Research Insight

Market Leader - Blue Hydrogen Market

The global blue hydrogen market is projected to reach USD 44.5 billion by 2030 and USD 18.2 billion by 2022, at a CAGR of 11.9% from 2022 to 2030. The factors driving the blue hydrogen market growth are the increasing demand for hydrogen in petroleum refineries and transportation and power generation applications.

• Published: November 2022

Turret System Companies - Elbit Systems (Israel) and Northrop Grumman Corporation (US) are the Key Players

The turret system market is projected to grow from USD 19.7 billion in 2022 to USD 22.6 billion by 2027, registering a CAGR of 2.8% during the forecast period. Turret systems provide maneuverability to the weapon systems mounted on them and assist in the automatic tracking of targets. They enhance the accuracy of firing capabilities and offer stability to weapon systems. Modern turret systems enable computer data acquisition for ballistic calculations. They also offer fire-on-the-move capability by ensuring gun stabilization during random disturbances generated by a platform moving on unconstrained terrains. Gun stabilization involves holding the gun orientation stationary relative to a reference on the ground.

• Published: November 2022

Key Players adopted various growth strategies to increase their market presence, such as partnerships, agreements, collaboration, acquisitions, and product developments in Passwordless Authentication Market

MarketsandMarkets forecasts the global passwordless authentication market size estimated to be USD 6.6 billion in 2022 and is projected to reach USD 21.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 26.2% during the forecast period. Reduction in the total cost of ownership, strengthening of security and a reduction in cyberattacks, and better user experience are key factors driving the market growth.

• Published: November 2022

Market Leader -Automotive Differential Market

The automotive differential market is projected to reach USD 23.7 billion by 2027 from USD 20.0 billion in 2022, at a CAGR of 3.5%. The automotive differential market is primarily driven by increasing demand for the vehicles (PCs, LCVs, and HCVs). Further, rising demand for premium cars has significantly created the demand for AWD/4WD drive system vehicle results in increasing demand for automotive differential.

• Published: November 2022

Market Leader - Industrial Insulation Market

The industrial insulation market size is projected to reach USD 5.0 billion by 2027, at a CAGR of 5.4% from USD 3.9 billion in 2022. Growth in Asia Pacific is primarily attributed to the fast-paced expansion of the economies, such as China, India, Indonesia, Thailand, and Malaysia. The region has become an attractive location for chemical, power, oil & petrochemical, gas, and cement industries. Increasing power and energy requirements in emerging and developed economies is the major driver for the growth of the industrial insulation market. Growing industrialization is expected to increase the demand for industrial insulation during the forecast period.

• Published: November 2022

Market Leaders- Top Thin-Film Encapsulation (TFE)

The thin-film encapsulation (TFE) market is estimated to grow from USD 92 million in 2022 to reach USD 223 million by 2027; it is expected to grow at a CAGR of 19.4% from 2022 to 2027. The growth of the thin-film encapsulation (TFE) market can be attributed to growing use of thin-film barriers in flexible and organic electronic devices and the integration of flexible OLED displays into smartphones and smart wearables. Key players in the TFE market are Samsung SDI Co., Ltd. (South Korea); LG Chem (South Korea); 3M (US); Toppan Inc. (Japan); Ergis Group (Poland); Veeco Instruments Inc. (US); Universal Display Corporation (US); Applied Materials, Inc. (US); Kateeva (US); Toray Industries, Inc. (Japan); tesa (Germany); Ajinomoto Fine-Techno Co., Inc. (Japan); Coat-X (Switzerland); Borealis AG (Austria); BASF (Germany); AMS Technologies (Germany); Angstrom Engineering, Inc. (Canada); Beneq (Finland); Encapsulix (France); and Lotus Applied Technology (US). Most of the leading companies have adopted product launches and partnerships as key strategies to boost their revenues in the TFE market.

