Microdisplays Market to Reflect Robust Expansion During 2018 - 2025

 The global microdisplays market size is poised to reach USD 3.42 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 19.1% during the forecast period. A microdisplay is a microminiaturized display with a diagonal screen size of less than two inches. Microdisplays are compact small-sized displays with a large number of pixels and high resolution. These are commonly used in head-mounted displays (HMDs), head-up displays (HUDs), rear-projection TVs, and digital cameras. Increasing adoption of consumer electronics, rising consumer preferences for miniature displays, and widening application scope of the product are among the primary growth stimulants for the market.

Microdisplays utilize CMOS (complementary metal - oxide - semiconductor) chips that include a two-dimensional array of transistors. Microdisplays are being increasingly used in rear-projection TVs to increase voice and image clarity, besides reducing the overall cost. Excellent picture quality, high resolution, compact size, and low power consumption have led to increased adoption of microdisplays in consumer electronics, military & defense, and medical applications. In 2017, LCD-based displays dominated the market owing to their low cost, relatively high brightness, and a rather simple manufacturing process.

Moreover, high consumer demand for small form factor (SFF) microdisplay devices with improved features, such as faster response, more colorfulness, higher power efficiency, and better contrast is projected to create significant opportunities for vendors in the market. Furthermore, OLED is a next-generation technology replacing LCD in several applications, such as digital cameras, fitness watches, and smartphones.

Key manufacturers are also highly focused on R&D initiatives to innovate new display technologies based on OLED, LCoS (Liquid Crystal on Silicon), and holographic displays. For instance, in May 2018, Sony Semiconductor Solutions Corporation introduced a high-class UXGA resolution OLED microdisplay with the smallest pixel size of 6.3 micrometers.

These displays are being increasingly used for military and medical applications, such as monochrome night-vision systems to provide an improved visual experience to soldiers, real-time augmented displays, and monitoring patient vitals. This, in turn, is anticipated to drive the microdisplays market over the forecast period.

Prominent market players are strategically focusing on partnership agreements that would help them to introduce new products and enhance their geographical presence. High manufacturing costs associated with these displays are estimated to hamper the growth of the global microdisplays market.

Access Research Report of Microdisplays Market@ https://www.grandviewresearch.com/industry-analysis/microdisplays-market

Further key findings from the study suggest that:

• North America held the highest share in the market in 2017 owing to rising demand for digital cameras viewfinders in military and defense applications. High military spending to provide their soldiers OLED microdisplay-based night vision systems is poised to stimulate the growth of the regional market
• Asia Pacific is likely to witness the highest growth during the forecast period owing to spiraling adoption of smart devices by a large number of consumers and increasing demand across various industries
• Burgeoning popularity of VR gaming headsets and smart glasses among consumers is expected to contribute to the growth of the near-to-eye segment
• Prominent market players such as Sony Semiconductor Solutions Corporation, Kopin Corporation, and eMagin Corporation are focused on developing technologically advanced display solutions to enhance resolution and reduce associated manufacturing costs of finished products.

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Grand View Research has segmented the global microdisplays market on the basis of technology, projection, application, and region:

Microdisplays Technology Outlook (Revenue, USD Million, 2015 - 2025)

• OLED
• LCD
• DLP
• LCoS

Microdisplays Projection Outlook (Revenue, USD Million, 2015 - 2025)

• Near-to-Eye
• Projection
• Others

Microdisplays Application Outlook (Revenue, USD Million, 2015 - 2025)

• Consumer Electronics
• Military & Defense
• Medical
• Industrial
• Automotive
• Others

Microdisplays Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
• RoW
  • Brazil
  • MEA

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 Cards Market is Anticipated to Reach at a CAGR of 5.7% through 2030| Top Industry Leaders Inside Secure SA, NXP Semiconductors NV

 

Smart Card Market Growth & Trends

The global smart card market size is expected to reach USD 21.73 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 5.7% from 2023 to 2030. Smart cards play a vital role across diverse domains, including credit cards and various payment cards. They are especially employed in scenarios necessitating not only secure and rapid transactions but also safeguarding personal data. This encompasses credit cards, different payment card types, government IDs, corporate identification cards, and transit fare payment cards. Moreover, these cards extend their utility to serve as legal documentation in instances, such as e-passports and visas. Several key factors significantly influence the growth of the market 

One of the primary drivers is the increasing product adoption within the BFSI sector, where their usage is becoming more prevalent. In addition, there's a notable surge in demand for contactless smart cards, propelling market expansion. The ongoing technological advancements, including the expansion of blockchain and the Internet of Things (IoT), play a key role in boosting market growth by introducing innovative possibilities. For instance, in September 2021, Standard Chartered Bank unveiled a cutting-edge smart credit card designed to cater to the evolving digital preferences of clients. This distinctive card is poised to provide everyday advantages tailored to the digital-first way of life. The new smart card brings hassle-free borrowing and a suite of digital rewards and self-service functionalities.

