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Actuators Companies - Parket Hennifin Corporation (US) and Emerson Electric Co. ltd (US) are the Key PlayersThe Actuators Market is projected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a CAGR of 7.0% during the forecast period. The growing demand for Actuators and the continuous development of new technologies that make forecasting more competent and affordable are projected to propel the Actuators market in the upcoming years. Major actuator manufacturers in this market are based in North America and Europe. Parket Hennifin Corporation (US), Emerson Electric Co. ltd (US), ABB Ltd (Switzerlands), SMC Corporation (Japan), and Rockwell Automation (US) are among a few leading players operating in the Actuators market. A major focus was given to the development of new technologies due to the requirement of actuation by industrial automation equipment across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to further expand their presence in the Actuators market. ...... Read More |
March 27, 2027 |
Gurit Holdings AG (Switzerland) and Hexcel Corporation (US) are Leading players in the Rail Composites MarketThe rail composites market is projected to grow from USD 1.7 billion in 2023 to USD 2.4 billion by 2028, at a CAGR of 7.2% during the forecast period. The rail composites market is showing significant growth due to its increasing penetration and growing demand from various rail applications, such as interior components, exterior components, structural components and many other applications. Asia Pacific, Europe and North America are the major markets for rail composites. ...... Read More |
March 29, 2024 |
ICU Medical (US) and Becton, Dickinson and Company (US) are Leading players in the Closed System Transfer Devices MarketThe closed system transfer devices market is projected to reach USD 2.5 billion by 2029 from USD 1.1 billion in 2024, at a CAGR of 14.5% during the forecast period. Market growth is largely driven by Growing concerns about healthcare worker safety, particularly from exposure to hazardous drugs during cancer treatment, is a key driver. Stricter regulations mandating safe handling practices further necessitate the adoption of CSTDs. Additionally, the rising prevalence of diseases like cancer and the increasing use of potent drugs in personalized medicine fuel the demand for these devices. However, the initial investment required for implementing CSTDs, resistance to change within organizations and the healthcare industry's traditionally slow adoption of new technologies and regulatory complexities and compliance requirements hampers the adoption of these products in hospitals and oncology centers to a certain extent. ...... Read More |
March 29, 2024 |
Top Companies in Retail Analytics Industry - Microsoft (US), IBM (US), SAP (Germany) and Oracle (US)The global retail analytics market is projected to register a CAGR of 24.0% during the forecast period, reaching USD 25.0 billion by 2029 from an estimated USD 8.5 billion in 2024. Major factors to boost the market growth include the exponential growth of e-commerce platforms, proliferation of data generated through diverse channels, and increasing adoption of omni-channel retail strategies. ...... Read More |
March 28, 2024 |
Olympus Corporation (Japan) and Boston Scientific Corporation (US) are Leading Players in the Endoscopy Equipment MarketThe global endoscopy equipment market is projected to reach USD 46.2 billion by 2029 from USD 32.3 billion in 2024, at a CAGR of 7.4%. Endoscopy is a minimally-invasive method that uses specialised equipment to observe interior organs or tissues. These operations use a variety of tools, including scopes designed for specific procedures, anaesthetic apparatus, video screens, lighting devices, imaging technology, monitoring equipment, storage cabinets, video processors, insufflators, and carts. They are used by medical specialists such as gastroenterologists, cardiologists, nephrologists, neurologists, hepatologists, and gynaecologists to perform safe examinations and interventions. ...... Read More |
March 28, 2024 |
IR Spectroscopy Companies - Shimadzu Corporation (Japan) and ZEISS (Germany) are the Key PlayersThe global IR spectroscopy market was valued at USD 1.2 billion in 2024 and is projected to reach USD 1.6 billion by 2029; it is expected to register a CAGR of 6.5% during the forecast period. Increase in R&D investments in healthcare and pharmaceuticals industry and continuous technological advancements in IR spectroscopy are attributed to the ever-increasing demand for IR spectroscopy system. ...... Read More |
