Energy Harvesting System Market to Witness a Pronounce Growth During 2020 – 2028: Grand View Research Inc.

 Energy Harvesting System Market Growth & Trends

The global energy harvesting system market size is expected to reach USD 986.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 10.2% from 2020 to 2028. Growing expenditure in infrastructure and industry development is anticipated to have a positive impact on the global market over the projected period.

The COVID-19 pandemic has caused many disruptions in the market. However, mobility and economic activity are likely to accelerate with time. This is expected to increase commercial and industrial demand for Internet of Things (IoT) projects deployment, which will increase the demand for energy harvesting systems in the future.

IoT has gained widespread momentum across all industrial sectors including automotive, energy, defense, consumer electronics, and healthcare, among others. The increasing preference towards offering data-centric, personalized experiences to the customers is pushing companies to connect as many devices as possible to gather more consumer-related data.

Europe accounted for the maximum share of the global revenue in 2020 due to supporting policies by the European Union. European countries are investing in and focusing on the maximum utilization of IoTs to drive the technology’s advancement across various end-use sectors in the region, such as building & home automation, lighting, industrial, and automated meter reading.

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Energy Harvesting System Market Report Highlights

• The market is highly fragmented as it has different categories of technology, application, and service providers
• The industrial application type segment accounted for the largest revenue share of more than 30% in 2020
• The vibration technology segment led the global market in 2020 with a revenue share of over 32%
• Government schemes aim to promote product installation across industrial, residential, and commercial applications
• These systems can be operated on-grid as well as off-grid depending on the application and location
• Moreover, the multiple benefits of these systems over conventional power generation methods are expected to fuel the market growth

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Energy Harvesting System Market Segmentation

Grand View Research has segmented the global energy harvesting system market based on technology, vibration technology, component, application, and region:

Energy Harvesting System Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Lights
• Vibration
• Radio Frequency
• Thermal

Energy Harvesting System Vibration Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Piezoelectric
• Electromagnetic
• Electrostatic
• Electrodynamic

Energy Harvesting System Component Outlook (Revenue, USD Million, 2017 - 2028)

• Sensor
• Transducer
• Power Management IC (PMIC)
• Secondary/Backup Battery
• Others

Energy Harvesting System Application Outlook (Revenue, USD Million, 2017 - 2028)

• Consumer Technology
• Home & Building Automation
• Industrial
• Transportation
• Security
• Others

Energy Harvesting SystemRegional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Energy Harvesting System Market

• ABB
• Schneider Electric
• Bionic Power, Inc.
• STMicroelectronics
• Cymbet
• EnOcean GmbH
• Powercast Corp.
• Mahle GmbH
• Analog Devices, Inc.
• Texas Instruments, 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.

Aerial Work Platform Market is Expected to Enhance USD 25.91 Billion Revenue By 2028: Grand View Research Inc.

 Aerial Work Platform Market Growth & Trends

The global aerial work platform market size is anticipated to reach USD 25.91 billion by 2028, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. The rising demand for aerial work platforms (AWPs) is attributed to their widespread utilization in end-use industries, such as construction, transportation & logistics, retail, storage, and warehouse. Increasing construction activities across the globe are expected to open new growth avenues for the market. Rising government investments in the construction of residential buildings, commercial complexes, and public transport infrastructure, are expected to propel the demand for aerial lifts over the forecast period.

Recent years have witnessed a positive trend in the demand for different types of AWPs, especially boom lifts and scissor lifts, in various end-use industries, such as construction, retail stores & warehouses, and transportation & logistics. These aerial platforms reduce human efforts to a large extent and help reach inaccessible heights with comfort. The global market exhibits the dominance of well-established players, such as Terex Corp., MEC, Aichi Corp., Haulotte Group, and Linamar Corp. The established players in the industry exhibit higher sales and a broader distribution network along with a wider product line.

