June 2022 ~ Prescient & Strategic Intelligence

How Do Automated Solutions Increase Efficiency of Food Processing Companies?

The busy lifestyles and rising trend of packaged and processed food, considering hygiene and the nutritional value, are resulting in the increasing demand for fruit and vegetable processing equipment in factories. There is a consistent increase in the demand for processed...

Gallium Nitride Semiconductor Devices Market To Reach $72,813.1 Million by 2030

June 30, 2022Gallium Nitride Semiconductor Devices Market, GaN Semiconductor Devices, GaN Semiconductor Devices Market, GaN Semiconductor Devices Market Size No comments

The gallium nitride semiconductor devices market shall touch $72,813.1 million in 2030 from $12,084.6 million in 2021. Moreover, the market is predicted to grow at a 22.1% CAGR from 2021 to 2030 owing to the lower costs of GaN semiconductor devices in comparison to silicon...

How Does High Rise Structures Boost Structural Metal Products Market?

June 30, 2022chemicals, Metal Product, P&S Intelligence, Structural Metal Product, Structural Metal Products No comments

In 2021, the structural metal products market size stood at $448.3 billion, and it is expected to grow at a rate of 6.1% from 2021 to 2030, to acquire $764.0 billion in revenue, attributed to the rising construction activities led by infrastructure development worldwide. The...

How Does Automotive Industry Boosts Polyurea Coatings Market?

June 29, 2022chemicals, Polyurea Coatings, Polyurea Coatings Industry, Polyurea Coatings Market, Polyurea Coatings Market Size No comments

In 2021, the polyurea coatings market valued at $995.2 million, and it is projected to reach $2,553.5 million by 2030, growing at a CAGR of 11.0% from 2021 to 2030. It is attributed to the growing awareness of environmental problems. Polyurea technology holds a significant share...

How Will Greater Adoption of Technologies Drive the Smart Home Appliances Market?

June 29, 2022Smart Home Appliances Market, Smart Home Appliances Market Growth, Smart Home Appliances Market Share, Smart Home Appliances Market Size No comments

In 2021, the smart home appliances market valued at $34.8 billion and is likely to reach $139.0 billion by 2030. The market is predicted to grow at a 16.6% CAGR from 2021 to 2030 owing to enhancing the lifestyle of consumers, greater adoption of technologies, and...

How Does PEG400 Drive Polyethylene Glycol Market Growth?

June 29, 2022Polyethylene Glycol, Polyethylene Glycol Growth, Polyethylene Glycol Industry, Polyethylene Glycol Market No comments

In 2021, the polyethylene glycol market size stood at $4,534.8 million; it is expected to reach $6,909.6 million by 2030, growing at a rate of 4.8% from 2021 to 2030, attributed to the surge in demand for polyethylene glycol in the pharmaceutical industry to manufacture drugs...

Why Will APAC Dominate the Crop Protection Chemicals Market?

June 29, 2022chemicals, Crop Protection, Crop Protection Chemicals, Crop Protection Chemicals Industry, P&S Intelligence No comments

The major drivers in the global crop protection chemicals market are burgeoning population levels, the dire need to improve the scalability of crop production, scarce resources such as agricultural labor and land, and surging concerns over food security. In 2021, the market...

Why Will APAC Witness Highest CAGR in Air Purifier Market?

June 28, 2022air purifier market, air purifier market Growth, air purifier market Share, air purifier market Size No comments

The most-prominent factors propelling the air purifier market are the rising prevalence of airborne diseases, poor indoor air quality, and surging global air pollution levels, accompanied by better living standards. In 2021, the market stood at $11,422.7 million, and it...

Why Will APAC Rule the Pressure Washer Market?

June 28, 2022chemicals, P&S Intelligence, Pressure Washer, Pressure Washer Industry, Pressure Washer Market No comments

The major drivers in the global pressure washer market are the increasing count of carwash stations, coupled with a snowballing demand for pressure washers in commercial as well as residential areas. In 2021, the market stood at $2,629.1 million, and it is predicted to touch...

