The global industrial explosion protection market is expected to grow at a CAGR of 6.6% during the forecast period from 2023-2031. The rising demand for food, metal, oil & gas, and energy is the primary factor that is expected to contribute to the expansion of the industrial explosion protection market over the period of the forecast, 2023-2031.
The global market for industrial cameras is projected to expand at a CAGR of 6.5% during the forecast period of 2023 to 2031. The worldwide industrial camera market is being propelled by the expansion of manufacturing and automation activities across several industry verticals. Industrial camera systems are commonly used in factory automation for inspection purposes.
The global market for metrology systems is anticipated to grow at a CAGR of 11.5% during the forecast period of 2023 to 2031. Due to technological advancements and a greater demand for precision, metrology systems are projected to experience substantial growth. To perform metrology functions more efficiently and effectively, automated processes and systems are being developed, and automation is expected to become more prevalent in metrology systems.
Lithium-air batteries are electrochemical batteries that oxidize lithium at the anode and reduce oxygen drawn from the surrounding air at the cathode. Lithium-air batteries utilize ambient air, which reduces the battery's weight and volume, resulting in a greater energy storage capacity than lithium-ion batteries. Increasing renewable energy sources and the need for energy storage systems are two of the key factors driving the global lithium-air battery market.
The global market for lithium silicate market is expected to grow at a CAGR of 3.2% during the forecast period of 2022 to 2031. During the forecast period, revenue growth on the global lithium silicate market is anticipated to be driven by the construction industry. As an architectural coating, lithium silicate is widely used in the construction industry. Population growth is anticipated to increase global demand for housing units, thereby bolstering market statistics.
The global market for lateral flow assays is anticipated to expand at a CAGR of 2.2% during the forecast period of 2023 to 2031. The high prevalence of infectious diseases worldwide, the rapid development of the elderly population, the rising need for point-of-care testing, and the increasing use of home-based lateral flow assay equipment are the primary factors driving the expansion of this market. On the other hand, doctors' and patients' unwillingness to adapt existing diagnostic processes, as well as the low accuracy of lateral flow assays, are the primary obstacles.
The Langasite market is projected to increase at a CAGR of 6.5% during the forecast period of 2023 to 2031. The creation of laser devices, surface acoustic wave (SAW) devices, bulk acoustic wave (BAW) devices, high-efficiency broadband frequency devices, and other types of electronic devices all make extensive use of langasite, which is one of the most common types of radio frequency devices.
The global kraft paper machine market is projected to grow at a CAGR of 6.5% during the forecast period of 2023 to 2031. The kraft fiber line system is utilized by kraft paper mill machines to produce pulp from wood fibers or recycled papers. This pulp is used to manufacture kraft papers and other kraft paper products, such as paper cups, paper plates, and other decorative items.
The global market for kids’ storage furniture is projected to expand at a CAGR of 20% during the forecast period of 2023 to 2031. In lieu of purchasing new homes, customers are increasingly engaging in home maintenance and remodeling projects as property prices rise. As a result of increased property values, homeowner equity has doubled, indicating a trend of homeowners being wealthier and more likely to invest in home repair projects.
The market for ischemia-reperfusion injury therapeutics is anticipated to expand at a CAGR of 6.2% during the forecast period of 2023 to 2031. Reperfusion injury, also known as Ischemia-Reperfusion Injury, is the tissue damage that occurs when blood supply returns to ischemic tissue. Increased tissue damage and fluid filtration across the tissue are the primary factors driving the market's expansion.
