Plate & Frame Heat Exchangers Market Poised to Garner Maximum Revenues During 2024– 2030: Grand View Research Inc.

 Plate & Frame Heat Exchangers Market Growth & Trends

The global plate & frame heat exchangers market is anticipated to reach USD 8.80 billion by 2030 and is anticipated to expand at a CAGR of 6.1% during the forecast period of 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid growth in the chemical & petrochemical industries coupled with rapid industrialization in the Asia Pacific region are expected to propel the market demand in the coming years.

According to the India Brand Equity Foundation (IBEF), the pharmaceuticals industry is recognized as the sunrise sector for the economy of the country in the Union Budget-2022. It is predicted to triple in size in the next few years. According to the Economic Survey for 2021–2022, the pharmaceutical industry in India is projected to reach USD 65 billion by 2024. The growth of the industry in the country can be attributed to the leadership of domestic manufacturers that offer generic pharmaceutical formulations. Thus, the growing pharmaceuticals industry in India is expected to lead to surged demand for plate & frame heat exchangers market used in it during the forecast period.

Most processes in the petrochemical industry involve high pressure and temperature, thereby necessitating the optimization of heat transfer as well as the enhancement of energy savings. Factors such as the type of fluid heated or cooled govern the choice of reactor design in petrochemical production facilities. Temperature control plays a key role in the petrochemical production process to minimize the formation of undesired by-products. This necessitates the requirement for heat exchangers such as plate & frame heat exchangers to enhance productivity and reduce energy loss in the reactors.

The plate & frame heat exchanger is an essential part of the power generating units and plants as it is required for the evaporation of working fluids, condensation of working fluids, extraction of heat, cooling of lube oil, and cooling of motor cooling water. The heat exchanger is a low-cost, effective, and efficient means of heat transfer. The European Union is installing new power generation plants to ensure efficient energy consumption, which is in line with the norms set by the European Parliament in 2009. The new and efficient heat exchangers, which are installed in the power generating plants, are expected to reduce the overall energy consumption. Such government initiatives are expected to drive the market growth over the forecast period.

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Plate & Frame Heat Exchangers Market Report Highlights

• Gasketed segment dominated the product segment with 56.4% share in 2023. The physical design of the gasket plate & frame heat exchanger allows easy removal of plates for expansion, cleaning, or replacement, which further reduces the maintenance cost. As gasketed plate & frame heat exchangers are easy to clean, they are typically utilized for pharmaceutical and food processing, where a high degree of sanitation is required.
• Welded plate & frame heat exchangers are similar to gasketed ones; however, in the case of welded heat exchangers, the plates are welded together. Welded plate & frame heat exchangers are ideal for transferring fluids containing corrosive materials with high temperatures as these heat exchangers are extremely durable.
• Plate & frame heat exchangers are used in the chemical processing industry (CPI) on account of their properties, such as design flexibility and high corrosion resistance. Their properties provide them with the ability to handle fluids having varying levels of solids. These heat exchangers are majorly used in the production processes of sulfuric acid, nitric acid, phosphoric acid, and urea.
• Asia Pacific dominated the market owing to the increasing investments in the chemical sector and the growing manufacturing sector.
• Market players operating in the market Alfa Laval, Danfoss, Kelvion Holding GmbH, Guntner GmbH & Co. KG, Xylem, Inc., API Heat Transfer, Inc., Hisaka Works Limited, HRS Heat Exchangers, SPX Flow, Inc.
• In May 2023, the Brazed & Fusion Bonded Heat Exchangers Business Unit of Alfa Laval revealed plans to boost the manufacturing of brazed plate heat exchangers in response to growing demand during the continuous global energy transition.

