Freeze Drying Equipment Market Set to Record Exponential Growth by 2020| Key Industry Participants Telstar S.A., GEA Niro

San Francisco, 29 October 2018: The global freezedrying equipment market is projected to reach a value of USD 35.81 billion by 2020. The freeze drying process is a modern replacement of traditional drying method and forecasted as a high growth industry, in the near future.

Dry freezing is a dehydration process, which eliminates all moisture content of a product by application of drying method followed by freezing method. The method inhibits growth of various microorganisms and contributes to a longer shelf-life of products. Various parts of the equipment include vacuum chambers and pumps, cycogenic storage area, freezing chambers and various tubes. 

The dry freezing equipment also helps in increasing longer storage period for products, preserving aroma and chemical textures of the products. These properties of dry freezing equipment have increased its demand in food and beverages industry. High demand of preserved food, rising disposable income and psychographic variance are factors that are further promoting its demand in FMCG industry. Healthcare industry is also using dry freezing equipment in preserving the quality of various pharmaceutical and biotechnological products. 

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The barriers to this industry are its high set up cost, complexity in machine-size and less adoption among many SMEs industries. The major market players of dry freeze equipment industries include SP Scientific, I.M.A, Telstar S.A., GEA Niro, and Operon. 

On the basis of usage, the dry freeze equipment market is segmented into five categories namely, bench top, industrial, general purpose, mobile and laboratory freeze dryers. As the name suggests, laboratory and bench top freeze dryers are mainly used in pharmaceutical industry. The industrial freeze dryers are used for storage of food in food and beverages industry. The mobile freeze dryers are user friendly due to its small size and mobility factor. Mobile freeze dryers, being a convenient equipment, have been continuously using by various automobiles companies and are also expected to attain high growth rate in dry freezing equipments market. The general purpose equipment is used for elimination of all moisture content from leather, flowers and food items. 

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The major buyers for dry freeze equipment belong to FMCG, biotechnology, surgical and pharmaceutical industry. The leather manufacturer and flower dealers market also contributes to dry freeze equipment consumption and acts as a niche segment. With increasing global demand for flower made and leather made items, technological advancements and high-shelf life of preserved food, presence dry freeze equipments markets is prevalent in biotechnology, pharmaceutical, surgical and food & beverages industry. 

Asia pacific is one of the fastest growing markets for dry freeze equipment with continuous expansion of food and pharmaceutical industry. Europe and North America also hold a stable position in terms of higher consumption of dry freeze equipment.

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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.

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Smart Airport Market to Surpass $25.09 Billion by 2025| Top Industry Players Honeywell International Inc., Siemens AG

San Francisco, 29 October 2018: The global smartairport market is expected to reach USD 25.09 billion by 2025,growing at a CAGR of 10.7%. according to a new report by Grand View Research, Inc. The growth can be accredited to increased penetration of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking.

Moreover, the rising demand for various technologically-advanced non-aeronautical systems, communication systems, and security systems such as electronic bag tags is expected to boost the growth over the forecast period.

Emerging technologies and devices, such as smart access control systems, fingerprint readers, and smart card technology are being increasingly implemented by airports for enhancing the overall passenger experience. Additionally, with the introduction of smartphone-based airport applications, passengers are now able to utilize real-time information, such as gate number, arrival time, direction to airport, check-in line, and flight booking.

Companies across the globe are investing heavily on IT and digital technology to effectively streamline their business processes and provide value-added services to customers. A majority of airports are now focusing on passenger self-service solutions and are planning to implement new technologies, such as the adoption of Bluetooth-enabled beacons to provide connected airport solutions.

Contemporary airport operation and business models have led to an explosive growth of the airline industry. Rising concerns of industry participants pertaining to increased competitiveness have led to a shift in focus towards a customer-centric and data-driven approach to enhance operational efficiency. Moreover, with the emergence of Airport 3.0, airports worldwide are seeking to leverage the benefits of emerging technologies with advanced capabilities.

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Further key findings from the report suggest:

·       Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions

·       Airports are increasingly expanding their airside operations by providing various services, such as in-wallet scanning, and geolocation and coordination of aircraft with real-time information on landing

·       Airports across developed regions, such as the U.S., have now started providing automated parking facilities, in order to capture a higher revenue share of the non-aeronautical operations segment

·       Asia-Pacific is estimated to emerge as the fastest-growing region over the forecast period, owing to a steep increase in passenger traffic coupled with upgrading and implementation of new technologies in airport communication and security systems

·       Major countries across Europe are adopting Bluetooth-based beacon technology to provide a personalized experience to passengers, such as indoor wayfinding and nearby promotional offers, based on data collected regarding the passengers’ spending and usage habits

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Grand View Research has segmented the global smart airport market on the basis of technology, application, location, and region:

Smart Airport Technology Outlook (Revenue, USD Million; 2014 - 2025)

·         Security Systems

·         Communication Systems

·         Passenger, Cargo, & Baggage Ground Handling Control

·         Air/Ground Traffic Control

·         Others

Smart Airport Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Aeronautical Operations

·         Non-Aeronautical Operations

Smart Airport Location Outlook (Revenue, USD Million; 2014 - 2025)

·         Landside

·         Airside

·         Terminal Side

Smart Airport Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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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.

