Micro Markets

  Electric Vehicle Charging Connector   Procurement Intelligence The electric vehicle charging connector category is expected to grow at a CAGR of 18.09% from 2023 to 2030. The increasing demand for charging stations reflects a shift towards cleaner and sustainable transportation solutions. IEA 2023 global estimates show that in 2022, more than 600,000 public slow charging stations were installed in China. Europe ranked second with 460,000 chargers in 2022. For Europe, this was a 50% increase in 2022 from 2021. Netherlands, France, and Germany had the highest chargers installations within Europe. In the U.S., the stock of slow chargers rose by 9% in 2022. In the case of fast chargers, China accounted for 760,000 units. The European governments are aggressively pushing for the development of public EV charging stations to comply with the Alternative Fuels Infrastructure Regulation (AFIR). The presence of public charging points is becoming more important to facilitate the adopti...

  Vaccines   Procurement Intelligence The vaccines category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030.  They can be classified mainly into six types - Live-attenuated, inactivated, sub-unit, toxoid, viral vector, and messenger RNA (mRNA) vaccines. Among these, the mRNA sector held the largest share of 39% in 2022. The growth of the category is mainly attributed to the rising requirement for effective immunization, increasing R&D investments coupled with technological advancements, and a wider accessibility of the product especially in lower-income countries. In recent times, the emergence of new COVID variants and other infectious diseases such as “Disease X”, Nipah virus, Ebola, Crimean-Congo Hemorrhagic Fever, Rift Valley Fever (RVF), etc. are further boosting the product demand. Order your copy of the Vaccines category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, po...

  Mining Equipment   Procurement Intelligence The mining equipment category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.  Mining activities are increasing to extract metals and minerals from the earth in response to the growing demand for these resources, driving the growth of the category. Moreover, the adoption of natural complex and mineral resources such as diamond, iron ore, coal, and uranium, coupled with the increase in the need for mineral fertilizers to enhance agricultural yield supplements are fueling the demand for the category. The rising utilization of technologies such as IoT, sensors, and automation is reducing the labor cost and operational time associated with the activities. For instance, radar sensors are being used to process bulk solids whereas magnetic susceptibility meters and spectrometers are being used to detect wear and tear in mining equipment. All these factors result in a demand for innovative equipment. Order your copy of the...

  Blockchain   Procurement Intelligence The blockchain category is anticipated to expand at a CAGR of 87.7% from 2023 to 2030. North America accounts for the largest share of the category. The increasing demand for digital processes in the business is boosting growth. Companies are focusing on adopting technology for smooth transaction processes and data transparency. For instance, in January 2022 Walmart used blockchain technology to improve its supply chain by tracing storage of goods within seconds using the technology. DeFi is a financial system that is built on top of blockchain technology. It allows users to access financial services without the need for a central authority, such as a bank. DeFi is still in its early stages, but it has the potential to revolutionize the way individuals and/or businesses think about finance. Order your copy of the  Blockchain category procurement intelligence  report 2023-2030 , published by Grand View Research, to get more deta...

  Waste Management   Procurement Intelligence The waste management category is anticipated to witness growth at a CAGR of 5.4% from 2023 to 2030. In 2022, Asia Pacific held a substantial share of the global category, followed by North America and Europe. The need for waste management in North America is expected to be driven by factors such as rising waste generation, unlawful dumping, and stringent waste management laws in various sectors. Rapid technological developments, such as the recycling of PET bottles through waste management techniques such as re-extrusion, are anticipated to further fuel this demand. Growing infrastructure is also expected to influence the growth. Regulations such as as the Resource Conservation and Recovery Act (RCRA) and the Waste Shipment Regulation are expected to significantly impact the industry. Key sectors that utilize waste management services include construction, manufacturing, healthcare, pharmaceuticals, and chemicals since these sector...

  Web Hosting Services Category Overview The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting services. Trends such as multi-cloud, green web, and virtual private server hosting are allowing businesses to manage massive data and help in building the foundation for the future. Multi-cloud hosting is a relatively new hosting approach that involves the distribution of various cloud assets like software and documents across two or more cloud environments. From a business model standpoint, this approach involv...

  Corrugated Board   Procurement Intelligence The corrugated board category is expected to grow at a CAGR of 6.8% from 2023 to 2030. APAC region accounts for the largest share of the category. Increasing spending power and growing urbanization are boosting the growth of this category. Companies are constantly developing new technology for efficient production and increased efficiency. Digitalization and technological advancements such as AI, blockchain technology, IoT, and digital printing are shaping the category with innovations. The Ireland-based company, Smurfit Kappa, is creating a variety of innovative products and introducing them to the market. One of its kind is the launch of multifunction printers that can do both digital printings as well as flexographic and allows printing alongside the packaging material. This has resulted in increased sales and flexibility to alter as per client’s requirements. Type-C flute segment dominates the market owing to its char...