Press Release

Collagen Peptides Market worth $922 million by 2028

According to a research report "Collagen Peptides Market by Source (Bovine, Porcine, Marine & Poultry), Application (Food & Beverages, Nutritional Products, Cosmetics & Personal Care Products, Pharmaceuticals), Form (Dry, Liquid) and Region - Global Forecast to 2028" published by MarketsandMarkets, the collagen peptides market is projected to reach USD 922 million by 2028 from USD 699 million by 2023, at a CAGR of 5.7% during the forecast period in terms of value. The market for collagen peptides is experiencing growth due to growing consumer health awareness and varied applications of collagen peptides.

• Published: June 2023

Food Coating Ingredients Market worth $4.9 billion and Food Coating Equipment Market worth $7.7 billion by 2028

According to a research report "Food Coating Market by Ingredient Type (Batter, Flours), Application (Bakery, Snacks), Equipment Type (Coaters and Applicators, Enrobers), Form (Dry, Liquid), Mode of Operation (Automatic, Semiautomatic) and Region - Global Forecast to 2028" published by MarketsandMarkets, the food coating ingredients market is estimated at USD 3.6 billion in 2023 and is projected to reach USD 4.9 billion by 2028, at a CAGR of 6.2% from 2023 to 2028.

• Published: June 2023

Veterinary API Market worth $11.9 billion by 2028

The report "Veterinary API Market by API Type (Antimicrobials (Fluoroquinolones, Tetracyclines), Vaccines, Hormones, Antimicrobials, Anti-inflammatory, Hormones), Synthesis Type, Route of Administration, and Animal Type - Global Forecast to 2028", is projected to reach USD 11.9 billion by 2028 from USD 8.5 billion in 2023, at a CAGR of 6.9% the forecast period. The market for veterinary API is expanding because of factors like rising incidence of transboundary & zoonotic diseases, increasing animal population and pet ownership, and increasing disease control & disease prevention measures. The veterinary API industry is anticipated to develop because of the rising demand for veterinary medicines and other animal health products. This is also going to attract international investors to that region.

• Published: June 2023

Public Safety Drone Industry worth $2.0 billion by 2028

• Published: June 2023

Wi-Fi 7 Market worth $24.2 billion by 2030

According to a research report "Wi-Fi 7 Market by Offering (Hardware, Solutions, and Services), Location Type, Application (Immersive Technologies, IoT & Industry 4.0, Telemedicine), Vertical (Media & Entertainment, Education, Residential, Retail), and Region - Global Forecast to 2030" published by MarketsandMarkets, the Wi-Fi 7 market is estimated at USD 1.0 billion in 2023 and is projected to reach USD 24.2 billion by 2030, at a CAGR of 57.2% from 2023 to 2030. Governments collaborate with private organizations, research institutions, and industry associations to develop IoT ecosystems and drive innovation. These partnerships often involve joint projects, knowledge sharing, and the establishment of wireless networking. Governments foster the development and adoption of Wi-Fi 7 solutions by actively engaging with the private sector across different industries.

• Published: June 2023

Corrosion Protection Coatings Market worth $12.4 billion by 2028

The report "Corrosion Protection Coatings Market by Resin Type (Epoxy, PU, Acrylic, Zinc, Chlorinated Rubber), Technology (Water, Solvent, Powder), End-use (Oil & Gas, Marine, Infrastructure, Power Generation, Water Treatment), & Region - Global Forecast to 2028", is projected to grow from USD 10.4 billion in 2023 to USD 12.4 billion by 2028, at a CAGR of 3.5%. Growing end-use industries to boost the Corrosion protection coatings market. The infrastructure end-use industry is emerging as the fastest-growing industry for the corrosion protection coatings market.

• Published: June 2023

Surfactants Market worth $57.8 billion by 2028

The report "Surfactants Market by Type (Anionic, Non-ionic, Cationic & Amphoteric), Application (Home Care, Personal Care, Industrial & Institutional Cleaning, Textile, Elastomers & Plastics, Agrochemicals, and Food & Beverage), and Region - Global Forecast to 2028", size was USD 43.5 billion in 2022 and is projected to reach USD 57.8 billion by 2028, at a CAGR of 4.9% from 2023 to 2028.

