Packaging Machinery Market is Likely To Touch $66.14 Billion by 2030: Grand View Research Inc.

 

Packaging Machinery Market Growth & Trends

The global packaging machinery market size is expected to reach USD 66.14 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 4.6% over the forecast period. A significant increase in the demand for convenience food products is driving industry growth. Convenience food includes all types of packaged food products. The demand for packaged food is mainly contributed by the millennial and gen-z customers who are more inclined towards ease and convenience. The industry growth is also attributed to the rising need for differentiation in retail shops since customers are demanding greater product diversity and a wider range of products.

Packaging differentiation calls for the attention of the customer by using unique sizes, shapes, and materials. This subsequently leads to an increasing inclination of manufacturers toward unique packaging styles and drives product growth. Packaging equipment is used in the pharmaceutical industry for packaging medicines and drugs in a safe environment. The pharma industry has witnessed significant growth over the last decade owing to the increased demand for pharmaceutical drugs in BRICS and MIST countries. The development of new generic drugs and medicines has also fueled the pharma industry's growth. The growing e-commerce industry across the world, rising internet penetration & number of e-commerce players, changing lifestyles, and developments in logistics are facilitating the growth of e-commerce shopping.

Packaging equipment is required throughout the e-commerce supply chain stages. Therefore, a rise in the e-commerce industry is expected to propel the packaging equipment industry growth over the forecast period. The market experienced a setback during the COVID-19 pandemic. As a result of supply chain disruption and lack of workforce availability, product demand was impacted. A high number of COVID-19 cases across the globe affected consumer shopping at retail shops and convenience stores. Key companies are actively focusing on strategies, such as technological developments, joint ventures, mergers, and acquisitions, to strive in the competitive industry. In Feb 2022, SIG Combibloc Group Ltd. acquired packaging company, Scholle IPN. It enables SIG to offer sustainable low-carbon packaging solutions across various product types and sizes.

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Packaging Machinery Market Report Highlights

• The form-fill-seal segment is expected to register the fastest CAGR during the forecast period. Many businesses prefer to use FFS systems as they provide additional advantages, such as versatility and speed
• The need to store a variety of clinical products has resulted in high demand for carton machines from the healthcare sector, which is expected to generate profitable growth opportunities for this industry
• The food end-use segment held the largest revenue share in 2021 owing to the increased demand for packaged food products brought on by improving standards of lifestyle, rising disposable income, and a growing middle-class population
• Asia Pacific is estimated to be the largest as well as the fastest-growing regional market due to the rising need for highly integrated & automated equipment and favorable packaging & labeling laws in the region
• In September 2020, Krones AG, in partnership with Innocent (Fresh Trading Ltd.), built a new CO2-neutral bottling plant in the Port of Rotterdam. Innocent has invested around USD 250 million in the bottling plant

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Packaging Machinery Market Segmentation

Grand View Research has segmented the global packaging machinery market on the basis of machine-type, end-use, and region:

Packaging Machinery Machine-type Outlook (Revenue, USD Billion, 2017 - 2030)

• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line
• Others

Packaging Machinery End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

Packaging Machinery Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Packaging Machinery Market

• Langley Holding plc
• Maillis Group
• Rovema GmbH
• Douglas Machine Inc.
• KHS Group
• SIG
• Tetra Laval International S.A.
• Krones AG
• M.A. Industria Macchine Automatiche S.p.A.
• Syntegon Technology GmbH
• ProMach
• GEA Group Aktiengesellschaf
• Sacmi
• Coesia S.p.A.
• Duravant

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.

Next Generation Sequencing Market is Anticipated to Upgrade USD 31.26 Billion Revenue By 2030: Grand View Research Inc.

 Next Generation Sequencing Market Growth & Trends

The global next generation sequencing market size is expected to reach USD 31.26 billion by 2030, registering a CAGR of 21.12% from 2024 to 2030, according to a new report by Grand View Research, Inc. Next-generation Sequencing (NGS) is a parallel processing technique that can establish the sequence of nucleotides in a whole genome with scalability, ultra-high capacity, and fast speed. Furthermore, in the healthcare industry, NGS is gradually being incorporated into medical laboratory research, screening, and disease diagnoses. In personalized medicine, it has been frequently utilized to accelerate the drug research process.

Different potential sequencing methods such as RNA sequencing, whole-genome sequencing, and whole-exome and targeted sequencing amongst others are prominently used by researchers to get comprehensive sample analysis. When compared to the traditional Sanger sequencing technology, NGS is less expensive and provides higher throughput for DNA sequencing. The growing automation in the pre-sequencing protocols, post-sequencing protocols, and data analysis is also projected to have a positive impact on the NGS market. The utilization of novel platforms for the development of personalized medicine by medical analysis at a genetic level is also a significant factor, which is expected to enhance demand for NGS over the forecast period.

