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Home Automation Market to Expand at 12.1% CAGR and Reach USD 114 Billion by 2025


Home Automation Market to Grow Rapidly with Rising Demand for Remotely Controlled Devices
The rising preference towards better standard of living is one of the primary factors driving the home automation market. This, coupled with rising disposable income especially in developing countries, is encouraging investment in home automation solutions. The growing adoption of smartphones and tablets across the world is likely to escalate demand for remotely controlled devices, thus driving the home automation market. The adoption of cloud-based solutions is growing at a rapid pace in smart home appliances. This is further expected to act as growth engines for the home automation market over the next few years. Rapid urbanization is another factor leading to rise in home automation systems. These systems offer better security and safety with technologically sound specifications. This contributes to the growing demand for advanced home automation products such as home automation using ....

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Biofuels Market to witness significant growth at a healthy 5.10% CAGR | Market Research Future (MRFR)


COVID-19 Analysis 
The COVID-19 outbreak has turned the world upside down. It has impacted the worldwide economy and also cast its shadow on different industries, which also includes the biofuels market. This industry has been hit hard due to the sharp decline in the demand for fuel across the country, with residents following the federal, state, and local guidance to minimize travel and practice social distancing. Lockdown measures have resulted in a contraction in demand for transport fuels into which the biofuels are blended. Besides, low prices of oil mean biofuels are less competitive, thus will struggle to maintain the market share. The aviation industry is the hardest hit from the ongoing crisis, with most airlines needing government bailouts while others are facing bankruptcy. Thus investments in bio-jet programs may suffer. Biofuel producer margins have faced tremendous pressure for low oil prices, supply disruptions affecting feedstocks, and reduced demand. Low marg ....

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