• Published: June 2023

Digital Diabetes Management Market worth $35.8 billion in 2028

The report "Digital Diabetes Management Market by Product (Device (CGM, Smart Glucometer, Insulin Patch Pump), Diabetes Apps, Service, Software & Platforms), Device Type (Handheld & Wearables), End User (Hospitals & Self/Home Healthcare) - Global Forecast to 2028", is expected to grow at a CAGR of 13.6% from an estimated USD 18.9 billion in 2023 to USD 35.8 billion in 2028. As diabetes prevalence has increased, there is an increasing demand for more efficient diabetes care solutions. Furthermore, technological advancements have made it possible for the market to acquire flexible solutions. The growing number of connected devices and apps, along with the widespread use of cloud-based enterprise solutions, is one of the main factors driving market growth.

• Published: June 2023

Automotive TIC Market worth $20.9 billion by 2028

According to a research report "Automotive TIC Market Vehicle Type (Passenger Cars, Commercial Vehicles), Service Type (Testing Services, Inspection Services, Certification Services), Sourcing Type (In-House, Outsourced), Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%.

• Published: June 2023

Specialty Chemicals Market worth $364.8 billion by 2028

The report "Specialty Chemicals Market by Type (Plasticizers, Water-Based, Coagulants and Flocculants, Scale Inhibitors), Application (Paper and Packaging, Automotive, Consumer Goods, Construction), and Region– Global Forecast to 2028", size was USD 272.6 billion in 2022 and is projected to reach USD 364.8 billion by 2028, at a CAGR of 5.0%, between 2023 and 2028.

• Published: June 2023

Far-Field Speech and Voice Recognition Industry worth $6.9 billion by 2028

The report "Far-Field Speech and Voice Recognition Market by Component (Microphones, Digital Signal Processors, Software), Microphone Solutions (Single Microphone, Linear Arrays, Circular Arrays), Application and Geography - Global Forecast to 2028" The Far-Field Speech and Voice Recognition Industry Size is projected to grow from USD 3.7 billion in 2023 to reach USD 6.9 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.1% from 2023 to 2028.The growth of the far-field speech and voice recognition industry is driven by technological advancement of deep-learning-based far-field microphones, increasing adoption of voice control-based smart speakers, and enhanced accuracy through advanced front-end hardware.

• Published: June 2023

Overall Equipment Effectiveness Software Industry worth $122.4 billion by 2028

The report "Overall Equipment Effectiveness Software Market by Offering (Software, Services), Deployment Mode (On-premises, Cloud), Type (SCADA, Cloud ERP, Predictive Maintenance, Data Historian), Industry (Automotive, Healthcare, Power) - Global Forecast to 2028" The global overall equipment effectiveness software market size is estimated to be USD 67.5 billion in 2023 and is projected to reach USD 122.4 billion by 2028, at a CAGR of 12.6%. The growing utilization of ERP software for conducting various functions across industries, increasing initiatives for driving the adoption of industrial automation solutions, growing requirement for improved efficiency and ensuring optimum usage of resources, the requirement for connected supply chain and bulk production to cater to the increasing global population, and growing adoption of AI and IoT across manufacturing industries across the globe, are responsible for the growth of the overall equipment effectiveness software market.

• Published: June 2023

Privacy Management Software Market worth $15.2 billion by 2028

According to a research report "Privacy Management Software Market by Application (Data Discovery & Mapping, DSAR, PIA, Consent & Preference Management), Deployment Mode, Organization Size (Large Enterprises, SMEs), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets, the privacy management software market size is expected to grow from USD 2.7 billion in 2023 to USD 15.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 41.9% during the forecast period. The rapid growth of digital financial services and growing incidences of data theft and data breaches is likely to boost the adoption of privacy management software globally.

• Published: June 2023

Japan and South Korea AI in Drug Discovery Market is expected to grow at a CAGR of 45.7%

According to latest research report published by MarketsandMarkets, the AI in Drug Discovery Market in Japan and South Korea by Offering (Software, Service), Technology (Machine Learning, Deep Learning), Application (Cardiovascular, Metabolic, Neurodegenerative), End User (Pharma, Biotech,CROs) - Global Forecasts to 2027, is expected to grow at a CAGR of 45.7% from 2022 to 2027.

• Published: June 2023

Europe AI in Drug Discovery Market is expected to grow at a CAGR of 45.7%

According to latest research report published by MarketsandMarkets, the Europe AI in Drug Discovery Market by Offering (Software, Service), Technology (Machine Learning, Deep Learning), Application (Cardiovascular, Metabolic, Neurodegenerative), End User (Pharma, Biotech,CROs) - Global Forecasts to 2027, is expected to grow at a CAGR of 45.7% from 2022 to 2027.

