Fuel Cell Vehicle Market to Reach Around USD 36.89 Billion by 2030: Grand View Research Inc.

 Fuel Cell Vehicle Market Growth & Trends

The global fuel cell vehicle market size is expected to reach USD 36.89 billion by 2030 with a CAGR growth of 49.9% in the forecast period, according to a new report by Grand View Research, Inc. Factors such as strict environmental laws, the availability of incentives and subsidies for clean fuels, and hazardous gas emissions from combustion engine are the key drivers driving the global growth of the fuel cell vehicle market. Vehicle emissions have a negative influence on the environment and human life, and several government agencies have enacted rigorous emission regulations. As long as regulatory rules are met, fuel cell vehicles will be in high demand. The growing awareness among manufacturers of the damage caused by car emissions on the environment and the development of alternative powertrains is fueling the market growth.

The government's major goal in developed countries is to develop and install hydrogen refueling stations. The government's primary goal in developing countries is to design a strategic plan for the commercial roll-out of fuel cell technology. Therefore, the urgent need for infrastructure investment is another aspect driving market growth. To boost the market growth for the fuel cell vehicle market, several countries such as Australia, Canada and South Korea are aiming for a full range of hydrogen filling stations across the world.

Although, fuel cell vehicles are expensive and hydrogen (per kilo) is expensive in some locations, these reasons are impeding the growth of the fuel cell vehicle market. It is a scalable and adaptable electrical source for big transportation applications such as material handling trucks, buses, railroads, defense vehicles, and light commercial vehicles (LCVs). In commercial applications, it is also employed as a stationary fuel source. Furthermore, rising government attempts to promote fuel cells for transportation provide the potential for the fuel cell vehicle market to develop.

The North America and Asia Pacific is expected to witness positive market growth owing to the increased adoption of passenger and commercial electric vehicles. The markets are experiencing strong advocacy to make fuel cell vehicles mainstream due to its positive impact on the environment. The government in the Asia Pacific are also promoting the uptake of fuel cell vehicle by providing subsidies to the buyers. Thus, propelling the market growth.

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Fuel Cell Vehicle Market Report Highlight

• The market is expected to register growth due to increased crude oil prices and increasing concentration of carbon emission
• The governments of developed and developing countries are actively investing in fuel cell technology and infrastructure
• The passenger car segment is expected to witness growth owing to extensive usage for commuting and supply chain purpose
• The industry's progress is limited by a failing distribution network, fear of electric shock, and flammability owing to the chemical attribute of hydrogen fuel cells, which act as a limitation on the market's growth

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Fuel Cell Vehicle Market Segmentation

Grand View Research has segmented the global Fuel Cell Vehicle market report based on vehicle type, and region:

Fuel Cell Vehicle Type Outlook (Revenue, USD Billion; 2018 - 2030)

• Passenger Cars
• LCV’s
• HCV’s

Fuel Cell Vehicle Regional Outlook (Revenue, USD Billion; 2018 - 2030)

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

List of Key Players in Fuel Cell Vehicle Market

• Daimler AG
• Honda Motors Co. Ltd.
• Nikola Corporation
• Toyota Motor Corporation
• Hyundai Motor Group
• Ballard Power System Inc.
• Volvo AB
• General Motors
• BMW AG
• Audi AG

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.

Battery Recycling Market Estimated To Flourish By 2030: Grand View Research Inc.

 Battery Recycling Market Growth & Trends

The global battery recycling market size is expected to reach USD 19.9 billion by 2030, registering a CAGR of 7.6% during the forecast period, according to a new report by Grand View Research, Inc. The presence of stringent government regulations is expected to have a positive impact on the market during the coming years.

Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion batteries in electric vehicles and portable devices, on account of their high efficiency, long life, and low maintenance is expected to positively impact the demand for recycled products.

The industry is price-driven, which in turn is expected to restrain the market growth during the forecast period. Price becomes a key differentiating factor as most recyclers make use of more or less the same technology. High competition among the players does not allow large variation in the prices, thereby reducing the profitability of recycling firms.

Companies are making efforts to improve their competitiveness by setting up new collection centers and recycling plants. Moreover, new processes are being developed to bring down costs & combat environmental pollution. ECOBAT has developed its own collection system to gather spent batteries. Furthermore, new processes are being developed to reduce costs and prevent environmental pollution.

