U.S. Household Appliances Market Expected To Trigger A Revenue To $93.04 Billion By 2030: Grand View Research, Inc.

 U.S. Household Appliances Market Growth & Trends

The U.S. household appliances market size is expected to reach USD 93.04 billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising fuel prices and the increasing number of nuclear families along with growth in induction cooking technology have increased the dependence of users on household appliances and hence is expected to have a significant impact on the market’s growth.

Other factors contributing to the growth in the U.S. household appliances industry include the popularity of multi-functional and advanced products, which are capable of addressing more than one household application, thus giving good value for money.Vendors continually innovate to stay competitive, enhance customer satisfaction, expand customer base, and generate demand for multi-functional household appliances to respond to the growing demand.

The rising standard of living in the U.S. is predicted to fuel the demand for cooktops in the market. the increasing number of residential and non-residential construction projects is expected to increase the demand for cooktops in the U.S. According to the United States Department of Agriculture, a total of 1,495,000 construction permits were issued in July 2020 at SAAR (seasonally adjusted annual rate), this rate is 9.4% higher than July 2019 and 18.8% higher than June 2020.

Technological advancements play a pivotal role in propelling the growth of the market for vacuum cleaners in the U.S. Over the years, significant strides have been made in vacuum cleaner technology, revolutionizing the way people clean their homes. One of the key innovations driving market growth is the emergence of robotic vacuum cleaners. These autonomous devices are equipped with sensors, artificial intelligence algorithms, and mapping capabilities that enable them to navigate and clean floors independently. The convenience and time-saving nature of robotic vacuums have captured the interest of consumers, driving their popularity.

The e-commerce segment is expected to register the fastest CAGR over the forecast period. E-commerce penetration is significant in the United States, resulting in large sales volume. The majority of sales in the home appliance sector are driven by major online platforms like Amazon. Despite the fact that other region manufacturers have found it difficult to get into the market, numerous worldwide manufacturers have attempted to do so. In most regions, customers are willing to try new things. Benefits such as quick returns, online retailer post-sale help, and free and one-day delivery features, on the other hand, are attracting a significant number of customers.

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U.S. Household Appliances Market Report Highlights

• The refrigerator segment held the largest revenue share in 2023. The market value for smart refrigerators is increasing due to expanding consumer desires for linked home appliances with enhanced features and capabilities. The adoption of smart refrigerators in the home will be aided by rising internet and smartphone penetration
• The air conditioner segment is projected to register the fastest CAGR during the forecast period. Public awareness of energy-efficient models is projected to have a positive impact on demand in the U.S. Throughout the forecast period, the introduction of technologically sophisticated air conditioners, such as air conditioners with inverter and air purification technologies, is expected to fuel the market growth
• The Southeast segment accounted for the largest market share in 2023. The growth of the housing sector across the Southeast U.S. region is expected to drive the demand for various household appliances, which will drive the market’s growth. For instance, according to Florida Realtors’ Chief Economist Dr. Brad O’Connor, 528,000 homes in Florida were sold in 2021, registering a 19% increase as compared to sales in 2020

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U.S. Household Appliances Market Segmentation

Grand View Research has segmented the U.S. household appliances market report on the basis of product, distribution channel, and region

U.S. Household Appliances Product Outlook (Revenue, USD Million, 2018 - 2030)

• Water Heater
• Dishwasher
• Refrigerator
• Cooktop, Cooking Range, Microwave, and Oven
• Vacuum Cleaner
• Mixer, Grinder, and Food Processor
• Washing Machine
• Air Conditioner

U.S. Household Appliances Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Brick & Mortar
• E-commerce

U.S. Household Appliances Regional Outlook (Revenue, USD Million, 2018 - 2030)

• Northeast
• Southeast
• Southwest
• Midwest
• West

List of Key Players of U.S. Household Appliances Market

• Whirlpool Corporation
• Electrolux AB
• Fisher & Paykel Appliances Holdings Ltd.
• Frigidaire
• GE Appliances
• Haier Group
• LG Electronics
• Panasonic Corporation
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• SMEG S.p.A.
• Miele & Cie. KG
• iRobot Corporation

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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.

Enterprise Performance Management Market to Reach $10.99 Billion by 2030: Grand View Research Inc.

 Enterprise Performance Management Market Growth & Trends

The global enterprise performance management market size is anticipated to reach USD 10.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 8.5% from 2024 to 2030. The increasing adoption of digital transformation initiatives, the rising volume and complexity of business data, regulatory compliance, and the growing need for strategic planning and agility are expected to drive the enterprise performance management (EPM) market’s growth.

COVID-19 positively impacted the market, as the pandemic highlighted the importance of supply chain resilience and agility. Enterprise performance management solutions have evolved to help organizations better manage their supply chains by providing real-time insights into inventory levels, production capacity, and supplier performance.

The EPM market trends include the growing adoption of cloud-based solutions. Organizations are increasingly migrating their data infrastructure to the cloud to leverage scalability, flexibility, and cost-effectiveness. As a result, there is a rising demand for cloud-native EPM platforms that seamlessly integrate with cloud environments, provide centralized data management capabilities, and ensure data security and compliance across hybrid and multi-cloud deployments.

