The global electric vehicle (EV) battery market size is expected to expand to USD 102.8 Billion by 2031 at a CAGR of 16.7%. The electric vehicle supportive programs and regulations around the globe are the major factors for the exponential growth of the global EV battery market. Consumer preference for EVs is driven by increased environmental concerns and a greater emphasis on sustainability, driving the demand for EV batteries. Moreover, with the advancements in battery technology and...
The global dietary supplements market size is expected to expand to USD 310.8 Billion by 2031 at a CAGR of 8.4%. Multiple essential elements propel the worldwide market for dietary supplements. The increased consumer focus on self-health care in the past few years is the major factor contributing to the growth of the global dietary supplements market. The emphasis on healthy lifestyle choices post-COVID-19 pandemic coupled with social media marketing is another major driver of the global...
The global cannabis edibles market size is expected to expand to USD 34.8 Billion by 2031 at a CAGR of 16.8%. In the past few years, the market for cannabis edibles has grown exponentially worldwide due to increasing legalization and relaxation in various regions and changing attitudes toward cannabis use. Edibles offer consumers an alternative to conventional smoking. This includes a wide variety of cannabis-infused products such as chocolates, gummies, and beverages. Several factors,...
The global cannabis beverage market size is expected to expand to USD 7.3 Billion by 2031 at a CAGR of 35.9%. It is expected to grow globally, with expanding ramifications and rapid legalization in emerging consumer markets. Additionally, the cannabis beverage industry is growing due to customer demand for novel food and beverage options, particularly for those wishing to explore discreet and legal marijuana products. The growing knowledge of the clinical usefulness of cannabis is driving...
The global cold chain market size is expected to expand to USD 385 Billion by 2031 at a CAGR of 11.5%. The infrastructure and logistics required to preserve the integrity of temperature-sensitive goods from manufacturing to consumption are referred to as the cold chain infrastructure. Perishable items including food, medications, and chemicals fall under this category. There is a growing need for fresh, frozen, and preserved meals as more people decide to eat at home which is an essential...
The global smart TV market size is expected to expand to USD 458.7 Billion by 2031 at a CAGR of 11.9% in the forecast period. The increasing popularity of smart TVs can be attributed to consumers’ desire for a wider range of content movies, TV shows, and videos; all within easy reach of these cutting-edge television sets, fueling the growth of the smart TV industry. The Smart TV platforms are made even more appealing by the smooth integration of streaming apps and services, which give...
The global sports drink market size is expected to expand to USD 33.79 Billion by 2031 at a CAGR of 5.81%. The rising number of varieties of sports drink products in terms of flavors and price range is one of the major factors for the boost in the global sports drink market in recent years. Moreover, the growing awareness of wellness and the importance of body hydration is another major factor for the surge in the global sports drink market. Furthermore, the development of distribution...
The global industrial vacuum cleaner market size is anticipated to reach USD 957 Million in 2031 and is expected to expand at a CAGR of 5.81% over the forecast period. The increasing demand for cleaning solutions, and the rising focus on maintaining workplace safety and hygiene, are expected to drive the growth of the market during the forecast period. The post-pandemic cleaning requirement in workplaces is another major driving factor for the industrial vacuum cleaner market. The stringent...
The global interactive display market is anticipated to grow to USD 61.5 Billion by 2030 at a 7.7% CAGR during the forecast period. The enhanced interactive experience coupled with ease in engagement as compared to the standard displays have made the interactive displays widely sought after in various industries. The real-time interaction capacity with the material has increased the usage of interactive displays in various trade exhibitions, museums, and business settings, among other...
The global semiconductor manufacturing equipment market size is anticipated to expand to USD 165.5 Billion by 2030 at an 11.1% CAGR over the forecast period. It is a constantly expanding and highly competitive industry that offers equipment and tools for the production of semiconductors. This includes the high-speed manufacturing equipment required to advance our technologies. The escalating global reliance on electronic devices has primarily been attributed to the growth within the...
