CMI Latest Insights

  The global Security Robot Market is estimated to be valued at US$ 11.8 billion in 2022 and is expected to exhibit a CAGR of 12.87% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Security robots are autonomous machines designed to enhance security and surveillance activities. These robots are equipped with advanced technologies, such as artificial intelligence, machine learning, and computer vision, to perform various security tasks efficiently. The need for improved security measures and the increasing adoption of automated security systems in various end-use industries are driving the demand for security robots. Security robots offer numerous advantages over traditional security measures. They can be deployed in hazardous environments, providing real-time monitoring and threat detection without risking human lives. These robots can patrol large areas consistently and can be programmed to follow predefi

  The global SCADA market is estimated to be valued at US$ 9.99 billion in 2022. The market is expected to exhibit a CAGR of 8.00% over the forecast period of 2023-2030, according to a new report published by Coherent Market Insights. A) Market Overview: SCADA, or Supervisory Control and Data Acquisition, is a system that enables real-time monitoring and control of industrial operations. It consists of hardware and software components that collect data from various sensors and devices, allowing operators to remotely monitor and control processes. SCADA systems are widely used in industries such as oil and gas, power generation, water and wastewater treatment, manufacturing, and transportation. The advantages of SCADA systems include improved operational efficiency, reduced downtime through early fault detection, enhanced safety and security measures, and increased productivity. With the growing need for automation and monitoring systems across various industries, the demand for SCAD

  The global Programmable Logic Controller (PLC) market is estimated to be valued at US$ 11.6 billion in 2021 and is expected to exhibit a CAGR of 5.4% over the forecast period of 2021 to 2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Programmable Logic Controllers (PLCs) are digital computers used to automate various industrial processes. They are used to control machinery and equipment on factory assembly lines, including robotic devices, motors, pumps, and other automated systems. PLCs offer numerous advantages such as high-speed processing, easy programming, reduced labor costs, enhanced productivity, improved accuracy, and increased product quality. With increasing automation across industries, the demand for PLCs is expected to witness significant growth. B) Market key trends: One key trend in the global Programmable Logic Controller market is the integration of IoT (Internet of Things) technology with PLCs. IoT integration enabl

  The global Phosphatidylserine Market is estimated to be valued at US$ 1.89 Bn in 2020 and is expected to exhibit a CAGR of 6.3% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Phosphatidylserine is a phospholipid that plays a vital role in maintaining cell structure and function, particularly in the brain. It is naturally present in small amounts in certain foods, but it is also available as a dietary supplement. Phosphatidylserine supplements are known for their cognitive health benefits, including enhancing memory, improving focus and concentration, and reducing mental stress and fatigue. The increasing focus on cognitive health and the rise in demand for brain-boosting supplements are driving the growth of the global phosphatidylserine market. B) Market Key Trends: One key trend in the phosphatidylserine market is the growing popularity of nootropic supplements. Nootropics, also known as smart drugs

  The global Pelargonic Acid market is estimated to be valued at US$ 162.21 Mn in 2020 and is expected to exhibit a CAGR of 5.83% over the forecast period 2021 to 2027, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Pelargonic acid is a naturally occurring fatty acid that is derived from plants such as Pelargonium graveolens (geraniums) and Pelargonium radula. It is commonly used in industries such as agriculture, cosmetics, and pharmaceuticals. The acid is known for its herbicidal properties and is used as a non-selective herbicide. It offers several advantages such as its biodegradability, low toxicity, and effectiveness against a wide range of weeds. The increasing demand for sustainable chemicals and the growing use of pelargonic acid in various applications are driving the growth of the market. B) Market Key Trends: One key trend in the global Pelargonic Acid market is the growing adoption of organic farming practices. With the increasi

  The global Tamiflu (oseltamivir phosphate) market is estimated to be valued at US$ 889.2 million in 2022 and is expected to exhibit a CAGR of 1.2% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Tamiflu (oseltamivir phosphate) is an antiviral medication primarily prescribed for the treatment and prevention of influenza (flu) in adults and children aged 1 year and older. It is effective against both influenza A and B viruses. Tamiflu works by inhibiting the growth of the virus and reducing the severity and duration of flu symptoms. The need for Tamiflu arises due to the frequent outbreaks of influenza, especially during flu seasons. Influenza can lead to severe illness, hospitalization, and even death, making it crucial to manage and control its spread. Tamiflu plays a vital role in reducing the impact of influenza outbreaks by providing timely treatment and preventing further transmission. B) Market K

