Books Market Growth Driven by Rising Reading Culture

The global books market size was estimated at USD 150.99 billion in 2024 and is projected to reach USD 192.12 billion by 2030, growing at a CAGR of 4.2% from 2025 to 2030. Rising consumer spending on books—fueled by increasing disposable incomes, growing interest in reading, and innovations in book formats—continues to drive market expansion.

The market remains largely dominated by academic publishers, while non-academic or trade publishing accounts for a smaller share. Academic publishing benefits from its close association with the global education ecosystem, catering primarily to schools, universities, research institutes, and professional education sectors.

Technological advancements have further transformed the reading experience. The introduction of audio and video-integrated e-books has attracted diverse audiences across regions, while improved accessibility of paperback formats for differently-abled and non-English-speaking readers continues to support inclusive market growth.

Key Market Trends & Insights

• North America accounted for over 33.0% of the global market revenue in 2024.
• The U.S. books market is expected to grow at a CAGR of 4.2% from 2025 to 2030.
• By type, the educational segment held an 18.29% share in 2024.
• By category, the fictional books segment dominated with a 59.99% share in 2024.
• By format, the hard copy segment accounted for 84.12% of total revenue in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 150.99 Billion
• 2030 Projected Market Size: USD 192.12 Billion
• CAGR (2025–2030): 4.2%
• Largest Market (2024): North America

Competitive Landscape

The global books market is fragmented, featuring a blend of large multinational publishers and smaller independent players that contribute to the sector’s creative diversity. Major players such as Penguin Random House, Hachette Book Group, HarperCollins, Simon & Schuster, Macmillan, and Pearson dominate the landscape with their broad product portfolios and global distribution networks.

These companies continue to strengthen their market presence through digital transformation, mergers and acquisitions, and strategic partnerships. For instance, Penguin Random House’s acquisition of Simon & Schuster significantly enhanced its presence in the North American market.

Recent Developments

• 2024: Penguin Random House launched new mystery and thriller titles in both e-book and hardcopy formats.
• November 2020: Pearson established a direct-to-consumer division, aiming to build stronger connections with learners worldwide.
• November 2020: Scholastic Inc. announced a multi-book publishing program with civil rights icon Ruby Bridges.
• November 2020: HarperCollins signed a two-book deal with filmmaker Quentin Tarantino, whose debut novel “Once Upon a Time in Hollywood” was released in Summer 2021.

Key Companies Profiled

• Penguin Random House
• Hachette Book Group
• HarperCollins Publishers
• Simon & Schuster, Inc.
• Pearson
• Macmillan Publishers
• Scholastic Inc.
• Marvel Comics
• Morris Publishing
• IDW Publishing

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Conclusion

The global books market continues to evolve, supported by technological advancements, educational demand, and the enduring appeal of fiction and print media. As publishers adapt to digital ecosystems and explore innovative content formats, the industry is poised for steady growth through 2030.

 

Blockchain Technology Market Poised to Revolutionize Industries

The global blockchain technology market size was valued at USD 31.28 billion in 2024 and is projected to reach USD 1,431.54 billion by 2030, expanding at an exceptional CAGR of 90.1% from 2025 to 2030. The rising demand for secure, transparent, and decentralized transaction systems across multiple industries continues to fuel market growth.

Blockchain’s immutable and decentralized ledger system ensures transparency and integrity in data management, making it particularly valuable to sectors such as finance, healthcare, and supply chain management. Organizations in these industries are increasingly integrating blockchain solutions to enhance security, traceability, and operational efficiency.

Market Drivers

The growing adoption of blockchain in supply chain optimization is a key growth driver. The technology’s ability to trace, verify, and authenticate the movement of goods in real-time minimizes fraud, strengthens transparency, and boosts overall supply chain efficiency. Consequently, enterprises are actively leveraging blockchain to digitally transform their supply chain operations.

Additionally, the surging interest in cryptocurrencies and digital assets continues to drive the adoption of blockchain technology. As the foundational technology behind cryptocurrencies like Bitcoin and Ethereum, blockchain is being explored for broader applications such as Central Bank Digital Currencies (CBDCs) and digital asset management.

