Barge Transportation Market Significant Profits Estimated to be Generated by 2025

The global barge transportation market size is anticipated to reach USD 140.62 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 3.4% during the forecast period.

The market is projected to witness significant growth over the forecast period, thanks to growing intermodal transportation in several industries including petrochemicals, crude oil, and food processing. Several initiatives undertaken by various governments to encourage inland water transport and continued investments being made by various governments to develop inland water transport infrastructure. North America is expected to offer tremendous growth opportunities for the barge transportation market owing to presence of several barge manufacturers and service providers, growing exports and imports, and abundance of waterways.

Barge transportation can be considered a cost-effective and high-capacity mode of transportation as compared to other modes of transport, such as road, rail, and air. Barges can support higher loads and ensure safety, particularly when it comes to transportation of large volumes of cargos. As a result, adoption of barges is expected to increase over the forecast period.

Increasing spending on research and development activities and subsequent advancements in technology are resulting in development of technologically advanced barges. LNG-fired barges are emerging as an environmentally-friendly alternative for conventional barges powered by diesel engines. Advancements in communication and navigation technologies coupled with growing adoption of IoT and other smart technologies are triggering the efficiency and safety factor of barges.

The barge transportation market remains highly vulnerable to developments in the end-use industries, particularly the crude oil and petrochemicals industries. The growth in the petrochemical industry and emerging opportunities in ethanol production are expected to positively influence the growth of the market. For instance, Kirby Corporation has recently acquired Higman Marine, Inc. owing to increasing opportunities in petrochemical and ethanol transportation activities.

Access Research Report of Barge Transportation Market @ www.grandviewresearch.com/industry-analysis/barge-transportation-market

Further key findings from the report suggest:

·       The demand for barges is projected to increase significantly in line with growth in economy and rising demand for petrochemicals

·       The demand for tank barges is rising due to increasing demand for crude oil and growing production of ethanol. Burgeoning output of shale oil in the U.S. is expected to increase adoption of barges for transportation

·       Barge manufactures are focusing on developing technologically advanced products that can ensure safety of cargo throughout the transportation

·       The dry cargo segment is expected to hold the largest market share and expand at a CAGR of 2.9% from 2018 to 2025

·       The liquid cargo segment is projected to grow at the highest CAGR over the forecast period.

·       A large number of barge manufacturers are located in North America and Europe, as these regions have well developed waterways. The two regions account for sizeable cumulative share in the global market

·       Key players in the market include Campbell Transportation Company, Inc.; Alter Logistics; American Commercial Lines LLC; Heartland Barge; and Kirby Corporation; SEACOR Marine Holdings Inc.

Grand View Research has segmented the global barge transportation market on the basis of type of cargo, barge fleet, application, barge activities, and region:

Barge Transportation Type of Cargo outlook (Revenue, USD Million, 2014 - 2025)

·         Liquid cargo

·         Gaseous cargo

·         Dry cargo

Barge Transportation Barge Fleet outlook (Revenue, USD Million, 2014 - 2025)

·         Covered barge

·         Open barge

·         Tank barge

Barge Transportation Application outlook (Revenue, USD Million, 2014 - 2025)

·         Coal

·         Crude and petroleum products

·         Liquid chemicals

·         Food pulp and other liquids

·         Agricultural products

·         Metal ores and fabricated metal products

·         Pharmaceuticals

·         Dry and gaseous chemicals

·         LPG, CNG, and other gaseous products

·         Electronics and digital equipment

·         Others

Barge Transportation Barge Activities Outlook (Revenue, USD Million, 2014 - 2025)

·         Intracoastal transportation

·         Inland water transportation

Barge Transportation Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         South America

·         MEA (Middle East and Africa)

Access Press Release of Barge Transportation Market@ www.grandviewresearch.com/press-release/global-barge-transportation-market

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

Process Spectroscopy Market Significant Profits Estimated to be Generated by 2025

The increasing adoption of various spectroscopic techniques in a variety of industrial applications, including chemicals, oil & gas, pharmaceutical, and food and agriculture, is expected to propel the overall market growth.

The global process spectroscopy market size is estimated to reach USD 25.10 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.5% during the forecast period. Growing efforts in the pharmaceutical industry to undertake advanced research and development is leading to increased adoption of various spectroscopy techniques over the forecast period.

Moreover, the need to abide by the necessary specifications to maintain the standard and quality specifications is pushing the manufacturers and packaging industries to adopt spectroscopic techniques, eventually, catapulting the demand for process spectroscopy to instigate further growth.

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Process spectroscopy market by technology, 2015 (USD Billion)

                                                        

The technology segment is further categorized into molecular, mass, and atomic technologies. The molecular technology segment held maximum market and revenue in 2015 and is estimated to maintain its dominance over the coming years.

Furthermore, the molecular technology has led to the evolution of different technologies such as Near Infrared (NIR), Fourier-Transform Infrared (FT-IR), Nuclear Magnetic Resonance (NMR), and Raman spectroscopy. The ever-increasing demand and growing adoption of Raman spectroscopy is playing a respectable role in flourishing the global market.

The key industry players, such as ABB Group, Shimadzu Corporation, Sartorius AG, and Kett Electric Laboratory in the North American, European, and the Asia Pacific continents, have been extensively investing in R&D of spectroscopy technologies and related techniques. These innovations are generating a substantial demand for spectroscopy equipment in several industrial applications across the globe.

The growing adoption of technology in pharmaceutical and food & agriculture applications across the Asia Pacific region has led to the enhanced growth over the projected period. The demand arising from these nations coupled with the established oil & gas sector in the Middle Eastern region is another factor, playing a key role in attracting the applications of process spectroscopy, therefore, paving the way for a better and continuously growing future of the process spectroscopy market across the globe over the estimated time.

