Global Computational Fluid Dynamics (CFD) Market Set to Grow Strongly Through 2031 — Reed Intelligence Forecasts 6.7% CAGR

According to a new market analysis report by Reed Intelligence, the global Computational Fluid Dynamics (CFD) market is expected to expand significantly between 2023 and 2031, driven by rising complexity in product design, optimization demands, and advancements in computing power and cloud‐based simulation.

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Market Size & Forecast
The base year for the analysis is 2023, and the forecast extends to 2031.
The market is projected to grow at a compound annual growth rate (CAGR) of approximately 6.7% over this period.

Key Highlights
Largest region: North America, leveraging a mature, technology-advanced ecosystem.

Fastest-growing region: Asia-Pacific (APAC), due to expanding industrialization, emerging economies, and an increasing number of local players.

Largest segmentation by type: Commercial CFD, reflecting demand in enterprise engineering and industrial simulation.

Fastest-growing segmentation by application: While the report does not explicitly state which application grows fastest in CAGR terms, major applications include Aerospace & Defense, Automotive, Electrical & Electronics, and Others, driven by optimization needs in these sectors.

Market Dynamics
Drivers: The Computational Fluid Dynamics (CFD ) market is being propelled by increasing product complexity across industries, which demands more accurate and efficient simulation tools. Additionally, the rise of cloud-based solutions and powerful computing infrastructure enables broader adoption by reducing the barrier to entry and enabling real-time, high-fidelity simulations.
Restraints: Despite strong growth potential, the market faces challenges such as economic uncertainties, regulatory hurdles, and supply‐chain disruptions that may slow deployment. The technical complexity of CFD tools and a shortage of trained professionals also limit adoption in certain regions.

Opportunities: Significant opportunities lie in integrating CFD with artificial intelligence (AI), enabling real-time simulations for dynamic processes. There's also room for specialized CFD software tailored to emerging applications and underserved geographies.

Top Market Players
According to the Reed Intelligence report, key players in the global CFD market include:

Ansys
Cd-Adapco
Mentor Graphics
Exa
Dassault Systèmes
Comsol
Altair Engineering
Autodesk
Numeca International
Convergent Science

Segmentation Overview

By Type:
Personal CFD
Commercial CFD

By Application:
Aerospace & Defense
Automotive
Electrical & Electronics
Others

By Region:
North America (United States, Canada)
Europe
Asia-Pacific
LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence
Reed Intelligence is a market research firm providing in-depth analysis and insights across global industries. Their comprehensive reports cover market dynamics, segmentation, regional trends, competitive landscapes, and growth forecasts.

Global Serial USB Converters Market Projected to Grow at 6% CAGR from 2023 to 2031, Driven by Industrial Automation and IoT Adoption

A new market research report by Reed Intelligence reveals that the Global Serial USB Converters Market is on a strong upward trajectory. The market is expected to grow at a compound annual growth rate (CAGR) of approximately 6% over the forecast period from 2023 to 2031, powered by industrial automation, legacy equipment integration, and the surging demand for reliable connectivity via IoT.

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Key Highlights
CAGR: ~6% between 2023 and 2031
Largest region: North America leads in terms of market strength and technological maturity.

Fastest-growing region: Asia Pacific (APAC), due to emerging economies, rising industrialization, and a growing middle class.

Segment by type (largest): Single converters dominate the market.
Segment by type (fastest-growing): Triple converters are projected to grow significantly.

Segment by application (largest and fastest): Industrial-grade converters are the most prominent and are expected to sustain the fastest growth.

Market Dynamics
Drivers:
The Serial USB Converters market is being driven by increasing industrial automation, which demands robust and reliable serial communication solutions. Legacy equipment in manufacturing and industrial settings relies on serial interfaces; converting these to USB enables modern connectivity without replacing expensive machinery. In parallel, the rapid adoption of the Internet of Things (IoT) fuels demand for dependable, low-latency serial-to-USB links.

Restraints & Opportunities:
However, the market faces several challenges, including economic uncertainties, regulatory complexities, and supply chain disruptions. Competitive pressures may drive down prices, limiting growth margins. On the other hand, significant opportunities lie in the development of wireless serial-USB solutions, cloud integration, and miniaturized, low-power converter designs tailored for niche verticals such as medical devices and scientific instrumentation.

Leading Market Players
Some of the top companies profiled in the report include:
VS Vision Systems GmbH
Contec
Brainboxes Limited
Rayon
Moxa Europe
Digi International
Omron
Utek Technology
Pixsys
Shenzhen 3onedata Technology
Wiretek
Nordfield Electronics
Dtech
Metz Connect
Market Segmentation
By Type
Triple
Combo
Single

By Application
Commercial-Grade
Industrial-Grade

By Region
North America (U.S., Canada)
Europe (U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, Rest of Europe)

Asia Pacific (China, Korea, Japan, India, Australia, Singapore, Taiwan, Southeast Asia, Rest of APAC)

LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence
Reed Intelligence provides deep-dive market research and analysis across the technology and industrial sectors. Their reports offer a detailed view of market size, competitive landscapes, growth drivers, and future opportunities.

