New Scoops

The global  fuel cell market  size is expected to reach USD 33.09 billion by 2027, exhibiting a CAGR of 15.5% over the forecast period, according to a new report published by Grand View Research, Inc. The rise in demand for unconventional energy sources is a key factor driving the growth. North America accounted for the largest market share in 2019 and is projected to continue leading over the forecast period, due to the commercialization and adoption of  electric vehicles . However, Asia Pacific emerged as a growing market in terms of shipments. Rising demand for combined heat and power systems in is projected to drive the demand for fuel cell in the region. Power-based electricity generation is effective in minimizing emission of carbon dioxide or any other hazardous pollutants. Hence, fuel cell technology plays a vital role in dealing with environmental issues as well as encouraging the use of renewable carriers of energy. Ongoing product developments and innovation is...

The global  3D display market  size is expected to reach USD 430.1 billion by 2030, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 19.3% during the forecast period. Surging demand for enhanced imaging and viewing experience is estimated to be one of the key trends augmenting the market. The rising use of 3D technologies across a variety of applications in several industries is further expected to boost market growth. North America was the leading revenue contributor in 2021. However, it is projected that Asia-Pacific would witness significant growth and become the highest revenue-generating regional market by 2030. Robust growth of the entertainment and gaming industries, especially in Japan, China, and India, is poised to play a vital role in accelerating the adoption rate over the forecast period. The presence of major OEMs is contributing significantly to regional growth. Stereoscopic 3D products are useful in numerous applications including TVs...

The global  ceramic coating market  is expected to reach USD 19.19 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.8%, according to a new report by Grand View Research, Inc. This is due to the increasing utilization of automobile engine components and the aerospace & defense industry, which is projected to propel the market growth during the forecast period. Furthermore, ceramic coatings are being extensively used in the automobile and transportation industry, owing to their anti-corrosion properties and offering resistance to abrasion and heat. Ceramic coatings are also used for providing a finished polish look on the exterior body of cars slowly replacing wax. With growing research and development activities, ceramic coatings are venturing into wider application segments. Currently, automobiles and transportation are expected to be the largest application for ceramic coatings. However, with further product innovations, ceramic coating is likely to...

The global  supply chain analytics market  size is expected to reach USD 22.46 billion by 2030, registering a CAGR of 17.6% from 2022 to 2030, according to a new study by Grand View Research, Inc. Supply chain analytics is becoming popular as the demand for managing vast volumes of company data and its insights for strategic applications grows. As the demand for automation technologies and investment from technology developers grows, so does the demand for cognitive computing and  Artificial Intelligence (AI) . The growing awareness among businesses about the advantages of Supply Chain Analytics (SCA) in terms of improved visibility across the whole supply chain is fueling the demand for analytics solutions. The increased availability of cloud-based SCA solutions has triggered their demand among small & medium enterprises owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility & mobility offered by t...

The global  window covering market  size is expected to reach USD 60.16 billion by 2030, registering a CAGR of 7.6% during the forecast period, according to a new report by Grand View Research, Inc. Rising income levels, changing lifestyles, and the influence of other cultures have all contributed to increased consumer expenditure on home décor. Over the forecast period, all of these aspects are expected to present considerable growth possibilities to market vendors. Furthermore, with increasing urbanization and globalization, home décor has been gaining more prominence in developed countries, as well as emerging economies such as India, Brazil, and China. This scenario is boosting the demand for window coverings in the residential sector. Moreover, different technologies and improvements, such as sensor-based coverings, together with an increase in the number of  smart homes , provide growth potential. Window Covering Market Segmentation Grand View Research has segmented...

The global  computer aided engineering market  size is anticipated to reach USD 19.19 billion by 2030, registering a CAGR of 8.8%, according to a new report by Grand View Research, Inc. Rapid growth of the wearable industry is likely to increase the use of CAE software in the electronics industry. The major players in the market are in search of new sources of revenue as the  smartphone market  is in the maturity stage. As a result, the demand for wearable technology has increased the demand during the forecast period. The growing penetration of IoT, tablets, and smartphones is expected to boost the CAE market growth. Owing to the growth of IoT, wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment, and gaming, are increasing; paving way for the growth of the CAE market. Miniaturization of electronic devices and sensors and persuasive connectivity with lowered costs have immensely contributed to the growth of wearable tec...

The global  hospital gowns market  size is expected to reach USD 12.8 billion by 2030, registering a CAGR of 12.88%, according to a new report by Grand View Research, Inc. The rising incidence of Hospital Acquired Infections (HAIs), the impact of the COVID-19 outbreak, and the increasing number of surgical procedures are the key driving factors for the market growth. The global  healthcare industry  has faced a severe issue as a result of the COVID-19 pandemic. The SARS-CoV-2 pandemic has raised the demand for the emergency supplies, medicines, and medical equipment such as gowns, disinfection, and antiseptic products dramatically. The COVID-19 outbreak as well as rising hospital admissions around the world have considerably increased the demand for hospital gowns. Hospital Gowns Market Segmentation Grand View Research has segmented the global hospital gowns market based on type, usability, risk type, and region: Based on the Type Insights, the market is segmented in...