Edge Analytics Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Edge Analytics Market Growth & Trends

The global edge analytics market size is expected to reach USD 39.54 billion by 2030, registering a CAGR of 23.57% from 2022 to 2030, according to a new study by Grand View Research, Inc.Many industrial organizations use the Internet of Things (IoT) to monitor manufacturing machinery, pipelines, and equipment. The IoT generates and stores data that might be challenging to manage and interpret in real-time. The data from IoT devices is delivered into edge analytics to be processed and understood. Analytics algorithms assist humans in determining which data is required and which is unnecessary.

The proliferation of vast amounts of data with the aid of connected devices is driving market expansion, real-time intelligence acting as a catalyst for the growth of edge analytics on network devices, and adopting edge analytics enhancing scalability and cost optimization. Analytical computing is performed at the device's edge rather than waiting for data to be retrieved back at a centralized storage system and then imply analytical application. Furthermore, the manufacturing industry can make substantial use of edge analytics for operations. For example, in smart production lines, edge analytics can highlight manufacturing errors, packing, and so on in real-time.

North America is anticipated to attain a larger market share in the edge analytics market, predictive analytics has gained immense importance and will increase the adoption of edge analytics solutions with a higher concentration of industrial and telecommunication industries. Owing to the rise in connection of IoT devices, the regional market has witnessed a surge in the adoption rate of edge analytics solutions across all verticals. Additionally, edge analytics can be implemented to keep better track of the health of equipment, output rate, and empower the manufacturing plant to deal with any last-minute problems in production.

Edge Analytics provides the same capability as a traditional analytics tool, except where the analytics are conducted. The key distinction is that edge analytics programmers must run on edge devices that may be limited in storage, computing power, or connection. Digitization has been the driving force behind the most recent revolutions. Companies have long struggled with how to extract relevant insights from the millions of nodes of data created each day by IoT-connected devices. The amount of linked gadgets, from a smartwatch to a smart speaker, is increasing the volume of data to be mined. Many new technologies, like as AI and Big Data, have become indispensable for gathering insights.

North America will gain a larger market share in the edge analytics market due to an increase in the need for predictive analytics, which will increase the adoption of edge analytics solutions with a higher concentration of industrial and telecommunications industries. With the rise of IoT, there has been a surge in interest in edge analytics. For many firms, streaming data from different IoT sources produces a massive data repository that is challenging to manage. 

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Edge Analytics Market Report Highlights 

• Predictive analytics has been a major force behind analytics, and it is presently being implemented at the network's edges to deliver analytics at the edge, allowing it to achieve a CAGR of 24.0% from 2022 to 2030
• As per the deployment model cloud gain a significant share and lead the market by acquiring around 44.0% market share in 2021
• During the forecast period, the IT and telecommunications industry is predicted to have the greatest growth rate in the edge analytics market. The telecommunications business is rapidly introducing cutting-edge analytical solutions
• North America is projected to attain a market share of around 29.0% in 2030, this is due to the technological investment and advancement from the key manufacturers of the region

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Edge Analytics Market Segmentation

Grand View Research has segmented the global edge analytics market based on type, component, deployment model, application, end-use, and region: 

Edge Analytics Type Outlook (Revenue, USD Million, 2018 - 2030)

• Descriptive Analytics
• Diagnostic Analytics
• Predictive Analytics
• Prescriptive Analytics

Edge Analytics Component Outlook (Revenue, USD Million, 2018 - 2030)

• Solution
• Service

Edge Analytics Deployment Model Outlook (Revenue, USD Million, 2018 - 2030)

• On-premises
• On-cloud

Edge Analytics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Marketing & Sales
• Operations
• Finance
• Human Resources
• Others (Remote Monitoring, Smart Grid, Hospitality, etc.)

Edge Analytics End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• IT & Telecom
• BFSI
• Manufacturing
• Healthcare
• Retail
• Transportation & Logistics
• Government
• Energy & Utilities
• Others (Agriculture, Media & Entertainment, etc.)

Edge Analytics Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Edge Analytics Market

• Amazon Web Services Inc.
• Cisco Systems Inc.
• Databricks
• Dell Statistica
• EdgeConneX Inc.
• Evolv Component
• Hewlett Packard Enterprise Development LP
• IBM Corporation
• Intel Corporation
• Microsoft
• Oracle Corporation
• PTC
• SAP HANA

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.

Enameled Cookware Market to Reach USD 2.89 Billion by 2030: Grand View Research Inc.

 Enameled Cookware Market Growth & Trends

The global enameled cookware market is expected to reach USD 2.89 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030 The demand for enameled cookware in the commercial and residential sectors is increasing as modular kitchens become more popular and living standards develop. Due to growing consumer preference for modular kitchens, the increase in spending on home improvement projects or kitchen remodeling is also boosting product demand.

