Automotive Engine Market Competitive Insight and Key Drivers 2022 to 2030: Grand View Research Inc.

 Automotive Engine Market Growth & Trends

The global automotive engine market size is expected to reach USD 118.2 billion by 2030, registering a CAGR of 2.5% over the forecast period, according to a new report by Grand View Research, Inc. The consumer inclination for high-performing automobiles in the mid and high-end segment vehicles is prompting the manufacturers to develop prototypes of engines that are fuel-efficient and have higher torque. Regulatory standards for fuel efficiency and the development of technologically advanced powered engines for improved automobile performance are the major factors driving the demand in the market. The increasing sales of commercial and passenger cars in developing countries are propelling the demand for automobile engines in the region.

Several companies, such as Ford Motor Corporation, Fiat Automobiles S.p.A., Honda Motor Company, Ltd., and General Motors, are developing compact engines with higher torque and lower emissions. The demand for improved engine performance and higher fuel efficiency to comply with government regulations to reduce vehicle emissions has led to the development of engines producing lesser carbon emissions. These developments are further impacting the market growth. Automobile manufacturers' competitive pricing of cars offering the different features in the same segment has boosted demand for passenger cars in emerging countries leading to more refined engine technology development.

Asia Pacific is projected to grow substantially over the forecast period owing to the technological advancements in automotive, rising ownership of automobiles, and an increase in the per capita income of people. The improved living standards in the Asia Pacific region prompt car manufacturers to launch mid and high-end segment cars with powerful engines and budget-friendly prices. Stringent government regulations and emission norms have been implemented in this region. All these factors bode well for the growth of the market.

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Automotive Engine Market Report Highlights

• The passenger cars by vehicle segment is held the highest revenue share of over 60% in 2021
• Rapidly rising demand for electric cars is attracting key competitors in the Asia Pacific region
• Stringent fuel efficiency regulatory standards and rising demand for technologically advanced powered engines for improved vehicle performance are the major growth drivers for an automotive engine
• The development of hydrogen engines as an alternative to fossil-fuel-powered engines is creating new growth trends in the market

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Automotive Engine Market Segmentation

Grand View Research has segmented the global automotive engine market based on placement type, fuel type, vehicle type, and region:

Automotive Engine Placement type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

• In-line engine
• V- type
• W engine

Automotive Engine Fuel Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

• Diesel
• Gasoline
• Other Fuel

Automotive Engine Vehicle Type (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

• Passengers Cars
• Commercial Vehicles

Automotive Engine Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Automotive Engine Market

• AB Volvo
• Cummins Inc.
• Fiat Automobiles S.p.A
• Volkswagen AG
• Ford Motor Company
• Mitsubishi Heavy Industries, Ltd.
• General Motors
• Honda Motor Co., Ltd.
• Mercedes-Benz
• Renault 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.

U.S. Healthcare Finance Solutions Market Advanced Technologies and Growth Opportunities Worldwide By 2030

 U.S. Healthcare Finance Solutions Market Growth & Trends

The U.S. healthcare finance solutions market size is expected to reach USD 89.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.7% from 2022 to 2030 The need for capital investment and the development of healthcare infrastructure are some of the key factors boosting the growth of the market. The COVID-19 pandemic has positively changed the growth projections of the market.

Healthcare is an evolving and expanding industry. The increasing prevalence of diseases, advances in digital technology, and the introduction of novel drugs and medicines have led to a rise in healthcare demand and expenditure. In today’s world, the healthcare system is shifting from volume to value-based care to improve patient care and engagement. Competitive pricing & improved quality of healthcare services and changes in reimbursement plans in the U.S. are expected to drive the healthcare finance solutions market over the forecast period.

The COVID-19 pandemic has increased the adoption of digitalization in healthcare. It has increased the requirement for funding in the healthcare sector to maintain the cash flow of day-to-day activities. With increased costs related to COVID-19 and the lost revenue from the cancellation of outpatient office visits, elective surgeries, and elective procedures, hospitals throughout the country became financially stressed.

The increasing consumer demand and frequently changing laws are also contributing to the growth. For instance, in 2016, the mission of The Department of Health and Human Services has entailed improving patient outcomes and reducing medical costs. These changes are driving the need for financial services in the healthcare sector. Also, the requirement for investment in advanced and innovative technology and services to reduce the overall healthcare expenditure is expected to propel the market growth during the forecast period.

