japan, the Asia Pacific turbofan engines market is expected to grow significantly. The growing population and air traffic are expected to drive up demand for aircraft with fuel-efficient engines. The growing number of airports in the region, as well as the demand for new aircraft with better and more efficient engines for transportation and travel, are expected to drive up demand for turbofan engines. Demand for turbofan engines in the commercial segment to remain strong, while demand for turbofan engines in wide-body aircraft to grow... (More)
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auto The global automotive exhaust systems market is expected to reach a market valuation of US$ 106.98 Billion by the year 2022, accelerating with a moderate CAGR of 6.07% by 2022-2032. Aautomotive exhaust systems market size is anticipated to be valued at about US$ 192.86 Billion by 2032 end. Recent Developments Futaba Industrial Co., Ltd. stated in May 2021 that they would be participating in the Automotive Engineering Exposition 2021 Online. With an eye on achieving SDGs, the business plans to deploy new exhaust and body system components that enhance fuel efficiency, cut weight, and reduce emissions (Sustainable Development Goals). Faurecia's Clean Mobility Division has its headquarters in the Koriyama Plant in Koriyama City, Fukushima Prefecture, and in April 2021, the company announced that production would begin there in the second half of that year. Although the Koriyama Plant was supposed to begin operations in September 2020, the spread of the coronavirus has temporarily slowed production at the automakers to whom it delivered products (COVID-19). In March of 2021, Eberspächer revealed that it has begun serial manufacturing of tunnel mixers, a technology used to convert exhaust emissions from automobiles and commercial vehicles. The mixer guarantees that the aqueous urea solution is evaporated and mixed with the exhaust gas to the best of its ability. In March of 2021, Tenneco's Clean Air business group partnered with Eaton's Vehicle Group to develop an integrated exhaust thermal management system for commercial trucks and light cars. This technology is anticipated to help manufacturers comply with... (More)
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auto Based on the market research conducted by FMI, the automotive wiring harness market is expected to grow at a considerable CAGR of 7.9% through 2032. The automotive wiring harness market is expected to hit US$ 110.78 billion by 2032. The market is valued at US$ 51.79 billion as of 2022, and in 2021 the automotive wiring harness market valuation was US$ 48 billion. Key Takeaways: The automotive wiring harness market is expected to grow at a CAGR of 7.9% during the forecast period. The market was valued at US$ 48 billion in 2021. The automotive wiring harness market is valued at US$ 51.79 billion in 2022. The automotive wiring harness market is anticipated to be valued at US$ 110.78 billion in 2032. Based on the product type, the Chassis & Safety Segment is expected to lead the market during the forecast period. Based on the vehicle type, the Passenger Cars had the Highest automotive wiring harness market share of nearly 49% in 2021. Asia Pacific currently dominates the market, with a Market Share of whopping 51% If we talk about the largest market based on the country, it is China. Thus, from the insights obtained from FMI research, it can be inferred that, “Increased focus on passenger safety, coupled with an increase in the number of electric vehicles worldwide, and many other factors are expected to increase the demand for automotive wiring harnesses.” Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-37 Around the world, there has been a growth in automobile... (More)
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auto The global Battery Swapping Charging Infrastructure Market Growth is expected to surpass an impressive valuation of USD 202.07 million in 2023 and is projected to exhibit a compound annual growth rate (CAGR) of 21% from 2023 to 2033. Infrastructure for EV charging will be more and more in demand for residential and business uses. The market for electric vehicle charging infrastructure is also anticipated to grow over the future decades as a result of improved automakers' cooperation for charging infrastructure via a monthly subscription. Reduced battery replacement infrastructure construction costs, decreased EV purchase costs, increased demand for public charging infrastructure, and supportive government subsidies are accelerating market growth. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15888 Green energy is also anticipated to be a major factor in private and public electric vehicle charging. Owners of electric vehicles worry about carbon dioxide pollution. Makers are rapidly changing the charging mechanisms used in their electric vehicle charging infrastructure to address these issues. This is one of the most significant elements that will affect the development of the worldwide market for electric vehicle charging infrastructure. During the forecast era, North America is anticipated to have the fastest growth rate. In the upcoming years, it is anticipated that the number of DC charging stations placed in the US will soar. In the US, there will likely be more home charging facilities for electric vehicles. “Consumer demand to maximize vehicle efficiency and reduce fuel costs has resulted in continuous technological advancements in electric vehicles. Additionally, rising... (More)