Micro-mobility Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 Micro-mobility Market Growth & Trends

The global micro-mobility market size is expected to reach USD 69.32 billion by 2028, registering a CAGR of 13.7%, from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The growing carbon emission by traditional fuel-based vehicles has been a key concern for government authorities. The sustainability move toward smart cities is one of the key factors responsible for the adoption of eco-friendly and cost-effective transportation. Since the electric kick scooters, electric bicycles, and electric skateboards run on batteries, there are no carbon or gaseous emissions from these vehicles. This mode of transportation is gaining popularity amongst environmentally conscious commuters. Adopting such eco-friendly vehicles not only reduces the carbon and sulfur emissions in the atmosphere but also decreases fuel consumption. Furthermore, these vehicles use ultra-quiet chains for operating the electric motor, thereby facilitating noise-free rides.

The market growth can be attributed to the growth of the shared micro-mobility service industry across the world, which has spurred the demand for electric kick scooters, electric bicycles, and electric skateboards. Companies such as Bird Rides, Inc.; Lime; Spin; and Uber Technologies Inc. offering electric scooter-sharing services, are procuring electric kick scooters mainly from manufacturers such as Ninebot-Segway, Yadea Technology Group Co., Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., and Xiaomi.

Furthermore, the penetration of electric kick scooter-sharing services is witnessing an exponential adoption rate since 2016. Companies such as YoBike and Pony Bikes; Urbo Solutions and Bleeper Bikes; and Bykeare offering electric bicycle-sharing services across Europe. The growth of the market can be attributed to the increasing adoption of scooters and bicycles as the preferred mode of transportation, especially from the time when electric kick scooters and electric bicycles entered this market space.

The Asia Pacific region is expected to emerge as the prominent region with China as the largest electric kick scooters market owing to the presence of several electric kick scooter manufacturers such as JIANGSU XINRI E-VEHICLE CO., Air wheel Holding Limited, Yadea Technology Group Co., Ltd., LTD., and Xiaomi in China. The country accounted for the largest share of the market in 2020. Moreover, the regional market growth can be attributed to the increasing need for reducing carbon emissions and developing technologically advanced and fast-charging stations.

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Micro-mobility Market Report Highlights

• The electric bicycle segment dominated the market in 2020 and is expected to reach USD 62.52 billion by 2028
• The sealed lead-acid battery segment dominated the market in 2020 and is expected to reach USD 36.68 billion by 2028
• Asia Pacific is projected to account for the largest market share and is expected to reach USD 32.01 billion by 2028
• Some of the prominent participants in the industry are Yadea Technology Group Co. Ltd.; JIANGSU XINRI E-VEHICLE CO., LTD.; Xiaomi; SEGWAY INC.; SWAGTRON; Boosted USA; Airwheel Holding Limited; YAMAHA MOTOR CO. LTD.; Accell Group; and Derby Cycle

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Micro-mobility Market Segmentation

Grand View Research has segmented the global micro-mobility market based on vehicle type, battery, voltage, and region:

Micro-mobility Vehicle Type Outlook (Revenue, USD Million, 2018 - 2028)

• Electric Kick Scooters
• Electric Skateboards
• Electric Bicycles

Micro-mobility Battery Outlook (Revenue, USD Million, 2018 - 2028)

• Sealed Lead Acid
• NiMH
• Li-Ion

Micro-mobility Voltage Outlook (Revenue, USD Million, 2018 - 2028)

• Below 24V
• 36V
• 48V
• Greater than 48V

Micro-mobility Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Micro-mobility Market

• Yadea Technology Group Co., Ltd.
• JIANGSU XINRI E-VEHICLE CO., LTD.
• Xiaomi
• SEGWAY INC.
• SWAGTRON
• Boosted USA
• Airwheel Holding Limited
• YAMAHA MOTOR CO., LTD.
• Accell Group
• Derby Cycle

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.

Smart Lighting Market Projected To Be Worth USD 46.90 Billion By 2028: Grand View Research Inc.

