Press Release

According to a market report by Lucintel, the future of the metal deactivator market looks promising with opportunities in the gasoline, middle distillates, jet fuel, turbine, diesel, wire and cable insulation, heating oil, grease, and hydraulic oils applications. The global metal deactivator market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are growing need for metal deactivators to minimize fuel and lubricant degradation, growing demand for wind …

According to a market report by Lucintel, the future of the portable fan market looks promising with opportunities in the residential, commercial, and industrial market. The global portable fan market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are rise in demand for portable devices, rapid urbanization in emerging economies, and growth in outdoor sports activities. In this market, table fans and tower fans are the major …

According to a market report by Lucintel, the future of the diabetes device market looks promising with opportunities in the hospitals, homecare, and diagnostic centers. The global diabetes device market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing prevalence of obesity and diabetes, growing health consciousness and awareness regarding diabetes, development of advanced diabetes devices, and increasing adoption of insulin delivery devices. In this market, …

According to a new market report published by Lucintel, the future of the global food safety testing market looks promising with opportunities in various end use industries, which are dairy products, food grains, meat, poultry, & seafood, fruits & vegetables, processed foods, and beverages. The global food safety testing market is expected to reach an estimated $6.7 billion by 2027 with a CAGR of 6.3% from 2022 to 2027. The major drivers for this market are growing incidence of foodborne …

According to a market report by Lucintel, the future of the surgical laser market looks promising with opportunities in the cardiology, dental, dermatology, gynaecology, ophthalmology, and oncology applications. The global surgical laser market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are increasing prevalence of chronic diseases, technological advancements in surgical lasers, and increasing occurrence of targeted diseases. In this market, carbon dioxide (CO2) lasers, argon lasers, …

According to a market report by Lucintel, the future of the high-speed aircraft and missile composite material market looks promising with opportunities in the defense and commercial markets. The global high-speed aircraft and missile composite material market is expected to grow with a CAGR of 2% to 4% from 2023 to 2028. The major drivers for this market are increasing defense spending on hypersonic and supersonic aircraft and missiles and growing requirement for better operational efficiency driving the demand for …

According to a market report by Lucintel, the future of the metal recycling market looks promising with opportunities in the building and construction, automotive, packaging, shipbuilding, electronics and electrical equipment industries. The global metal recycling market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are increase urbanization and industrialization across the globe, increasing consumer awareness regarding depleting metal reserves and growing demand for steel. Ferrous metal and …

According to a market report by Lucintel, the future of the sodium hydroxide market looks promising with opportunities in the biodiesel, alumina, inorganic chemicals, organic chemicals, food, pulp & paper, soap & detergent, textiles, and water treatment applications. The global sodium hydroxide market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are growing construction activities of both residential and non-residential infrastructure across the world and growing use …

According to a market report by Lucintel, the future of the hydrogen fuel cell train market looks promising with opportunities in the passenger train, and freight train market. The global hydrogen fuel cell train market is expected to grow with a CAGR of 28% to 30% from 2023 to 2028. The major drivers for this market are increasing railway infrastructure and transportation industry growth, surge in environmental concerns, and rise in demand for public transport services. , Proton exchange membrane …

According to a new market report by Lucintel, the future of the polymer in fuel cell market looks promising with opportunities in seal, membrane, and binder markets. The global polymer in fuel cell market is expected to grow with a CAGR of 15% to 17% from 2023 to 2028. The major drivers for this market are increasing research and development (R&D) activities in the field of fuel cell, government incentives and policies, and increase in demand for clean energy. In …

According to a market report by Lucintel, the future of the astaxanthin market looks promising with opportunities in the dietary supplement, personal care, pharmaceuticals, food & beverages, and animal feed applications. The global astaxanthin market is expected to grow with a CAGR of 8% to10% from 2023 to 2028. The major drivers for this market are growing health awareness among consumers, increasing demand for naturally sourced supplements, and change in consumer lifestyle and growing geriatic population. Synthetic and natural are …

According to a new market report by Lucintel, the future of the global automotive bearing market looks promising with opportunities in the passenger car, commercial vehicle and two-wheeler markets. The global automotive bearing market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are increasing focus of OEMs toward reduction of vehicle weight, rise in automobile production along with sales, and increasing demand for technologically advanced solutions. In …

According to a new market report by Lucintel, the future of the global automotive windshield market looks promising with opportunities in the passenger car, light commercial vehicle and heavy commercial vehicle markets. The global automotive windshield market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are rising sales and production of the vehicle, higher demand in aftermarket, and increasing use of windshield for advanced display technologies. Tempered …