Besides, there are other significant growth trends that are being witnessed in the sequencing industry, such as the development of personalized medicine and companion diagnostics, growing advancements in cloud computing, and data integration. Furthermore, the easy availability of genomic and proteomic data has poised this market to exhibit potentially high-value avenues and opportunities for growth over the forecast period. The market growth is also being fueled by an increase in the global prevalence of cancer and the availability of sophisticated healthcare facilities. As per GLOBOCAN 2020, there have been 1,92,92,789 new cancer cases in 2020, with the number expected to rise to 2,88,87,940 by 2040. Such a substantial rise in the number of cancer cases is estimated to leverage cancer research which will eventually accelerate the NGS market growth.

The NGS diagnostic techniques have the potential to determine a virus's genomic sequence and aid scientists in their understanding of mutations. Furthermore, throughout the COVID-19 epidemic, governments across the globe have been collaborating with the corporate sector to introduce NGS technology to the market as a viable diagnostic tool. The US Food and Drug Administration granted Illumina Inc. a case of emergency use permit for the first COVID-19 diagnostic using the next-generation sequence technique in June 2020. The Illumina COVIDSeq Test for qualitative identification of SARS-CoV-2 RNA has been approved by the FDA. As a result, the usage of next-generation sequencing (NGS) technologies is projected to increase during the pandemic. 

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Next Generation Sequencing Market Report Highlights

• By application, the oncology segment held the largest revenue share of 27.31% in 2023. The segment growth is prominently attributed to increasing in the prevalence of cancer and advancements in sequencing technologies
• The academic research segment is expected to grow lucratively over the forecast period due to an increase in application-based usage in these institutes and a rise in oncology research. In addition, advancements in R&D for therapeutics, oncology, and genomics research led to the growth of the market
• In Asia Pacific, the market is expected to grow considerably during the forecast period owing to extensive developments in healthcare infrastructure, the positive approach of respective countries for adoption of advanced technologies, and the presence of key players
• North America dominated the market with a share of 49.35% in 2023, due to the presence of high R&D investment, and availability of technologically advanced healthcare research framework, the development of WGS in the region is also expected to serve as a critical factor for the growth of the North America NGS market throughout the forecast period

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Next Generation Sequencing Market Segmentation 

Grand View Research has segmented the global next generation sequencing market on the basis of technology, product, application, workflow, end-use, and region:

Next Generation Sequencing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• WGS
• Whole Exome Sequencing
• Targeted Sequencing & Resequencing
  • DNA-based
  • RNA-based
• Others

Next Generation Sequencing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Platform
  • Sequencing
  • Data Analysis
• Consumables
  • Sample Preparation
  • Target Enrichment
  • Others

Next Generation Sequencing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology
  • Diagnostics and Screening
    • Oncology Screening
      • Sporadic Cancer
      • Inherited Cancer
    • Companion Diagnostics
    • Other Diagnostics
  • Research Studies
• Clinical Investigation
  • Infectious Diseases
  • Inherited Diseases
  • Idiopathic Diseases
  • Non-Communicable/Other Diseases
• Reproductive Health
  • NIPT
    • Aneuploidy
    • Microdeletions
  • PGT
  • Newborn Genetic Screening
  • Single Gene Analysis
• HLA Typing/Immune System Monitoring
• Metagenomics, Epidemiology & Drug Development
• Agrigenomics & Forensics
• Consumer Genomics

Next Generation Sequencing Workflow Outlook (Revenue, USD Million, 2018 - 2030)

• Pre-Sequencing
  • NGS Library Preparation Kits
  • Semi-automated Library Preparation
  • Automated Library Preparation
• Sequencing
• NGS Data Analysis
  • NGS Primary Data Analysis
  • NGS Secondary Data Analysis
  • NGS Tertiary Data Analysis

Next Generation Sequencing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Academic Research
• Clinical Research
• Hospitals & Clinics
• Pharma & Biotech Entities
• Other Users

Next Generation Sequencing Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Next Generation Sequencing Market

• Illumina
• Hoffman-La Roche Ltd.
• QIAGEN
• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories, Inc.
• Oxford Nanopore Technologies
• PierianDx
• Genomatix GmbH
• DNASTAR, Inc.
• Perkin Elmer, Inc.
• Eurofins GATC Biotech GmbH
• BGI

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.

