Press Releases from Fairfield Market Research (4458 total)
Battery Production Machine Market to Hit $57.8 Bn by 2032
The global battery production machine market is experiencing significant growth, with market size expected to rise from US$ 16.3 Bn in 2025 to US$ 57.8 Bn by 2032, reflecting a CAGR of 19.8%. The increasing demand for advanced battery production equipment is being driven by the rapid expansion of electric mobility, government incentives, and breakthroughs in solid-state battery technology.
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Chillers Market to Reach US$ 11.60 Billion by 2032
The global chillers market is set for significant growth, with projections estimating a market value of US$ 11.60 billion by 2032, expanding from US$ 8.75 billion in 2025. With a CAGR of 4.1% from 2025 to 2032, the market is driven by rising demand for energy-efficient, smart, and eco-friendly cooling solutions across multiple industries.
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Market Insights
• Increasing…
Self-driving Cars Market to Hit $76.73 Bn by 2032, Driven by AI & 5G
The global self-driving cars market is expected to witness significant growth, reaching a market size of US$ 76.73 Bn by 2032, compared to US$ 32.81 Bn in 2025. The market is set to expand at a CAGR of 12.9% from 2025 to 2032, driven by advancements in artificial intelligence (AI), 5G connectivity, and sustainability initiatives.
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Market…
Wire and Cable Materials Market to Hit US$ 341.96 Mn by 2032 with 5.4% CAGR
The global wire and cable materials market is set to experience robust growth, with projections indicating a rise from US$ 236.82 Mn in 2025 to US$ 341.96 Mn by 2032, reflecting a CAGR of 5.4%. Increasing investments in renewable energy, electric vehicles (EVs), smart grid infrastructure, and 5G connectivity are driving market expansion.
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Market Insights
• North America…
IV Tubing Sets Market to Reach $1.7 Bn by 2032, Growing at 3.7% CAGR
The global IV Tubing Sets and Accessories Market is expected to grow steadily, reaching an estimated valuation of US$ 1.7 Bn by 2032 from US$ 1.5 Bn in 2025. The market is projected to expand at a CAGR of 3.7% from 2025 to 2032, driven by rising demand for intravenous (IV) therapy due to an increasing prevalence of chronic illnesses and technological advancements.
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Agriculture Drone Market to Hit US$ 11.21 Bn by 2032 at 19.9% CAGR
The global agriculture drone market is set to experience substantial growth, with projections estimating its value to reach US$ 11.21 Bn by 2032, up from US$ 3.14 Bn in 2025. This growth trajectory is supported by a strong CAGR of 19.9% from 2025 to 2032. Driven by advancements in precision agriculture, sustainable farming practices, and government initiatives, the agriculture drone market is becoming a cornerstone of modern farming.
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Flexible Packaging Market to Reach US$ 389.07 Bn by 2032, Growing at 4.5% CAGR
The global flexible packaging market is poised for significant expansion, with projections indicating an increase from US$ 285.34 Bn in 2025 to US$ 389.07 Bn by 2032. The industry is expected to register a CAGR of 4.5% during the forecast period (2025-2032), driven by evolving consumer preferences, sustainability initiatives, and technological advancements.
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Market Insights
• The food industry…
EMI Shielding Market to Reach US$ 11.25 Bn by 2032, Growing at a CAGR of 5.8% fr …
The global EMI shielding market is on a trajectory of significant growth, projected to reach a market size of US$ 11.25 Bn by 2032, up from an estimated US$ 7.58 Bn in 2025. With a projected CAGR of 5.8% from 2025 to 2032, the market is experiencing accelerated expansion due to increased adoption of electronic devices, advancements in 5G technology, and the rise of electric and autonomous vehicles.
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Foot Care Products Market Forecast: US$ 19.33 Bn by 2032 with a CAGR of 4.6%
The global foot care products market is on track to witness steady growth, projected to reach US$ 19.33 Bn by 2032 from US$ 14.15 Bn in 2025, expanding at a CAGR of 4.6% from 2025 to 2032. The rising prevalence of foot-related conditions, increasing wellness trends, and advancements in orthopedic solutions are key drivers of this growth.
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Gas Sensors Market to Hit US$ 3.48 Bn by 2032, Driven by 9.1% CAGR and Rising En …
The global gas sensors market is set for significant growth, projected to reach US$ 3.48 Bn by 2032, up from an estimated US$ 1.89 Bn in 2025. This expansion is driven by rising environmental concerns, industrial safety regulations, and technological advancements. The market is anticipated to grow at a CAGR of 9.1% from 2025 to 2032.
