Recent Media Releases
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Athletic & Sports Socks Market to Grow 1.8X through 2029, Backed by Surging Demand for Sport-specific Socks
Published On : Nov 16, 2020
Ever-increasing sales of athletic & sports footwear is one of the main drivers of the athletic & sports socks market. Moreover, increased participation in games has created heightened demand for sport-specific socks, backed by innovative product launches such as anti-bacterial, anti-fungal, and antimicrobial protected athletic & sports socks; and advance fit, anti-slip wedge, and blister protection socks. In March 2019, FITS®, an American manufacturer of socks, launched eleven new performance socks for running and hiking, under its athletic & sports socks segment..
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Edible Insects for Animal Feed Market to Grow Impressively at 39%, on Back of Increasing Commercialization of Insect-based Protein for Aquafeed
Published On : Jan 22, 2020
Manufacturers in the global edible insects for animal feed market are accelerating their growth by increasing their offerings in the commercial market. This is being witnessed mainly in Europe, where insect-based feed manufacturers are improving the commercialization of insect-based proteins. The authentication of insect proteins for use in aquafeed by the European Food Safety Authority (EFSA) and EU member states is anticipated to drive the growth of the global edible insects for animal feed market.
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Refurbished and Used Mobile Phones Market Continues to Witness Primacy of North America; Asia Pacific Emerging as Growth Engine: PMR
Published On : Jan 21, 2020
Countries such as Argentina, Brazil, India, Russia, Mexico, Thailand, the Philippines, and others are emerging as key markets for refurbished and used mobile phones. Consumers in developing nations are price-sensitive, and inclined toward products that provide good value for money, a major factor surging the market in Asia Pacific. The global refurbished and used mobile phones market is largely unorganized, with few players such as Samsung, Apple, and Lenovo venturing into this space. These factors are projected to fuel growth of the refurbished and used mobile phones market, globally.
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LTE Advanced and 5G Market Offering Plethora of Opportunities to Transform Industries and Societies, Set for 36% CAGR
Published On : Jan 20, 2020
LTE advanced and 5G technology is playing a vital role in supporting policy makers and governments to transform cities into smart cities, and allowing communities and citizens to recognize and contribute to socioeconomic benefits delivered by a data-intensive and digital economy. Heavy investments by government and public organizations around the globe for the advancement of telecommunication infrastructure is one of the key factors driving the growth of the LTE advanced and 5G market.
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High Replacement Rate in Agricultural and Commercial Vehicles Spearheading Demand for Automotive Transmission Oil Filters, Finds PMR
Published On : Jan 20, 2020
The high replacement rate of automotive transmission oil filters in agricultural and commercial vehicles will primarily drive overall aftermarket growth. The global automotive transmission oil filter market was estimated at US$ 2.0 Bn in 2018, and is projected to exhibit a CAGR of 4.5% during the forecast period of 2019-2029.
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Automotive Solenoid Market to Reach US$ 13 Bn by 2029, on Back of Advancements in Automobile Architecture
Published On : Jan 20, 2020
Most of these solutions necessitate the utilization of automotive solenoids, which is projected to further boost market growth. The global automotive solenoid market is projected to exhibit a CAGR of 4.1% during the forecast period of 2019-2029.
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Transseptal Access Systems Market to Witness 10% CAGR, on Back of Surging Sales of Transseptal Access Needles
Published On : Jan 20, 2020
Rising prevalence of obesity, growing geriatric population with higher risk of heart diseases, and rapid technological advancements to detect arrhythmia are critical factors for the growth of the transseptal access systems market. Introduction of innovative technologies such as left atrial appendage occlusion therapy is benefitting patients who are at high risk of strokes due to non-valvular atrial fibrillation (AF).
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Enterprise Governance, Risk and Compliance Market to Surpass US$ 25 Bn by 2029; APEJ Set for Notable Growth
Published On : Jan 20, 2020
The global enterprise governance, risk and compliance (eGRC) market is anticipated to exhibit a CAGR of 8% over the forecast period (2019-2029). Organizations have started implementing enterprise governance, risk and compliance solutions to manage risks and seize opportunities so as to achieve their varied objectives.
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Sales of Sweet Potato Flour to Reach Billion-dollar Mark by 2029, on Back of Its High Nutritional Value, Finds PMR
Published On : Jan 15, 2020
The sweet potato flour market has witnessed substantial growth in the past few years, and this growth is expected to continue throughout the forecast period of 2019-2029. The global sweet potato flour market is estimated to experience steady growth of 4.7% throughout the forecast period.
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Rail Greases Market to Reach US$ 310 Mn by 2029, Driven by Expanding High-speed Rail and Metro Train Networks
Published On : Jan 14, 2020
Factors such as increasing focus of railway operators on reducing operation as well as maintenance costs, and development of a number of high-speed and metro rail projects, are anticipated to create significant growth opportunities in the global rail greases market.
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Automotive Window Films Market Driven by Increasing Demand for Vehicle Safety, Finds PMR
Published On : Jan 14, 2020
Automotive window films are gaining significant traction in the market as these protect the vehicle’s interior systems by blocking UV rays. Owners can protect the interior LED lightings of their vehicles by using tinted automotive film, as excessive exposure to sunlight can affect the performance of LEDs. Moreover, automotive window films improve vehicle aesthetics, besides shielding the occupants from the sun and harmful UV rays.