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Aerial Work Platform Market Report Highlights

• The electric AWP accounted for the largest revenue share in 2020 due to the increased product demand in the indoor maintenance and repair activities
• The demand for boom lifts is expected to grow at the fastest CAGR of 6.8% over the forecast period owing to their ability to maneuver various obstacles, especially in repairing electric utilities and construction-related activities
• The demand for AWP in the transportation and logistics sector is projected to register the fastest CAGR during the forecast period owing to the increasing number of warehouses and logistic centers around the globe
• Asia Pacific is estimated to witness the maximum growth rate over the forecast period on account of the rising construction activities in ASEAN countries along with the growing e-commercesector in the region
• The market is expected to be spurred by technological advancements, such as Genie’s launch of E-Drive slab scissor lifts, which run on an optimized AC electric drive system to achieve emission-free and clean operations in compact premises, such as hospitals, gymnasiums, and supermarkets

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Aerial Work Platform Market Segmentation

Grand View Research has segmented the global aerial work platform market on the basis of engine type, product type, end use, and region

AWP Engine Type Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)

• Electric
• Engine-powered

AWP Product Type Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)

• Scissor Lifts
• Boom Lifts
• Vehicle-mounted Platforms
• Others

AWP End-use Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)

• Rental
• Construction & Mining
• Transportation &Logistics
• Others

AWP Regional Outlook (Volume, Units; Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Aerial Work Platform Market

• Terex Corp.
• MEC
• JLG Industries
• Galmon (Singapore)
• Aichi Corp.
• EdmoLift AB
• Wiese USA
• Linamar Corp.
• Advance Lifts, Inc.
• Haulotte Group

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.

Barite Market to Witness Soaring Growth During 2021 – 2028: Grand View Research Inc.

 Barite Market Growth & Trends

The global barite market size is expected to reach 1.59 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.7% from 2021 to 2028. Rising investments in increasing offshore explorations in the oil and gas industry are anticipated to augment the market growth over the forecast period.

Barite is a naturally occurring barium-based mineral. It is found in hydrothermal ore veins, sedimentary rocks like limestone, clay deposits, marine deposits, and cavities in igneous rock. According to the USGS, its global mine production was 7,500 kilotons in 2020 down from 8,870 kilotons in 2019 owing to the COVID-19 pandemic. China and India are the leading producers of barite.

The oil and gas application segment accounted for the largest revenue share in 2020 as barite is mainly used as a weighting agent in formulating drilling mud. Investments in new offshore exploration projects are anticipated to benefit the market growth. For instance, in January 2021, Egypt announced to invest USD 1.4 billion in exploring oil and gas at nine new sites. The country’s Ministry of Petroleum and Mineral Resources expects to drill 23 new wells across the Mediterranean and Red Sea.

The Middle East and Africa held the second-largest revenue share in 2020. Investments in oil and gas projects of the region are expected to boost the product demand. For instance, in June 2021, the Nigerian Content Development and Monitoring Board (NCDMB) approved four firms: Nishan Industries Limited, Delta Prospectors Limited, Ana Industries Limited, and Bakers Hughes Company Limited for supplying barite required for any drilling project in the Nigerian oil and gas industry.

The market is competitive with the growing interest of players in barite projects. For instance, in July 2021, Apollo Gold & Silver Corp. acquired 100% interest in the Waterloo Silver-Barite project from Pan American Minerals, Inc. The project is located in San Bernadino County California, U.S.

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Barite Market Report Highlights

• By application, the chemicals segment is anticipated to expand at the fastest CAGR of 4.6%, in terms of revenue, over the forecast period. Barite is extensively used in producing barium compounds, which are further employed in different end-use industries, such as paper, rubber, leather, ceramics, and glass
• Barite is an excellent substitute for expensive materials used in paints and coatings. It is an excellent replacement for filler materials, such as crypton, titanium dioxide, and basofor
• Asia Pacific is expected to register the fastest revenue-based CAGR over the forecast period. Growing investments in the exploration of oil and gas in different countries of the region are expected to augment the product demand over the forecast period
• In 2020, the emergence of the COVID-19 pandemic had a significant impact on barite demand since oil companies were devastated by excess supply and decreased demand

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Barite Market Segmentation

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

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

• Oil & Gas
• Chemicals
• Fillers
• Others

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

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

List of Key Players of Barite Market

• Andhra Pradesh Mineral Development Corporation Ltd.
• Ashapura Group
• Excalibur Minerals LLC
• P & S Barite Mining Co. Ltd.
• Schlumberger 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.

