Research Insight

Top Water Soluble Fertilizers Companies: Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Quimicay Minera De Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), and Yara International (Norway)

The water-soluble fertilizers market size is projected to reach $25.1 billion by 2028 from $18.3 billion in 2023, growing at a CAGR of 6.5% from 2023 to 2028. The water-soluble fertilizer industry has experienced a shift in demand due to changing consumer preferences and an increasing need for convenience. Water soluble fertilizers offer an advantage over traditional fertilizers, such as their quick dissolving ability in water and a high level of nutrient availability. Companies are investing in R&D to meet the market’s needs.

• Published: April 2023

Glass Mat Companies - Increasing demand for lightweight products in the automotive & transportation industry to drive the Glass Mat Market

The glass mat market size is estimated to be USD 1.3 billion in 2022 and is projected to grow at a CAGR of 8.6% between 2023 to 2028. The use of glass mat in the wind energy, electrical & electronics, and consumer goods industries is also driving the market in the Asia-Pacific region. The use of glass mat has increased in the construction & infrastructure and industrial applications end-use industries for applications such as reinforcement of concrete products, utility poles, pipes & tanks, roofing panels, and composite walls. The light weight and high strength properties of glass mat allow these products to penetrate the market.

• Published: April 2023

Unveiling the Power of Digital Twins: 5 Trends Shaping the Future of Finance

The digital twin in finance market is expected to increase from USD 0.1 billion in 2023 to USD 0.5 billion by 2028, with a CAGR of 34.8% over the forecast period. The increased use of industry 4.0, as well as the necessity to test novel market scenarios in real time to decrease risks, will drive the development of digital twins in the financial sector. Industry 4.0 technology have opened up new possibilities for the banking industry. Industry 4.0 enables the launch of new banking services and chances to improve business performance and end-customer experiences.

• Published: April 2023

Digital Twin in Finance: Growth Drivers & Leading Players

The digital twin in finance market is expected to increase from USD 0.1 billion in 2023 to USD 0.5 billion in 2028, at a CAGR of 34.8% over the forecast period. The increased use of industry 4.0, as well as the necessity to test novel market scenarios in real time to decrease risks, will fuel the expansion of digital twins in the financial markets. Industry 4.0 technology have opened up new possibilities for the banking sector. With Industry 4.0, new banking services and opportunities can be introduced to boost corporate performance and end-customer experiences.

• Published: April 2023

Defense Electronics Companies - Lockheed Martin Corporation (US) and Northrop Grumman Corporation (US) are the Key Players

The Defense Electronics Market is projected to reach USD 213.2 Billion by 2028, from USD 166.7 Billion in 2023, at a CAGR of 5.1%. The global Defense electronics market has grown significantly in the past several years owing to increasing geopolitical disputes, terror attacks, and border issues. Technological developments in military systems and equipment have resulted in significant improvements in defense electronics systems. The use of integrated defense electronics products provides multiple advantages, such as real-time decision-making, remote operations, and reprogramming of systems for defense against new and emerging threats. Defense electronics products, including integrated electronic warfare systems, enable communication with multiple other military defense systems, resulting in better-coordinated operations.

• Published: April 2023

Top Companies in Diesel Engines Industry - Caterpillar (US), Cummins (US) and Hyundai Heavy Industries (South Korea)

The global diesel engine market is estimated to grow from USD 63.9 billion in 2023 to USD 78.8 billion by 2028, at a CAGR of 4.3% during the forecast period. Factors including the increased need for backup power production for power expansion, international marine freight transit improvement, and maritime tourism development primarily drive the diesel engine market. The propulsion systems and diesel engine market will continue to expand as more marine vessels would be required for defense and patrol.

• Published: April 2023

Top Companies List of Digital Twin in Finance Industry - IBM (US), Microsoft (US) and Capgemini (France) | MarketsandMarkets

The digital twin in finance market size is projected to grow from USD 0.1 billion in 2023 to USD 0.5 billion by 2028, at a CAGR of 34.8% during the forecast period. The growing adoption of industry 4.0 and need to test new market scenarios in real time to reduce risks will drive the growth of digital twin in financial market. In the banking sector, Industry 4.0 technologies have unlocked new dimensions. With Industry 4.0, new banking services and opportunities can be launched to improve business performance and end customer experiences.

