Grow Light Market Poised to Expand at a Robust Pace Over 2025|Key Industry Participants AeroFarms (U.S.), Illumitex, Inc. (U.S.)

San Francisco, 23 November 2018: The global grow light market is anticipated to reach USD 8.64 billion by 2025, growing at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season.

According to the UN, by 2050, around 80 percent of the world's population will live in cities. People continuously move into cities to get access to training, service, jobs, culture and entertainment and all the other things cities’ offer. This means that the demand for food is increasing in these areas at the same time as the availability of arable land around cities is very limited.

Artificial lighting helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

The U.S. government has increasingly started to legitimize cannabis plantation across various states. With this initiative, cannabis cultivation is on a verge to become a big business in some parts of the country. Cannabis growers prefer Controlled-Environment Agriculture (CEA) to enhance product quality and yield. This set up consumes a high amount of electricity. As government officials and power companies are trying to convert this into a green industry, they are encouraging the use of LEDs to reduce power consumption and greenhouse gas emissions.

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Further key findings from the report suggest:

·       The escalating urban population and lack of arable land around cities is expected to drive the market.

·       The plasma technology segment is expected to portray high growth rate with a CAGR of 23.2% over the projected period

·       New installations and replacement lights, increasing urban cultivation, increasing vertical farming and government initiatives are expected to be the drivers of the market over the forecast period.

·       The Asia Pacific regional market is expected to have significant growth over the forecast period, owing to the technological advancement and commercial vertical farms

·       The key players of the market include AeroFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Gavita Holland bv (U.)

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Grand View Research has segmented the grow light market based on application, product, system, technology, installation, spectrum, and regions:

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

·         Indoor Farming

·         Vertical Farming

·         Commercial Greenhouse

·         Others

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

·         < 300 Watt

·         > 300 Watt

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

·         Hardware

·         Software

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

·         High Intensity Discharge (HID)

·         LED

·         Fluorescent

·         Plasma

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

·         New Installation

·         Retrofit

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

·         Partial Spectrum

·         Full Spectrum

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

·         North America

·         Europe

·         Asia Pacific

·         South America

·         Middle East and Africa (MEA)

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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

In-vitro Toxicology Testing Market Comprehensive Study by Key Players Thermo Fisher Scientific, Inc.

San Francisco, 23 November 2018: The global in-vitro toxicology testing market size is expected to reach USD 26.98 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 11.4% during the forecast period. Technological advancements in computational biology along with introduction of novel efficient algorithms help in conduct of efficient stimulation of in-silico animal models. This, in turn, has significantly curtailed the need for animal models for clinical studies, thereby providing a fillip to the market.

Furthermore, scientists are increasingly engaging in enhancing the efficiency of databases that are designed to catalog vast information for toxicity profiling. This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period.

Growing inclination of government toward non-animal test and consequent establishment of guidelines on the use of alternative test assays for pre-clinical research and toxicology testing is expected to bolster the adoption of in-vitro toxicological tests.

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Further key findings from the report suggest:

·       The pharmaceutical and cosmetic industries represented considerable cumulative share in 2016. As toxicological testing is the pre-requisite step in the development of any pharmaceutics as well as cosmetic products, these segment held the largest share

·       Cell culture technology is estimated to be the largest segment in terms of revenue owing to integral role of cell culture in clinical studies

·       Omics technology is anticipated to exhibit the highest CAGR during the forecast period. Rising awareness regarding the merits of the technology such as high accurate and rapid toxicology assessments is supplementing the growth of the segment

·       On the basis of application, cellular assays held the leading share in the market owing to constant development in cell culture techniques

·       North America dominated the market in 2016. On the other hand, Asia pacific is expected to register a noteworthy CAGR during the forecast period

·       Rapid advancements in health care infrastructure coupled with improving economic conditions in Asian countries are expected to drive the market in APAC

·       Some of the key participants in the market are Abbott; Bio-Rad Laboratories; and Thermo Fisher Scientific, Inc. These participants are engaged in collaborations with clinical research organizations and pharmaceutical industry.

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Grand View Research has segmented the global in-vitro toxicology testing market on the basis of technology, method, application, end-use, and region:

In-vitro Toxicology Testing Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Cell Culture Tech

·         High Throughput Tech

·         Molecular Imaging

·         OMICS Tech

In-vitro Toxicology Testing Method Outlook (Revenue, USD Million, 2014 - 2025)

·         Cellular Assay

·         Biochemical Assay

·         In Silica

·         Ex-vivo

In-vitro Toxicology Testing Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Systemic Toxicology

·         Dermal Toxicity

·         Endorine Disruption

·         Occular Toxicity

·         Others

In-vitro Toxicology Testing End-use Outlook (Revenue, USD Million, 2014 - 2025)

·         Pharmaceutical Industry

·         Cosmetics & Household Products

·         Diagnostics

·         Chemicals Industry

·         Food Industry

In-vitro Toxicology Testing 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

Liquid Handling Technology Market to Grow at CAGR of 8.5% through 2025| Key Industry Participants Eppendorf AG, Hamilton Company

San Francisco, 23 November 2018: The global liquid handling technology market is expected to reach USD 5.54 billion by 2025, according to a new report by Grand View Research, Inc. Major pharmaceutical and biopharmaceutical companies are rapidly integrating robotic solutions including automated liquid handling workstations to enhance their workflows, which in turn, is expected to drive the market growth in the coming years.

