Industrial Automation And Control Systems Market Poised to Garner Maximum Revenues During 2023 – 2030: Grand View Research Inc.

 

Industrial Automation And Control Systems Market Growth & Trends

The global industrial automation and control systems market size is anticipated to reach USD 377.25 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to reach at a CAGR of 10.5% from 2023 to 2030. The growth is attributed to the growing adoption of process automation in several industries, such as energy utilities, chemicals, and automotive. For instance, in April 2022, Kawasaki Heavy Industries, Ltd. established "Future Lab HANEDA" at HANEDA INNOVATION CITY, a substantial, multi-purpose complex with offices and retail facilities for the development of robotics products and services based on open innovation along with real-life implementation and demonstrations for their potential. This, in turn, is expected to drive market growth further during the forecast period.

Moreover, the companies are considerably reducing operational and labor costs, as well as significantly reducing errors associated with humans due to the system’s reliability and efficiency, which is projected to fuel the industrial automation and control systems market growth over the forecast period. The use of multiple robots as per need is expected to push the market growth further. For instance, in April 2022, Siemens AG unveiled the PXC7 smart automation controller, which is useful for large industrial buildings and speeds up engineering processes.

Asia Pacific is anticipated to emerge as the fastest-growing market owing to the presence of emerging companies along with key market players. Some notable regional players are Kawasaki Robotics, Mitsubishi Electric Factory Automation, and Yokogawa Electric Corporation. Furthermore, emerging economies such as Thailand, Vietnam, and Indonesia have huge potential with a largely untapped market that drives substantial investments to develop manufacturing plants. This, in turn, is expected to fuel the market growth across the region.

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Industrial Automation And Control Systems Market Report Highlights

• Based on component type segment, the industrial robots’ component segment is expected to grow at the highest CAGR of over 12% owing to rising trend of smart and automated factories during the advent of industry 4.0 boom
• Based on control system segment, the distributed control system (DCS) control system segment accounted the highest market share of over 34% owing to fast pace of adoption of IIoT by industrialists
• Based on vertical segment, the healthcare segment is expected to grow at the highest CAGR of over 11% owing to the growing trend of automation in surgeries and other health applications
• Asia Pacific is expected to grow at the highest CAGR of over 13% during the forecast period from 2023 to 2030 as a result of developing countries in the region investing significantly in automation and smart manufacturing

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Industrial Automation And Control Systems Market Segmentation

Grand View Research has segmented the global industrial automation and control systems market on the basis of component type, control system, vertical, and region.

Industrial Automation And Control Systems Component Type Outlook (Revenue, USD Billion, 2018 - 2030)

• HMI
• Industrial Robots
• Control Valves
• Sensors
• Others

Industrial Automation And Control Systems Control System Outlook (Revenue, USD Billion, 2018 - 2030)

• DCS
• PLC
• SCADA
• Others

Industrial Automation And Control Systems Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Aerospace & Defence
• Automotive
• Chemical
• Energy & Utilities
• Food & Beverage
• Healthcare
• Manufacturing
• Mining & Metal
• Oil & Gas
• Transportation
• Others

Industrial Automation And Control Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Industrial Automation And Control Systems Market

• ABB Ltd.
• Emerson Electric Co.
• Honeywell International, Inc.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Rockwell Automation, Inc.
• Schneider Electric
• Siemens AG
• Yokogawa Electric 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.

Microwave Ablation Market: Precise Analysis on Business Overview, Product Scope And Ongoing Development 2030

 Microwave Ablation Market Growth & Trends

The global microwave ablation market size is expected to reach USD 962.14 million by 2030, expanding at a CAGR of 13.91% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market is attributed to the increase in liver, lung, bone, and kidney cancer incidences worldwide. Microwave ablation devices are anticipated to increase in popularity in the near future due to technological developments and a growing preference for minimally invasive procedures.

The market growth was negatively influenced by the COVID-19 pandemic in 2020, however, the sector witnessed growth in 2021 as a result of a decline in COVID-19 cases. The adoption of standard operating procedures, preventive measures, and the lower COVID-19 death rate allowed other operational processes in healthcare facilities to continue with less danger of infection. As a result, the market saw a gradual increase in revenue as COVID-19 instances declined in several countries throughout the fiscal year 2022.

Additionally, the market for microwave ablation devices will expand as a result of people's changing lifestyles, unhealthy eating habits, and use of tobacco and alcohol. These factors are all contributing to an increase in cancer incidence. According to the World Cancer Research Fund International, there were around 18.1 Million new cases of cancer worldwide in 2020. In 2020, breast and lung cancer accounted for 12.5% and 12.2%, respectively, of all newly diagnosed cases of cancer. In 2020, there were 1.9 million new instances of colorectal cancer, accounting for 10.7% of all cancer cases. According to estimates from the International Agency for Research on Cancer (IARC), by 2040, the growth and aging of the population alone are predicted to cause 27.5 million new instances of cancer and 16.3 million cancer deaths worldwide. Due to the rising frequency of risk factors such as smoking, poor food, physical inactivity, and fewer pregnancies in economically developing nations, the burden will likely grow in the future.

