Renub Research's Articles (1052)

Sort by

India Solar Inverter Market Set to Surpass USD 1,632.69 Million by 2033, Driven by Renewable Energy Push and Government Support

Surge in Clean Energy Adoption and Rooftop Solar Installations Boosting Demand – Renub Research

According to the latest report published by Renub Research, the India Solar Inverter Market is projected to grow from USD 682.86 million in 2024 to USD 1,632.69 million by 2033, registering a CAGR of 10.17% during the forecast period 2025–2033. This substantial growth is attributed to India’s aggressive renewable energy targets, increased solar installations, and government incentives that are driving the rapid adoption of solar inverters in residential, commercial, and industrial sectors.

👉 Explore the Full Report on India Solar Inverter Market

Solar inverters play a critical role in converting the direct current (DC) generated by solar panels into alternating current (AC), making it usable for household appliances, businesses, and the grid. With India pushing forward to meet its target of 500 GW of non-fossil fuel capacity by 2030, solar energy is taking center stage, and the demand for ad

Global Managed Services Market to Reach US$ 572.15 Billion by 2033, Driven by Digital Transformation and Cloud Adoption

According to Renub Research, the Global Managed Services Market is projected to grow from US$ 279.16 Billion in 2024 to US$ 572.15 Billion by 2033, expanding at a CAGR of 8.30% during the forecast period 2025–2033.
Read Full Report Here

Businesses Accelerate Shift Toward Managed Services for Efficiency and Scalability

As enterprises increasingly focus on core competencies while seeking to reduce operational complexity, the demand for managed services has reached an all-time high. From IT infrastructure and cybersecurity to cloud management and analytics, managed service providers (MSPs) are now integral to modern digital ecosystems.

Renub Research's latest analysis highlights that the global managed services market will more than double by 2033, reaching US$ 572.15 billion, compared to US$ 279.16 billion in 2024. This robust growth, marked by a CAGR of 8.30%, is driven by the widespread adoption of cloud computing, increased IT spending, cyber risk management, and the growing

India Furniture Market to Reach US$ 72.11 Billion by 2033, Fueled by Urbanization, E-commerce, and Lifestyle Upgrades

According to Renub Research, the India Furniture Market is projected to grow from US$ 27.25 Billion in 2024 to US$ 72.11 Billion by 2033, expanding at a strong CAGR of 11.42% during the forecast period (2025–2033).
👉 Explore Full Report Here

Rapid Urbanization and Digital Innovation Transform India’s Furniture Industry

India’s furniture market is undergoing a paradigm shift, propelled by evolving consumer preferences, rising disposable incomes, rapid urbanization, and the exponential growth of e-commerce. With a growing middle class and increased homeownership, the demand for modern, space-efficient, and affordable furniture is witnessing unprecedented growth.

The surge in interior design consciousness, nuclear families, and smart home setups is driving innovation across the industry. From luxury modular kitchens to multifunctional workspace furniture, the sector is catering to both aesthetic and functional demands. As per Renub Research, India is fast becoming a global hotspot for fu

Rapid Acting Insulin Market to Reach USD 11.77 Billion by 2033, Driven by Technological Innovation and Rising Diabetes Prevalence

Growing Demand for Fast-Acting Diabetes Management Solutions Accelerates Market Growth – Renub Research

According to a newly released study by Renub Research, the Global Rapid Acting Insulin Market was valued at USD 7.71 billion in 2024 and is forecast to reach USD 11.77 billion by 2033, growing at a CAGR of 4.81% between 2025 and 2033. The rising incidence of diabetes, coupled with the demand for efficient and timely glucose regulation therapies, is driving significant investment and innovation in the global rapid acting insulin space.

👉 Explore Full Report on Rapid Acting Insulin Market

Rapid acting insulin, also known as fast-acting or mealtime insulin, is a crucial therapeutic category for people with diabetes. It begins to work within 15 minutes of injection, peaks in about an hour, and continues to be effective for two to four hours. These characteristics make it ideal for postprandial glucose control—a growing concern among diabetic patients and healthcare professionals.