Additionally, a growing focus is on establishing enterprise performance management as a strategic business function. Organizations recognize EPM's value in driving business outcomes, enabling data-driven decision-making, and fostering innovation and collaboration.

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Enterprise Performance Management Market Report Highlights

• The solution segment led the market with the largest revenue share of 62.5% in 2023 and is expected to retain its dominance over the forecast period. The growing emphasis on data privacy, security, and ethical data practices is driving the adoption of EPM solutions.
• The on-premises deployment segment dominated the market in 2023 and is expected to grow at a significant CAGR over the forecast period, owing to the provision of control over sensitive data by allowing organizations to maintain data within their infrastructure.
• The large enterprises segment held the largest revenue share in 2023 and is projected to grow at a significant CAGR over the forecast period, due to business data's increasing volume and complexity.
• Based on function, the supply chain segment dominated the market in 2023 and is projected to grow at a significant CAGR over the forecast period, owing to an increase in the need to streamline supply chain processes across manufacturing and consumer goods industries
• Based on vertical, the BFSI segment accounted for the largest revenue share in 2023. EPM solutions assist BFSI organizations in ensuring compliance with the regulations.
• In August 2023, SAP launched add-in version 10.0 for Microsoft Office, provided with EPM solutions involving SAP BusinessObjects Financial Consolidation, Profitability and Cost Management models, Planning and Consolidation version for SAP NetWeaver 10.0 and Planning and Consolidation version for the Microsoft platform 10.0.

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Enterprise Performance Management Market Segmentation

Grand View Research has segmented the global enterprise performance management market based on offering, deployment, enterprise size, function, vertical, and region:

Enterprise Performance Management Offering Outlook (Revenue, USD Billion, 2018 - 2030)

• Solution
• Services

Enterprise Performance Management Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-premises
• Cloud

Enterprise Performance Management Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• SMEs
• Large Enterprises

Enterprise Performance Management Function Outlook (Revenue, USD Billion, 2018 - 2030)

• Finance
• Human Resources
• Supply Chain
• Sales and Marketing
• Other

Enterprise Performance Management Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• Retail & Consumer
• Healthcare
• IT & Telecom
• Government & Education
• Manufacturing
• Others

Enterprise Performance Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Enterprise Performance Management Market

• Oracle
• SAP
• IBM Corporation
• SAS Institute Inc.
• Anaplan, Inc.
• Unicorn Systems a.s.
• Epicor Software Corporation
• Workday, Inc.
• OneStream
• Board International
• Wolters Kluwer N.V.
• Jedox

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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.

Asia Pacific Cannabidiol Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 The Asia Pacific cannabidiol market size was estimated at USD 440.5 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 24.1% from 2024 to 2030. The cannabidiol (CBD) market in Asia Pacific is predicted to expand in line with the growing acceptance and legalization of products based on hemp,increasing awareness of potential health benefits. To cater to consumer demand, companies are creating a diverse range of products infused with cannabidiol, such as edibles, topicals, and beverages. The advent of e-commerce has enabled these companies to tap into a larger customer base and boost their sales via online platforms, which has had a positive influence on the growth forecasts for the CBD industry.

Asia Pacific is the third largest region in the global CBD market. CBD, a non-psychoactive compound found in hemp, is sold in a multitude of forms including capsules, edibles, hemp oil, and vaping e-liquid. Companies like Eos Scientific, under the umbrella term of Ambiance Cosmetics, have launched six CBD-infused cosmetic lines, featuring products like oils, balms, and moisturizers. As knowledge about CBD’s potential health benefits grows, so does investment in research and development to better comprehend its effects and develop new products. This has led to an increasingly competitive CBD market with more companies offering similar products, thereby expanding the market size.

CBD, unlike its primary produce, cannabis, is facing restrictions in many Asian and African countries. Asian countries rarely promote using cannabis-based products, even for medical purposes. These countries have strict laws and stringent punishments for those caught or found consuming CBD-based products and are not in favor of relaxing these laws or decriminalizing use of CBD. Thus, very few countries have legalized the use of cannabis for medical purposes. For instance, drug regulations in Indonesia are so stringent that they include life imprisonment, USD 1.2 million fine, and even death penalty for those found consuming illegal drugs, including cannabis. This is expected to hinder the medical cannabis market in these regions. Moreover, countries such as India have still not taken any decisions related to CBD products. Therefore, patients must rely on import of CBD-based medicines after receiving special permissions, which makes products quite expensive for consumers.

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Market Concentration & Characteristics

The Asia Pacific CBD market is at a high growth stage and is expected to continue its growth trajectory from 2024 to 2030. Increasing adoption of CBD oil and infused products among the youth population for its health and wellness benefits will propel the market growth.

The region’s scientific and research capabilities are expanding, leading to intensive research on CBD’s potential applications. Companies are constantly innovating to create CBD-infused products like beverages, skincare, and pet treats. This region has witnessed various products like CBD oil, CBD concentrates and CBD isolates.

