The global Machine Vision Market is estimated to be USD 9.5 billion in 2020 and is predicted to reach USD 12.9 billion by 2025, growing at a CAGR of 6.0% during the forecast period.
The global automotive V2X market is estimated to be USD 700.0 million in 2020 and is further expected to witness CAGR of 40.0% during the forecast period.
Electric Vehicle (EV) and Electric Vehicle (EV) Infrastructure market size is estimated to reach 3.5 million units in 2020. The EV and EV infrastructure market is primarily driven by strong government intent towards its pledge to reduce air pollution through favorable policies, tax rebates, and subsidies. Moreover, advancements in the technology is helping in substantial cost cuts. This will increase its affordability to the people of lower section of the society in the developing world.
The global water treatment chemicals market is estimated to be USD 29.9 billion in 2020 and is predicted to reach USD 34.9 billion by 2025, growing at a CAGR of 3.1% during the forecast period (2020–2025).
Global Test and Measurement Equipment Market is estimated tobe USD 26.3 billion in 2020 and is predicted to reach USD 31.0 billion by 2025, growing at a CAGR of 3.3% during the forecast period. Some of the major factors responsible for the growth of test and measurement equipment across the globe are increase in uses in the IT & telecommunications sector, technological advancement, and increase in demand for electronic devices.
The global electric bus charging station market is projected to reach USD 11.4 billion by 2024, registering a CAGR of 9.5% during the forecast period. Increasing adoption of electric buses in public transportation system, supporting government initiatives and schemes, and growing investment towards charging station infrastructure are the major factors leading to the growth of the global electric bus charging station market.
The Increasing e-retail industry, growing investments by retail companies in AI technology, and growing mobile internet penetration are the major factors leading to the high demand of AI in retail market.
Globally, key players in the aromatherapy market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In November 2015, doTERRA International LLC opened a new production center in Singapore, to allow better access to its essential oils and products.
Globally, network connected medical devices industry players are undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.
Globally, blockchain industry players are leveraging market growth through the formulation of several policies and reforms by a government organization in various developed as well as developing economies along with entering into several partnership agreements.