Satellite Communication Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Satellite Communication Market Growth & Trends

The global satellite communication market size is projected to reach USD 159.6 billion in 2030, registering a CAGR of 9.5% from 2022 to 2030, as per a new report by Grand View Research, Inc. The rising proliferation of small satellites for tactical communication, geospace & atmospheric research, and medium resolution imagery in military & defense applications has propelled the growth of the market. The increasing demand for satellite communication (Satcom) solutions from the aviation industry to improve airline operations and air traffic management is anticipated to boost market expansion during the forecast period.

It is anticipated that the advent of the 5G network and several scheduled Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellite launches would propel the expansion of the Satcom market at a rapid pace. Additionally, the evolution of satellite communication in the connectivity sector has prompted Satcom operators to offer the global deployment of Internet of Things (IoT) solutions. More than 2.7 million devices are currently supported by satellites, including those used for aviation, infrastructure, trade, environmental monitoring, and military support.

Satcom providers have changed their business models in recent years to focus on providing high bandwidth satellite transponders with higher transponder throughput and lower prices. An incoming signal is identified and automatically responded to by a satcom transponder, a wireless communication, monitoring, and control device. Factors such as the increase in consumer broadband demand, corporate enterprise network need, and the expansion of Ka-band and Ku-band services are anticipated to drive the growth of the satellite transponder segment. Additionally, the overall demand has significantly increased due to recent space development missions by many space organizations, including China National Space Administration (China) and Indian Space Research Organization (India).

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Satellite Communication Market Report Highlights

• The global need for enhanced data communication is fueling the expansion of the market for satellite communication
• The equipment category is anticipated to register the fastest CAGR of 10.2% owing to several advantages, including integrating targets, tracking movements, and discovering hidden tunnels
• Due to the widespread use of satellite TV services in 2021, the broadcasting sector held the largest market share
• The government & defense sector is predicted to witness the fastest CAGR of over 11% throughout the projection period since satellite communications are ideal for use in military activities across the globe
• North America held the largest revenue share, followed by Europe. The region's increasing passenger traffic for marine and coastal tourism and the presence of a significant number of industry players are expected to contribute to this growth
• EchoStar Corporation, Intelsat, L3 Technologies, Inc., SES S.A, Telesat, and Viasat, Inc. are some key players operating in the market

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Satellite Communication Market Segmentation

Grand View Research has segmented the global satellite communication market based on component, application, vertical, and region:

Satellite Communication Component Outlook (Revenue, USD Million, 2017 - 2030)

• Equipment
  • Satcom Transmitter/Transponder
  • Satcom Antenna
  • Satcom Transceiver
  • Satcom Receiver
  • Satcom Modem/Router
  • Others
• Services

Satellite Communication Application Outlook (Revenue, USD Million, 2017 - 2030)

• Asset Tracking/Monitoring
• Airtime
  • M2M
  • Voice
  • Data
• Drones Connectivity
• Data Backup And Recovery
• Navigation And Monitoring
• Tele-medicine
• Broadcasting
• Others

Satellite Communication Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Energy & Utility
• Government & Defense
  • Government (Civil Uses)
  • Emergency Responders
  • Defense
• Transport & Cargo
  • Fleet Management
  • Rail services
• Maritime
• Mining And Oil & Gas
  • Oil & Gas
  • Mining
• Agriculture
• Communication Companies
• Corporates/Enterprises
• Media & Broadcasting
• Others

Satellite Communication Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Satellite Communication Market

• SES S.A
• Viasat, Inc.
• Intelsat
• Telesat
• EchoStar Corporation
• L3 Technologies, Inc.
• Thuraya Telecommunications Company
• SKY Perfect JSAT Group
• GILAT SATELLITE NETWORKS
• Cobham 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.

Water Heater Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Water Heater Market Growth & Trends

The global water heater market size is anticipated to reach USD 40.09 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.5% from 2022 to 2030. The market is primarily driven by increasing hot water demand from various residential applications, including cleaning, and cooking, which is anticipated to augment the industry growth during the forecast period. Rising consumer demand and favorable government policies are driving the trend toward energy efficiency. Energy and environmental regulations are increasingly influencing the adoption of energy-efficient appliances, which is expected to augment the demand for energy-efficient and smart water heating solutions over the coming years.

