Daily Market News

  The global engineering plastics market was valued at USD 133.62 billion in 2023 and is projected to reach USD 230.64 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. Market growth is primarily fueled by the rising demand across a wide range of end-use industries, including packaging, automotive, and construction. Engineering plastics are increasingly preferred over conventional materials due to their lightweight properties, exceptional durability, and cost-effectiveness, which contribute to reduced production costs and improved product performance. Engineering plastics differ from commodity plastics in that they offer superior mechanical and thermal properties, making them suitable for applications that require high strength, chemical resistance, and long-term performance. This makes them ideal for manufacturing automotive components, electronic housings, high-performance packaging materials, and construction parts. The m...

  The global energy management systems (EMS) market was valued at USD 53.26 billion in 2024 and is projected to grow to USD 111.86 billion by 2030, representing a robust compound annual growth rate (CAGR) of 13.0% from 2025 to 2030. The growing adoption of systematic energy use management in public, industrial, and commercial organizations is significantly boosting the demand for EMS solutions. Organizations are increasingly prioritizing energy efficiency to reduce operational costs, meet sustainability goals, and comply with evolving regulatory frameworks. A major driver of market growth is the rapid digitization of the energy landscape, coupled with a notable shift towards electrification in transportation, manufacturing, and infrastructure. This transformation is increasing the need for integrated technology platforms that can monitor, control, and optimize available energy sources in real time. As businesses and utilities seek greater efficiency and reliability, ...

  The global endoscopy procedures estimates market was valued at 191.1 million procedures in 2024 and is projected to reach 207.5 million procedures by 2030, expanding at a compound annual growth rate (CAGR) of 1.38% from 2025 to 2030. This steady growth is supported by multiple factors, including the rising adoption of elective endoscopic procedures, increasing healthcare expenditure in both developed and emerging economies, and the rapidly growing geriatric population, which is more prone to conditions requiring diagnostic and therapeutic endoscopic interventions. An important indicator of this trend is highlighted in a study published by John Wiley & Sons, Inc. in August 2023, which reported that 5,904 endoscopic procedures were performed in Australia in 2022. The overall market expansion is strongly influenced by the increasing preference for minimally invasive or “keyhole” surgeries among both patients and healthcare providers. Globally, surgeons are opting ...

  The global DC-DC converter market size was valued at USD 10.79 billion in 2023 and is projected to reach USD 22.37 billion by 2030, growing at a robust CAGR of 11.4% from 2024 to 2030. This strong growth trajectory is primarily fueled by the rising demand for energy-efficient power conversion solutions across multiple industries, where minimizing power loss and maximizing efficiency are becoming top priorities. One of the key growth drivers is the rapid expansion of renewable energy sources such as solar and wind power. These energy systems require highly efficient DC-DC converters for effective power management, voltage regulation, and integration into existing grids. Without such converters, fluctuating output from renewable sources cannot be reliably converted to usable energy, making them essential components in modern green energy infrastructures. The increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) is another significant fact...

  The global data center transformation market size was valued at USD 12.40 billion in 2024 and is projected to reach USD 28.62 billion by 2030, growing at a CAGR of 15.7% from 2025 to 2030. This rapid growth reflects the increasing strategic priority organizations are placing on upgrading and re-architecting their existing data center infrastructure. As more enterprises adopt hybrid cloud models, they require highly scalable, secure, and agile computing environments that can adapt to evolving business and technological needs. This shift is driving substantial investment in the transformation of traditional data centers into modern, cloud-compatible facilities. Data center transformation encompasses a broad range of activities, including the modernization of IT infrastructure through virtualization, automation, and the deployment of advanced networking solutions. These upgrades are designed to optimize system performance, improve operational efficiency, and significa...