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Plate & Frame Heat Exchangers Market Segmentation

Grand View Research has segmented the global plate & frame heat exchangers market based on product, end-use, and region:

Plate & Frame Heat Exchangers Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Brazed
• Gasketed
• Welded
• Others

Plate & Frame Heat Exchangers End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Chemical
• Food & Beverage
• HVAC & refrigeration
• Oil & Gas
• Power Generation
• Pulp & Paper
• Others

Plate & Frame Heat Exchangers Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Plate & Frame Heat Exchangers Market

• Alfa Laval
• Danfoss
• Kelvion Holding GmbH
• Guntner GmbH & Co. KG
• Xylem, Inc.
• API Heat Transfer, Inc.
• Hisaka Works Limited
• HRS Heat Exchangers
• SPX Flow, Inc.
• SWEP International AB

About Grand View Research

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

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

Commercial Drone Market Growth & Trends

The global commercial drone market size is expected to reach USD 57.16 billion by 2030, expanding at 13.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising demand for commercial drones across various verticals, such as media and entertainment, agriculture, logistics, security, law enforcement, and real estate. Most end-use verticals include a significant portion of operational activities that are expected to benefit notably from drones due to the automation of business operations.

The growing proclivity for the 5G delivery model and implementing cloud computing technologies into the drone is expected to provide substantial growth opportunities for the commercial drone industry. Drones based on high-speed internet interact in challenging environments while performing tasks such as command and control, media sharing, and autonomous flying. In May 2023, Nokia launched a CE-certified, 5G drone-in-a-box solution designed to meet organizational demands, including smart cities, public safety agencies, construction, energy, and defense. The Nokia Drone Networks connect over public and private 5G and 4G/LTE networks to improve situational awareness for first responders as well as other professionals.

The continued technological advancements are expected to shape the commercial drone industry's outlook in the coming years. Drones have evolved from offering only the basic controls to 3D robotics, AI, Gimbals, safety modes, carrying capacity, high-quality video, etc. High-end drones equipped with in-build protections and compliance technology, self-monitoring capabilities, and smart precision sensors are expected to create new opportunities in the commercial sectors.

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Commercial Drone Market Report Highlights 

• Asia Pacific accounted for the highest market share of almost 30% in 2022. The factors such as supportive legislation and the increasing adoption of commercial drones by government authorities are expected to drive the regional market growth over the forecast period
• In terms of product, the fixed-wing segment is expected to witness significant growth at a CAGR of around 14% over the forecast period due to the increasing demand for mapping and surveying applications
• In terms of application, the precision agriculture segment is anticipated to witness substantial growth, as drones find important usage in various vital farm operations, including examination and preparation of crop plantation and field monitoring to regulate the growth and health of crops
• In terms of end-use, the delivery & logistics segment is expected to record a CAGR of over 17% from 2023 to 2030 with the increasing adoption of drones for cargo, medicines, and food delivery

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Commercial Drone Market Segmentation

Grand View Research has segmented the global commercial drone market based on product, application, end-use, propulsion type, range, operating mode, endurance, maximum takeoff weight, and region:

Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Fixed wing
• Hybrid
• Rotary blade

Commercial Drone Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial
  • Filming & Photography
  • Inspection & Maintenance
  • Mapping & Surveying
  • Precision Agriculture
  • Surveillance & Monitoring
  • Others
• Government & Law Enforcement
  • Firefighting & Disaster Management
  • Search & Rescue
  • Maritime Security
  • Border Patrol
  • Police Operations
  • Traffic Monitoring
  • Others

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

• Agriculture
• Delivery & Logistics
• Energy
• Media & Entertainment
• Real Estate & Construction
• Security & Law Enforcement
• Others

Commercial Drone Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

• Gasoline
• Electric
• Hybrid

Commercial Drone Range Outlook (Revenue, USD Million, 2018 - 2030)

• Visual Line of Sight (VLOS)
• Extended Visual Line of Sight (EVLOS)
• Beyond Visual Line of Sight (BVLOS)

Commercial Drone Operating Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Remotely Piloted
• Partially Piloted
• Fully Autonomous

Commercial Drone Endurance Outlook (Revenue, USD Million, 2018 - 2030)

• <5 Hours
• 5 - 10 Hours
• >10 Hours

Commercial Drone Maximum Takeoff Weight Outlook (Revenue, USD Million, 2018 - 2030)

• <25 Kg
• 25 - 500 Kg
• >500 Kg

Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Ireland
  • Sweden
  • Denmark
  • Norway
  • Finland
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • UAE
  • South Africa 

List of Key Players in the Commercial Drone Market

• Aeronavics Ltd.
• AeroVironment Inc.
• Autel Robotics
• SZ DJI Technology Co Ltd
• Draganfly Innovations Inc.
• Guangzhou EHang Intelligent Technology Co. Ltd
• Intel Corporation
• Parrot Drones SAS
• PrecisionHawk Inc.
• YUNEEC International

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.