For instance, in January 2021, Li-cycle began construction of a Li-ion battery recycling facility in New York, U.S. When operational, the facility is expected to have a capacity of 25.0 metric kilotons of battery waste, retrieving 95.0% or more of the lithium, nickel, cobalt, and other precious components with the zero-emissions and wastewater process.

Lockdowns implemented due to the COVID-19 led to a temporary halt on import and export along with manufacturing and processing activities, across multiple industries, reducing demand for the batteries from a variety of automotive and non-automotive end-users.

As a result, there was a negative impact on the market growth in 2020. However, the market has been gradually recovering since 2021 due to a significant increase in use and demand for consumer electronics such as smartphones, tablets, and laptops, during the pandemic. Furthermore, globally increased demand for electric vehicles is expected to drive the transportation application segment of the battery recycling market during the forecast period.

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Battery Recycling Market Report Highlights

• The lithium-ion segment is expected to register a CAGR of 8.8% from 2022 to 2030, due to the growing demand from the electric vehicle industry
• The lead-acid category dominated the battery recycling market in 2021 and is expected to grow at a CAGR of 7.7% from 2022 to 2030 due to cost-effectiveness, high recycling ability, and high capacity
• The transportation segment emerged as a significant application in 2021 and is expected to expand at the fastest CAGR of 8.0% from 2022 to 2030 due to expanding marine, automotive, and aviation industries
• Europe held a 31.4% revenue share of the global market for battery recycling and is expected to expand by a 7.8% CAGR from 2022 to 2030 due to stringent government laws governing battery recycling in the region
• Asia Pacific is anticipated to be the fastest-growing market from 2022 to 2030 on account of rapidly growing end-use industries including automotive, consumer electronics, and industrial application
• Mergers & acquisitions, agreements, and expansions are the key strategies being adopted by the companies during the past years. For instance, in January 2022, Electra partnered with Marubeni to obtain the black mass created from recycling Li-ion batteries. Electra wants to use Marubeni's globally extensive network of battery cell recyclers to assure a consistent supply of Li/Co composites

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Battery Recycling Market Segmentation

Grand View Research has segmented the global battery recycling market report based on the chemistry, application, and region:

Battery Recycling Chemistry Outlook (Revenue, USD Million; 2019 - 2030)

• Lithium-ion
• Lead acid
• Nickle
• Others

Battery Recycling Application Outlook (Revenue, USD Million; 2019 - 2030)

• Transportation
• Consumer electronics
• Industrial

Battery Recycling Regional Outlook (Revenue, USD Million; 2019 - 2030)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

List of the key players in Battery Recycling Market

• EnerSys
• G&P Batteries
• Exide Technologies
• Aqua Metals
• ECOBAT
• Call2Recycle

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.

Composable Infrastructure Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Composable Infrastructure Market Growth & Trends

The global composable infrastructure market size is expected to reach USD 101.92 billion by 2030, expanding at a CAGR of 50.4% from 2022 to 2030, as per a new report by Grand View Research, Inc. The heightened customer expectations, the high adoption rate of virtualization, and increasing investments in digital transformation (from traditional infrastructure to new infrastructure) by enterprises are supporting the growth of composable infrastructure during the forecast period.

Organizations can benefit from composable infrastructure in several ways, including enhanced operational efficiency, reduced capital expenditure, agile framework, and automation, among others. All these factors are augmenting the growth of this market. With composable infrastructure, all Information Technology (IT) essentials can be managed from a single location, eliminating the need to add hardware separately.

Several organizations focus on finding intelligent ways to utilize their resources, allowing firms to pool their compute, storage, and interconnect resources. However, they have to strive hard to find skilled IT professionals and other IT solutions that provide similar control and visibility as their on-premises solutions. These factors are hindering the market growth. However, the emergence of the hybrid cloud and the increasing investments in data center technologies are providing an opportunity for overall market growth.

Composable systems can offer on-demand deployment through preferred templates, better use of IT personnel, and faster innovation of applications. These developments in composable infrastructures are expected to boost the market during the forecast period. The reduced price of solid-state drivers and the introduction of new technologies, such as 5D memory crystals, are driving investment in storage resources by organizations. Besides, every industry vertical in today’s time is collecting massive amounts of data to deliver a better customer experience; thus, proper management and security of data become vital for organizations.

The spread of smart devices and 5G networks are pushing IT & telecom companies to invest in composable infrastructure. Composable infrastructure allows organizations to support existing, traditional applications while benefiting from newer application development techniques such as continuous delivery (to produce software in short cycles). These factors will supplement the growth of the market during the forecast period.

