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The global cell-based assays market size is expected to reach USD 28.56 billion by 2030, registering a CAGR of 8.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. A rise in demand for cell-based assays will drive the market. Cell-based assays effectively aid in acceleration and thereby, enhancement of drug development. This helps therapeutic drugs to be supplied robustly to cater to the industry demand.
The global temperature sensors market is set to reach a whopping USD 10.07 billion by 2030, expanding at a steady CAGR of 6.0% from 2024 to 2030. This upward trend is primarily driven by the surging worldwide appetite for smarter consumer electronics and automobiles. Imagine your smartphone efficiently managing its temperature to boost performance—that's a prime example of how these tiny yet mighty sensors are already making a big difference.
According to a recent report by Grand View Research, Inc., the U.S. residential washing machine market is projected to reach a valuation of USD 9,246.5 million by 2030, growing at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. Data released by the U.S. Census Bureau and the Department of Housing and Urban Development indicated that sales of new single-family homes rose by 28.2% in August 2022 compared to July 2022.
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The U.S. residential solar PV market is projected to hit an impressive USD 17.68 billion by 2030, expanding at a robust CAGR of 14.4% from 2024 to 2030. This significant growth is primarily fueled by the surging demand for clean, renewable energy and increasingly strict regulations aimed at curbing carbon emissions.
Driving Forces Behind Market Expansion
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