Electric and Hybrid Vehicle Production Driving Global Brake Friction Parts Market

The demand for brake friction would be fueled by an increase in vehicle production. In the near future, the electric and hybrid vehicle segments are expected to drive demand for brake friction. Eco-friendly and Non-Toxic Brake friction products would be new growth areas. The brake disc and brake pad segments of the brake friction (OE) market are expected to be the fastest growing and highest, respectively.

Alternative Energy Vehicles Driving the Global Automotive Inverter Market

The increase in adoption of alternative energy vehicles, as well as rising concerns about green house gas emissions, are driving the global automotive inverter market. However, considerations such as the scarcity of charging resources stifle overall business expansion. The automotive inverter market research offers a comprehensive view of the technology and materials used in its production.

Increasing Demand for Energy Efficient HVAC Equipment

The HVAC equipment market is projected to grow at a notable CAGR during the forecast period, i.e., 2021-2029, on the back of rapid urbanization and the rising trend of smart homes and work spaces. The unpredictable changes in weather and the rise in temperature are another factor projected to promote the usage of ventilation and cooling equipment, which in turn is anticipated to boost growth.

Cyber Criminals Stealing Billions

The Global Online Payment Fraud Market accounted for $4.6 billion in 2019 and is estimated to be $ 18.6 billion by 2029 and is anticipated to register a CAGR of 15.0%. Online payment scam is an illegal operation, which occurs via the internet. The cyber-criminals have created several methods to misuse and steal important information.

Rising Number of Micro-Hospital Healthcare Facilities to Drive Refurbished Medical Equipment Market

The market for refurbished medical equipment and accessories is projected to grow at a notable CAGR during the forecast period, i.e., 2021 – 2029. Increasing number of healthcare facilities is one of the major factors anticipated to bolster the growth. Growing patient pool, ease of purchase of refurbished medical devices and rising demand for diagnostic equipment drive market growth.

Aviation Biofuel Propels Market Upward

Aviation biofuel is an environment-friendly alternative for traditional jet fuel used in the aviation industry to reduce its massive carbon footprint.  According to an article published by the World Economic Forum on November 17, 2017, aircraft burns 1.5 billion barrels of jet fuel every year and is liable for 12% of all transportation carbon emissions and 2% of global carbon emissions.

Advancements in Technology Develop Leukemia Therapeutics Market

The statistics portray the growing concern for leukemia, which is also raising the need for the effective treatment of the disease. Leukemia, which is a type of cancer disease, is known to affect the lymphatic system and hampers blood cell formation. In the statistics by the World Health Organization, the global cancer burden in the year 2018, rose to 18.1 million new cases and 9.6 million deaths.

Perimeter Security Market Provide Security and Surveillance Against Crimes and Terrorism

The investments for security and surveillance, which forms one of the key focused areas in the smart city development project, has increased significantly around the globe on the back of the growing concern for crimes and terrorism. There is a growing need for deployment of perimeter security solutions to enhance the security and surveillance of the area, and in turn the growth of the market.

Parenteral Nutrition Feeding the Market

Parenteral nutrition is the intravenous administration of liquid nutrients into the patient’s body. This procedure is used in a medical condition where there is obstruction of the gastrointestinal tract and as a result, the patient is not able to get enough nutrients from food by oral means.  This leads to malnutrition owing to a lack of sufficient nourishment in the body.

Growing Cases of Chronic Diseases and Surgical Procedures Boost the Market Growth for Surgical Smoke Evacuation Systems

The Surgical Smoke Evacuation Systems are used in surgical procedure in the operating rooms to avoid the exposure of surgeons, staff and patients to the harmful by-products and gases produced as a result of the surgeries. The market for Surgical Smoke Evacuation Systems is anticipated to record a CAGR of around 7% during the forecast period 2020-2028.

Safety Features and Customer Comfort Drive Aircraft Mounts Market Growth

 

Aircraft mounts are structures that are used for various purposes such as shock absorption, noise reduction, weight distribution, support, and suspension. Since aircraft mounts are generally light in weight with high strength and fracture-resistance, they are generally used in civil aviation aircraft, and in military aircraft such as as fighter jets, and military helicopters.