U.S. Wastewater Secondary Treatment Equipment Market Worth $2.1 Billion By 2027

The U.S. wastewater secondary treatment equipment market size is expected to reach USD 2.1 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 2.8% during the forecast period. Rising demand for wastewater treatment plants owing to increasing number of new users getting connected to centralized treatment systems is expected to translate into upgradation of existing treatment facilities or construction of new wastewater treatment facilities.

A positive government outlook with respect to funding coupled with stringent regulations and standards for wastewater treatment for both municipal and industrial sectors is expected to drive the market over the forecast period. Wastewater secondary treatment equipment such as the Membrane Bioreactor (MBR) provides more effective removal of suspended and organic solids as it integrates the membrane filtration process with the conventional activated sludge process thereby offering advanced level filtration coupled with high-quality effluent.

Packaged MBR systems are becoming increasingly popular as they offer several benefits including small footprint, less installation and commissioning time, and reduced construction labor and engineering. In addition, these systems can be designed & assembled as per the customer specific requirements as well as the space available for installation. Factors such as population growth and ongoing new housing developments are expected to drive the need for either new capacity construction or existing capacity expansion of municipal wastewater treatment plants which in turn is anticipated to drive the demand in the municipal application segment.

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https://www.grandviewresearch.com/industry-analysis/us-wastewater-secondary-treatment-equipment-market

Further key findings from the report suggest:

The Sequencing Batch Reactor (SBR) segment is projected to expand at a CAGR of 3.5% from 2020 to 2027 owing to its advantages in terms of operational flexibility and control coupled with suitability for applications with limited space availability
The Moving Bed Biofilm Reactor (MBBR) segment is expected to witness substantial growth as they employ biofilm carriers that offer increased surface area for the microorganisms to grow thereby reducing the overall footprint of the system
The wastewater secondary treatment equipment demand in the industrial application segment accounted for a share of 38.3% in terms of revenue in 2019, owing to stringent effluent discharge regulations coupled with rising investments in various industrial sectors
Market participants are investing in R&D in order to develop highly efficient products that cater to the changing technological requirements from various end-use industries especially the ones with high wastewater volume
For instance, in September 2018, Smith & Loveless launched a new design of its TITAN MBR that comprises of smart automation, touchscreen PLC controls, robust construction, and minimal O&M requirements

Medium Density Fiberboard Market Size Worth $61.3 Billion By 2027

The global medium density fiberboard market size is expected to reach USD 61.3 billion by 2027, expanding at a CAGR of 6.6%, according to a new report by Grand View Research Inc. Growing product utilization as a low-cost alternative to the plywood and wooden panels is likely to support the industry.

Medium density fiberboard (MDF) panels find use in numerous applications such as siding, flooring, window panels, and door panels in the construction industry. These panels have the potential to replace other construction materials including cement, glass, plywood, and plastic in the aforementioned applications. As a result, the growth of the construction industry is expected to have a positive impact on the demand for the panels over the forecast period.

Medium density fiberboard panels are recyclable and readily available in the market in various types and sizes, at competitive prices. Innovations in the traditional woodworking industry to produce furniture from more sustainable products coupled with the growing demand for ‘do-it-yourself’ modular furniture products are anticipated to have a positive impact on MDF market growth.

Medium density fiberboard products are progressively replacing plywood products in the furniture-making industry. Major manufacturers are working on developing customized fiberboard products to satisfy specific requirements stated by furniture manufacturers. Additionally, industry players have established long term supply contracts to offer better pricing and plan their production activities.

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https://www.grandviewresearch.com/industry-analysis/medium-density-fiberboard-market

Further key findings from the report suggest:

The E0 segment is expected to ascend at the fastest volume-based CAGR of 6.3% over the forecast period on account of growing consumer awareness pertaining to the health hazards caused due to high levels of formaldehyde emission
In 2019, the revenue for furniture application in the Asia Pacific region stood at USD 14.2 billion and is projected to witness an significant growth over the estimated period owing to rising demand for the affordable modular furniture products in the region
In North America, the demand for E1 type MDF is anticipated to witness a volume-based CAGR of 3.9% pace owing to the adoption of stringent formaldehyde emission norms in U.S. and Canada
The standard MDF segment is likely to witness a revenue-based CAGR of 4.5% in Middle East and Africa owing to rising product utilization in the production of luxurious, aesthetically appealing, and high-end furniture units
Implementation of strict formaldehyde emission norms in Europe and North America are driving the prominent players in the market including Kronospan Limited and Nordbord Inc. to produce MDF with low formaldehyde emission properties.

