Latest Publications

The European Market For Vertical Farming is expected to experience a robust growth rate of 21.6% CAGR throughout the forecast period. By the year 2030, it is projected that the market will reach a substantial size of USD 23.3 billion. the respective market was valued in 2023 was USD 10.6 billion. The Vertical farming technique helps the manufacturers in producing crops in vertically st . . .

The Smart Lighting Market is projected to witness significant growth, with an estimated value of USD 12.0 billion in 2023, expected to reach USD 32.0 billion by 2030. This market is experiencing remarkable growth, driven by the widespread adoption of cutting-edge technologies such as intelligent systems, IoT, real-time illumination monitoring, and advancements in connected lighting. Additionally, . . .

The Hospital Lighting Market is projected to witness substantial growth in the coming years. By 2030, it is anticipated to reach a valuation of USD 10.3 billion, with an estimated worth of USD 6.2 billion in 2023. The market is set to expand at a CAGR of 6.2% from 2025 to 2030. This growth can be attributed to the rising need for effective lighting solutions in hospitals. These solutions aim . . .

The Market For Grow Lights is projected to increase from $1.2 billion in 2023 to $5.6 billion by 2030, advancing at a CAGR of 19.8% from 2025 to 2030. The widespread use of indoor culture and vertical farming for the production of crops is expected to significantly contribute to the growth of the grow light industry worldwide. Grow light technology is very helpful in extending the . . .

The Thin-Film Encapsulation Market was valued at USD 1.2 billion in 2023 and is anticipated to reach USD 3.5 billion by 2030, growing at a CAGR of 15.1% during the forecast period 2025-2030. The thin-film encapsulation (TFE) is an emerging and evolving form of technology and the growth of this market is characterized by the implementation of flexible OLED displays for wearable devic . . .

The Global Market For Industrial Refrigeration is projected to achieve significant growth in the coming years. It is estimated to generate a revenue of USD 19.2 billion in 2023 and is expected to reach USD 26.1 billion by 2030, experiencing a strong compound annual growth rate (CAGR) of 4.8% during the forecast period. Industries across various sectors are increasingly adopting industrial r . . .

The global IoT sensors market currently is expected to grow from USD 7.84 billion in 2023 to reach USD 32.46 billion by 2030, at a CAGR of 22.6% during the forecast period 2025-2030. The Internet of Things (IoT) refers to the innovative technology that different devices build with a sensor to the internet. This creates an accessible network in the process with trillions of data points. The I . . .

The global lithium-ion battery market size was assessed at USD 54.4 billion in 2023 and is projected to grow at a CAGR of 12.8% during the forecast period, resulting in a market size of USD 127.7 billion by 2030.  Rechargeable lithium-ion batteries signify an advanced technology. The main component of these batteries is lithium ions and its electrochemistry provides excellent voltage and c . . .

The Global Market For Wearable Sensors is projected to achieve a significant milestone, reaching a value of USD 6.8 billion by 2030. This impressive growth is anticipated to be driven by a remarkable compound annual growth rate (CAGR) of 32.4% throughout the forecast period. Key factors contributing to this expansion include advancements in wearable sensing technology, wireless communication techn . . .

The Global Energy Harvesting System Market is projected to witness significant growth in the coming years. With an estimated value of USD 1.1 billion in 2023, the market is expected to reach USD 2.6 billion by 2030, reflecting a strong CAGR of 8.8% during the period of 2025-2030. This growth can be attributed to several factors, including the rising demand for durable, safe, and power-efficient sy . . .