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Microwave Ablation Market Report Highlights

• The accessories segment held the largest revenue share in 2022 owing to the antenna’s minimal invasiveness and high efficiency to penetrate deep in tissues to form larger ablation zones by active heating
• The oncology segment held the largest share in 2022 owing to the rising prevalence of cancer, increasing healthcare expenses in the development of treatments and solutions for cancer care, and growing adoption of ablation therapies
• The hospitals segment dominated the market in 2022 owing to the high usage of microwave ablation systems in hospitals as most surgeries are performed in hospital settings
• North America dominated the market in 2022 due to a variety of factors, such as the broad application of microwave ablation technology in primary care settings, increased accessibility, and high healthcare costs in nations with effective reimbursement systems

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Microwave Ablation Market Segmentation

Grand View Research has segmented the global microwave ablation market on the basis of component type, application, end-use, and region:

Microwave Ablation Component Type Outlook (Revenue, USD Million, 2018 - 2030)

• Generator
• Power Distribution System
• Accessories

Microwave Ablation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology
• Cardiology
• Urology
• Orthopedic
• Others

Microwave Ablation End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Research Laboratories
• Ambulatory Surgical Centers

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

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

List of Key Players in Microwave Ablation Market

• Angio Dynamics
• Medtronic PLC
• Emblation Microwave
• Huber+Suhner
• Johnson & Johnson Services Inc.
• MedWaves Inc.
• Symple Surgical
• Mermaid Medical
• Varian Medical Systems, Inc.
• Terumo 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.

Commercial Printing Market to Reflect a Holistic Expansion During 2023 to 2030: Grand View Research Inc.

 Commercial Printing Market Growth & Trends

The global commercial printing market size is expected to reach USD 598.06 Billion by 2030, expanding at a CAGR of 2.8% from 2023 to 2030, according to a new study by Grand View Research, Inc. The rising demand for commercial printing for producing promotional material such as brochures, flyers, newspaper inserts, and pamphlets, among others, is expected to be one of the driving factors for the target market growth. The demand for commercial printing spans several industries, including manufacturing, advertising, food and beverage, retail, and healthcare.

The growing advertising needs of businesses contribute significantly to the demand for commercial printing of advertising materials. Commercial printing primarily involves printing on different types of paper and canvas for packaging, publishing, or advertising needs. Typesetting, bookbinding, fulfillment services, designing services, and finishing, which include folding, cutting, and binding, are some of the ancillary services provided by the market players, along with printing services. The fulfillment services include packaging, storage, and delivery of the printed material services.

The growth of online shopping and the demand for personalized experiences have boosted the demand for commercial printing from the packaging sector. Packaging is considered one of the most important marketing tools, and hence businesses are utilizing packaging to display products’ best features. Also, the packaging is being used as a tool to create an unboxing experience for the users.

As a result, many packaging companies are investing in high-technology commercial printing solutions. For instance, in October 2022, Comexi, a flexible packaging service provider, announced the launch of Digiflex, a machine designed for flexible packaging and label converters to print variable data such as QR codes, data matrix variable codes, barcodes, alphanumeric text, and other numbering & marking applications.

The COVID-19 pandemic severely impacted the commercial printing market. The pandemic led to reduced demand for commercial printing as businesses, and their operations were halted. Furthermore, the outbreak disrupted the supply chain and led to an increase in costs of raw materials and labor, and also severely impacted the distribution, which in turn impacted the growth of the target market negatively.

The advent of digital media is restricting the growth of the target market as it continues to replace print media with digital media. Users are adopting the digital form of books and magazines instead of the printed medium. Also, businesses are utilizing digital media for advertising purposes. Despite the impact of digitization, the print industry is, however, pivoting its business models by taking into account the changing needs, trends, and new realities of the market.

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Commercial Painting Market Report Highlights

• The digital printing segment is expected to grow at the fastest CAGR during the forecast period. The rising awareness of digital printing across various sectors, such as educational establishments, among others across the globe is fueling the segment's growth
• The packaging segment held the largest market share of about 53% in 2022 and is expected to maintain its dominant position over the forecast period. The development of the segment can be attributed to the increasing demand for packaging products
• The Asia Pacific regional market is expected to register the fastest growth over the forecast period. The booming e-commerce industry across the region is expected to play a decisive role in driving the development of the regional industry

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Commercial Painting Market Segmentation

Grand View Research has segmented the global commercial printing market based on printing technology, application, and region:

Commercial Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Digital Printing
• Lithography Printing
• Flexographic
• Screen Printing
• Gravure Printing
• Others

Commercial Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Packaging
• Advertising
• Publishing
  • Books
  • Newspaper
  • Magazines
  • Others

Commercial Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Commercial Printing Market

• Quad/Graphics Inc.
• Acme Printing
• Cenveo
• RR Donnelley
• Transcontinental Inc.
• LSC Communications US, LLC.
• Gorham Printing, Inc.
• Dai Nippon Printing
• The Magazine Printing Company
• Cimpress plc
• Quebecor World Inc.
• Duncan Print Group

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. Personal Protective Equipment Market Poised to Expand at a Robust Pace of USD 32.5 Billion Over 2030: Grand View Research Inc.

