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

 Industrial Refrigeration Systems Market Growth & Trends

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

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

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

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

Request a free sample copy or view report summary: Industrial Refrigeration Systems Market Report

Industrial Refrigeration Systems Market Report Highlights

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

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

Industrial Refrigeration Systems Market Segmentation

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

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

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

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

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

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

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

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

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

List of Key Players in the Industrial Refrigeration Systems Market

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

About Grand View Research

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

Edge Computing Market is Estimated to Register a Strong CAGR of 38.4% from 2021 to 2028: Grand View Research Inc.

 

Edge Computing Market Growth & Trends

The global edge computing market size is anticipated to reach USD 61.14 billion by 2028, exhibiting a CAGR of 38.4% over the forecast period, according to a new report by Grand View Research, Inc. The amalgamation of Artificial Intelligence (AI) into the edge ecosystem is expected to drive market growth. An edge AI system is expected to help enterprises make real-time decisions in a matter of milliseconds. The need to eliminate the privacy issues associated with transmitting large amounts of data and issues related to latency and bandwidth, which reduce the data transmission capacity of an organization, are expected to drive the market growth over the next few years.

Precision monitoring and machinery control are some use cases that would be well suited to be using AI in the edge. The latency requirement at a fast operating production line must be kept minimal, which can be achieved by deploying the edge. Processing data closer to the manufacturing plant can prove to be highly valuable, which can be achieved by deploying AI. AI-based edge devices such as chips can be used in multiple endpoint devices such as smartphones, cameras, sensors, and other IoT devices.

Furthermore, the telecom edge is expected to grow exponentially over the forecast period. The telecom edge shall perform computing close to the mini-data centers, which are owned and operated by the telco on a telco-owned property. Various telecom providers such as Telefonica and Telstra are engaging in pilot projects and prototypes of an open-access network incorporated with edge computing. Edge will spearhead the telecom sector once 5G is entirely rolled out. The telecom sector is in an exclusive position to benefit from edge computing, but telecom companies risk being relegated to irrelevant edge providers if they do not move up the value chain.

Currently, edge computing use cases have exceeded initial infrastructure deployments and are expected to provide an impetus to emerging edge computing use cases and infrastructure investments. Over the forecast period, edge computing is expected to become pervasive and transition toward platform-centric solutions. With this transition, edge platforms could reduce the infrastructure complexity using sophisticated management and orchestration software, and develop user-friendly environments for developers to deploy innovative edge applications and services with relative ease.

Request a free sample copy or view report summary: Edge Computing Market Report

Edge Computing Market Report Highlights

• The edge server is expected to emerge as the fastest-growing hardware segment over the forecast period. The promising growth prospects of the segment can be attributed to the rising demand for edge servers across various industry verticals
• In terms of application, the AR/VR segment is expected to expand at a significant CAGR owing to the growing cellular network, which has created growth opportunities for edge computing. For instance, Ericsson has optimized its 5G core and radio infrastructure to offer a high-quality VR experience
• In terms of industry vertical, the datacenters segment is envisioned to witness the highest CAGR over the forecast period. This can be attributed to the fact that edge datacenters overcome intermittent connections and store and compute data close to the end-user
• The Asia-Pacific region is expected to register the highest CAGR over the forecast period owing to the rising number of IoT integrated devices and the advent of 5G in the region. The rollout of 5G networks is expected to contribute towards the development of telco edge infrastructure for supporting 5G-enabled applications
• Some of the key market players are Cisco Systems, Inc.; Moxa Inc.; Sierra Wireless; and Belden Inc.

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

Edge Computing Market Segmentation

Grand View Research has segmented the global edge computing market based on component, application, industry vertical, and region:

Edge Computing Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
  • By Type
    • Edge Nodes/Gateways (Servers)
    • Sensors/Routers
    • Others
  • By End Point Devices
    • Cameras
    • Drones
    • HMD
    • Robots
    • Others
  • Software
  • Services
  • Edge-managed Platforms

Edge Computing Application Outlook (Revenue, USD Million, 2017 - 2028)

• IIoT
• Remote Monitoring
• Content Delivery
• Video Analytics
• AR/VR
• Others

Edge Computing Industry Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Industrial
• Energy & Utilities
• Healthcare
• Agriculture
• Transportation & Logistics
• Retail
• Datacenters
• Wearables
• Smart Cities, Smart Homes, Smart Buildings

Edge Computing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Edge Computing Market

• Cisco Systems, Inc.
• Sierra Wireless
• NVIDIA Corporation
• Microsoft Corporation
• Belden Inc.