Furthermore, the increasing need for secure and cost-effective cross-border payments is accelerating blockchain’s penetration in the financial sector. Unlike traditional international payment systems that involve multiple intermediaries and high fees, blockchain-based solutions offer faster, transparent, and low-cost transactions, thereby reshaping the global remittance landscape.

Key Market Trends & Insights

• North America dominated the global market in 2024, accounting for 37.4% of total revenue.
• The U.S. blockchain technology market is anticipated to grow at a significant CAGR from 2025 to 2030.
• By type, the public cloud segment led the market with a 61.5% revenue share in 2024.
• By component, the infrastructure & protocols segment dominated in 2024.
• By offering, the platform segment held the largest share in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 31.28 Billion
• 2030 Projected Market Size: USD 1,431.54 Billion
• CAGR (2025–2030): 90.1%
• Largest Market (2024): North America
• Fastest-Growing Market: Asia Pacific

Competitive Landscape

The global blockchain technology market is highly competitive, with leading players focusing on innovation, product expansion, and strategic collaborations to maintain their market position. Key participants include IBM Corporation, Microsoft Corporation, The Linux Foundation, Blockchain Tech LTD, and others.

• Monax Labs: A pioneer in blockchain-based smart contract solutions, offering a decentralized platform for secure, transparent legal and contractual processes.
• Chain: Specializes in scalable blockchain infrastructure for enterprises, enabling secure asset transfers and smart contract automation across industries such as finance, healthcare, and logistics.

Recent Developments

• January 2024: Chain upgraded its Chain Prime product, evolving it into a comprehensive Trading-as-a-Service (TaaS) platform for institutional clients, while focusing on enterprise blockchain products like Chain Cloud, Sequence, and Chain NFTs.
• December 2023: RYVYL partnered with R3 to launch RYVYL Block, a blockchain-as-a-service platform simplifying blockchain adoption for businesses handling high transaction volumes.
• October 2023: DTCC acquired Securrency Inc., aiming to embed blockchain-based digital asset infrastructure into its financial services offerings.
• September 2023: LayerZero collaborated with Google Cloud, appointing it as its primary oracle provider to ensure secure verification of cross-chain transactions.

Key Companies Profiled

• IBM Corporation
• Microsoft Corporation
• The Linux Foundation
• Blockchain Tech LTD
• Chain
• Circle Internet Financial, LLC
• Deloitte Touche Tohmatsu Limited
• Digital Asset Holdings, LLC
• Global Arena Holding, Inc. (GAHC)

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Conclusion

The blockchain technology market is on an exponential growth trajectory, driven by the rising need for transparency, efficiency, and digital security. As industries increasingly adopt blockchain for digital transformation, the technology is set to redefine global business operations, particularly in finance, logistics, and governance.

Biogas Market Poised for Steady Growth Through 2030

The global biogas market size was estimated at USD 65.53 billion in 2023 and is projected to reach USD 87.86 billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030. The industry is poised for steady growth due to increasing demand across multiple applications, including heat, electricity, upgraded biogas, vehicle fuel, and cooking gas.

A growing focus on renewable energy sources, particularly within the electric power sector, has accelerated the adoption of biogas for electricity generation. Additionally, the rising need to reduce dependence on fossil fuels is creating lucrative opportunities for biogas utilization in vehicle fuel applications.

The U.S. emerged as one of the largest biogas markets in North America in 2023 and is expected to expand at a substantial CAGR during the forecast period. Government initiatives aimed at achieving zero carbon emissions and reducing reliance on conventional fuels are major growth drivers. Favorable regulatory frameworks, strong political support, and advancements in agricultural and waste management systems are further bolstering market expansion.

In North America, biogas demand is primarily driven by the U.S., supported by increasing applications in cooking gas, electricity generation, vehicle fuel, and heat production. The region benefits from stringent environmental regulations, growing investments in refinery infrastructure, and a rising preference for sustainable energy solutions.

However, the abrupt onset of the COVID-19 pandemic disrupted manufacturing and industrial operations worldwide, reducing demand for biogas in heat generation and other industrial applications. As industries recover and sustainability goals gain prominence, the market is anticipated to regain momentum.

