Faucet Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Faucet Market Growth & Trends 

The global faucet market size is anticipated to reach USD 31.1 billion in 2020, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2021 to 2028. The rapid growth of the bathroom fittings industry is presenting lucrative opportunities for faucets as a result of the rising demand for modernized bathrooms and kitchens.

Additionally, the increasing prominence of multi-functionality features on plumbing fixtures, with due importance given to aesthetic appeal is boosting demand for a variety of faucets in the market. Increasing spending on home improvement projects or home remodeling is also boosting the product demand. The need for water conservation measures is also resulting in the greater penetration of new and efficient faucets across applications.

The worldwide impacts of COVID-19 have already been felt and have significantly affected the market. The coronavirus pandemic has brought implications on many aspects, like travel bans, flight cancellations, the closing of restaurants and hotels, restriction on indoor events, significant slowing of the supply chain.

In terms of value, the commercial segment dominated the market and accounted for the largest revenue share globally. By 2028, this segment is expected to account for the highest market share and is also expected to witness the fastest growth over the forecast period. Significant expansion in the commercial sector, including hotels, restaurants, hospitals, public washrooms and toilets, malls and shopping complexes, airports, railway stations, and others is expected to drive the market demand in the near future.

North America was estimated to be the largest shareholder in 2020 and is estimated to be the same over the forecast period. The market growth is mainly attributed to the increased spending on residential renovations and repairs by people across North America. A rise in the construction of commercial buildings has fueled the market for smart and multifunctional faucets. The remodeling of bathrooms in the residential sector is also fueling the demand for smart faucets in the region.

The market is characterized by the presence of several well-established players such as Kohler Co.; Pfister; Delta Faucet Company; Moen Incorporated; and American Standard Brands. These players account for a significant market share and have a strong presence across the country. Moreover, the market comprises small to midsized players, who offer a selected range of faucets and mostly serve local customers.

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Faucet Market Report Highlights

• In terms of value, the commercial segment dominated the market and accounted for the largest revenue share globally. The segment is estimated to witness fastest growth over the forecast period
• In terms of application, bathrooms are estimated to have the largest share in the market. Demand for faucets for bathroom applications is driven by the growing hospitality industry along with the rising real estate sector on a global level. The growing leisure and hospitality sector is the primary factor to fuel the demand for bathroom accessories worldwide
• In terms of distribution channel, the offline segment is estimated to have the largest share in the market. Brick and mortar are the most preferred distribution channel due to their provision of detailed instructions about installation by the product specialists
• North America held the largest revenue share in 2020. The market growth is mainly attributed to the increased spending on residential renovations and repairs by people across North America

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Faucet Market Segmentation

Grand View Research has segmented the global faucet market on the basis of end-user, application, distribution channel, and region:

Faucet End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

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

• Kitchen
• Bathroom
• Others

Faucet Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

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

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

List of Key Players of Faucet Market

• Kohler Co.
• Kraus, USA
• American Standard Brands
• GROHE America Inc.
• Pfister
• Delta Faucet Company
• Moen Incorporated
• Aqua Source Faucet

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.

Athleisure Market Precise Analysis on Business Overview, Product Scope And Ongoing Development by 2028

 Athleisure Market Growth & Trends

The global athleisure market size is anticipated to reach USD 549.41 billion by 2028, registering a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. People require attire that is both comfortable and stylish. Athleisure is defined as a combination of athletic and casual leisure activities and thus, the sector is growing at a rapid pace. It is a popular category because it taps into several broad trends, including a global shift toward consumers wearing more casual clothing, consumers seeking comfortable clothing, and a more health-conscious consumer engaging in more athletic activities and requiring performance clothing for these activities.

True Fit’s Fashion Genome (via Direct Commerce), which analyses data from 17,000 brands and 180 million True Fit users, confirms that athleisure orders have increased by 84% since the pandemic began; sales of women’s athleisure bottoms in the United Kingdom alone were five times higher in December 2020 than in April 2020. In addition, order volumes for men’s athleisure wear sales increased by 20% from the previous year. Target’s activewear line, All in Motion, which had only been launched before the pandemic, reportedly surpassed $1 billion in sales.

