Data Center Cooling Market Worth $20.7 Billion By 2025

The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc. Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.

Emergence of cloud computing coupled with initiatives by government organizations to promote the adoption of cloud technology and enable prominent vendors to introduce technological advancements is driving the market growth. For example, the government of UAE introduced various projects including Smart Dubai and Smart Abu Dhabi, which were aimed at bringing about digital transformation and economic growth in the country. Such initiatives are expected to drive the market in UAE.

Data center cooling accounts for over 30% of the total energy consumption. In the current scenario, companies are moving toward sustainable cooling, which can save up to 80% or more on energy costs for cooling. For instance, Apple’s North Carolina data center facility operates completely on sustainable, eco-friendly power sources as data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off 75% of the time.

Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth.

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https://www.grandviewresearch.com/industry-analysis/data-center-cooling-market

Further key findings from the report suggest:

  • Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networks
  • Furthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growth
  • Middle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniques
  • Several IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle East
  • Europe is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countries
  • The raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025
  • Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry participants focus on introducing different techniques to enhance their market presence

Medium And High Power Motors Market Worth $88.93 Billion By 2022

The global medium and high power motors market is expected to reach USD 88.93 billion by 2022, according to a new study by Grand View Research, Inc. Positive outcome of the manufacturing industries coupled with the implementation of stringent regulations pertaining to the electricity consumption is expected to escalate industry growth over the forecast period. Additionally, increasing replacement of aging electric motors may also elevate demand over the coming years.

Favorable government initiatives and subsidies encouraging the use of these products are also estimated to contribute significantly towards industry growth. However, high purchase cost and the lack of awareness may pose challenges to growth over the next few years. Continual rise in energy costs along with improving economic condition of industrial users may offer new avenues for industry growth.

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https://www.grandviewresearch.com/industry-analysis/medium-high-power-motors-market

Further key findings from the study suggest:

  • High voltage segment accounted for more than 50% of the overall market share throughout the forecast period owing to widespread use across diverse application areas including power plants, industrial plants, steel plants, pumps and compressors. Medium voltage power motors are estimated to exhibit high growth which may be attributed to benefits such as easy maintenance, ruggedness, and better reliability.
  • AC motors market is anticipated to grow at a CAGR of more than 7% over the next few years on account of high power factor, low purchase cost, speed variation and reliable & low maintenance operations. DC motors provide excellent speed control acceleration and deceleration along with a simple and cheap drive design.
  • Industrial machinery sector accounted for over 30% of the total share in 2014, which is expected to increase over the coming years. High adoption across diverse array of industrial applications including oil & gas, food & beverage, medical equipment, and pulp & paper may propel demand over the next few years.
  • Asia Pacific medium and high power motors market captured a considerable amount of the global revenue, which can be majorly attributed to rapid industrialization and rising government initiatives and mandates for energy efficient electric motors. In addition, North America is estimated to witness a CAGR of over 6.5% over the forecast period owing to increasing replacement.
  • The industry is fragmented with the presence of some big players including Siemens AG, Rockwell Automation Inc., Danaher Motion LLC, Franklin Electric Co., Inc., and Baldor Electric Company Inc. The market is led by innovation and new product development. Vendors also invest heavily in R&D for developing solutions to minimize power consumption and improve efficiency.

Portable Oil-Free Air Compressor Market Worth $8.54 Billion By 2022

The portable oil-free air compressor market is expected to reach USD 8.54 billion by 2022, according to a new study by Grand View Research, Inc. Emergence of next-generation compressed air systems, which offer enhanced reliability and energy-efficiency is expected to drive demand over the forecast period.

Growing demand for oil-free air in purity critical applications and focus on complying with environmental regulations is estimated to fuel growth over the forecast period. Companies introducing smart compressor solutions are projected to offer lucrative opportunities for industry growth. Factors such as lower installation and maintenance cost are expected to positively impact demand.

Increasing end-user demand for enhanced air quality and reliability is projected to stimulate portable oil-free air compressor market demand. However, increasing cost of raw material can act as a challenge for the industry.