March 28, 2024 |
Market Leader - Automotive Fabrics MarketIn terms of value, the automotive fabrics market is estimated to grow from USD 40.5 billion in 2024 to USD 51.4 billion by 2029, at a CAGR of 4.9%. Automotive fabric market have grown as the demand from applications such as airbags, upholstery, tires and floor coverings is mounted immensely due to large production of vehicles especially passenger cars worldwide. ...... Read More |
March 28, 2024 |
Top Companies in Predictive Maintenance Industry - ABB (Switzerland), Schneider Electric (France) and Software AG (Germany)The predictive maintenance market is expected to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period. The predictive maintenance market is propelled by several factors, including the rising adoption of emerging technologies for gaining valuable insights, the introduction of machine learning and artificial intelligence, and the increasing emphasis on minimizing maintenance costs, equipment failures, and downtime. ...... Read More |
March 28, 2024 |
Top Companies in Americas Cables Industry - Prysmian Group (Italy), Southwire Company, LLC (US), Nexans (France), LS Cable & System Ltd (South Korea) and NKT a/s (Denmark)The Americas Cables market is projected to reach USD 10.9 billion by 2029 from an estimated USD 8.7 billion in 2024, at a CAGR of 4.5% during the forecast period. The rising need for energy, improvements in infrastructure, and the expansion of renewable energy projects are driving growth in the cables market in North America. Different forms of insulation, which improve cable performance and longevity, such as XLPE (Cross-linked Polyethylene), EPR (Ethylene Propylene Rubber), EPDM (Ethylene Propylene Diene Monomer), and HPER (High-Performance Ethylene Rubber), assist the growth. The growing business is also being aided by low voltage cables, which are frequently utilized in both the commercial and residential sectors. In order to fulfill the region's growing energy needs and ensure efficiency and dependability in power distribution and communication networks, technological breakthroughs in cable insulation are essential. ...... Read More |
March 28, 2024 |
Palletizer Companies - KION GROUP AG (Germany) and FANUC CORPORATION (Japan) are the Key PlayersThe Palletizer market is estimated to be worth USD 3.2 billion in 2024 and is projected to reach USD 4.1 billion by 2029 at a CAGR of 5.2% during the forecast period. The market growth for palletizer is attributed to the rising demand for palletizers in e-commerce industry. The major players in the palletizer market with a significant global presence are KION GROUP AG (Germany), FANUC CORPORATION (Japan), KUKA AG (Germany), Honeywell International Inc. (US), Krones AG (Germany), ABB (Switzerland). The market players have adopted various strategies, including the advancement of products, collaborative partnerships, contractual agreements, business expansions, and acquisitions, all aimed at fortifying their market standing. These comprehensive strategies, both organic and inorganic, have facilitated the global expansion of market players through the provision of sophisticated palletizers. ...... Read More |
March 28, 2024 |
Evonik (Germany) and Corbion NV (Netherlands) are Leading Players in the PLGA MarketThe PLGA market is projected to reach USD 321 million by 2030, at a CAGR of 16.6% from USD 125 million in 2024. The market growth is driven by influencing factors such as government initiatives and regulations and exceptional biodegradability and biocompatibility nature. ...... Read More |
March 27, 2024 |
Non-dispersive Infrared (NDIR) Companies - Amphenol Corporation (US) and Honeywell International Inc (US) are the Key PlayersThe global NDIR market is expected to be valued at USD 681 million in 2024 and is projected to reach USD 965 million by 2029; it is anticipated to grow at a CAGR of 7.2% from 2024 to 2029. Market participants have diversified their offerings, extending their global reach through strategic growth approaches like introducing new products and collaborations, establishing alliances, forging partnerships, and expanding their operations. ...... Read More |
March 27, 2024 |
Top Companies in Image Recognition Industry - Google (US) and Qualcomm (US)The image recognition market is expected to grow at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period, from USD 46.7 billion by 2024 to USD 98.6 billion by 2029. The growing demand for image recognition software for video surveillance, facial recognition, and anomaly detection is expected to drive market growth during the forecast period. ...... Read More |