Since people are more likely to spend more time at home owing to the lockdown than on vacation, the residential sector is projected to benefit from the pandemic. In addition to experimenting with new dishes at home, consumers are also attempting to get better at cooking. As a result of the coronavirus outbreak, more people are cooking at home because they wish to keep their food fresh and from being exposed to the outside world which in turn has increased demand for cookware worldwide.

The pans segment of the enameled cookware market is dominated in terms of products, and it is anticipated that it would hold the largest market share during the projection period. Enameled pans are often used to cook large salmon fillets, pan-fried hamburgers, and thick-cut steaks as they get nicely cooked and browned in such pans.

Europe held the largest market share in 2021, owing to the continuous expansion of the residential sector on account of the increasing number of households. Additionally, major home improvement projects undertaken by consumers in the region, are boosting the demand for premium cookware. Consumers in the region are likely to invest in high-end cookware, which complements their kitchen décor.

The key players of enameled cookware are putting a high priority on research and development as well as innovations to meet the need for sauté pans, roasting pans, frying pans, stockpots, and skillets. Further growth in online shopping is expected in the coming years. Hence, companies in the market are focusing on gaining market share by extending their reach through the direct-to-consumer business channel. For instance, in June 2020, Cuisinart launched its own e-commerce website that retails approximately 200 products and 1,500 replacement parts from the company’s portfolio.

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Enameled Cookware Market Report Highlights

• Enameled cookware was valued at USD 1,660.4 million in 2021 and is expected to register a CAGR of 6.3% over the forecast period. Cookware made of enameled cast iron is safe and hygienic to use. Easy cooking is attained by an enamel coating that makes surfaces non-stick and keeps food from sticking to the bottom
• The ovens segment is expected to witness substantial growth over the forecast period with a CAGR of 7.5% from 2022 to 2030. Enameled ovens made of cast iron perform pretty much the same as bare cast iron in terms of heat retention and distribution. However, enameled cast iron does not need to be seasoned. It also is a lot easier to clean and requires no maintenance
• The commercial segment is expected to witness substantial growth over the forecast period with a CAGR of 7.0% from 2022 to 2030. Cookware made of enameled cast iron is ideal for all types of stovetops and heat sources. It can also be used as a serving dish at the table and for storing perishable food
• The offline segment was valued at USD 1,150.7 million in 2021 and is expected to register a CAGR of 5.8% over the forecast period. More individuals are choosing to purchase cookware from offline retailers like hypermarkets and specialty shops since it typically has aspects like size, color, and heat-resistant qualities that are best purchased after checking. This crucial element fuels the offline segment's growth in the enameled cookware market
• Europe region was valued a USD 622.5 million in 2021 and is expected to reach USD 1,041.1 million by 2030. Growing urbanization and increasing expenditure on home renovation projects are driving the demand for enameled cookware in this region
• Le Creuset France SAS one of the key players, announced the launch of a new color, Rhone, in its cookware sets. The black satin interior enamel of the product is specially designed for handling high heat and gains seasoning over time like a traditional cast-iron pan

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Enameled Cookware Market Segmentation

Grand View Research has segmented the global enameled cookware market based on product, application, distribution channel, and region:

Enameled Cookware Product Outlook (USD Million; 2017 - 2030)

• Ovens
• Pots
• Pans
• Bakery Tray
• Others

Enameled Cookware Application Outlook (USD Million; 2017 - 2030)

• Residential
• Commercial

Enameled Cookware Distribution Channel Outlook (USD Million; 2017 - 2030)

• Online
• Offline

Enameled Cookware Regional Outlook (Revenue, USD Million; 2017 - 2030)

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

List of Key Players in Enameled Cookware Market

• Le Creuset France SAS
• Staub Fonderie SA
• Lodge Manufacturing Company
• Tramontina USA Inc.
• Cuisinart
• Williams-Sonoma Inc.
• Vermicular
• Country Door
• Camp Chef
• The Coleman Company, 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.

Organic Rankine Cycle Market to Reflect a Holistic Expansion During 2023 to 2030: Grand View Research Inc.

 

Organic Rankine Cycle Market Growth & Trends

The global organic rankine cycle market size is expected to reach USD 1,073.24 million by 2030, growing at 3.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Rise in adoption of renewable energy in countries such as the U.S., China, Germany, and Canada continue to make way for progressive legislations and provide financial incentives for the deployment of renewable energy. Financial incentives such as feed-in-tariffs, subsidies, and tax benefits are some of the major tools utilized by countries around the world to attract investment in the renewable energy sector. These factors are likely to propel the market’s growth in the near future.

