Wednesday 23 October 2024

Cold Chain Packaging Market: Advanced Technologies and Growth Opportunities Worldwide By 2030

 Cold Chain Packaging Market Growth & Trends

The global cold chain packaging market size is estimated at USD 59.95 billion in 2030 and is expected to grow at a CAGR of 12.6% from 2024 to 2030. The key drivers attributing to the market expansion include a significant boost in demand for cold chain packaging solutions from the pharmaceutical industry. Amidst the coronavirus pandemic, the trade and transit of temperature-sensitive drugs, medicines, and test samples are drastically increasing. Along with the pharmaceuticals market, the packaging market is anticipated to witness significant growth. The overall market growth is profoundly influenced by the high demand for perishable goods worldwide and the availability of fresh food and frozen food supplies.

The growing popularity of e-commerce as a channel for purchasing fresh goods drives the market growth. The increasing usage of e-commerce websites and mobile apps has enabled customers to order preserved food, fresh vegetables, dairy products, and daily meals. Digital retailing has given enabled consumers to purchase products from anywhere they want. The rising trend of online purchases for perishable products has led to new opportunities and challenges. These include the need for innovative solutions to provide the critical service of last-mile delivery, automated warehouse facilities to manage inventories and to reduce per-item costs, and advanced cold chain packaging solutions that would maintain the safety of fresh food products.

North America dominated the market for cold chain packaging in 2019 and is estimated to continue leading over the forecast period leveraging the high consumption rate of meat, processed food, and dairy products. Additionally, the regional market is highly fragmented with numerous market players, which has increased the regional market share. However, the current economic and political scenario has impacted industry growth. The trade conflict between the U.S. and China is expected to negatively impact the growth of the cold chain market in the U.S. In early 2018, China announced a 15% to 25% tariff on products imported from the U.S., including pork, fruits, wine, nuts, and vegetables. This high tariff imposed on food and agriculture products is expected to hinder the regional market growth.

The Middle East and Africa market for cold chain packaging is anticipated to register the highest CAGR over the forecast period on account of significant improvements in material handling, warehousing, intralogistics, and supply chain solutions. The Asia Pacific regional market is estimated to witness a significant CAGR of more than 21% from 2020 to 2027. The growth is attributed to the ever-increasing population, rapid industrialization, continued rollout of transportation and warehousing networks, and the rise in demand for processed and canned food items.

Request a free sample copy or view report summary: Cold Chain Packaging Market Report

Cold Chain Packaging Market Report Highlights

  • Amid the COVID-19 pandemic, governments across the globe are emphasizing on providing ample medicinal supply to the healthcare facilities. With the increasing tests per day, the transit of blood samples is also increasing, thereby increasing the need for reliable temperature-controlled packaging solutions in the pharmaceutical and healthcare industry.
  • The evolution of the smart technologies, such as smart boxes or smart temperature-controlled packaging solutions that provide real-time data on variations in temperature, humidity, and air pressure, is expected to drive the future growth of the market.
  • The increasing emphasis on low ozone depletion potential (ODP) and low global warming potential (GWP) gases is expected to boost demand for natural and inorganic refrigerants such as ammonia and carbon dioxide.
  • The fruits & vegetable segment is expected to grow at a significant compound annual growth rate (CAGR) of more than 20% from 2020 to 2027 owing to the increasing demand for fresh vegetables and fruits from end consumers across the globe.
  • Market players are expanding their regional presence through mergers, acquisitions, and partnerships by establishing a network of distributors located in different regions. For instance, Pelican Products, Inc. has a network of dealers located in South America (NatBio), Asia Pacific (Giddi Pharma, Pharmaserv Express, and others), and Europe (DS Smith).
  • Some of the key industry participants are Cold Chain Technologies, Cryopak A TCP Company, Pelican Products, Inc., Sofrigam, and Sonoco ThermoSafe.

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

Cold Chain Packaging Market Segmentation

Grand View Research has segmented the global cold chain packaging market report based on material, product, end use, and region 

Cold Chain Packaging Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

  • Expanded Polystyrene (EPS)
  • Polyurethane Rigid Foam (PUR)
  • Paper & Paperboard
  • Others

Cold Chain Packaging Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

  • Insulated Pallet Shippers
  • Insulated Containers
  • Vacuum Insulated Panels
  • Gel Packs
  • Others

Cold Chain Packaging End Use Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

  • Fruits & Vegetables
  • Fruit & Pulp Concentrates
  • Dairy Products
    • Milk
    • Butter
    • Cheese
    • Ice Cream
  • Fish, Meat & Seafood
  • Processed Food
  • Pharmaceuticals
    • Vaccines
    • Blood Banking
  • Bakery & Confectionaries
  • Others

Cold Chain Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

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

List of Key Players in Cold Chain Packaging Market

  • Cold chain Technologies
  • Cryopak
  • Sonoco Thermosafe
  • SOFRIGAM
  • Softbox Systems Ltd
  • Pelican Products, Inc.
  • CSafe
  • TOWER Cold Chain Solutions
  • Sealed Air Corporation
  • CoolPac
  • Nordic Cold Chain Solutions
  • Global Cooling Inc.
  • Inmark LLC
  • Envirotainer AB
  • DGP Intelsius LLC
  • Vericool, Inc.
  • Emballages Cre-O-Pack Intl
  • TemperPack Technologies, 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.