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Graphene Market to Hit $3.12 Bn by 2032, Growing at 26.9% CAGR
The global graphene market is set for a significant expansion, with projections indicating growth from US$ 589.4 Mn in 2025 to US$ 3,123.7 Mn by 2032, at a robust CAGR of 26.9%. The rising demand for graphene across various industries, including electronics, energy storage, automotive, and aerospace, is expected to drive this growth.
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Market Insights
• The…
Vaccine Adjuvants Market Forecast: Robust Growth Driven by Technological Advance …
The global vaccine adjuvants market is poised for substantial growth, projected to reach US$ 4.33 billion by 2032, up from an estimated US$ 1.69 billion in 2025. This represents a CAGR of 14.3% from 2025 to 2032. Increasing demand for innovative vaccine adjuvants due to the rising prevalence of infectious diseases and technological advancements in immunization are key growth drivers.
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Fragrance Ingredients Market to Reach US$ 17.63 Bn by 2032, Driven by Sustainabi …
The global fragrance ingredients market is set for steady growth, with its valuation expected to increase from US$ 14.2 Bn in 2025 to US$ 17.63 Bn by 2032, reflecting a CAGR of 3.1%. The market is witnessing dynamic changes driven by consumer preferences for sustainable, natural, and organic fragrance ingredients across personal care, fabric care, and luxury products.
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Animal Genetics Market to Reach US$ 5.04 Bn by 2032, Driven by 7.2% CAGR
The global animal genetics market is set to experience substantial growth, with projections indicating a rise from US$ 3.1 Bn in 2025 to US$ 5.04 Bn by 2032. The market is expected to showcase a robust CAGR of 7.2% from 2025 to 2032. The increasing focus on livestock health, precision breeding technologies, and sustainability initiatives is driving this growth.
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Smart Agriculture Market to Reach US$ 29.46 Bn by 2032, Growing at 10.5% CAGR
The global smart agriculture market is set for remarkable expansion, projected to reach US$ 29.46 Bn by 2032 from US$ 14.64 Bn in 2025, exhibiting a CAGR of 10.5% during 2025-2032. Driven by technological advancements such as AI-driven predictive analytics, IoT-based precision farming, and automation tools, smart agriculture is transforming modern farming practices worldwide.
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Smart Agriculture…
Small Hydropower (SHP) Market to Reach US$ 3.5 Bn by 2032 with a 4.2% CAGR
The global small hydropower (SHP) market is projected to witness significant growth, reaching US$ 3.5 Bn by 2032 from US$ 2.8 Bn in 2025, expanding at a CAGR of 4.2%. The increasing shift towards renewable energy, decentralization of energy generation, and government incentives are key drivers propelling the market forward.
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Market Insights
• The development of decentralized energy…
Human Organoids Market to Reach US$ 3.58 Billion by 2032, Driven by Drug Discove …
The global human organoids market is poised for significant growth, with projections indicating a rise from US$ 1.27 billion in 2025 to US$ 3.58 billion by 2032, marking a robust CAGR of 15.9% during the forecast period. Increasing applications in drug discovery, regenerative medicine, and personalized treatments are major factors fueling market expansion. North America remains the dominant region, driven by strong pharmaceutical and biotech industry presence.
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Virtual Power Plant Market Set to Reach US$ 6.9 Billion by 2032
The global virtual power plant (VPP) market is witnessing significant growth, driven by the increasing adoption of renewable energy sources, advanced grid management solutions, and the rising demand for energy efficiency. According to Fairfield Market Research, the market is projected to expand from US$ 1.9 billion in 2025 to US$ 6.9 billion by 2032, registering a CAGR of 6% during the forecast period.
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Infectious Disease In-Vitro Diagnostic Market to Reach US$ 61.2 Bn by 2032 with …
The global infectious disease in-vitro diagnostic (IVD) market is poised for significant growth, reaching an estimated valuation of US$ 61.2 billion by 2032. This expansion is a notable increase from US$ 44.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.7% during the forecast period of 2025-2032.
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Market Insights
• The increasing prevalence of infectious…
Lubricants Market to Reach $220.2 Bn by 2032, Growing at 3.1% CAGR
The global lubricants market is poised for steady expansion, projected to reach US$ 220.2 billion by 2032, growing from US$ 178.1 billion in 2025 at a CAGR of 3.1%. This growth is fueled by the rising demand for high-performance lubricants across various industries, increasing environmental regulations, and advancements in synthetic and bio-based lubricants.