Global Transformer Monitoring System Market Poised for Robust Growth Through 2031

According to a new report by Reed Intelligence, the global Transformer Monitoring System market is projected to grow at a compound annual growth rate (CAGR) of 9.1% between 2023 and 2031, fueled by aging grid infrastructure, smart grid evolution, predictive maintenance needs, and regulatory compliance.

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Key Highlights

Base Year & Forecast Year: The report is anchored on a base year of 2023, with forecasts extending through 2031.

Largest Region: North America leads the market, supported by a technologically advanced ecosystem and strong demand.

Fastest-Growing Region: Asia-Pacific is expected to register the highest growth over the forecast period, driven by emerging economies and increasing deployments.

Largest Segment (by Type): Among types, DGA Devices (Dissolved Gas Analysis) stand out as a major segment.

Fastest-Growing Segment (by Application): The Transmission & Distribution Transformer application is expected to grow strongly as utilities modernize their networks and prioritize real-time monitoring.

Top Market Players

Key players leading the global Transformer Monitoring System market include:

ABB

GE

Siemens

Eaton

Alstom

Schneider Electric

Mitsubishi

Končar

Schweitzer Engineering Laboratories

LGOM

Market Dynamics

Drivers
The market is being propelled by several converging drivers. First, the global power grid is aging rapidly, creating urgency for real-time transformer health monitoring to prevent failures and outages. Second, the transition to smart grids is fostering widespread adoption of monitoring systems: utilities increasingly see value in predictive maintenance and early-warning diagnostics. Regulatory compliance requirements around asset reliability and safety further accelerate investment in monitoring solutions.

Restraints & Challenges
However, growth is not without headwinds. High upfront costs of deploying transformer monitoring systems can be a barrier, especially in regions with constrained utility budgets. Economic uncertainties and potential supply chain disruptions may delay large-scale roll-outs.

Opportunities
That said, new opportunities are emerging. The integration of advanced analytics, AI, smart sensors, and cybersecurity is opening up new value-added services. Companies that can offer scalable, modular systems will be well-positioned to penetrate undeserved markets, particularly in emerging economies. Additionally, leveraging data visualization and predictive insights can help utilities optimize maintenance schedules and reduce operational downtime.

Market Segmentation

The report segments the Transformer Monitoring System market as follows:

By Type

DGA Devices

Bushing Monitoring

Temperature Via Fiber Optic

Monitoring Integrators

Others

By Application

Power Generation Transformer

Transmission & Distributor Transformer

Others

Regional Segmentation

North America

Europe

Asia Pacific

Middle East & Africa (LAMEA)

Latin America (LATAM)

About Reed Intelligence
Reed Intelligence is a leading market research firm providing in-depth industry reports and actionable intelligence across sectors. Their Transformer Monitoring System market report offers company profiles, segmentation, regional analysis, and future outlook to guide stakeholders in strategic decision-making.

Global Medium-Chain Triglycerides Market to Surge at a 13.6% CAGR Through 2031, Fueled by Wellness Trends and Ketogenic Nutrition

Market Size (Base Year & Forecast)
According to a new analysis by Reed Intelligence, the global Medium-chain Triglycerides (MCT) market is projected to grow at a compound annual growth rate (CAGR) of approximately 13.6% from 2023 through 2031.

Key Highlights
Largest Region: North America remains a leading market, driven by advanced technology adoption and consumer demand.

Fastest-Growing Region: Asia-Pacific (APAC) is poised for rapid growth due to its large emerging economies and rising middle-class population.

Largest Segment (by Type): Among product types, Oil MCT represents a major share.
Fastest-Growing Segment (by Application): The Medical (or “Healthcare/Medical”) application segment is expected to grow strongly over the forecast period.

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Market Dynamics

Drivers:
Rising global health and wellness awareness is a primary force propelling the Medium-Chain Triglycerides (MCT) market. The popularity of ketogenic diets, along with the increasing adoption of sports nutrition products, is driving demand. In parallel, the functional food and beverage sector is evolving, incorporating MCTs to meet consumer demand for performance-enhancing and clean-label ingredients.

Restraints & Opportunities:
Despite the strong growth outlook, the market faces challenges such as economic uncertainties, regulatory complexities, and potential supply chain disruptions. However, these restraints are also catalyzing innovation: companies are exploring new delivery formats (like gummies and capsules), personalized nutrition products, and MCT-based formulations for bakery and confectionery applications. These novel pathways create significant opportunities for differentiation and market expansion.

Top Market Players
Reed Intelligence’s report identifies several leading companies that dominate the MCT landscape:
IOI Oleo
Oleon
Stepan
BASF
KLK OLEO
Croda
Musim Mas
Sternchemie
BRITZ
Dr. Straetmans
Acme-Hardesty
Lonza
Kao Group
ABITEC Corporation
A&A Fratelli Parodi
Henry Lamotte Oils
Zhejiang Wumei
Avic Pharmaceutical
Wilmar

Segmentation (by Region & Category)

By Type:
Oil MCT
Powder MCT

By Application:
Food & Beverage
Medical / Healthcare
Personal Care & Cosmetics

By Region:
North America
Europe
Asia-Pacific (APAC)
LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence:
Reed Intelligence is a leading provider of market research and strategic insights across healthcare, life sciences, and other industrial domains. Their Global MCT market report (Report Code: RI1205PU offers exhaustive analysis of market trends, regional dynamics, competitive landscape, and growth opportunities.

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