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Market Leader - Mist Eliminators Market
The global mist eliminators market size is projected to grow from USD 953 million in 2020 to USD 1,159 million by 2025, at a CAGR of 4.0% during the forecast year. The global mist eliminators market has been witnessing consistent growth due to the increasing concern for environmental pollution, growing prevalence of airborne diseases, growth of the manufacturing sector, and enforcement of environmental laws and regulations. The rise in the demand for mist eliminators from the oil & gas, power generation, chemical, and desalination industries is expected to drive the mist eliminators market globally. The demand for mist eliminators is witnessing steady growth in these industries. Stringent environmental regulations focused on controlling toxic emissions from coal-fired power plants, oil & gas, and chemical industries are further expected to drive the growth of the market during the forecast period.
- Published: October 2020
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Waterproofing Membranes Companies - Market Leader in Waterproofing Membranes Market
The global waterproofing membranes market size is estimated at USD 33.5 billion in 2020 and is projected to reach USD 38.8 billion by 2025, at a CAGR of 5.4%. The demand for waterproofing membranes is increasing, owing to the growing demand for cost-effective and efficient waterproofing membranes. The emergence of environment-friendly waterproofing membranes and green buildings is also driving the market.
- Published: October 2020
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Market Leader - PTFE Membranes Market
The global PTFE membranes market size is estimated at USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2025, at a CAGR of 6.0. The demand for PTFE membranes is increasing, owing to the growing growing oil & gas and chemical industries and stringent regulations pertaining to emission and treatment of municipal and industrial wastes.
- Published: September 2020
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Market Leaders - Power Plant Boiler Market
The global power plant boiler market size is projected to reach USD 22.8 billion by 2025 from an estimated value of USD 18.1 billion in 2020, at a CAGR of 4.8%. Increasing demand for electricity and growing focus on clean fossil fuels such as natural gas, which helps reduce greenhouse gas emissions, are the key factors driving the power plant boiler market.
- Published: September 2020
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CommScope (US) and Corning (US) are Leading Players in the In-building Wireless Market
The global in-building wireless market size is projected to grow from USD 20.0 billion in 2024 to USD 35.5 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period. The increasing demand for indoor network coverage and rapid technological advancements are expected to shape the future of the in-building wireless market.
- Published: September 2020
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Foremost Companies in the Contact Lenses Market: Alcon (US) and Johnson & Johnson (US) are leading players in Contact Lenses Market
The global contact lenses market size is projected to reach USD 10.2 billion by 2025 from USD 7.4 billion in 2020, at a CAGR of 6.7%. Market growth is largely driven by the growing prevalence of myopia, increasing preference for contact lenses over prescription eyeglasses, and the growing geriatric population worldwide. The untapped emerging markets are expected to provide growth opportunities for players in the contact lenses market.
- Published: September 2020
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Signal Conditioning Modules Companies - Rockwell Automation, Inc. (US) and PHOENIX CONTACT GmbH & Co. KG (Germany) are the Key Players
The global signal conditioning modules market size is expected to grow from USD 1.0 billion in 2020 to USD 1.2 billion by 2025 at a CAGR of 3.4%. The growth of this market is attributed to factors such as growing investments in infrastructure development, surging requirement for industrial automation processes, and rising need to comply with government policies and regulations.
- Published: September 2020
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Market Leader - Automotive Smart Display Market
The automotive smart display market is projected to grow from USD 7.2 billion in 2020 to USD 10.9 billion by 2025, at a CAGR of 8.8% during the forecast period. Increasing focus on in-vehicle experiences and growing demand for connected vehicles would drive the adoption of automotive smart displays during the forecast period.
- Published: September 2020
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Market Leader - Polyaspartic Coatings Market
The polyaspartic coatings market is estimated at USD 329 million in 2020 and is projected to reach USD 388 million by 2025, at a CAGR of 3.4% between 2020 and 2025. The major driving factors for the market are the increased productivity and cost efficiency along with better properties compared to epoxy- and polyurethane-based coating technology act as a major driver for the market. Polyaspartic coatings are widely used for corrosion resistance and construction applications.