The demand for CBD products is growing rapidly in the Asia Pacific region, as consumers become more aware of its health benefits. The governments in this region are becoming more accepting of cannabis products, which creates more opportunities for the market players. For example, in 2022, Aurora Canabis acquired Austrade Herbs, an Australian hemp and CBD company. This deal gave Aurora a significant presence in the CBD market in Australia and an access to their distribution channels.

The market is poised to have significant growth in the coming years but is greatly impacted by government regulations. Strict restrictions, like bans or high THC limits, can restrict product availability and limit market access. The frequent changes in regulations create an uncertain market for business, making it difficult to plan a long-term investment. Complex regulations can lead to high compliance cost for nosiness, making it challenging for smaller companies to establish growth. But the regulatory landscape in the region is diverse for different countries. Moreover, recent trends show a shift towards more progressive regulations, driven by the increasing consumer demands and scientific evidence.

Rising awareness of CBD’s potential health benefits to alleviate symptoms of various conditions, including anxiety, pain, sleep disorders and skin problems are expected to increase the product expansion in this region. Products like CBD oils & tinctures, CBD edibles, CBD topicals, and CBD pet products are set to have potential expansion. For instance, Hemp Naturals, an Australian company, has launched a range of CBD products in Australia and New Zealand.

CBD, unlike its primary produce, cannabis, is facing restrictions in many Asian countries. Regardless, countries like China are the largest hemp cultivator in Asia and cultivates nearly half of the world’s hemp production. The country also exports nearly 90% of its products to the U.S., Germany, the UK, the Netherlands, and Japan. Many companies are getting into partnerships to expand their market in different regions. For instance, in 2020, CV Sciences, a U.S.-based CBD company, partnered with Health Science Holdings to distribute its PlusCBD oil in Thailand.

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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.

Bathroom And Toilet Assist Devices Market Plying for Significant Growth During 2022-2030: Grand View Research Inc.

 Bathroom And Toilet Assist Devices Market Growth & Trends

The global bathroom and toilet assist devices market size is anticipated to reach USD 8.23 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% from 2022 to 2030. Growth in the prevalence of chronic diseases, coupled with an aging population, is resulting in a rise in the population with disabilities. According to Spinal Cord Injury Data Sheet from the National SCI Statistical Center (NSCISC) 2019, approximately 17,730 new spinal cord injuries are reported each year in the U.S. Aging demographics have created a demand for old-age homes and long-term care centers, both of which drive demand for bathroom and toilet to assist devices.

COVID-19 is expected to have a minimal impact on the market growth. Old age people are advised to stay at home during the lockdown, which has increased the demand for bathroom and toilet assist devices. However, the decrease in the number of road accidents has reduced the device’s requirement for disabled people. However, as lockdown restrictions are being lifted in most countries, the supply chains of most healthcare companies are expected to work effectively and smoothly over the forecast period.

Furthermore, rapidly growing demand for home healthcare services can be attributed to the growing workforce pertaining to this field. This is, in turn, expected to serve this market as a driver. As per the U.S. Bureau of Labor Statistics, the rank of home health and personal care aides is expected to increase by 13 million in 2020 (a 70.0% increase from 2010). Additionally, the demand for home healthcare among the aging population is increasing as they are at a higher risk of acquiring COVID-19 infection and cannot visit any healthcare facilities. This is likely to increase the market growth during the forecast period.

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Bathroom And Toilet Assist Devices Market Report Highlights

• The commodes product segment dominated the market in 2021 with a revenue share of over 19.0%. Commodes are covered under Medicare Part B (Medical Insurance) as durable medical equipment when recommended by a doctor. This is a key factor propelling the segment growth. Commodes are further sub-segmented into shower and toilet commodes and toilet commodes
• North America dominated the market with a revenue share of over 35.0% in 2021 owing to the presence of well-defined regulatory guidelines and reimbursement policies for the treatment of patients with disabilities in the region
• Asia Pacific is estimated to exhibit the highest CAGR of 6.9% over the forecast period. This can be attributed to the rising pool of patients with chronic diseases, growth in funding for personal assistance products, and initiatives to increase awareness regarding bathroom and toilet assist tools

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Bathroom And Toilet Assist Devices Market Segmentation

Grand View Research has segmented the global bathroom and toilet assist devices market on the basis of product and region:

Bathroom & Toilet Assist Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Shower Chairs & Stools
  • Shower Chairs
  • Shower Stools
• Bath Lifts
  • Fixed Bath Lifts
  • Reclining Bath Lifts
  • Lying Bath Lifts
• Toilet Seat Raisers
• Commodes
  • Shower & Toilet Commodes
  • Toilet Commodes
• Handgrips & Grab Bars
• Bath Aids

Bathroom & Toilet Assist Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Bathroom And Toilet Assist Devices Market

• ArjoHuntleigh
• Carex Health Brands
• Bischoff & Bischoff
• Invacare Corporation
• Medical Depot, Inc.
• Prism Medical UK
• Etac AB
• Handicare Group AB
• Sunrise Medical LLC
• GF Health Products, Inc.

About Grand View Research

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

North America Electric Vehicles Market to Reach Around $147.60 Billion by 2028: Grand View Research Inc.