• Published: June 2023

USA AI in Drug Discovery Market is expected to grow at a CAGR of 45.7%

According to latest research report published by MarketsandMarkets, the USA AI in Drug Discovery Market by Offering (Software, Service), Technology (Machine Learning, Deep Learning), Application (Cardiovascular, Metabolic, Neurodegenerative), End User (Pharma, Biotech,CROs) - Global Forecasts to 2027, is expected to grow at a CAGR of 45.7% from 2022 to 2027.

• Published: June 2023

Anesthesia Equipment Market worth $11.0 billion by 2028

The report "Anesthesia Equipment Market by Type (Anesthesia Devices (Workstation, Ventilators, Monitors), Disposables (Circuits, Endotraceal Tubes)), Application (Orthopedics, Neurology, Urology), End User (Hospitals, Clinics, ASC) & Region - Global Forecast to 2028", is projected to reach USD 11.0 billion by 2028 from USD 8.0 billion in 2023, at a CAGR of 6.7% during the forecast period. Growth in this market can primarily be attributed to the growing number of surgeries owing to the prevalence of various diseases. Anesthesia plays a key role, since every patient that undergoes surgery is anesthetized to manage the pain during the course of surgery. The major surgical procedures performed globally are orthopedics, cardiology, and neurology, owing to the high prevalence of these medical conditions. Such a high number of surgical procedures are expected to propel growth of the global anesthesia devices market.

• Published: June 2023

Oven-Controlled Crystal Oscillator (OCXO) Industry worth $528 million by 2028

The report "Oven-Controlled Crystal Oscillator (OCXO) Market by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region - Global Forecast to 2028" The global OCXO market was valued at USD 464 million in 2023 and is projected to reach USD 528 million by 2028, registering a CAGR of 2.6% during the forecast period. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

• Published: June 2023

Autonomous Last Mile Delivery Industry worth $4.2 billion by 2030

The report "Autonomous Last Mile Delivery Market by Platform (Aerial Delivery Drones, Ground Delivery Vehicles (Delivery Bots, Self-Driving Vans & Trucks)), Solution, Application, Type, Payload Weight, Range, Duration and Region - Global Forecast to 2030" The autonomous last mile delivery market is valued at USD 0.9 billion in 2023 and is projected to reach USD 4.2 billion by 2030, at a CAGR of 22.7%. The market for autonomous last mile delivery has experienced remarkable growth in recent years, driven by several key factors. One of the primary drivers is the rapid growth of e-commerce and online shopping. With the increasing popularity of online retail, there is a growing demand for efficient and timely delivery of goods, especially in urban areas where congestion and traffic can significantly impact delivery times.

• Published: June 2023

Lactic Acid Market worth $2.8 billion and Polylactic Acid Market worth $2.9 billion in 2028

According to a research report "Lactic Acid and Polylactic Acid Market by Application (Biodegradable Polymers, Food & Beverages, Pharmaceutical Products), Raw Material, Form (Dry, Liquid), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2028" published by MarketsandMarkets, the lactic acid market is estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.8 billion by 2028, at a CAGR of 12.4% from 2023 to 2028. The global polylactic acid market is anticipated to be valued at USD 1.3 billion in 2023 and escalate to USD 2.9 billion in 2028 by growing at a CAGR of 17.7% The surging concerns over global warming and plastic pollution have led to significant attention being directed towards bio-plastics. One standout option among these alternatives is polylactic acid (PLA), which possesses the dual advantages of being derived from renewable sources and is biodegradable. Its applications in disposable packaging have proliferated extensively. Jem's law estimates that the demand for PLA in the global market doubles every 3 to 4 years. However, when compared to traditional petroleum-based plastics, PLA is generally more expensive and often exhibits subpar mechanical and physical properties. Nevertheless, recent progress in compounding techniques and the successful commercialization of D(-) lactic acid and its polymer PDLA present promising opportunities for augmenting the mechanical and thermal characteristics of PLA. For instance, the development of stereocomplex PLA shows potential for high-end market utilization, effectively addressing the performance limitations of PLA and broadening its prospects across diverse industries.