- Published: September 2020
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Oracle (US) and SAP (Germany) are Leading Players in the Higher Education Market
The global higher education market size is expected to grow from USD 13.7 billion in 2020 to USD 35.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. A growing number of higher education enrollments is a major driver for the growth of the market during the forecast period.
- Published: September 2020
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Market Leader - Calcium Formate Market
The global calcium formate market size is estimated to grow from USD 545 million in 2020 to USD 713 million by 2025, at a CAGR of 5.5% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application areas of calcium formate ranging from leather and textile to the construction industry. Increasing demand from APAC will further drive the growth of the global calcium formate market.
- Published: September 2020
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IBM (US) and Oracle (US) are Leading Players in the Business Intelligence Market
The global Business Intelligence market size to grow from USD 23.1 billion in 2020 to USD 33.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Various factors such as the growing focus on digital transformation, rising investments in analytics, rising demand for dashboards for data visualization, increase in adoption of cloud, and increase in data generation are expected to drive the growth of the business intelligence market.
- Published: September 2020
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Exyte AG (Germany), Kimberly-Clark Corporation (US), Illinois Tool Works Inc. (US), Azbil Corporation (Japan), and Bouygues Group (France), are the leading players in the Cleanroom Technologies Market
The cleanroom technologies market is projected to reach USD 7.3 billion by 2025 from USD 5.1 billion in 2020, at a CAGR of 7.2% during the forecast period. The stringent regulatory framework, growth of the biologics sector, rising demand for sterilized pharmaceutical formulations, increasing demand for medical devices, and technological advancements in cleanroom technology are the primary growth factors for this market. Also, the increasing demand in developing economies and the growing focus on energy-efficient cleanrooms are expected to offer significant opportunities for market growth in the coming years. However, the high operational cost associated with the cleanrooms is expected to restrain market growth to a certain extent.
- Published: September 2020
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Market Leader - Breathable Films Market
The breathable films market is estimated to be USD 2.6 billion in 2020 and is projected to reach USD 3.9 billion by 2025, at a CAGR of 8.2% between 2020 to 2025. Rising awareness of health and hygiene and increasing the purchasing power of consumers are the major drivers of the global breathable films market during the forecast period.
- Published: September 2020
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Market Leader - US Therapeutic Plasma Exchange Market
The US therapeutic plasma exchange market is projected to reach USD 243 million by 2025 from USD 178 million in 2020, at a CAGR of 6.3% during the forecast period. Growth in this market is driven by the rising prevalence of chronic diseases and technological advancements. However, factors such as the high cost of apheresis devices and therapeutic plasma exchange procedures and installation of apheresis devices through a rental model are expected to restrain the growth of this market to a certain extent during the forecast period.
- Published: September 2020
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Market Leaders - Automatic Identification and Data Capture Market
The overall AIDC market is expected to grow from USD 40.1 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 14.9% during 2020–2025. Key factors fueling the growth of this market include growing e-commerce industry globally; increasing use of smartphones for QR code scanning and image recognition; rising adoption of AIDC solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments; and surging adoption of AIDC solutions by banking and financial institutions to ensure customer safety and security, along with data privacy. An increasing number of patients and deaths due to COVID-19 will force all the countries to increase their healthcare expenditure, which is expected to have a positive impact on the growth of the market for AIDC products.
- Published: September 2020
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Market Leader - Marble Market
The marble market is estimated at USD 13 billion in 2020 and is projected to reach USD 16 billion by 2025, at a CAGR of 3.6% from 2020 to 2025. The building & construction segment is estimated to lead the marble market in 2020, owing to increasing demand for variety of marble for their physical properties in the construction industry. High demand for residential and commercial infrastructure from the developing economies is driving the growth of building & construction segment. In addition, growth of the construction industry has led leading to high demand for building materials such as marble is anticipated to fuel the growth of marble market.
- Published: September 2020
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Passenger Boarding Bridge Companies - ThyssenKrupp AG (Germany), John Bean Technologies Corp. (JBT) (US) are the Key Players
The global passenger boarding bridges market size is projected to grow from USD 273 million in 2020 to USD 489 million by 2025, at a CAGR of 12.3% from 2020 to 2025. The market is driven by various factors, such as the high demand for large aircraft, increasing number of greenfield and brownfield airport projects, and increased spending on airside infrastructure by airport operators are driving factors assisting the growth of the passenger boarding bridges market.