Rapid development in telemedicine and other healthcare technologies is expected to drive the market growth. Patients use smart cards to receive medical care remotely through telemedicine platforms. In addition, the product demand is rising as healthcare providers and patients seek more secure and convenient ways to access medical treatments. For instance, in Belgium, patients are equipped with dedicated smart cards. These cards serve as repositories for the patient's personal health records and medication details. They empower healthcare professionals to conveniently and securely access patients' health information. This innovation emphasizes the substantial advantages of smart cards to modern healthcare practices, streamlining the process of obtaining and sharing critical health-related data.

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Smart Card Market Report Highlights

• The MPU microprocessor segment led the market in 2022, accounting for over 59% share of the global revenue owing to the increasing need for secure transactions, data protection, and reliable user identification across digital platforms
• The contactless segment led the market in 2022, accounting for over 53% share of the global revenue. Contactless smart cards, such as RFID-based cards, allow for quick and convenient transactions without physically inserting the card into a reader or terminal. This speed and ease of use make them highly appealing to consumers and businesses, leading to increased adoption
• The communication segment held the largest revenue share of over 40% in 2022. The rise of e-commerce and digital payment platforms has increased the need for secure and reliable communication channels to facilitate online transactions
• The telecommunication segment held the largest revenue share of over 40% in 2022, owing to the continued growth in the number of mobile subscribers and the expansion of mobile networks
• Asia Pacific dominated the market in 2022, accounting for over 39% share of the global revenue. Many countries in the Asia Pacific are actively pursuing digital transformation initiatives. This includes adopting smart card technologies for e-government services, digital identification, and smart city projects

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Smart Card Market Segmentation

Grand View Research has segmented the global smart card market based on type, interface, functionality, application, and region:

Smart Card Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Memory
• MPU Microprocessor

Smart Card Interface Outlook (Revenue, USD Billion, 2017 - 2030)

• Contact
• Contactless
• Dual Interface

Smart Card Functionality Outlook (Revenue, USD Billion, 2017 - 2030)

• Transaction
• Communication
• Security & Access Control

Smart Card Application Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Telecommunication
• Government & Healthcare
• Retail & E-commerce
• Transportation
• Others

Smart Card Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Smart Card Market

• Block, Inc.
• CardLogix Corporation
• CPI Card Group Inc.
• Giesecke+Devrient GmbH
• HID Global Corporation
• IDEMIA
• INTELIGENSA
• Samsung Electronics Co., Ltd.
• Sony Corporation
• Thales

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.

Refrigerant Market Valuation to Reach USD 30.37 Billion by the end of 2025: Grand View Research Inc.

 The global refrigerant market size is expected to reach USD 30.37 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving market growth. 

Regulations across EU, Japan, China, and U.S. have prompted consumers to shift toward hydrocarbon and inorganic refrigerants, with its demand predicted to increase drastically over the forecast period. The fluorocarbons segment accounted for over 50% of the overall consumption in 2016.

Inorganics emerged as the second-largest product segment in terms of revenue. Thermal efficiency of the product has enabled its penetration across industrial applications. Low cost, easy availability, and eco-friendly characteristics are key factors boosting its demand in industrial areas.

The Asia Pacific market for refrigerants has reported strong demand in recent times. Growth in industrial activity and productivity across China and India will continue to spur demand for refrigeration across residential, industrial, and commercial sectors. China represented more than one fifth of the global consumption in 2016.

Companies are constantly striving to consolidate their presence through product development, regional expansions, and application diversification strategies. Innovative and cost-effective products that meet both end-user specifications and regulatory standards are key determinants for competitive edge.

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Further key findings from the report suggest:

• The global refrigerant demand was estimated at 1.73 million tons in 2016 and is expected to rise at a CAGR of 5.4% from 2017 to 2025
• The United Nations Framework Convention on Climate Change has played a pivotal role in regulating the use of refrigerant products and has compelled industry participants to develop alternative sources
• Europe is the second largest consumer, with the mobile air conditioning, industrial, and commercial refrigeration sectors exhibiting strong demand. A standard environmental policy across EU has impelled regional manufacturers to invest extensively in R&D
• The hydrocarbon refrigerant segment is expected to witness a CAGR of 8.9% in terms of volume over the forecast period. Energy efficiency, low cost, and ecofriendly nature of the product are key traits positively influencing demand
• Domestic refrigeration is estimated to emerge as the most promising segment in terms of volume, exhibiting a CAGR of 6.2% over the forecast period
• Some of the key players in the market are Honeywell International, Daikin Industries Limited, Arkema S.A., Linde Group, and The Chemours Company.

