Supply Chain Analytics Market to Reap Excessive Revenues By 2028

 Supply Chain Analytics Market Growth & Trends

The global supply chain analytics market size is expected to reach USD 16.07 billion by 2028, registering a CAGR of 17.3% from 2021 to 2028, according to a new study by Grand View Research, Inc. The growing demand to manage the increasingly large volumes of business data and use insights derived from it for strategic applications are triggering the demand for supply chain analytics (SCA). The increasing awareness among enterprises about the benefits offered by supply chain analytics in improving visibility across the entire supply chain is instrumental in driving the demand for analytics solutions.

SCA solutions enable enterprises to achieve growth, enhance profitability, and increase market share by utilizing the derived insights in making strategic decisions. Improved visibility across the supply chain can help organizations enhance sustainability, reduce inventory cost, and accelerate the time-to-market for products in the long run. Factors such as shortening product life cycles, low visibility in traditional supply chains, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands necessitate supply chain optimization, thereby driving the market growth.

The increased availability of cloud-based SCA solutions has triggered their demand among small and medium enterprises owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility and mobility offered by these solutions. Another notable trend in the market is the increased demand for risk analytics solutions across all industries. Risk analytics solutions address multiple issues associated with the supply chain by providing an analysis of scenario and sensitivity, stochastic optimization, and risk mitigation.

Improved effectiveness of business outcomes and cost-effectiveness of supply chain management resulting from the adoption of supply chain analytics is also expected to encourage the adoption of SCA solutions in several end-use applications. Demand is expected to remain strong across application areas such as retail and consumer goods, healthcare, and manufacturing. Moreover, the ability of supply chain analytics to enable effective and efficient management of end-to-end business processes is expected to propel the market growth over the forecast period.

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Supply Chain Analytics Market Report Highlights

• In terms of solution, the sales and operations analytics segment is anticipated to register considerable growth over the forecast period. This growth can be attributed to the growing use of machine learning in supply chain analytics solutions to dissect and aggregate data and produce predictive, descriptive, and prescriptive insights
• In terms of service, the professional segment dominated the market in 2020 and is expected to retain its dominance over the forecast period. The growing automation of professional services due to the adoption of big dataand analytics, coupled with the increasing demand for improved mobility among service consultants, is expected to drive the growth of the segment
• In terms of deployment, the cloud segment is anticipated to register the highest CAGR from 2021 to 2028. Cloud-based solutions allow businesses to access data across connected devices at any point, which increases the scope for customization and enables the implementation of analytical tools across multiple business channels.
• In terms of enterprise size, the large enterprise segment is anticipated to register promising growth over the forecast period. This growth can be attributed to the rising demand for robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making across large organizations
• In terms of end use, the high technology product segment is expected to register a promising growth rate from 2021 to 2028. This growth can be attributed to the increasing demand for advanced technology products and the increasing import and export of these high technology products worldwide
• In terms of region, the North America region dominated in 2020. The regional market is expected to retain its dominance over the forecast period, chiefly owing to the presence of a large number of SCA service providers in the region

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Supply Chain Analytics Market Segmentation

Grand View Research has segmented the global supply chain analytics market based on solution, service, deployment, enterprise size, end use, and region:

Supply Chain Analytics Solution Outlook (Revenue, USD Million. 2018 - 2028)

• Logistics Analytics
• Manufacturing Analytics
• Planning & Procurement
• Sales & Operations Analytics
• Visualization & Reporting

Supply Chain Analytics Service Outlook (Revenue, USD Million. 2018 - 2028)

• Professional
• Support & Maintenance

Supply Chain Analytics Deployment Outlook (Revenue, USD Million. 2018 - 2028)

• Cloud
• On-premise

Supply Chain Analytics Enterprise Size Outlook (Revenue, USD Million. 2018 - 2028)

• Large Enterprise
• Small & Medium Enterprises

Supply Chain Analytics End-use Outlook (Revenue, USD Million. 2018 - 2028)

• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Transportation
• Aerospace & Defense
• High Technology Products
• Others

Supply Chain Analytics Regional Outlook (Revenue, USD Million. 2018 - 2028)

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

List of Key Players in the Supply Chain Analytics Market

• Accenture PLC
• Aera Technology
• Birst, Inc.
• Capgemini SA
• Genpact Limited
• International Business Machines Corporation
• JDA Software Group, Inc.
• Kinaxis
• Lockheed Martin Corporation
• Maersk Group
• Manhattan Associates, 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.