Increasing construction spending coupled with rising government investments in public infrastructures in the developing economies of the Asia Pacific and Middle East & Africa, on account of economic and industrial development, coupled with population growth, is expected to positively impact the demand for these products during the forecast period. Favorable measure to enhance the air quality along with rising awareness regarding the adoption of renewable solutions is expected to augment the demand for solar products. Furthermore, the increasing emphasis of major industry competitors on product aesthetics and design, along with continued industry competition, is expected to fuel industry expansion.

Regulations such as the National Appliance Energy Conservation Act (NAECA) set minimum standards for water heaters in the U.S. Thus, such regulations, coupled with initiatives such as LEED certification and net-zero buildings, are expected to boost the adoption of energy-efficient solutions, thereby, positively impacting the overall industry growth. Key market players are undertaking strategic collaborations, product developments, new product launches, and expansions as sustainable strategies and cater to the changing technological requirements of the application industries The technological partnerships to innovate product lines enhance their customer base.

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Water Heater Market Report Highlights

• Electric led the market and accounted for 51.2% of the revenue share in 2022 owing to the improving electrification rate coupled with increasing accessibility at the consumer end
• Storage led the industry and accounted for 54.8% share of the global revenue in 2022 owing to the high energy conversion potential and low maintenance requirement of the product
• The demand for this product with a capacity above 400 liters witnessed a CAGR of 5.2% during the forecast period which is attributed to the rising demand across various industrial applications in stand-alone or in combination with heat exchangers
• The Asia Pacific dominated the market and accounted for 37.1% share, in terms of revenue, in 2022 on account of various factors such as low inflation rate, healthy manufacturing output, and balanced vaccine rollout
• In January 2021, Bradford White Corporation acquired Keltech’s line of the tankless electric segment, with the intention to expand its portfolio of commercial and industrial products

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

Water Heater Market Segmentation

Grand View Research has segmented the global water heater market based on product, technology, capacity, application, and region:

Water Heater Product Outlook (Revenue, USD Million; 2018 - 2030)

• Electric
• Solar
• Gas

Water Heater Technology Outlook (Revenue, USD Million; 2018 - 2030)

• Tankless
• Storage
• Hybrid

Water Heater Capacity Outlook (Revenue, USD Million; 2018 - 2030)

• Below 30 Liters
• 30 - 100 Liters
• 100 - 250 Liters
• 250 - 400 Liters
• Above 400 Liters

Water Heater Application Outlook (Revenue, USD Million; 2018 - 2030)

• Residential
• Commercial
• Industrial

Water Heater Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List Of Key Players Of Water Heater Market

• O. Smith
• Robert Bosch LLC
• Ariston Thermo SpA
• Rheem Manufacturing Company
• Rinnai Corporation
• Bradford White Corporation
• NORITZ Corporation
• Whirlpool Corporation
• Westinghouse Electric Corporation
• Bajaj Electricals Ltd
• Haier Inc.
• Havells India Ltd
• Lennox International Inc.
• FERROLI S.p.A
• Kenmore

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.

Additive Manufacturing Market Competitive Insight and Key Drivers 2022 to 2030: Grand View Research Inc.

 Additive Manufacturing Market Growth & Trends

The global additive manufacturing market size is estimated to reach USD 76.16 billion by 2030, growing at a CAGR of 20.8% over the forecast period, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the growing adoption of Additive Manufacturing (AM) in industrial applications for enhancing production and shortening the time to market. The growing adoption of three-dimensional printers by the incumbents of automotive, healthcare, and aerospace & defense, among other industries and industry verticals, is also expected to drive the growth of the market over the forecast period.

AM, also referred to as 3D printing, envisages adding successive layers of materials in various 2D shapes and layering these 2D shapes upon one another to form a three-dimensional object. The process is totally different from the subtractive method of production, which envisages grinding out the unnecessary material from a block of material to obtain the desired object. As AM continues to evolve, incumbents of several industries and industry verticals are opting for the process to enhance product design, ensure accuracy and reliability, and shorten the time to market.

Addictive manufacturing is increasingly gaining popularity among hobbyists and innovators. Individuals are using AM for domestic and personal purposes. On the other hand, universities and educational institutes are using AM for conducting technical training. Particularly in developing economies, such as Brazil, South Africa, and India, among others, machining shops are aggressively installing 3D printers, using additive manufacturing materials and filaments, utilizing 3D printer software, and offering related services, such as 3D modeling, as part of their efforts to adopt alternative business models.

