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Home › Press Releases
Press Releases
Title | Date |
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Busbar Market worth $19.70 billion by 2029According to a research report "Busbar Market by Material (Copper, Aluminum), Power Rating (Below 125 A, 125-800 A, Above 800 A), Insulation (Laminated, Powder-coated, Bare), Manufacturing Process (Molded, Stamped, Hybrid, Flexible), End-use and Region - Global Forecast to 2029" published by MarketsandMarkets, the global busbar market is expected to grow very rapidly, from an estimated USD 15.10 billion in 2024 to USD 19.70 billion by 2029 at a CAGR of 5.5% over the forecast period. These factors are largely influenced by the rising needs for efficient power distribution systems in industries such as utilities, automotive, and industrial sectors because of increasing electrification and infrastructure development. The growth of the busbar market is also seen to be driven by government policies on encouraging a shift to renewable sources and grid modernization. Those busbars with digital technologies like automation, sensors, and data analytics have improved the processes involved in manufacturing and operating busbars while cutting energy consumption, and material wastage, and increasing efficiency. These developments have reduced costs, improved reliability, and made busbar systems more sustainable, further propelling growth in this market. ...... Read More |
October 10, 2024 |
AI in Social Media Market worth $10.33 billion by 2029According to a research report "AI in Social Media Market by Product Type (Social Media Management (Social Media Listening), Content Generation Type (Text, Video, Image, & Content Idea), Influencer Marketing, Reporting & Analytics, Content Strategy), End User - Global Forecast to 2029" published by MarketsandMarkets, the AI in social media market is projected to grow from USD 2.20 billion in 2024 to USD 10.33 billion by 2029, at a compound annual growth rate (CAGR) of 36.2% during the forecast period. The market is expected to grow due to the rise in the need for more personalized user experiences, optimized advertising, and automated customer service. ...... Read More |
October 10, 2024 |
Breach and Attack Simulation Market worth $2,405.4 million by 2029According to a research report "Breach and Attack Simulation Market by Application (Configuration Management, Patch Management, Threat Intelligence), Vertical (BFSI, Healthcare, IT & ITeS, Education, Manufacturing) - Global Forecast to 2029" published by MarketsandMarkets, the global Breach and Attack Simulation market size is projected to grow from USD 729.2 Million in 2024 to USD 2,405.4 Million by 2029 at a Compound Annual Growth Rate (CAGR) of 27.0% during the forecast period. ...... Read More |
October 10, 2024 |
AI Vision Industry worth $43.02 billion in 2029The report "AI Vision Market by Vision Software (API, SDK), Vision Platform, Behavioral Analysis, Optical Character Recognition, Spatial Analysis, Image Recognition, Heatmap Analysis, Machine Learning, Deep Learning, CNN, Generative AI – Global Forecast to 2029" The global AI vision market is expected to reach USD 43.02 billion in 2029 from USD 14. 85 billion in 2024, at a CAGR of 23.7% during the forecast period. Al vision market is expanding during the forecasted period, driven by the increase in employment of machine learning and generative Al in multiple verticals. In healthcare, machine learning and generative Al provide the ability to improve the diagnostic accuracy of imaging and the use of data for patient monitoring. For In-store and e-commerce solutions, retailers have also adopted Al vision solutions for better inventory management and personnel shopper experience. In logistics and transport, Al Vision Solutions is adapted to focus on the real-time monitoring and automation of systems. Al Vision Solutions also helps monitor work sites and manage job sites in the construction sector. Thus, the rising demand for these technologies in various verticals is driving the Al vision market. ...... Read More |
October 10, 2024 |
