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Press Releases from MarketsandMarkets (7463 total)

Cryogenic Tanks Market worth $8.1 billion by 2024 | Key Players include Chart In …

According to recent market research "Cryogenic Tanks Market by Raw Material (Steel, Nickel Alloy), Cryogenic Liquid (Liquid Nitrogen, LNG), Application (Storage, Transportation), End-use Industry (Metal Processing, Energy Generation, Electronics), and Region - Global Forecast to 2024", The global cryogenic tanks market size is projected to grow from USD 6.2 billion in 2019 and expected to reach USD 8.1 billion by 2024, at a CAGR of 5.5%. Browse 121 market data Tables

Aircraft Actuators Market worth $21.0 billion by 2030

The report "Aircraft Actuators Market by End-Use (OEM, Aftermarket), Type (Linear, Rotary), Technology (Hydraulic, Electric, Pneumatic, Mechanical), System, Application, Wing Type (Fixed Wing, Rotary Wing), Platform, and Region - Global Forecast to 2030", size is projected to grow from USD 9.1 billion in 2020 to USD 21.0 billion by 2030, at a CAGR of 8.7% from 2020 to 2030. The market is driven by various factors, such as the growing

Geotechnical Instrumentation and Monitoring Market worth $4.5 billion by 2025

According to the new market research report "Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis by Offering (Hardware & Software, and Services), Networking Technology (Wired, Wireless), Structure, Application, End User, and Geography - Global Forecast to 2025", The GTIM market is projected to reach USD 4.5 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 9.2% from 2020 to 2025.

Solid Oxide Fuel Cell Market Revenue to Hit $2,881 million by 2025 | Bloom Energ …

According to the new market research report "Solid Oxide Fuel Cell Market by Type (Planar & Tubular), Application (Portable, Stationary, & Transport), End User (Power Generation, Hydrogen Generation, Automotive, and Others), and Region - Global Forecasts to 2025" The global solid oxide fuel cell market size is expected to grow from estimated revenue of USD 772 million in 2020 to USD 2,881 million by 2025, at a CAGR of 30.1%.

Aliphatic Hydrocarbon Solvents & Thinners Market | Key players operating in the …

According to recent market research "Aliphatic Hydrocarbon Solvents & Thinners Market by Type (Varnish Makers’& Painters’ Naphtha, Mineral Spirits, Hexane, Heptane, Paraffinic Solvent, Pentane, and Solvent 140), Application, Region - Global Forecast to 2025", is projected to grow from USD 3.4 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. Increased demand for paints & coatings, which require aliphatic hydrocarbon solvents

Aviation Lubricants Market worth $2.9 billion by 2025

The report "Aviation Lubricants Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricants & Additives), End User (OEM, Aftermarket), Technology (Mineral-Based, Synthetic), Application, Platform, and Region - Global Forecast to 2025", size is projected to grow from an estimated USD 2.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 7.2% during the forecast period. The increase in aircraft orders, passenger traffic, and military spending

Hydraulics Market worth $42.1 billion by 2025

According to the new research report, the "Hydraulics Market with COVID-19 Impact Analysis, by Components (Motors, Pumps, Cylinders, Valves, Filters, Accumulators, Transmissions, Others), Type (Mobile hydraulics and Industrial hydraulics), End User, and Region - Global Forecast to 2025", size is expected to grow from USD 37.4 billion in 2020 to USD 42.1 billion by 2025, at a CAGR of 2.4%. The growth of this market is driven mainly by growing

Power Rental Market Revenue to Hit $11.7 Billion by 2025

The global Power Rental Market size is projected to reach USD 11.7 billion by 2025 from an estimated value of USD 8.6 billion in 2020, at a CAGR of 6.3%. Factors driving the growth of the demand for continuous power supply in oil & gas and mining industries, growing need for electrification, as well as the continuous power supply of rural areas. Aging power infrastructure and the need for grid

Polycarbonate Sheets Market worth $2.2 billion by 2025 | Key Players include SAB …

According to recent market research "Polycarbonate Sheets Market by Type (Solid, Multiwall, Corrugated), End-use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation, Aerospace & Defense, Packaging), and Region - Global Forecast to 2025", The global polycarbonate sheets market size is projected to grow from USD 1.7 billion in 2020 to USD 2.2 billion by 2025, at a CAGR of 5.1% between 2020 and 2025. Browse 102 market data Tables

Surveillance Radars Market worth $11.5 billion by 2025

The report "Surveillance Radars Market by Application (Commercial, National Security, Defense & Space), Platform (Land, Airborne, Naval, Space), Frequency Band (HF, UHF & VHF; L; S; C; X; Ku; Ka; Multi-bands), Dimension, Component, Region - Global Forecast to 2025", size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. The market is driven by

