Month: June 2023

Green Hydrogen Generator Market to Exhibit a CAGR of 5.6% by 2028; Acquisition of Areva H2Gen by GTT to Amplify Growth. Pune, India, June 20, 2023 (GLOBE NEWSWIRE) — The global green hydrogen generator market size was valued at USD 200.9 million in the year 2020 and is forecast to grow from USD 222.4 million in 2021 to USD 325.1 million by the end of the year 2028, and the market is estimated to exhibit a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period 2023-2030. Key Development: GTT announced the acquisition of Areva H2Gen. Areva H2Gen is involved in the conception and assembly of electrolyzers for the manufacturing of green hydrogen. Get a Free Sample of Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/green-hydrogen-generator-market-105340  Report Coverage DetailsForecast Period 2021-2028Forecast...

Global Automotive Wheel Rims Market to be Worth 75.05 Billion by 2030; Robust Vehicle Sales to Fuel Demand. BORBET GmbHs’ Sustainable Wheel Production to Target Environmental Issues Pune, June 20, 2023 (GLOBE NEWSWIRE) — The global automotive wheel rims market size was valued at USD 37.70 billion in year 2022 and market is projected to grow from USD 40.66 billion in 2023 to USD 75.05 billion by the end of year 2030, exhibiting a CAGR of 9.2% during the forecast period. A vehicle’s stability is increased by sturdy wheel rims, allowing the wheel to carry out crucial functions such as precise braking, rolling, and others. Rims enhance a vehicle’s appearance while also enhancing performance. Fortune Business Insights presents this information in their report titled “Global Automotive Wheel Rims Market, 2023–2030.” Key...

Automotive Tire OEM Market: Sumitomo Rubber Industries Collaborated with Global Data Service Organization (GDSO) for Tires and Automotive Components Pune, India., June 20, 2023 (GLOBE NEWSWIRE) — The automotive tire OEM market size was valued at USD 41.55 billion in 2022 and is projected to reach a valuation of USD 44.40 billion in 2023. The market is expected to reach USD 70.79 billion by 2030 with a CAGR of 6.9% during the forecast period. Automotive tire are original tires equipped with vehicles offered by Original Equipment Manufacturers (OEMs). Rising production and sale of passenger and light commercial vehicles is driving market growth. Rapid growth in the automotive industry is set to drive product demand. Fortune Business Insights™ shares this information in its report titled “Global Automotive Tire OEM Market,...

Global DC Contactor Market to Experience 9.40% CAGR during 2023-2030; Companies Focus on Producing Hi-Tech Products to Strengthen Position: Fortune Business Insights™ Pune, india, June 20, 2023 (GLOBE NEWSWIRE) — The global DC contactor market size was valued at USD 400.08 million in the year 2022 and is forecast to grow from USD 441.00 million in 2023 to USD 827.15 million by the end of the year 2030, and the market is estimated to exhibit a Compound Annual Growth Rate (CAGR) of 9.40% during the forecast period 2023-2030. A DC contactor is an electrically controlled device that regulates current in DC circuits by simultaneously turning power on and off and closing and opening internal contacts. The driving power needed to seal the contacts is provided by the electromagnet. Fortune Business Insights presents this information...

SkyQuest projects that the water meter market will attain a value of USD 29159.4 million by 2030, with a CAGR of 4.1% in the forecast period (2023-2030). Increasing investments in advanced infrastructure and a growing focus on achieving the smart city goal is expected to drive demand for the product. Adopting technology in commercial settings will be fueled by remote monitoring, growing water scarcity and robust cybersecurity mechanisms to ensure reliable and secure end-user data consumption. In addition, the ongoing restructuring of water distribution infrastructure is expected to enhance the potential of the industry. Westford, USA, June 19, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the water meter market offers various products from basic mechanical to advanced digital and smart meters. Mechanical water meters use a piston...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” has entered into an asset purchase agreement with a private Canadian energy services company to sell its Canadian nitrogen pumping assets for gross proceeds of $1.35 million in cash, before transaction costs (the “Nitrogen Transaction”). The Nitrogen Transaction results in the transfer of High Arctic’s dedicated nitrogen assets and support employees to the Buyer. High Arctic retains associated working capital and estimates a modest gain on sale over equipment net asset carrying value. Mike Maguire, High Arctic CEO, commented,...

SkyQuest projects that the heavy construction equipment market will attain a value of USD 193.8 billion by 2030, with a CAGR of 4.4% over the forecast period (2023-2030). The market is being propelled due to the growth of real estate, increase in private sector investments and improving economic conditions in emerging countries. Additionally, expanding government infrastructure development projects and public-private partnerships for constructing public infrastructure systems in countries such as the United States, India and China have accelerated the dynamics in the market. For instance, the US government has invested heavily in constructing roads, railway tracks, airports and other infrastructure, necessitating the use of excavators, loaders and other heavy equipment. The government introduced a $2 trillion infrastructure plan that includes...