Industrial Batteries Market Worth $27.4 Billion By 2027

The global industrial batteries market size is projected to reach USD 27.44 billion by 2027 registering a CAGR of 6.0%, according to a new report by Grand View Research, Inc. High demand for back-up power batteries in grid-level energy storage application for solar and wind power projects will boost the market growth during the forecast period. Moreover, increasing usage of these batteries in various applications, such as UPS and motive power, is anticipated to drive the market. Industrial batteries offer benefits, such as reduction in manufacturing cost, high durability, lower maintenance costs, and low discharge rate capability, which is expected to increase their demand further.

Easy availability of batteries of different specifications and sizes will also augment the market growth. Lead acid batteries are relatively cheaper than other batteries and are can be manufactured using lesser technology equipment, which in turn will drive market their demand in the near future. Increasing investments by major manufacturers coupled with the growing number of renewable energy projects with battery storage capability are likely to drive the market. However, volatility in raw material prices will pose a restraint for the market growth.

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https://www.grandviewresearch.com/industry-analysis/industrial-batteries-market

Further key findings from the report suggest:

Lead acid battery segment accounted for the largest market share in 2019. Due to growing power demand, national grids are getting pressurized resulting in the increased demand-supply gap for power, which is eventually driving the demand for battery for back-up systems in industrial applications
Lithium-based batteries accounted for the second-largest market share in 2019 and is projected to register the highest CAGR during the forecast period
This growth is attributed to the rising demand for lithium-based batteries as they are cost-effective
The motive power end-use segment accounted for the largest market share in 2019, whereas grid-level energy storage application is projected to expand at the fastest CAGR during the forecast period
Asia Pacific is forecasted to witness the highest growth from 2020 to 2027. Rapid expansion of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial batteries in the region
China is expected to be one of the promising markets in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors
Major companies in the market have adopted various organic and inorganic growth strategies to expand their product portfolio and geographical footprint

U.S. Toilet Partitions Market Worth $1.02 Billion By 2027

The U.S. toilet partitions market size is expected to reach USD 1.02 billion by 2027, registering a CAGR of 4.5% during the forecast period, according to a new report by Grand View Research, Inc. Growing commercial construction activities in the country have led to a rise in toilet installation and this is predicted boost product demand in the forthcoming years.

Product manufacturers are actively working on designing vandal-resistant toilet partitions to increase product life. Companies are focused on providing anti-graffiti-coatings that can be easily cleaned with simple non-abrasive cleaners. In addition, vandal-resistant components such as fasteners, hinges, and knobs are being utilized to counter the nuisance of vandalism.

The market for toilet partition faces little-to-no threat of substitutes. However, internal substitution in terms of materials has been observed. Players are looking to switch to low-cost alternative materials, such as High density Polyethylene (HDPE), owing to its longer lifespan, corrosion-resistant properties, cost effectiveness, and superior performance.

Industry players supply and market their products through multiple distribution channels such as direct supply, third-party distributors, direct-supply agreements with construction companies, and through e-commerce platforms. Product manufacturers work closely with architects and interior designers to provide highly customized toilet partitions specific to their requirements.

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https://www.grandviewresearch.com/industry-analysis/us-toilet-partitions-market

Further key findings from the study suggest:

The others segment, which includes partitions made out of phenolic core, is projected to witness the fastest CAGR of 5.9% over the forecast period, which can be attributed to enhanced durability, extended lifespan, cost benefits, and light weight of these materials
Southeast U.S. accounted for the largest share of 26.7% in 2019, fuelled by considerable growth in commercial construction on account of government initiatives to develop public infrastructure
High capital investments for setting up new manufacturing facilities and establishing a strong distribution network are likely to be an entry barrier for new entrants
Industry participants compete on the basis of price differentiation and goodwill, resulting in intense competition within the industry. In addition, brand loyalty and brand recognition play an essential role in gaining a competitive edge

Essential Oils Market Demand To Reach 473.31 Kilotons By 2027

The global essential oils market demand is expected to reach 473.31 kilotons by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% from 2020 to 2027. Aromatherapy is rapidly gaining momentum as a convenient method of healing lifestyle diseases, which is contributing to the demand for essential oils. It is also important to notice that sales are closely related to consumer education-the more consumers are informed regarding applications and usage of essential oils, greater is the sales.

