Syndicated Research Studies

The global sorbitol market was valued at approximately USD 1.66 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. This growth is primarily fueled by the increasing demand for diabetic and dietetic food and beverages. As consumers increasingly prefer sorbitol as a sugar substitute in food products, market demand is expected to significantly rise in the coming years. Additionally, sorbitol is gaining traction in oral care products, as it is metabolized more slowly than other sugar alcohols, helping to prevent dental issues such as cavities and tooth decay. These benefits are anticipated to contribute positively to the industry’s growth during the forecast period. Furthermore, the trend of relocating production facilities to the Asia Pacific region, where production and labor costs are lower, has resulted in reduced prices for sorbitol, thereby boosting demand for its non-food applications. A key factor driving the market is th

The global solar tracker market was valued at approximately USD 4.41 billion in 2022 and is projected to experience significant growth, with a compound annual growth rate (CAGR) of 26.2% from 2023 to 2030. This growth is largely driven by rising concerns about energy conservation and the ongoing transition from non-renewable to renewable energy sources, which is expected to greatly increase the demand for solar energy and consequently, for solar trackers over the forecast period. Solar trackers utilize a variety of electrical components, including actuators, motors, and sensors, to adjust the positioning of solar cells. This adjustment allows solar panels to concentrate sunlight more effectively, thereby maximizing energy capture. The solar radiation collected by these systems is converted into electricity, which is utilized across various end-user segments. The increasing acceptance of solar power as a practical source for commercial energy generation is gaining momentum, driven by t

The global quantum computing market was valued at approximately USD 1.21 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 20.1% from 2024 to 2030. The quantum computing ecosystem is rapidly advancing, marked by a surge of startups entering the field. These emerging companies are focusing on various aspects of quantum technology, including hardware, software, and application development. Furthermore, the market is witnessing a notable increase in investments from both government entities and the private sector. Governments are allocating substantial resources to quantum research and development initiatives to gain a competitive edge in the realm of emerging technologies. Despite being considered an emerging technology, quantum computing holds immense potential. Unlike classical computers, which use bits as the smallest unit of data, quantum computers utilize quantum bits, or qubits. These qubits can simultaneously represent both 0 and 1, thanks to t

The global population health management (PHM) market was valued at approximately USD 70.0 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 22.0% from 2024 to 2030. The healthcare sector is experiencing a profound transformation as it shifts from traditional paper-based systems to digital solutions, driving an increased demand for healthcare IT services. This transition is further fueled by the rising need for solutions that assist healthcare providers, facilitating a shift from Fee-For-Service (FFS) payment models to Value-Based Payment (VBP) models. The growing necessity for effective disease management strategies is also expected to propel market growth. The COVID-19 pandemic exerted significant pressure on medical institutions globally, as healthcare systems confronted an overwhelming surge of patients. This crisis highlighted the critical need for dependable diagnostic and treatment solutions. PHM solutions have proven highly beneficial for hea

The global pea protein market was valued at USD 2.12 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2030. This expansion is primarily driven by an increasing awareness of the environmental impacts associated with animal agriculture, alongside health concerns related to meat consumption. As a result, more consumers are opting for plant-based alternatives. Pea protein is recognized as a high-quality protein source, gaining popularity among vegetarians, vegans, and health-conscious individuals. Its appeal is further bolstered by being free from common allergens such as soy and gluten, making it an excellent choice for those with specific dietary needs. The rising global trend towards vegan and vegetarian diets is significantly shaping consumer preferences, leading to a heightened demand for plant-based products. Pea protein has emerged as a versatile ingredient, finding uses in a wide array of products, including meat substitutes, d

The global mining automation market was valued at USD 4.90 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. This anticipated growth is primarily driven by rapid technological advancements, especially in the fields of Artificial Intelligence (AI) and robotics. These innovations have led to a higher adoption of mining automation solutions aimed at enhancing production efficiency. The increasing trend towards implementing cutting-edge technologies is significantly boosting the demand for automated mining systems. Furthermore, the rise of the Internet of Things (IoT) in the mining sector is enabling mine management to access real-time data and analytics, supported by advanced visualization tools. Many mining operators are forming partnerships with technology companies to establish wireless networks in underground environments, further enhancing operational efficiency. Gather more insights about the market drivers, restrains and g