The supply chains of spare parts for organic rankine cycle (ORC) systems are significantly affected due to the shutdown of production facilities. The manufacturing of most components in the energy & power sector has slowed down considerably. In addition, local and international travel restrictions, quarantine requirements, and lockdowns have caused delays in shipments of already manufactured parts to be supplied to the distributors and end-users. ORC manufacturers usually have access to an adequate supply of critical parts, devices, components, and materials for emergencies. But these firms are faced with increasing bottlenecks due to the limited production of supplies in countries, severely affected by COVID-19.

The geothermal segment led the market and accounted for the largest revenue share in 2021. The major reason for the dominance of the geothermal segment is due to the large megawatt capacity of these geothermal projects as compared to other application segments. The other segment includes biomass, waste heat recovery, and solar thermal. Each geothermal project holds a capacity of more than 10 MW. On the other hand, ORC-based projects in other application segment hold a capacity of 1 to 2 MW on average.

The global ORC market is a concentrated market wherein major companies such as Ormat, Turboden, and Exergy accounted for more than 75% market share in 2020. These companies apart from equipment supply are also focused on providing EPC and long-term maintenance services to increase their market share. This factor is expected to make these companies hold their dominance in the ORC market during the forecast period.

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Organic Rankine Cycle Market Report Highlights

• Geothermal held the largest market share of 60.58% in the application segment in 2022. Geothermal projects are usually of higher capacity. Due to this, the ORC market exhibited higher growth potential for geothermal application in 2022
• As of 2022, Europe accounted for 33.51% of revenue share. The region has been one of the front runners in implementing favorable policies and support mechanisms for the growth of renewable energy and energy efficiency projects across the globe
• Various strategic initiatives were implemented over the past few years to boost the growth of the market. For instance, in June 2022, EXERGY International and Japan’s Geothermal Development & Investment Inc., a subsidiary of GPSS Group, entered into a partnership for the distribution of turnkey geothermal power plants in Japan using Organic Rankine Technology

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Organic Rankine Cycle Market Segmentation

Grand View Research has segmented the global organic rankine cycle market based on application and region:

Organic Rankine Cycle (ORC) Application Outlook (Revenue, USD Million, MW, 2018 - 2030)

• Waste Heat Recovery
  • Petroleum Refinery
  • Chemical
  • Glass
  • Cement
  • Metal Production and Casting (Iron & Steel)
• Biomass
• Geothermal
• Solar Thermal
• Oil & Gas (Gas Pipeline Pressure Stations)
• Waste to Energy

Organic Rankine Cycle (ORC) Regional Outlook (Revenue, USD Million, MW, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Turkey
  • Italy
• Asia Pacific
  • China
  • Japan
  • Thailand
• Central & South America
• Middle East & Africa

List of Key Players of Organic Rankine Cycle Market

• Turboden S.p.A.
• Exergy International Srl
• Zhejiang Kaishan Compressor Co., Ltd.
• Enogia SAS
• Triogen
• Calnetix Technologies, LLC
• ABB
• Atlas Copco AB
• TAS Energy Inc. (TAS)
• Elvosolar, a.s.

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.

Mailer Packaging Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 Mailer Packaging Market Growth & Trends

The global mailer packaging market size is expected to reach USD 76.48 billion by 2030 and expand at a CAGR of 16.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The increasing use of e-commerce for buying and selling products as the players operating in the industry offer easy transportation and home delivery services which save time and money for the end users are driving the market growth.

The growing demand for mailer packaging across the e-commerce industry for the packaging of varied products including apparel, jewelry, and books & stationery among others across the globe is driving the market growth. Furthermore, a continuously increasing number of online sellers as well as shoppers across the globe is fueling the demand for packaging mailers. The rapidly increasing marketing and advertisement expenditure of the e-commerce players such as Walmart, Amazon, eBay, and Shopsy among others is further supporting the market growth.

Non-cushioned mailers are leading the market and are also projected to maintain their dominance during the forecast timeframe from 2022 to 2030. The wider application portfolio of non-cushioned mailers as they are used for packaging apparel and textiles among others is contributing to the segmental dominance. Non-cushioned mailers are mostly made up of plastic materials as the material provides leakage-free and liquid-resistant transportation at a cheaper cost compared to paper mailers.

The increasing concerns associated with plastic usage in the packaging industry and its harmful impact on the environment are projected to limit the growth of plastic mailers during the forecast period. Additionally, the rising awareness about the sustainable alternatives of plastic mailers including paper mailers is further projected to restrict the growth of plastic mailers. 