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

Refrigerant Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Fluorocarbon
• Hydrocarbon
• Inorganic
• Others

Refrigerant Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Industrial Refrigeration
• Domestic Refrigeration
• Transport Refrigeration
• Commercial Refrigeration
• Stationary Air Conditioning, Chillers & Heat Pumps
• Mobile Air Conditioning

Refrigerant Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

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

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.

Nurse Call Systems Market to Reach USD 4.2 Billion by 2030: Grand View Research Inc.

 Nurse Call Systems Market Growth & Trends

The global nurse call systems market size is expected to reach USD 4.2 billion by 2030, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.11% from 2023 to 2030. The growth of the market can be attributed to the rising use of digital healthcare and the increasing need for patient safety and care. Furthermore, continuous technological advancements to bring new levels of communication enabling the widest range of applications configuration at home care, hospitals, or residential facilities are predicted to boost market demand.

The growing elderly population and rising risk of diseases such as chronic respiratory disease, hypertension, cardiovascular disease, and diabetes are increasing the demand for healthcare services. This patient population needs assistance to complete their day-to-day activities, thereby surging the demand for nurse call systems in some healthcare facilities. It ensures the safety of patients in the ward. Increasing demand for integrated and diversified hospital communication systems is anticipated to favor the market growth.

The COVID-19 pandemic has indiscriminately increased the pressure on healthcare facilities and professionals. As a result, the need for wireless communication devices increased in hospitals. Nurse call systems helped to decrease the burden on the existing staff force during the pandemic when hospitals were managing COVID-19 patients above their occupancy levels. Various manufacturers expanded their manufacturing capacity to meet the sudden surge in demand.

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Nurse Call Systems Market Report Highlights 

• Based on technology, the wired communication equipment segment dominated the market in 2022. Wired systems have traditionally been used in several healthcare facilities to inform caregivers of a patient's needs
• The high growth of the wireless communication equipment technology segment can be attributed to factors such as low cost of installation, easy integration with other devices, and ease of mobility. In January 2019, the Hill Rom launched its LINQ mobile application for improvement in communication between the patient and caregiver formerly in the U.S. and Canada with further expansion to Europe
• In the type segment, integrated communication systems held the largest revenue share in 2022 owing to the advancement in communication devices, availability of data to be used by healthcare personnel, and rising demand for improved quality of care
• On the basis of application, the wanderer control segment dominated the market in 2022 owing to the ease of communication, growing demand for digital technology, and rising aging population
• North America dominated the market in 2022 owing to the adoption of the latest technology, the presence of established healthcare infrastructure, and advanced digital healthcare in the region 

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Nurse Call Systems Market Segmentation

Grand View Research has segmented the global nurse call systems market based on technology, type, application, end-use, and region:

Nurse Call Systems Technology Outlook (Revenue, USD Billion, 2016 - 2030)

• Wired Communication Equipment
• Wireless Communication Equipment

Nurse Call Systems Type Outlook (Revenue, USD Billion, 2016 - 2030)

• Integrated Communication Systems
• Buttons
• Mobile Systems
• Intercoms

Nurse Call Systems Application Outlook (Revenue, USD Billion, 2016 - 2030)

• Alarms & Communications
• Workflow Optimization
• Wanderer Control
• Fall Detection & Prevention

Nurse Call Systems End-use Outlook (Revenue, USD Billion, 2016 - 2030)

• Hospitals
• ASCs/Clinics
• Long-Term Care Facilities

Nurse Call Systems Regional Outlook (Revenue, USD Billion, 2016 - 2030)

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

List of Key Players of the Nurse Call Systems Market

• Hill-Rom Holding, Inc.
• Rauland Corporation
• Honeywell International, Inc.
• Ascom Holding AG
• TekTone Sound and Signal Mfg., Inc.
• Austco Healthcare
• Stanley Healthcare
• Critical Alert Systems LLC
• West-Com Nurse Call Systems, Inc.
• JNL Technologies
• Cornell Communicationse

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.

Portable Generator Market to Reflect Robust Expansion During 2023-2030: Grand View Research Inc.

 Portable Generator Market Growth & Trends

The global portable generator market size is expected to reach at USD 6.79 billion by 2030, registering a CAGR of 5.3% in the forecast period, according to a new report by Grand View Research, Inc. Factors such as the rising demand for electricity, the unreliable grid infrastructure, the desire for solutions for emergency backup power, and the requirement for a consistent supply of electricity are driving the market for portable generators. Moreover, power failures have prompted the introduction of standby power systems and portable generators, which may easily be carried out while meeting the need for a dependable and regular electricity supply.

