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Ethernet Storage Fabric Companies - Mellanox Technologies (Israel), Cisco Systems (US) are the Key Players
The Ethernet storage fabric (ESF) market is expected to grow from USD 1.2 billion in 2019 to USD 2.3 billion by 2024, at a CAGR of 12.7% during the forecast period. Increasing demand for need for simplified data center management and rapid adoption of Ethernet storage fabric are the key factors driving the growth of the ESF market.
- Published: May 2019
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Robert Bosch (Germany) and Voxx International (US) are the Leading Player in the Vehicle Access Control Market
The vehicle access control market is projected to reach USD 22.6 billion by 2027 from USD 10.8 billion in 2020, at a CAGR of 11.2%. during the forecast period from 2020 to 2027. The growth of the market is influenced by the rising demand for safety & security of vehicles, increasing theft, rising demand of biometric access systems, car manufacturers focusing on consumer preferences, and the need for multi-factor authentication.
- Published: May 2019
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Environmental Hazard Monitoring Software Market Insights, Trends | Industry Report, 2021 | MarketsandMarkets™
The environmental hazard and monitoring software in UK, Germany, and Italy, together, is expected to reach a market size of USD 375 million by 2021 from USD 318 million in 2017 at CAGR of 3.3% during the period 2017 to 2021. The growing need to minimize losses due to natural disasters is one of the major factor driving the adoption of environment hazard and monitoring software. The losses due to natural disasters were in billions where in the UK alone, they amounted to approximately USD 18 billion. Furthermore, countries have introduced and implemented regulations such as the Climate Change Act (2008) in the UK, which has also proved to be a significant factor in the adoption of environmental hazard and monitoring software solutions.
- Published: May 2019
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Market Leaders - Industrial Wastewater Treatment Service Market
The global industrial wastewater treatment service market is expected to grow from an estimated USD 20.8 billion in 2019 to USD 28.0 billion by 2024, at a CAGR of 6.1% during the forecast period. The growth of this market is driven by the growth in international environmental norms and regulations, growth in the application of Zero Liquid Discharge (ZLD) initiatives, and eagerness of organizations to be compliant with the environmental norms.
- Published: May 2019
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New Product Launches, Expansions, Mergers & Acquisitions, and Partnerships to Strengthen their Position in the Antistatic Agents Market.
The antistatic agents market is projected to grow from USD 437 million to USD 594 million by 2024, at a CAGR of 6.3% from 2019 to 2024. The growth of this market can be attributed to the increasing demand for antistatic agents from the packaging, electronics, and textiles industries. Antistatic agents are added to polymers to remove or reduce the static charge that has accumulated over their surfaces either by reducing the generation of electric charge or increasing the rate of charge dissipation, or both. This static charge accumulation results in processing complexities, attraction and deposition of dust particles, explosions, or fire hazards.
- Published: May 2019
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United States Steel Corporation (US) and Nippon Steel & Sumitomo Metal Corporation (Japan) are Leading Players in Weathering Steel Market
The weathering steel market is estimated to be USD 1.0 billion in 2019 and is projected to reach USD 1.6 billion by 2024, growing at a CAGR of 8.8% from 2019 to 2024. Increasing demand from various end-use industries such as building & construction, transportation, and art & architecture, among others, is expected to drive the growth of weathering steel market in the near future. Moreover, properties such as longer shelf life and low maintenance are enhancing the growth of weathering steel market.
- Published: May 2019
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Single Loop Controller Companies - WEST Control Solutions (UK) and Eurotherm (UK) are the Key Players
The single loop controller market was valued at USD 94 million in 2018 and is expected to reach USD 103 million by 2024, at a CAGR of 1.4% from 2019 to 2024. Changing energy trends and increasing demand for alternative energy sources, booming power sector, and rising investments toward power generation projects drive the growth of the market. Product launches & developments and partnerships, contracts, agreements & collaborations were the key strategies adopted by players to increase their share in the single loop controller market from 2016 to 2018.
