Americas Range Hood Market Trends, Growth Prospects To 2028: Grand View Research Inc.

 Americas Range Hood Market Growth & Trends

The Americas range hood market size is expected to reach USD 6.11 billion by 2028, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Changing lifestyles, exposure through traveling, and design innovations have set the pace for new modern standards of living. With higher spending capability as well as improved infrastructure facilities, the need for comfort in the kitchen has triggered a positive impact on the market.

The growing home values have doubled homeowner equity, indicating a trend of homeowners feeling richer and disposed towards spending money on home improvement. The online home remodeling platform Houzz reported a 58% uptick in the project leads for home professionals in June 2020, as compared to the same month the previous year. Similarly, kitchen and bath remodeling projects picked up by 40%, according to the agency. According to Home Improvement Research Institute (HIRI), home improvement spending by Americans was likely to reach USD 439.9 billion in 2020, incurring a rise of 8.7% in spending.

With an increasing number of families considering the kitchen as a central gathering place in the home, the focus on renovating and improvising the area has been growing. For instance, the 2019 U.S. Houzz Kitchen Trends Study found that spending on both median and large kitchen remodels increased by 10% from 2018. Furthermore, an increasing number of millennials are buying homes, particularly older homes that require more repairs. According to studies by HomeAdvisor, millennials are investing in a greater number of home improvement projects each year compared to other age groups.

The increasing infrastructural developments, as well as new building permits in the region, are expected to boost the market growth. According to the U.S. Census Bureau, privately-owned housing units authorized by building permits in November 2020 were at a seasonally adjusted annual rate of 1,639,000. This is 6.2% (±1.5 percent) above the revised October rate of 1,544,000 and is 8.5% (±1.8 percent) above the November 2019 rate of 1,510,000. Moreover, rapid construction in the commercial segment, particularly the hospitality sector, is also driving the demand for kitchen range hoods. The hotel industry is a key supporting factor to the region’s hospitality sector, driving the construction of more hotels. The booming tourism and real estate industries, accompanied by various infrastructural developments in the hospitality sector, will continue to spur the market for kitchen ventilation over the forecast period.

Under-cabinet product held over 42.7% of the Americas range hood revenue in 2020. These are the most common range hoods as the design of an under-cabinet venting system is simple and versatile to fit any kitchen style or design. The current trend of open shelves in a kitchen, as opposed to upper cabinets, is drawing more attention toward the installation of such range hoods. New trends and innovation in range hoods have created immense opportunities in the market concerning product installation and design. For instance, AKDY, a manufacturer of high-end kitchen and bath appliances, introduced the Under Cabinet Range Hood Collection containing detailed 3D drawings that can be used in kitchen remodeling projects.

The key companies of the industry include Whirlpool Corporation, Broan-NuTone, LLC, GE Appliances, a Haier company, Robert Bosch GmbH, Haube Range Hood Co., KOBE Range Hoods, Victory Range Hoods, Proline Range Hoods, Faber US and Canada, and Vent-A-Hood® Ltd.

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Americas Range Hood Market Report Highlights

• Canada is expected to register the fastest CAGR of 4.5% from 2021 to 2028. Steady growth in the number of foodservice joints and residential construction projects are the main factors driving the demand for range hoods
• Kitchen stops distribution channel dominated the market by contributing over 57.7% in the revenue in 2020
• The residential end-user segment held the largest market share in 2020, contributed more than 85.7% of the total revenue owing to its higher penetration across households

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Americas Range Hood Market Segmentation

Grand View Research has segmented the Americas range hood market based on product, end-user, distribution channel, and region:

Americas Range Hood Product Outlook (Revenue, USD Million, 2016 - 2028)

• Under Cabinet
• Wall Mounted
• Ceiling Mount

Americas Range Hood End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

Americas Range Hood Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Kitchen Stops
• Supermarkets & Hypermarkets
• Specialty Stores
• Local Kitchenware Shops

Americas Range Hood Regional Outlook (Revenue, USD Million, 2016 - 2028)

• US.
  • Northeast
  • Southeast
  • Southwest
  • Midwest
  • West
• Canada
  • Toronto
  • Montreal
  • Calgary
  • Ottawa
• South America
  • Brazil

List of Key Players of Americas Range Hood Market

• Whirlpool Corporation
• Broan-NuTone, LLC
• GE Appliances, a Haier Company
• Robert Bosch GmbH
• Haube Range Hood Co.
• KOBE Range Hoods
• Victory Range Hoods
• Proline Range Hoods
• Faber US and Canada
• Vent-A-Hood® Ltd.

