Asian Green Technology and Sustainability Market Is Driven by Accelerating GHG Emissions

The market size of the Asian green technology and sustainability is estimated to reach USD 5,816.3 million by 2023, with an annual growth rate of 11.1% over the period between 2023 and 2030, resulting in a total value of USD 12,072.6 million by 2030.

To learn more about this report: https://bit.ly/48stRYT

The region is fortified with a robust manufacturing base, which is why it is observing the fast acceptance of IoT in different verticals, which is primarily boosting the demand for green tech solutions and services.

In 2023, the IoT category dominated the industry with a market share of 42.6%, and the category is also projected to experience the fastest growth during the projection period, credited to the advantage of this technology in terms of item sustainability and ecological manufacturing.

The development in the demand for IoT devices is credited to the improvements in IoT sensor techs, wireless connectivity, and sustainable results, which are inspiring a huge count of companies to embrace the digital revolution. With IoT solutions, businesses are turning toward more energy-efficient practices and establishing operational procedures in a way that decreases waste. Businesses are using IoT for sustainability in 7 different ways— air pollution monitoring, smart energy management, fleet management, smart waste management, smart farming, smart water management, and cold chain monitoring.

Carbon dioxide concentrations in the atmosphere are increasing primarily by man and industry, for example through the burning of coal, oil, or gas as well as deforestation. In response to rapid economic growth and energy usage, carbon emissions in Asia, especially China, have been rising sharply over the past few years. Between all the release sources, coal is responsible for over 60% (7.96 billion tons) of the releases from industries in the nation in 2021.

In 2023, the green buildings category had the largest share, of approximately 40.4%. With the increasing industrialization and commercialization across Asian nations, the construction of buildings has been increasing, in order to fulfill the space needs of businesses and residents.

As a significance of the resulting surge in energy generation, carbon emissions are growing at an alarming rate. Thus, to cope with the increasing energy needs without damaging the environment, the addition of green technologies in buildings has been on the surge. Green buildings are vital in justifying the negative externalities related to construction activities. 

From the viewpoint of decreasing GHG emissions and power use, green buildings have substantial contributions, because of their usage of recyclable materials, renewable energy, and low-carbon components and maintainable operation and maintenance patterns.

Hence, the Asia green technology and sustainability industry is driven by the alarming rate of GHG emissions and rising energy demand.

Read More

Particulate Matter Monitoring Industry is Powered by the Increasing Air Pollution

The total size of the particulate matter monitoring market is about USD 1,434.5 million in 2023, and it will power at a rate of 11% by the end of this decade, to touch USD 2,969.3 million by 2030. The evolution has a lot to do with the growing air pollution and mounting consciousness amongst people concerning the advantages of good air quality.

Moreover, the strict government guidelines to decrease emissions in view of the speedy urbanization and industrialization will power the growth of the industry.

Based on the end use, power generation led the industry with a share of 30%. Throughout the electricity generation, large quantities of pollutants are produced into the atmosphere. The waste produced from municipalities and industrial sectors, biomass, and fossil fuels, as well as petroleum, coal, and natural gas, are used for about 60% of the power generated at a global level.  

For decreasing the pollution caused by thermal power plants, it is essential to install these kinds of systems for monitoring the levels of PM and further pollutants in the exhaust, before it is out into the air.

The light scattering technology led the particulate matter monitoring market, with a share of 35%, credited to the stringent environmental guidelines and the enhanced accuracy with which particulate matter releases can be monitored by it. The light scattering has a greater magnitude, generally at the forward angles of scattering, as opposed to back scattering angles, accompanied by the small size of angles and higher mass sensitivity.

The use of the beta attenuation tech is also rising quickly as it does the absorption of beta radiation by solid particles removed from the air. The tech aids in the discovery of the levels of PM10, and PM2.5 which most of the regulatory agencies at a global level monitor.

North America is the leader of the industry, and it will hold the same position by the end of this decade, with a value of USD 1.4 billion. The evolution has a lot to do with the growing level of level of environmental contaminants and the strict regulations to tackle this problem.

The U.S. has the major share in North America, and it will power at a rate of 11.3% by the end of this decade. This is because of the existence of key players and the increasing awareness of people regarding safe air. Moreover, the rising pace of tech progressions in these systems is helping in the revenue generation.

The rising air pollution all over the world has a lot to do with the growing requirement for particulate matter monitoring solutions. This trend will continue in the years to come as well. 

