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According to a Future Market Insights (FMI) analysis, the herbal medicinal products market revenue would reach US$ 171.62 billion in 2021. Overall sales of herbal medicinal Products are predicted to reach US$ 360.35 billion by 2031, increasing at a 7.7% CAGR from 2021 to 2031. Government efforts to encourage the use of herbal medicine around …
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The global microfluidics market is estimated to be worth US$ 17.8 billion by the end of 2031, with sales revenue growing at an 11.1% CAGR throughout the forecast period, driven by: increased demand for POC testing, advancement of lab-on-a-chip technology, and development of point-of-care (POC) devices the increased emphasis on data precision and accuracy rapid …
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The global radio frequency beauty equipment market is predicted to be worth US$ 339.9 Million by the end of 2022, and to grow at a CAGR of 17.9% to be worth US$ 1.8 Billion by the end of 2032. According to a recent report by Future Market Insights, body contouring will be the dominating application …
The global emission control catalyst market share is expected to be valued at US$ 29.5 billion by 2033. The market is valued at US$ 13.1 billion as of 2023, and is expected to grow at a CAGR of 8.5% during the forecast period. The market is most likely to be driven by an increase in …
The global automotive steering system market share is expected to grow at an average CAGR of 4.6% from 2023 to 2033. The target market will accrue a revenue of US$ 38.0 billion by 2033 as opposed to US$ 24.1 billion in 2023. Historically, the market for automotive steering systems registered a CAGR of 2.3% from …
The Automotive ADAS (Advanced Driver Assistance Systems) Market will be worth US$ 131 billion by year 2032. The market is estimated to expand at a CAGR of 9.6% over the course of the forecast period. In 2021, the ADAS market was estimated to be worth US$ 29 billion. The market for Advanced Driver Assistance Systems …
The global vehicle electrification market growth is growing at a CAGR of 10.3% during the forecast period. Crucial Drivers Steering Vehicle Electrification Market Growth Increasing conventional fuel prices, as well as increased sales of electric vehicles, may accelerate vehicle electrification market growth. Consumer demand for more fuel-efficient vehicles, stricter emission standards, and increased environmental awareness …
According to Future Market Insights (FMI), the global electric cargo bike market is projected to expand exponentially at CAGR of around 11.4% over the forecast period. Sales of electric cargo bikes is likely to exceed a valuation of US$ 545.2 Million by year 2031. Key Takeaway from Market Study Lithium-ion batteries are expected to hold …
The global Industrial Microbiology market sales are forecast to reach a valuation of over US$ 21.56 Billion by 2031.The market is anticipated to grow at 4.95% CAGR between 2021 and 2031 owing to rising applications of industrial microbiology in agriculture, cosmetics, pharmaceutical industry, and food and beverages sectors. Increasing demand for safety and hygiene in food industry will encourage …
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The global web 3.0 blockchain market is projected to have a moderate-paced CAGR of 44.9% during the forecast period. The current valuation of the web 3.0 blockchain market is US$ 2.86 Billion in 2023. The demand for web 3.0 blockchain is anticipated to reach a high of US$ 116.51 Billion by the year 2033. The expansion of …