Research Insight

Hydrogen Industry - Forthcoming Trends to Fuel Global Growth in a Low-Carbon Era

The Hydrogen Industry includes the production, storage, distribution, and use of hydrogen as a clean energy carrier, which is critical to the transition to a low-carbon economy. This business uses a variety of hydrogen production processes, including steam methane reforming, electrolysis, and biomass gasification, with a rising emphasis on green hydrogen derived from renewable energy sources. Hydrogen storage solutions include high-pressure tanks, sophisticated metal hydrides, and chemical storage systems. Pipelines, tanker trucks, and refueling stations are part of the distribution network, making hydrogen more accessible for use in transportation, industrial operations, and power generation. The hydrogen industry, backed by continued research and development and favorable policies, is positioned to play a major role in lowering greenhouse gas emissions and reaching sustainable energy targets.

The hydrogen market size was valued at $242.7 billion in 2023, and is projected to reach $410.6 billion by 2030, growing at a CAGR of 7.8% from 2023 to 2030. The development of hydrogen infrastructure across various countries such as China, India, US, Germany etc. is fueling to the growth of hydrogen market. The growth in hydrogen demand in recent years is due to the increasing government focus on developing hydrogen-based economies and investment in the hydrogen infrastructure. The market for hydrogen is projected to benefit greatly from the rising usage of low emission fuel.

• Published: May 2024

Hydrogen Market Size & Share - Future Growth Expectations

The Hydrogen Market size was valued at USD 242.7 billion in 2023 and is projected to reach USD 410.6 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 7.8% during the forecast period.The growth in hydrogen demand in recent years is due to the increasing government focus on developing hydrogen-based economies and investment in the hydrogen infrastructure. The market for hydrogen is projected to benefit greatly from the rising usage of low emission fuel.

• Published: May 2024

Cell Culture Industry - Emerging Trends and Their Impact on Industry Growth

The 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.

• Published: May 2024

Electric Commercial Vehicle Industry - Forthcoming Trends to Fuel the Global Growth

The global Electric Commercial Vehicle Market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%. The electric commercial vehicle (ECV) market for vehicle such as trucks, pickup trucks, vans and buses  is experiencing a surge fueled by environmental, economic, and technological factors. Growing environmental concerns and stricter emission regulations are a shift towards cleaner transportation solutions. Governments worldwide actively support prompting this transition by offering financial incentives like subsidies and tax breaks, making ECVs more financially attractive than traditional gasoline-powered models.

• Published: May 2024

In-Circuit Test Industry - Forthcoming Trends to Fuel the Global Growth

The global In-circuit test market is anticipated to achieve a valuation of USD 1.4 billion by 2028, up from USD 1.2 billion in 2023, marking a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period spanning from 2023 to 2028. The growth in in-circuit test demand in recent years is due to the increased investment in wireless communication and automotive projects due to growing consumer electronics industry. The market for in-circuit tests is projected to benefit greatly from the rising usage of smartphones and televisions.

• Published: May 2024

Electric Commercial Vehicle Market Size & Share - Future Growth Expectations

The global Electric Commercial Vehicle Market is projected to grow from USD 70.9 billion in 2024 to USD 255.6 billion by 2030, registering a CAGR of 23.8%. The electric commercial vehicle (ECV) market for vehicle such as trucks, pickup trucks, vans and buses  is experiencing a surge fueled by environmental, economic, and technological factors. Growing environmental concerns and stricter emission regulations are a shift towards cleaner transportation solutions. Governments worldwide actively support prompting this transition by offering financial incentives like subsidies and tax breaks, making ECVs more financially attractive than traditional gasoline-powered models.

• Published: May 2024

In-Circuit Test Market Size & Share - Future Growth Expectations

The In-Circuit Test market is expected to reach USD 1.4 billion in 2028 from USD 1.4 billion in 2023, at a CAGR of 3.6% during the forecast period. The growth in in-circuit test demand in recent years is due to the increased investment in wireless communication and automotive projects due to growing consumer electronics industry. The market for in-circuit tests is projected to benefit greatly from the rising usage of smartphones and televisions.

