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Armored Vehicles Companies - Rheinmetall AG (Germany) and GENERAL DYNAMICS (US) are the Key Players

The armored vehicles market is valued at USD 51.6 billion in 2024 and is projected to reach USD 60.7 billion by 2029, at a CAGR of 3.3% from 2024 to 2029. The armored vehicles market encompasses the production, sale, and maintenance of military vehicles designed to provide protection for personnel and equipment in combat situations. Key drivers fueling market growth include increasing defense budgets, geopolitical tensions, and technological advancements in vehicle protection and firepower. Major players in the market include General Dynamics Corporation, BAE Systems, Rheinmetall AG, Oshkosh Corp., and Hanwha Defense. These industry leaders drive innovation, technology development, and global market competition, shaping the landscape of wheeled armored vehicle procurement and deployment.

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May 3, 2024

Lynas Rare Earths Ltd. (Australia) and Australian Strategic Materials Ltd. (Australia) are Leading Players in the Rare Earth Metals Market

The rare earth metal market size is projected to grow from USD  6.0 billion in 2024 and is projected to reach USD  10.9  Billion by 2029, at a CAGR of 12.6%. The rare earth metals market is witnessing a significant surge, largely propelled by the rising demand for these elements in permanent magnet applications. As these materials become increasingly integral to various industries, especially in technologies like electric vehicles and wind turbines, their importance continues to grow. The Asia Pacific region, particularly China, stands out as the fastest-growing market due to its substantial production and consumption levels. This trend is expected to persist as China maintains its dominant position in the global rare earth metals market. Over the next five years, this dynamic is likely to remain a key driver, shaping the market's trajectory and fueling further growth.

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May 3, 2024

Sika AG (Switzerland) and MAPEI S.p.A. (Italy) are Leading players in the Liquid-Applied Membrane Market

The liquid-applied membrane market is projected to reach USD 32.1 billion by 2029, at a CAGR of 5.9% from USD 24.1 billion in 2024. The growth of the global liquid-applied membrane market in waterproofing is driven by increasing construction activities across commercial, industrial, and residential sectors. The demand for liquid-applied membranes for waterproofing and environmental protection is being propelled by ongoing infrastructure development projects, particularly in emerging economies. Government investments in infrastructure projects such as utilities, transportation, and public facilities are opening up opportunities for the expansion of the liquid-applied membrane market.

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May 3, 2024

Leading Companies in Air Insulated Switchgear Industry - ABB (Switzerland) and Schneider Electric (France)

The global market for air insulated switchgear (AIS) is projected to grow from an estimated USD 67.3 billion in 2024 to USD 85.9 billion by 2029, demonstrating a CAGR of 5.0% during this five-year period. The AIS employs air as an insulating medium. AIS comprises of a casing having an internal volume for housing at least a busbar assembly and a circuit breaker. This metal enclosed or metal clad switchgear consists of components such as live tank circuit breakers, dead tank circuit breakers, current/voltage transformers, disconnectors, switches, and so on.

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May 3, 2024

Virtual Reality Companies - Meta (US) and Sony (Japan) are the Key Players

The global virtual reality market was valued at USD 15.9 billion in 2024 and is projected to reach USD 38.0 billion by 2029; it is expected to register a CAGR of 19.1% during the forecast period. The growing penetration of the Metaverse and Rapid adoption of digital technologies in healthcare and gaming & entertainment sectors are attributed to the ever-increasing demand for virtual reality system. 

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May 3, 2024

Patient Monitoring Devices Industry - Impact of Emerging Trends on Future Growth

The patient monitoring devices market is projected to reach USD 71.1 billion by 2029 from USD 48.5 billion in 2024, growing at a CAGR of 8.0% during the forecast period. Growth in the patient monitoring market is mainly due to an increase in demand for biosensors, remote patient monitoring,  Growing investments and patient benefits such as early detection of disease for treatment.

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May 3, 2024

Patient Monitoring Devices Market Size & Share - Global Future Growth Expectations

The patient monitoring devices market is projected to reach USD 71.1 billion by 2029 from USD 48.5 billion in 2024, growing at a CAGR of 8.0% during the forecast period. Growth in the patient monitoring market is mainly due to an increase in demand for biosensors, remote patient monitoring,  Growing investments and patient benefits such as early detection of disease for treatment.