- Published: September 2020
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Oracle (US) and Intel (US) are Leading Players in the Digital Logistics Market
MarketsandMarkets forecasts the global digital logistics market size to grow from USD 17.4 billion in 2020 to USD 46.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. Digitalization offers significant operational and customer engagement enhancement benefits to logistics service providers. Digital logistics solutions are being implemented by all stakeholders in the industry, including manufacturers, distributors, warehouse owners, and transportation service providers. Digital logistics solution providers are developing applications to enable large amounts of information to be stored, exchanged, analyzed, communicated, and visualized.
- Published: September 2020
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Market Leader - Vibration Sensors Market
The vibration sensors market was valued at USD 2.0 billion in 2020 and is projected to reach USD 3.0 billion by 2025; it is expected to grow at a CAGR of 8.2% from 2020 to 2025. A few key factors driving the growth of this market are growing adoption of automated condition monitoring technologies for the development of smart factories, rising use of wireless systems for machine condition monitoring, ongoing transition from preventive to predictive maintenance, and increasing demand for vibration sensors from emerging applications.
- Published: September 2020
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Market Leader - Specialty Fats & Oils Market
The global specialty fats & oils market size is estimated to be USD 12.6 billion in 2020 and is projected to reach USD 19.8 billion by 2026, at a CAGR of 7.8% during the forecast period. The market is primarily driven by factors such as the increasing gap between cocoa butter demand & supply, increase in the consumption of confectionery and processed foods products and rise in demand for clean label food products.
- Published: September 2020
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Microsoft (US), AWS (US) are Leading Players in the Hadoop Big Data Analytics Market
The global Hadoop big data analytics market size to grow from USD 12.8 billion in 2020 to USD 23.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. Various factors such as the growing focus on digital transformation, rise in investments in analytics, increasing focus on remote monitoring in support of the COVID-19 pandemic, growing adoption of smart payment technologies, and business need to build a digital infrastructure for large-scale deployments are expected to drive the adoption of Hadoop big data analytics market.
- Published: September 2020
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Market Leader - Renewable Drones Market
The renewable drones market is expected to grow from an estimated USD 45 million in 2020 to USD 148 billion by 2025, at a CAGR of 27.1% during the forecast period. With the increasing adoption of drones for reducing inspection cost, rising focus on asset optimization, and growing construction of solar and wind farms will offer growth prospects for renewable drones market during the forecast period.
- Published: September 2020
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IBM and Google are leading players in Image Recognition in CPG Market
MarketsandMarkets forecasts the image recognition in CPG market size to grow from USD 1.4 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.7 % from 2020 to 2025. Increased in the need for efficient and profitable retail execution processes with adherence to compliance standards and technological advancements to boost the adoption of image recognition in CPG market across the globe during the forecast period.
- Published: September 2020
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Market Leader - Antimicrobial Powder Coatings Market
The global antimicrobial powder coatings market size is projected to grow from USD 1.5 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 12.0% during the forecast period. The growing demand for antimicrobial powder coatings especially from end-use industries such as medical & healthcare due to the COVID-19 pandemic is driving the market. In the medical & healthcare industry, the growing concern about HAIs and its related impact on humans are the key driving factors for the antimicrobial powder coatings market.
- Published: September 2020
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Foremost Companies in the Animal Treatment Market: Zoetis (US) and Merck (US)
Companies and animal healthcare organizations associated with the animal treatment market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Abaxis, Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation, Heska Corporation (US) and others.
- Published: September 2020
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Embedded Display Companies - Avnet, Inc. and Emerging Display Technologies (EDT), are the Key Players
The global Embedded Display Market is projected to grow from USD 17.7 billion in 2020 to USD 24.4 billion by 2025; it is expected to grow at a CAGR of 6.9% from 2020 to 2025. The key factors fueling the growth of this market include the advancements in embedded display interface technologies, accelerated adoption of automation in different industries owing to COVID-19, and increased demand for interactive displays and digital signage.