The global dental implants market was valued at USD 4.99 billion in 2023 and is projected to experience substantial growth at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2030. This growth is largely driven by the increasing adoption of dental implants across various therapeutic areas, alongside a rising demand for prosthetics. Prosthetics play a crucial role in driving the demand for dental implants, particularly in the realm of oral rehabilitation, which helps restore both oral function and facial aesthetics for patients. Acceptance of dental implants among patients and dental surgeons is growing, primarily due to the disadvantages associated with removable prosthetics. These drawbacks include discomfort, an unnatural appearance, and the ongoing maintenance required. In contrast, prosthetics that are mounted on dental implants do not interfere with soft tissues and provide improved aesthetics, further contributing to the anticipated growth of the industry. Gather more

The global casino management systems market was valued at USD 7.16 billion in 2022 and is projected to experience robust growth at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030. This anticipated growth is primarily driven by the increasing demand for innovative technologies within the gaming industry, which are expected to enhance both the appeal and operational efficiency of casino management systems. Additionally, the ongoing legalization of gambling and the rising number of gaming establishments are expected to significantly contribute to market expansion in the near future. The growing prevalence of gambling clubs around the globe is also creating favorable conditions for the growth of the casino management systems market. For instance, the American Gaming Association (AGA) reported that there were 979 gaming clubs in the U.S. as of 2018, making it the country with the highest number of casinos in the world. In recent years, the industry has undergone considerabl

The global air compressor market was valued at USD 25.46 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2030. This growth is largely driven by stringent environmental regulations and an increasing emphasis on sustainability, prompting industries to adopt more eco-friendly air compressor solutions. In the Asia Pacific region, key sectors - including manufacturing, oil and gas, food and beverage, energy, medical, and home appliances are experiencing significant growth, fueled by rising investments from both public and private entities. China and India stand out for their strong potential in future sales and demand for air compressors, primarily due to their established manufacturing hubs. In the United States, several factors are contributing to the growing demand for air compressors, including environmental concerns, stringent regulatory requirements, industrialization, and the need for high-quality air in various industrial applic

The global 5G services market reached a valuation of USD 84.31 billion in 2023 and is projected to experience remarkable growth, with a compound annual growth rate (CAGR) of 59.4% from 2023 to 2030. The advent of 5G wireless mobile services is creating an entirely mobile and interconnected ecosystem, providing a wide range of use cases and business models for consumers. The outstanding data speeds and minimal latency associated with 5G technology significantly improve user experiences across various applications, including Virtual Reality (VR) and Augmented Reality (AR) gaming, high-quality video calls, and Ultra-High Definition (UHD) video streaming, among others. The rising demand for high-speed data connectivity - especially for integrated Internet of Things (IoT) applications such as smart home energy management systems - is anticipated to propel the widespread adoption of 5G services throughout the projected period. Additionally, a notable trend is emerging where 5G system integr

The global virus filtration market was valued at approximately USD 4.26 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 10.1% between 2023 and 2030. This growth is largely driven by the increasing incidence of chronic illnesses, such as cancer, diabetes, and autoimmune diseases, which is expected to boost the demand for biologics. According to the World Health Organization (WHO), about 422 million people worldwide suffer from diabetes, with a particularly rapid rise observed in low- and middle-income countries compared to their high-income counterparts. Diabetes is associated with numerous complications, including lower limb amputations, kidney disease, heart attacks, strokes, and vision loss. Notably, from 2000 to 2019, mortality rates related to diabetes increased by 3% across all age groups, with an estimated 2 million deaths in 2019 attributable to diabetes-related kidney disease. The COVID-19 pandemic has had a positive impact on the virus fi

The global transformer oil market was valued at approximately USD 2.73 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2030. This growth is primarily driven by the increasing demand in the power sector worldwide and advancements in electric grid technology in developing nations. Each power and distribution transformer utilizes dielectric insulating fluid, which not only offers strong electrical resistance but also helps in maintaining optimal temperatures within the transformer. Bio-based transformer oils are particularly noteworthy for their superior fire resistance and are expected to see the most significant growth through 2030. Given that bio-based oils are entirely non-toxic, they also simplify disposal processes, making them more reliable and environmentally friendly. The rising installation of transformers globally is likely to further increase the demand for bio-based products. Moreover, power utilities are prioritizing the