 Smart Lighting Market Growth & Trends

The global smart lighting market size is expected to reach USD 46.90 billion by 2028, registering a CAGR of 20.4%, from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The market growth is attributable to the development of smart cities, the rising trend of smart homes, intelligent street lighting systems, and the need for implementing energy-efficient lighting systems. Although smart lights are expensive compared to general lights, their advantages outweigh the overall installation cost. However, the high price of smart lights restricted market growth as the purchasing capacity of the middle-class income group declined during the COVID-19 pandemic.

The new trend of home automation is penetrating houses with middle and high-income group consumers. The trend is further fueled by constantly evolving IoT technology for smart homes; wherein smart lights can be connected to control the functions of electronic devices. Moreover, personal assistants such as Alexa, Crotona, and Siri can be synced with a smart light app to control lighting hue, brightness, on/off time, and other functions using only voice commands. Similar transformation using smart lights has also penetrated the commercial spaces. Retail has emerged as the top beneficiary of smart lighting. Apart from energy efficiency, the “smart” lighting systems installed in retail stores are leveraging Bluetooth Low Energy (BLE) and Visible Light Communication (VLC) technology which allows LED light fixtures to communicate wirelessly with the antennas and cameras in smartphones. Thus smart lighting technology helps retailers reach customers visiting the shop premises to send offers and product availability information based on their purchasing pattern. Similar add-on integrated functions are expected to augment the market growth in the upcoming years.

The residential, commercial, and industrial sector is slowly making in-roads with the integration of Artificial Intelligence (AI), Internet of Things (IoT), and other technologies to extend the capability of smart lights. With aid from AI in the local network, the smart light creates safe and sustainable lighting solutions while safeguarding users' privacy as the data is not uploaded to the cloud. Data privacy has been one of the main concerns when smart lighting is connected via Wi-Fi and other wireless methods to electronic appliances. It serves as a way for hackers to infiltrate the premise network to access personal information. Moreover, the incidence of hacking has increased during COVID-19 across the internet-connected infrastructure. Hence, building a robust security infrastructure to provide internet-free offline connectivity can restrict the hacker and improve efficiency and adoption of smart lighting over the forecast period.

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Smart Lighting Market Report Highlights

• The wireless segment in the market is anticipated to witness the fastest growth over the forecast period. The growth is attributed to demand for quick connectivity in the confined area using Z-wave, ZigBee, Wi-Fi, and Bluetooth
• The hardware segment is expected to attain the highest revenue contribution in 2020 as lamps and fixtures are an inseparable component of smart lighting. The lamp and luminaire are integrated with sensors, dimmers, and other electronic components to perform controllable functions such as changing hues, dimming based on outside weather, and switching on/off as per set time
• The Asia Pacific region is expected to witness the highest growth rate over the forecast period owing to the large-scale development of smart city projects in China, Japan, and South Korea. Moreover, increasing investment from India, Singapore, Thailand, and Malaysia to install energy-efficient smart lighting will bolster the market growth across Asian countries
• Some of the major players operating in the market are Acuity Brands; Signify Holding; Honeywell International Inc.; Ideal Industries, Inc.; Häfele GmbH & Co KG; Wipro Consumer Lighting; YEELIGHT; Schneider Electric SA; and Honeywell Inc. These vendors are dominant players in the market owing to their extensive product portfolio offering a smart lighting lamp and luminaires

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Smart Lighting Market Segmentation

Grand View Research has segmented the global smart lighting market based on component, connectivity, application, and region:

Smart Lighting Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
  • Lamp
  • Luminaire
• Software
• Services

Smart Lighting Connectivity Outlook (Revenue, USD Million, 2017 - 2028)

• Wired
• Wireless

Smart Lighting Application Outlook (Revenue, USD Million, 2017 - 2028)

• Indoor
  • Residential
  • Commercial and Industrial
• Outdoor
  • Highways and Roadways
  • Architectural
  • Others

Smart Lighting Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Smart Lighting Market

• Acuity Brands
• Signify Holding
• Honeywell International Inc.
• Itron Inc (Streetlight Vision)
• Ideal Industries, Inc.
• Häfele GmbH & Co KG
• Wipro Consumer Lighting
• YEELIGHT
• Sengled Optoelectronics Co., Ltd.
• Verizon
• Schneider Electric SA

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.

Civil Aviation Industry to Reflect Robust Expansion During 2021-2028: Grand View Research Inc.