Global Market For Alkyd Resin to Witness Tremendous Growth and Expansion by 2030

 Alkyd Resin Market Growth & Trends

The global alkyd resin market size is anticipated to reach USD 6.41 billion by 2030 and is anticipated to expand at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for consumer electronics owing to the advent in technologies such as internet of things (IoT), cloud computing, edge computing, and 5G is propelling the alkyd resin market.

In the electrical and electronics industry, alkyd resins are primarily used for their excellent insulating properties and protective capabilities. They are widely applied in the production of insulating varnishes and coatings that safeguard electronic components and circuit boards from moisture, dust, and electrical interference. These resins provide a durable and reliable barrier, enhancing the longevity and performance of electrical devices. In addition, alkyd resins are used in the encapsulation of transformers, motors, and other electrical equipment, ensuring protection against harsh environmental conditions and electrical stress. Their versatility and effectiveness make them a preferred choice in maintaining the integrity and efficiency of electrical and electronic products.

Alkyd resins are used in aerospace industry primarily for protective coatings on aircraft components. These resins offer excellent durability, weather resistance, and corrosion protection, making them ideal for coating the exterior surfaces of airplanes. Alkyd resin-based paints and coatings help protect aircraft from harsh environmental conditions, such as extreme temperatures and UV radiation, while also providing a smooth, glossy finish that enhances the aerodynamics and aesthetics of the aircraft. In addition, they are used in the maintenance and refurbishment of aerospace equipment, ensuring long-lasting protection and performance. Their effectiveness in providing both protection and aesthetic appeal makes alkyd resins a valuable material in the aerospace sector.

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

Alkyd Resin Market Report Highlights

  • Based on product, the short alkyd resin segment held the largest share, accumulating USD 1.30 billion market size in 2023. This can be attributed to its increased applications in automobile sector
  • Based on formulation, the high-solids alkyds segment is expected to grow at the fastest CAGR over the forecast period, owing to the stringent environmental regulations
  • Based on end use, the automotive segment is expected to witness a rapid growth over the forecast period, due to polycarbonate film features such as lightweight, optical clarity and impact resistance
  • Asia Pacific dominated the alkyd resin market due to growing industrial, automotive, and construction industry especially in Thailand, Philippines, Bangladesh, India, Indonesia, and Vietnam
  • China was the leading manufacturer of alkyd resin in the Asia Pacific region and captured around 35.1% of the revenue market share in 2023 in this region.
  • Market players operating in polyester fiber market include Polynt SpA, Nord Composites, Manusca Chemicals Limited, Dow, Macro Polymers, and Cytech Solvay Group

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

Alkyd Resin Market Report Segmentation

Grand View Research has segmented the global alkyd resin market on the basis of product, formulation, end use, and region:

Alkyd Resin Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Short Alkyd Resin
  • Medium Alkyd Resins
  • Long Alkyd Resins

Alkyd Resin Formulation Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • High-Solids Alkyds
  • Waterborne Alkyds
  • Modifying Alkyds
  • Solvent Borne Coatings
  • Others

Alkyd Resin End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Automotive
  • Construction
  • Electrical & Electronics
  • Aerospace
  • Others

Alkyd Resin Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Alkyd Resin Market

  • Polynt SpA
  • Nord Composites
  • Manusca Chemicals Limited
  • Dow
  • Macro Polymers
  • Arkema SA
  • Cytech Solvay Group
  • BASF SE
  • Spolchemie
  • S.V Chemicals Pvt Ltd.
  • Orson Resins and Coatings Private Limited

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.

Humanoid Robot Market is Expected to Enhance $4.04 Billion Revenue By 2030: Grand View Research Inc.

 Humanoid Robots Market Growth & Trends

The global humanoid robots market size is expected to reach USD 4.04 billion by 2030, registering a CAGR of 17.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market for humanoid robots is poised for substantial growth due to rapid technological advancements leading to more efficient and affordable robot models. Furthermore, the increasing adoption of humanoid robots in military and defense applications, is expected to drive market expansion. AdditionallyIn addition, the growing trend of industry automation is anticipated to further fuel the demand for humanoid robots in various sectors.

Healthcare personnel are using humanoid robots to help in a variety of duties, including patient care, physical therapy, and monitoring. They can be designed to carry out monotonous activities, minimizing the workload on medical staff and increasing productivity all aroundwith a variety of duties, including patient care, physical therapy, and monitoring. They can be designed to carry out monotonous activities, minimizing the workload on medical staff and increasing productivity overall. For example, Fourier GR-1, a mass-produced humanoid robot developed by Fourier Intelligence, can carry patients from bed to wheelchair and help pick up objects.

Moreover, there are some cutting-edge humanoid robots being employed in operations. They provide tremendous dexterity and precision, allowing surgeons to carry out intricate procedures with more accuracy and less intrusiveness. Humanoid robot advancements are being driven by ongoing research and development in the field of some cutting-edge humanoid robots are being employed in operations. They provide tremendous dexterity and precision, allowing surgeons to carry out intricate procedures with greater accuracy and less intrusiveness. Humanoid robot advancements are being driven by ongoing research and development in robotics, making them more versatile and specialized for healthcare purposes.