• Published: November 2022

Market Leaders: CHR. Hansen Holdings A/S (Denmark) and Kerry Group (Ireland) Continue to Bring Innovative Lactase Products and Expanding Their R&D Capacities to Further Strengthen Their Presence in the Global Lactase Market

The lactase market size is estimated to be valued at USD 247 million in 2022 and is projected to reach USD 336 million by 2027, recording a CAGR of 6.3% during the forecast period in terms of value. Heavy investments are being made in R&D by global giants to manufacture lactase products for the pharmaceutical, dietary supplements and food and beverage industry . The global lactase market has realized opportunities in terms of growing cases of lactose intolerance, increasing health awareness and rising interest in functional foods.

• Published: November 2022

Software Defined Radio Companies - L3Harris Technologies, Inc. (US), Raytheon Technologies Corporation (US) are the Key Players

The Software Defined Radio Market is projected to grow from USD 10.0 Billion in 2022 to USD 12.5 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 4.6% from 2022 to 2027.

• Published: November 2022

Expansions, joint ventures, and agreements are the key strategies adopted by the leading players in the Polyisobutylene Market

The global polyisobutylene market is projected to reach USD 4.0 billion by 2027, at a CAGR of 6.8% from 2022 to 2027. Polyisobutylene is a polymer produced by cationic polymerization of isobutylene with C4 hydrocarbons. It is used for their high viscosity, high flash point, excellent elasticity, and durability. The use of polyisobutylene has become crucial in various end-use industries such as transportation as they exhibit low gas permeability, high electrical insulation, and increased tensile strength. Asia Pacific is the dominating PIB market. This larger market share is attributed to the high demand from end-use industries such as transportation, industrial applications, and food in the region. Growing investment in the transportation sector in the Asia Pacific region is one of the major reasons behind the growing consumption in the region.

• Published: November 2022

Foremost Companies in the Needles Market: Becton, Dickinson, and Company (US) and Medtronic (Ireland)

The global Needles Market is expected to reach USD 10.6 billion by 2027 from USD 7.7 billion in 2022, at a CAGR of 6.7% during the forecast period. The growth of this market is majorly driven by High prevalence of chronic diseases and Increasing demand for vaccines. However, Use of needle-free injection technology is one of the challenges for which may hinder the growth of this market.

• Published: November 2022

Battery Coating Companies: Arkema (France) & Solvay (Belgium) are Leading Players in the Battery Coating Market

The global battery coating market is anticipated to grow from USD 604.7 million in 2024 to USD 1,613.6 million in 2030, at a CAGR of 17.8% during the forecast period. The surge in the battery coating market is driven by the increasing demand for high-performance and durable batteries, especially in the electric vehicle (EV) industry. As EV adoption rises globally, the need for efficient and longer-lasting batteries becomes more critical. Battery coatings play a vital role in enhancing the performance of lithium-ion batteries, which are widely used in EVs. These coatings improve battery lifespan by reducing degradation, enhancing thermal stability, and protecting against chemical reactions within the cells, contributing to the development of longer-range EVs and faster charging solutions.

• Published: November 2022

Illumina, Inc. (US), QIAGEN N.V. (Germany), NeoGenomics Laboratories, Inc. (US), Sysmex Corporation (Japan), HTG Molecular Diagnostics, Inc. (US), are the leading players in the Cancer/Tumor Profiling Market

The cancer/tumor profiling market is projected to reach USD 16.0 billion by 2027 from USD 9.7 billion in 2022, at a CAGR of 10.6% during the forecast period. Growth in this market is majorly driven by the rising incidence of cancer across the globe, increasing use of biomarkers in cancer profiling, rising funding investments in cancer research and technological advancements in profiling technologies are also propelling the growth of the cancer/tumor profiling market. The growing preference for personalized medicine, and growing need for point-of-care diagnostics are expected to offer significant growth opportunities for market players during the forecast period. However, high capital investment for biomarker discovery and technical issues related to sample collection & storage are expected to limit market growth to some extent in the coming years.

