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San Francisco, 21 March 2023: The Report Therapeutic Respiratory Devices Market Size, Share & Trends Analysis Report By Product Type (Nebulizer, Humidifiers, Oxygen Concentrators), By Technology, By Filters, By Region, And Segment Forecasts, 2023 - 2030
The global therapeutic respiratory devices market size is anticipated to reach USD 28.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.10% from 2023 to 2030. A growing geriatric population, rapid technological advancements, and increasing prevalence of respiratory diseases are the key factors that are driving the market. Moreover, the market is expected to grow owing to rapid technological advancements in the healthcare sector. Nowadays, respiratory monitoring devices use software applications for the collection and analysis of data from ventilators equipped with the health system.
Availability of ventilation facilities during the COVID-19 outbreak improved day-to-day operational capabilities. The American Association for Respiratory Care joined forces with different organizations to train respiratory therapists on operating ventilators in the pandemic. This has further stimulated the market players to increase their production capacity to meet the additional demand. For instance, Royal Philips presented an update on its goals to double hospital ventilator production by May 2020 and reach a four-fold growth by the third quarter of 2020
Growing prevalence of respiratory diseases is one of the high-impact rendering drivers of this market. According to WHO, 3.23 million people died due to COPD, and it was the third-largest cause of death worldwide in 2019. Likewise, WHO also estimates that by 2030, the four primary potentially fatal respiratory diseases-lung cancer, tuberculosis, COPD, & pneumonia-will cause approximately one in five deaths globally, up from one-sixth of all deaths in the world in 2008.
Furthermore, growing initiatives by government and private organizations, such as COPD Foundation that encourage awareness regarding respiratory illnesses & available treatments, are creating significant potential opportunities in the market. Omron Healthcare India and Lupin Limited established a long-term strategic partnership in June 2020 to improve respiratory disease treatment programs in India, with a primary focus on patients with asthma and COPD. This collaboration will usher in a new era in terms of improving drug delivery, adherence, diagnosis, and awareness.
Access Research Report of Therapeutic Respiratory Devices Market @ https://www.grandviewresearch.com/industry-analysis/therapeutic-respiratory-devices-market
Therapeutic Respiratory Devices Market Report Highlights
The oxygen concentrator segment accounted for the largest revenue share in 2022. Growing demand for home oxygen therapy, rise in incidence of respiratory diseases, rapid growth in aging population, high tobacco consumption, and technological advancements in respiratory devices are some of the reasons driving the segment
The HEPA filter segment dominated the market in 2022 and accounted for a revenue share of over 40.0%. Prevalence of respiratory diseases and their transmission are among the factors driving the demand for HEPA filters
The ventilator filters segment is anticipated to dominate the segment over the forecast period. Increase in prevalence of respiratory disorders, anticipated to have a substantial influence on the market. Consequently, this creates opportunities for the ventilators filters market
North America dominated the market and accounted for a revenue share of over 40.0% in 2022. Market growth in this region can be attributed to the availability of latest technologies and product launches
Major key players implement strategies such as mergers, acquisitions, strategic partnerships, product launch or collaboration with local players to expand their market share. For instance, in June 2022, Medtronic & GE Healthcare received U.S. FDA 510(k) clearance and CE Mark on the combination of Microstream capnography and INVOS regional oximetry technologies on the CARESCAPE precision monitoring platform. Thus, clinicians now have additional ability to personalize care
List of Key Players of Therapeutic Respiratory Devices Market
CAIRE Inc.
Koninklijke Philips N.V.
ICU Medical (Smiths Medical)
Medtronic
Invacare Corporation
Fisher & Paykel Appliances Ltd.
Mindray
GE Healthcare
ResMed
Linde
Chart Industries
Drägerwerk AG & Co. KGaA
DeVilbiss Healthcare
Access Press Release of Therapeutic Respiratory Devices Market @ https://www.grandviewresearch.com/press-release/global-therapeutic-respiratory-devices-market
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San Francisco, 21 March 2023: The Report Molecular Biology Enzymes, Reagents And Kits Market Size, Share & Trends Analysis Report By Product (Kits, Reagents), By Application, By End-use, By Region, And Segment Forecasts, 2022 - 2030
The global molecular biology enzymes, reagents, and kits market size is expected to reach USD 44.67 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.94% from 2022 to 2030. The growth of the market globally can be attributed to continuous advancement in technologies in the molecular biology field, the prevalence of infectious and chronic diseases, increased usage of sequencing technologies and growing omics-based research activities.