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https://www.grandviewresearch.com/industry-analysis/portable-oil-free-air-compressor-market-analysis

Further key findings from the report suggest:

  • Rotary air compressor market accounted for over 45% of the overall revenue in 2014. They have increasingly gained popularity and are widely used in various industries. They are most generally used in sizes from about 30 hp to 200 hp. Additionally, these compressor have low initial cost and weight, compact size, and are easy to maintain.
  • Manufacturing segment is estimated to exhibit substantial growth, at a CAGR of over 3.0% from 2015 to 2022. These products are critical across the manufacturing sector as they eliminate contamination in painting and surface preparation process, helping to ensure high-quality assembly. They avoid production stoppages and replacements caused due to sludge and oil hampering the robotic operation, and help manufacturers maintain high paint quality by preventing water-based paints to come in contact with the silicones found in oil.
  • Europe portable oil-free air compressor market dominated global revenue in 2014, and is expected to grow at a CAGR of over 7% from 2015 to 2022. Increasing investments in Eastern Europe combined with volatile energy pricing and regulations is estimated to offer lucrative opportunities for the industry growth across this region.
  • Portable oil-free air compressor market share is occupied by companies such as Atlas Copco, Ingersoll Rand, General Electric, Chicago Pneumatic, and Bauer Group. Large manufacturing companies use these products to supply large amount of moderate-pressure air to pneumatic tools.

Commercial UAV Market Size To Reach $2.07 Billion By 2022

The global commercial UAV market size is expected to reach USD 2.07 billion by 2022, according to a new study by Grand View Research, Inc.

Increasing applications in agriculture and law enforcement are expected to drive the commercial UAV industry growth over the forecast period. Commercial drones are finding applications across various industry verticals globally. Every industrialized country in the world is making investments in drones, thus driving the scope and technological developments for applications in the commercial UAV market.

Drones are contemporary alternatives for activities, where human life cannot be risked. Such drones find applications in various industrial verticals including military, homeland security, retail, and agriculture. The demand is significantly higher for military applications, although commercial applications are progressively catching up.

Aviation regulatory bodies such as the Federal Aviation Administration (FAA) have imposed restrictions on the use of such drones taking into consideration the difficulties in managing such huge air traffic and the safety of the citizens. However, the FAA is known to be undertaking an initiative to accelerate the UAV approval process for public safety agencies and broaden access to civilian organizations for a variety of commercial, industrial, and other applications.

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http://www.grandviewresearch.com/industry-analysis/commercial-uav-market

Further key findings from the study suggest:

  • Rotary blade drones accounted for over 70% of the global market share owing to their easy maneuverability and compact design. Moreover, such single and multi-rotor drones equipped with rotary blades have Vertical Take-Off and Landing (VTOL) abilities for applications, where there is limitation of space for fixed blade drones to take off. The development of advanced hybrid UAVs that operate on non-conventional sources of energy and nano, small miniature drones serve multiple applications across various industry verticals.
  • Government applications dominated the global commercial UAV industry constituting over 40% of the market share in 2014. Increasing applications in law enforcement, security and surveillance, R&D activities, infrastructure, disaster management, and environmental studies have led to an increased demand for such unmanned aerial vehicles from the concerned government agencies. Innovative applications across agricultural sector have made it the fastest growing application segment, which is projected to grow at a CAGR of over 18% from 2015 to 2022. Special agricultural drones can take snapshots of fields and help in analyzing crops. In addition, fix winged drones can be used for applications such as watering, spreading seeds, fertilizers, and pesticides over large farm fields that drastically reduce the time required and increase the efficiency.
  • North America is expected to grow at a CAGR of over 16% over the forecast period on account of concentration of major drone manufacturers and increasing applications in the commercial sectors in the region. Governments and technology giants across the world are striving hard to provide internet to the people as a basic necessity. Facebook Inc. recently acquired Ascenta, a drone manufacturer for its pilot project to provide internet in remote areas using drones as movable wireless access points. Relaxation in regulations and increasing use of drones in law enforcement activities in Europe have led to the regional industry growth.
  • Major industry participants include AeroVironment Inc., BAE Systems, DJI, Elbit Systems, Parrot SA, Israel Aerospace Industries, The Boeing Company, and Textron Inc. Manufacturers resort to mergers and acquisitions as their key growth strategy to make their presence felt in the industry. Augmented funding, technological collaborations, and government agencies are expected to emerge as critical success factors for industry growth.

3D Medical Imaging Devices Market Size Worth $20.8 Billion By 2026

The global 3d medical imaging devices market size is expected to reach USD 20.8 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.9% during the forecast period. High prevalence of cancer, cardiovascular diseases, and Alzheimer’s among other chronic diseases is projected to drive the growth. Rise in healthcare expenditure across developed economies and rapid technological advancements are other prime factors responsible for the market growth.