 U.S. Personal Protective Equipment Market Growth & Trends

The U.S. personal protective equipment market size is anticipated to reach USD 32.5 billion by 2030, registering a CAGR of 6.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by increasing spending on worker safety and protective products coupled with rising awareness about stringent safety rules & regulations.

The U.S. is one of the most severely affected countries in the world by the coronavirus. The rapid spread of COVID-19 in the country has increased the demand for personal protective equipment (PPE), especially in the healthcare sector, to reduce further transmission. Thus, the COVID-19 outbreak had a positive impact on the growth of the U.S. personal protective equipment market.

Increasing awareness among the industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive market growth. Particularly, rising awareness along with new rules & regulations in the U.S. are likely to fuel the market growth during the forecast period.

Government regulations such as ANSI, NIOSH, and ASTM compel the use of protective equipment for workers in end-use industries such as oil & gas, mining, and construction. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive demand for personal protective equipment.

Increasing onshore and offshore drilling activities coupled with rising shale gas production in the U.S. are the factors anticipated to augment PPE demand to protect employees from workplace hazards. Furthermore, high product penetration in the U.S. is attributed to the stringent regulatory scenario and growing employee awareness regarding personal safety.

Key players such as 3M, Honeywell International Inc., and DuPont actively focus on product innovation, joint ventures, mergers, and acquisitions. In May 2022, 3M announced expanding production for personal protective equipment such as respiratory and hearing protection products. This expansion will allow 3M to increase investment to meet the unmatched demand for PPE.

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U.S. Personal Protective Equipment Market Report Highlights

• The head protection equipment is expected to witness growth at a CAGR of 8.1% during the forecast period owing to the increasing instances of brain injuries across various industries such as construction, mining, oil & gas, and manufacturing
• Demand for PPE in healthcare accounted for 34.9% share of the country revenue in 2021 on account of rising demand for hand protection, respiratory protection, and protective clothing to ensure the employees’ safety during the COVID-19 pandemic
• Hand protection is estimated to witness growth at a CAGR of 5.6% from 2022 to 2030 in terms of revenue owing to the increasing adoption of gloves to limit the spread of the COVID-19 infection through surface contact
• The demand for PPE in the chemical industry in the U.S. is estimated to witness growth at a CAGR of 7.5% from 2022 to 2030, in terms of revenue, on account of the product's ability to prevent injuries or burns to the skin, face, hand, respiratory system, and head
• Market for the U.S. personal protective equipment is characterized by the presence of well-established players that have a broad product portfolio, extensive distribution networks, and large financial capacities, which is expected to restrict new entrants 

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U.S. Personal Protective Equipment Market Segmentation

Grand View Research has segmented the U.S.personal protective equipment market based on the product, and end-use:

U.S. PPE Product Outlook (Revenue, USD Million, 2017 - 2030)

• Head Protection
• Eye Protection
• Face Protection
• Hearing Protection
• Protective Clothing
  • Heat & flame protection
  • Chemical defending
  • Clean room clothing
  • Mechanical protective clothing
  • Limited general use
  • Others
• Respiratory Protection
  • Air-purifying respirator
  • Supplied air respirators
• Protective Footwear
  • Leather
  • Rubber
  • PVC
  • Polyurethane
  • Others
• Fall Protection
  • Soft Goods
  • Hard Goods
  • Others
• Hand Protection
  • Disposable
  • Durable
• Others

U.S. PPE End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Food
• Pharmaceuticals
• Healthcare
• Transportation
• Mining
• Others

List of Key Players of U.S.Personal Protective Equipment (PPE) Market

• Honeywell International Inc.
• Lakeland Industries Inc.
• DuPont
• 3M
• Ansell Ltd.
• Avon Rubber plc
• Alpha Pro Tech Limited
• Uvex Safety Group
• Mine Safety Appliances (MSA) Company
• Radians, Inc.

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.

Krill Oil Supplements Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Krill Oil Supplements Market Growth & Trends

The global krill oil supplements market size is expected to reach USD 2.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.7% from 2022 to 2030. Rising awareness among youth regarding the consumption of a healthy diet, increasing usage of krill oil in food and beverage and pharmaceutical sectors, and rising investment in clinical research and development is predicted to boost the market growth over the forecast period.

