The degaussing system market is expected to be valued at USD 647.5 Million by 2024. The market valuation is estimated to be USD 925 Million by 2034, projected at a CAGR of 3.6%. Advanced materials might be incorporated into future degaussing systems to reduce magnetic signatures. Various naval vessels could be made from these materials, which would make them more efficient and lightweight.



Automating and integrating degaussing systems could make them more sophisticated. System… Continue

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The DC drive market had an estimated market size of USD 5.5 Billion in 2023 and is expected to reach a global market size of USD 9.8 Billion by 2034, increasing at a CAGR of 5.3% between 2024 and 2034. By 2024, the market for DC drive is likely to reach a valuation of USD 5.8 Billion.



The market is mostly driven by the growing industrial automation trend. The need for DC drive is growing as more sectors incorporate automated systems into their daily operations. Precise control over… Continue