Global

Digital Payment Market to Surpass US$ 32,076.88 Billion by 2033, Fueled by Fintech Innovation and Government Initiatives

According to Renub Research, the Global Digital Payment Market is projected to grow from US$ 10,188.99 Billion in 2024 to US$ 32,076.88 Billion by 2033, expanding at a CAGR of 13.59% between 2025 and 2033.
Access Full Report Here

The Global Shift Toward a Cashless Economy Accelerates

In recent years, digital payments have transitioned from being a convenience to a necessity. As the world becomes increasingly connected, the global digital payment market is undergoing rapid evolution—driven by rising mobile phone penetration, digital banking adoption, and government-backed financial inclusion policies.

According to Renub Research, the Digital Payment Market is set to reach a staggering US$ 32,076.88 Billion by 2033, up from US$ 10,188.99 Billion in 2024, growing at a compound annual growth rate (CAGR) of 13.59% from 2025 to 2033. This dramatic growth highlights the ongoing transformation of global financial systems and commerce ecosystems.

Key Growth Drivers Fueling the Global Digital Pa

Global Dialysis Market to Reach US$ 171.61 Billion by 2033, Driven by Aging Population and Rising Chronic Kidney Disease Burden

According to Renub Research, the Global Dialysis Market is projected to expand from US$ 116.57 billion in 2024 to US$ 171.61 billion by 2033, growing at a CAGR of 4.39% from 2025 to 2033.
👉 Read the Full Report Here

Dialysis Market Enters Growth Phase Amid Surge in Chronic Kidney Diseases

The global dialysis industry is experiencing steady expansion, fueled by the increasing prevalence of chronic kidney disease (CKD) and end-stage renal disease (ESRD), a growing elderly population, and innovations in dialysis technology. Kidney-related disorders are becoming more common due to the rise in diabetes and hypertension, which are primary causes of renal impairment. Consequently, the global healthcare ecosystem is prioritizing renal replacement therapies like dialysis to meet patient needs.

Renub Research's analysis highlights significant momentum in both hemodialysis and peritoneal dialysis segments, with developing regions witnessing higher demand due to greater healthcare access

Europe Agricultural Equipment Market to Reach USD 67.68 Billion by 2033, Fueled by Mechanization, Precision Farming, and Government Support

Increasing Farm Productivity and Sustainability Initiatives Drive Market Expansion – Renub Research

According to a comprehensive industry report by Renub Research, the Europe Agricultural Equipment Market was valued at USD 46.86 billion in 2024 and is projected to reach USD 67.68 billion by 2033, growing at a CAGR of 4.17% during the forecast period 2025 to 2033. The market's growth is being driven by rapid agricultural mechanization, rising demand for high-yield crops, increasing labor shortages, and technological advancements in precision farming tools.

👉 Access the Full Report on Europe Agricultural Equipment Market

Agricultural equipment is indispensable for modern farming, encompassing a wide range of machinery and tools such as tractors, harvesters, irrigation systems, soil preparation tools, and crop processing machines. In Europe, the shift toward sustainable agriculture, smart farming practices, and climate-resilient operations is further intensifying the adoption of advanced

Saudi Arabia Entertainment and Amusement Market to Surpass USD 6.10 Billion by 2033 – Fueled by Digital Innovation and Vision 2030 Reforms

Virtual Reality, Government Investments, and Cultural Transformation Driving Rapid Market Expansion

According to the latest report by Renub Research, the Saudi Arabia Entertainment and Amusement Market was valued at USD 2.46 Billion in 2024 and is forecast to grow at a CAGR of 10.61% to reach USD 6.10 Billion by 2033. This remarkable growth trajectory is being propelled by government-led initiatives under Vision 2030, rapid digitalization, increased disposable income, and the rising popularity of virtual and augmented reality (VR/AR) entertainment experiences across the Kingdom.

Vision 2030 Ushers in a New Era of Leisure and Cultural Engagement

Saudi Arabia’s Vision 2030 economic diversification plan has placed the entertainment and tourism sectors at the center of its reform agenda. The once conservative nation has opened its doors to cinemas, theme parks, cultural festivals, gaming arenas, and live music events to enhance the quality of life and boost non-oil revenue.