APAC is Dominating Force in Rare Earth Metals Market

June 28, 2022Elements, P&S Intelligence, Rare Earth, Rare Earth Elements Market, Rare Earth Metals, Rare Earth Metals Market No comments

The size of the worldwide rare earth metals market was approximately $7,063.8 million in the year 2021 and it will reach a value of $15,473.0 million by 2030, advancing at a compound annual growth rate of approximately 9% during the forecast period. This will chiefly be a result...

Increasing Focus on EVs in India Propelling Demand for Discrete Power Semiconductor Devices

June 27, 2022India Discrete Power Semiconductor Devices Market Share, India Discrete Power Semiconductor Devices Market. India Discrete Power Semiconductor Devices Market Size No comments

EVs promise zero emissions from the exhaust and a decrease in city air pollution. With an aim of attaining 30% EV penetration by 2030, the Indian government has initiated the FAME India program, which encourages the adoption of EVs. The initiative propels the requirement...

LED Technology Contributes 71.9% Revenue to Automotive Ambient Lighting Market

June 27, 2022Ambient Lighting Market Value 2022, Asia Automotive Ambient Lighting Market Report, Automotive Ambient Lighting Market No comments

In 2021, the automotive ambient lighting market stood at $3,203.8 million; it is set to grow at a rate of 9.2% from 2021 to 2030, to acquire $7,087.5 million revenue by 2030. Ambient automotive lightning is attractive and robust and possesses exterior and interior illumination....

How Does Automation Leads to Surge in Commercial Lawn Mower Market?

June 27, 2022Commercial Lawn Mower, Commercial Lawn Mower Analysis, Commercial Lawn Mower Industry, Commercial Lawn Mower Market, Insights, P&S Intelligence No comments

In 2021, the commercial lawn mower market valued $14,741.3 million, and by 2030, it is set to reach $26,346.6 million, advancing at a rate of 6.7% from 2021 to 2030. Technological advancements and infrastructure development projects such as smart cities are leading to market...

Why Will APAC Dominate Epoxy Adhesive Market?

June 26, 2022Business, chemicals, Epoxy Adhesive, Epoxy Adhesive Industry, Epoxy Adhesive Market, Epoxy Adhesives No comments

By 2030, the worldwide epoxy adhesive market is predicted to touch $13,483.9 million from $8,217.9 million in 2021. The market will advance at a 5.7% CAGR from 2021 to 2030 owing to the rising need for adhesives from the marine, cement, plastic, construction, and automotive...

How Macroeconomic Development Drives India Prime Power Diesel Generators Market Growth?

June 24, 2022Generators, India, India Prime Power Diesel Generators, India Prime Power Diesel Gensets, Power Diesel Gensets No comments

The Indian prime power diesel generators market is being driven by the increasing infrastructure expenditures and a substantial power deficit. Because of these factors, the market is projected to reach $356.3 million in 2030 from $143.6 million in 2021, at a CAGR of 10.6% from 2021 to 2030. The commercial sector has a strong need for medium- and high-power...

Why Does APAC Hold Largest Share in Lithium-Ion Battery Market?

June 24, 2022Li-Ion Battery Market, Lithium-Ion Battery Industry, Lithium-Ion Battery Market, Lithium-Ion Battery Market Forecast, Lithium-Ion Battery Market Report No comments

Due to the increasing demand for renewable energy and the high adoption of lithium-ion batteries in consumer electronics, the global lithium-ion battery market was worth $46,142.1 million in 2021. By 2030, with a high CAGR of 15.3%, the market size is expected to reach $165,847.8...

Why Water-Based Adhesives will Help in the Growth of Construction Adhesives Market?

June 24, 2022Adhesives, Construction, Construction Adhesives, Construction Adhesives Industry, Construction Adhesives Size, P&S Intelligence No comments

In 2021, the worldwide construction adhesives market was valued at $9,101.5 million and it is projected to touch $14,541.9 million by 2030. The market will advance at a CAGR of 5.3% from 2021 to 2030 due to surging demand for low volatile organic compound content adhesives,...

How Is Refractories Market Expanding due to Infrastructure Development?

June 23, 2022chemicals, P&S Intelligence, Refractories, Refractories Industry, Refractories Market No comments

The estimated revenue of the global refractories market was $27.8 billion in 2021. The expected CAGR for the industry from 2021 to 2030 is 4.7%, with which the market size will reach $42.2 billion in 2030. Refractories are natural and synthetic materials, including non-metallic...

Why Will Residential Category Dominate the Fiber Cement Market From 2021 to 2030?

June 23, 2022Cement, Fiber, Fiber Cement, Fiber Cement Industry, Fiber Cement Market, P&S Intelligence No comments

By 2030, the global fiber cement market is predicted to reach $27,743.8 million, since being valued at $17,500.0 million in 2021. The market is projected to advance at a 5.3% CAGR from 2021 to 2030. This can be ascribed to the surging requirement for fiber cement for external...

Where Will Growing Mining Sector Take U.S. Engine-Driven Welder Market?

June 22, 2022chemicals, Engine-Driven Welder, P&S Intelligence, U.S. Engine-Driven Welder, United States No comments

The growing requirement for engine-driven welders to suffice the dual purpose of producing power and welding in the mining industry and rising construction activities are driving the U.S. engine-driven welder market. Hence, equipment sales generated $122.3 million in 2021, and...

Australia Ventilation Products Market Is Set To Reach $1,003.9 Million by 2030

June 22, 2022Australia ventilation products market, Australia ventilation products market Share, Australia ventilation products market Size, ventilation products No comments

In 2021, the Australia ventilation products market accounted for $569.4 million in revenue, and it is predicted to reach $1,003.9 million by 2030, advancing at a 6.5% CAGR between 2021 to 2030. The increasing number of residential and commercial projects, rising awareness...

Madagascar Diesel Generators Market To Reach $27,755.7 Thousand in 2030

June 22, 2022Diesel Generators, Generators, Gensets, Madagascar, Madagascar Diesel Generators Market No comments

The Madagascar diesel generators market was valued at $21,429.8 thousand in 2021, and the market will propel at a 2.9% CAGR during 2021–2030, to reach $27,755.7 thousand. The speedy growth in the construction and telecom sectors and the intensification in the incidence of power...

How Does Automotive Industry Drive LTCC and HTCC Market Growth?

June 22, 2022chemicals, HTCC Market, LTCC and HTCC Market, LTCC Market, P&S Intelligence No comments

In 2021, the LTCC and HTCC market size stood at $2,919.0 million, and it is projected to grow at a CAGR of 3.9% from 2021 to 2030, to reach $4,125.6 million by 2030. This is ascribed to the increased industrial usage of ceramic substrates in sectors, including telecommunications,...

Why Will APAC Rule Low VOC Adhesives Market?

June 21, 2022chemicals, Low VOC Adhesives, Low VOC Adhesives Industry, Low VOC Adhesives Market Size No comments

The low VOC adhesives market is predicted to touch $81.1 billion by 2030, since being valued at $47.6 billion in 2021. The market will grow at a 6.1% CAGR from 2021 to 2030 owing to the stringent regulations being imposed by the government to reduce the VOC content in products,...

What are Key Factors Causing Boom of Hong Kong Wound Care Market?

June 20, 2022Hong Kong Wound Care Market, Hong Kong Wound Care Market Demand, Hong Kong Wound Care Market Growth, Hong Kong Wound Care Market Share No comments

People aged 65 or above have steadily risen in Hong Kong, from 0.46 million in 1988 to 1.27 million in 2018, as per government sources. The rising geriatric population is one of the key factors fuelling the demand for wound care products in the metropolis. This is mainly due...

Metaverse Market Witnessing Unimaginable Growth; To Cross $1.5 Trillion by 2030

June 20, 2022Asia Metaverse Market Report, Metaverse Industry Analysis 2022, Metaverse Market, Metaverse Market Demand No comments

The global metaverse market is driven by burgeoning investment in R&D activities, the rising adoption of the latest VR and AR solutions to develop patient output and the entire surgical atmosphere, and the snowballing demand for metaverse, thereby assisting in trading digital...

Military Communications Market Driven by Growing Concerns about Data Security

June 17, 2022Asia Military Communications Market, Military Communications Market, Military Communications Market Share, US Military Communications Market Report 2022 No comments

The military communications market is expected to witness growth owing to the rising security concerns. Due to an increase in the number of disputes among different countries across the world, there is a significant growth in the procurement of weaponry and military communication...