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.

Modular Chillers Market Major Key Players And Latest Trend Analysis Till 2028: Grand View Research Inc.

 Modular Chillers Market Growth & Trends

The global modular chillers market size is expected to reach USD 4.02 billion by 2028 registering a CAGR of 6.7%, according to a new report by Grand View Research, Inc. The growing demand for energy-efficient buildings on account of the rising awareness regarding environmental degradation coupled with stringent government regulations is anticipated to fuel the product demand over the forecast period.

Increasing construction spending in emerging countries, such as China, India, and Brazil, on account of strong economic and industrial development coupled with population expansion, is anticipated to drive the product demand over the forecast period. In addition, rising awareness about energy-efficient systems and the harmful impacts of burning fossil fuels is expected to further boost the market growth over the coming years.

Several initiatives promoting and encouraging energy-efficiency have been adopted and implemented in Europe. For instance, the European Commission’s initiative “The European Portal for Energy Efficiency of Buildings” allows exploration and sharing of knowledge and optimal practices offering energy solutions for buildings.

According to the International Trade Administration (ITA), the construction industry in Canada was valued at USD 126.3 billion in 2018 and accounted for over 7% of the country’s GDP. The presence of stringent government regulations in Toronto and Vancouver for cooling the overheated markets in the residential sector is expected to drive the product demand over the coming years.

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Modular Chillers Market Report Highlights

• In terms of revenue, the demand for water-cooled chillers is expected to witness growth at a CAGR of 6.1% from 2021 to 2028
• This growth is attributed to pressure operating features and lower condensing temperature offered by water-cooled systems compared to air-cooled systems
• The commercial sector is estimated to be valued at USD 2.02 billion by 2028 on account of the rising product demand from the healthcare industry
• China accounted for a revenue share of 60.1% of the Asia Pacific market in 2020 and is anticipated to witness steady growth owing to the rising population, urbanization, and government initiatives to enhance the country’s infrastructure
• The growing demand for housing projects owing to the rising population in urban areas is expected to drive the construction industry in Brazil, thereby, augmenting the product demand in the country

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Modular Chillers Market Segmentation

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

Modular Chillers Product Outlook (Revenue, USD Million, 2017 - 2028)

• Water-Cooled
  • <50kW
  • 51-100kW
  • 101-200kW
  • 201-300kW
  • >301kW
• Air-Cooled
  • <50kW
  • 51-100kW
  • 101-200kW
  • 201-300kW
  • >301kW

Modular Chillers End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Commercial
  • Corporate Offices
  • Data Centers
  • Public Buildings
  • Mercantile & Service
  • Healthcare
  • Others
• Residential
• Industrial
  • Chemical
  • Food & Beverage
  • Metal Manufacturing & Machining
  • Medical & Pharmaceutical
  • Plastics
  • Others

Modular Chillers Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Modula Chillers Market

• Trane Technologies plc
• Gree Electric Appliances, Inc.
• Carrier
• Frigel
• Midea Group
• Multistack International Ltd.
• McQuay Air-Conditioning Ltd. (Daikin)
• Johnson Controls-Hitachi Air Conditioning
• Haier Group
• Mitsubishi Electric Corp.

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.

Electric Vehicle Charging Infrastructure Market to Reflect Steadfast Expansion During 2021-2028

 Electric Vehicle Charging Infrastructure Market Growth & Trends

The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, many other governments are jointly developing intra-continental networks of highway charging stations.

Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV manufacturers, such as Tesla, Inc., and Nissan, are focusing on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations

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Electric Vehicle Charging Infrastructure Market Report Highlights

• The fast charger segment is anticipated to be the largest charger type segment over the forecast period owing to the ability to rapidly charge electric vehicles in lesser time compared to conventional AC chargers is the primary factor driving the demand for fast DC chargers
• Combined Charging System (CCS) is anticipated to emerge as the fastest-growing connecter segment over the forecast period owing to rising adoption by automobile manufacturers
• The commercial application segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities
• North America is estimated to account for the largest revenue share by 2028. Stringent vehicle emission standards and focus on R&D of EVs are some of the major factors driving the market in the North American region
• Various companies are investing heavily in promoting EV charging infrastructure. For instance, in November 2017, BMW, Daimler, Ford, and Volkswagen Group, together announced an investment plan for the development of 400 charging sites across Europe
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to significant growth in EV sales in the region and extensive deployment of EV chargers in countries, such as China and Japan 

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Electric Vehicle Charging Infrastructure Market Segmentation

Grand View Research has segmented the global electric vehicle charging infrastructure market on the basis of charger type, connector, application, and region:

EV Charging Infrastructure Charger Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Slow
• Fast

EV Charging Infrastructure Connector Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• CHAdeMO
• (CCS)
• Others

EV Charging Infrastructure Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Commercial
• Residential

EV Charging Infrastructure Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • The Netherlands
  • UK.
  • France
  • Norway
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea

List of Key Players of Electric Vehicle Charging Infrastructure Market

• AeroVironment, Inc.
• ABB
• BP Chargemaster
• ChargePoint, Inc.
• ClipperCreek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Schneider Electric
• Siemens AG
• Tesla, Inc.
• Webasto SE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.U

Nicotine Replacement Therapy Market Poised to Expand at a Robust Pace Over 2028

 Nicotine Replacement Therapy Market Growth & Trends

The global nicotine replacement therapy market size is expected to reach USD 147.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 16.3% from 2021 to 2028. The growth of the market is largely attributed to increasing government initiatives to promote nicotine replacement therapy (NRT) products for reducing mortality due to smoking and diseases associated with it.

Smoking cessation campaigns are also playing a crucial role in increasing awareness about diseases that are caused because of smoking. These campaigns are run by regional governments as well as multinational companies, such as Philip Morris International and Altria. Global organizations like the WHO are also working toward creating awareness by running online campaigns. 

There has been an exponential increase in the usage of NRT products. The young population is the largest consumer of advanced NRT products, like heat-not-burn tobacco and e-cigarettes. However, middle-aged patients’ interest in smoking cessation has led to a rise in the usage of e-cigarettes. For instance, the use of e-cigarettes for smoking cessation increased to 20% in 2018 from 13% in 2016 among people aged 45 to 54 years.

Furthermore, researchers found that 5% to 9% of smokers tend to use nicotine patches even after the therapeutic period of 12 weeks. The passive approach of combining nicotine patches with a gum, inhaler, or spray is found to be more effective, and quitting rate reaching 34% to 54%. NRT is only recognized as a way of curbing nicotine cravings and treatment by consumers.

With technological advancements, the players in this market are also developing products to suit the changing consumer preferences. For instance, the e-cigarette market is changing with newer innovations that are more efficient, have longer battery life, and are rechargeable. The existing innovations like sleek and easy-to-use socially acceptable e-cigarettes brought a revolution, which drove more people to shift to using NRTs without social stigma.

Various players such as Nicocigs Ltd.; Nicoventures Ltd.; Victory Electronic Cigarettes Corp.; DuraSmoke; AlternaCig; Shenzhen IVPS Technology CO. Limited; and Vapor Group, Inc. are launching e-cigarettes and related products. Although there are hundreds of companies selling e-cigarettes, their usage in NRT is disputed.