Power Electronic Testing Industry worth $9.3 billion by 2029The report "Power Electronic Testing Market by Power Discrete (Diode, Transistor, Thyristor), Power Module, Power Integrated Circuit (IC); Electromagnetic Compatibility (EMC) Testing, Radio Frequency (RF) Testing, Energy Efficiency Testing - Global Forecast to 2029" The global power electronics testing market was valued at USD 5.7 billion in 2024 and is projected to reach USD 9.3 billion by 2029; it is expected to register a CAGR of 10.2% during the forecast period.The growth of the power electronics testing market is fueled by multiple significant factors ranging from fast EV adoption to the increasing demand for renewable energy infrastructures using power electronics for conversion and grid adherence. Widespread adoption of semiconductors such as Silicon Carbide (SiC) and Gallium Nitride (GaN) in high-power applications prompts the necessity for innovative testing methods because of their increased voltage levels and frequencies. Industrial automation and smart grids enhance the demand for dependable and effective power electronics that must pass extensive testing for adherence to international safety measures. ...... Read More |
October 10, 2024 |
Polyethylene Glycol Market worth $5.31 Billion By 2029The report "Polyethylene Glycol Market by Grade, Form (Liquid, White wax, Flake/Powder), Package Size (Drums, Bulk Container, Glass Bottles), End-Use Industry (Pharmaceutical, Cosmetics & Personal care, Food & Beverage, Industrial) & Region - Global Forecast to 2029", Polyethylene Glycol Market Is Projected to Reach USD 5.31 Billion By 2029, At A CAGR Of 6.2% From USD 3.94 Billion In 2024. ...... Read More |
October 9, 2024 |
Humanoid Robot Industry worth $13.25 billion by 2029The report "Humanoid Robot Market by Biped Robots, Wheel Drive Robots, Sensors (Gyroscopes, Accelerometers, Tilt Sensors, Position Sensors, Vision Sensors, Torque Sensors), Actuators (Electrical, Pneumatic, Hydraulic, Piezoelectric) - Global Forecast to 2029" The humanoid robot market to grow from USD 2.03 billion in 2024 and is expected to reach USD 13.25 billion by 2029, growing at a CAGR of 45.5% from 2024 to 2029. The key factors leading to the growth of the humanoid robot market include the increasing demand for humanoid robots for medical applications. There is an increasing demand of humanoid robots in the healthcare industry as they offer assistance to medical professionals as well as enhance the quality of care to the patients. Humanoid robots are being widely deployed in hospitals and medical centers, where they perform a variety of tasks and functions such as collection of patient information, allowing humanoid robots to interact with patients and gather vital data. ...... Read More |
October 9, 2024 |
Quantum Cryptography (QC) Market worth $7.59 billion in 2030According to a research report "Quantum Cryptography (QC) Market by Solution (Quantum Key Distribution (QKD), Quantum Random Number Generators (QRNG), Quantum-safe Cryptography)), Service (Professional, Managed), Security Type (Network, Application, Cloud) - Global Forecast to 2030" published by MarketsandMarkets, the global quantum cryptography market size will grow to USD 1.15 billion by 2024 (forecast year) from USD 7.59 billion in 2030 (estimated year), at a CAGR of 36.8 % during 2024- 2030 period. ...... Read More |
October 9, 2024 |
Feeding Systems Market worth $4.72 billion by 2029According to a research report "Feeding Systems Market by Type (Rail-Guided, Conveyor, Self-Propelled), Offering (Hardware, Software, Services), Technology (Manual, Automatic), Function, Power Source, Farm Size/ Capacity, Livestock, and Region - Global Forecast to 2029" published by MarketsandMarkets, the feeding systems market is estimated at USD 3.22 billion in 2024 and is projected to reach USD 4.72 billion by 2029, at a CAGR of 8.0% from 2024 to 2029. ...... Read More |
October 9, 2024 |
AI as a Service Market worth $72.13 billion by 2029According to a research report "AI as a Service Market by Product Type (Chatbots, ML Framework, API, No Code/Low Code ML Tools), Service Type (Machine Learning as a Service, Natural Language Processing as a Service (Text to Speech), Generative AI as a Service) - Global Forecast to 2029" published by MarketsandMarkets, the market size for AI as a Service (AIaaS) is expected to significantly increase from USD 14.00 billion in 2024 to USD 72.13 billion by 2029 at a CAGR of 38.8% during the forecast period. Increasing demand for cost-effective AI solutions, cloud adoption, and demand for increased business efficiency drive the AI as a Service market. AIaaS plays a key role in helping organizations boost data analytics performance, drive automation, and create more meaningful customer engagement. Furthermore, improvements in machine learning, natural language processes, and the frameworks of AI contribute to the growth of market in all segments of the industries. ...... Read More |
October 8, 2024 |
Automotive Pump Market worth $12.96 billion in 2035According to a research report "Automotive Pump Market by Pump Type, Technology (Electric, Mechanical), Displacement Type, Vehicle Type, Sales Channel (OEM, Aftermarket), EV Type (BEV, HEV, PHEV, FCEV), Off-Highway Vehicles, Application, and Region - Global Forecast to 2035" published by MarketsandMarkets, the global automotive pump market is projected to grow from USD 12.24 billion in 2024 to USD 12.96 billion in 2035, at a CAGR of 0.5%. ...... Read More |
October 8, 2024 |
Data Center Insulation Market worth $1,125.0 million by 2030The report "Data Center Insulation Market by Material (Mineral Wool, PU Foam, PE Foam, Polystyrene Foam, Flexible Elastomeric Foam), Insulation Type (Thermal & Acoustic), Application (Wall & Roof, Raised Floors, Pipes & Ducts) and Region - Global Forecast to 2030", is projected to grow from USD 463.6 million in 2024 to USD 1,125.0 million by 2030, at a CAGR of 15.9% during the forecast period. The data center insulation market has been increasing because of an increasing number of data center facilities, as well as the need for energy efficiency and cost savings, improvements in cooling technology, and strict regulatory standards. Furthermore, a need for high-performance computer systems and state subsidies for energy-saving technologies also facilitate the adoption process. ...... Read More |
October 8, 2024 |
Retimer Industry worth $1,022.2 million by 2029The report "Retimer Market by PCIe (PCIe 1.0, PCIe 2.0, PCIe 3.0, PCIe 4.0, PCIe 5.0, PCIe 6.0), CXL, USB, SATA, HDMI, ThunderBolt, Ethernet, DisplayPort Interfaces, Servers, Storage Devices, Accelerators, Workstations, Routers, Gaming PCs - Global Forecast to 2029" The global retimer market is projected to reach USD 1,022.2 million by 2029 from USD 613.6 million in 2024; it is expected to grow at a CAGR of 10.7%. ...... Read More |
October 8, 2024 |
Metal Organic Frameworks Market worth $1.70 billion by 2030The report "Metal Organic Frameworks Market by Type (Zinc-based, Copper-based, Iron-based, Aluminium-based, Chromium-based), Synthesis Method (Solvothermal/Hydrothermal, Microwave-assisted, Mechanochemical), and Region - Global forecast to 2030", is estimated at USD 0.51 billion in 2024 and is projected to reach USD 1.70 billion by 2030, at a CAGR of 22.1% from 2024 to 2030. ...... Read More |
October 7, 2024 |
AI Governance Market worth $5,776.0 million by 2029According to a research report "AI Governance Market by Functionality (Model Lifecycle Management, Risk & Compliance, Monitoring & Auditing, Ethics & Responsible AI), Product Type (End-to-end AI Governance Platforms, MLOps & LLMOps Tools, Data Privacy Tools) - Global Forecast to 2029" published by MarketsandMarkets, the market for AI governance is anticipated to grow from USD 890.6 million in 2024 to USD 5,776.0 million by the year 2029 at a robust CAGR of 45.3% over the forecast period ...... Read More |
October 7, 2024 |
Food and Beverage Metal Cans Market worth $70.72 billion by 2029According to a research report "Food and Beverage Metal Cans Market by Fabrication Type (2 Piece Cans, 3 Piece Cans), Application (Food and Beverage), Coating Type, Material Type, Beverage Can Capacity, Degree of Internal Pressure, and Region - Global Forecast to 2029" published by MarketsandMarkets, the food and beverage metal cans market is estimated at USD 50.42 billion in 2024 and is projected to reach USD 70.72 billion by 2029, at a CAGR of 7.0% from 2024 to 2029. ...... Read More |
October 7, 2024 |