For More Information: www.grandviewresearch.com

Power Plant Boiler Market is Expected to Reach $28.0 Billion by 2025|Key Industry Participants Dongfang Electric Corporation (DEC), Siemens AG

San Francisco, 29 October 2018: The global powerplant boiler market is expected to reach USD 28.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for electricity is expected to propel the sector growth. The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050. Moreover, the increase in population has led to rapid urbanization, especially in the developing countries. As per the United Nations World Urbanization Prospects, it is estimated that the urban population, which was 30% of the global population in 1950, is projected to reach 66% by 2050.

The growing urbanization has led to a rise in power consumption. To cope up with the rising power demand, governments across the world are on the lookout for various alternatives to boost power generation capacity. For instance, the government of India is offering power generation subsidiaries to operators to generate power through biogas. The government offers nearly USD 30 thousand per MW. The subsidy is valid only for the boiler manufacturers and steam turbine producers. Such initiatives are likely to produce modest demand for boilers over the forecast period.

Netherlands-based BDR Thermea acquired ECR International in 2016 to expand the company’s existing product portfolio in the North America market via the latter’s distribution network. Key vendors analyzedin the report are Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries, Ltd.; and General Electric (GE). Mergers and acquisitions continue to form an integral part of the market growth.

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Further key findings from the report suggest:

·       The global demand for power plant boiler market was USD 19.8 billion in 2016 and likely to reach USD 28.0 billion by 2025, at a predicted CAGR of 3.9% from 2017 to 2025

·       Subcritical technology was the largest segment in the market, accounting for over 73% of the total revenue in 2016

·       Pulverized fuel combustion was the largest process segment, in terms of revenue, in 2016. The segment is likely to be valued at USD 15 billion by 2025, indicating a CAGR of 3.9%.

·       In terms of revenue, APAC is expected to be the largest regional market at a projected CAGR of 4.7% over the forecast period

·       The industry is dominated by a few multinational corporations such Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd., and General Electric (GE)

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Grand View Research has segmented the global power plant boiler market by process, technology, fuel type, and region:

Process Outlook (Revenue, USD Million; 2014 - 2025)

·         Pulverized fuel combustion

·         Fluidized bed combustion

·         Others

Technology Outlook (Revenue, USD Million; 2014 - 2025)

·         Subcritical

·         Supercritical

·         Ultra-critical

Fuel type Outlook (Revenue, USD Million; 2014 - 2025)

·         Petroleum

·         Nuclear

·         Natural gas

·         Coal

·         Renewables

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         CSA

·         Middle East & Africa

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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.

For More Information: www.grandviewresearch.com

Track and Trace Solutions Market Size is Expected to Reach $5.2 Billion by 2025|Top Industry Players Optel Vision;Adents International

San Francisco, 29 October 2018: The global trackand trace solutions market size is expected to reach USD 5.2 billion by 2025, according to a new report by Grand View Research, Inc. The track and trace solutions market is anticipated to witness a high growth during the forecastperiod from 2016 to 2025. The high growth is attributed to a majority of factors, such as the increasing focus of pharmaceutical & biopharmaceutical companies on ensuring brand protection. The pharmaceuticals & medical devices manufacturers encounter a major threat from counterfeit products and theft. The deployment of track and trace solution helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Furthermore, rising adoption of track and trace solution by healthcare manufacturers would fuel the market growth in the long run. Introduction of advanced technology, such as RFID, provides fast reading and delivers high levels of security. However, the deployment cost of serialization & aggregation solutions, as well as lack of common regulations and standards,is expected to hamper market growth.

