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The global spirometer market accounted for $1,079.51 million in 2019, and is expected to reach $1,471.59 million by 2027, registering a CAGR of 3.5% from 2020 to 2027. The spirometer device helps in the identification of different respiratory diseases, such as chronic lung disease that is obstructive, emphysema, asthma, and other breathing diseases, for screening in an occupational environment. Th...

Battery swapping is a process in which a drained electric vehicle battery is exchanged for a fully charged battery at a battery swapping station. These stations act as battery aggregators that provide the infrastructure where a number of batteries are kept in charging and charged batteries are made available to electric vehicle drivers. Customers or drivers can simply exchange the discharged batte...

Automotive telematics is a communication technology designed for the automobile industry and is based on the data transmitted and generated from automobiles through wireless networks. It is the amalgamation of location technology, in-vehicle electronics, and wireless communications, leading the automobile industry into hi-tech transformation. Data is either produced in the vehicle and gets transmi...

The global drug-eluting stents market was valued at $6,382 million in 2019, and is projected to reach $8,777 million by 2027, registering a CAGR of 8.7% from 2020 to 2027. Drug-eluting stents (DES) are small cylindrical stents that aid in improving blood flow through arteries to heart by minimizing blockages. They are usually used in the treatment of percutaneous coronary intervention or coronary...

The global organic dyes market was valued at $3.3 billion in 2019, and is projected to reach $5.1 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027. Dye is basically a color substance which is used to color various products. Dyeing Product Type involves dissolving the colorant into a suitable solution and bringing it in contact with the substance to be dyed. Some of the major applicati...

As technology progresses, transportation management systems are expected to become one of the most helpful transportation solutions in the supply chain management. Transportation management system (TMS) is a platform designed to streamline the transportation process, a subpart of the supply chain. It deals with monitoring, organizing, managing, and handling any matter related to the transportation...

The global envelope tracking chips market size was valued at $1.57 billion in 2019, and is projected to reach $3.15 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027. Envelope Tracking is a power supply technique that is used to adjust the converter voltage in order to improve the efficiency of a power amplifier, which is used in wireless systems. In envelope tracking technique RF signa...

Application transformation is a term that comprises process of reducing the number of applications in an organization as well as moving applications to the cloud. It ensures that the apps meet updated governance and compliance requirements. The products and services associated with the application transformation are mainly aimed at helping the IT departments to tackle rise in use of social media a...

The global hydrogen energy storage market was valued at $15.4 billion in 2019, and is projected to reach $25.4 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027. Hydrogen energy storage is the process to store the excess amount of energy through electrolysis. In this process, the hydrogen is separated from chemical solution. The hydrogen energy is stored in three form; liquid, solid, a...

The global smart mining market size is expected to reach $23,465.8 million in 2027, from $9,265.7 million in 2019, growing at a CAGR of 16.3% from 2020 to 2027. Smart mining is a process of extracting minerals, resources, and metals utilizing a varied range of technology and planning solutions. It contains IT planning and logistics, detection of poisonous gases, extraction, and remote communicatio...

The global wavelength division multiplexer market was valued at $3.65 billion in 2019, and is projected to reach $5.61 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027. The fiber optics communications technology, which multiplexes multiple optical carrier signals onto a single optical fiber by using different colors or wavelengths of lights is known as wireless division multiplexer (W...

The global syngas market was valued at $43.6 billion in 2019, and is projected to reach $66.5 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. Syngas, or synthesis gas, is a carbon monoxide, hydrogen, carbon dioxide, and trace gas natural gas mixture. It is formed when it is exposed to heat, air, and water in a closed space by gasifying carbon-containing fuels such as coal. It can be...

The Asia-Pacific ophthalmic diagnostic devices market was valued at $1,553.80 million in 2019 and is projected to reach $2,182.83 million by 2027, registering a CAGR of 4.3% from 2020 to 2027. Ophthalmic diagnostic devices are used for detection of eye-related diseases such as refractive error, cataract, glaucoma, and diabetic retinopathy. These devices are of utmost importance to provide proper ...

The global gloves market is accounted to be at value $48,011.33 in 2017 and expected to reach $1,18,508.55 million by 2025, registering a CAGR of 8.6% during 2021-2025. Gloves are a type of personal protective equipment (PPE) which is designed to protect staff from microbial contamination, or from contact with certain chemicals, and cross-transmission from healthcare associated infections. In add...

The global rapid acting insulin market was valued at $7,100 million in 2019, and is projected to reach $8,925 million by 2027 at a CAGR of 4.1% from 2020 to 2027. Rapid acting insulin are insulin analogs that have the fastest onset of action than other analogues of insulin These types of insulin analogs enter into the bloodstream within few minutes; hence, it is necessary to inject it after befo...