• Published: April 2023

Top Cloud-based Quantum Computing Companies - Microsoft (US) and AWS (US)

The cloud-based quantum computing market is projected to grow from USD 798 million in 2023 to USD 4,063 million by 2028, at a CAGR of 38.5 %.

The increasing accessibility of quantum computers using cloud technology drives the market growth. The rapid digitalization across several countries is also projected to fuel market development in the coming years.

Major Cloud-based Quantum Computing Companies include

• IBM (US)
• Microsoft (US)
• Google (US)
• AWS (US)

• Published: April 2023

Military Laser Systems Companies - Northrop Grumman Corporation (US) and Lockheed Martin Corporation (US) are the Key Players

The Military Laser Systems Market is estimated to be USD 5.0 Billion in 2023 and is projected to reach USD 7.5 Billion by 2028, at a CAGR of 8.7% from 2023 to 2038. The market growth can be attributed to the rising focus on development of high-precision military laser systems and significant investments by governments for the development and procurement of modern weapon systems.

• Published: April 2023

Market Leaders: Major Players are Focusing on Investment and new Product Development to Strengthen their Market Position in Non-thermal Pasteurization Market

According to MarketsandMarkets, the non-thermal pasteurization market is projected to reach USD 5.7 billion by 2028 from USD 2.3 billion by 2023, at a CAGR of 20.0% during the forecast period in terms of value.The market for non-thermal pasteurization is growing at a significant pace globally due to the shift in preference for healthy food options and minimally processed ready-to-eat products in developed countries. The non-thermal pasteurization market is segmented into various techniques used for processing food and beverages. The conventionally used thermal food pasteurization technologies lead to changes in product characteristics such as flavor, color, texture, and nutritional value due to the application of heat. On the other hand, non-thermal food pasteurization technologies help retain these characteristics in food products with minimal or no changes to the product profile.

• Published: April 2023

Driving Growth in NLP in Finance Market : Size and Share

The global NLP in finance market is anticipated to grow at a compound annual growth rate (CAGR) of 27.6% over the course of the forecast period, from an estimated USD 5.5 billion in 2023 to USD 18.8 billion by 2028.

• Published: April 2023

Antimicrobial Plastics Companies - Market Leaders in Antimicrobial Plastics Market

In terms of value, the antimicrobial plastics market is estimated to grow from USD 41.7 billion in 2022 to USD 64.8 billion by 2028, at a CAGR of 7.7%. Antimicrobial plastics are necessary for medical devices because they prevent microorganisms from adhering to the surfaces of tools, equipment, and implants. In emerging nations, there is a higher need for hospitals and clinics due to increased healthcare expenses and population expansion which drives the demand for antimicrobial plastics. Antimicrobial plastics are also used in textile industry to prevent the growth of microorganisms. With the help of nanotechnology antimicrobials can be implemented in various technical and nontechnical textiles.

• Published: April 2023

Quantum Cryptography Market Innovations and Trends Driving 36.8% CAGR Growth

According to MarketsandMarkets, the market for quantum cryptography will expand at a compound annual growth rate (CAGR) of 36.8%, from an expected USD 1,157.0 million in 2024 to USD 7,594.0 million by 2030. Exponential adoption of quantum cryptography rising cyberattacks in the digitalization era, increasing cybersecurity funding, and rising demand for next-gen security solutions for cloud and IoT technologies are some factors driving the quantum cryptography market growth.

• Published: April 2023

Quantum Cryptography Market Size, Share and Growth Landscape

The market for quantum cryptography is expected to increase at a compound annual growth rate (CAGR) of 36.8%, from an anticipated USD 1,157.0 million in 2024 to USD 7,594.0 million by 2030, according to MarketsandMarkets. Exponential adoption of quantum cryptography rising cyberattacks in the digitalization era, increasing cybersecurity funding, and rising demand for next-gen security solutions for cloud and IoT technologies are some factors driving the quantum cryptography market growth.

• Published: April 2023

Synthetic Data Generation Market : Emerging Trends & Domain-Specific Solutions Drive Innovation

The size of the global synthetic data production market is anticipated to increase from USD 0.3 billion in 2023 to USD 2.1 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 45.7%.

