Cochlear Implant Market to Incur Meteoric Growth During the Forecast Period

The global cochlear implant market size is expected to reach USD 3.4 billion by 2026, based on a new report by Grand View Research, Inc. is estimated to grow at a CAGR of around 10.5% over the forecast period. The cochlear implants market is anticipated to witness significant growth during the forecast period, which can be attributed to a favorable reimbursement scenario, rising awareness about hearing aids, and increasing adoption of implants.

Furthermore, technological advancements in cochlear implants to make the device more efficient and user-friendly can boost the demand, which is expected to propel the industry during the forecast period. For instance, in September 2016, Cochlear Ltd. launched the world’s thinnest full-length perimodiolar electrode for their cochlear implant. The thin structure of the implant electrode helps to protect the delicate structures of the inner ear.

By type of fitting, the market is segmented into unilateral and bilateral implantation. In 2018, unilateral implantation segment dominated the industry due to its availability at a low cost as compared to bilateral implantation and significant ability to localize the sound. However, bilateral implantation is anticipated to witness fastest growth during the forecast period. This can be attributed to its cost-efficiency when implanted in children, good reimbursement, and ability to improve the performance after implantation. 

Access Research Report of Cochlear Implant Market @
https://www.grandviewresearch.com/industry-analysis/cochlear-implants-industry

Further Key Findings from the Study Suggest:

• Unilateral implantation dominated the industry in 2018.This can be attributed to its low cost as compared to bilateral implantation and high demand from adults due to its cost-effectiveness.
• Bilateral implantation is the most lucrative segment of the industry. Increasing demand, ability to recognize the speech in noise, and good reimbursement are the key factors expected to drive the market during the forecast period.
• By end use, the adults segment dominated the market in 2018 and is expected to maintain its dominance during the forecast period, due to the presence of a large patient base and growing geriatric population.
• Pediatrics segment is expected to grow at the fastest rate during the forecast period. Increasing implantation at an early age, implementation of several programs & government support to provide cochlear implant to children as early as possible, and good reimbursement are the key factors expected to propel the cochlear implants market.
• Geographically, Europe dominated the industry in 2018 and is expected to maintain its position during the forecast period. This is primarily due to the conducive health infrastructure of the European Union, which allows implantation at an early age.
• Asia Pacific is anticipated to observe the fastest growth over the coming years. This can be attributed to growing awareness in the region and local presence of market players.
• Increasing awareness and growing disposable income in the Middle East region is also expected to boost the market in the region. For instance, in December 2016, Dubai based Prime hospital launched new facility to perform cochlear implant surgery.
• Several players operate in the industry. However, majority of the share belonged to the top two to three players who dominated in the industry in 2018.
• Some of the key players are Cochlear Ltd., MED-EL, Sonova, Gaes Group, William Demant Holding A/S, and Nurotron Biotechnology Co. Ltd. Development of innovative products by focusing on R&D is a key strategy has been adopted by dominant players in the market. In June 2019, Cochlear Limited received the approval from the U.S. FDA for its Cochlear Nucleus Profile Plus Series Cochlear Implant. The implant is designed for safe access to MRI scans.

Grand View Research has segmented the cochlear implants market by type of fitting, by end use, and region:

Cochlear Implants Type of Fitting Outlook (Market Revenue in USD Million, 2015 - 2026)

• Unilateral Implantation
• Bilateral Implantation

Cochlear Implants End Use Outlook (Market Revenue in USD Million, 2015 - 2026)

• Adults
• Pediatrics

Cochlear Implants Regional Outlook (Market Revenue in USD Million, 2015 - 2026)

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

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.

Autoimmune Disease Diagnostics Market Share, Growth Analysis And Industry Size Forecasts To 2025

The Report Autoimmune Disease Diagnostics Market Size & Forecast By Type (Systemic Autoimmune Disease Diagnostics, Localized Autoimmune Disease Diagnostics Disease Diagnostics), By Region, And Trend Analysis From 2018 To 2025

The global autoimmune disease diagnostics market is expected to reach a value of USD 5.0 billion by 2025, based on a new report by Grand View Research, Inc. Government organizations along with related associations strive to curb such high healthcare costs and simultaneously provide improved diagnostic and therapeutic solutions to the patients. This has resulted in increased funding by the NIH for R&D programs related to autoimmune diseases.

Moreover, presence of favorable government initiatives aimed at curbing incidence of these diseases and developing viable diagnostic & treatment options is expected to drive market growth over the forecast period.

Growing volume of autoimmune diagnostic procedures has heightened the need for instruments and facilities rendering faster and effective results. In an attempt to cater to ever-increasing procedure volumes, diagnostic laboratories are rapidly moving toward automation. Lab automation helps decrease workload via rapid turnaround times and helps generate standardized & reproducible results.

