Monday, April 29News That Matters
Shadow

Solar PV Supply Chain Market Set to Soar, Reaching $318.3 Billion by 2030

Press Release
The global solar PV supply chain market is poised for remarkable growth, with a forecasted valuation of $318.3 billion by 2030, a substantial increase from the $125.8 billion achieved in 2022. The market is projected to witness a Compound Annual Growth Rate (CAGR) of 12.3% between 2023 and 2030, according to a recent report by Fairfield Market Research. Key Trends Fueling Market Growth Rising Demand for Renewable Energy: The increasing global demand for renewable energy sources, driven by concerns about climate change and environmental sustainability, is a key driver for the solar PV supply chain market. Technological Advancements: Rapid technological advancements, especially in solar cells and inverters, have boosted supply chain efficiency and reduced costs, making solar energy more co...

Quinine Market Size on a Growth Trajectory: Expected to Reach US$3.2 Billion by 2030

Press Release
The global quinine market is poised for significant growth, with a projected increase from its 2022 value of approximately US$2.1 billion to a staggering US$3.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.5% during the period from 2023 to 2030. Increasing Health Awareness Drives Market Expansion The quinine market is being fueled by a growing concern for public health and an increased awareness of health-related issues among the general population. Moreover, the consumption of tonic water, which contains quinine, is on the rise, further boosting the demand for quinine. 200mg Quinine Leads the Way In 2022, the 200mg category dominated the industry, primarily used to combat malaria parasites residing inside red blood cells. The choice of dosage depends on various f...

Medical Device Connectivity Market Industry Size, Share, Trends & Forecast, 2033

Press Release
Market Overview: In 2022, the global medical device connectivity market reached a valuation of US$1.98 billion, with a projected surge to US$23.26 billion by 2033, exhibiting a remarkable CAGR of 25.2% from 2023 to 2033. This market involves the integration of medical devices with healthcare information technology systems, including electronic health records (EHR) and hospital information systems (HIS). Various medical devices, such as wearables, diagnostic equipment, and therapeutic devices, are connected to these systems, aiming to enhance patient care and improve clinical outcomes. Currently representing a 2% share of the global medical devices connectivity market, medical device connectivity is anticipated to grow rapidly due to the rising demand for efficient healthcare delivery and ...

Atomic Spectroscopy Market Size Surges with 6.5% CAGR Forecast 2030

Press Release
The global atomic spectroscopy market, valued at approximately US$6.2 billion in 2022, is poised for substantial expansion, projected to reach a remarkable US$9.6 billion by the end of 2030. A comprehensive market analysis by Fairfield Market Research reveals key trends, growth determinants, and challenges shaping the future of this dynamic industry. Key Trends Fueling Market Growth Growing Food Safety Concerns: The increasing demand for accurate elemental analysis in the food industry is driving the growth of atomic spectroscopy. Techniques like ICP-MS and ICP-OES play a crucial role in detecting contaminants and heavy metals, ensuring food safety, and compliance with stringent regulations. Expanding Applications: Atomic spectroscopy is finding applications in various sectors, including...

Body Armor Market Size Worth US$2.9 Billion in 2022, Surging to US$4.6 Billion by 2030

Press Release
The global body armor market has witnessed remarkable growth in recent years and is poised for continued expansion in the coming decade. According to a report by Fairfield Market Research, the market, which was worth approximately US$2.9 billion in 2022, is projected to reach a staggering US$4.6 billion by 2030, with a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. Key Growth Drivers: Increasing Security Concerns Worldwide: Rising instances of armed conflicts, terrorism, and violent crimes have fueled the demand for enhanced personal protection. Law enforcement agencies, military forces, and civilians are seeking effective protection against these threats, driving the growth of the body armor market. Advances in Technology: Ongoing research and development efforts have res...