 COVID-19 Impact On Civil Aviation Industry, Growth & Trends

The outbreak of the COVID-19 pandemic has taken a severe toll on the global civil aviation industry, which has had to confront considerable revenue losses over the past year. The industry is poised for a gradual recovery and is expected to reach USD 1.09 trillion by 2028, registering a CAGR of 8.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. Airline operators took a drastic hit as several governments across the world imposed restrictions on the movement of people as part of the efforts to arrest the spread of coronavirus and people preferred keeping travel-related activities at bay owing to concerns over the risk of contraction of the disease. The demand for air travel continued to plummet as a result.

The initial response to the outbreak of the pandemic was limited to prohibiting travelers from China. However, with the rapid spread of coronavirus across the world, several governments went on to impose travel bans. The World Health Organization (WHO) coordinated with various governments to issue a global health advisory and urged people across the globe to avoid all travel activities. The subsequent dramatic decline in air passenger traffic following such containment measures poses a severe threat to numerous incumbents of the aviation industry.

At this juncture, airline operators are focusing aggressively on reviving themselves amid the challenging situation. Airlines are also focusing on regaining passengers' trust by ensuring sanitized cabins and guaranteeing touchless travel. At the same time, several governments worldwide are instilling cash in the aviation industry. Numerous airlines in the U.S. and the Gulf have already become solvent, even with reduced revenue inflows, leveraging the support they received from their respective governments.

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COVID-19 Impact On Civil Aviation Industry, Report Highlights

• Both domestic and international air passenger traffic plummeted approximately 60% over the year in 2020. However, domestic air travel is recovering ahead of international air travel as various governments are easing the restrictions on the movement of people and permitting domestic air travel
• Airlines are putting a strong emphasis on enhancing the traveling experience by implementing solutions based on the latest technologies, such as thermal scanning, biometric scanning, and UV ray disinfection
• Asia Pacific is expected to recover faster than other regional markets. The level of consumer confidence among passengers in the region has been improving as a result of the efforts being pursued by the governments in the region to contain the spread of coronavirus
• Operators, including American Airlines, Alaska Airlines, and South West Airlines, are adopting unique marketing plans to attract passengers as part of the efforts to augment the revenues

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Civil Aviation Industry Segmentation

Grand View Research has segmented the global COVID-19 impact on civil aviation industry based on region:

COVID-19 Impact on Civil Aviation Regional Outlook (Revenue, USD Billion, 2018 - 2028)

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

About Grand View Research

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

Home Bedding Is Extremely Important For A Good Sleep

 

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The increasing popularity of low-profile beds and greyscale color palettes indicating the trend of minimalist bedrooms is driving the market in the global scenario. In addition, the growing adoption of adjustable beds, particularly among the baby boomer generation, is increasing the demand for customized mattresses and bed linens, thus boosting the sales of home bedding products across the globe. The boom in the housing sector and growing consumer spending on home furnishings have expanded the growth scenario for the market.

Aluminum Die Casting Market is Projected to Boost USD 35.64 Billion by 2028: Grand View Research Inc.

 Aluminum Die Casting Market Growth & Trends

The global aluminum die casting market size is expected to reach USD 35.64 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. The growth of the telecommunication sector, coupled with the increasing demand for lightweight materials from the automotive and aerospace industries, is expected to propel the market growth in the coming years.

Die casting is a process performed by forcing molten aluminum into a steel die (mold) under pressure. Based on production process, the market is segregated into pressure die casting and other processes. Pressure die casting is further segmented into high and low, where the former constitutes a larger share owing to its higher production rates. On average, European vehicles consist of 80-100 kilograms of high pressure die casting (HPDC) components. Other types of die casting include vacuum and squeeze, which find use in applications, such as solar sensors and turbine blades.

Aluminum die casting components are extensively used in numerous industries, including transportation, industrial, building and construction, telecommunication, consumer durables, and energy. The transportation industry is anticipated to maintain its lead over the forecast period as it is the key consumer of aluminum die casting. Aluminum die-cast parts are used in general road and sports road transportation, heavy vehicles, and aerospace sectors.

Asia Pacific is anticipated to register the fastest growth rate over the forecast period. Progress in manufacturing activities in developing economies of the region is propelling product demand. For instance, in September 2020, Hyundai Motor began production at its second plant in Vietnam, which is expected to increase the production capacity by 140%.