  The global SURF market is estimated to be valued at US$ 34.1 billion in 2021 and is expected to exhibit a CAGR of 12.9% over the forecast period of 2022 to 2030, as highlighted in a new report published by Coherent Market Insights.   A) Market Overview: The SURF market consists of subsea umbilicals, risers, and flowlines that play a crucial role in offshore oil and gas production operations. Subsea umbilicals are used to transfer power, chemicals, and communications signals between the surface facilities and the subsea wells. Risers are vertical pipelines that connect the subsea wells to the surface facilities for the transfer of produced hydrocarbons. Flowlines are horizontal pipelines that transport the produced hydrocarbons from the riser to the processing facilities onshore.   B) Market Dynamics: 1. Increasing Offshore Exploration and Production Activities: The SURF market is driven by the growing demand for oil and gas globally, leading to increased offshore exploration and prod

  The global Stationary Energy Storage Market is estimated to be valued at US$ 35.17 billion in 2022 and is expected to exhibit a CAGR of 23.64% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Stationary energy storage refers to the storage of electrical energy for later use. These storage systems help in balancing the supply and demand of electricity and provide backup power during periods of high demand or grid failure. The advantages of stationary energy storage systems include increased grid resilience, integration of renewable energy sources, peak shaving, and load shifting. These benefits make them crucial for industries such as agriculture, healthcare, manufacturing, and residential sectors. B) Market Key Trends: One key trend driving the growth of the Stationary Energy Storage Market is the rise in demand for renewable energy integration. With the global focus shifting towards sustainable and clea

  The global In Silico Clinical Trials Market  is estimated to be valued at US$ 3,173.1 Mn in 2022 and is expected to exhibit a CAGR of 7.95% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Silico Clinical Trials are virtual trials conducted using computer models and simulations to evaluate drug efficacy and safety. These trials provide several advantages over traditional clinical trials, such as reduced time and cost, ethical considerations, and the ability to collect large amounts of data. Virtual trials eliminate the need for physical participation, making it more convenient for patients and reducing the burden on healthcare systems. They also allow for the exploration of various drug combinations and dosages, accelerating the development of personalized medicine. B) Market Key Trends: One key trend in the In Silico Clinical Trials Market is the growing demand for virtual clinical trials. With advancem

  The global Textile and Apparel Market is estimated to be valued at US$ 2467.5 billion in 2021 and is expected to exhibit a CAGR of 3.88% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The Textile and Apparel industry encompasses various products such as garments, fabrics, home textiles, and industrial textiles. These products find applications across numerous sectors including fashion, sports, healthcare, automotive, and more. The market offers a wide range of advantages such as comfort, durability, and versatility. With the rise in disposable income and changing fashion trends, the demand for textile and apparel products is witnessing significant growth. B) Market key trends: One key trend driving the growth of the Textile and Apparel Market is the increasing demand for sustainable fashion. Consumers are becoming more conscious about the environmental impact of the fashion industry and are actively seek

  The global Scalp Care market is estimated to be valued at US$ 12,204.6 Mn in 2021 and is expected to exhibit a CAGR of 4.02% over the forecast period of 2022-2028, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Scalp care products refer to a range of products designed to maintain and improve the health of the scalp. These products include shampoos, conditioners, serums, oils, and treatments specifically formulated to address scalp issues such as dandruff, dryness, itchiness, and sensitivity. The increasing prevalence of scalp-related problems, growing awareness regarding scalp health, and rising consumer preference for natural and organic products are driving the demand for scalp care products. B) Market Key Trends: One key trend observed in the global scalp care market is the rising demand for natural and organic products. Consumers are becoming increasingly conscious of the ingredients used in their personal care products and are optin

  The global Reusable Barrels market is estimated to be valued at US$141.9 million in 2022 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Reusable barrels are gaining popularity in the beverage industry, especially in the whiskey and bourbon production sector. These barrels offer several advantages, such as enhanced flavor profiles and reduced production costs. Craft distilleries are on the rise, boosting the demand for reusable barrels as they provide an affordable solution for small-scale production. Additionally, these barrels enable distillers to experiment with different aging techniques, resulting in unique and high-quality spirits. B) Market Key Trends: One key trend driving the growth of the global Reusable Barrels market is the increasing number of craft distilleries. The craft spirits industry has witnessed significant growth over the past decade, with

  The global Cycling Wear Market is estimated to be valued at US$ 3,743.8 million in 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Cycling wear refers to specialized clothing and accessories designed for cyclists. These include jerseys, bib shorts, jackets, gloves, helmets, shoes, and socks, among others. Cycling wear offers numerous advantages such as moisture-wicking properties, durability, breathability, and aerodynamic designs, which enhance the performance and comfort of cyclists. With a growing focus on fitness and increasing participation in cycling as a recreational and professional sport, the demand for cycling wear has witnessed significant growth. The need for specialized clothing and accessories that provide comfort, protection, and performance benefits while cycling has fueled the market growth. B) Market Key Trends: One key trend in the global