With the increasing frequency of power outages and natural disasters, such as hurricanes, tornadoes, and wildfires, homeowners and businesses across the globe are becoming more reliant on portable generators to provide uninterrupted power supply during emergencies. When the power goes out, portable generators can provide a reliable source of electricity to keep essential appliances and equipment running, such as lights, refrigerators, medical equipment, and communication devices. This is particularly important for businesses that rely on electricity to operate, such as hospitals, data centers, and manufacturing plants.

Technological advancements are driving the market, with the development of smart and connected generators that can be controlled remotely using mobile apps. These generators are equipped with sensors and communication technology that enables users to monitor and adjust various parameters from their smartphones, making them more convenient and user-friendly. Moreover, portable generators are also use for providing power in remote locations, and they are designed to be lightweight, compact, and easy to transport.

The COVID-19 pandemic has had a significant impact on the market. One of the most notable effects has been the surge in demand for generators as people spend more time at home and invest in emergency preparedness. With many people working and learning from home, as well as spending more time cooking and entertaining, the need for backup power has become more important than ever.

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Portable Generator Market Report Highlights

• The gasoline generator segment dominated the market in 2022. The ability of gasoline generators that can be used for a variety of purposes, including powering outdoor events and supplying backup power to homes and businesses during power outages is a major factor driving the segment growth
• The medium power generators segment is expected to expand at the highest CAGR over the forecast period. The necessity for reliable backup power and remote power generation in businesses and organizations are the key factors driving demand for these generators
• The emergency segment dominated the market in 2022. The requirement for reliable backup power in the case of power outages or crises drives the need for emergency portable generators
• The industrial end use segment is expected to expand at a moderate CAGR over the forecast period. The segment's growth can be linked to the necessity for dependable backup power in industries that rely on continuous operations, such as manufacturing and data centers
• The Asia Pacific region dominated the regional market in 2022. The region's expanding construction sector is also increasing demand for portable generators for use on job sites to power tools and equipment

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Portable Generator Market Segmentation

Grand View Research has segmented the portable generator market on the basis of product, power range, application end-use, and region.

Portable Generator Product Outlook (Revenue, USD Million, 2017 - 2030)

• Diesel Generator
• Gaseous Generator
• Gasoline Generator
• Others

Portable Generator Power Range Outlook (Revenue, USD Million, 2017 - 2030)

• Low Power (8 - 20KW)
• Medium Power (21 - 370KW)
• High Power (371 - 450KW)

Portable Generator Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prime/Continuous
• Emergency

Portable Generator End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Residential
• Industrial
  • Construction
  • Mining
  • Oil & Gas
  • Others

Portable Generator Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Portable Generator Market

• Briggs & Stratton Corporation
• Champion Power Equipment
• Caterpillar, Inc.
• Cummins Inc.
• Generac Power Systems, Inc.
• Kohler Co.
• Multiquip Inc.
• WINCO
• Yamaha Motor Corporation, U.S.A.
• Duromax Power Equipment

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.

3D Printing Materials Market Latest Innovations, Drivers and Industry Key Events 2019 – 2025: Grand View Research Inc.

 The global 3D printing materials market size is expected to reach USD 3.8 billion by 2025, growing at a CAGR of 23.9%, according to a new report by Grand View Research, Inc. Extensive R&D and technological advancements in 3D printing technologies is expected to fuel the market growth over the forecast period.

Expansion of various industries including automotive, aerospace and defense, medical, and others across the globe is projected to benefit the market growth. In addition, rising demand for 3D printing materials such as photopolymers, metals, thermoplastics, and ceramics owing to its superior strength and durability is estimated to drive the industry growth.

The demand for low cost mass manufacturing to reduce lead time and to enhance the quality and efficiency of the resultant product has emerged as the primary reason for growing popularity of the technology across all industries. In addition, factors such as low component weight and the ability to print cheaper equipment on demand and in less time is expected to drive the market.

3D printing materials are expected to witness strong growth owing to the widespread applications including consumer, aerospace and defense, healthcare, and industrial. Growing number of efforts and investments in the Asia-Pacific market owing to the presence of developing economies such as China, India, and Indonesia is expected to create a favorable scenario for the market growth.

