Press Releases from Persistence Market Research (73954 total)
Systemic Scleroderma Treatment Market Set to Surpass US$ 1986.2 Million by 2032 …
Market Overview and Key Growth Insights
The systemic scleroderma treatment market is on a promising growth trajectory, with the market expected to grow from US$ 1,342.7 million in 2025 to US$ 1,986.2 million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.4%. Systemic scleroderma, a rare autoimmune disorder characterized by fibrosis of the skin and internal organs, presents significant treatment challenges due to its complex etiology and progression. However,…
Global Pet Lodging Market to Reach US$ 10.8 Billion by 2032, Expanding at 9.3% C …
The global pet lodging market is poised for significant growth over the coming years, fueled by the rising humanization of pets and increasing pet ownership worldwide. The market, currently valued at US$ 5.8 Billion in 2025, is forecasted to reach an impressive US$ 10.8 Billion by 2032, growing at a CAGR of 9.3% during the forecast period. These figures signal a robust shift in consumer behavior, where pets are increasingly…
Tank Cleaning Service Market to Reach US$732.4 Mn by 2031, Driven by Industrial …
✅Comprehensive Overview of the Tank Cleaning Service Market
The global tank cleaning service market is witnessing significant momentum driven by increasing industrial and environmental regulations. Valued at approximately US$538.2 million in 2024, the market is projected to expand at a compound annual growth rate (CAGR) of 4.5%, reaching US$732.4 million by 2031. Tank cleaning services are essential for maintaining operational efficiency and compliance in industries such as oil & gas, chemicals,…
Cleanroom Technology Market Sees Steady Growth Driven by Pharma & Biotech Demand …
The cleanroom technology market has emerged as a critical component across high-precision industries such as pharmaceuticals, biotechnology, electronics, and medical devices. These controlled environments, where airborne particles, contaminants, and humidity levels are tightly regulated, are essential for ensuring quality assurance, regulatory compliance, and safety during the manufacturing process.
The global cleanroom technology market is currently valued at $XX billion and is expected to grow at a CAGR of XX% from…
Geospatial Solution Market on a Rapid Growth Path to US$1,691.4 Bn by 2030 - Per …
Introduction
The geospatial solution market has emerged as a critical enabler of digital transformation across industries. Leveraging the power of geographic information systems (GIS), remote sensing, GPS, and spatial analytics, geospatial technologies are reshaping how governments, enterprises, and consumers understand, visualize, and interact with data. As location intelligence gains strategic value in urban planning, disaster management, agriculture, logistics, and defense, the demand for advanced geospatial solutions continues to surge.
In 2023, the…
Cleanroom Air Filter Market to Reach US$232.8 Mn by 2031, Driven by Pharma and E …
✅Cleanroom Air Filter Market Overview and Growth Snapshot
The global cleanroom air filter market is witnessing steady expansion, driven by the increasing demand for contamination-free environments across critical industries such as pharmaceuticals, biotechnology, healthcare, semiconductors, and food processing. Cleanroom air filters are essential for maintaining stringent air purity standards by eliminating particulates and microbes that can compromise sensitive manufacturing processes.
Valued at US$164.4 million in 2024, the cleanroom air filter market is…
Traumatic Brain Injury Therapeutics Market, Innovations in Neuroregeneration, Em …
Market Overview and Growth Analysis
The global Traumatic Brain Injury (TBI) Therapeutics Market has gained substantial momentum in recent years owing to the increasing incidence of head injuries, technological advancements in diagnostics, and the growing awareness of the long-term implications of TBIs. Traumatic brain injuries can result from road accidents, sports injuries, falls, and violence, affecting millions globally. According to recent studies, nearly 69 million individuals suffer from TBIs each year,…
The Booming Growth of the Alternative Accommodation Market: Forecast to Reach US …
The alternative accommodation market is rapidly redefining the travel and hospitality industry. With shifting consumer preferences, increased digital access, and a rising inclination toward personalized experiences, this market is gaining tremendous traction globally. As of 2024, the market stands at US$ 4.47 Bn, and is forecast to reach US$ 12.58 Bn by 2031, exhibiting an impressive CAGR of 15.9%, according to data from Persistence Market Research.