Few noteworthy technological advancements include development of imaging systems with low radiation levels and increasing approvals of contrast and media/agents. For instance, in April 2016, Bracco Diagnostics, a U.S. based subsidiary of Bracco Imaging S.p.A., an Italian giant in the 3D imaging; received approval from the U.S. Food and Drug Administration (FDA) for its new ultrasound contrast agent Lumason, for pediatric and adult patients. In another instance, Germany based healthcare company, Bayer Healthcare received FDA approval in May 2016 for Gadovist injection used in the angiography procedures in U.S. Such factors are expected to bode well for the global market growth over the forecast period.

However, the 3D medical imaging devices market is restrained due to the high cost of devices and the shortage of helium used in the cooling of MRI scanners.

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https://www.grandviewresearch.com/industry-analysis/3d-medical-imaging-devices-market

Further key findings from the study suggest:

  • By type, computed tomography emerged as the largest segment in 2017 owing to the rise in road traffic accidents
  • Orthopedic led the application segment owing to the global rise in old age population with musculoskeletal problems
  • Rise in healthcare expenditure in emerging markets, such as India and China coupled with awareness regarding early diagnosis are key factors propelling growth of the 3D medical imaging devices market
  • North America held the largest market share in 2017. Growing adoption of minimally invasive surgeries and demand for novel technologies are expected to support this dominance during the forecast period
  • Asia Pacific is projected to witness swift growth during the forecast period owing to the rapidly improving healthcare infrastructure and the presence of large patient population
  • Few of the key market players include Siemens Healthineers; Philips Koninklijke; GE Healthcare Ltd.; Hitachi Medical Systems; Del Medical Systems Inc.; and DigiRad Corporation.

Smoking Cessation & Nicotine De-Addiction Market Worth $21.8 Billion By 2024

The global smoking cessation and nicotine de-addiction market is expected to reach over USD 21.8 billion by 2024 according to a new report by Grand View Research, Inc. 

The base of population addicted to smoking is rapidly increasing across the globe. This population subset majorly includes teenagers and the working population. Smoking-related mortality is very high. The increasing desire to quit smoking and the numerous health complications associated with smoking serve as strong incentives for companies to introduce novel smoking cessation products, such as Revolymer, which has introduced the next generation nicotine gums to help smokers quit smoking. The launch of these improved and innovative nicotine replacement therapy products is to serve as a high impact rendering driver for the growth of the smoking cessation and nicotine de-addiction market. 

The growing incidence of target diseases such as chronic obstructive pulmonary disease (COPD), asthma, cardiac diseases, and lung cancer, and the increasing awareness pertaining to the hazardous side-effects of smoking are the factors expected to promote market expansion. Educational institutions remain active in organizing various campaigns and programs to spread information about the harmful effects and consequences of smoking so as to increase young population awareness. 

Click the link below:
http://www.grandviewresearch.com/industry-analysis/smoking-cessation-and-nicotine-de-addiction-products-market

Further key findings from the study suggest:

  • Nicotine Replacement Therapy (NRT) dominated the smoking cessation and de-nicotine addiction product market in 2015. Majorly used NRT products include nicotine chewing gums and the transdermal patches. Increased availability and the introduction of the ingestible nicotine products with different flavors are the factors responsible for its large market share.
  • The e-cigarette segment is anticipated to grow at a CAGR of19.0% over the forecast period. The major factors responsible for the growth of the E-cigarette market include the introduction of second and third generation e-cigarettes, the availability of various flavored products, the presence of numerous vendors operating and selling e-cigarettes under different brand names.
  • North America held a large market share of over 35.0% in 2015 owing to the high awareness levels of nicotine de-addiction products with around 90% of the U.S. population were identified as aware of e-cigarettes in 2015
  • Asia Pacific is the fastest growing market. The registration of nicotine de-addiction products and e-cigarettes as well as the strengthening of the company distribution channels in countries, such as China, India, and Australia are expected to support the growth over the forecast period
  • Some key players of this market are Pfizer, Inc., Cipla Ltd., Novartis International AG, GlaxoSmithKline plc, Takeda pharmaceutical Company Ltd., McNeil AB, Revolymer plc, Imperial Tobacco Ltd., and VMR products, LLC
  • The market players are making slow but steady progress in the e-cigarette market by focusing on the development, commercialization, and distribution of the FDA approved nicotine products. For instance, in 2014, Victory Electronic Cigarettes Corporation acquired Ten Motives Ltd. with an aim to expand their distribution channels and attain wider market coverage.