According to a market report by Lucintel, the future of the water electrolysis market looks promising with opportunities in the chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, and steel plant markets. The global water electrolysis market is expected to grow with a CAGR of 32% to 34% from 2023 to 2028. The major drivers for this market are growing demand for hydrogen fuel cell vehicles, rising demand of carbon-free source of energy, and increasing usage of water electrolysis in …

According to a market report by Lucintel, the future of the hydrogen fuel cell market looks promising with opportunities in the stationary, transportation, and portable applications. The global hydrogen fuel cell market is expected to grow with a CAGR of 21% to 23% from 2023 to 2028. The major drivers for this market are increase in subsidy policy by the central and local governments on electric vehicles, increasing production of hydrogen fuel-cell vehicles, and various initiatives taken by the governments …

According to a market report by Lucintel, the future of the hydrogen generation market looks promising with opportunities in the petroleum refinery, ammonia production, methanol production, transportation, and power generation applications. The global hydrogen generation market is expected to grow with a CAGR of 10% to 12% from 2023 to 2028. The major drivers for this market are increasing hydrogen consumption in fuel cell electric vehicles and strict regulation for hazardous gas emission. Blue hydrogen, green hydrogen, and grey hydrogen …

According to a market report by Lucintel, the future of the high-performance material market looks promising with opportunities in the construction, automotive, electrical, and food & beverage applications. The global high-performance material market is expected to grow with a CAGR of 9% to 11% from 2023 to 2028. The major drivers for this market are high-quality components demand from designers are increasing, rising demand in end-use sectors, and increasing number of manufacturers and suppliers in the fluid handling industry. Films, …

According to a market report by Lucintel, the future of the hydrogen power engine market looks promising with opportunities in the passenger vehicle and commercial vehicle market. The global hydrogen power engine market is expected to grow with a CAGR of 10% to 12% from 2023 to 2028. The major drivers for this market are growing demand for fuel cells electric vehicle (FCEV), government initiatives encouraging the adoption of fuel cell vehicles, and increase in demand for passenger transportation. In …

According to a market report by Lucintel, the future of the high precision asphere market looks promising with opportunities in the automotive, camera, mobile phone and tablets, and optical instrument applications. The global high precision asphere market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are increasing installation of high precision asphere in mobile phones and automobiles, growing demand for distance detectors and transmitters, and increasing penetration …

According to a market report by Lucintel, the future of the electric vehicle charging infrastructure market looks promising with opportunities in the commercial and residential markets. The global electric vehicle charging infrastructure market is expected to grow with a CAGR of 30% to 32% from 2023 to 2028. The major drivers for this market are growth in the sale of electric vehicles globally and increasing awareness about environmental sustainability due to rising levels of carbon emissions and other harmful gases. …

According to a market report by Lucintel, the future of the metal additive market looks promising with opportunities in the aerospace, healthcare, tools and mold, and automobile applications. The global metal additive market is expected to grow with a CAGR of 18% to 20% from 2023 to 2028. The major drivers for Metal Additive market are increasing advancement of metal additive manufacturing technologies, and increasing consumption of metal additives in consumer electronics. In this market, selective laser melting (SLM), electron …

According to a new market report by Lucintel, the future of the global automotive seat belt pretensioner market looks promising with opportunities in the passenger car and commercial vehicle markets. The global automotive seat belt pretensioner market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are increasing vehicle production and growing safety concerns as a result of rise in accidents and government initiatives. Retractor pretensioner and buckle …

According to a new market report by Lucintel, the future of the global electric three wheeler market looks promising with opportunities in the passenger carrier and goods carrier market. The global electric three wheeler market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are stringent government norm for pollution control, increasing concerns towards environment pollution, and increase in adoption of electric vehicles. Lithium-ion battery and lead acid …

According to a market report by Lucintel, the future of the soft magnetic composites market looks promising with opportunities in the automotive, industrial machinery & equipment, consumer goods, and power generation industries. The global soft magnetic composites market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are growing demand for axial flux motors as an application in electric vehicles and rise in the demand for high-performance industrial …

According to a new market report by Lucintel, the future of the global SiC based power electronics and inverter market looks promising with opportunities in the automotive, consumer electronics, IT & telecommunications, aerospace & defense and others market. The global SiC based power electronics and inverter market is expected to grow with a CAGR of 21% to 23% from 2023 to 2028. The major drivers for this market are emergence of advanced technologies combined with introduction of new regulations and …