• Published: June 2023

Bioethanol Market worth $114.7 billion by 2028

The report "Bioethanol Market by Feedstock (Starch based, Sugar based, Cellulose-based), Fuel blend (E5, E10, E15 to E70, E75& E85), End-use (transportation, pharmaceutical, cosmetic, alcoholic beverages), Generation And Region Global Forecast to 2028", The market for bioethanol is approximated to be USD 83.4 billion in 2023, and it is projected to reach USD 114.7 billion by 2028 at a CAGR of 6.6%. The demand for bioethanol is mainly driven by end-use industries. The growing recognition of the environmental consequences associated with fossil fuels, including greenhouse gas emissions and climate change, has generated increased interest in renewable and sustainable energy sources. Bioethanol, derived from renewable biomass, presents a viable solution with a lower carbon footprint compared to conventional fossil fuels.

• Published: June 2023

Flooring Market worth $510.7 billion by 2028

The report "Flooring Market by Material (Resilient, Non-Resilient (Ceramic tiles, Wood, Laminate, Stone), Soft-floor covering), End-use Industry (Residential, Non-residential), & Region (North America, Europe , APAC, MEA, South America) - Global Forecast to 2028", The market for flooring is approximated to be USD 331.9 billion in 2023, and it is projected to reach USD 510.7 billion by 2028, at a CAGR of 9.0%. Increasing population and rapid urbanization, increasing investments in the construction sector, and rising number of renovation and remodeling activities are key drivers promoting the market growth. The volatile raw material prices is a major restraint in the flooring market as it affects the overall pricing of the product. A rapidly progressing organized retail sector is a major opportunity in the flooring market. The flooring industry also faces the challenge of extreme competition in the market.

• Published: June 2023

Agricultural Lighting Industry worth $21.4 billion by 2028

The report "Agricultural Lighting Market by Light Source (Fluorescent, HID, LED), Application (Horticulture, Livestock, Aquaculture), Offering (Hardware, Software, Services), Installation Type, Wattage Type, Sales Channel and Region - Global Forecast to 2028" The global agricultural lighting industry size to reach USD 21.4 billion by 2028; at a CAGR of 12.5% from 2023 to 2028. The key factors fueling the growth of this market include rising population along with increasing government funding and support to promote agricultural lighting across the globe,  growing demand for food owing to the continuously increasing population.

• Published: June 2023

Hypersonic Weapons Industry worth $14.5 billion by 2030

The report "Hypersonic Weapons Industry by Type (Hypersonic Missiles, Hypersonic Gliding Vehicles), Domain (Land, Naval, Airborne), Range(Short-range, Medium-range, Long-range), Subsystem and Region (North America, Europe, Asia Pacific, ROW) - Global Forecast to 2030" The Hypersonic weapons Industry is estimated to be USD 6.8 billion in 2023 and is projected to reach USD 14.5 billion by 2030, at a CAGR of 11.4 % during the forecast period.The hypersonic weapons market is experiencing rapid growth, driven by several key factors. Firstly, the increasing global security threats and the need for advanced defense capabilities have prompted nations to invest heavily in hypersonic weapon systems. The exceptional speed and maneuverability of these weapons provide a significant advantage in countering evolving threats and ensuring national security. Secondly, advancements in propulsion and materials technology have made hypersonic weapons more feasible and cost-effective to develop, leading to increased research and development efforts. Additionally, the potential for hypersonic weapons to penetrate and overcome existing missile defense systems has created a sense of urgency among defense forces worldwide, further propelling market growth.

• Published: June 2023

Japan and South Korea Healthcare Analytics Market is expected to grow at a CAGR of 25.7%

According to latest research report published by MarketsandMarkets, the Healthcare Analytics Market in Japan and South Korea by Type (Descriptive, Predictive, Cognitive), Application (Financial, RCM, Fraud, Clinical, Operational), Component (Services, Software), Deployment (on premise, Cloud), End-user (Hospitals, Payer) - Global Forecast to 2027, is expected to grow at a CAGR of 25.7% from 2022 to 2027.

• Published: June 2023

Europe Healthcare Analytics Market is expected to grow at a CAGR of 25.7%

According to latest research report published by MarketsandMarkets, the Europe Healthcare Analytics Market by Type (Descriptive, Predictive, Cognitive), Application (Financial, RCM, Fraud, Clinical, Operational), Component (Services, Software), Deployment (on premise, Cloud), End-user (Hospitals, Payer) - Global Forecast to 2027, is expected to grow at a CAGR of 25.7% from 2022 to 2027.

