Research Insight

Top 10 Food Safety Testing and Technologies Trends, Size & Share - Future Growth Expectations

The food safety testing market size is projected to grow at a CAGR of 8.2% from an estimated value of USD 22.7 billion in 2023 to reach USD 33.7 billion by 2028. The food safety testing market is experiencing growth due to various factors. These include the global nature of the food supply chain has increased the complexity of ensuring food safety. With food products crossing international borders, there is a need for standardized testing and quality assurance protocols to ensure that products meet safety standards.

• Published: May 2024

Transformer Monitoring Industry - Emerging Trends to Fuel the Global Growth

The global transformer monitoring market is expected to reach USD 3.7 billion by 2028 from an estimated USD 2.4 billion in 2023, at a CAGR of 9.1% during the forecast period. The major factors driving the growth of this market include the systems ensure proactive maintenance by detecting and addressing potential issues, minimizing downtime, and optimizing transformer performance, thereby enhancing reliability and reducing overall operational costs for power utilities.

• Published: May 2024

Transformer Monitoring Market Size & Share - Future Growth Expectations

The global transformer monitoring market size is expected to reach USD 3.7 billion by 2028 from an estimated USD 2.4 billion in 2023, at a CAGR of 9.1% during the forecast period. The major factors driving the growth of this market include the systems ensure proactive maintenance by detecting and addressing potential issues, minimizing downtime, and optimizing transformer performance, thereby enhancing reliability and reducing overall operational costs for power utilities.

• Published: May 2024

Top Companies in Electric Commercial Vehicle Traction Motor Industry - ZF Friedrichshafen AG (Germany), Dana Limited (US), Robert Bosch GmbH (Germany), Magna International Inc. (Germany) and Allison Transmission, Inc. (US) are Leading Players

The global Electric Commercial Vehicle Traction Motor market is projected to grow from USD 2.1 billion in 2024 to USD 9.8 billion by 2030, registering a CAGR of 28.8%. The electric commercial vehicle (ECV) traction motor market for vehicles such as trucks, pickup trucks, vans and buses is experiencing a surge fueled by significant driver the global push towards sustainability and reducing carbon emissions. With governments imposing stricter regulations on vehicle emissions, manufacturers are increasingly turning to electric propulsion systems. This shift towards electrification has propelled the demand for ECV traction motors, as they offer a cleaner and more efficient alternative to traditional internal combustion engines. Additionally, advancements in battery technology have extended the range and improved the performance of electric vehicles, further boosting the adoption of ECV traction motors.

• Published: May 2024

Top 10 Food Safety Testing and Technologies Trends Industry - Forthcoming Trends to Fuel the Global Growth

• Published: May 2024

Passenger Car Seat Market Size & Share - Future Growth Expectations

The passenger car seat market is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period. The growth of this market can be attributed due to rising adoption of powered seats in mid segments and SUVs with growing demand for premium cars is driving the passenger car seats market.

• Published: May 2024

Motor Monitoring Industry - Forthcoming Trends to Fuel the Global Growth

The motor monitoring market is expected to grow from an estimated USD 2.3 billion in 2023 to USD 3.5 billion by 2028, at a CAGR of 8.7% during the forecast period. Solutions for motor monitoring can vary from simple systems that track variables like temperature, vibration, and current to more sophisticated ones that use artificial intelligence, machine learning, and predictive maintenance algorithms to anticipate possible problems and maximize motor performance.

• Published: May 2024

Biomethane Industry - Emerging Trends to Fuel the Global Growth

The global biomethane market is expected to reach USD 60.2 billion by 2030 from an estimated USD 10.3 billion in 2023, at a CAGR of 28.7% during the forecast period. The major factors driving the growth of this market include the increasing global focus on renewable energy sources, prompting governments and organizations worldwide to implement policies and incentives that encourage the adoption of renewable energy, particularly biomethane.

