Press Releases from MarketsandMarkets (7355 total)
Air Insulated Switchgear Market worth $85.9 Billion by 2029
The global Air Insulated Switchgear Market in terms of revenue was estimated to be worth $67.3 billion in 2024 and is poised to reach $85.9 billion by 2029, growing at a CAGR of 5.0% from 2024 to 2029 according to a new report by MarketsandMarkets™. The AIS market is poised for substantial growth during this period, primarily due to the development of power distribution infrastructure in response to the…
Gas Separation Membrane Market worth $1.6 billion by 2030 | Key players Air Liqu …
According to recent market research the "Gas Separation Membrane Market by Module, Material Type, Application (Nitrogen Generation & Oxygen Enrichment, Hydrogen Recovery, CDR, Vapor/Gas Separation, Vapor/Vapor Separation, Air Dehydration, H2S Removal), and Region - Global Forecast to 2030", gas separation membrane market is projected to reach USD 1.6 billion by 2030, at a CAGR of 7.4% from USD 1.0 billion in 2023. The major factors propelling the gas separation membrane…
Graphic Film Market worth $36.2 billion by 2028 | Key players 3M (US), Avery Den …
According to recent market research the "Graphic Film Market by Product Type (Polyethylene, Polypropylene, Polyvinyl Chloride), Film Type (Opaque, Transparent, Translucent, Reflective), Manufacturing Process, Printing Technology, End-Use Industry, and Region - Global Forecast to 2028", size is estimated to be USD 28.9 billion in 2023, and it is projected to reach USD 36.2 billion by 2028 at a CAGR of 4.6%. Rising population, improving living standards, increasing industrialization, rising automotive…
With 14.1% CAGR, Biometric System Market Growth to Surpass USD 82.9 billion
The Global Biometric System Market Size is expected to grow from USD 42.9 billion in 2022 to USD 82.9 billion by 2027, at a CAGR of 14.1%.
Increasing the advancements in biometric technology across various sectors and rising demand for authentication and identification solutions as well as security and surveillance solutions in various application areas are the primary factors driving the market growth. Moreover, growing adoption of biometric system industry in…
Cultivating Growth: Illuminating the Future of Horticulture Lighting Technology
The horticulture lighting market is expected to reach USD 10.4 billion by 2028 from USD 3.7 billion in 2023, at a CAGR of 22.4% during the 2023-2028 period. One of the most significant driver of horticulture lighting is its capability to enable year-round crop production, regardless of the external climate and sunlight availability. This breakthrough in agricultural technology has revolutionized the way crops are cultivated and has become a game-changer…
Unlocking the Power of Touch: Exploring the Latest Trends and Innovations in Hap …
The Global Haptic Technology Market Size is estimated to be worth USD 3.9 billion in 2022 and is projected to reach USD 5.0 billion by 2028, at a CAGR of 3.7% during the forecast period.
