Latest Market Research Report 2025

  Africa Diesel Generator Industry Overview The Africa diesel generator market size was valued at USD 5.35 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Datacenter had experienced a high growth rate owing to an increase in momentum towards digitalization in the region. Datacenters need to have multiple layers of backup power to ensure continuous operation. Further, in case of any power failure which even lasts only for a few minutes can cause interruption of the work of the entire organization and can result in considerable economic losses.   Industry and construction are the major growth contributors to the economy in Tanzania. The growth in the construction sector is due to growing public investments in the construction of railways, airports, roads, port expansions, and bridges. The manufacturing sector in the country mainly includes food processing, textiles, chemicals, beverages, leather products, ...

  Asia Pacific Plastics in Consumer Electronics Industry Overview The Asia Pacific plastics in consumer electronics market size was valued at USD 3.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028.   The growth of the market is driven by the increasing adoption of bio-based polycarbonate by manufacturers of consumer electronics. Increased investments in research & development activities and the introduction of recycled polymers such as bio-based polycarbonate have been key factors offering a competitive advantage to the players in this market.   Stringent rules and regulations to monitor plastic consumption across the region, including the ban on plastic waste imports in China since 2017, are expected to act as a restraint for the growth of the Asia Pacific plastics market in consumer electronics in the near future. The Asia Pacific region has been the fastest-growing market for plastics ...

  Middle East & Africa Aluminum Foil Packaging Industry Overview The Middle East & Africa aluminum foil packaging market size was valued at USD 1.94 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2028.     A major shift from plastic packaging to sustainable packaging choices is anticipated to augment the growth of the market. The rising number of food service outlets and a resultant rise in demand for food packaging containers are expected to drive the market over the forecast period. The rapid expansion of the middle-class population in the region is further expected to play a pivotal role in the growth of the food & beverage sector. Among types of aluminum foil packaging, foil wraps are used for wrapping food products in households as well as in the food & beverage industry. Rising usage of blister packs for packaging of medicinal tablets & capsules is further expected to su...

  Canada Maintenance, Repair & Overhaul Distribution Industry Overview The Canada maintenance, repair & overhaul distribution market size was estimated at USD 13.60 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 4.3% from 2020 to 2028.   Periodic maintenance, repair, and overhaul (MRO) activities to reduce operational costs and to enhance the productivity of industrial operations are expected to drive the demand for MRO distribution. The COVID-19 outbreak in Canada has negatively impacted the manufacturing and service industries on account of the closure of production and related services. Suspension of trade across the globe and Canada has further disrupted the demand-supply of essential; components in 2020, thus negatively impacted the market for MRO distribution.   Gather more insights about the market drivers, restrains and growth of the Canada Maintenance, Repair & Overhaul Distribution Market   The main...

  U.S. Residential Solar PV Industry Overview The U.S. residential solar PV market size was estimated at USD 9.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2028. The market is driven by the presence of favorable policies and regulations for net metering and financial incentives such as Investment Tax Credit (ITC) in the U.S.   Decrease in solar PV (photovoltaic) installation costs in the last decade has resulted in high growth of solar PV in the U.S. Further, the presence of easy solar financing options provides a number of options for residential end-users to choose from, which has propelled the growth of the market.   The rise in environmental concerns regarding the increase in carbon emissions owing to the usage of conventional fuels for transportation and power generation purposes has prompted countries around the world to opt for cleaner and efficient sources of power. Furthermore, t...

  Gummy Industry Overview The global gummy market size was valued at USD 16.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.6% from 2020 to 2028.   The market is witnessing significant growth owing to the rising health-conscious consumer base demanding easy-to-consume dosage forms of supplements. The rapid pace of social and technological changes has led to unhealthy and hectic lifestyles resulting in increased prevalence of Cardiovascular Diseases (CVDs) and heart problems. The desire and seeming wherewithal to live longer and healthier lives is a huge driver for preventive health measures. The U.S. tops the overall market, in terms of revenue share.   Gather more insights about the market drivers, restrains and growth of the Global Gummy Market   The expansion of the dietary supplement industry in the country coupled with healthy changes in daily routine owing to increased awareness regarding preventive heal...

  Beverage Flavoring System Industry Overview The global beverage flavoring system market size was estimated at USD 4.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2020 to 2028.   The availability of a wide variety of beverages such as sparkling drinks, juices, energy drinks, flavored milk, mocktails, smoothies, tonic water, beer, wine, cider, cocktails, hard alcohol, alcohol-free cocktails, spiked sodas, alcohol-free beers, and spirits and their increasing consumption is driving the demand for beverage flavoring system.   A flavoring system refers to the combination of varied ingredients such as flavoring agents, flavor carriers, flavor enhancers, preservatives, emulsifiers, and stabilizers among others. These ingredients enhance the flavor or taste of alcoholic and non-alcoholic beverages. The increasing awareness about the various ingredients among manufacturers along with their respective functionalities is drivi...

  Power Strip Industry Overview The global power strip market size was valued at more than USD 10.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028.   The market is expected to benefit from the increasing demand for a stable power supply. The surge in the demand for utility and electrical equipment is increasing the need for a stable power supply, which has increased the importance of improving the quality of power in electrical systems. The COVID-19 pandemic has positively impacted the market growth owing to a steep rise in online sales and the increasing usage of multiple devices at home. Due to the lockdown, customers across the world have started working from home; therefore, protecting electrical devices has become more important, thus surging the sales of power strips with surge protectors.   Gather more insights about the market drivers, restrains and growth of the Global Power Strip Market   ...

  Europe Fireproof Cladding Industry Overview The Europe fireproof cladding market size was valued at USD 14.64 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.1% from 2021 to 2028.  Stringent fire safety regulations in residential, commercial, and industrial buildings, made by governments across Europe are expected to drive the demand for fireproof claddings in the projected period. The COVID-19 outbreak in Europe has negatively impacted the construction industries on account of the closure of construction operations and relative services. Suspension of trade across the globe and European region has further disrupted the demand-supply of construction materials in 2020, thus negatively impacted the market. Gather more insights about the market drivers, restrains and growth of the Europe Fireproof Cladding Market The market in the U.K. is expected to expand at a revenue-based CAGR of 12.3% over the forecast period. The COVID-19 outbr...

  Veterinary Care Industry Overview The global veterinary care market size was valued at USD 74.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028.   Increasing cases of chronic diseases in pets and livestock animals are fueling the demand for better veterinary care. Many awareness programs are being conducted around the world regarding better veterinary care, thus propelling the demand. For example, each year, during the first week of October, Canadian Veterinary Medical Association organizes Animal Health Week, a national public awareness campaign. The introduction of initiatives, such as the One Health Initiative for the improvement of healthcare standards for animals, has widened growth prospects for the market. Gather more insights about the market drivers, restrains and growth of the Global Veterinary Care Market This collaborative initiative unites clinical care, disease surveillance, control, and education ...

  Vessel Sealing Devices Industry Overview The global vessel sealing devices market size was valued at USD 1.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2028.   Growing product developments, surgical procedures, and preference for minimally invasive surgeries are some of the key drivers of this market. Medtronic, a market leader in vessel sealing devices for example, registered record sales of USD 5.4 million in its surgical innovations portfolio comprising of advanced energy, stapling, and visualization devices. This was owing to a strong portfolio with continuous product enhancements.   Gather more insights about the market drivers, restrains and growth of the Global Vessel Sealing Devices Market   Rising product improvements is a key driver contributing to the growth of the market for vessel sealing devices. This is due to the growing demand for vessel sealing devices that offer better consistency...

  Semi-Autonomous Vehicle Industry Overview The global semi-autonomous vehicle market demand was valued at 14.22 million units in 2020. The market is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2021 to 2028.   The rising need for safer and more efficient driving systems promotes the development and adoption of semi-autonomous vehicles. Semi-autonomous offers better driving control and driver safety, thus offering promising growth opportunities. Moreover, several regional governments have placed stringent driving and safety laws further encouraging companies to offer these technologies in their automobiles.   Gather more insights about the market drivers, restrains and growth of the Global Semi-Autonomous Vehicle Market   Several technological advancements have helped to foster a conducive environment for the growth of the market. 5G delivery model, Wireless Local Area Network (WLAN), GPS, and vehicle-to-vehicle technology have imp...

  Lease Management Industry Overview The global lease management market size was valued at USD 4.01 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2028.   The rising need for effective lease management is fueling the demand for SaaS lease management solutions, thereby driving the market. The growth in the number of smart building projects across the globe is also resulting in an increased demand for lease management solutions as property managers seek advanced solutions to effectively manage leases. Moreover, the COVID-19 pandemic is resulting in an increased demand for workplace mobility solutions, thus driving the demand for web-based lease management solutions.   Gather more insights about the market drivers, restrains and growth of the Global Lease Management Market   However, budget limitations hinder the adoption of advanced solutions in most small and medium enterprises, which could negatively impa...

  Microneedling Industry Overview The global microneedling market size was valued at USD 472.34 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028.   Rising aesthetic consciousness among consumers, increasing geriatric population, awareness about the effectiveness of microneedling procedures, and availability of at-home microneedling devices are expected to boost the market growth. Microneedling, as stated by the American Academy of Dermatological Association, is a minimally invasive procedure that involves the superficial micro puncturing of the epidermis using a dermapen or a roller that is embedded with thin, miniature metal or silicon needles. The main aim of the technique is to induce peripheral trauma on the skin to trigger the skin’s repair mechanisms and boost underlying collagen production.   Gather more insights about the market drivers, restrains and growth of the Global Microneedling Market   D...

  Lab Automation Industry Overview The global lab automation market size was estimated at USD 4.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2028.   Lab automation uses technology to substitute or streamline the manual manipulation of processes and equipment. Depending on the workflow of a lab the degree of automation is decided. The extended use of automated instruments is most often observed at academic and research institutes to enhance their productivity and decrease the time spent on various tedious tasks. Additionally, the use of automated instruments by drug discovery units of pharmaceutical companies is further anticipated to automate its research phases extensively, propelling market growth.   Gather more insights about the market drivers, restrains and growth of the Global Lab Automation Market   The rise in advantages offered by lab automation is one of the major factors anticipated to boos...

  Civil Aviation Industry Overview The outbreak of the COVID-19 pandemic has had a significant impact on the overall aviation industry. The civil aviation industry particularly confronted considerable revenue losses, with revenues plummeting over the year from USD 837.53 billion in 2019 to USD 459.64 billion in 2020 as travel restrictions and social distancing norms drastically reduced the demand for air travel during the first two quarters of 2020.    Although the industry has been showing some signs of recovery since the third quarter, the recovery rate remains sluggish and it is anticipated that revenues would gradually attain their pre-pandemic levels only over the next five years. As such, the market is poised for a gradual recovery to generate revenues worth USD 1.09 trillion in 2028, registering a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028.   Gather more insights about the market drivers, restrains and growth of the Global Civil Aviatio...