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Mailer Packaging Market Report Highlights

• The non-cushioned mailers segment is expected to record a CAGR of 16.0% during the forecast period from 2022 to 2030. The increasing purchasing power of end users from developing economies worldwide is supporting the growth of non-cushioned mailers.
• The non-insulated mailers accounted for a significant revenue share of 89.2% in 2021, and the segment is also projected to maintain its dominance throughout the forecast timeframe.
• Based on material, the paper segment held a revenue share of 52.7% in 2021 and is expected to expand at the highest CAGR of 16.5% owing to its sustainability and eco-friendly nature. The e-commerce players are preferably using paper mailers to contribute to sustainable growth and operations in the global market.
• The e-commerce segment accounted for the largest revenue share of 49.7% in 2021 and the end-use segment is also projected to maintain its dominance in terms of revenue throughout the forecast period from 2022 to 2030. The continuously increasing customer base for online purchasing especially after the COVID-19 impact is supporting the growth of the segment.
• Central & South America is expected to expand at the highest CAGR of 16.6% in terms of revenue during the forecast period. The country is projected to exhibit growth on account of the increasing internet penetration in the major countries of the region including Brazil, and Argentina among others. The rising awareness about the different types of products offered by other regions through the electronic medium is supporting the demand for mailer packaging for the transportation of such products.

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Mailer Packaging Market Segmentation

Grand View Research has segmented the global mailer packaging market based on product, insulation, material, end-use, and region :

Mailer Packaging Product Outlook (Revenue, USD Million; 2017 - 2030)

• Cushioned Mailers
• Non-cushioned Mailers

Mailer Packaging Insulation Outlook (Revenue, USD Million; 2017 - 2030)

• Insulated
• Non-insulated

Mailer Packaging Material Outlook (Revenue, USD Million; 2017 - 2030)

• Plastic
• Paper
• Foil

Mailer Packaging End-use Outlook (Revenue, USD Million; 2017 - 2030)

• E-commerce
• Shipping & Logistics
• Manufacturing & Warehousing

Mailer Packaging Regional Outlook (Revenue, USD Million; 2017 - 2030)

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

List of Key Players in Mailer Packaging Market

• Pregis LLC
• 3M Company
• Sealed Air Corporation
• ProAmpac LLC
• Georgia-Pacific LLC
• Intertape Polymer Group Inc
• Crown Packaging Corp.
• Mondi
• Abriso Jiffy
• Henkel 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.

Bioplastic Packaging Market Set to Surge Significantly During 2022-2030: Grand View Research Inc.

 Bioplastic Packaging Market Growth & Trends

The global bioplastic packaging market size is expected to reach USD 50.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.9% from 2022 to 2030. The growth of the global plastics packaging industry is likely to be driven by the increasing consumption of plastics in packaging food, beverages, cosmetics, personal care, and consumer goods.

Bioplastics are plastics that are made from renewable sources such as corn, sugarcane, potato, wheat, rice, vegetable oil, or cellulose. There are two types of bioplastics, namely biodegradable plastics and non-biodegradable plastics. Biodegradable plastics include polylactic acid, starch blends, PBAT, and PBS, while non-biodegradable plastics include polyethylene, polyethylene terephthalate, polyamide, and polytrimethylene terephthalate.

Bioplastic packaging is considered to be an environment-friendly solution and helps enhance the final product’s appearance. Growing usage of bioplastics in flexible packaging is expected to fuel market growth. The growing demand for food, due to the rising global population, is a key factor driving the demand for flexible packaging. Moreover, the packaged food industry in the U.S. and Europe has grown tremendously in recent years. Furthermore, increasing concerns regarding toxins in petrochemicals, along with depleting crude oil reserves, are driving the development of bio-based polymers.

Regulations by most governments restricting the consumption of petroleum-based plastics in certain applications such as food packaging and medical devices are expected to further incentivize bioplastic production in the plastics industry. However, the high cost as compared to conventional plastics is a major factor restraining the market growth. Currently, low prices of conventional plastics are making it difficult for bioplastics to achieve competitive pricing. 

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Bioplastic Packaging Market Report Highlights

• The biodegradable material segment is expected to expand at the highest CAGR of 17.3% from 2022 to 2030, aided by the increasing demand for sustainable packaging, strict regulation of commercial plastics, and growing consumer preference for eco-friendly plastic
• The flexible packaging segment is projected to advance at the fastest CAGR of 18.1% during the forecast period, owing to its applicability and functionality of offering excellent protection against environmental factors (air and water) to the packaged goods, wide availability, lightweight, and less complex manufacturing process than rigid packaging
• Food and beverages emerged as the leading application segment and is further expected to expand at a CAGR of 17.1% from 2022 to 2030
• The global bioplastics packaging market is highly competitive and fragmented in nature, with the presence of various key players such as BASF SE, NatureWorks LLC, SABIC, Braskem, M&G Chemicals, Teijin Limited, and Toray Industries, as well as a few medium- and small-scale regional players across the globe

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Bioplastic Packaging Market Segmentation

Grand View Research has segmented the global bioplastic packaging market based on material, type, application, and region:

Bioplastic Packaging Material Outlook (Revenue, USD Million, 2017 - 2030)