Access Research Report of Autoimmune Disease Diagnostics Market @ www.grandviewresearch.com/industry-analysis/autoimmune-disease-diagnostics-industry

Further key findings from the study suggest:

• Localized autoimmune disease diagnostics was the largest segment in 2015 owing to high usage for type 1 diabetes and idiopathic thrombocytopenic purpura
• Type 1 diabetes is estimated to grow at a significant growth rate of over 4.0% in localized disease type segment
• Systemic disease diagnostics is anticipated to witness lucrative CAGR of around 5.0% over the forecast period due to increasing R&D for the development of novel diagnostic biomarkers for the treatment of rheumatoid arthritis and systemic lupus erythematosus
• Rheumatoid arthritis is one of the most recurring autoimmune disorders further demanding high amount of rapid diagnostics for exploring better alternative treatments
• North America was the largest regional market in 2015. High market penetration rate of technologically advanced products and increased lab automation rate are some of the factors contributing to its large share
• Asia Pacific region is anticipated to grow at the fastest CAGR of above 4.0% over the forecast period owing to increasing focus on type 1 diabetes diagnosis
• Some of the key players of this market include F. Hoffmann-La Roche Ltd; Siemens Healthineers; Abbott Laboratories; Beckman Coulter, Inc.; SQI Diagnostics; Quest Diagnostics; EUROIMMUN AG; AESKU. Diagnostics; Inova Diagnostics, Inc.; Crescendo Bioscience, Inc.; bioMerieux SA; Bio-Rad Laboratories, Inc.; and Hemagen Diagnostics, Inc.

Grand View Research has segmented the autoimmune disease diagnostics market by type and region:

Autoimmune Disease Diagnostics Type Outlook (Revenue, USD Million, 2014 - 2025)

• Systemic autoimmune disease diagnostics
  • Rheumatoid arthritis
  • Ankylosing spondylitis
  • Systemic lupus erythematosus (SLE)
  • Others
• Localized autoimmune disease diagnostics
  • Multiple sclerosis
  • Type 1 diabetes
  • Hashimoto's Thyroiditis
  • Idiopathic thrombocytopenic purpura
  • Others

Autoimmune Disease Diagnostics Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

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.

Intraocular Lenses Market Size Is Predicted To Reach A Valuation Of USD 5.54 Billion By 2025

The Report Intraocular Lens (IOL) Market Analysis By Product (Monofocal, Multifocal, Toric, and Accommodative), By End User, By Region, And Segment Forecasts, 2018 - 2025

The global intraocular lenses (IOLs) market is expected to reach USD 5.54 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as rise in prevalence of cataract, increasing aging population with high risk of developing ocular conditions, and government initiatives focused on reducing instances of preventable blindness are expected to drive the market.

Benefits of premium lenses such as enhanced visualization and patient convenience are boosting their adoption globally, thereby propelling the IOLs market. However, factors such as poor reimbursement schemes for premium lenses and high post-treatment costs are challenging market growth.

Rise in diabetic population has a direct and positive impact on the demand for IOLs as these patients are more susceptible to ocular conditions such as cataract and glaucoma. Development of novel surgical options available for cataract treatment, such as advanced micro-incision surgery and femtosecond lasers are also expected to fuel the market. On the other hand, post-surgical complications such as refractive defects are expected to moderately limit market growth.

Adoption of premium IOLs is expected to increase in the coming years since they offer benefits such as higher precision, enhanced visualization, and multifocal aperture. The premium lenses segment includes multifocal, toric, and accommodative IOLs. Multifocal lenses are proving to be beneficial to patients since they offer multifocal apertures and resolve issues such as astigmatism and presbyopia. Toric IOLs are used in the treatment of astigmatism and are estimated to replace traditional incision procedures to correct vision impairments resulting from astigmatism.

On the other hand, traditional monofocal intraocular lenses are restricted to a single focal point. They are affordably priced compared to premium lenses and hence their adoption rate among standard cataract patients is higher.

North America dominated the global IOLs market. Factors contributing to its dominance include rising adoption of premium intraocular lenses and increasing number of patients suffering from cataract in the U.S.  Asia Pacific is expected to exhibit the fastest growth rate in the global IOLs market. Increasing awareness regarding advanced surgical options and efforts of government as well as non-government organizations to improve awareness on and availability of affordable eye care are factors boosting the regional market.

Access Research Report of Intraocular Lenses (IOL) Market @ www.grandviewresearch.com/industry-analysis/intraocular-lenses-industry

Further Key Findings from the Report Suggest:

• Multifocal IOL emerged as the largest product segment as a result of high adoption despite increased prices
• Hospitals accounted for the largest share among end-use segments owing to rise in cataract surgeries in hospitals. It is also expected to grow at the fastest rate
• North America dominated the market with the largest revenue share in 2016 owing to improved awareness about advanced vision impairment treatments and increasing disposable income
• Asia Pacific is projected to witness rapid growth during the forecast period owing to speedy adoption of IOLs and advanced treatments for vision repair
• Key players including Johnson & Johnson; Alcon, Inc. (Novartis AG); Valeant Pharmaceuticals International, Inc.; EyeKon Medical, Inc.; Carl Zeiss Meditec AG; Rayner; Lenstec, Inc.; STAAR Surgical; HumanOptics AG; and HOYA GROUP dominated the global IOLs market.

Grand View Research has segmented the global intraocular lenses market on the basis of product, end-use, and region:

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

• Monofocal IOL
• Multifocal IOL
• Toric IOL
• Accommodative IOL

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

• Hospitals
• Ophthalmic Clinics
• Ambulatory Care Centers
• Eye Research Institutes

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

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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.