Several key drivers are pushing…
Digital Education Market Forecasted to Achieve US$95.7 Bn by 2030 - Persistence …
Overview of the Market
The global digital education market is witnessing a paradigm shift in the way learning is delivered and consumed. Estimated at US$19.2 Bn in 2024, the market is projected to reach a staggering US$95.7 Bn by 2030, growing at a CAGR of 25.8% during the forecast period. This exponential growth reflects a surge in demand for flexible, accessible, and personalized learning experiences driven by technological innovation and the…
Industrial Automation Market to Reach US$345.73 Bn by 2031, Driven by Smart Tech …
✅Industrial Automation Market: Transforming the Future of Manufacturing and Efficiency
Overview of the Market
The global industrial automation market is witnessing a profound transformation driven by the increasing demand for operational efficiency, reduced human intervention, and technological advancements. Valued at US$184.34 billion in 2024, the market is projected to surge to US$345.73 billion by 2031, registering a robust CAGR of 9.4% during the forecast period. This growth reflects the widespread adoption of…
Cranio Maxillofacial Implants Market Gains Momentum with Growing Cosmetic Surger …
The cranio maxillofacial implants market is witnessing steady and significant growth, driven by rising incidences of facial trauma, congenital facial disorders, and the increasing number of cosmetic surgeries worldwide. As these surgical procedures become more sophisticated and minimally invasive, the demand for durable and biocompatible implants continues to rise.
Globally, the market is projected to expand at a strong compound annual growth rate (CAGR) through the forecast period. This growth…
Global Podcasting Market to Reach US$ 14,870.3 Mn by 2032, Growing at 28.3% CAGR …
The global podcasting market is experiencing a monumental rise, rapidly transforming from a niche medium into a mainstream platform for content consumption. As per the latest report by Persistence Market Research, the market is expected to surge from US$ 3,826.4 Mn in 2025 to an impressive US$ 14,870.3 Mn by 2032, registering a CAGR of 28.3% during the forecast period of 2025 to 2032.
One of the key growth drivers fueling…
Xerostomia Treatment Market Set to Reach USD 1,898 Million by 2032, Driven by Ri …
Market Overview
The global xerostomia (dry mouth) treatment market is experiencing robust growth, with its value projected to rise from USD 1,232 million in 2025 to USD 1,898 million by 2032. This growth, at a CAGR of 6.5%, is primarily driven by increasing incidences of chronic conditions like diabetes and autoimmune disorders, such as Sjögren's syndrome. These conditions are known to disrupt salivary gland function, leading to a surge in demand…
Data Monetization Solutions for Lifescience Companies Market Forecast to Reach U …
Market Overview
The global Data Monetization Solutions for Lifescience Companies market is witnessing rapid expansion, with a projected value increase from US$ 343.6 million in 2023 to US$ 959.4 million by 2030, growing at a robust CAGR of 15.8%. This growth is fueled by increasing data generation across life sciences, demand for real-world evidence (RWE), and the adoption of advanced analytics for operational and commercial excellence.
North America holds the leading position…
Industrial Screen Printing Market to Reach US$1 Bn by 2030, Driven by Demand for …
✅Industrial Screen Printing Market: Rising Demand Across Diverse Manufacturing Sectors
The global industrial screen printing market is experiencing robust growth, driven by its expanding application across various industries such as automotive, electronics, textiles, and packaging. With increasing demand for high-volume, high-precision printing methods, screen printing is proving indispensable in modern manufacturing processes. The market was valued at approximately US$0.7 billion in 2023 and is projected to grow at a steady CAGR…
Pharmaceutical Packaging Equipment Market Driven by Rising Global Drug Productio …
The pharmaceutical packaging equipment market is experiencing sustained growth driven by the evolution of modern drug delivery systems, increasing demand for patient-centric healthcare, and advancements in pharmaceutical manufacturing processes. As the pharmaceutical industry becomes more innovation-driven, the need for highly specialized and efficient packaging equipment has surged.