Rising product demand has led to increased competitive rivalry in the market. Major market players are set to gain a competitive edge and recover their losses from the previous year owing to the pandemic, through means of strategic initiatives such as mergers & acquisitions and increasing production capacities.

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Aluminum Die Casting Market Report Highlights

• Based on application, telecommunication is expected to register the highest CAGR of 6.8% in terms of revenue over the forecast period owing to increasing technological advancements and rising investments in the sector
• In the pressure die casting production process segment, HPDC held the largest revenue share in 2020 and is anticipated to maintain its lead over the forecast period. This can be attributed to the high preference for HPDC among casting manufacturers owing to the high efficiency of the process
• Asia Pacific held the largest revenue share of over 45.0% in 2020 on account of the increasing investments in developing economies pertaining to capacity expansions, especially in the transportation industry
• In North America, the U.S. accounted for a revenue share of over 64.0% in 2020. Rising construction spending, coupled with EV production in the country, is expected to prove fruitful for the market growth during the coming years

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Aluminum Die Casting Market Segmentation

Grand View Research has segmented the global aluminum die casting market on the basis of production process, application, and region:

Aluminum Die Casting Production Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Pressure Die Casting
  • High Pressure Die Casting
  • Low Pressure Die Casting
• Others

Aluminum Die Casting Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Transportation
  • General Road Transportation
  • Sports Road Transportation
  • Heavy Vehicles
  • Aerospace & Aviation
• Industrial
  • Agricultural Equipment
  • Construction Equipment
  • Others
• Building & Construction
• Telecommunication
• Consumer Durables
• Energy
• Others

Aluminum Die Casting Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Aluminum Die Casting Market

• Alcast Technologies
• BUVO Castings
• Chongqing CHAL Precision Aluminium Co., Ltd.
• Consolidated Metco, Inc.
• Endurance Technologies Limited
• FAIST Group
• GF Casting Solutions
• GIBBS
• Martinrea Honsel Germany GmbH
• Madison-Kipp Corporation
• Ryobi Limited

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.

Toys And Games Market Size Is Expected To Reach USD 406.97 Billion by 2028

 Toys And Games Market Growth & Trends 

The global toys and games market size is expected to reach USD 406.97 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2021 to 2028. Toys and games sales increased as the outbreak spread and parents realized they have been spending more time at home. Toy sales increased in 2020, with games and puzzles, dolls and action figures, and outdoor play being the most popular categories. The use of weather-related items was a big aspect of that outdoor activity. Sleds, snow-coloring toys, inflatables, and tools for building snow structures flew off the shelves.

Due to ease of accessibility, a large range of products, and competitive pricing, consumers are increasingly purchasing toys and games through the e-commerce channel. Furthermore, internet portals provide assistance 24 hours a day, seven days a week, and offer a wide range of products to choose from and substantial discounts on branded products.

Families wanted to spread a little extra cheer during the pandemic, thus retailers had a successful holiday season in 2020. According to figures issued by the National Retail Federation, holiday sales increased by 8.3 percent in 2019. Sports toys such as skateboards and scooters outperformed fashion dolls and accessories and building sets like Lego. Due to the increased traffic to its website on Black Friday, Lego had to construct a virtual wait for online consumers.

Traditional toys and games are being developed in emerging countries due to a significant increase in birth rates and an increasing percentage of young people. The market for toys and games has benefited from shifting preferences toward sustainable toys and rising living standards in nations, such as China, India, and Russia.

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Toys And Games Market Report Highlights

• By product, the electronic games segment accounted for the largest share of more than 64.0% in 2020
• The offline distribution channel segment accounted for the largest share of over 50.0% in 2020. The online segment is expected to witness the fastest growth over the forecast period
• Asia Pacific captured the largest share of over 40.0% in 2020. Companies have expanded their reach to countries like China and Japan through improved e-commerce or opening stores in new locations

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Toys And Games Market Segmentation

Grand View Research has segmented the global toys and games market on the basis of product, end user, distribution channel, and region:

Toys & Games Product Outlook (Revenue, USD Billion, 2015 - 2028)