According to GQ, at least a dozen new businesses have joined the market with identical origin stories in the previous five years. To mention a few, the British companies Ashmei and Iffley Road; the Danish brand Doxarun; and the American brands Isaora and Tracksmith, with the former focusing on high-end training gear and parkas and the latter investing in a retro Ivy League look.

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Athleisure Market Report Highlights

• The mass athleisure type segment accounted for the largest share of more than 64% in 2020 and is expected to expand at a steady CAGR over the forecast period
• The demand for highly comfortable clothes with sports features has increased in recent years, and wide pockets and elastic knot elements have become important products for carrying large mobile phones, purses, and a few other daily essentials
• The growing popularity of the utility fashion trend has spurred the demand for utility-active apparel
• The yoga apparel segment accounted for the largest revenue share in 2020 and is also estimated to register the fastest CAGR from 2021 to 2028
• North America had the largest market share in 2020; however, Asia Pacific will register the fastest CAGR of more than 10% from 2021 to 2028

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Athleisure Market Segmentation

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

Athleisure Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Mass
• Premium

Athleisure Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Yoga Apparels (Tops, Pants, Shorts, Unitards, Capris, Others)
• Shirts
• Leggings
• Shorts
• Others

Athleisure End-user Outlook (Revenue, USD Billion, 2016 - 2028)

• Men
• Women
• Children

Athleisure Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028)

• Online
• Offline

Athleisure Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Athleisure Market

• Hanes Brands, Inc.
• Adidas AG
• Vuori
• PANGAIA
• Under Armour, Inc.
• Outerknown
• Eileen Fisher
• Patagonia, Inc.
• Wear Pact, LLC
• Lululemon Athletica

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.

Enzymes Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Enzymes Market Growth & Trends

The global enzymes market size is expected to reach USD 17.88 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.5% from 2021 to 2028. Rising consumer awareness regarding health has resulted in the growing consumption of functional food products, which is expected to trigger product demand in the coming years.

The demand for carbohydrase is increasing due to their extensive use as an ingredient in soft drinks. Carbohydrase is categorized into amylase, xylanase, cellulose, pectinase, and lactase. Increasing application of various types of carbohydrase in the pharmaceutical and animal feed sectors is anticipated to drive the market over the forecast period.

The U.S. is expected to continue dominating the North American market over the forecast period due to the high demand for the product from the food and beverage sector and increasing consumer awareness about health. The U.S. market is anticipated to witness notable growth on account of the extensive growth of the nutraceutical and pharmaceutical sectors in the country.

The market for enzymes is highly influenced by dominated supply from key players such as Novozymes AG, DuPont Danisco, and DSM, thus making it oligopolistic. The market has observed a rise in the demand for superior quality specialty enzymes. As a result, raw material distributors and manufacturers have significant opportunities to provide high-quality and uniform enzymes through a reviewed supply chain.

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 Enzymes Market Report Highlights

• By type, industrial enzymes captured the largest revenue share of over 55.0% in 2020. In the industrial enzymes segment, the food and beverages segment captured the largest share in 2020 due to the growing consumption of functional food products and surging utilization of enzymes in bakery applications
• In the specialty enzymes type segment, the pharmaceutical segment held the largest revenue share of over 40.0% in 2020 due to the growing inclusion of enzymes for key applications such as diagnosing diseases, promoting wound healing, and killing disease-causing microorganisms
• By source, the microorganisms segment held the largest revenue share of over 80.0% in 2020 owing to the increasing demand for fungi-based enzymes in numerous end-use industries
• North America held the largest revenue share in 2020 due to the strong presence of various end-use companies in the food and beverage, laundry detergent, pharmaceuticals, and personal care and cosmetics industries, along with high scope for research & development activities in developed countries

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Enzymes Market Segmentation

Grand View Research has segmented the global enzymes market on the basis of type, product, source, and region:

Enzymes Type Outlook (Revenue, USD Million, 2017 - 2028)

• Industrial Enzymes
  • Food & Beverages
  • Detergents
  • Animal Feed
  • Biofuels
  • Textiles
  • Pulp & Paper
  • Nutraceutical
  • Personal Care & Cosmetics
  • Wastewater
  • Others
• Specialty Enzymes
  • Pharmaceutical
  • Research & Biotechnology
  • Diagnostics
  • Biocatalyst

Enzymes Product Outlook (Revenue, USD Million, 2017 - 2028)

• Carbohydrase
• Proteases
• Lipases
• Polymerases &Nucleases
• Others

Enzymes Source Outlook (Revenue, USD Million, 2017 - 2028)

• Plants
• Animals
• Microorganisms

Enzymes Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Enzymes Market

• BASF SE
• Novozymes
• DuPont Danisco
• DSM
• Novus International
• Adisseo
• Associated British Foods Plc
• Hansen Holding A/S
• Advanced Enzyme Technologies
• Lesaffre
• Enzyme Development 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.

Virtual Events Market is Expected to Enhance USD 504.76 Billion Revenue By 2028: Grand View Research Inc.

 Virtual Events Market Growth & Trends

The global virtual events market size is estimated to reach USD 504.76 billion by 2028, recording an estimated CAGR of 23.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The significant rise in business events and increasing adoption of virtual tools, infrastructure, and services by organizations for conducting or attending business meetings across the world is expected to keep the growth of the market high. Furthermore, rapid urbanization and continuous developments of technologies for the convenience of users are also anticipated to aid the growth of the market.

Virtual event platforms have been widely adopted by small and medium businesses for event outsourcing and analytics, content and social media development, access management, and event marketing. In December 2020, 6Connex launched a virtual winter event, Winter Celebration in Virtual Downtown Square that involved holiday-themed virtual venues, music, and movies for friends and families to connect and celebrate. The integration of Artificial Intelligence (AI) with business communication platforms has enabled professionals to save time, increase their productivity, and efficiently improve the workflow of the organization. The adoption of virtual events is surging across various industrial verticals, such as manufacturing, retail, media and entertainment, education and academics, and healthcare, among other prominent sectors.

The market has witnessed substantial growth due to the outbreak of the Covid-19 pandemic, as many organizations had to run their businesses through online platforms. Corporate meetings in various sectors are being conducted virtually to maintain the workflow. The healthcare industry largely deployed digital platforms to monitor patients remotely. In March 2020, Cisco Systems Inc. announced that its offerings, such as the Cisco Webex platform, enterprise solution for online meetings, video conferencing, and webinars, were being deployed by 17,000 healthcare organizations across 118 countries for offering telehealth services.

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Virtual Events Market Report Highlights

• Digital event providers are investing in advanced technology to cater to the growing demand of corporates and organizations from online platforms
• By service, the training service segment is anticipated to witness the fastest growth from 2021 to 2028
• The virtual exhibitions and tradeshows segment accounted for the largest revenue share of over 30.0% in 2020
• The Banking, Financial Services, and Insurance (BFSI) segment is anticipated to record the fastest CAGR over the forecast period
• The large-scale events use-case segment captured the largest revenue share in 2020 and is expected to maintain its dominance over the next seven years
• The Asia Pacific region is expected to register the fastest CAGR of over 26.0% from 2021 to 2028

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Virtual Events Market Segmentation

Grand View Research has segmented the global virtual events market based on event type, service, establishment size, end-use, application, industry vertical, use-case, and region:

Virtual Event Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Internal
• External
• Extended

Virtual Events Service Outlook (Revenue, USD Billion, 2016 - 2028)

• Communication
• Recruitment
• Sales & Marketing
• Training

Virtual Events Establishment Size Outlook (Revenue, USD Billion, 2016 - 2028)

• SMBs
• Large Enterprises

Virtual Events End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Educational Institutions
• Enterprises
• Organizations
• Others