Demand for Biomarkers Market to Incur Considerable Upsurge During 2020 – 2027

The global biomarkers market size is expected to reach over USD 129.4 billion by 2027, according to a new study conducted by Grand View Research Inc. It is anticipated to exhibiting a CAGR of 13.7%, during the forecast period. Factors, such as increasing collaborations and funds for R&D activities, rising consumer awareness, a widening patient base, and technological advancements collectively augmenting market growth.

The drug discovery segment contributed the highest revenue in 2019. Pharmaceutical companies focus on extensive R&D initiatives for the development of targeted therapeutics. Coordinated strategic efforts on biomarker development remain a searing trend among drug manufacturers, academic research institutions, commercial R&D organizations, nonprofitable health foundations, and federal government biomedical regulatory and research agencies.

North America continued to lead the biomarkers market in 2019, driven by an amplifying demand for personalized medicines, high disease prevalence, and proactive government initiatives. It is expected to maintain its lead over the forecast period. Asia Pacific is positioned to witness the fastest CAGR, over the forecast period, spearheaded by India.

Some key market players include Abbott; F. Hoffmann-La Roche Ltd.; Qiagen; Siemens Healthcare Private Limited; Thermo Fisher Scientific, Inc.; Bio-Rad Laboratories, Inc.; Johnson & Johnson Services, Inc; Agilent Technologies, Inc.; and Epigenomics AG. The players are developing novel kits and therapies and drugs to target population in the areas with high unmet clinical needs.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/biomarkers-industry

Further key findings from the study suggest:

• Safety biomarkers captured more than 41% market share in 2019, driven by increasing awareness regarding routine healthcare checkups and reduction in drug attrition
• Validation biomarkers is expected to demonstrate the fastest CAGR through to 2027
• Personalized medicine is likely to expand at a CAGR of 14.8% over the forecast period due to consumer awareness and preferences
• Cancer dominated the disease segment in 2019, driven by a high disease burden and presence of a strong pipeline
• Cardiovascular disease segment is projected to witness the fastest growth in the forthcoming years, supported by the growing obese population base and sedentary lifestyles

Grand View Research has segmented the global biomarkers market on the basis of type, application, disease, and region:

Biomarkers Type Outlook (Revenue, USD Million, 2015 - 2027)

• Safety
• Efficacy
• Validation

Biomarkers Application Outlook (Revenue, USD Million, 2015 - 2027)

• Diagnostics
• Drug Discovery & Development
• Personalized Medicine
• Others

Biomarkers Disease Outlook (Revenue, USD Million, 2015 - 2027)

• Cancer
• Cardiovascular Disease
• Neurological Disease
• Immunological Disease
• Others

Biomarkers Regional Outlook (Revenue, USD Million, 2015 - 2027)

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

 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.

Pharmacovigilance Market Strong Application and Emerging Trends also Scope by 2027

The global Pharmacovigilance Market size is expected to reach USD 13.11 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 13.2% during the forecast period. Increasing incidence of Adverse Drug Reactions (ADR) is the key growth driver. ADR imposes a substantial burden on healthcare systems and is one of the prominent causes of morbidity in developed countries. According to the National Center for Biotechnology Information (NCBI), approximately 5% of total hospitalizations in Europe each year, are due to ADR.Pharmacovigilance services play an integral role in this clinical trial phase by assisting manufacturers in identifying adverse effects associated with the drug.

According to the World Health Organization's (WHO) report on pharmaceutical consumption, medicines to treat chronic diseases accounted for a larger proportion of the total volume of drug consumption in non-hospital setups. Hence, there has been a significant rise in the number of medicines made available to healthcare consumers. Rising demand for drugs has significantly heightened the need for the development of novel therapeutics via extensive clinical trials, which is expected to serve this market with lucrative opportunities.

Moreover, leading pharma companies in developed countries are focusing on outsourcing PV services to reduce cost and to minimize operational expenses. This is anticipated to serve as an opportunity for contact research organizations in developing regions to gain more revenue share. Manufacturers are now focusing on remodeling their product development processes in an attempt to cater to patient needs across the globe. These factors are anticipated to fuel the demand for pharmacovigilance services during the forecast period.

The companies operating in the Pharmacovigilance Market are undertaking strategic initiatives, such as collaborations with the PV service providers to gain access to medical information and to manage PV workflows. For instance, in September 2019, Accenture collaborated with Bayer to implement the company's INTIENT Clinical platform to simplify and speed its drug development processes, thereby widening business. The company collaborated with BioCelebrate in 2017 to develop a platform for aggregating and analyzing clinical information for improved drug developing efficiency, thus enhancing its R&D capabilities. Such initiatives help companies maintain their market position.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/pharmacovigilance-industry

Further key findings from the study suggest:

• Phase IV held a dominant market share in 2019 owing to the extensive post-marketing surveillance of pharmaceuticals and increasing ADR incidences
• In the service provider segment, contract outsourcing held a significant market share of around 57% in 2019, owing to the shift in focus of pharmaceutical companies toward outsourcing services to reduce operational cost
• Based on type, spontaneous reporting held the largest revenue share in 2019, due to wide application of the product in pharmacovigilance along with benefits such as easy simulation of data sets for better drug comparison
• Research organizations segment is anticipated to exhibit lucrative CAGR of 13.3% over the forecast period owing to increasing R&D for the development of novel biologics and medical devices
• Asia Pacific Pharmacovigilance Market is anticipated to showcase lucrative CAGR in the forthcoming years, attributed to the availability of low-cost labor and rising number of outsourcing companies in this region
• Market participants are focusing on increasing R&D activities to develop better pharmacovigilance services. Moreover, they are adopting strategies such as new product launch, collaborations, and mergers and acquisitions to gain competitive advantage