Essential oils are majorly composed of terpenes and their oxygenated derivatives, which usually include monoterpenes and sesquiterpenes. They are present in specialized cells/glands in various plants and the position of these glands varies depending upon the morphology and physiology of the plant. During manufacturing process, these glands are ruptured by pressing or by application of heat, which emanates aroma. The product is composed of aromatic compounds, which are volatile as well as hydrophobic in nature.

A majority of the consumers demand essential oils for various purposes, such as for enhancing air freshness at home by adding drops in aroma pots or aroma diffusers, which diffuse oil in the form of atomized particles, and in aroma bath by adding oils to the water. Young women use these products for making homemade cosmetics owing to their natural content and medicinal benefits.

Rising demand for organic products is another factor influencing consumer trends. Further implementation of regulations favoring the use of environmentally friendly ingredients in cosmetics and food and beverage industry has awakened people’s interest to seek products made from natural ingredients. The industry has witnessed a sharp increase in demand for 100% plant-based products that are devoid of synthetic fragrances and animal-derived components. As a result, majority of the population is turning to organic products to gain health benefits.

Owing to the outbreak of coronavirus around the world, many of the countries are observing lockdown situations. This is expected to lead to major raw material shortages, disruption in supply chain, and increased prices of highly demanded products in the next two to three quarters. Moreover, restrictions on imports and exports of goods by any means from most of the South East Asian countries can worsen the situation in the coming months. However, on the brighter side, the temporary closure or slowing down of manufacturing plants of synthetic flavors and fragrances in China can be seen as an opportunity to the essential oil distillers as the manufacturers may turn to the smaller vendors to fulfil their raw material requirements.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/essential-oils-market

Further key findings from the study suggest:

In terms of revenue, the orange oil product segment is expected to expand at a CAGR of 7.4% over the forecast period
In 2019, food and beverages application emerged as the second largest application segment with a share of 38.6% in terms of volume
Asia Pacific is projected to witness the fastest growth over the forecast period.

U.S. Vaginal Moisturizers And Lubricants Market Worth $1.0 Billion By 2027

The U.S. vaginal moisturizers and lubricants market size is expected to reach USD 1.0 billion by 2027, expanding at a CAGR of 8.7% during the forecast period, based on a new report by Grand View Research, Inc. Market growth can be attributed to the increasing target population, growing demand for vaginal lubricants, and increasing awareness regarding sexual health among women. According to the Study of Women Across the Nation (SWAN), more than 2,400 women above the age of 17 and around 19.0% of women aged 42 to 53 suffer from vaginal dryness. Thus, increasing incidences of dryness is likely to drive the market for vaginal lubricants and moisturizers over the forecast period.

Various social media movements, such as the third wave of feminism, is aimed at breaking taboos around sexual health and assisting in changing the general attitude towards sex. Over the past few years, the sexual wellness market has shifted focus toward women’s products. Companies are offering conventional products with glamorous packaging, hence, helping to create more awareness around sexual health.

A considerable number of young people not aware of sexual health can increase the prevalence of STDs. September is considered as a sexual health awareness month in the U.S., which is expected to raise awareness among citizens about sexual health and wellness. A significant number of women suffer from vaginal dryness; however, they do not seek medical help, which is likely to hinder the market growth.

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https://www.grandviewresearch.com/industry-analysis/us-vaginal-moisturizers-lubricants-market

Further key findings from the report suggest:

By distribution channel, retail dominated the market and is likely to witness the fastest growth over the forecast period
An increasing number of fashion retailers are offering sexual wellness products, which is expected to introduce the younger generations to more sexual health and wellness products. A liberal lifestyle and social acceptance have led to the growth of adult stores around the country
In November 2018, Durex formed a partnership with RED. This partnership was aimed at supporting its mission to end AIDS. Funds generated from the sale of the Durex RED condom were to be invested in South Africa where over 7.2 million people have HIV/AIDS
Searchlight Pharma announced Fonds de solidarité FTQ and Emerillon Capital as the new strategic financial partners in October 2017. The partnership is expected to assist the growth of Searchlight Pharma.

