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Press Releases from MarketsandMarkets (7463 total)

Airborne Radars Market worth $6.0 billion by 2025

The report "Airborne Radars Market by Technology (Software-defined Radar, Conventional Radar, Quantum Radar), Dimension (2D, 3D, 4D), Application, Platform, Waveform, Component, Frequency Band, Range, Installation Type, and Region - Global Forecast to 2025",, size is estimated to be valued at USD 4.1 billion in 2020. It is projected to reach USD 6.0 billion by 2025, recording a CAGR of 8.0% in terms of value. The market is driven by factors

Torque Sensor Market worth $9.0 billion by 2026

The report "Torque Sensor Market with COVID-19 Impact Analysis by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography - Global Forecast to 2026", is projected to grow from USD 6.8 billion in 2021 to USD 9.0 billion by 2026; it is expected to grow at a CAGR of 5.7% during the forecast period. Owing to COVID-19, the torque

Excitation Systems Market worth $3.4 Billion by 2026

According to the new market research report "Excitation Systems Market by Type (Static and Brushless), Controller Type (Analog and Digital), Application (Synchronous Generators and Synchronous Motors), End User (Power Generation, Heavy Industries, and OEMs) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Excitation Systems Market is expected to grow from an estimated USD 2.7 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of

Ground Support Equipment Market worth $10.2 billion by 2025

The report "Ground Support Equipment Market by Type (Mobile, Fixed), Power Source (Non-Electric, Electric, Hybrid), Platform (Commercial, Military), Point of Sale (Equipment, Maintenance Services), Mode of Operation, Region - Global Forecast to 2025", is projected to grow from USD 4.0 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 20.7% from 2020 to 2025. The growth of the market across the globe can be attributed to

Silicon Carbide Market worth $1,812 million by 2025

According to the research report "Silicon Carbide Market by Device (SiC Discrete Device and Bare Die), Wafer Size (4 Inch, 6 Inch and Above, and 2 Inch), Application (Power Supplies and Inverters and Industrial Motor Drives), Vertical, and Region - Global Forecast to 2025", size is estimated to grow from USD 749 million in 2020 to USD 1,812 million by 2025, at a CAGR of 19.3%. The size-reduction feature facilitated

At a CAGR of 6.4% The global Cryogenic Equipment Market to Reach $17.1 billion b …

According to the new research report "Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps, Others), Cryogen (Nitrogen, Argon, Oxygen, LNG, and Others), End-User (Energy & Power, Chemicals, Metallurgy, Electronics, Shipping, and Others), and Region - Global forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/cryogenic-equipment-market-735.html The cryogenic equipment market is projected to reach USD 17.1 billion by 2025 from an estimated USD 12.6 billion in 2020, at a CAGR of 6.4% during the forecast period.

Small Arms Market worth $9.6 billion by 2025

According to a research report "Small Arms Market by End-Use Sector (Defense, Civil & Commercial), Type (Pistol, Revolver, Rifle, Machine Gun, Shotgun), Caliber (5.56MM, 7.62MM, 9MM), Technology, Cutting Type, Firing Systems, Action, & Region - Global Forecast to 2025", The small arms market size is projected to grow from USD 8.6 billion in 2020 to USD 9.6 billion by 2025, at a CAGR of 2.1% from 2020 to 2025. Factors

Electronic Toll Collection Market worth $10.0 billion by 2025

According to the new market research report "Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application , Type, and Region - Global Forecast to 2025", The electronic toll collection market is projected to reach USD 10.0 billion by 2025 from USD 6.9 billion in 2020; it is expected to grow at a CAGR of 7.7%

Well Intervention Market Revenue Is Anticipated to Reach $8.8 billion by 2025 | …

According to the new market research report " Well Intervention Market by Service (Logging & Bottomhole Survey, Tubing/Packer Failure & Repair, Stimulation, Artificial Lift), Type (Light, Medium, Heavy) Application (Onshore, Offshore) Well (Horizontal, Vertical) Region - Global Forecast to 2025", The well intervention market size will grow to USD 8.8 billion by 2025 (forecasted year) from USD 7.1 billion in 2020 (estimated year), at a post COVID-19 CAGR of 4.5%

Sequence of Events Recorder Market worth $31 Million by 2026

According to the new market research report, "Sequence of Events Recorder Market by Mount type (Rack mounted, Rail mounted), End-user (Data Center, Power Generation, Manufacturing, Others (Hospitals, Laboratories, Petrochemicals, and Pharmaceutical industries)), Region- Global Forecast to 2026", published by MarketsandMarkets™, the sequence of Events Recorder Market size will grow to USD 31 million by 2026 (forecast year) from USD 25 million in 2021 (estimated year), at a CAGR of