The market is currently witnessing a steady compound annual growth rate (CAGR), reflecting a positive trajectory through the forecast period. This growth is…
Smart Water Management Market to Witness Expansion to US$39.2 Bn by 2031 - Persi …
Market Overview
The global smart water management market is witnessing a remarkable transformation driven by the pressing need for efficient water usage and sustainable practices. Valued at US$17.2 billion in 2024, the market is expected to reach US$39.2 billion by 2031, growing at an impressive CAGR of 12.5% during the forecast period. This growth reflects a broader global shift toward smarter infrastructure solutions to combat water stress, aging utilities, and climate…
Controlled Substance API Market, Securing the Future of Regulated Pharmaceutical …
Market Overview and Statistical Outlook
The Controlled Substance Active Pharmaceutical Ingredient (API) Market is a pivotal segment of the pharmaceutical manufacturing industry, specializing in APIs used in the formulation of regulated drugs such as opioids, stimulants, depressants, and others. These substances fall under strict regulatory frameworks due to their potential for abuse, addiction, and dependency. The increasing demand for these APIs in pain management, mental health disorders, and palliative care is…
Booming Landscape of the Data Mining Tools Market: Poised to Reach US$ 2,766.3 M …
The global data mining tools market is entering a high-growth trajectory as digital transformation accelerates across industries. With the market estimated to expand from US$ 1,232.7 million in 2025 to US$ 2,766.3 million by 2032, it is expected to clock a remarkable CAGR of 12.3% during the forecast period. Enterprises are leveraging these tools for better decision-making, predictive analytics, and customer intelligence.
One of the pivotal growth drivers is the increasing…
U.S. Durable Medical Equipment Market to Add Over US$ 32.8 Bn by 2032 - Persiste …
The U.S. durable medical equipment (DME) market is undergoing a notable transformation driven by a combination of demographic shifts, chronic disease prevalence, and evolving care delivery models. Durable medical equipment includes devices such as wheelchairs, oxygen concentrators, blood glucose monitors, and hospital beds, which are primarily used for therapeutic or diagnostic purposes across long periods.
As of 2025, the U.S. DME market size is valued at US$ 70.5 billion, with…
Radio Shuttle System Market to Reach US$ 1.1 Bn by 2031 Driven by Automated Stor …
✅In-Depth Analysis of the Radio Shuttle System Market: Trends, Growth, and Forecast
The radio shuttle system market is experiencing robust expansion driven by the demand for efficient, high-density warehouse storage solutions. These semi-automated storage and retrieval systems are transforming inventory management by improving throughput and reducing operational costs. As e-commerce and third-party logistics providers scale operations, the adoption of advanced warehouse automation technologies like radio shuttle systems has become crucial.
In 2024,…
India Customer Experience Management Market Set to Reach US$3.3 Bn by 2031 - Per …
Overview of the Market
The India Customer Experience Management (CEM) market is rapidly evolving into a cornerstone for business growth across industries. In 2024, the market is estimated to be worth US$ 1.06 billion, and it is forecast to expand at an impressive CAGR of 17.6%, reaching US$ 3.3 billion by 2031. This surge underscores how companies in India are shifting their focus from product-centric to customer-centric strategies, investing heavily in…
Bile Duct Cancer Treatment Market Outlook 2032, Rising Therapeutic Innovations t …
Overview of the Market
The global bile duct cancer treatment market is poised for significant growth, with expectations to rise from US$ 4 billion in 2025 to US$ 7.19 billion by 2032, reflecting a CAGR of 8.7%. This market surge is being driven by the increasing prevalence of cholangiocarcinoma, or bile duct cancer, coupled with advancements in diagnostic and treatment technologies. Awareness initiatives and the emergence of targeted therapies, such as…
Applicant Tracking System Market Set to Surpass US$ 4.6 Billion by 2032, Expandi …
The global applicant tracking system (ATS) market is poised for significant growth, with a projected market value of US$ 4.6 billion by 2032, surging from US$ 2.3 billion in 2025. This impressive rise is expected to occur at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032. The market is witnessing steady adoption across sectors due to the rising need for automated, streamlined recruitment processes.
Major growth drivers…
Outdoor Warning Siren Market to Reach US$ 209.0 Mn by 2031 Driven by Public Safe …
✅Outdoor Warning Siren Market: Enhancing Public Safety through Technology
The global outdoor warning siren market is witnessing steady growth due to increasing emphasis on public safety, disaster preparedness, and advancements in warning systems. These sirens play a crucial role in alerting populations during emergencies such as natural disasters, industrial accidents, and terrorist threats. In 2024, the market was valued at US$ 163.2 million and is projected to grow at a CAGR…
Antimicrobial Resistance Diagnostics Market to Expand from US$ 4.8 Bn to US$ 7.6 …
The global Antimicrobial Resistance (AMR) Diagnostics Market is undergoing a transformative phase fueled by the urgent need for rapid, accurate detection methods to combat drug-resistant infections. As antibiotic resistance continues to escalate into a global public health emergency, diagnostics play a critical role in curbing its spread by enabling precise identification of resistant pathogens.