- Published: September 2020
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Foremost Companies in the Veterinary Care Market: Zoetis and Merck
Companies and animal healthcare organizations associated with the veterinary care market include Zoetis (US), Merck (US), Boehringer Ingelheim (Germany), Elanco (US), Ceva (France), Phibro Animal Health Corporation (US), Abaxis, Virbac SA (France), IDEXX Laboratories, Inc., Neogen Corporation, Heska Corporation (US) and others.
- Published: September 2020
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Increase in Demand for Organic Food and Beverages in the Developing Countries Leading to the Increased Demand for Organic Yeast Market
The global organic yeast market size is estimated to grow from USD 364 million in 2020 and is projected to reach USD 599 million by 2025, at a CAGR of 10.5%. Organic foods are gaining popularity as people are becoming aware of their benefits. Organic food products are either grown under a natural system of agriculture, without the use of synthetic fertilizers or they are processed products made from organically produced raw materials. The increased focus in health and demand for transparency is in turn putting pressure on manufacturers to deliver products that has clean level as a basic requirement in even the most challenging food product. Consumer’s favor for this simplicity are compelling food producers to look for more natural and organic food ingredients to supply 100% organic products to their customers. This trend in the food pattern is expected to increase the use of organic yeast globally as it helps is enhancing flavor, color, improve texture and also add extra protein, vitamins, minerals and antioxidants to meals.
- Published: September 2020
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Foremost Companies in the Cosmetic Dentistry Market: Henry Schein (US) and Dentsply Sirona (US)
The global cosmetic dentistry market is expected to grow from USD 21.9 billion in 2020 to USD 30.1 billion in 2025, at a CAGR of 6.6% during the forecast period. The cosmetic dentistry market is estimated to witness significant growth during the forecast period due to the growing consumer awareness and rising focus on aesthetics, increasing prevalence of oral health disorders, and rising dental tourism in emerging markets. However, the high cost of dental imaging systems, lack of reimbursement for cosmetic procedures, and high risks and complications associated with dental bridges and orthodontic treatments are expected to restrain the growth of this market during the forecast period.
- Published: September 2020
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Market Leader - Urinary Catheters Market
The global urinary catheters market size is projected to reach USD 2.6 billion by 2025 from USD 2.0 billion in 2020, at a CAGR of 5.5% during the forecast period. Market growth is driven mainly by factors such as the growing prevalence of urinary incontinence, an increasing number of surgical procedures across the globe, high incidence of prostate cancer, and the favorable reimbursement scenario. The emerging Asian countries are also expected to offer substantial growth opportunities for players in the market.
- Published: September 2020
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Market Leader - Commercial Water Heaters Market
The global commercial water heaters market size is projected to reach USD 7.7 billion by 2026 from an estimated value of USD 5.4 billion in 2020, at a CAGR of 6.1%. Factors driving the growth of the commercial water heaters market include increasing investments for the development and expansion of commercial sector operations across different regions. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period.
- Published: August 2020
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BASF SE (Germany) and Dow Inc., (US) are Leading Players in the Polyurethane Additives Market
The polyurethane additives market size is projected to reach USD 4.5 billion by 2025 at a CAGR of 4.2% from 2020. The demand for polyurethane additives market is increasing, owing to the growing demand for innovative and cost-effective additives.
- Published: August 2020
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Market Leader - Industrial Centrifuge Market
The global industrial centrifuge market is projected to reach USD 9.0 billion by 2025 from USD 7.2 billion in 2020, at a CAGR of 4.4% between 2020 and 2025. The increasing demand for centrifuges in process industries and the rising need for wastewater management solutions are the major factors driving the growth of this market. However, the high cost of centrifuges is expected to restrain the market growth during the forecast period.
- Published: August 2020
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Market Leadership - Rapid Liquid Printing Market
The global rapid liquid printing market size is expected to grow from USD 48 million in 2023 to USD 284 million by 2027; it is expected to grow at a CAGR of 55.6% from 2023 to 2027. The key factors driving the growth of the market include fastest among all 3D printing technologies, ability to print using industrial-grade material, ease of development of customized products.
- Published: August 2020
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Gerresheimer AG (Germany) and Nipro Corporation (Japan) are Leading Players in the Dual Chamber Prefilled Syringes Market
The global dual chamber prefilled syringes market size is projected to grow from USD 125 million in 2020 to USD 182 million by 2025, at a CAGR of 6.8% during the forecast year. The growing demand for drug delivery systems, with the growing pharmaceutical industry in the emerging economies and the increasing number of lyophilized drugs, are the key factors for the growing demand for dual chamber prefilled syringes.
- Published: August 2020
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Intelligent Flow Meter Companies - Emerson Electric (US) and Endress+Houser (Switzerland) are the Leading Manufacturers
Intelligent flow meters are designed to ensure the accuracy and convenience of flow measurement, easy deployment, increased flexibility, and embedded intelligence for cooperatively delivering value-added services.The intelligent flow meter market is likely to witness significant growth in the coming future; a key driving factor is benefits of accuracy, stability, and reliability provided by intelligent flow meters. The global intelligent flow meter market size is projected to grow from USD 2.5 billion in 2020 to USD 3.1 billion by 2025 at CAGR of 4.4% during the forecast period.
- Published: August 2020
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SCHOTT (Germany and AMETEK, Inc. (US) are Leading Players in the Hermetic Packaging Market
The global hermetic packaging market size is expected to grow from USD 3.5 billion in 2020 to USD 4.3 billion by 2025 at a CAGR of 4.3%. The growth of this market is attributed to the increasing use of hermetic packaging for protecting highly sensitive electronic components and increasing demand from industries such as aerospace and automotive electronics.
- Published: August 2020
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Market Leader: Growing Trends for Adopting Ethyl Alcohol as Fuel and Isopropyl Alcohol for Sanitizers and Disinfectants Contribute to Drive the Demand for the Industrial Alcohol
The global industrial alcohol market was valued at USD 93.4 billion in 2020 and is projected to reach USD 112 billion by 2025, recording a CAGR of 3.7% during the forecast period. Growing consumer demand for petrochemicals and commercialization of alternative fuels in emerging economies such as India, China, and Brazil have fueled the market growth of industrial alcohol.
- Published: August 2020
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Valve Driver Companies - Danfoss (Europe) and Parker Hannifin (US) are the Key Players
The global valve driver market size is expected to grow from USD 421 million in 2020 to USD 519 million by 2025, at a CAGR of 4.3%. Increase in government regulations and policies for saving energy and increase in focus on enhancing efficiency and power consumption are the key factors driving the growth of the valve driver market.
- Published: August 2020
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Oracle (US) and SAP (Germany) are leading players in Lease Management Market
The Lease management market size is expected to grow from USD 4.4 billion in 2020 to USD 5.9 billion by 2025, at a CAGR of 5.9% during the forecast period. The demand for lease management is driven by the Increasing demand for SaaS model for effective management of lease, Increasing demand for smart building projects to efficiently manage lease, and Emerging technologies, such as IoT, AI, and mobility, for real-time data analysis.
- Published: August 2020
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Market Leadership - Magnetic Sensor Market
The magnetic sensor market is projected to grow from USD 4.3 billion in 2020 to USD 6.2 billion by 2025, at a CAGR of 7.7 % from 2020 to 2025. Major factors driving the growth of the magnetic sensor market include intensifying focus of manufacturers towards producing 3D magnetic sensors and increasing investments in magnetic sensor ecosystem.
- Published: August 2020
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Clean Room Robot Companies - Techman Robot (Taiwan) and Rethink Robotics (US) are the key Players
The global clean room robot market (including prices of peripherals, software, and system engineering) size is projected to grow from USD 4.8 billion in 2020 to USD 8.5 billion by 2025; it is expected to grow at a CAGR of 12.0% during the forecast period. One of the major drivers contributing to the market size is companies endeavoring to replace humans in clean room environments by clean room robots as contamination caused by humans is unpredictable. A worker is capable of shedding 600,000 particles of skin per hour, which can also contain several micro-organisms, which is strictly unacceptable in industries such as pharmaceuticals and food & beverages. Companies also aim to reduce personnel on the floor so as not to be blindsided by situations like COVID-19 in the future which cause a shortage of labor.
