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Intelligent Transportation System (ITS) Market Size, Share USD 79.32 Billion by 2035

Intelligent Transportation Systems Market was valued at USD 29.88 Billion in 2024 and is expected to reach USD 79.32 Billion by 2035, with a CAGR of 15.16% from 2024 to 2035.

Intelligent Transportation Systems (ITS) are cutting-edge technologies employed in transportation infrastructure and vehicles to enhance safety, efficiency, and mobility. These systems are traffic control, computerized collection of tolls, traveler data in real-time, and vehicle control by remote. In addition, ITS applications range from reducing traffic congestion and enhancing public transport efficiency to enhancing road safety through real-time monitoring and communication between vehicles and infrastructure.

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Key Intelligent Transportation System Companies:

  • Advantech Co., Ltd.
  • Aireon
  • Alstom SA
  • Cubic Corporation
  • EFKON GmbH
  • Hitachi, Ltd.
  • Indra Sistemas, S.A.
  • Iteris, Inc.
  • Kapsch TrafficCom AG
  • KONGSBERG
  • L3Harris Technologies, Inc.
  • Navico Group
  • NEC Corporation
  • Siemens AG
  • Spire Global
  • Teledyne Technologies Incorporated
  • Thales
  • TransCore
  • Wabtec Corporation

Global Intelligent Transportation System Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global intelligent transportation system market based on mode of transportation roadway offering, roadway system type, roadway application, railway offering, railway system type, railway application, airway offering, airway system type, airway application, maritime offering, maritime system type, maritime application, and region.

  • Intelligent Transportation System Mode of Transportation Outlook (Revenue, USD Billion, 2018 – 2035)
    • Roadway
    • Railway
    • Airway
    • Maritime
  • Intelligent Transportation System Roadway Offering Outlook (Revenue, USD Billion, 2018 – 2035)
    • Hardware
      • Interface Boards
      • Sensors
      • Surveillance Cameras
      • Telecommunication Networks
      • Monitoring and Detection Systems
      • Others
    • Software
      • Visualization Software
      • Video Detection Management Software
      • Transit Management Software
      • Others
    • Services
      • Cloud services
      • Business services
      • Professional services
  • Intelligent Transportation System Roadway System Type Outlook (Revenue, USD Billion, 2018 – 2035)
    • Advanced Traveler Information System (ATIS)
    • Advanced Traffic Management System (ATMS)
    • Advanced Transportation Pricing System (ATPS)
    • Advanced Public Transportation System (APTS)
    • Emergency Medical System (EMS)
  • Intelligent Transportation System Roadway Application Outlook (Revenue, USD Billion, 2018 – 2035)
    • Traffic Management
    • Road Safety and Security
    • Freight Management
    • Public Transport
    • Environment Protection
    • Automotive Telematics
    • Parking Management
    • Road Tolling Systems
    • Others
  • Intelligent Transportation System Railway Offering Outlook (Revenue, USD Billion, 2018 – 2035)
    • Hardware
      • Interface Boards
      • Sensors
      • Surveillance Cameras
      • Telecommunication Networks
      • Monitoring and Detection Systems
      • Others
    • Software
      • Visualization Software
      • Video Detection Management Software
      • Transit Management Software
      • Others
    • Services
      • Cloud services
      • Business services
      • Professional services
  • Intelligent Transportation System Railway System Type Outlook (Revenue, USD Billion, 2018 – 2035)
    • Advanced Traveler Information System (ATIS)
    • Advanced Traffic Management System (ATMS)
    • Advanced Transportation Pricing System (ATPS)
    • Advanced Public Transportation System (APTS)
    • Emergency Medical System (EMS)
  • Intelligent Transportation System Railway Application Outlook (Revenue, USD Billion, 2018 – 2035)
    • Rail-running Operation and Collision Avoidance
    • Passenger Information Management
    • Smart Ticketing
    • Security Surveillance
    • Emergency Notification
    • Others
  • Intelligent Transportation System Airway Offering Outlook (Revenue, USD Billion, 2018 – 2035)
    • Hardware
      • Interface Boards
      • Sensors
      • Surveillance Cameras
      • Telecommunication Networks
      • Monitoring and Detection Systems
      • Others
    • Software
      • Visualization Software
      • Video Detection Management Software
      • Transit Management Software
      • Others
    • Services
      • Cloud services
      • Business services
      • Professional services
  • Intelligent Transportation System Airway System Type Outlook (Revenue, USD Billion, 2018 – 2035)
    • Advanced Traveler Information System (ATIS)
    • Advanced Traffic Management System (ATMS)
    • Advanced Transportation Pricing System (ATPS)
    • Advanced Public Transportation System (APTS)
    • Emergency Medical System (EMS)
  • Intelligent Transportation System Airway Application Outlook (Revenue, USD Billion, 2018 – 2035)
    • Security Surveillance
    • Shuttle Bus Tracking
    • Traveler Information Management
    • Aircraft Traffic Management
    • Smart Ticketing
    • Emergency Notification
    • Others
  • Intelligent Transportation System Maritime Offering Outlook (Revenue, USD Billion, 2018 – 2035)
    • Hardware
      • Interface Boards
      • Sensors
      • Surveillance Cameras
      • Telecommunication Networks
      • Monitoring and Detection Systems
      • Others
    • Software
      • Visualization Software
      • Video Detection Management Software
      • Transit Management Software
      • Others
    • Services
      • Cloud services
      • Business services
      • Professional services
  • Intelligent Transportation System Maritime System Type Outlook (Revenue, USD Billion, 2018 – 2035)
    • Advanced Traveler Information System (ATIS)
    • Advanced Traffic Management System (ATMS)
    • Advanced Transportation Pricing System (ATPS)
    • Advanced Public Transportation System (APTS)
    • Emergency Medical System (EMS)
  • Intelligent Transportation System Maritime Application Outlook (Revenue, USD Billion, 2018 – 2035)
    • Freight Arrival & Transit
    • Real-time Weather Information Tracking
    • Container Movement Scheduling
    • Emergency Notification
    • Others

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Regional Insights
North America dominated the market share of more than 35.0% in 2022. The region is dominated by key global players and is highly set up with a number of technologies to develop and implement the latest and innovative technologies, including machine learning, big data, and cloud computing, to tackle the growing traffic and public transit system. Regional governments’ strong focus on the development of transportation infrastructure is propelling the ITS market growth.

Intelligent Transportation System (ITS) market in Europe is facing an enormous challenge as far as traffic congestion is concerned, resulting in increased traffic flows, increased travelling times, and energy and non-renewable resource wastage. Governments and transport authorities in response are converting to ITS technology to maximize flow of traffic, minimize congestion, and upgrade outdated infrastructure. More so, main firms in the region are quite engaged in the region’s efforts towards environmental conservation and concentrating on reducing energy utilization.

U.K. Intelligent Transportation System (ITS) Market Trends
The Intelligent Transportation System (ITS) market in the U.K. held a 19.1% revenue share of the European market in 2022.
The growing transportation infrastructure, positive economic policies, and government plans for digitization and sustainable transportation infrastructure have increased the growth of the intelligent transportation market in the U.K.

Germany Intelligent Transportation System (ITS) Market Trends
The Intelligent Transportation System (ITS) market in Germany is in high demand be due to increased traffic congestion, road safety, and increasing pollution. In addition, the rise in urban populations is putting pressure on the available transportation system and infrastructure. These are expected to increase the demand for intelligent transportation systems in Germany.

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Banking and Finance News

UAE Travel Insurance Market: Trip Type, Traveler Type & Forecast 2028

UAE travel insurance market

UAE Travel Insurance Market: Trip Type, Traveler Type & Forecast 2028

The UAE travel insurance market is poised for substantial growth, fueled by rising tourism, increased travel spending, and growing awareness about travel protection. The market is projected to expand from $565.7 million in 2024 to $1,380.2 million by 2030, reflecting a CAGR of 16% from 2025 to 2030.