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Nicotine Replacement Therapy Market Report Highlights

• By product, the e-cigarettes segment held the largest NRT market share in 2020 due to increasing investments and the rising focus of companies on developing value-added products. The heat-not-burn tobacco products segment is expected to grow at the fastest rate over the forecast period
• The offline distribution channel segment dominated the market in 2020. Retail chains across the world are investing in advanced technologies and undertaking new initiatives in order to improve sales and attract more customers. The increasing sales of e-cigarettes through vape shops and retail stores is another factor augmenting the growth of this segment
• Asia Pacific held the largest market share in 2020. Favorable government initiatives, coupled with an evolving reimbursement landscape for pharmaceutical products, are supporting continual growth

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Nicotine Replacement Therapy Market Segmentation

Grand View Research has segmented the global nicotine replacement therapy market by product, distribution channel, and region:

NRT Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Nicotine Replacement Therapy
  • Inhalers
  • Gum
  • Transdermal Patches
  • Sublingual Tablets
  • Lozenges
  • Others
• E-cigarettes
• Heat-not-burn Tobacco Products

NRT Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2028)

• Offline
• Online

NRT Regional Outlook (Revenue, USD Billion, 2017 – 2028)

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

List of Key Players of Nicotine Replacement Therapy Market

• Philip Morris Products S.A. (Altria Group)
• British American Tobacco p.l.c.
• Japan Tobacco, Inc.
• Imperial Brands
• Glenmark
• Fertin Pharma
• Cipla Inc.
• Pfizer Inc.
• Johnson & Johnson Services, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Product Design & Development Services Market Predicted to Cross USD 18.6 Billion by 2028: Grand View Research Inc.

 Product Design And Development Services Market Growth & Trends

The global product design and development services market size is expected to reach USD 18.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2021 to 2028. Low product cost, short time-to-market, and demand for advanced technologies are some of the factors boosting the growth. Medical and life sciences companies face extreme cost pressures to develop new and innovative products in shorter time frames while complying with stringent regulatory requirements of medical device.

The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as designing and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to develop the product model. This approach enhances both product quality and profitability by decreasing errors in development and designing thereby increasing success rates.

Outsourcing design engineering is anticipated to witness healthy growth over the forecast period as an increased number of manufacturers—from start-up ventures to established companies—capitalize on the benefits related to outsourcing design engineering such as improved product design and cost-effectiveness to attain a competitive edge. Furthermore, with the incorporation of IT into healthcare industry, analysis on 3D models and software, for which the third parties are well trained are expected to promote growth.

However, COVID-19 has added complexity and challenge to the medical device innovation. The product development firms are facing the major challenges so far as how to continue with business operations while evading the effects of the crisis. Product development during the pandemic continues to show optimal scope. The huge cost of development, financial risks of missing the mark, and market timing altogether contribute to the greatest challenges of medical device development and market driving innovation.

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Product Design & Development Services Market Report Highlights

• The research, strategy, and concept generation services segment accounted for the highest revenue share of 39.9% in 2020 as the stage requires extensive research and business and design strategy that generate maximum revenue
• The surgical instruments segment held major market share of 27.9% in 2020, due to the complexity of instruments which require detailed designing for making them suitable for direct contact with human body
• Key players in emerging economies of Asia Pacific and Latin America are witnessing significant increase in their revenue owing to the presence of lucrative growth opportunities
• Medical device Original Equipment Manufacturers (OEMs) are outsourcing the production of their devices to developing economies due to availability of labor and raw materials at affordable cost

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Product Design & Development Services Market Segmentation

Grand View Research has segmented the global product design and development services market based on services, application, end use, and region:

Product Design And Development Services Outlook (Revenue, USD Million, 2016 - 2028)

• Research, Strategy, & Concept Generation
• Concept & Requirements Development
• Detailed Design & Process Development
• Design Verification
• Process Validation, Manufacturing Transfer & Design Validation
• Production & Commercial Support

Product Design And Development Services Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diagnostic Equipment
• Therapeutic Equipment
• Surgical Instruments
• Clinical Laboratory Equipment
• Biological Storage
• Consumables
• Others

Product Design And Development Services End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Device Companies
• Pharmaceutical Companies
• Biotechnology Companies
• Contract Research Organizations

Product Design And Development Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Ukraine
  • Netherlands
  • Switzerland
  • Sweden
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South KoreaIndonesia
  • Malaysia
  • Singapore
  • Thailand
  • Taiwan
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt

List of Key Players of Product Design And Development Services Market

• Ximedica
• DeviceLab Inc.
• Jabil Inc.
• Flex Ltd.
• Plexus Corp.
• Celestica Inc.
• Starfish Medical
• Nordson Medical
• Planet Innovation
• Donatelle

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.

Image-guided Therapy Systems Market to Partake Significant Development During 2021 to 2028: Grand View Research Inc.

 Image-guided Therapy Systems Market Growth & Trends

The global image-guided therapy systems market size is expected to reach USD 5.8 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.0% from 2021 to 2028. The growing geriatric population base and increasing cases of chronic diseases are expected to boost the market growth. Other factors propelling the market growth include a rising preference for minimally invasive surgeries and technological advancements in image-guided therapy systems. Various initiatives undertaken in the area of cancer radiotherapy are also driving the market.

New product launches by major companies are also having a positive impact on market growth. For instance, in September 2020, Olympus Corporation launched ENDO-AID, an AI platform and endoscopy application with computer-aided detection for gastrointestinal applications. The AI platform with an endoscopy system-EVIS X1 enables real-time display. The growing adoption of such advanced systems is expected to drive the market. The increasing number of initiatives undertaken by public and private firms in the area of cancer radiotherapy is also estimated to have a positive impact on market growth.

Many academic institutions are also investing in cancer radiotherapy projects for increasing the effectiveness of treatment therapies. This is also likely to contribute to market expansion. The development of the Image-guided Therapy Program by the Brigham and Women’s Hospital aimed at advancing imaging and therapeutic technologies for developing minimally invasive surgical and interventional techniques is an example of one such initiative.

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Image-guided Therapy Systems Market Report Highlights

• North America accounted for the largest share in 2020 owing to the rising geriatric population and high per capita expenditure
• By product, the endoscopes segment accounted for the largest revenue share in 2020 owing to technological advancements, a high volume of endoscope-guided surgeries, and the rising preference for minimally invasive surgeries
• By application, cardiac surgery emerged as the largest application segment in 2020 owing to factors, such as rising incidence of target diseases, increasing preference for minimally invasive cardiac surgeries, and R&D initiatives aimed at developing real-time cardiac intervention systems
• By end use, the hospitals segment accounted for the largest market share in 2020 as the hospital settings are equipped with technologically advanced devices
• The ambulatory surgery centers segment is projected to expand at the fastest CAGR of 6.5% over the forecast period

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Image-guided Therapy Systems Market Segmentation

Grand View Research has segmented the global image-guided therapy systems market based on product, application, end-use, and region:

Image-guided Therapy Systems Product Outlook (Revenue, USD Million, 2016 - 2028)

• Ultrasound Systems
• Computed Tomography (CT) Scanners
• Positron Emission Tomography (PET)
• Endoscopes
• Magnetic Resonance Imaging (MRI)
• X-ray Fluoroscopy
• Single Photon Emission Computed Tomography (SPECT)

Image-guided Therapy Systems Application Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiac Surgery
• Neurosurgery
• Orthopedic Surgery
• Urology
• Oncology Surgery
• Gastroenterology
• Others

Image-guided Therapy Systems End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Research & Academic Institutions

Image-guided Therapy Systems Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Image-guided Therapy Systems Market

• Koninklijke Philips N.V.
• Medtronic
• Siemens Healthineers
• Analogic Corporation
• GE Healthcare
• Varian Medical Systems, Inc.
• Brainlab AG
• Olympus Corporation
• Stryker

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.

Intravenous Solutions Market is Expected to Reach a Value of $18.9 Billion by 2028

 

IV Solutions Market Growth & Trends

The global intravenous solutions market size is expected to reach USD 18.9 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The growing incidence rate of chronic diseases such as cancer, increase in the number of premature births, and shortage of I.V. solutions in the U.S. are some of the key factors expected to drive the market.

