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The North America variable frequency drive market is projected to reach US$ 7.79 Bn in revenues by 2027, according to a new research by Future Market Insights. In terms of volume, 6.25 million units of variable frequency drivers are expected to be sold in North America in 2017. The U.S. will continue to dominate sales, accounting for nearly 78% revenue share of the market.

Western Europe to Remain the Largest Market for Specialty Paper

A new study conducted by Future Market Insights (FMI) reveals that demand for automotive brake system and components will be driven by innovation in automotive ingenuity over the next couple of years. Electronics has over time evolved as the most crucial part in automotive. Integration of electronics has provided new growth dimensions to the automotive safety system. With the arrival of advanced electronic brake technology, companies are now looking forward to channelizing resource on further research and product development. The automation sector is always under the radar of regulatory authorities and is required to comply with various rules that are incessantly enforced in the interest of both passenger safety and environmental preservation.

As compared to conventional concrete products, polymer concrete products have been observed to display a superior compressive strength as well as impact strength. Moreover, polymer concrete is capable of enduring high-frequency vibrations and can be used for constructing complex shapes. Therefore, use of the polymer concrete in industrial infrastructures such as waste containers, pump bases, industrial flooring blocks, chemical containments and trench drains has grown significantly over the past couple of years. Recently, Future Market Insights (FMI) conducted a study on the global market for polymer concrete and found that production of polymer concrete is likely to grow from 143,620 Tons in 2015 to 328, 0159.9 Tons by the end of 2027.

The advent of barcode technology has greatly reduced the hassles of tracking supply and commodity sale records for retailers across the globe. Over the years, the technology has been consistently improved and made more efficient. Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. Moreover, the emergence of e-commerce and intra-regional markets that offer specialised services to a wide range of sectors has further expanded its application base. Future Market Insights (FMI) in its latest report titled "Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2017–2027" reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information without making any major manual effort. The technological advantages and cutting-edge features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines as well as their manufacturing dates.

Increasing application of rare earth metals in several key end-use industries is anticipated to fuel their demand over the next couple of years. In addition, major sectors such as energy and automobile are exhibiting a tremendous use of rare earth metals. This, in turn, is favouring the growth of global rare earth metals market. Moreover, consumer electronics devices such as smartphones and tablets are among the major application areas for rare earth metals. Hence, growing popularity of such electronic devices is further propelling the demand for rare earth metals. Future Market Insights (FMI) projects that the global market for rare earth metals, which is currently valued at US$ 3,257.3 Mn will witness a CAGR of 8.5% between 2016 and 2026 to reach US$ 7,362.8 Mn by the end of the forecast period.

The geosynthetics market has been witnessing a phenomenal growth over the past few years. Above-average GDP growth in the developing South Asian economies such as Vietnam, India, and Indonesia has resulted in an exponential growth of construction activities, which in turn is fuelling the demand for geosynthetics across these regions. Moreover, the geosynthetics market is becoming competition-intensive, owing to the presence of a large number of manufacturers.

Global demand for textile colourants was pegged at 5,972 thousand tonnes in 2016. It is projected to increase to 6,248 thousand tonnes in 2017. Demand for textile colourants is anticipated to remain steady on account of growing applications in apparel and automotive industries. Demand is anticipated to remain higher in developing countries, owing to low labour costs and infrastructure development. Asia Pacific accounted for nearly 53% revenue share of the global textiles market in 2014.

Environmental benefits of electric scooters over conventional gasoline-powered scooters is expected to drive their sales over the next couple of years. Not only the prices of electric scooters are being reduced but manufacturers are now introducing a range of new stylish models in order to lure more customers. Moreover, factors such as increasing concerns over fuel conservation and urgency to shift to more fuel-efficient transport systems for day-to-day commutation are also encouraging the use of electronic scooters across the globe.

Sports medicine, an upcoming healthcare field, involves the treatment of various injuries related to sports along with athlete evaluation with a view to improve the athletic performance. Sports sector has witnessed large participation of population in sports. The growth of the sports medicine market can be primarily attributed to the increasing sports injuries. Another aspect that is pushing the growth of the global sports medicine market is the growing technological advancements in the medicine and medical devices sectors that is introducing new products in the market. This has triggered the adoption of sports medicine by consumers on a large scale, thus widening its scope in various application areas. Moreover, influx of new modalities coupled with innovations in the field of regenerative medicine and allografts have contributed to the growth of the global market for sports medicine in recent years. Increasing number of players in the sports medicine, penetration of large players in this field, growing government support and increasing awareness are set to drive the growth of the sports medicine market. However, high prices are associated with sports medicine, especially orthopaedic implants which is challenging the growth of the global market.   The comprehensive research report on "Sports Medicine Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)", skilfully crafted by Future Market Insights reveals various aspects of the global sports medicine market along with key product types and applications, the analysis of which can be used to achieve expansion milestones in the years to come. As per sports medicine market research study, projection is that the market is expected to expand at a robust CAGR of 7.4% throughout the 2017-2022 period of assessment.