• Electronic Games
• Outdoor & Sport Toys
• Dolls
• Preschool Toys
• Games & Puzzles
• Others

Toys & Games End-user Outlook (Revenue, USD Billion, 2015 - 2028)

• 0 - 8 age
• 9 - 15 age
• 15 age & above

Toys & Games Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2028)

• Offline
• Online

Toys & Games Regional Outlook (Revenue, USD Billion, 2015 - 2028)

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

List of Key Players of Toys And Games Market

• Dream International Limited
• VTech Holdings Limited
• The LEGO Group
• Sanrio Company, Ltd.
• Playmates Toys Limited
• JAKKS Pacific, Inc.
• Mattel
• Hasbro
• Konami Holdings Corporation
• Bandai Namco Holdings 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.

Africa Diesel Generator Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 Africa Diesel Generator Market Growth & Trends

The Africa diesel generator market size is expected to reach USD 8.36 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. The rise in demand for these products is being witnessed with the easing of lockdown restrictions in countries in Africa, which will increase the demand for diesel generators from this power range over the forecast period.

Above 3,000 kVA diesel generators are mainly utilized by large-scale industries involved in metal production, food and beverages, mining, and automobile manufacturing. Major vendors such as Mitsubishi Heavy Industries, Ltd. and Caterpillar provide diesel generators in this power rating range which are capable of providing emergency power supply and continuous power supply in case of unexpected power outages.

The banking sector came under the essential category during the pandemic, which resulted in the normal operation of banks in countries of the African region. However, construction of new banks and renovation in existing banks was on hold in the majority of the countries owing to restrictions on construction activities during the pandemic and fund diversion by banks to financially sustain the pandemic.

Diesel generators in tourism sectors are utilized in hotels and resorts. Diesel generators are majorly utilized for providing backup power supply in case of short or longer-duration power outages. However, diesel generators also account to be a source of continuous power supply in tourist places which has no access to grid power. Hotel owners generally opt for diesel generators over other backup power supply options owing to low capital cost and easy availability of diesel.

However, the COVID-19 pandemic has resulted in a reduction in demand from this power range due to the closure of automobile manufacturing, mining, and construction activities as per the mandate of lockdown imposed in various countries. The rise in demand for medical equipment such as ventilators and necessary medicines has resulted in high demand for diesel generators from the pharmaceutical and medical equipment manufacturing industries. Additionally, the lifting of lockdown in various countries has resulted in starting of industrial activities which are expected to boost the growth of this power segment over the forecast period.

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Africa Diesel Generator Market Report Highlights

• In terms of revenue, the up to 100 KVA segment accounted for a prominent share in the market in 2020 and is expected to witness significant growth over the forecast period
• The up to 100 KVA power rating segment dominated the market and accounted for more than 57.50% of the revenue share in 2020
• In 2020, South Africa accounted for more than 16% revenue share in the overall market. The government is taking various structural reforms to facilitate growth in the country over the forecast period
• An increase in urbanization in the country has driven water management and demand for housing projects in Algeria. Further, the government has set a goal to build around 55 new dams in the country by 2030 for achieving a water storage capacity of around 12 billion cubic meters

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Africa Diesel Generator Market Segmentation

Grand View Research has segmented the Africa diesel generator market based on power rating, end use, and country:

Africa Diesel Generator Power Rating Outlook (Volume, Units; Revenue, USD Million, 2017 - 2028)

• Up to 100 kVA
• 100-350 kVA
• 350-750 kVA
• 750-1000 kVA
• 1000-2000 kVA
• 2000-3000 kVA
• Above 3000 kVA

Africa Diesel Generator End-use Outlook (Volume, Units; Revenue, USD Million, 2017 - 2028)

• Manufacturing
• Construction
• Telecom
• Mining
• Data Center
• Tourism
• Banking
• Others

Africa Diesel Generator Country Outlook (Volume, Units; Revenue, USD Million, 2017 - 2028)

• Kenya
• Algeria
• South Africa
• Ethiopia
• Ghana
• Tanzania
• Morocco
• Mali
• Uganda

List of Key Players of the Africa Diesel Generator Market

• Caterpillar
• Cummins Inc.
• Atlas Copco AB
• AKSA power generation
• Kohler Co
• HIMOINSA
• Wartsila
• Kirloskar Oil Engines Ltd.
• MITSUBISHI HEAVY INDUSTRY 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.

