The global mushroom market was valued at USD 50.3 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2030. The growing global demand for protein-rich diets, driven largely by the rising vegan population, is anticipated to be a major factor propelling market growth. Mushrooms are increasingly recognized as a superfood due to their impressive...
The global industrial automation and control systems market was valued at USD 206.33 billion in 2024 and is projected to experience significant growth, with an anticipated compound annual growth rate (CAGR) of 10.8% from 2025 to 2030. This rapid expansion is primarily driven by the increasing demand for greater efficiency, precision, and safety in manufacturing industries. As companies seek to...
The global indoor distributed antenna system (DAS) market was valued at USD 5.28 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2030. The growth of the market is driven by several key factors, including the increasing use of smartphones, tablets, and other wireless devices, all of which create a higher demand for reliable and fast wireless...
The U.S. office furniture market was estimated to be valued at approximately USD 16.64 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2030. The market’s expansion is being driven by several factors, including the increasing construction of households, offices, and commercial complexes. As urbanization continues and the demand for both...
The global orthopedic devices market was valued at approximately USD 60.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2030. This growth is primarily driven by several factors, including the high incidence of orthopedic disorders, an aging global population, increasing cases of degenerative bone diseases, and the rising number of road...
The global hearing aids market was valued at approximately USD 7.96 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.78% from 2024 to 2030. This growth can be largely attributed to several key factors. First, there is a rising adoption of hearing aids as more individuals seek solutions for auditory impairments. Alongside this, there is growing awareness of...
The global vertical farming market was valued at USD 6.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by several key factors, with one of the primary drivers being the increasing adoption of environmentally friendly agricultural practices to produce fruits and vegetables. As the global population...
The global smart factory market was valued at USD 130.25 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030. The expansion of this market is driven by several factors, including the increasing emphasis on energy efficiency, enhanced manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally,...
The global protein ingredients market was valued at USD 77.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. This growth is being driven by an increasing demand for a variety of food products that use protein ingredients, including items like margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages. The growing...
The global nanocellulose market was valued at USD 351.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This growth can be attributed to several key factors, including the increasing demand for nanocellulose in various applications and the broader shift towards bio-based products. Nanocellulose is driving demand in multiple industries...
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