Virtual Events Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Conferences
• Exhibitions/Trade Shows
• Summits
• Others

Virtual Events Industry Vertical Outlook (Revenue, USD Billion, 2016 - 2028)

• Banking, Financial Services, and Insurance (BFSI)
• Consumer Electronics
• Healthcare
• Information Technology (IT)
• Manufacturing
• Media & Entertainment
• Telecom
• Others

Virtual Events Use-case Outlook (Revenue, USD Billion, 2016 - 2028)

• Everyday Events
• Large-scale Events

Virtual Events Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of the Virtual Events Market

• 6Connex
• Cisco Systems, Inc.
• Cvent Inc.
• Microsoft Corporation
• On24, Inc.
• vFairs
• Zoom Communications, 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.

Nitrile Butadiene Rubber Market Set to Witness an Uptick during the Forecast Period: Grand View Research Inc.

 

Nitrile Butadiene Rubber Market Growth & Trends

The global nitrile butadiene rubber market size is anticipated to reach USD 2.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. The market is anticipated to grow by developing automotive, mechanical engineering, medical, construction, oil and gas, and other sectors across the globe. Nitrile butadiene rubber (NBR) products are used for sealing, medical gloves, and belts in transmission and conveyor devices which are expected to drive its demand in the sectors mentioned above over the forecast period.

Nitrile butadiene rubber exhibits low gas permeability, heat resistance, toughness, high tensile strength, good oil resistance, abrasion resistance, low compression set, and resilience. These properties make it popular in applications requiring oil resistance, performance under extreme temperatures, and personal protection. Due to its more comprehensive temperature range, nitrile butadiene rubber is used in the aerospace sector for self-sealing fuel tanks and bladders. Also, hypoallergenic qualities of nitrile butadiene rubber have created the opportunity to manufacture thinner disposable gloves in medical end-use to heavy-duty gloves in nuclear applications.

Key market players are executing expansion strategies to enter new markets and reach a broader audience in the end-use sectors. In April 2021, ARLANXEO entered the Indian sub-continent with the launch of ARLANXEO India Private Limited. India has one of the largest vehicle markets globally and is expected to grow by the end of 2021 further. By growing its presence in India, ARLANXEO aims to broaden its capabilities to meet the needs of quickly expanding industries in India, such as automotive, tires, pharmaceutical, and end-user products.

The market has witnessed mergers and acquisitions by major players to strengthen their market presence. For instance, in April 2020, Synthomer plc acquired OMNOVA Solutions Inc. This acquisition is expected to strengthen Synthomer plc’s presence in North America and increase its presence in Asia, Europe with further penetration of the market in China.

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Nitrile Butadiene Rubber Market Report Highlights

• The market was valued at USD 2.1 billion in 2020 and is estimated to witness a CAGR of 4.4% from 2021 to 2028
• The medical end-use segment is expected to witness the highest CAGR of 5.1% over the forecast period in terms of revenue. The significant CAGR is attributed to increasing use of nitrile butadiene rubber in medical gloves
• The seals and o-rings dominated the product segment in the market and accounted for more than 18.0% of the overall revenue in 2020. This high share is attributed to its use in oil and gas, automotive, medical, construction, and mining end uses
• The increasing demand for nitrile butadiene rubber in automotive owing to its properties such as resistance to oil and chemicals, structural stability in extreme temperatures, and impact resistance is expected to drive the market for nitrile butadiene rubber
• Asia Pacific accounted for more than 55.0% of the overall revenue share in 2020. The market is expected to witness a CAGR of 4.9% over the forecast period

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Nitrile Butadiene Rubber Market Segmentation

Grand View Research has segmented the nitrile butadiene rubber market on the basis of product, end use, and region:

Nitrile Butadiene Rubber Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Hoses
• Belts
• Cables
• Molded & Extruded Products
• Seals & O-rings
• Rubber Compounds
• Adhesives & Sealants
• Gloves
• Foamed Products
• Others

Nitrile Butadiene Rubber End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Automotive
• Mechanical Engineering
• Oil & Gas
• Metallurgy & Mining
• Construction
• Medical
• Others

Nitrile Butadiene Rubber Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Nitrile Butadiene Rubber Market

• ARLANXEO
• Zeon Chemicals L.P.
• NITRIFLEX
• SIBUR
• PetroChina Company Limited
• Dynasol Group
• Synthos S.A.
• KUMHO PETROCHEMICAL
• LG Chem
• JSR 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.

