Automotive Smart Display Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Automotive Smart Display Market Growth & Trends

The global automotive smart display market size is expected to reach USD 16.98 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.

The surge in demand for vehicle navigation and connectivity system in the automotive sector led to a growth in the usage of automotive visualization technology. The visualization technology has played a significant role in the advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent automakers, such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and BMW. Moreover, the technology is gaining prominence among automotive display suppliers with an uptick in demand for automotive in-vehicle infotainment solutions as well as display solutions. An increase in the sales of passenger vehicles equipped with smart displays and in-vehicle infotainment systems, coupled with features such as navigation, driver assistance, and real-time traffic monitoring, is expected to bolster the market growth over the forecast period.

Asia Pacific held the largest share in 2020 owing to the presence of several key players, such as Panasonic Corporation (Japan), Yazaki (Japan), and Nippon Seiki (Japan) in the region. The region is characterized by the presence of developed nations such as Japan and South Korea, along with emerging economies such as China and India. In recent years, the region has emerged as a hub for automobile production.

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Automotive Smart Display Market Report Highlights

• In terms of display size, the greater than 10" size segment is expected to register the highest CAGR of 9.2% from 2021 to 2028 owing to the increase in the number of semi-autonomous, autonomous, and electric cars
• Based on display technology, the TFT-LCD segment dominated the market in 2020 and is anticipated to maintain its lead the forecast period
• By application, the center stack segment accounted for the largest revenue share of over 40.0% in 2020. Technological developments in self-driving and connected cars are expected to propel the demand for center stack displays in vehicles
• Asia Pacific accounted for the largest revenue share in 2020. This is attributed to increased production and sales of passenger vehicles in the region

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Automotive Smart Display Market Segmentation

Grand View Research has segmented the global automotive smart display market on the basis of display size, display technology, application, and region:

Automotive Smart Display Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 5''
• 5''- 10''
• Greater than 10''

Automotive Smart Display Technology Outlook (Revenue, USD Billion, 2016 - 2028)

• LCD
• TFT-LCD
• OLED
• Others

Automotive Smart Display Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Digital Instrument Cluster
• Center Stack
• Head-up Display (HUD)
• Rear Seat Entertainment

Automotive Smart Display Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Automotive Smart Display Market

• Alps Alpine Co., Ltd.
• Continental AG
• Denso Corporation
• Hyundai Mobis
• Nippon Seiki Co., Ltd.
• Panasonic Corporation
• Pioneer Corporation
• Robert Bosch GmbH
• SAMSUNG (HARMAN International)
• Visteon Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Cell And Gene Therapy Clinical Trials Market to Witness Soaring Growth During 2021 – 2028: Grand View Research Inc.

 Cell And Gene Therapy Clinical Trials Market Growth & Trends

The global cell and gene therapy clinical trials market size is expected to reach USD 45.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.3% from 2021 to 2028. Increasing funding, investments in research and development, and successful product launches are boosting the market growth.

Cell and gene therapies (CGTs) signify the next great movement of therapeutic innovation and have resulted in the development of promising therapies around the world. Although a few of the early therapies have got marketing approval in the U.S., there are numerous promising therapies in development across the world.

The market of cell and gene therapy has witnessed significant growth over the past few years with pharma firms partnering to create effective and accessible therapies for patients. As reported by PhRMA in 2019, there were 362 cell and gene therapies in clinical development in the U.S. representing a 20% increase from 2018. In addition, by the end of 2019, there were more than 1,000 cell and gene therapy clinical trials in the process including 452 gene-modified and cell-based immune-oncology, 352 gene therapies, 216 cell therapies, and 46 tissue engineering.

Besides, investment is rolling into companies of various types, ranging from startups to major acquisitions by significant biopharmaceutical companies. In 2019, 19 deals of M&A worth over USD 156 billion were completed. The largest of these was the acquisition of Celgene and its pipeline of numerous cell therapy assets by Bristol-Myers Squibb for USD 74 billion is expected to boost its participation in oncology treatments. Hence, representing a noteworthy increase since 2015, when M&A activities in these are totaled about USD 4 billion.

