Vegan Cheese Market Growth With Worldwide Industry Analysis To 2030: Grand View Research Inc.

 Vegan Cheese Market Growth & Trends

The global vegan cheese market size is expected to reach USD 7.10 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.6% from 2022 to 2030. Increasing acceptance of veganism among consumers, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products.

The mozzarella product segment held the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is available in the form of slices, cubes, shredded, and spreads. Therefore, the demand for mozzarella is significantly high in countries where Italian cuisine is increasingly popular. The cashew source segment captured the largest revenue share in 2021. Cashew-based cheese contains low fat and vitamin B2 and B12. This makes it favorable among health-conscious consumers all over the world. Furthermore, gluten-free and cholesterol-free cashew products are gaining traction owing to their health benefits.

The B2C end-use segment led the market in 2021. Increased consumer disposable income and willingness to spend on premium products have led to a rise in the demand for plant-based cheese in the household segment. The market for vegan cheese has a large number of regional and international players. These manufacturing companies have been launching new products across the globe owing to the rising demand for vegan products among vegetarian, vegan, and health-conscious consumers.

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Vegan Cheese Market Report Highlights

• Asia Pacific is expected to expand at the fastest CAGR of 14.1% from 2022 to 2030. The growing demand for plant-based bakery and confectionery products in Asia Pacific is expected to fuel the sale of products, including vegan cheese, in the upcoming years
• The ricotta product segment is projected to register the fastest CAGR of 14.0% from 2022 to 2030. The growing application of the product in Italian dishes such as manicotti, lasagna, roll-up, high tea, and ravioli has been fueling the demand for the product
• The soy source segment is projected to register the fastest CAGR of 13.1% from 2022 to 2030. It is a low-cost substitute for dairy and it has a complete balance of desirable fatty acids and amino acids
• The B2B end-use segment is expected to register the fastest CAGR of 13.0% from 2022 to 2030. Several restaurants, fast food chains, and casual dining venues have been incorporating plant-based foods and drinks in their menus owing to the rising popularity of a flexitarian and vegan diet

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Vegan Cheese Market Segmentation

Grand View Research has segmented the global vegan cheese market on the basis of product, source, end use, and region:

Vegan Cheese Product Outlook (Revenue, USD Million, 2017 - 2030)

• Mozzarella
• Cheddar
• Parmesan
• Ricotta
• Cream Cheese
• Others

Vegan Cheese Source Outlook (Revenue, USD Million, 2017 - 2030)

• Soy
• Almond
• Cashew
• Coconut
• Others

 Vegan Cheese End-use Outlook (Revenue, USD Million, 2017 - 2030)

• B2C
• B2B

Vegan Cheese Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Vegan Cheese Market

• Treeline Cheese
• Follow Your Heart
• Daiya Foods Inc.
• Kite Hill
• Violife
• Dr-Cow Tree Nut Cheese
• Tofutti Brands, Inc.
• Tyne Chease Limited
• Miyoko's Creamery
• Parmela Creamery

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.

Skin Care Products Market Size, Industry Share And Growth Analysis For 2021-2028: Grand View Research Inc.

 Skin Care Products Market Growth & Trends

The global skin care products market size is expected to reach USD 188.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.8% from 2021 to 2028. Rising concerns regarding skin problems are driving the industry for skin care products. The growing demand for concern-specific skin care products such as face creams, body lotions, shaving lotions and creams, and face sunscreens is likely to fuel the overall demand.

Rising awareness regarding the various benefits of using skin care products has resulted in a rise in their demand over the last few years. Moreover, an inclination toward natural and organic skin care products is observed, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals.

The female gender segment held the largest share in 2020 and is expected to maintain its lead over the forecast period. Women are increasingly adding personal grooming products to their daily routines to enhance their confidence and appearance. The increased demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market growth.

The supermarkets and hypermarkets distribution channel segment held the largest share in 2020.A large number of consumers prefer buying skin care products from hypermarkets and supermarkets due to the shopping experience offered by these stores. The ability to physically verify these products, along with expert assistance, is another major factor contributing to the growth of this distribution channel. The market for skin care products is consolidated with the presence of a large number of international players and a few regional players.

