The global lithium-ion battery market is anticipated to register growth at a CAGR of 26.04% during the forecast period, 2021-2026. The demand for lithium-ion battery is constantly expanding with the rising penetration of electric vehicles and increasing use of consumer electronic goods, such as mobile phones and laptops. Due to their lightweight, high-energy density, and
Rising demand for emission free public transportation is driving the growth in global electric three-wheeler market in the forecast period, 2023-2027 According to TechSci Research report, “Electric Three Wheeler Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”. The global electric three-wheeler market stood at USD1,387.98 million in 2017 and is expected to grow at
Autoclaved Aerated Concrete (AAC) refers to a lightweight, precast, foam concrete material that is ideal for manufacturing concrete masonry units like walls, floors, and roofs. ACC products are made from lime cement, aluminum powder, quartz sand, calcined gypsum, and water. ACC products are utilized in both exterior and interior construction and are further painted with
Predictive maintenance is a novel technology in the manufacturing industry, and it aims to minimize the costly downtime due to untimely equipment failure and lack of machine maintenance. It helps businesses to continue their operation and enhance their productivity by accurately analyzing the present condition of their machinery and predicting the need to maintain and
In 2021, the world witnessed an alarming 105% surge in ransomware cyberattacks, owing to rise in remote work and presence of compromised IoT devices. As the cyber security threats are increasing at a significant rate, organizations are investing in IoT security solutions to safeguard against ransomware, malware, and phishing threats. Rise in adoption of cybersecurity
The internet of things (IoT) has infiltrated almost every aspect of our lives. Rapid digitalization and the increasing need for connectivity are expected to contribute to the rising adoption of IoT devices. Around tens of billions are charged through non-rechargeable and single-use batteries, making them incompatible with a sustainable IoT ecosystem. As IoT devices are
In the past few decades, medical robotics has undergone significant transformation and has been widely applied in the surgical field. The rising need for minimally invasive surgery and an increasing number of complex surgical procedures that require great precision are driving the growth of the global surgical robots market. Currently, around 8.5 surgical robots are
Saudi Arabia retail industry is projected to show significant growth over the next five years. Changes in the Kingdom’s retail regulations and strong governance coupled with a commitment to advance consumer rights are increasing brick-and-mortar entrants and expansionists, contributing to a growing retail market in the region. Ease of doing business in the country has
Rising consumer demands for high-quality organically produced foods, owing to an increasing health-conscious population and rising incidences of chronic disorders. Organic sales account for approx. 4% of the total food sales in the United States. In 2020, US organic product sales jumped 12.4%, breaking USD60 billion, doubling the previous year’s growth, as per statistics by
Rise of smart home technology adoption, increasing demand for sustainable energy are pushing the air conditioner industry to innovate and present new options in the market for consumers. Growing need for automation and connectivity have led to the emergence of air conditioners that can be connected to other smart appliances in your home and adjusts
