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Latest Press Releases
Automotive Battery Market Set to Reach $221.9 Billion by 2035
Published: Apr 2026
Automotive battery market was valued at $110.5 billion in 2025 and is projected to reach $221.9 billion by 2035, growing at a CAGR of 7.3% during the forecast period (2026-2035). The global automotive battery market is witnessing unprecedented growth driven by widespread electrification and the accelerated phase-out of internal combustion engine (ICE) vehicles. The resulting surge in demand for lithium-ion traction batteries has prompted major manufacturers, including CATL, LG Energy Solution, Panasonic, and BYD, to expand gigafactory capacities to support multi-million electric vehicle (EV) production annually. This expansion reflects both the strategic importance of EV batteries for automakers and the critical role of large-scale battery production in meeting global electrification goals.
Air Quality Sensor Market to Reach $10.9 Billion by 2035 Driven by IoT Integration and Smart Monitoring Solutions
Published: Apr 2026
Air quality sensor market was valued at $5.1 billion in 2025 and is projected to reach $10.9 billion by 2035, growing at a CAGR of 7.9% during the forecast period (2026-2035). The global air quality sensor market is witnessing a significant transformation with the integration of IoT (Internet of Things) technology, enabling real-time monitoring and data-driven insights. Air quality sensors are increasingly embedded into IoT networks, allowing continuous collection, transmission, and remote analysis of critical environmental parameters. Modern systems employ wireless protocols such as LoRaWAN, NB-IoT, BLE, and MQTT, ensuring low-power consumption and wide-area coverage, making them highly suitable for smart city infrastructure. This integration facilitates enhanced urban planning, regulatory compliance, and public health monitoring by providing timely and actionable air quality data. Additionally, IoT-enabled indoor air quality devices are now capable of measuring carbon dioxide, temperature, and humidity, offering comprehensive insights into indoor environmental conditions. 
Adipic Acid Market to Reach $10.0 Billion by 2035 Driven by Shift Toward Bio-Based and Sustainable Production
Published: Apr 2026
Adipic acid market was valued at $6.2 billion in 2025 and is projected to reach $10.0 billion by 2035, growing at a CAGR of 11.4% during the forecast period (2026-2035). The global adipic acid market is witnessing a significant transformation driven by the shift toward bio-based and sustainable production pathways. Traditionally derived from petrochemical feedstocks, adipic acid manufacturing has been associated with high environmental impact, particularly due to emissions of nitrous oxide, a greenhouse gas with nearly 300 times the global warming potential of CO?. In response, industry participants are increasingly investing in bio-based production technologies that utilize renewable raw materials such as plant-based oils, lignocellulosic biomass, and industrial waste streams. These innovations are enabling a reduction in lifecycle carbon emissions by approximately 20–30% compared to conventional processes. 
European Solar Panel Market to Reach $127.8 Million by 2035 Amid Policy Support
Published: Apr 2026
European solar panel market was valued at $56.2 million in 2025 and is projected to reach $127.8   million by 2035, growing at a CAGR of 8.6% during the forecast period (2026–2035). The European solar energy market is undergoing a significant transformation driven by strong policy support and increasing focus on energy security. Rising climate commitments and electrification trends are further accelerating large-scale deployment across the region. The region achieved approximately 406 GW of installed solar PV capacity in 2025, up from 338 GW in 2024, reflecting rapid expansion and sustained annual installations of around 60–65 GW. This consistent growth highlights Europe’s transition from early adoption to mass-scale industrial deployment of solar energy. Europe is placing growing emphasis on local manufacturing of solar technologies to reduce reliance on imports, particularly from China, which currently accounts for a substantial share of photovoltaic module and cell supply. For instance, in March 2026,
APAC Rooftop Solar Panel Market to Reach $91.3 Billion by 2035 Driven by Government Policies
Published: Apr 2026
APAC rooftop solar panel market was valued at $41.5 billion in 2025 and is projected to reach $91.3 billion by 2035, growing at a CAGR of 8.3% during the forecast period (2026–2035). Governments across the globe are promoting solar energy as part of their strategies to combat climate change, reduce dependence on fossil fuels, and boost energy security. In nations such as China, clean energy accounts for an increasing share of GDP, rising from 7.2% in 2022 to 9.0% by 2023.  Without this contribution, China's GDP growth would have been much lower than the government's aim. The Chinese government has actively promoted the growth of a solar manufacturing industry.  Through initiatives including innovation funding, land fee and electricity bill exemptions, low-rate loans, tax credits, and grants, the government supported an industrial strategy.