The investment by pharmaceutical companies in global drug development continues to increase. Clinical trials for the robust drug pipelines of these companies is projected to further increase the investments in R&D. These pharma players are competing to sustain the growing competition in the pharmaceutical industry. As a result, companies are more focused on eliminating errors, reducing processing steps, and fulfilling standard regulatory conditions to accelerate their workflows. As advanced liquid handling platforms provide all these benefits, demand for automated liquid handling workstations is expected to increase significantly during the forecast period.

Technology advancements in liquid handling solutions has led to the development of liquid handling systems that perform serial dilution, plate replication, PCR set-up, plate reformatting, and high-throughput screening more efficiently. Emerging fields such as genetics, epigenetics, and single cell analysis are identified with high potential applications in drug discovery, cancer research, and molecular diagnostics. Rising research activities in aforementioned domains are expected to foster advancements in this market.

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Further key findings from the report suggest:

·       Consumables accounted for the largest revenue share in 2017 owing to the high volume sales and higher market penetration

·       However, the entry of third-party manufacturers which provide plastic consumables such as disposable tips, compatible with automated systems at a lower cost is expected to hinder the growth of this segment to a certain extent in the coming years

·       Automated workstations are expected to grow at fastest pace owing to the continuous increase in complicated research projects that require sophisticated instruments

·       Growing trend of outsourcing pharmaceutical services to save time and resources is expected to boost the adoption of these solution in CROs

·       Rapid adoption of advanced genetic technologies, the high cost of hiring skilled professionals, and presence of key players are some key factors that are attributive to the largest share of North America in 2017

·       However, Asia Pacific is expected to witness the fastest growth over the forecast period owing to the rising interest of global companies and research communities in emerging economies of this region

·       Substantial economic developments in these countries has resulted into rise in investments in life science, medicine, and pharmaceutical sectors

·       Progress in these sectors is anticipated to propel the demand automated technology at various levels from low-to-high throughput applications in the Asian market

·       Some key players operating in this market include Beckman Coulter, Inc., Agilent Technologies, Eppendorf AG, Hamilton Company,

·       These players are involved in the development of novel technology platforms to support the changing liquid handling needs of various end users.

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Grand View Research has segmented the global liquid handling technology market report on the basis of product, type, application, end user, and region:

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

·         Automated Workstations

·         Small Devices

·         Consumables

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

·         Automated Liquid Handling

·         Manual Liquid Handling

·         Semi-Automated Liquid Handling

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

·         Drug Discovery & ADME-Tox Research

·         Cancer & Genomic Research

·         Bioprocessing/Biotechnology

·         Others

End User Outlook (Revenue, USD Million; 2014 - 2025)

·         Academic & Research Institutes

·         Pharmaceutical & Biotechnology Companies

·         Contract Research Organizations

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

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa (MEA)

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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

Attractive Market Opportunities in the Automotive Refinish Coatings by 2024|Key Industry Participants PPG Industries, AkzoNobel

San Francisco, 23 November 2018: According to a report published by Grand View Research, Inc.; the automotive refinish coatings market is expected to reach a valuation of around USD 14.88 billion by 2024. Rising demand for passenger cars in emerging economies and aftermarket modifications can propel the market growth over the forecast period (from 2016 to 2024). Increasing use of automotive refinish coatings in automotive repair, maintenance, and aftermarket painting for greater visual appearance and surface protection can drive the market in the coming years. Technological progressions and continuous product development for improving the performance of refinish coatings is also expected to boost the market growth in the coming years.

Furthermore, increasing government initiatives to reduce VOC emissions and development of eco-friendly technology can create new opportunities in the market during the forecast period. Increasing use of waterborne and UV-cured coatings due to their zero VOC emissions can supplement the market expansion. However, increasing spending on infrastructure development and fluctuating prices of raw materials can hamper the market growth. The global automotive refinish coatings market can be segmented on the basis of resin type, technology, product, vehicle age, and region. Based on resin type, the market can be categorized into acrylic, alkyd, polyurethane, and, others.

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In 2015, acrylics segment accounted for 21.1 % of the total volume and is projected to expand further during forecast years due to its rising usage in waterborne technology. Based on technology, the market can be classified into solventborne, waterborne, and UV-cured. In 2015, the solventborne technology held 49.6 % of the total volume. However, it is expected to have sluggish growth due to strict regulations about VOC emissions. On the other hand, development of high solid formulations, which provides high-quality finish along with reduced emissions, can boost the segment growth. The UV-cured segment is estimated to have a significant growth in terms of volume and is said register a CAGR of 5.8 % from 2016 to 2024. This growth is attributed due to the availability of custom colors, faster cure time, and greater performance at affordable price.