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Cell And Gene Therapy Clinical Trials Market Report Highlights

• By phase, the phase II segment held the largest share of over 50.0% in 2020 owing to the large number of therapies currently in development in phase II
• Based on indication, the oncology segment held the largest share of 47.0% in 2020 as oncology alone contributed to 600 CGT clinical trials out of around 1,000
• North America dominated the global market with a share of 48.3% in 2020. This is largely attributed to a large number of clinical trial activities in the U.S. and favorable government support
• The Asia Pacific region is expected to expand at the fastest CAGR of 23.1% over the forecast period owing to the increasing number of biotechnology companies focusing on CGTs

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CGT Clinical Trials Market Segmentation

Grand View Research has segmented the global cell and gene therapy clinical trials market based on phase, indication, and region:

CGT Clinical Trials Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Phase I
• Phase II
• Phase III
• Phase IV

CGT Clinical Trials Indication Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Cardiology
• CNS
• Musculoskeletal
• Infectious diseases
• Dermatology
• Endocrine, metabolic, genetic
• Immunology & inflammation
• Ophthalmology
• Hematology
• Gastroenterology
• Others

CGT Clinical Trials Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Cell And Gene Therapy (CGT) Clinical Trials Market

• IQVIA
• ICON Plc
• Covance
• Charles River Laboratory
• PAREXEL International Corporation
• Syneos Health
• Medpace Holdings, Inc.
• Novartis
• Novotech
• Veristat, LLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Europe, Middle East & Africa Outdoor Candle Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Europe, Middle East & Africa Outdoor Candle Market Growth & Trends

The Europe, Middle East & Africa outdoor candle market size is anticipated to reach USD 624.7 million by 2028, registering a CAGR of 3.9% over the forecast years, according to a new report by Grand View Research, Inc. Outdoor candles have a great significance in celebrations, religious ceremonies, get-togethers, and festivals. They not only provide lighting and create a beautiful ambiance for the festival season but can also have a calming effect on the mind. According to a blog post by Affiliate UNguru, 35% of all candle sales take place during Christmas. In addition, theme-based outdoor parties, events, and weddings have been contributing to the product demand.

Over the past few years, consumers have been gaining interest in home gardens, patio constructions, and creating a green and comfortable outdoor atmosphere that can be used for outdoor cooking and partying. This trend also presents a lucrative growth opportunity for the market in the residential sector. Moreover, a variety of products containing various essential oils can help in keeping bugs and mosquitoes at bay, which also boosts the overall demand in residential as well as commercial applications.

Many manufacturers are focusing on importing candles from countries, such as China, India, and Vietnam, due to low product prices. As per the European Candle Association, imports from China and other low-cost countries, such as India or Vietnam, have witnessed an increase since antidumping duties were stopped four years ago.

According to the European Commission, in 2018, the import of candles from non-EU countries came mainly from China (€237 million, or 66% of extra-EU imports of candles), the United States (€61 million, 17%), and Vietnam (€24 million, 7%), followed by India (€16 million, 4%), Switzerland and Ukraine (each €4 million, 1%), the Dominican Republic (€3 million, 1%), and Thailand and Hong Kong (each €2 million, 1%). Almost two-thirds of EU candle exports went to three countries namely, Switzerland (€43 million, or 23% of extra-EU exports of candles), Norway (€41 million, 22%), and the United States (€34 million, 18%), followed by Russia (€9 million, 5%), China (€5 million, 3%), Iceland and Ukraine (each €4 million, 2%), and the United Arab Emirates (€3 million, 2%).

The soy wax type segment is estimated to register the fastest CAGR from 2021 to 2028 due to the high demand for soy wax candles as they are completely plant-based, which makes them a renewable resource. A lot of consumers are abstaining from consuming any animal products. Most soy wax candles are made without the use of stearic acid (animal-based), which is used to harden the wax. Soy wax is derived from soybean. It is a hydrogenated vegetable that solidifies at room temperature. Soy wax does not contain anything artificial, which makes it a better alternative to paraffin wax. These factors are expected to boost the segment growth over the forecast years.

The online distribution channel segment is estimated to record the fastest CAGR from 2021 to 2028. Online channels include aggregators as well as manufacturer-hosted e-commerce sites. Manufacturers have realized the potential of online sales channels and thus, host their shopping websites to better cater to rising demand and improve profit margins. Third-party sellers sell products of major manufacturers as well as local producers. They excel by establishing a strong supply chain that extends geographical borders. Thus, when customers want to buy from international players that might not be available in a certain country, third-party suppliers offer the perfect solution.