• Published: November 2022

Outdoor LED Lighting Companies - Acuity Brands Lighting, Inc. (US), Cree Lighting (US) and Dialight (UK) are the Key Players

The global outdoor LED lighting market is estimated to be USD 25.7 billion in 2022. It is projected to reach USD 51.5 billion by 2027, at a CAGR of 14.9% during the forecast period.

• Published: November 2022

Feminine Hygiene Products Companies - Procter & Gamble (US) and Kimberly-Clark Corporation (US) are Leading Players in the Feminine Hygiene Products Market

The feminine hygiene products market is projected to grow from USD 24.6 billion in 2023 to USD 32.2 billion by 2028, at a CAGR of 5.5% from 2023 to 2028. Feminine hygiene products are designed to help women maintain cleanliness, comfort, and health during their menstrual cycle and for general vaginal care. These products manage menstrual flow, maintain personal hygiene, and prevent discomfort or odor. The rising awareness and literacy about feminine hygiene and the increasing disposable income of females have increased the demand for feminine hygiene products.

• Published: November 2022

Alfa Laval AB (Sweden), HRS Heat Exchangers (UK) are Leading Players in the Shell & tube Heat exchanger Market

The global shell & tube heat exchanger market size is projected to grow from USD 9.0 billion in 2022 to USD 11.7 billion by 2027, at a CAGR of 5.4% between 2022 and 2027. Growing industrialization in emerging markets, rising demand for HVACR equipment, and stringent environmental and energy efficiency regulations are driving the market for shell & tube heat exchanger.

• Published: November 2022

ServiceNow (US), AWS (US) and Microsoft (US) are leading players in Citizen Services AI Market

The global citizen services AI market is projected to register a CAGR of 44.5% during the forecast period, reaching USD 41.0 billion by 2027 from an estimated USD 6.5 billion in 2022. Major drivers for the market include lower initial investments for installation and lower ongoing operational expenses. The citizen services Al solution assists companies in streamlining their operations and enhancing customer satisfaction. Depending on the size of their organization, businesses provide several price options to customers. As a result, product vendors provide customers with a variety of price options, which enable SMEs to install order management solutions at a reasonable cost. Underlying restraints in the citizen services AI market include the absence of necessary resources, including labor, to implement other solutions, such as citizen-based Al services. Additionally, there is a dearth of knowledge about digital technology among government entities, which results in the poor deployment of any digital solution. Government organizations choose the wrong vendor to implement Al services due to a lack of competence, which eventually results in higher costs.

• Published: November 2022

Environmental Testing Market Size & Share - Future Growth Prediction

The environmental testing market is estimated at USD 7.43 billion in 2025 and is projected to reach USD 9.32 billion by 2030, at a CAGR of 4.6% from 2025 to 2030.

• Published: November 2022

Environmental Testing Industry - Upcoming Growth Trends in the Global Market

The environmental testing market is estimated at USD 7.43 billion in 2025 and is projected to reach USD 9.32 billion by 2030, at a CAGR of 4.6% from 2025 to 2030.

• Published: November 2022

Hydrogen Peroxide Companies - Arkema (France), Evonik Industries AG (Germany) and Solvay S.A. (Belgium) are Leading Players in the Hydrogen Peroxide Market

The global hydrogen peroxide market is projected to grow from USD 3.2 billion in 2022 to USD 4.0 billion by 2027, at a CAGR of 5.0% during the forecast period. Hydrogen peroxide plays a vital role in the chemical industry. These products are necessary raw materials in major bulk chemical industries and are utilized in various industrial and manufacturing value chains. The products are used in different applications, such as textile, food processing, electronics semiconductor, paper & pulp, and others, and find applications in diverse end-use industries (construction, automotive, and others). Thus, rising chemical output and strong economic conditions in emerging countries are expected to drive the growth of the hydrogen peroxide market