North America accounted for the largest revenue share of around 35% in 2021 as a result of the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing across several industries and industry verticals across North America. On the other hand, Asia Pacific is expected to witness remarkable growth over the forecast period. Asia Pacific has been gradually emerging as a manufacturing hub owing to the easy availability of all the necessary resources. Apart from an expanding consumer base, the region has also been receiving foreign investments continuously.

However, AM happens to be a capital-intensive technology. At the same time, manufacturers are holding to their misconception about prototyping rather than realizing the advantages associated with AM. The market also lacks the standard process controls and is facing a shortage of skilled workers required for AM. Nevertheless, the initiatives being pursued by various governments to increase awareness and promote the benefits of adopting 3D printers are expected to play a vital role in countering these restraints and driving the growth of the market over the forecast period.

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Additive Manufacturing Market Report Highlights

• AM is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize time to market
• Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics industry verticals is expected to drive the growth of the market
• Demand for desktop 3D printers is expected to increase over the forecast period as AM continues to gain popularity among hobbyists for domestic, household, and personal purposes and in the education industry for training purposes
• The prototyping segment dominated the market in 2021 and is expected to expand its revenue share to over 54% by 2030
• Although the polymer segment accounted for a revenue share of over 50% in 2021, the metal segment is expected to increase its revenue share and emerge as the dominant segment over the forecast period
• The growth of Asia Pacific is attributed to continued urbanization, which is prompting incumbents of industries such as automotive, consumer electronics, and healthcare, particularly in countries such as China, Japan, and South Korea, to opt for AM

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Additive Manufacturing Market Segmentation

Grand View Research has segmented the global additive manufacturing market based on component, printer type, technology, software, application, vertical, material, and region:

Additive Manufacturing Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

Additive Manufacturing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)

• Desktop 3D Printer
• Industrial 3D Printer

Additive Manufacturing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stereolithography
• Fuse Deposition Modelling
• Selective Laser Sintering
• Direct Metal Laser Sintering
• Polyjet Printing
• Inkjet Printing
• Electron Beam Melting
• Laser Metal Deposition
• Digital Light Processing
• Laminated Object Manufacturing
• Others

Additive Manufacturing Software Outlook (Revenue, USD Million, 2017 - 2030)

• Design Software
• Inspection Software
• Printer Software
• Scanning Software

Additive Manufacturing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prototyping
• Tooling
• Functional Parts

Additive Manufacturing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial Additive Manufacturing
  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Consumer Electronics
  • Power & Energy
  • Others
• Desktop Additive Manufacturing
  • Educational Purpose
  • Fashion & Jewelry
  • Objects
  • Dental
  • Food
  • Others

Additive Manufacturing Material Outlook (Revenue, USD Million, 2017 - 2030)

• Polymer
• Metal
• Ceramic

Additive Manufacturing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
• South America
  • Brazil
• MEA

List of Key Players in the Additive Manufacturing Market

• Stratasys Ltd.
• 3D Systems, Inc.
• 3D Ceram
• GE Additive
• HP Inc.
• Tiertime
• EnvisionTec, Inc.
• Dassault Systemes

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.

MEA Cold Chain Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2025

 The MEA cold chain market size is anticipated to reach USD 11.45 billion by 2025, expanding at a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Improving the packaging of crops has become essential owing to the expansion of trade over the past few years. As such, the materials used for packaging play a significant role in enhancing the storage life.

Pre-cooling refers to the optimal storage temperature of crops to reduce the metabolic and microbiological changes. Moreover, proper storage extends the shelf-life of crops before they are consumed. Various cooling methods include forced air cooling, vacuum cooling, room cooling, package icing, and hydro cooling. Factors determining the selection of pre-cooling methods include convenience, economy, and utilization of the existing equipment.

Increasing usage of devices such as RFID readers and barcode scanners to streamline inventory and shipping management have enabled service providers to penetrate into the emerging markets. Healthy and innovative packaged foods along with organic products are gaining traction in the market. Additionally, the increasing focus on processing food locally rather than depending on the imports of processed food is also likely to positively impact the segment demand over the projected period. Food producers are laying their focus on importing raw ingredients and manufacturing finished products within the region.

However, the lack of access to adequate transportation infrastructure, confusing rules and regulations, coupled with legal and illegal fees throughout the business process in the African region are anticipated to restrain the market demand. Due to lack of transparency in government regulations, the investments made by cold chain providers across Africa are decreasing.

