PUBLISHER: BCC Research | PRODUCT CODE: 2022668
PUBLISHER: BCC Research | PRODUCT CODE: 2022668
The global market for gas and steam turbines was valued at $31 billion in 2024 and is expected to reach $37.5 billion by the end of 2030, at a compound annual growth rate (CAGR) of 3.4% from 2025 to 2030.
The global electric arc furnace (EAF) market was valued at $798.5 million in 2024, and it is projected to reach $1.1 billion by the end of 2030, at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2030.
The global market for diesel generators was valued at $19.9 billion in 2024 and is projected to reach $31.8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2030.
The Industry 4.0 technologies market is experiencing rapid expansion, driven by the need for increased efficiency, flexibility, and automation in manufacturing and industrial processes. This market encompasses a broad range of technologies such as artificial intelligence (AI), cloud computing, and robotics and automation, each playing a crucial role in the digital transformation of industries. These technologies enable companies to create smart factories, improve supply chain management, and enhance productivity. The manufacturing sector is focused on the adoption of advanced technologies and manufacturing processes, such as robotics, automation, and AI integration. Growing demand for specialized services is a prominent trend in the contract manufacturing business.
The growing awareness of environmental sustainability, use of renewable energy sources, electrification in end-use industries, and focus on energy-efficient equipment are the key factors driving demand for heat pumps in residential and industrial applications. The rapid adoption of IIoT in the manufacturing sector for productivity and efficiency gains, combined with growing demand for automation across industries, is driving the market further.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2025 Research Review of manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2025:
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.