The global smart antenna market was valued at USD 6.37 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.68% from 2022 to 2030. These advanced antennas are capable of receiving and decoding a wide range of signals accurately and without errors. The market is experiencing rapid growth due to the technology's ability to facilitate secure, high-speed two-way communication. As industries increasingly rely on swift communication, the demand for smart antennas is rising. The expansion of the market is further fueled by the integration of 5G millimeter-wave radio frequencies, which are essential in our digitally connected world, increasing the need for long-range, encrypted data transfer. This surge in demand is evident in both developed and developing countries. Moreover, this market growth has opened up new opportunities for the manufacturing and maintenance of systems that ensure the longevity and reliability of these products. As a technically orie

The global pipe insulation market was valued at approximately USD 8.87 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. This growth is largely driven by increasing consumer awareness regarding energy conservation. The market faced significant investment declines in the industrial sector during the pandemic, adversely affecting overall growth. Additionally, a sharp decline in crude oil prices reduced fiscal resources for oil-producing nations, subsequently decreasing product demand from the oil and gas sector. Notably, the Asia Pacific region is anticipated to see substantial growth during the forecast period, primarily due to the expanding industrial base in countries like China and India. The rapid pace of urbanization, alongside the growing demand for both residential and commercial construction, is expected to further stimulate market growth. In the U.S., the increasing adoption of district heating systems-prompted by ri

The global market for hot melt adhesives was valued at approximately USD 7.37 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% between 2021 and 2028. The increasing application of hot melt adhesives, particularly in the packaging sector for tasks such as sealing boxes and cartons for food and consumer products, is a significant driver of this market expansion. Hot melt adhesives (HMAs) are versatile, bonding effectively with a range of materials including fabric, paper, ceramics, metals, cardboard, and plastics, making them ideal for various DIY projects. While DIY trends are well-established in developed regions like North America and Europe, they are still gaining traction in other areas. Common DIY uses include crafts, packaging of general goods, and woodworking activities. In the United States, there is a notable presence as both a major producer and consumer of hot melt adhesives. Demand for these products surged significantly due to the CO

The global market for fuel cell vehicles (FCVs) was valued at approximately USD 1.45 billion in 2022 and is projected to experience remarkable growth, with an estimated compound annual growth rate (CAGR) of 52.5% from 2023 to 2030. This growth can be attributed to the rising population, which has led to increased pollution levels, prompting a shift towards clean fuels and green technologies aimed at effectively reducing carbon emissions. This shift has positively impacted the demand for FCVs in recent years. There has been an accelerated transition from traditional fuel-powered vehicles to environmentally friendly options, further boosting FCV demand. Contributing factors include stringent environmental regulations, government incentives and subsidies for clean fuels, and concerns over hazardous emissions from conventional combustion engine vehicles, all of which are expected to drive market growth throughout the forecast period. Additionally, growing awareness regarding vehicle emissi

The global capnography devices market was valued at USD 676.6 million in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2030. This growth is expected to be fueled by advancements in technology, a rising incidence of respiratory conditions, and support from government initiatives. The increasing adoption of capnography for managing respiratory diseases is likely to improve the clinical effectiveness of these devices in patient monitoring due to their proven reliability and efficiency. For example, in 2022, 4.6% of adults were diagnosed with chronic obstructive pulmonary disease (COPD), emphysema, or chronic bronchitis at some point in their lives. Additionally, 4.2% of office-based physician visits documented COPD in medical records, and there were around 791,000 emergency department visits where COPD was the primary reason for seeking care. Technological innovations in capnography, such as the emergence of portable and handheld devices, e

The global base oil market was valued at USD 19.46 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. This growth is primarily driven by the rising demand for engine oils across various sectors, including metallurgy, automotive, chemicals, heavy equipment, and power generation. The market is characterized by its fragmentation, featuring numerous innovative players vying for market share. Intense competition compels these participants to focus on customer retention as a strategy to maintain a competitive advantage. Many companies are now pursuing collaborative business strategies to boost productivity, deliver high-quality products, and enhance their regional presence. Base oil plays a vital role in formulating lubricant oils, with extensive applications across a wide range of industries. Specifically, Group I base oils are predominantly used in marine lubricants, which are essential for the shipping industry, helping to protect

The global automotive relay market was valued at USD 13.53 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. Over the past decade, the diversification of electric automotive components has led to a rise in the number of relays employed as switching devices, each necessitating different features tailored to specific applications. The industry is anticipated to experience steady growth during the forecast period, driven by advancements in miniaturization and the development of high contact capabilities to meet the mounting space constraints found within the Electric Control Unit (ECU) of vehicles. As electric automotive parts continue to diversify, the number of relays utilized for switching has increased, each with unique feature requirements. Miniaturization and the enhancement of contact capabilities are particularly important within the ECU, where limited mounting space is a challenge due to the clustering of relays. Reliab

The global ultrasound devices market was valued at USD 9.79 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.24% from 2024 to 2030. This growth is largely driven by the increasing use of ultrasound equipment for both diagnostic imaging and therapeutic treatments, along with the rising incidence of chronic and lifestyle-related disorders. Additional factors contributing to the market expansion include a heightened demand for minimally invasive surgical procedures and ongoing advancements in ultrasound imaging technology. Ultrasound stands out as a primary diagnostic tool within the medical imaging landscape, particularly when compared to other imaging modalities. It is typically more cost-effective and quicker, making it a preferred choice. Moreover, because ultrasound does not rely on ionizing radiation or magnetic fields, it is considered safer than many alternative imaging technologies. Gather more insights about the market drivers, restrains and

The global tube packaging market was valued at USD 9.91 billion in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The primary driver for this market growth is the increasing demand for tube packaging across various application industries, including cosmetics and personal care, healthcare, and food. As consumers become more aware of personal health and wellness, this awareness is expected to further stimulate the growth of the personal care market. Additionally, a growing focus on personal appearance is contributing to the heightened demand for personal care products, which in turn will elevate the need for tube packaging solutions. The United States stands out as a significant market within the global beauty and personal care sector, largely due to the high spending power of its consumers. In the U.S., there is a rising demand for organic personal care products, driven by shifting consumer preferences towards natural ingredients. The

The global spunbond nonwoven market was estimated to be valued at USD 13.88 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2020 to 2027. This growth is largely driven by an increasing birth rate and heightened awareness of the advantages associated with using baby diapers, which are significant applications for spunbond nonwovens. Additionally, the rising utilization of spunbond nonwovens in geotextiles is expected to positively influence market demand. An increasing number of professionals in transportation infrastructure—such as planners, builders, and engineers—are adopting geotextiles as a durable solution for highways, roads, railways, and foundational support. Moreover, geotextiles are finding new applications in sectors like mining and oil drilling, as well as shale gas extraction, which presents further growth opportunities for the market. In particular, the market in China is anticipated to show significant growth due to the rap

The global smart pills market was valued at USD 1.71 billion in 2023 and is projected to experience significant growth at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2030. Smart pills, commonly referred to as digital pills or ingestible sensors, represent a revolutionary advancement in medical technology by integrating pharmaceuticals with digital monitoring capabilities. These pills are embedded with miniature sensors that collect and transmit data regarding the body’s response to medication intake, including vital signs and adherence to prescribed treatments, to devices such as smartphones and computers. By providing real-time insights into patient health and the effectiveness of treatments, smart pills empower healthcare professionals to tailor treatment plans more accurately and to intervene swiftly when necessary. Several key factors are contributing to the growth of the smart pill technologies market. These include favorable reimbursement policies, increasing pati

The global polyisobutylene market was valued at USD 1.87 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. This market growth is largely driven by the diverse applications of polyisobutylene, which include its use in adhesives and sealants, rubber components in the automotive sector, as well as in fuel and lubricant additives. The increasing popularity of tubeless tires in the automotive industry—due to their ease of replacement and lower maintenance requirements—has further contributed to this growth. Polyisobutylene serves as an effective barrier to oxygen, making it an ideal material for the inner liners of tubeless tires. Notably, polyisobutylene (PIB) is characterized by low moisture and gas permeability, along with excellent electrical insulation properties. The COVID-19 pandemic led to a significant shift toward remote work, resulting in increased voice traffic, residential broadband usage, and mobile data consumption. I