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http://www.grandviewresearch.com/industry-analysis/mea-cold-chain-market

Further key findings from the report suggest:

• The growing penetration of electronic data interchange is expected to drive the MEA regional market
• The fruits and vegetables segment is anticipated to grow at a CAGR of 5.1% over the forecast period
• Refrigerated air is widely used as pre-cooling method for packed fruits
• Understanding customer needs and focusing on research and development is expected to be the critical success factor
• Saudi Arabia being the largest food producer in Gulf Cooperation Council (GCC) is anticipated to witness a high growth rate over the forecast period
• Food safety and control measures for the prevention of foodborne diseases continue to be the major areas of focus for food manufacturers
• Key players in the MEA cold chain market include RSA Logistics (Dubai), Wared Logistics (Saudi Arabia), Gulf Drug LLC (Dubai), and Brothers General Transport LLC (Dubai)

Access Press Release@ https://www.grandviewresearch.com/press-release/mea-cold-chain-market-analysis

Grand View Research has segmented the MEA cold chain market based on types, applications, and regions:

Type Outlook (Revenue, USD Billion; 2014 - 2025)

• Storage
  • Warehouse
  • Container
• Transportation
  • Road
  • Sea
  • Rail
  • Air
• Monitoring Components

Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Fruits and Vegetables
• Dairy
• Fish, Meat, and Seafood
• Processed Food
• Pharmaceuticals

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• MEA
• Saudi Arabia
• UAE

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.

Fluid Dispensing Equipment Market 2030 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Fluid Dispensing Equipment Market Growth & Trends

The global fluid dispensing equipment market size is expected to reach USD 11.47 billion by 2030, registering at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for accurate and efficient systems for dispensing fluids as an alternative to manpower engagement in these processes to be a key driving factor for the industry growth.

The industry is characterized by the advent of automation technologies in various stage of production processes. The technology’s greater scope across automotive, electrical & electronics, and medical devices manufacturing has enabled higher sales of fluid dispensing equipment in these industries.

However, with evolving construction practices and increased usage of automated machinery for masonry, prefabrication and precast processes is expected to provide growth opportunities for industry participants.

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luid Dispensing Equipment Market Report Highlights

• Adhesives & sealants are widely used across manufacturing stages to provide bonding between two materials, i.e., components, parts or overlays. Adhesives demand precision, accuracy, and consistency while being applied to surfaces
• Asia Pacific region led the market and accounted for over 43.8% of the global revenue in 2022. The region, particularly Korea and Taiwan, is a hub for semiconductors and other electronic component manufacturing and has the presence of leading companies such as Samsung, ZTE, and Foxconn
• Favorable capital spending by these end-users for procuring equipment and related systems will be a huge contributor towards Asia Pacific growth. Another significant force favoring the region’s growth is increasing automotive production and investments from western OEMs in the region
• The U.S. is a relatively mature region compared to those in Asia and is characterized by the presence of leading equipment suppliers and technological know-how. The U.S. is expected to account for nearly 17% of the global market value by 2030

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Fluid Dispensing Equipment Market Segmentation

Grand View Research has segmented the global fluid dispensing equipment market report on based on product, application, and region:

Fluid Dispensing Equipment Product Outlook (Revenue, USD Million; 2018 - 2030)

• Flux
• Lubricant
• Solder Paste
• Adhesives & Sealants
  • Epoxy Adhesives
  • Epoxy Underfill
  • Others
• Conformal Coatings
• Others

Fluid Dispensing Equipment Application Outlook (Revenue, USD Million; 2018 - 2030)

• Electrical & Electronics Assembly
  • Semiconductor Packaging
  • Printed Circuit Boards
  • Others
• Medical Devices
• Transportation
• Construction
• Others

Fluid Dispensing Equipment Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players in Fluid Dispensing Equipment Market

• Nordson Corporation
• Asymtek; Protec Co. Ltd.
• AdvanJet
• Speedline Technologies
• Musashi Engineering Inc.
• GPD Global Inc.
• Fisnar Inc.
• Henkel AG & Co. KGaA
• Techcon Systems
• Intertronics
• Valco Melton Inc.
• Dymax Corporation
• Henline Adhesive Equipment Corporation
• ITW Dynatec

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.

Waste Heat Recovery System Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Waste Heat Recovery System Market Growth & Trends

The global waste heat recovery system market size is expected to reach USD 79.96 billion by 2030, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising energy costs and stringent regulations concerning energy efficiency are expected to drive the global market.