• Published: May 2024

Biomethane Market Size & Share - Future Growth Expectations

The global biomethane market size is expected to reach USD 60.2 billion by 2030 from an estimated USD 10.3 billion in 2023, at a CAGR of 28.7% during the forecast period. The major factors driving the growth of this market include the increasing global focus on renewable energy sources, prompting governments and organizations worldwide to implement policies and incentives that encourage the adoption of renewable energy, particularly biomethane.

• Published: May 2024

In-vehicle Infotainment Industry - Forthcoming Trends to Fuel the Global Growth

The in-vehicle infotainment market is projected to grow from USD  16.4 billion in 2023 to USD  28.3 billion by 2028, at a CAGR of 11.6%. Growth in entertainment, safety & security, and navigation services, Increase in demand for rear-seat entertainment, and Growth of the smartphone industry and use of cloud technologies are driving the growth and advancements in the in-vehicle infotainment market.

• Published: May 2024

Companion Diagnostics Industry - Emerging Trends to Feed Global Innovations

The global companion diagnostics market is projected to reach USD 13.6 billion by 2029 from USD 7.5 billion in 2024, at a CAGR of 12.6% during the forecast period. The primary drivers of growth in this market include significant drug development efforts, well-established regulatory frameworks in the region, a sizable population undergoing advanced medical testing, and policy initiatives aimed at delivering effective care to cancer patients.

• Published: May 2024

In-vehicle Infotainment Market Size & Share - Future Growth Expectations

The in-vehicle infotainment market is projected to grow from USD  16.4 billion in 2023 to USD  28.3 billion by 2028, at a CAGR of 11.6%. Growth in entertainment, safety & security, and navigation services, Increase in demand for rear-seat entertainment, and Growth of the smartphone industry and use of cloud technologies are driving the growth and advancements in the in-vehicle infotainment market.

• Published: May 2024

Companion Diagnostics Market Size & Share - Global Future Growth Expectations

The global companion diagnostics market is projected to reach USD 13.6 billion by 2029 from USD 7.5 billion in 2024, at a CAGR of 12.6% during the forecast period. The primary drivers of growth in this market include significant drug development efforts, well-established regulatory frameworks in the region, a sizable population undergoing advanced medical testing, and policy initiatives aimed at delivering effective care to cancer patients.

• Published: May 2024

Telehealth & Telemedicine Industry - Emerging Trends to Make Great Impact on Global Growth

The telehealth and telemedicine market is projected to reach a valuation of USD 120.4 billion in 2023, with an anticipated surge to USD 285.7 billion by 2028, exhibiting a CAGR of 23.2% throughout the forecast period. Growth in the telehealth and telemedicine market is mainly driven by factors such as the rising population, the increasing need to expand healthcare access, the growing prevalence of chronic diseases and conditions, a shortage of physicians, advancements in telecommunications, the rising level of government support, and increasing awareness. However, regional variations in regulations, fraud, and the use of social media for care provision will affect market growth negatively during the forecast period.

• Published: May 2024

Telehealth & Telemedicine Market Size & Share - Global Future Growth Opportunities

The telehealth and telemedicine market is projected to reach a valuation of USD 120.4 billion in 2023, with an anticipated surge to USD 285.7 billion by 2028, exhibiting a CAGR of 23.2% throughout the forecast period. Growth in the telehealth and telemedicine market is mainly driven by factors such as the rising population, the increasing need to expand healthcare access, the growing prevalence of chronic diseases and conditions, a shortage of physicians, advancements in telecommunications, the rising level of government support, and increasing awareness. However, regional variations in regulations, fraud, and the use of social media for care provision will affect market growth negatively during the forecast period.

• Published: May 2024

Automotive Interior Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

• Published: May 2024

Battery Swapping Industry - Forthcoming Trends to Fuel the Global Growth

The battery swapping market is projected to grow from USD 1.7 billion in 2022 to USD 11.8 billion by 2027, at a CAGR of 46.9% during the forecast period. Battery swap systems come with integrated CAN (Controller Area Network) and IoT that make continuous tracking of batteries possible. BSOs (Battery swapping operators) utilize these tracking data to calculate current demand and distribute battery stock as efficiently as possible to their swap stations. The BSO can also record driver behavior and identify driving styles thanks to IoT patterns that affect the battery's rate of discharge. Additionally, this information can be used to create specialized subscription plans, insurance policies, and financial items about the vehicle.

