Gmi Research

  Hydroponics Market Hydroponics Market was valued at USD 8,389 Million in 2019 and projected to expand at 11% CAGR over the forecast period (2020-2027). The factors driving the growth of Hydroponics Market includes expanding food production and distribution across the world, growing consciousness about consuming fresh vegetables and rising population levels. As per the report published by Food and Agriculture Organization (FAO), the food production is anticipated to increase from 25% to 70%, due to increasing population level around the world, which will increase the Global Hydroponics Market in the coming years. In addition, the increasing technological innovations in hydroponics systems and rising Government emphasis on Hydroponics farming, are some of the factors boosting the Hydroponics Market Size around the world. According to the National Horticulture Board, the Government of India is planning to provide financial assistance for hydroponics and aerospace projects by giving Cr

  5G Chipset Market The 5G Chipset Market was valued at USD 12,912 Million in 2020 and is predicted to grow at a CAGR of 26% over the forecast period. The factors driving the growth of 5G Chipset Market includes growing demand for 5G high-speed connectivity by the consumers, increasing application of Internet of Things in smart devices and growing mobile data traffic across the world. In addition, the growing investments by leading telecom operators along with increasing acquisition of companies, for example AMD’s acquisition of Xilinx for $35 billion, are some of the factors, augmenting the growth of 5G Chipset Market worldwide. Nokia Corporation’s agreement worth USD 2.2 billion with Chinese telecom operators, namely, China Telecom Corporation Limited, China Mobile Limited, and China United Network Communications Group Co., Ltd., in November 2018 to develop high-speed network infrastructure in China, which will enhance the market growth in China. Moreover, the emerging need for large

  Lubricants Market Lubricants Market is predicted to expand at a significant CAGR over the coming years, owing to the growing demand for high-performance lubricants. Rising research and development activities and ongoing technological advancements to establish innovative lubricants to reduce the frictional losses will generate huge opportunities for lubricants market. Increasing inclination towards renewable energy, growing demand for superior engines, and expansion in the industrial sector will propel the Lubricants Market Size . Rapid urbanization has bolstered the demand for lubricants by proliferating the manufacturing industry As per the Lubricants Market forecast , by base oil, the Synthetic Lubricants (Group Iv, V) segment is projected to hold a larger share during the forecast period owing to their growing use across several application areas and magnificent features like lower evaporative loss, higher viscosity index and chemical stability. By end-use industry, the trans

  Wearable Medical Devices Market The Wearable Medical Devices Market is anticipated to grow at a remarkable CAGR during the forecast period (2020-2027). The factors driving the growth of Wearable Medical Devices Market includes the growing demand for wearable medical devices in the home healthcare sector and increasing consumers consciousness towards healthy lifestyles. Moreover, the integration of advanced technology such as Artificial Intelligence and Internet of Things in wearable medical devices are further propelling the Wearable Medical Devices Market Size . Apple launched new application for its existing users, it records electrocardiograms (ECG) signals, which permits Artificial intelligence (AI) to identify left ventricular dysfunction, an asymptomatic heart disease. In addition, the increasing cases of Diabetes, childhood obesity, emerging need to monitor blood pressure levels and rising mortality rates around the world, are boosting the Global Wearable Medical Devices Ma

  Smart Building Market The Smart Building Market is anticipated to grow at a significant CAGR during the forecast period (2020-2027). The factors driving the growth of Smart Building Market includes emerging need to adopt energy saving solutions to save money and the growing adoption of Infrastructure Management System and Intelligent Security System & increasing integration of advanced technologies such as Internet of Things and Artificial Intelligence.  As per Smart Building Market Research , the rising Governments expenditure on infrastructure projects and growing environmental concerns, are pushing the growth of Smart Building Market. As per the report published by Daxue Consulting, China is going to spend approximately, 118.34 billion yuan to complete the 2 billion square meters green buildings project, which will increase the Smart Building Market size . In addition, the growing number of smart cities and increasing security concerns around the world, are further boosting t