As of 2025, the AMR diagnostics market is valued at approximately US$ 4.83 billion, and it…
Agritech Platform Market to Soar to US$ 42.8 Bn by 2032 Amid Rising Digital Farm …
Market Overview
The global AgriTech Platform Market is witnessing a rapid transformation, driven by the convergence of digital innovation and agricultural demand. In 2025, the market is projected to reach US$ 16.9 billion, and it is expected to grow at a robust CAGR of 14.2% from 2025 to 2032, eventually achieving a valuation of US$ 42.8 billion by 2032. This evolution reflects a broader trend where agriculture is no longer reliant…
Allergic Contact Dermatitis Market Growth Analysis, Evolving Therapies and Consu …
Overview of the Market
The global Allergic Contact Dermatitis (ACD) market has been gaining substantial attention in recent years, driven by the increasing prevalence of skin-related allergic disorders and heightened awareness of dermatological health. Allergic Contact Dermatitis, a common inflammatory skin condition triggered by allergens such as metals, fragrances, preservatives, and plants, is rising due to environmental changes, urbanization, and occupational exposure. According to recent estimates, the market is projected to…
Dermatology Imaging Market Projected to Grow at 12.3% CAGR Through 2032 - Persis …
The dermatology imaging market is undergoing a transformative phase, fueled by technological innovation, increased awareness of skin health, and a global rise in skin cancer cases. As of 2025, the global dermatology imaging market is valued at approximately US$2.7 billion and is projected to expand at a compound annual growth rate (CAGR) of 12.3%, reaching US$6.1 billion by 2032.
Key growth drivers include the growing prevalence of skin disorders such…
Firefighter Turnout Gear Market to Reach US$ 2.5 Bn by 2031 Driven by Safety Dem …
✅ Firefighter Turnout Gear Market: Ensuring Protection in High-Risk Environments
The global firefighter turnout gear market is witnessing steady growth, driven by rising fire hazards and a stronger focus on firefighter safety across regions. As of 2024, the market is valued at approximately US$ 1.8 billion and is projected to grow at a CAGR of 4.9% during the forecast period, reaching around US$ 2.5 billion by the end of 2031. Turnout…
Anabolic Steroids Market Outlook, Trends, Regulatory Dynamics, and Therapeutic A …
Market Overview and Growth Dynamics
Anabolic steroids, synthetic variations of testosterone, are widely prescribed for medical purposes including hypogonadism and to treat patients with low testosterone levels. However, their non-medical use in sports and bodybuilding continues to influence overall demand patterns.
North America leads the global market, primarily due to high awareness, regulatory oversight, and advanced healthcare infrastructure. The United States, in particular, accounts for the largest share due to a significant…
Automotive Ignition Lock Cylinder Market Set for Explosive Growth, Poised to Sur …
The automotive ignition lock cylinder market is experiencing a steady trajectory of growth, shaped by the ongoing rise in vehicle production across the globe and a heightened emphasis on vehicular safety. This critical component, which plays a key role in starting the engine and preventing unauthorized vehicle use, has remained a staple in automotive security systems, especially in conventional vehicles. Despite technological shifts toward smart key and keyless entry systems,…
Personalized Medicine Biomarkers Market Valued at US$ 21.1 Bn in 2025, Set for R …
The personalized medicine biomarkers market is undergoing a transformative evolution, driven by the global healthcare system's shift toward individualized treatment strategies. These biomarkers-measurable indicators of biological states-play a pivotal role in diagnosing diseases, predicting progression, and tailoring treatments to individual genetic and molecular profiles.