Rising integration of haptic technology into consumer devices, growing use of haptic technology in automotive industry, and increasing use of haptics in the healthcare industry are some of the major factors contributing to the haptic technology…
Distribution Automation Market is Projected to Reach $36.5 billion by 2029 | Lea …
According to a research report "Distribution Automation Market by Offering (Field Devices, Software, Services), Communication Technology (Wired (Fiber Optic, Ethernet, Powerline Carrier, IP), Wireless), Utility (Public Utilities, Private Utilities) and Region - Global Forecast to 2029" published by MarketsandMarkets, the global distribution automation market is estimated to be valued at USD 19.3 billion in 2024 and is projected to reach USD 36.5 billion by 2029; growing at a CAGR of…
Recycled Materials for Mobility Applications Market worth $3.9 billion by 2027 | …
According to recent market research the "Recycled Materials for Mobility Applications Market by Material Type (Polymer Materials, Composites), Vehicle Type (Passenger Cars, Commercial Vehicles), Component, Application (OEMs, Aftermarkets), And Region - Global Forecast to 2027", is expected to grow from USD 2.5 billion in 2022 to USD 3.9 billion by 2027, at a CAGR of 8.6% during the forecasted period. The recycled materials for mobility applications market are witnessing significant…
Basalt Fiber Market worth $503 million by 2028 | Key players Kamenny Vek (Russia …
According to recent market research the "Basalt Fiber Market by Usage (Composites, Non-Composites), End-Use Industry (Construction & Infrastructure, Automotive & Transportation, Wind Energy, Electrical & Electronics, Marine), and Region - Global Forecast to 2028", is expected to grow significantly over the next several years, with a predicted valuation of USD 503 million by 2028, up from USD 279 million in 2023. Throughout the predicted period, a strong compound annual growth…
Distribution Transformer Market is Projected to Reach $24.9 billion by 2029 | Le …
According to a research report "Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, Above 10 MVA), Insulation(Oil Immersed, Dry), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for distribution transformers is projected to reach approximately USD 24.9 billion by the year 2029, as compared to the estimated value of…
Transforming Agriculture: The Role of Farm Management Software
The Farm Management Software Market is projected to reach from USD 3.4 billion in 2024 to USD 5.8 billion by 2029; it is expected to grow at a CAGR of 11.0% from 2024 to 2029. With agriculture evolving into a data-centric industry, there's a surging need for software solutions capable of analyzing vast datasets to deliver actionable insights. Farm management software provides farmers with the tools to turn their farms…
Digital Signage Market: Expanding Horizons and Emerging Trends
The digital signage market is projected to reach USD 26.1 billion by 2028 from USD 18.7 billion in 2023, at a CAGR of 6.9% from 2023 to 2028. Constantly increasing technological advancements related to displays, growing demand for digital signage for infrastructural applications and increasing demand for 4K and 8K displays are some of the major factors contributing to the growth of the digital signage market globally.
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Wafer Cleaning Equipment Market: Trends, Insights, and Future Outlook
The wafer cleaning equipment market is expected to reach USD 16.5 billion by 2028 from USD 10.1 billion in 2023, at a CAGR of 10.4% during the 2023-2028 period.
Categorically, the wafer cleaning equipment market is divided into several equipment types: single wafer spray system, single wafer cryogenic system, batch immersion cleaning system, batch spray cleaning system, and scrubber. The choice of which specific wafer cleaning equipment to employ is…
Aluminum Foam Market worth $55 million by 2027 | Key players Mayser GmbH & Co. K …
According to recent market research the "Aluminum Foam Market by Type (Open-Cell, Closed-Cell), Application (Anti-Intrusion Bars, Heat Exchangers, Sound Absorbers, Filters), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), and Region - Global Forecast to 2027", size is expected to grow from USD 43 million in 2022 to USD 55 million by 2027, at a CAGR of 4.8% during the forecast period. A significant growth is observed in the market because…
Concrete Admixtures Market worth $25.9 billion by 2028 | Key players Sika AG (Sw …
According to recent market research the "Concrete Admixtures Market by Type (Superplasticizers, Normal Plasticizers, Accelerating Admixtures, Retarding Admixtures, Air-entraining Admixtures), Application (Residential, Commercial, Infrastructure), and Region - Global Forecast to 2028", size was USD 18.6 billion in 2023 and is projected to reach USD 25.9 billion by 2028, at a CAGR of 6.9%, between 2023 and 2028.
Browse 295 market data Tables and 49 Figures spread through 257 Pages and in-depth…
Synthetic Natural Gas Market worth $68.4 Billion by 2029
The global Synthetic Natural Gas Market in terms of revenue was estimated to be worth $23.9 billion in 2024 and is poised to reach $68.4 billion by 2029, growing at a CAGR of 23.4% from 2024 to 2029 according to a new report by MarketsandMarkets™. The global Synthetic Natural Gas Market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market…
Distribution Transformer Market Size to Reach $24.9 billion by 2029 | Leading ke …
According to a research report "Distribution Transformer Market by Mounting (Pad, Pole, Underground), Phase (Three and Single), Power Rating (Up to 0.5 MVA, 0.5-2.5 MVA, 2.5-10 MVA, Above 10 MVA), Insulation(Oil Immersed, Dry), End User and Region - Global Forecast to 2029" published by MarketsandMarkets, the market size for distribution transformers is projected to reach approximately USD 24.9 billion by the year 2029, as compared to the estimated value of…
With 9.4% CAGR, Telecom Power System Market Growth to Surpass USD 6.6 billion
The global telecom power system market share is projected to grow from USD 4.2 billion in 2023 to USD 6.6 billion by 2028; it is expected to grow at a CAGR of 9.4% from 2023 to 2028.