 North America Electric Vehicles Market Growth & Trends

The North America electric vehicles market size is expected to reach USD 147.60 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 37.2% from 2021 to 2028. Favorable initiatives to promote the adoption of electric vehicles coupled with rising crude oil prices are anticipated to drive the demand for Electric Vehicles (EVs). Electric vehicles generate power using an electric motor instead of an internal combustion engine that burns a mix of fuels and gases for power generation. The increasing advantages of electric vehicles over conventional vehicles such as zero fuel emission, better performance, and lower total cost of ownership are expected to contribute to the growing demand for electric vehicles in the coming years.

The growing preference for electric vehicles is prompting leading automotive manufacturers to launch electric vehicles. For instance, General Motors, a U.S.-based automotive company, has announced its plan to launch electric vehicles for personal use in the next few years. By 2025, the company will launch 30 EVs worldwide, and around two-third will be available in North America. The market's lucrative nature is expected to encourage more conventional vehicle manufacturers to shift into the electric vehicle space.

The outbreak of the COVID-19 pandemic has changed the overall business scenario for 2020 as well as for the next few years to come. Several industries and industry verticals have witnessed a significant setback due to the pandemic, and the automobile industry is no exception to that. The slumped business scenario has negatively impacted the production and sales of electric vehicles across North America. The electric bus sales in North America in 2020 totaled around 500 units, which was significantly lesser units recorded in 2019, registering a year-on-year decline of over 10% primarily due to the pandemic. However, with increasing government initiatives to adopt electric vehicles, the market is likely to witness significant growth over the forecast period.

In 2020, the U.S. captured around 70% of the electric vehicle demand in North America and is estimated to register a CAGR exceeding 30% from 2021 to 2028. This share is attributed to the rising demand for electric vehicles in the U.S. Moreover, new initiatives are being taken up by charging network companies, automotive manufacturers, and policymakers, and they have launched a new non-profit organization named Veloz. The new organization aims at attracting marketing, innovation, investment, and driving the regional market growth.

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North America Electric Vehicles Market Report Highlights

• In terms of product, the PHEV segment is estimated to register the highest CAGR of over 35% from 2021 to 2028 owing to the increasing demand for electric buses and trucks across the logistics and transportation industry
• In terms of vehicle type, the PCLT segment emerged as the largest segment in 2020 and is anticipated to retain its dominance over the forecast period
• Canada is projected to register the fastest CAGR exceeding 40% from 2021 to 2028 as the government in the country is focused on advancing the programs to support electric vehicle adoption

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North America Electric Vehicles Market Segmentation

Grand View Research has segmented the North America electric vehicles market based on product, vehicle type, and region:

North America Electric Vehicles Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

North America Electric Vehicles Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• PCLT
  • Passenger Cars
  • Light Trucks
• Commercial Vehicles

North America Electric Vehicles Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada

List of Key Players in the North America Electric Vehicles Market

• BYD Company Ltd.
• Daimler AG
• Ford Motor Company
• General Motors Company
• Lucid
• Mitsubishi Motors Corporation
• Nissan Motor Company
• Tesla
• TOYOTA MOTOR CORPORATION
• Volkswagen 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.

North America Paraffin Wax And Emulsions Market Trends Analysis And Forecast Till 2030: Grand View Research Inc.

 North America Paraffin Wax And Emulsions Market Growth & Trends

The North America paraffin wax and emulsions market size is expected to reach USD 1,242.2 million by 2030, expending at a CAGR of 3.9% from 2023 to 2030, as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the increased demand for the candles, packaging, and cosmetic industries. The increase in demand for candle manufacturing is attributed to the fact that candles are majorly used as decorative items in homes and restaurants. Moreover, the rising demand for scented candles to enhance the aesthetic appeal and aura of different places favors the growth of the product market.

The packaging industry is one of the major consumers of paraffin wax owing to its factors such as available in unlimited quantities, inexpensive, and others. The demand for paraffin wax has increased in the North American region due to the rising preference for flexible packaging owing to its benefits such as longer shelf life, environmental benefits, low shipping costs, and less storage requirements.

Along with package coatings and packaging, candles account for a prominent share in the North American market. As per National Candle Association, candles sold in the U.S. are produced from more than 1.0 billion pounds of wax annually. Color, shape, cost, and scent are the most important factors that affect their sales. Consumers in North America are increasingly purchasing candles for aromatherapy such as for stress reduction and relaxation as well as for home decoration. The aromatherapy market has seen continuous growth over the years owing to the widespread usage of aroma candles for therapeutic applications

Inks and coatings are used in various industries including construction, automotive, electrical & electronics, and industrial manufacturing owing to their ability to protect materials or substances from wear & tear and rusting. Paraffin wax and emulsions manufacturers in U.S. & North America are Dominion Chemical Company, Hexion, The International Group, Inc., Walker Industries. The industry is marked by the presence of key multinationals that have established a strong regional presence.

