Top Trends Furthering Digital Twin Industry Growth Through 2026. The global digital twin market is expected to witness rapid development in the coming years, thanks to its increased adoption by enterprises to effectively manage various critical activities of their businesses.
Several governments around the world are also showing support for the development of advanced production technologies in the form of favorable initiatives and policies. As a digital counterpart of a real-time or physical machine or process, it is a useful tool for conducting virtual simulations of a physical product or process to understand and estimate its future performance. For instance, ORE Catapult and James Fisher Asset Information Services Ltd., in April 2020, announced a strategic alliance to use digital twin technology for effective offshore wind management. Use of advanced technologies will drive digital twin industry in Europe Europe’s digital twin market is anticipated to surpass $9.5 billion by 2026.
North America Sleep Tech Devices Market Size Forecasts 2027. North America Sleep Tech Devices Market size surpassed USD 5.6 billion in 2020 and is expected to witness over 17.6% growth rate from 2021 to 2027.
Deviations in the pattern and quality of sleep result in various sleep disorders and repercussions. Sleep is a biologically active period in which a lot of essential processing, restoration, and strengthening occurs that is needed for proper cognitive and behavioural functions. Constant and repeated interruptions during sleep affect the health of an individual resulting in serious health problems. Get more details on this report - Request Free Sample PDF Sleep disorders are on the rise and it covers a wide spectrum of diseases with more than hundred identified sleeping problems and disorders. North America Pet Wearable Market Size Forecasts 2026. North America Pet Wearable Market size valued at USD 1.5 billion in 2019 and is anticipated to exhibit a CAGR of 23% between 2020 and 2026.
Increasing awareness about the latest technologies that ensure optimum pet health will boost the market growth. There is a high demand for fitness monitoring systems that enable owners to easily monitor different health parameters in their pets. This, in turn, enables them to take prompt actions in case of anomalies in the health readings.
Sensors are used to detect parameters such as activity, pulse, respiration, temperature, calories consumed & burned, and heart-rate variations. There is an increasing demand for pet wearable solutions that alert the owner about any potential illness based on the statistics gathered. Asia Pacific Pet Wearable Market Size, Statistics Report 2020-2026. Asia Pacific Pet Wearable Market size crossed USD 400 million in 2019 and is estimated to grow at over 26% CAGR from 2020 to 2026.
Urbanization and the rising popularity of pets in Asia Pacific are expected to drive the demand for pet wearables. Growing urbanization in China and India has increased the adoption of pets for security and reducing loneliness & mental stress. Rising consciousness regarding the medical diagnosis of pets will drive the market demand. New Research Study: Europe Connector Market Size, Share, Report.
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Apr 26, 2021 (Market Insight Reports) -- By 2026, the Europe connector market size is expected to undergo significant expansion as numerous domains have been adopting digitalization in the past few years. In the wake of the pandemic, this shift toward digitalization has been more pronounced than ever as the dependence on efficient data connectors has become key to the survival of numerous industries. With the increasing advancement across the telecommunication, automotive, and computer networking sectors, the requirement for networking devices such as connectors has been expanding rapidly. The deployment of high-speed data transmission connectors is rising continuously with the surging use of fiber optics alongside the emergence of 5G technology.
These connectors are being leveraged for engine control, emission control, cooling systems, and other applications in the automobile industry. Construction Equipment Market Size in Europe to be worth more than $38 Billion by 2026. The MarketWatch News Department was not involved in the creation of this content.
Apr 26, 2021 (Market Insight Reports) -- The Europe construction equipment market size is driven by supportive government investments for the development of robust infrastructure. Government authorities in Europe are increasingly using automated equipment to establish a wide network of utility distribution systems to support the increasing requirements of the population. The introduction of large infrastructural projects in renewable energy, smart technology, and transportation is anticipated to contribute to the regional market growth.
Controlled Release Fertilizers Market Size in Europe to witness steady growth of 1.8% during 2020-2024. The MarketWatch News Department was not involved in the creation of this content.
Apr 26, 2021 (Market Insight Reports) -- The French market in Europe controlled release fertilizers market size is poised for significant expansion over the forthcoming years, owing to the high agricultural diversity across the region. The metropolitan France had more than 490,000 farms as of 2010 and is consequently the largest region with utilized agricultural acreage (UAA) in the European continent that spans over 30 million hectares. During 2008, France ranked amongst the five leading countries that use NPK based fertilizers, as per the data of the IFDC Worldwide Fertilizer Capacity Listings. Crane Rental Market Size in Europe Will Grow At 5% CAGR to Reach $5 Bn by 2026. The MarketWatch News Department was not involved in the creation of this content.
Apr 26, 2021 (Market Insight Reports) -- Europe crane rental market size is set to witness steady growth due to the steady expansion of the manufacturing sector in the region. It is one of the many regions making use of advanced technologies to enhance its manufacturing processes and streamline activities. According to sources, crane rental industry is predicted to grow at 5% CAGR and had a market share of more than $4 billion in 2019.
This figure is set to grow during the forecast period of 2020-2026. Glass Packaging Market Size in APAC to hit US$25 Bn by 2024; Growing at Around 5.4% The MarketWatch News Department was not involved in the creation of this content.