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Europe, Middle East & Africa Outdoor Candle Market Report Highlights

• The overall market is expected to register a CAGR of 3.9% from 2021 to 2028
• The paraffin wax type segment accounted for the largest share of over 75.0% in 2020 and is expected to expand at a CAGR of 4.0% over the forecast period of 2021 to 2028
• However, the soy wax segment is expected to record the fastest CAGR over the forecast period
• The offline distribution channel segment accounted for the largest revenue share of more than 79.4% in 2020
• Germany led the overall market accounting for the largest revenue share of over 25.0% in 2020

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Europe, Middle East & Africa Outdoor Candle Market Segmentation

Grand View Research has segmented the Europe, Middle East & Africa outdoor candle market on the basis of wax type, distribution channel, and country:

EMEA Outdoor Candle Wax Type Outlook (Revenue, USD Million, 2016 - 2028)

• Paraffin Wax
• Soy Wax
• Bees Wax
• Palm Wax
• Others

EMEA Outdoor Candle Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

EMEA Outdoor Candle Country Outlook (Revenue, USD Million, 2016 - 2028)

• Germany
• UK.
• France
• South Africa

List of Key Players of Europe, Middle East & Africa Outdoor Candle Market

• The White Company
• Stennah & Hope Ltd.
• Scent Perfique
• Duffy and Scott Candlemakers Ltd.
• Engles Kerzen
• Gala Group GmBH

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

North America & Europe Luxury Interior Fabric Market is Expected to Enhance USD 2.7 Billion Revenue By 2028: Grand View Research Inc.

 North America & Europe Luxury Interior Fabric Market Growth & Trends

The North America & Europe luxury interior fabric market size is expected to reach USD 2.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2021 to 2028. Rising awareness about the benefits and comfort offered by these stylish interior fabrics is boosting the market growth. As lifestyles are changing, consumers are inclined towards good quality, comfortable, and visually attractive interior fabrics.

With the expansion of real estate, the market is bound to witness growth in the interiors industry, which is likely to propel the demand for the fabric in the segment. In accordance with the index specialist, the value of property owned for the purpose of achieving investment returns reached USD 9.8 trillion in 2019, 7.8% more than in 2018. The rising demand for new houses owing to the growing population is also expected to boost the market growth in the foreseeable future.

The number of single-family permits in the U.S. increased by 8.4% in 2018, from the previous year, according to the National Association of Home Builders. Thus, developments in the domestic category are projected to drive the demand for luxury interiors, thereby pushing the market growth. Changing trends in home furnishing are also expected to boost the market growth. Consumers are seeking attractive statement interior pieces that can stand on their own in their minimalistic-decorated homes. Moreover, rising environmental consciousness among consumers is bringing the spotlight on organic and sustainable materials and fabrication that includes repurposed and recycled elements. In addition, with consumer interest shifting towards sustainability, a surge in demand for more natural textures and colors is being observed. This, in turn, is expected to boost the demand for luxury interior fabrics in the forecast period.

Technological advancements are also changing how people are shopping for luxury interior fabrics in stores. Physical stores are expected to provide better experiences with the proliferation of digitalization and consumer-facing technology that is used to make it easier for shoppers to research, find, and buy interior fabrics.

As more customers commence to leverage technology to guide their purchasing decisions, retailers are using that data to drive sales. Now retailers can make decisions that are profit-driven on the basis of the data provided by browsing the web, online shopping, and digital couponing. Moreover, as manufacturers are learning more about what consumers are looking for, the better they will be at generating offers that attract shoppers and increase sales.

The upholstery product segment held over 52.7% of the revenue share in 2020. Upholstered furniture is one of the fastest-growing segments in the furniture industry. Upholstered furniture such as beds, chairs, sofas, and cushions have been witnessing significant demand. Upholstered furniture is more comfortable since it is padded and covered with a piece of fabric. Increasing purchasing power of consumers, improvements in the standard of living, and changing lifestyles have led to the development of luxurious upholstery fabrics for various types of seating furniture. An increase in the number of building constructions also supports the industry owing to new furniture requirements, once new homes have been built.

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North America & Europe Luxury Interior Fabric Market Report Highlights

• In North America, the U.S. is expected to register a CAGR of 12.2% from 2021 to 2028. Manufacturers operating in the U.S. continue to offer luxury furniture made using sophisticated and visually appealing materials. The demand for luxury and premium furniture from certain consumer sections is boosting the market growth
• The jacquard raw material is expected to witness the highest CAGR of 12.4% from 2021 to 2028
• The domestic end-user segment held the largest revenue share of 60.0% in 2020 owing to its higher penetration across households

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North America & Europe Luxury Interior Fabric Market Segmentation

Grand View Research has segmented the North America & Europe luxury interior fabric market on the basis of product, raw material, end-user, distribution channel, and region:

NA & Eur Luxury Interior Fabric Product Outlook (Revenue, USD Million, 2016 - 2028)

• Curtains
  • Doors
  • Windows
• Upholstery
  • Chairs
  • Sofas
  • Beds
  • Luxury Cushion
• Bed Linen
• Mattress Coverings

NA & Eur Luxury Interior Fabric Raw Material Outlook (Revenue, USD Million, 2016 - 2028)

• Cotton
• Velvet
• Linen
• Jacquard
• Others

NA & Eur Luxury Interior Fabric End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Domestic
• Commercial

NA & Eur Luxury Interior Fabric Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

NA & Eur Luxury Interior Fabric Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • UK.