The market for krill oil supplements is growing as fish oil alternatives gain popularity. Fish oil was previously only used if prescribed by a doctor, but in recent years, krill oil supplement consumption has increased due to increasing awareness of its health benefits, which has fueled the krill oil supplement market growth. Additionally, rising consumer demand for functional foods and supplements as a result of rising health concerns and increasing spending on wellness and personal care products is anticipated to fuel market growth in coming years.

Softgels held the largest share in 2021 and is expected to retain its dominance over the forecast period. The consumption of krill oil supplement in softgels form is increasing as krill oil is a superior source of Omega-3, which helps build and maintain a healthy body, aids memory and boosts cognition, improves blood lipids, supports heart health, reduces arthritis and joint pain, and fight inflammation. Due to this, the consumption of softgels is increasing among aging and working adults across the globe. Further, the demand for omega-3 products is also anticipated to increase due to consumers' changing lifestyles and growing concerns about health issues, particularly coronary heart diseases, which will help the segment grow over the forecast period.

Supermarkets/ Hypermarkets dominated the market in 2021 and is expected to maintain their dominance over the forecast period. Supermarkets/ Hypermarkets offer significant advantages to consumers, such as freedom of selection, lower prices, and high visibility of international brands, which makes them a suitable platform for purchasing krill oil supplements. These stores provide dedicated shelf spaces that offer krill oil supplements.

The market in Europe is anticipated to rise at a CAGR of 10.9% over the forecast period. The demand for products containing krill oil is being fueled by the presence of large krill oil producers and significant coastlines in the region. Furthermore, it is anticipated that rising health consciousness in Europe will boost demand for dietary supplements as well as the infant formula application, functional food, and pharmaceutical, sectors.

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Krill Oil Supplements Market Report Highlights

• The capsules segment is projected to witness the fastest CAGR of 11.6% over the forecast period owing to the increasing consumption of krill oils in capsule forms. Growing inclination towards convenience and fast-paced lifestyle has propelled segment growth
• Online retailers is projected to witness the fastest CAGR of 11.6% over the forecast period owing to the factors such as time constraints, busy lifestyle consumers, and strong availability of value-added products from desired brands have led to an increase in the e-commerce sector and online sales
• The dietary supplements segment is expected to register the fastest CAGR during the forecast period. This growth can be attributed to increasing consumer awareness regarding the consumption of healthy food combined with rising disposable income and the ability to spend of supplemental products
• North America led the regional segment with the highest market share owing to the rising geriatric population consuming dietary supplements in developed countries like the U.S., and Canada
• There are only a few major global players in the consolidated market for krill oil supplements. Large corporations such as Aker Biomarine; Rimfrost AS; and Neptune Wellness Solutions hold a majority of the market share.

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Krill Oil Supplements Market Segmentation

Grand View Research has segmented the global krill oil supplements market based on product, application, distribution channel, and region:

Krill Oil Supplements Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Liquids
• Softgels
• Capsules

Krill Oil Supplements Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Dietary Supplements
• Animal Feed
• Functional Food & Beverages
• Pharmaceuticals
• Others

Krill Oil Supplements Distribution Channel Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Supermarkets/ Hypermarkets
• Drug Stores & Pharmacies
• Online Retailers
• Others

Krill Oil Supplements Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • Thailand
  • Australia
  • New Zealand
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Krill Oil Supplement Market

• Aker BioMarine
• Neptune Wellness Solutions
• Rimfrost AS
• Schiff Nutrition International, Inc.
• Norwegian Fish Oil AS
• NutriGold Inc.
• Ergomax
• Qingdao Kangjing Marine Biotechnology Co., LTD.
• NWC Naturals Inc.
• Nutracode

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.

Sample Preparation Market Expected to Deliver Dynamic Progression By 2030

 Sample Preparation Market Growth & Trends

The global sample preparation market size is expected to reach USD 10.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2022 to 2030. The need to develop quick, inexpensive, and environment friendly sample preparation processes has prompted the development of novel approaches that eventually help to reduce the number of extraction steps, lower solvent usage, and automate the sample preparation system, which would further fuel the market.

The market is anticipated to rise as a result of elements including quick improvements in sample preparation and collection and an increase in expenditures on research & development in biosciences. For instance, as per the France Healthcare Innovation 2030 study released in June 2021, France has 750 biotech enterprises and 3,100 health tech businesses totaling 455,000 employees. As a result, there will be a rise in the use of life science products in the discovery and development of novel medicines, which is predicted to open up markets for sample preparations required by research labs for the production of new drugs.

The market has been significantly impacted by the COVID-19 pandemic. The primary crucial component of the pandemic was diagnostic RT-PCR testing, which was carried out by sample collection and patient swab preparation. This helped to spur the expansion of the global market. Furthermore, clinical trials have become more prevalent recently, thriving the investments and developments in the sector of research and development that result in the introduction of new products. Additionally, due to an increase in activities for research and development for sample preparation across all regions, fueling the market growth.

