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Thursday, 1 February 2024

Battery Market Insights Business Opportunities, Current Trends And Forecast 2030: Grand View Research Inc.

Battery Market Growth & Trends

The global battery market size is expected to reach USD 329.84 billion by 2030, registering a CAGR of 15.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Global battery market is expected to observe significant growth during the forecast period owing to the high use of UPS devices in healthcare, chemical, and oil & gas sectors for continuous power supply. This is expected to propel the growth of the battery market. Lead acid batteries are used in critical applications on account of their high reliability and low cost. However, lithium-ion battery is expected to capture a significant portion of the lead acid battery market during the forecast period on account of their low energy density and lightweight.

Lithium-ion led the battery market by product segment in 2022. The rising adoption of lithium-ion batteries in applications such as electric vehicles, consumer electronics, and energy storage systems is expected to augment the growth of the battery market during the forecast period. The reasons can be attributed to the high energy density and low maintenance properties. Nickel metal hydride and nickel-cadmium batteries are the next major segments in the global battery market.

Global electrification and energy storage are booming as a result of the recent shift from fossil fuels to renewable energy sources. The demand for batteries alone is expected to increase significantly due to the e-mobility industry. Lithium-ion battery solutions are expected to probably predominate in the near future, propelled by the EV industry.

Asia Pacific battery market is expected to grow significantly due to the rising demand for lead acid batteries and lithium-ion batteries brought on by the high power and electricity consumption as well as various amenities like UPS and telecom in nations like China, India, and Japan. The automotive industry in Japan is expanding more quickly than in other developed nations and is moving toward the use of SLI battery products. Due to the expanding automotive industry in China, India, and Malaysia, this trend is anticipated to continue. In addition, the presence of significant battery producers in China and Korea is expected to promote market growth.

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Battery Market Report Highlights

In terms of revenue, the Lithium-ion in product segment accounted for the largest share of the battery market with 40.77%, in 2022 and is further expected to dominate during the forecast period
The automobile sector emerged as the largest market share holder in the end-use segment due to the growing demand for lithium-ion batteries in electric vehicles
The industrial battery segment is anticipated to be the fastest-growing application segment owing to growing requirements for efficient power backup and energy storage systems in various industries such as power generation, chemical manufacturing, marine, recreation equipment, and agricultural machinery & equipment
In 2022, the Asia Pacific accounted for more than 55.67% share of the overall market owing to the expanding automotive industries in China, India, and Malaysia. In addition, the presence of significant battery producers in China and Korea is expected to promote market growth
Vendors operating in the market adopt various strategic initiatives to fuel the growth of the market. For instance; In November 2022, LG Chem announced an investment of USD 3.2 billion in 2023 to develop a cathode manufacturing plant in Clarksville, Tennessee, U.S.

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

Battery Market Segmentation

Grand View Research has segmented the global battery market report based on the product, end-use, application, and region:

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

Lead Acid
Lithium Ion
Nickel Metal Hydride
Nickel Cadmium
Lithium Titanate Oxide (LTO)
Others

Battery End-use Outlook (Revenue, USD Billion 2018 – 2030)

Aerospace
Automobile
Electronics
Energy Storage
Military & Defense
Others

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

Automotive Batteries
Industrial Batteries
Portable Batteries

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

North America
- US.
- Canada
- Mexico
Europe
- Germany
- UK.
- France
- Italy
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
Central and South America
- Brazil
- Paraguay
- Colombia
Middle East and Africa
- Saudi Arabia
- UAE
- South Africa

List of Key Players in the Battery Market

A123 Systems LLC
BYD Company Ltd.
GS Yuasa International Ltd.
Hitachi, Ltd.
Johnson Controls
LG Chem
NEC Corporation,
Panasonic Corporation
Samsung SDI Co., Ltd.
Toshiba 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.

Oral Care Market Size Projected to Rise Lucratively during 2022 to 2030: Grand View Research Inc.

Oral Care Market Growth & Trends

The global oral care market size is expected to reach USD 58.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2022 to 2030. Growing cases of dental caries and rising awareness among people regarding oral hygiene have contributed to the market growth. According to FDI World Dental Federation, oral diseases affect around 3.5 billion people worldwide and it is estimated that around 2.3 billion people suffer from dental caries (tooth decay) of permanent teeth, globally. The lack of a proper diet is one of the leading factors contributing to the increase in the number of dental problems worldwide. Proper brushing of the teeth using toothpaste containing fluoride and a toothbrush can hinder dental problems to a significant extent, thereby creating demand for these products.