The COVID-19 pandemic exponentially increased the demand for molecular biology enzymes, reagents, and kits, and the continuous rise in cases worldwide kept the demand on the higher side. Many market players, healthcare organizations, and academic and research institutes were actively engaged in the development of vaccines and they increased the research for repurposing the existing therapeutics for the treatment of COVID-19 infection. This continuous R&D activity is expected to boost the demand for these products in the coming years. Moreover, in an effort to detect the SARS-CoV-2 virus faster, many new products were launched by the key market players, such as RNA extraction kits. For example, in June 2020, Omega Bio-tek, Inc. announced the launch of its “Mag-Bind Viral RNA Xpress Kit” for RNA isolation in a reliable and rapid manner from the nasopharyngeal swab of patient samples.
Continuous funding and investments in the field of synthetic biology and multi-omics are expanding the field of biotechnology. As per a press release in March 2022, The Bristol Centre for Engineering Biology, BrisEngBio, is an institute that supports research and discovery in synthetic biology. It is a UKRI-funded research center that has published over 325 research papers, collaborated with 8 biotech companies, and received an additional USD 117.90 million for research. This rapidly advancing field of synthetic biology and multi-omics will result in more extensive adoption of molecular biology, enzymes, kits, and reagent products, which serve as educational tools. And this adoption rate further enhances the development of innovative methods such as drug discovery, diagnostics development, and gene therapies manufacturing, hence driving the market significantly.
The key market players are expanding their global presence through never-ceasing product launches and sustained technological developments. Acquisitions, partnerships, collaborations, and manufacturing expansions are also some of the business strategies taken up by the key players to drive revenue generation in the market. For example, in January 2022, Illumina, Inc. announced a partnership with SomaLogic to develop a product by integrating Illumina’s NGS technology with SomaScan Proteomics Assay. This partnership bolsters the rapidly growing high-throughput segment of the proteomics market.
Access Research Report of Molecular Biology Enzymes Reagents, And Kits Market @ https://www.grandviewresearch.com/industry-analysis/molecular-biology-enzymes-kits-reagents-market
Molecular Biology Enzymes, Reagents, and Kits Market Report Highlights
By product, the kits and reagents held the largest share in 2021. The launch of new kits and reagents in response to the pandemic is one of the key reasons fueling the growth. Moreover, the repeated use of molecular biology kits and reagents in laboratory setups contributes to the growth
By application, sequencing accounted for the largest share in 2021 due to the introduction of single-cell sequencing and the leading presence of NGS. Use of NGS for analysis of genomics, tumor diagnostics, and biomarker discovery fuels the segment growth
By end-use, the pharma and biotech segment held the largest share in 2021. The presence of drug development pipelines, clinical trials, and continuous R&D activities require huge usage of molecular biology enzymes, kits, and reagents, thus leading to the segment growth
North America held the largest revenue share in 2021. This is attributed to the presence of numerous key pharmaceutical and biotechnology companies in the U.S. Furthermore, the prevalence of diseases in this region and increased use of molecular diagnostics contribute to revenue generation
List of Key Players in Molecular Biology Enzymes, Reagents, and Kits Market
Thermo Fisher Scientific, Inc.
Illumina, Inc.
Agilent Technologies, Inc.
QIAGEN
Promega Corporation
New England Biolabs
Merck KGaA
Hoffmann-La Roche Ltd.
Bio-Rad Laboratories, Inc.
Takara Bio, Inc.
LGC Limited
Access Press Release of Molecular Biology Enzymes Reagents, And Kits Market @ https://www.grandviewresearch.com/press-release/global-molecular-biology-enzymes-kits-reagents-market
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San Francisco, 21 March 2023: The Report Furniture Market Size, Share & Trends Analysis Report By Product (Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves), By Material (Metal, Wood, Plastic, Glass), By Application, By Region, And Segment Forecasts, 2022 - 2030
The global furniture market size is expected to reach USD 1,070.87 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. The rising demand for branded home furniture coupled with rising consumer spending capacity on home décor products is driving the furniture industry. Additionally, government supported initiative to provide housing for all is also expected to positively impact the growth.