Automotive Remote Diagnostics Market (Latest Report) is Expected to Experience Significant Growth By 2030

Press Release
The global automotive remote diagnostics market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 16.5%. This upward trajectory is foreseen to lead to a significant surge in market value, ascending from US$12.4 billion in 2023 to attain US$36.1 billion by the culmination of 2030. Market Overview: The Automotive Remote Diagnostics Market is witnessing unprecedented growth, driven by the integration of advanced technologies in the automotive sector. Remote diagnostics play a pivotal role in monitoring vehicle health, providing real-time insights, and enabling proactive maintenance. This report explores the market landscape, growth factors, and the driving forces shaping the evolution of the Automotive Remote Diagnostics Market. Market Growth Factors & Dynamics: Severa...

Salt Market Size, Landscape, Industry Analysis, Business Outlook, Current and Future Growth By 2033

Press Release
Market Overview: The global salt market is poised for rapid expansion, with a projected Compound Annual Growth Rate (CAGR) of 3.9%. Anticipated to surge from a valuation of US$23.34 billion in 2023 to US$32.41 billion by 2033, key players include China, Japan, the United States, India, Indonesia, Germany, and France. These nations are expected to maintain their lead in salt consumption over the coming years. Despite a historical CAGR of 2.9% in global salt consumption from 2018 to 2022, the market is forecasted to accelerate its growth in the upcoming years. Salt, a naturally occurring mineral, boasts a longstanding history of applications, from road de-icing to food seasoning and water softening. Its pivotal role in preserving the shelf life of food and beverages, coupled with its afford...

Cloud Gaming Market Surges with Innovation, Accessibility, and Immersive Experiences

Press Release
Market Overview: Cloud gaming, also known as gaming-as-a-service, leverages cloud computing technology to allow users to play video games without the need for high-end gaming hardware. This innovative approach has gained traction due to its convenience, accessibility, and the potential to bring high-quality gaming experiences to a broader audience. Market Size and Growth Trends: The Cloud Gaming market has experienced substantial growth in recent years, driven by factors such as improved internet infrastructure, the proliferation of smartphones, and a shift towards subscription-based gaming models. The global cloud gaming market reached a market value of US$ 721.9 Million at the end of 2021 and is estimated to bloat to US$ 42.35 Billion by 2032, surging at a CAGR of 41.7% over the decade,...

Global Baby Wipes Market: Growth Projections, Key Players and Emerging Trends, 2032

Press Release
The global baby wipes market is anticipated to experience a 5.7% compound annual growth rate (CAGR), reaching a valuation of US$ 9.9 billion by the year 2032, marking a significant increase from its 2021 valuation of US$ 5.4 billion. Presently, baby wipes constitute a 6%-8% share of the global baby care market. The period from 2017 to 2021 witnessed a substantial rise in the utilization of baby wipes, with notable contributions from key markets such as the U.S., China, Germany, and the U.K. The increasing awareness among parents regarding sanitation and safety is poised to drive the demand for Baby Wipes Market in the foreseeable future. Given that germs and bacteria are major carriers of illnesses, parents are becoming more conscious of the need for hygiene, contributing to a surge in th...

Hemodynamic Monitoring Systems Market: Global Analysis, Trends and Future Outlook, 2033

Press Release
The hemodynamic monitoring systems market is anticipated to witness substantial growth, projecting a global revenue of US$ 2.5 billion by the conclusion of 2033, reflecting a Compound Annual Growth Rate (CAGR) of 5.4%. In 2022, the market generated US$ 1.47 billion in revenue. According to a comprehensive evaluation by Persistence Market Research, non-invasive Hemodynamic Monitoring Market systems dominated the market with a substantial 53.0% share in 2022. These systems contribute approximately 3.6% to the overall revenue of the global patient monitoring devices market, which recorded a valuation of approximately US$ 41.1 billion in 2022. Market Growth Factors & Dynamics: Increasing Incidence of Cardiovascular Diseases: The rising prevalence of cardiovascular diseases worldwide is a ...