The General Ent

Middle East Building Automation Market to Surpass US$ 16.62 Billion by 2032 – Renub Research

Smart Infrastructure, Energy Efficiency, and Urban Expansion Drive Robust Growth in the Region

Renub Research forecasts that the Middle East Building Automation Market will grow from US$ 6,686.0 million in 2023 to US$ 16,623.6 million by 2032, at a CAGR of 10.65% during 2024 to 2032. This remarkable growth is propelled by the rapid development of smart cities, increased government investments in sustainable infrastructure, the demand for energy-efficient systems, and technological advancements in automation across residential, commercial, and industrial spaces.

The Middle East, traditionally known for its oil-driven economy, is undergoing a paradigm shift by embracing smart infrastructure and sustainable urban development. Countries like the United Arab Emirates (UAE), Saudi Arabia, and Qatar are investing heavily in building automation technologies to drive efficiency, sustainability, and enhanced living and working experiences.

Government-Backed Smart City Initiatives Fuel Market Mo

Middle East Cinema Market Set to Reach US$ 3.45 Billion by 2033, Driven by Multiplex Expansion and Rising Consumer Demand

Rapid Urbanization, Government Investment, and Content Diversification Fuel the Region's Entertainment Boom

According to the latest industry analysis by Renub Research, the Middle East Cinema Market is projected to grow significantly from US$ 1,668.02 million in 2024 to US$ 3,449.64 million by 2033, registering a robust CAGR of 8.41% during 2025–2033. This dynamic growth reflects increasing regional demand for entertainment, substantial investment in cinema infrastructure, and evolving viewer preferences in both domestic and international content.

🔗 Explore the full report: 

Cinematic Transformation Underway Across the Middle East

The Middle East is undergoing a cinematic renaissance, with countries such as Saudi Arabia, the UAE, Egypt, and Qatar playing central roles in shaping the future of cinema in the region. Government initiatives, entertainment sector liberalization, and the lifting of long-standing restrictions are creating fertile ground for industry growth.

A prime example is

Middle East Cinema Market Set to Reach US$ 3.45 Billion by 2033, Driven by Multiplex Expansion and Rising Consumer Demand

Rapid Urbanization, Government Investment, and Content Diversification Fuel the Region's Entertainment Boom

According to the latest industry analysis by Renub Research, the Middle East Cinema Market is projected to grow significantly from US$ 1,668.02 million in 2024 to US$ 3,449.64 million by 2033, registering a robust CAGR of 8.41% during 2025–2033. This dynamic growth reflects increasing regional demand for entertainment, substantial investment in cinema infrastructure, and evolving viewer preferences in both domestic and international content.

🔗 Explore the full report: Middle East Cinema Market - Renub Research

Cinematic Transformation Underway Across the Middle East

The Middle East is undergoing a cinematic renaissance, with countries such as Saudi Arabia, the UAE, Egypt, and Qatar playing central roles in shaping the future of cinema in the region. Government initiatives, entertainment sector liberalization, and the lifting of long-standing restrictions are creating fertile grou

Payment Gateway Market to Surpass US$128.47 Billion by 2032, Growing at a CAGR of 18.49%

Accelerating Digital Transactions and E-commerce Drive Exponential Growth in Global Payment Gateway Market

According to the latest insights from Renub Research, the Global Payment Gateway Market was valued at US$27.90 billion in 2023 and is projected to reach a staggering US$128.47 billion by 2032, growing at an impressive CAGR of 18.49% during the forecast period 2024 to 2032. This remarkable growth is being fueled by the global digitalization of commerce, widespread internet penetration, the boom in online shopping, and rapid adoption of mobile payment solutions.

Payment gateways play a pivotal role in facilitating smooth, secure, and instant online financial transactions by serving as the intermediary between the customer, merchant, and financial institutions. With consumers and businesses alike embracing cashless transactions, payment gateways have become essential tools for e-commerce platforms, mobile apps, and even brick-and-mortar stores transitioning to omnichannel retail.