Modular Construction Market to Witness Soaring Growth During 2023 – 2030: Grand View Research Inc.

 Modular Construction Market Growth & Trends

The global modular construction market size is expected to reach USD 162.40 billion by 2030, registering a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to growing infrastructural development and building activities in developing countries around the globe. Rapid urbanization and industrialization are expected to increase the number of new projects, primarily in the commercial and industrial building sectors. This is likely to fuel the growth of the modular construction industry across the globe. Increasing technological advancements in the building industry coupled with the advantages provided by modular construction such as reduced building schedule, reduced cost, greater flexibility, reuse, and less material waste are contributing to the product demand in the market.

The relocatable modular construction (RMC) market is expected to witness rapid growth as temporary housing for emergency and relief operations has gained popularity over the past decade. These buildings are made to be repurposed and transported to various building sites. Government initiatives and regulations toward sustainability and a green environment are expected to fuel the market growth over the forecast period.

Using wood in modular construction is advantageous due to its favorable properties as a material. Wood is used in modular construction to create exterior wall panels including additional layers for insulation, vapor barrier, siding, waterproofing, and drywall. Moreover, global concerns regarding sustainability and increasing awareness about wood as a building material among consumers are the factors likely to augment the growth of the market over the forecast period.

Growing commercial sector in Asia Pacific on account of rising penetration of multinational brands backed with favorable trade policies are expected to propel the market growth. Increasing construction of office spaces, shopping malls, lodging spaces and other utility spaces across the region are likely to provide a major boost to the adoption of modular construction.

The manufacturers of modular construction prefer to maintain strategic relationships with raw material suppliers in order to avoid disruptions in raw material supply. In addition, manufacturers do not depend on a single source to procure raw materials to ensure the steady supply of raw materials and avoid volatility in terms of sourcing, thereby limiting the bargaining power of suppliers.

Leading companies are implementing the latest modular construction techniques and solutions to drive innovation in the modular construction sector. For instance, in March 2017, Bureau Veritas, Setec Bâtiment, Agence Coste Architectures, and Bouygues Construction partnered to work on innovative Building Information Modeling (BIM) processes. These processes enable technical inspectors and health & security protection coordinators to assess buildings and structures directly based on the digital model and allows principal contractors to sign off directly on the same digital model.

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Modular Construction Market Report Highlights

• The permanent segment accounted for the largest revenue share of 64.1% in 2021. This is attributed to the several advantages of off-site construction such as high-quality control compared to traditional building methods.
• The steel material segment accounted for a major share of 41.5% in 2022, owing to its characteristics due to which structural steel is used in building materials and can be welded into different shapes and grades.
• The residential application segment was valued at USD 47.85 billion in 2022 and is further forecasted to grow rapidly by 2030. The residential application segment includes single-family houses, multi-story residential buildings, and rental housing properties. Modular construction is witnessing rapid adoption in residential applications on account of its ability to significantly reduce building costs and time.
• The European region accounted for the largest revenue share in 2022 and is forecast to grow at a CAGR of 7.1% by 2030. The primary driving factor is expected to be the rising influx of migrants necessitating the building of temporary and permanent housing structures in the region.
• Modular construction market is characterized by the presence of various established players with a strong financial base resulting in high barriers for new entrants in this market. High initial capital required for developing buildings with modular construction is expected to lower the threat of new entrants in the market.

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

Modular Construction Market Segmentation

Grand View Research has segmented the global modular constructionmarket report based on product, material, application, and region:

Modular Construction Product Outlook (Revenue, USD Million; 2018 - 2030)

• Relocatable
• Permanent

Modular Construction Material Outlook (Revenue, USD Million; 2018 - 2030)

• Wood
• Steel
• Concrete
• Others

Modular Construction Application Outlook (Revenue, USD Million; 2018 - 2030)

• Residential
• Commercial
• Industrial
• Healthcare
• Educational

Modular Construction Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players of Modular Construction Market

• Sekisui House Ltd.
• LAING O'ROURKE
• Red Sea International
• Skanska
• Bouygues Construction
• Premier Modular Limited
• KLEUSBERG GmbH & Co KG
• DuBox
• Wernick Group
• CIMC Modular Building Systems Holdings Co., Ltd. (CIMC-MBS)
• Riko Hiše d.o.o
• Lendlease Corporation
• Modulaire Group
• Guerdon, LLC
• Hickory 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.

Meat Substitutes Market to Observe Strong Development by 2030: Grand View Research Inc.