Access Press Release of Process Spectroscopy Market@ www.grandviewresearch.com/press-release/global-process-spectroscopy-market

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

Automotive Sunroof Market Top Players, Segments, Cost Structure, Demand, Sales by 2025

The global automotive sunroof market size is expected to reach USD 11.12 billion by 2025, according to a new study by Grand View Research, Inc., expanding at a CAGR of 6.9% during the forecast period. Initially, the sunroof feature was limited only to luxury vehicles. However, its growing popularity among consumers prompted several automakers to consider it as a differentiating feature. Rising popularity of sunroof feature coupled with continual advancements in glass technology is anticipated to provide a significant boost to the market.

Demand for convertible cars has been plummeting since the past few years owing to factors such as lesser agility and safety and higher costs as compared to hardtop vehicles. When it comes to hardtop vehicles, demand for sport utility vehicles (SUVs) has been rising tremendously owing to benefits they offer, such as improved stability and safety coupled with better utility. Furthermore, SUVs are increasingly being fitted with sunroofs. This shift in consumer preference is estimated to boost the demand for glass sunroof systems.

Development of glass materials that can safeguard against ultra-violet (UV) rays has allowed automakers to introduce wider glass sunroof systems. Given that glass sunroof systems are now occupying a larger section of roof’s surface, they are allowing more light that is natural, thereby better illuminating the interiors of the automobiles and augmenting level of comfort for passengers. However, concerns regarding glass shattering in events of rollovers or accidents are poised to hinder the growth of the market.

To Request A Sample Copy Or View Summary Of This Report:
https://www.grandviewresearch.com/industry-analysis/automotive-sunroof-market

Further key findings from the study suggest:

·       The glass sunroof segment dominated the market in 2016 owing to growing popularity of panoramic sunroofs. The segment is likely to command about 87.0% of the overall revenue by 2025.

·       While sunroof systems can enhance the aesthetic factor of automobiles, innovations such as solar sunroof systems can open opportunities to harness renewable energy and reduce carbon footprints of automobiles. Such innovations are projected to shape the future of the market

·       Sunroofs are being gradually offered in the mid-segment vehicles as an optional feature. The market for mid-segment vehicles is expected to progress at a CAGR of 7.0% during the forecast period.

·       Asia Pacific is expected to witness the highest CAGR of 7.8% during the same period. Rising automobile production and increasing demand for premium and luxury vehicles are contributing to the growth of the region.

·       Webasto Group; Inalfa Roof Systems Group B.V.; Inteva Products; Magna International Inc.; and AISIN SEIKI Co., Ltd. are some of the leading market players in the automotive sunroof market.

Grand View Research has segmented the global automotive sunroof market based on product types, vehicle types, and regions:

Automotive Sunroof Product Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Glass sunroof

·         Fabric sunroof

Automotive Sunroof Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Mid-segment vehicles

·         Premium & luxury-segment vehicles

Automotive Sunroof Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

o    Japan

·         South America

o    Brazil

Access Press Release of Automotive Sunroof Market@ https://www.grandviewresearch.com/press-release/global-automotive-sunroof-market

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

Biometrics Technology Market to Penetrate Untapped Regions During 2018 - 2025

The global biometrics technology market size is likely to reach USD 59.31 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 19.5% during the forecast period. Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period.

Widening scope of applications of biometrics technology in consumer electronics, in order to improve customer experiences, is poised to augment the market over the same period. Incorporation of biometrics technology into e-commerce applications can enable secure transactions and unfold ample growth opportunities to the market. High initial investment cost is anticipated to hamper growth prospects.

Biometrics technology is being increasingly acknowledged for e-passport programs and to keep a check on illegal migrations. Government organizations and defense services are further expected to experience sharp rise in the demand for the technology. In addition, it is used in banking and finance to increase efficiency and to prevent frauds. This is further likely to positively influence the growth of the market.

To Request A Sample Copy Or View Summary Of This Report:
https://www.grandviewresearch.com/industry-analysis/biometrics-industry

Further key findings from the report suggest:

·       The transport/logistics segment emerged as the leading end-use segment in 2017 and is projected to exhibit a CAGR of 18.1% over the forecast period

·       The non-AFIS segment accounted for 38.1% of the overall market revenue in 2017. The technology is used in various enterprises to enable authorized access, owing to its accuracy and efficiency. AFIS applications are also poised to register a significant CAGR during the forecast period, owing to its use in fingerprint and palm identification for many civil applications

·       North America was the largest regional market in 2017. Biometrics technologies are used in various departments in the U.S., owing to their strict security standards

·       Asia Pacific is also anticipated to contribute significantly to the global market, due to increasing use of the technology in countries such as India, China, and Indonesia

·       The key market participants include Accu-Time Systems, Inc.; BIO-key International, Inc.; David-Link; EyeVerify, Inc.; and FaceFirst.

Grand View Research has segmented the global biometrics technology market based on application, end-use, and region

Biometrics Technology Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Face

·         Hand geometry

·         Voice

·         Signature

·         Iris

·         AFIS

·         Non-AFIS

·         Others

Biometrics Technology End-use Outlook (Revenue, USD Million, 2014 - 2025)

·         Government

·         Banking and Finance

·         Consumer Electronics

·         Healthcare

·         Transport/Logistics

·         Defense & Security

·         Others

Biometrics Technology Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    U.K.

o    Germany

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

·         Middle East & Africa

Access Press Release of Biometrics Technology Market@ https://www.grandviewresearch.com/press-release/global-biometrics-technology-market

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