Metal Forging Market to Expand at a CAGR of 7.7% Through 2030: Grand View Research Inc.

 Metal Forging Market Growth & Trends

The global metal forging market size is expected to reach USD 145.44 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.7% during the forecast period. Rising awareness about climate change and increasing investment in renewables, especially in wind and hydro, by governments is expected to boost the consumption of forged components. Thus, this investment is expected to propel the product demand during the forecast period. For instance, in October 2021, the U.S government unveiled plans to build up to 7 major offshore wind farms. The government is targeting to produce 30 gigawatts of wind power by 2030.

Similarly, in April 2022, the government of the country announced that it is planning to develop a 40 GW offshore wind project by 2050 that is expected to spread over 50 wind farms.Metal forging is the process, in which metals are shaped and formed using compressive force. These forces are applied using pressing, hammering, and rolling. Increasing demand for the product in various industries, such as power, construction, agriculture, marine, and aerospace, is anticipated to augment the market growth.Based on raw material, carbon steel accounted for the largest revenue share in 2021 and it is expected to maintain its dominance throughout the forecast period.

The growth is attributed to the properties of the material as the product often has a tight grain structure, which makes it mechanically strong to withstand friction. Also, carbon steel is cheaper than its counterparts.Construction is anticipated to expand at a steady CAGR, in terms of revenue, during the forecast period. The growth is attributed to increasing government investment in the construction sector to untangle the negative impact created by the COVID-19 pandemic.In November 2021, the Italian government came up with a new recovery and resilience plan to foster economic growth by 1.5 to 2.5% by 2026. The government is expected to invest in the construction of public buildings, renewable energy, and waste & water management.

In 2021, Asia Pacific was the largest regional market, in terms of revenue as well as volume. China and India were the largest consumers of metal forgings in 2021 in the APAC region. The rising demand for forged products from various application industries, such as construction, automotive, and energy, has pushed product consumption in the region.The global metal market is highly competitive. The rising demand for forged products has forced key manufacturers to opt for merger & acquisition strategies. For instance, in June 2021, Bharat Forge, a leading forging company in India announced that they have acquired Sanghvi Forging & Engineering Ltd.

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Metal Forging Market Report Highlights

• The aluminum raw materials segment is anticipated to register the fastest CAGR during the forecast period due to the high demand for lightweight materials from industries, such as aerospace, power generation, and automotive
• The aerospace application segment is expected to grow at a steady CAGR during the forecast period due to the high demand for air travel owing to changes in social behavior, which, in turn, is boosting aircraft production
• North America is expected to register a CAGR of 4.7%, in terms of volume, from2022 to 2030. Increasing investment in the construction & infrastructure industry and demand for renewables is driving the regional market
• The agriculture application segment is expected to register a significant CAGR, in terms of revenue, during the forecast period
• Steady demand for farm equipment in countries, such as India and Brazil, is likely to support market growth in the coming years

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Metal Forging Market Segmentation

Grand View Research has segmented the global metal forging market based on raw material, application, and region:

Metal Forging Raw Material Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• Carbon Steel
• Alloy Steel
• Aluminum
• Magnesium
• Stainless Steel
• Titanium
• Others

Metal Forging Application Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

• Automotive
• Transportation
• Aerospace
• Oil & Gas
• Construction
• Agriculture
• Power Generation
• Marine
• Others

Metal Forging Regional Outlook (Volume, Kilotons, Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of the Metal Forging Market

• Arconic
• ATI
• Bharat Forge
• Bruck GmbH
• China First Heavy Machinery Co., Ltd.
• ELLWOOD Group, Inc.
• Jiangyin Hengrun Heavy Industries Co., Ltd.
• Nippon Steel Corp.
• Precision Castparts Corp.
• Kovárna VIVA
• Larsen & Toubro Ltd.
• Scot Forge Company
• thyseenKrup 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.