Tattoo Removal Devices Market Booming Trends and Forecast Assessment for the Period 2022 to 2030

 Tattoo Removal Devices Market Growth & Trends

The global tattoo removal devices market size is anticipated to reach USD 289.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.6% from 2022 to 2030. Increasing demand for removal of tattoos among both youth and senior population alike due to tattoo regret and high demand for non-invasive or minimally invasive procedures for aesthetic treatment are some of the key market growth drivers. Laser devices such as Q-Switched Nd-YAG laser, Q-switched ruby laser, and Q-Switched Alexandrite laser systems are highly efficient and safe for removal of both black and colored tattoos and thus are anticipated to facilitate market growth.

Moreover, according to Astanza Lasers, approximately 45.0 million Americans have at least one tattoo, and nearly 21,000 tattoo parlors in the U.S. generate a potential tattoo removal patient each day, thus significantly boosting the market demand. Furthermore, the average revenue per patient is around USD 1,400 and with nearly 7 million individuals with tattoo regret, the market is anticipated to present huge opportunities for market players and investors.

In light of COVID-19, the market faced losses as the footfall of patient appointments for aesthetic treatments was temporarily suspended. However, since governments in many countries have allowed resuming elective aesthetic procedures, tattoo removal procedures have resumed. Moreover, according to the BBC network, inquiries and appointments for many non-surgical cosmetic treatments have seen a surge following the pandemic and are thus expected to propel market growth.

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Tattoo Removal Devices Market Report Highlights

• Some of the most common reasons for individuals seeking tattoo removal are fading of the tattoo over time, poor work quality of tattoo, and tattoo hindering job acceptance
• The laser removal devices segment dominated the market in 2021 since laser therapy is the only safe, effective, and non-invasive tattoo removal procedure
• Dermatology clinics are highly preferred by individuals for both getting inked and removal of tattoos due to the availability of advanced devices and the presence of certified and trained dermatologists
• North America leads the market due to the presence of a large number of tattoo parlors, availability of advanced devices, and presence of a large number of tattooed individuals
• In Asia Pacific, the market is expected to grow fast over the forecast period due to the high importance of dragon tattoos in China and the growing demand for tattoos in Japan and India

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Tattoo Removal Devices Market Segmentation

Grand View Research has segmented the global tattoo removal devices market on the basis of device, end-use, and region:

Tattoo Removal Devices Outlook (Revenue, USD Million, 2018 - 2030)

• Laser Devices
• RF Devices
• Ultrasound Devices

Tattoo Removal Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Dermatology Clinics
• Medical spa & beauty centers

Tattoo Removal Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Tattoo Removal Devices Market

• Lutronic Corporation
• Hologic (Cynosure, Inc.)
• Alma Lasers, Ltd.
• Syneron candela
• Astanza, EL.En. S.p.A
• Cutera Inc.
• Lumenis 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.

Meat Substitute Market Insights Business Opportunities, Current Trends And Forecast 2030: Grand View Research Inc.

 Meat Substitute Market Growth & Trends

The global meat substitute market size is expected to reach USD 234.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 42.1% from 2022 to 2030. Growing preference for a vegan diet coupled with rising health awareness is expected to fuel market demand in the forecast period. Furthermore, growing awareness of environmental and ethical issues has also accelerated market growth. Plant-based meat is a healthier alternative to traditional meat products. Over half of protein users prefer to consume natural sources in their protein, which is boosting the shift in demand for easily identifiable and clean substances.

Many plant-based protein products promise a smaller carbon footprint than traditional protein sources, and since these plant protein products are thought to be easier on the environment, health, and sustainability, they have become significant motivators for the adoption of meat substitutes globally. Plant-based protein held the largest segment in 2021 and is expected to maintain its dominance over the forecast period. Increasing consumer concern regarding the adverse health effects of consuming diets high in animal protein (e.g., increased saturated fatty acids) will drive the growth of this segment. Companies including Beyond Meat and Impossible Foods Inc. are bringing alternative protein products to more restaurants and grocery stores, which is boosting the demand. They're leveraging their size to increase distribution while also collaborating with retailers on promotions and marketing.