Additionally, it is anticipated that throughout the course of the projection period, the market would rise significantly due to the rising number of clinical trials, and product introductions related to sample preparation. For instance, in March 2022, Beckman Coulter Life Sciences introduced the CellMek Sample Preparation System (SPS). This SPS is fully automated for clinical flow cytometry and provides on-demand processing for a variety of sample types to support laboratories' capacity expansion. As a result of the aforementioned factors, the market under study is anticipated to increase throughout the given time frame.

Additionally, the global market is anticipated to increase as a result of recent product releases and existing market participants who are focusing on the development of healthcare infrastructure for life sciences and pharmaceuticals. For example, in June 2022, the AccelerOme Automated Sample Preparation Platform was featured by Thermo Fisher Scientific at the 70th American Society for Mass Spectrometry (ASMS) Conferences on Mass Spectrometry. Similarly, in February 2022, Biotage announced the release of the TurboVap 96 Dual, a complex well plate evaporator with two separate and independently regulated evaporation chambers that builds on the respectable basis of the Biotage TurboVap line of products. The increased well-plate evaporation inside the sample preparation workflow is supported by the new TurboVap 96 Dual. As a result, such advances are anticipated to fuel market expansion.

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Sample Preparation Market Report Highlights

• By product, the consumables segment accounts for the foremost share of the market in 2021. The use of consumables differs according to the applications and techniques. Hence, expanding scope of the application is anticipated to encourage players to indulge in various strategic initiatives
• By application, the genomicssegment is expected to emerge lucratively over the forecast period. Since sample preparation is a crucial process in sequencing and assist researchers in deriving accurate results
• By technique, the protein preparation segment reported a larger share of the global market. This is attributed to a rising R&D investment in proteomics research along with strategic initiatives such as fundraising, hence, propelling the market growth
• By end-user, the diagnostic centers segment is estimated to have a larger share in 2021, owing to the growing demand for diagnostics testing and development of personalized treatment
• North America held the larger share in 2021. This is attributed to the occurrence of substantial number of participants, along with increasing spending in R&D and federal assistance
• Asia Pacific is expected to grow at the highest rate in a forecasted period. The key growth determinants are increasing adoption of next-generation sequencing for drug discovery and development  

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Sample Preparation Market Segmentation

Grand View Research has segmented the global sample preparation market on the basis of product, technique, application, end user, and region:

Sample Preparation Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments 
  • Extraction System
  • Workstation
  • Automated Evaporation System
  • Liquid Handling Instrument
    • Liquid handling workstations
    • Pipetting systems
    • Reagents dispensers
    • Microplate washer
    • Other liquid handling systems
  • Consumable
  • Kits
    • Purification Kit
    • Isolation Kit
    • Extraction Kit

Sample Preparation Technique Outlook (Revenue, USD Million, 2018 - 2030)

• Protein Preparation
• Solid-phase extraction
• Liquid-liquid extraction

Sample Preparation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Genomics
• Proteomics
• Epigenomics
• Transcriptomics
• Metabolomics
• Others

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

• Hospitals
• Diagnostic Centers
• Pharmaceutical and Biotechnology Industry
• Others

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

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

List of Key Players of Sample Preparation Market

• Merck KGaA
• Thermo Fisher Scientific Inc.
• Bio-RAD Laboratories Inc.
• Tecan Group Ltd.
• Agilent Technologies Inc.
• Hamilton Company
• Promega Corporation
• Illumina Inc.
• Roche Applied Science
• Danaher Corporation
• Qiagen N.V. 

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.

Bathroom Vanities Market Is Projected To Reach Approximately $65.54 Billion By 2030

 

Bathroom Vanities Market Growth & Trends

The global bathroom vanities market size is expected to reach USD 65.54 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2023 to 2030. The increasing disposable income and changing consumer lifestyles in Asia Pacific and Europe are projected to drive demand for bathroom vanities. Also, the growth of the leisure and hospitality industries across the globe is expected to boost the demand for bathroom vanities.

The rising disposable income and proliferating economic growth are escalating the purchasing power, as a result, there is a rise in demand for high-end and aesthetic home and bathroom products, which is likely favoring the growth of the market across the globe. The National Kitchen and Bath Association (NKBA) predicted bath product spending to reach USD 199 billion in 2022. Moreover, house construction and remodeling projects to be major growth factors in the market for bathroom vanities.

Additionally, consumers' purchase decisions are mainly impacted by their changing lifestyles and the equal importance they place on interior and exterior décor. However, with rising home prices, homes are becoming compact, and the number of rooms-and their size-is decreasing. As a result, consumers are increasingly investing in storage and furniture items that are multifunctional, have enough storage, and can be easily assembled at home.