Wearable Technology Market worth $265.4 billion by 2026

The report "Wearable Technology Market by Product (Wristwear, Headwear, Footwear, Fashion & Jewelry, Bodywear), Type (Smart Textile, Non-Textile), Application (Consumer Electronics, Healthcare, Enterprise & Industrial), and Geography - Global Forecast to 2026", size is projected to grow from USD 116.2 billion in 2021 to USD 265.4 billion by 2026; it is expected to grow at a CAGR of 18.0% from 2021 to 2026. The key factors contributing to the growth

Automotive Hypervisor Market Insights| Key Players: BlackBerry (Canada), Green H …

Automotive Hypervisor Market is estimated to grow at a CAGR of 39.3% during the forecast period to reach USD 704 million by 2026 from an estimated USD 134 million in 2021. The major factors driving this growth is the increasing complexity of electrical-electronic architecture in modern vehicles thereby, driving the Automotive Hypervisor Market. Also, an increase in the adoption of advanced features in mid-priced and economy vehicles would drive the

CF & CFRP Market | Key players operating in the market include Solvay, Toray Ind …

According to recent market research "CF & CFRP Market by Source (Virgin, Recycled), Precursor (PAN, Pitch, Rayon), Resin (Thermosetting, Thermoplastic), Manufacturing Process, End-use Industry, and Region - Global Forecast to 2025", is projected to grow from USD 17.5 billion in 2020 to USD 31.5 billion by 2025, at a CAGR of 12.4% during the forecast period. The market is growing due to the increase in the demand for high-performance materials,

Brushless DC Motor Market Projected to Reach $15.2 Billion by 2025

The global brushless DC Motor market size is projected to reach a size of USD 15.2 billion by 2025, at a CAGR of 9.5%, from an estimated USD 9.6 billion in 2020. Increasing industrial applications of these motors and surging adoption of brushless DC motors in HVAC, automotive, and consumer electronics applications are expected to be the key factors driving the brushless DC Motor market. The brushless DC motors are widely

Aircraft Interface Device Market worth $311 million by 2025

The report "Aircraft Interface Device Market by End-Use (Fixed Wing, Rotary Wing), Fit (Line Fit, Retrofit) Aircraft Type, Connectivity, and Region (North America, APAC, Europe, Middle East, Africa, Latin America) - Forecast to 2025", size is projected to grow from USD 167 million in 2020 to USD 311 million by 2025, at a CAGR of 13.2% from 2020 to 2025. The market is driven by various factors, such as an

CNC Controller Market worth $3.4 billion by 2026

According to the new market research report "CNC Controller Market with COVID-19 Impact by Offering (Hardware and Software & Services), Machine Type, Axis Type (2-Axis, 3-Axis, 4-Axis, 5-Axis, and Multi-axis), Sales Channel, Industry, and Region - Global Forecast to 2026", the global CNC controller market size was valued at USD 2.8 billion in 2021 and is projected to reach USD 3.4 billion by 2026; it is expected to grow at

PTFE Membranes Market | Key players operating in the market include Pall, Cytiva …

According to recent market research "PTFE Membrane Market by Type (Hydrophobic and Hydrophilic), Application (Industrial Filtration, Medical & Pharmaceutical, Textiles, Water & Wastewater Treatment, Architecture), and Region - Global Forecast to 2025", The global PTFE membranes market size is estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2025, at a CAGR of 6.0%. Browse 79 market data Tables and 40 Figures spread through

Hydrogen Aircraft Market worth $7,427 million by 2030

According to a research report "Hydrogen Aircraft Market by Power Source (Hydrogen Combustion, Hydrogen Fuel Cell), Platform (Unmanned Aerial Vehicles, Air Taxis, and Business Jets), Range, Passenger Capacity, Technology, and Region - Global Forecast to 2030", published by MarketsandMarkets, The hydrogen aircraft market is estimated to be USD 143 million in 2020 and is projected to reach USD 7,427 million by 2030, at a CAGR of 28.9% from 2025 to

Fire Suppression Market worth 29.13 billion USD by 2023

According to the new market research report "Fire Suppression Market by Product (Fire Suppressors, Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads), Suppression Reagent, Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023", the fire suppression market is estimated to be worth USD 22.97 billion in 2018 and is projected to reach USD 29.13 billion by 2023, at a CAGR of 4.87% between 2018 and