Fitness App Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing by 2030

Fitness App Market Growth & Trends

The global fitness app market is expected to reach USD 4.80 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 17.7% from 2024 to 2030. Fitness is one of the key segments in IT industry, which has exhibited immense growth since last decade in the U.S. This can be attributed to a range of factors, such as increasing awareness regarding benefits of wearable devices, growing spending power of the middle-income household, and people spending more time online. The growing penetration of smartphones and tablets across all demographics has resulted in high adoption of fitness apps. Some apps offer customized services based on body physiology and requirements.

Increasing applications of smartphones, such as telemedicine, remote disease management, Health Management Information Systems (HMIS), and others, are expanding the scope of IoT, especially in healthcare. Technological advancements in smartphone technology for improving disease diagnosis are anticipated to drive the growth of IoT in healthcare market. Moreover, smartphones offer ease of use and portability, making them an optimal solution for monitoring and diagnostic services, and large storage capacity. Growing affordability and reduced hardware costs drive the demand for smartphones in the market, which is expected to drive the growth of healthcare IoT solutions.

Asia Pacific is considered the fastest-growing region for fitness apps market. Growing adoption of smartphones by consumers contributes to the growth of various mHealth applications in the market. Continuous improvement in the network infrastructure and growing network coverage boosts the demand for mobile health services. Mobile network operators view mHealth as a beneficial opportunity for investment with the growing user adoption of smartphones coupled with rising awareness about health, nutrition, and diet.

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Fitness App Market Report Highlights

• Exercise & weight loss emerged as leading type segment in 2023 with a revenue share of 54.43% in the global marketowing to the increasing instances of obesity.
• By platform,iOS segment accounted for the largest revenue share in 2023owing to the increased adoption of this platform, especially, in countries such as Egypt, India, Brazil, Ireland, Portugal, Turkey, and South Africa.
• Based on device,smartphones accounted for the largest revenue share in 2023, whereas wearable is projected to expand at fastest CAGR during the forecast period.
• North America accounted for the largest share due to high penetration of smartphones, increasing awareness pertaining to health and wellness, and availability of several fitness apps.

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Fitness App Market Segmentation

Grand View Research has segmented the fitness app market on the basis of type, platform, and device:

Fitness App Type Outlook (Revenue, USD Million, 2018 - 2030)

• Exercise & Weight Loss
• Diet & Nutrition
• Activity Tracking

Fitness App Platform Outlook (Revenue, USD Million, 2018 - 2030)

• Android
• iOS
• Others

Fitness App Device Outlook (Revenue, USD Million, 2018 - 2030)

• Smartphones
• Tablets
• Wearable Devices

Fitness App Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Fitness App Market

• Adidas
• Appster
• FitnessKeeper
• Fitbit, Inc.
• Azumio, Inc.
• MyFitnessPal Inc.
• Noom
• Nike
• Under Armour, Inc.
• WillowTree, Inc.
• Polar Electro
• Kayla Itsines
• Google
• Fooducate
• ASICS America 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.

Expansion of Personal Mobility Devices Market During 2023– 2030 to Gain Robust Traction: Grand View Research Inc.

 Personal Mobility Devices Market Growth & Trends

The global personal mobility devices market size is expected to reach USD 17.97 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2023 to 2030. The increasing R&D investments for the development of advanced mobility products and government initiatives to support reimbursement policies are some of the key factors boosting the market growth. The rising geriatric population and prevalence of chronic diseases, such as Parkinson’s, arthritis, and Alzheimer’s, are expected to drive the market over the forecast period.

The market is disrupted due to the COVID-19 pandemic during the second quarter of 2020 which affected the shipping and transportation of the devices. The decreasing production of these devices due to the pandemic has severely affected the industry's growth. The prices of wheelchairs and scooters have also been affected due to a decrease in the demand for the product. The market is likely to grow at a lucrative rate after the second half of 2020 as there is the ease of restrictions and an increase in the demand and requirement of the devices.

