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Handheld Marijuana Vaporizer Market Size To Reach $15.77 Billion By 2028 Owing To Its Benefits In The Treatment Of Neurological And Mental Disorders


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FELTON, Calif., May 11, 2021 /PRNewswire/ The global Handheld Marijuana Vaporizer Market size is expected to reach USD 15.77 billion by 2028, registering a CAGR of 6.0% over the forecast period, according to a new report by Million Insights.
What are Key Factors Driving the Handheld Marijuana Vaporizer Market Growth?
The rising consumption of marijuana to cure neurological and mental disorders is driving the market growth globally. It is the best anti-depressants available in the market. Since the legalization of marijuana, the healthcare industry prescribes small dosages of cannabis to treat various mental disorders. In addition, the rising demand for compact and effective vaporizers is boosting the market growth. ....

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Electric Vehicle Traction Motor Market is Projected to Register 41.6% CAGR By 2025, Based on High Demand for EVs Globally


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FELTON, Calif., April 14, 2021 /PRNewswire/ The global Electric Vehicle Traction Motor Market size is anticipated to value USD 19.8 billion until 2025. It is also expected to register a CAGR of 41.6% over the forecasted years, 2019 to 2025.
What are Key Factors Driving the Electric Vehicle Traction Motor Market?
The rising demand for EVs across the globe coupled with the huge investments in R&D activities for enhancing efficiency and operational performance of electric vehicles is expected to trigger the market growth of traction motors. These traction motors form an integral part of all-electric vehicles. Further, the imposition of regulatory norms by governments of various countries is projected to upsurge the demand for EVs. Also, subsidies provided for purchasing EVs along with higher fuel efficiency as compared to conventional vehicles is anticipated to boost the demand for traction motors. ....

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