 

• Published: May 2024

Cell Culture Market Size & Share - Future Growth Projections

The 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.

• Published: May 2024

Industrial Filtration Industry - Future Trends and Opportunities in the Market

The global industrial filtration market is expected to reach USD 47.1 billion by 2029 from USD 37.1 billion in 2024, at a CAGR of 4.9% during the forecast period. The major factors driving the growth of this market include stringent environmental regulations demand cleaner production processes, fostering the adoption of advanced filtration systems.

• Published: May 2024

Industrial Filtration Market Size & Share - Future Growth Expectations

The global industrial filtration market is expected to grow from USD 37.1 billion in 2024 to USD 47.1 billion by 2029, at a CAGR of 4.9% during the forecast period. The major factors driving the growth of this market include stringent environmental regulations demand cleaner production processes, fostering the adoption of advanced filtration systems.

• Published: May 2024

EV Battery Industry - Forthcoming Trends to Fuel the Global Growth

The global EV battery market is projected to grow from USD 132.6 billion in 2023 to USD 508.8 billion by 2033, registering a CAGR of 14.4%. The increasing demand for EV batteries is driven by a combination of technological advancements, environmental concerns, supportive government policies, decreasing costs, and the growing popularity of electric vehicles among consumers. Continuous research and development in battery technologies are leading to improved energy densities, longer battery life, faster charging times, and reduced costs. Advancements like solid-state batteries, lithium-sulfur batteries, and other emerging technologies are pushing the market forward.

• Published: May 2024

EV Battery Market Size & Share - Future Growth Expectations

The global EV battery market is projected to grow from USD 132.6 billion in 2023 to USD 508.8 billion by 2033, registering a CAGR of 14.4%. The increasing demand for EV batteries is driven by a combination of technological advancements, environmental concerns, supportive government policies, decreasing costs, and the growing popularity of electric vehicles among consumers. Continuous research and development in battery technologies are leading to improved energy densities, longer battery life, faster charging times, and reduced costs. Advancements like solid-state batteries, lithium-sulfur batteries, and other emerging technologies are pushing the market forward.

• Published: May 2024

Genomics Industry - Forthcoming Trends and Their Impact on Industry Growth

The genomics market is projected to reach USD 83.1 billion by 2028 from USD 46.2 billion in 2023, at a CAGR of 12.4% during the forecast period of 2023 to 2028. Governments in various countries have made significant investments in the field of genomics, also rising prevalence of diseases globally, coupled with the proven efficacy of PCR analysis in diagnosing and estimating disease-causing microbes, is likely to boost the use of clinical diagnostic tests and support market growth.

• Published: May 2024

Top Companies in Micro Combined Heat and Power Industry - AISIN CORPORATION (Japan), 2G Energy (Germany) and BOSCH INDUSTRIEKESSEL GMBH (Germany)

The global micro combined heat and power market is projected to reach USD 4.8 billion by 2029 from an estimated USD 3.1 billion in 2024, at a CAGR of 9.4% during the forecast period. The global market for micro combined heat and power market is propelled by its ability to deliver significant benefits in terms of energy efficiency, cost savings, and environmental sustainability.

• Published: May 2024

Genomics Market Size & Share - Global Future Growth Expectations

The genomics market is projected to reach USD 83.1 billion by 2028 from USD 46.2 billion in 2023, at a CAGR of 12.4% during the forecast period of 2023 to 2028. Governments in various countries have made significant investments in the field of genomics, also rising prevalence of diseases globally, coupled with the proven efficacy of PCR analysis in diagnosing and estimating disease-causing microbes, is likely to boost the use of clinical diagnostic tests and support market growth.

• Published: May 2024

AR VR Software Market Size and Share: Comprehensive Analysis and Insights

The global AR VR Software Market size is projected to grow from USD 32.5 billion in 2023 to USD 77.5 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 19.0%.

Because of its potential to revolutionise traditional processes, businesses are increasingly turning to AR VR technology for training, design, and collaboration. AR VR enables businesses to create immersive and interactive training modules, reducing the time and resources required for employee onboarding and skills development. These technologies enable real-time 3D visualisation in design and prototyping, thereby improving product development and reducing costly errors. Furthermore, AR VR enables remote collaboration by providing virtual meeting spaces and shared immersive environments, reducing travel expenses and encouraging efficient teamwork. Finally, these innovative solutions increase productivity and reduce costs, making AR VR adoption appealing for forward-thinking businesses.

• Published: May 2024

Top Hard Disk Drive (HDD) Companies

The Hard Disk Drive (HDD) Market is a critical segment of the global data storage industry. HDDs are data storage devices used in computers and other electronic devices, consisting of one or more magnetic disks or platters coated with a magnetic material. These drives provide non-volatile storage, retaining data even when the power is turned off. The market for HDDs is driven by the increasing need for data storage solutions in various sectors, including consumer electronics, enterprise data centers, and cloud computing.

• Published: May 2024

Top Companies in Dental Bone Graft Substitutes Market - Medtronic Plc. (Ireland) and Kuraray Co. Ltd (Japan) are the Leading Players

The global dental bone graft substitute market is projected to reach 1.8 billion in 2029 from USD 1.3 billion in 2024, at a CAGR of 7.7% between 2024 and 2029.

• Published: April 2024

The Evolving Landscape of Healthcare IT Industry - Impact of Emerging Trends on Global Growth

The global healthcare IT market is projected to reach USD 974.5 billion by 2027 from USD 394.6 billion in 2022, at a CAGR of 19.8% during the forecast period. Growth in this market is driven by the government mandates and support for healthcare IT solutions, the rising adoption of big data analytics, and the need to reduce the escalating healthcare costs. However, high cost of deployment of HCIT solutions for small and medium-sized hospitals in emerging countries is expected to restrain the growth of this market to a certain extent.

• Published: April 2024

Healthcare IT Market Size & Share - Future Growth Projections

The global healthcare IT market is projected to reach USD 974.5 billion by 2027 from USD 394.6 billion in 2022, at a CAGR of 19.8% during the forecast period. Growth in this market is driven by the government mandates and support for healthcare IT solutions, the rising adoption of big data analytics, and the need to reduce the escalating healthcare costs. However, high cost of deployment of HCIT solutions for small and medium-sized hospitals in emerging countries is expected to restrain the growth of this market to a certain extent.

• Published: April 2024

Wound Care Industry - Emerging Trends and Their Impact on Industry Growth

The global wound care market is projected to reach USD 28.6 billion by 2028 from USD 21.5 billion in 2023, at a CAGR of 5.9% during the forecast period. The wound care market is experiencing significant growth primarily due to factors like heightened acquisition activities by major industry players and a growing emphasis on technological advancements in wound care products. Nevertheless, a major obstacle to this market's growth is the substantial cost associated with advanced wound care products.

• Published: April 2024

Grafted Polyolefins Companies - Market Leaders of Grafted Polyolefins Market

The  Grafted Polyolefins market size is projected to grow from USD 1.8 billion in 2024 to USD 2.3 billion by 2029, registering a CAGR of 4.8% during the forecast period. The Grafted Polyolefins market is experiencing robust growth due to several key factors and opportunities. Firstly, the increasing demand for Grafted Polyolefins in various industries such as packaging, automotive, and healthcare is a significant growth driver. Grafted Polyolefins are widely used in the packaging industry.

• Published: April 2024

Wound Care Market Size & Share - Future Growth Projections

The global wound care market is projected to reach USD 28.6 billion by 2028 from USD 21.5 billion in 2023, at a CAGR of 5.9% during the forecast period. The wound care market is experiencing significant growth primarily due to factors like heightened acquisition activities by major industry players and a growing emphasis on technological advancements in wound care products. Nevertheless, a major obstacle to this market's growth is the substantial cost associated with advanced wound care products.