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Market Insights
• Eco-friendly and…
Lubricants Market to Hit US$ 220.2 Billion by 2032
The global lubricants market is poised for significant expansion, reaching an estimated US$ 220.2 billion by 2032, up from US$ 178.1 billion in 2025. The market is expected to grow at a CAGR of 3.1% from 2025 to 2032, fueled by increasing industrial applications, stringent environmental regulations, and the shift toward synthetic and bio-based lubricants.
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Surge…
Organic Baby Food Market to Reach US$ 9.1 Billion by 2032 with an 8.2% CAGR
The global organic baby food market is projected to witness substantial growth, reaching an estimated value of US$ 9.1 billion by 2032, a significant rise from US$ 4.8 billion in 2025. This expansion reflects a robust CAGR of 8.2% from 2025 to 2032, driven by rising parental awareness about the benefits of organic nutrition, increasing disposable incomes, and improved market accessibility through digital platforms.
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Autonomous Driving Software Market to Hit US$ 6 Billion by 2032
The global autonomous driving software market is experiencing a transformative shift, with projections indicating a surge from US$ 2.2 billion in 2025 to US$ 6 billion by 2032. This substantial growth, at a CAGR of 15.4%, is fueled by continuous advancements in artificial intelligence (AI), machine learning (ML), and sensor technologies.
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Key Drivers of Market Growth
1.…
Building Integrated Photovoltaics (BIPV) Market to Reach US$ 75.3 Bn by 2032
The global Building Integrated Photovoltaics (BIPV) market is set to witness exponential growth, reaching US$ 75.3 billion by 2032, up from US$ 23.4 billion in 2025. This growth is attributed to a strong compound annual growth rate (CAGR) of 18.2% from 2025 to 2032. The increasing demand for energy-efficient buildings and favorable government policies are fueling this market expansion.
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High Purity Alumina Market Poised to Exceed US$ 18.2 Bn by 2032
The global high purity alumina (HPA) market is poised for remarkable growth, projected to expand from US$ 5.5 Bn in 2025 to an impressive US$ 18.2 Bn by 2032. This expansion, driven by increasing demand for LEDs, electric vehicles (EVs), and advanced energy storage solutions, is expected to register a strong compound annual growth rate (CAGR) of 16.4% during the forecast period.
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Companion Animal Diagnostics Market Set for Significant Growth, Reaching US$ 5.6 …
The global companion animal diagnostics market is poised for significant growth, projected to reach US$ 5.6 Bn by 2032, expanding from US$ 3.2 Bn in 2025. This growth is driven by an increasing focus on pet healthcare, technological advancements, and the rising adoption of diagnostic solutions. The market is expected to grow at a CAGR of 8.5% from 2025 to 2032.
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Edible Oils Market to Reach US$ 263.1 Billion by 2032 | Driven by Health Trends …
The global edible oils market is projected to reach a value of US$ 263.1 billion by 2032, significantly growing from US$ 198.6 billion in 2025 at a CAGR of 4.1%. The market is witnessing a substantial transformation driven by consumer demand for healthier and sustainable oil options.
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Health-Conscious Consumers Fueling Demand for Organic and Non-GMO Oils…
Pea Starch Market Expected to Surpass US$0.348 Bn by 2032
The global Pea Starch Market is set to experience substantial growth, projected to reach US$0.348 Bn by 2032, up from US$0.146 Bn in 2025. This expansion is fueled by an impressive CAGR of 13.2% from 2025 to 2032, driven by increasing consumer demand for plant-based, gluten-free, and sustainable food options.
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Market Overview and Key Insights
Pea starch…
Refurbished Medical Equipment Market Projected to Reach US$30.22 Bn by 2032
The global refurbished medical equipment market is set for significant growth, with projections estimating a market size of US$30.22 billion by 2032, up from US$18.33 billion in 2025. This growth represents a CAGR of 7.8% from 2025 to 2032, driven by increasing demand for affordable medical solutions, sustainability initiatives, and advancements in refurbishing technologies.
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Key Drivers…
Modular UPS Market to Reach US$12.37 Bn by 2032
The global modular Uninterruptible Power Supply (UPS) market is set for substantial growth, reaching a projected valuation of US$12.37 billion by 2032, up from US$6.17 billion in 2025. The market is expected to expand at a CAGR of 10.5% between 2025 and 2032. The increasing reliance on cloud computing, digital transformation, and sustainability initiatives are fueling demand for modular UPS solutions worldwide.
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Iron Ore Pellets Market Hit to US$72.2 billion by 2031
The global iron ore pellets market is poised for significant growth, with a projected valuation of US$72.2 billion by 2031, rising from US$54.5 billion in 2024. The market is expected to expand at a CAGR of 4.1% from 2024 to 2031, driven by advancements in steel manufacturing and the rising demand for eco-friendly materials.
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Market Insights
• The…
Collagen Supplements Market Trends and Share 2031
The global collagen supplements market is set to experience substantial growth, reaching an estimated market size of US$3.96 billion by 2031, up from US$2.5 billion in 2024. This expansion is driven by increasing health awareness, demand for anti-aging products, and innovations in supplement formulations. The market is projected to grow at a CAGR of 6.8% from 2024 to 2031.
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Agrochemicals Market Size and Share 2025-2032
The global agrochemicals market is on a growth trajectory, expected to reach US$395.9 million by 2032, up from US$294.8 million in 2025, at a CAGR of 4.3% from 2025 to 2032. The increasing demand for sustainable farming solutions, technological advancements in precision agriculture, and the rise in global food consumption are key drivers fueling market expansion.
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Li-Ion Pouch Battery Market Set to US$143.3 Bn by 2032
The global Li-ion pouch battery market is poised for substantial growth, projected to reach US$143.3 Bn by 2032 from US$73.6 Bn in 2025, registering a CAGR of 10% between 2025 and 2032. This significant expansion is driven by increasing adoption in electric vehicles (EVs), renewable energy storage, and consumer electronics.
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Market Insights
• Li-ion pouch batteries are gaining…
Electric Vehicle Polymers Market Reach to US$ 18.15 Bn by 2032
The Electric Vehicle (EV) Polymers market is poised for remarkable growth, projected to reach US$18.15 Bn by 2032, a significant increase from US$4.34 Bn in 2025. With a CAGR of 22.7% from 2025 to 2032, this market expansion is fueled by the rapid adoption of electric vehicles and the growing demand for lightweight, high-performance materials that enhance energy efficiency and sustainability.
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Tunnel Construction Market to Surpass US$ 330 Bn by 2031
The global tunnel construction market is poised for remarkable growth, with a projected valuation of US$ 330.28 billion by 2031. From US$ 174.58 billion in 2024, the market is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. This growth will be driven by innovations in tunneling technology, infrastructure development, and an increasing emphasis on sustainability.
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Transformer Market Set to Grow to US$101.90Bn by 2031 with 7.9% CAGR
The Transformer Market is poised for significant growth, with a projected increase from US$59.71 billion in 2024 to US$101.90 billion by 2031, representing a robust compound annual growth rate (CAGR) of 7.9%. This growth is attributed to the rising demand for energy-efficient transformers, integration of renewable energy sources, and the increasing adoption of smart grid technologies. Transformers play a vital role in electrical systems by ensuring smooth power transmission, voltage…
Recycled PET (rPET) Market to Hit US$21.92 Bn by 2031, Growing at a 8.9% CAGR
The Recycled PET (rPET) Market is witnessing substantial growth, driven by increasing environmental concerns, regulatory mandates, and corporate sustainability commitments. The market is projected to expand from US$12.06 Bn in 2024 to US$21.92 Bn by 2031, registering a robust CAGR of 8.9%.
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Market Insights
• The packaging industry holds the largest market share due to the rising…
De-aromatic Solvents Market to Reach $2.59 Billion by 2031
The De-Aromatic Solvents Market is witnessing significant expansion, driven by increasing demand from industries such as paints and coatings, automotive, and industrial cleaning. The market, valued at US$1.7 Bn in 2024, is projected to reach US$2.59 Bn by 2031, expanding at a CAGR of 6.10% over the forecast period (2024-2031). Growing environmental awareness and stringent regulations on volatile organic compounds (VOC) emissions are pushing industries towards safer and more sustainable…
Machine Tools Market to Reach $111.8 Bn by 2031
The Machine Tools Market is poised for significant expansion, with sales projected to reach US$111.8 billion by 2031, reflecting a steady increase from US$86.7 billion in 2024. This market is expected to grow at a CAGR of 3.7% from 2024 to 2031, driven by technological advancements, industrial automation, and the rise of electric vehicle (EV) manufacturing.
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Plant-Based Protein Market Size to Reach US$23 Bn by 2031 | Trends, Opportunitie …
The global plant-based protein market is set to experience substantial growth, with revenue projected to rise from an estimated US$14 billion in 2024 to US$23 billion by 2031, reflecting a robust CAGR of 7% during the forecast period. Increasing consumer demand for healthier dietary alternatives and heightened awareness of sustainability are the key drivers fueling market expansion.
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Biodegradable Packaging Material Market Set to Reach US$146.6 Bn by 2030
The global biodegradable packaging material market is projected to reach US$146.6 billion by 2030, growing from US$98.9 billion in 2023 at a promising CAGR of 5.8% between 2023 and 2030. The market's growth is largely fueled by heightened environmental consciousness and an increased demand for sustainable packaging solutions across industries.
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Key Growth Drivers
1. Growing Environmental…
Underground Mining Market Set to Reach US$ 27.3 Bn by 2031 | Trends, Opportuniti …
The global underground mining market is projected to experience steady growth, reaching US$ 27.3 billion by 2031, up from US$ 23.5 billion in 2024. This expansion is expected to be fueled by an estimated CAGR of 2.2% from 2024 to 2031. Increasing demand for essential minerals and metals, alongside advancements in automation and environmentally friendly practices, are key drivers of this market's evolution.
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Anime Merchandising Market Size to Reach US$16.33 Bn by 2031 | Trends, Opportuni …
The global anime merchandising market is projected to witness significant growth, with its market size expanding from US$ 9.15 billion in 2024 to an estimated US$ 16.33 billion by 2031, reflecting a CAGR of 8.6% during the forecast period. Factors such as global expansion of anime fandom, the rise of digital platforms, and merchandise diversification are expected to drive this market's exponential growth.
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Biopesticides Market Size to Reach US$ 20 Bn By 2031 | Trends, Opportunities and …
Market Expansion Driven by Sustainability Trends, Increased Organic Farming, and Regulatory Compliance
The global biopesticides market is set to experience a significant surge, reaching US$ 20 billion by 2031, up from US$ 8.9 billion in 2024. This expansion is expected to be driven by a robust CAGR of 12% from 2024 to 2031. With growing environmental concerns, regulatory support, and the increasing adoption of organic farming practices, the market is poised…
Soaring Uptake by Dietary Supplements Industry to Favour Omega 3 Market Growth, …
Global omega 3 market that surpassed the valuation of US$4.4 Bn in the year 2019 is likely to reach the revenue of around US$13 Bn toward the end of 2027. In its latest published report, Fairfield Market Research forecasts a robust 14.6% CAGR for omega 3 market over the period of projection, 2021 - 2027. The growth of fortified foods across international markets and increasing worldwide focus on mother-and-new-born nutrition…
Oat Milk Sales Elevate on the Back of Veganism, Dairy-free, Plant-based, and Glu …
Exhibiting an estimated CAGR of 11.5%, global oat milk market value is likely to surpass US$2.6 Bn by the end of 2026. As suggested by the latest Fairfield Market Research report, oat milk sales will gain significantly from the thriving plant-based F&B trend. With plant-based, lactose-free, and gluten-free trend waves gathering momentum over the recent past, the nutrition profile of oat milk will continue to drive its demand at household,…
Global Narcolepsy Drugs Market to Register a CAGR of 11.2% as Pandemic Brings At …
The global narcolepsy drugs market has been under the spotlight recently as the awareness about sleep disorders grows. The pandemic brought with it a sudden wave of sleeping disorders as many found their daily schedules disrupted. Psychological distress added to the gamut of issues, which has raised awareness about narcolepsy too. As the focus on improving lifestyle in the post-pandemic world continues, analysts at Fairfield Market Research estimate the sentiment…
Low Carbon Footprint of Microbial Fuel Cell (MFC) to Create Sustained Demand wit …
The global microbial fuel cell (MFC) market is expected to cross the growth threshold required for competitors to make lucrative gains. The total worth of the global microbial fuel cell (MFC) market is expected to supplant US $15 Mn by the end of 2025, growing at a stupendous CAGR of 9.8% during the period between 2021 and 2025. The wide spectrum of applications pertaining to microbial fuel cells is the…
Material Innovations Drive Global Medical Packaging Market; Bags See a Boost ami …
The consistently expanding medical industry, introduction of newer medical treatments and products, and growing overall medical spending of developed, developing, and underdeveloped nations account for the flourishing landscape of medical packaging worldwide. The global spending on medicines was recorded to be over US$1.25 trillion in the year 2020, which had the COVID-19 pandemic as one of the key contributing factors to it. However, the boost has certainly worked to the…
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