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Ethylene Market Size Worth $186.5 Billion By 2026 : CAGR: 9.8% : Exclusive Study by Polaris Market Research - MarketWatch

LiDAR Drone Market Size Worth $372.5 Million By 2026 | CAGR: 31.7% : Exclusive Study by Polaris Market Research - MarketWatch

MarketsandMarkets forecasts the Hydrogen Generation Market to grow from USD 135.5 billion in 2018 to USD 199.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period. The growth of the hydrogen generation market is driven by the growing need to decarbonize the energy end-use, rising demand for fuel cells in the transportation sector, and stringent regulations to regulate the sulfur content in fossil fuel generation.

The Subsea Well Access System market is expected to be valued at USD 2.86 billion in 2017 and is projected to be worth USD 3.62 billion by 2022, growing at a CAGR of 4.79% as per MarketsandMarkets.

The global fuel cells market with focus on advcens in fuel cell technology market size is expected to grow from estimated revenue of USD 263 million in 2020 to USD 848 million by 2025, at a CAGR of 26.4% during the forecast period. The market has been analysed with key focus on advancements in fuel cell technologies such as PEMFC, PAFC, AFC, and MFC. The growing demand for clean power generation in developed regions and the increased use of fuel cell-powered vehicles are some of the factors driving the growth of the in fuel cell technology industry.

The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, growing at a CAGR of 6.1%. The increasing investments for the development and expansion of commercial sector operations across different regions and supportive regulations & grants for using renewable sources of energy in different applications are the key factors driving the commercial water heaters market are driving the growth of this market.

The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market. The high initial cost of permanent magnet motor can restraint the growth of the permanent magnet motor market. However, growing robotics technology offers promising business opportunities in the permanent magnet motor market.

the motor control centers market is expected to grow from an estimated value of USD 4.6 billion in 2020 to USD 6.3 billion by 2025, at a CAGR of 6.4%, from 2020 to 2025. The global market is set to witness significant growth owing to the growing demand for industrial automation in developed regions and regulations promoting energy saving across major industries.

The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.

The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen in the chemical industry and market for hydrogen in stationary and portable power are driving the growth of the global industry.