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Composable Infrastructure Market Report Highlight

• The hardware segment accounted for the dominant market share of around 82% in 2021. The segment growth can be attributed to the growing number of enterprise applications and dynamic hardware requirements to make the IT infrastructure more scalable
• The BFSI sector is expected to advance at a significant CAGR of 51.0% during the forecast period. The segment growth can be attributed to the increased digital transactions, heightened customer expectations, and the need to eliminate application downtime
• The North American market size is expected to reach USD 36,180.4 million by 2030. The region has a strong demand for composable infrastructure due to growing data center consolidation and DevOps practice. Furthermore, countries such as the U.S. and Canada have a well-established IT infrastructure that is required for composable infrastructure; these factors are supplementing the regional market growth

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Composable Infrastructure Market Segmentation

Grand View Research has segmented the global composable infrastructure market based on component, end-use, and region:

Composable Infrastructure Component Outlook (Revenue, USD Million; 2017 - 2030)

• Hardware
• Software

Composable Infrastructure End-use Outlook (Revenue, USD Million; 2017 - 2030)

• BFSI
• IT & Telecommunication
• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Others (Energy & Utilities, Government, and Media & Entertainment, among others)

Composable Infrastructure Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• South America
  • Brazil
• MEA 

List of Key Players of Composable Infrastructure Market

• HGST, Inc.
• DriveScale, Inc.
• TidalScale, Inc.
• Dell
• Liqid
• NetApp
• Nutanix
• Western Digital
• Hewlett Packard Enterprise (HPE)
• Cloudistics

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.

Vaginal Rejuvenation Market Is Projected To Reach Approximately USD 4.7 Billion By 2030: Grand View Research Inc.

 Vaginal Rejuvenation Market Growth & Trends

The global vaginal rejuvenation market is expected to reach USD 4.7 billion by 2030, according to a new report by Grand View Research, Inc. The Growing popularity of vaginal rejuvenation surgery due to the rising number of treatments offered, increasing demand for the surgery, a growing number of research studies, and associated controversies are propelling the market.

In addition, the growing adoption of non-invasive procedures, such as treatment with the help of laser and radiofrequency technologies is market. The launch of fractional carbon dioxide (CO2) laser has gained impressive popularity with promising results. It has significantly improved the lives of vulvovaginal atrophy (VVA) patients. This can be attributed to its non-invasive nature with less or no downtime and better results.

However, the social stigma associated with gynecological treatments and stringent regulations for energy-based gynecological treatments is hampering the market. The food and Drug Administration (FDA) has not approved any energy-based devices for the associated therapy. These devices have not yet established safety and effectiveness in conditions, such as menopause, incontinence, or intercourse.

The onset of COVID-19 affected the global aesthetic market with surgical cosmetic treatments witnessing a significant setback. The majority of the non-essential cosmetic procedures like vaginal rejuvenation were completely halted during the first and second quarters of 2020, however many dermatology and surgical centers have witnessed perpetual ease in reopening their services by the end of 2020 might help recover the market during the forecast period.

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Vaginal Rejuvenation Market Report Highlights

• By treatment type, the cosmetic vaginal rejuvenation segment held a larger share of the  market due to the growing demand for vaginal-associated surgeries, especially in the developed countries
• The reconstructive vaginal rejuvenation segment is expected to grow lucratively during the forecast period due to the rising patient pool reporting various issues regarding vaginal wall laxity, sexual dysfunction, and more
• North America registered a significant share in 2021 owing to the increasing number of vaginal procedures performed and the high disposable income of consumers
• The Asia Pacific is expected to grow considerably in the future owing to the growing popularity of various vaginal surgeries among patients
• A few of the key market players include Alma Lasers, Lutronic, ThermiGen, LLC, Viveve, BTL Group of Companies, VenusConcept, Fotona, Almirall, and Hologic.

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Vaginal Rejuvenation Market Segmentation

Grand View Research has segmented the global vaginal rejuvenation market based on treatment type, and region:

Vaginal Rejuvenation Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Reconstructive Vaginal Rejuvenation
  • Perineoplasty
  • Vaginoplasty
• Cosmetic Vaginal Rejuvenation
  • G-Spot amplification
  • Labioplasty
  • Hymenoplasty
  • Hoodectomy

Vaginal Rejuvenation Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Vaginal Rejuvenation Market

• Alma Lasers,
• Lutronic,
• ThermiGen, LLC,
• Viveve,
• BTL Group of Companies,
• VenusConcept,
• Fotona,
• Almirall,
• Hologic

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.