• Biodegradable
  • Polylactic Acid
  • Starch Blends
  • Polybutylene Adipate Terephthalate (PBAT)
  • Polybutylene Succinate (PBS)
  • Others
• Non-biodegradable
  • Bio Polyethylene
  • Bio Polyethylene Terephthalate
  • Bio Polyamide
  • Others

Bioplastic Packaging Type Outlook (Revenue, USD Million, 2017 - 2030)

• Flexible
• Rigid

Bioplastic Packaging Application Outlook (Revenue, USD Million, 2017 - 2030)

• Food & Beverages
• Consumer Goods
• Cosmetic & Personal Care
• Pharmaceuticals
• Others

Bioplastic Packaging 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
  • Australia
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)
  • Saudi Arabia

List of Key Players in Bioplastic Packaging Market

• Amcor Plc.
• Novamont S.p.A
• NatureWorks, LLC
• Coveris
• Sealed Air
• Alpha Packaging
• Constantia Flexibles
• Mondi
• Transcontinental Inc.
• ALPLA

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.

Mining Lubricants Market to Penetrate Untapped Regions During 2022 to 2030

 

Mining Lubricants Market Growth & Trends

The global mining lubricants market size is estimated to reach USD 8.96 billion by 2030, growing at 3.8% CAGR, according to a new report by Grand View Research, Inc. The rising consumer awareness about the advantages of adopting automatic lubrication systems remains the prominent growth driver.

Mining companies worldwide are gradually transitioning from inefficient manual lubrication techniques to highly effective automatic lubrication procedures. This switch from manual to automatic lubrication systems continues to fuel the growth of the lubricant market globally.

Mineral oil mining lubricants are often used for multipurpose lubrication of mechanical components such as slides, chains, bearings, gears, and other threaded connections. Operating temperatures of mechanical component can range from -62.6°F to 302°F. Hence, the industry extensively uses the synthetic lubricants as it increases equipment productivity,

The bio-based lubricants are known for their biodegradation, renewability, low toxicity, and expulsion of specific substances. This furthers their environmental acceptability of product as these provide a wide range of potential environmental benefits. These include emission reduction, recycling bath, resource conservation, pollution source, and others.

The demand for bio-based lubricants is mainly driven by the depletion of crude oil reserves, the rise in costs of petrochemicals, and the increase in demand for green products. The global demand for bio-based lubricants is being influenced by the strict regulatory standards set by the EU Ecolabel, VGP, and IMO. The impact of other regulations such as Swedish Standard and Blue Angel formulated to reduce carbon dioxide and other harmful emissions into the environment remains a prominent driver of growth.

These products are also used in heavy machinery in mining, increasing demand for mining lubricants. Coal, iron, and bauxite mines require high-performance lubricants with high viscosity index, oxidation resistance, and corrosion prevention qualities.

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Mining Lubricants Market Report Highlights

• In 2021, synthetic mining lubricants emerged as the dominant type segment with 53.04% of the revenue share. This is attributed to its compatibility with seals, metals, and coatings as well as the fact that it can be chemically altered to make semi-synthetic via the distillation process
• Iron ore mining was the dominating application segment accounting for a revenue share of 20.7% in 2021 as it is principal source of iron for the global iron and steel industry. As a result, it is crucial for manufacturing steel, which is crucial for the preservation of a robust industrial base
• Asia Pacific is projected to grow at the highest CAGR of 4.7% over the forecast period, owing to abundant natural reserves of bauxite, titanium, coal, diamond, and limestone in the region
• North America accounts for a prominent market share on account of increasing mining activities in the United States. The growing demand for pure minerals is expected to fuel the growth of mining lubricants

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Mining Lubricants Market Segmentation

Grand View Research has segmented the global mining lubricants market report based on product, application, and region:

Mining Lubricants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Mineral Oil Mining Lubricants
• Synthetic Mining Lubricants
• Bio-Based Mining Lubricants

Mining Lubricants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Coal Mining
• Iron Ore Mining
• Bauxite Mining
• Rare Earth Mineral
• Precious Metal Mining
• Others

Mining Lubricants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Mining Lubricants Market

• Exxon Mobil Corporation
• Shell plc
• Quaker Chemical Corporation
• BASF SE
• Sinopec Corp.
• BP P.L.C.
• FUCHS
• Total S.A.
• Kluber Lubricantion
• Chevron 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.

Global Plastic Pallets Market is Estimated To Reach A Valuation of USD 11.20 Billion by 2030: Grand View Research Inc.

 Plastic Pallets Market Growth & Trends

The global plastic pallets market size is anticipated to reach USD 11.20 billion by 2030, registering a CAGR of 5.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The global pallet market has been witnessing a considerable upsurge in growth from the past few years on account of steady growth in manufacturing activities globally. The increasing popularity of e-commerce has resulted in the growth of logistics activities and, in turn, surged the demand for pallets worldwide. Furthermore, increasing penetration of organized retail is expected to drive the demand for pallets as these are widely used in retail spaces for the loading and unloading of heavy merchandise and as a base structure for Point of Purchase (POP) display.

Pallets are commonly made by using wood, plastic, metal, and corrugated paper material. Among these, wooden pallets are majorly utilized by end-use companies owing to their low cost and high strength. Furthermore, plastic pallets are anticipated to witness high demand in the coming years as they are easy to clean, lightweight, majorly made from recycled plastic, and safe and hygienic for applications in the food and pharmaceutical industries.

Food and pharmaceutical are the major end-use industries of plastic pallets. In both industries, sanitation, and safety are given prime importance and therefore, plastic pallets are increasingly replacing wooden pallets. In the processed food industry, large volumes of raw materials are handled, stored, and transported on a daily basis and plastic pallets are majorly utilized for material handling throughout the manufacturing and transportation process.

The numerous manufacturers are shifting towards the manufacturing of plastic Pallets. For instance, in November 2022, Avery Dennison Label and Packaging Materials plan to change its original wooden pallet (the European size is 1200 x 800mm) to a plastic pallet for material packaging. The aim is to reduce 819 tons of carbon emissions in the supply chain every year, also plastic pallets inhibit microbial damage to products during transportation, thereby reducing waste

However, the demand for plastic pallets is significantly growing from end-use industries, however, several factors such as the high cost of plastic pallet and their sustainability issues are limiting their widespread penetration. It is estimated that wood Pallets cost approximately 33% lower than plastic pallets. In the U.S., a new 48”*40” GMA wooden pallet costs around USD 8-10, whereas a recycled 48”*40” pallet costs around USD 4 to USD 5. On the other hand, similar-sized reusable plastic Pallet cost around USD 20 to USD 25. Plastic Pallets are made from petroleum-based plastic resins such as HDPE, PP, LDPE, and others, whereas wood pallets are made from considerably cheaper softwood lumber.

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Plastic Pallets Market Report Highlights

• High-density polyethylene (HDPE) material segment held the largest share of 68.2% in the global plastic pallet market in 2022 and is likely to retain its leading position by 2030. The HDPE is known for its versatility and is commonly utilized for making various products including bottles, automotive parts, furniture, and construction products
• Nestable Pallet accounted for the largest share of 43.7% in the type segment by value, in 2022. Nestable Pallet is lightweight and thus are easy to handle, however, these are not considered ideal for heavy-duty applications owing to their lesser strength as compared to other pallet types
• Asia Pacific was a key region in the global plastic pallet market with the highest share of 32.9% in 2022. The market is expected to advance at the fastest CAGR of 6.5% during the forecast period owing to the increasing product demand from manufacturing sectors in India, China, and Japan

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Plastic Pallets Market Segmentation

Grand View Research has segmented the global plastic pallets market based on material, type, application, and region:

Plastic Pallets Material Outlook (Volume, Million Units, Revenue, USD Million, 2018 - 2030)

• High-Density Polyethylene
• Low-Density Polyethylene
• Polypropylene (PP)
• Others

Plastic Pallets Type Outlook (Volume, Million Units, Revenue, USD Million, 2018 - 2030)

• Nestable
• Rackable
• Stackable
• Others

Plastic Pallets Application Outlook (Volume, Million Units, Revenue, USD Million, 2018 - 2030)

• Food & Beverages
• Chemicals
• Pharmaceuticals
• Petroleum & Lubricants
• Others

Plastic Pallets Regional Outlook (Volume, Million Units, Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Plastic Pallets Market

• Orbis Corporation
• RehrigPacific Company
• Monoflo International
• CABKA Group
• Allied Plastics, Inc.
• Polymer Solutions International
• Perfect Pallet, Inc.
• TranPak, Inc.
• TMF 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.

Breast Cancer Liquid Biopsy Market Trends, Growth Prospects To 2030: Grand View Research Inc.

 Breast Cancer Liquid Biopsy Market Growth & Trends

The global breast cancer liquid biopsy market size is expected to reach USD 1.7 billion by 2030, expandingat a CAGR of 22.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising preference for non-invasive methods, rising awareness of early diagnosis and treatment, and rising prevalence of breast cancer. For instance, according to WHO, in 2020, globally, 685,000 women lost their lives to breast cancer, and 2.3 million women were affected by it. Liquid biopsies have been suggested as a revolutionary technique for the early identification of breast cancer, which boosts its adoption and spurs growth.