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Skin Care Products Market Report Highlights

• Asia Pacific held the largest revenue share in 2020. The increasing consumption of skin care and cosmetic products in the emerging markets of China and India due to a growing number of new product launches and rising concerns about skin health, the harmful effects of UV rays, and skin conditions are likely to positively influence the market growth in the APAC region
• The others product segment is projected to register the fastest CAGR of 5.7% from 2021 to 2028.The other segment includes various types of skin care products such as face masks and serums. Serums are generally used to get a fresher, younger skin appearance by reducing blemishes and providing essential hydration
• By distribution channel, the supermarkets and hypermarkets segment is expected to witness the fastest growth during the forecast period owing to a shift in consumer shopping behavior. Hypermarkets and supermarkets sell a variety of cosmetic and beauty care products for both men and women. Owing to the increasing demand for cosmetic products and rising shelf space, many of these stores have trained professionals in the cosmetics and beauty aisles to provide customers expert guidance and recommendations

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Skin Care Products Market Segmentation

Grand View Research has segmented the global skin care products market on the basis of gender, product, distribution channel, and region:

Skin Care Products Gender Outlook (Revenue, USD Million, 2016 - 2028)

• Male
• Female

Skin Care Products Outlook (Revenue, USD Million, 2016 - 2028)

• Face Creams & Moisturizers
• Cleansers & Face Wash
• Sunscreen
• Body Creams & Moisturizers
• Shaving Lotions & Creams
• Others

Skin Care Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Supermarkets & Hypermarkets
• Convenience Stores
• Pharmacy & Drugstore
• Online
• Others

Skin Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Skin Care Products Market

• L’Oreal S.A.
• Beiersdorf AG
• Shiseido Co., Ltd.
• Procter & Gamble (P&G)
• Unilever
• Johnson & Johnson Services, Inc.
• Avon Products, Inc.
• Coty Inc.
• Colgate-Palmolive Company
• Revlon

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.

EClinical Solutions Market Overview, Analysis And Forecast To 2030: Grand View Research Inc.

 eClinical Solutions Market Growth & Trends

The global eClinical solutions market size is expected to reach USD 21.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.6% from 2022 to 2030. Increasing R&D activities by biopharma and pharma companies, application of software solutions in clinical trials, and expanding customer base are anticipated to fuel market growth. During the COVID-19 pandemic, clinical laboratories experienced high demand for COVID-19 tests. eClinical solutions, such as the clinical data management systems assisted these laboratories to seamlessly manage the huge influx of specimens daily. Technological advancements such as electronic data capture and Wi-Fi connectivity are projected to drive the market in the forthcoming years.

As the demand for tracking and analyzing clinical data increases, the need for effective clinical solutions rises. Unmet needs to manage efficient clinical development processes are poised to boost market growth over the forecast period. Moreover, digital transformation in the field of clinical trials and preference for data-centric approaches are providing a tremendous push to the market. Demand for integrated clinical IT solutions is increasing due to the massive volume of data generated during clinical development processes. eClinical solutions offer a single source of information that helps optimize the cost by eliminating redundant data entry and by reducing on-site verification and source data verification. Rising awareness regarding these advantages is projected to propel the market.

Increasing adoption of eClinical workflows in trials offers enormous potential in clinical development processes. These solutions can facilitate decision-making in each stage of development. It also helps reduce cost and time between the development phase by utilizing seamless designs and by identifying failing compounds. In addition, it offers rapid access to data and patient safety information, which helps make quick decisions. Market players engage in new product development and strategic alliances including partnership agreements, promotional activities, and acquisitions to keep market rivalry high. For instance, in October 2020, Oracle entered into collaboration with FHI Clinical Inc. for improving clinical trial efficiency and to get therapies to market faster.