Furniture is a movable product intended to support various activities performed by humans such as seating, sleeping, and eating, among others. It has now become a vital part of human life since non-nomadic culture. Nowadays, it can also be designed and used as a decorative object. Furthermore, the purchase and consumption of furniture have become easier due to the availability of online platforms. For instance, Pepper-fry, Fab-Furnish, and Urban-Ladder are some of the online furniture-buying platforms popular in India.
In terms of value, the wood material segment dominated the industry and is expected to account for the largest market share over the forecast period. This growth is expected to accelerate due to long-lasting and robust material, offering longevity to the furniture wood is highly preferred by consumers. Moreover, Wood is available in various colors and enhances the aesthetic appeal of the interiors; furthermore, it is usable in any setting owing to its design versatility.
The residential segment accounted for the largest market share owing to an increase in the number of home remodeling projects likely favoring the adoption of wooded furniture at home. Moreover, increase in the number of consumers becoming conscious of the environment and sustainability, a shift toward eco-friendly materials is being witnessed; the same has been reflected in home remodeling and renovation activities, and is expected to propel the market growth.
Asia Pacific held the largest market share in 2021, owing to the increasing real estate sector in developing countries, such as China and India, which upsurges the consumers’ need to invest in furnishing activities and add an aesthetic look to the bedroom environment as a cause of remodeling. Furthermore, a rising share of millennials in the market is bound to invest in various modern bedroom furniture products owing to customization and space-saving features are anticipated to accelerate the industry growth over the forecast period.
Companies in the market are focusing on strategies such as mergers and acquisitions to gain market share and increase their service footprint. In May 2022, Steelcase Inc. announced that the company has signed a definitive agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition enabled the company to increase and broaden its current portfolio, offering uncompromising design and master craftsmanship to A+D professionals and customers.
Access Research Report of Furniture Market @ https://www.grandviewresearch.com/industry-analysis/furniture-market
Furniture Market Report Highlights
The beds segment was valued at USD 162.23 billion in 2021 and is expected to reach USD 257.74 billion by 2030. The rising attention towards gaining trending bedroom styles has influenced major bedroom renovation projects, this is favoring the growth
The commercial application segment is expected to witness a substantial CAGR of 6.1% from 2022 to 2030. Increasing demand for office space and expanding the hospitality sector across the globe, are the key factors driving the segment’s growth
Europe was valued a USD 167.81 billion in 2021 and is expected to register a CAGR of over 5% over the forecast period. The growth is majorly attributed to the rising tourism industry is driving the growth of the hospitality sector, which is eventually creating demand for luxury furniture
List of Key Players in the Furniture Market
IKEA
Ashley Furniture Industries Inc.
RH (Restoration Hardware)
Williams-Sonoma, Inc.
La-Z-Boy Inc.
Raymour & Flanigan
American Signature
Oppein Home Group Inc.
Jason Furniture (Hangzhou) Co., Ltd
Steelcase Inc.
Access Press Release of Furniture Market @ https://www.grandviewresearch.com/press-release/global-furniture-market
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San Francisco, 20 March 2023: The Report Persulfates Market Size, Share & Trends Analysis Report By Type (Ammonium, Sodium, Potassium), By End-use (Polymers, Electronics, Oil & Gas), By Region, And Segment Forecasts, 2022 - 2030
The global persulfates market size is estimated to reach USD 1.10 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% from 2022 to 2030. The growth can be attributed to the wide usage of persulfates for initiating emulsion polymerization reactions. Salts of sulfate are majorly used as radical initiators in the polymerization of certain alkenes. Persulfates are strong oxidants having excellent shelf life when stored properly. Moreover, they are economical to use, thus making them suitable for a variety of applications.
Ammonium persulfate (APS) is used to treat metal surfaces, manufacture semiconductors, and etch copper on printed circuit boards. It is also used in the production of disinfectants. APS and hydrogen peroxide are used as oxidants in several industrial processes and are crucial constituents of standard hair bleaching products. Ammonium, sodium, and potassium persulfate are inorganic salts used as oxidizing agents in hair coloring preparations and hair bleaches. Persulfates are used in hair lighteners at a concentration of up to 60%.
Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to a rapidly increasing manufacturing base and the growing plastics and rubber industries in the region. Additionally, rising concerns regarding water pollution in Asia Pacific are projected to fuel the demand for persulfates in the coming years.