March 27, 2024 |
Roche Diagnostics (Switzerland), Danaher Corporation (US) and Abbott Laboratories (US) are Leading Players in the In Vitro Diagnostics MarketThe global in vitro diagnostics market is projected to reach USD 119.4 billion by 2029 from USD 85.2 billion in 2024, at a CAGR of 6.9% during the forecast period. Factors such as the rising demand for point-of-care testing, and growing preference for personalized medicine, will boost the growth of the In vitro diagnostics market. According to the National Centre for Biotechnology Information (NCBI), Point-of-Care Testing (POCT) is clinical laboratory testing conducted close to the site of patient care where care or treatment is provided. POCT provides rapid turnaround of test results with the potential to generate a result quickly so that appropriate treatment can be undertaken. ...... Read More |
March 27, 2024 |
Leading Companies in ADAS Industry - Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany) and Denso (Japan)The global ADAS market size is projected to grow from 334 Million Units in 2024 to 665 Million Units by 2030 at a CAGR of 11.9%. Factors such as safety regulations imposed by lawmakers, including adaptive emergency braking and tire pressure monitoring systems in vehicles, technological advancement in ADAS, and rising demand for semi-autonomous and autonomous vehicles are expected to increase the demand for ADAS. ...... Read More |
March 27, 2024 |
Micro-Electro-Mechanical System (MEMS) Companies - Bosch GmbH (Germany) and Broadcom (US) are the Key PlayersThe Micro-electro-mechanical System (MEMS) market is projected to grow from USD 16.5 billion in 2024 and is projected to reach USD 24.2 billion by 2029; it is expected to grow at a CAGR of 7.9% from 2024 to 2029. The growth of the MEMS market is driven by the rising adoption of RF MEMS technology in consumer electronics; and increasing demand for miniaturization of devices. ...... Read More |
March 26, 2024 |
Top Companies in Enterprise Video Industry - Microsoft (US) and Google (US)The Enterprise video market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 8.6% from USD 23.8 billion in 2024 to USD 35.8 billion in 2029 throughout the forecast period. An urge to shift from on-premises deployment to cloud-based solutions, strict adherence and compliance to regulatory authorities and government-led reporting standards across verticals and regions, demand for user experience centricity on priority across verticals, organizations, and regions globally, digitalization, and automation are expected to drive the growth of the global Enterprise video market. ...... Read More |
March 26, 2024 |
Top Companies in Yeast Industry - Associated British Foods plc (UK), AngelYeast Co., Ltd (China) and Lallemand Inc. (Canada)The yeast market is estimated at USD 5.5 billion in 2024 and poised to achieve an 8.9% CAGR, reaching USD 8.5 billion by 2029, and is experiencing transformative shifts and innovations. The yeast market represents a dynamic and diverse sector within the food & beverages & feed industry, encompassing products like baker’s yeast, brewer’s yeast, probiotic yeast, and wine yeast. In recent times, there has been a consistent surge in the demand for yeast, driven by various factors, and this upward trajectory appears to continue. ...... Read More |
March 26, 2024 |
Thermo Fisher Scientific Inc. (US) and Danaher Corporation (US) are Leading players in the Cell Culture MarketThe cell culture market is projected to reach USD 57.9 billion by 2029 from an estimated USD 30.9 billion in 2024, at a CAGR of 13.4% during the forecast period. The major factors driving the growth of this cell culture market include growing government support and fundings for cell-based research, rising adoption of single-use technologies, and increasing incidences of infectious diseases. ...... Read More |
March 26, 2024 |
Collaborative Robot Companies - Universal Robots A/S (Denmark) and FANUC CORPORATION (Japan) are the Key PlayersThe Collaborative Robot market is projected to grow from USD 1.9 billion in 2024 and is projected to reach USD 11.8 billion by 2030; it is expected to grow at a CAGR of 35.2% from 2024 to 2030. The growth of the Collaborative Robot market is driven by the higher return on investment than traditional industrial robotic systems ...... Read More |
March 26, 2024 |