The global actuators & valves market size was valued at $101.14 billion in 2019, and is projected to reach $149.31 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027. Actuator is a component that enables physical movements by converting any king of energy into mechanical force. Some of the common examples of actuators are jackscrews, stepper motors, electric motors, and electric muscula...

Digital transformation is a method of using digital technology for changing current business approaches into more advance and technologically driven business approaches for increasing customer satisfaction and to enhance revenue opportunities. In addition to this, various banks, fintech and insurance companies are adopting digital banking platform for increasing transparency among the enterprises ...

Home insurance is an insurance that provides financial protection to an individual against losses and damages to an individual's residence, along with furnishings and other assets at home. Homeowners insurance also provides liability coverage against accidents at home or on the property. It is a package policy, which means that it covers both damage to property and liability, or legal responsibili...

The global industrial controls market size was valued at $121.48 billion in 2019, and is projected to reach $170.12 billion by 2027, registering a CAGR of 5.91%. Industrial controls is a collective term used to define various kinds of control systems and associated instrumentation, which includes the devices, networks, systems, and controls used to operate and automate industrial processes. Indust...

The global smart thermostat market was valued at $1.86 billion in 2019, and is projected to reach $11.36 billion by 2027, registering a CAGR of 28.00% from 2020 to 2027. Smart thermostat is the latest technology used for home heating. The device provides the user remote access for heat switching via internet. So, the user can use smartphones to turn on or turn off the heating from far distances. ...

Note sorter is the coin and note computing equipment that is widely used among the banks and financial institutions for counting and sorting of money. It includes ultraviolet and magnetic sensors that allow banks to detect counterfeit bill and improve the performance. Note sorter machine is widely used among the banks and fintech institutes where large volume of cash handling is done. In addition,...

The portable air conditioner market size was valued at $613.6 million in 2019, and is estimated to reach $945.4 million by 2027, registering a CAGR of 4.5% from 2021 to 2027. A portable air conditioner is a self-contained unit, similar to a window air conditioner. It is typically designed with wheels to allow it to be moved. Water condensed from the portable air conditioner may be collected in a ...

The U.S. video surveillance market was valued at $8.29 billion in 2019, and is projected to reach $23.60 billion by 2027, registering a CAGR of 13.9% from 2020 to 2027. Digital video surveillance systems can be used for any environment. This is attributed to the fact that increase in adoption of advanced surveillance by the government sector has led manufacturers have to cater to the demand for op...

The global chlorine dioxide market was valued at $857.8 million in 2019, and is projected to reach $1,265.5 million by 2027, growing at a CAGR of 5.0% from 2020 to 2027. Chlorine dioxide is a chemical compound that exists as bright orange crystals below −59 °C. It is an oxidizing agent, able to transfer oxygen to a variety of substrates, while gaining one or more electrons via oxidation-reduct...

Third-party logistics (3PL) in a company’s supply chain management is a third-party business used by manufacturers to provide fulfillment services and distribute the company’s products. These services consist of warehousing, integrated operations, and transportation services, which can be scaled according to customer needs and market conditions. Logistics service providers are responsible for ...

The global structural health monitoring market was valued at $1,674.0 million in 2019 and is projected to reach $3,815.1 million by 2027, registering a CAGR of 14.5% from 2020 to 2027. Structural health monitoring (SHM) refers to collection and analysis of data derived through a wide array of connected sensors during the service life of a structure or equipment. It is a non-destructive and continu...

5G communication technology is characterized by extraordinary speeds, low latency, and greater transmission density, which is fit to justify the requirements of several military applications. In the defense sector, the superior characteristics of 5G networks are expected to provide new opportunities for military units undertaking defense operations to make better decisions in risky setups. It will...

The global security screening market was valued at $8.35 billion in 2019, and is projected to reach $19.18 billion by 2027, registering a CAGR of 10.2% from 2020 to 2027. Security screening devices are used for security and safety purpose such as metal detectors and explosive detectors. Increasing terrorism and fraudulent activities coupled with stringent government norms have led to rise in the g...

A taxi, also known as a cab, is a type of vehicle for hire with driver used by a single passenger or small group of passengers, often for a shared or non-shared ride. A taxi or a cab conveys passengers between locations of their choice. This differs from public transport, as here the pick-up and drop-off locations are decided by the customer, and not by the service provider. There are various dist...

BFSI security involves a set of technologies such as artificial intelligence, cloud computing, machine learning, and big data. In addition, the BFSI sector consists of a group of companies that are dealing in core financing products & services. Furthermore, BFSI security solution & services help to prevent unauthorized access by hackers, safeguard networks, and reduce risk of potential malware. Ri...