Press releases

The global fire alarm and detection market size is projected to touch USD 75.3 billion by 2027. It is estimated to register 8.5% CAGR over the forecast duration, as per a new report by Million Insights. Growing awareness about the safety of people and properties is driving the demand for the product. Consumer spending on fire safety devices has surged in the recent past owing to increasing awareness and effectiveness of these devices.

The global energy as a service market size is estimated to attain USD 172.9 billion by the end of 2027 and is anticipated to grow at a CAGR of 14.6% over the forecast period 2020 to 2027, according to a new report by Million Insights. Increasing demand for energy supply and growing awareness about green energy or renewable energy sources is boosting the market growth.

The global air coolers market is expected to reach USD 2.5 billion by end of 2025 with a CAGR of 10.8%, according to a new report published by Million insights. Growing demand for energy-efficient, eco-friendly, and less power consuming products, with effective cooling, are projected to augment the market growth in the forthcoming years.

The global camping cooler market is projected to reach USD 1.05 billion by 2025 and registering a CAGR of 6.4% during the forecast period, from 2018 to 2025, according to a new report by Million Insights. The market is projected to witness significant growth during the forecast period due to emergence of new technologies for developing chillers coupled with increasing trend to spend leisure time in outdoor activities.

The U.S. recreational vehicle awnings market size is estimated to attain USD 1.7 billion by 2025 and is projected to grow at a CAGR of 4.2% from 2018 to 2025, according to the new report by Million Insights. Increasing demand for recreational vehicle (RV) awnings owing to its benefits such as weather protection and greater versatility is expected to be a key factor fostering growth of the market.

The global fencing market size is projected to account for USD 41.7 billion by 2027, according to a new report by Million Insights. The market is anticipated to register over 5.0% CAGR from 2020 to 2027. Increasing development in real estate and renovation of the construction industry is attributing to the growth of the market. Residential and commercial infrastructures such as academic organizations, offices, households along with industrial premises install fences to safeguard the properties. 

The global limestone market size is anticipated to value USD 102.7 billion until 2027. It is also expected to register a CAGR of 4.4% over the forecasted years, 2020 to 2027. Rapid technological advances for infrastructure development are estimated to propel the demand for limestone.

The global computer aided engineering (CAE) market size is anticipated to account for USD 14.9 billion by 2027, growing at 9.3% CAGR, according to a new report by Million Insights. CAE is a use of computer software to simulate the performance of the design with the aim to improve product quality. CAE is used in various industries such as electronics, manufacturing, defense & aerospace and automotive among others.

The global LiDAR market size is anticipated to be worth USD 3.7 billion by 2027 and registering 13.2% CAGRduring the forecast period from 2020 to 2027, as per a new report by Million Insights. Increasing use of LiDAR system in automobile safety, environmental mapping and corridor mapping is attributing to its growth. In addition, increasing adoption of autonomous vehicles is likely to spur product demand. LiDAR plays a vital role in sensing and it is integrated with ADAS technologies to ensure vehicle safety. 

The global kenaf seed oil market size is expected to register revenue of USD 257.3 million by 2025 and registering CAGR of 6.1% over the forecast period from 2019 to 2025, according to a new report by Million Insights. Bioactive compounds such as steroids, alkaloids, fatty acids and essential oils present in kenaf seed oil is projected to increase the demand for the product as a functional ingredient in the making of biofuel in the next few years.

The global smart port market is anticipated to value USD 13.98 billion until 2027. It is also expected to register a CAGR of 32.4% over the forecasted years, 2020 to 2027. The increasing need for reducing operational costs and enhance the throughput capacity of ports is estimated to trigger the market growth for smart ports.

The global hydroponics market size is projected to reach USD 5.68 billion by 2025 and projected to register 22.52% CAGR over the forecast period from 2019 to 2025, according to new report by Million Insights. Increasing adoption of smart agriculture technologies like vertical farming is expected to drive the market growth.

The global edge computing market size is projected to reach USD 155.90 billion by 2030 and register a CAGR of 38.9% from 2022 to 2030. The integration of artificial intelligence (AI) into the edge environment is expected to propel market expansion. An edge AI system can assist businesses in making quick decisions in real-time.

The global sports composites market size is estimated to be worth USD 5.74 billion by 2027, according to a new report by Million Insights. The market is anticipated to witness a substantial growth with a CAGR of 6.46% due to the rising demand for high-performance items for producing rigid and lightweight sporting goods.

The U.S. heating equipment market is projected to value USD 6.09 billion until 2027. It is expected to register a CAGR of 6.02% over the forecasted years, 2020 to 2027. Rising demand for efficient heating equipment due to extreme climatic conditions prevailing across different zones and continuous growth of the manufacturing industry is anticipated to drive the market growth.

The U.S. automotive battery aftermarket size is estimated to reach USD 4.2 billion, by 2025, and is projected to grow at a CAGR of 1.4% from 2018 to 2025, according to a new report by Million Insights. The increasing demand for electric vehicle is expectedto bea key factor fostering growth of the market.

The North America industrial insulation market size is estimated to touch USD 2.55 billion by the end of 2025 and is anticipated to register a compound annual growth rate of 4.0% from 2018 to 2025, according to a new report published by Million Insights. The rising energy costs along with growing awareness about energy conservation are driving the market growth.

The global android set-top box market size is estimated to reach USD 695.9 million by 2025 and is projected to grow at a CAGR of 19.5% over the forecast period 2019 to 2025, according to a new report by Million Insights. Several factors such as changing consumer media experiences and increasing trends of IPTV/OTT platforms including Amazon OTT and Netflix are projected to spur the market growth in the next few years.

The North America digital transformation in manufacturing market size is estimated to reach USD 25.70 billion by 2025 and is projected to grow at a CAGR of 17.2% from 2018 to 2025, according to a new report by Million Insights. The increase in demand for digital solutions in manufacturing due to high productivity and efficiency is expected to increase the demand for digital solutions in the next few years.

The United States automotive collision repair market size is anticipated to account for USD 37.60 billion by the end of 2025, according to the Million Insights. It is likely to exhibit 1.5% CAGR over the forecast duration. Increasing sales of automotive in the country is a major factor driving the market growth. In addition, a rise in the use of innovative technologies such as 3D printing has led to the improvement in services by service providers. Considering the growing demand for collision repair services, industry participants are increasingly investing in research and development to come up with a new solution.