• Published: May 2024

Automotive Interior Market Size & Share - Future Growth Expectations

The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. In the near future, demand for automotive interior is expected  due rising customer preferences for comfort and luxury in vehicles.

• Published: May 2024

Electric Powertrain Industry - Forthcoming Trends to Fuel the Global Growth

The electric powertrain market size is projected to reach USD 230.5 billion by 2030, from an estimated USD 96.7 billion in 2023, at a CAGR of 13.2%. The market is driven by factors such as an increased focus on the adoption of electric vehicles worldwide owing to the environmental benefits they offer and the strict government regulations that focus on reducing emissions emitted by conventional engines.

• Published: May 2024

Point of Care Diagnostics Market Size & Share - Global Future Growth Expectations

The global point-of-care diagnostics market is expected to reach USD 77.8 billion by 2028 from an estimated USD 49.7 billion in 2023, at a CAGR of 9.4% from 2023 to 2028.

• Published: May 2024

Oil Immersed Power Transformer Industry - Emerging Trends to Fuel the Global Growth

The global oil immersed power transformer market is expected to reach USD 28.3 billion by 2028 from an estimated USD 21.2 billion in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the rising electricity demand, ongoing infrastructure development, and industrialization worldwide.

• Published: May 2024

Wireless Charging Industry - Forthcoming Trends to Fuel the Global Growth

The wireless charging market is estimated to be worth USD 6.4 billion in 2024 and is projected to reach USD 16.0 billion by 2029 at a CAGR of 20.3% during the forecast period. The market growth for wireless charging is attributed to the increasing demand for wireless charging in electric vehicles, rising demand of smart and portable devices.

• Published: May 2024

Oil Immersed Power Transformer Market Size & Share - Future Growth Expectations

The global oil immersed power transformer market size is expected to reach USD 28.3 billion by 2028 from an estimated USD 21.2 billion in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the rising electricity demand, ongoing infrastructure development, and industrialization worldwide.

• Published: May 2024

Wireless Charging Market Size & Share - Future Growth Expectations

The wireless charging market is estimated to be worth USD 6.4 billion in 2024 and is projected to reach USD 16.0 billion by 2029 at a CAGR of 20.3% during the forecast period. The market growth for wireless charging is attributed to the increasing demand for wireless charging in electric vehicles, rising demand of smart and portable devices.

• Published: May 2024

Hybrid Train Market Size & Share - Future Growth Expectations

The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. The hybrid train market is witnessing a remarkable surge in demand, propelled by a combination of influential factors that are fundamentally reshaping the landscape of rail transportation. In a world marked by rapid urbanization and an escalating need for energy-efficient solutions, hybrid trains have emerged as a transformative force within the industry. This surge in demand is further reinforced by the unwavering commitment of governments and regulatory bodies to champion eco-friendly transportation alternatives, underscoring the critical importance of reducing carbon emissions. As urban areas continue to expand, and environmental concerns take center stage, hybrid trains are leading the charge toward a new era of cleaner, more efficient, and sustainable rail travel, expertly poised to meet the dynamic demands of the modern world.

• Published: May 2024

Automotive Green Tires Industry - Forthcoming Trends to Fuel the Global Growth

The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

• Published: May 2024

Laminated Busbar Industry - Emerging Trends to Fuel the Global Growth

The global laminated busbar market is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

• Published: May 2024

Laminated Busbar Market Size & Share - Future Growth Expectations

The global laminated busbar market size is expected to reach USD 1,296 million by 2030 from an estimated USD 863 million in 2023, at a CAGR of 6.0% during the forecast period. The major factors driving the growth of this market include the infrastructure modernization, growing electricity demand, renewable energy projects, energy efficiency prioritization, technological advancements and adoption of electric vehicle.