Growing demand from major end-use industries, such as cement and metal production, is projected to drive the waste heat recovery system (WHRS) market. Furthermore, rising investments in emerging economies coupled with rapid developments in the construction sector are boosting the growth of this market.

Asia Pacific is expected to progress at the highest CAGR during the forecast period due to ongoing innovations in the field of industrialization. Recent years have witnessed rising demand for consistent and continuous electricity across the globe underpinned by strict emission standards, thereby encouraging product penetration. In addition, rising popularity of food processing units in conjunction with decreasing costs of low-temperature heat consumption is expected to offer a growth prospect.

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Waste Heat Recovery System Market Report Highlights

• The market revenue was valued at USD 55.40 billion in 2022 and is estimated to register a CAGR of 9.7% over the projected period.
• Asia Pacific is projected to register the fastest CAGR of 7.8% during the forecast period. China is expected to account for the maximum share of above 43% in the regional market.
• North America is projected to be the largest regional market with U.S. accounting for the major share
• Some of the key companies in the market include General Electric (GE); Siemens AG; Mitsubishi Hitachi Power Systems; Ormat Technologies; ABB Ltd.; Amec Foster Wheeler; Baker Hughes (a GE company); M.E. ENERGY Pvt. Ltd.; and Thermax Ltd.

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Waste Heat Recovery System Market Segmentation

Grand View Research has segmented the waste heat recovery system market on the basis of application, end-use, phase system and region:

Waste Heat Recovery System Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Pre Heating
• Power & Steam Generation
• Others

Waste Heat Recovery System End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Petroleum Refinery
• Power
• Cement
• Chemical
• Metal Production & Casting
• Pulp & Paper
• Other

Waste Heat Recovery System Phase System Outlook (Revenue, USD Billion, 2018 - 2030)

• Liquid-liquid Phase System
• Liquid-gas Phase System
• Thermal Regeneration

Waste Heat Recovery System Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Waste Heat Recovery System Market

• Siemens AG,
• Mitsubishi Heavy Industries, Ltd.,
• General Electric,
• ABB,
• Boustead International Heaters,
• Forbes Marshall,
• Promec Engineering,
• Terrapin,
• Wood Plc (Amec Foster Wheeler),
• Climeon, BoschIndustries
• Kessel GmbH,
• AURA GmbH & Co.,
• Exergy S.p.A.,
• IHI Corporation.

About Grand View Research

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

Smart Thermostat Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Smart Thermostat Market Growth & Trends

The global smart thermostat market size is anticipated to reach USD 13,345.0 million in 2030 and is expected to expand at a CAGR of 17.1% from 2023 to 2030. The growth can be credited to the growing demand for smart thermostats across smart homes. Smart thermostats enable users to remotely control their air conditioning and heating systems using wireless connectivity and mobile apps. The adoption of these gadgets driven by their ability to display energy consumption levels in real-time and adjust the ambient conditions automatically favors the expansion of the market.

Smart thermostat devices are equipped with analytics and performance measurement tools through web-based portals, which make them an integral part of the home automation ecosystem. Besides, energy utility retailers also play a vital role in impelling the adoption of these devices in households. Several utilities include these products as a part of their home energy management schemes.

The growth of the market is being further proliferated by the growing penetration of smartphones, rising per-unit energy costs, the need for effective energy management solutions, and favorable regulatory scenarios. The increased penetration of Near Field Communication (NFC) and ZigBee home automation devices is expected to augment the demand for smart thermostats.

Several major companies, such as Philips (Philips Heu), Amazon (Amazon Echo), Ikea, etc. rely on ZigBee for their product automation. According to the Zigbee Alliance statement, over half a billion Zigbee chipsets were sold in 2021 and around 4 billion are expected to be sold by 2023. This makes the technology a popular Internet of Things (IoT) standard used across millions of devices.

