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Press releases
Published On: September 30, 2020

The volume of the global natural gas fired electricity generation market is estimated to touch 70,500.0 MW by 2027, as per a new report by Million Insights. The market is estimated to register 4.71% CAGR over the forecast years. Factors such as increasing energy demand across the globe, rise in the production of natural gas and favorable government initiatives are propelling the market growth. 

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Published On: September 30, 2020

The global high performance computing (HPC) market size is projected to reach USD 53.65 billion by 2027 and registering a CAGR of 6.5% during the forecast period from 2020 to 2027, according to a new report by Million Insights. HPC is categorized into High-Performance Business Computing (HPBC) and High-Performance Technical Computing (HPTC). HPTC has high adoption inengineering field for simulation, modelling, and computational fluid dynamics.

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Published On: September 30, 2020

The global hibiscus flower powder market size is projected to account for USD 160.2 million by 2025, as per a new report by Million Insights. The market is estimated to register 6.1% CAGR over the forecast years. Increasing use of the products in applications such as pharmaceuticals, cosmetics and food & beverages is driving the growth of the market. 

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Published On: September 30, 2020

The global vertical farming produce market is anticipated to value USD 6.46 billion until 2027. It is also expected to register a CAGR of 25.7% over the forecasted years, 2020 to 2027. The surging need to cater to increasing food demand across the globe is projected to drive market growth.

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Published On: September 30, 2020

The global energy management system market size is projected to account for USD 117.83 billion by 2025 and registering a CAGR of 17.1% over the forecast period from 2019 to 2025, according to a new report by Million Insights. Increasing number of smart city projects across the globe is expected to drive the market growth over the forecast period. The selection of proper vendors is important for monitoring and implementing EMS solutions. Installing energy meters in critical areas and creating an interactive communication program for end-users haveresulted in advanced monitoring of insights.

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Published On: September 30, 2020

The global telecom millimeter wave (MMW) technology market is estimated to reach USD 7.38 billion, by 2027, and is anticipated to grow at a CAGR of 37.01% over the forecast period, 2020 to 2027, according to a new report by Million Insights. Millimeter waves operate between frequency spectrum band 30 GHz to 300 GHz and has the capability to transmit large data. 

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Published On: September 30, 2020

The global steel pipes & tubes market is anticipated to value USD 231.1 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The increasing demand for liquid fuels and the need for their transportation are projected to drive market growth.

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Published On: September 30, 2020

The global vehicle access control market is estimated to reach USD 17,257.9 million, by 2025, and is projected to grow at a CAGR of 10.6% from 2019 to 2025, according to a new report by Million Insights. The increasing concerns regarding security & safety measures in the vehicle from developing & developed countries are projected to foster the need for the access control systems in vehicles.

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Published On: September 30, 2020

The global visualization and 3D rendering software market is anticipated to value USD 9.34 billion until 2027. It is also expected to register a CAGR of 21.41% over the forecasted years, 2020 to 2027. The rising need for enhancing visual experience to analyze products or components at the pre-production stage is anticipated to propel the market growth for such software.

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Published On: September 30, 2020

The global smart electricity meters market size is projected to account for USD 18.9 billion by 2027, as per a new report published by Million Insights. It is likely that the market would register 7.8% CAGR over the forecast duration. The demand for energy security is gaining traction in the energy sector. With the advent of renewable energy sources, this demand has been addressed to some extent. However, owing to the limitation in energy sources, it becomes vital to focus on conservation of energy.

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Published On: September 29, 2020

The global prescription/Rx sunglass market size is anticipated to value USD 5.31 billion until 2027. It is also expected to register a CAGR of 4.9% over the forecasted years, 2020 to 2027. The surging need to gain good eyesight and rising adoption of superior optics having higher strength is projected to trigger the demand for prescription sunglasses.

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Published On: September 29, 2020

The global oil storage market size is projected to account for 2550.8 Million Cubic Meters (MCM) by 2027. The market is anticipated to register 5.3% CAGR from 2020 to 2027, according to a new report by Million Insights. The rise in the application for oil and gas has led to an increased demand for storage facilities. The increasing presence of petroleum reservoir has resulted in stockpiling, which in turn, has attributed to the growth of the market. 

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Published On: September 29, 2020

The global household slicer market size is estimated to touch USD 475.2 million by 2027, as per a new report published by Million Insights. The market is projected to register 5.5% CAGR over the forecast duration. In the recent past, cooking popularity as a habit among millennials has surged. Factors such as easy availability of various recipes online coupled with the growing preferences for a healthy lifestyle are driving the market growth.

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Published On: September 29, 2020

The global mobile application market size is anticipated to value USD 366.34 billion until 2027. It is also expected to register a CAGR of 11.5% over the forecasted years, 2020 to 2027. The rising adoption of the internet and smartphones to carry out daily activities is projected to propel the market growth for mobile applications.

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Published On: September 29, 2020

The global burn ointment market size is estimated to touch USD 1.3 billion by 2027, according to a new report by Million Insights. The market is projected to grow at 6.1% CAGR over the forecast duration. Factors such as increasing awareness about various treatment methods, technological advancements and increasing incidents of the blaze are propelling the growth of the market. 

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Published On: September 26, 2020

The global managed print services (MPS) market size is anticipated to value USD 53.13 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The increasing need for maintaining documentation and the need for adoption of such services for monitoring of printing procedure is expected to augment the market growth.

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Published On: September 26, 2020

The global LED modular display market size is estimated to account for US 12.59 billion in 2027, as per a new report published by Million Insights. The market is estimated to register over 13.0% CAGR from 2020 to 2027. Growing demand for displaying multiple information and rise in the number of outdoor events are attributing to market growth. LED modular display integrates LEDs and other necessary electronics for video walls and large format display. The demand for these LED display is gaining traction from various outdoor applications such as media & entertainment, retail stores, airports/railways and music concerts. 

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Published On: September 26, 2020

The global industrial microwave heating equipment market size is anticipated to value USD 1.77 billion until 2027. It is also expected to register a CAGR of 6.21% over the forecasted years, 2020 to 2027. The increasing need for lowering operational and maintenance costs coupled with surging awareness about industrial pollution is projected to drive the market growth.

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Published On: September 26, 2020

The global grow light market size is estimated to account for USD 12.67 billion in 2027, according to a new report by Million Insights. The market is anticipated to register over 16% CAGR from 2020 to 2027. Rise in indoor cultivation and vertical farming is driving market growth. Grow light helps in extending natural light for a longer period, thereby, improving the health of the plants. 

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Published On: September 25, 2020

The global distributed fiber optic sensor (DFOS) market is estimated to touch USD 1.87 billion, by 2025, and is projected to grow at the CAGR of 10.8% over the forecast period, 2019 to 2025, according to a new report by Million Insights. The increasing demand from oil & gas and civil engineering application is projected to spur market growth. Fiber optics are highly reliable in streams, pipes, and reactors wherein manual inspection is difficult.

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