Gurit Holdings AG (Switzerland), Hexcel Corporation (US) are Leading Players in the Core Materials MarketThe market for core materials is likely to grow significantly over the next years, rising from USD 1.6 billion in 2023 to USD 3.0 billion by 2028. Over the course of the projection period, this growth is anticipated to occur at a compound annual growth rate (CAGR) of 13.5%. Numerous industries, including wind energy, maritime, automotive & transportation, aerospace & military, construction, and industrial areas, use core materials. The core materials business is quickly advancing thanks to strong end-user demand. Materials or substances utilized as the interior or central part of a building or product are known as core materials. These materials frequently serve as insulation, structural support, or in other specialized capacities. Core materials might vary based on the particular use, but some common core materials are foams, honeycomb, and balsa wood. ...... Read More |
March 26, 2024 |
Top Companies in Recloser Industry - NOJA Power Switchgear Pty Ltd (Australia), Schneider Electric (France) and Eaton (Ireland)The global recloser market is projected to grow from an estimated USD 1.1 billion in 2024 to USD 1.5 billion by 2030, demonstrating a CAGR of 5.0% during this six-year period. A recloser can be defined as an automatic circuit interrupting device which is used in medium and low voltage distribution networks for power protection and fault isolation. It is a high-voltage electric switch with the unique characteristic of automatically opening and closing in response to a detected fault on the power line. Reclosers employ sensors to detect various fault conditions on the power line, such as short circuits or overcurrents. Upon detecting a fault, the recloser automatically opens the circuit, isolating the faulted section. Reclosers can be programmed with multiple reclose attempts with pre-defined time intervals. The goal is to clear temporary faults while isolating persistent faults. If the fault is temporary and clears after the reclosing sequence, the recloser automatically restores power to the unaffected sections of the line. Key players in the recloser market encompass ABB (Switzerland), General Electric (US), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), NOJA Power Switchgear Pty Ltd (Australia), Hubbell (US), S&C Electric company (US), Tavrida Electric (Estonia), and Arteche Group (Spain). ...... Read More |
March 22, 2024 |
Top Companies in Cold Chain Industry - Americold Logistics, Inc. (US), Lineage, Inc. (US) and NICHIREI CORPORATION (Japan)The cold chain market, currently valued at USD 228.3 billion in 2024 and poised to achieve a 10.3% CAGR, reaching USD 372.0 billion by 2029, is experiencing transformative shifts and innovations. The cold chain involves the storage, transportation, and distribution of perishable products within a specific temperature range to prevent spoilage, contamination, or degradation. The market for cold chain solutions is being significantly driven by evolving consumer preferences, particularly a shift towards convenience and ready-to-cook foods. As urbanization and hectic lifestyles become more prevalent, consumers are increasingly seeking out convenient meal solutions that require minimal preparation time without compromising on quality. This shift in demand is propelling the growth of the cold chain market as manufacturers and retailers strive to meet the needs of this segment by offering a wide range of perishable products that are pre-packaged, pre-cooked, or ready-to-eat. ...... Read More |
March 22, 2024 |
LG Chem Ltd. (South Korea) and Jiangsu ChangJian Technology Co., Ltd. (China) are Leading Players in the Semiconductor & IC packaging materials MarketThe semiconductor & IC packaging materials market is projected to reach USD 70.9 billion by 2029, at a CAGR of 10.1% from USD 43.9 billion in 2024. The market growth is driven by increasing demand from consumer electronics industry, growing miniaturization and densification in the electronic sector and adoption of emerging technologies like 5G and autonomous vehicles. ...... Read More |
March 22, 2024 |
Solid State Cooling Companies - CUI Devices (US) and Delta Electronics, Inc. (Taiwan) are the Key PlayersThe global solid state cooling market is expected to be valued at USD 0.8 billion in 2024 and is projected to reach USD 1.5 billion by 2029; it is expected to grow at a CAGR of 13.6% from 2024 to 2029. Product launches, acquisitions, partnerships, collaborations, agreements, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for solid state cooling from different verticals and expand their global footprint by offering their products in all the major regions. ...... Read More |
March 22, 2024 |