Healthcare Contract Development And Manufacturing Organization Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Healthcare Contract Development & Manufacturing Organization Market Growth & Trends

The global healthcare contract development and manufacturing organization market size is anticipated to reach USD 388.3 billion by 2028, expanding at a CAGR of 8.6%, according to a new report by Grand View Research, Inc. Increasing outsourcing of R&D is one of the major factors contributing to the market growth.

Healthcare contract development and manufacturing organization (CDMO) provides outsourcing services to various pharmaceutical industries on contract basis. Increase in the outsourcing by pharmaceutical companies, growing pharmaceutical industry, and support of CDMOs in reducing the operational and capital expenses are some of the major factors anticipated to propel the market growth over the forecast period.

In addition, growing pressure on pharmaceutical and medical device companies to follow stringent timelines has increased the demand for outsourcing development and manufacturing activities to CDMOs. Further, due to increasing demand for medical devices in the emerging countries, various companies are shifting their focus on research and development and outsourcing medical devices. Also, rise in outsourcing of R&D and growing competency of CDMOs are expected to further contribute to the growing demand for early-stage development CDMOs by life science companies.

However, increasing logistic costs, serialization issues faced by healthcare organizations, and threat of infringement of Intellectual Property (IP) rights are anticipated to restrain the market growth for healthcare contract development & manufacturing organization over the forecast period.

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Healthcare Contract Development & Manufacturing Organization Market Report Highlights

• The contract manufacturing segment dominated the market with a revenue share of 72.7% in 2019 due to increase in the outsourcing of manufacturing services by pharmaceutical and medical device companies
• The preclinical segment is expected to register the highest CAGR of 8.6% over the forecast period due to rising prevalence of many lifestyle-influenced diseases
• North America dominated the healthcare contract development and manufacturing organization market with the largest revenue share of 41.2% in 2019 owing to the presence of large number of CROs and CMOs in the region
• The Asia Pacific region is projected to witness the fastest growth during the forecast period owing to low-cost service offered by Asian CROs and CMOs
• Some of the key market players are Catalent Inc.; Lonza Group Ltd.; Recipharm AB; Siegfried Holding AG; Thermo Fisher Scientific Inc.; Covance Inc.; Jabil Inc.; Sanmina Corporation; IQVIA Holdings Inc.; and Flex Ltd.

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Healthcare Contract Development & Manufacturing Organization Market Segmentation

Grand View Research has segmented the global healthcare contract development & manufacturing organization market based on services and region:

Healthcare Contract Development And Manufacturing Organization Services Outlook (Revenue, USD Billion, 2016 - 2028)

• Contract development
  • Small Molecule
    • Preclinical
      • Bioanalysis and DMPK studies
      • Toxicology Testing
      • Other Preclinical Services
    • Clinical
      • Phase I
      • Phase II
      • Phase III
      • Phase IV
    • Laboratory Services
      • Bioanalytical Services
      • Analytical Services
    • Large Molecule
      • Cell Line development
      • Process Development
        • Upstream
          • Microbial
          • Mammalian
          • Others
        • Downstream
          • MABs
          • Recombinant proteins
          • Others
        • Others
      • Contract manufacturing
        • Small Molecule
        • Large Molecule
          • MABs
          • Recombinant proteins
          • Others
        • High Potency API
        • Finished Dose Formulations
          • Solid Dose Formulation
          • Liquid Dose Formulation
          • Injectable Dose Formulation
        • Medical Devices
          • Class I
          • Class II
          • Class III

Healthcare Contract Development And Manufacturing Organization Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Sweden
  • Switzerland
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Philippines
  • Malaysia
  • New Zealand
  • Singapore
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Egypt
  • Israel
  • UAE

List of Key Players of Healthcare Contract Development And Manufacturing Organization Market

• Catalent Inc.
• Lonza Group Ltd.
• Recipharm AB
• Siegfried Holding AG
• Thermo Fisher Scientific Inc.
• Covance Inc.
• Jabil
• Sanmina Corporation
• IQVIA Holdings Inc.
• Flex

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.