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May 3, 2024

Bakery Premixes Market Size & Share - Future Growth Expectations

The bakery premixes market is expected to reach USD 544 million in 2028 from USD 406 million in 2023, at a CAGR of 6.0% during the forecast period. A major advantage of bakery premixes is the convenience and time-saving benefits they offer.  For home bakers, premixes eliminate the need to measure out multiple ingredients, simplifying the baking process and reducing the risk of errors. For commercial bakers, premixes can streamline production processes, leading to increased efficiency and output.

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May 3, 2024

Small Modular Reactor Market Size & Share - Future Growth Expectations

The small modular reactor market is estimated to be USD 5.8 billion in 2023 to USD 6.8 billion by 2030, at a CAGR of 2.3% during the forecast period. The factors that drive the market growth include versatile nature of nuclear power and modularization of SMRs. SMRs offer the potential for improved economics. Their smaller scale and standardized designs can lead to cost savings in manufacturing, construction, and maintenance. The modular nature of SMRs enables phased deployment, reducing upfront capital costs and allowing for incremental capacity expansion based on demand.

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May 3, 2024

Small Modular Reactor Industry - Emerging Growth Trends and Their Impact on Industry, Globally

The global small modular reactor market is valued at an estimated USD 5.8 billion in 2024 and is projected to reach USD 6.8 billion by 2030, at a CAGR of 2.3% during the forecast period. With a growing global population and increasing energy needs, there's a continuous demand for reliable and affordable electricity. SMRs offer a scalable solution to meet this demand, providing a stable source of low-carbon energy. Additionally, SMRs enhance energy security by diversifying the energy mix and reducing reliance on fossil fuels, thereby mitigating supply chain risks and geopolitical tensions.

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May 3, 2024

Bakery Premixes Industry - Forthcoming Trends to Fuel the Global Growth

The bakery premixes industry is expected to reach USD 544 million in 2028 from USD 406 million in 2023, at a CAGR of 6.0% during the forecast period. A major advantage of bakery premixes is the convenience and time-saving benefits they offer.  For home bakers, premixes eliminate the need to measure out multiple ingredients, simplifying the baking process and reducing the risk of errors. For commercial bakers, premixes can streamline production processes, leading to increased efficiency and output.

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May 3, 2024

Home Healthcare Industry - Emerging Growth Trends

The global home healthcare market is projected to reach USD 383.0 Billion by 2028 from USD 250.0 Billion in 2023, at a CAGR of 8.9% during the forecast period Growth in this market is primarily driven by expansial growth in the old age population, and the rising incidence of chronic diseases.

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May 3, 2024

Remote Power Panel Industry - Emerging Growth Trends and Their Impact on Industry, Globally

The global remote power panel market is projected to reach USD 1.4 billion by 2028 from an estimated USD 1.1 billion in 2023, at a CAGR of 4.8% during the forecast period. Factors such as increased investments in colocation and hyperscale data centers which is driving the need for power distribution components for proper functioning and monitoring. The increasing demand for electricity in remote places, technological breakthroughs in renewable energy, and the necessity of dependable power sources for key applications have all contributed to the steady growth of the remote power panel market.

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May 3, 2024

Home healthcare Market Size & Share - Global Future Growth Expectations

The global home healthcare market is projected to reach USD 383.0 Billion by 2028 from USD 250.0 Billion in 2023, at a CAGR of 8.9% during the forecast period Growth in this market is primarily driven by expansial growth in the old age population, and the rising incidence of chronic diseases.

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May 3, 2024

Automotive Brake System Industry - Forthcoming Trends to Fuel the Global Growth

The automotive brake system market is estimated to grow from USD 23.5 billion in 2023 to USD 30.1 billion by 2028, at a CAGR of 5.1% during the forecast period. The base year for the report is 2022, and the forecast period is 2023 to 2028. The market is expected to witness rapid growth with the implementation of safety standards in developing countries, particularly China, India, Brazil, etc. Also, the popularity of disc brakes over drum brakes due to their technical benefits drives the automotive brake system market. Further, the growing implementation of country-wise new car assessment programs is anticipated to drive safety features such as electronic braking systems. Lastly, growing sales of premium and luxury vehicles are boosting the electronic braking system market.

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May 3, 2024

Sweeteners Market Size & Share - Future Growth Expectations

The sweeteners market is forecasted to achieve a value of USD 125.1 billion by 2028, marking a notable increase from USD 107.2 billion in 2023, with a CAGR of 3.1% during the 2023-2028 forecast period. This growth is attributed to the wide-ranging applications of sweeteners across industries such as food, beverage, personal care, and pharmaceuticals.

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May 3, 2024

Biostimulants Market - Emerging Trends and Industry Evolution

The biostimulants market is projected to reach USD 7.6 billion by 2029 from USD 4.3 billion by 2024, at a CAGR of 12.0% during the forecast period in terms of value. Biostimulants contain substances that stimulate plant growth, enhance nutrient uptake, and improve stress tolerance, leading to higher crop yields and improved quality. Farmers are increasingly adopting biostimulants to maximize their crop productivity and profitability. Many biostimulants are derived from natural sources and are compatible with organic farming practices. They offer organic growers effective tools to enhance crop productivity and resilience while adhering to organic certification standards.

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May 3, 2024

In Vitro Diagnostics Industry - Emerging Trends Making Great Impact

The global in vitro diagnostics market is projected to reach USD 119.4 billion by 2029 from USD  85.2 billion in 2024, at a CAGR of 6.9% during the forecast period. Factors such as the rising demand for point-of-care testing, and growing preference for personalized medicine, will boost the growth of the In vitro diagnostics market. According to the National Centre for Biotechnology Information (NCBI), Point-of-Care Testing (POCT) is clinical laboratory testing conducted close to the site of patient care where care or treatment is provided. POCT provides rapid turnaround of test results with the potential to generate a result quickly so that appropriate treatment can be undertaken.

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May 3, 2024

Kombucha Market - Emerging Trends and Industry Evolution

The kombucha market is estimated at USD 2.4 billion in 2024 and is projected to reach USD 5.9 billion by 2029, at a CAGR of 19.4 % from 2024 to 2029. The growth of the kombucha industry has been fueled by various factors. Firstly, its perceived health benefits, including probiotic properties that promote gut health, have attracted health-conscious consumers seeking functional beverages. Additionally, as people become more mindful of sugar consumption, kombucha's low-sugar content serves as a healthier alternative to sweetened beverages. The beverage's diverse range of flavors caters to varying tastes, while its vegan and gluten-free nature aligns with dietary preferences. Moreover, kombucha's sustainability and environmental friendliness appeal to consumers concerned about the ecological impact of their choices.

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May 3, 2024

Bottled Water Processing Industry - Forthcoming Trends to Fuel the Global Growth

The bottled water processing market includes both the bottled water market and the bottled water equipment market. In 2023, the bottled water equipment market is estimated to be worth USD 7.2 billion, with a projected growth to USD 9.5 billion by 2028, reflecting a compound annual growth rate (CAGR) of 5.7%. Meanwhile, the bottled water market is valued at USD 311.1 billion in 2023 and is expected to reach USD 457.1 billion by 2028, with a CAGR of 8.0% during the forecast period from 2023 to 2028.

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May 3, 2024

Automotive Brake System Market Size & Share - Future Growth Expectations

The automotive brake system market is estimated to grow from USD 23.5 billion in 2023 to USD 30.1 billion by 2028, at a CAGR of 5.1% during the forecast period. The base year for the report is 2022, and the forecast period is 2023 to 2028. The market is expected to witness rapid growth with the implementation of safety standards in developing countries, particularly China, India, Brazil, etc. Also, the popularity of disc brakes over drum brakes due to their technical benefits drives the automotive brake system market. Further, the growing implementation of country-wise new car assessment programs is anticipated to drive safety features such as electronic braking systems. Lastly, growing sales of premium and luxury vehicles are boosting the electronic braking system market.

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May 3, 2024

In Vitro Diagnostics Market Size & Share - Global Future Growth Expectations

The global in vitro diagnostics market is projected to reach USD 119.4 billion by 2029 from USD  85.2 billion in 2024, at a CAGR of 6.9% during the forecast period. Factors such as the rising demand for point-of-care testing, and growing preference for personalized medicine, will boost the growth of the In vitro diagnostics market. According to the National Centre for Biotechnology Information (NCBI), Point-of-Care Testing (POCT) is clinical laboratory testing conducted close to the site of patient care where care or treatment is provided. POCT provides rapid turnaround of test results with the potential to generate a result quickly so that appropriate treatment can be undertaken.

