Consumer Genomics Market Competitive Insight and Key Drivers 2021 to 2028: Grand View Research Inc.

 Consumer Genomics Market Growth & Trends

The global consumer genomics market size is projected to reach USD 8.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.4% from 2021 to 2028. Technological advances in genetic research have helped to raise awareness among physicians as well as consumers pertaining to the use of gene-based testing.

Genomics testing enables the determination of common traits by studying a DNA molecule, predictions about health, and offers evidence of a person’s ancestry. Several companies are providing DNA tests directly to customers by which they have access to their genetic information without involving the healthcare professional. Rising awareness about DNA testing has driven the adoption rate, which in turn provides healthy growth prospects for the implementation of DNA tests in home settings.

The continuously declining costs of genotyping have resulted in direct-to-consumer services becoming more accessible to the average consumer as DNA testing services are delivered by key companies. Many key participants are focusing majorly on building partnerships and collaborations with physicians and healthcare systems to inflate their current marketplace.

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Consumer Genomics Market Report Highlights

• The genetic relatedness segment accounted for the largest revenue generation in 2020 and is anticipated to remain dominant throughout the forecast period
• Genetic relatedness involves the determination of hereditary or the genetic transfer of traits from parents to their offspring
• These tests help analyze repetitive DNA regions known as short tandem repeats for the determination of a likelihood of paternity
• The lifestyle, wellness, and nutrition segment is expected to witness the fastest CAGR as consumer genomics tests are claimed to provide personalized nutrition based on an individual’s genotype
• For patients with rare genetic disorders such as galactosemia and lactose intolerance, a customized diet is recommended
• Growing public interest for personalized health has fueled the adoption of nutrigenetic testing services, specifically for optimizing nutrition
• Hence, personalized nutrition is employed to maintain or improve health by using genetic, clinical, and dietary information to provide precise and more efficacious personalized healthy recommendations
• North America is estimated to capture the largest market share owing to the local presence of key industry participants such as 23andMe and AncestryDNA, and the commercialization of FDA approved kits 
• Due to growing investments and skills, in Asia Pacific, the market is expected to grow with the fastest CAGR
• This can majorly be attributed to the advent of knowledge-based innovations and entry of investors focused on personalized genetic screening as well as the presence of research funding agencies

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

Consumer Genomics Market Segmentation

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

Consumer Genomics Application Outlook (Revenue, USD Million, 2017 - 2028)

• Genetic Relatedness
• Diagnostics
• Lifestyle, Wellness, & Nutrition
• Ancestry
• Reproductive Health
• Personalized Medicine & Pharmacogenetic testing
• Sports Nutrition & Health
• Others

Consumer Genomics Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • Australia
  • India
  • Singapore
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia

List of Key Players of Consumer Genomics Market

• Ancestry
• Gene By Gene, Ltd. (FamilyTree DNA)
• 23andMe, Inc.
• Color Genomics, Inc
• Myriad Genetics, Inc
• Mapmygenome
• Positive Biosciences, Ltd
• Futura Genetics
• Helix OpCo LLC
• MyHeritage Ltd.
• Pathway Genomics
• Veritas
• Amgen, Inc.
• Xcode Life
• Diagnomics, Inc.
• Toolbox Genomics
• SomaLogic, Inc.
• inui Health (formerly Scanadu)
• AgeCurve
• QuickCheck Health
• Biomeb
• Metabolomic Discoveries GmbH
• Illumina, 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.

Commercial Refrigeration Equipment Market is Anticipated to Upgrade $43.16 Billion Revenue By 2028

 

Commercial Refrigeration Equipment Market Growth & Trends

The global commercial refrigeration equipment market size is estimated to reach USD 43.16 billion by 2028, registering an estimated CAGR of 4.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increase in demand for frozen food items and the thriving hospitality and tourism industries are some of the factors driving the market growth.

The growing environmental concerns related to the emission of harmful refrigerants such as Chlorofluorocarbons (CFC) and Hydro-chlorofluorocarbons (HCFC) have led to the implementation of regulations favoring the use of efficient alternatives in commercial refrigeration equipment globally. Under its Clean Air Act, the U.S. Environment Protection Agency (EPA) has mandated the regularized use of low Global Warming Potential (GWP) refrigerants in the equipment for the commercial sector. Such regulations are encouraging commercial refrigerator manufacturers to seek low energy consuming refrigerants to minimize the adverse effect of Greenhouse Gas (GHG) emissions. For instance, in 2020, Hiber, a brand of Ali Group S.r.l. a Socio Unico, added bidirectional IoT connectivity integrated refrigeration cabinets optimized with self-learning systems for reducing energy consumption when the equipment is not in use.