About Grand View Research

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

Commercial Refrigeration Equipment Market Latest Innovations, Drivers and Industry Key Events by 2028

 

Commercial Refrigeration Equipment Market Growth & Trends

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

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

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

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

Commercial Refrigeration Equipment Market Report Highlights

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

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

Commercial Refrigeration Equipment Market Segmentation

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

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

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

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

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

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

• Self-contained
• Remotely Operated

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

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

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

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

List of Key Players of the Commercial Refrigeration Equipment Market

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

About Grand View Research

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

Team Collaboration Software Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Team Collaboration Software Market Growth & Trends

The global team collaboration software market size is anticipated to reach USD 27.47 billion by 2028, exhibiting a CAGR of 13.0% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for communication & conferencing solutions from enterprises, especially due to the COVID-19 pandemic, is expected to drive the growth of the market over the forecast period. The demand for flexible and agile working solutions is expected to increase as several organizations are expected to adopt a hybrid working culture in the post-pandemic era. As such, the pandemic is expected to have a long-term impact on how organizations utilize communication & collaboration tools to manage their remote workforce.

Continued digitalization and advances in visual data sharing technology are expected to contribute significantly to the growing demand for communication & conferencing solutions. The availability of affordable video conferencing solutions has allowed the large-scale deployment of communication & conferencing solutions across several organizations, which were previously unable to invest in such solutions due to high costs. Several video conferencing solution providers, such as Cisco Systems, Inc.; Avaya, Inc.; and RingCentral, Inc., have either announced free services or waived off the time limits on existing offers. At the same time, market players are also integrating web conferencing technology with other communication tools and developing new applications for web conferencing to facilitate collaborative workspaces.

The demand for virtual collaboration solutions, which are based on the integration of Augmented Reality (AR) and Virtual Reality (VR) with meeting rooms, is expected to gain traction over the forecast period. Various features, such as video filters, voice recognition, and hand-gesture control, are increasingly being added to virtual meeting rooms to better manage the meetings and increase engagement. These techniques can particularly allow remote users to be virtually present in the meeting room and collaborate, brainstorm, search, and share content.

Having realized that AI bots and Smart Virtual Personal Assistants (SVPA) can play a vital role in automating tasks and improving workplace collaboration, organizations have started deploying bots for tasks, such as taking notes and scheduling meetings. Chatbots are gradually emerging as a standard feature for both frontline and deskless workers to access digital services through smart devices. Implementation of bots is also expected to help organizations in saving on costs incurred on IT infrastructure and hiring.

Request a free sample copy or view report summary: Team Collaboration Software Market Report

Team Collaboration Software Market Report Highlights

• The cloud segment is expected to register the fastest CAGR over the forecast period. The adoption of cloud-based team collaboration software is expected to gain traction as these tools help save on infrastructure cost and offer a centralized management system
• The conferencing software segment is expected to register the maximum growth rate over the forecast period
• The continued adoption of conferencing solutions, such as Cisco WebEx meetings, Jabber, and Adobe connect, bodes well for the growth of the segment
• The retail application segment is expected to account for the highest revenue share by 2028. The increasing need of the retail companies to enhance employee engagement and share information in real-time is expected to drive the segment growth
• Integrating software & hardware and strengthening network capabilities are some of the strategies being adopted by key companies to increase their market share

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

Team Collaboration Software Market Segmentation

Grand View Research has segmented the global team collaboration software market on the basis of deployment, software type, application, and region:

Team Collaboration Software Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• Cloud
• On-premise

Team Collaboration Software Type Outlook (Revenue, USD Million, 2017 - 2028)

• Conferencing Software
• Communication & Coordination Software

Team Collaboration Software Application Outlook (Revenue, USD Million, 2017 - 2028)

• Manufacturing
• BFSI
• IT & Telecom
• Retail
• Healthcare
• Logistics & Transportation
• Education

Team Collaboration Software Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Team Collaboration Software Market

• Asana
• Avaya Inc.
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• IBM Corp.
• Microsoft Corp.
• Slack Technologies, 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.

Smart TV Market Expected to Behold a CAGR of 20.8% through 2028: Grand View Research Inc.