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U.S. Healthcare Finance Solutions Market Report Highlights

• Based on equipment type, the decontamination equipment segment held about 36.0% of the market share in 2021 due to the high cost of equipment
• Based on healthcare facilities, the hospitals & health systems segment dominated the market in 2021 with a share of 24.9% due to the increasing prevalence of chronic diseases and the need to treat them along with handling patient data
• Equipment and technology finance services dominated the market in 2021 with a 45.0% revenue share due to the rising need for financial assistance for providing medical care services to patients
• Private players in the largest lender segment account for 51.1% of the market share in 2021 This is attributed to the factors such as great ROI, various tax benefits & offers provided by the private players

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U.S. Healthcare Finance Solutions Market Segmentation

Grand View Research has segmented the U.S. healthcare finance solutions market based on equipment type, healthcare facility type, services, and lenders:

U.S. Healthcare Finance Solutions Equipment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic/Imaging Equipment
• Specialist Beds
• Surgical Instruments
• Decontamination Equipment
• IT Equipment

U.S. Healthcare Finance SolutionsHealthcare Facility Type Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Health Systems
• Outpatient Imaging Centers
• Outpatient Surgery Centers
• Physician Practices & Outpatient Clinics
• Diagnostic Laboratories
• Urgent Care Clinics
• Skilled Nursing Facilities
• Pharmacies
• Other Healthcare Providers

U.S. Healthcare Finance SolutionsServices Outlook (Revenue, USD Million, 2018 - 2030)

• Equipment & Technology Finance
  • Government & Other Federal Agencies
  • Private Players
  • Others
• Working Capital Finance
  • Government & Other Federal Agencies
  • Private Players
  • Others
• Project Finance Solutions
  • Government & Other Federal Agencies
  • Private Players
  • Others
• Corporate Lending
  • Government & Other Federal Agencies
  • Private Players
  • Others

U.S. Healthcare Finance SolutionsLenders Outlook (Revenue, USD Million, 2018 - 2030)

• Government & Other Federal Agencies
• Private Players
• Others

List of Key Players in the U.S. Healthcare Finance Solutions Market

• Siemens Financial Services, Inc.
• General Electric Company
• Commerce Bankshares, Inc.
• Thermo Fisher Scientific, Inc.
• Siena Healthcare Finance
• CIT Group, Inc.
• Stryker
• Gemino Healthcare Finance
• Oxford Finance LLC
• TCF Capital Solutions

About Grand View Research

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

Missouri Market For Medical Cannabis to Witness Tremendous Growth and Expansion by 2030

 Missouri Medical Cannabis Market Growth & Trends

The Missouri medical cannabis market size is expected to reach USD 2.02 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.7% from 2022 to 2030. Growing evidence of marijuana's health advantages, rising patient knowledge regarding these benefits, and an increase in the prevalence of chronic conditions are the major factors contributing to the market growth. In addition, since November 2018, Missouri has allowed the cultivation, processing, manufacturing, and distribution of medical cannabis. Since then, a sharp rise has been witnessed in the sales of medical cannabis, thereby impelling the growth in the state.

Based on application, the chronic pain segment dominated the market in 2021 with a share of over 25.0% owing to a large patient pool. Pains associated with neurogenic issues, arthritis, low back issues, cancer, headache, neck-related issues, and face-related issues are just a few of the several types of chronic pain. Medical marijuana has been said to help people who are suffering from pain. The market is likely to witness growth during the forecast period as a growing number of people are understanding the importance and benefits of the intake of cannabis-based products.

Based on product, the oils and tinctures segment accounted for the largest revenue share in 2021. Some of the major factors responsible for the segment growth are benefits provided by the utilization of oils and tinctures over smoking flowers and ease of use. In addition, this segment is anticipated to grow at the fastest rate during the forecast period owing to its increasing demand from patients undergoing treatment for health conditions such as PTSD, epilepsy, autism, and chronic pain.