• Published: November 2022

Market Leaders: Majority of Big Players are Focusing on Product Launches and Acquisition to Strengthen their Market Position in Specialty Fertilizers Market

According to MarketsandMarkets, the global specialty fertilizers market size is estimated to be valued at USD 24.3 billion in 2022 and is projected to reach USD 33.7 billion by 2027, recording a CAGR of 6.8% in terms of value. The market for specialty fertilizers has seen significant growth due to the comparatively lower effectiveness of conventional fertilizers and the need to boost crop productivity. Their use can help push nutrient use efficiency (NUE) and reduce the environmental damage caused by chemical fertilization and the improper disposal/reuse of agricultural waste. The agricultural and environmental benefits associated with these fertilizers are the major factors contributing to the growth of this market globally.

• Published: November 2022

Merck KGaA (Germany), Thermo Fisher Scientific (US) and Agilent Technologies (US) are Leading Players in the Glycomics/Glycobiology Market

The glycomics/glycobiology market is projected to reach USD 3.7 billion by 2027 from USD 1.8 billion in 2022, at a CAGR of 15.5% during the forecast period. Growth in the glycomics/glycobiology market can be attributed to factors such as the collaborations and partnerships among market players for the development of glycobiology products, advanced technology for glycobiology, increasing prevalence of cancer and increased use of glycans as biomarkers to identify diseases.

• Published: November 2022

Market Leaders: FKS Multi Agro and Mukka Proteins Limited are Focusing On Investments and Expansions to Consolidate their Position in the market of Fishmeal & Fish Oil

The global fishmeal & fish oil market size is estimated to value at USD 12.1 billion in 2022 and is projected to reach USD 15.4 billion by 2027, recording a CAGR of 4.9%, in terms of value during the forecast period. The fishmeal & fish oil cater to a range of livestock applications such as aquatic animals, swine, poultry, cattle and pets and industrial applications such as fertilizers, aquaculture, and pharma. Their demand has been surging in recent years owing to the rising focus and increased spending towards health and nutrition of pet animals.

• Published: November 2022

Raven Industries (US) and Atarfil (Spain) are Leading players in the Geomembranes Market

The global geomembranes market size is expected to grow from USD 2.6 billion in 2022 and is project to reach  USD 3.7 billion by 2027, at a CAGR of 7.6%. The major factors driving the market is growing  mining activities in APAC and South America.  Furthermore,  the growing concerns towards waste and water management activities will also drive the market in near future.

• Published: November 2022

Market Leaders- Top Compound Semiconductor

The global compound semiconductor market size is estimated to be USD 40.5 billion in 2022 and is projected to reach 55.8 billion by 2027, at a CAGR of 6.6% during the forecast period. Continuous emergence of technologies in GaN ecosystem and rise in demand and implementation of GaN and SiC in semiconductor industry have fostered the growth of the compound semiconductor market.

• Published: November 2022

Accenture (Ireland) and IBM (US) are leading players in IoT Professional Services Market

The global IoT professional services market is expected to account for USD 158.9 billion by 2027, growing at a CAGR of 6.4% during the forecast period.

• Published: November 2022

Market Leaders: Majority of Big Players are Focusing On Investment and Acquisition to Strengthen Their Market Position in Vegetable Oils in Beauty and Personal Care Market

According to MarketsandMarkets, the global vegetable oils in beauty and personal care market is projected to reach USD 5.8 billion by 2027 from USD 4.4 billion by 2022, at a CAGR of 5.7% during the forecast period in terms of value.  Vegetable oils are traditionally used in cosmetic products such as day creams, night creams, lotions, lipsticks, and shampoos. The wide range of fatty acids in vegetable oils drives consumer demand as there is a rising trend for natural and organic products.