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North America Paraffin Wax And Emulsions Market Report Highlights

• The North America paraffin wax market is estimated to advance with a compounded annual growth rate (CAGR) of 3.9% from 2023 to 2030. This is attributed to the increasing demand for candles and woodworking in North America
• Candles in the paraffin wax application segment dominated the market with a revenue share of over 29.7% in 2022. This growth is attributed to its increasing use in decorative items, gifting items, on Christmas/Holiday Eve, and also in the non-business season across North America
• Candle manufacturing is one of the prominent applications of paraffin wax. This wax is used for developing a variety of candles that are used in homes and restaurants for decoration purposes. Paraffin wax-based candles are inert and burn well
• Inks and coatings in paraffin wax emulsion application is another segment dominated the market with a revenue share of over 32.0% in 2022. This growth is attributed to its increasing use owing to its property of increasing the durability of wood products such as wood boards and improving the efficiency of woodworking
• Paraffin wax emulsions improve the productivity of wood grinding line by making the plate surface smoother

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North America Paraffin Wax And Emulsions Market Segmentation

Grand View Research has segmented the North America paraffin wax and emulsions market on the basis of application and region:

North America Paraffin Wax Application (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Candles
• Packaging
• Cosmetics
• Hotmelts
• Board Sizing
• Rubber
• Others

North America Paraffin Wax Emulsions Application (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Woodworking
• Inks & Coatings
• Paper
• Textile & Fibre
• Others

North America Paraffin Wax And Emulsions Country Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico

List of Key Players in North America Paraffin Wax And Emulsions Market

• Dominion Chemical Company
• Hexion
• The International Group, Inc.
• Walker Industries
• Willamette Valley Company
• Accu-Blend Corporation
• King Honor International Ltd
• Clariant
• Moretex Chemical

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.

Alginate Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Alginate Market Growth & Trends

The global alginate market size is projected to reach USD 1.07 billion by 2028 registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Rise in product usage as active dyestuff in the textile industry is expected to drive the market over the forecast period. The product is gaining popularity in the food and beverage applications due to rising consumer preference for naturally sourced products. It is predominantly used in the food industry as an emulsifier, gelling agent, and thickening agent. Moreover, increasing application scope in the bakery and confectionery sector is projected to drive the market in the coming years.

Increasing consumption of emulsifiers in salad dressing, chocolate, margarine, peanut butter, and several frozen desserts is also one of the key factors for the growing product demand in the food and beverage application. The product has a wide range of applications in the pharmaceutical sector as well owing to its stabilizing, emulsifying, and thickening properties. Increasing demand in tablet coating owing to lower viscosity and as a capsule disintegrant is expected to fuel the market growth. The Covid-19 pandemic has severely affected the major economies like U.S., Germany, France, Italy, and Brazil. Disruptions in the global supply chain owing to restrictions on the movement of goods have affected product consumption to a certain extent as the production is concentrated in few countries including China, Chile, and Norway.

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Alginate Market Report Highlights

• The high G type segment dominated the market with a revenue share of over 52% in 2020 and is expected to maintain the leading position over the forecast period
• These are guluronic acid blocks, which provide superior gelling performance in food and beverage applications
• The U.S. emerged as one of the major markets at the global level owing to higher product penetration in pharmaceutical applications
• The wound care market is fairly developed in the country with high usage of advanced wound care products consisting of alginates and hence driving its demand
• In August 2019, the nutrition & biosciences business unit of DuPont de Nemours, Inc. launched Dimodan NG 100 emulsifier
• It was marketed as a replacement for hydrated monoglycerides to overcome their disadvantages as they are slippery and could lead to accidents. Moreover, their consistency made it difficult to remove the product out of the bag, leading to wastage

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Alginate Market Segmentation

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

Alginate Type Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• High M
• High G

Alginate Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Sodium
• Calcium
• Potassium
• Propylene Glycol
• Others

Alginate Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Food & Beverages
  • Bakery
  • Confectionery
  • Meat Products
  • Dairy Products
  • Sauces & Dressings
  • Beverages
  • Others
• Pharmaceutical
• Industrial
• Others

Alginate Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Alginate Market

• Algaia
• Marine Biopolymers Limited
• DuPont de Nemours, Inc.
• Ingredients Solutions, Inc.
• KIMICA
• Ceamsa
• Algea
• Shandong Jiejing Group 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.

Poland Fiber Laser Cutting Machines Market Analysis ,Industry Growth And Future Scope: Grand View Research Inc.

 The Poland fiber laser cutting machines market size was valued at USD 25.1 million in 2023 and is anticipated to grow at a CAGR of 5.8% from 2024 to 2030. The increasing automation in major sectors in Poland such as aerospace & defense, automotive, and electrical & electronics, along with the rising adoption of advanced manufacturing techniques, are driving the demand for fiber laser cutting machines. Polish companies across various industries are currently focusing on improving efficiency and precision in their production processes, thus shifting toward advanced cutting technologies such as fiber lasers. In addition, the growing trend of customization and personalization in manufacturing is boosting the demand for these machines in Poland. The increasing importance of customization in industries has further driven market expansion, as these machines enable precise and intricate cutting, allowing manufacturers to create unique products tailored to customer requirements

Poland accounted for a revenue share of 2.04% in the global fiber laser cutting machines market in 2023. The country has witnessed significant advancements in the manufacturing sector, becoming a leading industrial hub in Europe. The proliferation of automation and AI in manufacturing has led to an increased demand for innovative manufacturing technologies, with the government actively pushing for modernization of this segment. Furthermore, increasing investments from international organizations have also encouraged companies in Poland to purchase and adopt advanced equipment in their processes, leading to healthy growth of the fiber laser cutting machines market.