One of the prime areas wherein intravenous (IV) fluids find usage is severe dehydration. Severe dehydration is seen in diseases such as diarrhea, resulting in the depletion of fluids from the body. According to the WHO, in 2017, diarrhea was the second leading cause of death in children under 5 years of age with around 5,25,000 lives lost each year. Intravenous (IV) fluids can play a key role in the treatment and prevention of deaths caused due to the dehydration/fluid loss associated with diarrhea. Other cases where intravenous fluids find application include surgeries and emergency situations.

The ongoing COVID-19 pandemic is expected to have a positive impact on the market. Intensive Care Units (ICU) worldwide are either operating at full capacity or are overcrowded due to the high influx of patients infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). As per an article published by BBC, in January 2021, critical care wards across England were running in full capacity. Nutritional care is one of the essential elements in managing these patients. This has increased the demand for intravenous (IV) fluids, as many of the patients, especially the elderly population are placed on ventilators and are unable to consume food orally.

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IV Solutions Market Report Highlights

• The Total Parenteral Nutrition (TPN) segment led the segment in terms of revenue share in 2020 owing to its growing applications in the management of chronic diseases
• The increasing number of surgeries and post-operative nutritional management is a prime factor driving the vitamins and minerals (salt and electrolyte) segment’s growth
• North America dominated the market with a revenue share of nearly 40.8% in 2020 due to the high usage of IV fluids in the U.S.

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IV Solutions Market Segmentation

Grand View Research has segmented the global IV solutions market based on type, nutrients, and region:

Intravenous Solutions Type Outlook (Revenue, USD Million, 2016 - 2028)

• Total Parenteral Nutrition (TPN)
• Peripheral Parenteral Nutrition (PPN)

Intravenous Solutions Nutrients Outlook (Revenue, USD Million, 2016 - 2028)

• Carbohydrates
• Single Dose Amino Acid Solution
• Vitamins & Minerals (Salt and electrolyte)
• Parenteral Lipid Emulsion
• Others

Intravenous Solutions Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of IV Solutions Market

• Hospira
• Terumo Corporation
• Braun Melsungen AG
• Fresenius Kabi
• Baxter

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

U.S. Packaged Food Market to Register Steadfast CAGR of 4.1% from 2021 to 2028

 

U.S. Packaged Food Market Growth & Trends

The U.S. packaged food market size is expected to reach USD 1,376.00 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2021 to 2028. The increasing product innovation, innovative packaging, changing lifestyle, rising number of dual-income families, and hectic schedules of consumers have boosted the demand for packaged foods in the U.S. Moreover, the growing trend of plant-based and organic foods is driving the market. With the rising health consciousness, consumers are gradually shifting toward healthy food and drink alternatives. As a result, food products with low-calorie, low-fat, gluten-free, sugar-free, and organic claims gain traction among consumers.

The beverages product segment accounted for the largest share of over 20.0% in 2020, followed by the dairy products segment. Healthy drinks made with natural ingredients and less sugar are gaining traction among consumers. Furthermore, increasing demand for functional beverages is fueling the growth of this product segment. Milk, butter, and cheese have wide application in the daily lives of consumers in the U.S. In addition, lately, yogurt and yogurt drinks are gaining significant popularity across the nation.

The market is highly competitive with a large number of well-established companies across the country. Consumers have been preferring companies that are known for prioritizing sustainable production and environment-friendly packaging. As a result, several companies are focusing on sustainable packaging and a transparent supply chain. For instance, in January 2020, Nestlé announced to invest up to USD 2.12 billion in advanced sustainable packaging solutions to shift to food-grade recycled plastics from virgin plastics. The company has committed to making 100% of its packaging reusable or recyclable by 2025.