The retail segment dominated the market and accounted for a significant revenue share in 2021. As more consumers have stopped eating meat or drastically reduced their consumption, supermarket companies have more room to attract customers to buy goods other than meat in their stores. Consumers in the U.S. are going meat-free because of the wide availability of the product on both online and offline retail stores. The market is fragmented in different regions/countries owing to the presence of a large number of players including Amy’s Kitchen, Beyond Meat, Impossible Foods Inc., The Kellogg Company, Unilever, Quorn Foods, Meatless B.V., Tyson Foods, Inc., and Sunfed.

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Meat Substitute Market Report Highlights

• The Mycoprotein segment is projected to register the fastest growth as its more economical to produce and the reduced prices are also expected to drive growth
• The retail channel segment held the largest revenue share in 2021 due to nationwide lockdowns globally and the resultant increase in at-home consumption of food
• Asia Pacific is expected to register the fastest growth during the forecast period. Countries such as China and Australia and others are expected to see a rapid surge in the consumption of meat substitutes with consumers across these countries preferring to cut down meat consumption and form more healthy dietary habits

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Meat Substitute Market Segmentation

Grand View Research has segmented the global meat substitute market on the basis of source, distribution channel, and region:

Meat Substitute Source Outlook (Revenue, USD Million, 2017 - 2030)

• Plant-based Protein
• Mycoprotein
• Soy-based
• Others

Meat Substitute Distribution channel Outlook (Revenue, USD Million, 2017 - 2030)

• Foodservice
• Retail

Meat Substitute Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

 List of Key Players of Meat Substitute Market

• Amy’s Kitchen
• Beyond Meat
• Impossible Foods Inc.
• Quorn Foods
• The Kellogg Company
• Unilever
• Meatless B.V.
• VBites Foods Ltd.
• Sunfed
• Tyson Foods, 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.

Track And Trace Solutions Market Witness Excellent Revenue Growth During 2022-2030: Grand View Research Inc

 Track And Trace Solutions Market Growth & Trends

The global track and trace solutions market size is expected to reach USD 14.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.2% from 2022 to 2030. The market growth is majorly attributed to the increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection from counterfeit products and theft. The deployment of track and trace solutions helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Furthermore, the rising adoption of track and trace solutions by healthcare manufacturers would fuel the market growth in the long run. The introduction of advanced technologies such as RFID provides fast reading and delivers high levels of security. However, the deployment cost of serialization and aggregation solutions and the lack of common regulations and standards may hamper the market growth in a few developing geographies.

Regulatory compliance has become an incessant need across the globe to ensure product authenticity. The global rise of counterfeit goods has been crucial in increasing the implementation of track and trace solutions over various verticals. The majority of the developed nations have already integrated these solutions to mitigate the risk of product recalls, disease outbreaks, and tarnishing of brand names to reduce unauthorized parallel supply chains that promote illegal supply chain logistics and crime. Rising initiatives by the government and regulatory authorities are paving way for the increased adoption of track and trace solutions. Serialization has been the prime method that facilitates easy track and trace of products globally.

US CBP and customs of other member countries as well as the World Customs Organization reported the seizures of false coronavirus tests and personal protective equipment like facemasks and hand sanitizers. For instance, in May 2020, Smartrac teamed up with SUKU to validate COVID-19 testing kits and personal protective equipment to permit prompt verification and deliver end-to-end supply chain transparency. Hence, it is estimated that the market will witness lucrative growth opportunities due to the COVID-19 outbreak.

The track and trace market comprises a large number of global as well as local players. These companies are undertaking strategic collaborations and partnerships with their customers and other manufacturers in the market. For instance, in January 2021, OPTEL partnered with Bureau Veritas and introduced a V-TRACE traceability solution for the management of COVID-19 vaccine supply chain logistics. Moreover, in June 2021, Markem-Imaje acquired Blue Bite LLC, a New York, U.S-based provider of workflow software solutions for product marketers and brand owners.