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eClinical Solutions Market Report Highlights

• CTMS led the product segment in 2021 and accounted for a revenue share of around 21% owing to benefits of the product such as centralized end-to-end management of clinical trial activities, elimination of reliance on manual processes, real-time status tracking, and maintenance of multiple databases, which cumulatively improve the overall efficiency of clinical trials
• The cloud-based systems segment is anticipated to exhibit an exponential CAGR of 15.1% during the forecast period owing to integrated features such as flexibility, high accessibility, negligible handling costs, and easy data backup. Real-time data is available through these systems, which enables users to take quick decisions and provide high-quality information for risk-based monitoring
• The CROs segment held the largest revenue share in the market in 2021. The segment is projected to rise at a remarkable CAGR of 13.9% during the forecast period owing to the growing inclination of pharmaceutical companies to reduce overall expenditure
• Key companies engage in various business strategies such as mergers and acquisitions and new product development to gain greater market share

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eClinical Solutions Market Segmentation

 Grand View Research has segmented the global eClinical solutions market on the basis of product, delivery mode, development phase, end-use, and region:

eClinical Solutions Product Outlook (Revenue, USD Million, 2017 - 2030)

• Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS) 
• Clinical Trial Management Systems (CTMS)
• Clinical Analytics Platforms
• Randomization and Trial Supply Management (RTSM) 
• Clinical Data Integration Platforms
• Electronic Clinical Outcome Assessment (eCOA)
• Safety Solutions
• Electronic Trial Master File (eTMF)

eClinical Solutions Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Web-hosted (On-Demand)
• Licensed Enterprise (On-premise)
• Cloud-based

eClinical Solutions Development Phase Outlook (Revenue, USD Million, 2017 - 2030)

• Phase I
• Phase II
• Phase III
• Phase IV

eClinical Solutions End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals/Healthcare providers
• CROs
• Academic Institutes
• Pharma & Biotech Organizations
• Medical Device Manufacturers

eClinical Solutions Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Sweden
  • Denmark
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • New Zealand
  • Taiwan
  • Hong Kong
  • Singapore
  • Thailand
  • Vietnam
• Central & South America
  • Brazil
  • Argentina
  • Chile
• MEA
  • South Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • Egypt
  • Qatar

List of Key Players of eClinical Solutions Market

• DATATRAK International, Inc
• Oracle
• Parexel International Corporation
• Dassault Systemes
• Bioclinica
• CRF Health
• ERT Clinical
• eClinicalWorks
• IBM Watson Health
• Anju Life Sciences Software
• eClinical Solutions

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.

Ultraviolet Disinfection Equipment Market Revenue is Expected to Reach USD 8.39 Billion by 2028: Grand View Research Inc.

 Ultraviolet Disinfection Equipment Market Growth & Trends

The global ultraviolet disinfection equipment market size is expected to reach USD 8.39 billion by 2028, registering a CAGR of 12.1% over the forecast period, according to a new report by Grand View Research, Inc. The rising prevalence of coronavirus coupled with the increasing R&D spending is expected to boost the product demand over the forecast period.

The COVID-19 pandemic has increased the pressure on the healthcare systems of numerous countries. Growth in the COVID-19 cases has resulted in a wide range of hospitals incorporating ultraviolet (UV) systems to disinfect the high-risk indoor setting, which, in turn, is expected to increase the product demand over the coming years.

UV has been a choice of disinfectant to ensure bacteria-free water in industries, such as food & beverage and pharmaceutical. However, the rising demand for disinfection technologies owing to the increasing industrial liquid waste is expected to create opportunities for UV disinfection systems in the wastewater treatment industry over the forecast period.

Rising awareness about the product’s ability to provide protection against cryptosporidium outbreaks is anticipated to support market growth. Furthermore, these systems have a low environmental footprint and consume less energy, which will drive UV disinfection equipment market growth.

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Ultraviolet Disinfection Equipment Market Report Highlights

• Mercury-based UV lamps are anticipated to grow at the fastest CAGR of 13.2% from 2020 to 2028 on account of their increasing adoption in water & wastewater treatment plants
• The equipment demand in the healthcare facilities for air treatment accounted for 39.2% of the overall revenue owing to the high focus to provide innovative medical-grade air purifiers, such as UV systems
• The residential end-use segment is estimated to grow at the second-fastest CAGR over the forecast period on account of the increasing consumer awareness regarding air pollution coupled with the rising prevalence of airborne diseases
• Germany accounted for the largest revenue share of 20.4% of the Europe market in 2020 due to the increasing demand for technologically advanced and sustainable air purification technology along with the rising prevalence of COVID-19 in the country
• Key players in the market are focusing on various strategies, including acquisitions, regional expansions, and product innovations, to achieve competitive advantage and, thereby, develop a strong foothold in the industry