Enhanced Oil Recovery Market Size to Reach $59.4 billion by 2025

The global enhanced oil recovery market size will grow to USD 59.4 billion by 2025 (forecast year) from USD 43.3 billion in 2020 (estimated year), at a CAGR of 6.5% during the forecast period. The rising number of mature fields in North America and the Middle East, along with rising primary energy demand from the Asia Pacific, are the driving factors for the enhanced oil recovery market, globally. Technological developments

String Wound Filter Materials Market worth $1.7 billion by 2025 | Key Players in …

According to recent market research "String Wound Filter Materials Market by Yarn Type (PP and Cotton), Core Material (PP and Stainless Steel), End-Use Industry (Water & Wastewater Treatment, Chemical & Petrochemical, and Food & Beverage), and Region - Global Forecast to 2025", The global string wound filter materials market size is projected to grow from USD 1.4 billion in 2020 to USD 1.7 billion by 2025, at a CAGR of

Industrial Gearbox Market to Hit $31.90 Billion by 2023

The global Industrial Gearbox Market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the industrial gearbox market. In addition, increasing investments in

Military Robots Market worth $24.2 billion by 2025

The report "Military Robots Market by Type (Land, Marine, Airborne), Application, System, Deployment Method, Range, End User (Defense, Homeland Security), Mode of Operation, Propulsion and region - Global Forecast to 2025", size is projected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% from 2020 to 2025. Drivers for this market include the increasing use of robots for mine countermeasures

Wi-Fi Chipset Market worth $25.2 billion by 2026

The report "Wi-Fi Chipset Market with COVID-19 Impact By IEEE Standard (802.11be, 802.11ax, 802.11ac), End-use application (Consumer, Smarthome, AR/VR, Networking Devices), Band, MIMO configuration, Vertical and Geography - Forecast 2026" The Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026 Download PDF Brochure @

Polypropylene Catalyst Market | Key players operating in the market include Lyon …

According to recent market research "Polypropylene Catalyst Market by Type (Ziegler Natta, Metallocene and Others), Manufacturing Process (Bulk Phase Process, Gas Phase Process and Others), Region - Global Forecast to 2025",The global polypropylene catalyst market size is estimated to be USD 1.5 billion in 2020 and is projected to reach USD 2.5 billion, by 2025, at a CAGR of 9.9%. The growth of the market is attributed to the

Energy as a Service Market to Hit $86.9 Billion by 2024

The global Energy as a Service Market is projected to reach USD 86.9 billion by 2024 from an estimated USD 52.0 billion in 2019, at a CAGR of 10.8% from 2019 to 2024. The growth of energy as a service market is driven by the new revenue generating streams for utilities, increased distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability of federal and state

Aviation Lubricants Market worth $2.9 billion by 2025

The report "Aviation Lubricants Market by Type (Hydraulic Fluid, Engine Oil, Grease, Special Lubricants & Additives), End User (OEM, Aftermarket), Technology (Mineral-Based, Synthetic), Application, Platform, and Region - Global Forecast to 2025", size is projected to grow from an estimated USD 2.0 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 7.2% during the forecast period. The increase in aircraft orders, passenger traffic, and military spending

Collaboration Display Market worth $957 million by 2026

The report "Collaboration Display Market with COVID-19 Impact Analysis by Offering (Hardware, Software and Services), Screen Size (Up to 65 Inches, above 65 Inches), Resolution (1080P, 4K/UHD), End User, Application, and Geography - Global Forecast to 2026", is projected to reach USD 957 million by 2026 from USD 700 million in 2021; it is expected to grow at a CAGR of 6.4 % from 2021 to 2026. Major drivers for

Smart Water Metering Market Size to Reach $9.6 billion by 2024 | Arad Group, Bad …

According to new research report "Smart Water Metering Market by Meter size is projected to reach USD 9.6 billion by 2024 from an estimated USD 5.9 billion in 2019, at a CAGR of 10.3% during the forecast period. The growing concern toward managing the supply of water is a driving factor for the market. Moreover, the adoption of the Internet of Things in the water industry is bringing opportunities

Heat Pump Market to Hit $94.42 Billion by 2023

The global Heat Pump Market is projected to reach a market size of USD 94.42 billion by 2023 from an estimated USD 54.34 billion in 2018, growing at a CAGR of 11.68% during the forecast period. In 2018, the market in Asia Pacific is estimated to be the largest for heat pumps, followed by Europe. This trend is expected to continue until 2023. The heat pump market is set to

Personal Care Ingredients Market worth $13.9 billion by 2025 | Key Players inclu …