The industry industry'skey players have focused on renting out their humanoids in an effort toto promote the use of the technology. For example, in December 2019, CloudMinds created a smart robot rental program that provides humanoid robots with cloud-based intelligence for entertainment at weddings, special events, conferences, trade exhibitions, and workplaces. With ambitions for robots like Cloud Patrol, Cloud Vending, Cloud Cleaning, and Cloud Assistant, the rental program began with the Cloud Pepper robot, which is well-known across several worldwide industry verticals. This would raise awareness of the advantages of technology and encourage more people to adopt it.

Moreover, the novel product launch are proposed by the industry players to enhance the product portfolio boostsindustry players propose novel product launches to enhance the product portfolio and boost the market. For instance, in July 2023 , Fourier Intelligence intends to produce 100 of its GR-1 universal humanoid robots by the end of 2023, ensuring the incredible claim that these machines will be able to lift nearly their own weight, in response to the growing need for healthcare during labor shortages and an aging population. They have a distinct focus as well. The GR-1 humanoid will be able to help pick up goods and transfer people from beds to wheelchairs.

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

Humanoid Robot Market Report Highlights

  • By component, the hardware segment dominated the market in terms of revenue share in 2023. The creation ofCreating more sophisticated actuators and motors allowed humanoid robots to move more fluidly, with greater dexterity, and perform better overall.
  • By application, the personal assistance and caregiving segment held the largest market share in 2023. These robots can be instructed to carry out basic domestic duties such as cooking, cleaning, and organizing, which eases the strain on individuals and families. Robots can also help with therapeutic tasks, including physical therapy exercises and entertainment for patients to ease their tension and anxiety, increasing segment growth.
  • By motion type, the wheel drive segment dominated the market in terms ofregarding revenue share in 2023. These robots are used as entertainment in theme parks, scientific fairs, and amusement parks. Such factors are anticipated to fuel the segment growth over the forecast period.
  • North America dominated the global humanoid robot market owing to the high demand for themdue to their high demand. This demand was caused by several factors, including an aging population, the need for personalized customer service, and the culture's emphasis on technology and innovation.

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

Humanoid Robots Market Segmentation

Grand View Research has segmented the global humanoid robots market on the basis of component, application, motion typebased on component, application, motion type, and region.

Humanoid Robot Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Hardware
  • Software

Humanoid Robot Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Research and Space Exploration
  • Education and Entertainment
  • Personal Assistance and Caregiving
  • Hospitality
  • Search and Rescue
  • Others

Humanoid Robot Motion Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Biped
  • Wheel drive

Humanoid Robot Regional Outlook (Revenue, USD Million, 2018 - 2030­)

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

List of key Pplayers in the Humanoid Robots Market

  • HYULIM Robot Co., Ltd
  • HANSON ROBOTICS LTD
  • Engineered Arts Limited
  • Honda
  • KAWADA Robotics Corporation
  • SoftBank Robotics
  • Sanbot Co
  • ROBOTIS
  • Willow Garage
  • 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.

Digital Textile Printing Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Digital Textile Printing Market Growth & Trends

The global digital textile printing market size is anticipated to reach USD 11.60 billion by 2030. It is anticipated to expand at a CAGR of 12.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Digital textile printing is experiencing robust growth, driven by several compelling factors. Advances in printing technology, the rising demand for sustainable and customizable textile solutions, and the increasing popularity of fast fashion, and rapid developments in the e-commerce sector are key drivers propelling the market.

For instance, advancements in inkjet technology, color management, and automation have enhanced the quality, speed, and efficiency of textile printing processes, allowing for more intricate and vibrant designs on a wide range of fabrics. Thus, numerous opportunities for digital textile printing solution providers exist as businesses across various sectors, including fashion, home décor, and advertising, leverage the versatility and efficiency of digital textile printing to enhance their offerings and reduce environmental impact. Moreover, the capability to produce high-quality, intricate designs quickly and cost-effectively is making digital textile printing an attractive choice for both small and large-scale operations.

A key driver of this market is the shift towards sustainability and customization in the textile industry. Consumers are increasingly prioritizing eco-friendly products, prompting manufacturers to adopt digital textile printing due to its lower environmental footprint compared to traditional printing methods. For instance, it enables the use of eco-friendly water-based inks, reduces water and energy consumption, minimizes chemical waste generation, and allows for shorter production runs compared to traditional printing methods, aligning with the growing emphasis on sustainability in the textile industry. In addition, digital printing technology excels in producing unique, personalized designs. This empowers fashion brands to cater to niche markets and offer limited-edition prints while interior designers gain the ability to create bespoke wall coverings and soft furnishings.

Europe is at the forefront of the digital textile printing revolution, significantly contributing to market growth through various applications. The fashion industry in countries such as Italy and France is leveraging digital printing to create unique, high-fashion garments quickly and efficiently, catering to the dynamic demands of fast fashion. For instance, high-street fashion brands such as Zara and H&M of France are employing digital printing for short-run production of trendy designs, allowing them to quickly adapt to fast-changing fashion trends to stay competitive in the retail industry. Meanwhile, the home décor segment in Germany and the UK is thriving as digital textile printing enables the production of customized curtains, upholstery, and other home furnishings with intricate designs and vibrant colors. This trend towards home personalization is driving the growth of digital textile printing, specifically in the home décor segment.

