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Natural Gas Procurement Intelligence expected to grow at a CAGR of 5.5% from 2024 to 2030

  Natural Gas   Procurement Intelligence The procurement of natural gas is an essential part of ensuring a reliable energy supply. The global market size was estimated at USD 327.58 trillion in 2023. The increasing consumption from electricity and power sectors, focus on renewable energy, and the steady growth in global demand are driving the growth of the market. Prudent management of natural gas procurement helps companies provide the foundation for meeting society's energy needs sustainably. IEA projects that global gas demand will increase by 2.5% in 2024. Some of the frequent challenges faced by companies in this industry include regulatory and legal obstacles as a result of climate and weather changes, rising demand, fluctuations in prices, and aging pipelines. Thus, the integration of new technologies such as the Internet of Things (IoT), AI/ ML, and robots enable companies to monitor effectively, automate, and thereby optimize the commodity supply chain. A few examples...

Cleaning And Hygiene Products Industry anticipated to reach USD 233.43 billion by 2030

  Cleaning And Hygiene Products Industry Overview The global cleaning and hygiene products market size was estimated at USD 153.58 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. The market is driven by various factors such as the increasing number of single-person households, rising disposable income, heightened health and hygiene priorities among consumers have driven a surge in the demand for household cleaning products. Moreover, the market has witnessed ongoing product innovations, as numerous companies expand their product ranges, significantly transforming the industry landscape. The COVID-19 pandemic significantly heightened awareness regarding hygienic practices and household cleanliness on a global scale. This increased awareness sparked an unprecedented surge in demand for cleaning products, resulting in a widespread shortage. Manufacturers responded by ramping up production capacity, which notabl...

Sports Equipment Industry expected to expand at a CAGR of 6.4% from 2022 to 2030

  Sports Equipment   Industry Overview The global sports equipment market size was valued at USD 331.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. Continuous innovations and rapid technological advancements to keep pace with dynamic consumer preferences are driving the growth of the market. The increasing awareness about the benefits of a healthy lifestyle and the importance of sports and fitness activities, is further stimulating the demand for such equipment. The Covid-19 pandemic has adversely affected several industries including the athletic and fitness industry. Many tournaments and game events, including the Olympics, have either been postponed or their format has been altered. As a result, stakeholders in the market are trying to assess the downstream impact arising from disrupted cash flows, insecurities, and the potential declines in long-term attendance and engagement. Gather more insights about the ma...

Industrial Robotics Industry expanding at a CAGR of 10.5% from 2023 to 2030

  Industrial Robotics  Industry Overview The global industrial robotics market was valued at USD 26.52 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. The growing trend of Industry 4.0 is driving the use of robotics and smart manufacturing in the industrial sector. Manufacturers are expanding their factories to cater to the growing demand for industrial robotics. For instance, in December 2022, ABB Ltd. opened a new mega robotics factory for production and research in Shanghai, China. The company invested around USD 150 million to launch the 67,000-square-meter factory. Moreover, companies are developing robots with advanced technologies and modern features due to the growing industrial sector and its complex processes. For instance, in June 2022, Epson Robotics launched its GX4 and GX8 SCARA robotics series. The company announced that the robots would provide multiple arm support and offer high precision ...

Recycled Plastics Industry expected to exhibit grow at a CAGR of 9.5% from 2024 to 2030

Recycled Plastics Industry Overview The global recycled plastics market size was estimated at USD 51.70 billion in 2023 and is projected to grow at a CAGR of 9.5% from 2024 to 2030.  Increasing plastic consumption in the production of lightweight components which are used in various industries including building & construction, automotive, electrical & electronics, and various other industries are expected to propel the market growth over the forecast period. Gather more insights about the market drivers, restrains and growth of the   Recycled Plastics Market The rise in online purchases of electrical & electronics, personal care products and personal protective equipment products such as gloves, face masks, and various products is driving the demand for recycled plastics used in different types of packaging sources. According to the Verge, the demand for affordable consumer electronic products such as  laptops ,  mobile, modems a...