Press releases

The global mountain bike shoes market is estimated to attain USD 802.1 million, by the end of 2025, and is anticipated to grow at a CAGR of 6.4% from 2019 to 2025, according to the latest report by Million Insights. Increasing trend of trekking, outdoor activities, and mountain biking due to rising the health benefits is mainly contributing to market growth. In addition, growing popularity of off-road and mountain biking is boosting the demand for the product. MTB footwear are designed with rigid sole and are highly flexible and comfortable.

The global LED table lamps market size is projected to touch USD 13.37 billion by the end of 2025, as per the report released by Million Insights. It is projected to ascend with a CAGR of 15.2% from 2019 to 2025. The market growth is attributed to the growing demand for energy-saving lighting systems due to rising awareness about climate change and global warming. Further, the shifting preference for smart homes, particularly in emerging nations such as India and China, is driving the demand for the product over the forecast years.

The global data center networking market is projected to reach USD 40.9 billion by 2025 and projected to register 11.0% CAGR over the forecast period, from 2019 to 2025 according to Million Insights. The growing huge amount of unstructured data across several industries is expected to drive the market growth. In addition, rising adoption of cloud computing and the introduction of advanced data center operating models are also anticipated to boost the market growth over the forecast period.

The U.S. motor vehicle sensors market is estimated to attain USD 6.29 billion, by the end of 2020, and is projected to grow at a significant rate of CAGR over the forecasted period, according to the new report by Million Insights. The stringent regulations regarding harmful emissions and safety standards coupled with growing initiatives by the government is anticipated to foster the market growth.

The global smart faucets market is estimated to reach USD 667.3 million, by 2025, and is projected to grow at a CAGR of 12.0% from 2019 to 2025, according to a new report by Million Insights. The increasing penetration of smart home connectivity technology due to the rising luxury lifestyle changes among middle class age group mainly contributing to market growth. In addition, the growing tourism & travel sector especially in countries such as the India, Germany, China and France is boosting the demand for the product.

The global two wheeler hub motor market is projected to attain USD 16.9 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to expand at a CAGR of 9.7% throughout the forecast period, 2020 to 2027. Rising demand for electric vehicles owing to rising concerns for environment and global warming is projected to boost the market growth. Moreover, advantages such as high performance, cost-effectiveness, and easy installation are projected to fuel the demand for two-wheeler hub motors over the forecast period.

The global radar market size is anticipated to reach USD 38.01 billion till 2025. It is anticipated to register growth with a CAGR 0f 3.8% during the forecasted period, 2019 to 2025. This growth can be attributed to rising need for security and safety owing to increasing number of crimes, international conflicts, and terrorism across the globe.

The global health intelligent virtual assistants market size is projected to touch USD 2.95 billion by the end of 2025, as per the report released by Million Insights. It is projected to ascend with a CAGR of 39.1% from 2018 to 2025. Factors such as technological advancement and increasing emphasis on patient engagement are projected to bode well for the market growth over the forecast years. Increasing penetration of IoT and growing preference for AI in the healthcare segment are further predicted to fuel the product demand in the upcoming years.

The global anti-fatigue mats market size is projected to touch USD 2.1 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 5.1% during the forecast period. Growing health concern owing to prolong working hours is attributing to the growth of the anti-fatigue mat market. Anti-fatigue mats provide relief against different health problems such as foot problems, joint pain and improper blood circulation. These problems can be greatly avoided by anti-fatigue mats as they ensure regular movements of the foot.

The global auto catalystmarket size is anticipated to reach USD 16.15 billion by the end of 2025. It is expected to witness 3.5% CAGR during the forecasted period, 2017 to 2025. This can be attributed to rising demand for auto catalyst across automobile sector for reducing the emission of harmful gases through motor vehicles.

The global self-checkout systems market is projected to attain USD 7.80 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to expand at a CAGR of 13.3% throughout the forecast period, 2020 to 2027. Extended time for checking out and rising inconvenience due to delayed waiting time is projected to propel the demand for self-checkout systems. 

The global micro irrigation systems market is anticipated to reach USD 41.23 billion by the end 2025, according to a new report released by Million Insights. It is projected to grow at a CAGR of 17.6% from 2016 to 2025. This growth is attributed to rising population and increasing consumption of food across the developing and developed regions.

The global LED lighting market size totaled USD 55.5 billion in 2021 and is anticipated to grow at a CAGR of 10.5% from 2022 to 2030. The ongoing technological advancements and increasing development in lighting technologies are the key factors driving the market growth.

The global electric toothbrush market is expected to reach USD 3.8 billion by 2026, according to Million Insights, registering a CAGR 5.8% over the forecasted period, from 2019 to 2026. Major factor to drive the market growth is rising awareness about oral health along with increasing disposable income.

The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.

The global kids furniture market is estimated to reach USD 39.96 billion, by the end of 2025, and is projected to grow at a CAGR of 4.48% from 2019 to 2025, according to a new report by Million Insights. Growing trend of building houses that comprise of separate room for kids is supporting the market growth.

The global automotive natural gas vehicle (NGV) market is estimated to attain 37,373.8 thousand units by the end of 2027 and is projected to grow at a CAGR of 3.5% from 2020 to 2027, according to a new report by Million Insights. Increasing consumption of natural gas as a primary fuel type for transportation is mainly driving the market growth. 

The global yoga clothing market size is projected to touch USD 47.8 billion by 2025, according to a new report by Million Insights. The market is anticipated to expand at a CAGR of 6.2% from 2019 to 2025. Growing adoption of yoga practices amid hectic lifestyle coupled with increasing demand for fashionable yoga wear is driving the demand for these products. These clothes are known to provide comfort and absorb sweat generated during yoga, thus, gaining traction among end-users.

The global cooling tower market size is projected to value at USD 4.85 billion by 2025, according to a new report published by Million Insights. Cooling towers have applications in power plants, especially, in thermoelectric power plants, to prevent excess heat generation from the plant.

The global wireline logging services market size is anticipated to reach USD 34.39 billion in the year 2022. This can be attributed to increasing usage of these services for collection of real-time data by electric tools to optimize operational activities and gain maximum output from oil fields and wells. The E-Line technology segment held the largest share of around 57% in the wireline logging service market owing to its usage in good logging and tube perforating operations.