U.S. Healthcare Discount Plan Market Size Worth $3.3 Billion By 2027

The U.S. healthcare discount plan market size is expected to reach USD 3.3 billion by 2027 and is expected to expand at a CAGR of 9.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising healthcare costs, increase in the prevalence of lifestyle-related diseases, and high out-of-pocket expenditures are driving the adoption of healthcare discount plans to promote affordable treatment and curb healthcare costs in U.S.

Increasing number of investments, new package launches, public-private partnerships, joint ventures, and mergers & acquisitions among key payers and providers to deliver affordable healthcare solution are expected to boost market growth. Moreover, increase in demand for improving treatment quality and outcomes and providing coordinated patient care is further fueling market growth. For instance, in June 2019, United Healthcare launched United Healthcare Hearing, a new service that offers affordable and quality hearing solutions. The company also donated 20,000 reusable silicone plugs to fire departments and police nationwide as part of a public awareness campaign.

Increasing demand for low-cost vision care, dental care, chiropractic care, hearing aids, and prescription drugs plan for individuals as well as families that are not covered under insurance is anticipated to drive the demand for healthcare discount plans, thereby positively impacting the market growth in the near future. Moreover, rising burden of chronic diseases and other conditions and the need for affordable and hassle-free treatment are further boosting the demand for healthcare discount plans.

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https://www.grandviewresearch.com/industry-analysis/us-healthcare-discount-plan-market

Further key findings from the study suggest:

By service, the others segment held the largest revenue share of almost 20.0% in 2019 owing to availability of advanced discount plans and additional benefits offered on diabetic supplies, X-Rays, medical supplies, PET, MRI, and CT scans, endoscopies and mammography, laboratory tests and services
The dental care segment accounted for the second largest revenue share as of 2019
Prescription drugs and wellness plans are other key potential services that accounted for a substantial market share in 2019 owing to high demand from end users.

U.S. Digital Therapeutics Market Size Worth $5.47 Billion By 2027

The U.S. digital therapeutics market size is expected to reach USD 5.47 billion by 2027, registering a CAGR of 22.2% during the forecast period, according to a new report by Grand View Research, Inc. Technological advancement in healthcare IT, increasing demand for integrated healthcare system, and cost effective patient care are driving the market growth.

COVID-19 pandemic has expedited the adoption of Digital Therapeutics (DTx) especially pertinent to mental illness and chronic ailments like diabetes and Cardiovascular Diseases (CVD). The U.S. Food and Drug Administration (FDA) released new guidelines for computerized behavioral therapy and other DTx solutions during this public health emergency. The organization has waived off guidelines that include 510(k) premarket notifications, registration and listing requirements, and Unique Device Identification (UDI) requirements for DTx therapeutic devices with low risk. For instance, Pear therapeutics launched Pear-004 for psychosis and self-management training post the new guidelines. The product needs to be used under a doctor’s supervision.

The need for cost-effective healthcare is increasing due to rising healthcare expenditure. Digital health technology is being encouraged and preferred to avoid unnecessary costs and promote cheaper & alternative means of healthcare delivery, thus propelling the market. Moreover, rising demand for remote monitoring services due to increasing incidence of chronic diseases worldwide is one of the factors propelling market growth. Digital therapeutic applications allow patients to manage and treat diseases without constant medical intervention, thereby drastically reducing healthcare expenditure.

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https://www.grandviewresearch.com/industry-analysis/us-digital-therapeutics-market

Further key findings from the study suggest:

In terms of revenue, diabetes dominated the application segment in 2019. The growth can be attributed to increasing incidence of this diseases and demand for self-management and constant monitoring
On basis of end use, patients held the largest revenue share in 2019 owing to increased adoption of healthcare IT services through Artificial Intelligence (AI) driven smartphone apps
In the wake of COVID 19 pandemic, patients with chronic diseases are facing challenges in managing medications, visiting healthcare providers, and maintaining a balanced diet. DTx therapy can be useful in managing patient conditions remotely
Companies such as DarioHealth, WellDoc, and Kaia Health are providing guidance to diabetic patients for managing their glucose levels and maintaining a healthy lifestyle
In January 2020, Pear Therapeutics and Crossroads Treatment Centers entered into a partnership to incorporate reSET-O PDT in several opioid use disorder treatment centers located in Pennsylvania, thereby enhancing its market reach

Technical Textile Market Size Worth $250.6 Billion By 2027

The global technical textile market size is expected to reach USD 250.6 billion by 2027, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Superior properties of technical fabric such as excellent strength, versatility, and superior performance make them desirable for numerous industrial applications.