In terms of design and style, although traditional and modern bathroom vanities are popular among consumers, they mainly prefer modern styles. According to data published by Bathroom Planet, a bathroom furniture and accessories retailer in the U.K., around 79% of consumers purchased modern-style bathroom vanities in 2021. Bathroom vanities have evolved over the years, and in response, key manufacturers have been introducing new styles, patterns, and designs to meet the changing demands of consumers. Vintage-style bathroom vanities are popular among consumers who prefer unique and retro-style bathrooms.

Furthermore, with the increasing expansion of real estate as well as commercial construction, the market is bound to witness growth in the bathroom fittings industry, which is likely to propel the demand for bathroom vanities in commercial and residential settings. According to a Global Real Estate report published by Morgan Stanley Capital International (MSCI) in 2021, the efficiently managed real estate market's size increased to USD 11.4 trillion from USD 10.5 trillion in 2020.

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Bathroom Vanities Market Report Highlights

• The glass segment is expected to expand at the fastest CAGR over the forecast period. The growing inclination toward elegant, stylish, modern, and fancy bathrooms is anticipated to widen the scope of premium-quality bathroom vanities over the forecast period
• The residential segment accounted for the largest market share in 2022 and is expected to dominate the market over the forecast period. An increasing number of millennials buying homes, particularly pre-owned homes, is also fueling the demand for bathroom vanities
• The Asia Pacific region accounted for the largest share in the global market in 2022. The growth is attributed to the rising spending on home renovation projects in the region. Moreover, the increasing population and improved standard of living have spurred the growth prospects of the construction sector in the region

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Bathroom Vanities Market Segmentation

Grand View Research has segmented the global bathroom vanities market based on application, material, size and region:

Bathroom Vanities Application Outlook (Revenue, USD Million; 2017 - 2030)

• Residential
• Non-residential

Bathroom Vanities Material Outlook (Revenue, USD Million; 2017 - 2030)

• Stone
• Ceramic
• Glass
• Wood
• Metal

Bathroom Vanities Size Outlook (Revenue, USD Million; 2017 - 2030)

• 24 - 35 inch
• 38 - 47 inch
• 48 - 60 inch

Bathroom Vanities Regional Outlook (Revenue, USD Million; 2017 - 2030)

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

List of Key Players in the Bathroom Vanities Market

• American Woodmark Corporation
• Avanity Corporation
• Bellaterra Home, LLC
• Design Element Group, Inc.
• Design House (DHI Corp.)
• Empire Industries, Inc.
• Foremost Groups
• Wyndham Collection
• Kohler Company
• Water Creation, Inc.
• Wilsonart LLC
• Dupont Kitchen and Bath Fixtures
• Caesarstone

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.

Soap Dispenser Market to Reflect Robust Expansion During 2023-2030: Grand View Research Inc.

 Soap Dispenser Market Growth & Trends 

The global soap dispenser market size is expected to reach USD 2.64 billion by 2030, expanding at a CAGR of 8.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing consumer hygiene concerns worldwide and rising middle-class income groups' purchasing power are projected to fuel the industry. In addition, it is anticipated that during the forecast period, more governments will implement cleanliness initiatives, fueling demand for soap dispensers.

Increasing focus on cleanliness and hygiene among consumers has resulted in rising frequency of washing hands and this is driving the application of soap dispensers. Soap bars can be immensely unhygienic in public restrooms and are often carriers of germs, bacteria, and other harmful microorganisms. This can result in high risk of contracting several illnesses. Soap dispensers are ideal in such scenarios. The outbreak of the novel coronavirus (COVID-19) across the globe has spurred the demand for conventional as well as electronic soap dispensers, given the urgent need for hygiene and cleanliness.

In terms of value, the manual product segment dominated the market, which is expected to account for the largest market share over the forecast period. New and innovative operational features in manual soap dispensers are also attracting a large number of users for basic hygiene practices. For instance, ASI American Specialties, Inc. offers manual soap dispensers with numerous operational variations such as push-up, foot-operated, and surgical type, all of which can be counter-fitted or mounted on a wall.

North America held the largest market share in 2021, owing to the need for bathroom fixtures and fittings including soap dispensers in the commercial sector, notably in the hospitality sector. For instance, according to the Lodging Econometrics, Construction Pipeline Trend Report 2022, there were around 1,4200 projects/184,692 rooms renovated in the U.S. during the first quarter of 2022.

Companies in the market are focusing on strategies such as product launches in order to gain market share and increase their service footprint. For instance, in August 2021, Amazon launched a smart soap dispenser integrated with 20 seconds LED timer, with an option to pair with Echo device. The Echo will auto-play songs, jokes, or share a fun fact when they wash their hands.