Request a free sample copy or view report summary: Digital Textile Printing Market Report

Digital Textile Printing Market Report Highlights

  • Digital textile printing is becoming increasingly popular due to its capability for precise and rapid printing, which shortens production time. This growth is further fueled by the expansion of e-commerce and the increasing consumer demand for unique and personalized products
  • The sublimation ink segment is anticipated to hold the largest share in 2023 and the fastest CAGR during the forecast period, owing to its versatility, vibrant colors, and durability
  • The clothing and apparel segment is expected to hold the largest share in 2023 and remain dominant owing to digital printing's ability to create personalized and trendy designs that perfectly suit the fast-paced fashion industry. In addition, digital textile printing allows for quick turnaround times and smaller production runs, which is ideal for testing new designs or catering to seasonal trends, especially in the apparel industry
  • The cotton material segment is expected to hold the largest share of 52.5% in 2023. The segment is most widely adopted for digital textile printing due to its natural feel, breathability, and widespread consumer preference. Cotton's compatibility with various types of inks, including reactive and pigment inks, also makes it a versatile choice for high-quality, durable prints
  • The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period owing to the substantial growth of the textile industry in countries such as China and India, and the increasing investments in advanced printing technologies

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

Digital Textile Printing Market Segmentation

Grand View Research has segmented the global digital textile printing market report based on process, operation, textile material, ink type, application, and region as follows:

Digital Textile Printing Process Outlook (Revenue, USD Million, 2017 - 2030)

  • Direct to Fabric
  • Direct to Garment

Digital Textile Printing Operation Outlook (Revenue, USD Million, 2017 - 2030)

  • Single Pass
  • Multi Pass

Digital Textile Printing Textile Material Outlook (Revenue, USD Million, 2017 - 2030)

  • Cotton
  • Silk
  • Polyester
  • Others

Digital Textile Printing Ink Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Sublimation
  • Pigment
  • Reactive
  • Acid
  • Others

Digital Textile Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Clothing/Apparel
  • Home Décor
  • Soft Signage
  • Industrial

Digital Textile Printing Regional Outlook (Revenue, USD Million, 2017 - 2030) 

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

List of Key Players of Digital Textile Printing Market

  • Seiko Epson Corporation
  • Mimaki Engineering
  • Kornit Digital
  • Electronics for Imaging
  • Roland DG Corporation
  • Durst Phototechnik
  • Konica Minolta
  • Ricoh
  • Colorjet
  • Sawgrass Technologies Inc
  • Spgprints B. V.
  • Atexco
  • Aeoon Technologies
  • Brother Industries
  • Agfa Graphics
  • Hollanders Printing Solutions

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.

Tuesday 22 October 2024

Global Demand for Connected Health And Wellness Solutions Market Increasing in Most Part of World 2030

 Connected Health And Wellness Solutions Market Growth & Trends

The global connected health and wellness solutions market is anticipated to reach USD 195.26 billion by 2030 and is projected to grow at a CAGR of 20.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle, thus driving market growth in the coming years. In addition, the increasing incidences of lifestyle-associated diseases require continuous health monitoring, which is expected to increase demand for connected health devices over the forecast period. In addition, the advantages associated with its usage and the availability of advanced products, such as remote sensors, adapters, and connected mobile communication devices, further augment the market growth.

In addition, the advancement in technology has fueled the market growth significantly. For instance, in March 2024, Garmin Malaysia unveiled the HRM-Fit, a new heart rate monitors specifically designed for women. With a clip-on design, it can be easily attached to medium- and high-support sports bras for optimal comfort, ensuring precise tracking of real-time heart rate and workout information. The increasing adoption of telemedicine and remote monitoring solutions is also driving the market. In addition, the rise of artificial intelligence (AI) and machine learning (ML) is enabling personalized health and wellness services, which is expected to further boost the market. The growth of the connected health and wellness solutions market is also driven by the increasing need for preventive healthcare, rising healthcare costs, and growing awareness of self-care and wellness among individuals.

Moreover, the rising demand for greater access to patient health information is the key factor contributing to the market growth. In addition, the raised awareness levels due to the supportive initiatives undertaken by government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS), are anticipated to serve this industry with future growth opportunities. The rising emphasis on developing advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the market growth. The connected health & wellness devices market is witnessing a surge in R&D investments. For instance, government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to fuel the industry growth in this region further.

Furthermore the market is expected to grow significantly due to increased investment in digital health technologies, particularly in the areas of telemedicine, wearable devices, and mobile health. For instance, in February 2024, HealthSnap and Chronic Care Management solutions for healthcare providers secured a significant funding round of USD 25 million. The Series B financing was led by Sands Capital, with new investors Comcast Ventures and Florida Opportunity Fund participating in the round. In addition, government initiatives and private investments are also fueling the growth of this market.

Request a free sample copy or view report summary: Connected Health And Wellness Solutions Market Report

Connected Health And Wellness Solutions Market Report Highlights

  • Software & services dominated the product segment in 2023, owing to associated benefits such as rising online subscriptions and downloading health information because of the augmented health consciousness amongst people
  • The wellness and prevention category in the application segment held the largest share in 2023. This can be attributed to an increase in healthcare ailments, physical exercise awareness campaigns, awareness concerning healthier lifestyles, and technological advancement in products
  • Telehealthdominated the function segment in 2023, owing to its growing usage and adoption. In addition, the COVID-19 pandemic, boosted the adoption rate of telehealth technology at a larger scale among providers. The rising importance of continuous patient monitoring for older adults and the introduction of wearable remote monitoring devices are expected to propel market growth
  • Hospitals & clinics dominated the end-user segment of the market in 2023, owing to the increased implementation of digital health technologies by these settings. Moreover, hospitals & clinics are investing in remote patient monitoring technologies as part of a value-based care model, further broadening the segment's market growth. The home monitoring category in the end-user segment is anticipated to show the fastest growth throughout the forecast period
  • North America was the largest market in 2023. The Asia Pacific region is anticipated to register rapid growth in coming years owing to increasing government assistance, increasing patient awareness levels, and improving healthcare infrastructure