- Published: May 2019
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Underwater Lighting Companies - Hayward Industries, Inc. (US) and Acuity Brands, Inc. (US) are the Key Players
The underwater lighting market is projected to grow from USD 279 million in 2019 to USD 348 million by 2024, at a CAGR of 4.5% from 2019 to 2024. Rising underwater activities such as amusement sports, night fishing, excavation of underwater artifacts, and defense search & rescue operations are contributing to the demand for underwater lighting across the globe. Underwater lighting has also made its way into commercial and residential architectures. The increasing number of luxurious complexes in residential and commercial spaces has resulted in increased demand for these lights. Moreover, these trends are expected to continue over the next few years, thus, driving the growth of the market across the globe.
- Published: May 2019
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Market Leadership - Conveyor Monitoring Market
The conveyor monitoring market is expected to grow from USD 215 million in 2019 to USD 254 million by 2024; it is estimated to record a CAGR of 3.5%. Conveyor monitoring is typically practiced in mining and power generation plants. Factors driving the growth of the market for conveyor monitoring solutions are rising adoption of predictive maintenance tools and techniques , and increasing focus of companies on reducing revenue loss due to faults in conveyor belts and motors . The main objective behind implementing conveyor monitoring is to avoid any downturn in mining or power generation process by monitoring the conveyor motor and belt health.
- Published: May 2019
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Machine Automation Controller Market Insights, Trends | Global Industry Report, 2024 | MarketsandMarkets™
The machine automation controller market is estimated to be USD 33.7 billion by 2019 and is expected to reach USD 41.5 billion by 2024, at a CAGR of 4.3%. Machine automation controllers comprise a collection of automation control devices including programmable logic controllers (PLC), distributed control system (DCS), and industrial PC. These controllers are highly rugged computing devices designed to withstand the demanding and harsh environment of the industrial ecosystem. The machine automation controllers are mainly used to automate specific processes such as batch processing or flow control. They are also used to control a machine function or an entire production line. Major components of a machine automation controller include a central processing unit (CPU), power supply module, and input/output (I/O) module. Rising focus on reducing overall operational cost, increasing the need to drive productivity in the process industry, and the growing use of robots in the manufacturing sector are the major factors driving the growth of the market.
- Published: May 2019
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Market Leaders - Trailer Assist System Market
The trailer assist system market is projected to reach USD 182 million by 2027 from an estimated USD 82 million in 2019, at a CAGR of 10.5% during the forecast period. Trailer assist system is a driver assistance system which helps the driver to reverse the trailer into parking or tight spots. The automobile industry has witnessed a continuous increase in several technologies for driver assistance owing to the rising demand for safety and comfort features. This factor has led to huge innovations, and R&D efforts from the OEMs and Tier 1 side to bring such technologies and these efforts have led to an increase in the usage of cameras, sensors, artificial intelligence, and human-machine interface (HMI).
- Published: May 2019
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Surface Roughness Measurement Companies - Mahr Metering Systems GmbH (Germany) and Mahr Japan Ltd. (Japan), are the Key Players
The Surface Roughness Measurement (SRM) Market is expected to grow from USD 766 million in 2019 to USD 998 million by 2025, at a CAGR of 4.5% during the forecast period. The increasing demand for quality assurance and automation and growing research and development spending is the key factor driving the growth of the SRM market.
- Published: May 2019
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Product Approvals & Acquisition - Major Growth Strategies Adopted by Key Players in the Leukemia Therapeutics Market
The leukemia therapeutics market is projected to reach USD 17.1 billion by 2024 from USD 12.3 billion in 2019, at a CAGR of 6.8% during the forecast period. Leukemia is a type of cancer originating from white blood cells or the bone marrow, which occurs due to an abnormal increase in the count of white blood cells. It is identified by the spread of the disease (either acute or chronic), and by the type of the blood cell that is affected (lymphocytic or myeloid). The treatment options depend on several factors, including the phase of the disease, possible side effects, and the patient’s overall health. Leukemia therapeutic drugs are used to destroy cancer cells. This type of medication is given through the bloodstream to reach cancer cells throughout the body.