In practically every business, the COVID-19 pandemic has resulted in massive lockdowns, disrupting daily operations and affecting consumer behavior. Retail stores have been closed as the backlash to COVID-19 grows. Due to the suspension of the logistics industry in major raw material-producing countries such as China and India, the market began to experience a supply deficit. Furthermore, supply chain interruptions across the U.S. has led to a tremendous strain on the supply of additional raw materials, thereby constraining the market growth. In addition, this has impacted the manufacturing of cannabis products, and hence the supply chain for medical cannabis in the state has been disrupted.

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Missouri Medical Cannabis Market Report Highlights

• The legalization of marijuana for medical purposes and the increasing number of people who qualify are likely to bolster the market growth in Missouri
• Due to factors such as the rising demand for cannabis extracts, the legalization of marijuana for the treatment of various chronic diseases, and new cannabis extract product launches, the oil and tinctures product segment dominated the market in 2021 with a revenue share of over 50.0%
• By application, chronic pain led the market with a revenue share of over 25.0% in 2021. This is due to a growth in the use of medicinal cannabis as an efficient therapy for acute pain owing to its ability to dull the perceptions and anti-inflammatory qualities

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Missouri Medical Cannabis Market Segmentation

Grand View Research has segmented the Missouri medical cannabis market based on product and application:

Missouri Medical Cannabis Product Outlook (Revenue, USD Million, 2018 - 2030)

• Flower
• Oils & Tinctures

Missouri Medical Cannabis Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cancer
• Chronic Pain
• Depression & Anxiety
• Arthritis
• Diabetes
• Glaucoma
• Migraines
• Epilepsy
• Multiple Sclerosis
• Others
  • AIDS
  • Amyotrophic Lateral Sclerosis
  • Alzheimer’s
  • Post-Traumatic Stress Disorder (PTSD)
  • Parkinson's
  • Tourette’s
  • Others

List of Key Players of Missouri Medical Cannabis Market

• BeLeaf Medical
• Blue Sage Cannabis Co.
• Show Me Alternatives
• Heya Wellness
• Missouri Wild Alchemy
• Organic Remedies
• Holistic Industries
• Kansas City Cannabis
• LOCAL CANNABIS COMPANY
• MOcann Extracts

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.

Cloud Gaming Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 Cloud Gaming Market Growth & Trends

The global cloud gaming market size is estimated to reach USD 20.94 billion by 2030, registering a CAGR of 45.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. As cloud storage has gained a more secure position over onsite storage, this has affected the gaming industry. Through cloud gaming services, gamers can access high-quality interactive games remotely without bearing the additional cost of expensive computer systems. The growing number of gamers globally has directed affected the market.

Market growth is likely to be aided by increased investments in 5G technology and affordable access to various cloud-based games. Furthermore, market participants have collaborated with telecom firms to supply cloud gaming services worldwide. AAA Games are readily available on the cloud gaming platforms, and companies are expanding gaming portfolios to have a competitive advantage. For instance, in December 2021, LG Electronics worked with Google Stadia to bring the latter's cloud gaming service to LG Smart TVs operating webOS 5.0 and 6.0.

Game studios embrace industry-wide revolution, pushing the limits of technology and producing constantly updated gaming experiences that scale to millions of players. For instance, AWS has integrated purpose-built game creation capabilities – such as AWS solutions, AWS services, and AWS Partners – with six solution areas to assist developers in developing, testing, and growing their games.

COVID-19 has proved advantageous for the market. As people around the globe began adhering to pandemic norms and restrictions, there was a need for entertainment. While cloud gaming services were available before the pandemic, they gained popularity, and many companies entered the cloud gaming industry. For instance, in October 2020, The Facebook Company, now known as Meta, launched cloud gaming services, particularly for mobile users.

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Cloud Gaming Market Report Highlights

• Asia Pacific region accounted for the largest market share of more than 40% of the global market, owing to the rise in trends towards smartphone gaming.
• The file streaming industry is expected to increase at a roughly 46.0% percent CAGR over the forecast years. File streaming enables users to play games only after a partial download and allows game developers to cut the expense of creating media and sending out fixes to players; consequently, the file streaming segment is witnessing growth quickly.
• In terms of gamer type, the casual gamers segment is predicted to grow at the fastest CAGR of more than 45% during the forecast period. The relevancy of smartphones and devices may be credited to the segment's growth.

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Cloud Gaming Market Segmentation

Grand View Research has segmented the global cloud gaming market based on type, device, gamer type, and region.