India Care Services Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2030

 India Care Services Market Growth & Trends

The India care services market size is expected to reach USD 88.1 billion by 2030 expanding at a CAGR of 14.70%, based on a new report by Grand View Research. With increased awareness and favorable housing schemes, more elderly people are acquiring houses in senior living communities that provide various types of care services. Thus, the market is likely to be driven by the growing importance of such care services and the growing demand for these facilities across the country.

The reimbursement situation in the country is improving, as people are opting for post-hospitalization and follow-up treatments at home, owing to lower treatment costs. Chemotherapy, Chronic Obstructive Pulmonary Disease (COPD), hepatitis, gastroenteritis, and fever management are among the home healthcare therapies approved by insurance providers propelling the market growth.

Home healthcare services are gaining increasing importance in India due to their convenience & cost-effectiveness of home healthcare services. Patients can save up to 10% to 25% from their overall medical treatment costs by opting for home healthcare services. Modern-age networking has provided physicians with access to patient data from remote locations and the ability to provide immediate consultation. The majority of hospice & sullied nursing providers have started teleconsultation as well.

The COVID-19 pandemic further boosted telehealth services as it was the only option during the pandemic restrictions and a safe one to avoiding avoid the risk of infection at the hospitals. These services are reducing hospitalization time for patients, and saving costs for them, especially for long-term care. 

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India Care Services Market Report Highlights

• By Type, hospice & palliative care segment held the highest market share in 2021 due to the increasing geriatric population, and the shift in trend from communicable to lifestyle diseases
• Post-Acute care is expected to be the fastest-growing segment during the forecast period. This can be attributed to the technological advancements in healthcare, the cost-effectiveness of home-based healthcare, and the high burden of patients on hospitals in India
• By Region, West India has the highest market share in 2021, due to the high demand for care services in the west region as a result of the higher geriatric population in the particular region & increased attention by the key players towards the west region
• North Region is expected to witness the highest CAGR during the forecast period. This can be attributed to the better accessibility to quality care services with the presence of key players & better insurance coverage in the north region
• Key players in the market are expanding their services within India & investing in developing and adopting advanced technology. For Instance, In March 2020, Portea Medical and Verloop worked with the Government of Goa to develop a chatbot, Cobot-19. The chatbot was designed for providing information to the citizens and to help raise awareness about coronavirus

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India Care Services Market Segmentation

Grand View Research has segmented the India care services market based on type & region:

India Care Services Type Outlook (Revenue, USD Million, 2017 - 2030)

• Skilled Nursing Facility
• Assisted Living Facility
• Hospice & Palliative Care
• Post-Acute Care

India Care Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• Central India
• North India
• West India
• East India
• Northeast India
• South India

List of Key Players of India Care Services Market

• Apollo Homecare
• Portea Medical
• Nightingales Home Health Services
• India Home Health Care (IHHC)
• Grand World Elder Care
• Healthcare at Home
• Bharath Home Medicare
• Care24
• Medfind
• Swarg Community care

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.

Wood Plastic Composites Market Top Players, Segments, Cost Structure, Demand, Sales | 2030 Forecast

 Wood Plastic Composites Market Growth & Trends

The global wood plastic composites market is expected to reach USD 15.41 billion by 2030, growing at a CAGR of 11.5% over the forecast period, according to a new report by Grand View Research Inc. The market is driven by the rising demand for sustainable construction materials along with an increase in the renovation and repair activities in the residential sector across the globe.

Wood plastic composite has high durability, bending strength, shear strength, low moisture content, and low water absorption, as compared to conventional wood products. These properties have made it viable for use in railings, windows, doors, exterior siding, fencing, flooring, interior molding, and landscape materials.

The COVID-19 pandemic has resulted in significant changes in the global construction industry. Delay in new construction activities and intensification of labor shortages, along with an inadequate supply of raw materials have been some effects of the pandemic which had created an adverse impact on the market growth.

Increasing infrastructural development activities, especially in the emerging economies such as China, India, Thailand, and Brazil coupled with the growing demand for aesthetically appealing furniture and flooring solutions across the globe have surged the demand for wood plastic composite in the construction industry in the recent times.