 Meat Substitutes Market Growth & Trends

The global meat substitutes market size is expected to reach USD 234.66 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 43.6% from 2023 to 2030. The market demand is growing due to the increasing preference for vegan diets owing to various health benefits. Moreover, heightened consciousness regarding environmental and ethical concerns has further propelled the market's growth. Opting for plant-based meat offers a healthier substitute for conventional meat products. More than 50% of consumers of protein have a preference for natural protein sources, leading to an increased demand for easily recognizable and clean ingredients. This shift in preference is driving the market toward cleaner and more identifiable substances.

Numerous plant-based protein products offer the advantage of a reduced carbon footprint compared to traditional protein sources. Given their perceived benefits for the environment, health, and sustainability, these plant protein products have emerged as significant drivers for the global adoption of meat substitutes. Plant-based protein held the largest segment in 2022 and is expected to maintain its dominance over the forecast period. The growth of this segment will be propelled by the rising consumer apprehension regarding the negative health effects associated with high animal protein diets, such as increased intake of saturated fatty acids. With companies like Beyond Meat and Impossible Foods Inc., the availability of alternative protein products is expanding to a greater number of restaurants and grocery stores, resulting in increased demand.

These companies are leveraging their scale to enhance distribution and forming collaborations with retailers to drive promotions and marketing efforts. In 2022, the retail segment accounted for the largest revenue share of the global market. As a growing number of consumers have either eliminated or significantly reduced their meat consumption, supermarket companies have a greater opportunity to attract customers with non-meat products in their stores. In the United States, consumers are opting for meat-free options due to the wide availability of these products in both online and offline retail stores. The market is fragmented in different regions/countries owing to the presence of a large number of key players.

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Meat Substitutes Market Report Highlights

• Mycoprotein is projected to register the fastest growth rate as it is more economical to produce. Moreover, its low prices are expected to contribute to the segment growth
• The retail channel segment held the largest revenue share in 2022 due to nationwide lockdowns imposed across the globe during the pandemic, which resulted in increased at-home consumption of food
• Asia Pacific is expected to be the fastest-growing regional market during the forecast period
• Countries, such as China and Australia, are expected to see a rapid surge in the consumption of meat substitutes with consumers across these countries preferring to cut down meat consumption and form healthier dietary habits

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Meat Substitutes Market Segmentation

Grand View Research has segmented the global meat substitutes market based on source, distribution channel, and region:

Meat Substitutes Source Outlook (Revenue, USD Billion, 2017 - 2030)

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

Meat Substitutes Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Foodservice
• Retail

Meat Substitutes Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Meat Substitutes Market

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

About Grand View Research

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

Biomaterials Market Expected to Witness a CAGR of 15.52% through 2030

 

Biomaterials Market Growth & Trends

The global biomaterials market size is expected to reach USD 488.71 billion by 2030, registering a CAGR of 15.52% over the forecast period, according to a new report by Grand View Research, Inc. The application of biomaterials represents a fast-growing field in biomedical research. Recent advances in the improvement of bioactivity, compatibility, and mechanical properties of biomaterials have introduced new opportunities for their application in tissue engineering, immune engineering, and drug delivery systems. 

Biocompatibility, low toxicity, and renewable nature of polymeric biomaterials make them potent drug delivery agents in controlled and targeted drug delivery, thus providing lucrative opportunities for the market growth. The advent of improved drug delivery approaches, such as PEG-coated liposomes, biopolymer-coated liposomes, and nanomaterials drug delivery, further expands the prospects of these biopolymers in the pharmaceutical and medical industries.

 Use of biomaterials has greatly benefited the regeneration of the cardiopulmonary system. These materials provide physical support and physiological and chemical cues to seeded cells to assist the tissue regeneration process. Integration of biomaterials with nanotechnology techniques also stimulates the regeneration of damaged cardiomyocytes’ extracellular matrix, thus replacing the traditional organ transplantation procedures. 

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Biomaterials Market Report Highlights

