Industrial mezzanines are the simple artificial floor constructed inside the building infrastructure in order to expand the existing working space. Industrial mezzanines serve as a vital tool in effective utilization of unused vertical space available in manufacturing units.
Fuel management systems are designed to effectively manage and control utilization of fuel among transportation and construction industries. Fluctuating fuel prices and increasing penetration of fossil fuel vehicles worldwide are expected to set high demand for fuel management systems over the following years.
The oncology biosimilars market stood at US$ 3520.9 Mn in 2021 and projected to exhibit a double-digit compound annual growth rate (CAGR) of 28.3% during the forecast period from 2025 to 2033. According to U.S. Food and Drug Administration, biosimilars are biological medicines that contain a highly similar version of the active substance of an already approved biologic, commonly referred to as the reference product.
Extended warranty market expected to grow at a CAGR of 6.2% from 2021 to 2029 and reach US$ 59.53 Bn in 2029. Growing penetration of high-end smartphones, tablets and laptops among consumers is one of the primary factors governing the growth for extended warranty market for consumer electronics.
Woodworking machines market is set to exhibit a considerable growth from US$ 4.23 Bn in 2017 to US$ 5.85 Bn in 2026 growing at a steady CAGR of 3.7% throughout the forecast period from 2018 to 2026. Several end-use industries including furniture, craft, building construction, and marine among others extensively use wood in different forms. Woodworking machines are the medium that is used to cut, process, shape and assemble wood into purposeful final products for the aforementioned industries. Woodworking claims a considerable share for more than 60% in the global furniture industry having market value of more than US$ 400 Bn.
The overall enterprise social networks & online communities market expected to demonstrate double digit CAGR during the forecast period from 2018 to 2026, up from US$ 2,562.3 Mn in 2017. Enterprise social networks and online communities have significantly enhanced internal collaboration among the employees due to ease of information sharing and communication.
The global anti-money laundering software market is driven by rising number of financial fraudulent activities worldwide. The market is set to hit US$ 4,173.9 Mn by 2029, expanding at a CAGR of 12.5% during the forecast period from 2021 to 2029. Advancements in technology and consequent improvements in financial services are facilitating prompt and effortless money transactions across the world. On the contrary, these advances have exposed banks and other financial institutions to the risk of money laundering.
The surface acoustic wave (SAW) filters market encompasses the development, manufacturing, and distribution of electronic components that use acoustic waves traveling along the surface of a material to filter specific frequencies of signals. These filters are critical in a wide range of applications, including telecommunications, consumer electronics, automotive, and industrial sectors, where they help manage signal interference and enhance communication clarity.
Patient access solutions comprise the use of components such as software, hardware, and services that offer healthcare IT solutions for doctors or healthcare professionals, hospitals, clinics, insurance payers, etc. The presence of regulatory compliance & government regulations in healthcare, and the globally surging patient base coupled with rising demand for health insurance is expected to majorly drive the market growth. In addition, extensive applications in insurance denial management, favorable government initiatives, declining reimbursement rates in healthcare, and increasing need to curb healthcare expenditure across the world is anticipated to support the market growth.
The global LED tube lights market was valued at US$ 3,705.0 Mn in 2017 and is expected to cross US$ 13,000.0 Mn by 2026, at a CAGR of 15.2% during the forecast from 2018 to 2026. Millions of LED tube lights have been installed globally ever since the first time it was introduced a few years back. Though in that relatively short period of time, the LED tube lights have undergone several changes and surely we can count on more changes ahead. On account of its high energy efficiency, LED lights have been increasingly finding application on a large scale in offices, commercial developments and industrial operations in order to attain more cost-savings.
