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Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on: 
Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling.  As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.  The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies."  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points: 
  • Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
  • As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
  • Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
  • In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on: 
Tuesday, August 22, 2023

PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios.  A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points: 
  • The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
  • The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
  • A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Gold's Demand as a Safe Haven Asset Could Be Positive for Its Price in the Near Term

Retrieved on: 
Tuesday, August 22, 2023

PALM BEACH, Fla., Aug. 22, 2023 /PRNewswire/ -- Gold prices don't typically move in line with prices of other financial assets, like stocks. That's why gold is often considered a safe haven investment asset for your portfolio. The stability of gold can serve as a hedge against inflation and mitigate the negative effects of market downturns. During and immediately prior to a recession, more people tend to buy gold because of its intrinsic value as other investment assets, like stocks and bonds, are more likely to lose value. Gold can gain in value as more investors buy it to protect their portfolios.  A report from Money.com said "that Gold's price has climbed in 2023 and was up as much as 9% for the year in April. As of the end of June, the price is up around 4% year to date, sitting near $1,920 per ounce. The rise has been attributed to rising interest rates and stock market volatility, as well as instability in the banking sector. Buying gold during an economic slowdown is an age-old trend because, unlike other investment options like stocks, the value of gold tends to rise as investors seek safe haven assets. Past performance is no guarantee of how the price of gold will perform in the future, so no one can be certain where the price will go from here. However, demand for safe haven assets may continue to be elevated for the foreseeable future. When the U.S. is politically and economically stable, the dollar strengthens, pushing the demand for precious metals like gold lower. Conversely, an unstable socioeconomic environment weakens the dollar and prompts investors to seek stability in gold and other precious metals, which pushes gold rates upward." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Orla Mining Ltd. (NYSE: ORLA) (TSX: OLA), i-80 GOLD CORP. (NYSE: IAUX) (TSX: IAU), Alamos Gold Inc. (NYSE:AGI) (TSX:AGI), B2Gold Corp. (NYSE: BTG) (TSX: BTO).

Key Points: 
  • The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
  • The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point.
  • A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Global Virtual Fitness Market Size Expected to Reach $187 Billion By 2032

Retrieved on: 
Thursday, August 3, 2023

PALM BEACH, Fla., Aug. 3, 2023 /PRNewswire/ -- The virtual fitness market is a rapidly developing industry that provides fitness and wellness solutions through digital platforms. This includes various online workout classes, personalized coaching services, as well as virtual fitness communities. The market's growth is being spurred on by several factors such as the rising adoption of digital technologies, greater health awareness among consumers, and an increasing need for personalized fitness solutions. Furthermore, innovative virtual fitness products and services are becoming more affordable due to advancements in wearable technology availability. In recent years, the virtual fitness market has experienced impressive growth and this trend is expected to continue into the anticipated future. As more people turn to online classes and virtual workout platforms for social engagement while staying physically fit. Furthermore, the convenience and flexibility of these options have made them appealing to busy professionals who lack time for traditional gym visits. Furthermore, technological developments such as high-speed internet accessibility, wearable fitness devices, and AI-powered virtual coaching are fueling the growth of the virtual fitness market. These innovations have made it easier for people to access tailored and engaging fitness experiences from the convenience of their own homes. According to Market.us the global virtual fitness market size was USD 13.3 Billion in 2022 and is projected to surpass around USD 187.8 Billion by 2032, and it is poised to reach a registered CAGR of 31.2% from 2023 to 2032. Active Companies from around the markets with current developments this week include:  Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR), Xponential Fitness (NYSE: XPOF), YETI Holdings, Inc. (NYSE: YETI), Peloton (NASDAQ: PTON), Life Time (NYSE: LTH).

Key Points: 
  • Furthermore, technological developments such as high-speed internet accessibility, wearable fitness devices, and AI-powered virtual coaching are fueling the growth of the virtual fitness market.
  • According to Market.us the global virtual fitness market size was USD 13.3 Billion in 2022 and is projected to surpass around USD 187.8 Billion by 2032, and it is poised to reach a registered CAGR of 31.2% from 2023 to 2032.
  • The report said that: "The virtual fitness market is expected to be led by North America, with a dominant market share of 48.2% in 2022.
  • This region boasts the largest virtual fitness market globally, owing to its established fitness industry and the presence of major virtual fitness providers.