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May 3, 2024

Collagen Market Size & Share - Future Growth Expectations

The collagen market size valued at USD 5.1 billion in 2023, is experiencing significant growth and is projected to reach USD 7.4 billion by 2030, with a robust compound annual growth rate (CAGR) of 5.3% during this period. This growth is driven by several factors, including increasing demand for collagen due to health and wellness trends, an aging population seeking solutions for age-related issues, the beauty and cosmetics sector's reliance on collagen for anti-aging products, and the incorporation of collagen into functional foods and beverages to meet nutritional needs.

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May 3, 2024

Bottled Water Processing Market Size & Share - Future Growth Expectations

The bottled water processing market includes both the bottled water market and the bottled water equipment market. In 2023, the bottled water equipment market is estimated to be worth USD 7.2 billion, with a projected growth to USD 9.5 billion by 2028, reflecting a CAGR of 5.7%. Meanwhile, the bottled water market is valued at USD 311.1 billion in 2023 and is expected to reach USD 457.1 billion by 2028, with a CAGR of 8.0% during the forecast period from 2023 to 2028.

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May 3, 2024

Vaccines Industry - Forthcoming Trends and Their Impact on Industry Growth

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.

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May 3, 2024

Collagen Industry - Forthcoming Trends to Fuel the Global Growth

The collagen industry valued at USD 5.1 billion in 2023, is experiencing significant growth and is projected to reach USD 7.4 billion by 2030, with a robust compound annual growth rate (CAGR) of 5.3% during this period. This growth is driven by several factors, including increasing demand for collagen due to health and wellness trends, an aging population seeking solutions for age-related issues, the beauty and cosmetics sector's reliance on collagen for anti-aging products, and the incorporation of collagen into functional foods and beverages to meet nutritional needs.

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May 3, 2024

Egg Processing Market - Emerging Trends and Industry Evolution

The egg processing industry, currently valued at USD 37.5 Billion in 2024 and poised to achieve a 4.7% CAGR, reaching USD 47.2 Billion by 2029, is experiencing transformative shifts towards sustainable eco-friendly practices. Exploring sustainable feed sources such as insect-based protein and algae reduces environmental impact and caters to ethical concerns, attracting new customers. Waste reduction technologies minimize costs and create valuable resources from "waste," offering differentiation and market advantages. Switching to renewable energy sources such as solar power reduces dependence on fossil fuels, lowering energy costs and improving profit margins. These practices not only benefit the environment and consumers, but also lead to cost savings, resource efficiency, market growth, and long-term success for the egg processing industry.

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May 3, 2024

Remote Power Panel Market Size & Share - Global Future Growth Expectations

The global remote power panel market is valued at an estimated USD 1.1 billion in 2024 and is projected to reach USD 1.4 billion by 2028, at a CAGR of 4.8% during the forecast period.  The Remote Power Panel Market refers to the sector involved in the production, distribution, and installation of remote power panels. These panels are devices designed to provide power to remote locations or areas where access to conventional power sources may be limited or non-existent. They typically consist of solar panels, batteries, charge controllers, and sometimes wind turbines or other alternative energy sources.

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May 3, 2024

Electric Tractor Industry - Forthcoming Trends to Fuel the Global Growth

The electric tractor market is estimated to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030 at a CAGR of 28.3% during the forecast period. The electric tractor market is increasing due to advancements in battery technology, stringent emission norms, precision agriculture, and incentives for electric tractors. Hence, these factors are driving the electric tractor market.

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May 3, 2024

Solar Encapsulation Market Size & Share - Global Future Growth Expectations

The global Solar Encapsulation Market is projected to reach USD 7.2 billion by 2028 from an estimated USD 4.9 billion in 2023, at a CAGR of 8.0% during the forecast period. The solar encapsulation market refers to the industry segment that deals with the production, distribution, and sale of materials used to encapsulate solar photovoltaic (PV) modules. Solar encapsulation materials are essential components in solar panel manufacturing, as they provide protection to the delicate solar cells from external environmental factors such as moisture, dust, UV radiation, and mechanical damage.

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May 3, 2024

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