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The chiller market is witnessing swift growth due to the heavy requirement for cooling equipment in industrial settings, increasing global temperature, and surging construction activities. From valuing $7.1 billion in 2018, the market is expected to reach $9.5 billion by 2024, advancing at a 4.9% CAGR during the forecast period (2019–2024). A compressor-based machine that takes away heat from liquids through an absorption–refrigeration cycle or vapor compression is referred to as a chiller. It generates chilled water, which is then mainly used to cool large facilities. Request to Get the Sample Report : https://www.psmarketresearch.com/market-analysis/chiller-market/report-sample The key trend in the chiller market is the growing popularity of R32 models. R32 is a type of refrigerant, which offers enhanced operational efficiency as compared to the R22 refrigerant. R32 chillers consume about 10.0% less energy and also help in reducing greenhouse gas emissions due to t...

The burgeoning sale of vehicles across the globe is one of the biggest factors fuelling the growth in demand for automotive electronic s across the world. Nowadays, automotive electronics contribute to almost 35% cost of an automobile as compared to its 5% contribution in 1970. This contributing share is predicted to rise to 50%, thereby causing huge sales of automotive electronics in the coming years. The Organisation Internationale des Constructeurs d’Automobiles (OICA) expects 95.1 million automotive sales in 2018. The other key factors boosting the demand for automotive electronics are the increasing implementation of various government initiatives and regulations for making the vehicles safe and fuel-efficient. Powered by these factors, the global automotive electronics market is expected to generate revenue of $615.3 billion by 2030, which is a considerable increase from its valuation of $235.7 billion in 2019. The market is also forecasted to advance at a CAGR of 9.3% during th...

The European electric scooters and motorcycles market is expected to reach $892.4 million by 2025, with a CAGR of 26.2% during the forecast period, according to P&S Intelligence. The major driving factors for the growth of the market are deployment of electric scooters for sharing services, rising concerns over greenhouse gas emissions, government initiatives, and implementation of stringent emission regulations. The rising concerns over greenhouse gas emissions coupled with introduction of several government initiatives is a major factor for the growth of the European electric scooters and motorcycles market. Accelerating rate of environmental degradation caused by greenhouse gas emissions has become a major concern for governments across the world. This has resulted in various government initiatives to reduce carbon emissions on a large scale. For instance, the Italian government has recently enacted a legislation to provide subsidies on electric scooter purchases, and t...

An autonomous vehicle can drive itself from one point to another in an auto-pilot mode. The vehicles, which make use of different technologies, such as global positioning system and adaptive cruise control, and lasers and radar, are primarily of two type — fully autonomous and semi-autonomous. Advancing at a 20.2% CAGR during 2023–2030, the German fully autonomous vehicles market is projected to reach $28.0 billion by 2030. The major influencers of the market are the growing need for a safe and efficient driving option and supportive government measures in popularizing them.  To produce autonomous vehicles, increasing collaborations and partnerships among manufacturers and software providers is the trend in the German autonomous vehicles market. Besides electric components, a vehicle requires software and other features to become self-driven. This necessitates the need for collaboration among different manufacturers and service providers. Apart from designing and manufacturin...