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Soap Dispenser Market Report Highlights

• Manual soap dispenser was valued at USD 760.4 million in 2021 and is expected to reach USD 1,449.3 million by 2030. An increase in consumer awareness towards health and hygiene is favoring the growth of the market.
• Residential application segment is expected to witness substantial growth over the forecast period with a CAGR of 8.6% from 2022 to 2030. Increasing penetration of homeownership among consumers, especially millennials is propelling the demand for soap dispensers for residential applications.
• Asia Pacific region was valued a USD 382.0 million in 2021 and is expected to register a CAGR of 9.0% over the forecast period. The growth in the region is majorly attributed to increasing number of commercial places in developing countries including China and India.

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Soap Dispenser Market Segmentation

Grand View Research has segmented the global soap dispenser market based on product, application, and region:

Soap Dispenser Product Outlook (USD Million, 2017 - 2030)

• Automatic
• Manual

Soap Dispenser Application Outlook (USD Million, 2017 - 2030)

• Residential
• Corporate Offices
• Commercial
• Education Institutions
• Healthcare
• Public Places
• Transportation

Soap Dispenser Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List Of Key Players in Soap Dispenser Market

• Toto Ltd.
• Kohler Co.
• ASI American Specialties, Inc.
• Umbra
• simplehuman
• Lovair
• Bobrick Washroom Equipment, Inc.
• Bradley Corporation
• Georgia-Pacific LLC
• GOJO Industries, Inc.
• Frost Products Ltd.
• Dudley Industries Ltd.
• Stern Engineering Ltd.
• Duravit AG
• Sloan Valve 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.

Denim Jeans Market to Exhibit Impressive Growth During 2023– 2030: Grand View Research Inc.

 Denim Jeans Market Growth & Trends

The global denim jeans market size is anticipated to reach USD 121.50 billion by 2030 and is expected to register a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is driven by a rise in the consciousness regarding fashion trends coupled with shifting consumer priorities towards branded clothing products like denim jeans. In addition, consistent product launches and innovations by leading players in the denim jeans market including Levi Strauss & Co., VF Corp., the Gap, Inc., and others are implementing strategies such as expansion of their retail footprints in tier II and tier III cities to enlarge the customer base globally.

Moreover, the market is driven by increasing acceptance of business casuals for work purposes, which lead to newer growth opportunities worldwide. The increase in the women’s workforce has given ample growth opportunities for the denim jeans market, as these products are increasingly adopted by working females for workplaces and business meetings. Nowadays, the millennial and Gen-Z population have set priorities towards clothes that are suitable for different body types and denim jeans come in a wide array of sizes, finishes, colors, and designs. As, a result of this, the millennial generation is more likely to purchase denim jeans such as tapered fit, loose-fitting, curves, and bell-bottom jeans, which will likely drive the demand for such products.

COVID-19 has had an adverse effect on the worldwide denim jeans market. As a result of the lockdown, all companies were closed, with the exception of necessary services, disrupting the production and distribution of clothing products, and impacting clothes producers and merchants. The main market for denim jeans was lost when government bodies implemented lockdown measures to stop the spread of COVID-19 and sealed international borders, causing a global disruption in the clothing material trade supply. The COVID-19 outbreak has hampered export and import activity and restricted the movement of raw materials used in the production of denim jeans. However, the market is likely to eventually return to pre-pandemic levels, since sales of clothing and other lifestyle products have seen an uptick in sales and will generate more demand over the forecast period.

Based on sales channel, the offline channel is estimated to lead the segmental share over the coming years due to increasing customer preferences for in-store visits and try and test denim jeans according to their body shape and sizes. Also, the in-store assistance from salespersons towards appropriate fitment to different body types will assist the offline sales channel in its growth.

Based on end-user, men accounted for the highest share in 2020, accounting for about half of the global denim jeans market, and is expected to continue its dominance throughout the forecast period.  This is owing to the fact that the world's most famous celebrities, athletes, and other artists are paying attention to men’s sports fashion and cooperating with some of the world's most famous denim pants labels, like Wrangler, Calvin Klein, H&M Hannes & Mauritz AB, and others.

North America is expected to have the largest market share in the coming years. It will maintain its leading position during the forecast period due to growth in retail sales revenue in the apparel market. Furthermore, Popular American clothing brands like Levi Strauss & Co., Wrangler, VF Corp., collaborate with influencers and sports personalities towards inspirational collections of denim jeans for both men and women to drive more sales.

The majority of denim jeans are expensive because they are created using high-quality raw materials and need a high level of manufacturing skills.  This fact prevents many individuals from purchasing branded jeans because they perceive it as a waste of money. Many people consider purchasing a clothing item to enhance their looks but decide against it because they are concerned that it would increase their budgetary expenses. This is expected to be a constraint during the projected period.

