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Press releases

Published On: August 21, 2020

The global predictive maintenance market size is projected to reach USD 28.24 billion in 2025. The market is estimated register more than 37% CAGR from 2019 to 2025, as per a new study by Million Insights. Organizations across the globe are emphasizing on reducing operational expenditure and maintenance cost on their equipment.

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Published On: August 20, 2020

The global heat pump market size is anticipated to attain USD 103.8 billion by the end of 2025 and is projected to grow at the CAGR of 8.5% during the forecast period 2019 to 2025, according to the new report by Million Insights.The increasing need for energy-efficient heating solutions in the commercial and residential sector is driving the market growth.

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Published On: August 20, 2020

The global server market is projected to reach USD 83.06 billion by 2025 and expected to register 5.4% CAGR over the forecast period, from 2019 to 2025 according to a new report by Million Insights. The demand for servers is expected to grow in the next few years due to the increasing need for IT infrastructure coupled with advancements in digital technologies. The enterprises are extensively adopting data analytics to understand consumers’ needs and demand which are expected to increase the adoption of IT networking equipment.

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Published On: August 20, 2020

The global barge transportation market size is anticipated to value USD 140.62 billion until 2025. It is also expected to register a CAGR of 3.4% over the forecasted years, 2018 to 2025. The increasing need for transportation of crude oil, petrochemicals and cargo are expected to drive the market growth.

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Published On: August 20, 2020

The U.S. HVAC systems market size is projected to account for USD 31.1 billion by 2025, as per a study by Million Insights. It is predicted to exhibit 9.7% CAGR from 2019 to 2025. Increasing demand for energy-efficient heat pumps and air conditioners is driving the growth of the market. The demand for energy-efficient systems is also driven by stringent government regulation aimed at reducing the carbon emission.

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Published On: August 20, 2020

The global autonomous ships market size is likely to touch USD 13.4 billion by 2025, as per Million Insights. It is predicted that the market would exhibit 13.5% CAGR from 2019 to 2025. Autonomous ships are equipped with sensors, propulsion system and navigation control devices among others. Further, they make use of IoT and AI to facilitate autonomous operations. Increasing use of autonomous ships is projected to reduce the total operational cost.

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Published On: August 20, 2020

The global skid steer loaders market is anticipated to value USD 2.6 billion until 2025. It is also expected to register a CAGR of 2.4% over the forecasted years, 2019 to 2025. The surging need to carry out infrastructure and construction activities is expected to trigger the market growth for skid steer loaders.

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Published On: August 20, 2020

The global aerospace and defense springs market size is projected to reach USD 377.7 million by 2025, according to Million Insights. The demand for commercial aircraft is increasing which is expected to be a major factor to drive market growth. Further, the demand for fighter jets has increased for security purposes and rising border clashes in Asia Pacific region is another major factor anticipated to augment the market growth during the forecast period, 2019 to 2025.

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Published On: August 18, 2020

The global plant genotyping equipment market size is anticipated to value USD 895.45 million until 2025. It is also expected to register a CAGR of 9.6% over the forecasted years, 2018 to 2025. The increasing need for identifying, assessing and validating genetic markers of plants to gain higher yield from them is driving the market growth for plant genotyping equipments.

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Published On: August 18, 2020

The global artificial intelligence chipset market is projected to account for USD 59.2 billion by 2025, according to a new report by Million Insights, and expected to grow with 33.6% CAGR over the forecast period, from 2019 to 2025. Artificial intelligence chip is a dedicated component used in electronic and smart devices to run machine learning applications. 

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Published On: August 18, 2020

The global electronic design automation (EDA) software market size is projected to reach USD 14.54 billion by 2025 with a CAGR of 8.9%, according to a new report by Million insights. The growing adoption of electronic devices across the globe is prompting manufacturers to develop compact electronics devices by incorporating and minimizing the size of miniaturized chips / ICs which has complex designs. 

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Published On: August 18, 2020

The global commercial drone market size would touch USD 129.23 billion by 2025, as estimated by Million Insights. Further, the market is projected to expand at over 56% CAGR from 2019 to 2025. Increasing application of commercial drones such as agriculture, real estate, construction, photography and entertainment is driving the market growth.

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Published On: August 17, 2020

The global off-highway vehicle lighting market is estimated to attain USD 1.31 billion, by the end of 2025, and is anticipated to grow at a CAGR of 7.0% from 2018 to 2025, according to a new report by Million Insights. The increasing requirements for mining and construction equipment along strict government regulations are boosting the market growth. The growing awareness about safety of the workers is also expected to increase the demand for the off-highway vehicle lighting in the next few years.

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Published On: August 17, 2020

The global TV analytics market size is anticipated to value USD 655.4 million until 2025. It is also expected to register a CAGR of 21.2% over the forecasted years, 2019 to 2025. The rising need for deployment of analytical tools in many streaming platforms and OTT platforms is projected to drive the market growth for TV analytics.

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Published On: August 17, 2020

The global pre-engineered building market size is projected to reach USD 30.79 billion by 2025 with a CAGR of 15.5%, according to a new report published by Million Insights. Rising technological developments in the construction industry and growing urbanization & industrialization in the developing economies such as China, Brazil and India are expected to drive the demand for the market. 

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Published On: August 17, 2020

The global Stepper Motors market size is anticipated to value USD 6.0 billion until 2025. It is also expected to register a CAGR of 4.1% over the forecasted years, 2019 to 2025. The surging demand across the labeling and packaging industry coupled with the need for automating manufacturing processes is expected to drive the market growth for stepper motors across the globe.

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Published On: August 17, 2020

The U.S. lead acid battery market size is projected to account for USD 14.4 billion in 2025, as estimated by Million Insights in its new report. The market is likely to expand at 5.3% CAGR from 2019 to 2025. Increasing demand for UPS systems from end-use industries such as healthcare, oil & gas, chemical, manufacturing and paper is driving the growth of the market. 

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Published On: August 17, 2020

The global combined heat and power installation market size is likely to account for USD 12.0 billion by 2027, as predicted by Million Insights. It is estimated to expand with 3.1% CAGR from 2020 to 2027. The growing focus in replacing traditional form of energy with a new, efficient and cleaner form of energy is projected to augment the market growth. In addition, rising demand for energy from the industrial sector is estimated to drive market growth.

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Published On: August 17, 2020

The global security paper market size is projected to reach USD 24.33 billion by 2025 and projected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2025, according to Million Insights. The increasing need for anti-counterfeit technologies in printing currency and printing bank checks applications is anticipated to drive the market over the forecast period. Security papers help to protect essential documents from forgery and alteration by using various technologies such as hologram, threads &Ultraviolet (UV) fiber and watermark.

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Published On: August 14, 2020

The global intelligent building automation technologies market is projected to reach USD 105.2 billion by 2025 and expected to grow with CAGR of 7.0% over the forecast period, from 2019 to 2025, according to Million Insights. Growing awareness of sustainability in the wake of rising global warming is anticipated to fuel the market growth during the forecast period.Emergence of new technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) is projected to propel the market growth in the near future.

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