Research Insight

Phosphate Companies: Market Leader in Phosphate Market

In terms of value, the phosphate market is estimated to grow from USD 180.99 billion in 2024 to USD 219.74 billion by 2029, at a CAGR of 3.9%. The growing demand for agricultural fertilizers is one of the main factors propelling the phosphate market. Phosphorus is one of the three major nutrients required for plant growth, nitrogen, and potassium. As the world's population increases, there is increase in need for food production. This has accelerated the use of phosphate fertilizers to enhance the crop productivity.

• Published: November 2024

Top Companies in Gene Editing Market - Thermo Fisher Scientific Inc. (US) and Merck KGaA (Germany) are the Leading Players

The gene editing market is expected to reach USD 7.59 billion by 2029 from USD 4.66 billion in 2024, at a CAGR of 10.2% during the forecast period. The main factors behind the expansion of this market are demand for personalized medicine, and favorable government funding investments for gene editing projects. The expanding range of gene editing applications, spurred by technological advancements in prime editing, bridge RNA and the growing burden of congenital diseases, are also contributing to the market's expansion.

• Published: November 2024

Optum, Inc. (US) and Cognizant (US) are Leading Players in the Healthcare IT Market

The healthcare IT market is projected to reach USD 961.26 billion by 2030 from USD 480.49 billion in 2025, at a high CAGR of 14.9% during the forecast period. The prime driving force for this increase is the escalating ROI that is being realized via the implementation of healthcare information technology solutions for hospitals and clinics, as they try and improve the efficiency and effectiveness of their entities, as well as focus on lowering the expenditure required for providing quality care. The intensified demand for efficiently managing patients, employees, and care processes is accelerating the demand for diverse technological solutions, including EHRS, eRX, and mHealth solutions. Apart from this, the innovations and rapid evolution of technologies such as cloud technology, interoperations, analytics based on artificial intelligence, and telehealth technologies are compelling the healthcare entities to modernize their IT infrastructure and models. The technologies have a tremendous approach towards the provision of care, and this is extremely data-driven and patient-centric, along with the concept of sustainability of costs.

• Published: November 2024

Top Companies in Vector Control Industry - Rentokil Initial Plc (UK), Rollins Inc. (US) and Anticimex (Sweden)

The vector control market is estimated at USD 21.72 billion in 2024 and is projected to reach USD 29.80 billion by 2029, at a CAGR of 6.5% from 2024 to 2029. The key growth drivers in the vector control market are the increasing prevalence of diseases that are transmitted through vectors, growing public awareness about health hazards, and government initiatives to prevent illnesses. Increasing habitats of vectors due to effects such as urbanization and climate change increase the demand for effective measures of control. Improvements in technology, including AI and IoT, provide enhancement in monitoring and control strategies. There is the increasing option of environmentally friendly pest management practices, which goes on to be considered: innovation and investments in eco-friendly vector control solutions.

• Published: November 2024

Top Companies in Artificial Intelligence in Drug Discovery Market - NVIDIA Corporation (US) and Insilico Medicine (US) are the Leading players

The artificial intelligence (AI) in drug discovery market is projected to reach USD 6.89 billion by 2029 from USD 1.86 billion in 2024, at a CAGR of 29.9% from 2024  to 2029. The major factors driving the growth of artificial intelligence (AI) in drug discovery market include the increasing number of cross-industry collaborations and partnerships, the growing need to curb drug discovery and development costs, and potentially reduce the overall timeline and accelerate processes. There is a marked increase in the volume of accessible biomedical datasets, including multi-omics and chemical structures. Moreover, increasing the pipeline for AI-driven discovery for oncology and initiatives for research on rare diseases and orphan drugs also propel the growth of artificial intelligence (AI) in the drug discovery market. For instance, in September 2023, Merck KGaA (Germany) collaborated with Exscientia (UK)  to leverage Merck's disease expertise in neuroinflammation and oncology, clinical development capabilities, and global footprint, in conjunction with Exscientia's Al-driven precision drug design and discovery capabilities.