• Published: November 2022

Hexagon Composites ASA (Norway) and Luxfer Group (US) are Leading Players in the FRP Vessels Market

The global FRP vessels market size is projected to grow from USD 3.9 billion in 2022 to USD 5.7 billion by 2027, at a CAGR of 8.0%. Vessels made with composite materials, resins, and additives are known as FRP (fiber reinforced plastic) vessels. The most frequently used composites for fabrication of primary and secondary constructions in the FRP vessels industry are made of polyester, epoxy, phenolic, or polymer matrix combined with glass or carbon fiber. The proper combination of resins, fibers, and fillers creates a lightweight, strong, easy-to-construct, and cost-effective product that facilitates physical access, ease of transportation, and cyclic loading; it also offers resistance against chemicals and corrosion, and a longer service life.

• Published: November 2022

Injection Molding Machine Companies - Haitian International Holdings Limited (China) and Chen Hsong Holdings Ltd. (China) are Leading Players in the Injection Molding Machine Market

The injection molding machine market is projected to reach USD 12.4 billion by 2027, at a CAGR of 3.6% from USD 10.4 billion in 2022. The growth is largely driven by factors such as high demand from the automotive, packaging, and electrical & electronics industries. The rising consumption of plastics in various industries, increasing demand for injection molding machines as well.

• Published: October 2022

Military Embedded Systems Companies - Curtiss-Wright Corp. (US), Mercury Systems (US) are the Key Players

The Military Embedded Systems Market is estimated to be USD 1.6 Billion in 2022 and is projected to reach USD 2.5 Billion by 2027, at a CAGR of 9.6% from 2022 to 2027. The market is driven by factors such as development of new & advanced Military embedded systems for different commercial ships, increasing use of navigation & communication systems in ships & aircraft, among others.

• Published: October 2022

Automotive Lighting Companies - Koito Manufacturing Co., Ltd. (Japan), Magnetic Marelli (Italy) and HELLA GmbH & Co. KGaA (Germany) are leading players

The Automotive Lighting market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period. The Automotive Lighting market will witness rapid growth owing to the continuous advancement in LED technologies and the rising adoption of these advanced lighting technologies in mid-range and high-end vehicles. Leading lighting manufacturers are highly focused on launching advanced products with innovative technologies, which will serve the rising demand from end users. Increasing awareness about on-road safety and demand for proper vehicle lighting, which improves the vehicle's aesthetic appeal, is fueling the demand for automotive lighting.

• Published: October 2022

Market Leaders - Aminophenol Market

The global aminophenol market size is estimated to be USD 1.4 billion in 2022 and projected to reach USD 1.7 billion by 2027, at a CAGR of 4.0% during the forecast period. The growing demand for aminophenol is from end-use industries, such as pharmaceutical, chemical, cosmetic, and others, which drives the market. Also, the increasing usage of aminophenol in countries including China, India, and the US is expected to drive the market.

• Published: October 2022

Thermo Fisher Scientific, Inc. (US) and Danaher Corporation (US) are Leading Players in the Single Use Consumables Market

The global single use consumables market is projected to reach USD 4.7 billion by 2027 from USD 2.2 billion in 2022, at a CAGR of 16.6% during the forecast period. Rising adoption of single use bioprocessing over traditional stainless methods is rising the demand for single use consumables across the globe. Additionally, the use of single-use consumables increases the productivity of manufacturing processes due to reductions in the cost and complexity of automation. These factors are expected to propel the market growth in coming years.

• Published: October 2022

Market Leader - Black Phosphorus Market

The black phosphorus market is estimated to grow to USD 83 million by 2027 from USD 13 million in 2022, at a CAGR of 43.1% between 2022 and 2027. The black phosphorus market is mainly driven by the increasing demand for gas sensors in critical industries and the implementation of various health and safety regulations globally. The high cost of production hampers the growth of the market. The increasing demand from the energy storage application is creating opportunities in the market.

