Press Releases from MarketsandMarkets (7392 total)
With 9.6% CAGR, NDT and Inspection Market Growth to Surpass USD 18.4 billion
The NDT and inspection market is expected to reach USD 18.4 billion by 2029 from USD 11.6 billion in 2024, at a CAGR of 9.6% during the 2024-2029 period.
One of the key drivers in the NDT and Inspection market is elevated demand for NDT and Inspection solutions driven by increased adoption in electronics, automation, and robotics industries. Non-Destructive Testing (NDT) finds application throughout the manufacturing lifecycle, from production to…
Antibody Therapeutics Market Worth $479.0 Billion | F. Hoffmann-La Roche Ltd. (S …
Antibody Therapeutics Market in terms of revenue was estimated to be worth $247.3 billion in 2023 and is poised to reach $479.0 billion by 2028, growing at a CAGR of 14.1% from 2023 to 2028 according to a new report by MarketsandMarkets. The growing advancements in antibody engineering, the growing demand for oncology antibody therapeutics and the increasing clinical pipeline focus on antibody therapeutics are the factors supporting the growth…
Microcarriers Market Size, Share, Trends and Revenue | Thermo Fisher Scientific …
Microcarriers Market in terms of revenue was estimated to be worth $2.0 billion in 2023 and is poised to reach $3.3 billion by 2028, growing at a CAGR of 10.0% from 2023 to 2028 according to a new report by MarketsandMarkets. Growing adoption of microcarriers for cell-based vaccine production, and growing preference for single-use technologies are promoting the growth of microcarriers market. However, limitations in high-density cell culture production might…
Digital Scent Technology Market Set to Grow at the Fastest Rate- Time to Grow yo …
The Digital Scent Technology market is projected to grow from USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2029; it is expected to grow at a CAGR of 10.5% from 2024 to 2029. The growth of the Digital Scent Technology market is driven by growing adoption of e-noses in food industry for process monitoring, freshness evaluation, and authenticity assessment, growing deployment of e-nose devices…
With 5.6% CAGR, Temperature Sensor Market Growth to Surpass USD 9.7 billion
The temperature sensor market is projected to grow from USD 7.4 billion in 2024 to USD 9.7 billion by 2029, registering a CAGR of 5.6% during the forecast period. Increasing penetration of temperature sensors in advanced & portable healthcare equipment and growing demand for temperature sensors in the automotive sector will drive the market for temperature sensors. The increasing trend of wearable devices is also expected to boost market growth…
Energy Efficient Motor Market worth $59.3 Billion by 2028 | ABB, Siemens, Nidec, …
The global Energy Efficient Motor Market size is expected to grow from USD 41.7 billion in 2023 to USD 59.3 billion by 2028, at a CAGR of 7.3% during the forecast period. An energy efficient motor is a type of electric motor that gives greater output compared to a standard motor at lesser power consumption. Energy efficient motors use improved materials, more efficient manufacturing processes, and advanced technologies such as…
Medical Stick-to-Skin Adhesives Market Growth Opportunities |
Medical Stick-to-Skin Adhesives Market in terms of revenue was estimated to be worth $2.4 billion in 2023 and is poised to reach $3.7 billion by 2029, growing at a CAGR of 7.5% from 2023 to 2029 according to a new report by MarketsandMarkets. The increasing prevalence of chronic diseases and the growing aging population globally contribute to the rising demand for advanced wound care solutions, spurring innovation in adhesive technologies…
Surgical Sutures Market Size And Global Industry Forecast
Surgical Sutures Market in terms of revenue was estimated to be worth $4.0 billion in 2023 and is poised to reach $5.5 billion by 2028, growing at a CAGR of 6.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The surgical sutures market is propelled by several key drivers. The increasing global prevalence of chronic diseases and a growing aging population contribute significantly to the rising demand…
Servo Motors and Drives Market Forecast to Surpass $15.8 billion by 2027 with a …
According to a new market research report, the global Servo motors and drives market size will grow to USD 15.8 Billion by 2027 from USD 12.0 Billion in 2022, at a CAGR of 5.7% during the forecast period. The increasing demand for smart manufacturing integrated with energy-efficient devices in the industrial sector is an important driver for the servo motors and drives market.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/servo-motors-and-drives-market-1127.html
Key…
Copper Clad Laminates Market worth $21.6 billion in 2027 | Key players Shengyi T …
According to recent market research the "Copper Clad Laminates Market by Application (Computers, Communication Systems, Consumer Appliances, Vehicle electronics, Healthcare Devices), Product Type (Rigid, Flexible), Reinforcement Material Type, Resin Type, Region - Global Forecast to 2027", size is estimated to be USD 16.4 billion in 2022 and is projected to reach USD 21.6 billion in 2027, at a CAGR of 5.7%. The main forces behind the growth of the copper…
Hydrogen Storage Market worth $6.3 billion by 2030 | Key players Air Liquide (Fr …
According to recent market research the "Hydrogen Storage Market by Storage Form (Physical, Material-Based), Storage Type (Cylinder, Merchant, On-Site, On-board), Application (Chemicals, Oil Refineries, Industrial, Automotive & Transportation, Metalworking), Region - Forecast to 2030", size is projected to grow from USD 1.5 billion in 2023 to USD 6.3 billion by 2030, at a CAGR of 21.5% during the forecast period. The hydrogen storage market is growing due to the rise…
Chromatography Reagents Market Worth $11.5 billion | Thermo Fisher Scientific, I …
Chromatography Reagents Market in terms of revenue was estimated to be worth $6.8 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 11.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The chromatography reagents market is experiencing significant growth due to several key factors. Firstly, there is a notable increase in research and development activities within the pharmaceutical and biotechnology…
Pharmaceutical Excipients Market Worth $13.9 Billion | International Flavors & F …
Pharmaceutical Excipients Market in terms of revenue was estimated to be worth $10.0 billion in 2023 and is poised to reach $13.9 billion by 2028, growing at a CAGR of 6.8% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The pharmaceutical excipients market is projected to grow at a CAGR of 6.8% during the forecast period of 2023 to 2028. The major factors attributing to the growth of…
Hydraulic Fracturing Market Anticipated to Reach $74.4 billion by 2028 | Hallibu …
According to a research report, the global hydraulic fracturing market is projected to reach USD 74.4 billion by 2028 from an estimated USD 52.1 billion in 2023, at a CAGR of 7.4% during the forecast period. Factors such as the growing demand for hydraulic fracturing technology with increasing requirements for energy are driving the growth of the hydraulic fracturing market.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/hydraulic-fracturing-market-745.html
Hydraulic fracturing, also…
Transdermal Patches Market worth $8.0 billion by 2029
Transdermal Patches Market in terms of revenue was estimated to be worth $6.2 billion in 2023 and is poised to reach $8.0 billion by 2029, growing at a CAGR of 4.5% from 2023 to 2029 according to a new report by MarketsandMarkets. The factors driving the growth of the global transdermal patches market include the rising prevalence of chronic diseases, the expanding use of analgesic patches, technological developments in transdermal…
Innovative Solutions and Challenges in the Machine Health Monitoring Market
The global machine condition monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a CAGR of 8.3% from 2024 to 2029. Condition monitoring helps analyze a range of parameters to determine the probability of machinery breakdowns. Parameters that can be analyzed are temperature, vibration, corrosion, torque, alignment, and oil and wear debris. Thus, the information on the health of…
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 Market to Hit $241 billion by 2028: Key Trends and Growth Dr …
The global Smart Manufacturing market is expected to grow from USD 108.9 billion in 2023 to USD 241.0 billion by 2028, registering a CAGR of 17.2%. Key drivers of the smart manufacturing market include IoT adoption, AI integration, enhanced efficiency, data analytics, and cross-industry digital transformation. To remain competitive in a global marketplace, manufacturers embrace smart manufacturing to increase agility, reduce lead times, and respond more quickly to changing customer…
Pressure Vessels Market worth $62.7 Billion by 2028 | Mitsubishi Hitachi Power S …
Pressure vessel is a closed container which are designed to hold fluids or gases at a pressure that is significantly different from the ambient pressure. It is constructed to withstand the internal pressure exerted by the enclosed substance and maintain its structural integrity. Pressure vessels are commonly used in various industries for storing, processing, or transporting substances under high pressure conditions.
The global pressure vessels market size is expected to grow…
CFRTP Market worth $16.8 billion by 2028 | Key players Toray Industries, Inc. (J …
According to recent market research the "CFRTP Market by Product Type (Continuous, Long, Short), Resin Type (PA, PEEK, PPS, PC, PP), Application (Aerospace & Defense, Consumer Electronics, Transportation), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2028", is estimated at USD 8.9 billion in 2023 and is projected to reach USD 16.8 billion by 2028, at a CAGR of 13.5% from 2023 to 2028. CFRTP…
CNG, RNG, and Hydrogen Tanks Market worth $ 5.6 billion by 2030 | Key players Lu …
According to recent market research the "CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation), and Region - Global Forecasts to 2030", is estimated at USD 2.5 billion in 2022 and is projected to reach USD 5.6 billion by 2030, at a CAGR of 10.7% from 2023…
Rising at 5.0% CAGR, Recloser Market Anticipated to Reach $1.5 billion by 2030
According to a new market research report, The global recloser market is projected to grow from an estimated USD 1.1 billion in 2024 to USD 1.5 billion by 2030, demonstrating a CAGR of 5.0% during this six-year period.
View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/reclosers-market-187393365.html
A recloser can be defined as an automatic circuit interrupting device which is used in medium and low voltage distribution networks for power…
Energy Management Systems Market worth $75.6 Billion by 2028 | GE, ABB, Siemens, …
The global Energy Management Systems Market is projected to reach USD 75.6 billion in 2028 from USD 40.7 billion in 2023 at a CAGR of 13.2% during the forecast period. energy management systems determines the most cost-effective configuration for power production, transmission, and distribution throughout the network, considering the required criteria for system stability, safety, and reliability. EMS has a cloud of network computation functions, such as static state estimation…
Satellite Communication (SATCOM) Equipment Market Set to Grow at the Fastest Rat …
The SATCOM equipment market is valued at USD 22.6 billion in 2023 and is projected to reach USD 38.7 billion by 2028, at a CAGR of 11.3% from 2023 to 2028. With advancements in electronics, communication equipment (antenna, radio, etc.), and information technology, the world is today moving towards digitalization. Information quality is a crucial aspect of SATCOM equipment in the digital space. However, the information quality delivered to end…
With 4.8% CAGR, Radiation Hardened Electronics Market Growth to Surpass USD 2.1 …
The radiation-hardened electronics market is expected to grow from USD 1.7 billion in 2024 to USD 2.1 billion by 2029, at a CAGR of 4.8% during the forecast period. The increasing utilization of satellites for various purposes, including communication, navigation, and Earth observation, drives the demand for radiation-hardened electronics onboard these satellites.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44047967
The market, in terms of components, is expected to be led by power management.…
Quantum Computing Market to Reach $5.3 billion by 2029: Key Drivers and Forecast …
The quantum computing market size is expected to grow from USD 1.3 billion in 2024 and is expected to be 5.3 billion by 2029, growing at a CAGR of 32.7% from 2024 to 2029. Factors such as the increase in partnerships and deals in quantum technology among industry players, manufacturers, and government bodies of different countries are driving the market during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144888301
Based on the…
Urology Devices Market Size, Share, Trends and Revenue | Fresenius Medical Care …
Urology Devices Market in terms of revenue was estimated to be worth $34.1 billion in 2023 and is poised to reach $48.6 billion by 2028, growing at a CAGR of 7.3% from 2023 to 2028 according to a new report by MarketsandMarkets. The high prevalence of urological diseases significantly impacts the increased demand for urological devices. Cancer patients who need surgical interventions with latest technologies like minimally invasive surgery and…
Respiratory Diagnostics Market Size And Global Industry | Koninklijke Philips N. …
Respiratory Diagnostics Market in terms of revenue was estimated to be worth $5.6 billion in 2023 and is poised to reach $8.2 billion by 2029, growing at a CAGR of 6.6% from 2023 to 2029 according to a new report by MarketsandMarkets.The integration of artificial intelligence and data analytics in respiratory diagnostics allows for more efficient analysis of complex data, aiding in early detection and personalized treatment plans. Global health…
Battery Separators Market worth $13.0 billion by 2028 | Key players Asahi Kasei …
According to recent market research the "Battery Separators Market by Battery Type (Lead Acid and Li-ion), Material (Polyethylene and Polypropylene), Technology (Dry and Wet), End-Use (Automotive, Consumer Electronics, Industrial), and Region - Global Forecast to 2028", is projected to grow from USD 6.3 billion in 2023 to USD 13.0 billion by 2028, at a CAGR of 15.7% during the forecast period. High demand from the automotive and consumer electronic sector…
Automotive Carbon Thermoplastic Market worth $983 million by 2028 | Key players …
According to recent market research the "Automotive Carbon Thermoplastic Market by Resin Type (PA, PEEK, PPS, PC, PP), Application (Exterior, Interior, Chassis, Powertrain & UTH), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2028", is estimated at USD 522 million in 2023 and is projected to reach USD 983 million by 2028, at a CAGR of 13.5% from 2023 to 2028. Thermoplastic composites enable the…
Space-Based Solar Power Market Expected to reach $6.8 billion by 2040
The Space-Based Solar Power market is estimated to grow to USD 6.8 billion by 2040, from USD 4.7 billion in 2030, at a CAGR of 3.3% from 2030 to 2040. Asia Pacific is estimated to account for the largest share of the Space-Based Solar Power market in 2030. The space-based solar power market, market encompasses a range of activities, including research and development, satellite design and manufacturing, launch services, and…
Virtual Reality Market Set to Grow at the Fastest Rate- Time to Grow your Revenu …
The global virtual reality market was valued at USD 15.9 billion in 2024 and is projected to reach USD 38.0 billion by 2029; it is expected to register a CAGR of 19.1% during the forecast period. The growing penetration of the Metaverse, rapid adoption of digital technologies in healthcare and gaming & entertainment sectors, and increased investments in virtual reality market are attributed to the ever-increasing demand virtual reality devices.
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With 12.5% CAGR, Electronic Skin Patch Market Growth to Surpass USD 27.0 billion
The Electronic Skin Patch market is projected to grow from USD 15.0 billion in 2024 and is projected to reach USD 27.0 billion by 2029; it is expected to grow at a CAGR of 12.5% from 2024 to 2029. The growth of the Electronic Skin Patch market is driven by growing geriatric population; surging demand for remote health monitoring solutions; and advancement in flexible electronics, sensors and wireless technologies.
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Power Transformer Market worth $37.7 Billion by 2029 | General Electric, Siemens …
The global Power Transformer Market is expected to grow from an estimated USD 27.9 billion in 2024 to USD 37.7 billion by 2029, at a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™.
This growth is primarily driven by the need to strengthen power distribution networks to keep up with the rising global demand for electricity. Furthermore, the market stands to gain from the…
Restorative Dentistry Market worth $7.4 billion by 2028 | Envista Holdings Corpo …
Restorative Dentistry Market in terms of revenue was estimated to be worth $5.6 billion in 2023 and is poised to reach $7.4 billion by 2028, growing at a CAGR of 5.5% from 2023 to 2028 according to a new report by MarketsandMarkets. Growth in this market can primarily be attributed to the development of technologically advanced solutions. Patient compliance has concurrently increased, with a sharp rise in the demand for…
Continuous Bioprocessing Market worth $599 million by 2028 | Danaher Corporation …
Continuous Bioprocessing Market in terms of revenue was estimated to be worth $218 million in 2023 and is poised to reach $599 million by 2028, growing at a CAGR of 22.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The global continuous bioprocessing market is growing owing to factors such as favorable regulatory & government support for innovative technologies, and emergence of integrated end-to-end continuous bioprocessing. The…
Particle Size Analysis Market worth $596 million by 2028 | spectris (UK), HORIBA …
Particle Size Analysis Market in terms of revenue was estimated to be worth $446 million in 2023 and is poised to reach $596 million by 2028, growing at a CAGR of 6.0% from 2023 to 2028 according to a new report by MarketsandMarkets.
The market is experiencing growth due to a surge in research endeavors in nanotechnology, augmented investments in pharmaceutical research and development, and the imposition of rigorous regulatory standards…
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…
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