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Additionally, there has been a concentrated push by the Polish government to adopt sustainable and environment-friendly practices, as well as energy-efficient machineries that cause minimal environmental impact. This has created several growth avenues for manufacturers of fiber laser cutting machines. Moreover, a continued shift toward automation and an increasing focus on Industry 4.0 initiatives present significant opportunities for market expansion. Currently, the demand for cutting-edge solutions that can integrate seamlessly into automated workflows is growing as manufacturing entities are emphasizing streamlining operations and improving productivity. Fiber laser cutting machines are well-positioned to meet these evolving needs owing to their high precision, speed, and versatility, leading to industry growth.

Companies in the market are promoting their products through both online and offline practices, with a view to reach a larger audience. Owing to the increasing Internet proliferation in Poland, digital marketing has become an effective avenue to reach audiences interested in fiber laser cutting machines. For instance, companies are actively engaging in Search Engine Optimization (SEO) strategies, targeting specific keywords related to fiber laser technology. By optimizing website content and incorporating relevant keywords, businesses are striving to improve their visibility in online search results. On the offline side, increasing participation in trade shows such as STOM-LASER and STOM-BLECH & CUTTING Expo have enabled companies such as Seron and EAGLE Group to directly interact with potential clients and showcase technological innovations & industry expertise. These factors are also responsible for driving positive market developments.

There has been a steady rate of new product launches in the country, mainly through well-known expos and trade fairs such as the STOM-BLECH & CUTTING Expo and the STOM-LASER trade show. For instance, KIMLA has been a notable participant at the latter event, held in Kielce, for many years, displaying products such as waterjet water cutters, tool milling machines, fiber laser cutters, and industrial plotters, while also demonstrating their operations. Such developments have helped boost the adoption of these machineries in the country.

To enter and operate optimally in the fiber laser cutting machines market in Poland, companies are required to strictly adhere to compliance procedures and permits. The Polish law emphasizes the responsibility of both machine manufacturers and employers to minimize hazards associated with machinery operation and ensure comprehensive safety for employees. This aligns with the need to limit hazards and provide a safe working environment. Understanding and implementing the technical and organizational solutions is instrumental for companies in addressing safety concerns.

Although fiber laser cutting machines are used extensively in Poland, there are other alternatives also, such as plasma cutting, waterjet cutting, and CNC machining that have emerged in recent years. However, there are advantages and drawbacks to each of these solutions that call for better understanding of the requirements by companies to adopt a particular technology and achieve optimum results. Thus, the threat of substitute products is low in the market.

The steady development of major industries such as automotive, medical, aerospace, and electronics in Poland has enhanced the application scope of fiber laser cutting machines. For instance, they are used in developing surgical instruments and custom medical devices for important operating procedures in the medical field. The growing demand for precision engineering in the aerospace & defense segment is driving product adoption in this area. Furthermore, the fast-growing electrical and electronics segment also presents growth opportunities for fiber laser cutting machine manufacturers. Thus, there is a very significant end-user base for these products in the country.

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.

Armored Vehicle Market Expected to Succeed in CAGR of 5.4% by 2030

 Armored Vehicle Market Growth & Trends

The global armored vehicle market size is anticipated to reach USD 44.56 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2023 to 2030. The growing internal and external terrorist activities across the globe are expected to drive the market demand over the forecast period. Technological advancements, such as unmanned vehicles, are expected to further fuel the market growth. For instance, in February 2021, ADASI, a reputable end-to-end solution provider in the autonomous systems industry with a presence in the MENA area, revealed an armored robotic vehicle and two new unmanned ground vehicles at the International Defense Exhibition and Conference.

The unmanned vehicles, controlled by a ground control station with a transmission range of 12 kilometers and an endurance of six to 8 hours, can travel at speeds of up to 50 kilometers per hour to provide greater firepower to the Armed Forces while decreasing the risk to troop life. Armored vehicles are protected by depleted uranium or stainless steel and are equipped with powerful weapons that combine defensive, tactical offensive and operational mobility capabilities. The development of advanced vehicles, such as unmanned armored vehicles, and AI-based smart object recognition & tracking technology used in the military sector are expected to propel market demand over the next few years.

For instance, In January 2022, Rafael, an Israeli defense technology company, unveiled its first next-generation tank powered by artificial intelligence. The advanced vehicular integrated combat systems developed by the organization are a fusion of automated technologies and battlefield sensors that can react faster than humans. It combines a vehicle's defense and weapons and can take over combat tasks that have been given to it. The growing need to protect military recruits from land mines and fire is expected to drive the demand for armored vehicles over the next seven years. Furthermore, the demand for vehicles is increasing in the Asia Pacific and Middle East & African regions due to the constant tension among neighboring countries and internal threats from rebels.