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Wood Plastic Composites Market Report Highlights

• The polypropylene composites product segment accounted for USD 1.08 billion in 2021 and is projected to grow at a CAGR of 11.6% from 2022 to 2030. The demand is increasing as a result of its heavy use in the niche application segments such as water-resistant coatings on furniture and high temperature controllable wooden units.
• The automotive industry application segment accounted for the revenue share of 16.0% in 2021 on account of its favorable properties such as lightweight, machinability, durability, and environmental friendliness. These properties are also expected to boost the market revenue during the forecast period.
• The construction and building application segment is expected to grow at a CAGR of 11.5% from 2022 to 2030 on account of the positive impact of the increasing government support and investments in the development of housing infrastructures in various emerging economies.
• The Asia Pacific is projected to witness substantial market growth of 12.3% from 2022 to 2030. The construction industry in the region is expected to witness significant growth during the forecast period owing to the rising per capita income, ongoing urbanization, and growing population.
• Key players are adopting partnership strategies with companies to gain dominance in the market which provides them a competitive advantage in terms of manufacturing sustainable products and using advanced technologies in the field.
• The market is characterized by the presence of various small- and large-scale vendors, resulting in a moderate level of concentration in the market. Major manufacturers are focusing on their capacity expansions for developing various types of wood plastic composite products.

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Wood Plastic Composites Market Segmentation

Grand View Research has segmented the wood plastic composites market based on product, application, and region:

Wood Plastic Composite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Polyethylene
• Polypropylene
• Polyvinylchloride
• Others

Wood Plastic Composite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Building and Construction
  • Decking
  • Molding & Siding
  • Fencing
• Automotive Components
• Industrial and Consumer Goods
• Others

Wood Plastic Composite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Spain
  • Italy
  • Russia
  • Netherlands
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Indonesia
  • Singapore
  • New Zealand
  • Philippines
• Central & South America
  • Brazil
  • Argentina
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • United Arab Emirates (UAE)
  • Egypt
  • Iran

List of Key Players of the Wood Plastic Composites Market

• Advanced Environmental Recycling Technologies, Inc. (AERT)
• Axion Structural Innovations LLC
• Beologic N.V.
• CertainTeed Corporation
• Fiberon, LLC
• Fkur Kunststoff GmbH
• Guangzhou Kindwood Co. Ltd.
• Jelu-Werk Josef Ehrler GmbH & Co. KG
• Woodmass
• PolyPlank AB
• Renolit
• TAMKO Building Products, Inc.
• TimberTech
• Trex Company, Inc.
• Universal Forest Product

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.

Electric Vehicle Infotainment Market is Expected to Enhance USD 19.49 Billion Revenue By 2030: Grand View Research Inc.

 Electric Vehicle Infotainment Market Growth & Trends

The global electric vehicle infotainment market is expected to reach USD 19.49 billion by 2030 with a CAGR growth of 38.1% over the forecast period, according to a new report by Grand View Research, Inc. EV infotainment systems offer components such as video/audio entertainment, navigation, call control, climate control, apps, and connectivity features, bringing digital life on the road. The market is witnessing high growth owing to new connectivity features based on smartphones, Bluetooth, and wired & wireless technologies at low cost. The increasing connectivity capability in the infotainment system is enabling end-users to access basic features such as navigation and calling easily. The rising uptake of EVs in mid to high-end segment cars is also driving the market growth.

The integration of cloud technology in the infotainment system is also creating avenues for market growth. The integration of cloud technology in cars can update traffic data and maps, helping prevent road accidents. Electric cars exchange data to provide real-time traffic information and weather condition for safe and easy navigation through real-time maps. The use of cloud technology enables secure, alert, and comfortable driving. Additionally, manufacturers are paying attention to designing details of the infotainment system to match the aesthetics of the vehicles. Thus, driving the growth of the electric vehicle infotainment market. Technological advancements in heads-up, rear-seat entertainment, and dashboard infotainment systems are gaining traction among manufacturers and end-users.

Electric vehicles are becoming more interactive in terms of information exchange and entertainment systems. For this purpose, many manufacturers are installing high-definition screens of various sizes. For, Tesla’s Model 3 and Model Y has a 15-inch infotainment screen. The specification of these screens enables the driver to view and operate the infotainment system with efficiency and effectiveness without much strain on the driver’s eyes. With the growing emphasis on passenger safety, automotive manufacturers are also integrating Advanced Driver Assistance Systems (ADAS) and Digital Monitoring Systems (DMS) are being connected with the infotainment system in EVs. These technological advancements are creating new growth opportunities for infotainment manufacturers.

