Globe News Wire

The global  legal cannabis market  size is expected to reach USD 134.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 25.3% from 2022 to 2030. The increased legalization across different nations of the usage of cannabis-derived products has gained a lot of popularity. Medical cannabis-based has been used in the treatment of various indications like epileptic seizures, nausea related to chemotherapy, anxiety, and other brain-related diseases. Several studies are being conducted for CBD products in various indications. The medical fraternity has slowly increased acceptance of medical cannabis as well as marijuana and its derivatives owing to its legalization by the governments. Some countries like Canada, the U.S., and Uruguay have legalized its recreational use along with medicinal use. Adult use and recreational use of marijuana is readily available in some of the countries’ markets, thereby increasing adoption and...

The global  HVAC systems market  size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years. HVAC Systems Market Segmentation Grand View Research has segmented the global HVAC systems market based on product, end use, and region: Based on the Product Insights, the market is segmented into Heating, Ventilat...

The global  transplantation market  size is expected to reach USD 30.9 billion by the year 2030, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing incidence of organ failure has resulted in massive growth in the transplantation market. Rising demand for transplant products such as tissue products, immunosuppressants, and organ preservation solutions is a major factor anticipated to boost the market’s growth during the forecast period. Thus, many biotechnology and medical device companies have begun to concentrate on the development of advanced transplant products for the management of organ failure. Transplantation Market Segmentation Grand View Research has segmented the global transplantation market on product, application, end-use, and region: Based on the Product Insights, the market is segmented into Tissue Products, Immunosuppressive Drugs and Preservation Solution. Tissue products were the highest revenue-generating segment in 2...

The global  smart antenna market  size is predicted to reach USD 14.49 billion by 2030 and is also anticipated to register a CAGR of 9.68% from 2022 to 2030, according to recent report by Grand View Research, Inc. The growing demand for updated technologies and high-quality wireless communication is driving the deployment of smart antennas. Smart antennas are utilized in various applications, including Wi-Fi, WiMAX, cellular, and RADAR systems. Benefits such as error-free communication, tailored data pathways, easy data flow, and co-channel interference prevention are expected to drive market growth. Smart Antenna Market Segmentation Grand View Research has segmented the global smart antenna market based on application, technology, and region: Based on the Application Insights, the market is segmented into Wi-Fi Systems,WiMAX Systems, Cellular Systems and RADAR Systems The cellular systems segment accounted for the largest market share in 2021. The major application use of sma...

The global  facade market  size is expected to reach USD 336.6 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market. Facade Market Segmentation Grand View Research has segmented the global facade market on the basis of product...

The global  data center power market  size is expected to reach USD 15.0 billion by 2030, expanding at a CAGR of 7.9% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market is majorly driven by the shift in focus of end-users towards hyper-scale and colocation data centers. Rising establishments of such data center facilities are anticipated to result in an increasing demand for data center power equipment during the forecast period. The data center power industry has been significantly impacted by the COVID-19 pandemic. The rapid advancement in the datasets utilized & generated by various companies and individuals has resulted in a rise in data storage demand. Data Center Power Market Segmentation Grand View Research has segmented the data center power market based on product, end-use, and region: Based on the Product Insights, the market is segmented into PDU, UPS, Busway and Others. UPS led the market in 2021. The use of portable ...

The global  nutraceuticals market  size is expected to reach USD 991.09 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.0% from 2021 to 2030. Rising awareness regarding calorie reduction and weight loss in the major markets including the U.S., China, and India is expected to promote the application of the health and wellness segment and thus, in turn, will have a substantial impact on the industry. Nutraceuticals Market Segmentation Grand View Research has segmented the global nutraceuticals market on the basis of product and region: Based on the Product Insights, the market is segmented into Dietary Supplements, Functional Foodand Functional Beverages. The functional food segment led the overall market in 2021 with a revenue share of over 40.0%, followed by  dietary supplements  and functional beverages. Technological upgradation, coupled with progression in product development, is projected to drive th...

The global  wood plastic composites market  is expected to reach USD 15.41 billion by 2030, growing at a CAGR of 11.5% over the forecast period, according to a new report by Grand View Research Inc. The market is driven by the rising demand for sustainable construction materials along with an increase in the renovation and repair activities in the residential sector across the globe. Wood Plastic Composite Market Segmentation Grand View Research has segmented the wood plastic composites market based on product, application, and region: Based on the Product Insights, the market is segmented into Polyethylene, Polypropylene, Polyvinylchloride and Others. ·       The polypropylene product segment led the market and accounted for more than a 12% share of the global revenue in 2021. The  polypropylene  segment is anticipated to see a boom, during the forecast period, owing to its heavy use in the niche application segments such as water-...