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Track And Trace Solutions Market Report Highlights

• The software solutions product segment was the largest revenue-generating segment in 2021. This is mainly because of the regulatory mandates for the execution of serialization and aggregation in the healthcare sector
• The serialization solutions application segment was the largest grossing segment in 2021. Increasing application of serialization in pharmaceutical and medical device packaging will be a vital factor contributing to the segment growth
• The RFID technology segment is expected to exhibit the fastest growth rate during the forecast period. The key factors contributing to the growth of the segment are technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of the line of sight
• North America led the global market in 2021. The rising implementation of regulatory standards and regulations, along with the high adoption rate of track and trace solutions by consumers, is anticipated to contribute to the market growth 

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Track And Trace Solutions Market Segmentation

Grand View Research has segmented the global track and trace solutions market on the basis of product, technology, application, end-use, and region:

Track And Trace Solutions Product Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware Systems
  • Printing & Marking Solutions
  • Monitoring & Verification Solutions
  • Labeling Solutions
  • Others
• Software Solutions
  • Plant Manager Software
  • Line Controller Software
  • Bundle Tracking Software
  • Others

Track And Trace Solutions Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Barcode
• RFID

Track And Trace Solutions Application Outlook (Revenue, USD Million, 2017 - 2030)

• Serialization Solutions
  • Bottle Serialization
  • Label Serialization
  • Carton Serialization
  • Data Matrix Serialization
• Aggregation Solutions
  • Bundle Aggregation
  • Case Aggregation
  • Pallet Aggregation

Track And Trace Solutions End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Pharmaceutical Companies 
• Medical Device Companies   
• Healthcare Others
• Food and Beverage
• Consumer Packaged Goods
• Luxury Goods

Track And Trace Solutions Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Switzerland
  • Belgium
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • Egypt

List of Key Players of Track And Trace Solutions Market

• Axway
• Mettler-Toledo International, Inc.
• Optel Vision
• TraceLink, Inc.
• Adents
• Antares Vision S.r.l
• Siemens AG
• Korber AG
• ACG Worldwide
• Markem Imaje, a Dover Company

About Grand View Research

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

Healthcare Business Intelligence Market Precise Analysis on Business Overview, Product Scope And Ongoing Market Development 2030

 Healthcare Business Intelligence Market Growth & Trends

The global healthcare business intelligence market size is expected to reach USD 21.4 billion by 2030 and is expected to expand at a CAGR of 13.5% during the forecast period, according to a new report by Grand View Research, Inc. Increased adoption of data-driven decision making, penetration of cloud-based business intelligence (BI) solutions for the healthcare industry, increased focus to reduce spending, and the emergence of mobile-based BI solutions are the key factors contributing to the market growth. The growing requirement of business intelligence tools to reduce costs for operational performance, claims, and clinical analysis is another major factor positively impacting the market.

Factors, such as the constantly increasing volume of digital information and data sources, the complexity of data generated in healthcare organizations, coupled with the growing need for advanced business intelligence solutions to support decision-making are boosting the demand for business intelligence solutions and services. The massive amounts of unstructured and structured data generated by medical organizations and institutions are critical to managing, thus there is a huge demand for advanced healthcare BI software by hospitals and other medical organizations.

To gain insights about patient care and satisfaction, clinical operations, labor distribution, physician practices, and administration and management; hospitals and other medical facilities require data visualization and predictive modeling tools, which in turn is increasing demand for healthcare business intelligence software among these end-users. Increasing adoption of cloud-based BI software solutions coupled with the high dependency of healthcare on digital technology to operate functions of a complex healthcare system revenue cycle management, supply chain management, and performance management, is further boosting the adoption of BI software over the past years. For instance, KenSci Clinical Analytics is a platform designed by Microsoft to predict clinical and operational risks involved in a healthcare facility to improve health outcomes and reduce operational costs.

