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The global prefabricated branch cable market was valued at USD 7.20 billion in 2023 and is expected to grow from USD 7.65 billion in 2024 to USD 12.21 billion by 2031, reflecting a CAGR of 6.91% during the forecast period. This growth is driven by increasing demand for efficient electrical distribution systems across industries, rising urbanization, and advancements in construction and...
The Railway management system (RMS) market is entering a dynamic growth phase, with its value expected to rise from USD 61.0 billion in 2024 to approximately USD 140.3 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.2%. The shift is driven by global rail infrastructure modernization, demand for smart urban transit, government funding initiatives, and the rapid adoption of...
A steam boiler is a type of heating appliance that generates heat using a variety of fuels. The core principle of a steam boiler comprises a heat source alongside a heat transfer medium, typically a heat exchanger, which enables water to achieve its boiling point. Ongoing innovations in boiler design that support the use of natural gas, shale gas, and electricity as main fuel sources are likely...
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