• Published: May 2024

Hybrid Train Industry - Forthcoming Trends to Fuel the Global Growth

The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. The hybrid train market is witnessing a remarkable surge in demand, propelled by a combination of influential factors that are fundamentally reshaping the landscape of rail transportation. In a world marked by rapid urbanization and an escalating need for energy-efficient solutions, hybrid trains have emerged as a transformative force within the industry. This surge in demand is further reinforced by the unwavering commitment of governments and regulatory bodies to champion eco-friendly transportation alternatives, underscoring the critical importance of reducing carbon emissions. As urban areas continue to expand, and environmental concerns take center stage, hybrid trains are leading the charge toward a new era of cleaner, more efficient, and sustainable rail travel, expertly poised to meet the dynamic demands of the modern world.

• Published: May 2024

Automotive Green Tires Market Size & Share - Future Growth Expectations

The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. There is a rise in concern regarding the various factors affecting the fuel efficiency and emissions of greenhouse gases into the atmosphere. In order to combat this, governments across the globe have started several initiatives to reduce fuel consumption and release of greenhouse gases. The use of green tires will significantly work toward achieving these targets, as these tires help reduce CO2 emissions.

• Published: May 2024

Vaccines Market Size & Share - Global Future Growth Expectations

The vaccines market (including COVID-19 vaccines)  is projected to reach USD 94.9 Billion by 2029 from USD 78.0 Billion in 2024, at a CAGR of 4.0% during the forecast period. Similarly the vaccines market (excluding COVID-19 vaccines) is projected to reach USD 80.3 Billion by 2029 from USD 53.0 Billion in 2024, at a CAGR of 8.7% during the forecast period. Technological advancements in vaccine development, increasing government initiatives for immunization programs and expanding investments in research and development are some of the factors driving growth of vaccines market.

• Published: May 2024

Healthcare Simulation Industry - Emerging Trends Making Great Impact

The global healthcare simulation market is projected to reach USD 4.6 billion by 2028 from USD 2.2 billion in 2023, at a high CAGR of 15.7% during the forecast period. The expansion of this market is fueled by the increasing adoption of advanced techniques and methodologies in delivering medical education, along with restricted patient access during medical training. Nevertheless, the market's growth is anticipated to be somewhat hampered by the constrained availability of funds and incomplete replication of medical simulators.

• Published: May 2024

Automotive Turbocharger Industry - Forthcoming Trends to Fuel the Global Growth

The automotive turbocharger market is projected to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030, at a CAGR of 7.1%. The growth in automotive turbocharger market is fueled by reduction in NOx limits within emission regulations, rising consumer demand for gasoline-powered passenger vehicles, and advancements in electric turbocharger technology.

• Published: May 2024

Healthcare Simulation Market Size & Share - Global Future Growth Predictions

The global healthcare simulation market is projected to reach USD 4.6 billion by 2028 from USD 2.2 billion in 2023, at a high CAGR of 15.7% during the forecast period. The expansion of this market is fueled by the increasing adoption of advanced techniques and methodologies in delivering medical education, along with restricted patient access during medical training. Nevertheless, the market's growth is anticipated to be somewhat hampered by the constrained availability of funds and incomplete replication of medical simulators.

• Published: May 2024

Marine Engines Market - Size & Share - Global Future Growth Expectations

The global marine engines market is estimated at USD 13.1 billion in 2024, with a projected growth to USD 15.2 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 3.0%. Global trade patterns, increased maritime tourism, pollution and fuel efficiency standards, technology breakthroughs, and trends toward more sustainable and ecologically friendly propulsion systems all have an impact on the marine engine business.

• Published: May 2024

Marine Engines Industry - Emerging Trends Making Great Impact

The global marine engines market is estimated at USD 13.1 billion in 2024, with a projected growth to USD 15.2 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 3.0%. The market for marine engines is influenced by various factors including global trade patterns, growth in maritime tourism, regulations on emissions and fuel efficiency, technological advancements, and shifts towards more sustainable and environmentally friendly propulsion systems.

• Published: May 2024

Automotive Turbocharger Market Size & Share - Future Growth Expectations

The automotive turbocharger market is projected to grow from USD 15.2 billion in 2024 to USD 22.9 billion by 2030, at a CAGR of 7.1%. The growth in automotive turbocharger market is fueled by reduction in NOx limits within emission regulations, rising consumer demand for gasoline-powered passenger vehicles, and advancements in electric turbocharger technology.