List of Key Players of North America & Europe Luxury Interior Fabric Market

• Jim Thompson Fabrics
• Pierre Frey
• Style Library
• The Romo Group
• Kravet Inc.
• Dedar S.p.A
• Nina Campbell
• De Le Cuona
• Rubelli SPA
• Nobilis
• Colefax Group plc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Australia Kids Scooter Market to Witness Soaring Growth During 2021 – 2028: Grand View Research Inc.

 Australia Kids Scooter Market Growth & Trends                             

The Australia kids scooter market size is expected to reach USD 5.53 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2021 to 2028. With changing lifestyles, riding a kids scooter is considered to be a fun activity, which is becoming increasingly popular among children during their leisure time with their friends. The activity is further supported by parents who encourage scootering for children in their day-to-day life as it helps in gaining self-confidence and traffic knowledge. Furthermore, daily scootering results in learning technical and mechanical skills.

The company, Micro Mobility Systems Ltd., offers training programs on safety and correct handling techniques on Micro Mobility Day. Every year, more than six thousand children participate in the training course. The course focuses on braking technologies as well as understanding and awareness related to danger. Such initiatives are expected to have a positive impact on product adoption, which, in turn, will fuel the market growth in the upcoming years.

With the growing demand for scooters among consumers in the country, the Australian government is changing laws in favor of electric scooter riders and owners. Governments are normalizing norms to boost the adoption of electric scooters to reduce traffic congestion, public transport overcrowding, and associated environmental and economic costs. For instance, in December 2019, the ACT government announced that they would be legalizing the use of electric scooters on footpaths and shared paths, following increased public demand. Canberra residents are now permitted to travel at speeds of up to 15km/h on footpaths and up to 25km/h in all other permitted locations.

Due to the ongoing coronavirus pandemic across the globe, nonessential businesses and the supply of such products have slowed down. According to the Australian Bureau of Statistics, as of April 2020, two-thirds of businesses across all sectors have been affected in terms of revenue or cash flow due to COVID-19, while about 1 in 10 businesses has stopped trading.

With nationwide lockdowns and shelter-in-place orders, people in the country have started to find new ways of passing their time. Fitness enthusiasts have been opting for physical activities such as cycling instead of going to the gym while kids have been engaging in outdoor activities like scooting. The Bicycle Network has urged the government to turn roads into bicycle lanes in order to ease the load on busy bike paths during the lockdown.

By product, the 2 wheel segment is anticipated to expand at the fastest CAGR from 2021 to 2028. These kids' scooters have two wheels, which are generally popular among older kids (more than 5 years) with a well-developed sense of balance. Additionally, these scooters can achieve higher speed and are designed to carry more weight. They are made of durable materials, such as airplane-grade aluminum. Shifting government focus toward greener modes of transportation is expected to promote the growth of the market in the coming years.

Electric kids scooter is expected to emerge as the fastest-growing type segment over the forecast period. In the Northern Territory, the Darwin city council announced that Neuron Mobility, Southeast Asia’s leading e-scooter sharing company, will be conducting a 12-month trial of e-scooters across 37 Darwin locations in January 2020. This is estimated to boost the product demand in the country.

The online segment is estimated to be the fastest-growing distribution channel over the forecast period. Increasing product visibility on amazon.com, Walk Bye, and Gumtree is the main factor driving the sales of kids scooters through the online channel. In addition, online portals provide 24*7 assistance, have a variety of products to choose from, and offer heavy discounts on branded products. Moreover, e-commerce retailers are expanding their presence in tier II and III cities and are focusing on improving delivery services. Comparison features on websites and a rise in direct-to-consumer offerings are also acting as catalysts for the growth of the online segment.

