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Industrial Vehicles Market worth $54.3 billion by 2027

According to a research report "Industrial Vehicles Market in terms of Vehicle Type, Drive Type (ICE, Battery-operated, Gas-powered), Application, Capacity, Level of Autonomy, Aerial Work Platform (Boom Lifts, Scissor Lifts) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global Industrial Vehicles Market is projected to grow from USD 43.7 billion in 2022 to USD 54.3 billion by 2027, at a CAGR of 4.5%.

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May 19, 2022

Functional Safety Industry worth $7.2 billion by 2027

According to the new market research report Functional Safety Market by System (ESD, F&G, TMC, BMS, HIPPS, SCADA, DCS), Device (Safety Sensors, Safety Controllers, Programmable Safety Systems, Safety Switches, Emergency Stop Devices), Sales Channel, Industry & Region - Global Forecast to 2027”, the global functional safety market size is projected to grow from USD 5.2 billion in 2022 to USD 7.2 billion by 2027 at CAGR of 6.8% during the forecast period. Every functional safety system is designed in a way that when combined, it can achieve the overall SIL of the complete loop. Owing to these factors, the adoption of functional safety systems is surging in the oil & gas industry, consequently driving the growth of the market.

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May 19, 2022

Military Battery Industry worth $1.6 billion by 2027

According to a research report "Military Battery Market by Type (Rechargeable, Non-rechargeable), Installation (OEM, Aftermarket), Application (Propulsion, Non-propulsion), Platform (Ground, Airborne, Marine), Composition, Voltage, Power Density and Region - Global Forecast to 2027" published by MarketsandMarkets, the military battery market is projected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.1% from 2022 to 2027. The advent of rechargeable batteries in terms of compact designs and high power density, is one of the major driving factor for the demand of military battery market.

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May 19, 2022

Microfiltration Membranes Market worth $1.8 billion by 2027

According to a research report "Microfiltration Membranes Market by Type (Fluorinated Polymers, Cellulosic, Polysulfones, Ceramic), Filtration Mode, Applications (Water Treatment, Food & beverage, Biopharmaceutical Processing, Chemical) & Region - Global Forecast to 2027" published by MarketsandMarkets, the global microfiltration membranes market size is projected to reach USD 1.8 billion by 2027 from USD 1.2 billion in 2022, at a CAGR of 8.9% during the forecast period.

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May 19, 2022

Electric Commercial Vehicle Market worth 3,144 thousand units by 2030

According to a research report "Electric Commercial Vehicle Market by Propulsion, Vehicle Type, Range, Battery Type, Length of Bus, Power Output, Battery Capacity, Component, Autonomous Vehicle, End User, Truck Payload Capacity and Region - Global Forecast 2030" published by MarketsandMarkets, the global electric commercial vehicle market size is projected to grow from 353 thousand units in 2022 to 3,144 thousand units by 2030, at a CAGR of 31.4%.

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May 18, 2022

Bus Seat Industry worth $16.3 billion by 2027

According to a research report "Bus Seat Market with COVID-19 Impact Analysis, by Component, Comfort Type (High comfort, Low Comfort), Seat type (Regular passenger Seat, Recliner Seat, Folding Seat, Driver Seat, Integrated Child Seat), Bus Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the bus seat market is expected to grow from USD 12.5 billion in 2022 to USD 16.3 billion by 2027, at a CAGR of 5.6%. The market growth can be attributed to several factors, such as increasing demand for electric bus is rising demand for bus seats.

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May 18, 2022

Master Data Management Market worth $34.5 billion by 2027

According to a research report "Master Data Management Market by Component, Organization Size (SMEs & Large Enterprises), Deployment Mode (Cloud & On-premises), Vertical (BFSI & Healthcare), and Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2027" published by MarketsandMarkets, the master data management market size to grow from USD 16.7 billion in 2022 to USD 34.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.7% during the forecast period. Various factors such as incorporation of new technologies with master data management , and increasing adoption of data quality tools for data management are expected to drive the adoption of MDM solutions and services.

