Press Releases
Latest insights, analysis, and updates from our experts.
EV Battery Recycling Market is expected to reach USD 26.8 billion by 2031
An increase in the number of electric vehicle (EV) battery suppliers is driving market growth. As they recycle batteries, they can help lower the material costs and reduce environmental damage through what is called “battery recycling.” This has increased the demand for EVs. After a battery has been used once, it needs to be reused in two ways: by upgrading recycling centers, and by obtaining recycled materials from the batteries to use them as feedstock in a new battery manufacturer. Adding batteries to our stationary energy storage units will prolong their use and create revenue through the sale of stored electricity. Recycling infrastructure is now being established at many collection points, making it easier for consumers to convert a wide variety of recyclable materials into new products.
AI in Drone Market is expected to reach USD 157.3 billion by 2031
The drone market enabled by AI is growing at a fast pace, mainly due to the use of artificial intelligence technologies like machine learning and computer vision, which enable drones to work independently and process data instantly. AI-driven drones are used in agriculture, defense, construction, logistics, and even environmental monitoring, where they are used for surveillance, crop analysis, and delivery services. Moreover, the development of sensors, edge computing, and funding of autonomous technologies are among the factors driving market growth.
Digital Wallet Market is expected to reach USD 23,400.3 billion by 2031
The digital wallet market has been growing at a fast pace with the rise of smartphone usage, more people getting access to the internet, and the global trend of cashless payment. Besides, government programs like UPI in India and the growth of online shopping have resulted in even greater uptake of digital wallets. Even though security and regulatory issues remain as some of the obstacles, constant technological breakthroughs and the rise of fintech are expected to keep the market growing.
Identity and Access Management (IAM) Market is expected to reach USD 52.5 billion by 2031
The Identity and Access Management (IAM) market is growing because of the increasing demand for cybersecurity, the widespread acceptance of cloud computing, and the transition to remote working and digital environments. IAM solutions enable organizations to handle user identities, regulate access, and safeguard confidential information from cyber-attacks. Innovations such as AI-powered authentication, multi-factor authentication, and single sign-on are facilitating greater usage.
Specialty Chemicals Market is expected to reach USD 1,116.7 billion by 2031
The specialty chemicals market represents a valuable sector producing mainly performance-enhancing, highly specific products tailored to various uses. They find their applications in several industries, including automotive, construction, electronics, and pharmaceuticals. This market is on a continuous and gradual rise, largely led by the increasing demand for sustainable and environmentally friendly products, growing industrialization, and development in areas like electric vehicles and renewable energy. The market is still growing despite restraints like the fluctuation in raw material prices and strict regulations, with the focus being on sustainability and technological progress.
Smart Grid Software Market is expected to reach USD 6.4 billion by 2031
The smart grid software market is gaining momentum as utilities modernise their infrastructure to meet the demands of a more sustainable, efficient, and resilient energy system. Smart grid software enables real-time monitoring, intelligent decision-making, and seamless integration of renewable energy sources, helping utilities manage complex grids with greater accuracy and flexibility.
Personal Emergency Response System Market is expected to reach USD 10.2 billion by 2031
The market for Personal Emergency Response System (PERS) is rising steadily because of the increasing elderly population, along with the rising incidences of chronic health conditions, and the demand for independent living solutions. Through technologies like AI, IoT, and mobile connectivity, the capabilities of these devices are being significantly improved, thus increasing their reliability and accessibility. In addition to mobile PERS solutions that are broadening market reach, healthcare systems are also utilizing them to cut costs and enhance the quality of patient care.
Specialty Tin Cans Market is expected to reach USD 1.6 billion by 2031
The Specialty tin cans market is a vital segment of the global packaging industry, focusing on durable, recyclable, and customizable metal containers crafted from tinplate or tin-coated steel. These cans are engineered to meet specific functional and aesthetic requirements, distinguishing them from standard metal packaging.
Advanced Recycling Market is expected to reach USD 4.3 billion by 2031
The advanced recycling market is pivotal in advancing the circular plastics economy, transforming post-consumer recycled (PCR) plastics into virgin-like plastics for high-quality applications. Sustainable plastic solutions leverage chemical and mechanical processes to enhance waste valorisation, converting plastic waste into valuable resources.
Smart Grid Market is expected to reach USD 93.0 billion by 2031
The grid is a well-connected electricity supply network that uses modern digital communication technology to identify and respond in real-time to variations in usage at a locality. This innovative system is part of today's electrical grid network because it is highly sophisticated in feedback management, such as demand response management systems (DRMS) and active network management (ANM), among others.
Ocular Implants Market is expected to reach USD 40.1 billion by 2031
The ocular implants market is growing due to increasing cases of cataracts, glaucoma, and other eye disorders. Rising ageing populations, advancements in ophthalmic implant technologies, and expanding access to eye surgeries are supporting demand for intraocular lenses, corneal implants, and glaucoma drainage devices.
Aerosol Cans Market is expected to reach USD 12.0 billion by 2031
The aerosol cans market is expanding due to increasing demand from personal care, household, pharmaceutical, and food industries. Growth is supported by convenience packaging, rising consumer product usage, and the development of recyclable aluminium and steel aerosol containers worldwide.