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
Growth and Trends in the Global Fiberglass Market
Published: Feb 2025
The fiberglass market is estimated to grow at a CAGR of 10% during the forecast period (2024-2031). The market growth is driven by the extensive use of fiberglass for manufacturing applications in the construction and automobile industries. Additionally, fiberglass is used on a large scale in industries such as aerospace & defense, marine, food, electronics body parts, and more to produce lightweight body parts, contributing to the market growth during the forecast period. Furthermore, stringent government regulations across the globe are propelling the market. Moreover, the increasing adoption of renewable energy has led to the increased installations of wind turbines, contributing to the rising demand for hard and lightweight fiberglass, for the manufacturing of blades of wind turbines and other parts. However, the availability of its substitute products, such as carbon fiber and aluminum is the major factor restraining market growth.
Shift Towards Renewable Energy is Driving the Global Solar Tracker Market
Published: Feb 2025
The global solar tracker market is projected to have a considerable CAGR of around 11.6% during the forecast period (2024-2031). The market growth is driven by the rising adoption of renewable sources for power generation, increasing solar PV installations, growth in solar energy projects, and funding for solar tracking systems. Most of the increase is anticipated to come from solar, wind, and hydropower according to the Center for Climate and Energy Solutions. However, the high cost associated with the installation of solar panels, design complexity, and lack of skilled persons are the restraining factors that are hindering the market growth. The technological innovations and increasing awareness of solar energy are expected to present considerable opportunities for market expansion. 
Increasing Prevalence of Chronic Disease is Driving the Global Diagnostic Imaging Services Market
Published: Feb 2025
The global diagnostic imaging services market is projected to have a considerable CAGR of 5.5% during the forecast period (2024-2031). The market growth is driven by the increasing prevalence of chronic diseases such as arthritis, cardiovascular diseases, asthma, cancer, and chronic obstructive pulmonary disease (COPD), among others. The increasing number of cardiovascular diseases is significantly contributing to the market growth owing to the rising demand for ultrasound guide biopsies, diagnosing heart conditions, and assessing damage after a heart attack.
Current Dynamics of the Global Tube Packaging Market
Published: Feb 2025
The global tube packaging market is projected to have a considerable CAGR of around 5.9% during the forecast period (2024-2031). The market growth is driven by a growing inclination towards flexible packaging over rigid packaging. Additionally, the continuous increase in the demand for plastic tubes in the packaging of cosmetic and food & beverage products is significantly supporting market growth across the globe. Furthermore, the market growth is further supported by innovation in the cosmetics industry with the introduction of novel ingredients in cosmetic products, including organic and herbal solutions in cosmetics. 
Emerging Standard of Living is Propelling the Global Water Heater Market
Published: Feb 2025
The global water heater market is projected to have a CAGR of around 5.7% during the forecast period (2024-2031). The market growth is driven by the increasing disposable income of the people along with improving the standard of living in emerging economies. Additionally, the increasing number of government subsidiaries regarding energy-efficient water heaters for domestic and industrial purposes is propelling the market. The growing application of water heaters in commercial sectors such as hotels, hospitals, and spas is further propelling the market. Moreover, the rising adoption of solar water heaters is bolstering the market during the forecast period. 
Growing Demand for Freshwater is Propelling the Water Dispensers Market
Published: Feb 2025
The global water dispenser market is projected to grow at a considerable CAGR of 7.0% during the forecast period (2024-2031). The market growth is driven by the increase in the demand for clean drinking water appliances owing to the rise in the number of waterborne diseases. Additionally, the easy portability, usage, and installation process, and the low maintenance cost of the instruments are propelling the market growth during the forecast period.  Water scarcity in several regions and the lack of potable drinking water sources are creating significant opportunities for market growth. Moreover, the growing awareness related to the availability of energy-efficient products has promoted the widespread adoption of water dispensers.
Rapid Urbanization is Bolstering the Global B2B E-commerce Market
Published: Feb 2025
The global B2B e-commerce market is estimated to grow at a significant CAGR of 15% during the forecast period (2024-2031). The market growth is driven by the expansion of the e-commerce industry, technological advances in the e-commerce industry, and the rising number of new players in the e-commerce industry. The rapid urbanization and internet penetration are contributing significantly to the expansion of e-commerce industry globally. EDI (Electronic Data Interchange), CRM (Customer Relationship Management), and ERP (Enterprise Resource Planning) are propelling the B2B e-commerce market. Furthermore, increasing cloud integration is contributing to the market growth during the forecast period. 
Increasing Healthcare Spending and Chronic Diseases is Driving the Global Pain Management Devices Market
Published: Feb 2025
The global pain management devices market is growing at a considerable CAGR of 7.3% during the forecast period (2024-2031). The market growth is driven by the increasing prevalence of chronic diseases and the easy availability of technically advanced pain management devices in the market. Additionally, supportive reimbursement policies of governments across the globe are contributing to the growth of the market. However, the high cost of pain management devices, lack of awareness regarding the availability of pain management devices, and insufficiency of a pain specialist in underdeveloped and some emerging economies are restraining the market growth.
Increasing Health Consciousness Is Driving The Global Functional Beverages Market
Published: Feb 2025
The global functional beverages market is anticipated to grow at a CAGR of around 6% during the forecast period (2024-2031). The market growth is driven by the availability of functional beverages in various flavors and other options such as no-calorie and sugar. However, the consumption of functional beverages above the prescribed limit has adverse health effects, which is anticipated to restrain the market growth during the forecast period. The global functional beverages market is segmented by type (energy drinks, sports drinks, dairy & dairy alternative beverages, and others), by distribution channel (retail & supermarket and online platform), and by geography (into North America, Europe, Asia-Pacific, and the Rest of the World). 
Increasing Cross-Border Transactions Is Propelling The Digital Remittance Market
Published: Feb 2025
The digital remittance market is anticipated to grow at a CAGR of 15.9% during the forecast period (2024-2031). The market growth is driven by the increasing fund transfers from migrant workers to their families, the increasing number of cross-border transactions, and the growing adoption of mobile-based payment channels. Additionally, the shift of global customers toward digital remittance services, owing to the reduced money transfer time and remittance costs and high privacy and protection for consumers’ money, is driving the market growth during the forecast period.  The ease of access to services, based on the location, users can choose from numerous payout methods for the recipient, including payments to mobile wallets, bank deposits, mobile airtime top-up, and cash pick-up, which are contributing to the market growth.