 

Smart TV Market Growth & Trends

The global smart TV market demand is expected to reach 1.18 billion units by 2028, registering a CAGR of 20.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing consumer inclination toward QLED and OLED displays and the regular launch of 4K and 8K resolution television sets by new and established vendors are the factors expected to favor the global demand for smart TVs over the forecast timeframe. Smart TVs are integrated with internet connectivity features and offer a range of advanced computing and connectivity options that enable users to search, browse, download, and share content online. Industry players are focusing on further enhancing the viewing experience, which is poised to help the market gain immense traction in the near future.

Price optimization of new products has opened a range of new growth opportunities for industry participants in countries such as India and China, where a large portion of potential customers is from the low and middle-level income groups. Additionally, streaming media devices, including Google Chrome cast, Amazon Fire TV, and Apple TV, are rapidly transforming viewing patterns and experiences. As a result, numerous manufacturers, such as TCL Corporation, are collaborating with OTT device and content providers to offer inbuilt features in their television sets, eliminating the need for a set-top box.

The COVID-19 pandemic momentarily hampered the production of new smart TVs in the first couple of quarters of 2020, negatively impacting the industry supply chain. Furthermore, factors such as economic uncertainty, curbs on cross-border trade, and strict norms mandating the temporary closure of manufacturing facilities led to several challenges before market players in 2020. Nevertheless, the gradual resumption of production processes is anticipated to help the market gain traction owing to the significant increase in individuals spending more time at homes, resulting in an increased demand for online streaming services.

Request a free sample copy or view report summary: Smart TV Market Report

Smart TV Market Report Highlights

• The pandemic has drastically influenced the routines and lifestyles of consumers globally. The Work From Home (WFH)mandates and stay-at-home orders have further led to an unparalleled increase in the consumption of in-home online videos
• In terms of technology, the 4K UHD TV segment is projected to dominate over the next seven years. This can be primarily attributed to the declining prices of smart TVs, which are attracting customers from emerging economies
• QLED TVs have gained immense prominence owing to their benefits, such as affordability, convenience in choosing color filters, efficient reduction in power consumption with enhanced brightness, and improved viewing angles in comparison with OLED screens
• Asia Pacific is poised to exhibit the highest CAGR of over 13% over the next seven years, thanks to increased consumer spending capacity and rising adoption of OTT VoD platforms, such as Netflix and Amazon Prime Video. Also, the availability of large volumes of supporting content, such as HD videos and games, is further catalyzing the growth of the regional market

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

Smart TV Market Segmentation

Grand View Research has segmented the global smart TV market based on resolution, screen size, screen type, and region:

Smart TV Resolution Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• 4K UHD TV
• HDTV
• Full HD TV
• 8K TV

Smart TV Screen Size Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• Below 32 Inches
• 32 to 45 Inches
• 46 to 55 Inches
• 56 to 65 Inches
• Above 65 Inches

Smart TV Screen Type Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• Flat
• Curved

Smart TV Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

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

List of the Key Players in the Smart TV Market

• LG Electronics Inc.
• Samsung Electronics Co. Ltd.
• Sony Corporation
• VIZIO Inc.
• Videocon Industries Ltd.
• Sansui Electric Co. Ltd.
• Toshiba Corporation
• Haier Electronics Group 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.

HVAC Systems Market is Anticipated To Rise at a CAGR of 5.9% from 2021 to 2028: Grand View Research Inc.

 

HVAC Systems Market Growth & Trends

The global HVAC systems market size is anticipated to reach USD 197.50 billion by 2028, registering a CAGR of 5.9% over the forecast period, according to a new study by Grand View Research Inc. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for the market. Furthermore, climate changes have rendered heating and cooling equipment a necessity rather than a luxury. Thus, the deteriorating climate condition is likely to positively influence the market over the forecast period. Proactive government initiatives will emerge as market growth drivers over the forecast period.

For instance, under the Taxpayer Relief Act of 2012 (U.S.)-2017, customers can apply for the Federal Energy Tax Credit. Similarly, Australia’s Department of the Environment and Energy has introduced the “discounted energy-efficient air conditioners for households program” that provides a discount ranging between USD 200 to USD 1,000 to New South Wales residents buying high-efficiency air conditioners for household purposes. Several governments worldwide introduce such initiatives to promote product adoption.

