The global solar pumps market is poised to reach US$ 1.96 Bn by 2032, expanding at a CAGR of 8.4% during the forecast period from 2024 to 2032. Government subsidies, increase in the number of agricultural activities, rising need for livestock drinking water facility, ease of convenience and low operation & maintenance cost are expected to drive the solar pumps market. Innovation in technology and services such as solar powered drip irrigation system, floating solar system is anticipated to accelerate the growth of solar pumps.
The combi ovens market worldwide is likely to grow with a CAGR of 10.6% throughout the forecast period from 2024 to 2032. Continued growth in the food industry is the major driving factor for combi ovens market. Combi ovens are designed with all the three techniques (convection, steam, and both) in one machine for cooking.
The global osseointegration implants market is growing proficiently, expected to grow at a CAGR of 7.0%. Osseointegration implants are essentially used for bone anchorage purposes as they remain constant and stable under orthodontic loading. Globally, increasing prevalence for bone related diseases, dental disorders, spinal related issues among the geriatric population, and increasing limb amputation or hip & knee surgical procedures will drive the overall market growth.
In 2020, the global conferencing services market was valued at US$ 16.42 Bn and is expected to grow at a CAGR of 5.6% during the forecast period from 2024 to 2032. Expansion of mobile workforces, globalization of businesses, and flexibility at workplaces are the major factors driving the global conferencing services market growth. Conferencing services have several benefits comprises cost-effective, saves time, increases efficiency and productivity and others.
The global infrared detectors market is expected to expand at a CAGR of 8.7% during the forecast period from 2024 to 2032. Infrared detectors are devices used for detecting infrared radiation by forming IR images from temperature and emissive differences. There are three basic types of infrared detectors namely quantum/photon IR detectors, thermal IR detectors and radiation field detectors. Infrared detectors find applications across both military and civil applications. In case of civil applications, these detectors play a major role in fields such as medical thermography, fire detection, and remote sensing among others.
The wireless microphone market worldwide is expected to raise with a CAGR of 5.4% during the forecast period from 2024 to 2032, starting from US$ 2.44 Bn in 2021. Proliferation of wireless devices and technology up gradation of electronic devices are the major factor for wireless microphone market growth. Rising online training market, growing no. of sports events, and continue increase in the media & entertainment industry are some other factors for market growth.
In 2020, the global child resistant closures market was valued at US$ 1.81 Bn and expected to grow with a CAGR of 6.7% during the forecast period from 2019 to 2029. Child resistant closure market is growing due to worldwide increase in accidental drug intoxication cases among children below 5 years of age. To decrease these accidental cases government is taking initiatives to apply rules for child resistant packaging. For instance, in the U.S., the Poison Prevention Packaging Act (PPPA) listed some special products that should be packed with child resistant closures.
The wind turbine rotor blades market is expected to reach US$ 64.44 Bn in 2032, growing at a CAGR of 12.64% during the forecast period from 2024 to 2032. The rising threat of climate change and global warming has pushed the energy sector for transition towards renewable sources. UN’s Paris climate agreement of 2016 further conveyed the message of unified global effort to enhance the support through financing and technology development.
The global wound irrigation systems market is growing proficiently, expected to grow at a CAGR of 3.8%. Globally, the increasing commonness of chronic wounds with respect to the rising prevalence of diabetes, foot ulcers, pressure ulcers, surgical infection, traumatic wound, and others will drive the overall growth of the market. Adoption of battery-operated wound irrigation systems in the end-user segment is becoming popular due to its ease of operation, convenience, and enhanced safety with maximum output will contribute a significant revenue share.
The dual-in-line memory module sockets market worldwide is expected to grow with a CAGR of 15.0% during the forecast period from 2024 to 2032. The integrated circuits market prominently drives the dual-in-line memory module sockets market. A DIMM socket is made using a series of dynamic, random-access memory (RAM) ICs. The modules are attached with a PCB and are primarily designed for servers and PCs.