• Published: November 2024

Energy Recovery Ventilator Core Companies: CORE Energy Recovery Solutions (Germany) and Innergy Tech Inc. (Canada) are Leading Players in the Energy Recovery Ventilator Core Market

The global energy recovery ventilator core market is projected to grow from USD 1.01 billion in 2024 to USD 1.56 billion by 2030, at a CAGR of 7.4% from 2024 to 2030. The market's growth is driven by the increasing demand for good ventilation systems in residential and commercial projects, the rising need for good indoor air quality, and the meeting of energy-efficient standards.

• Published: November 2024

Top Companies in Autonomous Construction Equipment Industry - Deere & Company (US), CNH Industrial (UK), Caterpillar (US and Komatsu Ltd (Japan)

The autonomous construction equipment market is projected to grow from USD 4.40 billion in 2024 to USD 9.77 billion by 2030 at a CAGR of 14.2%. The growth of this market can be attributed to the increase in infrastructure development and mining activities and rising automation in vineyards across the Americas and Europe.

• Published: November 2024

Linear Actuators in Driving Growth in the Global Actuators Market

The Global Actuators Market is experiencing significant expansion, projected to grow from USD 67.7 billion in 2024 to USD 94.8 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This growth is fueled by rapid urbanization, industrialization, and the increasing demand for automation across diverse industries. Within this thriving market, linear actuators stand out as a key component, playing a pivotal role in enhancing operational efficiency, precision, and safety. In this blog, we’ll explore what linear actuators are, how they function, and how they contribute to the larger actuators market.

• Published: November 2024

Bubble Generator Companies: Market Leaders in Bubble Generator Market

The bubble generators market size is projected to grow from USD 1.3 billion in 2024 to USD 1.8 billion by 2029, registering a CAGR of 6.8% during the forecast period. The problem of scarce fresh water and mounting pressure to provide sustainable water solutions and also rising demand for efficient aeration in fish farming and irrigation systems is set to propel the demand for bubble generators. Consistent with the pursuit of effective technologies needed to improve water quality and resources, there is growing attention in technologies such as nano-bubble generators as a device that makes gases dissolve better and nutrients to be delivered effectively. On the same note, improvements in nanotechnology are enabling better solutions for bubble generation, to aid broader market progression.

• Published: November 2024

Reverse Osmosis (RO) Membrane Companies: DuPont (US) and Toray Industries Inc (Japan) are Leading Players in the Reverse Osmosis (RO) Membrane Market

The RO membrane market is expected to grow at a CAGR of 6.5% to reach USD 5.11 billion by 2029 from USD 3.73 billion in 2024. The factors like growing water scarcity and demand from water & wastewater treatment and industrial processing are significantly driving the market growth.

• Published: November 2024

Top Companies in Synthetic Biology Market: Thermo Fisher Scientific Inc. (US) and Merck KGaA (Germany) are the Leading Players

The global synthetic biology market is anticipated to reach USD 31.52 billion by 2029 from USD 12.33 billion in 2024, with a significant CAGR of 20.6%. The growing demand for bio-based products and the multiple applications of synthetic biology are some of the factors driving the market growth. Furthermore, the future innovations and the increasing funding in R&D, in addition to increasing collaborations is expected to drive market growth in coming years.

• Published: November 2024

Top Companies in Protein Expression Market: Thermo Fisher Scientific Inc. (US) and Merck KGaA (Germany) are the Leading Players

The protein expression market is expected to reach USD 4.82 billion by 2029 from USD 3.41 billion in 2024 at a CAGR of 7.1% during the forecast period. Factors such as the rise in R&D within the pharmaceutical and biopharmaceutical industries owing to the increasing demand for biologics and the growing use of artificial intelligence and machine learning to enhance protein expression workflow, drive the growth of the protein expression market. Other factors such as the growing clinical activities outsourcing trend and an increasing shift toward personalized medicines support the growth of the protein expression market. Furthermore, advancements in synthetic protein production technologies and the growing use of recombinant proteins provide growth opportunities for companies operating in the protein expression market. However, the high cost of protein expression offerings and the dominance of small molecules in drug development are expected to restrain the growth of this market to a certain extent.

• Published: November 2024

Top Companies in Physiotherapy Equipment Market: Enovis Corp. (US) and Zynex Inc. (US) are the Leading Players

The Physiotherapy Equipment market is projected to reach USD 9.45 billion by 2029 from USD 6.70 billion in 2024, at a CAGR of 7.1% during the forecast period. The growth in this market is seen due to increasing aging populations, rising chronic disease rates, increased incidences of sports injuries, technological advancements, rising healthcare and insurance coverage driven by expanding government initiatives and increased adoption of physiotherapy equipment's globally.

• Published: November 2024

Top Companies in Food Certification Industry - DEKRA (Germany), SGS (France), Intertek Group plc (UK), AsureQuality (New Zealand) and Bureau Veritas (France)

The food certification market is estimated to be worth USD 5.85 billion in 2024 and is projected to reach USD 7.72 billion by 2029, at a CAGR of 5.7% during the forecast period. Major trends include a heightened focus on food safety, increased consumer demand for transparency through certifications like organic and non-GMO, and stricter global regulatory compliance. These factors are driving growth in the food certification market, ensuring consumer confidence and adherence to safety standards across the food supply chain.The key players in this market include DEKRA (Germany), SGS (France), Intertek Group plc (UK), AsureQuality (New Zealand), and Bureau Veritas (France), LQRA (UK), DNV (Norway), TÜV SÜD (Germany), Kiwa (Netherlands), ALS (US), UL LLC (US), EAGLE Certification Group (US), INTL Certification Limited (UK), Assurecloud (Africa) and Control Union Certifications (Netherlands). Companies are focusing on expanding their service facilities by entering into partnerships and agreements as well as development in the services to grow their businesses and their market share. Further, companies are focused on geographical expansion to tap the potential of emerging economies, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the global market. For instance, DEKRA recently announced merger with Chilworth Technology Ltd. in order to extend its certification offerings in the European region.

• Published: November 2024

Top Companies in Periodontal Disease Treatment Market - DENTSPLY SIRONA Inc. (US) and INSTITUT STRAUMANN AG (SWITZERLAND) are the Leading Players

The Periodontal Disease Treatment Market is projected to reach USD 3.63 billion by 2030 from USD 2.58 Billion in 2024, at a CAGR 5.9% from 2024 to 2030. Periodontal disease, also referred to as gum disease, is a collection of inflammatory conditions affecting the tissues surrounding the teeth. The condition often progresses from gingivitis, which refers to mild inflammation of the gums, to a more serious condition called periodontitis, which may cause untreated tooth loss. Treatment of periodontal disease varies with the degree of severity.

• Published: November 2024

Top Companies in H2-ICE Industry - Cummins Inc. (US), J C Bamford Excavators (UK), Ashok Leyland (India), MAN (Germany) and HD Hyundai Infracore (South Korea)

The H2-ICE market is projected to grow to 36,300-36,400 units by 2035, at a CAGR of 49.0% from 2031 to 2035. The growth of this market can be attributed to the challenges the heavy commercial vehicles face with electrification and the benefits of H2-ICEs over battery electric & FCEVs.

• Published: November 2024

Leading Companies in Unmanned Systems Industry - Northrop Grumman (US), Lockheed Martin Corporation (US), Teledyne Technologies Inc. (US), BAE Systems (UK), and DJI (China)

The unmanned systems market is projected to reach USD 43.54 billion by 2030, from USD 27.13 billion in 2024, at a CAGR of 8.2%. The Unmanned Systems Market has significant growth potential in the coming years which is driven by increase in asymmetric threats, sensor technology, and rising demand for autonomous systems. This market is increasingly recognized for its potential to revolutionize maritime operations, offering enhanced safety, cost efficiency, and environmental sustainability. As the growth trend continues to evolve, the Unmanned Systems market is set to play a pivotal role in the future of unmanned system operations.

• Published: November 2024

SPACEX (US) and Airbus Defence and Space (Germany) are Leading Satellites Companies

The satellites market is estimated to be USD 17.94 billion in 2024 and is projected to reach USD 35.95 billion by 2030, at a CAGR of 12.3% between 2024 and 2030.

• Published: November 2024

Top Companies in Managed Services Industry - IBM (US) and Accenture (Ireland)

The managed services market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period, from USD 365.33 billion in 2024 to USD 511.03 billion by 2029. Managed services is the practice of outsourcing particular business operations or functions to third-party companies. Managed services providers (MSPs) are responsible for the day-to-day administration, monitoring, and optimization of these services, allowing enterprises to focus on their core capabilities. Managed services include various disciplines, including IT infrastructure management, cybersecurity, cloud computing, network monitoring, and data storage.

• Published: November 2024

Top Companies in Simulation Software Industry - Dassault Systemes (France) and Ansys (US)

The Simulation Software market size is estimated to grow from USD 19.95 Billion in 2024 to USD 36.22 Billion by 2030 at a compound annual growth rate (CAGR) of 10.4 % during the forecast period.

• Published: November 2024

Wind Blade Recycling Companies: Veolia (France) and Acciona (Spain) are Leading Players in the Wind Blade Recycling Market

The Wind Blade Recycling market is projected to grow from USD 68,235 thousand in 2024 to USD 3,70,935 thousand by 2029, at a CAGR of 40.3% during the forecast period.

• Published: November 2024

Video as a Sensor Companies - Honeywell International Inc. (US) and Dahua Technology Co., Ltd (China) are the Key Players

The global video as a sensor market size is estimated to be USD 69.52 billion in 2024 and is projected to reach USD 101.89 billion by 2029, at a CAGR of 7.9% during the forecast period. The key factors fuelling the growth of this market are the rapid technological advancements in AI, ML, edge computing, and camera technologies, favorable government initiatives and funding, and increasing demand for video as a sensor system for surveillance and security.

• Published: November 2024

Electronic Waste Recycling Companies: Umicore SA (Belgium) and Enviro-Hub Holdings Ltd. (Singapore) are Leading Players in the Electronic Waste Recycling Market

The Electronic Waste Recycling market is projected to grow from USD 48.41 billion in 2024 to USD 66.33 billion by 2029, at a CAGR of 6.5% during the forecast period.

• Published: November 2024

Image Sensors Companies - Sony Corporation (Japan) and Samsung (South Korea) are the Key Players

The global image sensor market is expected to be valued at USD 20.66 billion in 2024 and is projected to reach USD 29.62 billion by 2029, growing at a CAGR of 7.5% from 2024–2029. Market participants have diversified their offerings, extending their global reach through strategic growth approaches like establishing alliances, introducing new products and collaborations, forging partnerships, and expanding their operations.

• Published: November 2024

Top Companies in Particle Counters Market - Spectris Plc (UK) and Danaher Corporation (US) are the Leading Players

The global particle counters market is estimated to reach USD 986.3 million by 2029 from USD 625.3 million in 2024, at a CAGR of 9.5% during the forecast period.

• Published: November 2024

Metamaterial Companies - BAE Systems (UK) and Lockheed Martin Corpration (US) are the Key Players

The metamaterial market is projected to reach USD 1.38 billion by 2029 from USD 0.22 billion in 2024 at a CAGR of 44.8% during the forecast period.

• Published: November 2024

Top Companies in Modular Data Center Industry - Dell (US) and Vertiv (US)

The Modular Data Center Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period, from USD 29.93 billion in 2024 to USD 79.49 billion in 2030. The market for modular data centers is expanding because these are easily adaptable and scalable and they can be deployed quickly than traditional data centers. These pre-engineered solutions allow organisations to rapidly deploy data centres in many locations, guaranteeing optimum performance in each scenario. Modular data centers are cost efficient and energy friendly since they enable a company to expand operations easily without necessarily disrupting its operations. This flexibility helps companies in addressing new technology requirements and retaining competitive advantages while also dealing with intricate and dispersed infrastructures.

• Published: November 2024

Top Companies in Logistics Automation Industry - Honeywell (US) and ABB (Switzerland)

The worldwide Logistics automation market is expected to grow at a compound annual growth rate of 8.4% until 2029, reaching USD 52.53 billion, up from an estimated USD 35.14 billion in 2024. Key factors driving market growth are smart warehousing systems with IoT, AI to analyze data optimizes supply chain operations and enhances decision-making efficiency and innovations in cold chain logistics are improving the efficiency of temperature-sensitive deliveries.

• Published: November 2024

Top Companies in Antimicrobial Susceptibility Testing Market: Biomerieux SA (France) and Becton,dickinson and company (US) are the Leading Players

The antimicrobial susceptibility market is projected to reach USD 5.68 billion by 2029 from USD 4.45 billion in 2024, growing at a CAGR of 5.0% during the forecast period. Major driving factors for antimicrobial susceptibility market growth come from the increasing prevalence of antibiotic-resistant infections and greater demand for effective treatments. Resistance from bacteria and other pathogens is growing against currently used antibiotics, which further compels health systems towards finding new antimicrobial agents and their testing methods to overcome this new evolving threat. Awareness of AMR among healthcare providers and patients, increased use of better diagnostic technologies, has a pushing effect on the market. Governments and organizations are also investing in research and development in this field of AMR, accelerating the pace of innovation and growth in the market.

• Published: November 2024

Aerospace Testing Companies - Element Materials Technology (UK) and SGS SA (Switzerland) are the Key Players

The global aerospace testing market is expected to be valued at USD 5.50 billion in 2025 and reach USD 6.91 billion by 2030, growing at a CAGR of 4.6% during the forecast period. Aerospace testing is experiencing rapid growth due to stringent regulatory requirements for safety and quality, increased commercial air travel demand, and advances in aerospace technology, which require testing new materials and systems. It is also necessary to rigorously test the increased government spending on defense and military aircraft to ensure that they are reliable and perform at their optimum level. Key strategies driving the market include the integration of AI-driven analytics in testing protocols to enhance precision and efficiency and the expansion of testing capabilities through strategic partnerships and acquisitions to address evolving aerospace standards.

• Published: November 2024

Home Automation System Companies - Johnson Controls Inc. (Ireland) and Schneider Electric (France) are the Key Players

The home automation system market was valued at USD 57.67 billion in 2024 and is projected to reach USD 73.49 billion by 2029; it is expected to register a CAGR of 5.0% during the forecast period. Rising need for convenience and comfort, increasing demand for energy efficient devices, and incorporating AI in Home automation are attributed to the ever-increasing demand. 

• Published: November 2024

Urea Companies - CF Industries Holdings, Inc. (US) and Pupuk Indonesia (Persero) (Indonesia) are Leading Players in the Urea Market

The urea market is projected to reach USD 93.25 billion by 2029 from USD 80.25 billion in 2024, at a CAGR of 3.05% during the forecast period.

• Published: November 2024

Top Companies in Quantum Communication - Toshiba (Japan) and ID Quantique (Switzerland)

The global quantum communication market size is projected to grow from USD 0.74 billion in 2024 to USD 5.54 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 39.6% during the forecast period. Quantum communication technology is mainly driven by - the greater need for data protection. Organizations and governments seek out more secure means of communication, such as Quantum Key Distribution (QKD) and quantum-proof ones, as cyber threats have become more sophisticated and the risk of quantum hacking traditional encryption is looming. The technology is evolving, offering a level of protection that is beyond what can be by offering a level of protection that is beyond what can be provided offered by standard methods such as RSA and AES, leading to the growth of the quantum communication market.

• Published: November 2024

Top Companies in Relay Industry - HONGFA (China), TE Connectivity (Switzerland) and OMRON Corporation (Japan)

The relay market is expected to grow from an estimated in USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period. As urbanization and industrialization accelerate, power grids require advanced relay systems to handle the complexity of power transmission and distribution, ensuring system stability and protection against failures. Moreover, the focus on integrating renewable energy sources into the grid further boosts the demand for relay solutions that can manage fluctuations and maintain a stable power supply.

• Published: November 2024

Top Companies in Smart Stadiums - Cisco (US) and IBM (US)

The global Smart Stadiums market size is projected to grow from USD 19.55 billion in 2024 to USD 41.68 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 16.4%. The Smart Stadiums market is growing because as the demand for more engaging experiences by fans through connected tech is rapidly increasing. The conventional stadiums had basic setups with little digital interaction missing out on real-time info and custom features for visitors. In recent years, IoT AI, and 5G have changed stadiums into linked spaces that boost how well they run, keep people safe, and get fans involved. Factors such as rising sports events worldwide, plus the need for better facilities, have pushed stadiums to use latest technologies. Furthermore, the investment in sports facilities and the emphasis on improving stadium operations are significant factors contributing to this growth.

• Published: October 2024

Top Companies in Cold Plasma Market: Nordson Corporation (US) and Adtec Plasma Technology Co. Ltd. (Japan) are the Leading Players

The cold plasma  market is projected to reach USD 3.66 billion by 2029, from USD 2.17 billion in 2024, at a CAGR of 11.0%. during the forecast period.

• Published: October 2024

Top Companies in Biosimulation Market - Certara USA. (US), Simulations Plus. (US) and Dassault Systèmes (France) are the Leading Players

The biosimulation market is projected to reach USD 9.18 billion by 2029 from USD 4.24 billion in 2024, at a CAGR of 16.7% from 2024 to 2029. The major factors driving the growth of the biosimulation market include the high rate of clinical trial failures, the growing necessity of being able to predict drug pharmacokinetics and pharmacodynamics, as well as toxicity management. According to a research article published by the National Library of Medicine in February 2022, the drug discovery and development process takes about 10-15 years for a new drug to be approved for clinical use. And 90% of the drug candidates fail during the phases I, II, and III of clinical trials and drug approvals. The possible reasons stated for the failure include lack of clinical efficacy, unmanageable toxicity, poor drug-like properties, lack of commercial needs, and poor strategic planning. The use of biosimulation helps address these challenges to increase the chances of drug approval and facilitate swift trial processes.

• Published: October 2024

Packaging Coatings Companies: PPG Industries, Inc. (US) and AkzoNobel N.V. (The Netherlands) are Leading Players in the Packaging Coatings Market

The packaging coatings market is projected to grow from USD 4.21 billion in 2024 to USD 5.37 billion by 2029, at a CAGR of 5.0% between 2024 and 2029. Packaging coatings are specific layers of material which are added onto or incorporated into the packaging substrates to improve its efficiency, stability and looks. These coatings have become an essential product across different sectors since they shield packaged commodities from the elements, prolong the shelf life of the products and meet essential safety and quality requirements. In the food and beverage industry for example, the packaging coatings provide a barrier against moisture, oxygen, and contaminants that may otherwise spoil the food product or contribute to shortened shelf life. These coatings also protect characteristics of the packaging materials during handling and transportation so as to get the products to the consumers in the right state. Food coatings are especially essential to steer clear of any leaching of chemicals into the food lest they violate the food safety legal requirements.

• Published: October 2024

Top Companies in Engines Industry - Cummins Inc (US) and General Motors (US)

The engines market is forecast to reach USD 477.89 billion by 2029 from an estimated USD 377.84 billion in 2024, at a CAGR of 4.8% during the forecast period (2024-2029). Growth in the engine market is associated with increasing demand for reliable power across multiple industries. Among them include transportation, manufacturing, and energy. Advancements in technologies regarding engines that are aimed at improving their performance for energy efficiency alone keep encouraging their demand. Moreover, there is a push towards sustainability and cleaner alternatives to fuel that has encouraged innovation in the recent past by developing even more efficient engines that meet modern-day environmental standards.

• Published: October 2024

Top Companies in Latent TB Testing Market: QIAGEN (Netherlands) and Revvity (US) are the Leading Players

The latent TB testing market is projected to grow to USD 773.4 million by 2029 from USD 582.5 million in 2024, at a CAGR of 5.8% during the forecast period. Major growth drivers in the market include a rise in the incidence and prevalence of latent TB globally, widespread administration of the BCG vaccine, and increased funding and grants toward TB control. As latent TB cases increase, mainly in high-risk settings, early diagnosis of patients is an important aspect that can prevent them from turning into active tuberculosis. Additionally, increasing financial support via international organizations and government agencies strengthens TB programs by improving the access of diagnostics, healthcare infrastructure, and training on the management of TB. Altogether, these factors add up to the global rising need for accurate latent TB tests.

• Published: October 2024

Marine Vessels Companies - China State Shipbuilding Corporation (China) and FINCANTIERI S.p.A. (Italy) are the Key Players

The marine vessels market is projected to reach USD 133.63 billion by 2030, from USD 111.10 billion in 2024, at a CAGR of 3.1%. The marine vessels market is growing due to expanding global trade, which is driving demand for commercial ships. Military navies are expanding and modernizing, contributing to market activity. The rise in passenger and tourism demand is increasing the need for more vessels. Strategic fleet renewal efforts, aimed at replacing older ships with newer models, are also supporting the market's growth.

• Published: October 2024

Coating Resins Companies: Dow Inc. (US) and Allnex GmbH (Germany) (PTT Global Chemical) are Leading Players in the Coating Resins Market

The global coating resins market size was USD 45.28 billion in 2024 and is projected to reach USD 57.34 billion by 2029; it is projected to register a CAGR of 4.8% between 2024 and 2029. The coating resins market growth is mainly driven by the increased demand from the construction, protective, and automotive sectors, a surge in investments in the infrastructure sector, increasing awareness for eco-friendly coating systems, and a rise in the purchasing power of consumers. Architectural coatings are expected to generate a continuous bulk demand for coating resins because of the developments in the construction and industrial sectors. The market restraints include low availability and high price of specialized raw materials needed for highly specialized coatings and economic slowdown in European economies.

• Published: October 2024

Top Companies in Artificial Intelligence in Retail - Microsoft (US) and Google (US)

Artificial intelligence in retail market is estimated to grow from USD 31.12 billion in 2024 to USD 164.74 billion by 2030 at a CAGR of 32.0% during the forecast period. The growing dependence on data-driven strategies is transforming retail operations, enabling retail businesses to enhance customer experience by means of extremely personalized recommendations and targeted marketing campaigns. The adoption of AI solutions in retail is being driven by the need for real-time analytics for optimized inventory management, streamlining supply chain operations, and improving customer engagement across channels. Retailers seek to leverage advanced technologies for operational efficiency and competitive advantage; the focus on AI-driven tools for predictive analytics, automated decision-making, and customer insights is slated to grow further as consumption increases.

• Published: October 2024

Occupancy Sensor Companies - Legrand (France) and Johnson Controls Inc (US) are the Key Players

The global occupancy sensor market is expected to reach USD 5.20 billion in 2030 from USD 2.75 billion in 2024, at a CAGR of 11.2% during the forecast period. The demand for occupancy sensors is increasing due to the need for high energy efficiency, new releases of smart home technologies, and growing interest in sustainability. It activates lighting systems, heating, ventilation, cooling, and other appliances in a room according to its occupancy to help reduce energy consumption. In addition, the development of smart buildings and independent homes embracing automation systems and increasing demand for energy-efficient solutions is enabling the demand for occupancy sensors in residential, commercial, and industrial spaces.

• Published: October 2024

Top Companies in Advanced Visualization Market - Siemens Healthineers AG (Germany) and Stryker (US) are the Leading Players

The global advanced visualization market is forecasted to reach USD 6.55 billion by 2029 from USD 3.78 billion in 2024, at a CAGR of 11.7% during the forecast period. The market growth is primarily driven by the growing geriatric population and subsequent increase in the chronic diseases such as heart disease, stroke, diabetes, and cancer. Moreover, technological advancements in advanced visualization solutions leveraging AI, ML, augmented reality & virtual reality, cloud computing, and other sophisticated technologies is driving the market growth to a large extent. Companies are updating their product portfolio to incorporate these technologies into their offerings. For instance, Canon medical corporation, Agfa, Fujifilm Corporation, and many more have upgraded their advanced visualization capabilities with artificial intelligence to boost their scan time & improve image quality. However, the resistance to change, and high setup & operational costs are expected to restrain the market growth to a certain extent.