• Published: October 2022

Market Leader - Light Electric Vehicles (LEVs) Market

The global light electric vehicle (LEV) market is projected to grow from USD 78.5 billion in 2022 to USD 122.7 billion by 2027, registering a CAGR of 9.4%. E-ATV/UTV, E-Bike, E-Scooter, E-motorcycle, Neighborhood Electric vehicles, E-Lawn Mowers, and Electric industrial vehicles were mapped as part of this research. Factors such as improved government push for the electrification of electric commercial vehicles for agricultural and warehousing use, easy access to charging points, and increased user preference for zero-emission transport will increase the demand for electric utility vehicles. Factors Leading original equipment manufacturers (OEMs) have begun investing in R&D for electric utility vehicles as a result of factors like rising demand for zero-emission vehicles and strong governmental support. The demand for electric utility cars will expand in practically every sector as a result of rising petroleum prices around the world. The efficiency of these batteries is probably going to increase as EV batteries develop. Users of electric utility cars will be able to easily charge their vehicles (so they can be switched out via battery swapping) and drive great distances thanks to the rapid charging infrastructure set up in several countries: Over the past ten years, LEV technology has experienced rapid expansion as consumer demand for these cars has grown. To increase the efficiency of LEVs, important technologies are being developed, including the internet of things (IoT), 5G linked cars, artificial intelligence (AI), and smart charging systems. These technologies can be used to greatly improve the efficiency of LEVs. IoT is a network of computing systems that allows for data transport. Businesses use this technology to transfer files over a single network. Similar to how smart warehouses using autonomous guided vehicles (AGVS) require real-time communication, 5G, the fifth generation of wireless technology, can improve the efficiency of smart warehouse operations. For instance, since May 2018, Toyota Material Handling has been engaged in four Al development initiatives.

• Published: October 2022

Green Coatings Companies - Axalta Coating Systems (US) and PPG Industries (US) are Leading Players in the Green Coatings Market

The Green coatings market is projected to grow from USD 123.6 billion in 2022 to USD 155.9 billion by 2027, at a CAGR of 4.8% between 2022 and 2027. Asia Pacific is estimated to be the largest consumer of Green coatings. The global Green coatings major players have made several strategic developments across value chain to focus on changing customer preferences.

• Published: October 2022

Aircraft Flight Control Systems Companies - Moog Inc. (US) and Safran SA (France) are the Key Players

The Aircraft Flight Control Systems market size is projected to grow from USD 14.5 Billion in 2022 to USD 21.5 Billion by 2027, at a CAGR of 8.2 % from 2022 to 2027. The necessity for lightweight flight control systems to fulfill the demand for modern aircraft and increased air traffic footprint is expected to influence the demand for commercial aircraft globally. However, delays in aircraft orders are anticipated to hinder market growth during the forecast period.

• Published: October 2022

IBM (US) and Ericsson(Sweden) are leading players in Cloud Managed Services Market

The Cloud managed services market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period, to reach USD 164.0 billion by 2027 from USD 99.0 billion in 2022.

• Published: October 2022

Foremost Companies in the Process Analytical Technology Market: Thermo Fisher Scientific, Inc. (US) and Agilent Technologies, Inc. (US)

The global process analytical technology market is projected to reach USD 6.1 billion by 2027 from USD 3.2 billion in 2022, at a CAGR of 13.8% during the forecast period. Market growth is primarily driven by factors such as government regulations on drug safety, increased R&D spending by pharmaceutical and biopharmaceutical firms, improvements in drug quality, increasing government investments in emerging countries, and technological advancements in analytical devices. However, the high cost of deployment of PAT systems and a shortage of skilled professionals are expected to limit market growth to a certain extent in the coming years.

• Published: October 2022

Ananas Anam (UK) and DESSERTO (Mexico) are leading players in Plant-Based Leather Market

The plant-based leather market is projected to reach USD 97 million by 2027 growing at a CAGR of 7.5% from 2022 to 2027. The detrimental impact of the animal leather industry on the environment is influencing consumers to seek eco-friendly substitutes for conventional leather. One such substitute that has revolutionized sustainable fashion is plant-based leather, which gives customers a way to choose clothing that is more environmentally ethical without sacrificing quality or style. Plant-based leather is a biodegradable, cruelty-free animal leather substitute made from agro-waste using much less water and energy.