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Healthcare Business Intelligence Market Report Highlights

• The market for healthcare business intelligence market size is anticipated to be valued at USD 21.4 billion by 2030, owing to the increasing adoption of cloud BI tools and complex data generated in healthcare organizations in large volumes
• Software component segment dominated the in 2021 owing to its increased adoption by hospitals, health providers, payers, and life sciences manufacturers to manage their data and financial operations
• Cloud-based delivery mode dominated the market in 2021 due to the adoption of cloud-based business intelligence tools, such as Customer Relationship Management(CRM), and increased penetration of cloud computing among healthcare providers for managing the revenue cycle and enhancing patient care
• In 2021, the financial analysis application segment dominated the market due to the increased adoption of financial analytic software among the providers for the management of the revenue cycle
• Healthcare payers accounted for the largest market share in 2021 owing to increased healthcare costs coupled with the rising need to increase memberships and reduce fraudulent claims

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Healthcare Business Intelligence Market Segmentation

Grand View Research, Inc. has segmented the global healthcare business intelligence market based on the type of component, mode of delivery, application, end use, and region:

Healthcare Business Intelligence Component Outlook (Revenue, USD Million, 2016 - 2030)

• Software
• Services

Healthcare Business Intelligence Mode of Delivery Outlook (Revenue, USD Million, 2016 - 2030)

• On-premise
• Cloud-based
• Hybrid

Healthcare Business Intelligence Application Outlook (Revenue, USD Million, 2016 - 2030)

• Financial Analysis
  • Claims Processing
  • Revenue Cycle Management
  • Payment Integrity and Fraud, Waste, & Abuse (FWA)
  • Risk Adjustment and Risk Assessment
• Operational Analysis
  • Supply Chain Analysis
  • Workforce Analysis
  • Strategic Analysis
• Clinical Analysis
  • Quality Improvement and Clinical Benchmarking
  • Clinical Decision Support
  • Regulatory Reporting and Compliance
  • Comparative Analytics/Effectiveness
  • Precision Health
• Patient Care

Healthcare Business Intelligence End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Payers
• Healthcare Providers
• Healthcare Manufacturers

Healthcare Business Intelligence Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Spain
  • Italy
  • France
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Singapore
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in the Healthcare Business Intelligence Market

• Microsoft
• Oracle Corporation
• SAP
• Tableau Software Inc.
• Perficient Inc.
• Tibco Software Inc.
• Infor Inc.
• Domo Inc.
• Sisense Inc.
• Panorama Software 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.

Non-destructive Testing Market Witness Excellent Revenue Growth During 2022-2030: Grand View Research Inc

 Non-destructive Testing Market Growth & Trends

The global non-destructive testing market size is anticipated to reach USD 34.1 billion by 2030, registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to witness significant growth over the forecast period. The growth is ascribed to the increasing manufacturing in the developing as well as developed nations.

The use of non-destructive testing (NDT) helps detect the faults precisely, reducing the product/component failure probability as well as costs incurred in the repairs of the components. The use of NDT also speeds up the process of manufacturing as the possible faults are eliminated beforehand. The key factor expected to drive the growth of the market is the technological advancements in non-destructive testing methods. Improvements in the techniques have ensured deviation-free fault detection and have reduced the complexity involved in the testing procedures considerably.

The ultrasonic testing segment is expected to witness significant growth over the forecast period. This growth is ascribed to the ease of handling the equipment, availability of skilled technicians, and precise fault detection. The manufacturing segment is expected to deploy NDT techniques extensively over the forecast period owing to the increasing awareness regarding their use.

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Non-destructive Testing Market Report Highlights

• The market is expected to exhibit a CAGR of 7.7% over the next eight years owing to a rise in manufacturing-related activities globally
• The services segment accounted for the largest revenue share of over 75.0% in 2021. The high upfront cost of non-destructive equipment coupled with technical complexities involved in their deployment/installation is the major reason influencing end-users to outsource their non-destructive testing operations
• Rapid industrialization, especially in developing economies has significantly contributed to the growth of the market
• The ultrasonic testing segment is expected to witness a significant CAGR of 8.3% over the forecast period owing to the benefits such as ease of handling and precise results
• The automated ultrasonic testing (AUT) segment is expected to witness a significant CAGR of 10.5 % over the forecast period owing to the aggressive efforts being pursued by NDT equipment and service providers to devise innovative inspection technologies and serve their customers more efficiently
• The manufacturing vertical segment was the dominant segment in 2021 and is expected to witness a healthy CAGR of 9.0% over the forecast period owing to the increased manufacturing activities, primarily in Asia Pacific
• North America dominated the market in 2021 and accounted for the largest revenue share of more than 36.0%, owing to the extensive adoption of NDT techniques in the region

