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The global renewable methanol market was valued at $3.3 billion in 2019, and is projected to reach $5.3 billion by 2027, registering a CAGR of 5.8%. Renewable methanol is a second-generation methanol derived from renewable energy sources, mainly from biomass and industrial wastage. Stringent environmental regulations to reduce the impact of carbon dioxide fuels the demand for renewable methanol in...

The global hand tools market was valued at $22,200.0 million in 2019, and is projected to reach $30,381.0 million by 2027, registering a CAGR of 4.1% from 2020 to 2027. The hand tools are tools that usually do not use electricity and do not need any motor to operate. The hand tools include hammers, screwdrivers, wrenches, cutters, saw, knives, scissors, clamps, and others. These tools are basic ne...

The global biocides market was valued at $12.7 billion in 2019, and is projected to reach $20.7 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027. The effects of biocides are based on its chemical properties, size & characteristics of the organism, biocide concentration, treatment/application process, contact time, and water quality. Biocides are substances or mixtures consisting one o...

Hadoop is an Apache open source framework programmed in Java. It allows distributed processing of large datasets widely known as big data across clusters of computers using simple programming models. The Hadoop framework application operates in an environment that provides distributed storage and computation across clusters of computers. Hadoop is designed to scale up from single server to thousan...

Supply chain management (SCM) software facilitates the activities of the entire supply chain. The software is used in supply chain transactions and helps to manage supplier relationships and business processes. In addition, it provides accurate information and an end to end view of supply chain processes. It integrates the organization and supply chain together into a single system, and helps end ...

Outdoor LED displays are big hoardings used to display live advertisements, images, promotional videos, and others. It is usually placed in any open-air and central areas such as avenues, malls, parks, and parking lots. Furthermore, the displays consist of light-emitting diode (LED), which is a semiconductor chip that emits light of different colors with wavelengths in the visible spectrum. These ...

The blood market accounted for $7,201 million in 2020, and is expected to reach $10,253 million by 2027, registering a CAGR of 4.5% from 2020 to 2027. Blood is vital for life and is required for normal functioning of the human body. Furthermore, bone marrow is responsible for the production of blood cells in the body. However, various medical conditions can lead to altered level of blood, which ...

The global neurostimulation devices market was valued at $4,387.5 million in 2018 and is projected to reach $11,257.4 million by 2026, registering a CAGR of 12.5% from 2019 to 2026. Neurostimulation is an electrical process of stimulating, inhibiting, modifying, regulating, and altering the activity in the central, autonomous, or peripheral nervous system in the human body. Neurostimulation device...

The global orthopedic devices orthopedic market was valued at $37.2 billion in 2018 and is expected to reach $47.7 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. Orthopedic devices can be defined as medical devices used to replace the damaged or misplaced bone to improve the function of skeleton and reduce pain due to problems associated with injury/defect on musculoskeletal system...

Brain computer Interface (BCI) is a system that facilitates a direct communication pathway between the brain and the peripheral devices that are used to calibrate the movement in physically challenged individuals. A BCI system records the brain signal from the surface of the cortex, through devices implanted within the brain or from the sensors placed over the scalp. These signals are then transmi...

Gimbal refers to a pivoted support allowing rotation of any object in a single axis. EO/IR gimbals are the pivots that majorly consist of electro-optical (EO) and infrared (IR) sensors and a gyroscope to stabilize the camera attached with it. Electro optics/infrared (EO/IR) gimbal is a small device with a dual sensor, which gives better pointing accuracy. This gimbal has features like 360-degree c...

Automatic teller machine (ATM) was introduced in developed countries during the late 70s. This cash dispenser helps customers conduct a wide array of financial transactions such as cash withdrawal, fund transfer, and deposits. Smart ATMs have played a considerable role in generating revenue for the ATM market in the developing countries such as India and South Korea by integrating value-added serv...

Increase in demand for pressure sensors for various applications fosters the market growth globally and is estimated to increase further during the forecast period. The competitive advantages of pressure sensors over conventional alternatives have also been described in the report. Pressure sensors have a wide range of applications in automobiles such as cabin pressure, fuel & ignition, exhaust, a...

The prepaid card market is expected to exhibit high growth during the forecast period, owing to the convenience offered similar to that of a credit or debit card with the ability to allow the end user to set the spending limit according to the budget. Prepaid cards are a plastic alternative to carrying money around and are often called everyday cards. Prepaid cards have taken the place of cash, ch...

The global covid-19 diagnostics market size is anticipated to reach $780 million till the end of 2020. Covid-19 is an infectious disease caused by a newly discovered coronavirus with a nomenclature Sars Cov 2.The virus strain shows significant similarity with an earlier detected virus, Sars Cov. The virus outbreak started from Wuhan city of China and is now spread across 210 countries and territor...

