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Earthmoving Equipment Market Worth $184.56 Billion By 2022

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The global earthmoving equipment market is expected to reach USD 184.56 billion by 2022, according to a new study by Grand View Research, Inc. Technological advancements such as facilitation of real-time monitoring for detecting and monitoring equipment failure are anticipated to fuel product demand.

Vendors are increasingly investing in R&D to develop solutions in order to improve machine operations. Technology products such as AccuGrade Grade Control System and Computer Aided Earthmoving System (CAES) are increasingly being incorporated. Manufacturers also offer products with GPS technology and other electronic control modules and database tools for enhancing product offering.

Increasing mechanization of construction processes coupled with strong economic growth in Asia Pacific earthmoving machinery market is anticipated to boost consumption in the region. Rising expenditure on infrastructure activities is also expected to escalate demand significantly over the coming years.

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http://www.grandviewresearch.com/industry-analysis/earthmoving-equipment-market

Further key findings from the study suggest:

Loaders segment accounted for over 45% of the overall consumption in 2014 and is expected to shrink over the next seven years. Demand balancing is anticipated to take some time as the industry is expected to continue to be serviced with large number of existing units.
Excavators market was valued over USD 30 billion in 2014 and is expected to exhibit high growth over the forecast period. Escalating demand across broad residential applications such as public and private infrastructure development would drive demand extensively. Rising adoption in the commercial sector is another key factor driving industry growth.
Construction equipment industry is expected to reach over USD 100 billion by 2022. Strong economic growth coupled with increasing consumer spending on infrastructure activities is anticipated to fuel product demand over the forecast period.
Private construction spending accounted for over 75% of the total construction industry spending in 2014. Increasing government investment in infrastructure development particularly in developing nations of Asia Pacific is expected to spur demand. Growing urbanization paired with increasing demand from corporate sector for infrastructure development may also drive industry growth.
Asia Pacific earthmoving equipment market accounted for over 50% of the industry share in 2014 and is estimated to exhibit high growth prospects over the next seven years. Emergence of lease-based machinery along with private investment in real estate is further expected to propel demand.
Middle East earthmoving equipment market is expected to grow at a CAGR of over 9.5% from 2015 to 2022. Growing large scale construction projects especially in the Middle East countries is expected to increase demand for these products over the next few years. Technological advancements and improvement in the quality and after-market services offered by vendors is also anticipated to drive industry growth.
Key competitors dominating the earthmoving equipment industry include Doosan Infracore Ltd., Caterpillar, Komatsu Ltd., Sany Heavy Industries Co. Ltd and Liebherr. Industry participants emphasize on offering low cost products over energy-efficient products, particularly in price sensitive markets. Manufacturers also focus on lowering production cost and meet emission regulations set by the various regulatory bodies. Chinese manufacturers are increasing their international presence in the wheel loaders industry, competing with enormous array of manufactures in this segment.

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

Browse Similar Reports By Grand View Research:
http://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Earthmoving Equipment Product Outlook (Revenue, USD Million, 2012 – 2022)

Excavators
Loaders
Others

Earthmoving Equipment Application Outlook (Revenue, USD Million, 2012 – 2022)

Construction
Others

Earthmoving Equipment Regional Outlook (Revenue, USD Million, 2012 – 2022)

North America
U.S.
Canada
Europe
Germany
UK
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
MEA

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Global Inhalation anesthesia market is expected to reach USD 1.50 billion by 2022, according to a new study by Grand View Research Inc

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Global Inhalation anesthesia market is expected to reach USD 1.50 billion by 2022, according to a new study by Grand View Research Inc. Inhalation anesthesia market is expected to witness lucrative growth over the forecast period.

Key factors attributing to its rapid growth include increasing geriatric population prone to chronic diseases such as cardiovascular, respiratory, cancer, neurological and other health ailments such as gastro, orthopedic and spinal problems.

Increasing number of emergency cases and growing demand for short stay ambulatory day care surgical procedure are amongst critical success factors accounting for rapid market growth.

Growing penetration of universal health insurance coverage to wider population and constant improvements in healthcare infrastructure in various developing countries are expected to positively impact the number of surgeries performed thus, increasing the usage rates of inhalation anesthetics over the next seven years.