With more UAE residents traveling domestically and internationally, the demand for single-trip, multi-trip, and long-stay travel insurance is increasing. Additionally, digitalization and innovative insurance offerings from companies such as AXA, Oman Insurance, and AIG are further accelerating market growth.

Market Trends:

  1. Growing Tourism Industry: Increased domestic and international travel boosts demand for travel insurance.
  2. Higher Travel Spending: UAE citizens spent $21.78 billion on travel and tourism in 2021.
  3. Rising Demand for Digital Insurance: Insurtech platforms are making it easier to buy travel insurance online.
  4. Increase in Business & Family Travel: Business travelers and families are purchasing travel coverage more frequently.
  5. Flexible Insurance Plans: Insurers offer personalized plans, including COVID-19 coverage and emergency medical assistance.

Market Challenges:

  1. Lack of Awareness Among Travelers: Some travelers still do not consider insurance necessary.
  2. Regulatory Changes: Government policies can impact premium rates and coverage.
  3. Competitive Pricing Pressure: Insurers must offer competitive premiums while maintaining profitability.
  4. Claims Processing Delays: Some travelers face longer claim settlement periods, affecting customer satisfaction.
  5. Economic Uncertainty: Inflation and fluctuating exchange rates may impact premium affordability.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) @

👉https://www.marketinsightsresearch.com/request/download/9/56343/UAE-Travel-Insurance-Market 

 

Dominating Region:

  • Dubai leads the UAE travel insurance market, driven by its status as a major tourism and business hub.

Fastest-Growing Region:

  • Abu Dhabi is emerging as the fastest-growing region due to increasing government initiatives in tourism and financial services.

Global Market – Regional Analysis:

  • North America: Strong travel insurance adoption due to regulatory requirements.
  • Europe: High penetration rates for multi-trip and long-stay travel insurance.
  • Asia-Pacific: Rapid growth in business travel insurance and digital insurance platforms.
  • Middle East & Africa: UAE leads in travel insurance adoption, followed by Saudi Arabia and Qatar.
  • South America: Rising travel insurance awareness among international tourists.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗟𝗮𝘁𝗲𝘀𝘁 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 UAE travel insurance market 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁

https://www.marketinsightsresearch.com/report/buy_now/9/56343/UAE-Travel-Insurance-Market 

Market Segmentation:

 Trip Type:

  • Single-Trip Travel Insurance
  • Annual Multi-Trip Travel Insurance
  • Long-Stay Travel Insurance

 Mode of Purchase:

  • Insurance Companies
  • Insurance Agents/Brokers
  • Others (Insurtech Companies, Third Party, etc.)

 Traveler Type:

  • Senior Citizens
  • Education Travelers
  • Business Travelers
  • Family Travelers
  • Independent Travelers

 Travel Type:

  • Domestic Travel
  • International Travel

 Region:

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ajman
  • Rest of UAE

Key Market Players:

  1. Orient Insurance PJSC
  2. Alliance Insurance P.S.C
  3. American International Group, Inc. (AIG)
  4. Royal & Sun Alliance Insurance (Middle East)
  5. AXA Insurance (Gulf)
  6. Oman Insurance Company P.S.C. (“Sukoon”)
  7. Islamic Arab Insurance Company
  8. HSBC UAE Middle East Limited
  9. Al Sagr National Insurance Company (PSC)
  10. Dubai National Insurance & Reinsurance P.S.C.

𝗚𝗲𝘁 𝟭𝟬-𝟮𝟱% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲

https://www.marketinsightsresearch.com/request/discount/9/56343/UAE-Travel-Insurance-Market 

Future Outlook:

The  expected to continue expanding, driven by:

  • Higher travel spending by UAE residents.
  • Government initiatives to promote tourism.
  • Growing adoption of online travel insurance.
  • Personalized coverage options, including COVID-19 protection.
  • New market entrants offering competitive pricing and digital solutions.

As UAE remains a global travel hub, the travel insurance sector will play a crucial role in ensuring financial security and medical assistance for travelers. With ongoing technological advancements and customer-focused insurance solutions, the UAE travel insurance market is set for sustained growth.

Categories
Banking and Finance News

Vietnam Consumer Durable Loan Market: Type, Tenure & Forecast 2028

Vietnam Consumer Durable Loan Market

Vietnam Consumer Durable Loan Market: Type, Tenure & Forecast 2028

The Vietnam consumer durable loan market is set for robust growth, fueled by rising demand for home appliances, digitalization, and easy financing options. With an increasing middle-class population, rising disposable income, and attractive loan offerings, more consumers are opting for consumer durable loans to finance smartphones, washing machines, refrigerators, air conditioners, and other electronics.

The market is expected to expand significantly between 2024 and 2028, driven by growing e-commerce penetration, fintech innovations, and consumer-friendly loan repayment structures. The CAGR is projected to be strong, supported by competitive interest rates and flexible loan tenures.

Market Trends:

  1. Growing Digitalization in Banking: More consumers are choosing digital loan applications.
  2. Rising Demand for Smart Appliances: Increasing preference for smart home devices and modern electronics.
  3. Expansion of E-commerce & Online Lending: Consumers are financing products through e-commerce platforms.
  4. Zero-Interest & Flexible Loans: Banks and financial institutions are offering easy installment plans.
  5. Government Support for Financial Inclusion: Policies encouraging digital lending and consumer credit expansion.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) @

👉https://www.marketinsightsresearch.com/request/download/9/56344/Vietnam-Consumer-Durable-Loan-Market 

 

Market Challenges:

  1. High Competition Among Lenders: Growing market players are making interest rates highly competitive.
  2. Risk of Loan Defaults: Increasing unsecured lending comes with higher credit risks.
  3. Regulatory Changes: Government regulations may impact loan approval rates and interest rates.
  4. Economic Slowdowns: Financial uncertainties may reduce borrowing capacity.
  5. Consumer Awareness: Some consumers remain hesitant about digital financing solutions.

Dominating Region:

  • Southern Vietnam leads in consumer durable loan adoption, driven by urbanization and tech-savvy consumers.

Fastest-Growing Region:

  • Northern Vietnam is the fastest-growing region, with increasing disposable income and rising demand for home appliances.

Global Market – Regional Analysis:

  • North America: Advanced credit markets and high consumer spending on durable goods.
  • Europe: Growing focus on energy-efficient appliances and sustainable financing.
  • Asia-Pacific: Emerging markets like Vietnam, India, and Indonesia leading in loan adoption.
  • Middle East & Africa: Gradual expansion of consumer lending in urban areas.
  • South America: Rising digital banking solutions boosting consumer finance.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗟𝗮𝘁𝗲𝘀𝘁 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 Vietnam Consumer Durable Loan 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁

https://www.marketinsightsresearch.com/report/buy_now/9/56344/Vietnam-Consumer-Durable-Loan-Market 

Market Segmentation:

 Type:

  • Smartphones
  • Washing Machines
  • Refrigerators
  • Air Conditioners
  • Others (Laptops, Televisions, etc.)

 Tenure:

  • Less than 1 Year
  • 1 Year to 3 Years
  • More than 3 Years

 Region:

  • North Vietnam
  • South Vietnam
  • Central Vietnam

Key Market Players:

  1. VPBank Finance Company Limited (FE CREDIT)
  2. Home Credit Vietnam Finance Company Limited
  3. HD SAISON Finance Company Limited
  4. JACCS International Vietnam Finance Co., Ltd.
  5. Mirae Asset Finance Company
  6. Vietnam Technological and Commercial Joint Stock Bank (TECHCOMBANK)
  7. Military Commercial Joint Stock Bank (MB Bank)
  8. Tien Phong Commercial Joint Stock Bank (TPBank)

𝗚𝗲𝘁 𝟭𝟬-𝟮𝟱% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲

https://www.marketinsightsresearch.com/request/discount/9/56344/Vietnam-Consumer-Durable-Loan-Market 

Future Outlook:

The Vietnam consumer durable loan market is on a steady growth path, supported by:

  • Rising demand for digital financing solutions.
  • Expansion of fintech lending platforms.
  • Growing adoption of installment-based consumer credit.
  • Increasing government initiatives for financial inclusion.