Grand View Research has segmented the global Pharmacovigilance Market on the basis of the clinical trial phase, service provider, type, end use, and region:

Pharmacovigilance Clinical Trial Phase Outlook (Revenue, USD Million, 2016 - 2027)

• Pre-clinical
• Phase I
• Phase II
• Phase III
• Phase IV

Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2016 - 2027)

• In-house
• Contract Outsourcing

Pharmacovigilance Type Outlook (Revenue, USD Million, 2016 - 2027)

• Spontaneous Reporting
• Intensified ADR Reporting
• Targeted Spontaneous Reporting
• Cohort Event Monitoring
• EHR Mining

Pharmacovigilance End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Research Organizations
• Industrial

Pharmacovigilance Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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.

Managed Security Services Market Expected To Reach USD 60.94 Billion by 2024

The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period. 

Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016. 

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services. 

Access Research Report of Managed Security Services Market @ http://www.grandviewresearch.com/industry-analysis/managed-security-services-market

Further key findings from the report suggest:

• The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
• Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.
• Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
• The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
• Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
• Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

Grand View Research has segmented the managed security services market on the basis of type, deployment, organization, application and region:

Managed Security Services Type Outlook (Revenue, USD Million, 2014 – 2024)

• Unified threat management
• DDoS
• Managed SIEM
• Managed endpoint threat protection
• Managed two-factor authentication
• Compliance management
• Vulnerability management
• Others

Managed Security Services Deployment Outlook (Revenue, USD Million, 2014 – 2024)

• Cloud-based
• On-premise

Managed Security Services Organization Outlook (Revenue, USD Million, 2014 – 2024)

• Small and medium enterprises
• Large enterprises

Managed Security Services Application Outlook (Revenue, USD Million, 2014 – 2024)

• BFSI
• Government/Defense
• Healthcare
• Manufacturing
• Telecom & IT
• Retail
• Others

Managed Security Services Regional Outlook (Revenue, USD Million, 2014 – 2024)

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

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.

Industrial Air Filtration Market to Record an Exponential CAGR by 2027| Key Industry Participants Donaldson Company, Clarcor, Inc.

The global industrial air filtration market size is expected to reach USD 18.0 billion by 2027, growing at a CAGR of 7.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The growing demand for high-performing and energy-efficient products is expected to catapult the demand over the forecast period. Technological advancements have resulted in the manufacturing of a new filter media to meet the demand for energy-efficient products. This, in turn, has instigated the development of innovative raw materials such as small fibers and is further anticipated to provide new avenues for industry growth.

Soaring electricity consumption has led to the development of new power generation plants, which is expected to be a key factor driving the market for industrial air filtration. Furthermore, implementation of stringent government regulations in order to protect human health by limiting or eliminating airborne pollutant concentrations will further aid in catapulting the market. Enforcement of Occupational Safety and Health Act (OSHA) code is the key factor anticipated to drive the market for industrial air filtration. The OSHA standards prohibit companies from retaliating against employees for exercising their rights under the law.

Companies across the globe are turning towards sustainable alternatives and methodologies such as green manufacturing in order to improve competitive advantage and increase revenues. Similarly, governments across the globe are collaborating with numerous environmental organizations for developing standards to control harmful emissions in the region. These standards have contributed to the expansion of the market for industrial air filtration across regions.

However, lack of social responsibility and awareness may also pose a challenge to market growth. End use industries often lack their responsibility towards society and refuse to spend extra capital investment for installing an air pollution control devices, which is expected to hamper product demand over the next few years. Equipment purchase decisions are often based on the purchase price of the air filtration equipment, which is further expected to pose as a challenge to the market for industrial air filtration.

Access Research Report of Industrial Air Filtration Market@
https://www.grandviewresearch.com/industry-analysis/industrial-air-filtration-market

Further key findings from the report suggest:

• The dry scrubbers segment is expected to witness a CAGR exceeding 7.5% over the forecast period. Dry scrubbers generate minimal waste leading to the elimination of complex sanctioning procedure along with plummeting capital and operating costs
• The demand for air filters in the power segment accounted for over 19% of the global industrial air filtration market in 2019 and the segment is expected to witness a steady growth over the next seven years, as this industry has to comply with several government regulations including Environmental Protection Agency (EPA) and OSHA standards
• Asia Pacific accounted for over 25% of the overall revenue in 2019 and is expected to witness substantial growth over the forecast period, which is accredited to high penetration of these products across the metal and plastic industry coupled with increased R&D spending in the Asia Pacific food and beverage industry
• Key players, such as Honeywell International, Inc., MANN+HUMMEL, Daikin Industries, Ltd., Clean TeQ Holdings Limited, 3M, and SPX Corporation, enhanced their market position through mergers and acquisitions in order to expand their geographical reach.