Access Press Release@ https://www.grandviewresearch.com/industry-analysis/connected-health-wellness-devices-market

Connected Health And Wellness Solutions Market Segmentation

Grand View Research has segmented the global connected health and wellness solutions market based on product, function, application, end-use, and region:

Connected Health And Wellness Solutions Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Personal Medical Devices 
    • Insulin Pump
    • BP Monitor
    • Glucose Monitor
    • Personal Pulse Oximeter
    • Others
  • Wellness Products
    • Digital Pedometer
    • Body Analyzer
    • Heart Rate Monitor 
    • Sleep Quality Monitor
    • Others
  • Software & Services
    • Online Subscription
    • Fitness & Wellness App
    • Others 

Connected Health And Wellness Solutions Function Outlook (Revenue, USD Million, 2018 - 2030)

  • Clinical Monitoring
  • Telehealth

Connected Health And Wellness Solutions Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Diagnosis & Treatment
  • Wellness And Prevention
  • Monitoring
  • Others

Connected Health And Wellness Solutions End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals & Clinics
  • Home Monitoring

Connected Health And Wellness Solutions Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Connected Health And Wellness Solutions Market

  • OMRON Healthcare, Inc.
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Drägerwerk AG & Co. KGaA
  • Fitbit LLC
  • Medtronic
  • Abbott
  • Boston Scientific Corporation
  • Garmin International, Inc.
  • Apple, Inc.
  • Masimo Corporation
  • ResMed
  • NXGN Management, LLC.

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.

Digital Biomarkers Market Plying for Significant Growth During 2024-2030: Grand View Research Inc.

 Digital Biomarkers Market Growth & Trends

The global digital biomarkers market size is expected to reach USD 13.97 billion by 2030, growing at a CAGR of 22.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising adoption of mobile applications & devices related to healthcare, and rising awareness regarding the wide therapeutic applications, increased utilization of smartphones, and the introduction of novel wearable technologies. According to Accenture Health and Life Sciences Experience Survey in 2021, 26% of the people living in the U.S. experienced enhanced access to healthcare services with the adoption of healthcare applications and devices.

Further, governmental organizations have expressed interest in creating digital biomarker-based medication due to the significant hardship brought on by the Covid-19 outbreak. For instance, in March 2022, AstraZeneca teamed up with UK-based medical technology company Huma Therapeutics to develop Software as a Medical Device (SaMD) companion applications for a range of therapeutic diseases. These applications combined predictive algorithms, digital biomarkers, and real-world data.

The rising cost of drug research, combined with its low relative success rate, is fuelling rapid creation of digital biomarkers (DBMs). DBMs in this field assist in focusing on particular decentralized clinical study areas, including early-onset Alzheimer's or dementia, thereby lowering the time, failure rate of drug development, and cost. According to a blog post by a digital solutions company called healthxl, the Digital Medicine Society (DiME) lately brought together top pharmaceutical companies, including Eli Lilly, Merck, and Biogen, to ascertain a set of core standard digital endpoints for dementia and Alzheimer's disease. This was done to solve the issue of assessing the efficacy of new therapies in human subjects as well as to reduce time & money spent on research and development of new remedies.

Regional governments across the globe are supporting the adoption of biomarkers by conducting awareness programs and investing in the development of digital health. According to an article published by the UC Davis School of Medicine in 2022, the Digital Health Equity Program conducted by UC Davis Health received funding of USD 1.7 million from the federal government. This government funding is expected to contribute to the development of a regional digital public health platform capable of enhancing access to healthcare facilities for vulnerable populations in Northern California and Sacramento.

Emerging players, such as AliveCor Inc, Empatica, Inc., Huma, and VivoSense, are adopting strategies such as acquisitions, collaborations, partnerships, and new product launches is anticipated to drive the market growth over the forecast period. For instance, in January 2023, Huma, a digital health company, announced the acquisition of Alcedis to expand its capabilities in the digital clinical trial space. The goal of this acquisition is to develop healthcare solutions across various stages of development processes.

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

Digital Biomarkers Market Report Highlights

  • Based on type, wearables held the largest market share of 39.5% in 2023, owing to the emergence of new wearables for healthcare purposes. It is anticipated that the market demand for new wearable devices is expected to increase because of government authorities approving new wearable devices
  • Based on clinical practice, the diagnosis digital biomarkers held the largest market share of 32.4% in 2023. Diagnosis digital biomarkers are quantifiable indicators of health conditions or diseases, derived from digital technologies such as wearables, mobile apps, and medical devices. They enable early detection, accurate diagnosis, and personalized treatment by analyzing physiological, behavioral, biochemical, imaging, and patient-reported data. These innovative tools contribute to the advancement of healthcare by improving patient outcomes and facilitating remote monitoring and disease management
  • Based on therapeutic area,the cardiovascular disease segment dominated the market with a share of 19.8% in 2023, owing to the growing number of therapeutic applications and increasing incidences of cardiovascular disorders globally
  • Based on end use, the healthcare companies held the largest market share of 50.1% in 2023, owing to the fact that healthcare companies have been working toward integrating digital measurements across the spectrum of clinical care & research
  • North America dominated the market and accounted for a revenue share of 58.4% in 2023, owing to the strong presence of leading market players, significant product launches, and an increase in investments in the R&D biomarkers