  Nematicides Market The Nematicides Market is expected to grow at a significant CAGR during the forecast period (2020-2027). The factors driving the growth of Nematicides Market includes growing demand to improve the yield quality, increasing emphasis on organic and sustainable farming and rising use of active ingredients such as methyl bromide and aldicarb. Moreover, the increasing demand for fruits and vegetables and rising investments in the form of Foreign Direct Investment (FDI), have boosted the demand for high-value crop such as fruits and vegetables, are some of the factors accelerating the Global Nematicides Market . In addition, the increasing food consumption levels, growing population rate, rapid urbanization, and rising production of Nematicides by the key manufacturers, are expected to increase the Nematicides Market Size in the coming years. Type: Segment Analysis Based on the type, the bio nematicides segment is anticipated to expand at a faster CAGR over the fore

Dental 3D Printing Market The Dental 3D Printing Market witnessed USD 1,654 Million in 2017 and projected to expand at a CAGR of 9% during the forecast period. The factors driving the growth of Dental 3D Printing Market includes rising cases of dental diseases, increasing geriatric population, proliferation of automated technologies and growing demand of cosmetic dentistry. As per the report published by World Health Organization (WHO), the number of people aged 60 years and above were around 1 billion in 2019, this figure is expected to reach 1.4 billion by 2030 and 2.1 billion by the end of 2050. Moreover, the growing application of Dental 3D Printing for producing drill guides for dental implants, craniomaxillofacial & orthopedic implants and increasing availability of 3D Printing Software, are some of the factors supplementing the Global Dental 3D Printing Market . In addition, the Governments initiative to increase the additive manufacturing activities, is expected to increase

  Acetic Acid Market Acetic Acid Market was valued at USD 6,251 Million in 2020 and anticipated to expand at 5% CAGR over the forecast period (2021-2028). The factors driving the growth of Acetic Acid Market includes growing use of Acetic Acid in food and beverages, pharmaceutical and paints and Coatings industries and rising demand for Vinyl Acetate Monomer around the world. Moreover, the rapid expansion in textile Industry, is expected to increase the Global Acetic Acid Market in the coming years, as per the report published by Bloomberg, the Global Technical Textile Market is projected to Reach US$ 370 billion by 2032. In addition, the increasing consumption of vinegar for maintaining blood pressure and controlling Cholesterol levels, are some of the other factors, augmenting the growth of Acetic Acid Market. The increasing sales of Electric Vehicles in the International Markets is expected to boost the Acetic Acid Market owing to extensive use of paints and coatings for manufactur

  Agriculture Drones Market GMI Research anticipates the Agriculture Drone Market to grow at a vigorous CAGR of 24% during the forecast period (2020-2027). The factors driving the growth of Agriculture Drones Market includes growing world population, increasing investments for developing agriculture drones and rising application of data analytics to conduct field surveys. Moreover, the integration of advanced technologies such as Big Data and Artificial Intelligence along with rising consciousness about precision farming technique and the increasing use of drones for field planning and soil analysis, are expected to boost the Global Agriculture Drones Market in the coming years. The increasing availability of software solutions for field surveys such as PX4 and its growing use to enhance crop production, are some of additional factors supplementing the Agriculture Drone Market Size . In addition, the increasing investments in the drone industry, is expected to increase the market grow

  Smart Robots Market The Smart Robots Market size was valued at USD 4221 million in 2019 and is projected to grow at a CAGR of 30% over the forecast period (2020-2027). The factors driving the growth of Smart Robots Market includes growing demand for Smart Robots in end-use industries such as healthcare, food & beverages, retail & automotive, rising penetration of Industrial automation and Governments initiatives for increasing the production of Robots across the world. As per the report published by Hindustan Times, The Indian Government is planning to include the Robotics and Drone under the Production Linked Incentive (PLI) Scheme, which is expected to increase the production of drones and robots around $2 billion per market player in India. Moreover, the integration of advanced technologies such as deep learning, Artificial Intelligence, Internet of Things and Machine Learning, are expected to boost the Smart Robots Market share in the coming years. In addition, the grow