Cloud Gaming Type Outlook (Revenue, USD Million, 2018 - 2030)

• File Streaming
• Video Streaming

Cloud Gaming Device Outlook (Revenue, USD Million, 2018 - 2030)

• Smartphones
• Tablets
• Gaming Consoles
• PCs & Laptops
• Smart TVs
• Head-mounted Displays

Cloud Gaming Gamer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Casual Gamers
• Avid Gamers
• Lifestyle Gamers

Cloud Gaming Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Cloud Gaming Market

• com, Inc.
• Apple Inc.
• Electronic Arts, Inc.
• Google Inc.
• Intel Corporation
• International Business Machines Corporation (known as IBM)
• Microsoft Corporation
• NVIDIA Corporation
• Sony Interactive Entertainment
• Ubitus Inc.
• Tencent Holdings 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.

Human Resource Management Market Poised to Expand at a Robust Pace of USD 56.15 Billion Over 2030: Grand View Research Inc.

 Human Resource Management Market Growth & Trends

The global human resource management market size is expected to reach USD 56.15 billion by 2030, registering a CAGR of 12.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. Digitalization in human resource management (HRM) technologies and software such as analytics, mobile, and cloud-based technologies are expected to drive the growth of the market. Future trends are the shift towards full-time remote work post-COVID-19 and the goal-oriented model's incorporation into workforce operations. Companies have also learned that developing corporate culture among employees can help them achieve their collective goals.

The HRM functions have developed rapidly in the COVID-19 pandemic because of the shift towards automation; the companies have started using software such as automated onboarding and remote recruiting and are embraced towards making the HR process virtual. For instance, Cegid Talentsoft has designed Cegid Talensoft Talent Acquisition software, which helps companies source better candidates and simplify the recruitment process. The software saves time and enriches the recruitment process for the candidates. A hybrid workplace model and automated workforce optimization with the help of cloud-based HR tools have gained importance across all industries. Its verticals in the COVID-19 pandemic are expected to emerge as a preferred option post-pandemic era.

Automated workforce optimization has also gained popularity across all industries. Verticals are predicted to emerge as the preferred option in the COVID-19 pandemic even in the post-pandemic. AI-based workforce optimization enables AI to generate employee schedules, estimate demand changes, and match workers to workloads. Artificial intelligence, the gig economy, diversity, productivity skills, and cloud-based HR technology are expected to drive post-pandemic HR management. HRM solution providers are focusing on enhancing their software solutions in order with the customers changing requirements and leveraging the advances in technology. Companies are also investing in R&D activities to develop HRM solutions that are simple to implement and understand and can potentially improve work efficiency. Key market players, such as SAP SE and Oracle Corp., have started offering their products on the cloud to eliminate the need for frequent system upgrades.

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Human Resource Management Market Report Highlights

• The need to solve the difficulty of identifying the right personnel is likely to fuel the expansion of the talent management software industry in the coming years. The segment is predicted to increase at a CAGR of more than 14% in the years ahead.
• The post-COVID impacts are expected to positively impact because some establishments have been given the option of working remotely with their workforces even after the pandemic is over. Such developments are expected to upsurge the distribution of HRM software, thus driving the segment growth over the estimated period.
• Advancements in modern technologies such as cloud-based HR technology, the Internet of Things(IoT), artificial intelligence (AI), and the constant deployment of these technologies in HR analytics are likely to fuel market demand over the forecasted period.
• HR analytics and its incorporation with HRM solutions to make informed decisions are vital in propelling the HRM industry.

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Human Resource Management Market Segmentation

Grand View Research has segmented the global human resource management market based on component, software, service, deployment, enterprise size, end-use, and region:

HRM Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Service

HRM Software Outlook (Revenue, USD Million, 2018 - 2030)

• Core HR
• Employee Collaboration & Engagement
• Recruiting
• Talent Management
• Workforce Planning & Analytics
• Others

HRM Service Outlook (Revenue, USD Million, 2018 - 2030)

• Integration & Deployment
• Support & Maintenance
• Training & Consulting

HRM Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Hosted
• On-premise

HRM Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Large Enterprise
• Small & Medium Enterprise (SME)

HRM End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Academia
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

HRM Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • France

Germany

• UK.

• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • Singapore
  • Thailand
  • Hong Kong
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players in Human Resource Management (HRM) Market

• Accenture
• ADP, Inc.
• Cezanne HR Limited.
• Ceridian HCM, Inc.
• International Business Machines Corp. (IBM)
• Kronos Incorporated
• Mercer LLC
• Oracle
• PwC
• SAP SE
• Cegid
• UKG, Inc.
• Workday, 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 Poised to Garner Maximum Revenues During 2022– 2030: Grand View Research Inc.

 Commercial Refrigeration Equipment Market Growth & Trends

The global commercial refrigeration equipment market size is estimated to reach USD 58.31 billion by 2030, registering an estimated CAGR of nearly 5.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The major aspects driving the market growth are the increasing consumption of frozen foods and the significant expansion of the tourism and hospitality industries.

The rising environmental concerns about harmful emissions produced by refrigerators such as Hydro-chlorofluorocarbons (HCFC) and Chlorofluorocarbons (CFC) have led to the establishment of norms promoting the adoption of energy-efficient equipment for commercial refrigeration. The Clean Air Act launched by the U.S. Environment Protection Agency mandates the regularized application of low Global Warming Potential (GWP) refrigerants in the commercial segment.

Such regulatory measures are urging commercial refrigerator manufacturers to develop energy-efficient refrigerants to reduce the impact of Greenhouse emissions. For instance, in September 2020, Daikin Industries, Ltd. launched the upgraded version of its Conveni-Pack cooling system suitable for petrol station and food retail applications to develop an eco-friendly natural refrigerant CO2. This is an all-in-one and highly efficient solution that combines food refrigeration, air conditioning, heat recovery, and a heat pump in one unit to meet the requirements for commercial refrigeration set by the European food retail sector.

The global outbreak of the COVID-19 pandemic had severely affected the commercial foodservice industry and retail industries, thereby impacting the expansion of the commercial refrigeration equipment market. However, the industry witnessed strong demand from the pharmaceutical and biotechnology industries with the increasing need to produce and store vaccines. Several pharmaceutical firms and research institutes demanded vaccine storage refrigerators as a part of their R&D activities to deliver life-saving vaccines against the coronavirus.

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Commercial Refrigeration Equipment Market Report Highlights 

• The refrigerators and freezers segment held a revenue share of around 25.0% in 2021 owing to the increased demand for vaccine storage units during the pandemic for conducting the immunization process.
• The self-contained refrigeration equipment segment is anticipated to witness a CAGR of around 5.0% from 2022 to 2030.
• The U.S. has emerged as a major contributor across North America by accounting for a market share of more than 80.0% in 2021.
• The 51 cu. Ft. - 100 cu. Ft. capacity segment captured a substantial revenue share of around 49.0% in 2021.

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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:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

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

Application Outlook (Revenue, USD Billion, 2018 - 2030)

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

System Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Self-contained
• Remotely Operated

Capacity Outlook (Revenue, USD Billion, 2018 - 2030)

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

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Commercial Refrigeration Equipment Market

• AB Electrolux
• Ali Group S.r.l. a Socio Unico
• AHT Cooling Systems GmbH
• Carrier
• Daikin Industries, Ltd.
• Dover Corporation
• Hussmann Corporation
• Excellence Industries
• Hillphoenix, A Dover Company
• Illinois Tool Works Inc.
• Imbera
• Lennox International Inc.
• Metalfrio Solutions S.A.
• Minus Forty Technologies Corp.
• Ojeda Usa Inc.
• Panasonic Corporation
• Qingdao Hiron Commercial Cold Channel Co., Ltd.
• True Manufacturing Co., Inc.
• Victory Refrigeration
• Whirlpool Corporation
• Zero Zone, 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 Home Market to Undertake Strapping Growth By 2030

 Smart Home Market Growth & Trends

The global smart home market size is projected to reach USD 537.01 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 27.0% from 2022 to 2030. The rising focus on energy conservation and reduced carbon emissions are anticipated to drive market growth during the forecast period. The improved regulatory initiatives by governments for deploying smart home devices to save energy are encouraging people to adopt these products, thereby significantly impacting the market growth.

