Lumber equipment market expected to exhibit a growth with a CAGR of 3.72% across the forecast period from 2021 to 2029. Lumber equipment used to manufacture wooden products with greater precision, quality and scale than manual processing. Lumber equipment are extensively used in pulp & paper, construction, timber factories & sawmills and other industries.
The global lighting control systems market is expanding at a CAGR of 14.2% during the forecast period from 2021 to 2029. The growth of this market is mainly credited to the increasing awareness about energy conservation worldwide. Efficient lighting is undervalued as a tool to achieve substantial energy savings.
The global electrophoresis equipment and supplies market accounted for a value of US$ 1,957.4 Mn in 2020 and expected to attain US$ 2,891.5 Mn by 2029. Factors characterizing the market growth are worldwide rising prevalence of cancer, genetic disorders, and infectious diseases, increasing research activities coupled with funding in the proteomics and genomics fields, surging number of industry-academic research institutes collaborations, and growing focus on next-generation sequencing (NGS) research activities. Furthermore, changing regulatory requirements in the healthcare sector and mounting need to curb healthcare expenditure across the world are likely to nurture the market growth.
The smart speakers market was valued at US$ 4.30 Bn in 2020 and expected to grow at a CAGR of 26.4% during the forecast period from 2020 to 2029. A smart speaker may be defined as a wireless audio playback device that uses several types of connectivity for additional functions. Technically, a speaker capable of anything beyond just emitting sound can be labelled as ‘smart’. What makes smart speakers different from normal speakers is the fact that it comes with special features that facilitates connectivity to multiple types of audio sources, ease of use and provide additional functionality.
Wide choices of making life easier for users by developing technologies are increasing the demand for smart buildings day by day. Therefore, smart facilities with advanced security measures has become a major driving factor for RFID electronic locks market. The market set to grow with significant CAGR during the forecast period from 2018 to 2026, accounted for US$ 3.25 Bn in 2017.
MEMS accelerometers market set to grow with promising CAGR of 4.8% during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, MEMS accelerometers market majorly driven by wide application area of these accelerometers. Since its invention in 1979, MEMS accelerometers have found wide application area across various end-users.
Similar to the conventional prosthetics, neural prosthesis or neuroprosthesis are devices that restore or replace the function or a damaged part of the nervous system. Some of such neuroprostheses such as cochlear implant restore the sensory input with simulation to the nervous system. Retinal implant is another breakthrough sensory neuroprosthesis.
The global proteomics market held US$ 19.81 Bn in 2020 and expected to grow at compound annual growth rate (CAGR) of 10.4% during the forecast period from 2021 to 2029. The market is fueled by the growing importance of sensitive and accurate diagnosis offered by proteomics in personalized medicine. Detailed study of proteins provides superior understanding and opportunities for the development of drugs that can target disease pathways more efficiently.
The oil & gas analytics software market was valued at US$ 2.34 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 17.5% from 2018 to 2026. Just like other industries, the oil and gas industry needs to understand how big data can be optimally used and what applications are possible.
The cosmetic implants market is set to reach US$ 19,337.3 Mn by 2029 from US$ 9,836.4 Mn in 2020 performing steadily at a compounded annual growth rate (CAGR) of 7.8% during the forecast period from 2021 to 2029. According to International Society of Aesthetic Plastic Surgery (ISAPS) 2019 statistics, women continued to dominate the demand for cosmetic surgery with 20,362,655 surgeries performed throughout the globe accounting for 86.2%. The most popular cosmetic surgeries performed were liposuction, breast augmentation, eyelid surgery, abdominoplasty and breast lift.
