Press releases

The global internal combustion engine (ICE) market demand is projected to touch 229,439 thousand units by the end of 2025, according to a new report published by Million Insights. The market is anticipated to ascend at a CAGR of 4.9% over the forecast duration, 2018 to 2025. Growing focus on fuel efficiency has resulted in turbo charging and downsizing of engines, which, in turn, is augmenting the market growth. Further, the introduction of advanced models such as homogeneous charge compression ignition (HCCI) is anticipated to bolster the demand for ICE vehicles in the near future.

The global fiber optic preform market size is anticipated to reach USD 8.66 billion until 2025. It is anticipated to register growth with 19.6% CAGR during the forecasted period, 2019 to 2025. This growth can be attributed to the rising number of innovations being carried out in the technology of fiber optics to serve the surging demand for good network infrastructure across the telecom sector.

The global almond oil market size is expected to register revenue of USD 1.6 billion from 2019 to 2025, according to a new report by Million Insights. Rising awareness about the adverse effect of harmful chemicals in personal care and cosmetics products has majorly propelled the demand for organic and natural beauty products.

The global dishwasher market size is projected to touch USD10.23 billion by the end of 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 7.2% from 2019 to 2025.Factors such as the growing consciousness for cleanliness, hygiene and sanitation along with increasing working-class professionals are projected to fuel the market growth.

The global volatile organic compound gas sensor market size is projected to touch USD 186.7 million by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 4% through the forecast period of 2019-2025. The presence of volatile organic compound (VOC) gases in the air has been subject to a lot of contemplation and is very crucial in developing leak detection devices. This factor is expected to propel the growth of the market.

The global sponge & scouring pads market is expected to reach USD 5.6 billion by 2025, according to Million Insights, registering a 2.3% CAGR over the forecast period, from 2019 to 2025. The rising number of cafes and restaurants has majorly driven the growth of this market. The aforementioned eateries serve a large number of customers resulted in a giant heap of plates, cutleries, and cookware to be washed, thereby expected to further drive the market growth.

The global sourdough market size is anticipated to touch USD 3.5 billion by 2025, according to a new report by Million Insights. The market is estimated to ascend at a CAGR of 5.7% and is likely to see huge demand for bread over the next few years. The bread segment held the largest market share and it is expected to continue its dominance over the forecast period. 

The global smart fleet management market size is anticipated to reach USD 565.1 billion in the year 2025. It is anticipated to register growth with 7.7% CAGR during the forecasted period, 2017 to 2025. This growth can be attributed to the adoption of such solutions for carrying out activities like vehicle monitoring and tracking, fuel management, remote diagnostics and predictive maintenance.

The global electric AC motors market size is projected to value at USD 146.6 billion by 2025, according to a new report published by Million Insights, at a CAGR of 7.3% from 2017 to 2025. These motors are extensively used in fixed cranes, domestic appliances, compressors, and diesel-electric engines. Their major benefits like efficient operation and cost-effectiveness in difficult surroundings make them appropriate for different applications. 

The global data protection and recovery solutions market size is anticipated to reach USD 14.1 billion in the year 2025. This can be attributed to the increasing concerns about the data management coupled with the surging threats in data migration while transferring it to the cloud systems. Also, incidences like hacking, data loss, and unauthorized data access are expected to drive the demand for such solutions.

The global portable oil-free air compressor market size is projected to touch USD 8.54 billion by 2022, as per the report released by Million Insights. The evolution of new compressed air systems, which provide energy-efficiency and reliability is anticipated to supplement the demand for the product over the estimated period. The surging demand for oil-free air in critical applications and emphasis on adhering to environmental norms is projected to bode well for the market growth from 2015 to 2022. 

The global kids footwear market size is estimated to touch USD 59.2 billion by 2025, according to a new report by Million Insights. The market is projected to ascend at a CAGR of 8.2% from 2019 to 2025. Changing fashion trends influenced by social media and rising disposable income of the middle class in emerging countries are driving the market demand. Further, the use of cotton products in baby footwear is attracting parents to invest in comfort footwear.

The global indoor location-based services (LBS) market size is anticipated to reach USD 18.74 billion in the year 2025. It is anticipated to register 43.3% CAGR during the forecasted period, 2019 to 2025. This can be attributed to the increasing demand for such services among majority of industrial players for carrying out several marketing and promotional activities across the globe.

The global transportation management systems market size is projected to touch USD 198.82 billion by the year 2025, according to a new report by Million Insights. It is anticipated to grow at a CAGR of 16.2% through the forecast period of 2019-2025. The evolving e-commerce and retail sector and the rising demand for technology and automation in logistics and supply chain are propelling the adaption of transportation management system (TMS).

The global fixed-wing air ambulance service market is projected to reach USD 2.0 billion by 2025, according to Million Insights. The market is anticipated to expand at a CAGR of 9.4% throughout the forecast period, 2018 to 2025. The growing incidence of chronic health issues, including cardiac disorder that requires an instant medical response is anticipated to a positive impact the market growth. Medical services in emergency use rotary-wing and fixed-wing aircraft to move patients to and from healthcare facilities as well as accident sites

The global public relations (PR) tools market size is projected to touch USD 12.99 billion by 2024, as per the report released by Million Insights. There has been a noticeable change in the PR landscape as it is widely preferred by most of the marketers. There are rising efforts at measuring the PR impact and the return it generates. The evolution of social media and digital communication is also promoting the surging demand for monitoring and tracking the activities of the company and customers on various social media. These factors are projected to accelerate the demand for the product over the estimated duration.

The global pet grooming products market size is estimated to reach USD 14.5 billion, by 2025, and is projected to grow at a CAGR of 5.7% from 2019 to 2025, according to a new report by Million Insights. Increasing adoption of pet animals along with rising awareness regarding hygiene is mainly contributing to market growth. In addition, the availability of various organic and medicated products such as conditioner, ear butter, and shampoo are gaining attraction among consumers.

The global automotive connectors market size is projected to attain USD 28.25 billion by the end 2025, according to a new report released by Million Insights. The market is anticipated to expand at a CAGR of 7.4% throughout the forecast period, 2018 to 2025. Rising popularity of vehicle electrification is projected to boost the demand for connectors over the forecast period. Moreover, growing need for safety and security, convenience, and connectivity in passenger cars and commercial vehicles is projected to further drive the growth of the market.

The U.S. fencing market is projected to attain USD 12 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to expand at a CAGR of 4.9% throughout the forecast period, 2020 to 2027. Rising number of construction projects across the residential as well as commercial sector and growing concerns regarding safety and security are driving the product demand. Moreover, rising number of renovation projects in U.S. is anticipated to further proliferate the product demand over the forecast period.

The global road marking machine market size is anticipated to reach USD 11.32 billion by the end of 2025. It is anticipated to register a CAGR of 9.3% during the forecasted period, 2019 to 2025. This can be attributed to increasing demand for roadway markings to avoid accidents and to guide the drivers on highways.