In 2020, the COVID-19 catastrophe majorly disrupted the commercial foodservice industry and retail industries, adversely impacting the growth of the market for commercial refrigeration equipment. However, since December 2019, the research institutes and pharmaceutical companies have highly demanded and utilized vaccine storage refrigerators during their R&D processes to come up with a life-saving vaccine against the coronavirus. The commercial refrigeration equipment has witnessed a boom from the biotechnology and pharmaceutical industry owing to the formulation of the vaccine and later its rollout, and for successfully storing and transporting the vaccines at a global scale.

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Commercial Refrigeration Equipment Market Report Highlights

• The refrigerators and freezers segment accounted for a revenue share of nearly 25.0% in 2020. The rising consumption of vaccine storage units during the COVID-19 pandemic in an attempt to conduct a successful immunization process is anticipated to contribute to the growth
• The U.S. has been the major contributor in the North America region with a revenue share of close to 80.0% in 2020
• By system type, the self-contained refrigeration equipment segment is expected to register a CAGR of nearly 5.0% from 2021 to 2028
• The 51 cu. Ft. - 100 cu. Ft. capacity segment accounted for the largest revenue share in 2020

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

Commercial Refrigeration Equipment Market Segmentation

Grand View Research has segmented the global commercial refrigeration equipment market based on product, application, system type, capacity, and region:

Commercial Refrigeration Equipment Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Transportation Refrigeration Equipment
• Refrigerators & Freezers
• Beverage Refrigeration
• Display Showcases
• Ice Merchandisers & Ice Vending Equipment
• Other Equipment

Commercial Refrigeration Equipment Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Food Service
• Food & Beverage Retail
  • Hypermarkets
  • Supermarkets
  • Convenience Store
  • Specialty Food Store
  • Others
• Food & Beverage Distribution
• Food & Beverage Production
• Others

Commercial Refrigeration Equipment System Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Self-contained
• Remotely Operated

Commercial Refrigeration Equipment Capacity Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 50 cu. Ft
• 50 to 100 cu. Ft
• More than 100 cu. Ft

Commercial Refrigeration Equipment Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of the Commercial Refrigeration Equipment Market

• AB Electrolux
• Ali S.p.A.
• Carrier
• DAIKIN Industries, Ltd.
• Dover Corporation

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.

Automotive Natural Gas Vehicle Market Revenue Sales to Reach 38,856.33 Thousand Units by 2028: Grand View Research Inc.

 Automotive Natural Gas Vehicle Market Growth & Trends

The global automotive natural gas vehicle market demand is expected to reach 38,856.33 thousand units by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 3.3% from 2021 to 2028. The growing adoption of natural gas as an alternative fuel in vehicles, especially in the transportation sector worldwide, is creating the demand for automotive natural gas vehicles (NGVs). The low emission properties of NGVs facilitated by clean fuel characteristics are expected to drive their demand in public transportation, therefore boosting the market growth. The need for cleaner fuels at lower costs is also expected to drive market growth.

Moreover, government support for the adoption of these vehicles will augment the demand. The government authorities in various countries are implementing stringent regulations to curb environmental damages arising from the emission of Particulate Matter (PM) and Greenhouse Gases (GHG) from vehicles. Simultaneously, with these regulations, authorities have also been continuously revising the emission standard policies to help protect the environment.

Government agencies across the globe are rolling out incentive programs to promote the adoption of NGVs owing to the high initial cost associated with the procurement of CNG and LNG vehicles. Some of the incentive programs to promote the adoption of these vehicles include the U.S. Congestion Mitigation and Air Quality Improvement Program (CMAQ), U.S. Environmental Protection Agency's (EPA) Diesel Emissions Reduction Act Program (DERA), and California Energy Commission’s Clean Transportation Program.

The governments in various countries are undertaking initiatives to develop and expand the natural gas distribution infrastructure and invest significantly in improving natural gas technology. The network of CNG and LNG refueling stations is expanding in various countries, boosting the adoption of NGVs. For instance, the Indian Ministry of Petroleum and Natural Gas announced the construction of 1000 LNG fueling stations on the major national highways across the country. The fueling stations will be commissioned by state-controlled companies, including Hindustan Petroleum (HPCL), IOC, and Bharat Petroleum (BPCL), and gas suppliers such as Gas Authority of India Ltd. (GAIL), Gujrat Gas, and Petronet LNG.

