Day: January 16, 2023

Global Smart Grid market size was valued at USD 31.88 billion in 2021, and it is expected to reach a value of USD 156.21 billion by 2028, at a CAGR of 8.5% over the forecast period (2022–2028). Westford, USA, Jan. 16, 2023 (GLOBE NEWSWIRE) — SkyQuest’s analysis of the Smart Grid market provides valuable insights. The industry is currently in a growth phase, with sales increasing at a rate of 8.5% per year. The global smart grid market is primarily driven by favorable regulatory frameworks of various governments that promote smart grid deployment. The regulatory environment of the government encourages and mandates the placement of smart power grids by raising awareness about the advantages of smart grids. Smart grids are capable of recognizing network faults and automatically self-healing the network fault. Thus, smart grids’...

Global Smart Lighting market size was valued at USD 10.88 billion in 2021, and it is expected to reach a value of USD 23.21 billion by 2028, at a CAGR of 14.5% over the forecast period (2022–2028). Westford, USA, Jan. 16, 2023 (GLOBE NEWSWIRE) — SkyQuest’s analysis of the Smart Lighting market provides valuable insights. The industry is currently in a growth phase, with sales increasing at a rate of 14.5% per year. However, there is potential for further growth, particularly in the premium segment of the market. One of the key drivers is that Smart lighting adoption is anticipated to increase as a result of benefits such as managed power usage, longer life, multiple light settings in a single lamp/luminaire, and the availability of a diverse range of modern decorative lighting products. Smart lighting adoption in the residential,...

According to Fortune Business Insights, the global modular construction market size is projected to grow from USD 75.89 billion in 2021 to USD 114.78 billion in 2028, at CAGR of 6.1% during forecast period. The increased infrastructure investment across glob boosting the modular construction industry globally. Pune, India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global modular construction market size was USD 72.11 billion in 2020. The market is projected to grow from USD 75.89 billion in 2021 to USD 114.78 billion in 2028 at a CAGR of 6.1% during the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Modular construction Market, 2021-2028.” Factors such as adoption of advanced lean manufacturing techniques and the growing infrastructure investment are expected to boost the...

According to Fortune Business Insights, the global Flywheel Energy Storage market size is projected to grow from USD 297.6 Million in 2021 to USD 551.9 Million in 2029, at CAGR of 8.3% during forecast period. Pune, India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global flywheel energy storage market size was valued at USD 297.6 million in 2021 and USD 316.8 million in 2022. The market is expected to reach USD 551.9 million by 2029 with a CAGR of 8.3% during the forecast period. The rising transition toward renewable energy sources is expected to propel the market course in a growing direction. Growing demand for electricity for energy storage installation is expected to facilitate market development. Fortune Business Insights™ shares this information in its report titled “Flywheel Energy Storage Market, 2022-2029. Key Industry...

The global bicycle market size is expected to grow from USD 82.50 billion in 2022 to USD 127.83 billion by 2029; it is estimated to grow at a CAGR of 6.5% from 2021 to 2028. The market size was USD 78.33 billion in 2021. Pune, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global bicycle market size was valued USD 78.33 billion in 2021. The global market is projected to reach USD 127.83 billion in 2029 from its value USD 82.50 billion in 2022, at CAGR of 6.5% during forecast period of 2021 to 2028. This information is published by Fortune Business Insights™, in its report, titled, “Bicycle Market, 2021-2028.” Industry developments: April 2022: Hero International (HIT), a part of India’s Hero Motors Company (HMC), declared that it is involving a novel assembly division in its production unit in Manchester for Electric bicycles. The...

The Electric Vehicle Battery Market size is expected to grow from USD 27.30 billion in 2021 to USD 154.90 billion by 2028; it is estimated to grow at a CAGR of 28.1% from 2021 to 2028. The EV battery industry is also seeing a growth in recycling technologies which will help in reducing the environmental impact and cost of EV batteries. Pune, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global electric vehicle battery market size was valued USD 21.95 billion in 2020. The market is projected to grow from USD 27.30 billion in 2021 to USD 154.90 billion in 2028 at a CAGR of 28.1% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Electric Vehicle Battery Market, 2021-2028.” According to our expert analysts, the increasing focus of crucial vehicle manufacturers, involving Ford...

The global Genomics Services Market size was valued at USD 6.64 billion in 2021. The market is projected to grow from USD 7.41 billion in 2022 to USD 15.40 billion by 2029, exhibiting a CAGR of 11.0% during the forecast period. Growing Cancer and Other Chronic Disease Prevalence to Drive the Genomics Services Market Growth Pune, India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global genomics services market size was valued at USD 6.64 billion in 2021. The market is projected to grow from USD 7.41 billion in 2022 to USD 15.40 billion by 2029, exhibiting a CAGR of 11.0% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Genomics Services Market, 2022-2029.” Key Industry Development December 2021- To strengthen Serbia’s reputation as a nation that invests in science and...

According to Fortune Business Insights, Degenerative Disc Disease Treatment Market to Reach USD 45.92 Billion by 2029; Growing Prevalence of Degenerative Disc Disease to Surge Demand for Treatment Pune, India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global degenerative disc disease treatment market size was USD 26.05 billion in 2021. The market is projected to grow from USD 27.87 billion in 2022 to USD 45.92 billion by 2029, exhibiting a CAGR of 7.4% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Degenerative Disc Disease Treatment Market, 2022-2029.” Key Industry Development:In an effort to diversify its product line, Pfizer Inc. purchased Arena, a company in the clinical stages of developing cutting-edge potential therapies for the treatment of immuno-inflammatory...

According to Fortune Business Insights, the global anti-money laundering software market size is projected to reach USD 4.31 Billion in 2029, at a CAGR of 13.0% during the forecast period, 2022-2029 Pune, India, Jan. 16, 2023 (GLOBE NEWSWIRE) — The global anti-money laundering software market size was valued at USD 1.65 billion in 2021 and USD 1.82 billion in 2022. The market is expected to reach USD 4.31 billion by 2029 with a CAGR of 13.0% during the forecast period. Increasing importance of monitoring of transactions amongst consumers is expected to propel market growth. Intensifying focus of financial institutions on digital payments and related issues is anticipated to fuel market development. The growing adoption of real-time transaction monitoring and RegTech automation is propelling the growth of the market. Fortune Business...