Various awareness programs initiated by major players have led to increased awareness regarding oral hygiene among people of both developed as well as developing countries. For instance, the BRIGHT SMILES, BRIGHT FUTURES program by Colgate-Palmolive Company has been proactively involved in providing dental screenings and spreading oral health education with over billions of children and their families in many countries benefited from it. Thus, such support and initiatives have played a significant role in creating awareness among consumers worldwide about the importance of oral and dental hygiene. Furthermore, bringing new products into the market is another significant driver influencing the demand for oral care products. The launch of advanced products, such as powered toothbrushes and toothpaste, has transformed the market. In December 2020, P&G’s Crest, Oral-B, and Blend-a-med announced the launch of its first-ever recyclable high-density polyethylene toothpaste tubes in Europe and North America.

The COVID-19 pandemic has significantly affected the market. Initially, due to lockdown and global restrictions being imposed in most countries, many dental treatments and procedures were halted. The COVID-19 pandemic initially caused a massive disruption in the supply chain of the overall medical industry. However, leading personal care players such as Colgate-Palmolive Company; Johnson & Johnson Services, Inc.; and Procter & Gamble witnessed a rise in their sales from the oral care segment as consumer focus on hygiene is growing.

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Oral Care Market Report Highlights

In 2021, the toothpaste product segment dominated the market with a revenue share of over 25.0% due to the increase in the number of people using different forms of toothpaste
The toothbrush product segment is expected to grow at the fastest rate during the forecast period. The availability of a wide range of advanced and innovative products, such as battery-powered and electric toothbrushes, is fueling the segment growth
The Asia Pacific held the largest market share in 2021 and is also projected to be the fastest-growing segment during the forecast period. This is due to the rising awareness about oral health among people in developing countries, such as India and China
Leading players are coming up with easy-to-use and innovative oral care products, which has increased the adoption of oral care products at home

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

Oral Care Market Segmentation

Grand View Research has segmented the global oral care market based on product, product type, application, distribution and region:

Oral Care Product Outlook (Revenue, USD Million, 2018 - 2030)

Toothbrush
- Manual
- Electric (Rechargeable)
- Battery-powered (Non-rechargeable)
- Others
Toothpaste
- Gel
- Polish
- Paste
- Powder
Mouthwash/Rinse
- Medicated
- Non-medicated
Denture Products
- Cleaners
- Fixatives
- Floss
- Others
Dental Accessories
- Cosmetic Whitening Products
- Fresh Breath Dental Chewing Gum
- Tongue Scrapers
- Fresh Breath Strips
- Others
  - Oral Irrigators
  - Mouth Freshener Sprays

Oral Irrigator Product Type Outlook (Revenue, USD Million, 2018 - 2030)

Countertop
Cordless

Oral Irrigator Application Outlook (Revenue, USD Million, 2018 - 2030)

Home
Dentistry

Oral Irrigator Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

Hypermarkets/Supermarkets
Specialty Stores
Drug Stores & Pharmacies
Convenience Stores
Online Retailers
Other Sales Channel

Oral Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America
- US.
- Canada
Europe
- Germany
- UK.
- France
- Italy
- Spain
- Russia
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Thailand
- Malaysia
- Singapore
- Indonesia
Latin America
- Brazil
- Mexico
- Argentina
MEA
- South Africa
- Saudi Arabia
- UAE

List of Key Players of the Oral Care Market

Procter & Gamble Company
Johnson & Johnson Services, Inc.
Colgate-Palmolive Company
GlaxoSmithKline plc.
Church & Dwight Co., Inc.
Fresh, LLC
Dentaid
Lion Corporation
Sunstar Suisse S.A.
Henkel AG & Co. KGaA
Unilever PLC
DABUR INDIA LTD.
ULTRADENT PRODUCTS

About Grand View Research

Europe Nutrition And Supplements Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

Europe Nutrition And Supplements Market Growth & Trends

The Europe nutrition and supplements market size is expected to reach USD 109.89 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.0% from 2023 to 2030. The growing inclination of the European population towards fitness and health is a key factor driving the market. The demand for enriched foods, functional foods, and nutritional supplements across European countries has also risen. The newfound interest in preventative health using supplementation and functional foods has also contributed significantly to the growth.

The high prevalence of diseases like diabetes, cardiovascular diseases, and other chronic diseases has urged people to follow a healthier lifestyle and incorporate nutrient-rich food, using nutritional supplements as well as immunity-boosting supplements. The COVID-19 pandemic resulted in a sudden spike in this department. The sales reached exponentially high values as compared to previous years and this was a key factor driving the market.

Sports nutrition and other nutritional supplements have been gaining a lot of popularity in recent years. Fitness and well-being have become a priority for combating lifestyle diseases and leading healthy lives. Holistic nutrition has also been in trend and is also contributing to the growth of the European market. With the opening of new fitness centers and gyms post COVID restrictions, the engagement in sports activities is increasing and has also led to the increased consumption of sports nutrition supplements like protein shakes and weight loss products, thus significantly contributing to the market growth.