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Ultraviolet Disinfection Equipment Market Segmentation

Grand View Research has segmented the global ultraviolet disinfection equipment market on the basis of component type, application, end-use, and region:

UV Disinfection Equipment Component Type Outlook (Revenue, USD Million, 2017 - 2028)

• UV Lamps
  • Mercury
    • Low-pressure
    • Medium-pressure
    • Amalgam
  • Xenon/LED
• Ballasts/Controller Units
• Quartz Sleeves
• Reactor Chambers
• Others

UV Disinfection Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)

• Water & Wastewater Treatment
• Air Treatment
  • Residential
  • Healthcare Facilities
  • Retail Shops
  • Offices
  • Hospitality
  • Schools & Educational Institutions
  • Industrial
  • Others
• Others

UV Disinfection Equipment End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Municipal
• Residential
• Commercial
• Industrial

UV Disinfection Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Ultraviolet Disinfection Equipment Market

• Xylem
• Trojan Technologies
• Halma PLC
• Calgon Carbon Corp.
• Atlantic Ultraviolet Corp.
• Evoqua Water Technologies LLC
• Advanced UV, Inc.
• American Ultraviolet
• Atlantium Technologies LTD.
• Hönle AG
• Lumalier Corp.
• Xenex
• ENAQUA
• I.T.A. Srl
• Hitech Ultraviolet Pvt. Ltd.

About Grand View Research

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

Solid Oxide Fuel Cell Market Advanced Technologies and Growth Opportunities Worldwide By 2028

 Solid Oxide Fuel Cell Market Growth & Trends

The global solid oxide fuel cell market size is expected to reach USD 4.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 42.2% from 2021 to 2028. Growing expenditure in infrastructure and industry development is anticipated to have a positive impact on the global solid oxide fuel cell (SOFC) market over the projected period. Installers and system providers usually hold stock of significant equipment in the inventory. However, manufacturers face bottlenecks and shortages due to limited production in countries severely affected by the COVID-19 pandemic. Furthermore, upcoming SOFC-based large-scale projects are expected to witness delays in commissioning due to disruptions in the supply chain and halting of on-site construction activities.

The rising awareness about alternative sources of energy is one of the major factors encouraging market growth. Increasing carbon emission levels is a global issue, and government authorities worldwide are supporting technological advancements to tackle the issue by providing research funding and drafting supportive policies and plans. The global SOFC market is highly competitive owing to the ongoing technological advancements developed by the existing vendors and new entrants. Market players are concentrating on strengthening their relations with system installers due to their strong local presence and close ties with clients, which, in turn, is likely to help enhance geographical presence.

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Solid Oxide Fuel Cell Market Report Highlights

• In terms of revenue, the stationary segment accounted for a prominent share in the market in 2020
• It is projected to expand further at the fastest CAGR over the forecast period. Transportation is predicted to be the second-largest application segment by 2028
• In 2020, North America accounted for over 45% of the global revenue share and will expand further at a significant CAGR from 2021 to 2028
• Germany led the Europe regional market with a revenue share of more than 67% in 2020
• Government funding and aggressive mergers and acquisitions between companies for alternative energy technologies contribute to heavy investments in Europe

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Solid Oxide Fuel Cell Market Segmentation

Grand View Research has segmented the global solid oxide fuel cell market based on application and region:

Solid Oxide Fuel Cell Application Outlook (Volume, Thousand Units; Capacity, kW; Revenue, USD Million, 2017 - 2028)

• Stationary
• Portable
• Transportation

Solid Oxide Fuel Cell Regional Outlook (Volume, Thousand Units; Capacity, kW; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
• Europe
  • Germany
  • France
  • UK.
• Asia Pacific
  • China
  • Japan
  • South Korea
• Rest of World

List of Key Players of the Solid Oxide Fuel Cell Market

• Bloom Energy
• Mitsubishi Power Ltd.
• Cummins Inc.
• Ceres
• General Electric
• FuelCell Energy Inc.
• Ningbo SOFCMAN Energy
• Kyocera Corp.
• AVL
• NGK Spark Plug Co., Ltd.

About Grand View Research

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

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.