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

Digital Biomarkers Market Segmentation

Grand View Research has segmented the global digital biomarkers market based on type, clinical practice, therapeutic area, end-use, and region:

Digital Biomarkers Type Outlook (Revenue, Million, 2018 - 2030)

  • Wearable
  • Mobile Based Applications
  • Sensors
  • Others

Digital Biomarkers Clinical Practice Outlook (Revenue, Million, 2018 - 2030)

  • Diagnostic Digital Biomarkers
  • Monitoring Digital Biomarkers
  • Predictive And Prognostic Digital Biomarkers
  • Other's (Safety, Pharmaco dynamics/ Response, Susceptibility)

Digital Biomarkers Therapeutic Area Outlook (Revenue, Million, 2018 - 2030)

  • Cardiovascular And Metabolic Disorders (CVMD)
  • Respiratory Disorders
  • Psychiatric Disorders
  • Sleep & Movement Disease
  • Neurological Disorders
  • Musculoskeletal Disorders
  • Others (Diabetes, Pain Management)

Digital Biomarkers End-use Outlook (Revenue, Million, 2018 - 2030)

  • Healthcare Companies
  • Healthcare Providers
  • Payers
  • Others (Patient, Caregivers)

Digital Biomarkers Regional Outlook (Revenue, Million, 2018 - 2030)

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

List of Key Players in the Digital Biomarkers Market

  • ActiGraph LLC
  • AliveCor Inc.
  • Koneksa
  • Altoida Inc.
  • Amgen Inc.
  • Biogen Inc.
  • Empatica Inc.
  • Vivo Sense
  • IXICO plc
  • Adherium Limited
  • Neurotrack Technologies, Inc.
  • Aural Analytic
  • Huma
  • Sonde Health, 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.

Warehouse Order Picking Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Warehouse Order Picking Market Growth & Trends

The global warehouse order picking market size is anticipated to reach USD 18.70 billion by 2030. It is anticipated to expand at a CAGR of 10.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global warehouse order picking market is experiencing significant growth, driven by various factors such as the increasing demand for automation in warehouses, the rapid development of the e-commerce industry, and the need to reduce response time and increase order fulfillment productivity.

There is a growing preference among warehouse owners to incorporate automation technologies such as barcode scanning, RFID, voice-directed picking, and robotics to reduce order processing time and increase productivity. These technologies streamline order processing, reduce human errors, lower operating costs, and improve overall productivity. For example, RFID technology can increase SKU-level inventory accuracy, voice picking can save time per pick, and robotics can handle repetitive tasks, all contributing to these benefits. Additionally, automation technologies can improve the customer experience by ensuring product availability and accuracy.

Companies are outsourcing manufacturing and storage activities across the globe, leading to intricate supply chain networks. Automated order picking and inventory management systems enable businesses to efficiently manage these complex global supply chains and meet personalized customer requirements with high accuracy and speed. Customers now expect faster delivery times, putting pressure on warehouses to process orders quickly. Automated systems such as goods-to-person robots, voice-directed picking, and automated conveyors can significantly reduce order processing times compared to manual operations.

However, implementing advanced order picking technologies such as automation systems, robotics, and warehouse management software often requires substantial upfront capital investments. This can be a significant barrier, especially for small and medium-sized businesses with limited budgets. In addition, advanced order picking solutions often require regular maintenance, software updates, and hardware upgrades to ensure optimal performance and compatibility with evolving technologies. These ongoing maintenance costs and the need for periodic upgrades can add to the overall operational expenses for businesses, potentially impacting their return on investment (ROI) calculations.

Request a free sample copy or view report summary: Warehouse Order Picking Market Report