The wireless connection segment holds the highest market share in 2021. As the use of smartphones grows, so does the need for network access. The use of smartphones to connect to the internet has enabled wireless communication and cellular connection for infotainment because of the high-speed connection and ease of use, electric vehicle infotainment systems are gaining popularity. The Wireless connectivity's global expansion enables EV infotainment to give a smooth driving experience while moving the market forward growth.

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Electric Vehicle Infotainment Market Report Highlights

• The market will witness growth based on factors such as uptake of electric vehicles, enhanced connectivity, screen size, and use of technology such as AI and cloud
• The heads-up, rear seat entertainment system, and dashboard infotainment system are gaining popularity.
• Integration of infotainment system in passenger EVs will drive the market growth during the forecast period.
• Major players in the market are Alpine Electronics Inc., Continental AG, Denso Corporation, Panasonic Corporation and Pioneer Corporation

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Electric Vehicle Infotainment Market Segmentation

Grand View Research has segmented the global Electric Vehicle Infotainment market report based on system type, connectivity type, end-user, and region:

System Type Outlook (Revenue, USD Million, 2018 - 2030)

• Multimedia
• Heads-up Display
• Navigation Unit
• Communication Unit
• Rear Seat Entertainment

Connectivity Type Outlook (Revenue, USD Million, 2018 - 2030)

• Bluetooth
• Cellular
• Wireless
• Wired Connectivity

End-User Outlook (Revenue, USD Million, 2018 - 2030)

• BEV
• HEV

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Norway
  • Sweden
• Asia Pacific
  • China
  • Japan
  • South Korea

List Of Key Players in Electric Vehicle Infotainment Market

• Alpine Electronics Inc.
• Continental AG
• Denso Corporation
• Harman International Industries Inc.
• Panasonic 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.

Water Dispenser Market to Witness Soaring Growth During 2022 – 2030: Grand View Research Inc.

 Water Dispenser Market Growth & Trends

The global water dispenser market is expected to reach USD 5.34 billion by 2030, expanding at a CAGR of 8.9% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is largely driven by the demand for water dispensers with characteristics such as portability, easy usage and installation process, and minimal maintenance costs.

The scarcity of drinking water in several regions requires robust sources to meet the rising demand for safe drinking water which leads to increased product sales, thereby driving the market growth. Rising awareness regarding the availability of energy-efficient products also drives the industry's growth.

For instance, in June 2021 Global natural water brand Evian launched Evian (re)new. Designed by Virgil Abloh, fashion designer and creative advisor for Sustainable Innovation Design at Evian, the product features five-liter bubbles that consumers place onto a base. The design is made from 100 percent recycled plastic. Notably, the bubble's "skin" is created with 60 percent less plastic than if it was held in equivalent plastic bottles.

The bottled water dispenser segment is observed to occupy the largest market share in the market during the forecast period. One of the significant driving factors for bottled water dispensers is that they do not require piping assembly. In addition, these dispensers can be installed anywhere as per the customer’s preference. Moreover, the installation cost is drastically reduced as compared to bottle-less dispensers, where the customer needs to set up a piping layout and make other necessary operational arrangements. The rising demand for bottled water is the key factor driving the segment growth. Moreover, lower initial costs along with easy installation and low maintenance requirements are likely to augment the product demand.

The market is characterized by the presence of several well-established players, such as Primo Water Corporation; Whirlpool Corporation; Waterlogic Holdings Limited; Voltas Limited; Culligan International Company; and Honeywell International Inc. These players account for a considerable market share and have a strong presence across the globe. The market also comprises small-to-midsized players, which offer a selected range of water dispensers and mostly serve regional customers. 

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Water Dispenser Market Report Highlights

• The water dispenser is anticipated to grow at the rate of 8.9% from 2022 to 2030 owing to the high demand for water dispensers with characteristics such as portability, easy usage and installation process, and minimal maintenance costs
• The bottle-less segment is anticipated to grow at the fastest rate during the forecast period. These do not require any loading or unloading of water bottles on the machine, which is a key factor propelling the segment growth
• The commercial application segment occupies the highest market share during the forecast period, owing to the great demand for the provision of instant hot and cold water and their convenient dispensing functions have made them vital in many businesses and offices
• The hospitality sector has the highest CAGR. Multiple water dispenser manufacturers are serving the hospitality industry with innovative designs and high aesthetic value, which can easily be installed in hotel lobbies, conference rooms, and premium restaurants
• North America is the largest consumer of bottled water dispensers in the world. The U.S. is one of the largest consumers of packaged water and people are increasingly opting for purified water bottles instead of tap water. In addition, water dispensers are considered essential appliances in both, residential as well as commercial sectors