Intelligent Transportation System Market Size Is Predicted To Reach A Valuation Of USD 42,936.1 Million By 2028: Grand View Research Inc.

 Intelligent Transportation System Market Growth & Trends

The global intelligent transportation system market size is expected to reach USD 42,936.1 million by 2028, registering a CAGR of 7.0% from 2021 to 2028, according to a new study by Grand View Research, Inc. Continued advances in the development of transportation networks have triggered the need for an efficient transportation system. At the same time, advances in the latest technologies, such as blind-spot detection and electronic toll collection, are continuously redefining the expectations and prospects for sustainable management of transportation networks and traffic. At this juncture, the growing need to present real-time traffic information to drivers and passengers is emerging as one of the key factors driving the demand for intelligent transportation system (ITS).

Advances in telecommunications technologies and the evolution of IT systems are expected to help in reducing traffic congestions. Given that modern traffic control strategies focus more on utilizing real-time data while simultaneously addressing impact criteria, such as emission control; the integration of ITS with smart grid and other energy distribution and charging systems can potentially help distribution agencies in utilizing the real-time data to draft capacity expansion strategies for the future. According to the ITS Development Strategy drafted by the Department of Transport of the Republic of Korea, intelligent transportation systems can help significantly in reducing traffic congestion, preventing automobile idling, and subsequently in reducing fuel consumption and hence greenhouse gas emissions.

The growing volumes of data involved in transportation management are driving the need for more sophisticated data processing solutions. As such, intelligent transportation systems are leveraging AI to track data in real-time and optimize efficiency. International Business Machine’s Watson is an example of the implementation of artificial intelligence (AI) in transportation management to identify damages to logistics assets leveraging cognitive visual recognition capabilities and to manage the network and optimize routes leveraging predictive analysis.

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Intelligent Transportation System Market Report Highlights

• The Advanced Traveler Information System (ATMS) segment is anticipated to register considerable growth over the forecast period. ATMS provides traffic management solutions that can potentially improve road safety while enhancing traffic flows and mobility. Traffic management solutions offer real-time data that can help in analyzing and responding to emergencies immediately
• The traffic management segment accounted for the largest market share of over 30% in 2020 and is expected to continue dominating the market over the forecast period. The increase in travel time and hence the fuel consumption and the subsequent monetary losses stemming from traffic congestions are driving the necessity for implementing efficient traffic management systems. Traffic management systems also help in enhancing the operational performance and reliability of road networks
• The North America regional market is anticipated to reach USD 16.13 billion by 2028. The regional market is expected to continue dominating the global market over the forecast period leveraging the advances in telecommunications technology and the aggressive investments in research and development, deployment, and adoption of intelligent transportation systems across the U.S.

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Intelligent Transportation System Market Segmentation

Grand View Research has segmented the global intelligent transportation system market based on type, application, and region:

Intelligent Transportation System Type Outlook (Revenue, USD Million, 2018 - 2028)

• Advanced Traveler Information System (ATIS)
• Advanced Traffic Management System (ATMS)
• Advanced Transportation Pricing System (ATPS)
• Advanced Public Transportation System (APTS)
• Emergency Medical System (EMS)

Intelligent Transportation System Application Outlook (Revenue, USD Million, 2018 - 2028)

• Traffic Management
• Road Safety and Security
• Freight Management
• Public Transport
• Environment Protection
• Automotive Telematics
• Parking Management
• Road Tolling Systems

Intelligent Transportation System Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• South America
  • Brazil
  • Argentina
• MEA
  • UAE
  • KSA

List of Key Players of Intelligent Transportation System Market

• Addco
• Agero, Inc.
• DENSO CORPORATION
• EFKON GmbH
• Hitachi, Ltd.
• Garmin Ltd.
• Thales Group
• Xerox Corporation
• Recardo
• Sensys Networks, Inc.
• Telenav, Inc.
• Iteris, Inc.
• Kapsch TrafficCom
• Lanner
• Nuance Communications, Inc.
• Q-Free ASA
• Siemens AG
• TomTom International BV
• TransCore

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.

