The global residential energy storage market is growing competently, expected to grow at a CAGR of 16.0% during the estimated period from 2024 to 2032, starting from US$ 8.86 Bn in 2021. The growth of residential battery storage in the power sector has engrossed attention for a wide-scale application in the residential and commercial sectors. Most of the attention is focused towards utility-scale batteries and for commercial and industrial customers. In addition, the large batteries are precarious segments for the energy-storage market, along with the swift growth of residential energy storage and household systems will expand the battery market on a global scale.
The global automotive glass market was valued at US$ 17.47 Bn in 2021 and is anticipated to grow to US$ 29.98 Bn growing at a CAGR of 6.3% throughout the forecast period from 2024 to 2032. Despite the challenging environment, the automotive market posted modest growth during 2018-19. According to report published by International Organization of Motor Vehicle Manufacturers (OICA) the global sales of automotive vehicle was 95,055,937 units globally. Thus driving the growth of the automotive glass market. Factors including rapid development of infrastructure, and support from fiscal stimuli among other are further fueling the market growth.
The global heat pumps market is rising proficiently, anticipated to grow at a CAGR of 7.9% throughout the estimated period from 2024 to 2032, starting from US$ 62.15 Bn in 2021. Increased government regulations and support for co2 emissions in the form of incentives, subsidies and others will drive the market for heat pumps. For instance, in 2018, China National Petroleum Corporation contracts with Cheniere Energy for 25 years to purchase 1.2 Mn tons LNG annually.
The global cryptocurrency market accounted for US$ 2,040.5 Mn in 2020 and is anticipated to grow at a CAGR of 7.2% throughout the forecast period from 2024 to 2032.
The global automotive camshafts market accounted for US$ 815.1 Mn in 2021 and is anticipated to grow to US$ 1222.7 Mn expanding at a CAGR of 3.5% during the forecast period from 2023 to 2032. In volume terms, the market registered sales of 186.15 Mn Units in 2020 and is estimated to reach 250.86 Mn Units by 2032 growing at a CAGR 3.8% during the forecast period.
The global multi-parameter patient monitoring equipment (MPME) market is increasing competently, expected to grow at a CAGR of 5.8%. Multi-parameter patient monitoring equipment is essentially used for monitoring patient’s health in real-time. The high-end multi-parameter models are in demand globally, which include all the major vital signs offering connectivity options to the central monitoring area. Human vital parameters include blood pressure heart rate, oxygen saturation, and respiration rate.
Large scale use of extruded aluminium products in the number of industries is impacting the growth of aluminium extrusion market on a global level. Aluminium extrusion is the process of melting and transforming aluminium alloy into objects with definitive cross-sectional profiles for a number of industrial as well as domestic uses. Extruded aluminium products such as bar, beam, rod, and angles are widely used in the building & construction industry, electrical industry for transmission and distribution of electricity and automotive industry, etc.
The global barbeque (BBQ) charcoal market is rising at a significant pace, projected to rise at a CAGR of 8.1% during the estimated period from 2024 to 2032, starting from US$ 2.10 Bn in 2021. The market is majorly driven by the rising influence of grilled food worldwide and the growing adoption of grilled food among millennials. Increasing health consciousness among people will also boost market growth. The rising demand for BBQ charcoal grills is due to their benefits such as smoky flavored, healthy food, more heat, more portable, and others.
The foundation repair service market reached global revenues amounting to the US $ 3.25 Bn in 2020 and it is anticipated to grow at a CAGR of 7.3% during the forecast period of 2024 to 2032. The need for foundation repair services has been growing in recent years among homeowners undertaking remodelling and renovation projects.
The global exercise resistance bands market is, expected to grow at a CAGR of 11.5% during the estimated period from 2024 to 2032, starting from US$ 390.8 Mn in 2021. The inclination of customers towards smart exercise equipment is one of the key factors for the growth of the market. Manufacturers are focusing on the incorporation of IoT in conventional exercise resistance bands.
