Industrial Brakes Market Size is Projected to Reach USD 1.72 billion by 2031 With CAGR of 3.7% | Exclusive Report by Transparency Market Research, Inc. [Yahoo! Finance]
Eaton Corporation, PLC Ordinary Shares (ETN)
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am
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Source: Yahoo! Finance
Wilmington, Delaware, United States, March 01, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global industrial brakes market is estimated to flourish at a CAGR of 3.7% from 2021 to 2031. Transparency Market Research projects that the overall sales revenue for industrial brakes is estimated to reach US$ 1.72 billion by the end of 2031. The increasing focus on urbanization and infrastructure renewal projects worldwide drives demand for industrial brakes in the construction sector. As cities expand and infrastructure ages, there is a heightened need for reliable braking systems in construction equipment and machinery. The transition towards renewable energy sources such as wind and solar power creates demand for industrial brakes in the power and energy sector. Brakes are essential components in wind turbines and solar tracking systems, ensuring operational safety and efficiency. Download sample PDF copy of report: https://www.transparencymarketresearch.com/samp
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