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The global disposable gloves market was valued at $6,858.07 million in 2019, and is expected to reach $18,885.88 million by 2027 at a CAGR of 13.1% during the forecast period. Disposable gloves are primarily used in healthcare and food industries, as a protection measure to avoid cross infection between caregivers and patients. Over a period a time, various variants of disposable gloves have bee...

The global smart sensor market was valued at $89.9 billion in 2019, and is projected to reach $212.9 billion by 2027, registering a CAGR of 11.1% from 2020 to 2027. The compound semiconductors market holds a substantial scope for growth in the global market. Currently, it is in its growing stage; however, its contribution to the global market is expected to witness significant growth within the ne...

Wearable payment technology facilitates transactions with the use of various wearable devices such as smart watches, rings, wristbands, and fitness bands. In addition, different companies have introduced new wearable devices, which connect the customers with their bank account. Furthermore, shift in preference toward wearable payments among various industries to increase the convenience of custome...

The global low voltage circuit breaker market was valued at $3.4 billion in 2019, and is projected to reach $4.4 billion by 2027, growing at a CAGR of 4.9% from 2020 to 2027. A circuit breaker is a programmed automatic electric switch, which is utilized to protect an electrical circuit from damage by excess current. The basic function of circuit breaker is to stop the flow of current after a fault...

Workforce management is a set of processes that help an organization to manage their engaged workforce efficiently. Workforce management software or applications include a set of features that vary depending upon the client requirements; some features include accurate timesheet process, hassle-free compliance, end-to-end accounting, timely auto-generated invoices, employee engagement solutions, fi...

Location-based Services Market Statistics: 2027 The location-based services market size was valued at $28.95 billion in 2019, and is projected to reach $183.81 billion by 2027, growing at a CAGR of 26.3% from 2020 to 2027. Advent of digitalization boosts the need for location-based services (LBS), owing to its capability to offer customized marketing strategy solutions, which, in turn, creates ne...

Extended warranty or service contract is an insurance policy that replicates and extends the warranty period of consumer durable goods by a specified period. It covers the cost of replacement, repair, breaking down of the product, and undertakes other coverages as per terms specified in extended warranty plans. Moreover, extended warranty can be offered by retailers, manufacturers, and other warra...

Streaming Analytics Market Statistics: 2027 Streaming analytics complements traditional analytics by providing real-time insight to the decision-making toolbox. It is also known as event stream processing, which automatically processes & analyzes large scale real-time information and in-motion data called, event streams. The streams encompass events that occur as the result of an action or set of...

The global water pipeline leak detection systems market size is expected to reach $2,349.6 million in 2027, from $1,748.6 million in 2019, growing at a CAGR of 6.8% from 2020 to 2027. Water transmission industry is highly affected by occurrence of leaks owing to formation of cracks, holes, corrosion, and other damages to the pipe. Water pipeline leak detection systems are utilized to determine the...

Aerogel is a mesoporous solid foam, which is derived by replacement of the liquid component of the gel with a gas, and is composed of an interconnected nanostructure network with minimum 50% porosity. Though solid, it is extremely porous, lightweight, and possesses low thermal conductivity, making it an ideal insulation material. Aerogel sponge can be recycled after use, thereby signifying its eco...

The global peripheral artery disease market accounted for $3,524.77 million in 2019, and is expected to reach $5,715.12 million by 2027, registering a CAGR of 8.5% from 2020 to 2027. Peripheral artery disease (PAD) is a disease of blood vessels located outside the brain and heart. PAD occurs when plaque builds up in arteries that carry blood to the head, organs, and limbs. Plaque is made of fat, ...

The concrete pumps market was valued at $3,800.0 million in 2019, and is projected to reach $4,853.2 million by 2027, registering a CAGR of 4.0% from 2020 to 2027. A concrete pump is an equipment utilized for transferring the liquid concrete by pumping operation through pipelines over considerable distances. Its types include truck-mounted, trailer-mounted, stationary, and specialized concrete pum...

Battery management system can be defined as an electronic system, which is used to manage pack of rechargeable batteries by monitoring state, calculating secondary data, protecting the battery, and controlling the battery environment. In addition, almost all batteries can be damaged by excessive heat, overcharging, or improper usage. Thus, battery management systems are essential for monitoring an...

The 48V system range is effective, regardless of capping voltages below a 60V cut-off, as they meet Safety-Extra Low-Voltage (SELV) requirements. 48V can distribute power to commercial EV components, minimizing copper losses without causing unsafe SELV issues. 48-volt battery and system supply power to the hybrid motor and super-charger to launch the vehicle faster and smoother, eliminating turbo...