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https://www.grandviewresearch.com/industry-analysis/3d-printing-materials-market

Further key findings from the report suggest:

• The photopolymer segment accounted for the largest market share of 38.1% in terms of revenue in 2018, as it provides high resolution and can be used to print most complex models
• The aerospace and defense application segment is anticipated to witness a CAGR of 25.3% from 2019 to 2025 owing to factors such as enhanced manufacturing process and reduced lead time as compared the traditional process
• The Asia Pacific market is estimated to exhibit a CAGR of 28.6% from 2019 to 2025 on account of rapid expansion of industries including automotive and consumer products coupled with increased spending power
• China is anticipated to witness a CAGR of 25.8% from 2019 to 2025 owing to the expansion of the industrial sector coupled with rapid adoption of 3D printing technology
• 3D printing materials Market participants across the globe have increased their R&D spending in order to develop highly efficient products for various applications.

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Grand View Research has segmented the global 3D printing materials market on the basis of material, application, and region:

3D Printing Materials Outlook (Revenue, USD Million, 2014 - 2025)

• Photopolymers
• Thermoplastics
• Metals
• Others

3D Printing Materials Application Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Aerospace & Defense
• Consumer Products & Industrial
• Medical
• Others

3D Printing Materials Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America 
  • US.
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific 
  • China
  • India
  • Japan
• Central & South America
  • Brazil
  • Argentina
• 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.

Food Safety Testing Market Set to Record Exponential Growth by 2030: Grand View Research Inc.

 Food Safety Testing Market Growth & Trends

The global food safety testing market size is expected to reach USD 38.25 billion by 2030, registering a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in the outbreak of foodborne diseases and the enforcement of stringent regulatory norms regarding optimum quality of edible items are expected to drive the demand for product safety in the market over the projected period.

Governments and food producers have undertaken extensive efforts to improve the quality of edible products owing to health concerns and economic losses caused by contamination. In addition, the presence of authorities, such as the FDA and FSSAI, to ensure conformance to quality standards for the products, is expected to result in increased safety checks. The market for this type of safety checks is highly competitive in nature as key players compete not only with other companies that conduct tests but also with the internal analytics departments of end users and government agencies.

The food safety testing market is witnessing notable technological developments such as the usage of electrical biosensors in microbiological safety testing. This is expected to reduce the analysis time with increased accuracy in results. In addition, increasing expenditure by processing companies to ensure higher quality of edible items is expected to bode well for market growth.

The existence of inadequate regulatory infrastructure in underdeveloped countries due to limited resources and lack of restructuring of food regulatory agencies is expected to limit growth. However, the industry in Asia Pacific is expected to grow owing to notable growth of food processing sector in developing economies such as India and China and the enforcement of stringent regulations regarding product safety. Increasing awareness regarding quality checks and the examining of edible products are also expected to contribute to the market growth over the forecast period.

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Food Safety Testing Market Report Highlights 

• Allergen segment accounted for 12.8% of the revenue share of the market in 2023 owing to its extensive usage in advanced production processes and minimize contamination risks
• Dairy & dairy products segment is expected to grow at a CAGR of 7.7% from 2024 to 2030 owing to increasing assessment of shelf-life for milk & dairy products to demonstrate compliance with statutory requirements
• The Asia Pacific food safety testing market is anticipated to grow at a CAGR of 9.0% over the forecast period. The market is growing owing to the implementation of stringent rules and regulation regarding the food.

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Food Safety Testing Market Segmentation

Grand View Research has segmented the global food safety testing market based on test, application, and region:

Food Safety Testing Test Outlook (Revenue, USD Billion, 2018 - 2030)

• Allergen Testing
• Chemical & Nutritional Testing
• Genetically Modified Organism (GMO) Testing
• Microbiological Testing
• Residues & Contamination Testing
• Others

Food Safety Testing Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Meat, Poultry, & Seafood Products
• Dairy & Dairy Products
• Processed Food
• Beverages
• Cereals & Grains
• Others

Food Safety Testing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
  • Peru
  • Ecuador
  • Bolivia
  • Colombia
  • Paraguay
  • Costa Rica
  • Guatemala
• Middle East & Africa
  • South Africa

List Of Key Players Food Safety Testing Market

• SGS S.A.
• NSF International
• Bureau Veritas
• Eurofins Scientific SE
• Intertek Group PLC
• Merieux Nutrisciences
• TUV SUD
• UL LLC
• Asurequality 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.

Gas Turbine Market Competitive Insight and Key Drivers 2024 to 2030: Grand View Research Inc.

 

Gas Turbine Market Growth &Trends

The global gas turbine market size is projected to reach USD 13.98 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Supportive policies majorly determine the increasing demand for gas turbines in developing markets, such as Combined Heat and Power (CHP) support scheme executed by Germany. Rapid technological advancements in the energy industry, combined with a shift in focus toward distributed power production technologies, are propelling the worldwide market forward. The industry is predicted to expand rapidly over the forecast period owing to government backing for power production technologies that minimize Carbon Dioxide (CO2) emissions around the world.