CPO Market Size To Reach $2,887.0 Million By 2035
Published: Apr 2026
CPO market was valued at $131.40 Million in 2025 and is projected to reach $2,887.0 Million in 2035, growing at a CAGR of 36.2% from 2026 to 2035. The global Co-Packaged Optics market is undergoing a structural shift driven by the increasing limitations of traditional electrical interconnects in high-performance computing environments. As data processing demands continue to rise, particularly in AI and cloud-based workloads, there is a growing emphasis on integrating optical components closer to semiconductor chips. This transition is helping improve bandwidth density while reducing latency and power consumption at the system level. Semiconductor manufacturers and networking solution providers are increasingly focusing on advanced packaging approaches that combine optical and electronic elements within a unified architecture. Continuous innovation in silicon photonics and chip-level integration is further supporting this evolution.
European Industrial Air Compressors Market Size To Reach $15.7 Billion By 2035
Published: Apr 2026
European industrial air compressors market is projected to grow from $10.0 billion in 2025 and is projected to reach $15.7 billion by 2035, growing at a CAGR of 4.6% during the forecast period 2026-2035. The European industrial air compressor market is witnessing steady growth driven by increasing demand across various industrial sectors such as manufacturing, energy, and transportation. A key trend is the adoption of energy-efficient and low-emission compressors, as companies are focusing on reducing operational costs while complying with stricter environmental regulations. The shift toward automation and digitalization has also influenced the market, with more industries integrating smart monitoring systems and predictive maintenance tools to optimize performance and minimize downtime. Portable and modular compressors are gaining traction due to their flexibility in diverse operational environments, especially in construction and maintenance applications.
China Industrial Air Compressors Market Size To Reach $17.9 Billion By 2035
Published: Apr 2026
China industrial air compressors market is projected to grow from $9.4 billion in 2025 and is projected to reach $17.9 billion by 2035, growing at a CAGR of 6.6% during the forecast period 2026-2035. The China industrial air compressors market is experiencing steady growth driven by the modernization of manufacturing processes and increasing automation across various sectors. Industries such as automotive, electronics, and food processing are demanding reliable and energy-efficient compressed air solutions to support continuous production. The shift toward sustainable and low-emission technologies is influencing the adoption of advanced screw, centrifugal, and oil-free compressors. Additionally, government policies encouraging energy efficiency and industrial upgrading are contributing to the market’s expansion. Infrastructure development and urbanization are further supporting the demand for versatile and high-performance compressor systems.
Canada Industrial Air Compressors Market Size To Reach $530.1 Billion By 2035
Published: Apr 2026
Canada industrial air compressors market is projected to grow from $350.0 million in 2025 and is projected to reach $530.1 million by 2035, growing at a CAGR of 4.1% during the forecast period 2026-2035. The industrial air compressors market in Canada is experiencing steady growth driven by the increasing demand for reliable and energy-efficient compressed air systems across various industries. Sectors such as manufacturing, food processing, oil and gas, and energy generation are adopting advanced compressor technologies to optimize production and reduce operational costs. There is a clear shift toward energy-efficient and low-emission compressors, as companies seek to meet sustainability objectives and comply with environmental regulations. Technological improvements, including variable speed drives, intelligent monitoring, and automation, are also influencing purchasing decisions. Additionally, the need for portable and flexible solutions for temporary or remote operations is supporting the adoption of compact compressors.
Asia-Pacific Industrial Air Compressors Market Size To Reach $37.7 Billion By 2035
Published: Apr 2026
Asia-Pacific industrial air compressors market is projected to grow from at $20.5 billion in 2025 and is projected to reach $37.7 billion by 2035, growing at a CAGR of 6.3% during the forecast period 2026-2035. The Asia-Pacific industrial air compressor market is supported by sustained industrial expansion across major economies, where manufacturing activities continue to diversify and scale across multiple sectors. The increasing establishment of production facilities, particularly in automotive, electronics, and processing industries, has led to consistent demand for compressed air systems used in assembly, material handling, and operational processes. Infrastructure development and the expansion of construction and energy projects further contribute to equipment adoption, as compressed air remains essential for both installation and operational functions. In parallel, the growing integration of automation within industrial environments has increased reliance on stable and continuous air supply systems. Governments across the region are also encouraging domestic production and industrial self-reliance, indirectly supporting equipment demand. These factors collectively reinforce the region’s position as a key center for industrial equipment deployment.