The global medical batteries market, valued at US$1.9B in 2023, is forecasted to grow at a 6.2% CAGR, reaching US$2.0B by 2024 and US$2.7B by 2029. The medical batteries market is expected to grow due to technological advancement, rising incidence of diseases and supportive government initiative
The increasing demand for energy-saving and environment-friendly technology is driving the growth of the global phase change material (PCM) market. The global PCM market is expected to grow from $300.8 million in 2009 to $1,488.1 million in 2015, at an estimated CAGR of 31.7% from 2010 to 2015. The paraffin-based PCM market commands the largest share of the overall PCM market in terms of value, while salt hydrate-based PCMs lead the market in terms of volume.