Key Market Trends & Insights

• Europe dominated the global market, accounting for 41% of revenue share in 2023.
• Italy’s biogas market growth is being fueled by strong government initiatives toward decarbonization.
• By application, the electricity segment led the market, accounting for around 30% of revenue share in 2023.
• By source, municipal sources accounted for the largest share of 41.35% in 2023.

Download a free sample PDF of the Biogas Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 65.53 Billion
• 2030 Projected Market Size: USD 87.86 Billion
• CAGR (2024–2030): 4.2%
• Europe: Largest market in 2023

Competitive Landscape

The global biogas market is highly competitive, characterized by the presence of leading international players. Key companies such as Air Liquide, PlanET Biogas, Wartsila, EnviTech Biogas AG, Robert Bosch GmbH, Asia Biogas, and Schmack Biogas GmbH dominate the market through large-scale operations and significant R&D investments.

Spanish firms are also taking major steps to promote biogas adoption. For example, in June 2020, Repsol, a Spanish energy company, announced the development of an industrial-scale biogas project, emphasizing the country’s commitment to renewable energy transition.

Key Companies Profiled

• Agrinz Technologies GmbH
• Air Liquide
• DMT International
• Gasum Oy
• HomeBiogas Inc.
• PlanET Biogas
• Scandinavian Biogas Fuels International AB
• Schmack Biogas Service
• Total
• Xebec Adsorption Inc.

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Conclusion

The global biogas market is gaining traction as governments and industries increasingly prioritize sustainable and low-carbon energy alternatives. Rising investments in biogas infrastructure and favorable policies for renewable integration are enhancing market opportunities. Europe continues to lead due to strong regulatory backing, while North America and Asia Pacific show promising growth potential. The shift toward circular economies and waste-to-energy systems will remain key to driving long-term market expansion.

Barbeque Grill Market Leaders Strengthen Portfolios Through New Launches

The global barbeque grill market size was valued at USD 5.28 billion in 2024 and is projected to reach USD 7.08 billion by 2030, growing at a CAGR of 5.1% from 2025 to 2030. Shifting lifestyle patterns and evolving eating habits among younger consumers, coupled with the rising popularity of outdoor events and social gatherings, have driven demand for slow-cooked barbecue dishes such as brisket, pork shoulder, and ribs.

The market’s growth trajectory is expected to continue in the coming years. Unlike many other product segments, the barbeque grill industry remained relatively resilient during the pandemic. As restaurants faced closures and restrictions, more consumers turned to home cooking. According to research by the Hearth, Patio & Barbecue Association (HPBA), published in November 2021, 38% of grill owners purchased a new grill within the past two years, and 27% of those cited increased home cooking during the pandemic as their reason for upgrading.

With changing consumer tastes, restaurants are innovating their barbeque menus beyond traditional offerings of chicken, seafood, and vegetables, now introducing items such as barbeque beetroot and sweet potato. The growing number of quick-service restaurants and barbeque eateries reflects consumers’ preference for convenient dining options. Young consumers, in particular, are increasingly exploring unique culinary experiences. The popularity of barbeque restaurants offering live cooking, buffet spreads, and vibrant dining atmospheres is further propelling the market’s expansion.

Key Market Trends & Insights

• North America barbeque grill market accounted for a revenue share of 56.7% in 2024.
• The U.S. barbeque grill market is expected to grow at a CAGR of 5.1% from 2025 to 2030.
• Based on product, the gas barbeque grill segment dominated the market with a share of 55.18% in 2024.
• Based on application, the commercial segment led the market in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 5.28 Billion
• 2030 Projected Market Size: USD 7.08 Billion
• CAGR (2025–2030): 5.1%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

The global barbeque grill market is moderately consolidated, with key players such as Newell Brand Inc., Spectrum Brands, Inc., The Middleby Corporation, W.C. Bradley Co., Traeger Grills, LANDMANN, Weber-Stephen Products LLC, Transform Holdco LLC, Empire Comfort Systems, and RH Peterson Co. These companies benefit from established brand recognition and strong global distribution networks, enabling them to reach both regional and international markets.