Asia Pacific held the largest share of the overall market in 2020 owing to the increased adoption of natural gas, such as CNG and LNG, in passenger cars, trucks, buses, and three-wheelers in countries, such as India, China, Thailand, Pakistan, and Bangladesh. The region has also emerged as a hub for automotive production in recent years.

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Automotive Natural Gas Vehicle Market Report Highlights

• Stringent regulations laid down by governments of various nations to reduce the emissions of GHG and PM are expected to positively influence the market growth over the forecast period
• Refueling solutions, such as home refueling and time-fill refueling, prove to be economical, along with providing convenience to customers
• The CNG segment dominated the market in 2020 and is anticipated to reach a demand of 36,758.09 thousand units by 2028, owing to less noise produced from a CNG engine due to the lower level of the sound pressure
• Asia Pacific held the largest market share in 2020. This growth is attributed to the increased production and sales of passenger cars in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automotive-natural-gas-vehicles-ngv-market

Automotive Natural Gas Vehicle Market Segmentation

Grand View Research has segmented the global automotive natural gas vehicle market on the basis of fuel type, vehicle type, and region:

Automotive NGV Fuel Type Outlook (Volume, Thousand Units, 2016 - 2028)

• CNG
• LNG

Automotive NGV Vehicle Type Outlook (Volume, Thousand Units, 2016 - 2028)

• Passenger
• Light-duty & Heavy-duty Buses and Trucks
• Three-wheelers

Automotive NGV Regional Outlook (Volume, Thousand Units, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Russia
  • Germany
  • France
  • Sweden
• Asia Pacific
  • China
  • India
  • Bangladesh
  • Thailand
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of Automotive Natural Gas Vehicle (NGV) Market

• Agility Fuel Solutions
• AB Volvo
• Beiqi Foton Motor Co., Ltd.
• CNH Industrial N.V.
• Clean Energy Fuels
• Cummins, Inc.
• PACCAR, Inc.
• Navistar, Inc.
• Quantum Fuel Systems LLC
• Westport Fuel Systems 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.

Laboratory Information Management System Market Technological Advancements And Mounting Demand by 2028

 

Laboratory Information Management System Market Growth & Trends

The global laboratory information management system market size is expected to reach USD 1.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Factors contributing to the growth of the laboratory information management system (LIMS) market include growing demand for laboratory automation, investments in life sciences industry, demand for outsourcing, and technological advancements.

To help in tackling the effect of COVID-19, market players aimed at launching novel solutions in the market. For instance, LabVantage launched the COVID-19 LIMS which is helpful in managing the unprecedented acceleration of the laboratory workflow and volume due to the pandemic. Likewise, in March 2020, Ovation, a U.S. based startup launched an initiative that was centered on its cloud-based LIMS and was aimed towards enabling independent laboratories to broaden their capabilities and effectively doubling the testing capacity throughout the country.

Increasing investment in R&D sectors by pharma and biotechnological organizations is another factor propelling the growth of laboratory information management system. According to National Science Foundation (NSF) data in 2018, the spending on R&D has been increased by approximately 3.2% between 2015 and 2017. Increase in demand for laboratory automation is expected to fuel market growth.

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Laboratory Information Management System Market Report Highlights

• The cloud-based segment dominated the market and accounted for the largest revenue share in 2020. The segment is projected to show a CAGR of over 4.6% from 2021 to 2028. Technological advancements by market players are expected to drive the segment
• The services component segment accounted for the largest revenue share owing to the rising lab automation which required implementation, maintenance, and support
• North America held the largest revenue share in 2020, due to the favorable government initiatives, demand for genomic studies, and increased investment in R&D by the government
• The industry participants are focusing on investing in acquisitions, collaborations, product launches, and partnerships to gain a competitive edge
• The CRO segment is expected to exhibit the lucrative CAGR of 4.6% due to increasing demand for outsourcing LIMS solutions to curb the operating cost
• In Asia Pacific, the market is anticipated to witness lucrative growth of around 5.4% owing to the rising demand for outsourcing and increasing expenditure in the R&D sector
• In February 2020, LabVantage Solutions announced the availability of a SaaS package for its purpose-built LIMS platform

