Orion Market Research Pvt. Ltd. info@omrglobal.com +91 780-304-0404

Advancement in technologies enables to create modern day world led by introduction of new smart gadgets that have optimized business operations and eased lives. New technologies and development has significantly contributed in shaping modern day businesses and day to day activities through innovation, contentedness and R&D. Recent advance technology in domains such as automotive, healthcare, chemical and ICT have simplified complex business processes and enhanced time and cost efficiency.

Latest Press Releases
Policy-Driven Initiatives Accelerate Offshore Wind Market Expansion and Boost Renewable Energy Targets Globally
Published: Oct 2025
Offshore wind energy market was valued at $52.10 billion in 2024 and is projected to reach $249.32 billion by 2035, growing at a CAGR of 14.1% during the forecast period (2025–2035). Offshore wind capacity continues to develop, with the global capacity expected to reach about 83 GW by 2024.  This represents an opportunity to increase deployment and strengthen offshore wind's involvement in the global effort to triple renewable electricity capacity by 2030. Governments across the globe is actively advancing the offshore wind energy sector through policy-driven interventions and regulatory reforms. These initiatives are aimed at creating an enabling environment for project development, promoting investment, and supporting the country's long-term renewable energy goals. 
Global Push for Green Shipping Gains Momentum through Retrofits and Government Support
Published: Oct 2025
Electric ships market was valued at $4.02 billion in 2024 and is projected to reach $39.81 billion by 2035, growing at a CAGR of 21.2% during the forecast period (2025–2035). The retrofitting of older vessels to increase efficiency and lessen environmental impact has become a growing emphasis for shipbuilders globally. They aim to extend the lifespan while reducing emissions and adhering to more stringen environmental standards by equipping ships with contemporary technologies including electric propulsion systems, batteries, and hybrid engines. For instance, Gestione Navigazione Laghi, Italian inland ferry operator with its ambitious decarbonization program, installing hybrid-electric technology with the help of ABB. Navigazione operates 100 vessels on Italy’s three largest lakes Garda, Maggiore and Como. The most recent significant development in Navigazione Laghi's ongoing progress is the installation of a cleaner, more effective hybrid-electric propulsion system in place of the traditional diesel propulsion system on its 42-meter Lake Garda ferry, Adamello.  The shipyard Peschiera del Garda was the site of the refurbishment project.
Advancements in Bioceramic Implants through Additive Manufacturing Fuel the Market Growth
Published: Oct 2025
Bioceramics market was valued at $8.2 billion in 2024 and is projected to reach $15.8 billion by 2035, growing at a CAGR of 7.3% during the forecast period (2025–2035). Bioceramic implants made by additive manufacturing (AM), commonly known as 3D printing, are emerging as attractive therapy options for bone repair engineering. On the one hand, additively created bioceramic implants have superior mechanical qualities and biocompatibility, making them ideal for bone regeneration. In contrast, the designable structure and customizable porosity of additively created bioceramic implants enable them to stimulate appropriate cell development and tissue ingrowth.
Intersection of Diesel Dominance and Fuel Cell Bus Expansion Creates Opportunities for Bus Body Building Market Industry
Published: Oct 2025
Bus body building market was valued at $35.0 billion in 2024 and is projected to reach $79.6 billion by 2035, growing at a CAGR of 7.2% during the forecast period (2025–2035). Diesel buses, as significant contributors to urban air pollution and greenhouse gas emissions, have increasingly become a major environmental and public health liability. However, a substantial number of diesel buses continue to operate across the globe, owing to their established infrastructure, dependability, and cost-effectiveness.  Diesel engines have long been the standard for public and private bus fleets, many nations where alternatives such as electric or hybrid vehicles are still being developed. 
Strong Government Policy Support Drives Growth of the Solar Panel Market
Published: Oct 2025
Asia Pacific solar panel market was valued at $120.25 billion in 2024 and is projected to reach $710.58 billion in 2035, growing at a CAGR of 16.1% during the forecast period (2025-2035). 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. In 2023, in response to a downturn in the real estate sector, the federal government implemented a policy to encourage the use of solar electricity on empty and existing construction sites, boosting investment in the technology. Furthermore, rising demand in developing countries has enabled China to lower production prices.
Rising Adoption in Key Industries Drives Growth of MLaaS Market
Published: Oct 2025
MLaaS market was valued at $43.4 billion in 2024 and is projected to grow at a CAGR of 36.4% during the forecast period (2025-2035). As businesses around the globe adopt a more data-centric approach, machine learning is becoming increasingly important. MLaaS is being used across multiple sectors - including finance, healthcare, manufacturing, and education - to streamline workflows, make predictions, and automate processes. These cloud-based solutions are transforming how businesses analyze, interpret, and leverage large datasets, while also enhancing strategic decision-making and operational agility.
Rising Water Scarcity Drives the Water Treatment Chemicals Market Growth
Published: Oct 2025
Water treatment chemicals market was valued at $37.5 billion in 2024 and is projected to reach $74.2 billion by 2035, growing at a CAGR of 6.5% during the forecast period (2025–2035). Cooling water treatment employs advanced chemicals and technologies to maximize and safeguard cooling water systems in industrial processes, power plants, commercial facilities, and HVAC systems. The purpose is to ensure efficiency, safeguard equipment against scale, corrosion, fouling, and microbiological growth, and maintain regulatory and environmental compliance.
Public-Private Partnerships and Fundings Drive Global Waste Management Market Growth
Published: Oct 2025
Waste management market was valued at $524.6 billion in 2024 and is projected to reach $2,798.7 billion by 2035, growing at a CAGR of 16.5% during the forecast period (2025–2035). Public-private partnerships and global funding initiatives are playing a crucial role in strengthening waste management infrastructure and driving market growth. These collaborations not only enable financial support but also accelerate the adoption of advanced technologies and sustainable practices.
Government Policies and Funding Drive the Sustainable Manufacturing Market Growth
Published: Oct 2025
Sustainable manufacturing market was valued at $220.8 billion in 2024 and is projected to reach $419.2 billion by 2030 and $749.4 billion in 2035, growing at a CAGR of 11.8% during the forecast period (2025–2035). The market growth is primarily attributed to government policies and funding that promote green manufacturing and net-zero goals. For instance, in June 2025, the UK is set to become a global leader in sustainable manufacturing with the launch of four new research hubs, supported by a $47.6 million investment from the Engineering and Physical Sciences Research Council (EPSRC). The centers were concentrated in industrial transformation areas of opportunity for re-skilling the UK's workforce and making supply chains more resilient. The IGNITE Hub, with Swansea University as its lead institution, is concentrating on green steel, AI-manufacturing, and plastics.
Government Incentives & Support Fuel the Sodium Ion Battery Market Growth
Published: Oct 2025
Sodium-ion battery market was valued at $470 million in 2024 and is projected to reach $3,380 million in 2035, growing at a CAGR of 19.8% during the forecast period (2025–2035). Public investments are boosting R&D and domestic manufacturing capabilities, fueling market growth fueled by government support and incentives. For instance, in June 2024, Unigrid secured $12?million in a Series?A led by Transition VC and Ritz Venture Capital (with participation from Union Square and Foothill Ventures) to advance its sodium?ion battery technology engineered for data centers. The funding supports scaling up MWh?level production using a proprietary sodium?chromium?oxide/tin chemistry that matches lithium?ion in size, power output, and control system compatibility.