The telecom power systems market is witnessing significant growth due to several key factors. Firstly, the increasing deployment of 5G networks, which require more efficient and reliable power systems, is driving the demand for…
Powering the Future: The Growing Impact of Lithium-Ion Batteries in Energy Stora …
The global lithium-ion battery market size is expected to grow from USD 56.8 billion in 2023 to USD 187.1 billion by 2032, at a CAGR of 14.2% from 2023 to 2032. A lithium-ion battery comprises three key components-a positive electrode, a negative electrode, and an electrolyte. Lithium-ion batteries are classified into various other classes based on the materials used for electrodes. The materials combined with lithium in such batteries are…
Shaping the Future of Connectivity: Silicon Photonics Emerges as the Key to High …
The silicon photonics market was valued at USD 1.3 billion in 2022 and is projected to reach USD 5.0 billion by 2028, growing at a CAGR of 28.5% from 2023 to 2028. The growing deployment of 5G networks is one of the major opportunities in the market.
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The silicon photonics market for data centers and high-performance computing is expected to see the highest growth rate during…
Bromine Market worth $4.4 billion by 2028 | Key players LANXESS AG (Germany), To …
According to recent market research the "Bromine Market by Derivative (Organobromine, Clear Brine Fluids and Hydrogen Bromide), Application (Flame Retardants, PTA Synthesis, Water Treatment & Biocides, HBR Flow Batteries), End-User & Region - Global Forecast to 2028", is expected to grow from USD 3.6 billion in 2023 to USD 4.4 billion by 2028, at a CAGR of 4.2%. The major factors driving the bromine market is extensive consumption in diversified…
Lithium-ion Battery Binders Market worth $3.7 billion by 2027 | Key players Arke …
According to recent market research the "Lithium-ion Battery Binders Market by Type (Anode and Cathode), Material (PVDF, CMC, PMMA, SBR), Battery Chemistry, End Use (Automotive, Consumer Electronics, Energy Storage, Industrial), and Region - Global Forecast to 2027", is projected to grow from USD 1.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 18.7% from 2022 to 2027. Growing demand of various applications such as automotive,…
Fuel Cell Market Size to Hit $8.7 billion by 2028 | Leading key players are Bloo …
According to a research report "Fuel Cell Market by Type (PEMFC, SOFC, PAFC, MFC, DMFC, AFC), Application (Portable, Stationary, Vehicle (FCVs)), End User (Residential, C&l, Transportation, Data Center, Military & Defense), Size, Fuel, Component and Region - Global Forecast to 2028" published by MarketsandMarkets, the fuel cell market is projected to reach USD 8.7 billion by 2028 from an estimated USD 3.3 billion in 2023, at a CAGR of 21.7%…
With 4.4% CAGR, Industrial Valves Market Growth to Surpass USD 99.8 billion
The global industrial valves market size is expected to grow from USD 80.4 billion in 2023 to USD 99.8 billion by 2028, at a CAGR of 4.4%. The growth of the industrial valves market can be attributed to the growing demand for industrial valves from healthcare and pharmaceutical industries, establishment of new power plants and revamping of existing ones, rising demand for adoption of automation solutions, and establishment of smart…
Ensuring Workplace Safety: Exploring the Evolving Landscape of Machine Safety Te …
The global Machine safety market is expected to grow from USD 5.4 billion in 2024 to USD 7.0 billion by 2029, registering a CAGR of 5.4%. The growing trend of automation in various industries, such as manufacturing, automotive, and logistics, has led to a higher demand for machine safety solutions. As more machines and robots are integrated into work processes, ensuring the safety of both workers and equipment becomes a…