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Persulfates Market Report Highlights
In 2021, ammonium persulfate emerged as the dominant type segment with a revenue share of over 50.0%. This is attributed to its application as an etchant, a bleaching and cleaning agent, and a strong oxidizing agent
The polymers end-use segment emerged as the dominant end-use segment with a revenue share of over 50.0% in 2021 owing to the high demand in the manufacturing of synthetic rubber for truck and automobile tires
The electronics end-use segment is anticipated to expand at a significant CAGR of 4.0% in terms of revenue from 2022 to 2030 owing to the rapid growth of the consumer electronics sector across the globe
Asia Pacific is projected to expand at the highest revenue-based CAGR over the predicted period owing to large rubber production in various countries including Vietnam, Malaysia, and Thailand
List of Key Players of the Persulfates Market
Evonik Active Oxygens
RheinPerChemie
UI VR Persulfates
MITSUBISHI GAS CHEMICAL COMPANY, INC.
Fujian ZhanHua Chemical Co., Ltd.
Ak-Kim
Yatai Electrochemistry Co. Ltd.
Hebei Jiheng Group
Fujian Jianou Yongsheng Industry
San Yuan Chemical Co., Ltd.
Access Press Release of Persulfates Market @ https://www.grandviewresearch.com/press-release/global-persulfates-market
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San Francisco, 20 March 2023: The Report Hospital Information System Market Size, Share & Trends Analysis Report By Type (EHRs, Patient Engagement Solutions), By Component (Software, Services), By Deployment (On-premise, Cloud-based), By Region, And Segment Forecasts, 2023 - 2030
The global hospital information system market size is expected to reach USD 405.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 17.4% from 2023 to 2030. Hospital information systems are being increasingly adopted to improve operational efficiency in the legal, administrative, and financial tasks in hospital facilities, which is one of the key factors driving industry growth. Moreover, increasing awareness about advanced IT services and rising demand to curb the growing healthcare costs are other key drivers of the industry. Several benefits associated with HIS, such as lower healthcare expenditure and higher operational efficiency of the systems, are expected to boost the adoption of IT solutions in healthcare facilities.
Hospital information solutions aid in reducing medical and administration errors. Electronic Health Records (EHRs), electronic medical records, patient engagement solutions, and population health management are the key types of information systems registering high adoption among end-users. The growing need for efficient management of a large volume of healthcare data generated and its accessibility by medical practitioners is also driving market growth. Furthermore, IT companies and healthcare settings are entering into collaborations and partnerships to curb the rising costs, streamline data storage, and effectively use data analytics for better healthcare delivery and outcomes coupled with efficient management and distribution of patient data.
For instance, in August 2022, Augmedix partnered with Adventist, the partnership will provide physicians with automated medical documentation, which will help reduce the burden on the physicians. Increasing initiatives undertaken by various governments to promote the adoption of the HIS are expected to boost the growth of the industry during the forecast period. The increased healthcare spending by the governments globally is also expected to positively contribute to the growth of this industry. For instance, the Australian Government spent USD 98.3 billion in 2021-22.
Access Research Report of Hospital Information System Market @ https://www.grandviewresearch.com/industry-analysis/hospital-information-systems-his-market
Hospital Information System Market Report Highlights
The population health management type segment accounted for the maximum revenue share in 2022 due to the improved healthcare outcomes provided by the software
The web-based deployment segment dominated the industry in 2022 owing to benefits offered, such as reduced business costs and improved accuracy
The software component segment led the industry in 2022 owing to the presence of technologically advanced IT infrastructure in healthcare organizations
North America led the market in 2022 due to the presence of a large number of vendors, such as Cerner (Oracle), GE Healthcare, Carestream Health, IBM, and McKesson Corporation, in the region offering information solutions
List of Key Players of Hospital Information System Market
Carestream Health
Siemens Healthineers
McKesson Corp.
Philips Healthcare
Merge Healthcare Inc. (IBM)
GE Healthcare
Cerner Corp. (Oracle)
Allscripts
NextGen Healthcare
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San Francisco, 20 March 2023: The Report Shrimp Market Size, Share & Trends Analysis Report By Species (L. vannamei, P. monodon) By Source (Wild, Aquaculture), By Form, By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030
The global shrimp market size was estimated to reach USD 85.99 billion in 2030 and is expected to expand at a CAGR of 5.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Shrimps are widely available in food stores and it provides various nutrients such as high in protein, selenium, and phosphorus. Due to this, shrimp is a delicacy for consumers all across the globe, thus driving the market growth. However, shrimp tends to lose its natural taste and texture due to the preservation process which remains a concern among consumers, remaining an obstacle to its growth.