The inhalation anesthesia market comprises products such as sevoflurane, isoflurane and desflurane. These are used for induction and maintenance of anesthesia for patients during surgical procedures.

Explore more about global Inhalation anesthesia market:
http://www.grandviewresearch.com/industry-analysis/inhalation-anesthesia-market

Further key findings from the study suggest:

Sevoflurane market was the largest product group, accounting for over 70.0% demand in 2014, owing to its therapeutic advantages, low cost and higher potency for the induction of anesthesia. However, isoflurane is expected to witness lucrative growth of nearly 12.0% over the forecast period owing to its usage in the maintenance of anesthesia.
In 2014, North America inhalation anesthesia market accounted for nearly 43.0% of the total revenue. Key factors accounting for its large share include increasing prevalence of chronic diseases and geriatric population and presence of advanced healthcare facilities in the region.
Asia Pacific is identified as the fastest growing regional market. The increasing public and private healthcare expenditure and demand for medical tourism are some primary growth contributing factors.
The market is dominated by players such as Abbvie and Baxter. Emerging players such as Piramal Healthcare, Hikma, Lunan Pharmaceuticals are expected to intensify the generic competition and play a significant role in shaping the market dynamics.
The anesthesia recycling market is likely to gain momentum over the forecast period, due to, heightening environmental concerns. Currently, anesthesia recycling systems are developed by two companies namely Anesthesia reclamation LLC, and Deltasorb Technologies (Blue Zone Technology)

Grand View Research has segmented the inhalation anesthesia market on the basis of the following procedures:

Browse Similar Reports By Grand View Research:
http://www.grandviewresearch.com/industry/pharmaceuticals

Global Inhalation Anesthesia Market, Product Outlook (Revenue, USD Million, 2012 – 2022)

Sevoflurane
Isoflurane
Desflurane

Global Inhalation Anesthesia Market, Application Outlook (Revenue, USD Million, 2012 – 2022)

Induction
Maintenance

Global Inhalation Anesthesia Market, Regional Outlook (Revenue, USD Million) 2012 – 2022)

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Australia
China
India
Latin America
Brazil
Mexico
Middle East and Africa
South Africa

Global Solar PV Market Expected to Reach 489.8 GW by 2020

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The global installed capacity for solar PV is expected to reach 489.8 GW by 2020, according to a new study by Grand View Research, Inc. Growing push for sustainability has led to increased focus on renewable energy forms such as solar PV. In addition, favorable regulatory policies such as Feed in Tariff (FIT) is expected to further increase installed capacity, particularly along the Sunbelt countries. The reduction in price of PV modules is expected to lower the cost of energy generated by solar PV to USD 0.07 – USD 0.16, making it competitive to oil or gas fired peak power plants.

Countries with large PV potential such as Brazil, Chile and Saudi Arabia have not expanded as expected and this is expected to hamper the development of the market over the next six years. Aggressive capacity addition, particularly in China is expected to make the market oversupplied resulting in further lowering of prices. Product differentiation and innovation is extremely crucial with companies diversifying in both upstream and downstream markets, with expansion in project development and building strategic partnership. There are widespread opportunities in the form of new emerging markets and the link between reduced prices and unlocking of new markets is expected to be the key to market development.

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http://www.grandviewresearch.com/industry-analysis/solar-pv-industry

Further Key findings from the study suggest:

Utility scale solar PV was the largest end use segment for the solar PV market and accounted for over 45% of the global installed capacity. This segment is also expected to witness fastest growth on account of the growing need for power coupled with competitive prices offered by solar PV modules for power generation.
The use of solar PV for non residential application is also expected to show significant growth over the next six years with major Sunbelt countries looking to harness the potential of solar energy and employ it as a substitute to conventional forms of energy. The segment is expected to grow at a CAGR of over 20% from 2013 to 2020.
Europe had the largest installed base of solar PV in 2012 primarily due to installations in countries such as Germany, Italy, Spain and France. The total installed capacity for Europe exceeded 70 GW as of 2012. However, the region is expected to lose share owing to the rapid development of solar PV market in China and countries of Asia pacific such as India, South Korea, Taiwan and Australia.
China is expected to show the fastest growth over the next six years due and is expected to grow at a CAGR of over 35% from 2013 to 2020. The regulatory support in the country in addition to the low cost of raw materials is expected to fuel the aggressive development.
Yingli Green Energy (China) and First Solar (USA) are two of the largest companies operating in the market. The other key companies manufacturing solar PV systems include Canadian Solar, Sharp, REC, Trina Solar and Hareon Solar among others.
For the purpose of this study, Grand View Research has segmented the global solar PV market on the basis of end use and region:

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Solar PV End Use Outlook,

Residential
Non Residential
Utility

Solar PV Regional Outlook,

North America
Latin America
Europe
China
Asia Pacific
Rest of the World

Solar Pumps Market By Product (DC Surface Suction, AC Submersible, DC Submersible And AC Floating), By Application (Agriculture And Drinking Water) Expected to Reach USD 3.63 Billion by 2022

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The Global Solar Pumps Market is expected to reach USD 3,639.0 million by 2022, according to a new study by Grand View Research, Inc. Strong shift in trend towards replacing diesel and electric pumps in order to reduce reliance on conventional energy is expected to drive the global solar pumps market. Increasing government support in the form of subsidies and tax benefits particularly in emerging markets of Asia Pacific and Africa is also expected to have a positive influence on the market growth over the forecast period. However, higher upfront investment cost compared to its conventional counterparts is expected to remain a barrier for market participants.

DC surface suction pump was the largest product segment and accounted for 83.4% of the total market volume in 2014. Increasing micro-irrigation activities coupled with continuous & clean drinking water supply in remote places with irregular electric supply is expected to drive this segment over the forecast period. AC submersible pump is expected to witness the highest growth of 40.7% from 2015 to 2022. Increasing adoption of AC submersible pumps particularly in high growth markets such as India and Bangladesh is expected to drive this segment over the next seven years.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/solar-pumps-market

Further key findings from the study suggest:

Global solar pumps market was 120,786 units in 2014 and is expected to reach 1,571,028 units by 2022, growing at a CAGR of 38.1% from 2015 to 2022.
Agriculture was the largest application segment and accounted for 62.9% of total market volume in 2014. Agriculture is also expected to witness the fastest growth of 38.5% from 2015 to 2022. Increasing agricultural activities in emerging markets such as India, China, Bangladesh, Morocco and South Africa is expected to drive this segment over the forecast period.
Asia Pacific emerged as the largest regional market and accounted for 33.0% of total market volume in 2014. Asia Pacific is also expected to be the fastest growing regional market for solar pumps. The region is expected to grow at a CAGR of 43.4% from 2015 to 2022. Government support to the farmers in the form of subsidies particularly in China, India and Bangladesh is expected to drive the regional market over the forecast period. Middle East & African solar pumps market is expected to exceed USD 600 million by 2022.
Global solar pumps market is characterized by a mix of both large MNCs and small regional companies. Some major companies operating in the global market include Lorentz, TATA Power Solar Systems Ltd, SunEdison, CRI Group, Bright Solar, USL and Shakti Solar Pumping System.
For the purpose of this study, Grand View Research has segmented the solar pumps market on the basis of product, application and region:

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Global Solar Pumps Product Outlook (Volume, Units; Revenue, USD Million, 2012 – 2022)

DC Suction
AC Submersible
DC Submersible
AC Floating

Global Solar Pumps Application Outlook (Volume, Units; Revenue, USD Million, 2012 – 2022)

Agriculture
Drinking Water

Global Solar Pumps Regional Outlook (Volume, Units; Revenue, USD Million, 2012 – 2022)

North America
U.S.
Europe
Asia Pacific
China
India
Central & South America
Middle East & Africa

Renewable Aviation Fuel Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

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Report Summary:

Sensitive crude oil prices and stringent environmental regulations are expected to drive the global renewable aviation fuel market growth over the next seven years. Volatile fuel prices have been suppressing aviation market which in turn affected the conventional aviation fuel demand. Variation in fuel prices directly affected profit margin for aviation industry players. This led many companies to shift towards developing cheaper and renewable fuel. Aviation industry contributes to a significant extent in carbon dioxide emission. The Federal Aviation Administration of U.S. has forced aviation industry participants to invest in development of renewable source which is expected to assist the market growth over the forecast period. Solazyme and SG Biofuels have developed bio-based aviation fuel which has been tested and certified by ASTM. This development led them to cut down the fuel prices and compete with the conventional aviation fuels. Many aviation industry participants have committed to invest in renewable aviation fuel commercial production. Solazyme developed renewable fuel synthesized from genetically modified algae. New Zealand based company Lanzatech has also developed and planned to establish production facilities in several regions globally. The U.S. defense has shown great interest in renewable aviation fuel development and invested in testing for jet engines. High conventional aviation fuel cost has enforced defense sector to shift towards renewable fuel usage over the recent past. Established synthetic aviation fuel market is anticipated to hinder the renewable aviation fuel market over the next seven years.