Read More

Increasing Funding in Utilities Sector Boosts Superconducting Magnetic Energy Storage Market

The superconducting magnetic energy storage market was USD 57.2 billion in 2023, which will increase to USD 100.1 billion, with an 8.4% CAGR, by 2030.

Additional factors that would result in industry expansion include the improved performance of these systems over primitive technologies like high efficiency, better life cycle, fast response, low maintenance, and high-power density.

Transportation sector electrification is also a key factor that assists the industry’s expansion. Governments are offering subsidies to decrease the adverse effects of fossil-fuel-driven automobiles on the environment, which is boosting the move toward EVs. Furthermore, people are gradually realizing the importance of keeping the environment clean and green.

Moreover, this category will remain the largest throughout this decade. This can be mainly because this technology is functionally safer than high-temperature SMES. Moreover, it provides a high-power density, which suggests that it can gather more power in a compact area.

North America led the industry in 2023, with a 50% share, because of the mounting energy utility network. The increase over the years is because of high wind, hydroelectricity production, and solar. Moreover, in the U.S., research & development is being commenced to enhance SMES systems, to meet the mounting electricity needs, incorporate renewable power sources, and stabilize the grid. 

With the rise in investments in the utilities sector, the superconducting magnetic energy storage industry will continuously grow in the coming years.

Read More

Gravity Energy Storage Market is Booming Due to Rising Adoption of EVs

The gravity energy storage market will generate USD 217.8 million by the end of 2023, which will power at a considerable rate of 77.9% in the years to come, touching USD 12,231.5 million by 2030. This will be because of the robust emphasis on renewable energy resources, acceptance of EVs require grid stability, and surge in the electricity cost.

The pumped hydro storage category will grow at a rate of 77.7% by the end of this decade. This method is favored attributable to its competence to store and release a huge quantity of power efficiently. 

These systems are extremely effective at balancing the electricity grid by offering fast responses when there is an increase in the demand for power. It is a proven and well-recognized tech for significant energy stowage and electricity generation. Hence, its competence, dependability, and lengthy operational history have made it a prevalent choice for the generation.

North America is the leader of the gravity energy storage market, followed by Europe and APAC, because of the beginning of more than a few gravity energy storage projects, tech readiness, high requirement, and supportive policies. Moreover, the acceptance of these methods is increasing because of a surge in the count of EVs and rise in the consciousness of the paybacks of renewable sources of energy.

It is because of the rise in adoption of electric vehicles al over the world, the demand for gravity energy storage solutions is on the rise. This trend will continue in the years to come as well.

The research offers the size of the gravity energy storage market for the period 2017–2030.

Market Segmentation by Type

• Hydroelectric Dams
• Pumped Hydro Storage
• Others

Market Segmentation by Application

• Electricity Generation
• Grid Stabilization
• Others

Market Segmentation by End Use

• Residential
• Commercial
• Industrial
• Utilities

Market Segmentation by Region

• North America Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – U.S. and Canada
• Europe Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Germany, U.K., France, Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Japan, China, India, South Korea, Australia, and Rest of APAC
• Latin America (LATAM) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Gravity Energy Storage Market
• By type
• By application
• By end use
• By country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA

Read More

All You Need to Know About Polymethyl Methacrylate

Polymethyl methacrylate is common for manufacturing plastic all over the globe.  It has a lot to do with its high transparency. 

The characteristics of PMMA are notable for the people, it is an extremely translucent, material offering high impact and ecological resistance, making it an outstanding substitute for glass in uses where shatter resistance is a favored trait. This is majorly used in windscreens, architectural applications, aquarium windows, electronics, and even medical implants.

Because of more than a few uses for PMMA, it is significant for product teams to fully comprehend the main features of this material to leverage its benefits.

Defining Polymethyl Methacrylate Acrylic?

PMMA is formed with the help of polymerization, which includes placing the methyl methacrylate monomers into a mold with a catalyzing agent. This lets PMMA to be formed into  more than a few shapes, ranging from large sheets and blocks to small pellets and granules.

 What are the Various Advantages?

A key advantage of PMMA is the scratch resistance. It is suitable to optical lenses and devices, as the material will splinter, shatter, or cause harm to skin or eyes if the lens break. Parts which are made from PC, in contrast, are more prone to scratching the longer they are put to use.

PMMA is additionally brittle than PC, as it remains stiff and cracks when impacted. While PMMA does offer some shatter resistance, PC can offer much better impact strength, and in some applications, these 2 qualities can be used. Display windows, might be crafted from an outer layer of scratch- and shatter-resistant PMMA and an innermost layer of a highly impact-resistant material like PC.

What is Polymethyl Methacrylate Resin

PMMA also offers a profitable alternative to PC when a given use would benefit from superior tensile strength, light transmissibility, surface polishability, and UV resistance. PC is a more expensive to manufacture with and is better suitable for applications that entail high impact strength and heat and chemical resistance.

PMMA is an extremely versatile thermoplastic resin renowned for being robust, lightweight, and cost-effective substitute for more than a few applications where glass may or else be used. Though, this weather-resistant material also occurs to be biocompatible, which is leading to its usage in a lot of medical devices as well. There is a plethora of reasons one may want to consider with the use of PMMA for your product, but eventually, it is up to a person to regulate which materials are best suitable for your parts, preferably with the help of a reliable manufacturing partner.

Coming to a Concrete Conclusion

It is because of the growing automotive industry with rising use of electric vehicles all over the world, and the growing demand for injection-molded plastics in the health care sector, the demand for polymethyl methacrylate is on the rise. The total demand for this will reach a value of USD 8,946.1 million by the end of this decade.

Read More

Rising Acceptance of AR/VR Products Boosts Volumetric Video Industry

The volumetric video market was USD 2,377.4 million in 2023, which will touch USD 13,939.6 million, growing at a 28.8% compound annual growth rate, by 2030. 

The growth of this industry is because of the increasing rate of technological advancement, mounting use of AR/VR products, and rising expenses on the development of sports technologies.

Moreover, the arrival of 5G brings the advantages of low latency with high bandwidth and speed, allowing the incorporated provision of such video content. With this, the rising uses of this technology in holograms, gaming, brand experiences, training, and metaverse assist the industry expansion.

In 2023, North America was the largest contributor to the industry, with a 55% share, and it is likely to remain the largest in the years to come. This is because of the high pace of acceptance of developed technologies like VR, MR, and AR; the growing requirement for attractive signage and advertisements, and the existence of many companies.

APAC is likely to advance at the highest compound annual growth rate in the years to come. This is because of the large customer base for all sectors, the increasing standard of living of people with disposable salaries, quick urbanization, the growing need for enhanced sports-watching experiences, and the surging volume of specific image-guided surgical measures.

With the increase in the acceptance of AR or VR, the volumetric video industry will continue to progress in the years to come.

Read More

Surface Computing Market is Led by North America

The surface computing market was USD 61.2 billion in 2023, and it will rise to USD 505.5 billion, powering at a 35.3% compound annual growth rate, by 2030.

To learn more about this report: https://bit.ly/3NTBNKA

This growth is mainly because of the surging use of natural user interfaces for interacting with users. Additionally, surface computers have multi-touch as well as multiuser technologies, which assist in the identification of various objects physically with the help of touch. 

Moreover, they are employed for different applications, such as revolving, resizing, choosing, and moving, allowing the identification of objects in real-time.

The curved category, on the basis of display type, is likely to advance at a higher rate, of 35.6%, in the years to come. This can be because these devices have developed visual quality, enhanced efficiency, and reduced eye strain.

North America is the largest contributor to the industry, and it will remain the largest, generating USD 33.6 billion, by 2030. This can be mainly because of the increasing disposable salary as well as the existence of major companies.

APAC is likely to advance at the highest rate, of 35.8%, during this decade. This is because of the rising acceptance of innovative and new technologies, the growing need of customers for more immersive experiences in the digital world, and high funding by several tech giants in this region. 

With the increasing acceptance of natural user interfaces for interacting with users, the surface computing industry will continuously advance in the coming years.

Read More

Dedicated Freight Has a Major Share in the Train Dispatching Market

The size of the train dispatching market was USD 1,042.9 million in 2023, and it will power at a rate of 8.3% by the end of this decade, to touch USD 1,811.3 million by 2030. The growth has a lot to do with the growing railroad tech and mounting degree of urbanization. Also, the snowballing need for smart cities is boosting this growth at a global level.

To learn more about this report: https://bit.ly/48JufSv

Dedicated freight has a major share, of about 45%, due the necessity to provide effective, ecological, cost-effective, fast, and dependable delivery of goods. Furthermore, when run competently, trainsets make use of less fuel and emit less emissions, therefore improving the eminence of the air and minimalizing the carbon footprint. Currently, as opposed to road transport, railways emit one-fifth less GHG per ton transported and kilometer traveled.

The services category will power at a higher rate. For increasing throughput on the current rail infra, freight and passenger train timetables must be enhanced. The transformation of networks includes regular advancements, upkeep, and operational monitoring. To aid attain all these purposes, implementation, support & upkeep, and training & education services are needed by operators and maintenance agencies.

North America train dispatching market is leading, and it will continue in the future as well, with around USD 0.5 billion in 2030. This is credited to the existence of important players and rising count of high-speed rail projects.

The U.S. is the regional leader, and it will power at a rate of 8.5% in the future. This has a lot to do with the rapid acceptance of cutting-edge technologies, including ML, AI, and the internet of things, to improve competence, precision, dependability, and safety.

The rising degree of urbanization has a lot to do with the increasing demand for train dispatching solutions. This trend will continue in the years to come as well.

Read More

Electronic Gadget Batteries Market Will Advance at a 16.3% CAGR

The electronic gadget batteries market was USD 15.9 billion in 2023, which will increase to USD 45.6 billion, growing at a 16.3% compound annual growth rate, by 2030.

Random memory and storage, processors, an operating system, Wi-Fi, and various other components of software and hardware present in personal computers are all found in portable computing products. 

Therefore, rechargeable batteries assist in powering these electronic products. Also, the chosen technology of the battery impacts the user interface, mobility, and performance of devices.

In 2023, the OEMs category, based on end user, accounted for the major share, of 65%. This can be because lithium-ion batteries are essential for achieving the goals of mobile computing battery OEMs in enhancing device efficiency, price competitiveness, and battery life.

In 2023, the portable PCs category, based on application, led the industry, with a 40% share. This will be because portable PC batteries are extensively utilized in Chrome books, laptops, and notebooks as these rechargeable gadgets are employed to produce and store electricity, allowing portable PCs like laptops to run without a power cord.

Additionally, lithium-ion batteries are the most common laptop batteries type. They are accessible in different configurations, based upon the workload weight, CPU speed, RAM, screen size, and other measurements to keep the laptops functioning for many hours.

North America is likely to advance at a 16.4% compound annual growth rate in the years to come. This will be mainly because of the advancements in technology, the existence of major companies, and the enhanced consumer electronics sector in this continent.

Read More

Fiberglass Market Will Reach USD 49.1 Billion By 2030

The global fiberglass market is expected to reach an estimated USD 30.1 billion in 2023 and grow by 7.3% during the period between 2024 and 2030, reaching a value of USD 49.1 billion over that period. This is mainly due to the exclusive features of fiberglass, like high tensile strength, high resistance to chemicals, relatively low density, and non-flammable nature. Therefore, it has applications in many industries, like aerospace, construction & infrastructure, automobile, wind energy, septic tanks, boats, and water tanks.

On the basis of type, the E category is leading the industry, with the largest share of 25%, in 2023. This is mainly due to the special features of E glass, like resistance to vibrations and abrasion, higher specific resistance than steel, and good flexibility. Thus, E glass fibers are utilized on a large scale as an insulator for electrical conductors, in the textile sector, and for manufacturing advanced composites.

In 2023, composites claim the majority share by application, primarily attributed to the numerous advantages of fiberglass composites when compared to conventional materials like wood and steel. These composites offer cost-effectiveness, resistance to corrosion, strong structural capabilities, and minimal maintenance needs. Consequently, the growing adoption of fiberglass composites in industries such as automotive, aerospace, and construction is anticipated to propel market growth throughout the forecast period.

In 2023, the APAC region commands a market dominance with a 50% share. This is attributed to the widespread use of fiberglass across various industries, a rise in industrialization levels, and the substantial population in China and India. Additionally, the market in the APAC region is expected to experience growth during the forecast period due to increasing disposable income and the presence of major players.

The fiberglass sector is driven by the replacement of conventional materials with fiberglass across various industries.

Read More

Surgical Procedures Market is Driven by Surging Cancer Incidence

The surgical procedures market was 110.0 million procedures in 2023, and it will reach 137.5 million procedures, advancing at a 3.3% compound annual growth rate, by 2030.