Access Press Release@ https://www.grandviewresearch.com/press-release/global-laboratory-information-management-system-lims-market

Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market on the basis of product, component, end-use, and region:

LIMS Product Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Web-hosted
• Cloud-based

LIMS Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

LIMS End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Life Sciences
• CROs
• Petrochemical Refineries & Oil and Gas Industry
• Chemical Industry
• Food and Beverage and Agriculture Industries
• Environmental Testing Laboratories
• Other Industries (Forensics and Metal & Mining Laboratories)

LIMS Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Laboratory Information Management System (LIMS) Market

• Thermo Fisher Scientific
• Siemens
• LabVantage Solutions Inc.
• LabWare
• PerkinElmer Inc.
• Abbott Laboratories
• Autoscribe Informatics
• Illumina, Inc.
• Labworks
• LabLynx, 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.

Laboratory Informatics Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 Laboratory Informatics Market Growth & Trends

The global laboratory informatics market size is expected to reach USD 4.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.7% from 2021 to 2028. An increase in the requirement for life sciences companies to comply with regulatory demands has further promoted the incorporation of Laboratory Information Management Systems (LIMS) as it helps professionals understand and fulfill complex regulatory obligations. Furthermore, demand for cost-efficient workflow management systems is anticipated to drive the market over the forecast period.

The rising adoption of LIMS solutions by biobanks coupled with the increasing demand for integrated healthcare solutions is the key contributing factor for the growth of the market over the forecast period. In addition, growing awareness levels amongst the end-use segments and the technological evolution of LIMS solutions are anticipated to fuel the growth in the coming years.

The outbreak of the coronavirus has resulted in a shutdown of laboratories around the world. Movement restrictions have created a logistical problem for players, results in shortages of on-premise delivery of products. However, with high demand for COVID-19 testing scaled up laboratory operations and faced new challenges like administration of huge volumes of patient specimens and test data. To accelerate the high demand COVID-19 tests, a LIMS plays an essential role in labs which led to the implementation of the product.

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Laboratory Informatics Market Report Highlights

• LIMS dominated the market on the basis of technology in 2020 owing to the associated benefits such as data tracking and management with fewer errors. Moreover, demand for fully integrated LIMS platforms is growing in accordance with the requirements of life sciences and research industries to reduce the incidence of errors in data management and qualitative analysis of research information. The above-mentioned factors are expected to drive the segment
• On the other hand, demand for upgraded laboratory informatics technologies such as electronic lab notebook and Enterprise Content Management (ECM) solutions amongst research professionals and industry players, respectively, is expected to increase over the forecast period. Associated benefits of ECM, such as database management of large unstructured or structured medical information and supportive government initiatives, are expected to contribute to its lucrative growth over the forecast period
• Cloud-based services are anticipated to show lucrative CAGR at 5.3% over the forecast period due to their growing acceptance by industry participants. The introduction of technologically advanced software solutions and their widespread adoption by healthcare IT providers are expected to impede the growth of the on-premise segment over the forecast period. Furthermore, advantages associated with its usage, including remote access to information, reduced operational cost, and real-time data tracking, are contributing toward their rising demand
• North America dominated the market and accounted for a revenue share of around 45.4% in 2020, which is attributable to supportive government initiatives promoting the adoption of LIMS. On the other hand, in Asia Pacific, the market is likely to exhibit profitable growth due to increasing R&D expenditure deployed by the public and private sectors coupled with increasing awareness levels pertaining to LIMS

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

Laboratory Informatics Market Segmentation

Grand View Research has segmented the global laboratory informatics market by product, delivery mode, component, end-use, and region:

Laboratory Informatics Product Outlook (Revenue, USD Million, 2016 - 2028)

• LIMS
• ELN
• SDMS
• LES
• EDC & CDMS
• CDS
• ECM

Laboratory Informatics Delivery Mode Outlook (Revenue, USD Million, 2016 - 2028)

• On-Premise
• Web-hosted
• Cloud-based

Laboratory Informatics Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

Laboratory Informatics End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Life Science Companies
  • Pharmaceutical and Biotechnology Companies
  • Biobanks/Biorepositories
  • Contract Services Organizations
  • Molecular Diagnostics & ClinicalResearch Laboratories
  • Academic Research Institutes
• CROs
• Chemical industry
• Food & Beverage and Agriculture Industries
• Environmental Testing Laboratories
• Petrochemical Refineries and Oil & Gas Industry
• Other Industries (Forensics and Metal & Mining Laboratories)

Laboratory Informatics Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Laboratory Informatics Market

• Thermo Fisher Scientific, Inc.
• Core Informatics
• LabWare
• PerkinElmer, Inc.
• LabVantage Solutions, Inc.
• LabLynx, Inc.
• Agilent Technologies
• ID Business Solutions Ltd.
• McKesson Corporation
• Waters Corporation
• Abbott Informatics

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.