>200 MW emerged as a significant capacity segment with a revenue share of more than 73.0% in 2022. It is also estimated to be the fastest-growing segment over the forecast period. The rising power generation operations around the world, as well as the move from coal to gas-based power plants in some of the world's major countries, are driving demand in this category. The combined cycle turbines segment accounted for the largest revenue share of approximately 72.0% in 2022 and is anticipated to continue its dominance throughout the forecast period. This technology category is expected to increase at a faster rate in the coming years. These turbines use less fuel to produce the same amount of energy and eliminate transmission and distribution losses.

The power & utility segment accounted for the largest revenue share of approximately 87.0% in 2022. Increased demand for power generation is being driven by the expansion in population and urbanization around the world, which is boosting the use of gas turbines in the power and utility sectors. Led by China, Japan, Indonesia, Thailand, and India, Asia Pacific emerged as the largest regional market in 2022 with a share of more than 37.0% of the overall revenue. The region is also estimated to register the fastest CAGR over the forecast period. The region's need for electricity is being driven by rapid urbanization and the emergence of a middle-class population. The rising demand for LNG is primarily driven by the shale gas reserve and technological development in extraction and mining technology, which are consistently lowering the operational cost of gas extraction in the region.

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Gas Turbine Market Report Highlights

• In 2023, power & utility emerged as the largest application segment and accounted for a 90.0% share of the overall revenue. The increasing investments and new installations are resulting in a high share of distributed power in the global energy mix hence propelling the market
• The >200 MW segment emerged as a significant capacity segment in this market with a revenue share of more than 73.0% in 2023 owing to the growing electricity generation activities across the world
• The combined cycle turbines segment accounted for the largest revenue share of more than 88.0% in 2023 due to the high demand for open cycle gas turbine technology
• Saudi Arabia is the major end-user of gas turbines in the MEA region. This has led to a rise in the number of gas turbine providers in the country, which are working toward enhancing their market share in the country
• Major OEMs, such as Siemens Energy, General Electric, and Mitsubishi Power, Ltd., provide gas turbines. For instance, in April 2023, Mitsubishi Power completed the construction of the fifth M701JAC Gas Turbine in Thailand GTCC Power Plant Project
• North America is projected to grow at a significant CAGR over the forecast period. The region has witnessed large-scale commissioning of gas-based power

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Gas Turbine Market Segmentation

Grand View Research has segmented the global gas turbine market based on technology, capacity, end-use, and region:

Gas Turbine Technology Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

• Open Cycle
• Combined Cycle

Gas Turbine Capacity Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

• ≤200 MW
• >200 MW

Gas Turbine End-use Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)

• Power & Utility
• Industrial

Gas Turbine Regional Outlook (Volume, MW; 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
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in Gas Turbine Market

• Ansaldo Energia
• Bharat Heavy Electricals Ltd.
• Centrax Gas Turbines
• General Electric
• Kawasaki Heavy Industries, Ltd.
• MAN Energy Solutions
• Mitsubishi Power, Ltd.
• OPRA Turbines
• Siemens Energy
• Solar Turbines 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.

Mobile Robotics Market Growth in the Coming Years

 According to a new study by Grand View Research, Inc., global mobile robotics market size can be attributed to increased adoption in military & defense applications. Commercialization of automated cars due to technological advancement in mobile robotics is expected to drive the market over the next six years. Favorable regulatory scenario, including funds and grants for promoting the robotics industry is also expected to positively impact the global market.

Availability of open source platforms coupled with reduction in sensor and camera prices is expected to propel demand for domestic mobile robots such as vacuum cleaners and lawn mowers. Scarcity of experts equipped with the skill sets required for R&D may pose a challenge to market growth. Relatively low market penetration coupled with growing demand from end-use industries is expected to be a growth opportunity for key industry participants.