Gunshot Detection System Market worth $979 million by 2025

The report "Gunshot Detection System Market by Application (Commercial, Defense), Installation (Fixed, Soldier Mounted, and Vehicle Mounted), Product Type (Indoor, and Outdoor), and Region (North America, Europe, Asia Pacific, Middle East) - Global Forecast to 2025", is estimated at USD 594 million in 2020 and is projected to reach USD 979 million by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% from 2020 to 2025. Gunshot detection systems

5G Enterprise Market worth $10.9 billion by 2027

The report "5G Enterprise Market by Network Type (Hybrid Network, Private Network), Operator Model, Infrastructure, Spectrum, Frequency Band, Organization Size, Application, Vertical, Region - Global Forecast to 2027", is expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by 2027, at a CAGR of 31.8%. A few major factors driving the growth of this market are the emergence of Industry 4.0 paving the way for mMTC,

Full-body Scanners Market worth $485 million by 2025

The report "Full-body Scanners Market by End-Use Sector (Transport, Critical Infrastructure), Technology (X-ray, Millimeter Wave), Output (Single View, Dual View, 3D), Detection (Manual, Automatic), Component (Hardware, Software), and Region - Global Forecast to 2025", is projected to grow from USD 276 million in 2020 to USD 485 million by 2025, at a CAGR of 11.9% from 2020 to 2025. The growth of the market can be attributed to the increase

Livestock Monitoring Market worth $2.3 billion by 2026

The report "Livestock Monitoring Market with COVID-19 Impact Analysis by Offering, Livestock Type, Application (Milk Harvesting, Feeding, Breeding, Behavior Monitoring & Control), Farm Size, Application, Geography - Global Forecast to 2026 ", is expected to grow from USD 1.4 billion in 2021 to USD 2.3 billion by 2026; it is expected to grow at a CAGR of 10.4% during 2021–2026. Key factors fueling this markets growth include livestock monitoring and

At a CAGR of 5.48% The Combined Heat & Power Market to Reach $27.01 Billion by 2 …

According new market research report "Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023", The global CHP market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of

Ride Sharing Market - Insights & Trends

Ridesharing is convenient access to personal mobility whenever and wherever needed by using the transportation network system. Traditional taxicabs are a conventional way of opting for ride-sharing services. Ridesharing has evolved primarily in the last decade with the advent of the internet and smartphones. The modern ride-sharing industry disrupted mobility as a service landscape. The Ride-Sharing Market is projected to grow at a CAGR of 19.87% during the forecast period, to

Smart Elevator Market worth $12.6 billion by 2026

According to the new market research report "Smart Elevator Market with COVID-19 Impact by Component (Control System, Maintenance System, Communication System), Application (Residential, Commercial, Institutional), Services, and Region - Global Forecast to 2026", the global smart elevator market size was valued at USD 9.7 billion in 2021 and is projected to reach USD 12.6 billion by 2026; it is expected to grow at a CAGR of 5.4% from 2021 to

Authentication and Brand Protection Market worth $3.7 billion by 2026

According to a research report "Authentication and Brand Protection Market with COVID-19 impact –Technology (Overt, Covert, Forensic, Digital), Offering (Security Labels, Security Inks, Holograms), Authentication Mode, Application, and Region - Global Forecast to 2026" published by MarketsandMarkets, the authentication and brand protection market is projected to grow from USD 2.5 billion in 2021 to USD 3.7 billion by 2026; it is expected to grow at a CAGR of 8.3%from 2021

Wi-Fi Chipset Market worth $25.2 billion by 2026

The report "Wi-Fi Chipset Market with COVID-19 Impact By IEEE Standard (802.11be, 802.11ax, 802.11ac), End-use application (Consumer, Smarthome, AR/VR, Networking Devices), Band, MIMO configuration, Vertical and Geography - Forecast 2026" The Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026 The major factors driving

Metamaterial Market worth $1,457 million by 2026

The report "Metamaterial Market by Material Type (Electromagnetic, Terahertz, Photonic, Tunable, FSS, and others), Application (Communication Antenna, Windscreen, Solar Panel, sensors, Display, and Medical Imaging), Vertical and Geography - Global Forecast to 2026", The metamaterial market was valued at USD 305 million in 2021 and is projected to reach USD 1,457 million by 2026. It is expected to grow at a CAGR of 36.7% during the forecast period. The variety in

Waterborne Polyurethanes Market | Key players operating in the market include Co …

According to recent market research "Waterborne Polyurethane Market by Application (Coatings, Adhesives, Sealants, Elastomers, And Others), End-Use Industry (Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, And Others), Region - Global Forecast To 2025", : The waterborne polyurethanes market is projected to grow from USD 1.7 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 5.2%. The demand for waterborne polyurethanes in emerging economies,

At a CAGR of 5.82% The Drilling and Completion Fluids Market to Grow $12.76 bill …

According to the new market research report "Drilling and Completion Fluids Market by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023", the drilling and completion fluids market are projected to reach USD 12.76 billion by 2023 from USD 9.62 billion in 2018, at a CAGR of 5.82%. Browse 79 market data Tables and 36 Figures

Rolling Stock Market Insights| Key Players: CRRC (China), Alstom (France), Sieme …

According to the new market research report "Rolling Stock Market by Product Type (Locomotive, Rapid Transit, Wagon, and Coach), Locomotive Technology (Conventional, Turbocharged, and Maglev), Application (Passenger and Freight) & Region – Global Trends and Forecast to 2025", Published by MarketsandMarkets™, is estimated to be USD 51.6 billion in 2020 and is projected to grow to USD 64.3 billion by 2025, at a CAGR of 4.5% during the forecast period.

Industrial Communication Market worth $23.5 billion by 2025

The report "Industrial Communication Market with COVID-19 impact by Offering (Components, Softwares and Services), Communication Protocol (Fieldbus, Industrial ethernet and Wireless), End-use application, and Region - Global Forecast to 2025", is estimated to be valued at USD 17.3 billion in 2020 and is projected to reach USD 23.5 billion by 2025, at a CAGR of 6.3%. This estimation factors in the impact of the COVID-19 pandemic on the market. The

Smart Thermostat Market worth $6.4 billion by 2026

According to the new market research report on the "Smart Thermostat Market by Product (Connected, Learning, Standalone), Connectivity Technology (Wireless, Wired), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Industrial), and Region - Global Forecast to 2026", the smart thermostat market size is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026; it is expected to grow at a CAGR of 20.8% from

Industrial Wax Market worth $8.9 billion by 2025 | Key Players include ExxonMobi …

According to recent market research "Industrial Wax Market by Type (Fossil-based wax, Synthetic wax, Bio-Based wax), Application(Candles, Packaging, Coatings & Polishes, Hot-melt Adhesives, Tires & Rubber, Cosmetics & Personal Care, Food), and Region - Global Forecast to 2025", The Industrial wax market was USD 7.3 billion in 2020 and is projected to reach USD 8.9 billion by 2025, at a CAGR of 4.0 % from 2020. The growing market for

Industrial Filtration Market Projected to Reach $41.1 Billion by 2025

The global Industrial Filtration Market size is expected to grow from an estimated value of USD 29.5 billion in 2020 to USD 41.1 billion by 2025, at a CAGR of 6.9% from 2020 to 2025. The growth of this market is driven by strict government regulations to eliminate air and water pollution. The demand for the treatment of industrial waste and the requirement of a safe working environment in industrial

Unmanned Underwater Vehicles (UUV) Market worth $4.4 billion by 2025

According to a research report "Unmanned Underwater Vehicles (UUV) Market by Type (Remotely Operated Vehicle & Autonomous Underwater Vehicle), ROV & AUV Market by Application, Product, Propulsion System, System, and Region - Global Forecasts to 2025", The global UUV market size is projected to grow from USD 2.0 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 16.4% from 2020 to 2025. The growth of the

Compound Semiconductor Market worth $43.4 billion by 2025

The report "Compound Semiconductor Market with COVID-19 Impact Analysis by Type (GaN, GaAs, SiC, InP), Product (LED, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Power Supply), and Geography - Global Forecast to 2025", size is expected to grow from USD 32.0 billion in 2020 to USD 43.4 billion by 2025, at a CAGR of 6.3%. The increasing use of compound semiconductors in LED applications has fueled the demand

Gas-insulated Switchgear Market Projected to Reach $26.5 Billion by 2025 | ABB, …

The global Gas-Insulated Switchgear Market is projected to grow from USD 16.9 billion in 2020 to USD 26.5 billion by 2025, at a CAGR of 9.5%. The factors driving market growth are the growing investments in renewable energy and government initiatives to reduce carbon emissions along with the expansion of electrical grids due to the growing industrialization and urbanization. A global increase in the demand for electricity is expected to drive

Surveillance Radars Market worth $11.5 billion by 2025

The report "Surveillance Radars Market by Application (Commercial, National Security, Defense & Space), Platform (Land, Airborne, Naval, Space), Frequency Band (HF, UHF & VHF; L; S; C; X; Ku; Ka; Multi-bands), Dimension, Component, Region - Global Forecast to 2025", size is projected to grow from USD 8.0 billion in 2020 to USD 11.5 billion by 2025, at a CAGR of 7.6% from 2020 to 2025. The market is driven by

OLED Market worth $72.8 billion by 2026

The report "OLED Market with COVID-19 Impact Analysis by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography - Global Forecast to 2026", size was valued at USD 38.4 billion in 2021 and is projected to reach USD 72.8 billion by 2026. It is expected to grow at a CAGR of 13.6% during the forecast period. Rapid adoption of OLED displays

Demand for Hydrogen Energy Storage to Grow 5.8% Annually Throughby 2024 | Leadin …

According to the new market research report "Hydrogen Energy Storage Market by State (Liquid, Gas, Solid), Storage Technology (Compression, Liquefaction, Material based), End-User (Industrial, Commercial, Utilities), and Region - Global Forecast to 2024" The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen

FRP Vessels Market | Key players operating in the market include Hexagon Composi …

According to recent market research "FRP Vessels Market by Fiber (Glass, Carbon, Others), Resin (Polyester, Resin, Others), Application (Automotive & Transportation, Water and Wastewater, Chemical, Industrial, Oil & Gas, Others), and Region - Global Forecast to 2025", The global FRP vessels market is expected to grow from USD 3.3 billion in 2020 to USD 4.7 billion by 2025, at a CAGR of 8.0% during the forecast period. Government initiatives emphasizing

Pyrometer Market worth $464 million by 2025

According to the new market research report "Pyrometer Market with COVID-19 Impact Analysis, by Type (Fixed, Handheld), Technology (Optical, Infrared), Wavelength (Single Wavelength, Multiwavelength), End-user Industry (Ceramics, Glass, Metal Processing), and Geography - Global Forecast to 2025", the pyrometer market is estimated to grow from USD 327 million in 2020 to reach USD 464 million by 2025; it is expected to grow at a CAGR of 7.3% from 2020 to

Smart Card Market worth $16.9 billion by 2026

According to a research report "Smart Card Market with Covid-19 Impact by Interface (Contact, Contactless, Dual), Type (Memory, MPU Microprocessor), Functionality (Transaction, Communication, Security and Access Control), Offering, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets, the smart card market is projected to reach USD 16.9 billion by 2026 from USD 13.9 billion in 2021; it is expected to grow at a CAGR of 4.0% from 2021

Alumina Trihydrate Market - Market Leader are Sumitomo Chemical Company, Limited …

The report "Alumina Trihydrate Market by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025" The global alumina trihydrate market size in 2020 is estimated at USD 1.5 billion and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The major drivers

Metal Matrix Composite Market worth $467 million by 2025 | Key Players include M …

According to recent market research "Metal Matrix Composite Market by Matrix Type (Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC), Reinforcement Type, Production Technology, Reinforcement Material, End-Use Industry, and Region – Global Forecast to 2025", The global metal matrix composite market size is expected to grow from USD 467 million in 2020 to USD 787 million by 2025, at a CAGR of 11.0% during the forecast period. The metal

Green Ammonia Market to Hit $852 Million by 2030

The global Green Ammonia Market is projected to reach USD 852 million by 2030 from an estimated USD 11 million in 2020, at a CAGR of 54.9% during the forecast period.. The rising investments in green fuel and large scale green energy plans in Europe and North America, drives the green ammonia market in the region. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale

Artificial Intelligence in Military Market worth $11.6 billion by 2025

The report "Artificial Intelligence in Military Market by Offering (Software, Hardware, Services), Technology (Machine Learning, Computer vision), Application, Installation Type, Platform, Region - Global Forecast to 2025", is estimated at USD 6.3 billion in 2020 and is projected to reach USD 11.6 billion by 2025, at a CAGR of 13.1% during the forecast period. An increase in funding from military research agencies and a rise in R&D activities to develop

SCADA Market worth $13.2 billion by 2026

According to the new market research report "SCADA Market with COVID-19 Impact by Offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human‒Machine Interface, Communication System), End User, and Region - Global Forecast to 2026", the global SCADA market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 13.2 billion by 2026; it is expected to grow at a CAGR of 7.6%

UV Curable Coatings Market | Key players operating in the market include Royal D …

According to recent market research "UV Curable Coatings Market By Composition (Monomers, Oligomers), Type (Wood Coatings, Plastic Coatings, Overprint Varnish, Display Coatings), End-Use Industry (Industrial Coatings, Electronics, Graphic Arts), Region - Global Forecast To 2025", The global UV curable coatings market is expected to grow from USD 6.5 billion in 2020 to USD 11.4 billion by 2025, at a CAGR of 12.0% during the forecast period. Government initiatives emphasizing on

Smart Meters Market Projected to Reach $28.6 Billion by 2025 | Itron, Landis+Gyr …

The global smart meters market size is expected to grow from estimated revenue of USD 20.7 billion in 2020 to USD 28.6 billion by 2025, at a CAGR of 6.7%. This growth is attributed to the government mandate and support policies for smart meter installation across end-use sectors such as residential, commercial, and industrial. Drivers of smart meters industry are real-time monitoring of utility systems and dynamic pricing, and the

Software Defined Radio Market worth $14.5 billion by 2025

The report "Software Defined Radio Market by Platform (Land, Airborne, Naval, Space), Application (Defense, Commercial), Type (General Purpose Radios, Cognitive/Intelligent Radio, Terrestrial Trunked Radio), Frequency Band, Component and Region Global Forecast 2025" The software defined radio market size is projected to grow from USD 11.4 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 4.9% from 2020 to 2025. Vital factors likely to drive the growth

Chilled Beam System Market worth $298 million by 2025

The report "Chilled Beam System Market with COVID-19 impact by Design (Active, Passive, Multi-Service), Business (New Construction, Renovation), Application (Commercial Offices, Educational Institutions, Healthcare, Hotels), Geography - Global Forecasts to 2025", size is projected to reach USD 298 million by 2025 from USD 203 million in 2020 at a CAGR of 7.9%. Increasing need for energy savings coupled with various benefits offered by chilled beam systems such as

Portable Power Station Market Projected to Reach $474 Million by 2025

The global portable power station market size is expected to grow from an estimated USD 330 million in 2020 to USD 474 million by 2025, at a CAGR of 7.5% during 2020-2025. North America is expected to lead the portable power station market, followed by the Asia Pacific and Europe. The demand for portable power stations to ensure power supply during power outages, camping, and outdoor recreational activities in the

Modular Trailer Market – Global Leaders & Geographical Growth

The Modular Trailer Market, by value, is projected to grow to $10.2 billion by 2027 from $7.3 billion in 2019, at a CAGR of 4.3%. The modular trailer market growth is driven by growing end-user industries such as construction & infrastructure, mining, wind & energy, and heavy engineering. Some of the key players in the modular trailer market are Goldhofer (Germany), Nooteboom Trailers (Netherlands), Faymonville Group (Italy), TII Group (Germany), and

Fire-resistant Coatings Market worth $1,106 million by 2025 | Key Players includ …

According to recent market research "Fire-resistant Coatings Market by Type (Intumescent Coatings, Cementitious Coatings), Technology (Solvent-borne, Water-borne), Substrates (Metal, Wood), Application Technique (Spray, Brush & Roller), Application, and Region - Global Forecast to 2025", The fire-resistant coatings market was USD 933 million in 2020 and is projected to reach USD 1,106 million by 2025, at a CAGR of 3.5% from 2020. Increasing awareness and emphasis on safety measures and preference

Ammunition Market worth $24.9 billion by 2025

The report "Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component, Guidance, Lethality (Lethal, Less-lethal), Region - Global Forecast to 2025", size is projected to grow from USD 20.8 billion in 2020 to USD 24.9 billion by 2025, at a CAGR of 3.6% from 2020 to 2025. Factors such as the changing nature of warfare, the militarization of

Vibration Sensors Market worth $3.0 billion by 2025

According to the new market research report "Vibration Sensors Market with Covid-19 Impact by Type (Accelerometers, Proximity Probes, Displacement Sensors, Velocity Sensors), Monitoring Process (Online and Portable), Equipment, Industry, and Region - Global Forecast to 2025", the vibration sensors market was valued at USD 2.0 billion in 2020 and is projected to reach USD 3.0 billion by 2025; it is expected to grow at a CAGR of 8.2% from 2020

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