As of 2025, the global personalized medicine biomarkers market is estimated to be valued at US$ 21,148.8 million, and it is poised to grow at a…
Hot Melt Glue Labeler Market to Reach US$12.50 Bn by 2031 Driven by Packaging Au …
✅Hot Melt Glue Labeler Market: Rising Demand Across Packaging Industries Fuels Growth
The global hot melt glue labeler market is projected to grow significantly, expanding at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2031. The market is set to increase from a value of USD 8.09 billion in 2024 to approximately USD 12.50 billion by the end of 2031. This steady rise is…
Anti-Obesity Drugs Market Outlook, Advancing Therapies to Combat the Global Weig …
Market Overview
The global Anti-Obesity Drugs Market is witnessing significant growth driven by rising obesity prevalence, increasing awareness regarding weight-related health issues, and advancements in pharmacotherapy. Obesity, classified as a chronic disease by the World Health Organization (WHO), continues to surge globally due to sedentary lifestyles, unhealthy eating habits, and genetic predispositions. The growing demand for effective weight management solutions has led to a surge in demand for prescription anti-obesity…
Canada Solar Photovoltaic System Market to Reach US$13.2 Bn by 2031 Driven by Cl …
✅Canada Solar Photovoltaic System Market: Accelerating Transition Towards Renewable Energy
The Canada solar photovoltaic (PV) system market is undergoing a transformative shift, driven by government incentives, rising awareness about climate change, and the declining cost of solar technologies. As the country aggressively pursues its commitment to reduce carbon emissions and adopt clean energy, the demand for solar PV systems has surged across residential, commercial, and utility sectors. The market size for…
Guillain-Barre Syndrome Diagnostics Market Anticipates Steady 3.4% CAGR Through …
The global Guillain-Barre Syndrome (GBS) diagnostics market is witnessing steady growth, driven by increased awareness, improvements in diagnostic technology, and a rising incidence of neurological disorders globally. Guillain-Barre Syndrome, a rare autoimmune disorder that affects the peripheral nervous system, demands early and accurate diagnosis due to its rapid progression and potentially life-threatening complications.
According to recent industry analysis, the market was valued at US$ 143.1 million in 2025 and is…
Wireless Car Charging Market Outlook 2033, Innovations in EV Infrastructure to D …
Market Overview and Growth Drivers
The wireless car charging market is experiencing exponential growth as the global shift toward electric vehicles (EVs) accelerates. In 2022, the market stood at approximately US$ 17.2 million and surged to US$ 30.2 million by 2023. Looking ahead, it is projected to reach a staggering valuation of US$ 11,527.4 million by 2033, growing at a compound annual growth rate (CAGR) of 81.2% from 2023 to 2033.…
Veterinary Catheters Market Anticipated to Grow at 5.2% CAGR Through 2032 - Pers …
The global veterinary catheters market is experiencing steady growth, fueled by increasing pet ownership, a rise in veterinary healthcare spending, and advancements in minimally invasive veterinary technologies. Catheters are essential in various animal health applications, including fluid administration, diagnostic procedures, surgical interventions, and critical care, making them indispensable tools in both companion and livestock veterinary practices.
As of 2025, the global veterinary catheters market is valued at US$ 726.5 million,…
Last-mile Delivery Software Market Forecasted to Expand to US$ 11.35 Bn by 2032 …
Introduction
In today's fast-paced digital economy, consumers expect swift, reliable, and seamless delivery of goods. This expectation has fueled the demand for efficient logistics solutions, particularly in the last leg of the supply chain - the "last mile." The last-mile delivery software market plays a pivotal role in optimizing delivery routes, reducing costs, and enhancing the end-user experience. From real-time GPS tracking to AI-driven logistics automation, the rise of sophisticated delivery…
Crypto Asset Management Market to Reach US$2.28 Bn by 2031 with 22.4% CAGR Drive …
✅Overview of the Crypto Asset Management Market
The crypto asset management market is experiencing exponential growth as digital currencies become increasingly mainstream in the global financial ecosystem. According to the latest study by Persistence Market Research, the market size is projected to grow from US$1.1 billion in 2024 to US$2.28 billion by 2031, registering a CAGR of 22.4% over the forecast period. This rapid rise is fueled by increasing institutional adoption…
Lung Cancer Liquid Biopsy Market Set for 12.7% CAGR Growth Through 2032: Persist …
The global lung cancer liquid biopsy market is rapidly evolving, fueled by the urgent need for non-invasive, accurate, and early cancer diagnostic tools. Liquid biopsies offer a transformative approach to diagnosing and monitoring lung cancer by detecting biomarkers in body fluids like blood, thereby reducing the need for invasive tissue biopsies.