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Further key findings from the study suggest:

• Unmanned Ground Vehicles (UGVs) are expected to be the most dominant segment over the next six years due to a plethora of mobile robotics opportunities in military and defense. UAVs have considerable growth potential owing to their capability to cater to diverse applications such as surveying, wildlife research, mapping, security, and defense.
• The market for service applications is expected to witness high growth over the forecast period. Professional robots dominated the overall service robotics market, with a large number of applications in defense and agricultural applications. Increasing use in personal assistance and for medical purposes, such as in drug delivery, is expected to be favorable for the personal robotics market. In the industrial segment, warehousing & distribution is expected to remain the key market; other applications mainly include painting, coating, and inspection.
• Asia Pacific was the dominant regional market in 2013; it is further expected to continue being the market leader over the next six years. Increased adoption of mobile robots in industrial, agricultural, and medical applications has driven regional mobile robotics market growth. Growing domestic robots demand is expected to be the key driving force for the North America market.
• Leading market players have strived to develop robots capable of delivering and sustaining in challenging environments. There has been an increased emphasis on developing mobile-based applications to control unmanned vehicles. The industry is characterized by notable mergers and acquisitions; for instance, Adept Technology’s acquisition of MobileRobotics Inc.

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

Mobile Robotics Product Outlook (Revenue, 2012 - 2020)

• Unmanned Ground Vehicles (UGVs)
• Unmanned Aerial Vehicles (UAVs)
• Unmanned Surface Vehicles (USVs)
• Autonomous Underwater Vehicles (AUVs)

Mobile Robotics Application Outlook (Revenue, 2012 - 2020)

• Industrial
• Service

Mobile Robotics Regional Outlook (Revenue, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

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.

Hot Melt Adhesives Market Report | Business Growth 2028

 Hot Melt Adhesives Market Growth & Trends

The global hot melt adhesives market size is expected to reach USD 10.71 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.8% from 2021 to 2028. Increasing demand for hot melt adhesives in packaging applications, including cardboard and corrugated boards, is anticipated to propel market growth over the coming years.

Easy handling, little waste, and good storage life are the key characteristics augmenting the market growth. Bio-based adhesives are hot melts and are gaining popularity owing to their sustainability as they are 60% renewable and economical and are usually deployed in carton sealing and tray forming.

Rising demand for adhesives in bookbinding and bonding of shoe soles and applique is propelling the market growth. Hot melt adhesives are extensively used for bonding low-energy polymeric surfaces such as acetals, polyolefins, and polystyrene, thus driving the product demand in component assembly and the automotive industry.

Established key players are opting for sustainable methods for producing high-performance adhesives for various applications in the end-user industries. For instance, in 2021, Henkel in collaboration with Dow has launched Technomelt Supra ECO, a hot melt adhesive range that has low CO2 emission and is made by using bio-based materials.

The key players in the market are focusing on expanding their product portfolio and business verticals by mergers& acquisitions of small-scale specialty chemical manufacturers. For instance, in January 2021, Huntsman International LLC acquired Gabriel Performance Products, a company involved in manufacturing specialty additives, adhesives, and sealants. 

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Hot Melt Adhesives Market Report Highlights

• By application, the packaging segment captured the largest revenue share of more than 30.0% in 2020. This is attributed to the increasing consumption of adhesives for packing box sealing of various commodities, such as beverages, cooking oils, and bakery
• By product, the Ethylene-vinyl Acetate (EVA) segment accounted for the largest volume share of more than 40.0% in 2020 owing to its growing deployment in the consumer goods industry as it is used in padding the equipment for various purposes, such as hockey pads, fishing rods, and gloves
• Asia Pacific dominated the market with a revenue share of more than 45.0% in 2020. Growing business opportunities in the adhesives industry, coupled with an increasing demand for nonwoven products in the region, is anticipated to drive the demand for hot melt adhesives in the forecast period
• North America is expected to exhibit a CAGR of 4.3%, in terms of revenue, from 2021 to 2028. The presence of some of the largest packaging manufacturers, such as Ball Corporation, International Paper, and Owens-Illinois, is expected to drive the market

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Hot Melt Adhesives Market Segmentation

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

Hot Melt Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Ethylene-vinyl Acetate (EVA)
• Polyurethane
• Rubber
• Polyolefin
• Others

Hot Melt Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Packaging
• Assembly
• Woodworking
• Automotive
• Nonwovens
• Others

Hot Melt Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Hot Melt Adhesives Market

• Henkel AG & Co. KGaA
• B. Fuller Company
• Dow
• Sika AG
• Jowat SE
• Arkema Group
• Ashland
• 3M
• Avery Dennison Corporation
• Beardow Adams

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.

Logistics Automation Market Is Expected To Accomplish A Valuation Of Around USD 90.00 Billion By 2030: Grand View Research Inc.

 Logistics Automation Market Growth & Trends

The global logistics automation market size is expected to reach USD 90.00 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 14.7% over the forecast period. Logistics operations are critical factors in the smooth functioning of the supply chain of any business, especially low-margin, high-volume businesses. The logistics sector is witnessing a continuous increase in investments with a significant emphasis on the automation of several logistics functions. Automation enhances efficiency and aids in integrating supply chains; thus, automation is increasingly getting adopted across sectors. The growing tendency of the logistics industry towards adopting automation solutions is one of the significant factors driving the growth of the logistics automation industry.