With technology-driven loan processing, competitive financing options, and rising consumer spending, Vietnam’s consumer durable loan market is poised for significant expansion in the coming years.

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Uncategorized

Vertical Farming Market by Growth Mechanism (Aeroponics, Hydroponics, Aquaponics), Structure (Building-Based Vertical Farms, Shipping Container-Based Vertical Farms)

Increased urbanization at a very rapid pace is exerting pressure on deforestation, which in turn is creating phenomenal changes in climate. The large-scale influence of these phenomena on traditional agriculture patterns is looking favorable for the Vertical Farming Market.

The decline in the supply of land for farming is expected to hasten the sales, supporting the market size to grow up to approximately USD 39.26 Billion by 2035 over USD 5.74 Billion that was valued in 2024. In addition, the many mouths to be fed are demanding the government and private institutions to use vertical farming to boost crop yield, supporting the market to grow significantly at a CAGR of 26.23% during the forecast period.

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Competitive Environment
The study report of “Global Vertical Farming Market” will give us meaningful information keeping a focus on the worldwide market. Key market players include Plenty Unlimited, Inc., Osram Licht AG, Signify Holding, Valoya, Sky Greens, Freight Farms, AeroFarms, Spread, Everlight Electronics, Heliospectra AB, Agrilution GmbH, GreenTech, Vertical Farm Systems, 4D Bios, Inc., Gronska stadsodling ab, Brightfarms, Inc., Hort Americas, Illumitex, Inc., American Hydroponics, Agricool, Koninklijke Philips N.V., InFarm, AMHYDRO, GrowUp Urban Farms, Ltd., Urban Crop Solutions, Future Crops, GrowY, Intelligent Growth Solutions Limited, SweGreen, Jones Foods Company.

Latest Developments

Grow Shop Hydroponics has been acquired by Hydroponics, a technology-driven provider of global agricultural materials, information and insights, and procurement for large-scale, commercial cannabis cultivation facilities, in October 2019. Grow Shop Hydroponics is a cannabis equipment store located in Desert Hot Springs, a rapidly growing cannabis center in California. This follows the Company’s announcement of a $75 million strategic acquisition initiative.
In April 2020, AeroFarms has revealed that it will construct a 90,000 square-foot indoor vertical farm in Abu Dhabi, UAE, as part of a USD 100 million AgTech investment by Abu Dhabi Initiative Office (ADIO).
In July 2021, Sky Greens, an idea conceived by engineer Jack Ng, has grown from a vertical farm system to a micro-farm franchise, with Green Trade Financing from UOB giving the innovative business model an added boost.
In August 2021, Kalera, a world leader in fastest-growing and largest vertical farming companies, announces the execution of a share purchase agreement to buy all the shares of &ever, the global indoor farming leader in baby leaf, for a total consideration representing an enterprise value of EUR 130 million on a cash and debt-free basis.

Vertical Farming Market by Category

Growth Mechanism

  • Aeroponics
  • Hydroponics
  • Aquaponics

Structure

  • Building-Based Vertical Farms
  • Shipping Container-Based Vertical Farms

Component

  • Hardware
  • Irrigation System
  • Fertigation System
  • Climate Control
  • Hydroponic Components
  • Lighting System
  • Building Material
  • Sensor
  • Shelves and Racks
  • HVAC Systems
  • Software
  • Vertical Farming Management Software
  • Services
  • Managed Services
  • System Integration and Consulting
  • Professional Services
  • Maintenance and Support Services

Crop Type

  • Fruits, Vegetables, and Herbs
  • Flowers and Ornamentals
  • Cannabis
  • Microgreens
  • Others

Structure Insights
The container shipping segment was the market leader with a share of approximately 53.32% in 2022 and is anticipated to continue being dominant from 2023 to 2030. This is because structure has the capability to assist in the growth of crops regardless of location. Among the key advantages of farming using containers is that container farms are portable, and one doesn’t need to have a vast piece of land or specialized building to begin farming.

Also, the cost of shipping containers is lower with greater competition since the cost of obtaining used containers is comparatively lower, which provides an opportunity for other firms to move into the space of the market. Low comparative output and opposition between light, heat, and layout are a few of the disadvantages of this type of agriculture.

Key Companies & Market Share Insights
Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems are some of the prominent players in the market.

Vertical Farm Systems is involved in designing fully automated growing systems with reusable medium and energy efficient climate cells. The firm applies artificial intelligence (AI) and automation for optimal growing conditions.
Brightfarms Inc., is a company involved in indoor farming that offers fresh packaged salad. The firm retails their product locally that are cultivated in controlled environment. The firm is leaning towards innovation of effective vertical farming system with emphasis on resource efficiency and sustainable operations.

Bowery Farming and Aerofarm are some of the new market entrants in the target market.

Bowery Farming is involved in offering solutions for vertical farming and digital agriculture. Bowery Farming is a New York company with farms located in New Jersey, Maryland, and Pennsylvania.
Aerofarm, is an American indoor vertical farming solution company. The firm employs artificial intelligence and plant biology to repair broken food system and enhance fresh produce growth

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Crop Category Insights
The fruits, vegetables, & herbs segment accounted for the highest market share in 2022 and is anticipated to be the dominant segment during the period 2023-2030. The growth of the segment is being spurred by increasing cultivation of the commonly cultivated fruits and vegetables through vertical farming. Plants cultivated in vertical farming generate maximum revenue to firms engaged in their cultivation. Vertical farming enhances biodiversity at the same time because it does not result in land disturbances. Therefore, vertical farming is in demand for cultivation of various types of crops. In addition, fruits, vegetables, & herbs are categorized under tomato, lettuce, bell, chili peppers, strawberry, cucumber, leafy greens (not lettuce), herbs, and others. Among which tomatoes category dominated the market and generated over 24.23% of global fruits, vegetables, & herbs revenue in 2022. This huge percentage is due to the high average demand for tomatoes across all regions than other crops like lettuce, leafy greens, peppers, cucumbers, herbs, etc. A number of the most widely cultivated fruits, vegetables, and herbs around the world include strawberries, lettuce, bell, chili peppers, tomato, cucumber, and leafy greens, among others. Among the crucial reasons for cultivating any crop through vertical farming is to confirm whether the economic sustainability of that crop is possible or not, whereby the firm confirms that it earns a lot of money from that cultivation.

Categories
Banking and Finance News

U.S. Business Travel Insurance Market: Users, Coverage, Distribution & Forecast to 2026

U.S. Business Travel Insurance Market

U.S. Business Travel Insurance Market: Users, Coverage, Distribution & Forecast to 2026

Rising Demand in the U.S. Business Travel Insurance Market

The U.S. business travel insurance market is witnessing rapid growth, fueled by increasing corporate travel, evolving risk management strategies, and advancements in digital insurance platforms. As companies prioritize employee safety and financial protection during business trips, the demand for comprehensive business travel insurance policies continues to surge.