• High availability of natural and synthetic degradable polymers and their wide usage as surgical sutures and implants resulted in the largest revenue share of the polymers product segment
• Natural products have gained immense popularity as a source of novel bioactive substance for the development of novel drugs, leading to fastest growth of this segment
• Increasing incidence of chronic skeletal and musculoskeletal conditions is expected to raise the demand for biomaterials for orthopedics application at a large scale
• The infection from coronavirus, that is, SARS-COV-2 can be detected using existing biomedical devices which are based on either Polymerase Chain Reaction(PCR) or Non-PCR methods
• Improvement in the surface modification of silicone breast implants to prevent capsular contracture is one of the factors driving the biomaterial usage in the plastic surgery segment at the fastest rate
• Biosensor, is an analytical device that is used to detect analytes such as biomolecules or biological elements of species produced by micro-organisms, that is tissues, enzymes, and organelles
• North America is expected to dominate the market in terms of revenue share owing to the presence of public and private agencies promoting biomaterial usage by hosting events and funding initiatives
• Asia Pacific is anticipated to grow at a rapid pace owing to the presence of several local manufacturers developing low-cost biomaterial products, mainly in China
• Prominent players operating in the market include Medtronic, Evonik, DSM, BASF, Berkeley Advanced Biomaterials, Covalon Technologies, and Zimmer Biomet Holdings
• Companies are engaged in several strategic growth initiatives, such as novel product developments, partnerships, and regional expansion to reinforce their market presence
• For instance, in March 2022, Medtronic announced a collaboration with Vizient to add Touch Surgery Enterprise to Vizient's portfolio, which is an AI-powered video management and analytical platform that provides surgical teams with simple access to procedural recordings and insights

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

Biomaterials Market Segmentation

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

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

• Metallic
• Natural
• Ceramics
• Polymers

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

• Cardiovascular
  • Sensors
  • Stents
  • Guidewires
  • Implantable Cardiac Defibrillators
  • Pacemakers
  • Vascular Grafts
  • Others
• Ophthalmology
  • Synthetic Corneas
  • Intraocular Lens
  • Contact Lens
  • Ocular Tissue Replacement
  • Others
• Dental
  • Tissue Regeneration Materials
  • Dental Implants
  • Bone Grafts & Substitutes
  • Dental Membranes
  • Others
• Orthopedic
  • Joint Replacement Biomaterials
  • Orthobiologics
  • Bioresorbable Tissue Fixation Products
  • Viscosupplementation
  • Spine Biomaterials
  • Others
• Wound Healing
  • Fracture Healing Device
  • Adhesion Barrier
  • Skin Substitutes
  • Internal Tissue Sealant
  • Surgical Hemostats
  • Others
• Tissue Engineering
• Plastic Surgery
  • Facial Wrinkle Treatment
  • Soft Tissue Fillers
  • Craniofacial Surgery
  • Bioengineered Skins
  • Peripheral Nerve Repair
  • Acellular Dermal Matrices
  • Others
• Neurology
  • Neural Stem Cell Encapsulation
  • Shunting Systems
  • Hydrogel Scaffold For CNS Repair
  • Cortical Neural Prosthetics
  • Others
• Others

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

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

List of Key Players in Biomaterials Market

• Medtronic plc
• Evonik Industries AG
• Carpenter Technology Corporation
• Berkeley Advanced Biomaterials
• Invibio Ltd.
• Zimmer Biomet Holdings, Inc.
• BASF SE
• Covalon Technologies Ltd.
• Stryker
• Johnson & Johnson
• Dentsply Sirona
• CoorsTek Inc.
• Corbion
• Collagen Matrix, 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.

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

 

Heat Pump Market Growth & Trends

The global heat pump market size is anticipated to reach USD 166.65 billion by 2030, expanding at a CAGR of 9.3% during the forecast period, according to a new report by Grand View Research, Inc. Favorable government policies for energy-efficient solutions and lowered carbon footprint are expected to boost the market growth over the forecast period. In addition, consumer-driven demand for energy-efficient heat pumps to reduce energy consumption and lower operating expenses are expected to benefit the overall market over the forecast period.

The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings. Increasing disposable income has led to the growing demand for technologically advanced equipment and comfortable housing solutions, which is further projected to boost the demand for heat pumps. These factors are expected to play a vital role in driving the market growth.

Governments across the globe are becoming increasingly aware of the risks associated with fossil fuels and are adopting environment-friendly options. Furthermore, initiatives like the federal tax credit for new residential heat pumps in the U.S. was extended until the end of 2022. The California Energy Commission passed a new building energy code in August 2021, which encouraged the use of heat pumps for space and water heating in newly constructed buildings. All these aforementioned factors are expected to boost the demand for heat pumps in the coming years.

According to International Energy Agency, heat pumps continue to cover only a small portion of domestic heat demand, while fossil fuel-based solutions accounted for roughly half of the global heating equipment sales in 2020, with the majority of heat pumps being installed in new buildings. However, various factors including regulatory development, enhanced construction requirements favoring heat pumps in new buildings, and rising air conditioning demand are likely to boost the adoption of heat pump technologies in the coming years.