Warehouse Order Picking Market Report Highlights

  • The cloud segment claimed the largest market share of 58.0% in 2023 in the warehouse order picking market, driven by several key factors. The cloud segment dominates the warehouse order picking market due to its scalability, cost-efficiency, and real-time data access. It allows warehouses to adapt quickly to changing demands and optimize operations without significant upfront investments. Cloud solutions offer remote accessibility, seamless integration with advanced technologies such as IoTand AI, and robust security measures, ensuring efficient and secure operations. In addition, cloud services provide continuous updates, disaster recovery, and improved collaboration capabilities, making them a highly attractive option for modernizing and streamlining warehouse order picking processes
  • The multiple order picking method segment is projected to register the fastest CAGR of 11.0%. This method enhances order accuracy through integration with advanced technologies, offers scalability to handle growing e-commerce demands, and provides flexibility for diverse product types and order sizes. In addition, by consolidating the picking of multiple orders into a single trip, multiple order picking minimizes the travel distance within the warehouse. This reduction in travel time leads to faster order fulfillment and increased throughput
  • The conveyor segment dominated the warehouse order picking market in 2023. Conveyors can easily integrate with other automated systems, such as automated storage and retrieval systems (AS/RS), robotic pickers, and warehouse management software, creating a streamlined and highly efficient order picking process. In addition, conveyor systems can be expanded and reconfigured relatively easily to accommodate changes in warehouse layout or increases in order volume, providing scalability for growing businesses
  • The e-commerce segment is projected to register the fastest CAGR of 13.4%. Consumers are increasingly turning to e-commerce for a wide variety of products, from everyday essentials to luxury items, leading to a surge in demand for efficient order fulfillment processes. E-commerce platforms often face a high volume of small, frequent orders compared to traditional retail, necessitating sophisticated order picking systems that can handle this high order density quickly and accurately. This surging demand compels e-commerce businesses to invest in advanced warehouse technologies and methodologies to maintain high service levels and customer satisfaction, driving the growth of the warehouse order picking market
  • North America, led by the U.S., dominated the warehouse order picking market in 2023. North America is at the forefront of adopting advanced technologies such as automation, robotics, artificial intelligence(AI), and the Internet of Things (IoT). Additionally, the U.S. has a large and diverse retail sector, both online and offline. This diversity requires sophisticated logistics and order fulfillment systems to manage the wide variety of products and order types, further boosting the demand for advanced warehouse order picking solutions
  • In March 2023, Swisslog Holding AG introduced the latest iteration of its CarryPick mobile robotic goods-to-person retrieval and storage system. The next-generation solution boasts enhanced capabilities, including faster and more agile AGVs. By leveraging these advancements, Swisslog Holding AG aims to elevate performance levels and accelerate the return on investment for its valued customers

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

Warehouse Order Picking Market Segmentation

Grand View Research has segmented the global warehouse order picking market on the basis of deployment, order picking method, technology, end use, and region:

Warehouse Order Picking Deployment Outlook (Revenue, USD Million, 2017 - 2030)

  • Cloud
  • On-premises

Warehouse Order Picking Method Outlook (Revenue, USD Million, 2017 - 2030)

  • Single Order Picking
  • Multiple Order Picking

Warehouse Order Picking Technology Outlook (Revenue, USD Million, 2017 - 2030)

  • Automated Storage and Retrieval Systems (AS/RS)
  • Automated Guided Vehicles/Autonomous Mobile Robot (AGV/AMR)
  • Conveyor Systems
  • Scanners
  • Others

Warehouse Order Picking End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Construction
  • Manufacturing
  • Retail
  • E-commerce
  • Healthcare, Pharma & Cosmetics
  • Transportation & Logistics
  • Others

Warehouse Order Picking Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Warehouse Order Picking Market

  • Honeywell International
  • Körber AG
  • Bastian Solutions, LLC
  • Knapp AG
  • Barcodes, Inc.
  • Swisslog Holding AG
  • Dematic (KION Group AG)
  • TGW Logistics Group
  • AB&R (American Barcode and RFID)
  • BEUMER 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.

Onychomycosis Market to Record an Exponential CAGR by 2030: Grand View Research Inc.

 Onychomycosis Market Growth & Trends

The global onychomycosis market size is estimated at USD 4.94 Billion in 2030 and is expected to grow at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the onychomycosis market is attributable to the increasing incidence of onychomycosis and chronic diseases aided by rising awareness about treatment. The infection leads to psychological and social limitations which can limit an individual's ability to work and socialize which makes it important to provide effective and efficient treatment for patients suffering from the infection further propelling the market growth.

Rising rate of onychomycosis is the key factor contributing to the overall growth of the market. The infection, often known as toenail fungus or fungal nail infection, affects over 14% of the total population in the U.S. However, most people are unaware of how harmful toenail fungus is, despite it is extremely contagious in nature and increasing the risk of developing with age.

International organizations such as the Global Nail Fungus Organization are working with public health officials and healthcare professionals worldwide to increase awareness and improve the prevention and treatment of nail fungus across the globe. This is anticipated to propel the demand for therapeutics. Government initiatives such as Think Fungus by the Centers for Disease Control and Prevention (CDC), emphasize the significance of detecting fungal diseases such as onychomycosis, early enough in the course of a patient's condition to ensure the administration of relevant therapy. This is inducing a surge in demand for onychomycosis therapeutics and is expected to drive market growth in the country.

Furthermore, the key players are focusing on collaborations and partnerships to develop novel onychomycosis therapies and to maintain their competitive position in the market. For instance, in August 2022, Moberg Pharma AB entered into a distribution agreement with Padagis Israel Agencies Ltd. that is expected to give Padagis exclusive rights for selling and marketing MOB-015, a treatment for onychomycosis in Israel. Moreover, innovations to address the concerns such as improving patient compliance and reducing the dosage are expected to fuel the market growth. For instance, in October 2021, Intas Pharmaceuticals launched SB 100mg under the brand name Itaspor-SB Forte/Subawin which is the world's first Super Bioavailable Itraconazole. This initiative is expected to significantly increase patient compliance and reduce the cost of therapy.

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

Onychomycosis Market Report Highlights

  • Distal subungual onychomycosis segment dominated the market in 2022 and is attributable to the increasing prevalence and number of generic approvals by the FDA to meet the rising demands
  • Topical segment is expected to show the fastest growth rate over the forecast period owing to ease of usage and administration which leads to increased patient compliance with treatment
  • Players have an increased focus on acquiring specialized capacities that are highly capital-intensive to develop and maintain their competitive position
  • North America held the largest market share in 2022 which can be attributed to better access to healthcare, the presence of a wide target population, and high adoption of treatment

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

Onychomycosis Market Segmentation

Grand View Research has segmented the global onychomycosis market based on the type, treatment, and region 

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

  • Distal Subungual Onychomycosis
  • White Superficial Onychomycosis
  • Proximal Subungual Onychomycosis
  • Other Types

Onychomycosis Treatment Outlook (Revenue, USD Million, 2018 - 2030)

  • Oral
  • Topical
  • Others

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

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

List of Key Players in Onychomycosis Market

  • Bausch Health Companies Inc.
  • GSK plc
  • Abbott
  • Pfizer Inc.
  • Bayer AG
  • Teva Pharmaceutical Industries Ltd.
  • Cipla Inc.
  • Merck & Co., Inc.
  • Novartis AG
  • Sun Pharmaceutical Industries Ltd.

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.

Monday 21 October 2024

Powder Fire Suppression Systems Market Set to Witness an Uptick during 2024 to 2030: Grand View Research Inc.

 Powder Fire Suppression Systems Market Growth & Trends

The global powder fire suppression systems market size is anticipated to reach USD 6.17 billion by 2030 and is projected to grow at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing population and rising demand for the residential sector are likely to augment the installation of new powder fire suppression systems in the residential segment over the forecast period.

The high-rise building construction projects around the world have been rising rapidly owing to the growing demand from the residential and commercial sectors. According to the report issued by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in May 2024, the seasonally adjusted annual rate for new privately-owned residential building construction stood at 1,360,000, marking a 5.7% increase from the revised estimate of 1,287,000 in March. Such a high number of residential housing construction is likely to generate demand for effective fire suppression systems.

The rising industrial output and manufacturing activities worldwide are contributing to the market growth. Industries such as automotive, chemical, oil and gas, mining, textile, electronics, and power and electricity are continuously growing at a robust rate. These industries deal with flammable substances on a daily basis, which makes them more susceptible to fire hazards.

The rising government initiatives and the upgradation of fire safety rules and regulations are likely to have a positive impact on the market growth. For example, the National Fire Research Laboratory (NFRL) at the National Institute of Standards and Technology (NIST), Maryland, U.S., provides a collaborative opportunity for industry experts, government authorities, and researchers to study fire behavior and build structural responses to fire. Such initiatives are anticipated to drive innovation activities for new technologies and techniques for fire suppression systems intended for manufacturing and other sectors.

Rising industrial output and manufacturing activities across the world are contributing to the market growth. With economic growth and rising disposable income, consumer spending on various commodities and goods is constantly rising. This rising demand ultimately creates an upsurge in the growth of industrial manufacturing, which is expected to propel the demand for powder fire suppression systems over the forecast period.

The market is witnessing rapid growth with the deployment of AI-assisted and cloud-based fire detection and suppression technologies. With the increasing use of synthetic materials such as acrylic, polyester, and nylon, which are highly flammable and burn vigorously, the need for powder fire suppression systems is rising across the world. In addition to that, the growing adoption of electric vehicles to control greenhouse gas emissions is expected to boost the use of lithium-ion batteries. This requires specialist dry powder fire extinguishers such as L2 powder extinguishers.

Request a free sample copy or view report summary: Powder Fire Suppression Systems Market Report

Powder Fire Suppression Systems Market Report Highlights

  • Based on application, the industrial segment led the market with the largest revenue share of 44.8% in 2023. This is significantly attributed to the established regulation and higher implementation of safety protocols for the industrial sector
  • The residential segment is expected to grow at a lucrative CAGR of 5.6% over the forecast period, owing to the increasing construction of high-rise buildings and growing regulations
  • North America accounted for the majority of the market revenue share of 45.6% in 2023. This is attributed to the higher implementation of stringent regulations and greater consumer awareness
  • Asia Pacific is anticipated to grow at the fastest CAGR of 6.7% during the forecast period. The rising population and growing industrial output, coupled with the development of strong regulations, are likely to augment the demand for powder fire suppression systems
  • In March 2024, Carrier Global Corporation, a prominent company specializing in smart climate and energy solutions, announced that it has reached a final agreement to divest its industrial fire business division to Sentinel Capital Partners at an enterprise value of USD 1.42 billion

Access Press Release@ https://www.grandviewresearch.com/press-release/global-powder-fire-suppression-systems-market

Powder Fire Suppression Systems Market Segmentation

Grand View Research has segmented the global powder fire suppression systems market report based on application and region:

Powder Fire Suppression Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential
  • Commercial
  • Industrial
    • Automotive
      • Paint Booths
      • Inflammable Liquid Storage
      • Others
    • Chemical
    • Oil & Gas
    • Power & Generation
    • Aviation
    • Mining
    • Others

Powder Fire Suppression Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Powder Fire Suppression System Market

  • Johnson Controls
  • Carrier
  • Reliable Fire & Security
  • Koorsen Fire & Security
  • Gielle Group
  • Afex Fire Suppression Systems
  • American Fire Technologies
  • Fireaway Inc.
  • Buckeye Fire
  • Amerex Corporation
  • AKRONEX International Fire Engineering Inc.
  • SIEX
  • Hochiki Corporation
  • NAFFCO FZCO
  • Halma plc

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.

AI-based Surgical Robots Market is Expected to Amplify USD 25.2 Billion Value by 2030: Grand View Research Inc.

AI-based Surgical Robots Market Growth & Trends The global  AI-based surgical robots market  size is expected to reach USD 25.2 billion ...