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Further Key Findings from the Study Suggest:

·       The software solutions segment was the largest revenue-generating segment of the track and trace solutions market in 2015. This contribution ismainly because of the regulatory mandates for the execution of serialization & aggregation in healthcare sector

·       The serialization solution was the largest grossing segment in 2015. Increasing application of serialization in pharmaceuticals & medical devices packaging will be a vital factor contributing to the sector growth

·       The RFID segment is expected to exhibit fastest growth rate during the study period. The key factors attributing to the growth of the segment are technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of line of sight

·       North America is estimated to reign the global market in the year 2015. The rising implementation of regulatory standards & regulations along with high adoption rate of track and trace solutions by consumers is anticipated to contribute to the market growth

·       Somekey players serving track and trace solutions market includeAxway; Mettler-Toledo International, Inc.; Optel Vision;Adents International; Antares Vision srl; TraceLink, Inc.;Siemens AG;ACG Worldwide,Seidenader Maschinenbau GmbH;and Systech, Inc. 

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Grand View Research has segmented the track and trace solutions market on the basis of product, technology, application, enduse, and region:

Track and Trace Solutions Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Hardware Systems

·         Software Solutions

Track and Trace Solutions Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Barcodes

·         RFID

Track and Trace Solutions Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Serialization Solutions

·         Aggregation Solutions

Track and Trace Solutions End-user Outlook (Revenue, USD Million, 2014 - 2025)

·         Pharmaceutical Companies  

·         Medical Device Companies   

·         Others

Track and Trace Solutions Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

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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.

For More Information: www.grandviewresearch.com

Password Management Market to Grow at CAGR of 19.4% through 2025| Key Industry Participants NetIQ, and SailPoint Technologies

San Francisco, 29 October 2018: According to a report published by Grand View Research, Inc.; the passwordmanagement market is expected to reach a valuation of around USD 2.05 billion by 2025.

Factors such as rise in complexity of compliance, and risk management setting in businesses can propel the market over the forecast period (2015 to 2025). Additionally, stringent and complex password creating rules and guidelines provided by government are expected to support the market growth.

These services can be beneficial to enterprises as well as individual users as a security tool for their devices and accounts. Also, it is widely used by end users to audit, secure, monitor, and manage the activities associated with privileged accounts. Need for these services has increased due to rising transactions over internet. Password helps to protect online information like emails, medical records, bank accounts, and other. In addition, it can be used to monitor, audit, and manage the activities connected with privileged accounts. Increasing cases of cyber attacks and data breaches have increased the need for individual users and enterprises to protect their data. For instance, as per Cybersecurity Ventures and Thycotic, more than 3.0 billion passcodes and user credentials were stolen in 2016. In addition, breaches happened in 2015 with several organizations including Home Depot, TJX, Target, and Heartland Payment systems have created remarkable awareness about using password for all online account.

The worldwide password management market can be segmented on the basis of type, access, organization, end user, and region.

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Based on type, the market can be classified into self-service and privileged.

The self-service segment estimated for the largest market share in 2016. These solutions allow users to reset and manage their passwords on their own without seeking help from the helpdesk. The privileged segment is likely to show high growth in the coming years. These solutions offer advanced security to privileged users by implementing techniques such as frequent passcode randomization, privileged session recording, and automated password resets.

On the basis of access, the market can be categorized into mobile devices, desktops and laptops, voice enabled password systems, and others.

In 2016, desktops and laptops segment appeared as major segment and projected to occupy more than 35.0% of total revenue by 2025.

The mobile devices segment is expected to exhibit high CAGR of 19.8% during 2017 to 2025. Growing trend of BYOD is expected to boost this segment. These solutions are intended to protect mobile devices from possible threats even the device is in offline mode.

As per organization, the market can be bifurcated into enterprise and small and medium organization.

Based on end user, the market can be split into education, BFSI, healthcare, public sector and utilities, manufacturing, telecom and IT, retail and wholesale distribution, and others. In 2016, The BFSI segment reported as a largest segment. Since banking and financial institutions maintains sensitive information related to assets.

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Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

In 2016, North America estimated for the major revenue share over 38.0% of the total market due to increasing application across end-user industries. In addition, continuous technological advancements in cloud technologies, analytics, and emergence of bring your own devices (BYOD) are likely to drive the market significantly in this region.

Asia Pacific is likely to display a CAGR of 20.9% during 2017 to 2025 owing to growing small and medium organizations in the region and several progresses across major countries, particularly in terms of BYOD trends and internet of things (IoT). Additionally, rapid infrastructure development and increasing technology user base across this region is also expected to fuel the market growth. Countries including Japan, China, and India have been undergoing robust economic growth, which will fuel the market growth.

Prominent companies operating in the market include Quest Software Inc.; Knowledge Secure Systems Ltd.; CA Technologies Inc.; Microsoft Corporation; and Avatier Corporation.

The market is extremely competitive due to presence of numerous players.  The companies are implementing strategies such as acquisition, collaboration, and development of innovative solutions to sustain in the competition.

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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.

For More Information: www.grandviewresearch.com