According to a market report by Lucintel, the future of the automotive electronic market looks promising with opportunities in the ADAS, infotainment, body electronics, safety systems, and powertrain electronics market. The global automotive electronic market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are introduction of autonomous cars and increasing adoption of advanced safety systems, such as parking assistance systems, airbags, and lane departure systems. In this …

According to a market report by Lucintel, the future of the heated tobacco product (HTP) market looks promising with opportunities in the online and offline markets. The global heated tobacco product market is expected to grow with a CAGR of 50% to 52% from 2023 to 2028. The major drivers for this market are increasing awareness about the use of no smoke tobacco products and presence of low level of nicotine and chemical products. In this market, stick and leaf …

According to a market report by Lucintel, the future of the UAV propulsion system market looks promising with opportunities in the military and civil, commercial, and consumer market. The global UAV propulsion system market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing use of UAV system by defense forces in border monitoring, digitization and integration of AI with UAV propulsion systems, and expanding opportunities in …

According to a market report by Lucintel, the future of the electric VTOL (eVTOL) aircraft market looks promising with opportunities in the fully electric, hybrid electric, and hydrogen-electric market. The global electric VTOL (eVTOL) aircraft market is expected to grow with a CAGR of 15% to 17% from 2023 to 2028. The major drivers for this market are rise in demand for green energy and noise-free aircraft and increasing penetration of eVTOL aircraft for cargo applications. Vectored thrust, multirotor, and …

According to a new market report published by Lucintel, the future of the global waste or garbage collection vehicle market looks promising with opportunities in the light duty vehicle, medium duty vehicle and heavy duty vehicle markets. The global waste or garbage collection vehicle market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing amount of waste globally, rising concerns regarding public health, and growing government’s …

According to a new market report by Lucintel, the future of the global continuously variable transmission market looks promising with passenger cars, light commercial vehicles, heavy commercial vehicles and other market. The global continuously variable transmission market is expected to grow with a CAGR of 5% to 7% from 2022 to 2027. The major driver for this market are increase in demand for eco-friendly vehicles, durability and requires lower maintenance than their counterparts, and offers more useable power and consumes …

According to a market report by Lucintel, the future of the brain implant market looks promising with opportunities in various applications, such as chronic pain, epilepsy, parkinson’s disease, depression, essential tremor, and alzheimer’s disease. The global brain implant market is expected to grow with a CAGR of 9% to 11% from 2023 to 2028. The major drivers for this market are increasing prevalence of neurological disorders, increasing inclination towards the availability of better treatment system, and growing ageing population. In …

According to a market report by Lucintel, the future of the underwater concrete market looks promising with opportunities in various applications, such as hydro projects, marine constructions, metro projects, and underwater repair systems. The global underwater concrete market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are increasing need for repair and maintenance of the existing underwater structures, increasing spending of governments to increase operational efficiency and …

According to a market report by Lucintel, the future of the calcium nitrate market looks promising with opportunities in various applications, such as fertilizers, wastewater treatment chemicals, concrete manufacturing, and explosives. The global calcium nitrate market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are increase in demand from agro-chemicals, rapid growth of the water and waste water treatment chemicals sector, and increase in geriatric population. In …

According to a market report by Lucintel, the future of the industrial dispensing system and equipment market looks promising with opportunities in the automotive, personal care, pharmaceutical, and food & beverage market. The global industrial dispensing system and equipment market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are rapidly increasing downstream industries such as oil and gas industry, growing influence of robotics & smart technology, and …

According to a market report by Lucintel, the future of the green building material market looks promising with opportunities in the residential and non-residential market. The global green building material market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing building construction & renovation activities, growing government regulations, and initiatives to implement environmentally sustainable & energy-efficient building standards. In this market, exterior, interior, and structural are …

According to a market report by Lucintel, the future of the methyl cellulose market looks promising with opportunities in various applications, such as food & beverages, construction materials, paint & coatings, pharmaceuticals, and personal care & cosmetics. The global methyl cellulose market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing demand for methyl cellulose from the construction and food industries, huge investment in building & …

According to a market report by Lucintel, the future of the mobile cobot market looks promising with opportunities in the automotive, electronics & electrical, metals & machining, food & beverage end use industries. The Global mobile cobot market is expected to grow with a CAGR of 25% to 27% from 2023 to 2028. The major drivers for this market are increasing investment in automation by various industries, rise in the adoption of artificial intelligence with modern robots & cobots, and …

