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Latest Press Releases
Asia-Pacific Nickel Cadmium Battery Market projected to decline $102.4 million in 2035
Published: Mar 2026
Asia-Pacific Nickel cadmium battery market valued at $109.1 million in 2025 and is projected to decline to $102.4 million by 2035, registering a negative CAGR of 0.8% during the forecast period (2026-2035). The market includes rechargeable Ni-Cd batteries used across aerospace, rail, consumer electronics, industrial equipment, healthcare equipment, and other niche applications. Despite their durability and reliability in extreme operating conditions, the market is witnessing structural decline due to rapid substitution by lithium-ion and nickel-metal hydride (NiMH) chemistries across the region. The regional market decline is largely influenced by tightening environmental regulations on cadmium usage, increasing sustainability commitments by manufacturers, and strong growth of lithium-ion production capacity across Asia-Pacific. Countries such as China, Japan, and South Korea dominate global lithium-ion manufacturing, accelerating the transition away from Ni-Cd technology.
Asia-Pacific Animal Vaccine Market to Reach $5,289.8 million in 2035, Growing at 8.0% CAGR
Published: Mar 2026
Asia-Pacific Animal vaccine market valued at $2,462.6 million in 2025 and is projected to reach $5,289.8 million by 2035, growing at a CAGR of 6.8% during the forecast period (2026-2035). The market encompasses preventive biological products developed for livestock and companion animals to control infectious diseases and improve productivity across food-producing and pet animal segments. The market is experiencing steady expansion driven by increasing livestock population, rising demand for animal protein, government-led disease control programs, and growing awareness regarding zoonotic disease prevention. Rapid urbanization and rising disposable income are also contributing to growth in companion animal vaccination. Moreover, technological advancements in vaccine delivery systems, combination vaccines, and improved cold chain infrastructure are strengthening regional market penetration.
Global Drug Testing Market Valued at $9.8 billion in 2025, Set to Grow at a 4.3% CAGR
Published: Mar 2026
Drug testing market was valued at $9.8 billion in 2025 and is projected to reach $14.8 billion by 2035, growing at a CAGR of 4.3% during the forecast Period (2026-2035). Regulatory approvals, such as FDA clearances, facilitate the adoption of validated testing technologies by ensuring standardization and enhancing trust in results, thereby promoting market growth across various sectors, including laboratories, hospitals, law enforcement, and treatment centers. For instance, in February 2026, FDA 510(k) the US Food and Drug Administration granted 510(k) clearance to a new clinical drug testing panel developed by Randox. The device, integrated into the Evidence MultiSTAT automated analyser, enables simultaneous detection of 15 drugs of abuse from urine samples in about 21 minutes, with pre?filled reagent cartridges and simplified operation aimed at improving clinical drug screening efficiency and accuracy.
Global Diesel Power Engine Market Valued at $17.6 Billion in 2025, Set to Grow at a 4.5% CAGR
Published: Mar 2026
Diesel power engine market was valued at $17.6 billion in 2025 and is projected to reach $26.9 billion by 2035, growing at a CAGR of 4.5% during the forecast Period (2026-2035). Increasing industrial and commercial activities are boosting the demand for reliable backup power. Standby diesel engines are increasingly used in facilities such as factories, data centers, hospitals, and commercial complexes to ensure uninterrupted operations during power outages, driving market growth. This trend is reflected in recent product developments that focus on enhancing efficiency, reliability, and ease of operation in standby diesel power applications. For instance, in August 2025, Caterpillar introduced the Cat D1500 diesel generator set delivering 1.5?MW standby power in a compact footprint. It features remote monitoring, automatic start during outages, and optional advanced energy control systems for efficient load management, ideal for backup power applications across industrial and commercial sites.
Global Consumer Cloud Storage Services Market Valued at $12.5 Billion in 2025, Set to Grow at a 9.2% CAGR
Published: Mar 2026
Consumer cloud storage services market was valued at $12.5 billion in 2025 and is projected to reach $30 billion by 2035, growing at a CAGR of 9.2% during the forecast Period (2026-2035). Increased demand for scalable consumer storage is fueled by high-throughput object storage, which allows service platforms to handle growing data volumes, including photos, videos, and app backups, alongside trends in digital content generation and multi-device synchronization. For instance, in February 2026, Backblaze introduced B2 Neo, a high-performance cloud object storage solution designed to empower neocloud platforms and their end users. The service enables cloud providers to offer scalable, enterprise-grade object storage with enhanced throughput and simplified integration, helping them quickly provide storage services to consumers and businesses without building backend infrastructure from scratch.