• Published: May 2024

Direct Air Capture Industry - Emerging Trends to Fuel the Global Growth

The global direct air capture market is expected to reach USD 1,727 million by 2030 from an estimated USD 62 million in 2023, at a CAGR of 60.9% during the forecast period. The major factors driving the growth of this market include the growing emphasis on net-zero emission, stringent regulations, and favourable government policies.

• Published: May 2024

Direct Air Capture Market Size & Share - Future Growth Expectations

The global direct air capture market size is expected to reach USD 1,727 million by 2030 from an estimated USD 62 million in 2023, at a CAGR of 60.9% during the forecast period. The major factors driving the growth of this market include the growing emphasis on net-zero emission, stringent regulations, and favourable government policies.

• Published: May 2024

Waste Management Industry - Emerging Trends Making Great Impact

The global Waste Management Market is projected to reach USD 1598.1 billion by 2029 from an estimated USD 1219.6 billion in 2024, at a CAGR of 5.6% during the forecast period. With increased environmental concerns and regulations around the world, there is a greater demand for effective waste management solutions. This market is divided into areas such as municipal, industrial, commercial, and hazardous waste management. Key industry participants provide a variety of services, including waste collection, recycling facilities, landfill management, and waste-to-energy technology. Technological advancements and the adoption of sustainable practices are driving waste management innovation, opening up new prospects for growth and investment.

• Published: May 2024

IoT Medical Devices Industry - Forthcoming Trends to Boost Global Growth

The global IoT medical devices market is projected to reach USD 166.5 billion by 2028 from USD 41.5 billion in 2023, at a high CAGR of 32.1% during the forecast period. Gradual shift in trends in the healthcare industry have resulted in predictable outcomes and care quality has supported the higher implementation of various IT systems in healthcare organizations. Market growth in this sector is propelled by several factors. Factors such as government initiatives aimed at promoting digital health, the increasing demand for cost containment in healthcare delivery, a growing emphasis on active patient engagement and patient-centric healthcare, the advancement of high-speed networking technologies, and the expanding penetration of mobile platforms in healthcare are all driving forces. Additionally, there is a rising focus on patient safety, which is expected to contribute to market growth throughout the forecast period. However, certain factors may impede the growth of the market to some extent. The high deployment costs associated with connected medical devices and the required infrastructure pose a challenge. Additionally, the lack of sufficient technical expertise pertaining to IoT medical devices acts as a restraint on market growth.

• Published: May 2024

Automotive E-Compressor Industry - Forthcoming Trends to Fuel the Global Growth

The automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% during the forecast period. With the growing popularity of electric vehicles, automotive manufacturers are scaling up their production of electric models, leading to an increased demand for e-compressors. These components are critical to the efficient operation of the climate control systems found in electric vehicles. Contrary to traditional ICE vehicles, electric vehicles rely on e-compressors to manage air conditioning and heating functions. As the global automotive industry continues to shift toward electrification, with more automakers investing in EV technology and expanding their product lines, the demand for e-compressors is expected to surge.

• Published: May 2024

Waste Management Market Size & Share - Future Growth Expectations

The global Waste Management Market is projected to reach USD 1598.1 billion by 2029 from an estimated USD 1219.6 billion in 2024, at a CAGR of 5.6% during the forecast period. With rising environmental concerns and regulatory demands worldwide, there is a growing demand for effective waste management solutions. Key firms provide garbage collection, recycling facilities, landfill management, and waste-to-energy technology. Technological advancements and a focus on sustainability are driving industrial innovation, opening up new potential for growth and investment.