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Denim Jeans Market Report Highlights

• The offline segment dominated the global market with the highest revenue share of 85.8% in 2022
• This growth is due to the greater preference for in-store visits and trying and testing out different products that match according to body shapes and sizes
• The men’s segment is expected to increase significantly during the forecast period owing to the fact that the world's most famous celebrities, athletes, and other artists are paying attention to men’s sports fashion and cooperating with some of the world's most famous denim pants labels, like Wrangler, Calvin Klein, H&M Hannes & Mauritz AB, and others
• North America led the global market with the highest revenue share owing to the presence of a large number of players such as Levi Strauss & Co., Wrangler, VF Corp., US Polo Assn

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Denim Jeans Market Segmentation

Grand View Research has segmented the global denim jeans market based on distribution channel, end-user, and region:

Denim Jeans End-user Outlook (Revenue, USD Million; 2017 - 2030)

• Men
• Women
• Children

Denim Jeans Distribution Channel Outlook (Revenue, USD Million; 2017 - 2030)

• Online
• Offline

Denim Jeans Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Denim Jeans Market

• Levi Strauss & Co.
• VF Corp.
• The Gap, Inc.
• H&M Hennes & Mauritz AB
• Kering S.A.
• Pepe Jeans S.L.
• PVH Corp.
• Bestseller A/S
• S. Polo Assn.

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.

MICE Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 MICE Market Growth & Trends

The global MICE market size is expected to reach USD 1,563.29 billion by 2030, registering a CAGR of 7.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Companies are utilizing MICE events and incentive travel to promote their business, thereby driving local tourism. A rise in the number of B2B/B2C events sponsored by enterprises and the use of advanced technology is driving the events industry. Several countries with varied diversity and cultures are boosting their tourism sector by organizing MICE events as it acts as a source of revenue. Moreover, the increasing number of business travelers for corporate events, and exhibitions, coupled with factors, such as employee engagement, is driving the market.

An important factor that every employer considers is employee engagement. The demand for leisure travel has increased due to the emergence of flexible work environments, which, in turn, drives the growth of the market. The adoption of geo-cloning by exhibition organizers is driving the market. Geo-cloning is a strategy being investigated by organizers and exhibitors to connect with audiences locally and internationally. The idea behind geo-cloning is to replicate well-known exhibition and event brands in different parts of the world. Reed Exhibitions, a division of RELX, successfully implements geo-cloning for brands, such as EuroBLECH, RAILTEX, and PSE Europe, which contributes to the industry growth.

The industry is expected to experience growth in the interior decoration sector, which is projected to fuel demand for digitally printed wallpaper throughout the forecast period. This is due to the rising construction projects of residential and commercial buildings. The growing need for new houses as a result of the increasing population across regions is also expected to boost the market. The adoption of sustainable practices across the industry is offering players an opportunity to gain traction among consumers. Due to the influence of initiatives, such as the United Nations Climate Change Conference (COP-26) and Net Zero Carbon Events, many venues, hotels, and airlines are working toward estimating the carbon footprint resulting from their events and decreasing or offsetting their impact on the environment.

Apart from this, in accordance with their sustainability and ESG policies, event planners and clients are both aiming to develop and carry out carbon-neutral or zero-carbon events. Due to the great value millennials place on “travel and seeing the world,” younger workers choose remote employment and millennials are particularly likely to take advantage of bleisure travel. Gen Z is the first generation to be born with access to the internet, social media, and linked electronics. They have a strong appreciation for technology and are inclined to use it in a variety of ways when they travel for work. In addition, Gen Z and millennials are more concerned about global sustainability. All these factors support industry growth.

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MICE Market Report Highlights

• The meetings segment accounted for a majority share in 2022 due to its demand being driven by the increase in corporate events worldwide. During the pandemic, this section underwent a change as a result of the cancellation of significant events and lockdown orders
• In addition, the rise in popularity of regional destinations coupled with less densely populated tier cities is also driving the demand for meetings in such regions
• Asia Pacific was the biggest contributor to the industry in 2022. The expansion of this regional market is significantly influenced by the development of the travel and tourism sector
• For instance, according to World Tourism Organization, Asia Pacific saw more than triple (+230%) international arrivals in the first nine months of 2022

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MICE Market Segmentation

Grand View Research has segmented the global MICE market based on event type and region:

MICE Event Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Meetings
• Incentives
• Conferences
• Events

MICE Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the MICE Market

• Global Air-American Express Travel Services (Global Business Travel Group, Inc.)
• CWT Meetings & Events
• BCD Meetings & Events
• Maritz
• Conference Care
• ATPI Ltd.
• FCM Meetings & Events
• Global Cynergies, LLC
• Capita plc
• AVIAREPS AG
• ITL World Company (MICEMINDS)
• Questex
• Beyond Summits
• American Express Global Business Travel (GBT)
• Meetings and Incentives Worldwide, Inc.
• One10, LLC
• Creative Group, Inc.
• Cambria DMC
• Carlson Wagonlit Travel
• Ci Events

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.