Heat pump players are seeking mergers & acquisitions, partnerships, and investments to develop advanced and innovative solutions. In addition, players are also adopting several strategies such as product launches, research & development, and geographical expansion to increase their market penetration. For instance, in April 2023, Daikin invested USD 327.9 million and expanded its production facility in Poland. This new factory will start the production of the heat pumps and it will cater to various European countries such as Belgium, Germany, and the Czech Republic.

In February 2023, LG introduced an air source heat pump (ASHP) capable of heating 200-270 liters of residential water. The pump has a coefficient of performance (COP) of up to 3.85 and uses R134a as a refrigerant.

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Heat Pump Market Report Highlights

• In 2022, the air-source technology segment dominated with a revenue share of over 84.8%. The growth of this segment can be attributed to the benefits such as energy-efficient, low carbon emission, low maintenance, easy installation process, use in space heating and hot water, and high seasonal coefficient of performance
• The residential application segment accounted for 79.9% of the global revenue share in 2022. Rapid urbanization coupled with increasing demand for energy-efficient products is expected to drive the demand for heat pumps in the residential sector
• The industrial application segment is expected to witness a CAGR of 9.0% over the forecast period. The increasing number of new industrial facilities being established worldwide is fueling the global demand for heat pumps
• Asia Pacific accounted for 53.1% of the global revenue share in 2022. The rising trend of shifting production bases to emerging economies, mainly China and India, is expected to positively influence the growth of the heat pump industry over the forecast period
• In February 2023, Hitachi introduced the Yutaki M R32 monobloc air-to-water heat pump. Even in sub-zero temperatures, the 4-ton and 3-ton systems have 140°F heating capacity
• In May 2022, Midea launched the EVOX heat pump system. The new product is available in six sizes from 1.5–5 tons. These are capable of 100% heating output at -20°C

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

Heat Pump Market Segmentation

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

Heat Pump Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Air Source
  • Air to Air
  • Air to Water
• Water Source
• Geothermal

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

• Up to 10 kW
• 10–20 kW
• 20–50 kW
• 50–100 kW
• 100–200 kW
• Above 200 kW

Heat Pump Operation Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Electric
• Hybrid

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

• Residential
• Industrial
• Commercial

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

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

List of Key Players in the Heat Pump Market

• Carrier
• Daikin Industries, Ltd
• Robert Bosch GmbH
• Lennox International
• Johnson Controls, Inc.
• Midea Group
• Hitachi, Ltd.
• Ingersoll Rand Plc.
• Rheem Manufacturing Company
• HAIER(GENERAL ELECTRIC)
• Panasonic Holdings Corporation
• Danfoss
• Fujitsu
• LG Electronics, Inc.
• Samsung

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.

Data Center Cooling Market is Expected to Enhance USD 56,145.9 Million Revenue By 2030: Grand View Research Inc.

 Data Center Cooling Market Growth & Trends

The global data center cooling market size is expected to reach USD 56,145.9 million by 2030 and is expected to expand at 17.1% CAGR from 2023 to 2030, according to a study conducted by Grand View Research, Inc. An increase in the number of data centers facilities worldwide is favoring rapid growth in this sector. Additionally, a gradual shift towards cloud services is creating demand for eco-friendly cooling technology.

Favorable initiatives by governing bodies across the globe focused on promoting cloud proliferation are driving demand for data centers, while simultaneously creating footprints for the data center cooling industry to follow. For instance, the United Arab Emirates (UAE) funded several projects related to cloud computing such as Smart Abu Dhabi or Smart Dubai. These projects were aimed at rapid digital transformation among enterprises, while simultaneously driving economic growth for the country. These kinds of initiatives by different governments globally will impel data center demand globally, thereby proliferating the demand for cooling solutions.

Data center expansion is often associated with high CO2 emissions and increased energy usage. Furthermore, data center cooling solutions are estimated to account for 35% of the total energy consumption in data center facilities. Therefore, the vendors in this space continue to introduce sustainable cooling solutions to save over 70% of the cost associated with cooling. For example, Apple’s North Carolina data center facility operates on sustainable power sources, and data center cooling is achieved through the free-air cooling technique, allowing the chillers to be turned off for almost 80% of their operational duration.

Additionally, there is increasing pressure from local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Hence, the rising demand for environment-friendly and cost-effective cooling solutions is anticipated to propel the growth of the data center cooling industry. However, high maintenance and installation costs, carbon emissions, and electricity consumption are some of the challenges affecting the market growth.

