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  The global faucet market is expected to reach USD 36.7 billion by 2030 and expand at a CAGR of 7.4% from 2022 to 2030 , according to a new report by Grand View Research, Inc. The faucet market is gaining high popularity due to growth in the real estate industry eventually increasing the construction of residential and commercial buildings that require faucet installations. Due to urbanization, rapidly rising costs of houses and mortgage rates are influencing people to invest more in home remodeling projects. This has led to an increase in trendy and smart bathroom accessories and further enhanced the market growth. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry was estimated at USD 385 million in 2018. The e-commerce distribution channel is witnessing momentum as the market players are focusing on the marketing of their products through different digital media platforms. The most commonly used digita

  The global 3D printing market size is expected to reach USD 76.17 billion by 2030 , according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.8% from 2022 to 2030. 3D Printing (3DP) is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object. 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The industrial vertical happens to be the most significant adopter of the 3D printing technology, eventually leading to the largest market share of 3D printers for industrial applications over the forec

  The global 5G infrastructure market size is estimated to reach USD 95.88 billion by 2030 , registering a CAGR of 34.2% from 2022 to 2030 , according to a new study by Grand View Research, Inc. Significant investments by communication service providers to deploy 5G infrastructure across the globe to offer improved data services are estimated to drive the market. Additionally, robust innovation in next-generation 5G network equipment and deployment module will help in bringing down the overall deployment costs for service providers, thus boosting 5G infrastructure deployment during the forecast period. The significantly growing demand for high bandwidth connectivity for several use cases, such as accessing ultra-high definition (UHD) videos, cloud-based AR/VR gaming, and HD video meetings, is expected to boost the market growth during the forecast period. Moreover, a wide range of industries, including manufacturing, oil and gas, mining, and energy and utility, are investing a massi

  The global life science analytics market size is expected to reach USD 16.3 billion by 2030 , according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.7% from 2022 to 2030. The growing demand to enhance patient care experience and improve clinical outcomes while minimizing rising healthcare expenses is driving the adoption of analytical solutions in the life sciences market. Social media and improving internet connectivity are significantly impacting the demand for analytical solutions. Emerging trends of the digitalization of healthcare and the growing demand for personalized medicine are contributing to the adoption rates. Furthermore, the adoption of big data analytics and the emergence of advanced data mining techniques are bolstering market growth. The ongoing Covid-19 pandemic exposed the shortcomings of the existing, overburdened healthcare systems, thus driving the demand for analytical solutions. Key players are rapidly making technol

  The global clear aligners market size is expected to reach USD 32.3 billion by 2030 , according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 29.5% from 2022 to 2030. Clear aligners are invisible and discreet braces developed from thermoformed materials like copolyester or polycarbonate plastic and CAD 3D printing technology, acting as an alternative to traditional braces. According to the FDA, the clear aligner system helps in positioning the teeth through continuous gentle force and is developed to treat mild to moderate malocclusion. According to the WHO, malocclusion is the third most prevalent dental disease after dental caries and periodontal disease globally. Malocclusion of the teeth causes the problem of misalignment, which can later lead to severe oral health complications like hard and soft tissue trauma. This condition is hereditary and can be passed from one generation to another. Technological advancements and the growing demand f

  The global fire safety equipment market size is expected to reach USD 82.02 billion by 2028 , registering a CAGR of 6.4% over the forecast period, according to a study conducted by Grand View Research, Inc. Strict government regulations and mandates concerning workplace safety are expected to be the key factors driving the market growth. Factors such as the increasing awareness about the benefits of installing fire safety and security equipment and demand for state-of-the-art fire protection equipment are also expected to fuel the market growth. The transition toward the installation of technologically advanced fire detection systems and eco-friendly fire suppression agents is also expected to support the market development over the forecast period. The advent of smart fire suppression and detection systems, the proliferation of the Internet of Things (IoT) for the wireless integration of such systems, enforcement of various safety and building codes, and increasing fire safety e

The global computer numerical control machines market size is projected to reach USD 132.93 billion by 2030 , registering a CAGR of 10.2% from 2022 to 2030 , according to a new study by Grand View Research, Inc. The market demand is expected to reach over 2,800 thousand units by 2030. The growth can be ascribed to an increase in the need for automated and high-precision computer numerical control (CNC) machines, which is anticipated to drive market growth over the forecast period. Growing preference from conventional three-axis machines to 4-axis and 5-axis machines are also expected to bode well for the market growth over the next few years. Shortage of skilled expertise and increasing labor costs in developed economies, particularly in Europe and the U.S., have been primary concerns for the OEMs. Therefore, the need for automated machines in metalworking and other general manufacturing industries is likely to create the demand for automated CNC machines over the forecast period. I

  The global furfuryl alcohol market size is estimated to reach USD 821.6 million by 2028 , according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028. Factors such as rising demand for furfuryl alcohol resins from the construction and automotive sectors are expected to drive the market in the near future. The product has witnessed high demand over the past decade, owing to its growing usage in the foundry, agriculture, and construction industries, among others. The product is broadly utilized in resins and plastics applications. A surge in research and development activities in the area of rocket fuel is estimated to trigger the demand. The products also play an essential role in manufacturing in the foundry sector in the formulation of molds for metal casting. Asia Pacific is the largest producer as well as consumer of furfuryl alcohol due to increasing concerns regarding renewable products and growing population r