The global waste management market was valued at $2,080.0 billion in 2019, and is expected to reach $2,339.8 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027. Waste management is the collection, transportation & disposable of garbage, sewage, and other waste products. It involves treating solid waste and disposing unwanted products and substances in a safe and efficient manner. Waste ...

Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads. . The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and...

The global industrial sewing machines market size is expected to reach $3,964.2 million in 2027 from $3,163.4 million in 2019, growing at a CAGR of 5.3% from 2020 to 2027. Industrial sewing machines are utilized for the manufacturing of ready-made apparels and non-apparel products such as automobile covers, upholstery, and furniture. Industrial sewing machines are specifically designed for applica...

The global super absorbent polymer market was valued at $7.6 billion in 2019, and is projected to reach $10.8 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027. Super absorbent polymer (SAP) is cross-linked polymer, which is insoluble in water. Its fundamental feature is its capacity to absorb liquid and keep them trapped or store, even under extreme pressure. SAP is different from spo...

Dialysis is a technique used to remove waste products such as urea and creatinine from blood, which occurs from inappropriate functioning of kidneys. The procedure is vital during the treatment of end-stage renal disease (ESRD) and chronic kidney disease (CKD). Dialysis can be performed in two ways, namely; hemodialysis and peritoneal dialysis. In hemodialysis (HD), a filter is used to remove the ...

The global patient monitoring devices market was $25,768.56 million in 2019, and is projected to reach $44,861.56 million by 2027 at a CAGR of 4.4% from 2020 to 2027. Patient monitoring devices are used to observe vital signs such as respiration and heart rate of patients. With advancements in wireless technology, these devices can be used remotely to monitor physiological parameters of patients. ...

Green tea is derived from the leaves of Camellia Sinensis that are not withered and oxidized. Although this tea originated in China, the market is gaining traction worldwide, owing to high polyphenol and antioxidant content. In addition, green tea is the least processed form of tea available in the market, and has been associated with a number of health benefits such as it improves digestion, boos...

The global chronic hemodialysis catheter market was valued at $354 million in 2019, and is projected to reach $446 million by 2027, registering a CAGR of 3.7% from 2020 to 2027. Hemodialysis is a process of blood filtration for a person suffering from kidney failure. It is carried out by connecting a dialysis machine to a patient using a catheter as a linking point. Catheter includes two types o...

The global mechanical ventilator market was valued at $2.94 billion in 2019 and is estimated to reach $12.54 billion by 2027 at a CAGR of 16.5% from 2020 to 2027. Mechanical ventilation is a lifesaving intervention for patients with respiratory disorders or respiratory failure. It is a form of breathing assistance in which a patient is connected to a machine through an endotracheal tube directly a...

The global dry type transformer market was valued at $5.4 billion in 2019, and is projected to reach $7.3 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. Dry type transformer is a type of transformer that is designed on a comparatively modern technology that uses natural or forced air cooling instead of oil. Unlike liquid fill transformers that require oil or liquid to cool, dry type...

The North America shotcrete equipment market size was valued at $612.4 million in 2019, and is anticipated to generate $785.1 million by 2027. The market is projected to experience growth at a CAGR of 4.9% from 2020 to 2027. Shotcrete is a process of spraying concrete mixture, which is pneumatically projected with high velocity over a substrate like walls, rocks, overheads, or vertical structures ...

The global epoxy composite market size was valued at $16.4 billion in 2019, and is projected to reach $24.2 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027. Epoxy is a common resin used to create composite materials in thermosets. Epoxy resins are used in a wide variety of components, structures, and concrete repair composites. Major advantages of using epoxy include the ability to ad...

Reconciliation is a process which is used by accounting professionals for comparing the set of two records for checking the monthly statements of an individual. The reconciliation software helps enterprises improve the quality and accuracy of their accounting process and also reduces errors and inaccuracies. Furthermore, it also provide organizations with a complete control over the automation pro...

The global operating room integration market size was valued at $1.77 Billion in 2019, which is projected to reach $4.19 Billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027. Operating room integration (ORI) is designed to streamline the operating room by consolidating data, providing access to audio & video and controls for all devices at central command station, and allowing the surgeon...

The global mining equipment market size was valued at $121,694.3 million in 2019, and is expected to reach $165,827.8 million by 2027, growing at a CAGR of 5.7% from 2020 to 2027. Mining equipment is used for extraction of coal, minerals, and metals from earth. Mining is an important sector of the world economy and the main products extracted during mining include petroleum, coal, natural gas, and...

Travel insurance is an insurance product, which is designed to cover unforeseeable events incurred while travelling, either internationally or domestically. Generally, it provides coverages for emergency medical expenses, trip cancellation, flight delays, lost luggage, public liability, and other expenses to minimize the risks during travel. In addition, depending on coverages, travel insurance pr...