• Published: May 2024

IoT Medical Devices Market Size & Share - Global Future Growth Expectations

The global IoT medical devices market is projected to reach USD 166.5 billion by 2028 from USD 41.5 billion in 2023, at a high CAGR of 32.1% during the forecast period. Gradual shift in trends in the healthcare industry have resulted in predictable outcomes and care quality has supported the higher implementation of various IT systems in healthcare organizations. Market growth in this sector is propelled by several factors. Factors such as government initiatives aimed at promoting digital health, the increasing demand for cost containment in healthcare delivery, a growing emphasis on active patient engagement and patient-centric healthcare, the advancement of high-speed networking technologies, and the expanding penetration of mobile platforms in healthcare are all driving forces. Additionally, there is a rising focus on patient safety, which is expected to contribute to market growth throughout the forecast period. However, certain factors may impede the growth of the market to some extent. The high deployment costs associated with connected medical devices and the required infrastructure pose a challenge. Additionally, the lack of sufficient technical expertise pertaining to IoT medical devices acts as a restraint on market growth.

• Published: May 2024

Automotive E-Compressor Market Size & Share - Future Growth Expectations

The automotive e-compressor market is projected to reach USD 18.9 billion by 2033, from an estimated USD 6.6 billion in 2024, at a CAGR of 12.5% during the forecast period. With the growing popularity of electric vehicles, automotive manufacturers are scaling up their production of electric models, leading to an increased demand for e-compressors. These components are critical to the efficient operation of the climate control systems found in electric vehicles. Contrary to traditional ICE vehicles, electric vehicles rely on e-compressors to manage air conditioning and heating functions. As the global automotive industry continues to shift toward electrification, with more automakers investing in EV technology and expanding their product lines, the demand for e-compressors is expected to surge.

• Published: May 2024

Hydrogen Storage Tanks and Transportation Industry - Emerging Trends Making Great Impact

The global Hydrogen Storage Tank and Transportation market is expected to reach USD 4.4 billion by 2030, up from an anticipated USD 0.3 billion in 2024, at a CAGR of 52.4% over the forecast period. The market for hydrogen storage tanks and transportation is being driven by rising demand for hydrogen as a clean energy carrier in a variety of industries, including transportation, manufacturing, and electricity generation. As governments and industry throughout the world work to cut carbon emissions and migrate to cleaner energy sources, hydrogen is emerging as a possible answer due to its versatility and potential for zero-emission applications.

• Published: May 2024

Hydrogen Storage Tanks and Transportation Market Size & Share - Future Growth Expectations

The global Hydrogen Storage Tank and Transportation market is expected to reach USD 4.4 billion by 2030, up from an anticipated USD 0.3 billion in 2024, at a CAGR of 52.4% over the forecast period. The market for hydrogen storage tanks and transportation is predicted to expand as hydrogen plays an increasingly important part in the global energy transition. However, important problems like as infrastructure development, technical standardization, and cost competitiveness remain to be overcome in order to fully realize hydrogen's promise as a clean energy vector.

• Published: May 2024

Power SCADA Industry - Emerging Trends to Fuel the Global Growth

The global power SCADA market is expected to reach USD 2.9 billion by 2028 from an estimated USD 2.1 billion in 2023, at a CAGR of 7.1% during the forecast period. The major factors driving the growth of this market include the growing complexities of power networks, and an increasing demand for efficient and reliable monitoring and control of power distribution systems.

• Published: May 2024

Power SCADA Market Size & Share - Future Growth Expectations

The global power SCADA market is expected to reach USD 2.9 billion by 2028 from an estimated USD 2.1 billion in 2023, at a CAGR of 7.1% during the forecast period. The major factors driving the growth of this market include the growing complexities of power networks, and an increasing demand for efficient and reliable monitoring and control of power distribution systems.

• Published: May 2024

Clinical Trial Imaging Industry - Emerging Trends Making Great Impact

The global clinical trial imaging market is projected to reach USD 1.9 billion by 2028 from USD 1.3 billion in 2023, at a CAGR of 7.8% during the forecast period. The expansion of the clinical trial imaging market is primarily propelled by factors like heightened expenditure on research and development, the upsurge in the pharmaceutical and biotechnology sector, and the proliferation of Contract Research Organizations (CROs). However, the substantial expenses associated with implementing imaging systems and conducting clinical trials stand out as significant obstacles impeding the market's progress.

• Published: May 2024