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May 18, 2022

Green and Bio Polyols Market worth $6.9 billion by 2027

The report "Green and Bio Polyols Market by Raw Material (Natural Oils and their Derivatives, Sucrose, Glycerin, Carbon Dioxide), Type, Application (PU Flexible Foam, CASE, PU Rigid Foam) End-use Industry and Region - Global Forecast to 2027" The global green and bio polyols market size is estimated at USD 4.4 billion in 2021 and is projected to reach USD 6.9 billion by 2027, at a CAGR of 9.5%, between 2022 and 2027. The growth of the global green and bio polyols market is directly related to the strict government regulation against excessive use of petroleum based polyols. The increasing production of PU flexible or rigid foams, as insulating material in infrastructure & building, in the furniture & bedding industry, and in packaging is expected to propel the growth of the green and bio polyols market globally. The use of green and bio based polyols in CASE applications is also a major growth factor for the market.

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May 18, 2022

Starter Cultures Market worth $1.5 billion by 2027

The report "Starter Cultures Market by Application (Dairy & dairy-based products, Meat & seafood, alcoholic & non-alcoholic beverages), Form, Composition (Multi-strain mix, Single strain, and Multi-strain), Microorganism and Region - Global Forecast to 2027" The global starter cultures market is estimated to be valued at USD 1.1 billion in 2022. It is projected to reach USD  1.5 billion by 2027, recording a CAGR of 5.5% during the forecast period. The global starter cultures market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. Growing demand for fermented dairy products, such as yogurt and cheese. Several innovations in the yogurt sector have been fueling the demand for starter cultures, and manufacturers have been exploring the multifunctional properties of these products.

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May 18, 2022

High Potency APIs Market / HPAPI Market worth $39.6 billion by 2027

According to a research report "High Potency APIs/HPAPI Market by Type (Innovative, Generic), Type of Synthesis (Synthetic, Biotech, Biosimilars, mAbs, Vaccines), Manufacturers (Captive, Merchant), Application (Oncology, Hormonal Imbalance, Glaucoma) Region - Global forecast to 2027" published by MarketsandMarkets, the HPAPI market is projected to reach USD 39.6 billion by 2027 from USD 24.5 billion in 2022, at a CAGR of 10.1% from 2022 to 2027. The growth in this market is driven by factors such as increasing demand for oncology drugs, growing demand for antibody-drug conjugates, increasing focus of leading pharmaceutical companies on HPAPIs, advancements in HPAPI manufacturing technologies, and growing focus on precision medicine.

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May 17, 2022

Cashew Nutshell Liquid Market worth $564 million by 2027

According to a research report "Cashew Nutshell Liquid Market by product (PF Resins, Epoxy Resins, Epoxy Curing Agents, Surfactants, Polyols), application (Adhesive, Coating, Foam, Laminate, Personal Care), Region (Asia Pacific, North America, Europe) - Global Forecast to 2027" published by MarketsandMarkets, the CNSL market size is estimated to be USD 393 million in 2022 and is projected to reach USD 564 million by 2027, at a CAGR of 7.5% between 2022 and 2027. Increasing demand from the chemical and petrochemical industries, the rising demand for natural resources for various applications are significantly driving the market globally.

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May 17, 2022

SOC as a Service Market worth $10.1 billion by 2027

The report "SOC as a Service Market by Component, Service Type (Vulnerability Assessment & Threat Detection, and Incident Response), Offering Type (Fully Managed & Co-managed), Application Area, Industry Vertical and Region - Global Forecast to 2027", size is expected to grow from an estimated value of USD 6.1 billion in 2022 to USD 10.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.5% from 2022 to 2027. Some of the factors that are driving the market growth includes cumbersome administration after threat detection, surge in trends such as BYOD, CYOD, and WFH and an exponential rise in security breaches and sophistication of cyberattacks. However, scarcity of skilled cybersecurity professionals among enterprises is expected to hinder the market growth.

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May 17, 2022

Train Battery Market worth $758 million by 2030

According to a research report "Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, & Li-Ion), Advanced Train (Autonomous, Hybrid, Fully Battery-Operated), Rolling Stock Type, Application and Region - Global Forecast to 2030" published by MarketsandMarkets, the global train battery market size is projected to reach USD 758 million by 2030, from an estimated value of USD 518 million in 2022, at a CAGR of 4.9%.