The market, valued at $3.78 billion in 2023, is projected to reach $22.8 billion by 2032, growing at an impressive CAGR of 19.1% during the forecast period. This growth is supported by advancements in materials, recycling technologies, and shifting consumer preferences toward customizable and digital insurance solutions.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐅𝐮𝐥𝐥 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭) @

https://www.marketinsightsresearch.com/request/download/9/56360/United-States-Business-Travel-Insurance-Market 

Key Market Segments

Our comprehensive analysis covers the major segments in the U.S. business travel insurance market:

  • By Type of User: B2B, B2C, B2B2C

  • Based on Insurance Cover:

     Single-trip travel insurance

     Annual multi-trip travel insurance

     Long-stay travel insurance

     By Distribution Channel: Banks, Insurance companies, Insurance intermediaries, Insurance brokers, Insurance trade, Insurance aggregators, Others

  • By Region: North, South, East, and West U.S.

Market Trends

The rise of digital insurance platforms, AI-driven claim processing, and blockchain-powered security features are transforming the business travel insurance landscape. Employers are increasingly opting for annual multi-trip insurance policies to streamline travel risk management and reduce operational costs. Additionally, sustainability trends in corporate travel, including carbon footprint tracking, are influencing insurance policy structures.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗟𝗮𝘁𝗲𝘀𝘁 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 U.S. Business Travel Insurance Market 𝗥𝗲𝗽𝗼𝗿𝘁

https://www.marketinsightsresearch.com/report/buy_now/9/56364/India-Home-Loan-Market

Market Challenges

While there are robust growth prospects, the market encounters numerous challenges.. High insurance premiums, evolving regulatory frameworks, and the complexity of international coverage present hurdles for businesses and insurers alike. Additionally, limited awareness among small and medium-sized enterprises (SMEs) about the benefits of business travel insurance remains a barrier to market expansion.

Dominating & Fastest-Growing Regions

The Northeastern U.S. currently dominates the business travel insurance market, driven by a high concentration of corporate headquarters and frequent business travel. Meanwhile, the Western U.S. is emerging as the fastest-growing region, fueled by the expansion of the tech industry, startup culture, and increasing global business partnerships.

Regional Market Analysis & Forecast

With a projected market value of $22.8 billion by 2032, the U.S. business travel insurance industry is set to experience significant transformation. The integration of AI, machine learning, and personalized insurance plans will further accelerate market penetration. As corporate travel resumes post-pandemic, insurers are focusing on flexible policies that cater to evolving business needs.

Key Market Players

Leading companies in the U.S. business travel insurance market include:

  • Allianz
  • American International Group, Inc.
  • AXA
  • USI Insurance Services, LLC
  • battleface
  • Seven Corners Inc.
  • Travel Insured International
  • Zurich
  • Delphi Financial Group, Inc.
  • Nationwide Mutual Insurance Company

𝗚𝗲𝘁 𝟭𝟬-𝟮𝟱% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲

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Conclusion

The U.S. business travel insurance market is on a strong growth trajectory, supported by technological advancements, corporate travel expansion, and rising demand for customized insurance solutions. By addressing market challenges and leveraging digital innovations, insurers can tap into emerging opportunities and redefine business travel risk management.

Categories
News

Construction Equipment Market Size – By Product (Earth Moving & Road Building Equipment, Material Handling & Cranes, Concrete Equipment [Concrete Pumps, Crushers, Transit Mixers, Asphalt Pavers, Batching Plants]), & Forecast, 2025 – 2035 ( USD 245.34 billion by 2035)

Construction Equipment Market was worth USD 179.45 billion in 2024 and is forecasted to witness 8.9% CAGR between 2024 and 2035 ( USD 245.34 billion by 2035) thanks to the ongoing technological developments made by prominent firms. Such advancements in technology are transforming the construction sector, boosting efficiency, productivity, and safety in different types of construction activities. Firms are spending big on research and development to launch state-of-the-art equipment with advanced features like GPS tracking, telematics, and autonomous features. These technologies make construction processes more efficient while providing cost savings and environmental advantages.

 

Report Attribute Details
Base Year 2024
Construction Equipment Market Size in 2023 USD 179.45 Billion
Forecast Period 2024 – 2035
Forecast Period 2024 – 2032 CAGR 8.9%
2035 Value Projection USD 245.34 Billion
Historical Data for 2021 – 2023
No. of Pages 345
Tables, Charts & Figures 350
Segments covered Product
Growth Drivers
  • Proliferation of technologically advanced construction machinery
  • Growing infrastructure development activities worldwide
  • Rising refurbishment and maintenance activities in Japan
  • Remarkable construction industry development in BRIC countries
  • Increasing investments in mining projects in MEA and Latin America
Pitfalls & Challenges
  • Limited availability of qualified and skilled equipment operators
  • High ownership costs of construction equipment
  • Expensive construction equipment maintenance

Find out more about the most important segments driving this market

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The earthmoving and roadbuilding equipment industry was a whopping 90 billion-dollar deal in 2023. And guess how? It was courtesy of earthmoving and roadbuilding equipment itself! Let’s begin with earthmoving equipment. Consider excavators, bulldozers, and loaders. These monsters are like the rock stars of construction, doing heavy-duty work such as digging, leveling, and clearing land. They’re critical to constructing everything from roads and bridges to skyscrapers. Roadbuilding machinery is another big contributor. Asphalt pavers and rollers, anyone? These are the behind-the-scenes heroes, laying down smooth roads and rolling them like a pro. They’re what keep our transportation systems in top condition. As our cities expand and populations swell, we require more infrastructure than ever. And that’s where earthmoving and roadbuilding machinery comes in. They’re the workhorse of construction, assisting contractors and construction firms in completing the job quickly. So the next time you glance at a giant excavator or a road paving vehicle, take a nod of respect for helping our world go round!

Technological integration with construction machines is poised to support market growth during the forecast period. OEMs have utilized this as a platform to introduce new offerings and increase their customer base in the construction equipment market. For example, in January 2023, John Deere released the introduction of farming and construction equipment based on batteries. The firm says that when John Deere introduced new agriculture and construction technologies, among the considerations were an increasing population, decreasing quantities of land suitable for cultivation, and increasing greenhouse gas emissions.

The premium price of product and contractor preference for taking on rental equipment are some key factors likely to impede the growth of the global construction equipment market. Contractors prefer renting the construction equipment for the duration of the given project timeline over being responsible for vehicle ownership. Ownership of construction equipment keeps a large amount of capital tied up, affecting other business operations.

Construction Equipment Market Companies
Leading companies in the construction equipment sector are

Caterpillar, Inc.
CNH Industrial
Deere & Co.
Doosan Group
Hitachi Construction Machinery
Komatsu, Ltd.
Liebherr Group
Sany Group
Terex Corporation
Volvo CE
XCMG

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Construction Equipment Industry News

In March 2024, Hitachi Construction Machinery (Europe) NV (HCME), a global leader in construction equipment manufacturing, partnered with ShareMat, a specialist in delivering professional software and Fleet Management Systems (FMS) for construction equipment, to create a strategic partnership in France.
In February 2024, CNH brand CASE Construction Equipment extended its presence in Rajasthan with the addition of a new dealer, RDR Techsol, based in Jaipur. This dealership will promote CASE’s range of products in India and provide wide-ranging support for post-sales support and spare parts.
In December 2023, Volvo CE and Ammann Group completed a deal under which the Ammann Group will purchase Volvo CE’s worldwide ABG Paver Business, including ABG, based in Germany. This win-win deal strengthened the businesses of both firms.

Market, By Product

  • Earthmoving & roadbuilding equipment
    • Backhoe
    • Excavator
    • Loader
    • Compaction equipment
    • Others
  • Material handling and cranes
    • Storage and handling equipment
    • Engineered systems
    • Industrial trucks
    • Bulk material handling equipment
  • Concrete equipment
    • Concrete pumps
    • Crusher
    • Transit mixers
    • Asphalt pavers
    • Batching plants

Product Insights
Material handling machinery segment was the market leader and held 38.5% in 2023. The growth in the material handling machinery segment can be credited to the increased demand for automation in material handling machinery due to fast industrialization, among other factors. In developed nations, totally automated industrial buildings have been constructed due to the increased adoption of automation and the continuous evolution in the market. It is anticipated that the market for material handling equipment will expand as a result of the continuous upgrading of industrial infrastructures and facilities in order to raise their capacity for production.

Power Output Insights
<100 HP segment held the highest market share in 2023. <100 HP construction machines, such as mini-excavators, compact wheel loaders, skid steer loaders, and compact track loaders, provide outstanding versatility and maneuverability. Increased application of compact construction machines in developing nations like Asia Pacific, Latin America, and Africa is also expected to boost the demand for the market during the forecast period. Development of infrastructure, urbanization, and small-scale construction activities have boosted the demand for affordable, compact, and multi-purpose machinery. Technological advancements, such as operator comfort, enhanced powertrain efficiency, and automation, are also driving the segment.

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Regional Insights
The North America construction equipment market was worth USD 40.61 billion in 2023. Smart city development in North America at a fast pace is one of the major factors driving the increasing demand for construction equipment. Government initiatives like the Smart Cities Project under the U.S. Economic Development Program aid the regional construction equipment development. Advanced construction equipment, including earthmoving, roadbuilding, and material-handling machines, is increasingly employed in the region to build smart cities cost-effectively

The Canada construction equipment market is expected to increase as a result of massive investment in smart grids and smart meters, combined with the increasing consciousness towards greenhouse emissions. The government has initiated a program for smart grids that meets the significant infrastructure development attaining its objectives for an energy system based on clean energy growth.

Asia Pacific Construction Equipment Market Trends

The Asia Pacific construction equipment industry commanded a market share of 43.8% of the overall revenue in 2023. The manufacturers of the Asia Pacific construction equipment market is retaliating by providing diverse models of construction equipment according to the various requirements of the region. The high focus placed on infrastructure growth and the demand for effective and flexible construction machinery are some of the other important drivers propelling the growth of the Asia Pacific construction equipment market.

The Chinese construction equipment market is estimated to register a CAGR of 10.9% during the forecast period of 2024-2030. Moreover, the new Regional Comprehensive Economic Partnership (RCEP) free trade agreement of China with the countries of the Asia Pacific region, including Japan, South Korea, Australia, and other minor Southeast Asian nations, is likely to foster advanced transport infrastructure activities in the region, thus boosting the demand for construction equipment.

India construction equipment market has recorded a 12.5% revenue share of the Asia Pacific market in 2023. The growth in equipment is due to the reasons such as the enhanced economic conditions, increased private sector investment, and the construction of residential and commercial infrastructure in the nation. Road construction, rail line construction, airport construction, and other forms of infrastructure construction have been adequately funded by the U.S. government, prompting the need to utilize loaders, excavators, and other heavy equipment.

Major Construction Equipment Firm Insights
Some of the prominent companies in the market are Caterpillar, Inc., Deere & Company, Sany Heavy Industry Co., Ltd., Komatsu Ltd., and Volvo Construction Equipment AB.

Caterpillar, Inc. provides a broad portfolio of construction equipment, such as dozers, loaders, and excavators, to name a few. The machines of the company are synonymous with performance, reliability, and innovative technologies.

Deere & Companyinvests heavily in research & development, launching new technologies and innovative features in its construction equipment. The technology advancements enable the company to remain competitive in the market.

Hyundai Construction Equipment Co., Ltd., HİDROMEK, and Kobelco Construction Machinery Co. Ltd. are some of the new market entrants in the construction equipment market.

Hyundai Construction Equipment Co., Ltd. is involved in construction equipment manufacturer encompassing material handling and construction equipment like excavators, backhoe loaders, wheel loaders, forklifts, and skid loaders. It is also involved in the manufacture of construction equipment and heavy machinery, including concrete mixers, bulldozers, cranes, pavers, dredging machinery, and power shovels, utilized by the construction sector.

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Recent Developments
Komatsu Ltd. and its subsidiary, Komatsu America Corp., entered into an agreement in November 2023 to acquire American Battery Solutions, Inc., a U.S.-based battery manufacturer. The acquisition of American Battery Solutions, Inc. would enable Komatsu Ltd. to produce and develop its own battery-powered mining and construction machinery by combining the battery technology of American Battery Solutions, Inc. with the technological expertise of Komatsu Ltd.

CASE Construction Equipment, a CNH Industrial N.V. brand, introduced a line of small articulated loaders and mini track loaders in October 2023, offering small contractors construction-graded power to handle more work with fewer laborers.

Categories
Pharmaceutical

Alzheimer’s Therapeutics Market is on the verge of growth: Expected to reach USD 11,433.9 million by 2035- Product Type (Cholinesterase inhibitors, Biomarkers), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy), By Geographic Scope And Forecast

The expansion of the Alzheimer’s Disease Therapeutics Market is directly affected by the rising incidence of Alzheimer’s disease worldwide. The greater prevalence of this neurodegenerative condition has greatly increased the demand for therapeutic interventions.

The growing number of Alzheimer’s disease, rising awareness among individuals regarding the same, and new technologies and medications coming into play to enhance life expectancy are influencing the growth of the Global Alzheimer’s Therapeutic market substantially. The Global Alzheimer’s Therapeutic Market report delivers an in-depth analysis of the market. The report presents an elaborate analysis of important segments, trends, drivers, restraints, competitive analysis, and factors influencing the market substantially.

The worldwide Alzheimer’s therapeutics market is set to witness substantial growth, with market value at USD 4,388.8 million in 2025, expected to grow to USD 11,433.9 million by 2035. This growth will be at a compound annual growth rate (CAGR) of 9.3% during the forecast period. The market, which earned USD 3,233.1 million in revenue in 2024, is witnessing increased demand for new drug therapies, a reflection of the pressing need for better Alzheimer’s treatments.

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Global Alzheimer’s Therapeutic Market Segmentation Analysis
Global Alzheimer’s Therapeutic Market is segmented based on Product Type, Distribution Channel, and Geography.

Alzheimer’s Therapeutic Market, Product Type
• Cholinesterase inhibitors• N-Methyl-D-Aspartate (NMDA) receptor antagonist• Biomarkers• Others

On the basis of Product Type, the market is divided into Cholinesterase inhibitors, N-Methyl-D-Aspartate (NMDA) receptor antagonists, Biomarkers, and Others. the segment of cholinesterase inhibitors holds the largest revenue share of the Global Alzheimer’s Therapeutics Market in 2020 and is anticipated to lead the market during the forecast period since they are widely used by healthcare professionals to treat symptoms of memory, thinking, language, judgment, and other thought processes. This is fueling the market

Alzheimer’s Therapeutic Market, By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

According to Distribution Channel, the market has been segmented into Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy based on Distribution Channel. Owing to the growing adoption of online pharmacy apps or websites from home by customers, particularly in the wake of the COVID-19 pandemic owing to unexpected lockdown and quarantine restrictions, the online pharmacy segment is anticipated to capture the highest revenue share of the Global Alzheimer’s Therapeutic market through the forecast period. This has also accelerated this segment’s market growth.

Alzheimer’s Therapeutic Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World

Based on Geography, the Global Alzheimer’s Therapeutic Market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. Out of the regional markets, North America holds the highest revenue share in Global Alzheimer’s Therapeutic Market in 2020 and is anticipated to maintain its dominance during the forecast period. Revenue growth in the North American market is primarily driven by rising investment in R&D initiatives aimed at developing technologically sophisticated methods and innovative drugs in the treatment of Alzheimer’s.

Also, the rising geriatric population, increasing incidence and prevalence of Alzheimer’s disease, increasing healthcare sectors, availability of trained professionals, and widespread availability of technologically sophisticated Alzheimer’s Therapeutic are the key drivers that augment the Alzheimer’s Therapeutic market in the region. The Asia Pacific market is estimated to experience growth at a substantial growth rate through the forecast period due to escalating interest in developing healthcare infrastructure as well as escalating incidences of Alzheimer’s disease in the developing countries like China, and India within this market.

Key Players
The report for “Global Alzheimer’s Therapeutic Market” will be worth valuable with the focus on the global market. The key players in the market include Pfizer, Inc., Merck & Co. Inc., Novartis AG, Eisai Co. Ltd., H. Lundbeck A/S, AC Immune, TauRx Pharmaceuticals Ltd., Actavis plc., Forest Laboratories, Teva Pharmaceuticals Industries Ltd., Janssen Pharmaceutical, GE Healthcare, Eli Lilly and Company, DiaGenic ASA, VTV Therapeutics, Hoffman-La Roche Ltd., AstraZeneca, and Daiichi Sankyo Company Ltd., and others. The competitive landscape section also comprises key development strategies, market share, and market ranking analysis of the players mentioned above in the global market.

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Key Takeaways from Market Study

Market Growth: The market for Alzheimer’s therapeutics across the globe will grow from USD 4,388.8 million in 2025 to USD 11,433.9 million by 2035 at a CAGR of 11.3%.

Breakthrough Therapies: The transition towards disease-modifying treatments, such as monoclonal antibodies and gene-based therapies, will fuel market growth.

Investment Boom: More funding from governments and private investors is accelerating drug discovery and augmenting R&D activities.

Regulatory Speedup: International regulatory authorities, such as the FDA and EMA, are likely to expedite approvals for potential treatments, compressing time-to-market for new medicines.

Technology Innovations: AI-assisted drug development, nanotech breakthroughs, and non-surgical treatment solutions will influence the sector’s development.

Population Aging Effect: With Alzheimer’s expected to grow significantly, demand for successful treatments will keep accelerating.

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Global Alzheimer’s Therapeutic Market Definition
Alzheimer’s disease is a neurodegenerative condition that usually occurs in middle age and is among the top causes of dementia. Dementia is characterized by cognitive impairment and other intellectual functions that are of sufficient severity to disrupt daily life. Alzheimer’s disease progresses with time. Alzheimer’s is a debilitating disease while dementia symptoms build up over time. Cognitive impairment is slight in the initial stages of Alzheimer’s disease but, in the later stages, individuals are unable to continue a conversation and react to their illness. Loss of memory, repeated movements, sleeplessness, anxiety, depression, restlessness, and disappearance of reasoning skills are some of the symptoms and signs of Alzheimer’s disease.

Although Alzheimer’s drugs are unable to halt the advancement of the disease, they are able to slow down the worsening of dementia side effects and enhance individual satisfaction for people with Alzheimer’s. People aged 65 years and above are likely to have Alzheimer’s disease. Based on Alzheimer’s disease raw numbers, it has been estimated that another case of AD recurs at regular intervals with an overwhelmingly high prevalence of almost 35 million patients across the globe. Consequently, clinical diagnostics and therapeutics of Alzheimer’s disease and other neurodegenerative disorders are significantly improving. Clinical diagnosis of Alzheimer’s disease is incorrect in approximately 10% to 15% of the cases. To overcome this barrier, specific biomarkers are used, which improve the accuracy of the finding.

Key Segments of Alzheimer’s Therapeutics Market

By Drug Name:

Based on drug name, the industry is segmented into- Donepezil, Rivastigmine, Memantine, Galantamine and Manufactured Combination.

By Drug Class:

Based on drug class, the industry is bifurcated into- cholinesterase inhibitors, NMDA receptor antagonists and manufactured combination.

By Distribution Channels:

Based on distribution channels, the industry is bifurcated into- hospital pharmacies, retail pharmacies, drug stores and online pharmacies.

By Region:

Major nations of North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia and Middle East and Africa (MEA) are included in the report.

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Market Insights Research (MIR)  Inc. (ESOMAR certified, winner of the Stevie Award, and member of the Greater New York Chamber of Commerce) provides deep insights into the key drivers that are accelerating demand in the market. MIR is the world’s leading provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a large network of more than 400 analysts globally, MIR offers global, regional, and local insights on various domains and industry trends in over 110 countries. Celebrate with us as we mark 10 years of providing reliable market intelligence. Looking back at a decade of success, we remain at the forefront with integrity, innovation, and expertise.

Categories
News Technology

Carbon Capture and Sequestration Market Size, Share, and Trends 2025 to 2035 (USD 19.17 billion by 2035)

Carbon Capture and Sequestration Market

Market Overview

The size of the global carbon capture and sequestration market is estimated at USD 3.87 billion in 2025 and is anticipated to grow to approximately USD 19.17 billion by 2035, growing at a CAGR of 19.82% during the period from 2025 to 2035. The size of the North America carbon capture and sequestration market exceeded USD 2.27 billion in 2024 and is growing at a CAGR of 18.81% throughout the forecast period. The market sizing and projections are revenue-based (USD Million/Billion) with the base year being 2024.

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Carbon Capture and Sequestration Market Key Takeaways

  • North America led the global market with the highest market share of 70% in 2024.
  • Asia Pacific will be home to the fastest-growing market in the coming years.
  • The natural gas processing segment led the market in 2024.
  • The power generation segment is anticipated to experience the fastest growth over the forecast period.
  • The dedicated storage & treatment segment dominated the world market in 2024.
  • The (EOR) segment is forecasted to grow at the highest CAGR during the forecast period.

Key Market Players

  • Aker Clean Carbon AS
  • Alstom SA
  • Chevron Corp.
  • Fluor Corp.
  • General Electric Co.
  • Hitachi Ltd
  • Linde AG
  • Mitsubishi Heavy Industries
  • Siemens Energy Inc.
  • Southern Co.

U.S. Carbon Capture and Sequestration Market Size and Growth (2025 to 2034)

The size of the U.S. carbon capture and sequestration market was presented at USD 1.59 billion in 2024 and is likely to be worth approximately USD 9.05 billion by 2034, growing at a CAGR of 18.99% between 2025 and 2034.

Market Analysis

The carbon capture and sequestration market is an integral component of global initiatives to reduce greenhouse gas emissions and mitigate climate change. It consists of systems and processes to transport, inject, and use carbon dioxide (CO₂) underground or for other applications once released from industrial sources and power generation. Increasing government and private spending is driving steady market growth. Global agreements like the Paris Agreement and more stringent climate regulations are fueling the integration of carbon capture and sequestration (CCS) technology to achieve emission reduction targets.

Technological innovation in CCS is reducing costs and enhancing efficiency, making it more likely that carbon capture and sequestration will be widely adopted. New material innovations, process innovations, and the connection to renewable energy sources improve the efficiency of CCS systems. As a critical tool for dealing with climate change globally, the carbon capture and sequestration market will grow dramatically.

Market Segment:

Capture Source Analysis
  • Natural Gas Processing
  • Power Generation
  • Fertilizer Production
  • Chemicals
  • Others
End-Use
  • Dedicated Storage & Treatment
  • Enhanced Oil Recovery (EOR)
Geography
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

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Segmental Insights

Type Insights

The EOR Process segment will lead the market throughout the forecast period. Enhanced Oil Recovery (EOR) is a method that includes the injection of several substances, such as carbon dioxide (CO₂), into oil reservoirs to increase oil production. In the global Carbon Capture and Sequestration (CCS) market, EOR is particularly important because it combines economic advantages with carbon capture and storage goals. EOR offers an economically viable alternative to oil companies, allowing improved oil recovery from mature or depleted oil reservoirs. The industry’s ability to identify appropriate reservoirs for CO₂ injection and storage is particularly important.

Application Insights

The Capture segment will lead the market through the forecast period. Capturing CO₂ at the point of origin keeps a large volume of greenhouse gases out of the atmosphere. The captured CO₂ can be transported and stored underground or reused for industrial purposes like enhanced oil recovery or the production of synthetic fuels. Governments in many countries offer incentives and subsidies to encourage the use of capture technologies. Carbon pricing policies, emissions reduction targets, and tax credits provide economic incentives for industries to invest in and adopt CCS technologies.

Regional Insights

North America, including the United States and Canada, leads in CCS technological development and research. Heavily investing in advanced capture, transportation, and storage technologies, both nations drive progress through research centers, universities, and private industry. The supportive policy framework, like the 45Q tax credit in the U.S., encourages CCS adoption. Notable projects include Texas’s Petra Nova and Canada’s Boundary Dam, which capture CO₂ from coal plants for enhanced oil recovery. The dual benefit of increased oil production and safe CO₂ storage attracts significant industry investment, aligning economic and environmental goals.

Recent Developments

In February 2023, a senior government energy official disclosed that India is preparing to launch a carbon capture initiative that it asserts will allow it to keep burning its rich coal reserves and combat its rising emissions.

To enable the speedy uptake of CCS for mass-scale industrial decarbonization, the new company combines technology portfolios, know-how, and operations platforms.

Categories
Energy and Power

Green Hydrogen Market Size, Share & Trends Analysis Report By Technology (PEM Electrolyzer, Alkaline Electrolyzer), By Application (Power Generation, Transportation, Others), By Distribution Channel (Pipeline, Cargo), By Region, And Segment Forecasts (USD 9,912 Million by 2035)

Green Hydrogen Market

Green Hydrogen Market size was valued at USD 790.56 Million in 2024 and is projected to reach USD 9,912 Million by 2035, growing at a CAGR of 59.8 % from 2025 to 2035.

The Green Hydrogen market has witnessed a tremendous increase in the previous few years due to the increasing demand from the pharmaceutical industry. The Global Green Hydrogen Market report delivers a holistic market evaluation. The report comprehensively analyzes critical segments, restraints, trends, drivers, competitive landscape, and factors that play a significant role in the market.

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Green Hydrogen Market, By Technology
Alkaline Electrolyzer
Polymer Electrolyte Membrane (PEM) Electrolyzer

Based on Technology, The Green Hydrogen Market is classified into Alkaline Electrolyzer and Polymer Electrolyte Membrane (PEM) Electrolyzer. The alkaline electrolyzer segment dominated with a high revenue share of about 65% in 2021 due to its traditional electrolyzer technology used in green hydrogen projects. The alkaline electrolyzer makes use of a liquid alkaline solution of potassium or sodium hydroxide as its electrolyte. It has more operating hours than PEM electrolyzers. However, alkaline electrolyzers are less in power and current density with an operating temperature range between 100 to 105 degrees Celsius as against 70-to-90-degree Celsius ranges of PEM electrolyzers. Additionally, alkaline electrolyzes are forecasted to experience a rise due to availability at a reduced price as compared to PEM electrolyzers.

 

Green Hydrogen Market, By Application
Power Generation
Transportation
Others

According to the Application, The Green Hydrogen Market is segmented into Power Generation, Transportation, and Others. The transportation segment had the highest revenue share of close to 41% in 2021. Hydrogen can be used in fuel cells or internal combustion engines in transport. Due to its energy efficiency, a hydrogen fuel cell is approximately two to three times more efficient compared to an internal combustion engine powered by gasoline. While, combustion of hydrogen in internal combustion engines creates nitrogen oxide emissions and is relatively less efficient than utilization in fuel cells. In 2020, key European automobile giants like Daimler, CNH, DAF, MAN, Ford, Scania, and Volvo announced that they will transition their fleets of trucks to hydrogen by 2040. Airbus is also making plans for hydrogen-powered airplanes and is working to operate commercial flights by 2035.

Green Hydrogen Market, By Distribution Channel
Pipeline
Cargo

On the basis of the Distribution Channel, The Green Hydrogen Market is segmented into Pipeline and Cargo. The pipeline segment had a close to 62% revenue share of the Green Hydrogen Market in 2021. Green hydrogen can be transported as a liquid in thermally insulated tanks, a gas in high-pressure tanks, processed as methanol or ammonia, or in a chemical carrier medium. However, the most economically viable means to ship high volumes over long distances is a pipeline. In September 2020, German pipeline operators Nowega, Gascade, and Siemens Energy published a white paper in common discussing the feasibility of using existing natural gas pipelines for subsequent hydrogen transportation.

Green Hydrogen Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

According to Geography, The Green Hydrogen Market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa on the basis of the regional analysis. Throughout the forecasting period, the Europe region will have a substantial share in the Global Green Hydrogen Market as a result of the huge investments by the European economies in pursuit of a shift towards an energy transition in a clean hydrogen-based economy within the next few years.

For example, the U.K. government in August 2019 announced an investment plan of $ 14.8 billion for a program that is projected to use 4 GW of offshore wind power for green hydrogen production by 2030. Moreover, the North American market is also anticipated to register high CAGR throughout the forecast period, with the United States and Canada enhancing the green hydrogen market with the implementation of clean energy policies. In the United States, California is the largest demand share, and the growth is driven by aggressive de-carbonization ambitions like phasing out gas or diesel-fueled public transports like buses by 2040.

Key Players
The “Global Green Hydrogen Market” market report study will deliver beneficial information with focus on the international market involving some of the biggest companies like Siemens Energy AG, Linde plc, Air Liquide S.A., Plug Power Inc., Nel ASA, ITM Power plc, Hydrogenics Corporation, McPhy Energy S.A., ENGIE SA, Toshiba Energy Systems & Solutions Corporation, Ballard Power Systems Inc., Cummins Inc., Doosan Corporation, Enapter AG, and Green Hydrogen Systems A/S. 

Our market research also includes a section that is exclusively devoted to such key players where our analysts give an overview of the financial statements of all the key players, product benchmarking, and SWOT analysis. The competitive landscape section also comprises key development strategies, market share, and market ranking analysis of the aforementioned players worldwide.

Key Developments
In April 2020, Siemens Gas and Power and Uniper SE announced a joint agreement on the execution of projects that both produce and utilize green hydrogen from renewable sources.

In March 2022, Siemens Energy and Air Liquide announced together that they will be developing a green hydrogen manufacturing plant in France. The plant will have a capacity of 30 MW and will be fueled by renewable energy sources.

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Drivers, Opportunities & Restraints
The industry is growing fast, owing to a number of main drivers. First and foremost, there is an increased global effort to decrease carbon emissions, and this has resulted in enhanced government incentives and investments into green hydrogen production technologies and green hydrogen infrastructure.

Green hydrogen market offers great prospects due to numerous factors. With worldwide efforts for attaining net-zero emissions, nations are making large investments in green hydrogen production to use as a source of clean energy. For example, India is planning to be a major player in this field by 2030, while planning to have a five-million-metric-ton production capacity per annum, backed by large government support and incentives.

Application Insights
By application, transport segment dominated the market with the highest revenue share of 43.39% in 2024. Hydrogen may be utilized in fuel cells or internal combustion engines in transportation. Due to its energy efficiency, a hydrogen fuel cell is twice to thrice as efficient as an internal combustion engine running on gasoline. However, combustion of hydrogen in internal combustion engines leads to nitrogen oxide emissions and is not as efficient as utilization in fuel cells. In 2020, prominent European automotive firms such as CNH, Daimler, DAF, Ford, MAN, Scania, and Volvo signed up to replace their truck fleets with hydrogen-powered vehicles by 2040. Additionally, Airbus is working on hydrogen-powered airplanes and intends to operate commercial flights by 2035.

North America Green Hydrogen Market Trends
The North American green hydrogen market is being propelled by a cluster of drivers, which focus on sustainability and innovation. A major driver is growing ambition to reach net-zero emissions, which is driving government and private investments in green hydrogen technologies. There is also accelerating demand for fuel cell electric vehicles (FCEVs) and the desire for cleaner sources of energy in a range of industries, including transport and power generation.

U.S. Green Hydrogen Market Trends
The U.S. green hydrogen industry is being driven by some of the main drivers that highlight sustainability and innovation. One major driver is the increasing focus on net-zero emissions, which has prompted more government funding and investment in renewable energy initiatives, specifically in the production of hydrogen. The increasing demand for fuel cell electric vehicles (FCEVs) also drives the market because green hydrogen is a clean alternative fuel that meets environmental objectives

UK Green Hydrogen Market Trends
The UK green hydrogen market is powered by a number of driving factors that prioritize sustainability and energy self-reliance. One main driver is the government’s focus on reaching net-zero carbon emissions by 2050, which has resulted in the development of an overarching Hydrogen Strategy to increase production and infrastructure scale-up. This involves major investments in CCUS and electrolytic hydrogen production technologies, backed by financing programs that promote private sector investment in hydrogen projects.

Asia Pacific Green Hydrogen Market Trends
The Asia Pacific green hydrogen market is set for dramatic expansion, fueled by a mix of global decarbonization ambitions, high investments in renewable energy, and the growing need for clean fuel substitutes. The region’s countries, including Australia, Japan, and South Korea, are making green hydrogen a central part of their energy agendas to minimize carbon emissions and improve energy security. The development of big-scale green hydrogen production plants and partnerships between international and local businesses further support this market.

Recent Developments
In September 2024, Thermax has collaborated with Ceres Power to produce large-scale Solid Oxide Electrolysis Cells (SOEC) for low-cost green hydrogen production, specifically using industrial waste heat. This partnership will help develop efficient systems for industries like steel and refineries. Thermax aims to set up a manufacturing facility and localize parts, which is a major development in India’s green hydrogen industry.

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Jindal Steel (JSPL) and Jindal Renewables (JRPL) announced tie-up in September 2024. The tie-up reflects both firms’ high level of dedication to decarbonization and dominance in green energy in India’s steel industry. JSPL is going to include green hydrogen into its Direct Reduced Iron (DRI) plants at the Angul plant in Odisha, which is a major step toward low-carbon steel production.

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Global Legged Robot Market Size By Type of Legged Robot, By Application, By Component, By Geographic Scope And Forecast (USD 2.99 Billion by 2035)

Legged Robot Market

Legged Robot Market size stood at USD 0.89 Billion in the year 2024 and is expected to be USD 2.99 Billion by 2035, registering a CAGR of 14.3% during the analysis period 2024-2035.

Legged Robot Market

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Global Legged Robot Market Drivers The drivers for the Legged Robot Market are determined by factors that can cause influence. Some of these are:

Demand for robotics is increasing with increasing numbers of industries, such as manufacturing, agriculture, and logistics, applying legged robots and other next-generation robotics to minimize human involvement in challenging situations and enhance working efficiency.
Advancements in robotics and AI: Ongoing enhancements in machine learning, artificial intelligence, and sensors are enhancing the functionality of four-legged robots, making them more adaptable, smarter, and more useful in complex tasks.

Increased demand for military and defense use: Supply transportation, search and rescue missions, and reconnaissance missions in rugged terrain are uses for legged robots by the defense industry that is fueling growth.

Applications in healthcare and disaster relief: The elderly and the disabled could be assisted by legged robots in healthcare, while in the context of disaster relief, their need for human involvement could also encourage market expansion.

Adoption in education and research: Academic and research institutions are constantly calling for the application of legged robots in their research into applications in autonomous systems, biomechanical engineering, and more.

Increased venture capital funding for robotics companies: The legged robot market is expanding due to a significant surge in venture capital investment in startups developing innovative robotic solutions.

Legged Robot Market, By Type of Legged Robot
Bipedal Robots
Quadrupedal Robots
Hexapod Robots

The Legged Robot Market is mainly categorized based on the type of legged robot, which comprises bipedal, quadrupedal, and hexapod robots, each having different functions and applications. Bipedal robots, meant to replicate human walking and running, are usually defined by their two-legged configuration, allowing them to move through complicated terrain like humans. These robots are widely used in domains like personal support, medical treatment, and search and rescue missions, where human mobility is useful. Quadruped robots with four legs possess the best stability and load-bearing capability, suitable for operations in the outdoors like exploration, transportation, and farm usage.

Their capacity to navigate over rough surfaces and balance presents important benefits in difficult terrains, further raising their operational performance. Hexapod robots, with six legs, offer better stability and mobility than bipedal and quadruped robots. Hexapods, being highly adaptable, are usually applied in research purposes, the military, and spaces that require complex movement and accuracy, such as robotic surveillance and mapping. Every sub-segment contributes toward the growth of the Legged Robot Market due to improvements in robotics and artificial intelligence. With the advancement of technology, these legged robots keep proving themselves to be extremely versatile, leading to more investments and demand in industries ranging from industrial automation to domestic robotic assistants, eventually deciding the future of robotics.

 

Legged Robot Market, By Application
Industrial
Healthcare
Agriculture
The Legged Robot Market is a fast-growing sector of the overall robotics market, largely characterized by the respective applications of these robots in different industries. This market is important since legged robots are specifically made to walk in complicated surroundings, hence suited for various uses. The industrial sub-segment involves robots that are used in manufacturing and logistics, where they can move across rough terrain to be useful for material handling, quality inspection, and assembly line work, hence improving efficiency and saving labor. In the healthcare sub-segment, legged robots are transforming patient care, facilitating rehabilitation therapies, and helping mobility-impaired people. Their flexibility plays a key role in hospitals for applications such as delivering medicine or offering companionship to patients, improving patient outcomes and operational effectiveness significantly.

Agriculture is another crucial sub-segment, where legged robots are used for precision farming applications such as planting, crop monitoring, and surveillance in challenging terrains. This software is especially critical in improving yield and sustainability in farming. Every one of these sub-segments emphasizes the flexibility and usefulness of legged robots, pointing out their potential to solve particular issues in different sectors. With continued developments in AI and robotics, the Legged Robot Market is poised to grow even more with the demand for automation and innovative solutions to complicated operational requirements. Finally, this market segment is at the crossroads of technological development and real use, opening the door for dramatic breakthroughs across industries.

 

Legged Robot Market, By Component
Hardware
Software
The Legged Robot Market may be divided into major segments on the basis of the components that make up these advanced devices, with a main differentiation between hardware and software. Hardware is the tangible setup of legged robots that encompasses essential devices like sensors, actuators, motors, and material structures. The design and quality of hardware devices significantly contribute to the robot’s mobility, stability, and overall performance to successfully move through intricate environments. For example, advances in actuator technology may improve agility and versatility in changing terrain, with hardware development becoming pivotal in augmenting performance.

Conversely, the Software category includes the algorithms and coding that determine the robot’s operational functionalities. This covers artificial intelligence platforms for navigation and obstacle avoidance, as well as robot motion and control programming languages, such as ROS (Robot Operating System). Software not only enables the processing of data from the hardware but also has a key role to play in the creation of machine learning software that enables legged robots to get better with time through experience. With the progress made in integrating software and hardware, the Legged Robot Market holds great potential for growth, with applications that can span search and rescue operations all the way through to autonomous services in agriculture and industry. Awareness of these markets is necessary as they capture the intersection between the physical world of capabilities and intellectual systems that frame the robotic future.

 

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Key Players

The major players in the Legged Robot Market are:

  • Boston Dynamics
  • Agility Robotics
  • Unitree Robotics
  • ANYbotics
  • Ghost Robotics
  • Leju Robotics

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