Lithium-Ion Battery Market Top Players, Segments, Cost Structure, Demand, Sales by 2027: Grand View Research Inc.

 

Lithium-ion Battery Market Growth & Trends

The global lithium-ion battery market size is expected to reach USD 87.5 billion by 2027, expanding at a CAGR of 13.0%, according to a new report by Grand View Research, Inc. Rising sales of Electric Vehicles (EVs) and variation in consumer preferences is expected to drive the market.

Improved usage of li-ion batteries in EVs, grid storage, and portable consumer electronics systems owed to its high safety level with high energy density is projected to drive market growth. These batteries are used in applications that can provide a high-energy-density solution and are lightweight. Thus, these batteries offer maximum energy density per weight and are frequently used in smartphones, computers, and HEVs.

In addition, technological advancements to decrease the weight and cost of the battery and to increase power output and efficiency are expected to enhance market expansion. Efficient distribution channels are likely to be an essential method for market players to attain a competitive advantage. The industrial application segment dominated the overall market and accounted for over 34.3% of the total revenue in 2019.

The energy storage system application segment is expected to witness an estimated CAGR of 13.8% from 2020 to 2027 owing to the advancements in solar PV and wind energy systems in countries, including China, Germany, and the United States. Asia Pacific accounted for 33.1% of the global market share in 2019. The region is likely to illustrate a substantial rise on account of the execution of government policies to promote EVs in China and India.

Encouraging incentives are taken by the government authorities, including the net metering system, have stimulated the installation of rooftop solar photovoltaic panels. Battery energy storage system is an integral part of rooftop solar panels for power generation process, as solar energy can be stored in the system can be used during the night. This, in turn, will subsequently drive the demand for lithium-ion batteries in the coming years.

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Lithium-ion Battery Market Report Highlights

• The LMO product segment was valued over USD 5.3 billion in 2019
• Asia Pacific region is projected to grow at a substantial rate throughout the forecast period. India is expected to account for the maximum market share in the Asia Pacific
• The Lithium Cobalt Oxide (LCO) segment dominated the industry and accounted for 18.2% of total market revenue in 2019
• In North America, the market is likely to display a moderate growth rate during the projected period

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

Lithium-ion Battery Market Segmentation

Grand View Research has segmented the global lithium-ion battery market on the basis of product, application, and region:

Lithium-ion Battery Product Outlook (Revenue, USD Billion, 2016 - 2027)

• Lithium cobalt oxide (LCO)
• Lithium iron phosphate (LFP)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)
• Lithium Manganese Oxide (LMO)
• Lithium Titanate (LTO)
• Lithium Nickel Manganese Cobalt (LNMC)

Lithium-ion Battery Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Consumer Electronics
• Automotive
• Energy storage system
• Industrial

Lithium-ion Battery Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Russia
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Central and South America
  • Brazil
  • Colombia
  • Paraguay
• The Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt

List of Key Players of Lithium-ion Battery Market

• GS Yuasa International Ltd.
• BYD Company Ltd.
• A123 Systems LLC
• Hitachi Chemical Co., Ltd.
• Shenzhen Huayu New Energy Technology Co., Ltd.
• Johnson Controls
• NEC Corporation, Panasonic Corporation
• Samsung SDI Co., Ltd.
• Toshiba Corporation
• LG Chem Ltd.
• Saft
• Sony Corporation
• Narada Power Source Co., Ltd.
• Contemporary Amperex Technology Co.

