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Latest Press Releases
Increasing Integration of Silicon Carbide (SiC) Inverters in the Automotive Sector Drive the Growth of the Market
Published: Mar 2025
Global silicon carbide inverters market is anticipated to grow at a CAGR of 9.1% during the forecast period (2025-2035). SiC inverters are revolutionizing power electronics in the automotive sector by offering higher efficiency, better thermal performance, and a greater power density when compared to silicon-based solutions. These inroads have especially picked up steam with the growth of the electrification of the automotive industry, making it possible to improve vehicle range and performance.
Rising Demand for 3D Scanning Drives Growth of Optical Digitizer and Scanner Market
Published: Mar 2025
Global Optical digitizer and scanner (ODS) market was valued at $1,500 million and is anticipated to grow at a CAGR of 6.7% during the forecast period. Pivotal factor such as growing demand for more accurate 3D scanning technologies with AI integration, rising adoption for portable and lightweight optical digitizers and increasing application end user industry such as healthcare, automotive, aerospace, entertainment and gaming drive the growth of market. According to the Vision Council, (in January 2024), the total optical market value for 2023 is $65.6 billion.  
Energy Harvesting with Piezoelectric Materials Drives Growth of Piezoelectric Materials Market
Published: Mar 2025
Global piezoelectric materials market was valued at $1,455 million and is anticipated to grow at a CAGR of 4.7% during the forecast period. Energy harvesting is the process of converting energy from the environment into electrical power, which can then be used to power various electronic devices. Various materials and transduction mechanisms have the ability to convert vibratory energy to useful electrical energy, such as piezoelectric, electromagnetic, and electrostatic generators. Piezoelectric transducers, with its inherent electromechanical coupling and high power density compared to electromagnetic and electrostatic transducers, have been widely explored to generate power from vibration energy sources. Compared to thermal and solar energy harvesters, which can generate hundreds of watts, piezoelectric materials usually operate at much lower energy levels. 
Rising Digital Health Solutions for Remote Patient Care and Rehabilitation Drive Market Growth
Published: Mar 2025
Global telerehabilitation market was valued at $5,400 million and is anticipated to grow at a CAGR of 9.2% during the forecast period. The telerehabilitation market is increasing as digital health solutions for remote patient care and rehabilitation are increasingly being adopted. The growth of telecommunications technologies is linked to AI-powered treatment platforms that increase the effectiveness and accessibility of rehabilitation benefits. The market is expanding owing to increased demand for affordable, home-based rehabilitation services, especially for neurological and post-surgical recovery. 
Growing Adoption of Innovative Screw Pump Technologies to Propel Market Growth
Published: Mar 2025
Global screw pump market was valued at $2,730 million and is anticipated to grow at a CAGR of 5.0% during the forecast period. Screw pumps have grown into increasingly important parts of every industry as they handle complex fluids with more efficiency and less pulsation. These include oil and gas, water treatment, chemicals, food, and beverage sectors. Advanced screw pump solutions are increasingly adopted in the various key industrial sectors to enhance efficiency while ensuring reliable operation in important applications.
Increasing Utilization of Plasticizers in Modern Manufacturing Drive Expansion Market
Published: Mar 2025
Global plasticizers market was valued at $17,850 million and is anticipated to grow at a CAGR of 6.3% during the forecast period. Plasticizers improve the polymer's performance, flexibility, and durability in a variety of application fields, including consumer goods, construction, and automotive. Furthermore, to cut down on weight and increase efficiency, consumers are also demanding lighter and better, with new plasticizers extensively used to make the product more efficient and sustainable.
Adoption of Die Bonder Equipment in Semiconductor Manufacturing to Drive Market Growth
Published: Mar 2025
Global Die Bonder Equipment market was valued at $1,025 million and is anticipated to grow at a CAGR of 2.3% during the forecast period. The growing adoption of high-performance semiconductor devices is growing high, and advanced die-bonding technologies are adopted for precision and efficiency in the miniaturization of the chip assembly. The rate of adoption also increases with new advancements in such industries as consumer electronics, automotive, telecommunications, and healthcare, manufacturers are putting modern die-bonding solutions together to improve their production speed and yield rates with reduced costs.
Growing Demand in End-User Industries Drive the Growth of the Market
Published: Mar 2025
Global cobalt market reached 220 kt in 2024 and is anticipated to grow at a CAGR of 8.3% during the forecast period (2025-2035). Cobalt is particularly important in several applications such as lithium-ion batteries, superalloys, and catalysts, primarily owing to its special properties that include high thermal and chemical stability. The growing application of cobalt in electric vehicles (EVs), modern electronics, and renewable energy, offers efficiency, efficacy, and sustainability. 
Growing Transformation in Packaging & Logistics Drive Growth of Bundling Machines Market
Published: Mar 2025
Global bundling machine market was valued at $4,279 million and is anticipated to grow at a CAGR of 2.3% during the forecast period. The market for bundling machines is expanding as a result of growing industry demand to save packaging costs and time. The bundling machine has helped to enhance the automation process of consumer goods, pharmaceuticals, food and beverage, and e-commerce sectors for optimizing shipping processes. Innovative bundling technologies such as stretch film bundlers, shrink bundling systems, and automated bundling machines ensure the packaging sectors transform to achieve speed, accuracy, and minimal material waste, securing the quality of the packaging.
Growing Advancement in Sustainable Manufacturing Using Neopentyl Glycol Drive Market Growth
Published: Mar 2025
Global neopentyl glycol market was valued at $1,720 million and is anticipated to grow at a CAGR of 4.4% during the forecast period. Neopentyl Glycol is unique in molecular formation, the chemical is an ideal choice for industries demanding eco-friendly with high-performance-based solutions. Factors such as growing demand across the construction, automotive, and electronics industries drive the growth of the market. Neopentyl Glycol, one of the primary raw materials in resins, coatings, and lubricant manufacturing, has attracted tremendous interest owing to its superior resistance to durability, heat, and environmentally benign characteristics.