Blog Posts

The global ball valves market is projected to record a compound annual growth rate of 3.5 per cent during the forecast period [2020-2026]. The growing need for ball valve replacement, growth in energy consumption, increasing industrialization, urbanization, and smart city initiatives across the world are the key factors driving the market.

The global superabsorbent polymer market is expected to register a compound annual growth rate of 4.5 per cent between 2020 and 2026. Superabsorbent polymers refer to the materials with superlative absorbing power, primarily used in disposable personal care products.

The Global Automotive Fuel Tank Market accounted for USD 20.5 billion in 2020 and is projected to reach USD 26.29 billion by 2026. The market is recording a compounded annual growth rate (CAGR) of 4.23 per cent.

The global stationary fuel cell system market size is estimated to account for USD 7.58 billion by 2026. The global fuel cell system market was valued at USD 3.82 billion in 2020, recording a CAGR of 12.10 per cent between 2020 and 2026.

The global driver assistance system (DAS) market accounted for USD 37.28 billion in 2020 and is likely to reach USD 134.9 billion by 2026. The market is recording a CAGR of 23.09 per cent between 2020 and 2026.

The growth of the global marine actuators and valves market size can be attributed to growing seaborne trade, an increase in the procurement of advanced naval vessels, and ongoing upgrades to existing systems in developed countries.

According to the International Data Corporation (IDC), growth in global IT spending is likely to reduce by 3-4 per cent by the end of 2020, owing to the pessimistic business ambience due to the outbreak of the pandemic.

The IoT device management is the process of authenticating, provisioning, configuring, monitoring, and maintaining the device firmware and software that provides its functional capabilities. This creates a high demand for the IOT device management market.

The global HVAC system market size is projected to reach USD 207 billion by 2026, according to a recent study, thereby registering a CAGR of 6 per cent over the forecast period [2020-2026].

Signify Holding, based in Netherlands, is an industry leader in the Global Light Control Switches Market space. The market experience and brand name has allowed it to capitalize on the fundamental market dynamics in the lighting industry and deliver innovative solutions that create value and ensure its growth.