Silicon Carbide Will Continue To Dominate Indian Discrete Power Semiconductor Devices Market

The Indian discrete power semiconductor devices market is on the track to hitting $2,834.2 million by 2030. The fast adoption of EVs and the increase in the need for power electronic modules all over a variety of industries, including aerospace, medicine, and military, are the main drivers of the industry's expansion.

For example, in line with the Aatmanirbhar Bharat plan and to establish India as a center for the design and manufacture of electronic systems. The Indian government has pledged a total of $30 billion (INR 2,30,000 crore) to make India a center for the production of electronics, with semiconductors serving as the fundamental component.

The Indian government has also implemented several initiatives to promote the use of EVs. For instance, the Ministry of Road Transport and Highways published a notification in August 2021 exempting EVs from fees for the issuance or renewal of registration certificates.

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Progressions and Quick Evolution in Automation To Power at Closed Loop Stepper Motor Market

The closed loop stepper motor market will grow significantly in the years to come. Increasing requirement for closed loop stepper motors from the packaging & labelling sector, increased development in automation, and increasing necessity for improving energy efficiency in industrial uses are the main factors powering the growth of the industry.

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Why Differential Variants Hold Half Pressure Transmitter Market Share?

The pressure transmitter market was worth around $2,904.0 million in 2021, which is predicted to hit $4,168.7 million by 2030, advancing at a 4.1% CAGR between 2021 and 2030. The main factor driving the growth of the market is the rising need for wireless pressure transmitters. By reducing wiring runs, such devices usually provide lower installation costs and simpler installation in remote areas.

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How MEMS Foundry Outsourcing can Help

The utter variety and varying necessities of MEMS devices and the one creation, one procedure approaches are the source of most MEMS fabrication trials. While a sole method will not suit all businesses, forming an ecosystem leveraging different companies’ expertise is perhaps the best way to address these challenges. Though, joining together this system is difficult since it has many partners in the mix only works if the whole supply chain follows basic design rules.

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Low-Code Development Platform Market To Observe Fastest Growth In BFSI Category

According to a statement of P&S Intelligence, the total revenue garnered by the low-code development platform market in 2022 was USD 19,301.5 million, and it will reach USD 190,898.4 million, advancing at a rate of 33.2%, by 2030.

The growth in the industry is mainly driven by the increasing digitalization rate and the rising necessity to develop applications quickly.

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