To Get Full Details:http://www.grandviewresearch.com/industry-analysis/renewable-aviation-fuel-market

On the basis of application, renewable aviation fuel market has been segmented into commercial and defense. Commercial application segment is expected to be the largest market over the forecast period owing to sensitive conventional aviation fuel prices. Favorable regulations related to environmental impact targeted aviation industry. USEPA guide lined commercial aviation industry participants to develop renewable fuel to reduce carbon dioxide emission. The abovementioned factors are expected to positively affect the market. Defense is also anticipated to witness a positive impact on renewable aviation fuel market growth over the next seven years. Defense consumes a large amount of aviation fuel. High conventional fuel cost led defense to face huge expenses which forced to invest in developing renewable fuel.

Renewable aviation fuel market can be segmented on the basis of process applied into hydroprocessed fatty acids and esters and Fischer-Tropsch (FT). The U.S. military and commercial planes use a blend of FT and conventional fuel at significant extent. FT fuels are produced in several varieties with different feedstock compositions such as biomass to liquid fuels, coal to liquid fuels, coal and biomass to liquid and gas to liquid fuels. FT blended fuel was the leading market in 2013 owing to growing demand for defense planes. Hydrotreated jet fuel is also expected to witness significant growth over the forecast period. ASTM has tested blends of hydrotreated jet fuel with jet A in commercial flights and testing with military planes is in process. This is anticipated to spur the market growth over the next seven years.

Europe is expected to be the largest renewable aviation fuel market over the foreseeable future on account of huge investment in development and favorable environment regulations. Various European airline companies have tested the fuel in commercial flights which is anticipated to bolster the market growth in the region. Asia Pacific is expected to be the highest potential market region due to increasing commercial airline traffic particularly in emerging economies. Major market players include Amyris Inc., Lanzatech, SG Biofuel Inc., Total S.A. and General Biomass Company.

Fingerprint Access Control Systems Market Research Report to 2020: Grand View Research, Inc

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The global fingerprint access control systems market is expected to reach USD 4.41 billion by 2022, according to a new report by Grand View Research, Inc. Increasing security threats have generated the need for efficient identification techniques. Strict government laws and regulations have been made to ensure internal and external security. Growing opportunities from niche segments and technology developments are expected to augment industry growth.

Consumer electronics applications such as cellular phones, PDAs and portable computers, and laptops are expected to boost revenue growth over the forecast period. Personal identification is crucial in the e-commerce sector to avoid security breaches and frauds.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/fingerprint-access-control-systems-market

Biometric fingerprint technology can be implemented in a stand-alone manner or could be incorporated with smart cards, digital signatures, or other technologies. For example, in October 2014, MasterCard and Zwipe collaboratively launched a payment card with integrated biometric sensor.

Further key findings from the study suggest:

Optical, capacitive, pressure, ultrasonic, and thermal technologies dominate the market. Optical fingerprint access control was valued at over USD 900 million in 2014; it is expected to grow at a CAGR of 7.5% over the forecast period. These sensors are expensive but robust with longer life and high image quality. They are increasingly used for commercial applications, including secure login and identification.
Weapon activation and theft protection are also some applications of optical scanners. Capacitive fingerprint access control market is expected to be witness high gains owing to low cost and compact size, and increasing use particularly in smartphones and tablets.
The commercial fingerprint biometrics control systems market accounted for significant revenue share in 2014, valued at over USD 850 million in the same year. Government sector includes public sector units, law & order enforcement agencies, and prominent government buildings and institutions.
Investment in biometrics-enabled time and attendance tools are expected to experience increased demand over the forecast period. Mandates for security enhancement in government and law enforcement agencies will continue to encourage spending on biometric technologies and adopt government projects such as employee and national ID cards.
Asia Pacific biometric fingerprint readers market is anticipated to remain attractive on account of increasing government initiatives and consumer electronics demand. Additionally, promising economies, growth in foreign investments, untapped private security industry, rising business formation activities and high crime rates, are expected to contribute to Latin America and Asia Pacific growth.
Key players in the fingerprint access control market include Anviz Global, Cogent (3M), Cross Match Technologies Inc., Daon, Entertech Systems, ViRDI, and Hitachi, IDtech360, ManageID, NEC Corporation of America, Lockheed Martin, MorphoTrust, SecuGen, Safran Group, Suprema, and ZKTeco.
Consumer electronics manufacturers have been incorporating biometric sensors into their products. Samsung Electronics struck a deal with Validity Sensors (acquired by Synaptics) for manufacturing sensors for the Samsung Galaxy S5. In 2012, Apple Inc. acquired AuthenTec, and soon released its fingerprint recognition feature called TouchID on the Apple iPhone 5S and above.
Grand View Research has segmented the fingerprint access control market on the basis of technology, application and region:

Technology Outlook (Revenue, USD Million, 2012 – 2022)

Optical
Capacitive
Pressure
Ultrasonic
Thermal

Application Outlook (Revenue, USD Million, 2012 – 2022)

Commercial
Consumer Electronics
Government
Military & Defense
Banking & Finance
Healthcare
Others

Regional Outlook (Revenue, USD Million, 2012 – 2022)

North America
Europe
Asia Pacific
Latin America
MEA

Automotive Plastics Market Size To Reach $53.49 Billion By 2022

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The global automotive plastics market is expected to reach USD 53.49 billion by 2022, according to a new report by Grand View Research. Increasing demand in power train and interior & exterior furnishing applications is expected to be a major driving factor for the global industry growth over the forecast period. Plastics are increasingly being adopted as metal & alloy substitutes in automotive parts, in order to reduce overall vehicular weight, increase component performance and chemical corrosion resistance. Regulations such as CAFE in the U.S. and EC legislations in Europe aim at improving fuel efficiency and are expected to positively impact automotive plastics industry growth.

Asia Pacific dominated the global industry and accounted for more than half of the global demand in 2014. Increasing automotive production in China, India and Japan along with growing aftermarket sales in Southeast Asia are expected to be major factors driving automotive plastics demand in APAC. Electrical components and interior & exterior furnishing applications collectively accounted for over 70% of the regional volume in 2014.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

Further key findings from the study suggest:

  • Global automotive plastics market was 8.69 million tons in 2014 and is expected to grow at an estimated CAGR of 9.5% from 2015 to 2022.
  • North America demand was estimated at 882.5 kilo tons with polypropylene and polyurethane collectively accounting for over 44% of the regional volume in 2014. Increasing automotive production in the U.S. and Mexico coupled with growing passenger car exports is expected to drive the region’s growth over the forecast period.
  • Polypropylene was the leading product segment and accounted for 25.6% of the global volume in 2014. PP foams are widely used in carpet backings, interior trims, gaskets and water shields. They function as noise and vibration dampeners and thermal insulators in automotive components
  • Electrical components were the largest application segment with revenue estimated at USD 772.7 million in 2014. Plastics are increasingly being consumed in electrical housings, sensors, lighting systems, switches & sockets and displays.
  • Glass headlight lenses are widely being replaced by polycarbonate lenses. Since, glass is highly weak under high impacts; OEMs are using polycarbonate as its substitute owing to its shatter resistance and heat resistance.
    The global market is moderately concentrated in nature with top four companies accounting for just over 69% of the market share in 2014. Key industry participants include AkzoNobel, BASF, SABIC, Bayer MaterialScience, Quadrant AG, Lear Corp., Borealis AG, Teijin Ltd., Johnson Controls and Evonik Industries.
  • Grand View Research has segmented the global automotive plastics market on the basis of product, application and region

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

Acrylonitrile Butadiene Styrene (ABS)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Polycarbonate (PC)
Polymethyl Methacrylate (PMMA)
Polyamide (PA)
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

Power Train
Electrical Components
Interior & Exterior Furnishings
Under the Hood
Chassis
Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa