Author: Cloud PR Wire

The global Interventional Image-Guided Systems Market is experiencing rapid growth, with a market size of USD 4295.5 million in 2021 and a projected Compound Annual Growth Rate (CAGR) of 5.9 percent during the forecast period. Key drivers include a growing preference for less invasive surgeries, a rising aging population, and remarkable technological advancements in imaging equipment. Key Drivers of Growth The Interventional Image-Guided Systems Market is witnessing substantial growth due to several factors: Inclination Towards Less Invasive Surgeries: The trend towards minimally invasive procedures is driving demand for interventional image-guided systems. These techniques lead to fewer postoperative complications and reduced healthcare costs. Rise in Chronic Diseases: The prevalence of...

Phyto-proteins to Play Vital Role in Driving Market Expansion In the wake of crossing a valuation of over US $5 billion in 2020, the global functional proteins market is on the cusp of remarkable growth in the coming years. One of the key drivers of this expansion is the rising popularity of phyto-proteins, emerging as preferred alternative protein sources. This surge in demand is primarily attributed to the increasing trend of consumer preference for plant-based protein options, which has gained significant momentum over the last decade. This shift is closely intertwined with the growing embrace of veganism, which has not only impacted the food and beverage industry but also found its footing in the realm of functional foods. For More Industry Insights Read: https://www.fairfieldmarketre...

The global corundum market, valued at USD 2.2 billion in 2021, is set to experience a steady growth trajectory with a Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period. Corundum, a naturally occurring mineral composed of aluminum oxide crystals, holds a significant place in various industries due to its unique properties and versatile applications. Characteristics and Uses of Corundum Corundum is recognized for its hardness and durability, second only to diamond. It forms the basis of gemstones like sapphires and rubies, contributing to the jewelry and precious stones industry. Corundums applications extend beyond gemstones: Industrial Abrasives: Corundums hardness makes it ideal for abrasives used in sandpaper, grinding tools, and other industrial applications. Elect...

The global digital isolator market has witnessed remarkable growth, with a market size of USD 1,729.4 million in 2021 and a projected Compound Annual Growth Rate (CAGR) of 8.6 percent during the forecast period. The markets growth is driven by the increasing trend of replacing conventional optocouplers with digital isolators, the growing demand for noise-free electronics, and the rising popularity of digital isolators in industrial applications. Key Drivers of Growth The digital isolator market is experiencing rapid expansion due to several key factors: Shift from Optocouplers to Digital Isolators: The replacement of conventional optocouplers with digital isolators is a significant driver for market growth. Digital isolators offer better performance in terms of propagation delays, data r...

The worldwide cryogenic insulation market is set for substantial growth, having reached a valuation of USD 2.3 billion in 2021, and projected to experience a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period. The demand for cryogenic insulation is being fueled by the increasing need for liquefied gases from various industries, including transportation and storage, power generation, automobiles, and even space exploration. Key Drivers of Growth The cryogenic insulation market is being driven by several key factors: Growing Demand for LPG/LNG: The demand for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) from industries such as transportation, storage, power generation, and the automotive sector is propelling the growth of the cryogenic insulation market....

The global Rose Extract Market is witnessing remarkable growth, driven by the increasing demand for organic food and cosmetics, the rising awareness of health benefits, and the expanding food and beverage industries. The market size for rose extract was valued at USD 379.2 million in 2021 and is projected to grow at a CAGR of 5.8 percent during the forecast period. Health Benefits and Diverse Applications Fuel Growth Rose extract finds widespread use in the food and beverage industry as a thickening agent, stabilizer, and additive, among other functions. It offers better stability than its liquid form despite its poor solubility properties. The growing demand for organic food and cosmetics, coupled with an increase in skin conditions and allergies, is creating opportunities for companies ...

The global caustic soda market, valued at USD 45.4 billion in 2021, is poised for growth with a projected Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period. Caustic soda, a crucial component in various industries such as pulp and paper, chemicals, alumina, soaps and detergents, and textiles, is witnessing expanding end-use sectors that are directly driving market expansion. Market Insights Dominant Role in Inorganic Chemicals: Over 40% of all inorganic chemicals incorporate caustic soda in their processes. This versatile compounds applications across industries such as pulp and paper, chemicals, alumina, and textiles contribute significantly to its market growth. End-Use Industry Expansion: The growth of end-use industries like pulp, paper, and textiles is expected to...

Autonomous Vehicle Technology to Illuminate the Laser Diode Market Having achieved a valuation of approximately US $9 billion in 2021, the global laser diode market is poised for a bright future in the years ahead. The ascension and expansion of autonomous vehicle technology are expected to be significant drivers propelling the markets growth. For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/laser-diode-market Autonomous Vehicles as Catalysts for Growth The burgeoning demand for laser diodes in the manufacturing of autonomous vehicles, specifically for radar and LiDAR (Light Detection and Ranging) systems, is a pivotal factor behind the markets expansion. These LiDAR systems, crucial for autonomous vehicles navigating without human intervention, continually...

The global chlorine compressors market, with a value of USD 54.2 million in 2021, is on a trajectory of consistent growth, projected to experience a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period. The markets expansion is primarily attributed to the increasing use of chlorine in various industries such as chemicals, water & wastewater treatment, oil & gas, and petrochemicals, driving the demand for chlorine compressors. Driving Factors Chlorine Manufacturing and Industrial Applications: The large-scale use of chlorine compressors in chlorine manufacturing plants and its application in diverse industries fuel the markets growth. The significant use of chlorine in organic and inorganic chemicals is a primary driver. Rise in Chemical Industry: The chemical ind...

The maritime industry is on the brink of a transformative journey as the Connected Ship Market gains momentum, promising revolutionary advancements in ship operations, safety, and efficiency. This rapidly evolving sector is set to redefine the way vessels navigate the oceans, leveraging cutting-edge technology to create a safer, smarter, and more interconnected maritime ecosystem. The concept of the Connected Ship has captured the maritime worlds attention, ushering in a new era of digitalization and automation. With the integration of Internet of Things (IoT) technologies, artificial intelligence, and real-time data analytics, ships are evolving into sophisticated platforms that offer enhanced navigation, predictive maintenance, fuel efficiency optimization, and improved crew welfare. Th...