• Published: June 2023

USA Healthcare Analytics Market is expected to grow at a CAGR of 25.7%

According to latest research report published by MarketsandMarkets, the USA Healthcare Analytics Market by Type (Descriptive, Predictive, Cognitive), Application (Financial, RCM, Fraud, Clinical, Operational), Component (Services, Software), Deployment (on premise, Cloud), End-user (Hospitals, Payer) - Global Forecast to 2027, is expected to grow at a CAGR of 25.7% from 2022 to 2027.

• Published: June 2023

Japan and South Korea eClinical Solutions Market is expected to grow at a CAGR of 13.3%

According to latest research report published by MarketsandMarkets, the eClinical Solutions Market in Japan and South Korea by Product (CDMS, eCOA, CTMS, RTSM, ETMF, Analytics, Safety), Delivery (Web-hosted, Licensed Enterprise, Cloud-based), End User (Pharma, Hospitals, CROs), Clinical Trial Phases (Phase I, II) & Region - Global Forecasts to 2027, is expected to grow at a CAGR of 13.3% from 2022 to 2027. The market is driven by the increasing adoption of eClinical solutions by pharmaceutical and biopharmaceutical companies, contract research organizations (CROs), and academic research institutes.

• Published: June 2023

Europe eClinical Solutions Market is expected to grow at a CAGR of 13.3%

According to latest research report published by MarketsandMarkets, the Eurpoe eClinical Solutions Market by Product (CDMS, eCOA, CTMS, RTSM, ETMF, Analytics, Safety), Delivery (Web-hosted, Licensed Enterprise, Cloud-based), End User (Pharma, Hospitals, CROs), Clinical Trial Phases (Phase I, II) & Region - Global Forecasts to 2027, is expected to grow at a CAGR of 13.3% from 2022 to 2027. The market is driven by the increasing adoption of eClinical solutions by pharmaceutical and biopharmaceutical companies, contract research organizations (CROs), and academic research institutes.

• Published: June 2023

USA eClinical Solutions Market is expected to grow at a CAGR of 13.3%

According to latest research report published by MarketsandMarkets, the USA eClinical Solutions Market by Product (CDMS, eCOA, CTMS, RTSM, ETMF, Analytics, Safety), Delivery (Web-hosted, Licensed Enterprise, Cloud-based), End User (Pharma, Hospitals, CROs), Clinical Trial Phases (Phase I, II) & Region - Global Forecasts to 2027, is expected to grow at a CAGR of 13.3% from 2022 to 2027. The market is driven by the increasing adoption of eClinical solutions by pharmaceutical and biopharmaceutical companies, contract research organizations (CROs), and academic research institutes.

• Published: June 2023

Aluminum Foil Packaging Market worth $27.9 billion by 2028

The report "Aluminum Foil Packaging Market by Product Type (Bags & Pouches, Wraps & Rolls, Blisters, Containers), Application (Food, Beverages, Pharmaceutical, Personal Care & Cosmetics), Type (Rolled Foil, Backed Foil), Packaging Type & Region - Global Forecast 2028", The global aluminum foil packaging market size is estimated to be USD 21.7 billion in 2023 and is projected to reach USD 27.9 billion by 2028, at a CAGR of 4.3% between 2023 and 2028. India and China, as emerging economies, will witness substantial demand for aluminum foil packaging due to the expanding packaging, food & beverage, and pharmaceutical & healthcare industries.

• Published: June 2023

5G Testing Industry worth $5.2 billion by 2028

The report "5G Testing Market by Offering (Hardware, Service), End-user Industry (IDMs & ODMs, Telecom Equipment Manufacturers, Telecom Service Providers), and Region (North America, Europe, Asia Pacific and Rest of the World) - Global Forecast to 2028" The global 5G Testing Industry Size is expected to be valued at USD 3.5 billion in 2023 and is projected to reach USD 5.2 billion by 2028; it is expected to grow at a CAGR of 8.2% from 2023 to 2028. The continuous evolution of 5G technology, including the introduction of new frequency bands, network architectures, and features, creates the need for updated testing solutions. Testing solutions help validate 5G-enabled devices, applications, and network infrastructure interoperability. However, the high costs associated with developing advanced 5G testing solutions pose a barrier to the growth of this market.