Polyurethane Market Forecasted to Grow at Steady Pace During 2021-2028: Grand View Research Inc.

 Polyurethane Market Growth & Trends

The global polyurethane market size is expected to reach USD 94.59 billion by 2028, registering a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight and high-performance composites from the automotive industry is driving the growth of the market. Polyurethane (PU) is widely used in automotive applications, such as seating, instrument panels, exterior panels, engine encapsulation, and cables & wires, as an alternative to metals. The utilization of Thermoplastic Polyurethane (TPU) in auto components can drastically decrease the overall weight of automobiles, which, in turn, limits fuel consumption.

Growing Corporate Average Fuel Economy (CAFE) has forced automobile manufacturers to seek innovative ways to limit fuel consumption. The low weight of vehicles is a crucial factor in these regulations due to the inherent correlation between mass and fuel consumption. Also, the reduction in mass at unhinged points facilitates reduction in noise & vibration and smoothens the ride. Auto manufacturers, for enhancing the performance of automobiles and following the trend of lightweight vehicles, are mainly focusing on auto components, which are manufactured from various types of plastics.

For improving fuel efficiency in vehicles, manufacturers have shifted toward using plastics in automotive components, such as instrument panels, exterior panels, automotive interiors, and engine cabins. This trend, coupled with growing automotive production, is expected to further drive the demand for polyurethanes in automotive applications, such as exterior body panels, engine encapsulation, and interior panels.

However, the Covid-19 outbreak has immensely affected the production of automobiles and disrupted the value chain of the automotive industry. Slowdown or halt in manufacturing activities and weak consumer sentiments are expected to affect the product demand in automotive applications.

The electronics & appliances application segment is anticipated to progress at a substantial growth rate over the forecast period. Polyurethane is used in the manufacturing of printed circuit boards, electronic housings, protective covers, and others. It offers lower unit costs and faster production while providing excellent general performance in electronic devices. Increasing importance for encapsulation of electronic components, such as circuits and sensors, is a major factor driving the product demand in electronics & appliances.

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Polyurethane Market Report Highlights

• The global market was valued at USD 70.67 billion in 2020 and is estimated to grow at a CAGR of 3.8% from 2021 to 2028
• In terms of revenue, rigid foam accounted for a prominent share in 2020 and is further expected to witness steady growth over the forecast period
• The construction application segment dominated the global market and accounted for a revenue share of more than 26% in 2020
• Asia Pacific accounted for more than 44% share of the global revenue. The robust manufacturing base of the automotive and electronics & appliances industries across China, India, South Korea, and Japan is anticipated to augment regional market growth in the near future
• Various strategic initiatives were recorded over the past few years to boost the market growth
• For instance, in January 2020, BASF SE announced a capacity expansion of its water-based PU dispersion by 30% located in Castellbisbal, Spain. This expansion will enable the company to cater to the growing product demand from the packaging, building & construction, and automotive industries

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

Polyurethane Market Segmentation

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

PU Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

PU Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Furniture & Interiors
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others

PU Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Polyurethane (PU) Market

• Dow, Inc.
• BASF SE
• Covestro AG
• Huntsman International LLC
• Eastman Chemical Company
• Mitsui & Co. Plastics Ltd.
• Mitsubishi Chemical Corp.
• Recticel NV/SA
• Woodbridge
• DIC Corp.
• RTP Company
• The Lubrizol Corp.
• RAMPF Holding GmbH & Co. KG
• Tosoh 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.

Private 5G Network Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

 

Private 5G Network Market Growth & Trends

The global private 5G network market size is estimated to reach USD 14.28 billion by 2028, registering a CAGR of 39.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Significantly growing demand for ultra-reliable low-latency connectivity with an extremely secure network across several mission-critical applications, such as public safety, is expected to boost the deployment of private 5G networks during the forecast period. Moreover, a wide range of industries, including manufacturing, oil & gas, mining, and energy & utility, are investing a massive amount in deploying private 5G telecom service to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth from 2021 to 2028.