The functional foods and beverages product segment consisting of probiotics, omega-3, and others dominated the market in 2021. The rise in demand for these products has been largely due to their multifarious benefits and their promotion on social media platforms through influencers and fitness enthusiasts. The sports nutrition category has been gaining a lot of traction owing to an increase in interest in maintaining a healthy and active lifestyle as a preventative measure to avoid lifestyle diseases. As per Europa, the physically active population across Europe was about 54% in the recent Eurobarometer survey. This has been a key factor fueling the growth of the European market.

Powder formulation was the largest segment in 2021. High product density in the European market, ease of consumption, and benefits of high absorption rates are fueling the growth in the segment. The majority of the sports nutrition segment has product offerings in powder formulation, which has also contributed significantly to the growth. The capsules segment is expected to witness lucrative growth in the forecast period due to the advantages like low chances of GI tract irritability, ease of consumption, and unlike powder formulations, doses can be changed as per needs.

The adult consumer group segment dominated the market in 2021. The growing interest in health and fitness and a keen interest in avoiding potential lifestyle diseases have been the key growth drivers. The adult population’s susceptibility to developing disorders and diseases has also led to the increased consumption of supplements, thus driving the segment. The geriatric consumer group segment is expected to grow owing to the need for nutrient supplementation for combating deficiencies and maintaining a healthy diet. These have been key factors fueling the growth of the market in Europe.

The brick-and-mortar sales channel accounted for the largest revenue share of over 70.0% in 2021. The pandemic saw a massive spike in the sales of nutrition supplements through both online and retail sales. The majority of the consumers have been shifting towards online purchases of supplements. This paradigm shift has made the e-commerce platform the fastest-growing channel for distribution in Europe. The key market player strategies for increasing sales have been towards using online sales channels to reach a wider population base, which eventually has contributed to the growth of the nutrition supplements market.

The rest of Europe had the largest revenue share in 2021. Countries like Sweden and Norway are increasingly becoming leading markets for nutritional supplements and associated products. Increasing demand for veganism and natural foods has been leading the market towards growth. Other countries the U.K., Germany, and Italy have also been registering increasing demand for nutritional supplements. The Italian population has been increasingly using dietary supplements and the interest in functional foods has risen. Due to this, the sales have skyrocketed, resulting in a massive growth of the market in the country. The increase in the number of elderly people in these countries and the rising demand for dietary supplements and functional foods as a means to a healthy lifestyle have been the key factors fostering the growth of the market.

The COVID-19 pandemic has immensely contributed to the growth of the nutrition and supplements market in Europe. Western Europe, which was highly impacted due to COVID, along with other regions saw a monumental increase in sales of immune-boosting supplements, vitamins, and other nutrition supplements. A survey conducted by the Italian Association of Health Products Manufacturers and Distributors showed a peak in online sales, amounting to $1.17 billion during the pandemic.

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Europe Nutrition And Supplements Market Report Highlights

The functional foods and beverages product segment accounted for the largest revenue share of 55.4% in 2022. The demand for these products has risen significantly owing to a shift in people’s consciousness toward health
The powder formulation segment held the largest revenue share of over 38% in 2022. The wide range of products available in the powder form for consumption across all age groups is driving this segment
The adults' consumer group segment captured the largest revenue share of around 51% in 2022 owing to an increase in awareness regarding health as well as the adoption of nutrient supplementation to avoid lifestyle or deficiency-related diseases
The e-commerce sales channel segment is expected to emerge as the fastest-growing segment over the forecast period owing to strategic initiatives undertaken by companies to boost product sales
The rest of Europe including countries like Sweden and Norway is leading the market. Italy, the U.K., and Germany are among other countries with the increasing consumption and demand for nutrition supplements across Europe

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-nutrition-supplements-market-analysis

Europe Nutrition And Supplements Market Segmentation

Grand View Research has segmented the Europe nutrition and supplements market on the basis of product, consumer group, formulation, sales channel, and country:

Europe Nutrition And Supplements Product Outlook (Revenue, USD Million, 2018 - 2030)

Sports Nutrition
- Sports Supplements
  - Protein Supplements
    - Egg Protein
    - Soy Protein
    - Pea Protein
    - Lentil Protein
    - Hemp Protein
    - Casein
    - Quinoa Protein
    - Whey Protein
      - Whey Protein Isolate
      - Whey Protein Concentrate
    - Vitamin
    - Minerals
      - Calcium
      - Potassium
      - Magnesium
      - Iron
      - Zinc
    - Amino Acids
      - BCAA
      - Arginine
      - Aspartate
      - Glutamine
      - Beta Alanine
      - Creatine
      - L-carnitine
    - Probiotics
    - Omega -3 fatty acids
    - Carbohydrates
      - Maltodextrin
      - Dextrose
      - Waxy Maize
      - Karbolyn
    - Detox Supplements
    - Electrolytes
    - Others
  - Sports Drinks
    - Isotonic
    - Hypotonic
    - Hypertonic
  - Sports Food
    - Protein Bars
    - Energy Bars
    - Protein Gels
  - Meal Replacement Products
  - Weight Loss Products
- Fat Burners
  - Green Tea
  - Fiber
  - Protein
  - Green Coffee
  - Others
- Dietary Supplements
  - Vitamins
    - Multivitamin
    - Vitamin A
    - Vitamin B
    - Vitamin C
    - Vitamin D
    - Vitamin E
  - Minerals
  - Enzymes
  - Amino Acids
  - Conjugated Linoleic Acids
  - Others
- Functional Foods & Beverages
  - Probiotics
  - Omega -3
  - Others