• Published: April 2024

Manufacturing Execution Systems Market Size in the Asia Pacific Region

The global manufacturing execution systems market size is estimated to be valued at USD 14.9 billion in 2024 and is anticipated to reach USD 23.0 billion by 2029, at a CAGR of 9.2% during the forecast period. The market growth is ascribed to emerging trends in manufacturing execution systems, Increasing implementation of industrial automation in process and discrete industries, increasing demand for operational efficiency, increasing demand for high operational efficiency, and increasing complexity of manufacturing processes.

• Published: April 2024

Structural Health Monitoring Market Size

The global structural health monitoring market Size, Share, Industry Growth, Trends & Analysis was valued at USD 2.5 billion in 2024 and is projected to reach USD 4.1 billion by 2029; it is expected to register a CAGR of 10.4% during the forecast period. Aging infrastructure, increased infrastructure investment, and stringent safety regulations are among the major factors driving the growth of the Structural health monitoring for preventive maintenance and risk mitigation. Advancements in sensor technology, data analytics, and machine learning enhance monitoring capabilities, enabling real-time anomaly detection and predictive maintenance. Integration with building information modeling (BIM) further enhances monitoring, analysis, and decision-making throughout a structure's lifecycle.

• Published: April 2024

Industry 5.0 Market Size : North America Drives Industry 5.0 Advancements

The global Industry 5.0 market size was valued at USD 65.8 billion in 2024 and is estimated to reach USD 255.7 billion by 2029, registering a CAGR of 31.2% during the forecast period. The Industry 5.0 market is rapidly expanding, driven by technological advancements in AI, IoT, robotics, and 3D printing that enable manufacturers to automate processes, personalize products, and increase efficiency. Customer demands for more customized, sustainable, and rapidly updated products necessitate flexible and adaptable manufacturing models. Finally, the growing need for resilience in the face of disruptions and sustainability concerns has led Industry 5.0 to prioritize resource optimization, adaptability, and worker well-being, creating an impactful market landscape.

• Published: April 2024

Exoskeleton Market Size and Share

The global exoskeleton market size in terms of revenue was estimated to be USD 0.7 billion in 2023 and is poised to reach USD 3.7 billion by 2028 , growing at a CAGR of 38.6%. from 2023 to 2028. The new research study consists of an industry trend analysis of the market.

• Published: April 2024

Vertical Farming Market Size Overview, Market Dynamics

The global vertical farming market size is estimated to be USD 5.1 billion in 2023, and it is expected to reach USD 15.3 billion by 2028, growing at a CAGR of 24.7% from 2023 to 2028. Various factors are fueling the growth of the vertical farming market share. One of the key drivers is the decreasing availability of land for agriculture, which is happening due to urbanization, deforestation, and climate change. This trend poses a challenge to traditional farming methods, but vertical farming offers a solution by utilizing space more efficiently to produce food.

• Published: April 2024

Electronic Warfare Market Size

The Electronic Warfare Market size is projected to grow from USD 10.8 billion in 2023 to USD 19.4 billion by 2028, growing at a CAGR of 12.5 % from 2023 to 2028. The global electronic warfare (EW) market expansion is primarily attributed to escalating geopolitical tensions and the consequent defense modernization initiatives. Enhanced funding for research and development (R&D) activities fosters innovation in EW technologies, notably in quantum computing and artificial intelligence (AI) applications for electronic attack (EA), electronic protection (EP), and electronic support (ES).

• Published: April 2024

Weather Forecasting Services Market Size

The Weather Forecasting Services market size is projected to grow from USD 1.9 billion in 2023 to USD 2.8 billion by 2028, at a CAGR of 8.2%. The demand for enhanced safety and minimize the loss in various industry is driving the market for Weather Forecasting Services.  The Forecasting services is developing rapidly by use of advanced technologies to minimize the loss due to bad weather conditions. Government support and growing investments are propelling the development of Meteological , further boosting the growth of the Weather Forecasting Services market. Increased adoption of big data, artificial intelligence (AI), the Industrial Internet of Things (IIoT), the Internet of Things (IoT), and data analytics in Weather Forecasting Services are used for accurate weather forecasting data. The Weather Forecasting Services systems help to collect and transmit the forecast data and improve safety and prevent accidents.

• Published: April 2024

Distributed Fiber Optic Sensor Market Size

• Published: April 2024

Smart Glass Market Size

• Published: April 2024

Laser Technology Market Size

The global laser technology market size is estimated to be valued at USD 20.0 billion in 2024 and is anticipated to reach USD 29.5 billion by 2029, growing at a CAGR of 8.0% during the forecast period.

• Published: April 2024

Aircraft Cabin Interiors Market Size

The aircraft cabin interiors market size is an integral part of the aviation industry, catering to the design, installation, and maintenance of cabin components such as seats, galleys, lavatories, and in-flight entertainment systems. However, recent delays in aircraft deliveries have had a significant impact on the aviation sector, leading to operational challenges, cash flow issues, and potential losses for lessees. These delays not only affect airlines but also have ripple effects on suppliers, including cabin interior manufacturers.

• Published: April 2024

Military Radars Market Size

According to recent reports, the military radars market size is projected to grow from USD 13.5 billion in 2022 to USD 17.1 billion by 2027, at a compound annual growth rate (CAGR) of 4.7% during the forecast period. This growth is driven by several factors, including increasing defense budgets, geopolitical tensions, and technological advancements in radar systems.

• Published: April 2024

Actuators Market Size

According to industry reports, the Actuators Market Size is projected to grow from USD 67.7 billion in 2024 to USD 94.8 billion by 2029, at a compound annual growth rate (CAGR) of 7.0%. This substantial growth is attributed to the increasing demand for automation and the adoption of actuators across industries such as manufacturing, aerospace, automotive, and healthcare.

• Published: April 2024

NDT and Inspection Market size

The Non-Destructive Testing (NDT) and inspection Market Size play a crucial role in ensuring the safety, reliability, and efficiency of various industries, including power generation. As the need for reliable energy sources continues to grow, the power generation industry presents significant opportunities for NDT and inspection services. With advancements in technology and increasing regulatory requirements, the NDT and inspection market is poised for substantial growth to meet the needs of this critical sector.

• Published: April 2024

Interactive Display Market Size

The interactive display market size is experiencing robust growth, with projections indicating further expansion in the coming years. The interactive display market is projected to grow from USD 12.5 billion in 2024 to USD 16.9 billion by 2029; it is expected to grow at a CAGR of 6.3% from 2024 to 2029. This growth is fueled by the rising demand for interactive displays in education, retail, healthcare, entertainment, and other sectors.

• Published: April 2024

Test and Measurement Equipment Market Size

The test and measurement equipment market size plays a critical role in ensuring the quality, reliability, and efficiency of products across various industries. From electronics and telecommunications to automotive and aerospace, these instruments are essential for verifying performance, detecting defects, and maintaining compliance with industry standards. In this article, we will delve into the current state of the test and measurement equipment market, including its size, key trends, and future prospects.

• Published: April 2024

Temperature Sensor Market Size

The global temperature sensor market size s poised for significant growth, with China anticipated to dominate the Asia Pacific region during the forecast period. Temperature sensors play a crucial role in various industries, including automotive, healthcare, consumer electronics, and manufacturing, driving the demand for innovative and reliable temperature sensing solutions.

• Published: April 2024

Synthetic Natural Gas Companies - Basin Electric Power Cooperative (US), Air Liquide (France) and EnviTec Biogas AG (Germany) are Key Players

The global synthetic natural gas market is expected to reach USD 68.4 billion by 2029, up from an anticipated USD 23.9 billion in 2024, at a CAGR of 23.4% over the forecast period. Synthetic natural gas (SNG) occupies a crucial position in the ongoing global energy transition. It serves as a vital bridge between traditional fossil fuels and emerging renewable energy sources like wind and solar power.