The private 5G network is expected to completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity. As such, the need to ensure a secure, seamless, and uninterrupted connectivity with ports, vessels, and ships is estimated to drive the market. At the same time, the continued deployment of private 5G infrastructure is estimated to improve the operational efficiencies in several Industrial IoT (IIoT) use cases. The IIoT use cases include Automated Guided Vehicles (AGV), wireless UHD cameras, machine control systems, collaborative/cloud robots, and remote asset monitoring. Thus, the rising need for higher and secure bandwidth to ensure reliable and unified communication between IIoT devices is expected to propel the market growth over the forecast period.

Key market players are strategically building partnerships with industry giants to set up a private 5G network to provide high-speed secure connectivity to their customers. For instance, in Feb 2020, Nokia Corporation deployed a private 5G network infrastructure for Lufthansa Technik for virtual inspection of engine parts remotely for its civil aviation clients. Moreover, the rising demand for enhanced bandwidth connectivity for secured enterprise applications is anticipated to fuel the adoption of private 5G services globally.

Due to the ongoing Covid-19 pandemic, several key countries, such as the U.S., France, the U.K., and Australia, have temporarily postponed the 5G spectrum auctions. The pandemic has also hampered the production and supply of major telecom equipment needed to deploy the network infrastructure. As a result, it is anticipated to slow market growth over the forecast period.

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Private 5G Network Market Report Highlights

• The hardware segment led the global market accounting for a revenue share of over 56% in 2020 and will retain its dominance throughout the forecast period
• This growth is credited to the increasing deployment of private 5G service, RAN, and backhaul and transport equipment for various mission-critical applications
• With the growing need to provide unified connectivity with low latency to several industrial sensors, the manufacturing sector is anticipated to witness huge market growth over the forecast period
• The sub-6 GHz segment is expected to attain the highest market share by 2028 due to the massive allocation of sub-6 GHz frequencies by communication service providers to deliver network services
• With a rising need to avail affordable and highly secure band of the frequency spectrum for Massive Machine Type Communication (mMTC), the unlicensed/shared spectrum segment is anticipated to account for a significant market share by 2028
• Prominent players are strategically focusing on establishing partnerships to deploy the network in customers’ premises to deliver secure and enhanced wireless connectivity

Access Press Release@ https://www.grandviewresearch.com/press-release/global-private-5g-network-market

Private 5G Network Market Segmentation

Grand View Research has segmented the global private 5G network market on the basis of component, frequency, spectrum, vertical, and region:

Private 5G Network Component Outlook (Revenue, USD Million, 2020 - 2028)

• Hardware
  • Radio Access
  • Core
  • Backhaul & Transport
• Software
• Services
  • Installation & Integration
  • Data Services
  • Support & Maintenance

Private 5G Network Frequency Outlook (Revenue, USD Million, 2020 - 2028)

• Sub-6 GHz
• mmWave

Private 5G Network Spectrum Outlook (Revenue, USD Million, 2020 - 2028)

• Licensed
• Unlicensed/Shared

Private 5G Network Vertical Outlook (Revenue, USD Million, 2020 - 2028)

• Manufacturing
  • Food & Beverages
  • Automotive
  • Pharmaceuticals
  • Electrical & Electronics
  • Heavy Machinery
  • Clothing & Accessories
  • Others
• Energy & Utilities
• Transportation & Logistics
• Defense
• Enterprises & Campus
• Mining
• Healthcare/Hospitals
• Oil & Gas
• Retail
• Agriculture
• Smart Cities
• Others

Private 5G Network Regional Outlook (Revenue, USD Million, 2020 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• South America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Private 5G Network Market

• Telefonaktiebolaget LM Ericsson
• Nokia Corp.
• Huawei Technologies Co., Ltd.
• Samsung
• ZTE Corp.
• Deutsche Telekom
• Juniper Networks
• AT&T Inc.
• Verizon Communications
• Altiostar
• Mavenir
• BT Group
• T-Systems International GmbH
• Cisco Systems, Inc.
• Vodafone 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.

Robotic Process Automation Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 

Robotic Process Automation Market Growth & Trends

The global robotic process automation market size is expected to reach USD 13.74 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 32.8% over the forecast period. The COVID-19 pandemic disrupted enterprise business activities worldwide, resulting in a revenue loss in FY 2020. The decline in enterprises’ revenue resulted in the need for cutting overhead expenses by automating the process and reducing the number of employees involved in performing redundant tasks. Market players leveraged this as an opportunity to introduce robotic process automation (RPA) to enterprises.