To know about the assumptions considered for the study download the pdf brochure

• Published: April 2023

Top Companies in NLP in Finance Industry - Microsoft Corporation (US), IBM Corporation (US), Google LLC (US), Amazon Web Services (AWS) (US), Baidu Inc. (China)

The global NLP in finance market is anticipated to grow at a compound annual growth rate (CAGR) of 27.6% over the course of the forecast period, from an estimated USD 5.5 billion in 2023 to USD 18.8 billion by 2028.Major drivers for the market include the rise in content creation and creative applications, evolution in AI & deep learning, innovation of cloud storage enabling easy access to data, and acceleration in the deployment of Large Language Models (LLMs).

• Published: April 2023

Market Leaders - Food and Beverage Processing Equipment Market

The food and beverage processing equipment market is estimated at USD 64.6 billion in 2023 and is projected to reach USD 84.9 billion by 2028, at a CAGR of 5.6% from 2022 to 2028.

• Published: April 2023

Aspherical Lens Companies - Nikon Corporation (Japan) and Canon, Inc. (Japan) are the Key Players

The aspherical lens market is projected to grow from USD 9.0 billion in 2023 to USD 12.2 billion by 2028, registering a CAGR of 6.2% during the forecast period. Surging use of aspherical lenses in optical instruments and ophthalmic applications and growing applications in high-end smartphone cameras are expected to propel the aspherical lens market in the next five years. However, high production cost of aspherical lenses are likely to pose challenges for the industry players.

• Published: April 2023

Insight Engines Market - In-Depth Size and Share Insights

The Insight Engines Market is projected to expand at a compound annual growth rate (CAGR) of 27.1% from USD 1.7 billion in 2023 to USD 5.6 billion by 2028.

• Published: April 2023

Insight Engines Industry - Top Emerging Trends and Developments

The Insight Engine Market is projected to expand at a compound annual growth rate (CAGR) of 27.1% from USD 1.7 billion in 2023 to USD 5.6 billion by 2028. With the implementation of an insights engine, businesses tend to have a more efficient workflow, this is due to easy access to prior information and to better visualize the process to follow to achieve the desired results.

• Published: April 2023

Top Insight Engines Companies - OpenText (Canada), Elastic (US) and Coveo (Canada)| MarketsandMarkets

The market for insight engines is estimated to grow from USD 1.7 billion in 2023 to USD 5.6 billion by 2028, at a CAGR of 27.1% during the forecast period. With the implementation of an insights engine, businesses tend to have a more efficient workflow, this is due to easy access to prior information and to better visualize the process to follow to achieve the desired results. It combines search and machine learning capabilities to deliver data for machines and information for users. It enbales businesses to provide timely data that delivers actionable insights.

• Published: April 2023

Market Leaders: Major Players are Focusing on Investment and New Product Development to Strengthen their Market Position in Turf Protection Market

According to MarketsandMarkets, the turf protection  market is projected to reach USD 8.1 billion by 2028 from USD 6.4 billion by 2023, at a CAGR of 4.9% during the forecast period in terms of value. The demand for turf protection products is primarily driven by the adoption of integrated pest management in the turf industry, as well as their increased usage in sports fields and residential & commercial properties.

• Published: April 2023

Remote Power Panel Companies - Schneider Electric (France), ABB (Switzerland) and Toshiba International Corporation (Japan) are the leading players

The global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period. Factors such as increased investments in colocation and hyperscale data centers which is driving the need for power distribution components for proper functioning and monitoring.

• Published: April 2023

Micromotor Companies - MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) are the Leading Players

The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The demand for micromotors is driven by factors such as miniaturization, efficiency, precision and accuracy, cost-effectiveness, and innovation, as they are ideal for small, lightweight, battery-powered devices that require high levels of control and can provide high torque and power density in a small package.

• Published: April 2023

Merck KGaA (Germany) and Danaher Corporation (US) are Leading Players in the Sterile Filtration Market

The global sterile filtration market is projected to reach USD 15.3 billion by 2028 from USD 8.9 billion in 2023, at a CAGR of 11.4% during the forecast period of 2023 to 2028. The growth of this market is majorly driven by the advantages of sterile filters over non-sterile filters. Unlike non-sterile filters, sterile filters are more reliable for the removal of all microorganisms and particles from liquids or gases. In addition, sterile filters minimize the risk of contamination with complete ready-to-use units. Such factors are driving the market growth.

• Published: April 2023

AIoT Platforms Industry - Key Emerging Trends and Innovations

According to MarketsandMarkets, the AIoT platforms market is expected to increase at a compound annual growth rate (CAGR) of 37.7% between 2023 and 2028, from USD 5.0 billion in 2023 to USD 24.9 billion in 2028. The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms industry.