Ke

United States Data Center Cooling Market to Reach US$ 14.49 Billion by 2032 – Renub Research

Accelerated Digitalization, AI Integration, and Cloud Expansion Propel the Growth of the U.S. Data Center Cooling Industry

According to Renub Research, the United States Data Center Cooling Market is projected to grow significantly, increasing from US$ 4.37 Billion in 2023 to US$ 14.49 Billion by 2032, reflecting a CAGR of 14.26% during the forecast period of 2024 to 2032. The booming demand for hyperscale data centers, the adoption of artificial intelligence (AI), and the expansion of 5G and cloud services are driving the market toward transformative growth.

With the surge in digital infrastructure, managing heat within data centers has become a critical operational concern. As data traffic and storage needs climb rapidly, so does the necessity for innovative and energy-efficient cooling systems. The U.S. is at the forefront of this trend, hosting some of the world's largest data center clusters, including Silicon Valley, Northern Virginia, Dallas, and Chicago.

Rising Demand

India Contact Lenses Market to Reach US$ 761.5 Million by 2032, Fueled by Rising Vision Disorders and Fashion-Driven Trends

Increasing Myopia, Digital Eye Strain, and Cosmetic Usage Propel Strong Growth in the Indian Market

According to the latest report by Renub Research, the India Contact Lenses Market is projected to increase from US$ 422.6 million in 2023 to US$ 761.5 million by 2032, growing at a CAGR of 6.76% between 2024 and 2032. This impressive growth reflects a convergence of factors, including rising visual impairments, increased screen exposure, and the booming popularity of cosmetic lenses among India’s fashion-forward youth.

🔗 Explore the full report here: India Contact Lenses Market - Renub Research

Growing Prevalence of Vision Problems Across India

India is witnessing a surge in vision-related disorders such as myopia, hyperopia, astigmatism, and presbyopia, primarily due to changing lifestyle patterns. The widespread use of smartphones, tablets, and computers across all age groups has led to a spike in digital eye strain and related refractive errors. According to national vision surveys, o

United States Automotive Lighting Market to Reach USD 17.24 Billion by 2033 Driven by Advanced Technologies and Increasing Vehicle Production

Growth Fueled by Innovations in LED and Adaptive Lighting Systems

The United States Automotive Lighting Market is projected to grow from USD 10.41 billion in 2024 to reach an estimated USD 17.24 billion by 2033, registering a compound annual growth rate (CAGR) of 5.76% over the forecast period from 2025 to 2033, according to the latest research by Renub Research.

The dynamic automotive industry, coupled with rising vehicle production and continuous technological advancements in automotive lighting, is significantly fueling the demand for sophisticated lighting solutions across passenger and commercial vehicles in the United States.

Increasing Vehicle Production Propels Automotive Lighting Demand

The U.S. automotive sector has witnessed steady growth over the past few years, with increasing consumer demand for new vehicles and a surge in commercial vehicle production. This growth directly correlates with the increased requirement for automotive lighting systems. Automotive manufacturers

Saudi Arabia Entertainment and Amusement Market Set to Reach US$ 6.10 Billion by 2033

Renub Research Highlights Rapid Growth Fueled by Technological Innovations and Changing Consumer Preferences

Unprecedented Growth in Saudi Arabia’s Entertainment and Amusement Market

The Saudi Arabia Entertainment and Amusement Market is projected to grow from US$ 2.46 billion in 2024 to an impressive US$ 6.10 billion by 2033, registering a CAGR of 10.61% over the forecast period 2025 to 2033, according to the latest study by Renub Research. This rapid expansion is largely driven by the Kingdom’s ambitious vision to diversify its economy and invest heavily in the entertainment sector, revolutionizing the way consumers engage with amusement and leisure activities.

