The global lighting control systems market was valued at US$ 14.5 Bn in 2017 and likely to witness a substantial growth, expanding at a CAGR of 14.2% during the forecast period from 2018 to 2026. The growth of this market is mainly credited to the increasing awareness about energy conservation worldwide.
Lumber equipment market registered the global market value of US$ 44.8 Bn in 2017 and expected to exhibit a growth with a CAGR of 3.72% across the forecast period from 2018 to 2026. Lumber equipment used to manufacture wooden products with greater precision, quality and scale than manual processing.
Optical coherence tomography (OCT) is a non-invasive imaging technology to obtain detailed picture of biological tissue and this high resolution procedure involves near infrared light unlike ultrasound. The wide range application of OCT has evolved with time from ophthalmology to cardiology, dermatology and in research field of life science in order to study the internal structure. The accurate and precise visualization by OCT device increase its demand and so its market.
The global market for furniture stood at US$ 491.2 Bn in 2017 and expected to reach US$ 726.7 Bn by 2026, expanding at a CAGR of 4.6% during the forecast period from 2018 to 2026. North America dominated the global furniture market in 2017, followed by Europe. However, Asia Pacific is identified as the fastest growing market for furniture during the forecast period.
Global fuel cells market was valued at US$ 3.5 Bn in 2017 and set to grow at a CAGR of 19.6% throughout the forecast period from 2018 to 2026. Technological advancement, government mandates on environment safety and subsidiaries along with improved manufacturing efficiencies are some of the prime factors accounted for exaggerated demand for fuel cells worldwide.
In terms of value, the global footwear market stood at US$ 222.4 Bn in 2017 and expected to reach 292.7 Bn by 2026, expanding at a CAGR of 3.1% during the forecast period from 2018 to 2026. Asia Pacific dominated the footwear market in 2017 and expected to remain dominant throughout the forecast period. The region expected to witness the fastest growth during the forecast period.
Floor grinding machines specifically designed to grind rough particles from surface through utilization of abrasives, bounded to form rotating wheels. These machines are usually equipped with advanced power adjustment features to handle stress required by different floor types. Global floor grinding machines market was valued at US$ 424.7 Mn in 2017 and set to grow at a CAGR of 4.1% throughout the forecast period from 2018 to 2026.
The flake ice machine market was valued at US$ 1.77 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 8.2% from 2018 to 2026. One of the most important advantages of flake ice is, being thin, flake ice do not damage the delicate fish skin.
Fiber optic sensors have offered a viable solution for various industry verticals including industrial manufacturing & processing, oil & gas, energy & utilities, transportation, healthcare and others. Some of the key benefits offered by the fiber optic sensors include ease of installation, distributed measurements all across the fiber length and cost effectiveness.
Evaporative air cooler is an economical and pollutant free replacement over traditional air conditioning systems. Increasing demand for low cost, energy efficient and environment friendly alternative for cooling makes evaporative air coolers market promising. Growing awareness regarding environment preservation, in terms of eliminating air and water pollutants (e.g. oil, refrigerants etc.) is expected to continue driving the evaporative air conditioner market growth in coming years.
Measurement techniques have been of great significance since the start of human civilization. In the 19th century, industrial revolution brought a rapid development in new measurement techniques and instruments to meet the needs of industrialized production techniques. The market for electronic weighing scales likely to witness a substantial growth owing to the constant need for determining exact weight.
The electric vehicle battery market was valued at US$ 2.24 Bn in 2017 and expected to grow at a CAGR of 20.2% during the forecast period from 2017 to 2026. The electric car revolution has become a hot investing theme in recent years as many believe it will transform the future of transport.
The global market for earth moving equipment was valued at US$ 81.5 Bn in 2017 and expected to cross US$ 148.0 Bn by 2026 at a CAGR of 7.0% from 2018 to 2026. The market for earth moving equipment is expected to witness considerable growth with improving economic conditions and resurgence in construction industry.
The disc brake systems market was valued at US$ 36.45 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 4.5% from 2018 to 2026. The most prominent factor aiding the disc brake systems market growth is the rising motor vehicle production across the world. For instance, the world motor vehicle production increased by 4.5% in 2016 over 2015.
Compression garments apply pressure on the veins, which in turn enhance the blood flow and increase rate of oxygen delivery to the muscles. Compression wear postoperatives and sports garments are so designed to prevent the common problems associated with surgeries and exercise. Factors such as increasing preference to exercise and sports, health and wellbeing, growing rates of asthetic procedures such as liposuction, diabetes and recurrent wound trauma are driving the market for compression garments.
The global commercial cooking equipment market is anticipated to register strong growth in the coming years due to increasing need for energy-efficient and certified cooking equipment. Commercial cooking equipment are primarily used in hotels, restaurants and other commercial kitchens for aiding staff in easy food preparation.
The cold compression devices market will achieve a stable growth with a CAGR of 4.8% during the forecast period from 2018 to 2026. Cold compression therapy popularly known as hilotherapy follows the fundamentals of rest, ice, compression and elevation (RICE). It is beneficial in reducing inflammation, swelling, edema and reduction in pain by promoting vasoconstriction on the site of injury and numbing pain by reducing the nerve conduction velocity. It has a faster onset of action and minimal side effects in comparison to NSAIDS.
The global coin counting machines market is expected to witness steady growth, expanding at a CAGR of 4.3% during the forecast period from 2018 to 2026. Coin counting machines have emerged as one of the most promising solutions for counting loose coin collections. Before the introduction of these machines, the process of coin counting was done manually and was cumbersome and time consuming.
The global clot management devices market is expected to retain steady growth due to rising prevalence of peripheral artery diseases, venus thromboelbolism, coronary diseases and so on.
Bulletproof Security Glass Market is expected to reach US$ 11.36 Bn by 2026 with 11.3% CAGR during the forecast period from 2018 to 2026. In 2017, North America led the bulletproof security glass market and is estimated to be the fastest growing region between 2018 and 2026.
With higher disposable income and increasing consumer awareness the consumer goods industry is a high trajectory phase. The growth opportunities are infinite and emerging market is seeing an exponent consumer pull demand.