The rising number of surgical procedures, due to growing cases of cardiovascular and neurological cases and an increasing number of accidents and trauma cases, is contributing to the market growth. The regional market will retain its leading position throughout the forecast years. Developing healthcare infrastructure and growing healthcare expenditure are some of the factors contributing to its large share. Asia Pacific is expected to register the fastest CAGR during the forecast period due to the rising demand for personal mobility devices as a result of the growing geriatric population and increasing disposable income and awareness levels.

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Personal Mobility Devices Market Report Highlights

• Wheelchairs was the largest product segment in 2022 owing to an increase in demand for powered wheelchairs, especially in developed countries, such as U.S., Canada, and U.K.
• North America dominated the global market in 2022 due to increased healthcare expenditure and the geriatric population in the region
• The Asia Pacific is expected to be the fastest-growing regional market during the forecast period owing to the rising geriatric population and increasing disposable income levels
• Major market players are adopting various strategies to gain a competitive edge over others
• Some of these strategies include strategic alliances with buyers and the development of advanced devices via extensive R&D investments

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Personal Mobility Devices Market Segmentation

Grand View Research has segmented the global personal mobility devices market based on product and region:

Personal Mobility Devices Product Outlook (Volume, K Units; Revenue, USD Million, 2018 - 2030)

• Walking Aids
  • Rollators
    • Premium Rollators
    • Low-Cost Rollators
  • Others (Canes, Crutches, and Walkers)
• Wheelchairs
  • Manual wheelchairs
  • Powered Wheelchairs
• Scooters

Personal Mobility Devices Regional Outlook (Volume, K Units; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Personal Mobility Devices Market

• Drive DeVilbiss Healthcare
• GF Health Products, Inc.
• Invacare Corporation
• Carex Health Brands, Inc.
• Kaye Products, Inc.
• Briggs Healthcare
• Medline Industries, Inc.
• NOVA Medical Products
• Performance Health
• Rollz International

About Grand View Research

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

U.S. Contraceptive Market Size Is Expected To Reach $12.4 Billion by 2030

 U.S. Contraceptive Market Growth & Trends

The U.S. contraceptive market size is expected to reach USD 12.4 billion by 2030 registering a CAGR of 5.16%, according to a new report by Grand View Research, Inc. Improving access and awareness regarding Long-Acting Reversible Contraceptives (LARCs) and the effectiveness and convenience of using these products are expected to drive the growth of the industry. The Guttmacher Institute reported that 60% of women belonging to the reproductive age use contraception in the U.S. Use of hormonal contraceptives other than the birth control pill has significantly increased in married women.

The increasing availability of contraceptives in the U.S. has improved several aspects of society such as education, career opportunities, and poverty for women. Access to modern methods of contraception has significantly improved career opportunities and allowed women to earn wages at par with men. Moreover, it has also reduced the number of women living in poverty due to unintended pregnancies and the high costs associated with raising a child. The legalization of family planning in the majority of the states has reduced the economic burden for the next generation as there has been a substantial reduction in the number of citizens living in poverty as adults.

The onset of the COVID-19 pandemic has showcased a negative impact on the market partially offsetting the initiatives by manufacturers. Short-term contraceptives such as birth control pills and condoms require re-prescription filling and frequent purchase, which may increase the risk of exposure to the virus. Thus, usage of these products has been limited during the pandemic. Moreover, the availability and distribution of contraceptives at public healthcare centers have been impacted in the U.S. Unemployment and loss of insurance that covers expenses of contraceptives in the U.S. are also anticipated to limit usage during the COVID-19 pandemic.

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U.S. Contraceptive Market Report Highlights

• The prevalence of teenage pregnancies is highest in the U.S. Government initiatives, such as improving sex education and increasing access to contraceptives, is expected to boost the adoption of various birth control methods in the country
• In 2022, the pills segment held the largest market share owing to the convenience of use and easy availability. The contraceptive pills market in the country is highly competitive due to the presence of generic products
• The rapid growth of subdermal implants in the U.S. contraceptive market is anticipated in the coming years. The subdermal implants market is highly consolidated with the presence of very few players
• The shutdown of manufacturing units in China and Southeast Asian countries during the early stages of the COVID-19 pandemic led to shortages of products such as condoms and implants.
• The operations of market players are affected by generic competition, industry consolidation, competitive combination products, new information from clinical trials of marketed products, and patents granted to competitors’ new products, among others.
• Key companies in this market are focusing more on M&A and product development to gain a competitive edge over others. In February 2020, TherapeuticsMD, Inc. entered into an agreement with Afaxys Pharma, LLC to increase access to ANNOVERA in the U.S. public health sector