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U.S. Packaged Food Market Report Highlights

• By product, the beverages segment held the largest share of more than 20.0% in 2020. The strong popularity of such products among consumers as healthy drinks is expected to remain a favorable factor for the segment growth over the next few years
• The ready-to-eat meals product segment is expected to register the fastest CAGR of 5.7% from 2021 to 2028 owing to the busy lifestyle and hectic work schedule of the consumers
• In terms of distribution channel, the supermarkets and hypermarkets segment dominated the market by accounting for over 65.0% share in 2020. Over the past few years, consumers are preferring these distribution channels owing to the availability of a wide range of products and significant price discounts offered in these stores

Access Press Release@ https://www.grandviewresearch.com/press-release/us-packaged-food-market-analysis

U.S. Packaged Food Market Segmentation

Grand View Research has segmented the U.S. packaged food market on the basis of product and distribution channel:

U.S. Packaged Food Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Others
• Ice Creams & Frozen Novelties
• Rice, Pasta, & Noodles
• Processed Meats
• Breakfast Cereals
• Ready-to-Eat Meals
• Sauces, Dressings, & Condiments
• Beverages
• Snacks & Nutritional Bars
• Dairy Products
• Bakery & Confectionery Products

U.S. Packaged Food Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028)

• Supermarkets & Hypermarkets
• Convenience Store
• Online
• Others

List of Key Players of U.S. Packaged Food Market

• Nestlé S.A.
• The Coca-Cola Company
• PepsiCo
• Tyson Foods, Inc.
• Mars, Incorporated
• Cargill, Incorporated
• The Kraft Heinz Company
• General Mills Inc.
• Conagra Brands, Inc.
• Kellogg Co.

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.

Americas Structural Insulated Panel Market to Witness Tremendous Growth and Expansion by 2028

 Americas Structural Insulated Panel Market Growth & Trends

The Americas structural insulated panel market size is expected to reach USD 4.27 billion by 2028 registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable regulations and rising adoption of various green building standards are some of the key factors driving the market growth. Rising spending in the construction sector in North America due to the increasing government initiatives for the modernization of the infrastructure and energy-efficient homes and the rising number of green buildings in the U.S. and Canada is projected to drive the product demand.

Many market players are engaged in manufacturing and supplying raw materials and creating strong competition, affecting the overall pricing of the structural insulated panels (SIPs). The presence of several raw material manufacturers in the market results in low prices of these materials. Some of the key companies are also engaged in installation through their network of certified contractors and installers. Investments, new product development, and regional expansion are the key strategies adopted by the market players to strengthen their industry position. However, fluctuations in raw material prices and the adverse impact of the Covid-19 pandemic are expected to emerge as key concerns for the industry participants.

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Americas Structural Insulated Panel Market Report Highlights

• The Expanded Polystyrene (EPS) segment is expected to account for the highest revenue share by 2028 growing at a CAGR of 7.6% from 2021 to 2028
• This growth can be attributed to the properties and high penetration of EPS in residential and non-residential applications
• The walls & floors segment dominated the market in 2020 and is expected to account for the maximum market share by 2028 registering the fastest CAGR during the forecast period
• This growth is credited to the extensive product usage in the walls & floors segment due to its desired energy efficiency, high durability, and convenient installation
• North America is estimated to witness the maximum as well as the fastest growth, in terms of revenue, over the forecast period
• Factors, such as increased product demand from the residential sector, presence of extensively developed cold chainand logistics industry, and favorable government initiatives to develop social infrastructure drive the market growth in North America
• The U.S. dominated the North America regional market in 2020, in terms of volume, on account of rapid growth in the construction sector and increasing awareness regarding sustainable construction favored by government policies, such as the Federal Energy Policy Act 2005
• Major players are investing in research and development activities and continuously launching new products in the market for business expansion

Access Press Release@ https://www.grandviewresearch.com/press-release/americas-structural-insulated-panels-market-analysis

Americas Structural Insulated Panel Market Segmentation

Grand View Research has segmented the Americas structural insulated panel market on the basis of product, application, and region:

Americas SIP Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 - 2028)

• Expanded Polystyrene (EPS)
• Polyurethane
• Glass Wool
• Extruded Polystyrene (XPS)

Americas SIP Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 - 2028)

• Walls & Floors
• Roofs
• Cold Storage

Americas SIP Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Rest of the CSA

List of Key Players of Americas Structural Insulated Panel (SIP) Market

• Kingspan Group
• Metl-Span
• Owens Corning
• Metecno Group
• KPS Global
• Isopan
• PFB Corporation
• All Weather Insulated Panels
• Green Span Profiles
• American Insulated Panel Company
• American Buildings Company
• Ingreen Systems Corp.

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.

Lubricants Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Lubricants Market Growth & Trends

The global lubricants market size is expected to reach USD 167.48 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 3.7% from 2021 to 2028. Growth in demand for biobased lubes, as they are eco-friendly, is estimated to augment the market growth over the coming years. Furthermore, the manufacturers are shifting and expanding their production units in developing nations owing to various factors, such as availability of raw material and reduced costs of infrastructure and labor. This, in turn, is anticipated to boost the market growth over the forecast period.

Typical oil manufacturers use crude oil, CBM, tight oil, and other additives to formulate all types of lubricants. Technological advancements have led to the reduction of combustion engine-based vehicles; and countries, such as Norway and the Netherlands, have imposed strict regulations against the approval of any combustion engine-based vehicles. Major companies, such as Shell, Total, Chevron, ExxonMobil, BP, and Sinopec, have integrated their business operations globally.

Increasing passenger car sales in emerging markets of Asia Pacific and Latin America is expected to be a major factor driving consumer automotive lubricants demand over the forecast period. Growing sales of consumer automotive, such as trucks, buses, and other forms of passenger transport, are expected to drive commercial automotive oil product demand. Economic growth in emerging markets, such as China, India, and Brazil, has led to betterment in public transportation in these regions. This trend is expected to further strengthen commercial automotive lubricant demand.

The Asia Pacific automotive industry is anticipated to witness a high growth rate over the forecast period owing to rapid economic development, mega construction projects, and introduction of various favorable policies by the government, such as 100% FDI and “Smart Cities”. The rapid industrial development and growing demand for high-performance luxurious passenger cars have also attracted heavy investments from international automobile companies.

Companies, such as ExxonMobil & Chevron, are directly involved in the production of lubricants for specific applications, these companies are further involved in supply agreements with major end-users to ensure steady product sales. Companies, such as Total, Shell, Amsoil, and Castrol, have entered into exclusive supply agreements with Tata Motors & Vestas Wind Systems to supply their products.

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Lubricants Market Report Highlights

• Bio-based lube formulations are widely used since several regulations have been formulated by authorities, such as the EPA, to reduce the vehicular emissions
• These products have high price fluctuations as they depend on the costs of petroleum products, such as crude oil
• In terms of volume, the automotive application segment accounted for a prominent share in the market in 2020 and is further expected to witness steady growth over the forecast period
• Asia Pacific accounted for the highest revenue share in 2020 and will expand further at the fastest CAGR from 2021 to 2028
• An increasing number of consumers are demanding advanced technological products with superior performance characteristics, which are conducive to market growth
• Global as well as regional players are developing direct sales channels, especially for the automotive sector, at their local service centers
• Some companies also participate in annual events of their end-users and showcase their products at discounted prices

Access Press Release@ https://www.grandviewresearch.com/press-release/global-lubricants-market

Lubricants Market Segmentation

Grand View Research has segmented the global lubricants market on the basis of application and region:

Lubricants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Industrial
  • Process Oils
  • General Industrial Oils
  • Metalworking Oils
  • Industrial Engine Oils
  • Greases
  • Others
• Automotive
  • Engine Oil
    • 0W-20
    • 0W-30
    • 0W-40
    • 5W-20
    • 5W-30
    • 5W-40
    • 10W-60
    • 10W-40
    • 15W-40
    • Others
  • Gear Oil
  • Transmission Fluids
  • Brake Fluids
  • Coolants
  • Greases
• Marine
  • Engine Oil
  • Hydraulic Oil
  • Gear Oil
  • Turbine Oil
  • Greases
  • Others
• Aerospace
  • Gas Turbine Oil
  • Piston Engine Oil
  • Hydraulic Fluids
  • Others

Lubricants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Lubricants Market

• ExxonMobil Corp.
• Pennzoil
• Quaker Chemical Corp.
• Royal Dutch Shell Co.
• JX Nippon Oil & Energy Corp.
• British Petroleum
• Lukoil
• Total S.A
• Chevron Corp.
• Philips 66 Company
• Sinopec Corp.

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.