Global Virtual Fitness Market Size Expected to Reach $187 Billion By 2032

Retrieved on: 
Thursday, August 3, 2023

PALM BEACH, Fla., Aug. 3, 2023 /PRNewswire/ -- The virtual fitness market is a rapidly developing industry that provides fitness and wellness solutions through digital platforms. This includes various online workout classes, personalized coaching services, as well as virtual fitness communities. The market's growth is being spurred on by several factors such as the rising adoption of digital technologies, greater health awareness among consumers, and an increasing need for personalized fitness solutions. Furthermore, innovative virtual fitness products and services are becoming more affordable due to advancements in wearable technology availability. In recent years, the virtual fitness market has experienced impressive growth and this trend is expected to continue into the anticipated future. As more people turn to online classes and virtual workout platforms for social engagement while staying physically fit. Furthermore, the convenience and flexibility of these options have made them appealing to busy professionals who lack time for traditional gym visits. Furthermore, technological developments such as high-speed internet accessibility, wearable fitness devices, and AI-powered virtual coaching are fueling the growth of the virtual fitness market. These innovations have made it easier for people to access tailored and engaging fitness experiences from the convenience of their own homes. According to Market.us the global virtual fitness market size was USD 13.3 Billion in 2022 and is projected to surpass around USD 187.8 Billion by 2032, and it is poised to reach a registered CAGR of 31.2% from 2023 to 2032. Active Companies from around the markets with current developments this week include:  Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR), Xponential Fitness (NYSE: XPOF), YETI Holdings, Inc. (NYSE: YETI), Peloton (NASDAQ: PTON), Life Time (NYSE: LTH).

Key Points: 
  • Furthermore, technological developments such as high-speed internet accessibility, wearable fitness devices, and AI-powered virtual coaching are fueling the growth of the virtual fitness market.
  • According to Market.us the global virtual fitness market size was USD 13.3 Billion in 2022 and is projected to surpass around USD 187.8 Billion by 2032, and it is poised to reach a registered CAGR of 31.2% from 2023 to 2032.
  • The report said that: "The virtual fitness market is expected to be led by North America, with a dominant market share of 48.2% in 2022.
  • This region boasts the largest virtual fitness market globally, owing to its established fitness industry and the presence of major virtual fitness providers.

Global Psychedelic Therapeutics Market Size Expected To Reach $13.29 Billion By The Year 2031

Retrieved on: 
Wednesday, July 26, 2023

PALM BEACH, Fla., July 26, 2023 /PRNewswire/ -- Psychedelic and hallucinogenic medicines market have been growing consistently over the past several years and are expected to continue to rise in the coming years.  Psychedelic medicines are a group of substances, including chemicals, such as LSD, and plants used to treat multiple mental disorders, including resistant depression, opiate addiction, and panic disorder, among others. This medicine changes and enhances sensory perceptions, thought processes, and energy levels and facilitates favorable experiences.  A recent report from Insight Ace Analytic projected that the Psychedelic Therapeutics Market Size is valued at 3.94 Billion in 2022 and is predicted to reach 13.29 Billion by the year 2031 at a 14.92 % CAGR during the forecast period for 2023-2031.  The report said: "The Global psychedelic therapeutics market is proliferating owing to the increasing incidence of depression cases across the world. Additionally, changed lifestyles and quality of living are supporting the growth of psychedelic medicine market. In addition, the market is anticipated to expand lucratively as a result of the growing need for medicines to treat psychological drug dependency. On the other hand, a greater acceptance of non-therapeutic treatments over allopathic therapies and tight rules implemented by various governments to commercialize psychedelic medications may inhibit the market growth."  Active Companies active today in markets include:  Cybin Inc. (NYSE: CYBN) (NEO: CYBN), COMPASS Pathways plc (NASDAQ: CMPS), Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (NEO: MMED), Seelos Therapeutics, Inc. (NASDAQ: SEEL), Numinus Wellness Inc. (OTCQX: NUMIF) (TSX: NUMI).