The RPA adoption increased in small- and medium-scale organizations that were adversely affected by the slow business and temporary shutdowns. The need to monitor cost and human resources are expected to boost the demand for RPA in organizations of all sizes. The SMEs, in particular, benefited by using RPA by improving employee and customer satisfaction. The need for automating structured and repetitive processes across the organization to increase productivity and rescue operation time is anticipated to drive market growth over the forecast period.

The RPA implementation for automation across different business departments, such as finance and accounting, procurement, human resource, contact center, and industry-specific process, is contributing to the market growth. The industry-specific processes, such as onboarding employee, customer, and vendor; order processing, payroll processing, and report aggregation, are some of the business areas automated using RPA solution. Innovations to computerize redundant undertaking across businesses have accelerated business processes, reduced human error, and amplified throughput.

The inclusion of RPA with cognitive technologies, such as Artificial Intelligence (AI), machine learning, speech recognition, and Natural Language Processing (NLP), can handle high-level tasks using unstructured data and exhibit decision-making capability without human intervention. Robotic process automation was intended to decrease monotonous tasks by following a set of predefined procedures that don’t need information or experiences. However, with AI integration, RPA softbots can function beyond an automated cognitive system by creating a knowledge-based dynamic system. The use of such systems in applications ranging from customer query handling to assembly lines will promote market growth over the forecast period.

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Robotic Process Automation Market Report Highlights

• The services segment is estimated to register the fastest CAGR of more than 30.0% over the forecast period
• The need to develop and implement business-specific automation solutions that save time and reduce operational cost is expected to drive segment growth over the forecast period
• The BFSI application segment is anticipated to account for the highest revenue share of the global market by 2028
• Automation of critical business functions in banking & financial institutions, such as compliance regulations, rekeying, data entry, and assembly & formulation, to reduce human error and save processing time is expected to drive the BFSI segment growth
• North America dominated the global market in 2020 on account of increased product demand across the BFSI, manufacturing, healthcare, and IT & telecom industries

Access Press Release@ https://www.grandviewresearch.com/press-release/global-robotic-process-automation-rpa-market

Robotic Process Automation Market Segmentation

Grand View Research has segmented the global robotic process automation market on the basis of type, service, deployment, organization, application, and region:

RPA Type Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Service

RPA Service Outlook (Revenue, USD Million, 2016 - 2028)

• Consulting
• Implementing
• Training

RPA Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-Premise

RPA Organization Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small and Medium Enterprises (SMEs)

RPA Application Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Pharma & Healthcare
• Retail & Consumer Goods
• Information Technology (IT) & Telecom
• Communication and Media & Education
• Manufacturing
• Logistics, and Energy & Utilities
• Others

RPA Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Robotic Process Automation (RPA) Market

• UiPath
• Automation Anywhere
• Blue Prism
• NICE
• Pegasytems
• KOFAX, Inc.
• NTT Advanced Technology Corp.
• EdgeVerve Systems Ltd.
• FPT Software
• OnviSource, Inc.
• HelpSystems

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.

Commercial Refrigeration Equipment Market to Partake Significant Development During 2021-2028

 

Commercial Refrigeration Equipment Market Growth & Trends

The global commercial refrigeration equipment market size is estimated to reach USD 43.16 billion by 2028, registering an estimated CAGR of 4.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increase in demand for frozen food items and the thriving hospitality and tourism industries are some of the factors driving the market growth.

The growing environmental concerns related to the emission of harmful refrigerants such as Chlorofluorocarbons (CFC) and Hydro-chlorofluorocarbons (HCFC) have led to the implementation of regulations favoring the use of efficient alternatives in commercial refrigeration equipment globally. Under its Clean Air Act, the U.S. Environment Protection Agency (EPA) has mandated the regularized use of low Global Warming Potential (GWP) refrigerants in the equipment for the commercial sector. Such regulations are encouraging commercial refrigerator manufacturers to seek low energy consuming refrigerants to minimize the adverse effect of Greenhouse Gas (GHG) emissions. For instance, in 2020, Hiber, a brand of Ali Group S.r.l. a Socio Unico, added bidirectional IoT connectivity integrated refrigeration cabinets optimized with self-learning systems for reducing energy consumption when the equipment is not in use.