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Water Dispenser Market Segmentation

Grand View Research has segmented the water dispenser market based on product, application, end-use, distribution channel and region:

Water Dispense Product Outlook (Revenue, USD Million, 2017 - 2030)

• Bottled
• Bottle-less

Water Dispense Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial
• Industrial

Water Dispense End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
  • Hospitality
  • Transport Terminal
  • Institutions
  • Corporate Offices
  • Others
• Industrial
  • Food & Beverages
  • Healthcare
  • Others

Water Dispenser Distribution Channel Outlook (USD Million, 2017 - 2030)

• Online
• Retail Store
• Non-Branded Store

Water Dispense Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East and Africa
  • South Africa

List of Key Players of the Water Dispenser Market

• Whirlpool Corporation
• Primo Water Corporation (formerly, Cott Corporation)
• Honeywell International Inc.
• Culligan International Company
• Clover Co. Ltd.
• Waterlogic Holdings Limited
• Midea Group Co. Ltd.
• O. Smith Corporation
• Edgar’s Water

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.

Specialty Medical Chairs Market to Observe Strong Development by 2030: Grand View Research Inc.

 Specialty Medical Chairs Market Growth & Trends

The global specialty medical chairs market size is expected to reach USD 7.0 billion by 2030, registering a compound annual growth rate (CAGR) of 8.0% during the forecast period, according to a new report by Grand View Research, Inc. Increasing geriatric population is one of the major factors boosting the specialty medical chairs market. As per the WHO, it is estimated that from 2025 to 2050, the older population is expected to almost double to 1.6 billion globally. According to The World Bank, the population in the Asia Pacific region is aging rapidly.

In East Asia and the Pacific, there were more than 211 million people aged 65 and over in 2010. The elderly population is expected to grow by 22% every five years in East Asia. This shows the potential demand for geriatric chairs in the coming years, which will subsequently propel the specialty medical chairs market. The rising prevalence of lifestyle-associated diseases, such as obesity, chronic kidney disease, diabetes, and cardiovascular diseases (CVDs), is also expected to augment the specialty medical chairs market. Furthermore, surging cases of paralysis and spinal injuries are expected to foster specialty medical chairs market growth during the forecast period.

Supportive regulatory frameworks and increasing reimbursement policies in developed economies are anticipated to drive market growth. For instance, Medicare policies in the U.S. offer reimbursement for equipment, such as wheelchairs, recliners, and others. Furthermore, the examination and treatment rates at dental, ophthalmic, and gynecology clinics decreased significantly, which can be attributed to the lockdown imposed in various countries due to the pandemic and the growing preference for online consultations. Various domestic and international companies faced major supply chain challenges due to the pandemic. However, major countries in Asia, such as China and South Korea, are on a steady path to recovery, thereby spurring market growth.

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Specialty Medical Chairs Market Report Highlights

• The rehabilitation product segment held the dominant share of over 40% in 2021, owing to the rise in the geriatric population
• In 2021, dialysis chairs held the largest share in the examination product segment owing to the increased prevalence of chronic kidney diseases and the rise in funding to centers for better equipment
• The treatment product segment is anticipated to register the fastest CAGR during the forecast period as these products are required for carrying out various treatment procedures, such as dental, and offer better comfort to patients during these procedures
• Asia Pacific is anticipated to be the fastest-growing regional market from 2022 to 2030 owing to improving healthcare infrastructure, growing geriatric population, and rising disposable income levels

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Specialty Medical Chairs Market Segmentation

Grand View Research has segmented the global specialty medical chairs market based on product, ens-use and region:

Specialty Medical Chairs Product Outlook (Revenue, USD Million, 2018 - 2030)

• Examination
  • Birthing
  • Cardiac
  • Blood Drawing
  • Dialysis
  • Mammography
• Treatment
  • Ophthalmic
  • ENT
  • Dental
  • Others
• Rehabilitation
  • Pediatric
  • Bariatric
  • Geriatric
  • Others

Specialty Medical Chairs End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Clinics
• Others

Specialty Medical Chairs Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia 
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players in the Specialty Medical Chairs Market

• A-dec, Inc.
• ActiveAid, Inc.
• DentalEZ, Inc.
• Fresenius Medical Care AG & Co. KGaA
• Topcon Corp.
• Midmark Corp.
• Danaher (KaVo Dental GmbH)
• Dentsply Sirona
• Planmeca Oy
• Hill Laboratories Company

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 Legal Cannabis Market to Undertake Strapping Growth By 2030

 Australia Legal Cannabis Market Growth & Trends

The Australia legal cannabis market size is expected to reach USD 540.6 million by 2030 and is expected to expand at a CAGR of 30.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing cannabis legalization, growing patient population, increasing government support, and the presence of local and foreign players in the country are all contributing to the country's rise. Furthermore, the increase in medical marijuana output as a result of increasing demands in the pharmaceutical sector is boosting overall growth.