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Smart Thermostat Market Report Highlights 

• In terms of end-user, the commercial segment is expected to record the highest CAGR of nearly 19.0% from 2023 to 2030. The growth can be credited to increased product demand for effective temperature distribution and high cost-efficiency
• North America is set to capture a sizeable market share of more than 58.0% by 2030, owing to the favorable regulatory environment and increasing infrastructure development activities
• Among products, the learning segment is expected to grow at the fastest CAGR of 18.9% during the forecast period. The growing demand for online learning modules and their cost-effective nature remain the prominent growth drivers

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Smart Thermostat Market Segmentation

Grand View Research has segmented the global smart thermostat market based on technology, product, end-user, and region:

Smart Thermostat Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Wi-Fi
• ZigBee
• Others

Smart Thermostat Product Outlook (Revenue, USD Million, 2018 - 2030)

• Connected
• Standalone
• Learning

Smart Thermostat End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial
• Industrial

Smart Thermostat Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Smart Thermostat Market

• Google Nest
• Honeywell Home
• ecobee
• Emerson
• Johnson Controls
• Control4
• Vine Connected Corporation
• Resideo Technologies, Inc.
• Netatmo SA
• Tado GmbH
• Siemens
• Lux Products Corporation
• Centrica Hive 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.

Cancer Supportive Care Drugs Market Witness Excellent Revenue Growth During 2022-2030: Grand View Research Inc

 Cancer Supportive Care Drugs Market Growth & Trends

The global cancer supportive care drugs market size is expected to reach USD 12.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to decline at a CAGR of -1.57% from 2022 to 2030. This decline is due to factors, such as the launch of biosimilar and approval & uptake of targeted treatments for cancer, which have lesser side effects than traditional chemotherapy drugs. The growing cancer prevalence, high adoption & dependency on traditional treatments, such as chemotherapy, in the developing region, and the rising geriatric population are some of the prominent factors that drive the market growth. According to Globocan, the number of new cancer cases is expected to reach 28.4 million within the next two decades, with a rise of 47% from 2020.

In addition, in developing regions, such as Asian and African countries, due to less disposable income levels and lack of proper reimbursement scenarios, chemotherapy is the most widely preferred cancer treatment compared to other costly targeted therapies. However, the growing adoption of targeted therapies and biosimilars in Europe and the U.S. impedes the market growth. The patent expiration of blockbuster drugs, such as Amgen Inc.’s Neupogen and Neulasta and Johnson & Johnson Services, Inc.’s Procrit/Eprex, is another factor that hampers the market growth. Furthermore, the COVID-19 pandemic has had a significant impact on cancer care. There was a substantial decline in hospital visits, cancer screenings, surgeries, and therapy amid the pandemic.

However, the impact of the pandemic has declined and conditions are getting back to normal in many regions from the second quarter of 2021. Key players are addressing the opportunity of drug patient expiration and thus, are launching biosimilars in the market. The launch of biosimilars has supported expanded access to affordable care for cancer patients. For instance, in June 2020, Pfizer Inc. received the U.S. FDA approval for NYVEPRIA (pegfilgrastim-apgf), a biosimilar to Neulasta. It reduces the incidence of febrile neutropenia in patients with non-myeloid malignancies undergoing myelosuppressive anticancer medications. In November 2019, Novartis AG received the FDA approval for Ziextenzo, its biosimilar version of pegfilgrastim. The product was commercialized in Europe in 2018.

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Cancer Supportive Care Drugs Market Report Highlights

• The G-CSFs (Granulocyte-colony Stimulating Factors) segment accounted for the highest share in 2021, which is expected to decline to 15.9% by 2030
• The antiemetics segment is expected to show positive growth during the forecast period due to the launch of newer drugs, such as Cinvanti, Sustol, and Varubi
• North America and other developed regional markets are expected to decline over the forecast period
• The declining sales in developed markets can be attributed to the launch & rapid uptake of multiple biosimilar & restrictions on opioid prescription

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Cancer Supportive Care Drugs Market Segmentation

Grand View Research has segmented the global cancer supportive care drugs market based on therapeutic class and region:

Cancer Supportive Care Drugs Therapeutic Class Outlook (Revenue, USD Million, 2017 - 2030)

• G-CSFs (Granulocyte-colony Stimulating Factors)
• ESAs (Erythropoiesis Stimulating Agents)
• Anti-emetics
• Bisphosphonates
• Opioids
• NSAIDs & Others

Cancer Supportive Care Drugs Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Cancer Supportive Care Drugs Market

• Amgen, Inc
• Merck & Co., Inc.
• Johnson & Johnson Services, Inc.
• Heron Therapeutics, Inc.
• Novartis AG
• GlaxoSmithKline plc (GSK)
• Hoffmann-La Roche Ltd.
• Helsinn Healthcare 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.