• Published: October 2024

Steam Trap Companies - Spirax Group plc (UK) and Emerson Electric Co. (US) are the Key Players

The global steam trap market is expected to be USD 4.57 billion in 2024 and is projected to reach USD 5.57 billion by 2029; it is expected to register a CAGR of 4.1% during the forecast period. The rising demand for energy-efficient steam systems, coupled with the increasing trend of automation in steam systems are attributed to the ever-increasing demand for steam traps. 

• Published: October 2024

NFC Companies - NXP Semiconductors (Netherlands) and Broadcom (US) are the Key Players

The global NFC market size is expected to grow from USD 21.69 billion in 2024 to USD 30.55 billion by 2029, at a CAGR of 7.1% from 2024 to 2029. Near field communication technology is mainly deployed in smartphones, laptops, and tablets for a short range of data exchange. NFC is an array of protocols based on a wireless interface that enables communication devices and electronic gadgets, which establish radio communication with each other under proximity.

• Published: October 2024

Top Companies in AI in Finance Industry - include FIS (US), Fiserv (US), Google (US), Microsoft (US) and Zoho (India)

The global AI in Finance market is projected to register a CAGR of 30.6% during the forecast period, reaching USD 190.33 billion by 2030 from an estimated USD 38.36 billion in 2024. AI is significantly contributing to risk management and fraud detection, helping financial institutions identify anomalies, prevent cyber threats, and enhance regulatory compliance. AI risk management models assess market volatility, credit risks, and liquidity risks in real-time, allowing firms to proactively adjust their strategies. Additionally, AI fraud detection systems leverage deep learning and behavioural analytics to recognize suspicious activities and detect fraudulent transactions, significantly reducing financial crime. In lending, AI-powered credit scoring is improving access to financial services by analysing alternative data sources such as transaction history, digital behaviour, and social signals, making lending decisions more inclusive and data-driven.

The increasing reliance on AI financial forecasting is reshaping investment strategies, allowing firms to analyse real-time market trends, historical data, and macroeconomic indicators to make accurate predictions. Algorithmic trading, powered by AI, is optimizing high-frequency trading strategies by executing trades at speeds and efficiencies beyond human capability. At the same time, AI-driven robo-advisors are democratizing wealth management by providing personalized investment advice based on users' financial goals and risk tolerance. These advancements are accelerating the adoption of AI across financial institutions, enhancing decision-making and portfolio performance.

• Published: October 2024

Recycled Terephthalic Acid Companies: Market Leaders in Recycled Terephthalic Acid Market

The Recycled terephthalic acid (rTPA) market size is projected to grow from USD 2.34 billion in 2024 to USD 2.90 billion by 2029, registering a CAGR of 4.4% during the forecast period. Some of the factors that contribute to the growth of the market of rTPA are rising environmental awareness, increased regulations, and also changing consumer preferences. Apart from this, increasing concern for plastic pollution in the world is shifting the focus of industries toward sustainability, and consequently, demand for recycled products like rTPA is gradually increasing over time. Tighter plastic waste management regulations by most governments compel manufacturers to utilize recycled products such as rTPA due to compliance with sustainability goals. The shift towards a resource-efficient circular economy is another aspect that again enhances the appeal of rTPA. In addition, industries such as textiles, packaging, and automotive require eco-friendly materials to be incorporated in their products to fulfill the demands of consumers for more environmentally friendly products.

• Published: October 2024

FSO & VLC / Li-Fi Companies -Signify Holding (Netherlands) and Acuity Brands, Inc. (US) are the Key Players

The FSO & VLC/Li-Fi market was valued at USD 2.78 billion in 2024 and is projected to reach USD 7.39 billion by 2029, growing at a CAGR of 21.6% from 2024 to 2029.

• Published: October 2024