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Australia Kids Scooter Market Report Highlights

• The 3 wheel product segment accounted for the largest revenue share of nearly 65.0% in 2020. This is attributed to the increasing demand for the product owing to its enhanced features and multi-functionality
• The electric type segment is expected to register the highest revenue-based CAGR of 6.2% from 2021 to 2028 owing to the growing popularity of e-scooters, particularly among children
• The offline distribution channel segment accounted for the largest revenue share of 81.1% in 2020. This is attributed to consumers’ inclination toward offline stores for purchasing scooters for their kids to find the right fit and understand the mechanism as well as functionality

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Australia Kids Scooter Market Segmentation

Grand View Research has segmented the Australia kids scooter market on the basis of product, type, and distribution channel:

Australia Kids Scooter Product Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2016 - 2028)

• 2 Wheel
• 3 Wheel

Australia Kids Scooter Type Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2016 - 2028)

• Electric
• Non-electric/Kick

Australia Kids Scooter Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2016 - 2028)

• Online
• Offline

List of Key Players of Australia Kids Scooter Market

• Micro Scooters Australia
• Razor USA LLC
• Globber
• Fuzion Scooter
• Radio Flyer

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

U.S. HVAC Systems Market To Benefit from Increased Global Uptake of 2021 By 2028

 U.S. HVAC Systems Market Growth & Trends

The U.S. HVAC systems market size is anticipated to reach USD 23.78 billion by 2028, according to a new study by Grand View Research Inc. It is expected to expand at a 6.0% CAGR from 2021 to 2028. Changing climatic conditions is the primary factor driving HVAC (Heating, Ventilation, and Air Conditioning) equipment demand in the country. Additionally, the adoption of technologically advanced systems that offer smart connectivity and remote operation is expected to be a significant factor influencing the market growth.

Strict government regulations aimed at reducing energy consumption and carbon emissions from HVAC systems are anticipated to play an imperative role in market growth. To help consumers make an informed decision, the U.S. government has introduced the Energy Star Program that provides energy ratings that indicate the efficiency performance, and savings for each product. Such programs, coupled with active efforts taken by HVAC providers to provide energy-efficient products, are expected to fuel the growth of energy-efficient equipment over the forecast period.

The market for HVAC systems in the U.S. is characterized by intense competition, with several major players dominating the market. Companies adopt different strategies to maintain their grip on the market. For instance, Carrier Corporation, a popular name among consumers, completed its separation from United Technologies Corporation (UTC) in April 2020. Operating independently will help Carrier Corporation to improve its product offerings and geographical presence, thus, improving its presence in the market.

Despite all the above-mentioned benefits and efforts, high installation and maintenance costs, coupled with the complexity of retrofitting HVAC installations, are expected to pose a challenge to the market growth. However, companies are offering discounted repair and maintenance services to attract customers and promote HVAC sales across the country. Additionally, government regulations to eliminate the usage of refrigerants such as R-22 or HCFC-22 in cooling systems are expected to boost sales of newer systems in the next seven years.

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U.S. HVAC Systems Market Report Highlights

• Cooling systems held the largest revenue share of more than 55% in 2020. The large revenue share is attributable to the fact that the U.S. is one of the leading consumers of air conditioning systems in the world
• Owing to the increasing office spaces, hospitals, hotels, and other commercial constructions, the commercial segment is anticipated to record the fastest growth of 6.6% from 2021 to 2028
• The large population is the primary factor contributing to the large revenue share and the high CAGR of the Western region
• Companies operating in the market are investing heavily in research and development to offer a technologically advanced product in an attempt to beat market competition via product differentiation  

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U.S. HVAC Systems Market Segmentation

Grand View Research has segmented the U.S. HVAC systems market based on product, end-use, and region:

U.S. HVAC System Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Heating
• Ventilation
• Cooling

U.S. HVAC System End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Commercial
• Industrial

U.S. HVAC System Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• Northeast
• Southeast
• Midwest
• Southwest
• West

List of Key Players of U.S. HVAC (Heating, Ventilation, and Air Conditioning) Systems Market

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Blockchain Technology Market Size, Share, Trends, Analysis And Growth Forecast To 2028: Grand View Research Inc.

 Blockchain Technology Market Growth & Trends

The global blockchain technology market size is expected to reach USD 394.60 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 82.4% from 2021 to 2028. The growth can be attributed to the increasing number of merchants accepting cryptocurrency. At the same time, the growing interest of financial institutes in blockchain technology is also driving market growth.

High investments in blockchain by leading banks and other financial institutions have led to various advancements in technology, thereby improving efficiency. The technology is anticipated to shape the banking sector by bringing a new age of efficiency. Other factors contributing to the high adoption of the technology include eradication of the need for authenticating transaction processes, reduction of error rates, elimination of reconciliation, and facilitation of faster settlement.