In 2020, the COVID-19 catastrophe majorly disrupted the commercial foodservice industry and retail industries, adversely impacting the growth of the market for commercial refrigeration equipment. However, since December 2019, the research institutes and pharmaceutical companies have highly demanded and utilized vaccine storage refrigerators during their R&D processes to come up with a life-saving vaccine against the coronavirus. The commercial refrigeration equipment has witnessed a boom from the biotechnology and pharmaceutical industry owing to the formulation of the vaccine and later its rollout, and for successfully storing and transporting the vaccines at a global scale.

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Commercial Refrigeration Equipment Market Report Highlights

• The refrigerators and freezers segment accounted for a revenue share of nearly 25.0% in 2020. The rising consumption of vaccine storage units during the COVID-19 pandemic in an attempt to conduct a successful immunization process is anticipated to contribute to the growth
• The U.S. has been the major contributor in the North America region with a revenue share of close to 80.0% in 2020
• By system type, the self-contained refrigeration equipment segment is expected to register a CAGR of nearly 5.0% from 2021 to 2028
• The 51 cu. Ft. - 100 cu. Ft. capacity segment accounted for the largest revenue share in 2020

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

Commercial Refrigeration Equipment Market Segmentation

Grand View Research has segmented the global commercial refrigeration equipment market based on product, application, system type, capacity, and region:

Commercial Refrigeration Equipment Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Transportation Refrigeration Equipment
• Refrigerators & Freezers
• Beverage Refrigeration
• Display Showcases
• Ice Merchandisers & Ice Vending Equipment
• Other Equipment

Commercial Refrigeration Equipment Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Food Service
• Food & Beverage Retail
  • Hypermarkets
  • Supermarkets
  • Convenience Store
  • Specialty Food Store
  • Others
• Food & Beverage Distribution
• Food & Beverage Production
• Others

Commercial Refrigeration Equipment System Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Self-contained
• Remotely Operated

Commercial Refrigeration Equipment Capacity Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 50 cu. Ft
• 50 to 100 cu. Ft
• More than 100 cu. Ft

Commercial Refrigeration Equipment Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of the Commercial Refrigeration Equipment Market

• AB Electrolux
• Ali S.p.A.
• Carrier
• DAIKIN Industries, Ltd.
• Dover Corporation

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.

Commercial Drone Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2028

 Commercial Drone Market Growth & Trends

The global commercial drone market size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.

UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drones have significantly increased. Drones are expected to emerge as versatile tools, which can transform the existing business operations and help to establish new startups.

The prominent industry players are involved in the manufacturing as well as supply of accessories required for drone operation. Additionally, they provide applications for Android/iOS-based smartphones and tablets to efficiently operate and maneuver the drones during flight. These manufacturers offer drones for various verticals, such as security & law enforcement, energy, agricultural, retail, media, and entertainment.

Request a free sample copy or view report summary: Commercial Drone Market Report

Commercial Drone Market Report Highlights

• The ability of drones to perform increasingly complex tasks is likely to improve with advancements in technologies such as collision avoidance and autonomy
• Commercial drones are anticipated to become a potential alternative for the logistics activities of companies, helping them increase their competitive advantage
• Drones are widely being used to inspect power plants, oil and gas, and other industrial sites to ensure proper operations and safeguard these sites
• Newer drone-supportive regulations are expected to lower the entry barriers for startups providing commercial operations of drones
• The advent of drones is set to transform the media industry as it allows the journalism sector to cover news in areas where human entry is prohibited

Access Press Release@ https://www.grandviewresearch.com/press-release/commercial-drone-market

Commercial Drone Market Segmentation

Grand View Research has segmented the global commercial drone market based on product, application, end-use, and region:

Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Fixed-wing
• Rotary Blade
• Hybrid

Commercial Drone Application Outlook (Revenue, USD Million, 2016 - 2028)

• Filming & Photography
• Inspection & Maintenance
• Mapping & Surveying
• Precision Agriculture
• Surveillance & Monitoring
• Others

Commercial Drone End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Agriculture
• Delivery & Logistics
• Energy
• Media & Entertainment
• Real Estate & Construction
• Security & Law Enforcement
• Others

Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • Australia
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • UAE
  • Israel
  • South Africa

List of Key Players in the Commercial Drone Market

• DJI
• Parrot Drones SAS
• YUNEEC
• 3D Robotics
• EHANG

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.