For instance, in June 2020, the government of the U.K. released new plans to deploy smart meters in homes across the region, guaranteeing that consumers may continue to save money on their energy bills and carbon emissions once the coronavirus pandemic-induced lockdown is removed. The growing elderly population is expected to significantly impact the market growth for smart homes due to an increasing demand for smart devices to monitor and control their health and set reminders for their medicines and appointments with physicians.

Increasing awareness regarding smart grids, higher personal income in developing economies, power line communication assistance, and the rise of the consumer electronics industry are factors likely to impact market growth positively. In developed and developing countries, smart home devices pose significant potential in the overall smart home industry.

Increased adoption of IoT has led to a faster deployment of smart devices, such as control lights, thermostats, heating equipment, door locks, and others, to streamline the control and management of basic household chores. Furthermore, the growing need for a luxurious lifestyle in developing nations owing to increased disposable income and preference among consumers for energy-efficient devices is propelling the market growth.

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Smart Home Market Report Highlights

• The security and surveillance application segment dominated the global market and accounted for the highest revenue share of around 31.0%. This is owing to the rising demand for smart home devices such as burglar alarms, window sensor alarms, and security cameras, which inform users of a potential threat or security breach
• The energy management segment is anticipated to witness substantial growth due to increasing awareness regarding energy-efficient devices, coupled with the support of regulatory bodies for developing a smart grid and installing smart electricity, water, and gas meters
• During the pandemic, many customers adopted smart home gadgets, out of health safety concerns and to curb the spread of the virus. Consumers used smart devices such as robotic cleaners to keep the home tidy, video doorbells for reducing hand contact, and innovative security cameras for safety purposes
• Increased penetration of smart digital assistants, such as Alexa and Google Assistant, among households for easy communication and entertainment has led to significant market growth

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Smart Home Market Segmentation

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

Smart Home Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Security & Surveillance
• Lighting
• Entertainment
• Energy Management
• HVAC
• Smart Kitchen
• Home Fitness & Wellness

Smart Home Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Smart Home Market

• Honeywell International Inc.
• LG Electronics, Inc.
• Lutron Electronics Co., Inc.
• Google Nest
• NETGEAR Inc.
• Ring LLC
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• Schneider Electric SE
• Philips Lighting B.V.

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 Demand for Smart Manufacturing Market Increasing in Most Part of World 2030

 Smart Manufacturing Market Growth & Trends

The global smart manufacturing market size is predicted to hit USD 787.85 billion by 2030. The market is also anticipated to register a CAGR of 13.4% from 2022 to 2030, based on a recent report by Grand View Research, Inc. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth.

The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in controlling large amounts of data and accessing data and hence Participants can opt for self-study programs and Artificial Intelligence (AI) technologies to avoid challenges. However, with increasing reliance on data, the industry aims to prevent contact with processes from preventing unintended issues. An essential aspect of the industry is the need to integrate various technologies such as intelligent sensors, robots, and cloud computing. Digital development has created the opportunity to use integrated technologies to achieve measurable results. Simulation, 3D printing, and network technology development have made the market a promising investment center for technology developers and users.

Several countries around the world imposed strict closures to prevent the spread of COVID-19, with severe restrictions and safety measures. Leading companies that produce smart devices started using IoT deployment, statistics, and AI-based digital platforms to reduce the need for human interaction. In addition, reduced efficiency in production lines due to social isolation processes is also strengthened with the help of automated solutions, thereby reducing employee involvement in production processes.

While established retailers are pushing their technology harder in new fields and operating environments, the barriers to entry and sale of entrants are declining rapidly. These trends have led to an increase in competition among retailers, thus, leading to the introduction of fictional business models as advanced products. Buyers are experiencing a paradigm shift and focus on ordering rather than production to sell stock. These circumstances are expected to drive a comprehensive overhaul of production business models. This, in turn, is expected to fuel the market during the forecast period.