Access Control as a Service (ACaaS) Industry worth $3.06 billion by 2029The report "Access Control as a Service (ACaaS) Market by Hosted, Managed, Hybrid, Card-based, Biometric Reader, Electronic Lock, Mobile Access, Public & Private Cloud, Single-factor, Two-factor, Multi-factor Authentication, Passwordless - Global Forecast to 2029" The global access control as a service market is expected to be valued at USD 1.34 billion in 2024 and is projected to reach USD 3.06 billion by 2029; it is expected to grow at a CAGR of 17.9% from 2024 to 2029. ...... Read More |
October 7, 2024 |
AIoT Market worth $79.13 billion by 2030According to a research report "AIoT Market by Technology (ML, NLP, Computer Vision, Context Aware AI) and Platforms (IoT Device Management, IoT Application Enablement Platforms, IoT Connectivity Management, IoT Cloud, IoT Advanced Analytics) - Global Forecast to 2030" published by MarketsandMarkets, the AIoT market is projected to grow from USD 18.37 billion in 2024 to USD 79.13 billion by 2030, at a CAGR of 27.6% during the forecast period. The need for AIoT solutions is predicted to grow due to the exponential growth of data generated from IoT devices. As the number of connected IoT devices continues to rise exponentially, there’s an urgent requirement for solid frameworks that can manage and analyze all the data created effectively. The other key factor for enhancing the AIoT market is the need for automation and efficient running of activities. In the modern world, most companies are more orientated towards implementing AIoT systems in their marketing strategies to increase operations' efficiency while decreasing costs. The need to enhance user experience and provide personalization plays an essential role within the growing AIoT market. Making it possible for businesses to respond quickly and in a more personalized manner to their customers' needs when combined with IoT gadgets is appealing to many businesses in this age. ...... Read More |
October 4, 2024 |
System-on-Chip (SoC) Industry worth $205.97 billion by 2029The report "System-on-Chip (SoC) Market by Core Count (Single-core, Dual-core, Quad-core, Hexa-core, Octa-core), Core Architecture (ARM, X86, RISC-V), Device (Smartphone, Tablet, Laptop, Smart TV & STB, Infotainment System, Router, Gateway) - Global Forecast to 2029" The System-on-Chip (SoC) market is projected to grow from USD 138.46 billion in 2024 and is estimated to reach USD 205.97 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.3% from 2024 to 2029. The growth of the System-on-Chip (SoC) market is driven with the increasing trend of SoC in automotive industry along with the adoption of IoT and connected devices that require SoCs to carry out real time processing. Moreover, the surging adoption of AI and machine learning technologies is likely to fuel the demand for system-on-chips. ...... Read More |
October 4, 2024 |
Ammonium Sulfate Market worth $6.19 billion by 2029The report "Ammonium Sulfate Market by Type (Solid, Liquid), Application (Fertilizers, Food & Feed Additives, Pharmaceuticals, Textile Dyeing, Water Treatment), & Region - Global Forecast to 2029", size is projected to grow from USD 5.21 billion in 2024 to USD 6.19 billion by 2029, at a CAGR of 3.5% during the forecast period. ...... Read More |
October 4, 2024 |
Bulk Filtration Market worth $18.76 billion by 2030According to a research report "Bulk Filtration Market by Filtration System (Cartridge, Bag, Filter press, Coalescer), End Use (Heavy Equipment, Machinery & Equipment, Commercial Marine, Power Generation), Mounting Type, Fluid Type, Application, Region - Global Forecast to 2030" published by MarketsandMarkets, the Bulk filtration market is anticipated to grow from estimated USD 13.63 billion in 2024 to USD 18.76 billion by 2030, at a CAGR of 5.5% during the forecast period. The growth in the market will be attributed to the increased industrialization especially in developing region such as Asia Pacific. Regulatory pressures and the need for operational efficiency are prompting many organizations to retrofit their facilities with advanced bulk filtration solutions. The growing demand for sustainable filtration solutions presents a major opportunity in the bulk filtration market, driven by stringent environmental regulations and the rise of the circular economy. Industries are increasingly pressured to adopt cleaner, energy-efficient filtration technologies to reduce waste and emissions. Technological advances in filtration systems have dramatically accelerated the market, as it has been instrumental in making things more efficient and less expensive while diversifying their products and making it more sustainable. ...... Read More |