In addition, the market is expected to experience healthy growth owing to refurbishment and replacement demand. Several customers are replacing old equipment with new energy-efficient units for energy savings, improved performance, and cost reduction. The factors responsible for the replacement of the HVAC (Heating, ventilation, and air conditioning) unit are the system’s age, building remodeling, poor air quality, and high cost of repair.

The spread of the novel coronavirus in 2020 resulted in the shutting down of production plants across the globe in the first quarter. As a result, several major players recorded substantial revenue drop in the initial part of 2020. However, pent-up demand and increasing awareness about hygienic surroundings have resulted in higher product sales in recent times and are expected to continue in the subsequent years. Overall, the Covid-19 pandemic has had a minor impact on the market and the industry is expected to record steady growth in the years to come.

Request a free sample copy or view report summary: HVAC Systems Market Report

HVAC Systems Market Report Highlights

• The cooling systems segment dominated the market in 2020 and is expected to retain the leading position in the future due to a rise in demand for air conditioning systems across several sectors
• With a steady increase in the global real estate sector, the residential segment captured significant revenue share in 2020
• The segment is expected to grow at a steady CAGR from 2021 to 2028 due to the rising demand from modern households in developing economies
• Middle East & Africa is anticipated to grow at a healthy CAGR over the forecast period owing to the increasing construction activities, growing tourism sector, and rising temperatures in the region
• Since the outbreak of coronavirus, key market players are focused on introducing products that can improve the air quality
• In February 2020, Havells India Ltd. launched Grande Heavy-Duty Air Conditioner under its brand Llyod. The AC features Catechine coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the air quality

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

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market on the basis of product, end-use, and region:

HVAC Systems Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Heating
• Ventilation
• Cooling

HVAC Systems End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Commercial
• Industrial

HVAC Systems Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of HVAC Systems Market

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Ltd.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

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.

Request a free sample copy or view report summary: Nitrile Butadiene Rubber Market Report

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.

Engineering Services Outsourcing Market Overview, Analysis And Forecast To 2028: Grand View Research Inc.

 Engineering Services Outsourcing Market Growth & Trends

The global engineering services outsourcing market size is expected to reach USD 5.50 trillion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 22.9% from 2021 to 2028. The globalization of Research and Development (R&D), easy availability of low-cost labor and skilled professionals, and increasing adoption of information technology and smart technologies in various end-use industries are some of the factors that are expected to drive the growth of the market for engineering services outsourcing (ESO) over the forecast period.

The market has been evolving continuously in line with the advances in sensing, connected computing, artificial intelligence, and the internet of things (IoT), among other technologies. The intensifying competition to provide state-of-the-art solutions is prompting service providers to invest aggressively in R&D. Key ESO players are also putting a strong emphasis on Mergers and Acquisitions (M&A) and strengthening the existing tie-ups with their clients to tap new business opportunities. For instance, in November 2020, Tata Consultancy Services Limited, global IT services, and business solutions provider based in India announced an agreement to acquire 100% of the shares of Postbank Systems AG, one of the prominent IT service providers based in Germany, from Deutsche Bank AG. Tata Consultancy Services Limited already happens to be Deutsche Bank AG’s trusted IT service partner and the acquisition would deepen the partnership further while allowing the company to strengthen its operations in Germany.

The outbreak of the COVID-19 pandemic and the subsequent lockdowns implemented in various countries across the world at the beginning of 2020 to arrest the spread of the disease had a varying impact on the ESO market depending on the end-use industry. For instance, industries and industry verticals, such as automotive, and aerospace, among others, were adversely affected owing to the temporary shutdown of industrial facilities, production units, public transportation, and logistics operations. On the contrary, the pharmaceutical and healthcare industry was relatively unaffected as healthcare companies focused on the development of advanced personal protective equipment (PPE) and testing kits, while pharmaceutical companies embarked upon the development of COVID-19 vaccines.