• Published: June 2023

Recycled PET Market worth $15.0 billion by 2028

The report "Recycled PET Market by Type (Flakes, Chips), Grade (Grade A, Grade B), Source (Bottles & Containers, Films & sheets), Application ( Bottles, fiber, Sheets, Strapping), Color (Clear, Colored), & Region (APAC, NA, Europe, MEA, SA) - Global Forecast to 2028", The global recycled PET market size is projected to reach USD 15.0 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. The global recycled PET market size is expected to grow from USD 11.0 billion in 2023 to USD 15.0 billion by 2028, at a CAGR of 6.5% during the forecast period. The increasing global demand for sustainable and environmentally friendly packaging solutions is a major driving factor for the recycled PET market. Consumers are increasingly aware of the environmental impact of plastic waste and are actively seeking more eco-friendly alternatives. This heightened consumer demand, coupled with corporate sustainability initiatives, has pushed businesses to adopt recycled PET as a viable solution.

• Published: June 2023

Surgical Procedures Market worth 1,27,748.5 Thousand Procedures by 2028

According to a research report "Surgical Procedures Market By Type (Gastrointestinal, Cardiovascular, Dental, Cosmetic, Urologic, Ophthalmic, Orthopedic, ENT, Nervous System, Obstetric/Gynecologic), Channel (Physician Offices, Hospitals, ASCs) - US Forecast to 2028" is projected to reach 1,27,748.5 thousand procedures by 2028 from 1,08,275.5 thousand procedures in 2023, at a CAGR of 3.4% during the forecast period.

• Published: June 2023

Microirrigation Systems Market worth $17.8 billion by 2028

According to a research report "Microirrigation Systems Market by Type (Drip & Micro-sprinkler), Crop Type (Orchard crops & vineyards, Field Crops, Plantation Crops), End User (Farmers, Industrial Users ), & Region( NA, Europe, APAC, South America, RoW) - Global Forecast to 2028" published by MarketsandMarkets, the microirrigation systems market is estimated at USD 10.4 billion in 2022 and is projected to reach USD 17.8 billion by 2028, at a CAGR of 9.4% from 2023 to 2028. Advancements in technology have significantly improved the efficiency and effectiveness of microirrigation systems. Automation and control systems allow for precise monitoring and management of water applications, ensuring optimal irrigation scheduling and reducing human error. Additionally, innovations in sensor technology, remote monitoring, and data analytics have enabled real-time monitoring of soil moisture levels, weather conditions, and crop water requirements, leading to improved irrigation management.

• Published: June 2023

Textile Yarn Market worth $18.5 billion by 2028

According to a research report "Textile Yarn Market by Source (Chemical, Plant, Animal), Type (Artificial, Natural), Application (Apparel, Home Textile, Industrial), and Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2028" published by MarketsandMarkets, the textile yarn market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 18.5 billion by 2028, at a CAGR of 5.1% from 2023 to 2028. Key factor contributing to the growing demand for textile yarn is the expanding middle class in emerging economies. As more individuals enter the middle-income bracket, there is a higher demand for affordable and fashionable clothing, driving the consumption of textile yarns.

• Published: June 2023

Battery Recycling Market worth $54.3 billion by 2030

The report "Battery Recycling Market by Source (Automotive Batteries, Industrial Batteries, Consumer & Electronic Appliance Batteries), Chemistry (Lead Acid, Lithium-based, Nickel-based), Material (Metals, Electrolyte, Plastics) and Region - Global Forecast to 2030", is projected to grow from USD 26.9 billion in 2023 to USD 54.3 billion by 2030, at a CAGR of 10.5%. The mounting demand for electric vehicles to limit the rising pollution levels has spurred the consumption of batteries. While these have lower self-discharge rates than other rechargeable cells such as Ni-Cad and NiMH, they offer high energy and power density and are thus used in various applications, from cellular phones, industrial equipment, to electric-drive vehicles.

• Published: June 2023

Positron Emission Tomography Market worth $3.5 billion by 2028

The report "Positron Emission Tomography Market by Product (Standalone PET Systems, PET/CT Systems, PET/MRI Systems), Application (Oncology, Cardiology, Neurology), End User (Hospitals & Surgical Centers, Diagnostic & Imaging Clinics) & Region - Global Forecasts to 2028", The global positron emission tomography market is projected to reach USD 3.5 billion by 2028 from USD 2.5 billion in 2023, at a CAGR of 6.6% from 2023 to 2028. The major factors driving the growth of this market include rising geriatric population, various chronic diseases, and increasing healthcare expenditure increasing public-private funds and investments in emerging markets.

• Published: June 2023

Mining & Metal Filtration Market worth $888 million by 2028

The report "Mining & Metal Filtration Market by Filter Type (Liquid Filter Media, Air Filter Media), Filter Media (Woven Fabric, Non-Woven Fabric, Filter Paper, Fiberglass ), Application, and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028", The mining & metal filtration market is projected to reach USD 888 Million by 2028, at a CAGR of 4.7% from USD 707 Million in 2023. The mining & metal filtration market is mainly driven by the increasing demand for metals. Moreover, it is also driven by stringent environmental regulations, and increasing emphasis on product quality and consistency.

• Published: June 2023

Next-Generation Solar Cell Industry worth $7.4 billion by 2028

The report "Next-Generation Solar Cell Market by Material Type (Cadmium Telluride (CdTe), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon, Gallium-Arsenide, Others), Installation (On-Grid, Off-Grid), End User and Geography - Global Forecast to 2028" The next-generation solar cell industry size is valued at USD 3.0 billion in 2023 and is projected to reach USD 7.4 billion by 2028, growing at a CAGR of 19.5% during the forecast period from 2023 to 2028. The major driving factors are technological advancement in next-generation solar cells, government initiatives in solar PV projects, and increasing demand for solar cells in the residential and commercial sectors.

• Published: June 2023

Sensor Fusion Industry worth $18.0 billion by 2028

The report "Sensor Fusion Market by Algorithms (Kalman Filter, Bayesian Filter, Central Limit Theorem, Convolutional Neural Networks), Technology (MEMS, Non-MEMS), Offering (Hardware, Software), End-Use Application and Region - Global Forecast to 2028" The sensor fusion market is projected to grow from USD 8.0 billion in 2023 to USD 18.0 billion by 2028, registering a CAGR of 17.8% during the forecast period. The market growth is attributed to the increasing demand for integrated sensors in smartphones and increasing demand for smart homes and building automation. Furthermore, the growing demand for advanced driver assistance systems (ADAS) and the deployment of autonomous vehicles is expected to create lucrative opportunities for the market.

• Published: June 2023

Bulk Food Ingredients Market worth $454.6 billion by 2028

According to a research report "Bulk Food Ingredients Market by Primary Processed Type, Secondary Processed Type, Application (Food, Beverage), Distribution Channel (Direct from Manufacturers, Distributors), and Region - Global Forecast to 2028" published by MarketsandMarkets, the bulk food ingredients market is estimated at USD 454.6 billion by 2028 from USD 366.7 billion by 2023, at a CAGR of 4.4% during the forecast period in terms of value. Bulk items are ingredients that go into packaged, processed, and ready-to-eat products like chocolates, candy, and beverages. Dry fruits and nuts, sugar, spices, wheat, rice, herbs, and other edibles make up the majority of these food categories. Due to rising spending on packaged and processed goods, the market for bulk ingredients is booming. A significant shift in lifestyle in developing economies has also increased demand for prepared and processed foods. Additionally, it is predicted that the market will benefit from consumers shifting their preferences from synthetic and pre-packaged consumables to organic, raw, and clean food items, particularly in developed countries. These consumables, such as flour and oils, are also final goods. They are purchased in large quantities from wholesalers and distributed to a variety of retail stores, supermarkets, hypermarkets.

• Published: June 2023

Viral Vector & Plasmid DNA Manufacturing Market worth $12.8 billion by 2028

The report "Viral Vector Manufacturing Market by Type (Viral Vector [Retroviruses, Adenoviruses, AAV, Lentiviruses], Plasmid DNA), Workflow (Upstream, Downstream), Application (Cell & Gene Therapy), Diseases (Cancer), End User & Region - Global Forecast to 2028", The global viral vector & plasmid DNA manufacturing market is projected to reach USD 12.8 billion by 2028 from USD 5.5 billion in 2023, at a CAGR of 18.2% during the forecast period of 2023 to 2028. The growth of this market is driven by rising prevalence of target diseases and disorders, the availability of funding for gene therapy development, effectiveness of viral vectors in gene therapy delivery, and ongoing research into viral vector-based gene and cell therapies, leading to expanded applications and adoption of viral vector and plasmid DNA manufacturing technologies.

• Published: June 2023

Flow Chemistry Market worth $2.9 billion by 2028

The report "Flow Chemistry Market by reactor (Tabular Reactors, Microreactors, Oscillatory Flow Rectors, Droplet-Based Reactors, Photochemical Reactors), Purification Method( Chromatography, Liquid-Liquid Extraction), Application, & Region - Global Forecast 2028", The Flow chemistry market is expected to grow at a CAGR of 10.4% during the forecast period, from an estimated USD 1.7 billion in 2023 to USD 2.9 billion by 2028. Rapid Growth in the Global Pharmaceutical Industry, Increasing Demand for Greener and more sustainable chemical production will drive the flow chemistry market.