Europe Nutrition And Supplements Formulation Outlook (Revenue, USD Million, 2018 - 2030)

Tablets
Capsules
Powder
Softgels
Liquid
Others

Europe Nutrition And Supplements Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

Brick & Mortar
- Direct Selling
- Chemist/Pharmacies
- Health Food Shops
- Hyper Markets
- Super Markets
E-commerce

Europe Nutrition And Supplements Consumer Group Outlook (Revenue, USD Million, 2018 - 2030)

Infants
Children
Adults
- 21-30 years
- 31-40 years
- 41-50 years
- 51-65 years
Pregnant
Geriatric

Europe Nutrition And Supplements Country Outlook (Revenue, USD Million, 2018 - 2030)

UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway

List of Key Players of Europe Nutrition And Supplements Market

Amway
Bayer
Sanofi
Abbott
Nestle
Pfizer

About Grand View Research

Wednesday, 31 January 2024

Buy Now Pay Later Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

Buy Now Pay Later Market Growth & Trends

The global buy now pay later market size is projected to reach USD 38.57 billion by 2030, registering a CAGR of 26.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the high purchasing power offered by the Buy Now Pay Later (BNPL) platforms, coupled with benefits such as interest-free and convenient payments. On the other hand, an increase in the demand for delayed payments for online shopping and a surge in spending on high-cost products are expected to offer lucrative opportunities for the market over the forecast period.

Several BNPL solution providers are striking partnerships with other fintech companies to offer BNPL services efficiently. For instance, in July 2023, At Home, a prominent home furnishing store chain in the U.S., introduced a new financing option, Synchrony Pay Later, to offer customers a BNPL solution. Through this program, consumers can apply for interest-free loans to make convenient equal payments over three months for single purchases ranging from USD 75 to USD 400 without negatively impacting their credit scores. This initiative complements At Home's existing At Home Insider Perks credit card, which provides six-month special financing options for qualifying purchases at the store. By integrating Synchrony Pay Later, At Home aims to provide customers with flexible and accessible payment alternatives for a seamless shopping experience.

Moreover, several fintech companies are focusing on developing innovative BNPL features for local shoppers worldwide. For instance, in March 2021, Payflex announced the launch of the BNPL feature for local shoppers in South Africa. Through this launch, local consumers would be able to purchase items from 500 well-known stores such as Superbalist, Cotton-on, and many more.

The COVID-19 pandemic had a positive impact on the BNPL market. A myriad of unexpected issues stemming from lockdowns, restrictions on people and goods movement, social distancing measures, and the growing awareness of BNPL solutions prompted various companies to adopt BNPL solutions to provide a better customer experience. As a result, BNPL solution providers witnessed exponential growth in their customer base and transaction volumes. For instance, overall BNPL transactions on ZestMoney jumped 300% in 2021 compared to 2020.

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Buy Now Pay Later Market Report Highlights

In terms of channel, the POS segment is anticipated to register a significant CAGR over the forecast period. The availability of BNPL services at the POS provides a competitive advantage for retailers, as it can boost sales and increase customer loyalty. By offering BNPL as a payment option, retailers can attract more customers, particularly those who may have hesitated to purchase due to budget constraints or upfront payment requirements
Based on enterprise size, the small & medium enterprises (SMEs) segment is anticipated to register the fastest CAGR of 27.4% over the forecast period. SMEs are widely adopting the BNPL services to maximize their tax deductions. These services help enterprises manage their expenses with flexible repayment options and transparent fees
In terms of end-use, the retail segment dominated the market in 2022 with a revenue share of more than 73% as a result of rising awareness among millennials who are rapidly adopting BNPL services for paying for clothing, electronics, and others
In terms of region, with the presence of a large number of BNPL service providers, the North America region dominated the market in 2022 with a revenue share of more than 29%, and is expected to create growth opportunities for the regional market growth over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-buy-now-pay-later-market

Buy Now Pay Later Market Segmentation

Grand View Research has segmented the global buy now pay later market based on channel, enterprise size, end-use, and region:

Buy Now Pay Later Channel Outlook (Revenue, USD Billion, 2017 - 2030)

Online
POS

Buy Now Pay Later Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

Large Enterprises
Small & Medium Enterprises

Buy Now Pay Later End-use Outlook (Revenue, USD Billion, 2017 - 2030)

Retail
- Consumer Electronics
- Fashion & Garment
- Others
Healthcare
Leisure & Entertainment
Automotive
Others

Buy Now Pay Later Regional Outlook (Revenue, USD Billion, 2017 - 2030)

North America
- US.
- Canada
Europe
- Germany
- UK.
- Sweden
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
Latin America
- Brazil
- Mexico
Middle East & Africa
- UAE
- Kingdom Saudi Arabia (KSA)
- South Africa

List of Key Players in the Buy Now Pay Later Market

Affirm, Inc.
Klarna Inc.
Splitit Payments, Ltd.
Sezzle
Perpay Inc.
Zip Co, Ltd
PayPal Holdings, Inc.
AfterPay Limited
Openpay
LatitudePay Financial Services
HSBC Group

About Grand View Research

Dehumidifier Market is Projected to Boost $5,129.5 Million by 2030: Grand View Research Inc.

Dehumidifier Market Growth & Trends

The global dehumidifier market is expected to reach USD 5,129.5 million by 2030, registering a CAGR of 6.8% over the forecast period, according to a new report by Grand View Research, Inc. dehumidifier market growth is significantly driven by increasing applications for the improvement of indoor air quality for the residential, commercial, and industrial purposes.

Growth in the number of hotels, restaurants, and cafes is expected to propel the global dehumidifier market. Changing consumer lifestyles and rising café culture are the factors driving the HoReCa industry across the world. The demand for dehumidifiers for such commercial businesses to keep the air fresh and prevent the formation of mold and fungus is expected to grow during the forecast period.

Additionally, dehumidifiers are also used to reduce the humidity and moisture control in the manufacturing of lithium-ion batteries. Relative humidity which needs to be as low as 1.0% to 10.0% is the most crucial and important factor governing the manufacturing process. Demand for electric vehicles is propelling the manufacturing of lithium-ion batteries and is expected to drive the dehumidifier market growth.

Moreover, rising demand for water and wastewater treatment plants is expected to drive the growth of the dehumidifier market. Dehumidifiers are used in waste and fresh water treatment facilities to prevent corrosion of the equipment. Growing concern about the scarcity of water is expected to drive the water treatment facilities and also propel the demand for dehumidifiers.

The COVID-19 outbreak had a negative impact on the growth of this product in 2020. Due to the decreased demand from the industrial sector, and the disruption of the supply chain for raw materials, the dehumidifier market growth plummeted. Owing to the resumption of industrial manufacturing and trade activities market is likely to recover gradually during the forecast period.

Companies in the industry are actively focusing on expansion and industry penetration with the strategies such as product innovation & launches, mergers & acquisitions, joint ventures, etc. For instance, in April 2020, Corroventa launched a new dehumidifier in the market. The new dehumidifier A1 is the smallest adsorption dehumidifier designed for powerful dehumidification.

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Dehumidifier Market Report Highlights

The desiccant dehumidifier segment accounted for a 56.3% market share in 2022 attributed to the wide application in industrial manufacturing, commercial building, and residential places
Portable dehumidifier segment is anticipated to grow at a significant CAGR of 7.1% during the forecast period. The rising product awareness among the masses and rising demand from the residential & commercial sector is driving the market
Industrial segment accounted for 45.5% of the market share in 2022 owing to the extensive use of dehumidifiers in warehousing & storage, printing, water treatment, and the manufacturing industry
Asia Pacific is anticipated to witness significant growth of a CAGR of 7.3% during the forecast period. This is attributed to the increasing product awareness, growth of the industrial sector, and rising health consciousness among consumers
In August 2022, DryGair Energies Ltd., Israel based manufacturer of dehumidification solutions, announced a distribution agreement with RMJ Supply. The company will distribute DryGair dehumidifiers, developed for greenhouses; grow rooms, nurseries, etc.

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

Dehumidifier Market Segmentation

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

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

Refrigerative Dehumidifier
Desiccant Dehumidifier
Electronic/Heat Pump Dehumidifier

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

Portable Dehumidifier
Fixed Dehumidifier

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

Residential
Commercial
- Fitness Centers & Swimming Pool
- HoReCa
- Other
Industrial
- Warehouse & Storage
- Manufacturing
- Other

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

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

List Of Key Players Of Dehumidifier Market

LG Electronics Inc.
Honeywell International Inc.
Haier company
De’Longhi Appliances S.r.l.
Whirlpool Corporation
Munters Group
CondAir Group
Bry-Air Inc.
Stulz GmbH
Danby Products Ltd.

About Grand View Research

U.S. Minor Cannabinoids Market Growth in the Coming Years

U.S. Minor Cannabinoids Market Growth & Trends

The U.S. minor cannabinoids market size is expected to reach USD 33.3 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.0% from 2024 to 2030. Rising use of cannabinoid-based products and awareness regarding the health benefits associated with cannabinoid consumption are some of the crucial factors supporting the growth.

Minor cannabinoids have potential therapeutic benefits, including anti-inflammatory, analgesic, and neuroprotective effects. There is a growing interest in developing pharmaceuticals and nutraceuticals containing minor cannabinoids for the treatment of various medical conditions, such as chronic pain, anxiety, and sleep disorders. For instance, in January 2021, Lygos, Inc. announced the commercial availability of cannabichromene (CBC) that has a wide range of anti-inflammatory, antioxidant, and pain management properties.

Wellness products such as supplements, tinctures, and topicals incorporate minor cannabinoids. These products are marketed as natural remedies for various health issues, and are becoming popular among consumers who are looking for alternatives to traditional medications. For instance, Nextraction, a supplier of personal care and health & wellness products, launched Kriva—a range of Cannabinol (CBN), cannabidiol acid (CBDA), and Cannabigerolic acid (CBGA)—in topical and ingestible formulas.

Various organic and inorganic developments done by key players to strengthen their business avenues and footprints in the U.S. minor cannabinoids industry are anticipated to facilitate market expansion over the forecast period. In October 2022, Purissima, Inc., a biotechnology company in partnership with Open Book Extracts (OBX), launched its first fermentation-derived natural CBC products such as gummies, topical serums, tinctures, and capsules.

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U.S. Minor Cannabinoids Market Report Highlights

Based on product type, the tetrahydrocannabivarin (THCV) segment dominated the market with a revenue share of 25.9% in 2023, owing to increasing application of THCV in the management of conditions such as arthritis, metabolic disorders, and epilepsy
Based on application, the neurological disorders segment accounted for a significant revenue share in 2023, due to the rising prevalence of neurological disorders and applications of cannabinoids in their management
Some of the major market players include GCM Holdings (Global Cannabinoids), LLC, GenCanna, Mile High Labs, ZERO POINT EXTRACTION, LLC, BulKanna, and CBD. INC.

Access Press Release@ https://www.grandviewresearch.com/press-release/us-minor-cannabinoids-market-analysis

U.S. Minor Cannabinoids Market Segmentation

Grand View Research has segmented the U.S. minor cannabinoids market based on product and application:

U.S. Minor Cannabinoids Product Type Outlook (Revenue, USD Million, 2018 - 2030)

Cannabigerol (CBG)
Cannabichromene (CBC)
Cannabinol (CBN)
Tetrahydrocannabivarin (THCV)
Cannabigerolic Acid (CBGA)
Others (Cannabidiolic Acid (CBDA), Cannabidivarin (CBDV), and other minor cannabinoids)

U.S. Minor Cannabinoids Application Outlook (Revenue, USD Million, 2018 - 2030)

Inflammation
Pain Management
Neurological Disorders
Cancer
Others

List of Key Players in the U.S. Minor Cannabinoids Market

Mile High Labs
GCM Holdings, LLC (Global Cannabinoids)
CBD INC.
Rhizo Sciences
Laurelcrest
Fresh Bros Hemp Company
BulKanna
High Purity Natural Products.
ZERO POINT EXTRACTION, LLC

About Grand View Research

Wi-Fi 6, Wi-Fi 6E And Wi-Fi 7 Chipset Market To Benefit from Increased Global Uptake of 2023 By 2030

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market Growth & Trends

The global wi-fi 6, wi-fi 6E, and wi-fi 7 chipset market size is expected to reach USD 80.88 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 14.9% from 2023 to 2030. The growing demand for bandwidth capacity among consumers and enterprises for providing support for smart devices is one of the key factors driving the global market.

Increasing trends of e-learning techniques have expanded the deployment of next-generation wireless network infrastructure across several schools, universities, offices, and residents. In addition, accessing undisturbed content during online video streaming services has increased the need and demand for installing wi-fi 6, wi-fi 6E, and wi-fi 7 devices across the globe. Therefore, the increasing adoption of e-learning is expected to fuel the wi-fi 6, wi-fi 6E, and wi-fi 7 chipsets demand from 2022 to 2030.

With the evolution of industry 4.0., manufacturers from various industry verticals such as General Motors Company, BMW Group, Ford Motor Company, Volkswagen Group, and Toyota Group are implementing advanced technologies to transform their manufacturing facilities into smart and intelligent factories. A smart factory integrates numerous intelligent devices such as collaborative robots, IoT sensors, wireless cameras, and automated guided vehicles (AGV) to achieve self-adapting manufacturing capabilities. Providing seamless connectivity to these devices requires next-generation infrastructure, which is expected to accelerate the adoption of wi-fi 6 and wi-fi 6E devices worldwide. Therefore, it is anticipated to fuel the demand for chipsets over the next seven years.

Wi-fi 6, wi-fi 6E, and wi-fi 7 devices support multi-user, multi-input multi-output communications (MU-MIMO). The wi-fi 6 and 6E technology operates on the 6GHz band that can handle up to 12 upstream and downstream data streams on various frequency bands, such as 5GHz, 2.4GHz, and 6GHz. The wi-fi 7 technology using its 320MHz channel provides a high-speed advantage as compared to wi-fi 6 and 6E technology. With the notable investment opportunities in the smart cities globally, the next-generation wi-fi chipset-enabled devices would play a pivotal role in catering to the growing need for integrated internet connectivity for the mass population situated in public venues such as railway stations, bus stands, and airports. Thus, it is expected to bolster global market growth from 2022 to 2030.

Initially, in the 1st and 3rd quarters of 2020, the COVID-19 outbreak affected the production and supply chains for the wi-fi chipsets globally. The primary reason for this is the lockdown implemented by the governments across key countries such as the U.K., the U.S., Germany, and China. These lockdowns have forced the companies to temporarily shut down their manufacturing facilities and initiated restrictions on international travel. However, in the latter Q3 of 2020, the governments across many countries have provided certain relaxations in the lockdown, which has helped companies significantly recover the economic losses that happened during the Covid-19 times. Thus, it is expected to increase the overall market growth in the next seven years. Moreover, the high investments in the healthcare industry to create digitally advanced network infrastructure is further expected to drive the global market.

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Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market Report Highlights

By device type, the WLAN infrastructure devices segment dominated the overall market with a revenue share of more than 40.8% in 2022. Increasing deployment of Wi-Fi 6 gateways and routers in commercial, residential, and industrial applications propelled the segment growth
The Wi-Fi 7 chipset type segment uses a 4K QAM modulation scheme to increase the throughput value, fuelling the market growth over the forecast period. The Wi-Fi 7 chipset features flexible channel utilization, minimizing the network's interference and enhancing connectivity
Based on volume, Asia Pacific held the largest share of over 33.1% in 2022 owing to the proliferation of smart devices across the region. Moreover, the availability of major electronic manufacturing bases in Japan, China, and South Korea is anticipated to fuel market growth
Increased spending on the deployment of digital infrastructure in the healthcare sector, rising smart city, and smart factory projects have propelled the growth of Wi-Fi chipsets in the U.S.
Several key players operating in the market across the globe are mainly focusing on acquisitions, mergers, and collaborations to strengthen their market presence and expand the overall product offerings

Access Press Release@ https://www.grandviewresearch.com/press-release/global-wi-fi-6-wi-fi-6e-chipset-market

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market Segmentation

Grand View Research has segmented the global wi-fi 6, wi-fi 6E, and wi-fi 7 chipset market based on chipset type, device type, application, and region:

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Type Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2030)

Wi-Fi 6
Wi-Fi 6E
Wi-Fi 7

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Device Type Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2030)

WLAN Infrastructure Devices
Consumer Devices
- Smartphones/Tablets
- Desktops/Laptops
- AR/VR and Wearables
- Smart Home Devices
- Others
Wireless Cameras
Industrial IoT Devices
Connected Vehicles
Drones
Others

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Application Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2030)

Residentials/Consumers
Commercial
- Enterprises/Corporates
- Airports
- Stadiums
- Malls/Shops
- Hospitals
- Hotels & Restaurants
- Educational Campuses
- Others
Industrial
- Smart Manufacturing
- Energy & Utility
- Oil & Gas and Mining
Smart City
Transportation & Logistics
Government & Defense
Others

Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Regional Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2030)

North America
- US.
- Canada
- Mexico
Europe
- UK.
- Germany
- France
Asia Pacific
- China
- India
- Japan
- Singapore
South America
- Brazil
Middle East & Africa (MEA)

List of Key Players in the Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market

Broadcom Inc.
Qualcomm Technologies, Inc.
ON Semiconductor Connectivity Solutions, Inc.
Intel Corporation
Celeno
MediaTek Inc.
Texas Instruments Incorporated
Cypress Semiconductor Corporation
STMICROELECTRONICS N.V.
NXP SEMICONDUCTORS N.V.

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Tuesday, 30 January 2024

Cookware Market Latest Innovations, Drivers and Industry Key Events 2024– 2030: Grand View Research Inc.

Cookware Market Growth & Trends

The global cookware market is expected to reach USD 49.85 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. The rising instance of people who enjoy cooking at home is driving the market demand for cookware. In the scenario of wellness- and hygiene-driven choices, consumers have been opting for home-cooked meals to protect themselves from outside germs and viruses. Cooking reality shows have spurred an interest in mastering culinary skills and learning new cooking techniques as well as cuisines. This trend is positively influencing the sale of cookware. According to the New York Post in May 2020, ratings for programming on the Food Network were up by 25% in April and HGTV’s ratings were up by 22%, with 1.3 million viewers in primetime during the quarantine.

Moreover, millennials have significantly driven the popularity of cook-at-home meals, which in turn, is driving the growth of cookware products. More color, adaptable pieces for smaller spaces, and pieces that meet consumer’s individual needs are some of the trends shaping the market in the residential sector. The living standards of consumers have evolved and improved over time owing to a rise in disposable incomes and the migration of millennials to cosmopolitan cities.

The non-stick/ coated cookware segment is growing at fastest growth rate over the forecast period. The growing consumer preference for healthy recipes without added fats or oils and preserving food flavors have driven the demand for nonstick cookware across the globe. In addition, the harmful effects of Teflon coatings have led to innovation in products driving the market growth. In June 2023, Tefal, a cookware brand of one of the key European players Groupe SEB, launched RENEW, a new range of pots and pans made from 100% recycled aluminum, featuring the exclusive Inoceramic nonstick ceramic coating.

Pressure cooker is growing at fastest growth rate over the forecast period. Stainless steel and hard-anodized aluminum-based cookers are gaining popularity because they are long-lasting, lightweight, nonstick, and energy-efficient. Pressure cookers covered with hard anodized ceramic and aluminum, among other materials, are in increased demand. When compared to the stovetop variants, electric pressure cookers are more acceptable for use.

Sales through Online distribution channel is expected to propel the market growth over the forecast period. This can be attributed to technological advancements and the rising preference for online platforms to purchase cookware products as they offer convenience, right from product selection to delivery. A blog post from CYBERCREW.UK from March 2023 states that, in January 2022, e-commerce sales made up 27.1% of all retail sales in the U.K. Furthermore, the percentage of U.K. users who purchase online reached an astounding 87% in 2020.

Asia Pacific is fastest growing region in market growth over the forecast period owing to shifting trends in eating culture, such as the rising prominence of social and casual dining, have resulted in an increased demand for innovative cookware products in Asia Pacific. Furthermore, consumers in region are prioritizing convenience, healthier cooking options, and simplicity of cleaning, which is driving the demand for cookware due to the growing trend of home-cooked meals, particularly since the pandemic.

Manufacturers have been adopting strategies such as new product launches, partnerships, and mergers to gain significant market share and reach new audience. For instance, In January 2023, Groupe SEB had its partnership extended with GXO, a contract logistics provider. The partnership will provide Groupe SEB with additional warehouse space to support sustainable growth, enabling its omnichannel business to deliver a superior customer experience in the UK and Ireland using customized end-to-end supply chain solutions.

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

Cookware Market Report Highlights

Non-stick/ coated dominated the market owing to the growing popularity of modular kitchens and rising living standards are driving the need for nonstick cookware items in both the residential and commercial markets
The pots & pans segment dominated the market owing to rising demand for multi-purpose and colorful pans across the globe
The cast iron cookware segment is expected to grow at the fastest rate over the forecast period due to it is ideal for stews, soups, casserole dishes, and baking bread. It offers exceptional cooking performance and versatility, making it suitable for various culinary projects
The online distribution channel is set to grow at the fastest rate due to its convenience, flexibility, and consumer comfort with this channel
Asia Pacific is projected to emerge as a lucrative region for market. This can be attributed to the growing middle class, increasing disposable income, and the popularity of cookware in the region

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

Cookware Market Segmentation

Grand View Research has segmented the global cookware market report on the basis of type, product, material, application, distribution channel, and region:

Cookware Type Outlook (Revenue, USD Million, 2018 - 2030)

Standard /Non-Coated
Non-Stick/ Coated
- Teflon (PTFE) Coated
- Ceramic Coated
- Enamel Coated
Others

Cookware Product Outlook (Revenue, USD Million, 2018 - 2030)

Pots & Pans
Pressure Cooker
Cooking Racks
Cooking Tools
Bakeware
Microware Cookware

Cookware Material Outlook (Revenue, USD Million, 2018 - 2030)

Stainless Steel
Carbon Steel
Cast Iron
Aluminum
Glass
Stoneware
Others

Cookware Application Outlook (Revenue, USD Million, 2018 - 2030)

Residential
Commercial

Cookware Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

Supermarket/ Hypermarket
Specialty Stores
Online
Others

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

North America
- US.
- Canada
- Mexico
Europe
- UK.
- Germany
- France
- Italy
- Spain
Asia Pacific
- China
- India
- Japan
- Indonesia
- South Korea
- Australia & New Zealand
Central & South America
- Brazil
- Argentina
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia

List of Key Players in Cookware Market

Groupe SEB
Werhahn Group
Target
Meyer Corporation
Fissler
Tramontina
Newell Brands Inc.
SCANPAN
TTK Prestige Ltd.
The Vollrath Co., L.L.C.
Hawkins Cookers Limited

About Grand View Research

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