- Published: May 2019
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Zimmer Biomet (US), Stryker Corporation (US), VBM Medizintechnik (Germany), ulrich medical (Germany), and Delfi Medical Innovations (Canada) are the leading players in the Surgical Tourniquets Market
The surgical tourniquets market is projected to reach USD 509 million by 2024 from USD 347 million in 2019, at a CAGR of 8.0% between 2019 and 2024. The growth of the surgical tourniquets market is mainly driven by the increasing incidences of road accidents & falls, rising geriatric population, and the increasing number of joint replacement surgeries. Emerging markets such as China and India are expected to offer potential growth opportunities to market players in the coming years.
- Published: May 2019
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Opportunity Assessment of Waste Management in US Cities Insights, Trends | Industry Report, 2023 | MarketsandMarkets™
The waste management investments in US cities are expected to grow from USD 1.0 billion in 2018 to USD 1.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period (2018–2023). Seattle, a major city in the US, has increased its overall recycling rate for 13 consecutive years (2003–2016). In 2016, Seattle recycled 58.8% of its municipal solid waste with an annual increase of 0.8%. Seattle aims to achieve overall 70% recycling rate by 2022. Key factors driving the waste management assessment in major US cities include a growing focus on the collection of waste materials and transportation to recycling facilities, sorting material type and then selling them to manufacturers to make new products, state governments’ increasing focus on waste recycling and energy generation, and growing adoption of smart waste management systems.
- Published: May 2019
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Market Leadership - Microfluidic Components Market
The global microfluidic components market is projected to reach USD 6.1 billion by 2024 from USD 3.3 billion in 2019, at a CAGR of 12.7%. Growth in this market is driven by rising demand for point-of-care testing, technological advancements, increasing focus on data precision and accuracy, fast return on investments, growing demand for miniature portable devices, and growing demand for consumer electronics and wearable devices.
- Published: May 2019
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IDEXX Laboratories, Inc. (US), Zoetis, Inc. (US), and Heska Corporation (US) are the leading players in the Veterinary Rapid Tests Market
The global veterinary rapid tests market is projected to reach USD 854 million by 2024 from USD 573 million in 2019, at a CAGR of 8.3% during the forecast period. The increasing prevalence of zoonotic diseases among companion and livestock animals and the growing need for the rapid detection of these diseases are the major factors driving the growth of this market. The growing companion animal population and the rising demand for animal-derived food products are the other major factors driving market growth.
- Published: May 2019
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Market Leaders - Low Voltage DC Circuit Breaker Market
The global low voltage DC circuit breaker market is expected to grow from an estimated USD 1.2 billion in 2019 to USD 1.5 billion by 2024, at a CAGR of 5.68 %. The growth of this market is driven by replacement & refurbishment of aging infrastructure for safe and secure electrical distribution systems, battery systems for the sake of power storage, and avoidance of peaks and surges occurring due to the inconsistency in generation from renewables, expansion in transmission & distribution networks, and need of low voltage DC circuit breakers in the transportation segment.
- Published: May 2019
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Tesla (US) and ABB (Switzerland) are the Leading Players in the Electric Vehicle Supply Equipment Market
The electric vehicle supply equipment market is projected to reach USD 27.7 billion by 2027 from an estimated USD 2.5 billion in 2019, at a CAGR of 34.7% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2027. The electric vehicle supply equipment market has witnessed rapid evolution with the ongoing developments in charging infrastructure and technology. Technological advancements in EV charging and enhanced range of distance covered by electric vehicles are some of the major factors driving the growth of the electric vehicle supply equipment market. In addition, the growing sensitivity of various governments toward a cleaner environment has increased the demand for zero-emission vehicles, which is one of the driving factors in electric vehicle supply equipment market. Developed nations such as the US, Germany, and the UK are actively promoting the use of electric vehicles to reduce emissions, which has resulted in the growth of electric vehicle charging infrastructure.
- Published: May 2019
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Microsoft (US) and Oracle (US) are leading players in Europe Cloud CRM Market
Customer Relationship Management (CRM) is a software used to manage and synchronize an organization’s interaction with current and potential future customers, staffs, volunteers, and other members related to one’s organization. Similarly, for higher education, CRM is a software used for managing and improving collaboration among students, faculty members, staffs, alumni, parents, and other stakeholders of a university. It can also be used for student selection and recruitment purposes. It includes various components of the software, such as cloud-based applications, complete solution suite (cloud-based or on-premises), database, and services. The CRM software may be provided on cloud or on-premises, depending on the need of organization or university.
- Published: May 2019
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Gemalto (Netherlands) and Ping Identity (US) are leading players in Security Assertion Markup Language (SAML) Authentication Market
The global Security Assertion Markup Language (SAML) authentication market is expected to grow from USD 1.5 billion in 2019 to USD 3.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.2% from 2019 to 2024.
- Published: May 2019
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Google (US) and Microsoft (US) are leading players in Conversational Systems Market
MarketsandMarkets forecasts the global conversational systems market size to grow from USD 4.6 billion in 2019 to USD 17.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.8% during 2019–2024. An increasing demand for AI-powered customer support services and highly advanced AI and NLP tools are bolstering the conversational systems market growth.
- Published: May 2019
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Laser Sensor Companies - KEYENCE CORPORATION (Japan) and Panasonic (Japan) are the Leading Manufacturers
The laser sensor market is expected to grow from USD 535 million in 2019 to USD 863 million by 2024—growing at a CAGR of 10.0%. Major factors driving the market growth include the high demand for laser sensors in the food manufacturing industry, advent of Industry 4.0 and smart manufacturing, and increased government initiatives toward automation.
- Published: May 2019
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Zamil Steel Holding Company (Saudi Arabia) and Nucor Corporation (US) are the Key Players in the Pre-engineered Buildings Market
The global pre-engineered buildings market size is projected to grow from USD 14.5 billion in 2019 to USD 25.0 billion by 2024, at a CAGR of 11.5% during the forecast period. The increasing demand for green buildings and need for reduction in construction time and cost, along with the demand for lightweight building structure, are projected to drive the growth of the pre-engineered buildings market.
- Published: May 2019
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ABB (Switzerland) and Toshiba (Japan) are the Major Players in the DC Circuit Breaker Market
The global DC Circuit Breaker market is expected to grow from an estimated USD 2.3 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 6.54%. Factors such as increasing demand for reliable and resilient power supply worldwide, increasing investments, infrastructure development projects, and growing adoption of renewable resources are driving the DC circuit breaker market.
- Published: May 2019
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Key players have focused on the adoption of expansions, acquisitions, and contracts strategies to cater to the demand for Pre-Insulated Pipes across various applications for various end-use industries
The pre-insulated pipes market is projected to grow from USD 6.4 billion in 2019 to USD 10.2 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Pre-insulated pipes are replacing traditionally insulated pipes in almost all applications due to their increased advantages, such as superior efficiency, enhanced insulation, and better physical performance. Pre-insulated pipes are energy efficient as compared with traditionally insulated pipes and prevent heat losses by 40% over traditionally insulated pipes, which directly reflects in cost savings. These factors have resulted in the increased adoption of pre-insulated pipes in various end-use industries to prevent heat loss and conserve energy.
- Published: May 2019
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Human Centric Lighting Companies - OSRAM Licht AG (Germany) and Signify Lighting NV (Netherlands) are the Key Players
The overall human centric lighting market is projected to grow from USD 810 million in 2019 to USD 3,655 million by 2024—growing a CAGR of 35.2%. The implementation of wireless technology for LED lighting is expected to provide huge growth opportunities to the players in the human centric lighting market. The growth of the human centric lighting market is driven by the high adoption of LED lighting solutions; initiatives toward establishing smart cities; and rise in the demand for energy-efficient lighting solutions.