• Published: June 2023

Transformer Oil Market worth $3.0 billion by 2030

According to a research report "Transformer Oil Market by Oil Type (Mineral (Naphthenic, Paraffinic), Silicone, Bio-based), Application (Transformer, Switchgear, Reactor), End-User (Transmission & Distribution, Power Generation, Railways & Metros), Region - Global Forecast to 2030" published by MarketsandMarkets, the transformer oil market is projected to reach USD 3.0 billion by 2030 from an estimated USD 2.0 billion in 2023, at a CAGR of 5.9% during the forecast period.

• Published: June 2023

Insect Repellent Active Ingredients Market worth $1.5 billion by 2028

According to a research report "Insect Repellent Active Ingredients Market by Type (DEET, Picaridin, IR 3535, P-Methane3,8 DIOL, DEPA), Concentration (Less than 10%, 10% to 50%, More Than 50%), Insect Type (Mosquitoes, Bugs), End Application and Region - Global Forecast to 2028" published by MarketsandMarkets, the insect repellent active ingredients market is estimated at USD 1.0  billion in 2023 and is projected to reach USD 1.5 billion by 2028, at a CAGR of 7.6% from 2023 to 2028. The rise in insect-borne diseases, such as malaria, dengue fever, Zika virus, and Lyme disease, has heightened the need for effective insect repellents. According to WHO 2020, More than 17% of all infectious diseases are vector-borne diseases, which result in more than 700 000 deaths per year. They may be caused by bacteria, viruses, or parasites. As people become more aware of the health risks associated with insect bites, the demand for insect repellent products, and consequently, their active ingredients, has increased.

• Published: June 2023

AC Circuit Breaker Market worth $5.3 billion by 2028

According to a research report "AC Circuit Breaker Market by Insulation Type (Air, Gas, Vacuum), Voltage (Medium, High, Very-high), Installation (Indoor, Outdoor), End-Use Industry (Transmission & Distribution Utilities, Power Generation, Industrial) & Region - Global Forecast to 2028" published by MarketsandMarkets, the global AC Circuit Breaker market is projected to reach USD 5.3 billion by 2028 from an estimated USD 4.1 billion by 2023, at a CAGR of 5.3% during forecast period. An AC circuit breaker is a switch that interrupts or breaks the flow of electrical energy. The AC power system uses alternating current (AC) and it must be interrupted by an approved device for safety reasons. It can also be used to incrementally break electric current instead of switching off abruptly. They are designed to trip at currents between five and ten times their rated load.

• Published: June 2023

Automatic Tire Inflation System Market worth $138 million by 2028

According to a research report "Automatic Tire Inflation System Market by Type (Central, Continuous), On-highway Vehicle (LDV, HDV), Off-highway (Agriculture, Construction), Electric Vehicles (Truck, Bus), Sales Channel (OEM, Aftermarket), Component, Region - Global Forecast to 2028" published by MarketsandMarkets, the automatic tire inflation system market is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period.

• Published: June 2023

Indoor Farming Technology Market worth $32.3 billion by 2028

According to a research report "Indoor Farming Technology Market by Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), Facility Type, Component, Crop Type (Fruits & Vegetables, Herbs & Microgreens, Flowers & Ornamentals) and Region - Global Forecast to 2028" published by MarketsandMarkets, the indoor farming technology market is projected to reach USD 32.3 billion by 2028 from USD 20.3 billion by 2023, at a CAGR of 9.7% during the forecast period in terms of value. The market for indoor farming technology is experiencing growth due to increasing demand for locally sourced and fresh produce which has led to a surge in indoor farming projects.

• Published: June 2023

Pressure Vessels Industry Growth News - $62.7B by 2028

According to a research report "Pressure Vessels Market by Type (Boilers, Reactors, Separators), Material, Heat Source (Fired Pressure Vessel and Unfired Pressure Vessel), Application (Storage Vessels and Processing Vessels), End-User Industry and Region - Global Forecast to 2028" published by MarketsandMarkets, the global pressure vessels  market is projected to reach USD 62.7 billion by 2028 from an estimated USD 50.3 billion in 2023, at a CAGR of 4.5% during the forecast period.

• Published: June 2023