Retail stores are increasingly adopting blockchain technology for seamlessly handling business relations and supply chains. For instance, in October 2019, Walmart started piloting blockchain technology to track shrimp exports from Indian farmers to an overseas retailer. This shrimp supply chain, backed by blockchain technology helped in improving the quality of products for compliance purposes.

The COVID-19 pandemic is anticipated to impact market growth favorably in the near future. Various industries used blockchain technology for improving the supply chain during the COVID-19 pandemic as blockchain technology has the capability of overcoming the challenges faced by the traditional supply chain, such as inefficiency and high cost.

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Blockchain Technology Market Report Highlights

• In terms of type, the public cloud segment is expected to retain its dominance over the forecast period. The growing government tendency to inculcate efficient and open transactions is driving the segment growth
• In terms of components, the infrastructure and protocol segment dominated the market in 2020 and is expected to witness growth over the forecast period. The growing demand for blockchain protocols such as Hyperledger and Openchain is driving the segment growth
• In terms of application, the payment segment dominated the market in 2020. The capability of blockchain technology to provide transparency in transactions is driving the segment growth
• In terms of enterprise size, the large enterprise segment dominated the market in 2020. The rapid adoption of blockchain technology by large enterprises to enable digital services across different business channels is driving the segment growth
• In terms of end use, the financial services segment dominated the market in 2020. The increasing investment in blockchain technology by finance service providers is driving the segment growth
• The increasing adoption of blockchain technology in emerging economies such as China and India is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

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Blockchain Technology Market Segmentation

Grand View Research has segmented the global blockchain technology market on the basis of type, component, application, enterprise size, end-use, and region:

Blockchain Technology Type Outlook (Revenue, USD Million, 2016 - 2028)

• Public
• Private
• Hybrid

Blockchain Technology Component Outlook (Revenue, USD Million, 2016 - 2028)

• Application & Solution
• Infrastructure & Protocols
• Middleware

Blockchain Technology Application Outlook (Revenue, USD Million, 2016 - 2028)

• Digital Identity
• Exchanges
• Payments
• Smart Contracts
• Supply Chain Management
• Others

Blockchain Technology Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Blockchain Technology End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Financial Services
• Government
• Healthcare
• Media & Entertainment
• Retail
• Transportation & Logistics
• Travel
• Others

Blockchain Technology Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • Australia
  • India
• South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE

List of Key Players in the Blockchain Technology Market

• IBM Corporation
• Microsoft Corporation
• Linux Foundation
• BTL Group Ltd.
• Chain, Inc.
• Circle Internet Financial Limited
• Deloitte Touche Tohmatsu Limited
• Digital Asset Holdings, LLC
• Global Arena Holding, Inc. (GAHI)
• Monax
• Ripple

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Data Center Colocation Market Size Projected to Rise Lucratively during 2021 to 2028: Grand View Research Inc.

 Data Center Colocation Market Growth & Trends

The global data center colocation market size is expected to reach USD 117.82 billion by 2028, recording a CAGR of 13.3% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. Several businesses and cloud service providers are shifting toward colocation or multi-tenant data centers, which is a key factor contributing to the market growth. Colocation is the preferred choice among numerous enterprises as it offers increased cost benefits compared to building and maintaining their own data center facility. Colocation data centers also offer operational flexibility while scaling up infrastructure to accommodate larger data volumes. With the rising costs of land, property, and IT infrastructure, these data centers are a viable option for SMEs due to limited IT spending.

The proliferation of online shopping worldwide is anticipated to upkeep the market growth over the next seven years. An increase in the number of online shoppers translates to the generation of increased data volumes in the retail sector. This has led to increased investments in the IT infrastructure sector, especially in data centers. Several retailers are opting for colocation centers to save IT costs, which is further expected to drive market growth.

Countries, such as India, China, and the U.S., have strict data localization laws to prevent cross-border data transfers. The European Union implemented General Data Protection Regulation (GDPR) in 2018, which laid down the norms related to personal data transfer and usage. Such protection laws have propelled several enterprises to locate their data centers within the country borders and localize data storage. Colocation data centers have presented businesses with an opportunity of leasing the infrastructure at affordable rates in proximity to the user, while also scaling the infrastructure to accommodate data volumes. These factors are expected to increase the deployment of colocation facilities, thereby driving the market growth.