- Published: May 2019
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Field Device Management Companies - Siemens (Germany) and Emerson (US) are the Leading Manufacturers
The global field device management market is projected to grow from USD 1.3 billion in 2019 to USD 1.8 billion by 2024; it is expected to grow at a CAGR of 6.7%. Major factors driving the growth of the field device management market are the rising importance of Industry 4.0 and smart factory, growing focus of manufacturers on reduction in maintenance and operational costs, surging need for FDM systems, and increasing investments by automation companies for the development of IIoT solutions.
- Published: May 2019
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Thomson Reuters (US) and 63 moons (India) are leading players in Algorithmic Trading Market
MarketsandMarkets forecasts the algorithmic trading market size to grow from USD 11.1 billion in 2019 to USD 18.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.1% during the forecast period. The algorithmic trading market is said to have growth potential, due to the increasing demand for fast, reliable, and effective order execution and reducing transaction costs.
- Published: May 2019
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INEOS Group Holding S.A. (Switzerland) and Mitsui Chemicals, Inc. (Japan) are leading Players Operating in the Alpha-Methylstyrene Market
The alpha-methylstyrene market is projected to grow from USD 473 million in 2019 to USD 543 million by 2024, at a CAGR of 2.8% from 2019 to 2024. Increased demand for Acrylonitrile Butadiene Styrene (ABS), which uses alpha-methylstyrene, from various end-use industries such as automotive and electronic appliances is one of the key factors driving the growth of the alpha-methylstyrene market across the globe.
- Published: May 2019
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First Data (US) and TSYS (US) are leading players in Payment as a Service Market
The payment as a service market size is expected to grow from USD 5.7 billion in 2019 to USD 16.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period. Regulatory initiatives to promote payment solutions thriving on secure and real-time transactions, and optimized customer/merchant experience with quick and secure payment methods are the major factors driving the growth of the payment as a service market.
- Published: May 2019
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Rosen (Switzerland) and BHGE (US) are the Major Players in the Pipeline Integrity Market
The global pipeline integrity market is expected to grow from an estimated USD 1.7 billion in 2019 to USD 2.1 billion by 2024, at a CAGR of 4.33% during the forecast period. This growth can be attributed to factors such as huge investment pool in the pipeline business, increased government mandate and regulations for pipeline assessment, concern over environment impact, the safety of pipelines and energy infrastructure, and increased focus on the remote management of oil & gas pipeline for process optimization & automation.
- Published: May 2019
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Market Leadership - Pneumatic Tube System Market
The pneumatic tube system market is expected to grow from USD 1.9 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 6.9%. The market is mainly driven by factors such as demand for automation in material handling across industries, growing medical automation for reproducibility and accuracy, emerging e-commerce industry, and enhanced productivity enabled by improved supply chain processes.
- Published: May 2019
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Unmanned Composites Companies - Gurit (Switzerland), Hexcel Corporation (US) are the Key Players
The unmanned composites market size is expected to grow from USD 1.1 billion in 2019 to USD 2.7 billion by 2025, at a CAGR of 15.52% from 2019 to 2025. Increasing demand for weight reduction in the unmanned systems and improving reliability and durability of the unmanned systems are some of the major factors driving this market.
- Published: May 2019
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3M Company (US) and Nitto Denko Corporation (Japan) are the Key Players in the Splicing Tapes Market
The splicing tapes market size is projected to grow from USD 527 million in 2018 to USD 593 million by 2023, at a CAGR of 2.37% during the forecast period. The global paper & printing industry is undergoing a rapid transformation and plays a significant role in driving the splicing tapes market globally. Splicing tapes are used in the production of paper, films, label, and packaging products (such as corrugated boxes, paperboards, or envelopes). However, the environmental regulations related to the paper & pulp sector could act as a major constraint. The developed countries, in regions such as Europe and North America, are anticipated to cut back on the growth level in the near future, owing to the stagnant nature of their markets.
- Published: May 2019
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Denka (Japan) and CeramTec (Germany) are the Leading Players in the Silicon Nitride Market
The global market size of silicon nitride is projected to grow from USD 90 million in 2018 to USD 127 million by 2023, at a compound annual growth rate (CAGR) of 7.2% during the forecast period. The major driving factors for the market are the use of silicon nitride as an alternative in end-use industries as it exhibits superior properties than the other ceramics being used. There is a need for high-performance materials in end-use industries such as automotive and aerospace.