According to a market report by Lucintel, the future of the e-commerce logistics market looks promising with opportunities in the transportation and warehousing sectors. The global e-commerce logistics market is expected to grow with a CAGR of 16% to 18% from 2023 to 2028. The major drivers for this market are increase in international e-commerce activities, acceptance of advanced technologies in logistic services, and increasing internet penetration in developing countries. In this market, transportation and warehousing are the major segments …

According to a market report by Lucintel, the future of the digital radiography market looks promising with opportunities in the chest imaging, cardiovascular imaging, dental, orthopedic, and mammography applications. The global digital radiography market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major drivers for this market are growing number of cancer and dental disorder diseases, rise in incidence of sports-related injuries, and rising geriatric population. Direct radiography and computed radiography are …

According to a market report by Lucintel, the future of the 4D printing market looks promising with opportunities in the medical, aerospace & defense, automotive, and textile markets. The global 4D printing market is expected to grow with a CAGR of 40% to 42% from 2023 to 2028. The major drivers for this market are growing adoption of 4D printing technology in the healthcare sector and need for reduction in manufacturing & process cost. Programmable carbon fiber, programmable wood-custom printed …

According to a market report by Lucintel, the future of the operational technology (OT) security market looks promising with opportunities in the BFSI, manufacturing, energy & power generation, and oil & gas industries. The global operational technology (OT) security market is expected to grow with a CAGR of 15% to 17% from 2023 to 2028. The major drivers for this market are initiatives taken by governments toward digitalization, increased regulatory requirements, and rise in cyberattacks on OT infrastructure. Cloud and …

According to a market report by Lucintel, the future of the eGRC market looks promising with opportunities in the construction & engineering, energy & utility, BFSI, retail & consumer goods, transportation & logistics, and IT & telecom industries. The global eGRC market is expected to grow with a CAGR of 13% to 15% from 2023 to 2028. The major drivers for this market are increase in stringent compliance mandates, integration of AI/ML (artificial intelligence and machine learning) & blockchain technologies …

According to a market report by Lucintel, the future of the hearth market looks promising with opportunities in the residential and non-residential market. The global hearth market is expected to grow with a CAGR of 7% to 9% from 2023 to 2028. The major drivers for this market are rise in the need for aesthetically appealing fireplaces and increasing demand for the hearth system inside the hospitality sector. In this market, wood, electricity, pellet, and gas are the major segments …

According to a market report by Lucintel, the future of the FLT3 inhibitor market looks promising with opportunities in the midostaurin, gilteritinib, and sorafenib markets. The global FLT3 inhibitor market is expected to grow with a CAGR of 14% to 16% from 2023 to 2028. The major drivers for this market are introduction of novel products, increasing incidence of acute myeloid leukemia, and rising frequency of clinical trials. In this market, type 1 FLT3 inhibitor and type 2 FLT3 inhibitor …

According to a market report by Lucintel, the future of the remote workplace service market looks promising with opportunities in the telecommunication, IT & ITeS, manufacturing, retail & consumer goods, media & entertainment, healthcare & life sciences, and government & public sectors. The global remote workplace service market is expected to grow with a CAGR of 23% to 25% from 2023 to 2028. The major drivers for this market are growing adoption of enterprise mobility, growing use of remote workspace …

According to a market report by Lucintel, the future of the smart patch market looks promising with opportunities in the clinical and non-clinical applications. The global smart patch market is expected to grow with a CAGR of 21% to 23% from 2023 to 2028. The major drivers for this market are the increasing occurrence of chronic as well as lifestyle associated diseases, expanding inclination towards personal fitness, and growing geriatric population. Transdermal transmission, electronic stimulation, and monitoring are the major …

According to a market report by Lucintel, the future of the cryostat market looks promising with opportunities in the healthcare, energy & power, aerospace, metallurgy, biotechnology, forensic science, and marine biology sectors. The global cryostat market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are high demand for effective healthcare services and increasing applications of cryogenics in energy & power and aerospace market. In this market, closed-cycle …

According to a market report by Lucintel, the future of the ethylbenzene market looks promising with opportunities in the packaging, electronics, construction, automotive, agriculture sector. The global ethylbenzene market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are increasing applications in styrene production, increase in the need for plastic polymers and synthetic rubbers, and expansion of the petrochemical industry. In this market, styrene, gasoline, diethylbenzene, natural gas, …

According to a market report by Lucintel, the future of the shape memory material market looks promising with opportunities in the aerospace, automotive, robotics, and healthcare & medical sectors. The global shape memory material market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are increasing demand of shape memory material in aircraft components, consumer electronics, surgical instruments, and biomedical devices. In this market, alloy and polymer material …