According to recent market research "Personal Care Ingredients Market by Ingredient Type (Emollients, Surfactants, Rheology Modifiers, Emulsifiers, Conditioning Polymers, Others), Application (Skin Care, Hair Care, Oral Care, Make-up, Others), and Region - Global Forecast to 2025", The Personal Care Ingredients market is projected to reach USD 13.9 billion by 2025, at a CAGR of 4.0% from USD 11.4 billion in 2020. Browse 285 market data Tables and 66 Figures spread through

Weigh-In-Motion System Market Insights| Key Players: Kapsch TrafficCom (Austria) …

According to the new market research report "Weigh-In-Motion System Market by Type (In-Road, Bridge Weigh, Onboard), Vehicle Speed (Low, High), Component (Hardware, Software & Services), End-Use Industry (Highway Toll, Oil & Refinery, Logistics), Sensors, Function, Region - Global Forecast to 2027", Published by MarketsandMarkets™, The weigh-in-motion system market is projected to reach USD 1,730 million by 2027 from USD 858 million in 2020, at a CAGR of 10.5% during the

Drone Package Delivery Market worth $39,013 million by 2030

According to a research report "Drone Package Delivery Market by Solution (Platform, Infrastructure, Software, Service), Type (Fixed-Wing, Multirotor, Hybrid) Range (Short 25 km), Package Size (< 2Kg, 2–5 Kg, > 5Kg), Duration, End Use, Region- Global Forecast to 2030", published by MarketsandMarkets, the drone package delivery market is projected to grow from USD 528 million in 2020 to USD 39,013 million by 2030, at a CAGR of 53.8% from 2020

Ultrasonic Testing Market worth $4.2 billion by 2026

According to a research report "Ultrasonic Testing Market with COVID-19 Impact by Type (Time-of Flight Diffraction, Immersion Testing) , Equipment (Flaw Detectors, Imaging System, and Bond Testers), Service, Vertical, and Geography - Global Forecast to 2026", published by MarketsandMarkets, the global ultrasonic testing market size is estimated to grow from USD 3.0 billion in 2021 to USD 4.2 billion by 2026, growing at a CAGR of 7.1%. Stringent government regulations

Catalyst Handling Services Market | Key players operating in the market include …

According to recent market research "Catalyst Handling Services Market by Service Type (Loading/Unloading, Screening, Transport), End-use Industry (Petroleum Refining, Petrochemical), Region (North America, APAC, Europe, Middle East & Africa, South America) - Global Forecast to 2025", The global catalyst handling services market size is projected to reach USD 620 million by 2025 from USD 510 million in 2020, at a CAGR of 4.0% during the forecast period. Browse 84 market data

Aircraft Seat Actuation System Market worth $763 million by 2025

The report "Aircraft Seat Actuation System Market by Type (Electromechanical, Pneumatic, Hydraulic), End User (OEM, Aftermarket), Aircraft Type, Seat Class, Component, and Region - Global Forecast to 2025", size is projected to grow from USD 496 million in 2020 to USD 763 million by 2025, at a CAGR of 9.0% from 2020 to 2025. The market is driven by various factors, such as increase in demand for premium economy seats

Wearable Payment Device Market worth $82.0 billion by 2026

According to the new market research report "Wearable Payment Device Market with COVID-19 Impact, by Device Type (Smart Watches, Fitness Trackers), Technology (NFC, RFID), Sales Channel, Application (Retail/Grocery Stores, Restaurants, Entertainment Centers), and Geography - Global Forecast to 2026", The global wearable payment device market size is projected to grow from USD 43.0 billion in 2021 to USD 82.0 billion by 2026; it is expected to grow at a CAGR

Polyhydroxyalkanoate (PHA) Market worth $121 million by 2025

According to recent market research "Polyhydroxyalkanoate (PHA) Market by Type (Short Chain Length, Medium Chain Length), Production Method (Sugar Fermentation, Vegetable Oil Fermentation, Methane Fermentation), Application, and Region - Global Forecast to 2025", The polyhydroxyalkanoate (PHA) market is projected to reach USD 121 million by 2025, at a CAGR of 14.2% from USD 62 million in 2020. Browse 159 market data Tables and 62 Figures spread through 205 Pages and in-depth

Residential Energy Storage Market Revenue to Hit $17.5 billion by 2024

The global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period. This growth can be attributed to factors such as declining cost of batteries, regulatory support and financial incentives, and the need for energy self-sufficiency from consumers. Residential energy storage systems provide backup power during power outages, and therefore,