  Microgrid Controller Market The Microgrid Controller Market is projected to grow at a higher CAGR during the forecast period due (2020-2027). The factors driving the growth of Microgrid Controller Market includes significant shift towards using renewable energy, increasing use to detect electrical disturbances and the growing emphasis by key players to incorporate new technologies to minimize the overall cost. The increasing Public Private Partnerships based models for completing Microgrid projects, optimization of energy assets and growing constructions of smart cities, are augmenting the growth of Microgrid Control System Market . As per the article published by Khalifa University, the United Arab Emirates Government launched 100% Renewable Energy Micro-grid on Public Private Partnership based model with Global Green Growth Institute (GGGI). Moreover, the growing use of Microgrid in hospitals, universities/research facilities, Government buildings, Military, residential areas, an

Automated Storage and Retrieval System Market The Automated Storage and Retrieval System Market size was valued at USD 6,900 Million in 2019 and is anticipated to grow at a CAGR of 8% over the forecast period (2020-2027). The factors driving the growth of Automated Storage and Retrieval System Market includes growing demand for Automated Storage and Retrieval System in manufacturing and distribution facilities, increasing labor cost and growing sales in e-commerce industry. As per IBEF’s Report, the E-commerce market will become the third largest with valuation of US$ 350 billion by 2030, which will increase the Automated Storage and Retrieval System Market size in India. The emerging need for automation in industrial sectors to enhance the manufacturing capabilities and growing focus on improving the workplace safety, are further supplementing the growth of Automated Storage and Retrieval System Market. However, the growth of Automated Storage and Retrieval System Market is hindered

  Refinery Catalysts Market Refinery Catalysts Market is predicted to grow at a healthy CAGR of 3% over the forecast period, owing to their growing use in petroleum refining to enhance the operational efficiency. Refinery catalysts have the ability to reduce the toxic pollutants ejected by diesel engines and gasolines, which stands to be a prime factor driving the refinery catalysts market size . Further, growing adoption of refinery catalysts to counteract metal contamination and heat balance impact have bolstered the market growth. Increasing emphasis of leading producers to design catalysts that can manage all sorts of feedstocks and certify an easy and reliable application will offer huge opportunities to the market. By material, Zeolites are predicted to witness a faster CAGR over the forecast period, owing to their better texture, large surface area, and lower cost. On the other hand, metals will expand at a higher CAGR during the forecast period, attributed to the growing use o

  Esports Market Esports Market is predicted to expand at a promising rate over the forecast period, owing to rapid digitalization and lower cost of sophisticated gaming technology. Rising number of gamers, expansion across gaming sector, and growing number of tournaments with lucrative prizes are some of the major factors driving the Esports market size.   Intensified investment by leading players including Coca Cola, Adidas, and BMW to sponsor a vast audience base and growing penetration of online smartphone and video gaming will further fuel the esports market growth . In addition, universities and colleges have developed Esports programs to inculcate skills in professionals which will pave the way for market. Sponsorships segment is projected to grow at a higher CAGR over the forecast period. Sponsorships help different brand to reach their target customers directly using online and offline mediums such as booths, posters, and video-displays. Thus, several leading brands

  Dietary Supplements Market Dietary Supplements Market was valued at USD 1,351 Billion in 2019 and is forecast to expand at a CAGR of 8.6% over the forecast period, owing to the increasing incidences of cardiovascular diseases. Rising number of sports events and intensified emphasis to improve the physical strength of athletes are the major factors driving the global dietary supplements market size . Accelerating disposable income, growing awareness about personal health, and increasing number of weight loss programs have stimulated the market growth. Further, an increase in the working population has made it difficult for the individuals to meet their nutritional needs, thus, increasing their reliance on supplements which has strengthened the market share. However, growing demand for natural foods and concerns about negative impact pertaining over-consumption of dietary supplements will hamper the Dietary Supplements Market size .   By ingredients, the botanicals are predicted to ex