• Published: October 2022

Water Storage Systems Companies - CST Industries Inc. (US) and McDermott International Inc. (US) are Leading Players in the Water Storage Systems Market

The global water storage systems market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%. The increasing demand for water storage systems from end uses, such as residential, commercial, industrial, and municipal, drives the market. Demand for water tanks is encouraged by many companies to formulate different developmental strategies in the water storage systems market to expand their footprint in the market. The companies have adopted various strategies, such as investment & expansion, merger & acquisition, new product launches, and joint ventures to increase their global presence and maintain sustained growth in the water storage systems market.

• Published: October 2022

Lyft, Inc (US), Bird (US) and TIER (Germany) are leading players in Micro-Mobility Market

The micro-mobility market is estimated to grow from USD 3.4 billion in 2022 to USD 6.1 billion by 2027 at a CAGR of 12.5% over the forecast period . The growth of this market is primarily driven by the rapid urbanization, rise in demand for on-demand public transportation, rise in traffic congestion in smart cities, and rise in venture capital and strategic investments.

• Published: October 2022

Market Leaders : SGS Group Remains on of the Market Leaders with Its Diversified Product Portfolio and Efficient Risk Management Services in Soil Monitoring Market

The global soil monitoring market is estimated to be valued at USD 551 million in 2022 and is projected to reach USD 1,088 million by 2027, recording a CAGR of 14.6%. The demand for soil monitoring products is increasing due to the increasing adoption of sustainable agricultural practices.

• Published: October 2022

Alfa Laval (Sweden) and Wartsila (Finland) are leading players in Scrubber System Market

The global scrubber system market is projected to grow from USD 5.0 billion in 2022 to USD 6.7 billion by 2027, at a CAGR of 6.1%, from 2022 to 2027. Rising concerns regarding emissions and the formulation of various environmental protection laws and mandates to reduce the same on a global level have increased the need to undertake measures on air pollution control, which is likely to increase the usage of scrubber systems.

• Published: October 2022

Polaris (US), Club Car (US), Toyota Industries Corporation (Japan) and John Deere (US) are leading players in Electric Utility Vehicle Market

The global electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles were mapped as part of this research. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers (OEMs) to invest in R&D for electric utility vehicles. The rising petroleum prices globally will also cater to increased demand for electric utility vehicles in almost every sector. With advances in EV batteries, the efficiency of these batteries is likely to grow. A prompt charging infrastructure set up in many countries will make electric utility vehicle users charge their vehicles easily (or swap them via battery swapping) and travel long distances.
Electric utility vehicle technology has become a high-growth sector in the past decade; technological developments have increased the demand for these vehicles. Key technologies such as the internet of things (IoT), 5G connected vehicles, artificial intelligence (AI), and smart charging systems are under development to make electric utility vehicles more efficient. By leveraging these technologies, the efficiency of electric utility vehicles can be increased manifold. IoT is a computing system network that enables data transfer. Industries adopt this technology to send and receive files via a single network. Likewise, smart warehouses that use automated guided vehicles (AGVs) need real-time connectivity—and 5G meets this demand. 5G is the fifth generation of wireless technology, which can make smart warehouses operate more efficiently. For instance, Toyota Material Handling has been working on four AI development projects since May 2018.

• Published: October 2022

Cisco Systems, Inc. (US), IBM Corporation (US) and Deere & Company (US) are leading players in Digital Agriculture Market

The global digital agriculture market is on a trajectory of significant growth, with an estimated value forecasted to reach USD 39.8 billion by 2029 from the 2024 valuation of USD 24.2 billion, exhibiting an optimistic Compound Annual Growth Rate (CAGR) of 10.4%. The digital agriculture industry is experiencing significant growth, driven by several factors such as rising demand for precision farming solutions, increasing awareness of the benefits of digital technologies in agriculture, advancements in sensor technologies, resource scarcity, economic benefits, supportive policies, and the need for sustainable farming practices in the face of evolving environmental challenges. This creates a lucrative market with immense potential for growth and innovation.

