Techno Research

The global  cleaning robot market  size is expected to reach USD 6.2 billion by 2025, registering a revenue-based CAGR of 14.6% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The rising penetration of technologies such as Artificial Intelligence (AI), and Virtual Reality (VR) is a major factor driving the market growth. In addition, the higher costs of mopping labors in emerging countries is boosting the demand for robotic vacuums. Proliferation of robotics technology for mopping purpose and technological advancements such as gesture controlled and voice based technology are likely to drive the market growth.   Vacuum robots have gained a wide reception in the past few years as consumers exhibit a constant demand for smart gadgets over traditional devices. Continuous improvement in software and hardware technology has enabled the industry to reveal enhanced robotic appliances for household mopping purposes. Pricing is another aspect for consumers t

  The global  solar panel recycling market  size is expected to reach USD 333.8 million by 2027 registering a CAGR of 12.8%, according to a new report by Grand View Research, Inc. Increasing preference for renewable energy over conventional sources of energy considering the nominal ecological impact is likely to boost the market growth over the projected period.   The growing number of photovoltaic installations on account of their declining prices is likely to further enhance the demand for the recycling of solar panels. Also, the rising awareness about the cost as well as ecological benefits related to solar energy is expected to trigger the market growth. With the extensive R&D, various mechanisms and processes to carry out the active recycling of solar panels have progressed. Moreover, several strict regulations and government certifications with regards to appropriate solar panel waste treatment and to encourage the implementation of solar energy projects are expected to

The global  robotic biopsy devices market   size is expected to reach USD 703.7 million by 2026, according to a new report by Grand View Research, Inc., registering a 11.3% CAGR over the forecast period. Rising cancer incidence and increasing demand for minimally invasive surgeries are leading factors contributing toward this growth. Moreover, growing need for high precision while performing biopsies of delicate organs, without distressing surrounding nerves, is expected to drive the market.   On the basis of product type, robot-assisted biopsy devices are classified into systems and instruments & accessories. The systems segment is expected to grow at the fastest pace over the forecast period. Increasing launch of innovative biopsy robots and growing acquisition activities among key players have supported the growth of this segment. For instance, in September 2018, XACT Robotics received a CE mark for its robotics system, which gave the company entry into the European market. M

The global  vape cartridge market  size is expected to reach USD 2.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.4% over the forecast period. Rising importance of vape cartridge as a tobacco alterative is expected to have a positive impact on the market growth. Vape cartridges are considered to be less harmful than the conventional tobacco cigarettes. These products do not contain tar and ash, which paves the way for the consumers to prefer them over conventional cigarettes. The buyers can customize their daily nicotine intake by changing the airflow, power output, and coil type of the cartridge.   Furthermore, the product is considered to be environment friendly and it does not release smell. The glass products are expected to expand at the fastest CAGR of 22.8% from 2019 to 2025. The consumers are expected to use these products as an alternative to conventional plastics over the forecast period. Furthermore, glass vape cartri

  The global  diet soft drinks market  size is expected to reach USD 5.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.2% over the forecast period. Demand for diet drinks has witnessed significant growth in the recent years on account of shifting consumer food habits towards healthier alternatives to beverages with high sugar content. Consumers have been shifting towards diet or zero calorie beverages as a result of growing health concerns, which is expected to fuel the market growth in the next few years.   Increasing demand for diet soft drinks in the food services industry is expected to ramp up the production of these products. Moreover, popularity of clean and healthy eating trends among the consumers has impacted the growth of the food and beverage industry, wherein the manufacturers are focusing on developing products with minimal or no artificial additives. For instance, in Argentina, Coke had launched Coke Life, which has s

  The global  citrus extract market  size is expected to reach USD 7.8 billion by the end of 2027, as per a new report by Grand View Research Inc., expanding at a CAGR of 4.2% from 2020 to 2027. The market is expected to be majorly driven by growing demand for healthy and nutritional beverages across the geographies.   Paradigm shift towards healthy lifestyle supported by growing awareness regarding health and nutrition is expected to create significant growth opportunities for the market globally. Citrus fruits including lemon, lime, orange, and grapefruit are popular for their high vitamin C content and several health benefits, such as weight management, immunity boost, and personal care. These factors have significantly boosted the product consumption in the form of extracts mixed in the food and beverage industry for  carbonated soft drinks , fruit beverages, functional beverages, sports beverages among other applications.   The market is expected to witness an increase in dema

