Air Purifier Market Size, Top Manufacturers, Growth Analysis, Demand Status, Technology Innovations and Business Outlook 2023-2030 According to MRFR analysis, the global air purifier market is expected to register a CAGR of ~11.41% from 2021 to 2030 and hold a value of over ~ USD 13,527.8 million by 2025. Air purifiers are released to remove volatile organic compounds (VOCs), odors, and gaseous and particulate pollutants. Additionally, air purifiers are released in the elimination of airborne mold, bacteria, viruses, dust mites, and pollen in residential and commercial applications. Unlike air filters, an air purifier produces something to kill, neutralize, transform or render airborne toxins harmless. Additionally, it also traps airborne particles in a tangible filter. Market Driving Forces Rapid industrialization and urbanization in emerging countries New Product Launches and R&D Among Top Key Players Growing Consumer Awareness https://www.icrowdfr.com/2023/02/09/taille-du-marche-des-purificateurs-dair-principaux-fabricants-analyse-de-la-croissance-etat-de-la-demande-innovations-technologiques-et-perspectives-commerciales-2023-2030/

Automated Fare Collection System Market Forecast, Trends Analysis by Fact MR The global automated fare collection system market (자동요금 징수 시스템 시장) is projected to be valued at US$ 11,601.2 million in 2024. With a compound annual growth rate (CAGR) of 14.6% forecasted for the period from 2024 to 2034, the AFC system industry is expected to reach a valuation of US$ 45,156.3 million by 2034.The market is experiencing significant growth, driven by advancements in technology, increasing urbanization, and the need for efficient public transportation systems. AFC systems, which automate the ticketing process, offer numerous benefits including reduced operational costs, enhanced revenue management, and improved passenger convenience. These systems are integral to modern public transport infrastructure, enabling seamless travel across various modes of transportation such as buses, trains, trams, and subways. Want Full Report? Enquire Here-https://www.factmr.com/report/automated-fare-collection-system-market Key benefits that drive adoption include seamless user experience via cashless payments, reduced instances of fare evasion, richer ridership dat and analytics, operational cost savings and support for complex fare plans integrating routes, modes and concessions etc. Market leaders hail from developed regions but Chinese and Indian vendors are achieving traction given large-scale government transit modernization drives.

Crustacean Market Growth & Trends Analysis by Fact MR The global crustacean market (Margadh Crústaigh) is projected to be valued at USD 19.26 billion in 2024 and is expected to expand at a CAGR of 5.5% through 2034. The increasing demand for crustaceans is driven by rising consumer preference for protein-rich diets, technological advancements in aquaculture, and a surge in global seafood consumption. Rising disposable incomes, urbanization, and more awareness of the health benefits of eating seafood have all aided in market expansion. Shrimps have been a prominent contributor to overall market income, owing to their extensive consumption across countries and multiple culinary uses. The market witnesses a substantial demand for crabs and lobsters owing to their premium positioning in the seafood market. Increasing adoption of aquaculture practices, especially in developing nations, has played a significant role in meeting the growing demand for crustaceans. Aquaculture technology and technique innovation have streamlined production, increasing yields and satisfying the demands of the market. Get Free Sample Copy of This Report-https://www.factmr.com/connectus/sample?flag=S&rep_id=9207 Key Takeaways from Market Study The global crustacean market is projected to be valued at USD 19.26 billion in 2024 and is expected to grow to USD 32.78 billion by 2034, reflecting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2034. This growth is driven by a rising demand for crustaceans, fueled by increasing consumer preference for protein-rich diets and advancements in aquaculture technology. The East Asian market is anticipated to expand at a slightly higher CAGR of 5.7% over the next decade, indicating strong regional growth prospects. In 2024, the business-to-consumer distribution channel is forecasted to dominate the market with a 59.8% share. Among different types of crustaceans, shrimp is expected to account for the largest share, making up 34.2% of the market. North America holds a significant portion of the global market, with a 21.7% share in 2024. These figures highlight the diverse growth opportunities and regional variations within the global crustacean market.

Increasing Construction of Skyscrapers Propelling Geotechnical Instrumentation and Monitoring Market Expansion From $3.1 billion in 2018, the geotechnical instrumentation and monitoring market is predicted to reach a revenue of $6.1 billion by 2024. According to the forecast of the market research organization, P&S Intelligence, the market will progress at a CAGR of 11.8% from 2019 to 2024. The market is being driven by the booming construction sector all over the world. Additionally, the increasing focus of the governments of several countries on developing sustainable infrastructure and rapid urbanization are also driving the growth of the market. With rapid urbanization, the number of infrastructural development projects is rising. Moreover, many countries are making huge investments in these projects in order to cater to the needs of a booming population. For instance, an overall investment of $11 trillion was made in the global construction industry in 2017, and this is predicted to rise to $13.5 trillion by the end of 2024. The expansion of the construction industry is being propelled by the surging number of infrastructural development projects in countries, such as the U.S., India, and China. Besides, the construction of skyscrapers in several countries, on account of the growing migration of people from rural areas to cities and rapid urbanization, is also fueling the growth of the geotechnical instrumentation and monitoring market. This is because geotechnical instruments are needed in the planning phase of skyscrapers in order to determine the specifics regarding the foundation of these structures. According to various reports, around 55% of the global population resided in urban areas in 2018, and this share is predicted to rise to 68% by 2030. Depending on component, the market is divided into services, software, and hardware. Out of these, the services category held the largest share in the market in the past, and it is predicted to contribute the highest revenue to the market in the upcoming years as well. This is credited to the burgeoning requirement for these services for continuously monitoring critical structures in the energy and power sector. Additionally, the rising focus on monitoring old and critical structures, such as dams, because of the implementation of strict safety regulations by several governments, is also positively impacting the growth of the industry. Across the world, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the geotechnical instrumentation and monitoring market in the coming years. This is attributed to the surging number of infrastructural development projects in regional countries, such as India and China. Moreover, China is making huge investments for countering the effects of the economic slowdown. For instance, the Chinese government has given approval to 27 projects and invested $219.4 billion in these projects since 2018. Therefore, it is safe to say that the demand for geotechnical instrumentation and monitoring services will surge in the coming years, primarily because of the increasing number of construction and infrastructural development projects in various countries around the world. Read More: https://www.psmarketresearch.com/market-analysis/geotechnical-instrumentation-and-monitoring-market

Are District Cooling Systems, an Alternative for Conventional Air- Conditioners With The increasing level of global warming, the world is experiencing a rise in the temperatures. While the increase in the temperatures might come good for the countries, which are generally under the cover of snow, making the life of the people, tricky to say the least. On the flip side of this will be the countries, which are already baking in the wrath of the sun, and the increasing global warming has only made the things more challenging in the regions, such as the Middle East and Africa. To beat the hot and humid climate in the world, and especially in the MEA, only fans and conventional air conditioners have their work cut out, and district cooling systems can really come in handy in the commercial, industrial and residential complexes. The situation becomes trickier in summers, with a considerable rise in temperatures and the levels of humidity. To beat the heat and the temperature, when it rises to above 50 degrees, people require these cooling systems to live comfortably in their homes, and also to work in offices, without breaking a sweat. Increasing Population and Urbanization It is not only about battling with the increasing temperatures, but the population booming all over the world, and especially in the nations, such as China, there is a need to build residential complexes to house the increasing population. In the modern societies, people have started banking upon the district cooling systems, rather than having an individual air-conditions for all the rooms of a house. It is a no-brainer that conventional air-conditioners are not good for the environment, as they emit, the harmful CFCs into the environment. The emission of these carbon compounds in large number has a lot to do with the increasing levels of global warming. And, not only that, with the continuous use of ACs, the power bills have an adverse effect on the financial health of the people. These have started becoming popular in the residential complexes, but the sector, which makes the most use of these systems will be the commercial sector. With the increasing number of shopping malls and other commercial establishments, all over the world, there is a boom in the demand for these district cooling systems. This has a major role to play in powering the sale of district cooling systems, the total value of which will reach USD 45,836 million by the end of this decade. Governments Doing their Part to Reduce Air Pollution For reducing pollution to improve air quality, initiatives are introduced. These systems would allow people to have affordable energy together with better air quality. In India, district cooling is included in smart city plans for reducing the consumption of electricity and emission of carbon. Several governments are including district energy in their expansion plans and signing agreements with the District Energy in Cities initiative for ensuring that requirements are met by ideal use of existing resources sustainably. Read More: https://www.psmarketresearch.com/market-analysis/district-cooling-market

Smart Card IC Market Will Reach USD 4,929.8 Million by 2030 The global smart card IC market will touch USD 4,929.8 million, propelling at a 7.1% compound annual growth rate, by 2030. This is mainly because of the growing utilization of financial cards and other safe payment solutions. Moreover, the acceptance of smart IDs in educational organizations and e-governance projects are propelling growth. The growing need for safe payment solutions is one of the major reasons because of why the industry is rising at a high pace. As the count of e-commerce payments is growing, so is the count of scams and frauds. To dodge being a victim of such scams, more-safe solutions are needed, and smart cards are one such solution, as they provide more safety and privacy than other financial data storage or payment solutions. In 2022, based on end users, the telecommunications category dominated the industry with the largest share. This is mainly because of the use of integrated circuits in subscriber identity modules, boosted by the increasing smartphone acceptance. Businesses are not only offering postpaid and prepaid SIMs but also pay-as-you-go variants with minimal paperwork, which makes it simpler for customers to use such cards. Additionally, numerous steps are being taken by the government of several nations to connect individuals in rural areas with the internet or smartphones. Based on the interface segment, the contactless category is rising at a high pace. This is because of the growing utilization of such cards in several establishments and educational organizations as an access control device. They are utilized in biometric arrangements as they convey information in only one way and do not need the Internet to process. Furthermore, because of the COVID-19 epidemic, several establishments shifted to contactless smart cards, as they are a more-sterile choice over touch-based biometric technologies, like fingerprint and palm geometry recognition. During the forecast period, the APAC region is projected to grow at a high rate, mainly because of the rapid industrialization and urbanization in the region. Moreover, the fast acceptance of novel technologies in the healthcare, telecommunications, and BFSI industries is boosting the addition of integrated circuits in smart cards. Furthermore, the count of SIMs being utilized in the region is growing at a high rate, which will drive the industry’s development. Based on type, in 2022, the microcontroller category led the market with the largest share, and the category is also projected to dominate the market in the future as well, as such chips provide better memory storage and safety to information compared to the old-style magnetic-stripe cards. Hence, the growing utilization of financial cards and other safe payment solutions. Moreover, the acceptance of smart IDs in educational organizations and e-governance projects are the major factors propelling the market. Read More: https://www.psmarketresearch.com/market-analysis/smart-card-ic-market