The growth of the global shrimp industry continues to bank on the growing demand for shrimp with increased production. Shrimp is widely used in a diverse range of cuisines which is anticipated to surge the market growth. Furthermore, the increasing use of shrimp in diverse industries including cosmetics and healthcare also fuels the market growth over the forecast period.
The L. vannamei segment dominated the industry. It is estimated to remain dominant over the forecast period. The high demand for L. vannamei due to its high-quality meat, taste, and relatively low price is expected to drive robust growth. With growing demand, the production of L. vannamei, continues to grow, despite challenges on the supply side, which is also a promising factor surging the segment growth.
The B2B segment dominated the market by holding a major share in 2021. Shrimp is highly used in numerous industries for diverse applications. These industries include cosmetics, healthcare, pharmacy, and hospitality industries such as hotels, restaurants, and others. Thus high usage of shrimp in these industries contributes to the notable share of the segment in the global market.
Asia Pacific accounted for the largest share of the market in 2021. It is estimated to expand at a significant CAGR over the forecast period. High imports of shrimp in the region to fulfill consumer demand is a key factor contributing to the regional growth. Moreover, being one of the top importers, exporters, and producers of shrimp across the globe is another primary factor further boosting the market in the region.
Major players in the market are Thai Union Group PCL; Clearwater Seafoods; Avanti Feeds Limited; High Liner Foods; Surapon Foods Public Company Limited; Mazzetta Company, LLC; Aqua Star; Nordic Seafood A/S; The Waterbase Limited; and Wild Oceans. Various strategic initiatives are undertaken by these companies to expand their global footprint. These initiatives include expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain a larger share of the market.
Access Research Report of Shrimp Market @ https://www.grandviewresearch.com/industry-analysis/shrimp-market-report
Shrimp Market Report Highlights
Middle East & Africa is expected to grow at the fastest CAGR over the forecast period from 2022 to 2030. The growing demand for seafood including shrimp among the consumers is expected to boost the regional growth
Breaded segment is estimated to grow at the highest CAGR over the forecast period. Increasing popularity of breaded shrimps as a snacking option is a primary factor fueling the segment growth
The B2C segment is forecast to grow with a faster CAGR over the forecast period from 2022 to 2030. The growing use of online distribution channels due to their ease of use and convenience is anticipated to contribute to the growth of the segment
List of Key Players of Shrimp Market
Thai Union Group PCL
Clearwater Seafoods
Avanti Feeds Limited
High Liner Foods
Surapon Foods Public Company Limited
Mazzetta Company, LLC
Aqua Star
Nordic Seafood A/S
The Waterbase Limited
Wild Oceans
Access Press Release of Shrimp Market @ https://www.grandviewresearch.com/press-release/global-shrimp-market
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San Francisco, 20 March 2023: The Report Plant Based Plant Based Protein Supplements Market Size, Share & Trends Analysis Report By Raw Material (Soy, Spirulina, Pumpkin Seed, Wheat, Hemp, Rice, Pea, Others), By Product, By Distribution Channel, By Application, By Region, And Segment Forecasts, 2022 - 2030
The global plant based Plant Based Protein Supplements market size is expected to reach USD 4.62 billion by 2030, registering a CAGR of 8.8% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow significantly over the forecast period on account of the increasing popularity of adopting veganism and consumers’ perception regarding plant-based supplemental products being safer than animal-based products
The increase in consumer awareness of the advantages of plant-based foods for humans as well as the environment, their higher levels of amino acids, and lower levels of sodium are key factors contributing to the market growth. Customers' preferences for consuming plant-based Plant Based Protein Supplements are impacted by things like limiting meat consumption due to food allergies, moral considerations, food safety, and the adoption of the vegan culture to stop animal cruelty.
Soy protein in raw material segment dominated the market in 2021 owing to its properties such as cost effectiveness as well as higher nutritional value as compared to other sources. Over the forecast period, pea protein is anticipated to grow significantly. The growth is attributed to rising customer preference for gluten-free, allergen-free, and lactose-free ingredients in supplements as well as the availability of essential amino acids in peas. Owing to the growing demand for convenient protein supplements, the consumption of plant based protein in RTD form is expected to grow with a CAGR of 9.6% during the forecast period.