On the basis of product, the market can be segmented into primer, filler, basecoat, topcoat, and others. The topcoats segment accounted for over 35% of the overall volume and likely to show high growth due to its high durability and chemical stability. The vehicle age segment includes vehicles aged between 5 and 10 years, <5 years, and >10 years. Geographically, the market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2015, Asia Pacific led the market and accounted for 42.3 % of the overall revenue. The lack of safety laws along with underdeveloped road networks and increasing demand for vehicle repair and modification in Asia Pacific is likely to have a positive impact on the regional market growth.

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Presence of automotive manufacturers in countries including Japan, China, and India coupled with a rise in sales of passenger cars is expected to drive the regional market. China is expected to show high growth during the projected period due to rising automobile production. Middle East and Africa is anticipated to witness high volume gains with a CAGR of 5.5% from 2016 to 2024 on account of high demand for maintenance of luxury vehicles and performance vehicles in Saudi Arabia and UAE.

In 2015, North America held 22.8% of the overall revenue and is anticipated to have a substantial growth in the coming years due to rise in demand for repair, maintenance, and customization. Latin America is likely to exhibit strong revenue growth at a CAGR of 6.6% from 2016 to 2024 due to increasing sale of vehicles in Brazil, Columbia, and Argentina. High occurrence of road accidents coupled with increasing trend of recreational vehicles in Brazil will boost the market. Leading companies operating in the market include BYK-Gardner GmbH, Axalta Coating Systems, Valspar Corporation, Berger Paints India Ltd., and NOROO Paint & Coatings Co. Ltd.

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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

Baby Product Market is Estimated to Grow at a CAGR of 6.9% by 2025|Top Industry Players Johnson & Johnson Plc, Unilever Plc

San Francisco, 23 November 2018: According to a report by Grand View Research, Inc.; the global baby products market is anticipated to reach USD 121.0 billion by 2025. Changing lifestyles and expendable income are the primary market drivers. Growing requirement for baby food rich in protein, carbohydrates, iron, and vitamin is anticipated to further propel demand over the forecast period (2014 to 2025).

Increasing birth rate and number of working mother are expected to surge demand for various baby products. Growing awareness regarding health of infants and availability of baby products can further fuel market growth over next few years. Rapidly changing lifestyle among consumers particularly in developing countries is likely to encourage adoption of convenience oriented routine. This factor is anticipated to bode well for market expansion during the forecast period.

Awareness among parents regarding various baby foods and other products through print and electronic media programs can fuel market over the next few years. Favorable initiatives from government and non-government organizations to promote baby hygiene is likely to positively influence market expansion over the forecast period. Continual technological advancements in manufacturing processes to maintain high quality and hygiene is anticipated to give fillip to demand for baby products.

High demand for convenience and safety products including car seats and strollers can augment growth of market during the forecast period. However, high manufacturing costs owing to numerous quality checks can restrict expansion of the market to a certain extent. Manufacturers are required to meet basic rating criteria for safety and quality of products while manufacturing baby products. This factor can obstruct growth of the market during the forecast period.

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The worldwide baby products market can be segregated on the basis of product type and region. Based on product, the market can be categorized into baby food, toiletries and cosmetics, baby food, and baby safety and convenience. In 2015, cosmetics and toiletries dominated the market and accounted for around 48% market share. Major players are expected to focus on innovation to develop advanced compositions, designs, and performance with the help of improved technology.

In addition, governments in emerging economies are likely to promote baby care programs to educate parents regarding the benefits of using baby products. This factor is estimated to fuel growth of the overall market during the forecast period. The segment can be divided further into bath, skin care, and hair care. High demand for these products to protect babies from irritation, dry skin, and similar problems can positively influence product demand.

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The baby food segment accounted for market share equivalent to USD 20 billion in 2015. Demand for frozen food, milk products, snacks, juices, and cereals is projected to fuel expansion during the forecast period. In addition, rising awareness among parents regarding benefits of infant food can further augment growth in the forthcoming years.

Regional segmentation includes Europe, North America, Asia Pacific, Central and South America, and Middle East and Africa. In 2015, U.S. dominated the North America market and accounted for around 70% market share attributed to availability of high-value items. Online availability of baby items is likely to further boost regional sales during the forecast period. Local manufacturing companies are expected to engage in innovation to produce technologically advanced products at affordable prices. In addition, attractive packaging and product modification to cater to needs of regional customers is anticipated to drive demand over the forecast period.

Asia Pacific was valued at 17.64 billion in 2015 owing to food safety incidents in the region. Changing lifestyle and rising urbanization is predicted to fuel regional market growth during the forecast period. In addition, rising disposable income of families attributed to growing female workforce can positively influence market in the region.

Some of the leading companies baby products market are Kimberly-Clark Corporation, Procter & Gamble Company, Johnson & Johnson Plc, Nestle S. A., and Unilever Plc. Intense competition is likely to encourage producers to focus on product differentiation, innovation, and affordable pricing structure. Hence, companies are expected to invest in R&D activities to maintain market share and achieve sustainable growth.

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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