The global musical instruments market size was valued at USD 7.5 billion in 2018. An increase in the penetration of digital musical instruments is anticipated to drive the market over the forecast period. Musicians who are accustomed to playing a single instrument can take advantage of a full studio setting owing to a range of sounds produced by the electronic circuits present in the instrument. This factor is influencing the millennial generation to pursue music as a hobby or profession, which will propel market growth over the next few years. The rise in the number of music hobbyists is expected to propel the demand for this market. Approximately, 63% of the consumers in this market are hobbyists. Students, parents of students, recreational players, and aspiring professionals are included in this category. Children who start learning musical instruments from a very young age tend to have an affinity towards the music during the long-run. This affinity tends to drive such users tow

  The global  insulin patch pumps market  size is expected to reach USD 1.7 Billion by 2027, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 10.9% over the forecast period. The market is primarily driven by factors such as increasing diabetic population and rising awareness about advanced diabetes management solutions. Moreover, technological advancements and several product launches in the field of insulin patch pumps are further augmenting growth.   Patch pumps are easy to use and more convenient than conventional insulin pumps. In addition, they are more affordable than conventional insulin pumps and are rapidly capturing a significant share of the insulin patch pumps market. Key players are using novel technologies and offer user-friendly insulin delivery solutions at lower prices. This is expected to increase the frequency of product launches during the forecast period, boosting overall growth. Increasing healthcare expenditure related to diabete

  The global  customer data platform market  size is expected to reach USD 5.66 billion by 2025, registering a CAGR of 27.5% from 2019 to 2025, according to the new study conducted by Grand View Research, Inc. The growing demand for assimilating and storing unstructured and structured consumer data, automatically obtained from various media touchpoints, is driving the adoption of CDP among B2B and B2C marketers. Furthermore, the need to engage and improve customer lifecycle by comprehending the collected insights is also contributing to the growth of the market.   Currently, brands and marketers accumulate huge volumes of customer data in the form of demographic, behavioral, and transactional segments. The collected data points are either stored as databases by a different organization or by departments of the company. This poses challenges pertaining to data tracking and data redundancy. Furthermore, information gathering based on cross-platform and online activities for customer co

The global  electric vehicle battery market  size is expected to reach USD 38.6 billion by 2025, registering a CAGR of 16.7% from 2019 to 2025, according to the new report from Grand View Research, Inc. The growing preference for e-mobility and the subsequent rise in the popularity of  electric vehicles  (EVs) is expected to drive the market growth. Several countries have taken a lead in deploying various EVs, including two wheelers, buses, and other commercial vehicles.   Increasing efforts to reduce the production cost of electric vehicle batteries is prompting manufacturers to invest in developing countries, including China, India, and Mexico. Having realized the potential for economic development in emerging economies, some large plants for manufacturing batteries have already been planned in Asia Pacific. At the same time, the rising fuel prices coupled with increasing environmental concerns are prompting several governments to encourage the adoption of EVs. EVs require more b

The global  power rental systems market  size is expected to reach USD 32.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. Increasing demand for UPS, along with rapid industrial development across the world, is the main factor boosting the market growth. Growing instances of variable electricity supply generated by small and medium-scale power grids and partial access to the larger transmission network have catalyzed the demand for power rental systems across the manufacturing and utility industries.   Moreover, there is an increasing requirement for an accessible rental unit that can stun the problems linked with power outages and voltage sags. Furthermore, growing awareness related to the profits of subcontracting power equipment is positively impacting market growth. Power rental systems allow their customers to acquire equipment according to their necessities in a cost-effective way. Besides, the executi

The global  ride hailing services market  size is expected to reach USD 82.37 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.8% during the forecast period. Rising need to combat the rushing traffic coupled with pilling road taxes is expected to expand the scope of ride-hailing services. These rides are easily traceable and the contacts of both the passenger and driver are easily accessible. This factor is projected to bode well for the adoption of these services. Low cost of car ownership and growing employment opportunities is expected to open new avenues over the next few years.   In January 2019, TukTuk-Ride launched a new ride hailing service app for ten major cities in India. The consumers have to pay INR 14 per kilometer for cabs and INR 8 per kilometer for bike taxis. The organization is also planning to expand their services by incorporating luxury cars, vintage cars, e-bikes, deliver vehicles, and ambulances i