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Data Center Colocation Market Report Highlights

• The wholesale type segment is projected to record the fastest CAGR of over 16% from 2021 to 2028 on account of the top global companies, such as Microsoft Corp. and Oracle Corp., renting wholesale colocation centers for their servers
• The product demand in the small- & medium-scale business segment captured a sizeable share of over 37% in 2020. The segment is anticipated to witness an uptick in demand registering a strong CAGR from 2021 to 2028
• Asia Pacific is expected to register the highest growth rate over the forecast period on account of the rising data volumes across the region
• A large percentage of the population uses smartphones, thus increasing the viewership of Over-The-Top (OTT) platforms and streaming services. This is expected to generate large data volumes, thereby increasing the demand for high data storage and faster processing speeds
• The healthcare end-use segment is estimated to register the fastest CAGR from 2021 to 2028 due to the rising need to effectively store and manage patient data and increased focus on medical services amid the pandemic

Access Press Release@ https://www.grandviewresearch.com/press-release/global-data-center-colocation-market

Data Center Colocation Market Segmentation

Grand View Research has segmented the global data center colocation market on the basis of colocation type, enterprise size, end-use, and region:

Data Center Colocation Type Outlook (Revenue, USD Million, 2016 - 2028)

• Retail
• Wholesale

Data Center Colocation Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• SMEs
• Large Enterprises

Data Center Colocation End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Retail
• BFSI
• IT & Telecom
• Healthcare
• Media & Entertainment
• Others

Data Center Colocation Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Austria
  • Switzerland
  • Benelux
  • Nordics
  • CEE
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Data Center Colocation Market

• China Telecom Corp. Ltd.
• CoreSite Realty Corp.
• CyrusOne, Inc.
• Cyxtera Technologies, Inc.
• Digital Realty Trust, Inc.
• Equinix, Inc.
• Global Switch
• NaviSite
• NTT Communications Corp.
• Telehouse

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

5G Services Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 5G Services Market Growth & Trends

The global 5G services market size is estimated to reach USD 664.75 billion by 2028, registering a CAGR of 46.2% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rapidly rising demand for ultra-reliable and low-latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also anticipated to propel the market growth from 2021 to 2028.

The 5G wireless technology is expected to completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity. As such, the need to ensure strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services. Furthermore, robust deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including smart homes, smart cities, and industry 4.0. Hence, the rising need for high bandwidth to provide reliable communication to IoT devices is expected to elevate the overall market growth over the forecast period.

In some countries, such as the U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is rising gradually. This is expected to open new opportunities for rolling out 5G services over the forecast period. As such, the growing need for remote asset monitoring, drone control, and coordination, and smart grid control is anticipated to fuel the growth of the ultra-Reliable Low-Latency Communications (uRLLC) segment over the forecast period.

Key market players, such as AT&T Inc., China Telecommunications Corporation, and Verizon Communications, are investing in rolling out 5G infrastructure to provide low-latency services for faster Machine-to-Machine (M2M) communication. However, these market players are expected to deliberate before making investments owing to the high 5G spectrum prices. Stringent government regulations and policies pertaining to the 5G wireless technology are also expected to hinder the market growth. Moreover, due to the global Covid-19 pandemic, the governments across key countries have postponed the auction for 5G spectrums. This is expected to hamper the market growth over the forecast period.

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5G Services Market Report Highlights

• In North America, the U.S. is anticipated to reach nearly USD 148 billion by 2028 owing to the rising demand for higher data speeds for several end-use applications including M2M communications, energy & utility management, and smart mobility management
• By communication type, the enhanced Mobile Broadband (eMBB) segment is anticipated to hold the largest market share by 2028 owing to the rising focus of key market players on rolling out high-speed and low-latency data networks for residential and commercial applications, such as video conferencing, virtual meeting, and Virtual Reality (VR) & Augmented Reality (AR) gaming
• Based on vertical, the manufacturing segment is expected to register the fastest CAGR of more than 50% over the forecast period owing to the growing need for seamless connectivity to drive industrial devices including robots and actuators
• Market incumbents are focusing on mergers and acquisitions for delivering 5G services to strengthen their presence and expand their product portfolios

Access Press Release@ https://www.grandviewresearch.com/press-release/global-5g-services-market

5G Services Market Segmentation

Grand View Research has segmented the global 5G services market on the basis of communication type, vertical, and region:

5G Services Communication Type Outlook (Revenue, USD Billion, 2020 - 2028)

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-reliable and Low Latency Communications (uRLLC)
• Massive Machine-type Communications (mMTC)

5G Services Vertical Outlook (Revenue, USD Billion, 2020 - 2028)