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Sales of Mobile Crushers and Screeners to Reach US$ 5 Bn by 2029, on Back of Heightened Demand from Mining Industry
Published On : Jan 13, 2020
Mobile crushers and screeners are adaptable to all kinds of mobile crushing operations in the thriving mining industry. Low transportation costs and flexible configuration, combined with easy maintenance are some of their highlighting features, which make the equipment more reliable. Mobile crushers and screeners can be customized on an operation basis, and also be combined with other machines in a production line.
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Personal Emergency Response Systems Market Set for US$ 8.6 Bn Valuation by 2029; North America to Witness Notable Growth: PMR
Published On : Jan 13, 2020
Rising elderly population and need for continuous patient monitoring have boosted the adoption of personal emergency response systems (PERS), globally. Technological advancements in mobile personal emergency response system devices such as automatic fall detection and medication reminder features are expected to fuel overall personal emergency response systems market growth during the forecast period. The growing adoption of smartphones by the geriatric population is one of the main factors that supports the introduction of software and applications, as such, enabling the growth of the personal emergency response systems market.
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White Button Mushroom Powder Market Value to Reach US$ 220 Mn by 2029; Notable Demand Being Witnessed in Functional Beverages Sector: PMR
Published On : Jan 10, 2020
North America has a large number of manufacturers of white button mushroom powder, while major companies offering white button mushroom powder are positioned in North America and the Asia Pacific. But as far as growth rate is concerned, South Asia and East Asia are projected to stand out in the global white button mushroom powder market in the coming years, mainly due to the increasing demand for flavor-enhanced food and beverage products as well as growing preference for dietary supplements in these regions, especially in India and China.
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Animal Drug Compounding Market to Benefit from Limited FDA-approved Animal Drugs; Global Revenue Surpasses US$ 1.5 Bn in 2019
Published On : Jan 10, 2020
Global demand for animal drug compounding is expected to significantly increase, owing to the unavailability of FDA-approved animal drugs. Compounded prescriptions for animal species are considered to be significantly higher than those for branded prescription drugs. For instance, in 2017, the U.S. FDA estimated that, 75,000 pharmacies in the U.S. fill 6,350,000 animal compounding prescriptions.
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Global Olive Oil Market to Reach US$ 20.4 Bn by 2029; Europe to Remain Highly Profitable, Finds PMR
Published On : Jan 09, 2020
The European Union is the leading producer, consumer, and exporter of olive oil across the globe. Europe is also the leading producer of olives, which makes it the most lucrative region for manufacturers in the global olive oil market. Additionally, the Asia Pacific region is expected to offer promising opportunities over the coming years.
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Smart Up-gradations to Shape Future of Water Pumps Market, Energy Efficiency to Take Center Stage: PMR
Published On : Jan 08, 2020
Various end-use industries, particularly chemicals, power, and oil & gas, are undertaking refurbishment activities of plants and various pumping systems to increase production efficiency. Growing demand for retrofitting, upgrades, and replacement of aging assets and industrial systems in developed regions is projected to drive the growth of the water pumps market during the forecast period (2019-2029).
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Sales of Gas Pressure Regulators Soar Steadily, Driven by Growing Implementation of Gas Pipeline Services in Residential & Commercial Facilities
Published On : Jan 08, 2020
Technologically-advanced gas pressure regulators find application in welding, brazing and heat-treatment, cutting, medical gas cylinders, and others. Manufacturers are also offering double-stage gas pressure regulators for industrial use to reduce unstable high pressure from the source to a lower usable delivery pressure.
As a result, utilization of gas pressure regulators in diverse industries is expected to surge. According to a research report released by Persistence Market Insights, the gas pressure regulators market is expected to witness 4% CAGR during the forecast period (2019-2029).
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Acupuncture Market to Gain Impetus from Rapid Adoption for Chronic Pain Treatment, Set for US$ 96 Bn Revenue by 2029
Published On : Jan 08, 2020
Global demand for acupuncture is expected to grow significantly owing to the growing prevalence of chronic diseases, rapidly changing lifestyles, and rising health complications among the geriatric population. Moreover, no severe side effects, reduced dependency on medication, and minimal invasive procedures are responsible for the increasing adoption of acupuncture therapies. Currently, acupuncture services are provided at 73% of National Cancer Institute (NCI), Comprehensive Cancer Centres in the U.S., and more than 1,300 physician acupuncturists are present in North America.
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Simulator Market to Reach US$ 21.4 Bn by 2029, on Back of Rising Adoption of Digital Simulation Technology
Published On : Jan 08, 2020
Increasing adoption of digital simulation technology such as web-based simulation and cloud-based simulation for e-Learning, online computer games, and medical education is significantly boosting the demand for simulators. Furthermore, the simulator market is anticipated to experience significant growth over the forecast period, owing to several factors such as use of simulation technology for advanced endovascular training, disaster management, and financial fraud detection, and increasing implementation of advanced 3D simulation technology for eRobotics.
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