Key Points: 
  • A recent report from Insight Ace Analytic projected that the Psychedelic Therapeutics Market Size is valued at 3.94 Billion in 2022 and is predicted to reach 13.29 Billion by the year 2031 at a 14.92 % CAGR during the forecast period for 2023-2031.
  • The report said: "The Global psychedelic therapeutics market is proliferating owing to the increasing incidence of depression cases across the world.
  • Additionally, changed lifestyles and quality of living are supporting the growth of psychedelic medicine market.
  • Worldwide has a track record of successful patient recruitment for psychedelic trials and global relationships with best-in-class investigative sites.

Global Psychedelic Therapeutics Market Size Expected To Reach $13.29 Billion By The Year 2031

Retrieved on: 
Wednesday, July 26, 2023

PALM BEACH, Fla., July 26, 2023 /PRNewswire/ -- Psychedelic and hallucinogenic medicines market have been growing consistently over the past several years and are expected to continue to rise in the coming years.  Psychedelic medicines are a group of substances, including chemicals, such as LSD, and plants used to treat multiple mental disorders, including resistant depression, opiate addiction, and panic disorder, among others. This medicine changes and enhances sensory perceptions, thought processes, and energy levels and facilitates favorable experiences.  A recent report from Insight Ace Analytic projected that the Psychedelic Therapeutics Market Size is valued at 3.94 Billion in 2022 and is predicted to reach 13.29 Billion by the year 2031 at a 14.92 % CAGR during the forecast period for 2023-2031.  The report said: "The Global psychedelic therapeutics market is proliferating owing to the increasing incidence of depression cases across the world. Additionally, changed lifestyles and quality of living are supporting the growth of psychedelic medicine market. In addition, the market is anticipated to expand lucratively as a result of the growing need for medicines to treat psychological drug dependency. On the other hand, a greater acceptance of non-therapeutic treatments over allopathic therapies and tight rules implemented by various governments to commercialize psychedelic medications may inhibit the market growth."  Active Companies active today in markets include:  Cybin Inc. (NYSE: CYBN) (NEO: CYBN), COMPASS Pathways plc (NASDAQ: CMPS), Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (NEO: MMED), Seelos Therapeutics, Inc. (NASDAQ: SEEL), Numinus Wellness Inc. (OTCQX: NUMIF) (TSX: NUMI).

Key Points: 
  • A recent report from Insight Ace Analytic projected that the Psychedelic Therapeutics Market Size is valued at 3.94 Billion in 2022 and is predicted to reach 13.29 Billion by the year 2031 at a 14.92 % CAGR during the forecast period for 2023-2031.
  • The report said: "The Global psychedelic therapeutics market is proliferating owing to the increasing incidence of depression cases across the world.
  • Additionally, changed lifestyles and quality of living are supporting the growth of psychedelic medicine market.
  • Worldwide has a track record of successful patient recruitment for psychedelic trials and global relationships with best-in-class investigative sites.

Potash Fertilizers Market Size Expected To Reach $41 Billion By 2030 as Demand Explodes

Retrieved on: 
Wednesday, July 12, 2023

PALM BEACH, Fla., July 12, 2023 /PRNewswire/ -- Potash fertilizers help in the overall improvement of plant quality and also increases its shelf life. Potassium is a vital soil element and is one of the key members of the NPK fertilizer family. Natural potassium does not exist in the environment since it responds aggressively to water. Fertilizer potassium is at times called "potash", a term that originates from an early making procedure where potassium was filtered from ashes of woods and concentrated by dissipating the leachate in huge iron pots. A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030. The report said: "In the production of food, potassium is eliminated from the soil in the crops that are harvested and should be replaced keeping in mind the end goal to keep up the crop growth in the future. It also helps to enhance crop yield, improvise taste, and further helps plants to resist diseases. Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables. In terms of form, potash fertilizers are present in liquid & solid forms." Active companies in the markets this week include Millennial Potash Corp. (OTCQB: MLPNF) (TSX-V: MLP), The Mosaic Company (NYSE: MOS), Gensource Potash Corporation (OTCPK: AGCCF) (TSX-V: GSP), Intrepid Potash, Inc. (NYSE:IPI), Nutrien Ltd. (NYSE: NTR) (TSX: NTR).