• Published: April 2023

AIoT platforms Market Size & Share - Future Growth Expectations

The size of the global market for AIoT platforms is expected to increase at a compound annual growth rate (CAGR) of 37.7% over the course of the forecast period, from USD 5.0 billion in 2023 to USD 24.9 billion by 2028, according to MarketsandMarkets. The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms.

• Published: April 2023

SASE Market Share Soars: A Look at Key Players & Solutions Shaping Secure Access

With a Compound Annual Growth Rate (CAGR) of 25.0% over the course of the forecast period, the size of the global SASE market is expected to increase from USD 1.9 billion in 2023 to USD 5.9 billion by 2028. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centres are further adding to the data security risks. Also,finding  affordable replacements for expensive technologies like MPLS and IPsec will drive the market.

• Published: April 2023

SASE Market Booms at 25.0% CAGR, Trends Shaping Secure Access

Over the course of the projection period, the global SASE market is expected to increase at a Compound Annual Growth Rate (CAGR) of 25.0%, from USD 1.9 billion in 2023 to USD 5.9 billion by 2028. The growing preference for remote working practices, increase in traffic across public clouds, and the rising dependence on data centres are further adding to the data security risks. Also,finding  affordable replacements for expensive technologies like MPLS and IPsec will drive the market.

• Published: April 2023

Top Companies in Healthcare Cybersecurity Industry - IBM (US) Cylera (US), Gigamon (US), AT&T (US)

The global healthcare cybersecurity market size is projected to grow from USD 18.2 billion in 2023 to USD 35.3 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period.

The primary reasons driving the market expansion are growing cyberattacks and concerns related to security and privacy, rising acceptance of IoT and connected devices, and increasing adoption of cloud-based solutions in the healthcare sector.

Top Companies in Healthcare Cybersecurity Industry include:

• IBM (US)
• Cylera (US),
• Gigamon (US),
• AT&T (US).

• Published: April 2023

Top AIoT Platforms Companies - IBM (US), Sharp Global (Japan), Google (US) | MarketsandMarkets

MarketsandMarkets forecasts the global AIoT platforms market size to grow from USD 5.0 billion in 2023 to USD 24.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 37.7% during the forecast period. The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms market.

• Published: April 2023

5G Device Testing Companies - Anritsu (Japan) and Keysight Technologies (US) are the Leading Manufacturers

The global 5G device testing market size is expected to grow from USD 1.2 billion in 2023 to USD 1.7 billion by 2028, at a CAGR of 7.0%. The major driving factors for the market are increasing adoption of smart and mobile devices whose functioning is effective with 5G connectivity.   

• Published: April 2023

Raman Spectroscopy Companies - Thermo Fisher Scientific Inc. (US), Agilent Technologies Inc. (US), are the Key Players

The Raman Spectroscopy Market is estimated to be worth USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028, at a CAGR of 7.0% during the forecast period.

• Published: April 2023

Organic Coagulant Companies - Kemira Oyj (Finland) and Veolia (France) are Leading Players in the Organic Coagulant Market

The organic coagulants market is projected to reach USD 2.9 billion by 2027, at a CAGR of 8.1% from USD 2.0 billion in 2022. The growth of the global organic coagulants market can be attributed to the increasing demand for water treatment chemicals from various end-use industries such as paper making, sewage systems, municipal water treatment, and industrial water treatment.

• Published: April 2023

Military Electro-Optical Systems Companies - Northrop Grumman(US) and Lockheed Martin Corporation (US) are the Key Players

The military electro-optics & infrared (EO/IR) System market is estimated to be USD 7.8 billion in 2023 and is projected to reach USD 9.5 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. The market growth can be attributed to an increasing investments in cargo drones, reducing prices of cargo drone components and demand for more effective and faster cargo shipment.