For instance, in March 2022, the Ministry of Defense Hungary, which maintains political and civil control over the army in the country, announced that the Hungarian Armed Forces had received 40 tactical wheeled armored vehicles known as Gidran for its military from Turkey. The vehicles are 4x4 mine-resistant ambush-protected armored vehicles that Hungary’s army will use. The country has become the first European Union to permit a Turkish defense firm’s operation on its territory by accepting the Gidran for military use and constructing a production line. The major players are investing in R&D programs to develop new technologies and products.

Enhanced protection and fuel efficiency are the key aspects considered for future developments in armored vehicles. For instance, in March 2022, Rheinmetall AG, a German automotive and arms company headquartered in Düsseldorf, Germany, announced plans for a new facility in Eastern Slovakia and a significant investment in the Slovak economy. The company has invested €30 million in the project as a whole. The plant has 12,000 square meters of production lines and a 15,000 square meter test space. The new facility will be Rheinmetall’s central hub in the Slovak Republic, responsible for delivering 80% of the Ministry of Defence’s new IFVs.

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Armored Vehicle Market Report Highlights

• The combat vehicles segment led the market in 2022 accounting for over 64% of the global revenue owing to various factors. One of the main reasons for this is the increase in defense spending by various governments worldwide to strengthen their military capabilities
• The conventional armored vehicles segment held the largest revenue share of over 96% in 2022, as these vehicles are widely used in military operations and are considered to be an essential component of a nation’s defense arsenal
• The wheeled segment led the market in 2022 accounting for over 70% of the global revenue share. The primary reason for the growth is the versatility and mobility of wheeled vehicles, making them suitable for a wide range of military operations
• The manned armored vehicles segment held the largest revenue share of over 76% in 2022. The superior protection, advanced technologies, highly skilled personnel, geopolitical tensions & conflicts, and longevity & durability are all factors that contribute to the dominance of the segment in the global market
• The OEM armored vehicles segment held the largest revenue share of over 78% in 2022. OEMs often have extensive experience designing and producing military-grade armored vehicles, allowing them to incorporate the latest technologies and innovations into their products
• The Fire Control Systems (FCS) segment held the largest revenue share of over 31% in 2022. FCS are critical components of modern military vehicles, enabling accurate targeting and effective engagement of enemy targets. The increasing use of unmanned and autonomous military vehicles has further driven the demand for FCS, as these vehicles rely heavily on advanced targeting and guidance systems to carry out their missions

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Armored Vehicle Market Segmentation

Grand View Research has segmented the global armored vehicle market based on product, type, mobility, mode of operation, point of sale, system, and region:

Armored Vehicle Product Outlook (Revenue, USD Million, 2017 - 2030)

• Combat Vehicles
  • Armored Personnel Carrier (APC)
  • Infantry Fighting Vehicles (IFV)
  • Light Protected Vehicles (LPV)
  • Main Battle Tanks (MBT)
  • Mine-resistant Ambush Protected (MRAP)
  • Tactical Vehicle
  • Others
• Combat Support Vehicles
  • Armored Supply Trucks
  • Armored Command & Control Vehicles
  • Repair & Recovery Vehicles
  • Unmanned Armored Ground Vehicles

Armored Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

• Electric Armored Vehicles
• Conventional Armored Vehicles

Armored Vehicle Mobility Outlook (Revenue, USD Million, 2017 - 2030)

• Wheeled
• Tracked

Armored Vehicle Mode of Operation Outlook (Revenue, USD Million, 2017 - 2030)

• Manned Armored Vehicles
• Unmanned Armored Vehicles

Armored Vehicle Point of Sale Outlook (Revenue, USD Million, 2017 - 2030)

• OEM
• Retrofit

Armored Vehicle System Outlook (Revenue, USD Million, 2017 - 2030)

• Engines
• Drive Systems
• Ballistic Armor
• Fire Control Systems (FCS)
• Navigation Systems

Armored Vehicle Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players in the Armored Vehicle Market

• BAE Systems
• BMW AG
• Daimler AG (Mercedes Benz)
• Elbit Systems
• Ford Motor Company
• General Dynamics Corporation
• INKAS Armored Vehicle Manufacturing
• International Armored Group
• IVECO
• Krauss-Maffei Wegmann GmbH & Co. (KMW)
• Lenco Industries, Inc.
• Lockheed Martin Corporation
• Navistar, Inc.
• Oshkosh Defense, LLC
• Rheinmetall AG
• STAT, Inc.
• Textron, Inc.
• Thales Group

About Grand View Research

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

Smart Airport Market Continues to Grow

 The global smart airport market size is expected to reach USD 25.09 billion by 2025,growing at a CAGR of 10.7%. according to a new report by Grand View Research, Inc. The growth can be accredited to increased penetration of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking.

Moreover, the rising demand for various technologically-advanced non-aeronautical systems, communication systems, and security systems such as electronic bag tags is expected to boost the growth over the forecast period.

Emerging technologies and devices, such as smart access control systems, fingerprint readers, and smart card technology are being increasingly implemented by airports for enhancing the overall passenger experience. Additionally, with the introduction of smartphone-based airport applications, passengers are now able to utilize real-time information, such as gate number, arrival time, direction to airport, check-in line, and flight booking.