Request a free sample copy or view report summary: Engineering Services Outsourcing Market Report

Engineering Services Outsourcing Market Report Highlights

• The designing segment is anticipated to register the highest CAGR of around 25.0% over the forecast period
• The industrial segment accounted for the largest revenue share in 2020 and is anticipated to continue dominating the market over the forecast period
• The Asia Pacific ESO market is expected to account for the largest revenue share of over 40.0% in 2020 owing to the easy availability of relatively low-cost and skilled resources in countries, such as India, China, the Philippines, and other East Asian countries

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

Engineering Services Outsourcing Market Segmentation

Grand View Research has segmented the global engineering services outsourcing market based on services, location, application, and region:

Engineering Services Outsourcing Services Outlook (Revenue, USD Billion, 2016 - 2028)

• Designing
• Prototyping
• System Integration
• Testing
• Others

Engineering Services Outsourcing Location Outlook (Revenue, USD Billion, 2016 - 2028)

• Onshore
• Offshore

Engineering Services Outsourcing Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Aerospace
• Automotive
• Industrial
• Consumer Electronics
• Semiconductors
• Healthcare
• Telecom
• Others

Engineering Services Outsourcing Region Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Engineering Services Outsourcing Market

• Infosys Limited
• Tata Consultancy Services Limited
• ALTEN Group
• Altair Engineering, Inc.
• Boston Engineering Corporation
• Altran

About Grand View Research

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

Commercial Drone Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Commercial Drone Market Growth & Trends

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

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

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

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

Commercial Drone Market Report Highlights

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

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

Commercial Drone Market Segmentation

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

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

• Fixed-wing
• Rotary Blade
• Hybrid

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

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

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

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

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

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

List of Key Players in the Commercial Drone Market

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

About Grand View Research

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

Virtual Reality Market is Poised to Exhibit A Moderate 18.0% CAGR through 2028: Grand View Research Inc.

 

Virtual Reality Market Growth & Trends

The global virtual reality market size is anticipated to reach USD 69.60 billion by 2028, according to the latest report by Grand View Research, Inc. The market is expected to record a CAGR of 18.0% from 2021 to 2028. Technological advancements in the past years have made it feasible to experience real-world life in a digitally immersive environment with Virtual Reality (VR) and Augmented Reality (AR). The Covid-19 pandemic has given a rapid rise to VR-enabled platforms and tools, especially in the education and e-commerce sectors. VR technology has offered many companies new techniques and opportunities to attract potential customers to their business.

The e-commerce industry offers the unique feature of virtually trying clothes or accessories and assisting customers in making the right purchase decisions. Moreover, the temporary shutdown of educational institutions to curb the spread of coronavirus has compelled institutions to shift their academic sessions to VR-based online platforms for better collaboration. The technology has also enabled medical professionals to provide training and aid treatments through its audio-visual tool. The major drivers of the global market are the increasing adoption of automation and Artificial Intelligence (AI) across several industries.

The commencement of 5G network bandwidth that is expected to enhance the immersion experience on VR devices and the rise in smartphone penetration is also likely to boost the market growth. Various industries, such as healthcare, retail, education, manufacturing, automation, real estate, and tourism, have deployed several VR-based software/devices that have proven beneficial for their businesses. For instance, Atlantis, The Palm Dubai, a luxury resort in the UAE, offers its potential customers the opportunity to experience the ambiance of the resort through a VR 360 tool, providing an immersive and real-like sight to the viewers.

Request a free sample copy or view report summary: Virtual Reality Market Report

Virtual Reality Market Report Highlights

• Innovations in smartphone hardware, coupled with state-of-the-art VR-compatible headsets, are anticipated to drive the market from 2021 to 2028
• The Head-Mounted Display (HMD) segment accounted for over 60.0% of the total market share in 2020
• The semi & fully immersive technology segment accounted for the largest revenue share in 2020 and is expected to witness substantial growth over the forecast period
• This growth is attributed to the ability of the technology to provide real-like dimension to a simulated realm
• In 2020, Asia Pacific accounted for the largest market share of around 40.0% and is expected to maintain its lead throughout the forecast years

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

Virtual Reality Market Segmentation

Grand View Research has segmented the global virtual reality market on the basis of device, technology, component, application, and region:

VR Device Outlook (Revenue, USD Million, 2016 - 2028)

• Head-Mounted Display (HMD)
• Gesture-Tracking Device (GTD)
• Projectors & Display Wall (PDW)

VR Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Semi & Fully Immersive
• Non-Immersive

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

• Hardware
• Software

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

• Aerospace & Defense
• Consumer
• Commercial
• Enterprise
• Healthcare
• Others

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

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

List of Key Players of Virtual Reality (VR) Market

• Barco
• CyberGlove Systems, Inc.
• Facebook Technologies, LLC
• HTC Corporation
• Microsoft
• Samsung Electronics Co., Ltd.
• Sensics, Inc.
• Sixense Enterprises, Inc.
• Ultraleap 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.