New Product Development
Expanding at a CAGR of 8.9%, the global HVDC transmission system market is projected to increase from a valuation of US$ 10.3 Bn in 2022 to US$ 17.2 Bn by 2028. The HVDC transmission system demand accounted for almost 15% market share of global power transmission market. The HVDC (High voltage direct current) transmission systems are used for transmission of power over long distance. These …
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The global packaging industry is driven by the demand for better and convenient packaging. Globalization has eliminated all barriers and increased transit distance and time for products. Protective packaging ensures the safety of the product throughout the supply chain. Cartons are one such protective packaging solution. High demand for such packaging has led to the …
Expanding at a CAGR of 22.9%, the global ePassport market is projected to increase from a valuation of US$ 34.3 Bn in 2021 to US$ 144.4 Bn by 2028. The ePassport demand accounted for almost 20% market share of global passport market. ePassport is the term used for such passports that includes electronic device or contactless Integrated Circuit (IC) such as RFID …
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With the global revenue estimated at over US$ 500 million, electronic skin (e-skin) market is projected to see an aggressive Y-o-Y growth at 20.7% in 2019, according to a study of Future Market Insights (FMI). Thriving as a niche marketplace currently in its nascent stage, electronic skin market will reportedly remain a high growth-low value landscape. Electronic skin incorporates the usage …
The I/O Link market revenue totaled ~US$ 5,142.0 Mn in 2021. The I/O Link market is projected to surpass ~US$ 12,285.9 Mn by 2027, growing at a CAGR of 15.8% for 2022 – 27. The I/O Link market is around 15% of the industrial communication market. I/O Link have the ability to support all fieldbus protocols. In the I/O link protocol, data is transmitted from field level …
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Rapid industrialization and increase in cross-border trade has created new opportunities for world trade. Companies are improving their supply chain capabilities and expanding their geographic base to tap the market potential. Carton boxes are the prominent mode of packaging used by manufacturers for packaging of light and heavy duty goods. Water activated tapes or commonly …
The need for increasing the shelf life of the products has led to the innovations lever tinplate containers. Lever lid tinplate containers are ideal choices for packaging of goods which are to be used over a prolonged period. As the levered lid offers the perfect solution for packaging of a product which is to be …
Food packaging market is the fastest growing segment of packaging market, and packaging manufacturers are using various innovations and strategies to tap the potential of food packaging market. One such innovation is double seam bowls made of metal or plastic with high barrier properties for increasing the shelf life of the product without using any …
The microporous insulation materials are used in applications where space is limited and superior thermal insulation performance is required. Insulation materials are precisely designed to decrease the heat flow by restricting heat conduction, radiation and convection and performs functions like conserving energy by reducing heat loss, increasing operating efficiency of heating, plumbing, steam and various …
Packaging has become a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards a wide usage of bags. Moreover goods such as stationery items,+ health supplements and electronic components are some of the things that have witnessed improvements in terms of demand over the last few …
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