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Non-destructive Testing Market Segmentation

Grand View Research has segmented the global non-destructive testing market based on offering, test method, vertical, and region:

Non-destructive Testing Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Services
• Equipment

Non-destructive Testing Test Methods Outlook (Revenue, USD Million, 2017 - 2030)

• Traditional NDT Method
  • Visual Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy Current Testing
  • Ultrasonic Testing
  • Radiographic Testing
• Digital/Advanced NDT Method
  • Digital Radiography (DR)
  • Phased Array Ultrasonic Testing (PAUT)
  • Pulsed Eddy Current (PEC)
  • Time-Of-Flight Diffraction (TOFD)
  • Alternating Current Field Measurement (ACFM)
  • Automated Ultrasonic Testing (AUT)

Non-destructive Testing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Oil & Gas
• Manufacturing
• Aerospace and Defense
• Construction
• Automotive
• Power Generation
• Others

Non-destructive Testing Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Non-destructive Testing Market

• Ashtead Technology
• Eddyfi
• Fischer Technologies Inc
• General Electric
• Nikon Corporation
• Mistras Group
• Olympus Corporation
• Sonatest
• Yxlon International
• Zetec, Inc
• MME Group
• TWI 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.

Heat Pump Market Top Players, Analysis And Forecast Till 2030: Grand View Research Inc.

 Heat Pump Market Growth & Trends

The global heat pump market size is anticipated to reach USD 136.84 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2022 to 2030. The market is primarily driven by the increasing prices for non-renewable energy sources and various government initiatives to boost the use of energy-efficient renewable energy sources.

These products are employed in both heating and cooling applications, which is achieved by transferring thermal energy in the form of heat; they can be used as a heater in winter and air conditioner in the summer. In addition, these products help reduce carbon emission thereby lowering the greenhouse gas emission and aiding in increasing the air quality.

The increased demand for air conditioning due to the growth of the housing sector and commercial establishments along with the government subsidies for increasing energy efficiency and reducing the carbon footprint have boosted the demand for these products. Furthermore, the demand has increased in residential facilities due to their cost-effective air conditioning.

As the government bodies of various countries are trying to implement energy conservation policies due to their high energy efficiency and low carbon emissions. The U.K. government has come up with energy efficiency offices to coordinate, monitor, and develop energy conservation policies as their energy efficiency strategy.

The COVID-19 outbreak adversely impacted the growth of the global residential and commercial industry because of the lockdowns in various parts of the world, which led to the closure of heat pump manufacturing facilities to curb the spread of the virus. Furthermore, the restricted travel rules made it difficult to obtain raw materials for the production of these products.

Advancements in technologies and new product launches amid the COVID-19 pandemic restrictions are anticipated to drive the growth of the market. For instance, Daikin Europe has launched Daikin Altherma 3 R, a high capacity R-32 refrigerant split air to the water heat pump which offers cooling along with heating and domestic hot water set-up.

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Heat Pump Market Report Highlights

• The air source technology segment has contributed to 81.1% of the global revenue share in 2021 due to their high efficiency, low carbon emissions, and increased demand in residential and commercial buildings
• The penetration of heat pumps in the industrial sector is expected to witness a CAGR of 7.8% from 2022 to 2030 due to the growing demand for industrial heating and cooling
• Geothermal technology in Europe is foreseen to witness an increase in demand at the CAGR 9.9%, owing to the need for switching to low-cost energy substitutes because of the increasing oil prices
• The heat pump demand in Japan is likely to expand at a CAGR of 9.3% over the forecast period on account of the increased demand for energy-efficient and eco-friendly air conditioning

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Heat Pump Market Segmentation

Grand View Research has segmented the global heat pump market based on technology, application, and region:

Heat Pump Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Air Source
• Water Source
• Ground Source

Heat Pump Application Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Residential
• Industrial

Heat Pump Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Heat Pump Market

• Carrier
• Daikin Industries, Ltd
• NIBE Group
• Viessmann Group
• Glen Dimplex
• BDR Thermea Group
• Midea Group
• Hitachi, Ltd.
• Ingersoll Rand Plc.
• STIEBEL ELTRON GmbH & Co. KG
• Vaillant Group
• Robert Bosch GmbH
• The Danfoss 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.

