Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Breast Pumps is forecast to reach US$1.3 billion by 2024 , driven by rise in the rate of female workforce, growing awareness regarding benefits of breastfeeding, encouragement from governments to breastfeed babies, and technological advancements. One of the chief growth drivers for the global market for breast pumps is the growing preference among mothers across the world, to breastfeed their infants. Working women constitute the major buyer segment for breast pumps worldwide. Working women feel the pressure to resume work soon after delivering the child and are on the constant lookout for products that allow them to feed their infants’ breast milk, even in their absence and also to easily balance their work life and personal life priorities. In most countries, the inadequate leave period for nursing mothers is also a factor behind increasing sales of breast pumps. Continuous encouragement from governments to exclusively breast feed children up to the age of 6 ...

The global market for Cooling Towers is projected to reach US$5.1 billion by 2024 , driven by technology innovations aimed at water conservation; stringent energy efficiency norms that necessitate adoption of better heat transfer practices in industrial plants; and recovery in industrial activities in sectors such as power generation, manufacturing, mining, and food processing. Process heat management is a crucial aspect of industrial manufacturing, production and also energy generation activities. All manufacturing plants and utilities utilize steam, hot water, and other heat systems in production. From plastics manufacturing, rubber molding, chemical plants, food production to energy generation and everything else in between, activities such as fluid heating, calcining, drying, heat treating, metal heating, metal and non-metal melting, smelting, agglomeration, curing and forming etc., are commonplace and require generation of heat. Effective temperature control is therefore vit...

The global market for Carpets and Rugs is projected to exceed US$41 billion by 2024 , driven by new technologies aimed at improving durability and aesthetics; healthy demand from the commercial sector, and increasing demand for premium carpets. Man’s incessant desire to decorate his place of inhabitance led to discovery of variety of household things that adorn dwellings and offer comfort. Carpets are one of those several things discovered that offer aesthetic as well as functional benefits to the floor. Comfort while walking or sitting is a major feature in terms of carpet flooring. Modern carpets offer higher levels of comfort as compared to the old ones. Memory foam is the new option for carpet flooring and prevents moisture. Carpets come in various classic and traditional patterns and colors with modern soft surface flooring offering multiple styles and patterns. While demand for carpets has been adversely impacted by the growing interest in hard-surface flooring, sales of ar...

Global Clinical Laboratory Services market is projected to reach US$127 billion by 2024 , driven by increasing geriatric population, and the shift in healthcare delivery to preventive healthcare. Clinical Laboratory Services represent a vital component in the healthcare system. Tests carried out at these labs form the basis of diagnosis and medical decision for physicians across the globe. Clinical lab test repertoire includes a wide range of tests from most simple to complex ones, including routine urine and blood tests, molecular expression testing, and high-end genetic analysis, which help assess risk of developing a disease, its presence and progress. Several factors including aging population, increasing patient awareness of disease diagnosis, rising incidence of chronic conditions due to changing lifestyles, and advancements in the area of proteomics and genomics, are driving growing in the market. Technological advancements in terms of novel test areas such as novel genetic t...

The global market for Textile Dyes is forecast to reach US$9.6 billion by 2024 , driven by the growing demand for organic dyes and pigments against the backdrop of the comeback of bold colors in fashion, strong preference for sustainable textiles and clothing and the ensuing replacement of dyes with pigments. Textiles dyes, the coloring substances for textile materials, form one of the core input materials for the textiles industry. Segregated into synthetic and natural products, textile dyes are used in the textile dyeing process to add colors to fabrics, fibers, silk yarns and wool. Considered one of the oldest chemical businesses, textile dyes have traversed a long way to emerge as a specialty chemical business.  Demand for new dyes across various categories including Acid Dyes, Basic Dyes, Direct Dyes, Disperse Dyes, Reactive Dyes, Sulfur Dyes, and Vat Dyes, is on the rise in accordance with growing preference for enhanced performance. While environmental concerns continu...

The global market for Outdoor Power Equipment is forecast to exceed 145 million units by 2024 , driven by rising importance of lawn, gardening and landscaping activities in residential, commercial and public locations, healthy momentum in construction spending, and wider availability of advanced equipment in durable, cordless, and eco-friendly designs. Outdoor Power Equipment (OPE) includes tools designed for outdoor activity such as garden cleaning, lawn mowing, and wood cutting & trimming among others. Demand for outdoor power equipment is primarily driven by the popularity of outdoor activities. At the same time, new home ownership rates, employment levels, and consumer confidence levels influence the sales momentum. Growing importance of gardening as a recreational activity, zeal to develop gardens in homes, as well as the desire to enhance aesthetics through beautiful and properly maintained lawns and gardens continue to drive the purchase of new outdoor appliances. ...

