The Flexible AC Transmission System (FACTS) market size is expected to grow moderately over the forecast period. Surging demand for industrial and renewable energy applications along with general electrical utility is projected to drive the market.
The global automotive brake system market is primarily fueled by soaring demand for automobiles. This demand has been greatly spurred by global population explosion, better standards of living, rise of the middle class, and easier finance options.
The global market for antibiotics is witnessing immense growth due to rising investments in research and development activities along with continuous product innovations by major companies.
The global healthcare BPO market size is expected to witness high growth over the forecast period. Increasing need to reduce operational costs is anticipated drive the market.
The global phenol market size was USD 11.75 billion in 2016 and is expected to grow USD 31.73 billion by 2025 on account of its commercial viability and rising demand for its derivatives.
Projected to grow at a CAGR of almost 9% from 2016 to 2024, the molecular diagnostics market is expected to witness significant growth over the forecast period owing to rapid surge of infectious diseases.
The global LiDAR market was valued at approximately USD 260 million and it is projected to grow at an approximate CAGR of over 12% over the forecast period of 2016 to 2024.