Based on the source type, the hemp segment dominated the market in Australia and accounted for the highest revenue share of 83.2% in 2021. The increased usage of hemp-based products for different medical and industrial reasons is credited with the market's growth. The rising frequency of epilepsy and other sleep disorders is assisting product uptake, resulting in favorable growth. The marijuana segment, on the other hand, is expected to grow at the fastest rate during the projection period, owing to increased legalization of these products for medicinal and adult use, as well as a rising consumer shift toward obtaining the product through legal channels.

CBD, among the derivatives, accounted for the largest revenue share in 2021. Post legalization in 2021, products containing CBD products have been readily available over the counter and their demand is growing exponentially. Many companies have started introducing new products in the market for several indications. Other category recorded the fastest growth for the forecast period and is also a result of the high influx of products in the market, containing trace amounts of flavonoids, terpenes, and minor cannabinoids which have been used for multiple indications. These factors had a combined positive effect on the market growth.

Based on the end-use type, the industrial application accounted for the highest revenue share of 81% in 2021. The food and beverage, automotive, personal care, construction, and textile industries are all seeing increased demand for hemp fiber and oil, which is helping the market grow. The medical application segment, on the other hand, is predicted to develop at the quickest rate during the forecast period, owing to increased awareness of the health advantages of cannabis products for a variety of medicinal applications, such as anxiety, and chronic pain, sleep disorders, and inflammation.

COVID-19 pandemic caused major shut-downs across all trade imports or export of goods. However, Australia being a local producer of cannabis saw a major spike in its usage for recreational purposes, legal cannabis showed a huge dip in revenues, but has picked up since the restrictions have eased and trade has resumed. Post legalization of cannabis products for OTC sale across various distribution channels, the market is expected to grow manifold.

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Australia Legal Cannabis Market Report Highlights

• The legal cannabis market in Australia is anticipated to grow exponentially by 2030, owing to the cannabis legalization, a growing patient population, more government assistance, and the presence of local and foreign players are all factors to consider
• The increased usage of hemp-based products for different medical and industrial reasons contributed to the growth of the segment in 2021
• CBD products are in high demand due to their multifarious benefits in indications including epileptic seizure, nausea, and arthritic pain
• Industrial applications of hemp fibers and oil are in high demand for a variety of applications, including construction, automotive, personal care, food and beverage, and textiles contributing to the dominance of this segment in 2021

Access Press Release@ https://www.grandviewresearch.com/press-release/australia-legal-cannabis-market-analysis

Australia Legal Cannabis Market Segmentation

Grand View Research has segmented the Australia legal cannabis market based on source type, derivatives, and end-use type:

Australia Legal Cannabis Source Type Outlook (Revenue, USD Million, 2016 - 2030)

• Marijuana
  • Flowers
  • Oil and Tinctures
• Hemp
  • Hemp CBD
  • Supplements
  • Industrial Hemp

Australia Legal Cannabis Derivatives Outlook (Revenue, USD Million, 2016 - 2030)

• CBD
• THC
• Others

Australia Legal Cannabis End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Medical Use
  • Chronic Pain
  • Anxiety and Depression
  • Cancer
  • Arthritis
  • Diabetes
  • Glaucoma
  • Migraines
  • Epilepsy
  • Multiple Sclerosis
  • AIDS
  • Amyotrophic Lateral Sclerosis
  • Alzheimer’s
  • Post-Traumatic Stress Disorder (PTSD)
  • Parkinson’s
  • Tourette’s
  • Others
• Recreational Use
• Industrial Use

List of Key Players of the Australia Legal Cannabis Market

• Cann Group Limited
• Zelira Therapeutics
• AusCann Group Holdings Ltd.
• Bod Australia
• Althea Group
• ECOFIBRE
• MCG Pharma
• EPSILON
• Little Green Pharma
• Emyria
• Epsilon Healthcare Limited

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.