Europe Calcium Carbonate Market Booming Trends and Forecast Assessment for the Period 2022 to By 2030

 Europe Calcium Carbonate Market Growth & Trends

The Europe calcium carbonate market size is anticipated to reach USD 14.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. The market is predominantly driven by the increasing product utilization in several applications such as paper, plastics, and concrete manufacturing. Calcium carbonate is widely used in industrial fillers due to superior properties such as special white color, light scattering and high brightness and inexpensiveness as compared to wood flour or sawdust. This, in turn, is expected to fuel market growth over the forecast period.

Growing demand from the rubber industry for nano calcium carbonate as an effective and cheap substitute to carbon black, owing to its superior chemical properties, is expected to propel the demand. Moreover, the rising requirement of upgrading the infrastructure in the region is expected to increase the demand for calcium carbonate in Europe owing to its surged usage in paint, coating, adhesive, and sealant industries. Growing application of ground calcium carbonate in other end-use applications such as rubber and elastomers, animal and pet feeds, plastic and composites, paints and surface coatings, carpet backing, household products, construction, food and pharmaceutical, glass and ceramics, construction (asphalt, plasters, concrete), fertilizers, and agriculture liming is expected to trigger product growth in the near future.

PCC offers improved opacity and gloss compared to GCC. It is also used as an alternative to additives and wood pulp for manufacturing high-quality paperboard and paper as it is a cost-effective mineral. In Europe, the market is characterized by the presence of various domestic and global players, such as Imerys, Omya AG, Carmeuse, Lhoist, CALCIT doo, and Nordkalk Corporation among others. Key manufacturers are engaging in mergers, acquisitions, and collaborations to expand their geographical footprint in the market. Growing competition in terms of product development is likely to pave way for more opportunities in the end-use application industry such as water treatment, plastics, and paper across the region.

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Europe Calcium Carbonate Market Report Highlights

• The GCC segment accounted for revenue share of more than 83.0% in 2021 owing to its high brightness and affordable cost. The product is used in dietary supplements to maintain the strength of muscles, bones, heart, and nervous system which is driving the market
• The industrial fillers segment dominated the application segment and is expected to witness a CAGR of 3.6% over the forecast period as it improves thermal conductivity, energy savings, offers higher output, a faster conversion rate, and reduces shrinkage and warping. Furthermore, the environmental benefits associated with the product in the production of plastics are to propel the demand for the segment over the coming years
• In France, the market is expected to witness the fastest CAGR of 5.9% from 2022 to 2030 in terms of revenue, on account of the favorable government policies and increasing foreign investment are expected to drive the market. Moreover, the rising household income is favoring the growth of the construction sector, which is anticipated to trigger calcium carbonate consumption over the forecast period
• The key market players are adopting various strategies including acquisitions, mergers, geographical expansion, and product portfolio expansion to enhance their market position and to increase their customer base. For instance, in In April 2020, Imerys transformed its calcium carbonate to support the rubber glove manufacturers. This step was taken to meet the unprecedented demand for medical gloves due to the COVID-19 outbreak

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Europe Calcium Carbonate Market Segmentation

Grand View Research has segmented the Europe calcium carbonate market on the basis of product, application, and region:

Europe Calcium Carbonate Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• GCC
• PCC

Europe Calcium Carbonate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Industrial Fillers
• Rock Dust
• Water Treatment
• Citric Acid Production
• Others

Europe Calcium Carbonate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Norway
  • Denmark
  • Sweden
  • Finland

List of Key Players of Europe Calcium Carbonate Market

• Imerys
• Omya AG
• SIBELCO
• ACCM
• Nordkalk Corporation
• Carmeuse
• euroMinerals GmbH
• CALCIT doo
• Lhoist
• Provencale SA

About Grand View Research

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

Global Market For Product Lifecycle Management to Witness Tremendous Growth and Expansion by 2030

 