Post-consumer Recycled Plastics In Consumer Electronics Market Forecasted to Grow at Steady Pace During 2021-2028: Grand View Research Inc.

 Post-consumer Recycled Plastics In Consumer Electronics Market Growth & Trends

The global post-consumer recycled plastics in consumer electronics market size is expected to reach USD 21.6 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028. Increasing adoption of the post-consumer recycled plastic resin in consumer electronics production is projected to fuel the market growth during the forecast period. Growing e-waste has become a global concern, which many countries have started addressing. Many companies have started implementing post-consumer recycled plastics in their electronic products and included them in their sustainability goals.

The COVID-19 pandemic has made electronic products an intrinsic part of consumer’s lifestyles. In addition, a rising number of environmental conservation awareness programs are being carried out, keeping both the consumers and electronic device manufacturers well-informed about the growing e-waste. Many end-use companies have already started using post-consumer recycled plastics in their products. This helps them to not only control the raw material cost but also position themselves environmentally friendly in comparison to their counterparts. For instance, Lenovo Group Limited uses recycled plastics in the manufacture of its notebooks, desktops, workstations, monitors, and accessories.

Lenovo began using 30% post-consumer recycled content (PCC) plastic derived from scrap PET bottles to produce ThinkVision L193P monitors in 2007. The company’s timeline shows that by 2010, over 10% of the plastics sourced from its supplier contained recycled plastic content. In 2017, Lenovo collaborated with a PCC supplier to use closed-loop PCC materials in its products and packaging materials. Since then, Lenovo has expanded the use of closed-loop post-consumer recycled plastics from 21 products in 2018 to 66 products in 2019. This has seen a 214% increase in recycled plastic usage in its product portfolio.

In May 2021, Acer, Inc. introduced its first laptop made from post-consumer recycled plastic. The Acer Aspire Vero uses recycled plastic in the device’s chassis and keyboard. In February 2020, the Hewlett-Packard Development Company, L.P. announced its new Pavilion notebook series to use consumer recycled and ocean-bound plastics in the construction of speaker housing. This is estimated to keep approximately 92,000 plastic bottles out of the oceans and landfills. Smartphone manufacturer, Apple, Inc., in October 2020, announced to use 35% or more recycled plastic in 14 components of its iPhone12 model.

Environmental awareness has propelled many electronics companies to produce electronic devices from recycled plastics as a part of their sustainability goals. This can prove to be one of the major driving factors for the production of post-consumer recycled plastic over the forecasted period and can fuel the demand for electronic devices manufactured using these raw materials.

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Post-consumer Recycled Plastics In Consumer Electronics Market Report Highlights

• In terms of revenue, the polycarbonate segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
• The laptop monitor enclosures application segment dominated the market and accounted for more than 25.0% of the revenue share in 2020
• As of 2020, the Asia Pacific accounted for more than 64.0% revenue share in the overall market. The presence of a well-established manufacturing base for consumer electronics in Taiwan, Japan, China, and South Korea among other countries is anticipated to provide further impetus to the regional market growth
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in September 2020, Trinseo along with INEOS Styrolution Group GmbH, Germany initiated its plan to build a recycling plant in France. The plant is expected to process 50 tons of post-consumer polystyrene feedstock per day and use 30% of recycled polystyrene content in end products by 2025. The plant will be operational by 2023

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Post-consumer Recycled Plastics In Consumer Electronics Market Segmentation

Grand View Research has segmented the global post-consumer recycled plastics in consumer electronics market based on source, product, application, and region:

Post-consumer Recycled Plastics In Consumer Electronics Source Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Non-bottle Rigid
• Bottles
• Others

Post-consumer Recycled Plastics In Consumer Electronics Product Type Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Polycarbonate (PC)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Polypropylene (PP)
• Acrylonitrile Butadiene Styrene (ABS)
• Polycarbonate/ Acrylonitrile Butadiene Styrene (PC/ABS)

Post-consumer Recycled Plastics In Consumer Electronics Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• TV Frames
• Laptop Monitor Enclosures
• LCD Panels
• Portable Hand-held Devices
• Wearables
• Mobile Phone Bodies
• Appliances & White Goods
• Others

Post-consumer Recycled Plastics In Consumer Electronics Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of the Post-consumer Recycled Plastics In Consumer Electronics Market

• BASF SE
• SABIC
• Covestro AG
• Trinseo S.A.
• MBA Polymers Inc.
• INEOS Styrolution Group GmbH
• LAVERGNE, Inc.
• PolyVisions

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.