Apr 26, 2021 (Market Insight Reports) -- The Asia Pacific glass packaging market size will register appreciable proceeds through the ensuing years, due to a rise in the alcohol consuming population throughout the year. The escalation of the intake of alcoholic beverages in the Asia Pacific is expected to augment industry growth through the coming years. Guidewires Market Size in Asia Pacific to cross 351 Mn US-dollar by 2026. The MarketWatch News Department was not involved in the creation of this content.
Apr 26, 2021 (Market Insight Reports) -- Asia Pacific guidewires market size has witnessed robust growth over the years due to the increasing cases of chronic diseases in the region along with a high geriatric population. Guidewires are essentially devices that are used during cardiovascular insertions to guide the catheter. There are three different kinds of guidewires such as mandrel wire, solid core wire, and ribbon wire. The solid core wire is encased by a metal spring coil. Mandrel wires on the other hand have an outer spring coil at one end and the ribbon wire encases both core and ribbon wire. Hand Sanitizer Market Size in APAC to Reach US$770 Mn by 2026. The MarketWatch News Department was not involved in the creation of this content.
Apr 26, 2021 (Market Insight Reports) -- APAC hand sanitizer market size will be prominently driven by increasing awareness regarding maintaining sanitization and hygiene to avoid the spread of disease. Increasing COVID-19 cases in the Asia Pacific region is creating awareness among individuals to be more inclined towards personal hygiene. Different government health associations are taking initiatives to promote the need for handwashing with appropriate concentration of alcohol-based sanitizer to fight against COVID-19 for a better quality of life.
Healthcare 3D Printing Market Size in Asia Pacific to Surpass USD 340 Million by 2024. The MarketWatch News Department was not involved in the creation of this content. Apr 26, 2021 (Market Insight Reports) -- The Asia Pacific healthcare 3D printing market size is anticipated to witness a lucrative growth rate in the forthcoming years due to growing demand for customized implants. A substantial rise in number of trauma as well as accidents is also augmenting the demand for complex and customized prosthetic limbs and other implants. Rising adoption of 3D printing technology across numerous healthcare and medical applications will accelerate the regional healthcare 3D printing industry growth. Additionally, increasing investment in R&D activities relating to 3D printing, government support, and technological advancements in medical sector are some of the key factors driving the healthcare 3D printing market in Asia Pacific.
Ongoing improvements to the regional healthcare infrastructure will also contribute towards proliferating the business scenario. Healthcare IT Market Size in APAC to Grow At 18% CAGR to Cross $ 119.8 Bn by 2026. The MarketWatch News Department was not involved in the creation of this content. Apr 26, 2021 (Market Insight Reports) -- APAC healthcare IT market size will reach USD 119.8 billion by 2026. The surging need to offer effective patient care in remote regions has supported an increase in investments by many leading market players.
Additionally, the healthcare IT experts in the region are highly investing in start-ups such as The Hello Health Group. Healthcare information technology has emerged as a rapidly growing segment in Asia Pacific offering improved quality of life and affordable patient care solutions. The healthcare IT domain is likely to witness robust growth in the coming times due to its various benefits like constant data tracking and management of large volumes of patient data. Asia Pacific Wire and Cable Market Size 2020 In-Depth Analysis of Growth Trends & Forecast up to 2026. The MarketWatch News Department was not involved in the creation of this content. Apr 26, 2021 (Market Insight Reports) -- According to an estimate, Asia Pacific wire and cable market size is forecast to witness a considerable expansion by 2026. Notable trend for renewable energy sources will be in line with the footprint of smart grid integration of green energy systems.
The development of new electric infrastructure and robust government policies will augment the use of wires and cables in the region. Increased demand for stable power supply will propel Asia Pacific wire and cable market revenue. Emerging economies in the region will observe traction for renovation of conventional grid networks. Air Defense System Market Size in North America to cross 5 Bn US-dollar by 2026. The MarketWatch News Department was not involved in the creation of this content. Apr 23, 2021 (Market Insight Reports) -- The North America air defense system market size is further expected to depict a transformation, from the deployment of technologically advanced next-generation anti-aircraft systems that can destroy every aerial target in proximity.
The North America air defense system market growth is set to augment due to the growing investments in R&D through collaborations between the academia, government, and several other partners. For example, in December 2020, Saab announced its intention of building an ecosystem for nurturing innovation and research in the area of aerospace through the establishment of an Aerospace Research & Development Center. Growing threats from terrorist organizations and enemy nations have compelled the North American countries to arm themselves against enemy air action.
To 2026, North America Aircraft Fairings Market Size to grow at a CAGR of over 3.6% Ambulatory Surgical Centers Market Size in North America to witness steady growth of 4.8% during 2020-2024. Animal Healthcare Market Size in North America to Reach US$70 Bn by 2026; Growing at Around 3.6% By 2026, North America Antimicrobial Coatings Market Size to cross US$2.5 Bn.
Antiviral Drugs Market Size in North America to Reach USD 24 Billion Benchmark by 2027. Apheresis Equipment Market Size in North America to witness steady growth of 6.9% during 2020-2026. Healthcare IT Market Size in Europe to Grow At 15% CAGR to Cross $ 144 Bn by 2026. Europe Heat Pump Market Size By Key Players, Growth Potential Analysis and Forecasts Report 2026. At 6% CAGR, Europe Heat Transfer Fluid Market Size will hit US$1.4 billion by 2026.