Dropshipping Market: Precise Analysis on Business Overview, Product Scope And Ongoing Development 2030

 Dropshipping Market Growth & Trends

The global dropshipping market size is anticipated to reach USD 1,253.79 billion by 2030, registering a CAGR of 23.4% over the forecast period, according to a new study by Grand View Research Inc. The market growth is proliferating at a higher rate due increased online purchase. Dropshipping websites continue to be a key driver for the growth of e-commerce because of the low entry barrier, inexpensive start-up costs, and sizable market. More individuals than ever are interested in learning how to launch a dropshipping company.

The market size has expanded substantially as a result of consumers' preference for online purchasing. The global shift toward ecommerce and dropshipping services has also been facilitated by the growth of mobile commerce and rising smartphone adoption. Due to the coronavirus outbreak in 2020, which made people remain at home and prompted local stores to close which anticipated the rise in ecommerce platforms. People were bound to to use internet shopping as their only option due to these restrictions in order to purchase goods.

APAC has the most developed dropshipping industry. Retailers following conventional distribution routes are aiming to invest heavily in inventory control. However, companies are opting for dropshipping services to lower capital costs for inventory purchase/management as e-commerce platforms become more widely used. Dropshipping has currently shifted from physical stores to the online stores, which facilitates worldwide shipping since mass of people have access to the internet. Dropshipping has the advantage of requiring less capital, which permits new start-ups and business owners to enter and establish in the APAC market.

Additionally, as merchants are investing less in logistics and inventory, dropshipping is becoming more popular. Other elements that are anticipated to boost market expansion include lower overhead expenses and a diverse product portfolio. However, dropshipping services reduce time & expense, there is a substantial increase in demand due to high spending power and the extensive use of smartphones across all age brackets.  For instance, in October 2021, Doba Inc. partnered with BigCommerce, a U.S. based open SaaS e-commerce platform. The partnership is focused on integrating the BigCommerce platform and Doba, Inc.'s marketplace, enabling merchants to better streamline dropshipping businesses.

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Dropshipping Market Report Highlights

• The electronics and media segment accounted for a market share of 23.5% in 2022 owing to increasing innovations in the electronics industry, coupled with rising demand for electronics.
• The food and personal care segment is expected to register a CAGR of 25.9% from 2023 to 2030, owing to the rising consumer demand for skincare products and cosmetics, among others.
• The fashion segment held the largest market share of over 29.5% in 2022, which can be attributed to the growing disposable income of consumers, coupled with rise in online retail spending among consumers.
• Asia Pacific is expected to witness substantial growth owing to the high percentage of global population and increasing internet penetration, which, in turn, drives the e-commerce industry in the region.
• The dropshipping market is fragmented and characterized by the presence of small- and medium-sized companies

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

Dropshipping Market Segmentation

 Grand View Research has segmented the dropshipping market report on the basis of product type, and region.

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

• Toys, Hobby and DIY
• Furniture and Appliances
• Food and Personal Care
• Electronics and Media
• Fashion

Dropshipping Region Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Dropshipping Market

• Etsy, Inc.
• Alidropship, Doba Inc.
• Megagoods Inc.
• Inventory Source
• Modalyst Inc.
• Shopify Inc.
• SaleHoo Group Limited
• Sunrise Wholesale Merchandise LLC
• Printify
• Cin7 Orderhive Inc.
• Wholesale2bCompanies

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.

Sickle Cell Disease Treatment Market To Reap Over USD 5.5 Billion In Revenues By End Of 2023: Grand View Research Inc.

 Sickle Cell Disease Treatment Market Growth & Trends

The global sickle cell disease treatment market size is expected to reach USD 5.5 billion by 2023, according to a new report by Grand View Research, Inc., exhibiting a 14.3% CAGR during the forecast period. Several factors such as increase in investments for R&D, growing target population, and favorable government initiatives are anticipated to drive the market.

Currently available treatments for sickle cell disease (SCD) usually provide symptomatic relief and palliative care. These treatment methods generally include blood transfusions, bone marrow transplant, and pharmacotherapy. Although bone marrow transplant is the only potentially curative treatment, it is recommended only to a small percentage of patients. The market has only two approved products-hydroxyurea and Endari.

High unmet medical needs, strong pipeline, and growing patient pool are key factors expected to influence market growth. In recent years, demand for cost-effective drugs and gene therapies for SCD has increased owing to the unavailability of a permanent cure and risks associated with bone marrow transplant.

