ReleaseWire Connect

Growing need for high productivity as well as reliability in grids have contributed to the growth of the market. Moreover, reduced capital spending has also kept the market prospect high. Rising requirement for smart grid solution is driving the electric power substation automation market worldwide. Capability to reduce the transmission as well as distribution loss would keep the future of the market robust. Lack of skilled resources and high installation cost has hindered the growth of the market to a greater extent. Absence of interoperability policies worldwide too has obstructed the market growth. Recent developments in communication technologies are expected to create greater opportunities worldwide. Efficient energy management solutions for residence and office would open new avenues

Testing for presence of toxic compounds is an important step during the development of new products such as drugs, cosmetics, and food additives, which can save both time and developmental costs as well as reduce the probability of failure during later stages. In vitro toxicity testing is a procedure that helps examine the presence of these toxic compounds over an isolated part of the organism. The increase in number of R&D procedures, which require in vitro testing, ban on animal testing, and increase in awareness about the environmental concerns can boost the market growth.

The global market for industrial emission control systems is estimated to witness significant growth over the forecast period. This market is driven by the change in regulatory environment globally. Industries worldwide need to comply with various international, federal, state, and local government legislations, failing which they would have to potentially face large fines or suspensions in operations. Governments have set out strong regulations for power plants and other emission sources to cut down their carbon and other harmful pollutant footprints. The enforcement of these regulations is expected to provide significant boost to the market.

According to a new report published by Allied Market Research, titled, Travel Retail Market by Product and Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, the travel retail market size was valued at $69.5 billion in 2016, and is projected to reach $125.1 billion by 2023, growing at a CAGR of 8.9% from 2017 to 2023. Perfumes & cosmetics segment in the global travel retail market possesses a strong customer base. Some of the leading companies such as Estee Lauder, LOral, Rituals Cosmetics, Revlon, and others are expanding their businesses by opening their outlets at every international airport with an exclusive and wide range of fragrances and skin care products.

The Ethernet cable market size is projected to reach $376 million by 2022 from $121 million in 2015, growing at a CAGR of 17.7% from 2016 to 2022, according to the new report published by Allied Market Research. The U.S. dominated the North America Premise Cable market in 2015, accounting for a market share of over 71%.

Wireless power transmission has great demand in the consumer electronics, for example laptop, tablets, smartphones and other devices. Furthermore, the technology is rapidly being implemented in sectors such as defence and healthcare.

The growing number of industries across Asia-Pacific region has fueled the demand for cleanroom disposable gloves market. Semiconductor industry was the highest revenue generator in Asia-Pacific market and anticipated to grow at the CAGR of 9.2% from 2016 to 2022, owing to the high use of cleanroom disposable gloves by cleanroom personnel to avoid cross contamination of the manufactured products. In addition, emergence of cleanroom customized gloves for different industries to maintain cleanroom environment has added advantage to the manufacturers as these gloves are costly and generates higher revenue compared to regular gloves. Therefore, increasing consumer bases, rising awareness and growing demand have propelled the cleanroom disposable market in Asia-Pacific.

According to a new report published by Allied Market Research, titled, Connected Gym Equipment Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the connected gym equipment market size was valued at $159 million in 2016, and is projected to reach $1,048 million by 2023, growing at a CAGR of 31.1% from 2017 to 2023. Cardiovascular training equipment in the global connected gym equipment market possesses a strong customer base. Demand for cardio equipment equipped with CSAFE connectivity, and compatibility with smartphones, iPod, and iPad is relatively much higher in the developed countries including the U.S., UK, and others. In addition, treadmills and stationary bicycles account for the most widely used type of cardiovascular equipment for weight management and overall body fitness.

IVF procedures have emerged as a preferable choice for the fertility treatment in Asia-Pacific. Factors, such as the delayed pregnancies due professional commitments, rise in lifestyle driven infertility, growing trends towards financial stability, and emergence of new fertility tourism destinations is largely contributing to the growth of the Asia-Pacific IVF market. However, factors such as high costs, ethical and religious considerations, inadequate IVF reimbursements are likely to restrain the market growth.

Conveyor Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $7,573 million by 2022, registering a CAGR of 4.3% during the period 2016-2022. Europe is expected to dominate throughout the forecast period due to boost in the e-commerce retail industry. Asia-Pacific region is expected to grow at the fastest rate owing to extensive demand from china and India.