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U.S. Contraceptive Market Segmentation

Grand View Research has segmented the U.S. contraceptive market on the basis of product:

U.S. Contraceptive Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Pills
• Intrauterine Devices (IUD)
  • Hormonal IUD
  • Nonhormonal IUD
• Condoms
  • Male Condoms
  • Female Condoms
• Vaginal Ring
• Subdermal Implants
• Injectable
• Others

List of Key Players of the U.S. Contraceptive Market

• Church & Dwight Co., Inc.
• Reckitt Benckiser Group Plc
• Veru, Inc.
• Organon Group Of Companies
• Pfizer, Inc.
• Teva Pharmaceutical Industries Ltd.
• The Cooper Companies, Inc.
• Mayer Laboratories, Inc.
• Agile Therapeutics
• TherapeuticsmMD, Inc.
• Bayer Ag
• Afaxys, Inc.
• Mithra Pharmaceuticals
• Abbvie

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.

Metal Powder Market Set to Surge Significantly During 2024-2030: Grand View Research Inc.

 Metal Powder Market Growth & Trends

The global metal powder market size is anticipated to reach USD 10.18 billion by 2030 and is projected to grow at a CAGR of 7.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growth of the aerospace & defense market is anticipated to propel the demand for products across the forecast period.

A wide range of metals, including magnesium, aluminum, titanium, and nickel, are used in the aerospace industry. These materials are ideal for lighter structural elements due to their high strength to weight ratio. Thus, it is widely used in the production of aircraft and spacecraft components, like engines, turbines, heat exchangers, rocket snores, or structural elements.

Based on technology, the press & sinter held the largest revenue share of the market in 2023. Due to cost-effective nature of this technology, it is widely used in the market. Also, it is capable of manufacturing relatively complex designs/components. Rising demand for automotive parts is expected to drive growth of this segment.

Based on material, ferrous-based is anticipated to register a growth rate of 6.4%, in terms of revenue, over the forecast period. Ferrous-based products have become a major component of tools, cars, electrical appliances, firearms, and buildings due to their reduced cost and strong tensile properties. It is, therefore, expected that the segment will continue to have a dominant position over the forecast period.

Based on region, North America is anticipated to register a growth rate of 6.5% in terms of revenue over the forecast period. The penetration of AM and MIM in the sectors of aerospace & defense, medical research, and automotive can be attributed to a growing demand for metal powders in North America.

The market witnesses intense competition owing to the growing demand for metal powder. Key players are using mergers and acquisitions activity across the globe. For instance, in November 2023, 6K Additive acquired Global Metal Powder company. This acquisition is expected to help the company in expansion of refractory powder production and sustainable product development.

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Metal Powder Market Report Highlights

• Based on region, Asia pacific is expected to register growth rate of 7.2% across the forecast period. The promotion of private investments by various governments is projected to boost the manufacturing sector in the region, which, in turn, is expected to propel the market growth.
• Based on technology, additive manufacturing is expected to register growth rate of 15.5% in terms of revenue across forecast period. The growth of the technology is attributed to increasing demand for AM from aerospace industry to manufacture complex parts efficiently.
• Based on application, healthcare segment is expected to register fastest growth. Countries are investing in the medical industry by placing emphasis on modernization of hospitals and advancement of technology, in order to make healthcare more affordable.
• Based on the application, automotive industry held the largest revenue share in 2023. Automotive is one of the major consumers of metal powder, wherein various components are manufactured using, AM, press & sinter, HIP, and MIM processes.

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Metal Powder Market Segmentation

Grand View Research has segmented the Metal Powder Market on the basis of material, technology, application, and region.