October 4, 2024 |
Peritoneal Dialysis Market worth $12.70 Billion by 2029The report "Peritoneal Dialysis Market by Offering (Peritoneal Dialysis Solution Bags, Machines), Modality (Continuous Ambulatory Peritoneal Dialysis Center(CAPD)), Disease Indication (End-Stage Renal Disease), End User (Hospitals) - Global Forecast to 2029", is projected to reach USD 12.70 Billion by 2029 from USD 9.58 Billion in 2024 at a CAGR of 5.8% during the forecast period. ...... Read More |
October 4, 2024 |
Diffractive Optical Element Industry worth $388.7 million in 2030The report "Diffractive Optical Element Market by Beam Splitter, Pattern Generator, Diffuser, Lenses, Multilevel DOE, AR/VR, LIDAR, Laser Material Processing, Biomedical Devices, Holography, Spectroscopy, Metrology & Industrial Inspection - Global Forecast to 2030" The global diffractive optical element market is expected to reach USD 388.7 million in 2030 from USD 220.9 million in 2024, at a CAGR of 9.9% during the forecast period. DOEs are rapidly becoming a major component in the development of recent emerging technologies such as AR, VR, and automotive systems. In AR/VR devices, DOEs play a part toward producing high-quality visual experiences with an efficient light management in compact, lightweight optics. This is crucial to generating high-quality dynamic images in headsets and holographic displays. DOEs also enable the development of head-up displays that project vital information into windshields, thus improving safety and experience for drivers. Thus rising demand for these technologies boosts the demand for DOEs in these sectors. ...... Read More |
October 3, 2024 |
Green Methanol Ships Industry worth $30.98 billion in 2035The report "Green Methanol Ships Market by Ship Type (Cruise Ships, Container Vessels, Bulk Carriers, Tankers, Dry Cargo Ships, Tugs & Workboats), Type (Single Fuel, Dual Fuel), Sales Channel (Newly Built & Linefit, Retrofit) and Region - Global Forecast to 2035" The green methanol newly built vessels delivery is expected to be 30 units in 2025 to 274 units in 2035, while the green methanol vessels that are retrofitted are expected to be 4 units in 2025 to 213 in 2035. The green methanol ships market is estimated to be USD 4.29 billion in 2025 and is projected to reach USD 15.25 billion by 2030 at a CAGR of 28.9% from 2025 to 2030 and USD 30.98 billion in 2035 with a CAGR of 12.2% during 2031 to 2035 , with a CAGR of 21.9% from 2025-2035. ...... Read More |
October 3, 2024 |
Student Information System Market worth $32.04 billion by 2029According to a research report "Student Information System Market by Platform Module (Academic Management, Financial Management, Communication & Engagement, Core Student Administration (Student Record Management, Timetable Management, Attendance Tracking)) - Global Forecast to 2029" published by MarketsandMarkets, the global student information system market will grow from USD 15.33 billion in 2024 to USD 32.04 billion by 2029 at a compounded annual growth rate (CAGR) of 15.9% during the forecast period. DBMS, Cloud Computing, and UI/UX are cardinal technologies that help sustain the SIS platforms. DBMS assists in organizing student data and facilitates storage of data concerning the students' data, including academic records, attendance, and financial transactions, among others, in an organized and easily retrievable approach. SIS platforms use relational databases that allow speedy extraction or retrieval of data, keep check-and-balance of the integrity levels of data, and ensure accuracy in adorning day-to-day academic and administrative administrative operations. ...... Read More |
October 3, 2024 |
