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Press releases
Published On: May 26, 2020

The U.S. motor vehicle sensors market is estimated to attain USD 6.29 billion, by the end of 2020, and is projected to grow at a significant rate of CAGR over the forecasted period, according to the new report by Million Insights. The stringent regulations regarding harmful emissions and safety standards coupled with growing initiatives by the government is anticipated to foster the market growth.

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Published On: May 26, 2020

The global smart faucets market is estimated to reach USD 667.3 million, by 2025, and is projected to grow at a CAGR of 12.0% from 2019 to 2025, according to a new report by Million Insights. The increasing penetration of smart home connectivity technology due to the rising luxury lifestyle changes among middle class age group mainly contributing to market growth. In addition, the growing tourism & travel sector especially in countries such as the India, Germany, China and France is boosting the demand for the product.

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Published On: May 25, 2020

The global two wheeler hub motor market is projected to attain USD 16.9 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to expand at a CAGR of 9.7% throughout the forecast period, 2020 to 2027. Rising demand for electric vehicles owing to rising concerns for environment and global warming is projected to boost the market growth. Moreover, advantages such as high performance, cost-effectiveness, and easy installation are projected to fuel the demand for two-wheeler hub motors over the forecast period.

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Published On: May 25, 2020

The global radar market size is anticipated to reach USD 38.01 Billion till 2025. It is anticipated to register growth with a CAGR 0f 3.8% during the forecasted period, 2019 to 2025. This growth can be attributed to rising need for security and safety owing to increasing number of crimes, international conflicts, and terrorism across the globe.

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Published On: May 25, 2020

The global health intelligent virtual assistants market size is projected to touch USD 2.95 billion by the end of 2025, as per the report released by Million Insights. It is projected to ascend with a CAGR of 39.1% from 2018 to 2025. Factors such as technological advancement and increasing emphasis on patient engagement are projected to bode well for the market growth over the forecast years. Increasing penetration of IoT and growing preference for AI in the healthcare segment are further predicted to fuel the product demand in the upcoming years.

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Published On: May 25, 2020

The global anti-fatigue mats market size is projected to touch USD 2.1 billion by 2025, according to a new report by Million Insights. The market is anticipated to grow at a CAGR of 5.1% during the forecast period. Growing health concern owing to prolong working hours is attributing to the growth of the anti-fatigue mat market. Anti-fatigue mats provide relief against different health problems such as foot problems, joint pain and improper blood circulation. These problems can be greatly avoided by anti-fatigue mats as they ensure regular movements of the foot.

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Published On: May 25, 2020

The global auto catalystmarket size is anticipated to reach USD 16.15 billion by the end of 2025. It is expected to witness 3.5% CAGR during the forecasted period, 2017 to 2025. This can be attributed to rising demand for auto catalyst across automobile sector for reducing the emission of harmful gases through motor vehicles.

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Published On: May 20, 2020

The global self-checkout systems market is projected to attain USD 7.80 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to expand at a CAGR of 13.3% throughout the forecast period, 2020 to 2027. Extended time for checking out and rising inconvenience due to delayed waiting time is projected to propel the demand for self-checkout systems. 

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Published On: May 20, 2020

The global micro irrigation systems market is anticipated to reach USD 41.23 billion by the end 2025, according to a new report released by Million Insights. It is projected to grow at a CAGR of 17.6% from 2016 to 2025. This growth is attributed to rising population and increasing consumption of food across the developing and developed regions.

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Published On: May 20, 2020

The global LED Lighting market size is anticipated to reach USD 127.84 Billion in the year 2027. It is anticipated to register growth with a CAGR of 10.8% during the forecasted period, 2020 to 2027. This growth can be attributed to the low power consumption and energy efficient performance of LED lights as compared to the traditional lights.

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Published On: May 20, 2020

The global electric toothbrush market is expected to reach USD 3.8 billion by 2026, according to Million Insights, registering a CAGR 5.8% over the forecasted period, from 2019 to 2026. Major factor to drive the market growth is rising awareness about oral health along with increasing disposable income.

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Published On: May 20, 2020

The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, Inc., with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.

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Published On: May 20, 2020

The global kids furniture market is estimated to reach USD 39.96 billion, by the end of 2025, and is projected to grow at a CAGR of 4.48% from 2019 to 2025, according to a new report by Million Insights. Growing trend of building houses that comprise of separate room for kids is supporting the market growth.

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Published On: May 20, 2020

The global automotive natural gas vehicle (NGV) market is estimated to attain 37,373.8 thousand units by the end of 2027 and is projected to grow at a CAGR of 3.5% from 2020 to 2027, according to a new report by Million Insights. Increasing consumption of natural gas as a primary fuel type for transportation is mainly driving the market growth. 

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Published On: May 20, 2020

The global yoga clothing market size is projected to touch USD 47.8 billion by 2025, according to a new report by Million Insights. The market is anticipated to expand at a CAGR of 6.2% from 2019 to 2025. Growing adoption of yoga practices amid hectic lifestyle coupled with increasing demand for fashionable yoga wear is driving the demand for these products. These clothes are known to provide comfort and absorb sweat generated during yoga, thus, gaining traction among end-users.

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Published On: May 20, 2020

The global cooling tower market size is projected to value at USD 4.85 billion by 2025, according to a new report published by Million Insights, Inc. Cooling towers have applications in power plants, especially, in thermoelectric power plants, to prevent excess heat generation from the plant.

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Published On: May 20, 2020

The global wireline logging services market size is anticipated to reach USD 34.39 billion in the year 2022. This can be attributed to increasing usage of these services for collection of real-time data by electric tools to optimize operational activities and gain maximum output from oil fields and wells. The E-Line technology segment held the largest share of around 57% in the wireline logging service market owing to its usage in good logging and tube perforating operations. 

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Published On: May 20, 2020

The global smart fitness devices market size is anticipated to reach USD 29.4 billion in the year 2025. This can be attributed to increasing health awareness among the millennial population coupled with the advances being made in technologies for tracking physical activities of the users. The smartwatch segment is expected to register the highest growth rate during the forecasted years owing to variety of functions being offered by these watches. 

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Published On: May 19, 2020

The global geotextiles market is anticipated to reach USD 11.3 billion by the end 2027, according to a new report released by Million Insights. It is projected to grow at a CAGR of 11.9% from 2020 to 2027. Rising demand for geotextiles to control soil erosion and rising adoption for construction of roads and other infrastructural projects such as railways and drainage systems owing to its high tensile strength are some of the major forces driving the market growth over the forecast period.

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Published On: May 19, 2020

The global drone-powered business solutions market size is projected to touch 84.31 billion by the end of 2025, as per the report released by Million Insights. Drones are extensively preferred for a wide array of applications such as data collection, security and surveillance, and agriculture. Businesses worldwide are developing new applications of drones in their daily operations.

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