Metal Powder Material Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Ferrous
• Non-ferrous

Metal Powder Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Press & Sinter
• Metal Injection Molding
• Additive Manufacturing
• Others

Metal Powder Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Automotive
• Aerospace & defense
• Healthcare
• Other applications

Metal Powder Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

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

List of key Players in the Metal Powder Market

• Advanced Technology & Materials Co., Ltd
• CRS Holdings Inc.
• GKN PLC
• Hoganas AB
• MolyWorks Materials Corporation
• POLEMA
• Rio Tinto Metal Powders
• Rusal
• Sandvik AB

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 Power Market Expected To Trigger A Revenue To $15.01 Billion By 2030: Grand View Research, Inc.

 Data Center Power Market Growth & Trends 

The global data center power market size is expected to reach USD 15.01 billion by 2030, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 8.0% during the forecast period. The shift in focus of end-users towards colocation and hyper-scale data centers is the key driving the industry growth. In addition, increasing establishments of such facilities of data centers are expected to result in a rise in demand for data center power equipment during the forecast period. The industry has been significantly impacted by the COVID-19 pandemic. A rapid growth in the datasets used & generated by several companies and individuals has resulted in a rise in data storage demand.

Globally, data centers consume around 1 to 1.25% of the total energy generated. Thus, many data center designers are adopting management solutions and advanced distribution of power to attain energy efficiency at lower Power Usage Effectiveness (PUE) ratios. This goal to reduce the PUE ratio is expected to further fuel the demand for intelligent and advanced products during the forecast period. An Uninterrupted Power Supply (UPS) is the backbone of data centers and is deployed for the smooth working of servers and other networking devices. Moreover, the cost of UPS is significantly higher than any other data center power product. Furthermore, most data centers use smart UPS systems, battery monitoring devices, and intelligent Power Distribution Systems (PDU) to reduce the PUE ratio.

Thus, increasing penetration of these new devices is expected to boost the demand for UPS during the forecast period. Many mega data centers in North America engage in procuring renewable energy sources for data center operations. Tier 1 and 2 facilities are anticipated to witness the espousal of basic PDUs. However, the adoption of intelligent infrastructure with power monitoring ability is expected to witness growth owing to rising concerns about power consumption, particularly in the U.S. However, the rise in complexity of data center design, high initial investment costs, and interoperability issues are expected to hinder the growth of the industry.

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Data Center Power Market Report Highlights

• The UPS segment led the industry in 2022 due to the adoption of co-location and the rising demand for energy in data centers
• The PDU segment is expected to expand at a significant CAGR from 2023 to 2030 due to the rising need for intelligent PDUs
• The IT & telecom industry emerged as the fastest-growing end-use segment in 2022. Over the forecast period, the demand is likely to be driven by a significant increase in the expansion and building of IT infrastructure
• North America accounted for the maximum revenue share in 2022 and is anticipated to continue its dominance over the forecast period
• This is due to the increasing number of data centers in the U.S. In addition, the region has emerged as the hub for operators and cloud service providers owing to affordable utility rates and tax incentives

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

Data Center Power Market Segmentation

Grand View Research has segmented the global data center power market on the basis of product, end-use, and region:

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

• PDU
• UPS
• Busway
• Others

Data Center Power End-use Outlook (Revenue, USD Million, 2018 - 2030)

• IT & Telecommunications
• BFSI
• Government
• Energy
• Healthcare
• Retail
• Others

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

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

List of Key Players in the Data Center Power Market

• ABB
• Black Box
• Eaton
• General Electric
• Generac Power Systems, Inc.
• Huawei Technologies Co., Ltd.
• Legrand
• Rittal GmbH & Co. KG
• Schneider Electric
• 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.

Cardiovascular And Soft Tissue Repair Patches Market to Reach $7.8 Billion by 2030: Grand View Research Inc.

 Cardiovascular And Soft Tissue Repair Patches Market Growth & Trends

The global cardiovascular and soft tissue repair patches market size is expected to reach USD 7.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.4% from 2022 to 2030. The rapidly rising prevalence of congenital heart diseases, such as Atrial Septal Defect (ASD)and the ventricular septal defect is expected to drive the demand for the patches. In addition, increasing implementation of patches in medical procedures and growing sports injuries is expected to support the development and growth of the market over the forthcoming years. As per studies, ASD is the second most common type of congenital heart disease and the incidence rate across the global population is recorded to be 56 per 100,000 live births.

