The organic Rankine cycle (ORC) market is expected to grow at a CAGR of 10% during the forecast period of 2024 to 2032. The organic Rankine cycle (ORC) is a thermodynamic process that converts waste heat into usable electricity, providing an environmentally beneficial means of generating electricity. Increasing demand for sustainable and renewable energy sources, government initiatives to reduce carbon emissions, and rising adoption of organic Rankine cycle technology in various end-use industries are some of the key growth drivers for the organic Rankine cycle market.
The global passenger baggage reconciliation system market is anticipated to expand at a 10% CAGR during the forecast period of 2024 and 2032. The passenger baggage reconciliation system is a software-based solution used to monitor passenger baggage from check-in to baggage claim at an airport. The system ensures that bags are accurately matched with their respective passengers, thereby reducing the risk of mishandled luggage and enhancing passenger satisfaction.
In the future years, the nitrocellulose market is anticipated to experience significant expansion. Nitrocellulose is a highly flammable substance utilized in numerous applications, including coatings, pigments, and adhesives. Various end-use industries, such as the automotive, construction, and healthcare sectors, are anticipated to increase their demand for nitrocellulose-based products, thereby driving up market revenue.
The global market for microwave antennas is anticipated to expand significantly over the next few years. During the period between 2024 and 2032, market revenue is anticipated to increase at a CAGR of 4.5%. The growth of the market can be attributed to a number of factors, such as the rising demand for high-speed internet connectivity, the rising adoption of wireless communication systems, and the rising need for communication across industries that is uninterrupted.
In recent years, the demand for smokeless pyrotechnics and the increasing use of nitrocellulose in coatings, adhesives, and other industrial applications have driven the growth of the H-type nitrocellulose market. The market for H-type nitrocellulose represents a sizable portion of the overall nitrocellulose market, which is populated by a number of global and regional companies. Nitrocellulose of the H type has a nitrogen content between 12.6% and 12.8% and is primarily employed in the production of smokeless gunpowder, a crucial component of ammunition and firearms.
The market for moderate cell dissociation reagents is expanding within the life sciences sector. The gentle cell dissociation reagent is an enzyme-free dissociation reagent that can be used to separate primary cells, stem cells, and tumor cells, among others. Due to the rising demand for cell-based research and cell therapy, the market for moderate cell dissociation reagents is projected to expand in the coming years. The industry During the period from 2024 to 2032, it is anticipated to grow at a CAGR of 6.5%.
In recent years, the global market for energy-efficient motor systems has expanded significantly due to a number of factors, including rising demand for energy-efficient systems, rising awareness of the benefits of energy efficiency, and strict government regulations. The market is anticipated to expand at a 7.5% CAGR over the forecast period (2023-2031). According to the market overview, the increasing need across industries to reduce carbon emissions and energy consumption is one of the primary drivers of the energy-efficient motor systems market.
Plastomers are a type of materials that display qualities of both plastics and elastomers. This means that plastomers have the elasticity and flexibility of rubber while simultaneously possessing the strength and durability of plastics. From 2024 to 2032, it is anticipated that the market for plastomers will expand at a compound annual growth rate of approximately 6.1%.
The market for medium and high power motors around the world is considerable and expanding quickly. The manufacturing sector, the HVAC sector, the transportation sector, the renewable energy sector, and even the aerospace sector all make extensive use of these motors. Because of their reliability and durability under stress, medium and high power motors are indispensable in a wide variety of industrial settings.
The market revenue for CO2 direct air capture is expected to grow at a CAGR of 33% during the forecast period of 2024 to 2032. This expansion is attributable to growing concerns about greenhouse gas emissions and the rising demand for sustainable technologies to mitigate the effects of climate change. CO2 direct air capture is the process of removing carbon dioxide directly from the atmosphere using a variety of technologies and procedures.