Grand View Research has segmented the global industrial air filtration market based on product, end use, and region:

Industrial Air Filtration Product Outlook (Revenue, USD Million, 2016 - 2027)

• Dust Collectors
• Oil Mist Collectors
• HEPA Filters
• Cartridge Collectors & Filters (CC&F)
• Baghouse Filters
• Welding Fume Extractors
• Wet Scrubbers
• Dry Scrubbers

Industrial Air Filtration End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Cement
• Food
• Metals
• Power
• Pharmaceutical
• Agriculture
• Paper & Pulp and Woodworking
• Plastic
• Others

Industrial Air Filtration Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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.

Software Consulting Market to Incur Meteoric Growth During the Forecast Period

The global software consulting market is expected to reach USD 382.65 billion by 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for digitalization in business processes and low start-up costs associated with software consulting services are expected to drive the growth of the market.

The growing adoption of enterprise software solutions to increase productivity and efficiency of an organization is driving the demand for software consulting services for efficient installation and use of these solutions. The increasing need for the development of enterprise mobile applications and web applications is further expected to drive the demand for consultation planning, implementation, and support for applications.

Migration of IT infrastructure to cloud computing infrastructure and traditional IT solutions to mobile computing solutions are the current trends observed in the market. These trends are expected to drive the demand for software consulting services over the forecast period. Furthermore, new service providers in the market are delivering an innovative business model that redefines the existing business model.

Moreover, digital transformation across the manufacturing industries and adoption of Industry 4.0 standards are expected to drive the demand for software consulting services for installing new software based solutions and gaining insights on advanced changes made in the software solutions. Increasing number of SMEs and their demand for advanced software solutions for developing effective business models are expected to fuel the growth of the market.

Access Research Report of Software Consulting Market @ www.grandviewresearch.com/industry-analysis/software-consulting-market

Further key findings from the report suggest:

• The enterprise solution segment is expected to account for a significant market share over the forecast period owing to the increasing demand for an efficient and integrated system that minimizes operational costs.
• Increasing investments by large enterprises in advanced technologies to cope with the changing industry dynamics are expected to drive the growth of the large enterprise segment.
• The IT & telecom segment is expected to witness the highest growth in terms of revenue over the forecast period. Increasing demand for maintaining quality, security, and performance of software architecture in the IT & telecom industry are expected to drive the growth of the market.
• North America is expected to continue to dominate in the market over the forecast period owing to the presence of a large number of software consulting service providers.
• The key industry participants include Atos SE, Accenture, Capgemini, CGI Group Inc., Cognizant, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, IBM Corporation, Oracle, PwC, and SAP SE.

Grand View Research has segmented the global software consulting market on the basis of application, enterprise size, end-use, and region:

Software Consulting Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Enterprise Solutions
• Application Development
• Migration & Maintenance services
• Design Services
• Application Testing Services
• Software Security Services

Software Consulting Enterprise Size Outlook (Revenue, USD Billion; 2014 - 2025)

• Large Enterprise
• Small & Medium Enterprise

Software Consulting End-use Outlook (Revenue, USD Billion; 2014 - 2025)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Software Consulting Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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 Oven Market to Expand At A CAGR Of 2.8% throughout the Forecast Period| Key participants Sharp Corporation, Haier Group Corporation

The global microwave oven market size is anticipated to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 2.8% during the forecast period. Improving standard of living of consumers, growing number of nuclear families, and increasing demand for frozen and ready-to-eat food are some of the key factors stimulating market growth.

Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. This may be a drawback for the residential appliance market. However, this trend is estimated to boost the culture of quick service restaurants, cafes, and small eateries, which in turn will work in favor of the market.

Robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. In case of the residential application segment, the most significant driver is the changing lifestyles and food consumption preferences of people, with more consumers shifting towards ready-to-eat and frozen food.

Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.

Access Research Report of Microwave Oven Market @ www.grandviewresearch.com/industry-analysis/microwave-oven-market

Further key findings from the report suggest:

• The convection segment is poised to account for half of the overall market value by 2022
• The grill microwave oven market is anticipated to be valued at around USD 4.50 billion by 2022
• In 2016, North America was the leading revenue contributor in the market, with a valuation of around USD 3.5 billion
• The household application segment accounted for a larger revenue share in 2016 and is likely to expand at a CAGR of around 3.0% over the forecast period
• The key players in the market include Robert Bosch GmbH, Haier Group Corporation, Hobart, Hamilton Beach, Middleby Corporation Company, Whirlpool Corporation, and Sharp Corporation.

Grand View Research has segmented the global microwave oven market into product, application, structure, and region.

Microwave Oven Product Outlook (Revenue, USD Billion, 2012 - 2022)

• Convection
• Grill
• Solo

Microwave Oven Application Outlook (Revenue, USD Billion, 2012 - 2022)

• Commercial
• Household

Microwave Oven Structure Outlook (Revenue, USD Billion, 2012 - 2022)

• Built-in
• Counter top

Microwave Oven Regional Outlook (Revenue, USD Billion, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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.