North America Automotive Heat Shield Market Trends, Growth Prospects To 2028: Grand View Research Inc.

 North America Automotive Heat Shield Market Growth & Trends

The North America automotive heat shield market size is expected to reach USD 2.60 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increasing adoption of electric vehicles coupled with need for improved thermal management in the IC engines to boost engine efficiency is expected to propel demand for the automotive heat shields in the coming years.

The increased adoption of electric and hybrid electric vehicles is one of the prime factors likely to contribute to the growth of the market over the forecast period. For instance, in 2019, the U.S. electric car manufacturer Tesla delivered 367,500 electric vehicles worldwide, whereas, in 2020, the deliveries reached their peak at 509,737globally, with U.S. accounting for 50% of the global sale.

Dana Limited manufactures different types of automotive heat shields including heat shields with integrated gaskets, aluminum, direct insulation, insulated & sound-absorbing heat shields. Morgan Advanced Materials uses its shell technology and sandwich technology for durable and lightweight automotive heat shields. Its shell technology uses Super wool and glass or silica fiber for high thermal performance solutions.

Request a free sample copy or view report summary: North America Automotive Heat Shield Market Report

North America Automotive Heat Shield Market Report Highlights

• The single-shell segment dominated the market and accounted for over 55% of market share in 2020 owing to its prevalent use in passenger cars and HCVs. Sandwich heat shields are expected to grow at a CAGR of 4.3% over the forecast period owing to growing use in exhaust pipes and catalytic converters against heat and moisture intrusion of saltwater corrosion.
• The engine compartment segment was the largest application and accounted for more than 30% of revenue share in 2020. Automotive heat shield finds vast applications in various parts and components of engine compartment as this space accounts for the maximum heat dissipation.
• Non-metallic segment is expected to witness surge in demand, growing at a CAGR of 4.1% over the forecast period owing to manufacturers opting for lightweight products with better thermal efficiency.
• The product demand in Mexico is expected to be driven by increasing investments by automotive manufacturers in the region. Mexico has emerged as a manufacturing hub supported by favorable government policies, trade policies, and availability of skilled labor.
• Prominent players including Dana Limited, DuPont, Morgan Advanced Materials, Zircotec, and Autoneum are engaged in designing and developing automotive heat shields with different product specifications and technologies.

Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-automotive-heat-shield-market-analysis

North America Automotive Heat Shield Market Segmentation

Grand View Research has segmented the North America automotive heat shield market on the basis of product, application, material, vehicle-type and region:

North America Automotive Heat Shield Product Outlook (Revenue, USD Million; 2017 - 2028)

• Single-shell
• Double-shell
• Sandwich

North America Automotive Heat Shield Application Outlook (Revenue, USD Million; 2017 - 2028)

• Exhaust system
• Turbocharger
• Under Bonnet
• Engine Compartment
• Under Chassis

North America Automotive Heat Shield Material Outlook (Revenue, USD Million; 2017 - 2028)

• Metallic
• Non-metallic

North America Automotive Heat Shield Vehicle-type Outlook (Revenue, USD Million; 2017 - 2028)

• IC Passenger Cars
• IC Light Commercial Vehicles
• IC Heavy Commercial Vehicles
• Electric Vehicles

North America Automotive Heat Shield Regional Outlook (Revenue, USD Million; 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico

List of Key Players of North America Automotive Heat Shield Market

• DuPont
• DANA Incorporated
• Zircotec
• Morgan Advanced Materials
• Autoneum
• ElringKlinger AG
• Lydall Inc.
• Tenneco Inc.
• Carcoustics
• UGN Inc.
• HKO Group
• Shiloh Industries, Inc.
• The Narmco Group
• NICHIAS Corporation
• Röchling SE & Co. KG

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.

Carbonated Soft Drink Market Size is Expected to Reach USD 320.1 Billion by 2028

 

Know More- https://www.grandviewresearch.com/industry-analysis/carbonated-soft-drinks-market

Modern-day consumers can be seen focusing on convenience, and thus a large part of everyday purchase includes single grab-and-go products rather than the conventional bulk buying products. This has led to shelf-stable innovations and eco-friendly packaging, made with clean, renewable materials, and fewer preservatives and chemicals. The products are continually being improved and innovated to create something for everyone. Owing to growing consumer health awareness, companies are now more focused on including natural, low-calorie, and low-sugar ingredients in their products, like using stevia sweeteners instead of conventional or synthetic sweeteners.

Growth Predicted for the Brain Health Supplements

 

Know More- https://www.grandviewresearch.com/industry-analysis/brain-health-supplements-market

The increasing interest in improving and maintaining brain health among consumers has been driving product demand over the world. Furthermore, the growing number of promotional activities, rising self-directed users, and increasing willingness to improve brain functions are positively impacting the growth of the market. These supplements help improve consumers' memory, focus, mood, sleep, creativity, relaxation, and other brain functions. Moreover, the easy availability of these over-the-counter (OTC) products in both physical and online stores is boosting sales over the years.

Automated Visual Field Analyzer Market is Thriving USD 265.5 Million Revenue by 2028: Grand View Research Inc.

 Automated Visual Field Analyzer Market Growth & Trends

The global automated visual field analyzer market size is expected to reach USD 265.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. The growing frequency of new product launches and the rise in the incidence of ocular diseases such as glaucoma and cataract are key drivers to market growth.

The global impact of COVID-19 on eye health, along with population aging, and environmental and lifestyle changes are the factors expected to result in a substantial increase in the number of individuals suffering from visual impairment and blindness. At least 2.2 billion individuals worldwide have a near or far vision impairment.

Technological advancements in automated visual field analyzers have significantly reduced turnaround time and increased accuracy in visual field testing. One of the major such advances has been the introduction of new software algorithms. Some of the key reasons anticipated to drive the growth of the market include an increase in the frequency of new product launches. Novel tests of visual function are being developed as a result of recent technological advancements. Diagnostic testing using portable, low-cost equipment now enables the examination of patient populations with limited access to health care and permits testing to occur outside of the clinical environment or at home.

Many public and private organizations are taking steps to raise awareness about eye health and vision care among the general public, optometrists, and ophthalmologists for the diagnosis and treatment of ophthalmic diseases, such as conducting awareness and advertising campaigns and workshops. Additionally, several suppliers provide ophthalmologists and technician’s hands-on training in visual field analyzers through courses, tutorials, and workshops. Such activities assist to raise knowledge about ocular illnesses and accessible diagnostic equipment, such as ophthalmic perimeters, which will drive the market.

Request a free sample copy or view report summary: Automated Visual Field Analyzer Market Report

Automated Visual Field Analyzer Market Report Highlights

• The static perimeters segment held the largest revenue share in 2020 owing to its extensive use in capturing large data points for automated visual field testing
• The hospital segment held the largest revenue share in 2020 owing to the increasing number of hospitals in developing countries and growing competition in healthcare service providers
• The ophthalmic clinics segment is expected to experience the fastest growth rate during the forecast period due to its convenience, proximity, and lower costs to patients and insurers
• Asia Pacific is anticipated to witness the fastest CAGR of around 7.5% over the forecast period due to the presence of untapped opportunities in the emerging economies in China and India

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automated-visual-field-analyzer-market

Automated Visual Field Analyzer Market Segmentation

Grand View Research has segmented the global automated visual field analyzer market based on product, end use, and region:

Automated Visual Field Analyzer Product Outlook (Revenue, USD Million, 2016 - 2028)

• Static
• Kinetic

Automated Visual Field Analyzer End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ophthalmic Clinics
• Others

Automated Visual Field Analyzer Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Automated Visual Field Analyzer Market

• Carl Zeiss
• Haag-Streit AG
• Elektron Eye Technology
• Heidelberg Engineering
• Kowa Company, Ltd
• Optopol
• OCULUS 
• Metrovision
• MEDA Co., Ltd. 
• Topcon

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.