Product Lifecycle Management Market Growth & Trends

The global product lifecycle management market size is expected to reach USD 54.36 billion by 2030, registering a CAGR of 8.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. Product lifecycle management is gradually advancing and witnessing continuous developments in the form of improved software capabilities. In addition to this, the demand for robust data analytics software platforms is also increasing and has been augmented by the evolution of core technologies such as blockchain, artificial intelligence, machine learning. Furthermore, the emergence of smart products and factories by small-scale enterprises is expected to open new avenues for the market players. These smart products have complex functionalities in terms of connectivity, security compliances, and others. Hence, the increasing demand for connected devices is anticipated to drive the growth of the product lifecycle management market over the forecast period.

Over the past few years, the product lifecycle management market has been witnessing several new developments, particularly in the end-use sectors to increase transparency in supply chain & manufacturing processes. Product lifecycle management software has the potential to offer improved supply chain accuracy, lower lead times, and increase sales. For instance, in June 2021, Accenture, an Ireland-based company that provided professional services, acquired DI Square, a Japan-based IT company specialized in data analytics software, for firm’s consulting for product lifecycle management (PLM) and application lifecycle management (ALM) systems integration. This acquisition of DI Square will increase Accenture’s engineering expertise for the automotive and other manufacturing clients in Japan and other markets.

The growing need for the latest IT technologies, such as cloud computing, Artificial Intelligence (AI), big data, and communication technologies, such as 5G, is expected to open new opportunities for the adoption of product lifecycle management solutions in various end-use industries. Several large enterprises are already pursuing a cloud-first strategy for deploying their enterprise software and other systems. It has led to the amalgamation of interconnected devices, robots, and a quick knowledge network within a factory environment. Moreover, the PLM cloud deployments are mostly focused on non-conventional industries and small and medium enterprises. It allows the manufacturers to consolidate information about product development, streamline or change orders and requests, and improve communication with the suppliers. In addition to this, the increasing specialization in customer experience, rapid implementation times, and deeper integration capabilities are propelling the growth of the market over the forecast period.

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Product Lifecycle Management Market Report Highlights

• The design and engineering management segment accounted for a significant market share of over 30% in 2021. The design and engineering PLM software is extensively used by the manufacturing sector to manage designing, development, and engineering processes for continuous industrial digitization. For instance, Dassault Systèmes use CATIA, an engineering and design leading software for product, which is used to design, simulate, analyze, and manufacture products in various industries including aerospace, automotive, consumer goods, and industrial machinery
• The cloud segment is expected to register a significant CAGR of 9.0% over the forecast period. The segment growth can be attributed to an increase in demand for customer management, integration into Enterprise Resource Planning (ERP) system, IoT, and managing re-engineering in real-time
• The automotive and transportation segment is expected to register a significant CAGR of 7.7% from 2022 to 2030. The increasing use of digital manufacturing and the rising integration of IoT in producing autonomous cars is one of the key trends expected to drive the automotive and transportation market during the forecast period
• North America is expected to reach USD 17.97 billion by 2030. The region is expected to continue dominating the market over the forecast period in line with the aggressive adoption of next-generation technologies, such as IoT, additive manufacturing, augmented reality, and telecommunications technologies, such as LTE and 5G

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

Product Lifecycle Management Market Segmentation

Grand View Research has segmented the global product lifecycle management market based on software, deployment, end use, and region:

Product Lifecycle Management Software Outlook (Revenue, USD Million, 2017 - 2030)

• Portfolio Management
• Design & Engineering Management
• Quality & Compliance Management
• Simulation, Testing, & Change Management
• Manufacturing Operations Management
• Others

Product Lifecycle Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise
• Cloud

Product Lifecycle Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Aerospace & Defense
• Automotive & Transportation
• Healthcare
• IT & Telecom
• Industrial Equipment & Heavy Machinery
• Retail
• Semiconductor & Electronics
• Others

Product Lifecycle Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Product Lifecycle Management Market

• ANSYS, Inc.
• Aras Corporation
• Arena Solutions, Inc.
• Oracle Corporation
• SAP SE
• AUTODESK, INC.
• Siemens AG
• PTC Inc.
• Dassault Systèmes
• Synopsys 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.