India Skincare Dermacosmetics Market Worth $1,758 Million by 2030 says P&S Intelligence
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NEW YORK, April 5, 2021 /PRNewswire/ India s disposable income rose from $2,738.1 billion in 2018 to $2,935.9 billion in 2019, says Trading Economics. This is expected to be a key factor to take the Indian skincare dermacosmetics market revenue from $750.3 million in 2019 to $1,758.0 million in 2030, at a CAGR of 8.5% between 2020 and 2030. The rise in the purchasing power of people is a result of the rapid industrialization and urbanization, which are leading to higher salaries.
The reason this will be a strong driver for the Indian skincare dermacosmetics market is that with more money, people are able to spend freely on themselves. Skincare remains a predominantly urban concept in India, which is why only those who have a high disposable income usually undergo skin treatments. Spending on one s appearance is still considered a luxury
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NEW YORK, April 5, 2021 /PRNewswire/ Arada, a real estate developer based in the U.A.E., revealed smart city plans for its mega urban project in Sharjah in November 2018. Being developed with an investment of $6.5 billion, the project, named Aljada, has a completion deadline of 2025. Similarly, the Indian government has set the wheels turning for setting up 100 smart cities. This is to be a key enabling factor for the growth of the global emergency lighting market value to $9,993.4 million by 2030 from $5,386.0 million in 2020, at a 6.4% CAGR during 2021–2030, according to the market research study published by P&S Intelligence.
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NEW YORK, April 5, 2021 /PRNewswire/ The awareness on the preventive maintenance and repairs of medical equipment and devices is increasing in North America. As a result, the North American market for medical device and equipment maintenance and calibration services by independent service organization (ISOs) is expected to grow from $1,468.8 million in 2019 to $3,612.9 million by 2030, at an 8.9% CAGR between 2021 and 2030. This is because properly functioning medical equipment is necessary for effective diagnosis and treatment.
Moreover, equipment that hasn t been repaired in a long time can malfunction and even be harmful. Similarly, as medical devices and equipment are used on multiple patients, not repairing them regularly can drastically increase the risk of hospital-acquired infections. In this regard, the key drivers for the North American market for medical device and equipment maintenance and calibration services by ISOs are the ho
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NEW YORK, April 1, 2021 /PRNewswire/ New Zealand joined the Electric Vehicles (EV) Initiative in 2019, aiming to become a carbon-free economy by 2050. With other countries around the world too taking such initiative to check the rate of environmental degradation, the demand for EVs is booming. Resultingly, the global
battery management system market value is projected to grow from $5,661.0 million in 2020 to $22,279.6 million by 2030, at a 15.0% CAGR between 2021 and 2030, according to P&S Intelligence.
This is because the key component of EVs is the battery, which provides them with the propulsive power. The battery management system is needed to control and track the charging and discharging process, monitor the health of the battery, and provide information on the amount of charge remaining. Thus, the declining prices of automotive batteries, especially lithium-ion (Li-ion) batteries, are driving the battery management system market,
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NEW YORK, March 17, 2021 /PRNewswire/ One of the best markers of a company s profitability is the return on investment (ROI), which is a direct comparison of its investments with the revenue they are helping generate. Therefore, the higher the ROI, the more profitable the company. This is to be a key factor in the
growth of the global enterprise asset management market to $25.9 billion by 2030 from $5.5 billion in 2019, at a 17.0% CAGR between 2020 and 2030, according to the market research study published by P&S Intelligence.
This is because EAM solutions make it easier for businesses to manage and monitor their machines, factories and office buildings, IT infrastructure, and other assets. In essence, the key enterprise asset management market driver is the ability of such solutions to alert users about the preventive maintenance of the assets, which helps reduce the revenue loss due to their unexpected malfunctioning.