Press releases

The global DC motor control devices market size is estimated to reach USD 1.18 billion, by 2025, and is projected to grow at a CAGR of 6.2% over the forecast period, 2019 to 2025, according to a new report by Million Insights. DC motors are widely used across industries like automotive, transportation, industrial and consumer electronics. These motors can perform sophisticated control algorithm owing to its efficient application in electronic control.

The global chatbot market size is anticipated to reach USD 1.25 billion until 2025. It is expected to register growth with 24.3% CAGR during the forecasted period, 2017 to 2025. This growth can be attributed to the rising usage of the internet prevailing among the millennial population coupled with the need for automating customer care services for reducing overheads and enhance operational efficiency.

The global industrial and commercial LED lighting market size is projected to value at USD 165.91 billion by 2022, according to a new report published by Million Insights. Increased efficiency of these lights integrated with government regulations for prohibiting incandescent lamps is expected to boost the demand by 2022.

The global 5G system integration market size is projected to touch USD31.41 billion by the end of 2027, as per the report released by Million Insights. The market is projected to register a CAGR of 23.8% over the forecast duration. The rapid rise in investment to incorporate 5G network in various nations such as Japan, U.S., and China, has surged the demand for embedding 5G network across enterprises.

The global organic beverages market size is expected to register a revenue of USD 47.78 billion and projected to grow at CAGR of 13.0% over the forecast period, from 2019 to 2025, according to a new report by Million Insights. Increasing demand for organic beverages among millennials in developing countries is a key factor driving the market.

The global smart office market size is anticipated to reach USD 57.05 billion by 2025. It is also expected to register 13.2% CAGR during the forecasted period, 2017 to 2025. This can be associated with the rapid developments being carried out in technologies like IoT coupled with an increasing need to develop energy-efficient devices for official usage.

The global kids travel bags market size is projected to reach USD 509.2 million by 2025, according to a new report published by Million Insights, with a CAGR of 15.5% over the forecast duration. The rising trend of educational tours for kids, outbound travel, and family trips are some of the key factors driving the market.

The global soil moisture sensor market size is projected to be worth USD 433.3 million by 2025, according to a new report by Million Insights, with a CAGR of 14.0% over the forecast period. These sensors measure the volumetric water content present in the soil. Growing use of the device among the agricultural and sports sectors for allowing the required water content range in turfs/fields is boosting the market growth.

The North America smart trash bin market size is projected to value at USD 12.3 million by 2025, according to a new report published by Million Insights, growing at a CAGR of 6.9% from 2018 to 2025.These are also called automatic trash bins. The touchless trash cans have the ability to operate with no physical contact and are sensor-based. 

The global electric mobility market size is anticipated to touch USD 489,315.6 million by 2025, according to a new report by Million Insights. The market is estimated to register the CAGR of 21.6% over the forecast period, 2019 to 2025. E-mobility is gaining traction across the world owing to changing mobility norms aimed at reducing the carbon footprint.

The global automotive cyber security market is projected to reach USD 5.56 billion by 2025, according to Million Insights. A growing data breaching incidence owing to increasing number of automated and connected vehicles is a major factor driving the market growth.

The global sports shoes market size is estimated to reach USD 25.3 billion, by 2025, and is projected to grow at a CAGR of 4.2% from 2019 to 2025, according to a new report by Million Insights. The increase in number of sports events across the world is expected to increase the demand for the product in the next few years.

The global plant cell culture equipment market size is expected to value at USD 1.05 billion by 2025, according to a new report by Million Insights. The overall market is expected to grow at a CAGR of 13.1% throughout the projected years. The need for transgenic crops is increasing due to several advantages provided by these crops like improvement in the productivity, quality, and yield and the creation of insect-resistant cultivators for crops.

The global golf trolley market size is projected to reach USD 195.4 million by 2025, according to a new report published by Million Insights, growing with a CAGR of 3.7% from 2019 to 2025. The rising popularity of golf among the youth population is surging the demand for this product across the world.

The global analytics of things or internet of things (IoT) analytics market size is projected to value at USD 57.3 billion by 2025, as per a new report published by Million Insights, registering a CAGR of 29.7% from 2017 to 2025. The rising demand for cost-effectiveness and advanced technologies are surging the demand for analytics of things.

The global e-waste management market is projected to account for 63.705 million metric tons by the end of 2025, with a CAGR of 4.1% over the forecast period 2017 to 2025, according to a new report by Million Insights. The declining average lifespan of consumer electronic devices and the increasing number of machine to machine (M2M) connected devices are anticipated to increase the demand for electronic components.

The global bakery product market size is estimated to reach USD 251.1 billion, by 2025, and is projected to grow at the CAGR of 3.2% from 2019 to 2025, according to a new report by Million Insights. The changing consumer preference towards fast food items such as cakes, cookies owing to busy and hectic daily routine is expected to boost the product demand. 

The ASEAN ceramics market size is projected to value at USD 69.08 billion by 2025, according to a new report published by Million Insights, at a CAGR of 8.2% from 2017 to 2025. The emerging construction industry and the increasing government expenditure on infrastructural development are poised to positively impact market growth in the upcoming years. The growing demand for ceramic tiles in offices, restaurants, resorts, and malls is projected to stimulate product demand growth in the coming eight years.

The global zero waste shampoo market size is projected to reach USD 165.36 million by 2025 and, registering a 7.18% CAGR over the forecast period, from 2019 to 2025, according to Million Insights. Increasing consciousness about waste management and the rising application of zero-waste products have majorly driven market growth. 

The global sleep mask market size is projected to value USD 18.6 million till 2025, as stated in the report published by Million Insights, with a CAGR of 4.2% from 2019 to 2025. The increasing cases of sleeping disorders among people due to changing climatic conditions and hectic work schedule is predicted to expand the scope of this market.