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Showing posts from May, 2024

Industry Experts, Inc. Projects Global Medical Engineered Materials Demand to Touch 38 Billion by 2030 – Market Trends and Forecast 2024-2030

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Industry Experts, Inc unveiled the new global market research report, on Medical Engineered Materials, entitled " Medical Engineered Plastics – A Global Market Overview ". According to this new report, the largest market for medical engineered materials is the medical disposables with an expected US$9.4 billion in 2024 and the segment is also projected to be the fastest growing during the analysis period 2024-2030. In broad terms, Medical Engineered Materials can be referred to as specialized medical-grade materials that are utilized for medical and healthcare purposes. These materials are subjected to a number of design and approval processes, so that they can be used in manufacturing a variety of products and solutions for the medical sector. While North America leads the global demand for Medical Engineered Materials, with a share of over 35% estimated for 2024, Asia-Pacific is likely to emerge as the fastest growth market with growth rate compounded at over 11% during t...

Ongoing Transition from Wood Coupled with Growing Emphasis on Sustainability to Drive Demand for Wood Plastic Composites (WPC) to Reach US$10B by 2029

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Industry Experts, Inc published the new global market research report, on Wood Plastic Composites (WPC). As per this new report entitled " Wood Plastic Composites (WPC) – A Global Market Overview ", Building & Construction accounts the largest global share of over 80% market in terms of both volume and value in 2023 while Consumer Goods is anticipated to grow faster with over 10% CAGR during the period 2023-2029. The global WPC market is poised for further growth, driven by the increasing demand for sustainable and eco-friendly materials, advantages over traditional materials, growing demand for outdoor living products, positive momentum in the residential repair and remodeling sector and growth in overall construction and infrastructure development activities across the globe. With ongoing conversion from wood and a growing emphasis on sustainability, the WPC products market is expected to continue expanding in the coming years. Asia-Pacific is the world's largest ...

IoT, AI and Factory Automation to Drive Demand for Industrial Sensors to Reach $48 Billion by 2029 | Market Report (2023-2029) by Industry Experts, Inc

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Industry Experts, Inc. introduced the new global market research report on industrial sensors. According to this new report entitled " Global Industrial Sensors Market – Sensor Types, Functionality Types and End-Use Sectors ", Asia-Pacific is the largest market for industrial sensors in 2023 with a global share of 31% while North America and Europe closely follow, occupying 25% and 22% respectively in the same year. Industrial sensors offer the capability of perceiving a physical quantity at the input point and transmitting an equivalent electrical output at the output point. Sensors, being devices that convert one form of energy into another, are considered to be transducers. In simple terms, sensors are able to detect their surroundings and transform that input into an output capable of being comprehended by a computer or a process controller. Irrespective of complexity, the role played by industrial sensors in virtually every modern manufacturing process is highly signif...