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Smart Manufacturing Market Report Highlights

• Industrial 4.0 has been helping to transform the market from acquiring legacy systems to smart components and sophisticated equipment to the development of digital factories, and later, to the ecosystem of plants and connected businesses
• Based on the technology segment, the 3D printing type of smart manufacturing is anticipated to grow with the highest CAGR of 16.4% during the forecast period of 2022-2030. The growth in this segment is attributed to the recent rise in the use of 3D animationin the production of spare parts
• The software segment is poised to grow with the highest CAGR of 14% during the forecast period of 2022-2030, while the use of smart manufacturing in the automotive industry had the largest market share of 23.5% in 2021. The advent of analytics and AI-driven systems is expected to be a key factor driving the partial growth of smart manufacturing
• The Asia Pacific region contributed the largest revenue share in 2021 to the market owing to the constant advancements in automation and reducing dependency on other nations for an in-house manufacturing facility. For instance, India in the Asia Pacific region has largely been depending on in-nation resources and technologies as a part of their “Make in India” concept

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

Smart Manufacturing Market Segmentation

Grand View Research has segmented the global smart manufacturing market based on component, technology, end-use, and region:

Smart Manufacturing Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Hardware
• Software
• Services

Smart Manufacturing Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Machine Execution Systems
• Programmable Logic Controller
• Enterprise Resource Planning
• SCADA
• Discrete Control Systems
• Human Machine Interface
• Machine Vision
• 3D Printing
• Product Lifecycle Management
• Plant Asset Management

Smart Manufacturing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive
• Aerospace & Defence
• Chemicals & Materials
• Healthcare
• Industrial Equipment
• Electronics
• Food & Agriculture
• Oil & Gas
• Others

Smart Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Smart Manufacturing Market

• Siemens
• General Electric
• Rockwell Automation, Inc.
• Schneider Electric
• Honeywell International Inc.
• Emerson Electric Co.
• Fanuc UK Limited

About Grand View Research

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

Medical Polyetheretherketone Market to Penetrate Untapped Regions During 2022 to 2030: Grand View Research Inc.

 Medical Polyetheretherketone Market Growth & Trends

The global medical polyetheretherketone market size is expected to reach USD 1.0 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2022 to 2030. The market for medical polyetheretherketone (PEEK) is anticipated to grow owing to the replacement of metals like stainless steel and titanium in medical devices and implants.

PEEK has many advantages over metals like titanium or stainless steel in medical applications. These can be designed with microporous structures and can be further enhanced with hydroxyapatite or zeolite, which naturally promote bone growth. PEEK is chemically inert and is preferred over metals in areas where the reaction of chemicals with metals is not fully understood. It is also preferred for medical devices as it reduces the weight of the device. Due to its radiopacity, PEEK is preferred as certain scanning devices cannot scan through metallic parts. Finally, because of its high-temperature resistance, tools made of PEEK can be easily sterilized by autoclaving and reused many times.

The high cost of PEEK compared to other medical-grade polymers is going to hinder the growth of the market. However, these plastics cannot replace PEEK as it is a high-performance polymers with superior characteristics like high flexural strength, impact resistance, chemical and heat resistance, and biocompatibility. Strict medical device regulations also pose a challenge to the adoption of PEEK in medical devices and implants.

Players in the market are adopting new product development and collaborations as their prime strategies to expand their reach in the global market. In May 2021, a new Creed Cannulated Screw System for foot and ankle surgery made by Carbon22 from Solvay’s Zeniva (PEEK) received 510(k) clearance from the FDA. In March 2019, the first foot and ankle implant made from Invibio’s PEEK-OPTIMA HA enhanced polymer received clearance from the FDA.

Due to the presence of established players in the market, the competitive rivalry is high. Medical polyetheretherketone manufacturers collaborate with other market players to increase their market share. For instance, in November 2020, In2Bones USA, a subsidiary of In2Bones Global, Inc. and a global manufacturer of implants for upper and lower extremities, announced that it has reached an exclusive agreement with Invibio Ltd. The agreement is for research and development and manufacturing of lower extremity implants by using the latter’s PEEK-OPTIMA Ultra Reinforced (POUR) carbon fiber technology.