Alternative Data Market Trends Regulations And Competitive Landscape Outlook to 2028

 Alternative Data Market Growth & Trends

The global alternative data market size is expected to reach USD 69.36 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 58.5% from 2021 to 2028. The increasing emphasis on gaining alpha from hedge funds is expected to boost the demand for alternative data. The asset managers from hedge funds, mutual funds, private equity funds, pension funds, unit trusts, life insurance companies, and other BFSI entities are highly inclining to use alternative data to derive predictive insights. Moreover, the use of alternative data for risk management processes is expected to drive the market.

Nowadays, data sources are not limited to transactions and email receipts as companies are finding ways to extract data from various emerging sources. These include social media, web traffic, mobile devices, sensors, IoT-based devices, satellites, and e-commerce portals. The data analysts utilize this data in correlation with each other to derive various hidden patterns and insights. However, the data collected from some of these sources conflict with privacy regulations such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). Thus, the data aggregators and end-users need regulatory compliance, which ensures their datasets are free from Personal Identifiable Information (PII).

North America dominated the market in 2020 with a share of more than 68.0% and is estimated to continue dominating the market from 2021 to 2028. The emerging presence of numerous alternative data providers in the U.S is the major driving factor. Companies such as Advan, Eagle Alpha, M Science, and YipitData are providing various types of alternative data, including credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile usage, satellite, weather data, social and sentiment data, and web scraped data. The acquisitions and partnership initiatives from companies, such as Nasdaq and S&P Global Platts, are further expected to fuel the regional market growth. Asia Pacific is expected to emerge as one of the fastest-growing regional markets over the forecast period. This is due to the rising use cases of alternative data in the BFSI, retail, automotive, and telecommunication industries. The use of alternative data for investments and risk assessment, particularly from companies in emerging economies, such as India and China, is expected to boost the regional market growth.

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Alternative Data Market Report Highlights

• Amidst the coronavirus pandemic, the companies are using alternative data collected from social media, mobile phones, applications, wearables, and other IoT-based devices to assess changes in consumer behavior patterns related to purchases and interests
• By data type, the credit and debit card transactions segment is anticipated to exhibit the highest CAGR from 2021 to 2028 owing to the high accuracy of the data type and significant demand from asset managers
• Based on end user, hedge fund operators held the largest revenue share in 2020 on account of the rising demand for alt data from the investors and firms to identify lucrative investment opportunities and generate alpha
• The BFSI industry segment is held the largest share in 2020 as the entities such as hedge funds, mutual funds, and insurance companies are the early adopters of alternative data
• North America dominated the global market and accounted for over 68.0% share of the global revenue in 2020. The region is expected to maintain its lead from 2021 to 2028
• Emerging economies, such as India, Thailand, Singapore, and China, are expected to drive the Asia Pacific market owing to the rising use cases of alternative data for predictive risk assessment

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Alternative Data Market Segmentation

Grand View Research has segmented the global alternative data market based on data type, industry, end user, and region:

Alternative Data Type Outlook (Revenue, USD Million, 2017 - 2028)

• Credit & Debit Card Transactions
• Email Receipts
• Geo-location (Foot Traffic) Records
• Mobile Application Usage
• Satellite & Weather Data
• Social & Sentiment Data
• Web Scraped Data
• Web Traffic
• Other Data Types

Alternative Data Industry Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• BFSI
• Energy
• Industrial
• IT & Telecommunications
• Media & Entertainment
• Real Estate & Construction
• Retail
• Transportation & Logistics
• Other Industries

Alternative Data End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Hedge Fund Operators
• Investment Institutions
• Retail Companies
• Other End Users

Alternative Data Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Alternative Data Market

• 1010Data
• Advan
• Dataminr
• Earnest Research
• M Science
• Preqin
• RavenPack
• Thinknum Alternative Data
• UBS Evidence Lab
• YipitData

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.

Aluminum Die Casting Market is Anticipated to Upgrade USD 35.64 Billion Revenue 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.

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

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

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

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

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

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

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.