Biosimilars Market Size Worth $61.47 Billion By 2025

The global biosimilars market size is expected to reach a value of USD 61.47 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 34.2% over the forecast period. Major biological drugs are approaching the patent cliff. This is the most significant driving factor for the market. For instance, Roche’s MabThera/Rituxan (rituximab), a monoclonal antibody biologics was approved by the U.S. Food and Drug Administration (FDA) in November 1997 and its U.S. patent expired in September 2016. Several companies such as Amgen, Boehringer Ingelheim, and Pfizer are focusing on the development of biosimilar drugs of rituximab.

Furthermore, the lower cost of biosimilars compared to patented biologics and positive outcomes in clinical trials are expected to boost market growth. For instance, in July 2016; Allergan plc and Amgen stated results from a Phase 3 clinical study of ABP 980 compared with trastuzumab, a recombinant DNA-derived humanized monoclonal antibody. This drug was approved for early and metastatic breast cancer and metastatic gastric cancer in many regions. Currently, there is a boom in the pharmaceutical industry for the development of biosimilar drugs, which is a cost-saving alternative to biologic drugs. Amgen Inc.; Sandoz International GmbH; Teva Pharmaceutical Industries Ltd.; Pfizer Inc.; Biocon; Samsung Bioepis; and Mylan N.V are some of the companies focusing on the development and production of biosimilars.

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https://www.grandviewresearch.com/industry-analysis/biosimilars-market

Further key findings from the report suggest:

  • In 2016, the recombinant non-glycosylated protein was the largest revenue-grossing segment in the biosimilars market owing to the prevalence of growth hormone deficiency and diabetes and other chronic diseases
  • Recombinant glycosylated protein segment is expected to grow at a significant rate during the forecast period owing to demand erythropoietin and monoclonal antibodies for the treatment of cancer and anemia
  • Oncology accounted for the largest share in the application segment in 2016 due to increasing adoption of low-cost biosimilar drugs for cancer treatment
  • Europe was the leading regional segment in terms of revenue share in 2016 owing to favorable regulatory policies
  • North America is expected to witness the highest CAGR during the forecast period owing to the high prevalence of chronic diseases and a rising number of drug approvals
  • Some of the major players are Amgen Inc.; F. Hoffmann-La Roche Ltd.; Sandoz International GmbH; Dr. Reddy’s Laboratories Ltd.; Teva Pharmaceutical Industries Ltd.; Pfizer Inc.; Samsung Bioepis; Biocon; and Mylan N.V.

Foot & Ankle Devices Market Worth $3.4 Billion By 2025

The global foot and ankle devices market size is expected to reach USD 3.4 billion by 2025, based on a new report by Grand View Research, Inc. The market is expected to observe an exponential growth during the forecast period due to the rising incidence of ankle sprains, hammertoe, bunions, osteoporosis and rheumatoid arthritis.

Ankle fractures are one of the most common types of foot injury. Nearly 170,000 people suffer from ankle fractures per year, which require surgical treatment. It is one of the nine most common fractures. This can be attributed to the relatively small surface area of contact in the ankle and the 1.5 times higher body weight on it at rest & 5.5 times higher forces in case of heavy activity. This makes the long-term viability of ankle joints crucial.

Nearly 50,000 patients are diagnosed with end-stage ankle arthritis per year, wherein the ankle cartilage is worn out, causing painful bone-on-bone contact and disability. These patients are recommended total ankle replacements as opposed to ankle fusion, as it provides higher efficacy, thus driving the market. Favorable reimbursement scenario for joint replacements is one the major contributors to its market growth. Medicare, along with some private insurers, reimburses the procedure.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/foot-and-ankle-devices-market

Further Key Findings From The Study Suggest:

  • Bracing and support dominated the market in 2016. Increasing application of braces drives the market and has resulted in industry players developing and introducing new products in the market. For instance, in October 2017, Vickers Grant Holdings, LLC launched ATHLETICA with an ankle brace as an introductory product for the brand.
  • Aging results in significant changes in the skeletal and neuromuscular systems, leading to arthritis, weak ligament, and ACL tear. Symptomatic and asymptomatic tears affect more than 50% of the geriatric population. This is one of the key drivers attributed to the accelerated growth of soft tissue orthopedic devices.
  • Geographically, North America held the largest market share in 2016 and is expected to maintain its position during the forecast period. This large share can be accounted for high adoption rate of new technology and favorable reimbursement scenario.
  • The companies are tending toward providing novel products by adopting new technology. In February 2016, