New Product Development
The power electronics market refers to the industry that involves the design, development, and manufacturing of electronic devices and systems that are used for power conversion and control. According to forecasts, the global market for power electronics will increase at a 5% CAGR and reach US$ 44 billion by 2032. The market is anticipated to be valued at US$ 28 billion …
Continue reading “Power Electronics Market Set for 5% CAGR, Targeting US$ 44 Billion by 2032”
The clinical trial biorepository & archiving systems market sales was estimated to be worth US$ 3.5 billion in 2021 and is projected to rise at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2032, per a recent Future Market Insights report. By the end of 2032, the market is projected to be …
Envisioned to reach a valuation of US$ 5 billion in 2022, the global demand for Collapsible Jerry Cans is poised for sustained growth, with a forecasted Compound Annual Growth Rate (CAGR) of 3%. Anticipated to be valued at US$ 6.72 billion by 2032, this market expansion reflects the increasing adoption of Collapsible Jerry Cans across diverse industries. …
The global convection ovens market size is expected to be valued at US$ 3.8 billion in 2023. Increasing demand for energy-efficient appliances bolsters the overall scope for the convection ovens market, and is projected to grow at a CAGR of 4.2% between 2023 and 2033, totaling around US$ 5.7 billion by 2033. The global convection ovens market …
The baby bath and shower products market is projected to be worth US$ 3 billion in 2023 and is anticipated to grow to US$ 6 billion by 2033. Over the course of the projection period, the adoption of baby bath and shower products is anticipated to grow at a CAGR of 7.2%. High performance baby bath and shower products have been developed …
According to Future Market Insights’ Industry Analysis Report on veterinary endoscopes market sales, endoscope sales are expected to reach US$ 227.2 million globally in 2021. Between 2022 and 2032, the market is predicted to rise by 8.7%, a rate significantly quicker than in the past. With an absolute financial potential of around US$ 216 million …
The global cycling power meter market was anticipated at US$ 390.6 million in 2022. The sector is gaining pace as companies provide technologically improved cycling power meters with various integrated technologies. As of 2033, the market is expected to garner a valuation of US$ 647.4 million in 2033, recording a CAGR of 4.7% from 2023 to 2033. The market is likely …
The global colour cosmetics market is predicted to grow at a 5% annual rate over the course of the forecast period, with sales likely to reach US$ 52.5 billion in 2022 and US$ 85.52 billion by 2032. With the development of distribution channels and increasing use of social media, sales in colour cosmetics have increased significantly. Moreover, it is predicted that throughout the forecast …
The cosmetic pencil and pen market is projected to be valued at US$ 2.8 billion in 2023 and grow to US$ 5.7 billion by 2033, with a 7.5% compound annual growth rate (CAGR) forecast to occur. The research asserts that the attention towards developments and innovation will continue to be one of the important factors driving market growth in cosmetic pencil & pen. According to …
The demand in the South America Residential Water Treatment Equipment Market will multiply at a CAGR of 9.2% during the forecast period of 2016 to 2026. In 2016, the total opportunities in this market translated into a revenue of US$330.0 million. The driving factors of the residential water treatment equipment market include increasing awareness about pollution to environment, devastating …