Farmers are shifting their focus towards agro-tech products owing to uncertainty in climate, limited availability of water, and threat to crops from being damaged by insects and pests. These agro-tech products are expected to boost agricultural productivity, thereby boosting market growth over the forecast period.

Factors such as increasing demand for high-performance and energy-efficient fabric and stringent government regulations regarding performance in various applications have driven market growth. Technical fabrics are been witnessing burgeoning penetration in end-user industries for varying applications, such as automotive, packaging, and medical.

Changing consumer preference toward fashion and high-level of quality and technology has further intensified the complexity of the process. Hence, it makes the manufacturing process more difficult and complex, creating high synergy between functional design, innovative approach, advanced technologies, fashion considerations, and smart materials.

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https://www.grandviewresearch.com/industry-analysis/technical-textiles-market

Further key findings from the report suggest:

Thermo-forming technology is increasingly used for the manufacturing of technical fabrics. This segment is projected to witness a CAGR of 5.4% from 2020 to 2027 and reach USD 33.3 billion in 2027
The agro textile end-use segment accounted for USD 4.5 billion in 2019 on account of its functional benefits, including superior weather resistance, protection from micro-organisms, protection from solar radiation, ultra-violet radiation, and water conservation
In Europe, the market is projected to witness a CAGR of 4.3% from 2020 to 2027 on account of the rising demand for the fabrics in household and fashion and clothing applications
In Asia Pacific, the market accounted for USD 81.2 billion in 2019 and is expected to witness exponential growth over the forecast period owing to the expansion of residential, commercial, and industrial sectors in the region
In China, the market accounted for USD 29.8 billion in 2019 and is projected to witness a CAGR of 6.3% from 2020 to 2027 owing to the availability of raw material at low cost.

Off-grid Solar PV Panels Market Size Worth $3.9 Billion By 2027

The global off-grid solar PV panels market size is projected to reach USD 3.9 billion by 2027, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing adoption of renewable energy owing to favorable government policies is predicted to drive market growth.

High efficiency at affordable operational costs along with durability offered by solar PV panels is projected to drive industry growth. Rapid population growth and industrialization have resulted in a sharp increase in power demand globally. The energy sector has turned to clean power sources resulting in increase in the installations of solar modules, which in turn is likely to propel industry growth.

Additionally, major global economies are planning to augment the installation of solar modules over the next decade, which is further projected to drive the market over the forecast period.Based on technology, thin films emerged as the largest segment in the market. Rise in adoption of clean energy for industrial and commercial power generation is resulting in increasing deployment of the technology. The technology is ideal for regions with abundant sunlight and areas that experience frequent grid failure leading to power outages.

The residential segment is projected to grow at the fastest rate over the forecast period owing to the growing residential construction activities. Major suppliers and vendors are offering long-term contracts to the owners covering regular maintenance and servicing of the panels, thereby driving the market till 2027.

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https://www.grandviewresearch.com/industry-analysis/off-grid-solar-pv-panels-market

Further key findings from the report suggest:

In 2019, Asia Pacific held the largest market share and is projected to witness a CAGR of 8.2% from 2020 to 2027, owing to rising power costs and grid infrastructure expenses in India and China
Industrial segment accounted for greater market share in 2019 as off-grid solar PV panel is an effective solution to tackle increasing power tariffs. Industrial segment is the largest consumer of electricity in the world with more than half of the world’s produced capacity being used by it
Middle East and Africa emerged as the fastest growing regional market with growing investment towards renewable energy from Saudi Arabia, and the UAE among other regional countries which are opting for cleaner sources of power generation
U.S. accounted for market share of 44.2% in 2019 owing to noticeable increase in the number of new installations over the last five years based on community efforts and exponential increase in the electricity bills.