- Published: August 2020
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Instrumentation Valves and Fittings Companies - Parker Hannifin (US) and CIRCOR International (US) are the Key Players
The global instrumentation valves and fittings market market size was valued at USD 2.4 billion in 2020 and is projected to reach USD 3.7 billion by 2025. It is expected to grow at a CAGR of 9.4% during the forecast period. Surging demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic,growing requirement for reducing excessive noise, pressure, vibration, and cavitation in critical industrial processes, increasing industrialization and urbanization, along with growing number of smart city initiatives, and rising need for connected networks to maintain and monitor varieties of equipment in plants are the key driving factors for the commercial touch display market.
- Published: August 2020
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Foremost Companies in the Clinical Workflow Solutions Market: Hill-Rom Holdings, Inc. (US) and Ascom Holding AG (Switzerland)
The global clinical workflow solutions market is projected to reach USD 18.1 billion by 2025 from USD 9.1 billion in 2020, at a CAGR of 14.8% during the forecast period. Growth in this market is driven by the implementation of government initiatives supporting the adoption of HCIT solutions, advantages of clinical workflow solutions in enhancing patient care and safety, increasing patient volume due to the COVID-19 pandemic, growing adoption of EHRs and other HCIT solutions, and the rising need to curtail healthcare costs. However, factors such as the requirement of high investments in IT infrastructure and interoperability issues are expected to restrain the growth of this market to a certain extent during the forecast period.
- Published: August 2020
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TIGG LLC (US) and Puragen Activated Carbons (US) are leading players in Activated Carbon Filters Market
The global activated carbon filters market size is estimated at USD 267 Million in 2020 and is projected to reach USD 330 Million by 2025, at a CAGR of 4.4%, between 2020 and 2025. Activated carbon filters are used to remove organic compounds, and free chlorine from water to make it suitable for drinking and reuse in manufacturing processes or to discharge in water bodies. They are used to remove organic elements, such as humic acid and fulvic acid from potable water to prevent the formation of trihalomethanes, a class of carcinogens. They are also used for air/gas filtration in various industries. The filter media, which is used in the filtration process is activated carbon, also known as activated charcoal. Activated carbon is a form of carbon that removes organic compounds from liquids and gases by a process known as “adsorption”. It is extremely porous and thus has a very large surface area available for adsorption.
- Published: August 2020
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Market Leaders - Shrink Plastic Film Market
The global shrink plastic film market for beverage multipacks size is estimated to be valued at USD 2.5 billion in 2020 and projected to reach USD 3.0 billion by 2025, recording a CAGR of 3.5% during the forecast period. The demand for shrink plastic film for beverage multipacks is increasing significantly, as they have various advantages and are cost-effective for the beverage segment.
- Published: August 2020
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Syntegon Technologies (Germany) and Dara Pharmaceutical Packaging (Spain) are leading players in Dual Chamber Syringe (DCS) Filling Machine Market
The installed base of global dual chamber syringe (DCS) filling machine market size is projected to grow from USD 258 million in 2020 to USD 381 million by 2025, at a CAGR of 8.2% during the forecast year. The growth of this market is attributed to the technological advancements in filling machines, growth in lyophilized drugs, and the growing pharmaceutical industry.
- Published: August 2020
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VMware and Microsoft are Leading Players in the Cloud System Management Market
The global cloud system management market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period, to reach USD 31.4 billion by 2025 from USD 10.6 billion in 2020. Increased productivity, reduced time and costs, and enhanced focus on customer experience are expected to spur the demand for cloud system management offerings across the globe.
- Published: August 2020
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Flexible AC Transmission Systems (FACTS) Companies - ABB (Hitachi) (ABB, Switzerland) and General Electric Company (US) are the Key Players
The FACTS market is projected to reach USD 1.5 billion in 2025 from USD 1.2 billion in 2020; it is expected to grow at a CAGR of 5.4% during the forecast period. Factors such as increasing benefits offered by FACTS and growth in transmission lines are driving the growth of the market during the forecast period.
- Published: August 2020
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