Techno Research

  The global  robotic wheelchairs market  size is expected to reach a value of USD 142.6 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period . Growing need for independent mobility assistance by the geriatric population with moving disabilities is expected to drive the market. Moreover, rising spending power among the consumers, along with introduction of technologically advanced mobility products by the companies, is expected to drive the market. Growing penetration of robotic wheelchairs as an artificial assistance due to advanced features such as navigation, detecting obstacles, sensor technology, and  artificial intelligence . Presence of people with physical ailments or loss of mental control is expected to increase the demand in the market. According to the Journal of Rehabilitation Research and Development, the NavChair is an assistive navigation system developed with a mobile robot i....

Coffee Machine   The global  coffee machine market  size is anticipated to reach USD 7.59 billion by 2025 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Rising coffee consumption in Asian countries is one of the key factors driving the product demand. In addition, introduction of new products, such as green and organic coffee, is expected to result in increased demand for coffee, thereby contributing to the market growth. Coffee is a rich source of essential proteins as well as anti-oxidants, which can help prevent diseases including diabetes, Alzheimer’s, and liver cancer. This is also projected to drive the demand over the forecast period. Demand for Ready-to-Drink (RTD) beverages, particularly coffee-infused beverages, are also projected to have a positive impact on the market. Moreover, manufacturers are investing in R&D to introduce advanced machines featuring the latest technologies. For instance, in 2018, Nestlé Nespresso ...

  The global  sodium sulfur battery market  size is expected to reach USD 480.4 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 29.6% from 2020 to 2027. The growing demand for  energy storage  batteries and power supply across the globe is expected to boost the growth of the market over the estimated period. Sodium sulfur (NaS) batteries are pre-eminent by adding electrodes to increase their operational flexibility and lifespan. It also eliminates the hazards related to fire calamities. However, sodium sulfur batteries are hazardous and can catch fire easily when they meet moisture and air. Due to the highly corrosive nature, along with the high operating temperature of sodium polysulfide, these batteries are used in stationary applications, including grid energy storage. The renewable energy stabilization application segment is projected to witness substantial growth over the upcoming years as NaS batteries ar...

  The  Europe contract textile market  size is expected to reach USD 4.0 billion by 2025, accelerating at a CAGR of 3.4% over the forecast period, as per a new report by Grand View Research Inc. , The application of advanced manufacturing technologies for manufacturing contract textiles using wider looms and computerized equipment & robotics is estimated to have a positive impact on market growth. Companies operating in this market have invested in the production of different designs and own patterns to ensure the highest level of quality and maintain stock of exclusive collection of contract fabrics. Furthermore, efforts taken by manufacturers to comply with the EU regulations, REACH directive, and meet customer requirements are expected to drive market growth. Textile manufacturers in the region are likely to shift their focus to smaller economies owing to low labor cost and easy availability of raw materials. Manufacturers are taking steps to minimize the envir...

  The  North America powder coatings market   size is expected to reach USD 3.46 billion by 2025 registering a CAGR of 6.8%, according to a new report by Grand View Research, Inc. Rising product demand owing to its superior properties, such as durability, excellent finishing, and high resistance to chipping, corrosion, and abrasion, is the key factor driving the industry. Powder coatings do not contain any solvents, which results in negligible emission of Volatile Organic Compounds (VOC) in the atmosphere and reduced risk in combustion during application and storage. In addition, the powder can be easily washed off when it comes in contact with human skin, which reduces health hazards for operators. Thus, lower CO2 and VOC emission levels and less wastage are projected to augment the product demand further. It is the most preferred coating method due to technological advantages and simplicity of application. Consumer goods and automotive were some of the largest applic...

  The global  specialty paper market  size is expected to reach USD 36.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. The growth of the market is attributed to growing need for packaging and labeling delivery goods. Rise of e-commerce across the world is a major factor increasing the online shopping and delivery of goods, thereby impacting the demand for specialty paper. Growing e-commerce, along with booming consumer goods industry, is accelerating the global market growth. Online shopping is dominated by consumer goods that require packaging and labeling while shipment, thus fueling the growth of global market.Kraft paper is anticipated to expand at the fastest CAGR of 5.0% in terms of revenue over the forecast period. Increase in demand for food packaging in emerging economies and developing retail infrastructure are driving this segment. Moreover, transformation in storage, distributi...

  The global  retro-reflective materials market  size is expected to reach USD 30.2 billion by 2025, expanding at a CAGR of 26.5%, according to a new report by Grand View Research, Inc. Increasing demand for light and heavy commercial vehicles coupled with growing vehicle safety concerns is anticipated to promote the market growth. Amplifying demand from the automotive industry across the globe is projected to propel the industry growth. In addition, rising use of retro reflective paints for traffic control and road marking is anticipated to boost the demand. Moreover, the growing construction activities in the economies in Asia-Pacific are likely to further benefit the retro reflective materials market. The introduction of advanced products in the wake of rising concerns regarding workplace safety coupled with the presence of stringent regulations is expected to drive market growth. Reconstruction of highways and roadways across the globe is likely to propel the dem...