PRESS RELEASES

Biometrics System Market Is Estimated To Reach USD 66.4 Billion In 2024 | CAGR 15.6% - Forencis Research

The global biometrics system market is estimated to reach USD 66.4 Billion in 2024 at a CAGR of 15.6%. Increasing adoption of creating biometric identities of citizens is expected to drive the biometrics system market during the forecast period. However, high implementation and maintenance cost is expected to restrain the market during the forecast period. Ear shape thermography based biometric system is expected to become an opportunity for biometrics system market.

December, 2019

ELECTRIC VEHICLES MARKET TO REACH USD 477.3 BILLION BY 2024 | CAGR 22.8% – FORENCIS RESEARCH

The global electric vehicles market is estimated to reach USD 477.3 billion in 2024 at a CAGR of 22.8%. Taxation benefit on electric car loans and supportive government subsides are expected to drive the electric vehicles market during the forecast period. However, increasing focus on sustainability is expected to become an opportunity for electric vehicles market.

December, 2019

Drilling Tools Market To Reach USD 2.23 Billion In 2024 | CAGR 4.7% - Forencis Research

The Global Oil & Gas Drilling Tools Market is estimated to reach USD 2.23 Billion in 2024 at a CAGR of 4.7%. Increase in shale gas exploration and increasing technological capabilities of drillers is expected to drive the oil & gas drilling tools market during the forecast period. However, high maintenance cost , highly volatile oil prices, and stringent government regulations against offshore drilling activities is expected to restrain the market during the forecast period. Development of deep-water oil and gas fields is expected to become an opportunity for oil & gas drilling tools market.

November, 2019

Lithium Ion Battery Market Is Estimated To Reach USD 76.80 Billion In 2024 | CAGR 15.4% - Forencis Research

The global lithium ion battery market is estimated to reach USD 76.80 Billion in 2024 at a CAGR of 15.4%. Increasing adoption of electric vehicles, and growing demand for consumer electronic and portable devices are expected to drive the lithium ion battery market during the forcasting period. Requirement of protection. Safety issues related to transporation and storage of batteries is expected to restrain the market during the forecast period. Increasing renewable energy sector is expected to become an opportunity for global market during the forecast period.

November, 2019

Smart Factory Market Estimated To Reach USD 267.1 Billion By 2024 | CAGR 8.9% - Forencis Research

The global smart factory market is estimated to reach USD 267.1 Billion in 2024 at a CAGR of 8.9%. Increasing adoption of wireless and sensor technologies, growing adoption of industrial robots, and increase complexity in supply chain management is expected to drive the smart factory market during the forecast period. However, high initial capital investment and risk associated with data loss and cyber security is expected to restrain the market during the forecast period. 3D printing technology is expected to become an opportunity for smart factory market.

August, 2019

Submarine Power Cables Market To Reach USD 19.57 Billion In 2024 | CAGR 12.7% - Forencis Research

The global submarine power cables market is estimated to reach USD 19.57 Billion in 2024 at a CAGR of 12.7%. Increasing adoption of offshore wind farms, growing demand for renewable grid connections, and expanding offshore oil and gas platforms are expected to drive the market during the forecast period. However, authorization process of the project and initial installation cost of the product is expected to restrain the market during the forecast period.

November, 2019

PEX/XLPE Market To Reach USD 8.1 Billion By 2024 | CAGR 5.4% - Forencis Research

The global PEX/XLPE (Cross-linked Polyethylene) market is estimated to grow from USD 6.2 Billion in 2019 to USD 8.1 Billion in 2024 at a CAGR of 5.4%. The factors responsible for the growth of the PEX/XLPE (Cross-linked Polyethylene) market include Excellent properties as compared to ordinary PE and Resists corrosion and performs well under a wide range of temperatures. Other supportive factors include Cost effective option as compare to copper tubes in plumbing application. The market is expected to register a considerable growth rate during the forecast period.

October, 2019

Thermoplastic Elastomer Market To Reach USD 27.8 Billion By 2024 | CAGR 5.1% - Forencis Research

The global Thermoplastic Elastomer market is estimated to grow from USD 21.7 Billion in 2019 to USD 27.8 Billion in 2024 at a CAGR of 5.1%. The factors responsible for the growth of the Thermoplastic Elastomer market include Increasing demand for lightweight, high performance materials from the automotive industry. Other supportive factors include replacement of thermoplastics and standard elastomers by TPE due to improved properties. The market is expected to register a considerable growth rate during the forecast period.

September, 2019

Fleet Management Market To Reach USD 32.5 Billion By 2024 | CAGR 15.4% - Forencis Research

The global fleet management market is estimated to grow from USD 15.9 Billion in 2019 to USD 32.5 Billion in 2024 at a CAGR of 15.4%. The factors responsible for the growth of the fleet management market include increasing focus on operational efficiency and supportive governmental regulations. Other supportive factors include significant growth in fleet management solutions owing to declining IoT connectivity costs and increasing emphasis on cloud computing and data analytics. The market is expected to register a healthy growth rate during the forecast period.

August, 2019

Lithium Ion Battery Anode Materials Market To Reach USD 9.0 Billion In 2024 | CAGR 9.5% - Forencis Research

Lithium Ion Battery Anode Materials Market by Material (Lithium Titanate, Carbon, Silicon Composites, Graphene), by Application (Cylindrical Cell, Prismatic Cell, Pouch Cell, and Others), by Region (Asia-Pacific, North America, Europe, Middle East & Africa) – Global Forecast From 2019 To 2024

November, 2019

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