ReleaseWire Connect

Infrared LED market size is expected to grow at over CAGR 9% from 2016 to 2023. Surging adoption of electronic devices among consumers is likely to drive industry demand. Rapid growing popularity of these devices among consumer DIY (do-it-yourself) security cameras is also anticipated to contribute in global revenue.

Tissue engineering market size was valued at USD 5 billion in 2015 and is anticipated to exhibit significant growth over the next seven years. Rising need to bridge the organ demand and supply gap is expected to drive industry demand.

Urinalysis market size was valued at over USD 1 billion in 2015, and is set to exceed USD 2.1 billion by 2023. Government initiatives to improve the health index accompanied by growing medicinal awareness are forecast to stimulate global urinalysis market growth.

Automotive plastics market size is anticipated to register USD 53.8 billion by 2022; as per a new research report by Global Market Insights, Inc. Improvement in vehicle design coupled with growing emission control & weight reduction norms is likely to drive automobile market. Technology innovation with respect to design parameters and aesthetics is likely to drive demand.

Flooring market size is estimated to be valued at USD 418.86 billion by 2022, as per a new research report by Global Market Insights, Inc. Innovative solutions in construction coupled with escalating demand for insulation is likely to boost global demand.

Global solid waste management market size was valued at more than USD 180 billion in 2015 and is estimated to exceed USD 300 billion by 2023, growing at a CAGR of over 8.5%.

Hydronic underfloor heating market provides comfort to the consumers as the radiant heat is uniformly distributed throughout the area. Global underfloor heating market size is likely to exceed USD 8 billion by 2023, with gains forecast at over 8% from 2016 to 2023. Increasing concerns related to energy efficiency and environment is anticipated to drive industry demand. In addition, rising awareness regarding benefits offered is also expected to fuel the demand growth over the forecast period.

GPS fitness device market size is anticipated to reach USD 3 billion by 2023, growing at a CAGR of around 15% from 2016 to 2023. The surge in the demand for these devices can be attributed to the rising health awareness among consumers for heart rate monitors as well as other wearable devices. The number of these devices is likely to reach 120 million units by 2023.

Wastewater treatment equipment market size was worth over USD 35 billion in 2015, and is expected to reach more than USD 55 billion by 2023, growing at a CAGR of more than 6% from 2016 to 2023.

Industrial lighting market size is estimated to witness significant gains by 2023. The growth in the industry can be attributed to rising population, increasing income and swiftly urbanization. In addition, proliferating concerns for insufficiency of resources along with climate changes might positively impact the industry growth over the few upcoming years.