“Growing awareness regarding energy saving and government responses are driving the demand for recycled plastics market”
The Recycled Plastics Market is projected to grow from USD 27.9 billion in 2021 to USD 43.5 billion by 2026, at a CAGR of 9.3% from 2021 to 2026. One of the key factors driving the growth of recycled plastics market include the growing awareness regarding energy saving and government responses. Also, governments around the world are concerned about plastic wastes, especially single-use packaging wastes, and are implementing regulations to both minimize environmental waste and improve waste management processes. This, in turn, is expected to contribute to the growth of the recycled plastics market.
“PET is estimated to lead the recycled plastics market, by......
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“The environmental testing equipment market is projected to grow at a CAGR of 7.6% during the forecast period”
The global environmental testing equipment market is estimated to reach USD 1.6 billion by 2027 from USD 1.1 billion in 2022, at a CAGR of 7.6% during the forecast period (2022-2027). Growth in the environmental testing equipment market is mainly driven by the rising levels of environmental pollution worldwide, increasing efforts from public/private organizations to raise awareness about environment protection, privatization of environmental testing and treatment services, and increasing funding on wastewater treatment projects/programs. Increasing industrial activities post COVID-19, and the growing utilization of mobile & portable systems are also expected to provide ......
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“Increasing demand for weather forecasting services in agriculture and renewable are driving the weather forecasting services market.”
The weather forecasting services market size is projected to grow from an estimated USD 1.7 billion in 2021 to USD 2.7 billion by 2026, at a CAGR of 9.9% during the forecast period. Some of the factors fueling the market’s growth include increasing safety concerns in end-use industries and a rise in climate change patterns resulting in uncertainties related to rainfall. Increasing super computing capabilities and an upsurge in the production of renewable energy are anticipated to open several growth opportunities for weather forecast service providers during the forecast period.
The COVID-19 pandemic has impacted the weather forecasting servic......
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“Increasing adoption of renewable energy sources driving the demand for weather forecasting systems are to drive the weather Forecasting Systems market”
The Weather Forecasting Systems Market is projected to grow from USD 2.7 billion in 2021 to USD 3.5 billion by 2026, at a CAGR of 5.1% in terms of value during the forecasted period. The market exhibits lucrative growth potential during the forecast period primarily due to the increasing demand for weather monitoring systems by end-user industries to align their business activities as per the changes in prevalent weather conditions. The market is also driven by the enhanced need for weather monitoring to support disaster management at a local, regional, and global level.
The Weather Forecasting Systems Market is dominated by a ha......
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“The FGD systems market is projected to grow at a CAGR of 5.2% from 2021 to 2026, in terms of value.”
The FGD systems market is projected to grow from USD 19.3 billion in 2021 to USD 24.9 billion by 2026, at a CAGR of 5.2% from 2021 to 2026. The FGD systems market has shown a positive growth trend over the last few years and is primarily driven by various factors such as stringent air pollution control regulations, rising environmental awareness, and consideration of coal as the most reliable source of energy. However, high initial installation costs, high operational energy requirements, and waste disposing requirements and associated costs are some of the factors that are restraining the growth of this market.
“The dry & semi-dry FGD system segment is projected to grow a......
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The residential air purifiers market is expected to grow at a CAGR of 8.1% in the forecast period.
The global residential air purifiers market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1% during the forecast period. The residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. They offer the advantages of higher efficacy, usability, and improved air quality for healthy breathing. Currently, with the surge in COVID-19 cases, there is an increased focus on personal health, coupled with the need to reduce the spread of infection. This is further expected to drive the market growth during the forecast period. However, the technical ......
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The wastewater treatment services market is projected to reach USD 71.6 billion by 2026, at a CAGR of 6.2 % from USD 53.0 billion in 2021. Growing population, expanding manufacturing industry, urbanization, and regulatory requirements are the major drivers of the wastewater treatment services market. Initiatives by manufacturing industries and state bodies for low waste generation and growing awareness about new water treatment technologies are some of the factors which are likely to boost the wastewater treatment services market.
“Increasing environmental regulations”
Nations have enforced strict norms against polluting the naturally occurring water bodies and illegal discharge of wastewater. In countries such as China, which were severely impacted by air pollution, special laws......
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The environmental technology market is estimated at USD 552.1 billion in 2021 and is projected to reach USD 690.3 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. The environmental technology market is on course for intense growth across different verticals such as power, energy & utilities, manufacturing, retail & consumer goods, construction & building materials, government & defense, oil & gas, and others.
Environmental technology includes the application of environmental sciences for the development of new technologies to monitor, conserve, or reduce environmental impacts. These technologies help prevent or mitigate pollution; manage or reduce waste streams; remediate contaminated sites; design, develop & operate environmental infrastructure; and deliver......
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“High adoption for environmental protection services is driving the environmental remediation market”
The overall environmental remediation market is expected to grow from USD 104.6 billion in 2021 to USD 158.8 billion by 2026; it is expected to grow at a CAGR of 8.7% during 2021–2026. Key factors fueling this market's growth include increasing government initiatives for environmental protection; growing focus on development of environment-friendly industries; and rapid population growth and industrialization in developing countries. Development of advanced remediation technologies and continuous expansion of oil & gas industry create a strong demand for environmental remediation for efficient industrial operations in the midst of COVID-19.
“Oil & gas application to w......
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The residential air purifiers market is expected to grow at a CAGR of 8.2 % in the forecast period.
The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2%. The Residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. These are designed to filter the air in a single room or area and reduce indoor air pollution. They offer the advantages of higher efficacy, usability, and improved air quality for healthy breathing. Over the years, residential air purifiers have gained importance among homes and residential buildings with the inclination towards quicker, safer, simpler, and high-end air purifiers, encou......
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