About Grand View Research

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

Industrial Refrigeration Systems Market Top Players ,Analysis And Forecast Till 2028: Grand View Research Inc.

 Industrial Refrigeration Systems Market Growth & Trends

The global industrial refrigeration systems market size is estimated to reach USD 22.65 billion by 2028, registering a CAGR of 3.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growth of food retail chains worldwide is expected to boost the demand for industrial refrigeration systems over the forecast period. Moreover, increasing initiatives taken by governments to improve and strengthen the cold chain infrastructure are expected to drive market growth.

Rising concerns around global warming have shifted the focus of industrial refrigeration system manufacturers and users from the thermodynamic properties of refrigerants to their Ozone Depletion Potential (ODP) and Global Warming Potential (GWP). Major industrial refrigeration systems players are focused on designing environment-friendly refrigeration systems owing to various benefits they offer, such as cost-effectiveness, lower power consumption, and low toxicity. For instance, in October 2019, EVAPCO, Inc., a prominent industrial refrigeration systems manufacturer, expanded its product line of low-charge packaged ammonia chiller systems by adding the Large-Single (LS) and Large Dual (LD) models. The products feature a Small-Single (SS) capacity of 250 Tons of Refrigeration (TR) at a supply glycol of 22°F.

The rising concerns regarding the use of refrigerants with a high global warming potential are expected to encourage developments in alternative industrial refrigeration systems. Magnetic refrigeration is another emerging technology that does not use a refrigerant but a heating or cooling liquid, is often water-based and has higher energy efficiency.

The shutdown of manufacturing and transportation facilities and food production units to prevent the spread of Covid-19 has resulted in a decline in the sales of industrial refrigeration systems. However, the increased deployment of cold chains to store and preserve vaccines and refrigerated transportation systems for facilitating its reach in large quantities is anticipated to continue supporting the market growth.

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Industrial Refrigeration Systems Market Report Highlights

• The food and beverage segment accounted for the highest revenue share of over 55.0% of the overall market in 2020. The segment growth can be attributed to the rising disposable income and increased demand for packaged and processed food by consumers
• The compressors segment is anticipated to witness the highest CAGR of around 5.0% over the forecast period. The growth can be attributed to the availability of natural refrigerants, which help compressors in increasing the cooling capacity and reduce the contribution to global warming
• The Asia Pacific market is expected to witness the fastest growth, accounting for a CAGR of over 5.0% from 2021 to 2028. The rising adoption of cold chain infrastructure is expected to drive market growth in the region

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

Industrial Refrigeration Systems Market Segmentation

Grand View Research has segmented the global industrial refrigeration systems market based on component, capacity, application, and region:

Industrial Refrigeration Systems Component Outlook (Revenue, USD Billion, 2018 - 2028)

• Compressors
  • Rotary Screw Compressors
  • Centrifugal Compressors
  • Reciprocating Compressors
  • Other Compressors
• Condensers
• Evaporators
• Controls
• Others

Industrial Refrigeration Systems Capacity Outlook (Revenue, USD Billion, 2018 - 2028)

• Less than 100 kW
• 100-500 kW
• 500kW-1,000kW
• 1,000kW-5,000kW
• More than 5,000 kW

Industrial Refrigeration Systems Application Outlook (Revenue, USD Billion, 2018 - 2028)

• Refrigerated Warehouse
• Food & Beverage
• Chemical, Petrochemical, & Pharmaceutical
• Refrigerated Transportation

Industrial Refrigeration Systems Regional Outlook (Revenue, USD Billion, 2018 - 2028)

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

List of Key Players in the Industrial Refrigeration Systems Market

• Johnson Controls
• Emerson Electric Co.
• Danfoss
• GEA Group Aktiengesellschaft
• MAYEKAWA MFG. CO., LTD.
• BITZER Kühlmaschinenbau GmbH
• DAIKIN INDUSTRIES, Ltd.
• EVAPCO, Inc.
• Güntner GmbH & Co. KG
• LU-VE S.p.A.

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.