Sports nutrition in the application segment dominated the market in 2021 as a result of the rising demand for plant based Plant Based Protein Supplements to increase performance and stamina, as well as to aid in weight management and the development of lean muscle. Additionally, an increase in the number of gym and fitness enthusiasts in many countries around the globe is anticipated to drive market demand during the forecast period.
Asia Pacific is expected to witness the fastest compound annual growth rate from 2022 to 2030. The primary drivers of the regional market growth are rising healthcare spending, growing consumer awareness of the advantages of dietary supplements, efforts by producers to provide personalized nutrition, rising prevalence of fitness and sports activities, a growing number of fitness centers & gyms in the region, and an increase in the number of households with high disposable income.
Access Research Report of Plant Based Plant Based Protein Supplements Market @ https://www.grandviewresearch.com/industry-analysis/plant-based-protein-supplements-market
Plant Based Plant Based Protein Supplements Market Report Highlights
Soy dominated the market in terms of raw materials in 2021. This was due to the material's low cost for manufacturers of Plant Based Protein Supplements and high consumer awareness of the fact that soy contains all nine essential amino acids
Protein powder dominated the market in 2021 in product segment. High adoption due to ease in handling and shipping, cost-effectiveness, and ability to maintain ingredient stability through formulation are some of factors boosting the segment's expansion
The online stores dominated the market in 2021 owing to the easy access to a diverse range of brands, rising internet penetration in developing countries, and the ease of shopping online
Asia Pacific is expected to register the fastest CAGR of 9.6% from 2022-2030 owing to increasing spending capacity among consumers, rising sports and fitness activities in the region, and growing awareness regarding consumption of a healthy diet among consumers
Major companies in the market are like MusclePharm Corporation and Glanbia plc are investing in the research & development for making innovative products to attract health-conscious consumers
List of Key Players of Plant Based Plant Based Protein Supplements Market
Glanbia plc
AMCO Proteins
Quest Nutrition
NOW Foods
The Bountiful Company
MusclePharm Corporation
Abbott Laboratories
IOVATE Health Sciences International, Inc.
Transparent Labs
WOODBOLT DISTRIBUTION LLC
Access Press Release of Plant Based Plant Based Protein Supplements Market @ https://www.grandviewresearch.com/press-release/global-plant-based-protein-supplements-market
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San Francisco, 17 March 2023: The Report Edge Data Center Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Facility Size (Small & Medium Facility, Large Facility), By End-use Industry, By Region, And Segment Forecasts, 2022 - 2030
The global edge data center market size is anticipated to reach USD 34.91 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.9% from 2022 to 2030. Increasing adoption of the internet of things across various end-use industries, the rapid growth of mobile and IoT applications, and the rising popularity of online streaming and e-commerce services are major drivers of the market. It is anticipated that factors including the increasing adoption of 5G technology to improve communication, rising spending on data center technology, increasing demand to reduce data center complexity, and development in the AR/VR technology will also contribute to the market growth.
Furthermore, COVID-19 has increased the penetration of technologies such as 5G, IoT, cloud, and edge computing. Owing to the global adoption of the work-from-home policy, the demand for edge data centers has witnessed a remarkable rise during the pandemic period. The pandemic has forced the major workforce to work remotely, which has resulted in a growing number of companies investing in IT services. The need for data centers has increased over the past few years as a result of this expanding digitization.
Access Research Report of Edge Data Center Market @ https://www.grandviewresearch.com/industry-analysis/edge-data-center-market-report
Edge Data Center Market Report Highlights
By component, the solution segment accounted for the largest revenue share of over 85.0% in 2021 and is anticipated to maintain its dominance over the forecast period. Surged use of hardware and software solutions such as networking equipment, DCIM, analytics, IT racks, enclosures, and power and cooling systems in data centers is contributing to the market growth
The service component is expected to register the highest growth rate of 19.8% during the forecast period as they provide organizations with an understanding of the transformation roadmap. In addition, professional services improve service delivery and simplify IT operations
In terms of facility size, the large facility segment dominated the market and captured a revenue share of over 75.0% in 2021. The growth can be attributed to the massive availability and use of edge data center facilities with 12 to 49 racks with a power draw of 12 to 14 kW/rack
The small and medium facility size is expected to exhibit the highest growth rate of 18.7% during the forecast period. The small and medium facility segment includes facilities with 1 to 12 racks with a power draw of 8 to 12 kW/rack
In terms of the end-use industry, the IT and telecom segment accounted for the largest revenue share of over 35.0% in 2021 and is anticipated to maintain its dominance over the estimated timeframe. The rapidly growing IT and telecom industry across the globe is creating more demand for edge data centers
The manufacturing and automotive segment is expected to expand at a CAGR of 20.4% during the forecast period. The rapid adoption of industrial IoT and the growth of autonomous vehicles are boosting segment growth
North America held the largest share of over 30.0% in 2021 and is expected to retain its position over the forecast period. The high adoption of edge data center solutions and services in this region is the major factor behind the market growth
Asia Pacific is expected to expand at the highest CAGR of 18.7% during the forecast period owing to the rise in investments in the IT sector and rapid growth of the end-use industries
List of Key Players in Edge Data Center Market
Cisco Systems Inc.