One of the key driving market forces is the rapidly rising prevalence of cardiovascular diseases. Changing lifestyles, growing obesity levels, adoption of unhealthy lifestyle habits, increasing alcohol consumption and smoking, and growing geriatric population are driving the incidence of cardiac disorders. As per World Health Organization estimates, cardiovascular diseases account for the largest share of 32% or 17.9 million deaths annually. As per the Centers for Disease Control and Prevention estimates, approximately 695,000 deaths in the U.S. are due to underlying cardiac diseases. Coronary heart diseases are recorded in the majority of cardiac disorder-related deaths. As per the Centers for Disease Control and Prevention estimates, coronary heart diseases accounted for 360,900 deaths in the U.S. in 2019.

Another key driving force supporting growth is the rising prevalence of hernias such as inguinal hernia, umbilical hernia, congenital diaphragmatic hernia, ventral hernia, and others. Some of the risk factors associated with hernias are heavy weight lifting, abdominal surgery, ascites, constipation, and chronic cough which increases the pressure on intra-abdominal regions resulting in abdominal hernias. Inguinal hernias are the commonest abdominal hernias and the incidence rate of inguinal hernia repairs in the U.K. is 10 per 100,000 individuals and in the U.S. are 28 per 100,000 individuals. Congenital diaphragmatic hernia is caused due to genetic factors and residual embryological channel defects. The abovementioned factors are driving the demand for patches in therapeutic procedures and wound care management.

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Cardiovascular And Soft Tissue Repair Patches Market Report Highlights

• The soft tissue repair segment dominated the market in 2021 due to the rapidly growing incidence rate of hernias across the globe
• The ePTFE segment dominated the market in 2021 owing to the multiple benefits associated with ePTFE, such as high durability, easy availability, and high tensile strength
• North America dominated the market in 2021 owing to the growing disease burden, advancing healthcare infrastructure, rising disposable income, and growing trend of minimally invasive surgeries

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cardiovascular-soft-tissue-repair-patches-market

Cardiovascular And Soft Tissue Repair Patches Market Segmentation

Grand View Research has segmented the global cardiovascular and soft tissue repair patches market on the basis of application, raw material, and region:

Cardiovascular And Soft Tissue Repair Patches Application Outlook (Revenue, USD Million, 2016 - 2030)

• Cardiac repair
  • Atrial Septal Defect
  • Common Atrium
  • Defects of the Endocardial Cushion
  • Ventricular Septal Defect
  • Tetralogy of Fallot
  • Right Ventricular Outflow Tract Reconstruction
  • Suture bleeding
• Vascular repair & reconstruction
  • Carotid endarterectomy
  • Anomalous Connection of the Pulmonary Veins
  • Transposition of the Great Vessels
  • Reconstruction of Portal and Superior Mesenteric Veins
  • Other Vascular Repair and Reconstruction
• Pericardial repair
• Dural repair
• Soft tissue repair
  • Defects of the Abdominal Wall
  • Defects of the Thoracic Wall
  • Gastric Binding
  • Hernias

Cardiovascular And Soft Tissue Repair Patches Raw Material Outlook (Revenue, USD Million, 2016 - 2030)

• ePTFE
• Biomaterial and tissue-engineered material
• Others

Cardiovascular And Soft Tissue Repair Patches Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players of Cardiovascular And Soft Tissue Repair Patches Market

• Baxter
• Admedus
• Abbott
• LeMaitre Vascular Inc.
• Edwards Life Sciences Corporation
• Glycar SA Pty Ltd.
• LabCor
• Cryolife, Inc.
• CorMatrix
• Terumo Medical Corporation
• Bard Peripheral Vascular Inc.
• Neovasc
• L. Gore & Associates, Inc.
• Braun
• Novomedics
• TEI Biosciences Inc.
• Perouse Medical
• Gunze Limited
• Atriummed
• Maverick Bioscience
• Southern Lights Biomaterials
• Integra LifeSciences 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.