Key Points: 
  • A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030.
  • Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables.
  • The potash fertilizer required depends on the type of crops developed because potassium take-up changes between crops and different soils.
  • The significant growth trend of the global population indicates an increasing demand for food, and in turn, would drive the demand for potash for the production of fertilizers."

Potash Fertilizers Market Size Expected To Reach $41 Billion By 2030 as Demand Explodes

Retrieved on: 
Wednesday, July 12, 2023

 PALM BEACH, Fla., July 12, 2023 /PRNewswire/ -- Potash fertilizers help in the overall improvement of plant quality and also increases its shelf life. Potassium is a vital soil element and is one of the key members of the NPK fertilizer family. Natural potassium does not exist in the environment since it responds aggressively to water. Fertilizer potassium is at times called "potash", a term that originates from an early making procedure where potassium was filtered from ashes of woods and concentrated by dissipating the leachate in huge iron pots. A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030. The report said: "In the production of food, potassium is eliminated from the soil in the crops that are harvested and should be replaced keeping in mind the end goal to keep up the crop growth in the future. It also helps to enhance crop yield, improvise taste, and further helps plants to resist diseases. Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables. In terms of form, potash fertilizers are present in liquid & solid forms." Active companies in the markets this week include Millennial Potash Corp. (OTCQB: MLPNF) (TSX-V: MLP), The Mosaic Company (NYSE: MOS), Gensource Potash Corporation (OTCPK: AGCCF) (TSX-V: GSP), Intrepid Potash, Inc. (NYSE:IPI), Nutrien Ltd. (NYSE: NTR) (TSX: NTR).

Key Points: 
  • A report from Verified Market Research projected that the Potash Fertilizers Market size is projected to reach USD 41.11 Billion by 2030, growing at a CAGR of 4.66% from 2023 to 2030.
  • Potash fertilizers are applied to various crop types such as cereals & grains, oilseeds & pulses, and fruits & vegetables.
  • The potash fertilizer required depends on the type of crops developed because potassium take-up changes between crops and different soils.
  • The significant growth trend of the global population indicates an increasing demand for food, and in turn, would drive the demand for potash for the production of fertilizers."

Demand Skyrockets as Lithium Mining Revenues Projected To Reach Over $3.1 Billion By 2031

Retrieved on: 
Tuesday, June 20, 2023

PALM BEACH, Fla., June 20, 2023 /PRNewswire/ -- Lithium-ion batteries are currently the dominant technology for energy storage. Industry reports say that, over the next several years, dynamic emission standards and changing government policies with respect to electric vehicles are anticipated to provide a positive outlook to the lithium mining industry. One such report, from Fact.MR projected that: "Lithium Mining Revenues to Attain USD 3.1 Billion by 2031." It added that over the next ten years, the worldwide lithium mining industry is expected to grow at a 7% by 2031. The report said: "(Even though) Globally, operations in the lithium mining business have been scaled back during COVID-19... but following this collapse, the market has fully recovered. There are several drivers for the lithium mining market, including: The increasing demand for electric vehicles, smartphones, and other electronic devices that use lithium-ion batteries is driving the demand for lithium. Lithium is a key component of these batteries, and as the demand for these products grows, so does the demand for lithium.  Governments across the globe are promoting the use of electric vehicles as a means of reducing carbon emissions and achieving climate change targets. This has led to increased investment in the development of electric vehicle infrastructure and the expansion of lithium-ion battery production capacity."  Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Patriot Battery Metals Inc. (OTCQX: PMETF) (TSX-V: PMET), Livent Corporation (NYSE: LTHM), Alpha Lithium Corporation (OTCPK: APHLF) (NEO: ALLI), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC).

Key Points: 
  • One such report , from Fact.MR projected that: "Lithium Mining Revenues to Attain USD 3.1 Billion by 2031."
  • It added that over the next ten years, the worldwide lithium mining industry is expected to grow at a 7% by 2031.
  • There are several drivers for the lithium mining market, including: The increasing demand for electric vehicles, smartphones, and other electronic devices that use lithium-ion batteries is driving the demand for lithium.
  • Lithium is a key component of these batteries, and as the demand for these products grows, so does the demand for lithium.