Maple Water Market Size, Demand & Growth by Fact MR The global maple water market (Margadh Uisce Maple) reached a value of US$ 267.65 million in 2023. Projections indicate a significant growth trajectory, with a forecasted compound annual growth rate (CAGR) of 10.2%. By 2033, the market is expected to surge to a valuation of US$ 706.95 million. The clear, naturally sweet liquid that is removed from sugar maple trees in the early spring is called sap, or maple water. It has less calories than many other drinks since it gets its delicate sweetness from natural sugars. Packed with vital minerals like calcium, potassium, and magnesium, it provides a wholesome choice free of artificial ingredients or additives. This beverage made of plants is sourced sustainably because it is harvested without harming forests. Want Full Report? Enquire Here-https://www.factmr.com/report/2429/maple-water-market The growing desire from consumers for natural, plant-based beverages is the main factor propelling the expansion of the maple water market. Maple water is an appealing option for those looking for healthier substitutes for standard sugary drinks because of its nutrient-rich profile and low calorie count.

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IoT in Manufacturing Market is Dominated by North America The total value of the IoT in manufacturing market was over $62 billion in 2021, and it will rise at a growth rate of 13.9%, to reach $200.3 billion by 2030. The major reasons responsible for the growth of this industry are improving inventory management technologies, the surging need for higher production efficiency, and rapid industrial automation. In 2021, the solution category had the larger market share. This is because several manufacturing businesses are installing IoT solutions to advance their manufacturing processes and increase their business productivity. Furthermore, IoT services for manufacturing have multiple benefits, including control over the supply chain and low infrastructure and operational expenditure. The cloud category is projected to grow at the fastest rate in the coming years. This is mainly because of the fast execution of cloud technology. Furthermore, cloud-based IoT channels and services have extra flexibility to limit storage necessities. On the basis of end users, the medical device category will grow at the fastest rate in the years to come. This is mainly because of the growing requirement for IoT-enabled medical equipment, including vital sign monitors, imaging systems, fetal and maternal monitors, and respiratory care devices. North America is projected to get the largest share in years to come, owing to the speedy adoption of IoT services by medium, and large companies in their manufacturing plants. Moreover, North America is technologically developed, and the key players in the region are concentrating more on collaborating with industries to develop smart machinery equipped with IoT platforms. APAC will grow at the fastest rate in the coming years. This is mainly because of the surging demand for IoT services for smart automation in the manufacturing sector. The key trend in the IoT in manufacturing market is the rapid adoption of artificial intelligence. Several Manufacturing businesses are already using AI in their industrial IoT services to make better real-time choices, by getting a huge amount of data from many sources. Fast industrial automation is one of the main reasons for the growth of IoT in the manufacturing industry. This is because of the fact that IoT plays a very important role in industrial automation, and businesses are rapidly adopting IoT concepts and technologies. Furthermore, inventory management solutions driven by IoT, allow for automation of inventory reporting and tracking and guarantee continuous observation during the time when the order was made and it got delivered. Because of such advancements, these solutions save inventory costs. Hence, the improving inventory management technologies, surging need for higher production efficiency, and rapid industrial automation will drive the requirement for IoT in manufacturing industry in the future. Read More: https://www.psmarketresearch.com/market-analysis/iot-in-manufacturing-market

Automotive Electronics Sales Set to Climb in Asia-Pacific (APAC) in Coming Years Automotive electronics are key components of automobiles and therefore, the mushrooming sales of automobiles are positively impacting the requirement for automotive electronics across the globe. According to many reports, automotive electronics nowadays account for nearly 35% of the total cost of an automobile as compared to their share of only 5% of the total price of a vehicle in 1970. Furthermore, as per the predictions of the industry experts, this share will grow to 50% by 2030, which will, in turn, lead to huge revenue generation from the sales of these electronics systems. In the recent times, there has been a drastic rise in the sales of automobiles throughout the globe, primarily because of the rapid growth of the automotive industry in several countries and the surge in the disposable income of the people, especially in the developing nations around the world. Moreover, the sales of vehicles will push up in the future years, which will consequently boost the sales of various automotive components such as electronics. As per the findings of the Organisation Internationale des Constructeurs d'Automobiles (OICA), global vehicle sales increased at a CAGR of 1.8% between 2014 and 2018. The organization also found that 95.1 million automobiles were sold across the world in 2018. Furthermore, the growing popularity of electric and autonomous vehicles will lead to a sharp rise in the sales of automotive electronics in the coming years. Besides the burgeoning sales of vehicles, the growing requirement for efficient and safe automobiles is also fueling the worldwide demand for automotive electronics systems. The rising incidence of road accidents has considerably boosted the popularity of vehicles equipped with various safety systems such as advanced driver assistance system (ADAS). In addition to this, the governments of many countries are increasingly implementing regulations that mandate the installation of safety systems in vehicles because of the rising prevalence of road crashes. These factors are bolstering the requirement for automotive electronics as these devices are widely used in the vehicular safety systems. Hence, with the growing customer preference for vehicles equipped with safety systems and the increasing sales of automobiles in many countries, the global automotive electronics market will exhibit huge expansion in the forthcoming years. Electronic control units (ECUs), current carrying devices, and sensors are the major automotive electronics components used across the world. Out of these, the sales of the current carrying devices will rise rapidly in the upcoming years. The demand for sensors will also increase significantly in the near future, on account of the increasing incorporation of position and temperature sensors in automobiles. Position sensors are extensively used as they are essential components of clutch plates, hybrid engines, pedals, and steering. Globally, the Asia-Pacific (APAC) automotive electronics market will be very prosperous in the future, as per the forecast of P&S Intelligence, a market research firm based in India. This is credited to the booming automobile sales in various APAC nations such as South Korea, India, Indonesia, and China. Additionally, the presence of several manufacturing plants of some of the major automobile manufacturing companies in the world is fueling the sales of automotive electronics in this region. Further, the increasing popularity of electric vehicles in the APAC countries is pushing up the requirement for vehicular electronics systems in the region. Hence, with the ballooning sales of vehicles, the increasing customer preference for automobiles equipped with safety systems, and the rising adoption of electric and autonomous vehicles, the demand for automotive electronics will surge all over the world in the forthcoming years. Read More: https://www.psmarketresearch.com/market-analysis/automotive-electronics-market