Bearings Market is Estimated to Grow at Significant Rate by 2025| Top Industry Leaders JTEKT, NTN, Timken, SKF

The global bearings market size is expected to reach USD 186.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.1% during the forecast period. Bearings are essential in almost every application that involves motion and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

The bearings market is estimated to witness a considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, rising demand for commercial vehicles is expected to catapult the demand from automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor bearing operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

Access Research Report of Bearings Market@
https://www.grandviewresearch.com/industry-analysis/bearings-market

Further key findings from the study suggest:

• The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability
• Roller bearings is anticipated to emerge as the largest product segment by 2025 and outpace ball bearings, ascribed to their ability to carry heavy loads and shock or impact loading
• Railway and aerospace segment is estimated to witness the fastest CAGR of over 8.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few
• Asia Pacific is anticipated to witness the fastest CAGR of over 5.0% by 2025 attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and swift infrastructure development
• The key competitors operating in the bearings market include SKF, NSK, Timken, Schaeffler, NTN, and JTEKT. Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product

Grand View Research has segmented the global bearings market on the basis of product, application, and region:

Bearings Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Ball
  • Deep Groove
  • Other
• Roller
  • Split
  • Tapered
  • Others
• Others

Bearings Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Automotive
• Agriculture
• Electrical
• Mining & construction
• Railway & Aerospace
• Automotive aftermarket
• Others

Bearings Regional Outlook (Revenue, USD Billion, 2014 - 2025)

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

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.

Broadcast Switchers Market Revenue, Status and Outlook During 2012-2020

The global Broadcast Switchers Market is expected to reach USD 1.93 billion by 2020, according to a new study by Grand View Research, Inc. Transition to digital from traditional analog technology is expected to propel market growth over the next six years. Changing consumer preferences and favorable regulatory scenario have led to high degree of digitization and HD display adoption, which is also expected to be a key market driver over the forecast period. Operational ease during broadcasting and video transmission may favorably impact the market.

Although standard definition (SD) demand has been decreasing, digitization is expected to fuel 4K and full HD adoption; this is expected to present a sizable opportunity for companies operating in the market. Rising production automation demand is also expected to be a growth driver over the forecast period. Restraints to market growth include need for standardization as well as high cost of lighting equipment, cameras, digital audio mixers, etc.

Access Research Report of Broadcast Switchers Market http://www.grandviewresearch.com/industry-analysis/broadcast-switchers-market

Further key findings from the study suggest:

• Routing switchers accounted for over 40% of the global market in 2013; the segment is further expected to gain market share over the forecast period. Growing amount of video content has led to installation of sophisticated broadcasting products so as to provide high quality streaming. Production switchers are expected to witness high growth, and manufacturers have focused on reengineering and product development measures.
• Sports broadcasting accounted for over 20% of the market share in 2013, mainly due to demand for high resolution format. Key manufacturers have aimed to provide multi-definition switchers capable of functioning in varied environments. Growth in demand for outside broadcasting vans is expected to drive the production trucks segment over the next six years.
• North America is expected to continue being the market leader over the forecast period; it accounted for over 35% of the market in 2013. Asia Pacific is expected to be a fast growing regional market over the forecast period due to investments in broadcast infrastructure.
• Key industry participants include Sony, Snell Group, Ross Video, Broadcast Pix, Panasonic Corporation, Harris Broadcast, etc. Major vendors differ on the basis of their product offering, with innovation and establishing global presence among the key strategies employed.

Grand View Research has segmented the global broadcast switchers market on the basis of product, application and region:

Broadcast Switchers Product Outlook (Revenue, USD Million, 2012 - 2020)

• Master Control Switchers
• Production Switchers
• Routing Switchers

Broadcast Switchers Application Outlook (Revenue, USD Million, 2012 - 2020)

• News Production
• Post Production
• Production Trucks
• Sports Broadcasting
• Studio Production
• Others

Broadcast Switchers Regional Outlook (Revenue, USD Million, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

 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.

Substation Automation Market is Expected To Witness A Significant Growth Over The Forecast Period

The global substation automation market size is expected to reach USD 185.80 billion by 2024 according to a new report by Grand View Research, Inc. The increasing requirement for operation efficiency, improved quality, increased production, high uptime, and ease of monitoring and controlling the industrial process are factors that are expected to contribute to the industry growth.

The growing advancements in the smart grid technology are increasing the scope for SCADA systems. The primary factors leading to the rising adoption of the smart grid technology include improved reliability, efficiency, and sustainability of the existing power systems. They are widely used in automation technologies, which actively monitor transmission and distribution grids.

The energy and power utilities are focusing on minimizing the distribution and transmission losses, which has resulted in the increasing deployment of substation automation, driving the industry growth. Moreover, utilities across the world are facing a high requirement for improved electric service reliability and stability. They are focusing on improving the resiliency of the grid, which is contributing toward the high industry demand.

Access Research Report of Substation Automation Market @
http://www.grandviewresearch.com/industry-analysis/substation-automation-market

Further key findings from the report suggest:

• Programmable Logic Controllers (PLCs) are expected to witness a considerable growth at a CAGR of nearly 3% over the forecast period owing to the technological advancements. Developments such as miniaturization, low cost, and improved power have led to an increased adoption of PLC systems. Moreover, the surge in the technology and pricing innovation in the PLC industry, owing to the intense competition among the tier-one companies and rising customer demand, is anticipated to drive the industry over the forecast period.
• Furthermore, the communication channel segment is expected to witness an extensive growth at a CAGR of over 9% from 2016 to 2024. The rising demand for advanced communication capabilities to communicate across remote areas with an improved overall efficiency of power utilities is the major factor boosting the segment growth.
• The SCADA segment is estimated to grow at a considerable CAGR of over 9% from 2016 to 2024, owing to the increasing advancements in the smart grid technology. The primary factors leading to the rising adoption of the smart grid technology include improved reliability, efficiency, and sustainability of the existing power systems. The rising demand for the multi-touch SCADA technology across verticals such as industrial and manufacturing is further expected to spur the industry growth over the forecast period.
• Copper wire communication was a prominent communication channel, accounting for a revenue share of around 42% in 2015. The copper wire communication has observed a high adoption owing to the low initial cost of copper base metal. However, it is anticipated to lose market share due to the emergence of advanced communication platforms, such as the Ethernet and optical fiber communication. The optical fiber communication segment is expected to grow at a CAGR of nearly 10% over the next eight years. The optical fiber used in the substation automation provides advantages such as immunity to EMI/RFI; secure data communications, and a higher bandwidth that supports higher data rates over long distances.
• North America dominated the market with a significant revenue share of over 32% in 2015. However, emerging countries such as China and India are anticipated to drive the substantial demand in this region, owing to the increasing demand for energy efficiency and smart power infrastructure. The automation technology has become an integral part of the power systems worldwide. It is expected to drive power transmission and distribution, contributing to the market growth. Europe is anticipated to witness a considerable growth owing to the increasing demand for smart grid solutions in Western Europe.
• The key industry players include ABB Ltd., Cisco Systems, Inc., Crompton Greaves Ltd., Eaton Corporation Plc., General Electric Company, Larsen & Toubro Limited, Siemens AG, Schneider Electric SE, Trilliant Holdings, Inc., and Venson Electric Pvt. Ltd. The manufacturers in the market are investing profoundly in developing advanced solutions and focusing on the potential opportunities in the industry.

Grand View Research has segmented the global substation automation market on the basis of component, module, communication channel, and region:

Substation Automation Component Outlook (Revenue, USD Million, 2014 - 2024)

• Recloser controller
• Programmable logical controller
• Capacitor bank controller
• Digital transducer/smart meter
• Load tap controller
• Communication channel
• Digital relays
• Others

Substation Automation Module Outlook (Revenue, USD Million, 2014 - 2024)

• SCADA
• IEDs
• Communication network

Substation Automation Communication Channel Outlook (Revenue, USD Million, 2014 - 2024)

• Ethernet
• Power line communication
• Copper wire communication
• Optical fiber communication

Substation Automation Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
• Europe
• Asia Pacific
• Rest of the World

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.

Software Defined Radio Market Is Projected To Reach Approximately USD 39.6 Billion By 2027

The global software defined radio market size is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Rising demand for efficient transmission devices influences SDR applications. The commercial growth of software defined radio is driven by the re-configurability and interoperability of SDR for different applications. The Europe market is projected to grow at a significant rate, and would primarily be driven by the increasing need for data centers to fix issues pertaining to data flow. The software defined radio market is flourishing due to an increase in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players through the forecast period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/software-defined-radio-sdr-market

Further key findings from the report suggest:

• Cognitive radio is projected to emerge as the fastest-growing segment over the forecast period as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
• Software is expected to register the highest CAGR over the forecast period. This is attributed to the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
• Ground-based SDR systems are witnessing a surge in demand owing to the implementation of ground station receiver with Single Antenna Interference Cancellation (SAIC) technique
• UHF band frequency segment is expected to register a significant CAGR over the forecast period owing to its increasing usage in aerospace and satellite communications
• Commercial is anticipated to emerge as the fastest-growing end use segment owing to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
• The Asia Pacific market is anticipated to witness significant growth owing to the adoption of SDRs by government agencies for the development of communication networks such as Government Radio Network (GRN) by the Chinese government in the city of Beijing
• The key players in the software defined radio market include Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

Grand View Research has segmented the global software defined radio market on the basis of type, component, frequency band, platform, end use, and region:

Software Defined Radio Type Outlook (Revenue, USD Million, 2016 - 2027)

• General Purpose Radio
• Joint Tactical Radio System
• Cognitive Radio
• TETRA

Software Defined Radio Component Outlook (Revenue, USD Million, 2016 - 2027)

• Hardware
  • Antenna
  • Transmitter
  • Receiver
  • Others
• Software
• Service

Software Defined Radio Platform Outlook (Revenue, USD Million, 2016 - 2027)

• Ground
• Naval
• Airborne
• Space

Software Defined Radio Frequency Band Outlook (Revenue, USD Million, 2016 - 2027)

• HF Band
• VHF Band
• UHF Band
• Others

Software Defined Radio End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Aerospace & Defense
  • Space
  • Military
• Telecommunication
• Public Safety
• Commercial
• Others

Software Defined Radio Region Outlook (Revenue, USD Million, 2016 - 2027)

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

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.

Traction Transformer Market Expected to Collect USD 827.1 Million by the End of 2025

The global traction transformer market size is expected to reach USD 827.1 million by 2025, according to a study by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Fast pace of modern lives and surging demand for high-speed commute options are promoting several changes in rail infrastructure across the globe, including shift to technologically advanced electric locomotives. This trend is anticipated to provide a significant push to the market over the forecast period.

Furthermore, favorable government initiatives, including introduction of various policies, funding for high-speed locomotives, and implementation of safer technologies in trains, are leading to positive developments in the global rail infrastructure sector. Increasing expenditure on comfortable and convenient traveling are also encouraging several developments in rail infrastructures worldwide. These transformations are likely to result in greater demand for traction transformers in the next few years.