  The global data center accelerator market was valued at USD 17.67 billion in 2024 and is projected to reach USD 63.22 billion by 2030, growing at a compound annual growth rate (CAGR) of 24.7% from 2025 to 2030. Data center accelerators including Graphics Processing Units (GPUs), Field Programmable Gate Arrays (FPGAs), and Application-Specific Integrated Circuits (ASICs) are specialized hardware components designed to handle highly data-intensive workloads far more efficiently than traditional Central Processing Units (CPUs). They are essential in scenarios where computational speed, parallel processing capability, and energy efficiency are critical. The demand for these accelerators is being driven predominantly by hyperscale data centers and leading cloud service providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. These technology giants rely on high-performance hardware to meet the increasing computational requirements of artificial in...

  The global cryogenic valves market size was valued at USD 3.63 billion in 2024 and is projected to reach USD 5.40 billion by 2030, growing at a CAGR of 6.9% from 2025 to 2030. This robust growth can be attributed to the rising adoption of cleaner and more sustainable energy sources, particularly liquefied natural gas (LNG), which is increasingly being used as an alternative to conventional fossil fuels. With global efforts to cut carbon emissions and transition toward low-carbon energy systems, LNG has emerged as a viable option for diverse applications such as transportation, power generation, and industrial processes. This shift requires the development and expansion of highly reliable cryogenic infrastructure, in which cryogenic valves play a critical role in ensuring the safe handling, storage, and transport of liquefied gases at extremely low temperatures. Beyond the energy sector, the healthcare and biotechnology industries are also contributing to market gr...

  The global cosmeceutical market was valued at USD 67.1 billion in 2024 and is projected to reach USD 84.6 billion by 2030, growing at a CAGR of 3.9% from 2025 to 2030. Growth in this sector is largely fueled by increasing consumer awareness and demand for anti-aging and skincare products. With more people prioritizing skin health and appearance, cosmeceuticals products that combine cosmetic appeal with therapeutic benefits through active ingredients have gained immense popularity. These products bridge the gap between beauty and dermatology, offering solutions that not only enhance appearance but also deliver measurable skincare benefits. A key driver is the growing preference for multifunctional skincare solutions that address multiple concerns such as wrinkles, hyperpigmentation, acne, and dryness. Advancements in dermatological science and innovative formulations are bringing to market highly effective, science-backed products that appeal to consumers seeking v...

  The global copper foil market was valued at USD 11.2 billion in 2024 and is projected to reach USD 21.99 billion by 2030, growing at a CAGR of 13.0% from 2025 to 2030. This rapid growth is fueled by the expansion of electric vehicles (EVs), increasing digitalization, and the shift toward clean energy solutions. Copper foil is a crucial material in modern technology and infrastructure, serving as a core component in electronics, batteries, and renewable energy systems. Its exceptional conductivity, durability, and malleability make it indispensable for applications ranging from printed circuit boards (PCBs) to lithium-ion battery anodes. The market growth stage is high, with the pace of expansion accelerating due to the rising adoption of clean and renewable energy in power generation and the electrification of industrial and consumer applications. As industries transition to sustainable energy sources, the demand for high-performance copper foils for solar panels, ...

  The global embedded system market was valued at USD 112.3 billion in 2024 and is projected to grow to USD 169.1 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.1% from 2025 to 2030. This growth is largely driven by the increasing integration of embedded technologies in smart and connected devices such as wearables, smartphones, and IoT-enabled gadgets. These technologies are essential to ensuring smooth operation, improved connectivity, and energy-efficient performance in modern electronic devices, making embedded systems a critical component of next-generation consumer electronics. One of the most prominent factors influencing the expansion of the embedded system market is the growing elderly population and the rising incidence of lifestyle related health conditions. These demographic and health trends are expected to lead to greater use of embedded systems in medical and healthcare electronics, including diagnostic equipment, wearable heal...

  The global embedded AI market size was estimated at USD 9,966.3 million in 2024 and is projected to reach USD 21,930.4 million by 2030, expanding at a compound annual growth rate (CAGR) of 14.1% from 2025 to 2030. This significant growth trajectory is largely driven by the increasing need for intelligent and autonomous systems that can deliver personalized, adaptive, and real-time experiences across various sectors. As industries move toward greater digitization, embedded AI is becoming a key enabler of smarter, faster, and more context-aware applications. The widespread adoption of connected devices and Internet of Things (IoT) ecosystems is another major factor propelling the market. These interconnected environments rely heavily on embedded AI to ensure seamless communication, intelligent decision-making, and efficient data processing at the edge. This helps improve operational efficiency and responsiveness in real-time applications such as autonomous driving, ...