Dell Inc.
Eaton
Fujitsu
Hewlett Packard Enterprise Development LP
Huawei Technologies Co., Ltd.
IBM
NVIDIA Corporation
Schneider Electric
Vertiv Group Corp.
CommScope
365 Data Centers
Access Press Release of Edge Data Center Market @ https://www.grandviewresearch.com/press-release/global-edge-data-center-market
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San Francisco, 17 March 2023: The Report E-commerce Packaging Market Size, Share & Trends Analysis Report By Product (Poly Bags, Mailers), By Material (Plastics, Corrugated Boards), By Application (Household, Pet Food), By Region, And Segment Forecasts, 2022 - 2030
The global e-commerce packaging market size is expected to reach USD 235.8 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.9% over the forecast period. Growing e-commerce retail platforms and technology advancements, such as 5G, and wider geographic internet connectivity are boosting the e-commerce market. Thus, simultaneously driving the demand for convenient and efficient packaging. The introduction of 5G is expected to enhance the consumer experience of online shopping by introducing technologies like Augmented and Virtual Reality (AR/VR). These technologies will provide product display in the enhanced virtual environment; thus, improving consumer experience on product outlook.
According to the research on Shopify, more than half of consumers are willing to shop more if the e-commerce platform is offering an AR experience. The 5G technology is helping to power the growth of the e-commerce industry during the forecast period. The industry is expected to experience splendid growth during the forecast period owing to wider geographic internet connectivity. For instance, a project like starlinks will provide access to areas where connectivity has been a challenge, such as the rural parts of the world. The challenges of the internet in rural or remote parts of the world are contributing to the very limited opportunity for the e-commerce industry growth.
The introduction of wider geographic internet connectivity will create immense opportunities for the e-commerce market in remote parts of the world. However, the growing e-commerce industry is creating a large amount of packaging waste and various environmental concerns. For instance, 3 billion trees are cut every year to produce carton boxes, mailers, fillers, and paper-based packaging. Whereas, less than 20% of plastic packaging produced worldwide undergoes recycling. Thus, the environmental concern over increasing packaging waste is expected to restrain the market growth to some extent.
Key companies operating in the industry are majorly adopting various strategies, such as acquisitions and new product launches, to expand their manufacturing capabilities, product portfolios, and geographical presence. For instance, in July 2022, Coveris launched stretch films, which have 30% recycled content. In May 2022, Berry Global collaborated with Clean Farms & Poly-Ag Recycling to advance Canada’s circular economy. The collaboration was aimed at recovering used agricultural films and grain bag materials to produce new products with recycled content.
Access Research Report of E-commerce Packaging Market @ https://www.grandviewresearch.com/industry-analysis/e-commerce-packaging-market-report
E-commerce Packaging Market Report Highlights
The corrugated boxes segment is expected to register the fastest CAGR from 2022 to 2030 due to the increasing demand for sustainable packaging, rising trade activities, and growing dependency of customers on the online delivery of goods
In addition, boxes are affordable and ensure product safety during transportation and handling
Plasticsaccounted for the highest revenue share in 2021 due to their applicability, easy availability, low weight & costs, and functionality of offering excellent protection against environmental factors (air and water) to the packaged goods
Apparel & accessories emerged as the dominating product segment in 2021 and will expand further at a steady CAGR from 2022 to 2030
Asia pacific commanded the largest revenue share in 2021. Owning to increasing penetration of the internet, increasing dependency on e-commerce purchases, and rising disposable income in the region.
List of Key Players of E-commerce Packaging Market
Amcor Plc.