• Manufacturing
• Energy & Utility
• Media & Entertainment
• IT & Telecom
• Transportation & Logistics
• Aerospace & Defense
• Healthcare
• BFSI
• Government & Public Safety
• Retail
• Mining
• Oil & Gas
• Agriculture
• Construction
• Real Estate

5G Services Regional Outlook (Revenue, USD Billion, 2020 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of 5G services Market

• AT&T, Inc.
• BT Group plc
• China Mobile Ltd.
• China Telecom Corporation Ltd.
• Bharti Airtel Ltd.
• KT Corp.
• Saudi Telecom Company
• Vodafone Group
• Deutsche Telekom AG
• SK Telecom Co., Ltd.
• Verizon Communications, Inc.
• NTT Docomo
• Telecom Italia
• Sprint Corp.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Nordic Regulatory Affairs Market to Reflect a Holistic Expansion During 2021 to 2028: Grand View Research Inc.

 Nordic Regulatory Affairs Market Growth & Trends

The Nordic regulatory affairs market size is expected to reach USD 272.7 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% from 2021 to 2028. An increase in R&D activities in countries such as Denmark and Norway, drug pipeline, and clinical trial applications are some of the key factors expected to drive the market.

Denmark is the hub of R&D activities in Europe. The country is known for its long tradition for collaborative R&D and the fastest approval of clinical trials makes it a preferred destination to perform drug discovery and development. Denmark also has the largest commercial drug-development pipeline in Europe. Thus, the urge for a faster drug approval process is one of the key factors expected to drive the market in the country.

In Sweden, as stated by the SwedenBIO, around 148 companies have 420 drug development projects; an increase by 51 projects compared to 2016. In addition, around 6% of the total exports from Sweden are related to pharmaceuticals. Hence, this is projected to create demand for regulatory affairs services in the country.

The ongoing COVID-19 pandemic is expected to create the need for regulatory affairs in the Nordic countries. Countries such as Sweden and Denmark, which are the hub of clinical trials, are expected to witness an increase in demand for regulatory services as many of the trials are put on hold. In addition to this, due to COVID-19, a significant number of vaccines and drugs are in the development stage, which requires faster approval. This is possible only through clearance by regulatory bodies. Thus, the need for regulatory affairs is expected to increase in the Nordic countries.

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Nordic Regulatory Affairs Market Report Highlights

• By service, the regulatory writing and publishing segment led the market in 2020 owing to an increase in the outsourcing of selected regulatory functions by major life sciences companies
• Based on category, the medical devices segment held the largest share in 2020. The segment is driven by stiff competition owing to the increased demand for wearable devices
• Sweden dominated the market with a share of 59.6% in 2020 due to a rise in the number of drug development projects
• Changing regulatory landscape, increasing need for companies to focus on core business activities, and economic and competitive pressures are the main factors responsible for the market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/nordic-regulatory-affairs-market-analysis

Nordic Regulatory Affairs Market Segmentation

Grand View Research has segmented the Nordic regulatory affairs market based on service, service provider, company size, category, product stage, indication, end-use, and country:

Nordic Regulatory Affairs Service Outlook (Revenue, USD Million, 2016 - 2028)

• Regulatory Consulting
• Legal Representation
• Regulatory Writing & Publishing
• Product Registration & Clinical Trial Applications
• Other Services

Nordic Regulatory Affairs Service Provider Outlook (Revenue, USD Million, 2016 - 2028)

• In-house
• Outsourcing

Nordic Regulatory Affairs Company Size Outlook (Revenue, USD Million, 2016 - 2028)

• Small
• Medium
• Large

Nordic Regulatory Affairs Category Outlook (Revenue, USD Million, 2016 - 2028)

• Drugs
• Biologics
• Medical Devices

Nordic Regulatory Affairs Product Stage Outlook (Revenue, USD Million, 2016 - 2028)

• Preclinical
• Clinical Studies
• PMA

Nordic Regulatory Affairs Indication Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Neurology
• Cardiology
• Immunology
• Others

Nordic Regulatory Affairs End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Device Companies
• Pharmaceutical Companies
• Biotechnology Companies

Nordic Regulatory Affairs Country Outlook (Revenue, USD Million, 2016 - 2028)

• Sweden
• Norway
• Denmark
• Finland
• Iceland

List of Key Players of Nordic Regulatory Affairs Market

• Pharma Assist Sweden AB
• GenPact Ltd.
• PRA Health Sciences
• Charles River Laboratories International, Inc.
• ICON plc
• Parexel International Corporation, Inc.
• Freyr
• Global Pharma Consultancy AB
• Accell Clinical Research LLC
• Regsmart Lifesciences AB

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.