- Published: May 2019
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Market Leaders - Blood Meal Market
The blood meal market was valued at USD 1.8 billion in 2019 and is projected to reach USD 2.1 billion by 2025, recording a CAGR of 3.0% during the forecast period. The increasing consumption of livestock-based products, feed production, and standardization of meat products due to disease outbreaks, and implementation of innovative animal husbandry practices to improve the meat quality have led to high demand for blood meal.
- Published: May 2019
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Target Acquisition Systems Companies - Hensoldt (Germany) and Elbit Systems (Israel) are the Key Players
The global target acquisition systems market is projected to grow from USD 11.9 billion in 2019 to USD 15.5 billion by 2024, at a CAGR of 5.46% from 2019 to 2024. Some of the factors that are expected to fuel the growth of the target acquisition systems market are advancements in automatic weapons, increasing defense expenditure of countries, rise in demand for artillery systems by military forces, and ongoing military modernization programs worldwide.
- Published: May 2019
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Seismic (US) and Showpad (Belgium) are the Leading Players in the Sales Enablement Platform Market
The global sales enablement platform market size is expected to grow from USD 1.1 billion in 2019 to USD 2.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period. The growing need to enhance sales performance and improve overall internal business processes is driving the growth of the sales enablement platform market. Furthermore, sales enablement platform offers competitive advantages to organizations by empowering its sales and marketing representatives with relevant content based on customer preferences and buying behavior. These benefits are driving the adoption of sales enablement platform sacross various industries globally.
- Published: April 2019
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New Product Launches, Acquisitions, and New Expansions in Different Countries to Increase their Product Portfolios and Grow Further in the Autonomous Agents Market.
The global autonomous agents market size is expected to grow from USD 345 million in 2019 to USD 2,992 million by 2024 at a Compound Annual Growth Rate (CAGR) of 54% during the forecast period. The major factors driving the growth of the market are increasing number of Artificial Intelligence (AI) applications, and growth in large and complex data sets.
- Published: April 2019
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New Revenue Pockets - Thick Film Resistor Market
Thick film resistor market is estimated to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million by 2025 from USD 435 million in 2018. Factors such as technological innovations in consumer electronic products, power efficient electrical products, and increasing demand for premium vehicles and safety & comfort features have resulted in the growth of the thick film & shunt resistor market.
- Published: April 2019
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Calcium Carbonate Companies - Omya AG (Switzerland) and Imerys (France) are the Leading Players in the Calcium Carbonate Market
The global calcium carbonate market is estimated to be USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0% during the forecast period. The global calcium carbonate is mainly driven by the high demand from paper, plastic, and paints & coatings industries in China and India, among others.
- Published: April 2019
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Royal Dutch Shell Plc (Netherlands) and BASF SE (Germany) are the Key Players in the Propanol Market
The global propanol market size is estimated at USD 3.5 billion in 2018 and is projected to reach USD 4.2 billion by 2023, at a CAGR of 4.0% between 2018 and 2023. The propanol market is majorly driven by the household & personal care and pharmaceutical applications in APAC, mainly from India, China, Japan, South Korea, and Southeast Asian countries. Propanol is a colorless type of alcohol available in two isomeric formulations, namely, isopropanol and n-propanol. Isopropanol also known as isopropyl alcohol is a colorless, flammable liquid used as a solvent in various applications such as paints & coatings, cosmetics, pharmaceutical, food processing, resin, and pesticide formulation. It is also used as a chemical reagent and chemical intermediate for chemical formulation processes. N-propanol is majorly used as a direct solvent in applications such as coatings and flexographic inks. It is also used as a chemical intermediate for the formulation of derivatives such as n-propylamine, n-propyl ester, and glycol ether. The derivatives formed using n-propanol are further used in the pharmaceutical, food, and cosmetics applications.