Recent Developments

• January 2023: Weber Inc. launched the LUMIN electric grill, designed for consumers with limited outdoor space. The model achieves temperatures exceeding 600°F (315°C) within 15 minutes.
• April 2022: Napoleon introduced the Rogue EQ Connected Electric Grill Series, featuring app-controlled operation and a 7-inch LCD screen for temperature monitoring.
• October 2021: Weber-Stephen began production of outdoor grills in Zabrze, Poland, aiming to improve logistics and meet growing European demand.
• November 2021: Kenyon International, Inc. launched the G2 Grill, offering a 35% larger cooking surface than its previous portable models.

Key Companies Profiled

• Newell Brand Inc.
• Spectrum Brands, Inc.
• The Middleby Corporation
• W.C. Bradley Co.
• Traeger Grills
• LANDMANN
• Weber-Stephen Products LLC
• Transform Holdco LLC
• Empire Comfort Systems
• RH Peterson Co.

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Conclusion

The barbeque grill market is witnessing steady growth driven by changing consumer lifestyles, increased outdoor cooking trends, and the rising number of barbeque-themed restaurants. Innovation in product design, such as electric and app-controlled grills, is reshaping the consumer experience. Expanding restaurant chains and the growing culture of social dining are further supporting market expansion. Moreover, the emphasis on convenience, modern living, and experiential dining is expected to sustain long-term demand across both residential and commercial sectors.

Astaxanthin Market Growth Supported by Aquaculture and Animal Feed Demand

The global astaxanthin market size was estimated at USD 1.69 billion in 2024 and is anticipated to reach USD 3.89 billion by 2030, growing at a CAGR of 14.74% from 2025 to 2030. The increasing use of astaxanthin across industries such as aquaculture, animal feed, nutraceuticals, cosmetics, pharmaceuticals, and food & beverages is fueling market growth.

Astaxanthin is widely used as a feed ingredient for prawns and fish species such as salmon, trout, and ornamental fish to enhance coloration and boost commercial value. Its additional benefits include improved stress tolerance, reproductive capacity, immune gene expression, and disease resistance in aquatic species. Major manufacturers are focusing on product innovations and strategic collaborations to meet the growing demand in aquaculture.

The rising awareness of health and nutrition, coupled with the growing demand for dietary supplements due to escalating healthcare costs, is driving the nutraceutical and natural antioxidant markets. Leading producers are expanding their production capacities to meet increasing demand. For instance, in April 2023, Algalif announced progress on its 12,500 m² sustainable astaxanthin production facility in Iceland, a USD 30 million expansion expected to be fully operational by the end of 2023. Similarly, Beijing Gingko Group initiated a second expansion of its astaxanthin farm in 2022, while Algatech Ltd. tripled production for its FucoVital product to meet growing dietary supplement needs.

Key Market Trends & Insights

• North America astaxanthin market accounted for the largest share of 35.27% in 2024.
• The U.S. market is growing, driven by demand for natural antioxidants.
• By source, the natural segment held the largest revenue share of 58.45% in 2024.
• By product, dried algae meal or biomass accounted for the largest share of 25.12% in 2024.
• By application, the aquaculture & animal feed segment held the largest share of 46.07% in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 1.69 Billion
• 2030 Projected Market Size: USD 3.89 Billion
• CAGR (2025–2030): 14.74%
• North America: Largest market in 2024

Competitive Landscape

Key players in the market include Algatech Ltd, Cyanotech Corporation, and ALGAMO. The market is highly competitive, emphasizing sustainability, innovation, and product quality. Algatech Ltd. leads with sustainable algae cultivation and large-scale production, while Cyanotech Corporation is recognized for high-quality Hawaiian-sourced microalgae. Companies are prioritizing advanced cultivation techniques, expanding distribution networks, and forming strategic partnerships to enhance competitiveness.

Recent Developments

• March 2024: Nutrex-Hawaii, Inc. (a subsidiary of Cyanotech Corporation) launched a sugar-free gummy version of its popular BioAstin Hawaiian Astaxanthin supplement, offering 12mg of natural astaxanthin per daily serving.
• April 2023: Algalif reported progress on its 12,500 m² Iceland facility, a USD 30 million expansion aimed at scaling sustainable astaxanthin production.
• April 2023: Algalíf and Divis Nutraceuticals launched an improved version of AstaBead, demonstrating continued innovation in astaxanthin applications for health and wellness.

Key Companies Profiled

• Algatech Ltd
• Cyanotech Corporation
• Algalíf Iceland ehf
• Beijing Gingko Group (BGG)
• PIVEG, Inc.
• Fuji Chemical Industries Co., Ltd
• ENEOS Corporation
• Atacama Bio Natural Products S.A.
• E.I.D. – Parry (India) Limited
• ALGAMO

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Conclusion

The astaxanthin market is poised for strong growth, supported by expanding applications in nutraceuticals, aquaculture, and cosmetics. Increasing consumer inclination toward natural and sustainable ingredients continues to boost industry investments and product innovations. Advancements in microalgae cultivation and large-scale production are further improving cost efficiency and output. Moreover, strategic collaborations and capacity expansions among key players are expected to enhance global supply capabilities and accelerate market expansion in the coming years.

Animal Vaccines Market Growth Supported by Rising Meat and Dairy Consumption

The global animal vaccines market size was estimated at USD 13.48 billion in 2024 and is projected to reach USD 22.95 billion by 2030, growing at a CAGR of 9.5% from 2025 to 2030. The rising incidence of cattle disease outbreaks and the expanding livestock population are key factors driving the global adoption of animal vaccines, particularly for ruminants such as cattle.

Additionally, increasing government initiatives are playing a vital role in promoting market growth. These programs are focused on enhancing animal welfare, ensuring food safety, controlling the spread of diseases, and advancing sustainable agriculture. For instance, in February 2025, Biovet—a division of Bharat Biotech Group—announced that its BIOLUMPIVAXIN vaccine for preventing lumpy skin disease in dairy calves and buffaloes was approved by India’s Central Drug Standard Control Organization (CDSCO).

Growing concerns over food security and the rising adoption of animal husbandry practices are fueling the demand for vaccines across the livestock population. Increasing consumption of animal-based products has boosted livestock production globally. According to OECD projections, global pork meat consumption is expected to rise from 112.58 megatons in 2022 to 127.27 megatons by 2029. Furthermore, cow milk accounts for over 80% of global milk production, with India and Pakistan projected to contribute over 30% of total output by 2029. These trends, coupled with the emergence of new animal diseases and technological advancements in vaccine development, are accelerating market growth.

The growing prevalence of zoonotic diseases, which can affect both animals and humans, is another major market driver. For instance, in February 2025, a new strain of H5N1 avian flu was detected in six dairy herds in Nevada, according to the U.S. Department of Agriculture. This has heightened the need for H5N1-specific vaccines and emphasized the urgency of developing rapid and effective immunization programs. The situation underscores the importance of enhanced biosecurity protocols and comprehensive vaccination strategies to protect animal and public health.

Key Market Trends & Insights

• North America dominated the market, accounting for a revenue share of over 28% in 2024.
• The U.S. animal vaccines market is witnessing significant growth.
• By product, the attenuated live vaccines segment dominated with a revenue share of over 37.0% in 2024.
• By animal type, the livestock segment held the highest revenue share in 2024.
• By distribution channel, the hospital/clinic pharmacy segment led the market in 2024.

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Market Size & Forecast

• 2024 Market Size: USD 13.48 Billion
• 2030 Projected Market Size: USD 22.95 Billion
• CAGR (2025–2030): 9.5%
• North America: Largest market in 2024

Competitive Landscape

The market is highly competitive, comprising both large multinational players and regional manufacturers. Key competitive factors include the rapid adoption of preventive veterinary injections and government-supported vaccine procurement programs. To maintain market share and expand product portfolios, major companies are engaging in mergers, acquisitions, partnerships, and new product launches.

For example, in February 2021, Ceva partnered with the French National Research Institute for Agriculture, Food, and Environment (INRAE) to strengthen R&D in preventing infectious animal diseases and improving overall animal health.

Recent Developments

• February 2025: Zoetis received conditional approval from the USDA CVB for its H5N2 Avian Influenza killed virus vaccines.
• February 2025: Medgene and Elanco collaborated to commercialize Elanco’s HPAI vaccine platform for dairy cattle in the U.S.
• August 2022: Zoetis expanded its poultry portfolio by launching the Poulvac Procerta HVT-IBD vaccine for protection against Infectious Bursal Disease (IBD).
• January 2022: Boehringer Ingelheim partnered with MabGenesis to develop novel canine monoclonal antibodies.
• November 2021: Ceva invested in a new cryogenic storage facility in Monor, expanding its European vaccine production capacity.

Key Companies Profiled

• Zoetis
• Merck & Co., Inc.
• Boehringer Ingelheim Animal Health
• Elanco
• Virbac
• Phibro Animal Health Corporation
• Calier
• Ceva

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Conclusion

The global animal vaccines market is poised for robust growth, supported by rising livestock populations, expanding disease prevention programs, and growing awareness of zoonotic threats. Ongoing R&D initiatives and government-backed vaccination campaigns are strengthening market foundations. Increasing technological innovations in vaccine formulation are enhancing effectiveness and accessibility. As demand for animal-based products continues to surge, the market is expected to maintain steady momentum through the forecast period.

Air Purifier Market Witnesses Rapid Expansion Amid Rising Pollution

The global air purifier market size was estimated at USD 16,935.1 million in 2024 and is projected to reach USD 30,078.4 million by 2033, growing at a CAGR of 6.6% from 2025 to 2033. Rising air pollution levels and increasing awareness of indoor air quality and health are the key factors driving market growth.

Rapid urbanization and industrialization have led to higher levels of airborne contaminants, encouraging consumers to invest in effective air purification solutions. Technological innovation continues to shape market dynamics, with manufacturers introducing smart air purifiers equipped with HEPA filtration, app-based control, and real-time air quality monitoring. These advancements improve convenience and efficiency, appealing to tech-oriented users. Furthermore, the integration of AI and IoT into air purification systems is fueling demand in smart homes and offices, broadening the market’s consumer base.

The air purifier industry has seen a noticeable shift toward residential end users. Growing health awareness and the pursuit of cleaner indoor environments are prompting more households to adopt air purifiers. While commercial and industrial sectors remain important, the increase in residential adoption highlights changing consumer preferences. In response, manufacturers are developing compact, energy-efficient models tailored for home use.

Key Market Trends & Insights

• Asia Pacific dominated the air purifier market with the largest revenue share of 39.5% in 2024.
• The China air purifier market accounted for over 40.0% share in Asia Pacific, driven by persistent air quality challenges and a growing health burden.
• By technology, the activated carbon segment is projected to grow at a CAGR of 7.7% from 2025 to 2033 in terms of revenue.
• By application, the commercial segment is expected to expand at a CAGR of 7.2% from 2025 to 2033.
• By coverage range, the below 250 Sq. Ft. segment is anticipated to grow at a CAGR of 7.3% from 2025 to 2033.
• By sales channel, the online segment is projected to record a CAGR of 7.3% from 2025 to 2033.
• By type, the standalone/portable segment is expected to grow at a CAGR of 7.0% from 2025 to 2033.

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Market Size & Forecast

• 2024 Market Size: USD 16,935.1 Million
• 2033 Projected Market Size: USD 30,078.4 Million
• CAGR (2025–2033): 6.6%
• Asia Pacific: Largest market in 2024

Competitive Landscape

Some of the key players operating in the market include Alfa Laval, Danfoss, and Kelvion Holding GmbH.

• Honeywell International, Inc. – A leading global technology company offering a diverse range of air purifiers for residential, commercial, and industrial applications. Known for integrating smart features such as HEPA filters and real-time air quality monitoring, Honeywell maintains a strong market presence supported by brand trust and extensive distribution networks. Its products are particularly popular in North America and Asia, serving both general consumers and specialized environments like healthcare.
• IQAir – A premium air quality technology firm specializing in high-performance purifiers and monitoring systems. It is recognized for medical-grade products widely used in hospitals, laboratories, and polluted regions. IQAir dominates the luxury and professional segments of the market, known for its advanced filtration technology and accurate air quality data, with strong footholds in Asia and Europe.

Recent Developments

• January 2024: COWAY CO., LTD. launched Airmega 100, featuring 360° air intake and a 3-stage HEPA filtration system that purifies up to 810 sq. ft. per hour. It includes a real-time air quality indicator, energy-saving mode, auto operation, and precision particle sensors.
• February 2023: The company introduced a carbon air purifier utilizing UV technology to enhance indoor air quality. This system removes odors, gases, and volatile organic compounds (VOCs) while reducing microbial growth, including viruses and bacteria, on evaporator coils.

Key Companies Profiled

• IQAir
• Honeywell International, Inc.
• LG Electronics
• Unilever PLC
• Koninklijke Philips N.V.
• Hamilton Beach Brands, Inc.
• Panasonic Corporation
• Whirlpool Corporation
• Carrier

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Conclusion

The global air purifier market continues to evolve as consumers prioritize healthier indoor environments and air quality awareness grows. Advancements in smart technologies, AI integration, and filtration efficiency are reshaping the competitive landscape. The shift toward residential adoption highlights a major transformation in consumer demand patterns. With strong innovation and regional expansion, the market is poised for sustained growth throughout the forecast period.

3D Printing Market Witnesses Surge in Industrial Automation and Prototyping

The global 3D printing market was valued at USD 20.37 billion in 2023 and is projected to reach USD 88.2 billion by 2030, growing at a CAGR of 23.5% from 2024 to 2030. Market growth is driven by aggressive R&D activities in three-dimensional printing and the increasing demand for rapid prototyping across industries such as healthcare, automotive, and aerospace & defense.

3D printing, often referred to as additive manufacturing (AM) in industrial contexts, involves the layer-by-layer addition of material to create a 3D object from a digital design. The process begins with the selection of an appropriate technology, followed by deployment across multiple industries through installation, consulting, and customer support services, as well as licensing and patent management.

Manufacturers are leveraging 3D printing for prototyping, structural design, product modeling, and faster time-to-market, which has significantly reduced production costs. This, in turn, enables them to deliver high-quality, cost-effective products, fueling market adoption in the coming years.

However, misconceptions among small and medium enterprises (SMEs) regarding the cost and value of prototyping remain a challenge. Many SMEs view prototyping as an expensive pre-manufacturing step rather than a strategic investment, hindering broader adoption. Additionally, the lack of technical expertise and standardized process controls continue to restrain market growth.

Key Market Trends & Insights

• North America led the global market, accounting for over 33% of total revenue in 2023.
• The U.S. market is expanding rapidly, supported by the technology’s ability to enable quick product development and rapid prototyping.
• By printer type, the industrial printer segment dominated the market, contributing over 76% of revenue in 2023.
• By technology, stereolithography accounted for over 10% of total market share in 2023.
• By software, the design software segment led with a 36% revenue share in 2023.

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Market Size & Forecast

• 2023 Market Size: USD 20.37 Billion
• 2030 Projected Market Size: USD 88.2 Billion
• CAGR (2024-2030): 23.5%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market

Competitive Landscape

The global 3D printing market is moderately consolidated, with key players focusing on technological innovation, partnerships, and expanding industrial applications.

Leading Companies

• 3D Systems, Inc. – A U.S.-based firm offering a wide range of 3D printers, materials, software, scanners, and virtual surgical simulators. The company supports sectors such as aerospace, automotive, healthcare, education, and entertainment, helping clients reduce lead times and eliminate costly tooling.
• Materialise (Belgium) – Specializes in additive manufacturing software and printing services, serving industries including healthcare, aerospace, automotive, consumer goods, and art & design.

Emerging Participants

• Made In Space, Inc. (U.S.) – Pioneers space-based 3D printing solutions for microgravity and vacuum environments.
• Voxeljet AG (Germany) – Focuses on industrial 3D printing systems and on-demand production of models and molds for metal casting, leveraging powder binding and additive manufacturing technologies.

Key Companies Profiled

• 3D Systems, Inc.
• 3DCeram
• Arcam AB
• Autodesk, Inc.
• Canon, Inc.
• Dassault Systèmes
• EnvisionTec, Inc.
• EOS GmbH (Electro Optical Systems)
• ExOne

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Conclusion

The 3D printing market is set to experience exponential growth through 2030, supported by rapid innovation, industrial adoption, and expanding use cases across key sectors. As the technology matures and cost barriers decline, additive manufacturing is poised to become a mainstream production technology globally.