New Product Development
The global smart fitness market revenue totaled ~US$ 13 Bn in 2020, according to Future Market Insights (FMI). The overall smart fitness market size is expected to reach ~US$ 50 Bn by 2031, growing at a CAGR of 12% for 2021 – 31. The rising demand for features such as keeping track of heart rate, workout time, distance covered, calories burned …
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The global industrial valves market is estimated to be worth around US$ 71.8 Bn in 2022. With rising adoption of industrial valves for regulating the flow of materials, the overall demand is anticipated to rise at a moderate CAGR of 4.3% between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029. Steel will continue to remain the most preferred material …
The global desiccant wheel market is projected to rise at a CAGR of 5.1% through the forecast period of 2022 to 2032, rising from an initial valuation of US$ 431.5 Mn in 2022 to US$ 708.4 Mn in 2032. Desiccant dehumidifiers have demonstrated their ability to be significantly more effective and faster than compressor-based dehumidifiers, boosting the …
As per a recent report published by FMI, the DC switchgear market is expected to record an average CAGR of 6% during the forecast period. The region’s dominance in the global market is due to the implementation of innovative grid programs by several governments in this region and enormous investments for modernizing electricity transmission and …
A CAGR of 6.4 percent is predicted for the global CHP market, which is projected to reach a market value of US$ 2,091.6 Million in 2022. During the forecast period of 2022–2032, the market is anticipated to surpass a market value of US$ 3,876.5 Million. Government regulations regarding greenhouse gas emissions and the emergence of new technologies, such as absorption …
The global commercial booster pumps market is currently worth $5.41 billion and is expected to be worth $10.06 billion by the end of 2030. Worldwide shipments of commercial booster pumps are expected to increase at an 8.1% CAGR from 2022 to 2030. The market will be worth $4.7 billion in 2020, according to the report. Furthermore, a …
Adoption of the industrial robots market continues to gain traction among big businesses, while SMEs are slow to take off. There has been a significant deceleration in new R&D initiatives, as COVID-19 induces a refocus on critical organizational activities. The new edition (2021-2031) edition of the industrial robots market study tracks key developments that will influence sales, …
Fibrin glue is the type of surgical sealant used in sealing of wounds in surgical treatment. As the product name suggests sealants are the material used to seal something. Surgical sealant is an implantable medical device used after traumatic injury or surgery, as to hold the internal and external tissues. In addition, surgical sealant on …
Continue reading “Fibrin Glue Market to Reach at US$ 68.41 Bn by 2032 – FMI”
The global agricultural adjuvant market is expected to reach market valuation of US$ 3.4 Bn in 2022, expanding at a healthy 6.2% CAGR over the forecast period. Increasing industrialization and colonization across the globe is reducing cultivable land. To fulfil the rising demand for food, farmers are seeking effective ways to increase crop yield, which, in turn, is spurring demand for …
The fish based pet food market was valued at US$ 10.0 Bn in 2022, exhibiting growth at a CAGR of 4.9% during the forecast period (2022-2032), reaching US$ 16.2 Bn by 2032. The overall demand in global fish based pet food is projected to witness year-on-year (YoY) growth of 4.3% in 2022. Growing demand for new snacks, foods, and dining experiences for their pets, along …