- Published: April 2019
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Abbott (US), Boston Scientific (US) and Koninklijke Philips N.V. (Netherlands) are leading players in Fractional Flow Reserve Market
The fractional flow reserve market is projected to reach USD 1,082 million by 2024 from USD 516 million in 2019, at a CAGR of 16.0% during the forecast period. Growth in this market is primarily attributed to the rising geriatric population and the subsequent growth in the prevalence of cardiovascular diseases, cost-benefits of FFR, and the presence of a favorable reimbursement scenario.
- Published: April 2019
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Abbott (US) and GlaxoSmithKline plc (UK) are leading players in Vitamin D Therapy Market
The vitamin D therapy market is expected to reach USD 3.3 billion by 2024 from USD 1.9 billion in 2019, at a CAGR of 11.6%. Growth in this market is largely driven by the growing awareness about vitamin D deficiency and the presence of a large target patient population. On the other hand, the fortification of foods is likely to challenge the growth of this market.
- Published: April 2019
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Dell Technologies Inc (US) and IBM Corporation (US) are the Major Players in the HPC, Data Analysis, Storage & Management Market
The Data Analysis, Storage & Management Market in Life Sciences is expected to reach USD 41.1 billion by 2024 from USD 18.7 billion in 2019, at a CAGR of 17.1%. Growth in this market is mainly driven by the increasing demand for data storage, analysis and data management solutions, and rising use of cloud solution due to enterprise mobility. However, high costs of implementation of these solutions and bandwith performance issues are major restraints for this market.
- Published: April 2019
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Clextral (France) and GEA Group (Germany) are the Key Players in the Snack Pellet Equipment Market
The snack pellet equipment market, in terms of value, is estimated to account for nearly USD 1.0 billion in 2019 and projected to grow at a CAGR of 5.2%, to reach nearly USD 1.4 billion by 2025. This is due to the rising demand for extruded snacks globally. Snack pellets are non-expanded intermediate products that are usually produced through the extrusion process using various raw materials such as potato, corn, tapioca, and rice. The extruder is the main equipment, which is used to press the raw material and produce pellets. The key snack pellet manufacturers are also adopting new technologies for the production of snack pellets, which include single screw extrusion, twin-screw extrusion, and co-extrusion. These processes aid in the manufacturing of snack pellets that are of various shapes, textures, and sizes. However, the technological advancements in the snack pellet equipment to produce 3D pellets have also led to an increase in the production capacity in a short time, thus driving the market growth.
- Published: April 2019
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Surmet Corporation (US) and CeramTec (Germany) are the Key Players in the Optical Ceramics Market
The market size of optical ceramics is estimated at USD 148 million in 2018 and is projected to reach USD 297 million by 2023, at a CAGR of 15%, between 2018 and 2023. The global optical ceramics market is driven by the increasing defense expenditure on advanced materials and technologies. Optical ceramics are used as a substitute for glass, metals, and plastics, which is boosting the market.
- Published: April 2019
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Sono Motors (Germany) and Toyota (Japan) are the Major Players in the Solar Vehicle Market
The global solar vehicle market is projected to grow at a CAGR of 36.4% during the forecast period to reach 107,380 units by 2030 from an estimated 8,955 units by 2022. The forecast period is from 2022 to 2030. Factors such as growing concerns over environmental pollution coupled with heavy investments in R&D by automakers would drive the growth of the market globally.
- Published: April 2019
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McKesson Corporation (US), Omnicell, Inc. (US), and TCGRx (US) are the Leading Players in the Central Fill Pharmacy Automation Market
The central fill pharmacy automation market is projected to reach USD 656 million by 2024 from USD 381 million in 2019, at a CAGR of 11.5%. The increasing demand for specialty drugs being dispensed by central fill pharmacies is one of the primary drivers propelling the growth of this market. Factors such as the growing need to minimize medication errors, growing patient volume which leads to an increase in prescription dispensing, and the rising focus on automation to reduce labor costs are also driving market growth. The untapped central fill pharmacy automation market in the Europe and Asia Pacific regions offer significant growth opportunities for players.
- Published: April 2019
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