The global market for Contact Lenses and Solutions is projected to reach US$15.0 billion by 2024 , driven by strong growth in specialty lens segment; advancements in material science and introduction of lenses with improved functionality; and rising incidence of refractive errors worldwide. Contact lenses are primarily used for correcting refractive errors and are sometimes considered to offer better vision quality than spectacles. Nevertheless, vanity continues to be the major motivating factor driving contact lens use. Market penetration of contact lenses is expected to increase across the world driven by increased research and development efforts and new product innovations, which would continue to expand potential wearer base of contact lens. Another factor supporting growth is the emergence and expansion of younger customer groups.  Countries are expected to demonstrate steady growth, with growing demand for multifocals and torics, migration to silicone hydrogel lenses,...

The global Web-to-Print market is forecast to reach US$1.3 billion by 2022 , driven by the importance of e-commerce business enablement for survival in the printing industry which is ravaged by the impact of the Internet and digital technologies. The emergence of the Internet has had both positive and negative impact on the printing industry. While declining print volumes was the most notable impact on the industry as a result of increased migration to online marketing and digital content, the industry also witnessed cost reductions and operational efficiencies as a result of e-procurement and execution of print jobs. Utilization of the Internet for print quotation management, online ordering & order queue management, customization of print projects and enabling self-service engagement with print customers, has pushed the printing industry into a new era of technological excellence. Companies, publishers, direct mail providers among others are on the lookout for a simplified ...

The global market for TETRA Terminals is projected to reach 1.0 million units by 2022 , driven by growing importance of mobile radio communication in emergency, public safety, hazardous and heavy industry applications. Terrestrial Trunked Radio (TETRA), defined as an open digital radio standard for critical communications, has become the well-established technology platform over the years. Developed and standardized by the European Telecommunications Standards Institute (ETSI) in the year 1995, TETRA is widely used in diverse applications beyond military and defense such as fire departments, paramedics, law enforcement, transportation services, utilities, and several other public emergency services. Over the last two decades, TETRA has gained prominence as a secure and reliable professional mobile radio communications technology for public safety agencies and other mission critical users, as a result of which TETRA accounts for almost one-fourth of the global digital private mobi...

The global market for Mobile Messaging Apps is projected to reach 2.3 billion users by 2024 , driven by the growing adoption of these apps by businesses for business collaboration and customer support services against a backdrop where there is increased focus shed on leveraging digital technologies to enhance customers’ participation and create highly connected and fluid customers. The global mobile communication landscape is experiencing the rapid proliferation of mobile messaging apps, which offer the highest level of convenience and user experience in text-based communication. Growing sales of smartphones and tablet PCs and their ever-expanding role in media and communications in daily life are continuing to fuel adoption of messaging apps. Also, the need for ‘social connectedness’ is encouraging a spurt in peer-to-peer (P2P) communication through innovative Internet-centric platforms, which in turn is benefitting market prospects for messaging apps. Declining prices of smartp...

The global market for Commercial and Military Flight Simulation is projected to reach US$13.7 billion by 2024 , driven by increasing demand for civil aviation pilots, innovations in simulators technology, new aircraft platforms and modernization leading to emerging opportunities in training services, rising global security concerns giving rise to advanced military flight simulators, and regulatory safety compliance propelling demand for flight simulators. Flight simulation has over the years evolved into an integral part of pilot training programs in the aviation industry. Inching its way upwards, flight simulation has treaded a long path, playing a major role in both civil as well as military & defense flight training. Dearth of skilled and trained pilots in the aviation industry has been seen over the last few years that bring to the fore, the importance of flight simulation, which can help impart quality training to trainee pilots and prepare them for employment in aviatio...

The global market for Advanced Ceramics is projected to reach US$93.3 billion by 2024 , driven by factors such as advancements in material technology, increasing use in established applications, and opportunities stemming from an emerging application markets such as internet of things (IoT), Artificial Intelligence, robotics, and Industry 4.0. Advanced ceramics, also termed as engineering ceramics, industrial ceramics, or technical ceramics, are high-performance ceramics featuring superior biochemical, electrical, mechanical and thermal properties. These properties continue to drive widespread application of advanced ceramics in industries such as automotive, defense, medicine, environmental protection, aerospace, and fiber-optic communications. Global advanced ceramics market continues to witness growth in both traditional and new application areas. Opportunities would be guided by technological advancements and innovations, which enable the materials to compete efficiently wit...