Wireless Testing Companies - SGS Group (Switzerland) and Bureau Veritas (France) are the Key PlayersThe wireless testing market is projected to grow from USD 22.6 billion in 2024 to USD 34.1 billion by 2029, registering a CAGR of 8.6% during the forecast period. The wireless testing market is growing due to advancements in wireless technology, increasing focus on deployment of 5G network, and rising global adoption of smartphones and smart gadgets. High investments involved in establishing electromagnetic compatibility (EMC) testing facilities, however, is anticipated to limit industry expansion. ...... Read More |
March 22, 2024 |
Leading Companies in Decision Intelligence Industry - IBM (US), Oracle (US) and Google (US)The Decision intelligence market is expected to grow from USD 13.3 billion in 2024 to USD 50.1 billion in 2030, at a CAGR of 24.7% during the forecast period. The global decision intelligence market is witnessing substantial growth driven by factors such as the exponential growth of digital data from diverse sources, advancements in AI and machine learning technologies, the need for real-time insights for agile decision-making, a focus on enhancing customer experiences, and industry-specific applications. Businesses across sectors leverage decision intelligence tools to extract actionable insights from vast datasets, automate decision-making processes, improve decision outcomes, and gain a competitive edge. This market trend underscores the growing recognition of data-driven decision-making as a strategic imperative for organizations worldwide. ...... Read More |
March 22, 2024 |
Top Companies in Non-meat Ingredients Industry - Kerry Group plc. (Ireland), Ingredion (US) and Associated British Foods plc (UK)The non-meat ingredients market, currently valued at USD 41.2 billion in 2024 and poised to achieve a 4.4% CAGR, reaching USD 51.1 billion by 2029, is experiencing transformative shifts and innovations. Non-meat ingredients play a pivotal role in the global demand for processed meat products. They are essential for enhancing flavor, texture, and appearance, but their significance extends far beyond mere taste. The inclusion of non-meat ingredients in meat processing serves a crucial function in extending shelf life and safeguarding against microbial contamination. In the meat industry, where perishability is a constant concern, non-meat ingredients act as preservatives, inhibiting the growth of microorganisms such as fungi and bacteria. By controlling microbial proliferation, these additives help maintain product quality and safety, reducing the risk of spoilage and foodborne illnesses. Preservatives like nitrites and nitrates are commonly used to prevent bacterial growth and maintain the color of processed meats. ...... Read More |
March 21, 2024 |
Leading Companies in Organic Fertilizers Industry - Yara (Norway), ICL (Israel) and K+S Aktiengesellschaft (Germany)The organic fertilizers market is estimated at USD 7.9 billion in 2024 and is projected to reach USD 13.6 billion by 2029, at a CAGR of 11.5% from 2024 to 2029. The organic fertilizers market is witnessing growth due to various factors, primarily spurred by shifts in consumer preferences, environmental consciousness, and advancements in agricultural methods. Consumers are becoming increasingly aware of the potential health hazards associated with chemical fertilizers and synthetic additives commonly used in conventional farming. Consequently, many are turning to organic products, including foods cultivated with organic fertilizers, perceiving them as safer and healthier alternatives. Moreover, there's a rising emphasis on sustainable agriculture and environmental preservation, propelling the demand for organic fertilizers. These fertilizers, sourced from natural materials like compost, manure, and plant residues, not only enhance soil health and fertility but also mitigate the risk of environmental contamination and soil depletion. This trend resonates with the global movement towards sustainable and eco-friendly farming practices, further stimulating the adoption of organic fertilizers. ...... Read More |
March 21, 2024 |
Market Leaders - Automotive Ceramics MarketThe automotive ceramics market size is projected to grow from USD 2.4 billion in 2023 to USD 3.2 billion by 2028, registering a CAGR of 5.7% during the forecast period. The automotive ceramics market is propelled due to the increasing emphasis on lightweight materials for improved fuel efficiency and regulatory compliance. Additionally, the increasing acceptance of electric vehicles and advancements in ceramic technologies, which enhance durability and performance, continue to bolster the expansion of the market. ...... Read More |
March 21, 2024 |
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