Unlocking Growth Opportunities: The Latest Trends in Testing, Inspection, and Ce …
The global testing, inspection, and certification (TIC) market is expected to reach USD 280.6 billion by 2029 from USD 233.2 billion in 2024, at a CAGR of 3.8% during the forecast period. The rise in demand for TIC services is driven by stringent government regulations for ensuring product safety, the demand for interoperability testing, and the surge in trade involving counterfeit and defective products. Additionally, the growing emphasis on digitalization…
Self-Adhesive Labels Market worth $69.2 billion by 2028 | Key players CCL Indust …
According to recent market research the "Self-Adhesive Labels Market by Composition (Facestock, Adhesive, Release Liner), Nature (Permanent, Removable, Repositionable), Type (Release Liner, Linerless), Printing Technology, Application, and Region - Global Forecast to 2028", is projected to grow from USD 53.2 billion in 2023 to USD 69.2 billion by 2028, at a CAGR of 5.4% from 2023 to 2028. The self-adhesive labels market is driven by several key factors that contribute…
Thermoplastic Vulcanizates Market worth $4.9 billion by 2032 | Key players DuPon …
According to recent market research the "Thermoplastic Vulcanizates Market by Processing Method (Injection Molding, Extrusion), Application (Automotive, Footwear, Consumer Goods, Fluid Handling, Medical), and Region (North America, Europe, South America, APAC, MEA) - Global Forecast to 2032", is approximated to be USD 2.6 billion in 2022, and it is projected to reach USD 4.9 billion by 2032, at a CAGR of 6.5%. Rising population, increasing disposal income, rising industrialization, improving…
Remote Patient Monitoring Market Vital Role in Healthcare Evolution
The global Remote Patient Monitoring (RPM) market is poised for robust growth as healthcare technology continues to advance, enabling more efficient and patient-centered care. RPM solutions, which allow for the remote monitoring of patients' health and vital signs, have gained significant traction in recent years, driven by the growing need for continuous health monitoring and the widespread adoption of digital health technologies.
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The global remote patient monitoring…
Surface Disinfectant Market worth $4.2 billion by 2028
Surface Disinfectant Market in terms of revenue was estimated to be worth $2.6 billion in 2023 and is poised to reach $4.2 billion by 2028, growing at a CAGR of 9.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The players operating the surface disinfectant market are enjoying favorable opportunities due to increased demand for infection control measures aimed at reducing hospital acquired infections, an increase in…
With 32.6% CAGR, Silicon Carbide Market Growth to Surpass USD 17.2 billion
The silicon carbide market is estimated to be worth USD 4.2 billion in 2024 and is projected to reach USD 17.2 billion by 2029, growing at a CAGR of 32.6% during the forecast period. The increasing adoption of SiC in electric vehicles is expected to drive the market growth of silicon carbide. Furthermore, the surge in adoption of SiC devices in telecommunication applications is anticipated to provide growth opportunities for…
Smart Agriculture Market Growing at the Fastest Rate in Americas Region
The smart agriculture market is projected to reach USD 25.4 billion by 2028 from USD 16.2 billion in 2023, at a CAGR of 9.4% from 2023 to 2028. Surging use of modern technologies in agriculture and rising adoption of IoT, ROVs, and AI in aquaculture farming are among the key factors driving the growth of the Smart Agriculture market.
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Driver: Rising adoption of IoT, ROVs, and AI…
Unlocking the Future: Exploring the Latest Trends and Innovations in Access Cont …
The access control market is projected to grow from USD 10.4 billion in 2024 and is expected to reach USD 15.2 billion by 2029, growing at a CAGR of 7.8% from 2024 to 2029. The rising number of smart infrastructure and smart city projects is driving the market for access control systems. Access control systems can be integrated with traffic management systems, public safety networks, and even building automation systems,…
Agricultural Films Market worth $18.2 billion by 2028 | Key players Berry Plasti …
According to recent market research the "Agricultural Films Market by Type (LLDPE, LDPE, Reclaim, EVA, HDPE), Application ((Greenhouse Films (Classic Greenhouse, Macro Tunnels), Silage Films (Silage Stretch Wraps), & Mulch Films (Transparent, Clear Mulches)), and Region - Global Forecast to 2028", size was USD 12.2 billion in 2022 and is projected to reach USD 18.2 billion by 2028, at a CAGR of 6.9% from 2023 to 2028. The market is…
Terpene Resins Market worth $1,450 million by 2027 | Key players Kraton Corporat …
According to recent market research the "Terpene Resins Market by product type (Solid, Liquid), grade (Industrial, Technical), application (Inks & coatings, adhesives & sealants, chewing gums pulp & paper, plastic & rubber, leather processing), and Region- Global Forecast to 2027", size is projected to reach USD 1,450 million by 2027 from USD 991 million in 2022, at a CAGR of 7.9% during the forecast period. Increasing adoption of terpene resins…
Preparative and Process Chromatography Market worth $15.6 billion by 2028
Preparative and Process Chromatography Market in terms of revenue was estimated to be worth $11.3 billion in 2023 and is poised to reach $15.6 billion by 2028, growing at a CAGR of 6.8% from 2023 to 2028 according to a new report by MarketsandMarkets. The growth of this market is majorly driven by growth of CROs and CMOs in pharmaceutical industry, growing demand for monoclonal antibodies, and rise in need…
Nucleic Acid Isolation and Purification Market Worth $9.4 billion | MarketsandMa …
Nucleic Acid Isolation and Purification Market in terms of revenue was estimated to be worth $6.4 billion in 2023 and is poised to reach $9.4 billion by 2028, growing at a CAGR of 8.1% from 2023 to 2028 according to a new report by MarketsandMarkets. Factors responsible for the growth of this market include technological advancements, growing research & development activities, and growing automation. Opportunities such as emerging economies are…
With 26.4% CAGR, Battery Energy Storage System Market Growth to Surpass USD 17.5 …
The battery energy storage system market is estimated to be worth USD 5.4 billion in 2023 and is projected to reach USD 17.5 billion by 2028, at a CAGR of 26.4% during the forecast period. The Improvements in battery technology and Government policies and regulations are also supporting the growth of the global battery energy storage system market. Moreover, the growing concerns about climate change is also a key factor…
Smart Manufacturing: Harnessing Artificial Intelligence for Efficiency and Innov …
The artificial intelligence in manufacturing market is estimated to be valued at USD 3.2 billion in 2023 and is projected to reach USD 20.8 billion by 2028, at a CAGR of 45.6% from 2023 to 2028. Artificial intelligence (AI) in manufacturing refers to the emulation of human intelligence for interacting with machines, extracting data from various sources, analyzing that data, and executing necessary tasks. These tasks encompass activities such…
Emerging Technologies and the Future of Testing, Inspection, and Certification M …
The global testing, inspection, and certification (TIC) market is expected to reach USD 280.6 billion by 2029 from USD 233.2 billion in 2024, at a CAGR of 3.8% during the forecast period. The rise in demand for TIC services is driven by stringent government regulations for ensuring product safety, the demand for interoperability testing, and the surge in trade involving counterfeit and defective products. Additionally, the growing emphasis on digitalization…
Electrical Steel Market worth $ 60.7 billion by 2028 | Key players ArcelorMittal …
According to recent market research the "Electrical Steel Market by Type (Non-grain-oriented, and Grain-oriented), Application (Transformer, Motors, Inductors), End-user Industry (Automotive, Energy, Manufacturing, Household Appliances), and Region - Global Forecast to 2028", is approximated to be USD 40.6 billion in 2023, and it is projected to reach USD 60.7 billion by 2028, at a CAGR of 8.4%. The electrical steel market is expected to experience significant growth in the coming…
Cross Linking Agents Market worth $13.6 billion by 2028 | Key players BASF SE (G …
According to recent market research the "Cross Linking Agents Market by Chemistry (Amino, Amine, Amide, Aziridine, Isocyanate, Carbodiimide), Application (Decorative, Industrial (Transportation Coatings, Industrial, Protective Coatings, Marine Coatings), & Region - Global Forecast to 2028", is projected to reach USD 13.6 billion by 2028, at a CAGR of 6.5% from USD 9.9 billion in 2023. The Cross-Linking Agent market is mainly driven by the factors including the demand for high-performance…
MRI Systems Market Worth $6.6 billion | MarketsandMarkets
MRI Systems Market in terms of revenue was estimated to be worth $5.2 billion in 2023 and is poised to reach $6.6 billion by 2028, growing at a CAGR of 5.0% from 2023 to 2028 according to a new report by MarketsandMarkets. The major factors driving the growth of this market include the launch of technologically advanced products by the key players and rising demand for early diagnosis. Recent technological…
Temperature Management Systems Market Worth $3.9 billion | Asahi-kasei Corporati …
Temperature Management Systems Market in terms of revenue was estimated to be worth $3.0 billion in 2023 and is poised to reach $3.9 billion by 2028, growing at a CAGR of 4.9% from 2023 to 2028 according to a new report by MarketsandMarkets. Growth in the temperature management systems market is mainly driven by the increasing prevalence of chronic and infectious diseases, the rising number of surgical procedures, and the…
Electric Heat Tracing Market Set to Grow at the Fastest Rate- Time to Grow your …
The global electric heat tracing market is expected to be valued at USD 2.96 billion in 2024 and is projected to reach USD 4.34 billion by 2029; it is expected to grow at a CAGR of 7.9% from 2024 to 2029. The electric heat tracing market is experiencing substantial growth due to a convergence of factors. Increasing demand for convenience and efficiency in various applications such as for freeze protection,…
Video Surveillance Market Projected to reach $83.3 billion by 2028
The global video surveillance market is expected to be valued at USD 53.7 billion in 2023 and is projected to reach USD 83.3 billion by 2028; it is expected to grow at a CAGR of 9.2% from 2023 to 2028. The market growth is driven by growing security concerns, technological advancements, and the integration of AI-powered analytics. The market's expansion is further propelled by increasing demand for real-time monitoring, remote…
With 61.3% CAGR, Digital Twin Market Growth to Surpass USD 110.1 billion
The global digital twin market size is projected to grow from USD 10.1 billion in 2023 to USD 110.1 billion by 2028 at a CAGR of 61.3% during the forecast period. The key factors fueling the growth of this market include the rising emphasis on digital twins in manufacturing industries to reduce cost and improve supply chain operations and the increasing demand for digital twins from the healthcare industry.
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Gene Therapy Market Size And Global Industry Forecast
Gene Therapy Market in terms of revenue was estimated to be worth $9.0 billion in 2023 and is poised to reach $23.9 billion by 2028, growing at a CAGR of 21.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The rising number of product approvals followed by growing focus on genomic research focused on development of novel therapeutics including gene therapies against critical indications, are the factors…
In Vitro Toxicology Testing Market Global Forecast to 2028
In Vitro Toxicology Testing Market in terms of revenue was estimated to be worth $10.8 billion in 2023 and is poised to reach $17.1 billion by 2029, growing at a CAGR of 9.5% from 2023 to 2029 according to a new report by MarketsandMarkets. Technological advancements taking place in assays and equipment being used for such studies, along with the increasing R&D expenditure to undertake toxicity studies during the early…
Glass Mat Market worth $2.2 billion by 2028 | Key players Owens Corning, (US), 3 …
According to recent market research the "Glass Mat Market by Mat Type (Chopped Strand Mat, Continuous Filament Mat), Binder Type (Emulsion, Powder), Manufacturing Process (Dry-Laid, Wet-Laid), End-Use Industry, Region (North America, APAC, Europe, Latin America, MEA) - Global Forecast to 2028", is projected to grow from USD 1.3 billion in 2022 to USD 2.2 billion by 2028, at a CAGR of 8.6% during the forecast period. Glass mat offers various…
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