Companies across the globe are investing heavily on IT and digital technology to effectively streamline their business processes and provide value-added services to customers. A majority of airports are now focusing on passenger self-service solutions and are planning to implement new technologies, such as the adoption of Bluetooth-enabled beacons to provide connected airport solutions.

Contemporary airport operation and business models have led to an explosive growth of the airline industry. Rising concerns of industry participants pertaining to increased competitiveness have led to a shift in focus towards a customer-centric and data-driven approach to enhance operational efficiency. Moreover, with the emergence of Airport 3.0, airports worldwide are seeking to leverage the benefits of emerging technologies with advanced capabilities.

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Further key findings from the report suggest:

• Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions
• Airports are increasingly expanding their airside operations by providing various services, such as in-wallet scanning, and geolocation and coordination of aircraft with real-time information on landing
• Airports across developed regions, such as the U.S., have now started providing automated parking facilities, in order to capture a higher revenue share of the non-aeronautical operations segment
• Asia-Pacific is estimated to emerge as the fastest-growing region over the forecast period, owing to a steep increase in passenger traffic coupled with upgrading and implementation of new technologies in airport communication and security systems
• Major countries across Europe are adopting Bluetooth-based beacon technology to provide a personalized experience to passengers, such as indoor wayfinding and nearby promotional offers, based on data collected regarding the passengers’ spending and usage habits
• Key Players include in the smart airport Market are Amadeus IT Group S.A., Cisco Systems, Inc., Honeywell International Inc., Siemens AG, and IBM. Other companies include Sabre Corporation, Thales Group, T-Systems International GmbH, and QinetiQ Group Plc.

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Grand View Research has segmented the global smart airport market on the basis of technology, application, location, and region:

Smart Airport Technology Outlook (Revenue, USD Million; 2014 - 2025)

• Security Systems
• Communication Systems
• Passenger, Cargo, & Baggage Ground Handling Control
• Air/Ground Traffic Control
• Others

Smart Airport Application Outlook (Revenue, USD Million; 2014 - 2025)

• Aeronautical Operations
• Non-Aeronautical Operations

Smart Airport Location Outlook (Revenue, USD Million; 2014 - 2025)

• Landside
  • Vehicular Parking
  • Security
  • Advertisement
• Airside
  • Air Traffic Management (ATM)
  • Management
  • Aircraft Parking & Maintenance
• Terminal Side
  • Building Operations
  • Baggage Handling
  • Check-in Systems

Smart Airport Regional Outlook (Revenue, USD Million; 2014 - 2025)

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

About Grand View Research

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

Atherectomy Devices Market Valuation to Reach $1648.2 Million by the end of 2030: Grand View Research Inc.

Atherectomy Devices Market Growth & Trends

The global atherectomy devices market size is expected to reach USD 1,648.2 million by 2030, expanding at a CAGR of 8.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for atherectomy devices market is anticipated to boost over the forecast period due to rapidly rising incidence of target diseases such as peripheral artery disease. Favorable patient outcomes with minimally invasive procedures is also driving demand of atherectomy devices for peripheral vascular interventions.

New technologies and product approvals are expected to boost the market for orbital and laser atherectomy devices over the forecast period. For instance, in July 2018, Cardiovascular Systems, Inc. (CSI) signed an agreement with Aerolase Corp. to co-develop a new laser atherectomy device. The agreement gave CSI an opportunity to leverage Aerolase’s FDA cleared proprietary laser technology. The new laser atherectomy system will be used for treating multiple forms of peripheral arterial diseases

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Atherectomy Devices Market Report Highlights

• In 2022, the directional atherectomy segment held the largest market share owing to their capability of collecting the shaved plaque in a collecting space, which reduces the risk of barotrauma, dissection, and neointimal hyperplasia.
• Laser atherectomy devices is expected to the fastest growing segment over the next 8 years. Laser technique is perceived as to have more precision in plaque removal and cause fewer complications. It is also believed to result in lesser incidence of restenosis.
• Geographically, North America held the largest market share in 2022 and is expected to maintain its position during the forecast period. A high prevalence of Peripheral Artery Diseases (PAD) in this region is one of the key reasons for high demand of atherectomy. Almost 8.5 million people suffer from PAD in the U.S., resulting in an annual economic burden of nearly USD 160 million.
• Asia Pacific is anticipated to observe the fastest growth over the coming years. Improving economic conditions leading to increasing prevalence of lifestyle diseases, especially cardiovascular and peripheral, is the key reason for this growth.

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Atherectomy Devices Market Segmentation

Grand View Research has segmented the global atherectomy devices market based on type, and region:

Atherectomy Devices Type Outlook (Revenue, USD Million; 2018 - 2030)

• Directional Atherectomy
• Rotational Atherectomy
• Orbital Atherectomy
• Laser Atherectomy

Atherectomy Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Atherectomy Devices Market

• Boston Scientific Corporation
• Cardiovascular Systems, Inc.
• Medtronic
• Avinger
• Koninklijke Philips N.V.
• BD
• Abbott
• Cordis
• Terumo Medical Corporation

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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.