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May 17, 2022

Chromatography Resin Market worth $3.8 billion by 2027

The report "Chromatography Resin Market by Type, Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Mixed Mode), Application (Pharmaceutical & Biotechnology, Food & Beverage) and Region - Global Forecasts to 2027" The global chromatography resin market will grow to  USD 3.8 billion by 2027, at a CAGR of 8.0% from USD 2.6 billion in 2022. This growth is primarily triggered by the increasing demand for therapeutic antibodies. Almost all the major pharmaceutical companies have undertaken R&D on therapeutic antibodies. In the purification of monoclonal antibodies, anionic impurities such as nucleic acids and endotoxins are removed through anion exchange chromatography. Thus, the integral role of chromatography techniques in the development of monoclonal antibodies is expected to drive the chromatography resin market.

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May 16, 2022

Automated Test Equipment Industry worth $8.8 billion by 2027

According to the new market research report "Automated Test Equipment Market by Components, Type, Vertical (Semiconductor Fabrication, Automotive and Transportation, Medical, Aerospace and Defense, Consumer Electronics), and Geography (North America, Europe, APAC, RoW) - Global Forecast to 2027", The automated test equipment market is expected to grow from USD 7.0 billion in 2022 to USD 8.8 billion by 2027; it is expected to grow at a CAGR of 4.7% during the forecast period.

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May 13, 2022

Plasma Fractionation Market worth $36.7 billion by 2027

According to a research report "Plasma Fractionation Market by Product (Immunoglobulins, Albumin, Protease Inhibitors, von Willebrand Factor, PCC), Application (Neurology, Immunology, Hematology, Rheumatology), End User (Clinical Research, Hospitals & Clinics) - Global Forecast to 2027" published by MarketsandMarkets, the global plasma fractionation market size is projected to reach USD 36.7 billion by 2027 from USD 26.5 billion in 2022, at a CAGR of 6.7%. The growing application of immunoglobulins in various therapeutic areas such as neurology, pulmonology, critical care, hematology, and rheumatology, increase in plasma collection centers globally, rising geriatric population and the growing prevalence of respiratory diseases and alpha-1-antitrypsin deficiency (AATD) and Chronic obstructive pulmonary disease (COPD) are the major factors driving the growth of this market.

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May 13, 2022

Feed Preservatives Market worth $6.7 billion by 2027

According to MarketsandMarkets analysis, the report "Feed Preservatives Market by Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants, Anticaking Agents), Livestock (Poultry, Cattle, Swine, Aquaculture), Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage), and Region - Global Forecast to 2027", size of feed preservatives is estimated to be valued at USD 4.8 billion in 2022. It is projected to reach USD 6.7 billion by 2027, with a CAGR of 6.7%, in terms of value between 2022 and 2027. Some of the reasons that are driving the growth of the feed preservatives market are increasing demand for meat consumption in developing countries, growth in livestock farming, increasing need to store feed for livestock, and growing application of livestock in the food industry.

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May 13, 2022

Customer Engagement Solutions Market worth $32.2 billion by 2027

According to a research report "Customer Engagement Solutions Market with COVID-19 Analysis, by Component (Solutions and Services), Deployment Type (Cloud and On-premises), Organization Size, Vertical (BFSI, Telecom & IT, and Retail & Consumer Goods) and Region - Global Forecast to 2027" published by MarketsandMarkets, the Customer engagement solutions market size is expected to grow from USD 19.3 billion in 2022 to USD 32.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period. Companys focus on delivering enhanced omnichannel customer engagement is one of the key factors driving the growth of the market. The omnichannel suite helps organizations facilitate personalized conversations across multiple channels, including voice, web, mobile, and social media. It enables organizations to strengthen their regional presence by reaching out to customers through multiple touchpoints in real-time.

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May 13, 2022

Intelligent Process Automation Market worth $25.9 billion by 2027

According to a research report "Intelligent Process Automation Market by Component, Technology, Application, Business Function, Deployment Mode (On-premises, Cloud), Organization Size (Large Enterprises, SMEs), Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global Intelligent process automation market size is expected to grow from USD 13.6 billion in 2022 to USD 25.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period.

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May 13, 2022

Urban Air Mobility Industry worth $28.3 billion by 2030

The report "Urban Air Mobility Market by Component (Infrastructure Solutions, Platform), Platform Operation (Piloted, Autonomous), Range (Intercity, Intracity), Platform Architecture, Systems, End User and Region - Global Forecast To 2030", is projected to grow from USD 2.6 billion in 2022 to USD 28.3 billion by 2030, at a CAGR of 34.3% from 2022 to 2030. The increasing demand for an alternative mode of transportation in urban mobility for commercial applications and technological innovations in unmanned technology are the major factors driving the market.