Additionally, Governments are recognizing the potential of digital agriculture and offering subsidies, grants, and infrastructure development initiatives to boost adoption. This attracts research institutes, and private investors, accelerating technology development and market penetration.  For instance, Kansas State University (Manhattan, Kansas, US) propelled Digital Agriculture with the launch of the Institute for Digital Agriculture and Advanced Analytics in September 2023. The institute's core mission is to enhance agricultural, environmental, and socioeconomic decision-making by integrating modern analytical methods and digital technologies. This includes the development and incorporation of sensors, automation, and robots to amplify food production and inform sustainable and resilient systems.

• Published: October 2022

Dedicated Outside Air System Companies - Johnson Controls (Ireland) and Carrier Global (US) are the Key Players

The dedicated outdoor air system (DOAS) market is projected to grow from USD 3.9 billion in 2022 to USD 5.9 billion by 2027, registering a CAGR of 8.8% during the forecast period. Government regulations for HVAC equipment, increasing adoption of DOAS for residential and commercial applications, and increasing focus on indoor air and environmental quality are the key factors expected to boost the growth of the DOAS market over the next five years. However, a lack of consumer awareness and complexity in implementation are expected to be the key factors restraining the growth of market players.

• Published: October 2022

Foremost Companies in the Biological Safety Cabinet Market: Thermo Fisher Scientific (US), Kewaunee Scientific (US) and Labconco (US)

The global biological safety cabinet market is projected to reach USD 0.4 billion by 2027 from USD 0.2 billion in 2022, at a CAGR of 8.2% during the forecast period. Growth in the biological safety cabinet market is mainly driven by factors such as the increase in favorable regulations in pharmaceutical and biopharmaceutical companies and increase in number of communicable diseases.

• Published: October 2022

Sateri Group (China) and Lenzing AG (Austria) are Leading Players in the Eco Fibers Market

The Eco Fibers market size is estimated to be USD 52.0 billion in 2022 and is projected to reach USD 78.3 billion by 2027, at a CAGR of 8.5%.

• Published: October 2022

Market Leaders- Top Nickel Cadmium Battery Companies

The global nickel cadmium battery market size is projected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027 at a CAGR of 2.8% during the forecast period. Nickel cadmium batteries were one of the first rechargeable batteries that were used in portable electronics a few decades back, but now they are primarily used in industrial applications. The nominal voltage of these batteries is about 1.2 V and to obtain higher voltage, they can be packed together as battery packs to get higher voltage ranges such as 3.6 V, 4.8 V, and others for desired applications. These batteries are small and compact, which allows them to be used in various applications ranging from consumer electronics to medical devices. Moreover, they are robust, have long battery life, and can sustain high mechanical and electrical abuse, along with extreme temperatures. Hence, they are often used in crucial applications of railways and aerospace & defense

• Published: October 2022

Top Companies in PCR Technologies Market - Thermo Fisher Scientific, Inc. (US) and F. Hoffman-La Roche Ltd. (Switzerland) are the Leading Players

The PCR technologies market is projected to reach USD 21.89 Billion by 2030 from USD 14.61 Billion in 2024, growing at a CAGR of 7.0 % during the forecast period. A number of significant reasons are supporting the growth of the PCR technologies market. Demand for this market is enhanced by factors such as increase in  cases of  genetic disorders and infectious & chronic diseases , consistent innovations in PCR methods, government led initiatives  and increase in expenditure on R&D. However, high cost of equipment such as of dPCR and qPCR and the technical complexities of PCR-based devices are the factors that can limit the growth of this market.

• Published: October 2022