  The global electronic cash register (ECR) market size was valued at USD 7.01 billion in 2024 and is projected to grow substantially, reaching USD 20.48 billion by 2033. This indicates a robust compound annual growth rate (CAGR) of 12.5% from 2025 to 2033. The primary driver of this strong growth is the ongoing digital transformation across the retail and hospitality industries, where businesses are increasingly seeking advanced, compact, and cost-effective point-of-sale (POS) solutions to enhance operational efficiency and customer experience. As small and medium-sized enterprises (SMEs) modernize their billing and transaction systems, the adoption of portable and integrated electronic cash registers has surged. These modern ECR systems not only perform basic billing functions but also help businesses streamline operations, manage real-time inventory tracking, and accept a wide range of payment methods, including mobile wallets, NFC-enabled contactless cards, and Q...

  The global electric powertrain market was valued at USD 83.30 billion in 2022 and is projected to grow significantly to reach USD 260.91 billion by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 15.3% from 2023 to 2030. The growth of this market has been influenced by several key factors, including both challenges and opportunities that have emerged over recent years. During the COVID-19 pandemic, the automotive industry faced widespread disruptions, including factory shutdowns, supply chain interruptions, and reduced consumer demand. These disruptions led to a noticeable decline in the electric powertrain sector, as new vehicle sales dropped and automakers faced uncertainty. The low automotive sales during this period hindered the expansion of electric powertrain adoption, delaying investment in electric vehicle (EV) infrastructure and innovation. Despite this setback, the market has rebounded due to the post-pandemic recovery in electric vehicle sale...

  The global electric power steering (EPS) market was valued at USD 25.32 billion in 2023 and is expected to grow significantly to reach USD 39.27 billion by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This robust growth trajectory is largely driven by the increasing popularity and development of autonomous and semi-autonomous vehicles, which require highly responsive and integrated steering systems. EPS has emerged as a modern and efficient alternative to conventional steering mechanisms like hydraulic and electro-hydraulic systems. Unlike these traditional systems, EPS does not rely on hydraulic fluid, making it more energy-efficient and environmentally friendly. One of the major benefits of adopting EPS is the reduction in overall vehicle weight, which directly contributes to improved fuel efficiency. Additionally, EPS systems offer superior steering precision, driver comfort, and safety, which are ...

  The global educational toys market was valued at approximately USD 54.00 billion in 2023 and is anticipated to grow significantly, reaching around USD 118.79 billion by 2030. This reflects a compound annual growth rate (CAGR) of 12.0% from 2024 to 2030. A major factor fueling this growth is the increasing awareness among parents and educators about the importance of early childhood education. As parents become more informed about developmental milestones and learning stages, they are seeking tools that can support their children's intellectual and emotional growth from a young age educational toys being one of the key solutions. These toys play a crucial role in enhancing cognitive abilities such as problem-solving, critical thinking, and memory retention. The integration of technology including sensors, augmented reality (AR), and artificial intelligence (AI) into educational toys has not only increased the engagement level of children but also made learning more ...

  The global drone package delivery market was valued at USD 585.9 million in 2023 and is projected to reach approximately USD 5,238.8 million by 2030, growing at a compound annual growth rate (CAGR) of 38.7% from 2024 to 2030. This strong growth trajectory is primarily attributed to the rapid expansion of global e-commerce platforms, which has significantly intensified the demand for faster, more efficient, and last-mile delivery solutions. Drones provide a transformative advantage in the logistics sector by offering the capability to deliver packages directly to consumers within a very short time frame. This mode of delivery is especially valuable in densely populated urban centers, where road congestion and other logistical barriers often hinder the timely delivery of parcels via traditional ground transportation. Drone-based delivery helps bypass these challenges, ensuring prompt service and enhancing overall customer satisfaction. E-commerce and logistics compan...