According to a DHL report published in 2018, 80% of warehouses do not have any automation support and are still operated manually, while 15% of the total warehouses are just mechanized, which means the warehouses use sorters, conveyors, picker solutions, and other machined equipment which are not necessarily automated. The report states that only 5% of total warehouses are automated. The trend displays a remarkable opportunity for the growth of the market in the coming years as companies are increasingly adopting automation in their warehouses, including autonomous robots, automated sorting systems, conveyor systems, etc. Technological development such as communication technologies, sensors, tracking devices, computer vision, artificial intelligence, and machine learning are aiding the growth of the target market.

The e-commerce boom is resulting in increasing adoption of automation solutions owing to the enormous volumes of shipments. The e-commerce shipment volume is growing exponentially by the year, and hence the warehouses require automation solutions to meet the short delivery timelines. The e-commerce fulfillment centers are implementing automated sorting and conveyor systems and highly benefit from inventory management and order management software. Moreover, the major labor challenges faced by the logistics industry across the globe are driving the demand for logistics automation solutions.

The COVID-19 pandemic accelerated the adoption of automation technologies such as robots, conveyors, and automation software, among others, in the logistics sector. The imposed lockdowns and social distancing norms necessitated the deployment of automation tools in warehouses and logistics functions. Although there were shortages and delays in receiving the hardware equipment during the lockdown, the market displayed a positive growth trend from 2020 to 2022.

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Logistics Automation Market Report Highlights

• The hardware segment dominated the market in 2022 with a market share of about 67%. Autonomous robots are the largest sub-segment of hardware components in terms of revenue owing to the increasing demand for automated warehouse logistics
• The inventory & storage management function segment is anticipated to grow at a CAGR of 15.8% during the forecast period. The inventory & storage management ensures the stocks are maintained at optimum levels, and the demand for each product determines the stock levels
• The sales logistics segment dominated the market in 2022, accounting for a market share of about 36%. Sales logistics is a critical aspect of the supply chain as it involves moving or delivering goods to the end consumer
• The small and medium enterprises segment is anticipated to grow at the fastest CAGR of 15.6% during the forecast period. The growth can be attributed to the automation that helps SMEs to optimize their labor costs
• The order management software segment held the largest market share in 2022. The dominance of the segment is owing to the need to fulfill the orders correctly and without any delivery delays. The order management process starts when an order is placed and ends when the customer receives the order
• The retail and e-commerce segment is anticipated to grow at a CAGR of 15.2%. The growth can be attributed to the increasing preference for online shopping among consumers across the globe
• The Asia Pacific segment is anticipated to register significant growth with a CAGR of 17.2%. The growth can be attributed to the increasing investments in logistics infrastructure projects in countries such as India and China

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

Logistics Automation Market Segmentation

Grand View Research has segmented the global logistics automation market based on component, function, logistics type, organization size, software application, vertical, and region.

Logistics Automation Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware
  • Autonomous Robots (AGV, AMR)
  • Automated Storage and Retrieval Systems (AS/RS)
  • Automated Sorting Systems
  • De-palletizing/Palletizing Systems
  • Conveyor Systems
  • Automatic Identification and Data Collection (AIDC)
• Software
  • Warehouse Management System
  • Transportation Management System
• Services
  • Consulting
  • Deployment & Integration
  • Support & Maintenance

Logistics Automation Function Outlook (Revenue, USD Billion, 2017 - 2030)

• Inventory & Storage Management
• Transportation Management

Logistics Automation Logistics Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Sales Logistics
• Production Logistics
• Recovery Logistics
• Procurement Logistics

Logistics Automation Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Logistics Automation Software Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Inventory Management
• Order Management
• Yard Management
• Shipping Management
• Labor Management
• Vendor Management
• Customer Support
• Others

Logistics Automation Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

• Retail & E-commerce
• Healthcare
• Automotive
• Aerospace & Defense
• Electronics & Semiconductors
• Others

Logistics Automation Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Logistics Automation Market

• Dematic Corp. (Kion Group AG)
• Daifuku Co. Limited
• Swisslog Holding AG (KUKA AG)
• Honeywell International Inc.
• Jungheinrich AG
• Murata Machinery Ltd
• Knapp AG
• TGW Logistics Group GmbH
• Kardex Group
• Mecalux SA
• Beumer Group GmbH & Co. KG
• SSI Schaefer AG
• Vanderlande Industries BV
• WITRON Logistik
• Oracle Corporation
• One Network Enterprises Inc.
• SAP SE

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.