• Published: April 2023

Electric Vehicle Adhesives Companies - Henkel AG & Co. KGaA (Germany) and H.B. Fuller (US) are Leading Players in the Electric Vehicle Adhesives Market

The global Electric Vehicle Adhesives Market size is estimated to be USD 1.4 billion in 2022 and is projected to reach USD 7.6 billion by 2027, at a CAGR of 39.4% between 2022 and 2027. The increasing trade war tensions between the US and China and low labor costs in China have forced many end-users of adhesives to relocate in to set up their manufacturing facilities in the Asian countries. This relocation is expected to boost the demand for adhesives in the Asian countries. India provides low-cost labor, which can offer considerable investment opportunities for companies. China a major adhesives market, and is home to all of the major producers of EV adhesives. The driving factors of the EV market are decreasing ICE vehicle sales and the country's stringent emissions controls. The country's leading electric battery manufacturers, such as CATL and Build Your Dreams (BYD), plan to build new battery factories in the country. The government has implemented a variety of subsidies and incentives in India, to promote the use of EVs. For example, the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Scheme - Phase I & II program, the second phase (FAME II) is a three-year subsidy program. It intends to help electrify public and shared transportation through purchasing 7,000 electric and hybrid buses, 500,000 lakh electric three-wheelers, 55,000 electric four-wheeler passenger cars, and 1 million electric two-wheelers. The program is also paying for charging infrastructure in India. A total of 532 charging stations have been installed until July 2022. All of these factors are expected to drive the APAC market.

• Published: April 2023

Septic Tanks Companies - Market Leaders in Septic Tanks Market

The Septic tanks market is expected to grow at a CAGR of 3.5% during the forecast period, from an estimated USD 4.6 Billion in 2022 to USD 5.5 Billion in 2027. This growth is attributed to Increasing commercial and residential construction, as well as the expanding use of septic systems in rural regions, which can have both beneficial and bad consequences. On the one hand, it has the potential to spur economic growth and enhance access to sanitation amenities in places where centralized sewer systems do not exist. The growing residential development in developing countries, such as China, India, and Brazil, is driving the demand for septic tanks, as these countries require a large number of wastewater treatment systems and septic tanks. Growth in the adoption of septic systems in rural areas. With rising population and urbanization, It is often less costly for people when they treat wastewater closer to where they are collecting it. A blog by Asian Development speaks about how women are key in rural areas when it comes to sanitation.

• Published: April 2023

Lignosulfonates Companies - Borregaard (Norway) and Rayonier Advanced Materials (US) are Leading players in the Lignosulfonates Market

The lignosulfonates market is projected to grow from USD 1.2 billion in 2022 to USD 1.4 billion by 2027, at a CAGR of 3.6% from 2022 to 2027. The growth of the market is driven by the rising demand for lignosulfonate in various applications such as concrete additives, animal feed binders, oil well additives and, among others.

• Published: April 2023

Foremost Companies in the Transplant Diagnostics Market: bioMérieux SA (France) and Thermo Fisher Scientific (US)

The transplant diagnostic market is projected to reach USD 6.8 billion in 2028 from USD 4.4 billion in 2022 with a CAGR of 7.4% during the forecast period. The high prevalence of infectious diseases, rising government funding and initiatives for transplant diagnostic programs, technological developments for different organ transplant and initiatives by an individual to donate organs is attributing to the growth of the transplant diagnostic market.

• Published: April 2023

Top Companies in Food Emulsifiers Industry: ADM, Cargill, Incorporated, International Flavors & Fragrances (IFF), and Kerry Group plc

The global food emulsifiers market is estimated to be valued at USD 3.6 billion in 2023. It is projected to reach USD 4.6 billion by 2028, recording a CAGR of 4.9% during the forecast period. This growth is primarily due to the increasing demand for processed and convenience food products across the globe. Thus, players in the industry are undertaking multiple strategic initiatives such as agreements, innovative new product launches, partnerships, acquisitions, and expansions to tap the growing market potential around the world, particularly in high-growth markets such as Asia.

• Published: April 2023

Mining Software Industry Trends - Shaping the Future of Digital Mining

According to MarketsandMarkets, the mining software market is expected to increase at a compound annual growth rate (CAGR) of 8.1% from USD 10.1 billion in 2023 to USD 14.9 billion by 2028. The increasing demand for minerals and metals, growing investments in mining activities, and the need to improve operational efficiency and productivity are driving the growth of the mining software market.

• Published: April 2023

Mining Software Market Size and Share - Comprehensive Analysis and Insights

The Mining Software Market size will reach a size of USD 14.9 billion by 2028, up from USD 10.1 billion in 2023, with a compound annual growth rate (CAGR) of 8.1%. The increasing demand for minerals and metals, growing investments in mining activities, and the need to improve operational efficiency and productivity are driving the growth of the mining software.

• Published: April 2023

Top Mining Software Companies - ABB(Switzerland) and Hitachi (Japan) | MarketsandMarkets

MarketsandMarkets forecasts the mining software market size is projected to grow from USD  10.1  billion in 2023 to USD  14.9  billion by 2028, at a CAGR of 8.1% during the forecast period. The increasing demand for minerals and metals, growing investments in mining activities, and the need to improve operational efficiency and productivity are driving the growth of the mining software market.

• Published: April 2023

Bio-Rad Laboratories, Inc. (US) and Thermo Fisher Scientific Inc. (US) are Leading Players in the Electrophoresis Market

The global electrophoresis market is expected to reach USD 4.1 billion by 2028 from USD 3.1 billion in 2023, at a CAGR of 5.7% during the forecast period.

• Published: April 2023

NVH Testing Companies - National Instruments Corporation (US) and Siemens Digital Industries Software (US) are the Key Players

The NVH testing market is estimated to be worth USD 2.2 billion in 2023 and is projected to reach USD 3.0 billion by 2028, at a CAGR of 6.3% during the forecast period. The constantly growing vehicle production is a major factor driving the growth of NVH testing market globally. Moreover, stringent government regulations to reduce noise pollution is also key factor contributing to the market growth.

• Published: April 2023

Top Companies in Low-Speed Vehicle Industry - Textron Inc. (US), Deere & Company (US), Yamaha Motor Co., Ltd. (Japan) and Kubota Corporation (Japan)

The low-speed vehicle market is projected to expand from USD 11.09 billion in 2024 to USD 16.28 billion by 2030, at a CAGR of 6.6%. This growth is driven by the increasing demand for safe and comfortable mobility solutions among older people, rising interest in golf, and the availability of well-developed charging infrastructure. Additionally, governments worldwide promote eco-friendly transport options through incentives and regulations, further boosting adoption.

• Published: April 2023

Foremost Companies in the Healthcare Interoperability Solutions Market: Oracle Health (US) and Epic Systems Corporation (US)

The global healthcare interoperability solutions market is projected to reach USD 6.2 billion by 2027 from USD 3.4 billion in 2022, at a CAGR of 12.9% during the forecast period. Growth in this market is driven by the escalating need to curtail healthcare costs, government funding for healthcare interoperability, and increasing deman for value-based healthcare. However, patient data security and privacy concerns are some factors challenging the growth of the healthcare interoperability solutions market to a certain extent during the forecast period.

• Published: April 2023

Top Companies in Carbon Offset/Carbon Credit Industry - South Pole Group (Switzerland), 3Degrees (US) and EKI Energy Services Ltd. (India) are Key Players

The global carbon offset/carbon credit market is estimated to grow from USD 414.8 billion in 2023 to USD 1,602.7 billion by 2028, at a CAGR of 31.0% during the forecast period. Factors such as rising awareness for reducing carbon emissions and the urge of companies to reach their net zero targets is expected to fuel the market for carbon offsets.

• Published: April 2023

Marine Actuators and Valves Companies - Moog Inc. (US), Honeywell International Inc. (US) are the Key Players

The actuator is a mechanical device that is externally controlled by a source of energy and turns that energy into a linear or rotary control motion in order to move or stop an object in one position. A valve is a device that controls the flow of fluids (liquids, gases, and slurries) in a pipe or other enclosure. Regulation of flow is accomplished using a moveable piece that opens, closes, or partially obstructs a route opening. Several valves are utilized in the ship's piping and equipment systems depending on the flow pattern of the liquid. The Marine Actuators and Valves Market size is projected to grow from USD 2.8 Billion in 2022 to USD 3.6 Billion by 2027, at a CAGR of 5.3 %. The rise in global sea-borne trade and increasing requirement for high-performance motion control devices will drive the market for marine actuators and valves.

• Published: April 2023

Electric Ship Companies - ABB (Switzerland) and Wartsila (Finland) are the Key Players

The electric ship market is expected to reach USD 18.39 billion by 2032, from USD 4.85 billion in 2025, with a CAGR of 21.0%. The market is driven by stringent emission regulations, high fuel costs, and the shift toward sustainable maritime operations. It encompasses the design, development, and integration of fully electric and hybrid propulsion systems, batteries, fuel cells, and related charging infrastructure. These technologies enable vessel operators to reduce emissions and operating costs without compromising reliability. Growth is further supported by government initiatives, port electrification programs, and demand across passenger, cargo, offshore, and defense segments.

• Published: March 2023