Automated storage and retrieval systems (ASRS) are computer-controlled systems that store and retrieve products from inventory or production line. These systems are a type of warehouse automation technology that are designed for high volume of loads to be moved into and out of storage. They are operated from workstation and are widely used in the production and distribution facilities to gain high...

The global diphtheria, pertussis, and tetanus (DTP) vaccine market was valued at $ 4,758.8 million in 2019 and is expected to reach $ 7,054.4 million by 2027, with a CAGR of 5.1% during the forecast period. Diphtheria, tetanus, and pertussis or DTP, are serious diseases caused by bacteria. DTP vaccine is a blend of diphtheria and tetanus toxoids adsorbed with pertussis vaccine for intramuscular ...

Power semiconductor devices are incorporated in electronic circuits to regulate the energy transfer of the system. These devices are mostly in the form of a switch, for example, switched mode power supply (SMPS) is a type of power semiconductor device. Power devices that are made of Gallium Nitride (GaN)—a semiconductor material—are called GaN power devices. GaN power device reduces the overal...

The food color market size was valued at $2.1 billion in 2019, and is estimated to reach $3.5 billion by 2027, registering a CAGR of 12.4% from 2020 to 2027. A food color is a pigment or a dye, which adds color to food items or drinks. Food colors are available in liquid, liquid gel, gel paste, and powdered forms. They find their major application in commercial food and household cooking. Food qua...

The global biosensors market was valued at $17,500.0 million in 2018, and is expected to reach $38,600.2 million by 2026, registering a CAGR of 10.4% from 2019 to 2026. Biosensors are medical devices that are primarily used to sense or detect the presence or concentration of biological substances, such as a biomolecule or a microorganism. They are analytical devices that can convert a biological r...

Humidity is one of the prominent physical quantities used in a wide range of commercial and industrial applications, including those associated with building ventilation control, environmental chambers for the testing of electronics, clean rooms in the semiconductor & automotive industries, industrial drying, and process monitoring in the chemicals, electronics, food/beverage, pharmaceutical, cosm...

Robotics technology is the blend of computer application and machine tools designed to perform various tasks such as manufacturing, designing, and other applications of robots. In addition, use of robotic technology helps companies with various advantages such as increase in productivity of the organization, reduction of human errors, automation of the entire process, and enhancement of the qualit...

The global clinical nutrition market size was valued at $313.578 billion in 2018, and is projected to reach $552.503 billion by 2026, growing at a CAGR of 5.3% from 2019-2026. Clinical nutrition product is a type of pharmaceutical product that helps to keep a patient healthy. It helps to improve the metabolic system by providing adequate supplements such as minerals, vitamins, and others. Clinical...

The global filling equipment industry accounted for $17,820.5 million in 2019 and is expected to reach $23,499.4million by 2027, registering a CAGR of 3.9% from 2020 to 2027. The process of filling the manufactured product in the holding container before packaging can take up a lot of time. Filling equipment is convenient for large scale filling of the containers at high speed and with greater acc...

The Asia events industry size was valued at $273.8 billion in 2018, and is expected to reach $567.10 billion by 2026, registering a CAGR of 9.2% from 2019 to 2026. Events refer to public gathering of populace at a determined time and place for a purpose. The purpose for staging an event can be increase in business profitability, celebratory, entertainment, and community causes. The most popular ev...

The global blood bank market was valued at $13.85 billion in 2019 and is expected to reach $21.86 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027. A blood bank is a non-profit organization that engages in all the operations such as collection, processing, testing, storage, and distribution of blood and blood components drawn from donors. A blood bank can be a separate free-standing...

The global virtual power plant market was valued at $1.3 billion in 2019, and is projected to reach $5.9 billion by 2027, growing at a CAGR of 21.3% from 2020 to 2027. Virtual power plant, an aggregated decentralized power plant, consisting of decentralized power systems with the purpose to integrate different distributed energy sources such as solar PV cells, wind turbines, and hydroelectric pla...

Mobile security is protection of different mobile devices, which include smart phones, laptops, tablets and other portable computing devices, from various threats and vulnerabilities. In addition, it safeguards hardware and software of mobile devices from various hackers and cyber attackers. Over the time various security software and hardware solutions have been developed by the companies such as...

The global advanced glass market size valued at $57.6 billion in 2019, and is projected to reach $103.8 billion by 2027, growing at a CAGR of 7.6% from 2020 to 2027. Advanced glasses are specialized grades of glass. They are designed with unique features, and provide various applications. These glasses are made of ash soda, natural gas, and silica. Depending on their uses, the advanced glasses un...

The global anti-viral therapies market was valued at $38,316.5 million in 2018, and is projected to reach $46,213.4 million by 2026 registering a CAGR of 2.4% from 2019 to 2026. Antiviral drugs belong to the class of medicines, which are used for treating viral infections, such as HIV, herpes, hepatitis, and influenza. These drugs are generally administered in the form of vaccines. In addition, mo...