The global encryption software market was valued at USD 13.46 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This growth is largely driven by escalating concerns over data security, particularly as the trends of the Internet of Things (IoT) and Bring Your Own Device (BYOD) become more prevalent among businesses. These trends have led to a rise in cyberattacks, commercial espionage, data breaches, and thefts, highlighting the urgent need for organizations to safeguard sensitive information and comply with regulatory requirements. Advancements in mobile technology - both in hardware and software - along with the widespread adoption of smartphones within the business environment, are expected to significantly increase the demand for encryption software by 2030. The growing presence of mobile devices in workplaces has heightened the risk of data loss, making the implementation of encryption solutions essential for ensuring se

The global eco fiber market was valued at approximately USD 43.07 billion in 2022 and is projected to grow at a rate of 7.6% during the forecast period. This growth is largely attributed to the increasing popularity of organic cotton. Manufacturers are increasingly choosing organic cotton because its production process avoids the pollution of surface water, soil, and air. Additionally, growing concerns about the negative environmental impacts associated with synthetic fibers have significantly boosted the demand for organic eco fibers in recent years. Eco fibers are also becoming increasingly sought after in the fashion industry, particularly in designer garments and apparel. Continuous innovations in eco fiber textiles are enhancing their appeal, with products being developed that feature antimicrobial, hypoallergenic, insulating, UV-resistant, highly breathable, and absorbent properties. These advancements are expected to further establish the significance of eco fibers in the cloth

The global cellular health screening market was valued at USD 2.78 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030. During this period, the significance of precision medicine is expected to rise, particularly with the growing need to analyze biomarkers related to aging and overall cellular health. Cellular health screening is essential for monitoring how the body responds to various treatment regimens, which is likely to further drive market growth. However, the COVID-19 pandemic had a notable impact on companies providing cellular health screening products and services, leading to a decrease in sales and overall testing volumes. Government-imposed mandates related to the pandemic, combined with transportation restrictions and limitations on the import and export of raw materials, disrupted supply chains significantly. In response to the reduced demand stemming from these supply chain challenges, many businesses diversified

The global automotive glass market was valued at USD 30.8 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. A significant factor driving this growth is the increasing focus on lightweight vehicles, which stems from rising concerns about harmful emissions from automobiles that negatively impact the environment. According to the International Organization of Motor Vehicle Manufacturers (OICA), global automobile production reached 85.02 million vehicles in 2022. This robust production volume is largely due to advancements in the automotive manufacturing sector, particularly in countries like China and India, where government initiatives regarding motor vehicle regulations are on the rise. Moreover, ongoing technological advancements in the automotive industry, coupled with continuous innovations in vehicle design, have prompted market players to develop more sophisticated products for automotive manufacturers. For instance, duri

The global 5G chipset market was valued at USD 39.32 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2030. Key factors driving this growth include the increasing demand for extensive network coverage and high-speed internet, as well as the rising utilization of Machine-to-Machine (M2M) communication technology. Additionally, the growing integration of 5G networks in smart cities, automotive applications, and the healthcare sector is further propelling the demand for 5G chipsets. The heightened use of connected devices, including cars, smartphones, and tablets, is also significantly contributing to market expansion. The widespread penetration and adoption of 5G smartphones around the globe are fueling the demand for 5G chipsets. According to the GSMA’s report, "The Mobile Economy 2023," the adoption of 5G technology is expected to rise due to the availability of more affordable devices and the rollout of new networks. B

The global waste management market was valued at USD 1,293.70 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth is expected to be driven by stringent government regulations, such as the Resource Conservation and Recovery Act and Waste Shipment Regulation, aimed at enhancing waste management services. During the COVID-19 pandemic, waste production from the commercial and industrial sectors decreased significantly due to lockdown measures that resulted in the temporary or permanent closure of factories and offices. Conversely, there was an increase in urban waste generated from residential areas as people spent more time at home. With the reopening of production facilities in early 2021 and the rise in vaccination rates, the waste recycling industry began to restart, allowing companies to return to full operational capacities. Gather more insights about the market drivers, restrains and growth of the  Waste Managemen