To learn more about this report: https://bit.ly/48EXDt3

The growth of this industry is mainly powered by the increase in the incidence of cancer. Furthermore, the growing pace of technological developments in surgical procedures, such as the arrival of robotic surgical procedures, is a key aspect boosting this industry.

In 2023, the obstetric & gynecologic (OB-GYN) category, on the basis of type, led the industry, with approximately 30% share. This is ascribed to the rising occurrence of gynecological illnesses like endometriosis, ovarian cysts, polycystic ovary syndrome (PCOS), uterine & ovarian cancer, pelvic inflammatory ailment, chronic pelvic pain, and adenomyosis.

The ophthalmic category, on the other hand, will advance at the fastest rate, of approximately 3.7%, in the years to come. This will be mainly because of the increasing occurrence of different ophthalmic ailments, such as glaucoma, diabetic retinopathy, and cataracts.

Furthermore, the industry in the category is advancing because of the mounting aging population and the rising occurrence of eye conditions owing to diminishing eyesight and longer screen time.

In 2023, the hospitals category, based on provider, was the largest contributor to the surgical procedures market, with approximately 45% share. Moreover, this category will remain the largest throughout this decade.

The growth of this category is because of the enormous number of surgeries conducted in these healthcare settings across the globe, coupled with the mounting prevalence of various chronic illnesses.

Whereas, the ambulatory surgery centers category will propel at the fastest compound annual growth rate, of 3.5%, in the coming years. This is because of the booming count of such centers, the treatment cost-efficiency offered at these facilities, and the rising acceptance of minimally invasive measures and cosmetic procedures.

North America was the largest contributor to the industry in 2023, with a 50% share. This is because of the existence of a well-developed healthcare infrastructure, shifting fondness toward outpatient surgeries, and a greater acceptance rate of technologically developed devices.

Moreover, the surging occurrence of ailments like gastrointestinal, orthopedic, and cardiac disorders in this continent also assists the industry expansion.

APAC is likely to advance at the fastest rate, of approximately 3.5%, in the years to come. This is because of the arrival of developed surgical technologies, the flourishing healthcare sector, and the advancing medical tourism industry in this region.

Additionally, the expansion is also assisted by the rising consciousness regarding chronic disorders, coupled with the increasing occurrence of neurological disorders and traumatic injuries.

It is because of the surge in the occurrence of cancer, the surgical procedures industry will continue to advance in the years to come.

Read More

North America was the Leader of the Multiplex Assays Market

The multiplex assays market produced USD 3,918 million revenue in 2023, and it will power at a rate of 9% by the end of this decade, touching USD 7,103.5 million by 2030.

To learn more about this report: https://bit.ly/4aNVHAn

The main factor powering the industry is the growing incidence of chronic ailments and infectious diseases. Also, the growing requirement for effective analytical platforms in research and medical diagnostics, to decrease the costs for researchers, healthcare providers, and patients, is a robust contributor.

On the basis of product, the consumables category led the industry with a share, of 45%, in 2023. It was because of the increase in the count of diagnostic tests and surge in research actions by life sciences companies.

For example, in January 2023, Novo Nordisk, a pharma company, publicized a USD 6-million grant for Durham Technical Community College, for supporting the later’s life sciences program and set up a novel training center with area of 35,000 square feet.

The protein-based category led the multiplex assays market, with a 50%, share in 2023, due to the growing applications of these kinds of products in proteomics studies. Furthermore, protein-based assays are extensively used in research to recognize the protein concentration, electrophoresis, cell biology and other analytes.

The flow cytometry category led the industry in 2023, because of the numerous applications of this tech in the discovery and measurement of proteins and RNA and in the assessment of cell health.

For instance, Life Sciences Core Facilities, the Flow Cytometry Unit, Weizmann Institute of Science’s is making the use of imaging flow analyzers that combine the high-amount quantification of flow cytometry with microscopy and aid in the study of post-translational alterations and protein, protein interactions in different contexts.

North America led the industry with a share of 55%, in 2023, and it will power at a considerable rate, as a result of the increase in the research and development activities by biotech and pharma companies for the expansion of new drugs and diagnostic solutions. 

For example, in Jan 2023, PharmaEssentia Corporation publicized plans for a new PIRC in Greater Boston, Massachusetts. Likewise, in October 2022, Lineage Cell Therapeutics Inc. publicized the opening of a novel research and development facility in California and the development of its GMP-compliant capability in Israel. Lineage’s novel facility in California will extend its R&D competences in the U.S. and support the expansion of present and future allogeneic cell transplant programs.

It is because of the growing prevalence of chronic and infectious diseases all over the world, the demand for multiplex assays is on the rise. This trend will also continue in the years to come as well.

Read More

North America Foam Blowing Agents Market Will Reach USD 451.5 Million By 2030

In 2023, the North American foam-blowing agents market stands at a robust USD 305.8 million, with a projected compound annual growth rate (CAGR) of 5.8% anticipated during the period from 2024 to 2030. This substantial growth trajectory is expected to propel the market to reach an impressive USD 451.5 million by the year 2030.

Moreover, new applications in the healthcare market will aid in the growth of the sector. for instance, the FDA approved a new foaming agent for therapeutic gastrointestinal injuries in armed personnel by being injected into the abdomen. The needed pressure to halt the bleeding is molded by blowing agents. A recent study discovered that in the past few years, contemporary foaming tech aided in averting close to 91% of mortalities on the frontline.

Another major sector that utilizes foam-blowing agents is manufacturing, which endures to boom in the U.S. and Canada. Furthermore, the rising need for greater blowing agents to manufacture polymeric foams helps the sector grow. Apart from construction and building, the rising automotive & transportation, packaging, marine, furniture & bedding, electrical appliances, and packing sectors are driving the polymer foam market.

The foam category is segmented into polyurethane foam, polystyrene foam, phenolic foam, and polyolefin foam. The polyurethane foam category dominates the industry, and this dominance can be credited to the flexibility and distinctive properties linked with polyurethane foams.

In addition, in the field of use as roof or wall reinforcement for agriculture, home, and commercial buildings, there is a growing demand for PU foam blow agents. In this respect, the continuing growth of these sectors and the fact that building insulation is vital in a region as cold as it is has led to an increased market. It is only by good insulation that the desired temperature inside buildings may be maintained, and energy needs for heating are reduced.

Read More

Automotive Filter Market Will Touch USD 15.5 Billion in 2030

The automotive filter market was USD 12.3 billion in 2023, which will increase to USD 15.5 billion, powering at a 3.4% compound annual growth rate, by 2030.

This is because of the rising health worries among individuals, coupled with the growing level of environmental pollution, surging vehicle production and ownership rate, and implementation of strict government laws for emission reduction.

In 2023, the passenger vehicles category, based on vehicle, accounted for the larger share, primarily because of the surging need for luxury automobiles. Luxury vehicles offer greater-quality filters for the HVAC systems as well as intake manifolds, for high comfort levels and enhanced automobile performance, respectively. 

The commercial vehicles category, on the other hand, was a significant contributor to the industry, primarily because of the increasing e-commerce activities all over the globe. The speedy urbanization has established new e-commerce and retail platforms, which demand effective logistics, therefore resulting in the progression of this category.

In 2023, APAC accounted for the largest share, of 45%. This can be because of the increasing disposable salary of the middle class, the rising urbanization rate, growing automotive production and sales, and the existence of an enormous youth populace in this region.

Moreover, the strong auto component and automotive manufacturing base, coupled with the stringent environmental policy to reduce emissions, boost the industry in China and India.

North America was the second-largest contributor to the industry. This can be primarily because of the surge in the count of industry players in this continent as well as the growing requirement for passenger and commercial vehicles.

With the increasing worries about health owing to vehicle exhaust and the strict environmental rules to reduce emissions, the automotive filter industry will continuously progress in the coming years.

Read More

Automotive Ultrasonic Sensors Market Will Grow the Fastest in the APAC

The automotive ultrasonic sensors market will power at a compound annual growth rate of 5.1% by the end of this decade, to reach a value of USD 6,096.2 million in 2030. 

 APAC will be the fastest growing in the years to come as well. The region is observing extensive research and development activities in the autonomous vehicle field, driving the requirement for automotive ultrasonic sensors.

The continuing tech innovations in automotive sensors are trending in the years to come. The industry stalwarts are continuously innovating and updating their product offerings, thus catering to the mounting requirement for them in autonomous vehicles. 

For example, in September 2019, TDK Corp. introduced a novel series of ultrasonic sensor disks, on the basis of ceramics, which would help in park assistance, level measurement for fuel or SCR tanks, blind spot monitoring, and interior monitoring for anti-theft systems.

Semi-autonomous vehicles were the larger category in the past. This is for the reason that fully-autonomous automobiles, including level 4 and 5 autonomies, will be introduced in 2023 and 2025, correspondingly; therefore, in the past, only semi-autonomous vehicles were obtainable.

Commercial vehicles will have a faster growth in the years to come, in the automotive ultrasonic sensors market. The rising acceptance of these automobiles in the logistics sector, together with the projected implementation of autonomous features to improve the logistics activities, will drive the category growth.

Europe was the leader if the industry in the past. The increasing disposition of autonomous features in the automobiles, accompanied by the supportive governing policies executed by the government of more than a few countries, is the key contributor to the development of the industry. 

The prosperity of the market in this region is also boosted by the existence of some renowned automotive giants, for example BMW AG, Daimler AG, Chrysler Automobiles NV, Volkswagen AG, Fiat, and the Renault–Nissan– Mitsubishi Alliance.

 It is because of the increasing adoption of ADAS systems all over the world in vehicles, and the supportive regulations of the government for autonomous vehicle development, the demand for automotive ultrasonic sensors is on the rise. This trend will continue to grow in the years to come as well.

Read More

Ablation Technology Market is Powered by the Increasing Healthcare Infrastructure

The size of the ablation technology market generated USD 5,313.2 million e in 2023, and it will power at a rate of 9% by the end of this decade, to touch USD 9,672.9 million by 2030.

To learn more about this report: https://bit.ly/4aHiQo7

This is credited to the surge in the case count of chronic ailments, for example heart ailments, cancer, and ophthalmologic, gynecological, and urological ailments. This leads to an increase in the requirement for effective surgical therapies, which, powers the ablation device volume.

The radiofrequency ablators category had the largest share, of 25%, in 2023, and it will power at a rate of 9.2% by the end of this decade. This is as a result of the growing use of RFA for the treatment of cancerous and benign tumors, chronic neck and back pain, chronic venous inadequacy in the legs, and numerous further conditions. RFA is also put to use for atrial fibrillation, in which the heartbeat is irregular.

North America ablation technology market was the leader of the industry in 2023, as a result of the expansions in the tech and increasing consciousness with regards to its usefulness for more than a few treatments.

The surge in the count of patients with chronic ailments is adding to the industry growth. Already, cancer is among the leading grounds of death in the region. Its mortality rate will rise to about 3 million by the end of 2040. Likewise, about 37.3 million individuals in the nation were found to have diabetes, and about 96 million grown-ups had prediabetes.

APAC is the fastest growing region, with a rate of 9.5%, by the end of this decade. This has a lot to do with the snowballing consciousness of minimally invasive methods, evolving healthcare systems, and mounting economies. 

For example, in October 2022, Fortis introduced a 200-bedded multi-specialty hospital in Greater Noida. The hospital will host numerous international patients too, which would contribute to the development of India’s medical tourism sector.

It is because of the increasing healthcare infra all over the world, the demand for ablation technology is on the rise. This trend will continue to grow in the years to come as well.

Read More

ELISpot and FluoroSpot Assay Market is Powered by the Rising Elderly Population

The ELISpot and FluoroSpot assay market made USD 289.5 million revenue in 2023, and it will power at a compound annual growth rate of 7.9% by the end of this decade, to touch a total value of USD 490.8 million by 2030.

To learn more about this report: https://bit.ly/47ili1C

Some factors which are powering the industry are the increasing occurrence of chronic and communicable ailments at the global level, particularly HIV, and the growing elderly populace. ELISpot and FluoroSpot are diagnosis assays made for numerous diseases, for example infectious disease, cancer, and, autoimmune ailments.

Assay kits will have the largest share in the years to come as a result of the increasing incidence of infectious and chronic diseases, accompanied by the progression in assay kits. The ELISpot assay is also put to use for checking the efficiency of vaccines on immune mediators, for example, interferons, pro-inflammatory mediators, and interleukins.

North America leads the industry with a share, of 55%, in 2023. As per the U.S. Census Bureau, about 56 million adults aged 65 or more are in the U.S. and will be around 16.9% of the national populace. 

Further, there will be over 73 million older adults by the end of 2030, meaning over 1 in 5 people will be older. The total count of adults aged 65 and more will increase to 85.7 million by 2050 and account for around 22% of the overall populace of the nation.