Growing environmental concerns regarding power consumption, costly and unsafe locomotives, noise pollution, and dependence on crude oils are impelling adoption of traction systems. Furthermore, expansion of rail transport networks for better traffic management, saving time required for commute, and providing cost-efficient services are stirring up their demand in rail systems globally.

Worldwide, rising number of rail projects is translating into increased adoption and implementation of traction transformers on a large scale. Presence of a limited number of market players offering these products has resulted in fierce competition. Resultant concentration of projects and revenue in hands of a select few companies, which often results in risk of efficiently managing supply and demand, can challenge the growth of the market over the forecast period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/traction-transformers-market

Further key findings from the study suggest:

• Traction transformers provide several benefits over conventional fossil-fuel based traction systems, including rapid acceleration, space availability, cost-efficiency, light-weight, and low power consumption
• Based on voltage network, the alternative current (AC) systems segment held the largest market share in 2018. The demand for AC traction systems is driven by increased adoption of electric locomotives for long-distance travel routes
• Based on mounting position, the machine room segment is poised to exhibit a CAGR of 5.8% over the forecast period. The growth of the segment can be attributed to maximum flexibility and low maintenance offered by equipment mounted in machine rooms
• Based on rolling stock, the electric locomotives segment commanded the highest revenue share in 2018. Upswing in the demand for electrified rail systems has played a pivotal role in high demand for electrical locomotives over the years
• Europe held the dominant share in terms of revenue in 2018. Early development of electrified rail network and favorable regulatory policies aimed at developing efficient public transport are projected to stimulate the growth of the regional market
• Prominent industry participants include Siemens, ABB, Alstom, and EMCO Limited
• These market players are engaged in offering differentiated product portfolio and in entering private-public partnerships to withstand competition. For instance, recently ABB was awarded contracts by governing bodies for the development of metro infrastructure across major metropolitan cities.

Grand View Research has segmented the global traction transformer market based on voltage network, mounting position, rolling stock, and region:

Traction Transformer Voltage Network Outlook (Revenue, USD Million, 2014 - 2025)

• Alternative Current (AC) systems
• Direct Current (DC) systems

Traction Transformer Mounting Position Outlook (Revenue, USD Million, 2014 - 2025)

• Over the Roof
• Machine room
• Under the floor

Traction Transformer Rolling Stock Outlook (Revenue, USD Million, 2014 - 2025)

• Electric locomotives
• Metros
• High-speed trains
• Others

Traction Transformer Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

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.

Collision Avoidance Sensors Market Latest Trends, Industry Growth And Forecast To 2025

The global collision avoidance sensors market size is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc., displaying a 21.2% CAGR during the forecast period. Integration of anti-collision systems in mass-market vehicles and updated safety ratings of agencies are expected to fuel market growth over the next few years.

Increasing consumer awareness and extensive focus on research and development by industry players have been major growth drivers for the market. Installation of collision avoidance systems allows vehicles to perform autonomous and semi-autonomous decision-making. Growing demand for vehicle security by consumers and government vehicle safety regulatory agencies is also expected to drive the growth of the collision avoidance sensors market.

Recent technological developments in sensors are focused on building highly sophisticated devices and augmenting their performance using various components of the vehicle.Anti-collision systems enable automotive OEMs to integrate additional intelligence to accomplish the goal of developing an autonomous vehicle.

Stringent regulatory and legal standards have mandated the addition of sensors to enhance safety features in vehicles. These are expected to drive demand for collision avoidance sensors over the forecast period. However, high cost of LiDAR-based systems and long-range radars may cause a hindrance to market growth as manufacturers of low-priced cars may refrain from installing sensors to avoid increase overall price of vehicles.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/collision-sensors-market

Further key findings from the report suggest:

• Integration of collision avoidance systems in vehicles is expected to help reduce the number of vehicle accidents due to human error; the latter are said to account for 90% of accidents, according to a 2014 UN Road Safety Collaboration study
• The radar segment is projected to account for 44.5% of the global market by 2025. Declining prices of radars have led to their increased adoption by various Original Equipment Manufacturers (OEMs) of automobiles
• Due to mandatory government regulations regarding incorporation of camera-based collision avoidance systems into vehicles, the camera segment is expected to witness high growth over the forecast period
• The Forward Collision Warning System (FCWS) segment is expected to account for a major market share by 2025 as these systems help in significantly decreasing rear-end collisions or accidents
• Over the forecast period, Europe is anticipated to retain its position as market leader in the adoption of collision avoidance sensors and systems and is anticipated to reach USD 5.80 billion by 2025
• Key market participants include NXP Semiconductors, Continental AG, Delphi Automotive, Robert Bosch GmbH, and Murata Manufacturing Co., Ltd.

Grand View Research has segmented the global collision avoidance sensors market on the basis of technology, application, and region:

Collision Avoidance Sensors Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Radar
• Camera
• Ultrasound
• LiDAR

Collision Avoidance Sensors Application Outlook (Revenue, USD Million, 2014 - 2025)

• Adaptive Cruise Control (ACC)
• Blind Spot Detection (BSD)
• Forward Collision Warning System (FCWS)
• Lane Departure Warning System (LDWS)
• Parking Assistance
• Others

Collision Avoidance Sensors Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

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.