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Medical Polyetheretherketone Market Report Highlights

• The cardiovascular application segment is expected to register the highest CAGR of 9.2% over the forecast period, in terms of revenue. The significant growth is attributed to the increasingly sedentary lifestyle, stress, and unhealthy eating habits leading to the increased cardiovascular diseases
• Spine implantation was the largest application segment in 2021. The increasing geriatric population in countries like Japan, Italy, the U.S., and Germany is going to drive the spine implantation segment over the forecast period
• The increasing adoption of medical polyetheretherketone in medical equipment is expected to be the major driver for the market over the forecast period. Its superior heat, chemical and fatigue resistance, and high flexural strength make it ideal for medical implants like spine implants, hip and knee implants, and dental implants
• North America dominated the market and accounted for more than 40.0% share of the overall revenue in 2021

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

Medical Polyetheretherketone Market Segmentation

Grand View Research has segmented the global medical polyetheretherketone market on the basis of application, and region:

Medical PEEK Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Trauma Fixation
• Cardiovascular
• Orthopedic
  • Spine Implantation
  • Knee & Hip Implantation
• Dental Implants & Fixtures
• Others

Medical PEEK Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

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

List of Key Players in Medical Polyetheretherketone (PEEK) Market

• Superior Polymers
• Evonik Industries AG
• Invibio Ltd.
• Solvay
• Medtronic

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.

Computed Tomography Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Computed Tomography Market Growth & Trends

The global computed tomography market size is expected to reach USD 7,551.7 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.3% from 2022 to 2030. The increasing burden of chronic disorders, such as cardiovascular diseases and cancer, and the high demand for effective imaging tools are the factors driving growth. According to the International Agency for Cancer on Research, in 2020 globally there were about 19,292,789 new cancer cases with 9,958,133 deaths. The same source stated that the prevalence of cancer is predicted to increase to 50,550,287 by 2025. In addition, increasing demand for computed tomography (CT) systems in emergency care departments are expected to be a major driver during the forecast period.

Advanced technology with features such as dose management systems, the ability to diagnose tumors through motion (4D), artificial intelligence integration, and high-end material differentiation is expected to replace the existing conventional devices. In September 2021, GE Healthcare introduced the Revolution Ascend CT system, the technology that combines artificial intelligence (AI) to improve operational efficiency and patient comfort. The increasing number of favorable reimbursement policies by the government as well as private entities are also expected to drive the market at a lucrative pace. Growing demand for ambulatory diagnostic centers due to improving affordability and increasing reach of CT scanners to remote regions is expected to aid further growth.

Moreover, the inability of alternative imaging technologies to provide quick reports and at the same time be cost-effective boosts growth. These devices and this technology are also routinely upgraded, which is expected to further increase demand over the forecast period. Since the start of the COVID-19 pandemic, demand for CT scanners gradually increased. Large companies like Siemens Healthineers are known to sell over 200 CT scanners each year. The COVID-19 pandemic has resulted in a significant surge in CT scan equipment demand, with Siemens reporting sales of 80 to 100 units in only 45 days. Furthermore, due to increased demand for chest CT examinations in COVID-19 patients, major manufacturers increased the production capacity of the CT system.

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Computed Tomography Market Report Highlights

• The high-end slice CT segment held the largest market share in 2021, the increasing demand for advanced technology with enhanced imaging quality and the shifting focus on providing quality healthcare services has contributed to this growth
• Based on end-use, the hospital segment captured the largest revenue share in 2021, the large patient pool and high demand for CT scanners as a diagnostic tool during treatment are expected to contribute to the growth of this segment
• North America dominated the market in 2021, owing to the high adoption of advanced technology and the presence of a large number of market players are some of the factors that can be attributed to this share
• Asia Pacific is expected to grow at the fastest rate over the forecast period, growing demand for advanced imaging techniques and the rising number of diagnostic imaging centers are some of the factors driving regional growth
• Major players in the industry are focusing on the launch of advanced technology and features such as artificial intelligence-enabled, dual source-detector technology-based CT scanners

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

Computed Tomography Market Segmentation

Grand View Research has segmented the global computed tomography market based on technology, application, end-use, and region:

Computed Tomography Technology Outlook (Revenue, USD Million, 2018 - 2030)

• High-End Slice
• Mid End Slice
• Low-End Slice
• Cone Beam

Computed Tomography Application Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology
• Neurology
• Cardiology
• Vascular
• Musculoskeletal
• Others

Computed Tomography End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Diagnostics Imaging Center
• Ambulatory Imaging Center

Computed Tomography Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Computed Tomography Market

• Koninklijke Philips N.V. 
• GE Healthcare
• Siemens Healthineers AG
• Canon Medical Systems
• FUJIFILM Corporation
• NeuroLogica Corp
• Neusoft Corporation
• Koning Corporation
• Shenzhen Anke High-Tech Co

About Grand View Research

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