With the increasing prevalence of breast cancer, there is a high demand to provide proper diagnostics tools for detecting cancer at an early stage and early treatment. There has been increasing R&D in the field of diagnostics to cater to the rising demand. For instance, in June 2022, according to study findings from BioFluidica, patients with HER2-positive breast cancer had success rates while receiving tailored HER2-directed therapy.The clinical significance of liquid biopsy is becoming more well-known as a result of ongoing developments in related fields. Additional interventional clinical trials and the creation of an algorithm to properly combine circulating biomarkers are required to make these technologies widely accessible.

A less intrusive technique for identifying non-hematological malignancies has been developed as a result of technological breakthroughs in continuing research on circulating biomarkers. Compared to traditional tumor biopsy, liquid biopsy is thought to be a promising option for patient monitoring in real time. For instance, in April 2022, Epic Sciences, Inc., launched DefineMBC, a blood test based on liquid biopsy technology for the diagnosis of metastatic breast cancer to its CLIA laboratory portfolio.

Furthermore, key players operating in the market are focusing on expanding and launching products that can be used for a wide range of applications. For instance, in June 2022, NeoGenomics’s subsidiary Inivata Limited announced new data for RaDaR assay for the analysis of human epidermal growth factor receptor 2 (HER2)-negative, high-risk patients with minimal residual disease (MRD) and recurrence.

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Breast Cancer Liquid Biopsy Market Report Highlights

• In 2021, the circulating tumor cells segment held a dominant revenue share owing to the effectiveness and precision offered by CTCs in the detection of cancer
• The early detection segment is projected to grow at the fastest CAGR over the forecast period, owing to the increasing adoption of liquid biopsy in early diagnosis of cancer and the rising need to provide effective treatment
• Treatment selection was the highest revenue-generating segment in 2021 owing to the availability of a high number of products that aid treatment selection
• Asia Pacific is expected to witness the fastest growth during the forecast period owing to increasing prevalence, improving healthcare infrastructure, and growing population

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Breast Cancer Liquid Biopsy Market Segmentation

Grand View Research has segmented the global breast cancer liquid biopsy market based on circulating biomarkers, application, and region:

Breast Cancer Liquid Biopsy Circulating Biomarkers Outlook (Revenue, USD Million, 2018 - 2030)

• Circulating Tumor Cells(CTCs)
• Circulating Cell-free DNA (cfDNA)
• Extracellular Vesicles (EVs)
• Other Circulating Biomarkers

Breast Cancer Liquid Biopsy Market Application Outlook (Revenue, USD Million, 2018 - 2030)

• Early Detection/Screening
• Diagnosis
• Treatment Selection
• Monitoring

Breast Cancer Liquid Biopsy Market Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Breast Cancer Liquid Biopsy Market

• The Menarini Group
• NeoGenomics Laboratories.
• Hoffmann-La Roche Ltd.
• Myriad Genetics, Inc.
• QIAGEN
• Biocept, Inc.
• Sysmex Corporation
• Fluxion Biosciences, Inc.
• Epic Sciences, Inc.
• Thermo Fisher Scientific 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.

Recycling Equipment Market Latest Innovations, Drivers and Industry Key Events 2023– 2030: Grand View Research Inc.

 Recycling Equipment Market Growth & Trends

The global recycling equipment market size is expected to reach USD 41.42 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2023 to 2030. Growing concerns pertaining to the depletion of non-renewable resources, along with the high production cost of primary materials such as metals and plastic is anticipated to augment the demand for recycling equipment.

The advent of modern technologies has been demonstrated to be effective, in terms of detecting different types of materials. The increasing necessity for scrap has forced scrap yards to set up technologically advanced recycling equipment. For instance, large recycling facilities have installed sensors to identify metals through infrared scanning and x-rays.

The increasing demand for recycled metals from the automotive, construction, electronics, and food and beverage industries on account of the product’s environment-friendly nature and ability to reduce the cost of production, energy consumption, and emissions, thereby boosting the demand for recycling equipment over the forecast period.

Increasing use of plastics coupled with poor end-of-life waste management has resulted in widespread plastic pollution. Plastic pollution has a severe impact on the environment as well as human health. Thus, the recycling of plastics is expected to play a crucial role over the coming years, resulting high demand for recycling equipment to produce recycled plastics.

The recycling equipment market is fragmented with key manufacturers striving for market leadership. Key players are expected to concentrate on forward integration to increase their profits and expand their regional presence. Manufacturers are anticipated to collaborate with engineering solution providers to offer high-quality product solutions at reasonable prices.

