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Latest Press Releases
LiDAR Drones: Enabling Modern Solutions in the Construction Industry
Published: Jun 2025
LiDAR Drones market is anticipated to grow at a CAGR of 19.2% during the forecast period (2025-2035). Rising demand for precision geospatial data in infrastructure, agriculture, and environmental conservation is the key driving factor for the LiDAR market. The expansion in advancements in sensor technology, regulatory support for commercial drone usage, and private sector initiatives further propel the market growth.
Revolutionizing Heavy Lifting: Advanced Mobile Cranes Set to Propel Market Growth
Published: Jun 2025
Mobile crane market was valued at $14,890 million in 2024 and is projected to reach $30,300 million by 2035, growing at a CAGR of 6.7% during the forecast period from 2025 to 2035. One of the key factors that is driving the market includes the rising government and private sector initiatives to secure large funds in constructing new commercial and residential buildings and public infrastructure across the globe, thus contributing to the growth of the construction industry.
Optical Genome Mapping Technology Revolutionizing Genomic Research and Clinical Diagnostics
Published: Jun 2025
Optical genome mapping market, estimated at $132 million in 2024, is projected to grow to $1.5 billion with a CAGR of 23.9% during the forecast period (2025–2035). Optical genome mapping used in the field of molecular cytogenetics has the potential to replace conventional testing methodologies in clinical diagnostics. The growing adoption of cytogenetic/molecular genetics technologies with improved standard diagnostics is the key factor supporting the growth of the market globally.
Radial Forging Machine Market Poised for Remarkable Growth: Energy Efficiency Drives Innovation and Adoption
Published: Jun 2025
Radial forging machine market, estimated at $230 million in 2024, is projected to grow to $505 million with a CAGR of 7.5% during the forecast period (2025–2035). This growth is primarily driven by increasing demand from the automotive industry and other end-user sectors seeking high-quality components with precise dimensions and excellent surface finish.
Running Gear Market Set to Accelerate with Health and Innovation Trends
Published: Jun 2025
Running gear market was valued at $45.3 billion in 2024 and is projected to grow to $84.0 billion by 2035, registering a CAGR of 5.8% during the forecast period from 2025 to 2035. The major factor contributing to the growth of the global running gear market includes the rising inclination of people toward sports activities. Additionally, running gear encloses essential equipment and apparel designed to enhance the running experience, including well-cushioned running shoes, moisture-wicking clothing, supportive accessories, and technological devices that track performance metrics, further supporting the running gear market.
VRF AC System Market Poised for Remarkable Growth: Energy Efficiency Drives Innovation and Adoption
Published: Jun 2025
VRF AC (Variable Refrigerant Flow Air conditioning) system market was valued at $19.5 billion in 2024 and is projected to grow to $53.2 billion with a CAGR of 9.6% during the forecast period (2025–2035). The key factors that are increasing the growth of the VRF AC market such as increasing demand for energy-efficient heating, ventilation, and air conditioning (HVAC), and the growth of various industries, including construction and manufacturing.
Growing Energy-Efficient and Sustainable Construction to Boost the Global Facade Market
Published: Jun 2025
Facade market size reached $320 billion in 2024, and is projected to grow to $580 billion by 2035 at a CAGR of 5.6% during the forecast period (2025-2035). The market is being driven by the growing demand for energy-efficient building solutions, growing awareness of the environmental impact of buildings, and increasing construction activities in emerging economies. Facades offer several benefits, such as improved thermal insulation, enhanced aesthetics, and reduced energy consumption. Additionally, the implementation of stringent building codes and regulations is also expected to drive the growth of the facade market as building owners and developers seek to comply with these standards.
Rising Demand for Corrosion-Resistant Solutions in Oil & Gas, aerospace, and nuclear power industry.
Published: Jun 2025
Explosion-welded clad metal product market is growing at a CAGR of 6.5% during the forecast period (2025-2035). Pivotal factors such as growing demand for metal-clad products in end-user industries such as oil & gas, mining, and shipbuilding, constant innovation in terms of material composition and technology, and expansion in the utility of metal-clad products in industries such as aerospace are projected to support market growth during the forecast period.
Direct Reduced Iron (DRI) Market Set for Robust Growth: Sustainability and Green Steel Drive Demand
Published: Jun 2025
Direct Reduced Iron (DRI) market size was $72.3 billion in 2024, is projected to grow to $179.0 billion, growing at a CAGR of 8.7% during the forecast period (2025–2035). As per the World Steel Association and Midrex Technologies, Inc., in 2022, annual global direct reduced iron (DRI) production was 127.36 million tons (Mt). DRI is mainly used in the production of steel. The commissioning of new capacity, especially in Iran, the return to operation of many coal-based rotary kiln furnaces in India, and the further ramp-up of recently commissioned plants are some of the major factors driving the growth of the DRI market.
Decarbonization Market Set for Exponential Growth: Policy Mandates and Innovation Drive Market Transformation
Published: Jun 2025
Decarbonization industry size was valued at $2,090 billion in 2024 and is projected to reach $6,808 billion by 2035, growing at a CAGR of 11.3% over the forecast period from 2025 to 2035. Decarbonization in the industrial sector refers to attempts to minimize the industry's carbon footprint and transition to a more sustainable and low-carbon energy future. The growing adoption of CO2 capture absorption process technology is the key factor supporting the growth of the market globally. Various market players scale up in decarbonization technology, carbon capture, utilization, and storage (CCUS), new energies, oil and gas emissions reduction, digital applications, advanced materials for decarbonization, and nature-based solutions.