It is because of the growing elderly population all over the world, the demand for ELISpot and FluoroSpot assays is on the rise. This trend will continue to grow in the years to come as well.

Read More

Rising Air Pollution is Driving Compressed Air Filter and Dryer Market

The size of the compressed air filter and dryer market was USD 5,596.7 million in 2023, and it will power at a rate of rate of 5.8% by the end of this decade, to touch USD 8,350.1 million by 2030. This has a lot to do with the growing air pollution, rising consciousness among individuals with regards to the advantages of strict government guidelines, fast industrialization, and progressions in tech with regards to compressed air filters and dryers.

Furthermore, the air dryer is majorly used in the in the elimination and control of moisture in the air and offering pure, clean, and safe compressed air, which will endorse its evolution in demand in the years to come. 

Furthermore, this is because the tech is proceeding particularly in the automation and manufacturing sectors and the substantial development in the automotive industry. Also, the requirement is growing for effective and dependable systems associated with compressed air dryers and filters for improving competence, quality of the product, and productivity in the vehicle manufacturing.

It is because of the increasing urbanization and air pollution all over the world, the demand for compressed air filters and dryers is on the rise. This trend will continue in the years to come as well.

Read More

Bio-Acrylic Acid Market Will Propel at a 15.8% CAGR

The bio-acrylic acid market was USD 457.8 million in 2023, which will increase to USD 1,275.7 million, advancing at a 15.8% CAGR, by 2030.

Thus, in the coming years, the industry will advance due to the extensive use of paints and coatings across different sectors. Furthermore, the need for environmentally friendly coatings is rising across different architectural, automotive, and industrial applications. 

The enduring recognition of acrylic acid as an element of such products has now opened the gates for its eco-friendly counterpart.

The superabsorbent polymers category, based on derivative, was a significant contributor, because of their capability to absorb a substantial quantity of aqueous solutions. This is the major reason behind their use in incontinence pads, diapers, controlled-release medications, absorbent medical dressings, and more.

The paints and coatings category, based on application, was the largest contributor to the bio-acrylic acid market. This is because of the numerous benefits of bio-acrylic acid in such products like enhancement in shelf life, texture, and consistency. 

APAC was the largest contributor to the industry, and it is likely to remain the largest throughout this decade, with USD 0.2 billion. This can be because of the rising industrial activities, which are, in turn, boosting the need for paints & coatings.

China led the industry in APAC, and it is likely to propel at a 16.2% CAGR, owing to the rising consciousness about personal hygiene, coupled with the increasing construction activities. 

Moreover, constant expansion is being observed in the automobile sector, which will boost the need for bio-acrylic acid as an important element of automotive coatings in the coming years.

With the surging need for sealants and adhesives, the bio-acrylic acid industry will continuously propel in the coming years.

Read More

Cell Surface Marker Detection Industry is Led by North America

The total value of the cell surface marker detection market was USD 5,505.5 million in 2023, and it will touch USD 9,427.4 million by 2030, proceeding at a rate of 8.1 by the end of this decade. The industry is powered by the surge in the demand for precision medicine, increase in the acceptance of in vitro diagnostics, and tech progressions that enhance quantity and the rate of automation.

To learn more about this report: https://bit.ly/48GTZiF

The flow cytometry category had the leading share, of 35%, in 2023. This is mostly because this method can measure a large count of parameters in the same sample and collect info from millions of cells within a few seconds. Moreover, with this method, any non-consistency in an unvarying cell population is sensed, and it also eliminates all the dead cells or wreckage when offering the final data.

Cell surface markers are prevailing tools that aid in identifying high-risk patients precisely, enhancing the accuracy of the analysis, proceeding follow-up policies for people, approximating susceptibility to targeted therapy or immunotherapy, and prediction of prognostic results.

North America led the pack with a share of 55%, in 2023, credited to the increasing number of tech progressions, surging elderly populace, and growing occurrence of chronic ailments.

The U.S. is facing a demographic shift with the surge in the count of citizens aged 65 and more. This age group’s share in the total people will rise to approximately 24 % by 2060 from 15% in 2016. The ageing populace is more prone to chronic ailments, for example cardiac ailments, gastrointestinal issues, and cancer. Moreover, the U.S. ranks 5th in the age-standardized rates for all cancers.

Due to the increasing demand for precision medicines all over the globe, the demand for cell surface marker detection is on the rise.

Read More