Request a free sample copy or view report summary: Data Center Cooling Market Report

Data Center Cooling Market Report Highlights

• IT & telecom captured over 45% of the overall revenue share in 2022. 5G penetration and the pandemic brought about a rapid need for digital transformation among enterprises. It remained the key driver of success over the last few years
• Although raised floor containment is ranked third among all containment types, it is expected to gain traction during the forecast period. The segment in terms of USD is projected to surpass a revenue demand of approximately 12 million by 2030
• Although raised floor without containment category was popular in earlier days, several factors such as ineffective cooling and costs have driven down the demand over the last few years
• The worldwide data center cooling industry is expected to witness substantial growth owing to the need for enhanced cooling techniques to negate the scorching heat due to rising global temperatures

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

Data Center Cooling Market Segmentation

Grand View Research has segmented the global data center cooling market based on product, application, containment, structure, and region:

Data Center Cooling Product Outlook (Revenue, USD Million, 2018 - 2030)

• Air Conditioners
• Precision Air Conditioners
• Chillers
• Air Handling Units
• Others

Data Center Cooling Application Outlook (Revenue, USD Million, 2018 - 2030)

• Telecom
• IT
• Retail
• Healthcare
• BFSI
• Energy
• Others

Data Center Cooling Containment Outlook (Revenue, USD Million, 2018 - 2030)

• Raised Floor with Containment
• Hot Aisle Containment (HAC)
• Cold Aisle Containment (CAC)
• Raised Floor without Containment

Data Center Cooling Structure Outlook (Revenue, USD Million, 2018 - 2030)

• Rack-based Cooling
• Row-based Cooling
• Room-based Cooling

Data Center Cooling Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Data Center Cooling Market

• Air Enterprises
• Asetek, Inc.
• Climaveneta
• Coolcentric
• Fujitsu
• NTT Limited
• Schneider Electric
• STULZ GMBH
• Rittal GmBH & Co. KG
• Hitachi, Ltd.
• Telx Inc
• Vertiv Group Corp.

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.

Automotive Adhesives Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2025

 The global automotive adhesives market size is anticipated to reach USD 6.5 billion by 2025, exhibiting a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Increasing demand for lightweight vehicles and shifting preference of consumers toward sustainable adhesives are projected to favor the market growth.

The usage of adhesives helps in reduction of weight of vehicles, which further boosts the fuel efficiency and overall performance of vehicles. This has resulted in rapid adoption of adhesives over mechanical fasteners in automotive industry. Also, they are increasingly being used in electric vehicles, which is anticipated to fuel the market growth further.

Adhesives including acrylic, polyurethane, epoxy, and rubber are widely used in body in white, exterior, and interior applications. Body in white is the raw framework of the vehicle, which utilizes a major quantity of adhesives. The product enhances the strength of the body frame while reducing the use of spot welding.

Polyurethane is the most widely used adhesive in the automotive industry, followed by acrylic and rubber. As compared to epoxy and acrylic, polyurethane adheres to a wider range of substrates. In terms of revenue, acrylic segment is anticipated to register a growth rate of 4.8% over the forecast period.

The product consumption is increasing extensively in developing economies with the growth in the production of heavy commercial vehicles. HCV & MCV segment is expected to register the fastest growth rate of 5.6%, in terms of revenue, over the forecast period owing to their increasing production in the Americas and Asia Pacific. Initiation toward adoption of electric vehicles, technological innovation, and developments in the manufacturing industry are further projected to boost the product demand. For instance, in February 2019, the Government of India approved the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME)-II scheme for funds worth USD 1.39 billion from 2020 to 2022.

The automotive adhesives market is competitive owing to the presence of significant players such as 3M, Bostik, H.B. Fuller, Henkel, Sika AG, and Wacker Chemie AG, among other regional players. Mergers & acquisitions, development of new technologies, and capacity expansions are the various strategic initiatives adopted by industry players to maximize their growth.

For instance, in April 2019, PARKER HANNIFIN CORP entered into an agreement to acquire LORD Corporation for USD 3.68 billion. The acquisition was aimed at fulfilling the company’s objective to invest in profitable and growing businesses such as engineered materials.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-adhesives-market

Further key findings from the report suggest:

• NVH constituted a volume share of 36.5% in 2018 with the growing consumer preference for comfortable driving experience
• The bonding segment held a revenue share of 47.4% in 2018 owing to the growing demand for adhesives over mechanical fasteners
• Hot melt technology segment is anticipated to register a growth rate of 6.1%, in terms of revenue, over the forecast period due to its properties such as superior bonding and heat resistance
• Interior application segment is anticipated to witness growth in demand owing to the introduction of sustainable adhesives in the industry
• Increasing raw material prices are expected to affect the manufacturing cost, thereby resulting in an increase in product prices. For instance, H.B. Fuller North America increased the prices of its adhesives by 4% to 10% in October 2018.

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

Grand View Research has segmented the global automotive adhesives market report on the basis of technology, function, vehicle, application, and region:

Technology Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

• Water-based
• Solvent-based
• Hot melt
• Reactive & others

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

• Bonding
• NVH
• Sealing/Protection

Vehicle Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

• Passenger cars
• Light commercial vehicles
• Heavy & medium commercial vehicles

Application Outlook (Revenue, USD Million; Volume, Kilotons, 2014 - 2025)

• Exterior
  • Acrylic
  • Polyurethane
  • Rubber
  • Epoxy
  • EVA
  • PVA
  • Others
• Interior
  • Acrylic
  • Polyurethane
  • Rubber
  • Epoxy
  • EVA
  • PVA
  • Others
• Powertrain
  • Acrylic
  • Polyurethane
  • Rubber
  • Epoxy
  • EVA
  • PVA
  • Others
• Electronics
  • Acrylic
  • Polyurethane
  • Epoxy
  • Others
• Body in white
  • Acrylic
  • Polyurethane
  • Rubber
  • Epoxy
  • Others
• Others
  • Acrylic
  • Polyurethane
  • Epoxy
  • Others

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

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• 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.

Global Automotive Transmission Market 2028 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Automotive Transmission Market Growth & Trends

The global automotive transmission market size is expected to reach USD 211.85 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The Covid-19 pandemic has adversely affected the automobile industry, leading to a decline in the growth of this market. Increasing concerns regarding global warming and pollution have led to various stringent government regulations pertaining to vehicular emissions. Such regulatory guidelines have propelled component suppliers to manufacture eco-friendly and high-efficiency transmission systems for domestic and international markets.

Thus, increasing emission standards worldwide are one of the key factors driving the growth of the market. Emission performance standards set a limit on the amount of various gases permissible for emission. While the main goal of these standards is to direct the limit for pollutants, such as nitrogen and sulfur oxides, they also help regulate the proportion of greenhouse gasses, particularly carbon dioxide, in exhaust emissions. In the U.S., emissions standards are managed by the Environmental Protection Agency (EPA), whereas the state of California has special vehicle emissions norms. Other states in the U.S. follow either the EPA or the California standards.

In the wake of the pandemic, lockdowns and social distancing norms have been implemented globally, which have resulted in losses for industries, such as manufacturing, automobile, entertainment, restaurant, and hospitality. The overall automobile production volumes have declined globally on a year-on-year basis, mainly due to a decrease in production volumes in North America and Europe, among other regions. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the global automobile production dropped by more than 15% i.e., 77.6 million units in 2020 as compared to 91.7 million units in 2019.

However, as governments begin to gradually relax the lockdown norms and allow businesses to operate with mandates of social distancing, the market can expect a period of respite for the short-term due to the growing demand for cars. Asia Pacific captured the largest revenue share of more than 31% in 2020 and is also estimated to register the fastest CAGR from 2021 to 2028. The demand for automotive transmission in the region is largely fulfilled by China, India, and Japan. Moreover, the “Make in India” campaign is expected to draw investments in the automobile sector, thus driving the growth of the market in India.

Request a free sample copy or view report summary: Automotive Transmission Market Report

Automotive Transmission Market Report Highlights

• The automatic type segment is estimated to account for the highest revenue share by 2028 growing at the fastest CAGR from 2021 to 2028
• This growth can be credited to the advancements in the automobile industry and improvements in automatic transmissions
• Gasoline fuel type emerged as the largest fuel type segment in 2020 and is anticipated to continue its dominance growing at the fastest CAGR during the forecast period
• The passenger cars vehicle segment led the market in 2020 due to high demand for passenger cars as a result of improving economic outlook in several developed as well as developing markets
• Asia Pacific held the largest market share in 2020. This can be attributed to the high production of vehicles in India, China, and Japan

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

Automotive Transmission Market Segmentation

Grand View Research has segmented the global automotive transmission market on the basis of transmission type, fuel type, vehicle type, and region:

Automotive Transmission Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Manual
• Automatic

Automotive Transmission Fuel Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Gasoline
• Diesel
• Others

Automotive Transmission Vehicle Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Passenger Cars
• LCVs
• HCVs

Automotive Transmission Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Rest of the World

List of Key Players in Automotive Transmission Market

• Aisin Seiki Co., Ltd.
• Allison Transmission, Inc.
• BorgWarner Inc.
• Continental AG
• Eaton Corporation PLC
• Getrag
• GKN PLC
• Jatco Ltd.
• Magna International, Inc.
• ZF Friedrichshafen AG

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.