The gl obal  excipients market  size is expected to reach USD 9.37 billion by 2030; expanding at a CAGR of 6.0% for the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. globally increasing reach of generic medicines has been a major factor driving market growth. In addition, rising demand for newer excipients owing to the advantages of drug delivery and stability has led to the growth of the market. Excipients Market Segmentation Grand View Research has segmented the global excipients market based on product, and region: Based on the Product Insights, the market is segmented into Polymers, Alcohols, Sugars, Minerals and Gelatin. ·       Polymers, comprising microcrystalline cellulose and pregelatinized starch, emerged as the leading product category in terms of both revenue and volume. ·       It accounted for over 44% of the total revenue in 2021 and almost 40% of th...

The global  gesture recognition market  size is anticipated to reach USD 70.18 billion by 2030, registering a CAGR of 19.1% between 2022 and 2030, according to a new report by Grand View Research, Inc. Increasing digitization initiatives across several industries are key to the rising adoption rate of these solutions. The consumer electronics industry is one of the largest adopters of gesture recognition solutions thanks to their ease of adoption due to low technical complexity for end-users. Adoption of the technology has also significantly increased across other industries. Gesture Recognition Market Segmentation Grand View Research has segmented the gesture recognition market based on technology, industry, and region: Based on the Technology Insights, the market is segmented into Touch-based and Touchless. The touch-based technology segment dominated the market in 2021 with a revenue share of 53.2%. Among its two sub-segments, namely multi-touch system, and motion gesture t...

The global  geosynthetics market  size is expected to reach USD 24.60 billion by 2030, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Rapid infrastructure development in emerging economies, such as India and Brazil, is anticipated to fuel the market growth over the forecast period. Infrastructure development in India, China, and the Middle East in light of regulatory inclination to increase expenditure on road transport is expected to drive the market. The European Union directive 2008/98/EC sets the basic regulations for waste management and ways for efficient landfill containment. Geosynthetics Market Segmentation Grand View Research has segmented the global geosynthetics market based on product and region: Based on the Product Insights, the market is segmented into Geotextiles, Geomembranes, Geonets and Geocells. ·       The geotextiles product segment led the market in 2021 and ...

The global  bearings market  size is expected to reach USD 226.8 billion by 2028, registering a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Bearings are essential in almost every application that involves motion, and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages. Bearings Market Segmentation Grand View Research has segmented the global bearings market based on product, application, and region: Based on the Product Insights, the market is segmented into Ball Bearings, Roller Bearings and Others. ·       The roller bearings segment dominated the market and accounted for the largest revenue ...

The global  software defined radio market  size is anticipated to reach USD 47.74 billion by 2030, registering an estimated CAGR of 8.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Software defined radio (SDR) is a technology that aids in the transmission and reception of high-frequency signals over long distances. It offers benefits while resolving spectrum and wireless communication restrictions. Furthermore, the technology has progressed to the point that software defined radio systems with large bandwidth applications that provide high-quality services are now possible. Countries with a significant modern military presence like the U.S., Japan, Germany, South Korea, and Australia are upgrading their communication systems by integrating software defined radio as the new norm. Software Defined Radio Market Segmentation Grand View Research has segmented the global software defined radio market on the basis of type, component, frequency band, plat...

The global  regenerative medicine market  size is expected to reach USD 57.08 billion by 2027, growing at a CAGR of 11.27% over the forecast period, according to a new report by Grand View Research, Inc. Re cent advancements in biological therapies have resulted in a gradual shift in preference toward personalized medicinal strategies over the conventional treatment approach. This has resulted in rising R&D activities in the regenerative medicine arena for the development of novel regenerative therapies. Regenerative Medicine Market Segmentation Grand View Research has segmented the global regenerative medicine market on the basis of product, therapeutic category, and region: Based on the Product Insights, the market is segmented into Therapeutics, Tools, Banks and Services ·       The therapeutics segment accounted for the maximum revenue share of more than 56% in 2020 and is anticipated to continue its dominance throughout the forecast ...