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Recycling Equipment Market Report Highlights

• Baler press accounted for 24.8% of the global revenue share in 2022, as it is used for compressing various recycling materials such as cardboard, paper, plastic, aluminum, and non-ferrous metals into dense bundles known as bales
• The plastic segment is estimated to witness a CAGR of 6.1% over the forecast period owing to the rising use of plastics coupled with poor end-of-life waste management has resulted in plastic pollution due to which demand for recycled plastic is increasing 
• Asia Pacific accounted for 39.6% of the global revenue share in 2022, owing to the increased industrial construction and infrastructure activities in emerging nations such as India, China, Vietnam, and Thailand
• The recycling equipment demand in India is expected to witness a CAGR of 6.3% from 2023 to 2030, owing to the new regulations and initiatives by the government of India regarding recycling waste
• Strategies adopted by companies in the recycling equipment market usually include expansion of product portfolio and distribution network, new product development, and technological advancements

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Recycling Equipment Market Segmentation

Grand View Research has segmented the global recycling equipment market on the basis of equipment, processed material, and region:

Recycling Equipment Outlook (Revenue, USD Million, 2018 - 2030)

• Baler Press
• Shredders
• Granulators
• Agglomerators
• Shears
• Separators
• Extruders
• Others

Recycling Equipment Processed Material Outlook (Revenue, USD Million, 2018 - 2030)

• Metal
• Plastic
• Construction Waste
• Paper
• Rubber
• Others

Recycling Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Recycling Equipment Market

• Recycling Equipment Manufacturing
• The CP Group
• American Baler
• Kiverco
• General Kinematics
• MHM Recycling Equipment
• Marathon Equipment
• Ceco Equipment Ltd.
• Danieli Centro Recycling
• ELDAN Recycling
• Metso
• Suny Group
• Forrec Srl Recycling
• BHS Sonthofen
• LEFORT 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.

Boom Lifts Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Boom Lifts Market Growth & Trends

The global boom lifts market size is anticipated to reach USD 18.28 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to grow at a robust CAGR of 6.4% from 2022 to 2030. Increasing government investment in residential projects, commercial complexes, and public transportation infrastructure is expected to drive demand for boom lifts during the forecast period.

Rising government initiatives to provide technological facilities such as electrical utilities and telecommunication networks. This remains a defining infrastructure initiative to meet the needs of the growing population in various emerging countries such as China, India, and Brazil. It is expected to propel the growth of end-use industries such as construction, transportation, and mining, which is anticipated to increase the demand for boom lifts.

A large number of boom lifts are used at airports for the placement and storage of luggage. Articulated electrical boom lifts are used for work on the interior of airport premises to reach the overhead of an aircraft for cleaning, maintenance, and inspection work. The trend is likely to continue over the forecast period with the rise in the construction of new airports.

Rising e-commerce platforms also continue to fuel the growth of warehouse units across the globe. Promised shipping standards by various e-commerce giants require nearby storage and warehouse units that employ a large number of boom lifts for product handling and transportation. These boom lifts promote easy material handling and help retain a company’s delivery promises.

Fully automated warehouses gain popularity worldwide. These warehouses are equipped with boom lifts & platforms that require minimal human intervention. Numerous e-commerce and logistics organizations around the world are anticipated to invest vast sums in the development of warehousing units, which is anticipated to significantly contribute to market expansion.

Companies such as JLG Industries, HAULOTTE GROUP, and Skyjack are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in September 2021, JLG Industries launched JLG 670SJ self-leveling boom lift that navigates through uneven terrains, resulting in a significant productivity boost throughout the operation.

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Boom Lifts Market Report Highlights

• The engine-powered segment accounted for the largest revenue share of 66.1% in 2021. The increased demand for diesel engine-powered boom lifts to move heavy loads outdoors remains a key driver of global demand
• The other product segment held the largest revenue share of 56.5% in 2021. The other segment of the boom lifts market comprises self-propelled boom lifts that are convenient and highly flexible
• The rental end-use segment accounted for a dominant revenue share of 93.5% in 2021.Renting outsources the need for regular maintenance and often lowers the operational cost
• Asia Pacific is estimated to witness a CAGR of 8.4% over the forecast period owing to the rapid increase in infrastructure development of smart cities, metro, highways, and other public infrastructure
• The market is competitive in nature due to the presence of multinationals operating in the industry. It is characterized by the presence of a significant consumer base with the companies operating their business through dedicated distribution networks

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Boom Lifts Market Segmentation

Grand View Research has segmented the global boom lifts market based on engine type, product, end-use, and region:

Boom Lifts Engine Type Outlook (Revenue, USD Million, 2017 - 2030)

• Electric
• Engine-powered

Boom Lifts Product Outlook (Revenue, USD Million, 2017 - 2030)

• Trailer Mounted Booms
• Vehicle Mounted Boom
• Crawler/Spider Booms

Boom Lifts End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Rental
• Construction & Building
• Mining
• Transportation & Logistics,
• Landscaping & Orchard Work
• Others

Boom Lifts Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Boom Lifts Market

• JLG Industries
• HAULOTTE GROUP
• Dinolift Oy
• LEGUAN LIFTS OY
• Skyjack
• A Time Manufacturing Company
• Niftylift (UK) Limited
• TEUPEN

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.