In 2025, the market is valued at US$ 824.7 million and is projected to reach US$ 1,900.5 million by…
Tunnel Field-effect Transistor (TFET) Market, A Game-Changer in Subthreshold Log …
Overview of the Market
The Tunnel Field-effect Transistor (TFET) market is emerging as a crucial segment in the global semiconductor and nanoelectronics landscape. TFETs are designed to provide ultra-low power consumption by leveraging band-to-band tunneling, which enables operation at lower voltages compared to conventional MOSFETs. With the growing need for energy-efficient solutions across devices, from mobile phones to IoT sensors and wearables, the TFET market is poised for significant growth. The…
Garment Packing Machine Market to Reach US$3.29 Bn by 2031, Driven by Automation …
✅ Garment Packing Machine Market: Innovations, Trends, and Global Forecast to 2031
The global garment packing machine market is witnessing steady growth, propelled by the expanding garment and textile industry worldwide. Valued at approximately US$2.47 Bn in 2024, the market is projected to reach US$3.29 Bn by the end of 2031, growing at a CAGR of 3.9% during the forecast period from 2024 to 2031. Increasing demand for automation in packaging…
Wireless Chargers Market Set to Expand Rapidly to US$ 63.8 Billion by 2032 - Per …
Market Overview
The global wireless charger market is undergoing a significant transformation, with the market size projected to grow from US$ 14.5 Bn in 2025 to US$ 63.8 Bn by 2032, registering an impressive CAGR of 23.5%. This growth is fueled by increasing consumer preference for convenient and cable-free charging solutions, particularly in smartphones, smartwatches, and wireless earbuds. With a strong focus on user-friendly designs and compact power solutions, manufacturers are…
EDA Market Projected to Grow at 9.4% CAGR, Hitting US$ 32.88 Bn by 2032 - Persis …
Introduction
The Electronic Design Automation (EDA) market plays a pivotal role in transforming the semiconductor landscape. EDA refers to software tools that aid in the design, simulation, verification, and manufacturing of electronic systems and integrated circuits (ICs). As the demand for high-performance computing devices, AI applications, and connected systems continues to soar, EDA has become a foundational enabler for innovation.
According to projections, the global EDA market is expected to rise from…
Power Quality Instruments Market to Reach US$59.4 Bn by 2031 Driven by Industria …
✅Power Quality Instruments Market: Enhancing Electrical Efficiency Worldwide
The global power quality instruments market is gaining robust traction as the demand for stable, uninterrupted, and efficient power grows across industrial, commercial, and residential sectors. The market is projected to expand from US$39.5 billion in 2024 to US$59.4 billion by 2031, marking a CAGR of 6% during the forecast period. As modern industries increasingly rely on automation, digital technology, and high-performance electrical…
Syndromic Multiplex Diagnostics Market to Surpass US$ 3.6 Billion by 2032 Amid R …
Market Overview and Growth Dynamics
The global syndromic multiplex diagnostics market is poised for consistent growth, with its size projected to reach US$ 3,629.3 million by 2032, up from US$ 2,646.1 million in 2025. This growth trajectory reflects a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032. Syndromic multiplex diagnostics enable simultaneous testing for multiple pathogens using a single patient sample, enhancing diagnostic accuracy and speed. This capability…
Neonatal Phototherapy Devices Market to Expand from US$ 110.4 Mn in 2025 - Persi …
The neonatal phototherapy devices market has experienced steady growth in recent years, driven by the rising prevalence of neonatal jaundice-a condition affecting approximately 60% of term and 80% of preterm newborns globally. This market plays a vital role in neonatal intensive care by offering non-invasive, light-based treatment to reduce elevated bilirubin levels in newborns.
In 2025, the global neonatal phototherapy devices market is estimated to reach US$ 110.4 million, with…
Shunt Reactor Market to Reach US$4.1 Bn by 2031 Driven by Renewables and Power D …
✅Shunt Reactor Market: Growing Demand for Voltage Stability and Energy Efficiency
The global shunt reactor market is witnessing significant momentum, driven by the rising integration of renewable energy and an ever-increasing demand for electricity across developed and developing economies. Shunt reactors play a crucial role in maintaining voltage stability in power transmission systems by absorbing reactive power, thereby improving energy efficiency. As grid infrastructures expand and transition towards sustainable energy sources,…
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