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May 13, 2022

Power Distribution Unit Market worth $5.7 billion by 2027

According to a research report "Power Distribution Unit Market by Type (Basic, Metered, Switched, Monitored, ATS, Hot Swap, Dual Circuit), Phase (Single & Three), Power Rating (Up to 120 V, 120240 V, 240400 V, above 400 V), End User and Region - Global Forecast to 2027" published by MarketsandMarkets, the power distribution unit market size is estimated to be USD 3.9 billion by 2022 and is projected to reach USD 5.7 billion by 2027, at a CAGR of 7.9%. This is designed to provide standard electrical outlets for use within a variety of settings that dont require monitoring or remote access capabilities. Power distribution units can either be basic or intelligent, depending on the features they have. These products can monitor, track, and manage every aspect of data center activity and provide efficient solutions for critical power devices, along with data center security and server management.

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May 12, 2022

Vessel Traffic Management Industry worth $8.7 billion by 2027

According to a research report "Vessel Traffic Management Market by End User (Commercial, Defense), Component (Equipment, Solution, Service), Investment (Brownfield, Greenfield), System, Onboard Components (Equipment, Solution), and Region - Global Forecast to 2027" published by MarketsandMarkets, the Vessel Traffic Management Market is projected to grow from USD 5.8 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 8.4% during the forecast period. Vessel traffic services (VTS) are shore-based systems that range from simple information messages to ships, such as the location of other traffic or weather-related hazard alerts, to comprehensive traffic control inside a port or canal. Ships entering a VTS region are required to report to the authorities by radio and may be traced by the VTS control center. Ships must listen for navigational or other warnings on a designated frequency, and they may be called directly by the VTS operator if there is a danger of an incident or, in regions where traffic flow is limited, for guidance on whether to continue.

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May 12, 2022

Thermal Interface Materials Industry worth $5.6 billion by 2027

The report "Thermal Interface Materials Market by Chemistry (Silicone, Epoxy, Polyimide), Type (Greases & adhesives, Tapes & Films, Gap Fillers), Application (Computers, Telecom, Consumer Durables, Medical Devices) and Region - Global Forecast to 2027" The global thermal interface materials market is projected to reach USD 5.6 billion and is projected to grow at a CAGR of 10.5% between 2022 and 2027. In 2022 the global thermal interface materials market is estimated at USD 3.4 billion in 2022 and is projected to reach USD 5.6 billion by 2027, at a CAGR of 10.5% during the forecast period. The growth if the market is attributed to the growing need of thermal management solutions in ever-shrinking electronic components and systems.

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May 12, 2022

Rodenticides Market worth $7.1 billion by 2027

The report "Rodenticides Market by Type (Anticoagulants, Non-Coagulants), Mode of Application (Pellets, Spray, and Powder), End Use (Agriculture, Warehouses, and Urban Centers), Rodent Types (Rats, Mice, Chipmunks, Hamsters) & Region - Global Forecast to 2027" The global rodenticides market is estimated to be valued at USD 5.3 billion in 2022. It is projected to reach USD  7.1 billion by 2027, recording a CAGR of 5.8% during the forecast period. The rodenticides market is driven by rapid urbanization across regions. The increase in awareness on public hygiene, the prevention of vector-borne diseases, and the rise in purchasing power parity (PPP) among the middle-class population are factors that have encouraged the demand for pest control services, globally. In addition, government initiatives for maintaining environmental hygiene are projected to drive the demand for rodenticides. For instance, the “clean-up” movement in India has proven to be a major driver for the insect pest control industry.

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May 12, 2022

Smart Glass Industry worth $8.2 billion by 2027

According to a research report "Smart Glass Market by Technology (Suspended Particle Display, Electrochromic Glass, Liquid Crystals, Micro blinds, NanoCrystals, Photochromic and Thermochromic), Application, Control Mode and Geographic Analysis - Global Forecast to 2027" published by MarketsandMarkets, The global smart glass market is projected to grow from USD 5.0 billion in 2022 to USD 8.2 billion by 2027; it is expected to grow at a CAGR of 10.4% from 2022 to 2027. The key factors fueling the growth of this market include increasing importance of smart glass in the healthcare industry, rising use of smart glass in automobile applications and government support for energy-efficient construction.

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May 12, 2022

Robotic Vision Industry worth $3.8 billion by 2027

According to a research report "Robotic Vision Market by Type (2D Vision Systems, 3D Vision Systems), Component (Cameras, Lighting, Optics, Processors & Controllers, Frame Grabbers, Deep Learning Software), Deployment (Robotic Guidance Systems, Robotic Cells) - Global Forecast to 2027" published by MarketsandMarkets, the global robotic vision market size is estimated to be USD 2.4 billion in 2022 and is projected to reach USD 3.8 billion by 2027, at a CAGR of 9.6%. The rising adoption of smart cameras in the robotic vision systems and increasing adoption of 3D vision systems in industrial robotics are driving the demand for the robotic vision market. Moreover, the development in the requirement for quality inspection with automated robotic vision and rising demand for quality products and safety in industrial sector also plays a key role in driving the growth of the robotic vision market.

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May 11, 2022

Ceiling Tiles Industry worth $11.7 billion by 2027

The report "Ceiling Tiles Market by Material Type (Mineral Fiber, Metal, Gypsum, Others), Property Type (Acoustic, Non-Acoustic), End-User (Non-Residential, Residential) and Region (North America, Europe, APAC, MEA, and South America) - Global Forecast to 2027" size is projected to grow from USD 8.4 billion in 2022 to USD 11.7 billion by 2027, at a CAGR of 6.8% during the forecast period. The increasing use of ceiling tiles in construction projects is one of the most significant factors projected to drive the growth of the ceiling tiles market.

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May 11, 2022

Endoscope Reprocessing Market worth $3.8 billion by 2027

The report "Endoscope Reprocessing Market by Product (HLD and Test Strips, Detergents & Wipes, Automated Endoscope Reprocessors (AER), Endoscope Drying, Storage, & Transport Systems, Tracking Solutions), End User (Hospitals, ASCs & Clinics) - Global Forecast to 2027" The Global Endoscope Reprocessing Market is projected to USD 3.8 billion by 2027 from USD 2.4 billion in 2022, at a CAGR of 9.7% from 2022 to 2027.The growth of this market is driven by increasing preference for endoscopic procedures, high risk of endoscope-associated infections, growing geriatric population and the subsequent increase of endoscopic procedures, and increasing emphasis on improving reprocessing guidelines by healthcare facilities.

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May 11, 2022

Electric Scooter and Motorcycle Market worth 6,193 thousand units by 2027

The report "Electric Scooter and Motorcycle Market by Vehicle (E-Scooters/Mopeds & E-Motorcycles), Battery (Lead Acid & Li-Ion), Distance, Voltage (36V, 48V, 60V, 72V, Above 72V), Technology, Usage(Private, Commercial), Vehicle Class & Region - Global Forecast to 2027" , is expected to account for 6,193 thousand units by 2027, growing at a CAGR of 33.1% during the forecast period.

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May 11, 2022

Metaverse Market worth $426.9 billion by 2027

According to a research report "Metaverse Market by Component (Hardware, Software (Extended Reality Software, Gaming Engine, 3D Mapping, Modeling & Reconstruction, Metaverse Platform, Financial Platform), and Professional Services), Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the metaverse market size is projected to grow from USD 61.8 billion in 2022 to USD 426.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 47.2% during the forecast period. Major factors that are expected to drive the growth of the metaverse market include affordability of the metaverse devices for customers - the launch of VR devices in countries such as China and India at low prices, which are affordable to the masses, helps the widespread use of metaverse in consumer applications. Electronics companies are also offering XR devices as a complimentary gift on the purchase of electronic appliances such as television sets, gaming monitors, and gaming consoles. Furthermore, surge in demand of devices, such as VR headsets, MR headsets, HUD, HMD, smart glasses, smart helmets, from media & entertainment industry is expected to drive the market. The key reasons for adopting these technologies are that they can offer the first-person perspective, act as natural user interfaces, and provide 6-degree freedom, to create realistic-looking virtual scenarios to enhance the overall gaming experience of end users; hence enabling to create ample opportunities for metaverse vendors.

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May 11, 2022

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