Ion Exchange Resins Market worth $2.83 billion by 2030The report "Ion Exchange Resins Market by Type (Cationic Resins, Anionic Resins), Application (Water, Non-Water), End-Use Industry (Power, Chemical & Petrochemical, Pharmaceutical, Food & Beverage), and Region- Global Forecast to 2030", size is projected to grow from USD 2.13 billion in 2024 to USD 2.83 billion by 2030, registering a CAGR of 4.8% during the forecast period. ...... Read More |
October 3, 2024 |
Clinical Trial Imaging Market worth $2.07 billion by 2029The report "Clinical Trial Imaging Market by Software & Service (Operational Imaging, Trial Design), Modality (CT, MRI, X-Ray, PET, Ultrasound), Therapeutic Area (Infectious, Oncology, CNS, CVD), End User (Pharma, Biotech, CROs) - Global Forecast to 2029", is projected to reach USD 2.07 billion by 2029 from USD 1.42 billion in 2024, at a CAGR of 7.8%. ...... Read More |
October 3, 2024 |
Bioadhesives Market worth $14.60 billion by 2029The report "Bioadhesives Market by Product Type (Natural, Synthetic), Type (Plant-base, Animal-based), Application (Paper & Packaging, Construction, Woodworking, Medical, Personal Care), and Region - Global Forecast to 2029", is projected to reach a market size of USD 14.60 billion by 2029 from USD 9.65 billion in 2024, at a CAGR of 8.6%. Europe is accounted for largest share of bioadhesives market. The demand for bioadhesives is experiencing significant growth across various applications, including paper & packaging, construction, woodworking, medical, personal care, and more. Emerging nations such as Germany, UK, France, China, Japan, India, and US, are expected to play a crucial role in driving the bioadhesives market forward. ...... Read More |
October 2, 2024 |
Data Center Infrastructure Management Market worth $5.01 billion by 2029According to a research report "Data Center Infrastructure Management Market by DCIM Software (Monitoring, Operations & Management) and Functionality (Asset Management, Operational Monitoring, Performance Optimization, Configuration, Reporting & Dashboards) - Global Forecast to 2029" published by MarketsandMarkets, the Data Center Infrastructure Management Market is expected to grow from USD 3.02 billion in 2024 to USD 5.01 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The increasing use of AI and machine learning is expected to fuel substantial expansion in the worldwide Data Center Infrastructure Management (DCIM) market. Organizations are increasingly looking for DCIM solutions in sectors such as IT, finance, and healthcare to improve scalability, operational efficiency, and cost optimization. Greater investment in automation and advanced analytics technologies will speed up market growth, resulting in better infrastructure management and real-time data processing. These advancements will enhance decision-making, optimize resource use, and manage data center operations proactively. Therefore, DCIM will keep developing to cater to the requirements of contemporary businesses, driving forthcoming market expansion. ...... Read More |
October 2, 2024 |
Biopesticides Market worth $15.66 billion by 2029According to a research report "Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bionematicides), Crop Type (Cereals & Grains, Oilseeds & Pulses), Formulation (Liquid and Dry), Source (Microbials, Biochemicals), Mode of Application, & Region - Global Forecast to 2029" published by MarketsandMarkets, the global biopesticides market is estimated at USD 7.72 billion in 2024 and is projected to reach USD 15.66 billion by 2029, at a CAGR of 15.2% during the forecast period. Increasing demand for sustainable and eco-friendly agricultural solutions is one of the driving forces in the biopesticides market. Growing concern for the environmental impact of synthetic chemicals, coupled with stringent government regulations on the use of chemical pesticides, accelerates the shift towards biopesticides. In addition, the growing awareness among farmers and consumers about the benefits from biological crop protection, such as less residue and better soil health, increases the pace of market growth. Biotechnological advances and formulation of more efficient biopesticides lead to better adoption in most agricultural sectors. ...... Read More |
October 2, 2024 |
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