• Published: April 2024

Oxygen Free Copper Companies - Proterial Metals, Ltd. (Japan) and Mitsubishi Materials Corporation (Japan) are Leading players in the Oxygen-Free Copper Market

The global oxygen-free copper market size is projected to grow from USD 30.9 billion in 2024 to USD 40.4 billion by 2029, at a CAGR of 5.5% during the forecast period.

• Published: April 2024

Sustainable Manufacturing Companies - Veolia (France) and Umicore (Belgium) are the Key Players

The global Sustainable manufacturing market is expected to grow from USD 215.4 billion in 2024 to USD 367.2 billion in 2029 at a CAGR of 11.3% during the forecast period. The expansion of the sustainable manufacturing market is driven by several factors, including rapid technological advancements in the manufacturing industry, countries moving towards low carbon neutrality, and an emphasis on green transition. This evolution responds to the increasing demand for customized products and personalized experiences, fostering companies to achieve zero waste-to-landfill status and encouraging them to adopt recycling and waste reduction practices.

• Published: April 2024

Smart Home Market Size: Trends and Growth Prospects

The smart home market size is experiencing robust growth, driven by technological advancements, changing consumer lifestyles, and increasing awareness about energy efficiency and home automation. As more households worldwide embrace connected devices and smart solutions, the smart home market is poised for significant expansion in the coming years.

• Published: April 2024

Top Companies in Automotive E-Compressor Industry - DENSO CORPORATION (Japan), Hanon Systems (South Korea) and MAHLE GmbH (Germany) are Leading Players

The automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% during the forecast period.

• Published: April 2024

Biomarkers Industry - Forthcoming Trends to Fuel the Global Growth

The biomarkers market is expected to reach USD 93.8 billion in 2029 from USD 57.7 billion in 2024, at a CAGR of 10.2% during the forecast period. The major factors driving the growth of this market include the growing importance of companion diagnostics, the increase in the global prevalence of cancer, and the growing importance of biomarkers for rare conditions.

• Published: April 2024

Biomarkers Market Size & Share - Future Growth Expectations

The biomarkers market is expected to reach USD 93.8 billion in 2029 from USD 57.7 billion in 2024, at a CAGR of 10.2% during the forecast period. The major factors driving the growth of this market include the growing importance of companion diagnostics, the increase in the global prevalence of cancer, and the growing importance of biomarkers for rare conditions.

• Published: April 2024

MRI Systems Industry - Impact of Emerging Trends on Global Growth

The global magnetic resonance imaging (MRI) systems market is projected to reach USD 6.6 billion by 2028 from USD 5.2 billion in 2023, at a CAGR of 5.0% from 2023 to 2028. The rising prevalence of targeted diseases and increasing technological advancements fuel the market growth.

• Published: April 2024

MRI Systems Market Size & Share - Future Growth Expectations

The global magnetic resonance imaging (MRI) systems market is projected to reach USD 6.6 billion by 2028 from USD 5.2 billion in 2023, at a CAGR of 5.0% from 2023 to 2028. The rising prevalence of targeted diseases and increasing technological advancements fuel the market growth.

• Published: April 2024

Organic Pigments Companies - DIC Corporation (Japan) and Heubach GmbH (Germany) are Leading players in the Organic pigments Market

The organic pigments market is projected to grow from USD 4.4 billion in 2024 to USD 6.0 billion by 2029, at a CAGR of 6.5% during the forecast period. Various types of organic pigments are getting increasingly used in paints & coatings, printing inks, plastics, and various other applications. The growing demand from packaging applications id driving the growth of organic pigments market across the globe. Organic pigments offers better properties as compared to the other inorganic pigments which is fuelling the demand of organic pigments.

• Published: April 2024