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Latest Press Releases
Smart Dispensers in Commercial Application Boost Liquid Soap Market
Published: Jun 2025
Liquid soap market value is projected to reach $40,445 million in 2035 from $24,850 million in 2024, witnessing a CAGR of 4.6% during the forecast period (2025-2035). The liquid soap market is experiencing strong growth due to rising hygiene awareness and the increasing adoption of automatic soap dispensers. These touchless devices, which use infrared sensors to dispense the right amount of soap without physical contact, are gaining popularity in homes, offices, hospitals, and commercial spaces. It helps reduce the spread of germs and bacteria while promoting better hygiene practices, especially in the post-pandemic world. Additionally, their convenience has no need to press or pump manually, saves time, and reduces soap wastage. 
Rising Demand for Predictive Maintenance Propels Motor Monitoring Market Expansion
Published: Jun 2025
Motor monitoring market was valued at $2,485 million in 2024 and is anticipated to reach $6,110 million by 2035, growing at a CAGR of 8.6% from 2025 to 2035. Predictive maintenance of motor systems is a necessity when it comes to supporting reliability objectives that in turn support a company’s or organization’s business objectives. Predictive maintenance programs are most effective when analyzing health trends of electric motors, cables, power quality, and load are rigorously implemented. It helps the organization prevent unplanned downtime, extend equipment life, and reduce replacement costs. For instance, the power generation industry requires uninterrupted operation and safe, continuous production.
Fire Safety Regulations and Testing Standards Supporting Market Growth
Published: Jun 2025
Global fire resistant coatings market was valued at $1,175 million in 2024 and is anticipated to reach $1,864 million by 2035, witnessing a CAGR of 4.3% from 2025 to 2035. There are regulations and standards for fire-resistant coating on steel structures, ensuring quality and enhancing fire resistance capabilities for constructions. These standards across industrial sectors improve fire safety compliance and also fuel continuous innovation and adoption of advanced fire-resistant coatings, thereby driving the market forward. The testing standards for various types of structures and fire-retardant components include:
Cosmetic Procedure Growth Boosts Equipment Demand
Published: Jun 2025
Beauty equipment market, valued at $5,225 million in 2025, is projected to reach $19,045 million by 2035, growing at a CAGR of 12.5% during the forecast period (2025–2035). The rising number of cosmetic procedures is supporting the growth of the global beauty equipment market. There is a huge demand for the treatments that focus on the body. According to the American Society of Plastic Surgeons, Liposuction remained the most popular procedure with 347,782 operations, showing a 7% increase from 2022. Tummy tucks also grew by 5%, reaching 170,110 procedures. Breast procedures also remained common, with 304,181 breast augmentations and a 7% increase in breast lifts. 
AI Revolutionizing Air Traffic Management Systems
Published: Jun 2025
Global AI in aviation market, estimated at $1,175 million in 2024, is expected to surge to $56,480 million by 2035, registering a robust CAGR of 42.3% over the forecast period (2025–2035). The integration of AI and ML is driving the aviation sector, particularly within the domain of Air Traffic Management (ATM). Leveraging AI to analyze data related to weather conditions, sector configurations, air traffic congestion, and other critical parameters, stakeholders can optimize flight routes, reducing flight times, fuel consumption, operational costs, and overall environmental impact. Furthermore, AI-powered decision-support tools are enabling Air Traffic Controllers (ATCOs) to respond to conflicts with increased speed and accuracy, supporting the development of a more efficient and scalable air traffic management infrastructure. 
Blockchain Infrastructure is a Key Enabler in the Growth of the Crypto Asset Management Market
Published: Jun 2025
Global crypto asset management market was valued at $719.8 million in 2024 and is growing at a CAGR of 22.3% during the forecast period (2025-2035). A complex system requires appropriate infrastructure or resources and an underlying framework to function. Blockchain infrastructure platform-as-a-service (PaaS) providers coordinate and maintain access to the infrastructure that powers blockchains, such as dev tools and nodes, along with the underlying infrastructure needed to operate their systems, such as cloud storage and security. The increasing prevalence of blockchains presents an opportunity for institutions to grow and expand value-added services to their customers. 
Renewable Energy Expansion that Drives the Silicon Carbide (SiC) MOSFETs Market Growth
Published: Jun 2025
Silicon carbide (SiC) MOSFETs market size is $2.3 billion in 2024 and is anticipated to reach $47.2 billion in 2035, growing at a CAGR of 31.8% during the forecast period (2025-2035). Renewable energy integration is driving market growth, and SiC MOSFETs are increasingly being employed in power optimizers and inverters owing to their high efficiency and high voltage ratings. According to the International Energy Agency (IEA), between 2024 and 2030, global annual renewable capacity additions are expected to increase from 666 GW to almost 935 GW, with solar PV and wind accounting for 95%, as they have lower generation costs and with favorable policies. 
Rising Incidence of Pulmonary Conditions that Drives the Market Growth
Published: Jun 2025
Respiratory catheters market was valued at $8,240 million in 2024 and is projected to reach $14,839 million in 2035, witnessing a CAGR of 5.5% during the forecast period (2025-2035). The increasing incidence of pulmonary embolisms has increased the need for advanced catheter-based therapies that are contributing to market growth. For instance, in April 2024, CryoTherapeutics raised $10.8 million in a Series B extension round to develop a next-generation catheter platform for interventional cardiologists to treat inflamed atherosclerotic plaque. The investment funded clinical testing, enabled next-generation catheter system development, and enabled early commercialization. The system employs cryotherapy to stabilize unstable plaque, possibly avoiding a heart attack.
Powering the Future: Advanced Outboard Engine for Recreational Boating to Propel Market Growth
Published: Jun 2025
Outboard engine market size was $10,510 million in 2024 and is anticipated to reach $19,092 million in 20235, growing at a CAGR of 5.6% during the forecast period (2025-2035). The market is driven by the growing adoption of electric outboard engines due to environmental concerns, increasing demand for recreational boating, and the rise in commercial fishing activities and cruise holidays. Additionally, advancements in engine technology, such as improved fuel efficiency and reduced emissions, are further driving the market growth. The market is benefiting from the expansion of marine tourism and the increasing popularity of water sports.
Demand for Diaphragm Metering Pumps in the Chemical Industry for Precision Fluid Management
Published: Jun 2025
Metering pumps market size was $6,750 million in 2024 and is projected to grow to $10,747 million by 2035, growing at a CAGR of 4.3% during the forecast period (2025-2035). Diaphragm Metering Pumps provide accurate chemical dosing, ensuring process efficiency, safety, and compliance with stringent environmental regulations. Major chemical industry lines are adopting advanced metering pumps to improve quality and more efficient production processes in a precise and controlled manner.