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Latest Press Releases
The Growing Automotive Industry and Market Player Contribution is Driving the Synthetic Ester Lubricants Market
Published: Oct 2024
Global synthetic ester lubricants market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for synthetic lubricants in various end-use industries (such as automotive, aviation, and more), and the growing demand for high-performance ester lubricants. However, the rising cost of raw materials can present a significant challenge for the growth of the synthetic ester lubricants market.  
Technological Advancements and Applications in Different Sector is Driving the Global Digital Signage Market
Published: Oct 2024
Global digital signage market is anticipated to grow at a considerable CAGR of 7.9% during the forecast period (2024-2031). The market growth is driven by the various advantages of digital signage including greater flexibility, interactivity, and customization as compared to traditional solutions. 
Collaborations between the Government and Co-Working Industry is Driving the Flexible Workspace Market
Published: Oct 2024
Global flexible workspace market is projected to grow at a CAGR of 14.0% during the forecast period (2024-2031). The market growth is driven by the increasing adoption of remote work culture, rising demand for flexible and cost-effective office solutions, and the growing trend of coworking spaces. Additionally, the increasing number of small companies and startups seeking temporary office solutions coupled with increasing government initiatives is contributing towards market growth. 
Advancements in Healthcare Infrastructures are Driving the Growth of the Eosinophilic Esophagitis Treatment Market
Published: Oct 2024
Global eosinophilic esophagitis treatment market is growing at a CAGR of 6.4% during the forecast period (2024-2031). The increasing awareness programs for eosinophil-associated disorders drive market growth. In addition, the growing preference for personalized medicine and point-of-care testing along with the increasing development of a potential drug are contributing significantly towards the market growth. Furthermore, the rising technological advancements and modernization of the healthcare sector are presenting novel opportunities for the market, particularly in emerging regions. However, the market growth is challenged by the expensive treatment procedures and lack of awareness.
Growing Digital Advertising Coupled with Infrastructure Development is Driving Growth of the DOOH Market
Published: Oct 2024
Global digital out-of-home (DOOH) market is estimated to grow at a CAGR of nearly 10.7% during the forecast period (2024-2031). The market growth is driven by rising urbanization across the globe and increasing demand for programmatic advertising. Additionally, there increasing shift from offline out-of-home advertising to DOOH advertising to novel technologies such as beacons and geofencing, which is also contributing towards the market growth. 
Rising Infrastructure Investment and Environmental Concerns are Boosting the Adoption Cable Glands
Published: Oct 2024
Global cable gland market is anticipated to grow at a CAGR of 7.8%, during the forecast period (2024-2031). The market growth is driven by increasing demand for electronic device miniaturization, rising demand for cable management systems, a growing construction industry, an expanding automotive sector, and accelerating demand in the telecommunication sector. Additionally, the development of smart grid research in the oil & gas sector is also presenting growth opportunities. The global cable gland market is segmented by material (into brass, stainless steel, and plastic/nylon), by cable type (into armored and unarmored), by type (into industrial and hazardous), and by end-user (into oil and gas, mining, aerospace and defense, manufacturing and processing, and chemical). 
Government Initiatives to Bolster Residential Infrastructure is Driving the Growth of the China Facade Market
Published: Oct 2024
China facade market is anticipated to grow at a moderate CAGR of 6.3% during the forecast period (2024-2031). The market growth is driven by the increasing focus of the government on the development of infrastructure, households, and businesses. The Government of China is primarily focusing on boosting household investment as against public infrastructure. Additionally, the declining urbanization is making small cities the new sites of living and industry development, contributing significantly towards the market growth. China's facade market is segmented by facade type (ventilated and non-ventilated) and by end-user (residential, commercial, and industrial).
Technological Advancements and Government Initiatives are Driving the Plasma Cutting System Market
Published: Oct 2024
Global plasma cutting system market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The market growth is driven by the growing application of plasma-cutting machines in end-user industries such as construction, metal fabrication, and shipbuilding among others. Additionally, the advancements in plasma cutting technology with the introduction of high-definition plasma cutting, provide for squarer edge-cutting contributing to market growth.   
Growing Demand for Automotive Aftermarket Drives Growth of Passenger Cars MRO Market
Published: Oct 2024
Passenger cars maintenance, repair, and overhaul (MRO) market is anticipated to grow at a significant CAGR of 14.2% during the forecast period (2024-2031). The market growth is attributed to the technological advancements in automotive diagnostics and repairs, rising demand for electric and hybrid vehicle maintenance, increasing vehicle ownership and aging car population, and expansion of automotive aftermarket services, driving the growth of the market. According to the Automotive Aftermarket, The US aftermarket will reach nearly $535 billion in 2024. It includes over 535000 businesses serving 290 millon vehicles.
Growing Adoption of AI Globally Drives Growth of AI in Oil & Gas Market
Published: Oct 2024
Artificial intelligence (AI) in oil & gas market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to the growing demand for AI in exploration and production (E&P), rising investments in AI technologies, integration of AI with IoT and big data analytics, energy transition, and sustainability initiatives driving the growth of the market. According to the Society of Petroleum Engineers, in May 2023, 92.0% of oil and gas companies globally are investing in AI or planning to do so in the next 5 years. And the impact of AI is already evident, as 50.0% of oil and gas executives are using it to solve challenges across their organization.