Research Insight

Mining Machinery Market Size & Share - Future Growth Expectations

The mining machinery industry is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period. Demand for critical minerals which are essential in the production of a wide range of products that include electric vehicles, batteries, and solar panels has led to an increase in mining exploration activities which is further driving the demand for advanced mining machines for increased productivity and safer operations. Also, significant amounts of raw materials, such as metals, minerals, and aggregates, are required by infrastructure projects and the rapid urbanization process, which requires mining operations and the use of specialized mining machinery, thus driving the demand for the mining machinery market.

• Published: May 2024

Plant-Based Protein Industry - Forthcoming Trends to Fuel the Global Growth

The plant-based protein market is estimated at USD 23.89 billion in 2025 and is projected to reach USD 34.97 billion by 2030, at a CAGR of 7.9%. Plant-based proteins have surged in popularity thanks to their diverse range of nutritional benefits, attracting individuals in search of a healthier and more sustainable protein source.

• Published: May 2024

Agricultural Micronutrients Industry - Forthcoming Trends to Fuel the Global Growth

The global agricultural micronutrients market, valued at USD 4.5 billion in 2023, is expected to reach USD 6.9 billion by 2028, growing at a CAGR of 8.6%. Key drivers include the need for improving agricultural yield and crop quality, driven by the rising global population's demand for high-quality food. Soil micronutrient deficiencies and increased awareness of their benefits also contribute to market growth, alongside research and technological advancements in micronutrient fertilizers.

• Published: May 2024

Agricultural Micronutrients Market Size & Share - Future Growth Expectations

The global agricultural micronutrients market, valued at USD 4.5 billion in 2023, is expected to reach USD 6.9 billion by 2028, with a CAGR of 8.6%. Key drivers include the focus on improving yield and crop quality, increasing demand for high-quality food, soil micronutrient deficiencies, research, technological advancements, and growing awareness of the benefits of agricultural micronutrients.

• Published: May 2024

Oil and Gas Pumps Market Size & Share - Global Future Growth Expectations

The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. The Oil and Gas Pumps Market is the industry segment that manufactures, distributes, and uses pumps that are specifically developed for the oil and gas sector. These pumps are critical to many processes in the oil and gas sector, including extraction, transportation, refining, and distribution of oil and gas products.

• Published: May 2024

Automotive HUD Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive HUD market size is projected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. Factors such as increasing adoption of ADAS equipped vehicles, increasing demand for connected vehicles, and growing focus towards vehicle safety will increase the need for automotive HUD solutions to enhance the driving experience. Also, rising demand for semi-autonomous vehicles, and increasing adoption of electric vehicles are also expected to support the revenue growth of the automotive HUD market during the forecast period.

• Published: May 2024

Oil and Gas Pumps Industry - Emerging Trends Making Great Impact

The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. Factors influencing the oil and gas pump industry include fluctuations in oil and gas prices, technological improvements, government regulations, and overall energy demand. It is frequently regarded a subset of the larger industrial equipment market and is inextricably linked to the performance of the oil and gas industry as a whole.

• Published: May 2024

Mulch Films Industry - Forthcoming Trends to Fuel the Global Growth

In 2023, the mulch films market reached an estimated value of USD 7.8 billion and is anticipated to grow to USD 10.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is primarily driven by the rising demand for mulch films, stemming from the imperative to enhance agricultural productivity, adopt sustainable farming practices, and adapt to climate change challenges.

• Published: May 2024

Automotive HUD Market Size & Share - Future Growth Expectations

The global automotive HUD market size is projected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. Factors such as increasing adoption of ADAS equipped vehicles, increasing demand for connected vehicles, and growing focus towards vehicle safety will increase the need for automotive HUD solutions to enhance the driving experience. Also, rising demand for semi-autonomous vehicles, and increasing adoption of electric vehicles are also expected to support the revenue growth of the automotive HUD market during the forecast period.

• Published: May 2024

Biorational Pesticides Market Size & Share - Future Growth Expectations

• Published: May 2024

Mulch Films Market Size & Share - Future Growth Expectations

In 2023, the mulch films market was valued at USD 7.8 billion, and it is expected to achieve USD 10.6 billion by 2028, showcasing a Compound Annual Growth Rate (CAGR) of 6.5% during the period from 2023 to 2028. This growth is predominantly driven by the escalating demand for mulch films, which is rooted in the imperative for heightened agricultural productivity, adoption of sustainable farming practices, and adaptation to climate change challenges.

• Published: May 2024

Switchgear Industry - Forthcoming Trends to Fuel the Global Growth

The global market for switchgear is projected to grow from an estimated USD 93.1 billion in 2023 to USD 119.9 billion by 2028, demonstrating a CAGR of 5.2% during this five-year period. The switchgear market refers to the global industry that manufactures, designs, distributes, and services switchgear equipment. Switchgear is essentially a collection of electrical disconnect switches, fuses, and circuit breakers used to control, protect, and isolate electrical devices. It is widely used in substations, power generation facilities, industrial plants, and commercial buildings to regulate electricity flow and safeguard electrical equipment from damage caused by overload, short circuits, or malfunctions.

• Published: May 2024

Biorational Pesticides Industry - Forthcoming Trends to Fuel the Global Growth

• Published: May 2024

Cultured Meat Industry - Forthcoming Trends to Fuel the Global Growth

The global cultured meat market is estimated at USD 272.4 million in 2023 and is projected to reach USD 6,169.6 million by 2034, at a CAGR of 33.3% from 2028 to 2034.

Furthermore, the market is anticipated to expand at a CAGR of 16.1% over the next five years. This growth is driven by increasing consumer preference for alternatives that mitigate ethical concerns and cruelty associated with traditional meat production. Moreover, health and safety considerations have fueled market growth. With modern consumers prioritizing health, there is a growing demand for meat products free from antibiotics, hormones, and foodborne pathogens. Cultured meat, produced under controlled and hygienic conditions, meets these preferences, driving its adoption and demand in the market.

• Published: May 2024

Cultured Meat Market Size & Share - Future Growth Expectations

The global cultured meat market is estimated at USD 272.4 million in 2023 and is projected to reach USD 6,169.6 million by 2034, at a CAGR of 33.3% from 2028 to 2034. Moreover, it is expected to maintain a CAGR of 16.1% over the next five years, driven by increasing consumer preference for alternatives that circumvent ethical concerns and animal cruelty associated with traditional meat production methods.

Furthermore, health and safety considerations are fueling market expansion. Modern consumers prioritize health and seek meat products devoid of antibiotics, hormones, and the risks of foodborne illnesses. Cultured meat, cultivated in controlled and sterile environments, meets these preferences, driving its demand in the market.

• Published: May 2024

Switchgear Market Size & Share - Future Growth Expectations

The switchgear market is estimated at USD 93.1 billion in 2023, with a projected growth to USD 119.9 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 5.2%. The switchgear market includes a wide range of switchgear types, including low voltage, medium voltage, and high voltage switchgear, as well as various configurations including air-insulated switchgear (AIS), gas-insulated switchgear (GIS), and others. Factors influencing the market include rising electricity consumption, increased investment in renewable energy infrastructure, the growth of power transmission and distribution networks, and technological advancements that result in more efficient and reliable switchgear systems.

• Published: May 2024

Blue Ammonia Industry - Emerging Trends to Fuel the Global Growth

The global blue ammonia market is expected to reach USD 7,664 million by 2030 from an estimated USD 78 million in 2023, at a CAGR of 62.3% during the forecast period. The major factors driving the growth of this market include the growing focus on reducing greenhouse gas emissions and increasing efforts toward empowering hydrogen economy.

• Published: May 2024

Top 10 High & Medium Voltage Products Industry - Forthcoming Trends to Fuel the Global Growth

The global top 10 high and medium voltage products market is projected to reach USD 349.7 billion by 2028 from an estimated USD 264.1 billion in 2023, at a CAGR of 5.8% during the forecast period. Factors like as the requirement for greater offshore wind energy capacity and growing investments in power grid infrastructure are driving demand for high and medium voltage products. Offshore wind farms require specialist transmission infrastructure, such as high voltage undersea cables and offshore substations.

• Published: May 2024

Marine VFD Market Size & Share - Future Growth Expectations

The Marine VFD market is projected to reach USD 1.6 billion by 2030 from an estimated USD 1.1 billion in 2023, at a CAGR of 5.0% during the forecast period. Variable Frequency Drives (VFDs) are electronic devices that control the speed of alternating current motors in a variety of applications, including marine propulsion systems, auxiliary systems, pumps, fans, and other gear on board ships and boats. VFDs allow exact control of motor speed by adjusting the frequency and voltage supplied to the motor, resulting in energy savings, increased efficiency, and greater performance.

• Published: May 2024

EV Charging Cable Industry - Forthcoming Trends to Fuel the Global Growth

The global EV charging cable market is estimated to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As awareness of environmental concerns and the benefits of EVs continues to rise, there has been a significant surge in the adoption of electric vehicles worldwide. This surge has naturally spurred the demand for efficient and innovative charging solutions, leading to a substantial expansion of the EV charging cable market. The market's growth can also be attributed to government incentives and initiatives aimed at promoting clean energy, further encouraging consumers to embrace electric mobility.

• Published: May 2024

EV Charging Cable Market Size & Share - Future Growth Expectations

The EV charging cable industry is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period. As awareness of environmental concerns and the benefits of EVs continues to rise, there has been a significant surge in the adoption of electric vehicles worldwide. This surge has naturally spurred the demand for efficient and innovative charging solutions, leading to a substantial expansion of the EV charging cable market. The market's growth can also be attributed to government incentives and initiatives aimed at promoting clean energy, further encouraging consumers to embrace electric mobility.

• Published: May 2024

Submarine Power Cable Industry - Emerging Trends Making Great Impact

The global submarine power cable market is projected to reach USD 22.3 billion by 2028 from an estimated USD 12.9 billion in 2023, at a CAGR of 11.5% during the forecast period. The submarine power cable market refers to the industry that manufactures, installs, and maintains power cables meant to carry energy underwater. These cables are used for a variety of purposes, including connecting power grids across countries or regions separated by water, connecting offshore renewable energy sources like wind farms or tidal turbines to onshore power grids, and supplying power to offshore oil and gas platforms.

• Published: May 2024

Submarine Power Cable Market Size & Share - Future Growth Expectations

The global submarine power cable market is projected to reach USD 22.3 billion by 2028 from an estimated USD 12.9 billion in 2023, at a CAGR of 11.5% during the forecast period. The submarine power cable industry has grown significantly in recent years, owing to rising demand for renewable energy and the expansion of offshore energy projects. This increase is being driven by the need to integrate offshore wind farms into onshore grids, the development of remote offshore oil and gas fields, and the replacement of aged submarine cables in existing infrastructure.

• Published: May 2024

Usage Based Insurance Industry - Forthcoming Trends to Fuel the Global Growth

The usage based insurance market is projected to reach USD 80.7 billion by 2028 from an estimated USD 30.6 billion in 2023, at a CAGR of 21.4% during the forecast period. The usage based insurance market is witnessing rapid growth owing to an increase in the adoption of telematics devices in the automotive industry, smartphone enabled programs, and increased sales of connected cars. Leading manufacturers and service providers gather and analyze the data using telematics devices or connected car features, which has helped insurance providers assess a driver's risk profile. Additionally, all the UBI companies provide additional discounts on insurance to reward responsible drivers.

• Published: May 2024

Usage Based Insurance Market Size & Share - Future Growth Expectations

The usage based insurance market is projected to reach USD 80.7 billion by 2028 from an estimated USD 30.6 billion in 2023, at a CAGR of 21.4% during the forecast period. The usage based insurance market is witnessing rapid growth owing to an increase in the adoption of telematics devices in the automotive industry, smartphone enabled programs, and increased sales of connected cars. Leading manufacturers and service providers gather and analyze the data using telematics devices or connected car features, which has helped insurance providers assess a driver's risk profile. Additionally, all the UBI companies provide additional discounts on insurance to reward responsible drivers.

• Published: May 2024

Fuel Cell Generator Industry - Emerging Trends to Fuel the Global Growth

The global fuel cell generator market is expected to reach USD 2.1 billion by 2030 from an estimated USD 0.4 billion in 2023, at a CAGR of 25.4% during the forecast period. The major factors driving the growth of this market include the growing demand for cleaner and more sustainable energy solutions, growing need for decentralized power generation, and the government support and incentives.

• Published: May 2024

Automotive Tire Industry - Forthcoming Trends to Fuel the Global Growth

Automotive tire market is projected to grow from USD 19.6 billion in 2023 to USD 21.6 billion by 2028 at a CAGR of 2.1% over the forecast period. The increasing average vehicle age, annual miles driven by light-duty vehicles, improved infrastructure and increased tire replacement miles are driving the growth of tires aftermarket.  Major OEMs of the automotive tire market are from Asia Pacific and Europe. The top 5 OEMs of the automotive tire market are Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire & Rubber Company (US), Michelin (France), and Pirelli & C.S.P.A (Italy). Key players in automotive seats are investing in new technologies such as lightweight material, vegan & synthetic trim material, and advanced seat features to improve fuel efficiency and reduce genuine leather’s environmental impact.

• Published: May 2024

Fuel Cell Generator Market Size & Share - Future Growth Expectations

The global fuel cell generator market size is expected to reach USD 2.1 billion by 2030 from an estimated USD 0.4 billion in 2023, at a CAGR of 25.4% during the forecast period. The major factors driving the growth of this market include the growing demand for cleaner and more sustainable energy solutions, growing need for decentralized power generation, and the government support and incentives.

• Published: May 2024

Automotive Tire Market Size & Share - Future Growth Expectations

The automotive tire industry is projected to grow from USD 19.6 billion in 2023 to USD 21.6 billion in 2028, at a Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period. The increasing average vehicle age, annual miles driven by light-duty vehicles, improved infrastructure and increased tire replacement miles are driving the growth of tires aftermarket.  Major OEMs of the automotive tire market are from Asia Pacific and Europe. The top 5 OEMs of the automotive tire market are Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire & Rubber Company (US), Michelin (France), and Pirelli & C.S.P.A (Italy). Key players in automotive seats are investing in new technologies such as lightweight material, vegan & synthetic trim material, and advanced seat features to improve fuel efficiency and reduce genuine leather’s environmental impact.

• Published: May 2024

AI in Computer Vision Market Share: Driving Innovation and Growth

The global AI in Computer Vision market Share is experiencing remarkable growth, driven by advancements in technology and increasing adoption across various industries. AI in Computer Vision Market Share for AI in Computer Vision is projected to reach USD 45.7 billion by 2028, growing at a CAGR of 21.5% from 2023 to 2028. This growth is fueled by factors such as the rising demand for advanced technologies and the expanding use of AI across industries like healthcare, finance, retail, and emerging technologies like IoT and edge computing.

• Published: May 2024

Avionics Market Share: Driving Innovation in Aerospace

The avionics market is poised for significant growth, driven by the increasing demand for modern aircraft and the need for more fuel-efficient solutions:

The avionics market share, estimated at USD 43.4 billion in 2023, is projected to reach USD 81.8 billion by 2030, with a CAGR of 9.5% from 2023 to 2030. This growth is fueled by factors such as the demand for connected aircraft, technological advancements, and the trend towards autonomous and electric aircraft.

• Published: May 2024

Farm Equipment Industry - Forthcoming Trends to Fuel the Global Growth

The global farm equipment market is projected to grow from USD 107.7 billion in 2023 to USD 136.3 billion by 2028, at a CAGR of 4.8% during the forecast period. The base year for the report is 2021, and the forecast period is from 2023 to 2028. Increasing farm mechanization, demand for food due to increasing population and rising labor costs, especially skilled labor, and growing penetration of electric vehicles and mechanization are driving the growth and advancements in the farm equipment market.

• Published: May 2024

Building Information Modeling Market Share: A Sustainable Approach to Construction

Building Information Modeling (BIM) Market is witnessing significant growth in the construction industry, driven by its role in promoting sustainable development:

• Published: May 2024

Farm Equipment Market Size & Share - Future Growth Expectations

The global farm equipment market is projected to grow from USD 107.7 billion in 2023 to USD 136.3 billion by 2028, at a CAGR of 4.8% during the forecast period. The base year for the report is 2021, and the forecast period is from 2023 to 2028. Increasing farm mechanization, demand for food due to increasing population and rising labor costs, especially skilled labor, and growing penetration of electric vehicles and mechanization are driving the growth and advancements in the farm equipment market.

• Published: May 2024

Machine Vision Market Share

Introduction:

Machine Vision Market Share technology has become a cornerstone in various industries, revolutionizing processes and driving efficiency. This article delves into the current market share of machine vision and the underlying dynamics shaping its growth.

• Published: May 2024

Machine Vision Market Share

Introduction:

Machine Vision Market Share technology has become a cornerstone in various industries, revolutionizing processes and driving efficiency. This article delves into the current market share of machine vision and the underlying dynamics shaping its growth.

• Published: May 2024

Security Solutions Market Share: A Global Overview

The global security solutions market Share is poised for substantial growth, driven by various factors including escalating security threats, heightened awareness of protective measures, and rapid technological advancements. Here’s a closer look at the dynamics shaping the market:

• Published: May 2024

Interactive Display Market Share: Transforming Business and Education

The Interactive Display Market Share is experiencing significant growth, projected to reach USD 16.9 billion by 2029 from USD 12.5 billion in 2024, with a CAGR of 6.3% during the forecast period. These displays offer features that enhance efficiency and productivity across various contexts, driving their widespread adoption.

• Published: May 2024

Interactive Display Market Share: Transforming Business and Education

The Interactive Display Market Share is experiencing significant growth, projected to reach USD 16.9 billion by 2029 from USD 12.5 billion in 2024, with a CAGR of 6.3% during the forecast period. These displays offer features that enhance efficiency and productivity across various contexts, driving their widespread adoption.

• Published: May 2024

Building Automation System Market Share: Transforming Building Management

The global Building Automation System Market Share is experiencing significant growth, driven by the increasing demand for automation and efficiency in building management:

• Published: May 2024

Construction Equipment Industry - Forthcoming Trends to Fuel the Global Growth

The construction equipment market is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction industry is rapidly changing in the wake of exploring the benefits of electric-powered construction equipment which will create a new era of smarter and efficient construction projects.

• Published: May 2024

Marine VFD Industry - Emerging Trends Making Great Impact

The Marine VFD market is expected to grow from an estimated USD 1.1 billion in 2023 to USD 1.6 billion by 2030, at a CAGR of 5.0% during the forecast period. The Marine VFD market caters to a variety of boats, including commercial ships, naval vessels, cruise ships, offshore platforms, and more. Stringent environmental restrictions, the necessity for fuel efficiency, and the demand for improved propulsion systems all contribute to the Marine VFD market's growth.

• Published: May 2024

Circuit Breaker Industry - Emerging Trends to Fuel the Global Growth

The global circuit breaker market is expected to reach USD 8.6 billion by 2028 from an estimated USD 6.5 billion in 2023, at a CAGR of 5.5% during the forecast period. The major factors driving the growth of this market include the increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure.

• Published: May 2024

Frozen Foods Market Size & Share - Future Growth Expectations

The frozen foods market is estimated at USD 284.2 billion in 2023; it is projected to grow at a CAGR of 5.1% to reach USD 363.7 billion by 2028. The changing consumer lifestyles and busier schedules have increased the demand for convenient meal options, and frozen foods provide a quick and easy solution. Advancements in freezing and packaging technologies have improved the quality and shelf life of frozen products, making them more appealing to consumers. Additionally, concerns about food waste and the desire for longer-lasting food items have contributed to the popularity of frozen foods. The expanding variety of healthier frozen options, such as fruits, vegetables, and organic products, aligns with the growing emphasis on health and wellness, further driving the growth of the frozen food market.

• Published: May 2024

Frozen Foods Market - Forthcoming Trends to Fuel the Global Growth

The frozen foods market is estimated at USD 284.2 billion in 2023; it is projected to grow at a CAGR of 5.1% to reach USD 363.7 billion by 2028. The changing consumer lifestyles and busier schedules have increased the demand for convenient meal options, and frozen foods provide a quick and easy solution. Advancements in freezing and packaging technologies have improved the quality and shelf life of frozen products, making them more appealing to consumers. Additionally, concerns about food waste and the desire for longer-lasting food items have contributed to the popularity of frozen foods. The expanding variety of healthier frozen options, such as fruits, vegetables, and organic products, aligns with the growing emphasis on health and wellness, further driving the growth of the frozen food market.

• Published: May 2024

Circuit Breaker Market Size & Share - Future Growth Expectations

The global circuit breaker market size is expected to reach USD 8.6 billion by 2028 from an estimated USD 6.5 billion in 2023, at a CAGR of 5.5% during the forecast period. The major factors driving the growth of this market include the increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure.

• Published: May 2024

Power Management System Industry - Emerging Trends to Fuel the Global Growth

The global power management system market is expected to reach USD 7.5 billion by 2028 from an estimated USD 5.8 billion in 2023, at a CAGR of 5.4% during the forecast period. The major factors driving the growth of this market include Increasing demand for energy efficiency, rising installation of renewables in industries.

• Published: May 2024

Electronic Skin Patch Companies - Abbott (US) and Dexcom, Inc. (US) are the Key Players

The Electronic Skin Patch Market is projected to grow from USD 15.0 billion in 2024 and is projected to reach USD 27.0 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. The growth of the Electronic Skin Patch market is driven by the increase in number of chronic diseases; and rising demand for remote health monitoring solutions.

• Published: May 2024

Power Management System Market Size & Share - Future Growth Expectations

The global power management system market size is expected to reach USD 7.5 billion by 2028 from an estimated USD 5.8 billion in 2023, at a CAGR of 5.4% during the forecast period. The major factors driving the growth of this market include Increasing demand for energy efficiency, rising installation of renewables in industries.

• Published: May 2024

Meat Products Market - Forthcoming Trends to Fuel the Global Growth

The meat products market, currently valued at USD 44.3 billion in 2023 and poised to achieve an 9.2% CAGR, reaching USD 68.9 billion by 2028, is experiencing transformative shifts and innovations. The global market for meat products is an ever-changing and varied segment within the food industry, comprising items such as beef, poultry, pork, lamb, and processed meats. In recent years, there has been a consistent rise in the demand for meat products, propelled by various factors, and this trend shows no signs of slowing down.

• Published: May 2024