Expected launch of late-stage pipeline drugs such as voxelotor, crizanlizumab, Altemia, and rivipansel is projected to drive the sickle cell disease market during the forecast period. Healthcare initiatives undertaken by respective economies are crucial for curbing the financial burden of the disease as well as for increasing access to healthcare facilities and providing various services for early diagnosis, subsequent treatment, and palliative care.

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Sickle Cell Disease Treatment Market Report Highlights

• Currently, 20 to 25 million people worldwide are reportedly living with sickle cell disease and about 300,000 infants are born annually with the disease
• The U.S. dominated the global market and is projected to maintain its position through 2023, owing to rise in incidence of diseases and launch of promising pipeline candidates
• Among treatments, blood transfusion held the largest share in 2017, followed by pharmacotherapy. However, it is anticipated that pharmacotherapy will lead the market by 2023, supported by a strong pipeline and several promising drug launches
• Emmaus Medical, Global Blood Therapeutics, bluebird bio, Pfizer, and Novartis are some of the key players operating in this market
• Emmaus Medical is projected to dominate the SCD pharmaceutical market in 2023, supported by strong sales of Endari
• Currently, 37 pipeline drugs are in various clinical development stages and significant sales contribution is expected from promising candidates such as voxelotor (Global Blood Therapeutics), crizanlizumab (Novartis), Altemia (Sancilio), and rivipansel (Pfizer).

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Sickle Cell Disease Treatment Market Segmentation

Grand View Research has segmented the global sickle cell disease treatment market based on treatment and country:

Sickle Cell Disease Treatment Outlook (Revenue, USD Million, 2017 - 2023)

• Blood Transfusion
• Pharmacotherapy
• Bone Marrow Transplant

Sickle Cell Disease Country Outlook (Revenue, USD Million, 2017 - 2023)

• The U.S.
• The U.K.
• Germany
• Spain
• France
• Italy
• Japan

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.

Fertilizer Additives Market to Penetrate Untapped Regions During 2020 to 2025: Grand View Research Inc.

 Fertilizer Additives Market Growth & Trends

The global fertilizer additives market size is projected to reach USD 4.01 billion by 2025, according to a new report by Grand View Research, Inc. Decreasing per capita arable land and rising population density has resulted in increased demand for fertilizers in the agriculture sector, which in turn has boosted the growth.

The growing fertilizers industry and limited availability of farmland are the key drivers for the global market. However, harmful effects of fertilizers on environment along with lack of awareness & availability of the product in underdeveloped economies is expected to have a negative impact on the industry.

The Asia Pacific was the largest fertilizer additive market in 2018 and accounted for 53.1% of the volume share. The robust growth of the agriculture sector in this region is one of the main factor driving the industry. In countries like India and China, the population explosion has significantly impacted the agriculture sector.

China is one of the developed countries in the Asia Pacific region with a constantly growing agricultural sector and advancements in terms of innovations and new technology development. Due to the population explosion, the amount of arable land in China has reduced severely over the past two decades. This factor has increased the demand for fertilizers, resulting in the growth of the additives market.

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Fertilizer Additives Market Report Highlights

• Urea end-product accounted for the largest share of 52.5%, in terms of volume, in 2018 due to the availability of the highest nitrogen content as compared to other soluble fertilizers
• The anti-caking function dominated the industry with a share of 36.5% in 2018 owing to the fact that it helps in maintaining the fertilizer quality by preventing formation of flakes and cakes
• North America accounted for 14.1% of the global fertilizer additive market, in terms of revenue, in 2018 owing to government initiatives to promote the agricultural sector by providing subsidies on the purchase of fertilizers
• Brazil leads the regional market in Central & South America with agriculture GDP contributing 23.5% in its total economy
• Some of the key industry participants are KAO Corporation, Clariant, Novochem Group, Solvay, Forbon Technology, Filtra Catalysts & Chemicals Ltd, ChemSol LLC, and Michelman

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

Fertilizer Additives Market Segmentation

Grand View Research, Inc. has segmented the fertilizer additive market on the basis of function, end-product and region.

Fertilizer Additives Function Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Corrosion Inhibitors
• Hydrophobic Agents
• Anti-dusting Agents
• Anti-caking Agent
• Slow Release Coatings
  • Urea
  • Ammonium Nitrate
  • Ammonium Phosphate
  • Others
• Others

Fertilizer Additives End-product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Urea
• Ammonium Nitrate
• Ammonium Phosphate
• Ammonium Sulphate
• Others

Fertilizer Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

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

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.