Port Equipment Market worth $36.6 billion by 2025

According to the new market research report on "Port Equipment Market by Equipment Type (Mooring Systems, Tug Boats, Cranes, Shiploaders, Container Lift Trucks, Reach Stackers, Forklift Trucks, Automated Guided Vehicles, Terminal Tractors, Straddle Carriers), Type, Application, Demand, and Region - Global Forecast to 2025", The port equipment market is estimated at USD 29.2 billion in 2018 and is projected to reach USD 36.6 billion by 2025, at a Compound Annual

Smart Agriculture Market Expected to reach $22.0 billion by 2025

According to the research report "Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock, Aquaculture, Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, Farm Size, and Geography - Global Forecast to 2025", The smart agriculture market is estimated to grow from USD 13.8 billion in 2020 to USD 22.0 billion by 2025, at a CAGR of 9.8%. The rapid growth of the smart agriculture market can be

Artificial Lift Market to Hit $10.3 Billion by 2025

The global artificial lift market is projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion in 2020, at a CAGR of 5.0% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global artificial market is driven by the upsurge in the

Plastic Antioxidants Market worth $2.6 billion by 2025 | Key Players include BAS …

According to recent market research "Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region - Global Forecast to 2025", The plastic antioxidants market is projected to reach USD 2.6 billion by 2025, at a CAGR of 5.3% from USD 2.0 billion in 2020. Browse 244 market data Tables and 58 Figures spread through 234 Pages and

Airborne Optronics Market worth $2.5 billion by 2025

The report "Airborne Optronics Market by End Use, System, Technology (Hyperspectral, Multispectral), Application (Commercial, Military, Space), Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles) and Region - Forecast to 2025", size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025. The market is driven by various factors, such as growing

Biosensors Market worth $36.7 billion by 2026

According to a research report "Biosensors Market with COVID-19 Impact by Type, Product (Wearable, Non-wearable), Technology, Application (POC, Home Diagnostics, Research Lab, Environmental Monitoring, Food & Beverages, Biodefense) and Region - Global Forecast to 2026", published by MarketsandMarkets, the biosensors market is valued at USD 25.5 billion in 2021 and is projected to reach USD 36.7 billion by 2026; it is expected to grow at a CAGR of 7.5% from

Power Supply Market Revenue to Hit $34.92 Billion by 2023

The global power supply market is estimated to grow from USD 25.20 billion in 2018 to USD T34.92 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. Growing adoption of home and building automation systems, emerging telecommunications sector, and increasing demand for energy-efficient devices/appliances services are the key factors driving the power supply market growth. Asia Pacific is expected to lead the overall power supply market during the

Armored Vehicles Market worth $15.4 billion by 2025

The report "Armored Vehicles Market by Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), Mobility (Wheeled, Tracked), System (Engine, Drive Systems, Ballistic Armor, C2 Systems, Mode of Operation, Region - Global Forecast to 2025" size is projected to grow from USD 11.6 billion in 2020 to USD 15.4 billion by 2025, at a CAGR of 5.8% from 2020 to 2025. Increasing demand for armored vehicles due to the

Virtual Reality Market worth $20.9 billion by 2025

The report "Virtual Reality Market with COVID-19 Impact Analysis by Offering (Hardware and Software), Technology, Device Type (Head-Mounted Display, Gesture-Tracking Device), Application (Consumer, Commercial, Enterprise, Healthcare) and Geography - Global Forecast to 2025", size is projected to grow from USD 6.1 billion in 2020 to USD 20.9 billion by 2025; it is expected to grow at a CAGR of 27.9% from 2020 to 2025. Increase in demand for hardware devices

Power-to-gas Market Set to Witness Huge Growth by 2024 | Hydrogenics, ITM Power, …

According to the new market research report "Power-to-gas Market by technology (Electrolysis and Methanation), Capacity (Less than 100 kW, 100–999kW, 1000 kW and Above), End-User (Commercial, Utilities, and Industrial), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2024" The global power-to-gas market is projected to reach USD 42 million by 2024 from an estimated USD 26 million in 2019, at a CAGR of 10.1% during the forecast

Automotive Traction Motor Market Insights| Key Players: BorgWarner Inc. (US), Sc …

According to the new market research report “Automotive Traction Motor Market by Motor Type (PMSM, DC Brushless, and AC Induction), Type (AC, DC), EV Type (BEV, HEV, PHEV), Power Output (less than 200 KW, 200-400 KW, and above 400 KW), Vehicle Type (PC and CV) & Region - Global Forecast to 2026", Published by MarketsandMarkets™, The global Automotive Traction Motor Market is projected to grow at a CAGR of 33.7%

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