Berry Global Group, Inc.
CCL Industries
Coveris
Sealed Air
Sonoco Products Company
WINPAK Ltd.
Alpha Packaging
Constantia Flexibles
Mondi
Gerresheimer AG
Silver Spur Corp.
Greif
Transcontinental Inc.
ALPLA
Access Press Release of E-commerce Packaging Market @ https://www.grandviewresearch.com/press-release/global-e-commerce-packaging-market
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San Francisco, 17 March 2023: The Report North America Glass Fiber Reinforced Gypsum Market Size, Share & Trends Analysis Report By Product (Type X, Type C), By Application (Exterior, Interior), By End-use (Non-Residential, Residential), By Region, And Segment Forecasts, 2022 - 2030
The North America glass fiber reinforced gypsum market size is expected to reach USD 1.68 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.3% from 2022 to 2030. The demand for glass fiber reinforced gypsum in the region is expected to witness significant growth owing to the growing rehabilitation and modernization of existing structures.
Type X is used in residential and commercial buildings, such as schools, hospitals, and shopping centers. Type X is economical, quick to install, and maintains excellent temperature tolerance. They are also reusable and have a low carbon footprint. The increasing adoption of Type X plasterboards in non-residential construction projects is expected to boost the growth of the segment.
The demand in the residential application segment is expected to grow owing to the increase in population. The increasing population is demanding more space for accommodation, especially in tier 1 cities. To fulfill the demand, construction activities are increased by both government and private sector companies. Governments in many countries such as India are also emphasizing the development of rural areas.
The interior application segment is expected to lead the North America glass fiber reinforced gypsum industry during the forecast period, in terms of volume and value. The growth of the interior segment can be attributed to the ability of North America glass fiber reinforced gypsum to be used as load-bearing walls, partition walls, and others, which are economical.
Due to the presence of established industry players controlling the majority of the market share, the North America glass fiber reinforced gypsum industry is consolidated. As a result of tremendous growth opportunities in the region's construction sector, global players are focusing on expansion in Asia Pacific, including China and India. To strengthen their market position, established players are emphasizing business expansion through both organic and inorganic growth.
Access Research Report of North America Glass Fiber Reinforced Gypsum Market @ https://www.grandviewresearch.com/industry-analysis/north-america-glass-fiber-reinforced-gypsum-market-report
North America Glass Fiber Reinforced Gypsum Market Report Highlights
The growing demand for the type X product segment is likely to expand at a CAGR of 5.5% over the forecast period. Type X wallboard is used as a covering material for interior walls and ceilings in residential and commercial applications that often require specific fire-rated assemblies. It is designed for direct attachment by screws, nails, or adhesive to wood or metal framing and even existing surfaces
Type C product segment is expected to reach USD 6.08 billion in revenue by 2030, as it is easier to install and accepts all types of paints, wall covering, and textures. Type C has more glass fibers as well as more vermiculite components, giving it a fire resistance of 2-4 hours, but it is more expensive when compared to type X
The non-residential end-use segment held the dominant share of 6.1% in 2021. Non-residential construction is expected to lead the market, owing to rising demand from the commercial building sector for partition walls and load-bearing walls. The demand for glass fiber reinforced gypsum in non-residential is also expected to increase during the forecast period owing to its wide usage in institutions, hospitals, offices, airports, gymnasiums, auditoriums, movie theatres, museums, and other commercial building construction worldwide
The U.S. accounted for a market share of 76.1% in 2021. It accounts for a substantial share of the market in terms of demand, owing to the growing construction industry. The global players are focusing on expansion in the U.S. market on account of tremendous growth opportunities in the construction sector in the region
GFRG is gaining popularity among architects and designers for its ability to create new forms on ceilings and walls. The increasing use of glass fiber reinforced gypsum in ordinary construction trades by architects is a major factor driving the growth of the industry. The growing number of indoor applications is likely to drive market expansion
List of Key Players in North America Glass Fiber Reinforced Gypsum Market
CertainTeed
USG Corporation
Georgia-Pacific
Formglas Products Ltd
Stromberg Architectural
Owens Corning
American Gypsum
Advanced Architectural Stone
Meridian Precast Inc.
Petra Design
Access Press Release of North America Glass Fiber Reinforced Gypsum Market @ https://www.grandviewresearch.com/press-release/north-america-north-america-glass-fiber-reinforced-gypsum-market-analysis