For an in-depth look at the market drivers, segmentation, and future outlook, access the full report here:
👉 Saudi Arabia Entertainment and Amusement Market – Renub Research

Vision 2030 and Economic Diversification Catalyzing Market Growth

Saudi Arabia’s Vision 2030 initiative has been a cornerstone in the country’s push to

🌟 Saudi Arabia Halal Cosmetics Market to Reach US$ 11.16 Billion by 2033 – Renub Research

Strong Growth Fueled by Religious Adherence, Ethical Consumerism, and Youth-Driven Beauty Trends

According to a new report by Renub Research, the Saudi Arabia Halal Cosmetics Market is projected to surge from US$ 3.57 billion in 2024 to US$ 11.16 billion by 2033, growing at a CAGR of 13.5% from 2025 to 2033. This substantial growth reflects the convergence of rising disposable incomes, increasing consumer demand for Sharia-compliant and ethically produced beauty products, and growing awareness about ingredient transparency and cruelty-free testing.

👉 For in-depth analysis, forecasts, and company profiles, access the complete report:
Saudi Arabia Halal Cosmetics Market Report 2025–2033

Key Market Drivers – Why Halal Beauty is Booming in Saudi Arabia

1. Rising Muslim Population and Religious Values

Saudi Arabia, as the birthplace of Islam and the largest country in the GCC, places a strong emphasis on religious values in consumer goods. Halal certification ensures that beauty p

Europe Diesel Gensets Market to Surpass US$ 10.31 Billion by 2033 Amid Rising Energy Security and Backup Power Demand

Robust Infrastructure Growth and Unstable Power Supply Fuel Demand for Diesel Generators in Europe

According to the latest industry analysis from Renub Research, the Europe Diesel Gensets Market is projected to grow from US$ 5.69 billion in 2024 to US$ 10.31 billion by 2033, expanding at a CAGR of 6.83% during the forecast period 2025–2033. This growth is driven by increasing power outages, growing demand for uninterrupted electricity supply, expanding infrastructure projects, and heightened focus on energy security across the continent.

Diesel gensets, or diesel generator sets, serve as critical backup and prime power solutions across commercial, industrial, and residential applications. In regions of Europe experiencing inconsistent grid connectivity or in mission-critical environments like hospitals, data centers, and manufacturing units, gensets provide reliable power continuity.

Growing Demand for Backup Power Solutions Amid Grid Instability

The transition to renewable en

Global Artificial Sweeteners Market to Surpass US$ 10.86 Billion by 2033

Health Awareness and Demand for Low-Calorie Alternatives Drive Market Growth – Renub Research

Steady Rise in Artificial Sweeteners Market Due to Health-Conscious Consumption

According to the latest report by Renub Research, the Global Artificial Sweeteners Market was valued at US$ 6.97 billion in 2024 and is projected to reach US$ 10.86 billion by 2033, growing at a CAGR of 5.05% from 2025 to 2033. This sustained growth is attributed to the increasing prevalence of lifestyle diseases, growing health awareness, and consumer demand for low-calorie food and beverages.

To explore detailed trends, forecasts, and competitive insights, access the full report here:
👉 Artificial Sweetener Market – Renub Research

Rising Health Concerns Propel Demand for Sugar Substitutes

With diabetes, obesity, and other lifestyle-related diseases on the rise globally, artificial sweeteners are becoming a go-to solution for health-conscious consumers and food manufacturers. These non-nutritive sugar substitute

🌱 Thailand Organic Fertilizer Market to Surpass US$ 158.86 Million by 2033 – Renub Research

Rising Sustainability Focus, Government Support, and Soil Health Awareness Propel Market Growth

According to the latest report by Renub Research, the Thailand Organic Fertilizer Market is projected to grow from US$ 68.33 million in 2024 to US$ 158.86 million by 2033, expanding at a CAGR of 9.83% during 2025–2033. This robust growth trajectory is driven by rising demand for sustainable agricultural practices, heightened awareness of soil health, increasing organic farming adoption, and supportive government policies promoting eco-friendly farming inputs.

👉 Explore full market insights and forecasts here: Thailand Organic Fertilizer Market Report 2025–2033

Key Drivers Accelerating the Growth of Thailand’s Organic Fertilizer Market

1. Surge in Organic Farming and Consumer Preferences

Thailand has seen a rapid increase in organic farming acreage due to heightened global and domestic demand for organic food products. Consumers are becoming more conscious about the environmental and health