Global Baby Pram Market Valued at $2.0 Billion in 2025, Set to Grow at a 3.2% CAGR
Published: Mar 2026
Baby pram market was valued at $2.0 billion in 2025 and is projected to reach $2.7 billion by 2035, growing at a CAGR of 3.2% during the forecast Period (2026-2035). Funding for technological advancements, such as ergonomic designs and digital safety features, improves consumer appeal and differentiates products, contributing to market growth. For instance, in April 2025, UPPAbaby, a premium stroller brand, secured a significant investment of $50?million in a Series?C funding round led by TPG Growth to accelerate product innovation and global expansion efforts in the stroller and pram category.
Global Baby Crib Market Valued at $1.5 billion in 2025, Set to Grow at a 5.6% CAGR
Published: Mar 2026
Baby crib market was valued at $1.5 billion in 2025 and is projected to reach $2.5 billion by 2035, growing at a CAGR of 5.6% during the forecast Period (2026-2035). Wood plays a central role in the baby crib market due to its durability, stability, and aesthetic appeal. Wooden cribs provide a sturdy and safe sleeping environment for infants, often supporting adjustable mattress heights and convertible designs that grow with the child. They are available in various types of wood, finishes, and styles, making them versatile for different nursery themes. Additionally, wood is eco-friendly and long-lasting, contributing to consumer preference for sustainable, high-quality cribs that combine functionality with timeless design.
Global Automotive Lighting Market Valued at $34.0 billion in 2025, Set to Grow at a 3.4% CAGR
Published: Mar 2026
Automotive lighting market was valued at $34.0 billion in 2025 and is projected to reach $47.8 billion by 2035, growing at a CAGR of 3.4% during the forecast Period (2026-2035). Expansion of automotive lighting manufacturing capacity is driven by sustained growth in vehicle production and increasing demand from original equipment manufacturers across both passenger and commercial vehicle segments. As automakers scale output and diversify model portfolios, the need for reliable, localized supply of lighting systems has intensified, prompting investments in new production facilities within key automotive manufacturing hubs. These capacity additions help strengthen supply-chain efficiency, support just-in-time manufacturing, and enable faster integration of evolving lighting technologies.
Semiconductor Manufacturing Equipment Market to Reach $273.0 billion in 2035, Growing at 7.1% CAGR
Published: Mar 2026
Semiconductor manufacturing equipment market valued at $138.5 billion in 2025 and is projected to reach $273.0 billion by 2035, growing at a CAGR of 7.1% during the forecast period (2026-2035). The market encompasses advanced fabrication, assembly, and testing equipment used across semiconductor production facilities to manufacture integrated circuits and microelectronic components. These systems enable critical wafer processing, patterning, material deposition, and chip packaging operations that support the global electronics and semiconductor ecosystem. The market is witnessing strong global expansion driven by rising demand for advanced logic and memory chips, increasing semiconductor content in consumer electronics, automotive systems, artificial intelligence infrastructure, and high-performance computing platforms. Growth is further supported by multi-billion-dollar investments in new wafer fabrication facilities across Asia-Pacific, North America, and Europe, alongside government-backed semiconductor supply chain localization initiatives. Technological advancements in extreme ultraviolet (EUV) lithography, advanced packaging technologies, and next-generation materials processing are reinforcing long-term market growth.
VLSI Semiconductor Market Valued at $62.8 Billion in 2025, Set
Published: Mar 2026
VLSI semiconductor market was valued at $62.8 billion in 2025 and is projected to reach $103.1 billion by 2035, growing at a CAGR of 5.2% during the forecast Period (2026-2035). 5G technology and infrastructure are driving significant demand in the VLSI semiconductor market by requiring high-performance, energy-efficient chips for base stations, routers, and mobile devices. VLSI-based SoCs, FPGAs, and ASICs support advanced signal processing, low-latency communication, and high-speed data transfer critical for 5G networks. Additionally, the deployment of 5G across consumer electronics, automotive, and industrial applications is accelerating innovation in FinFET and GAA semiconductor technologies, reinforcing the importance of VLSI design and manufacturing.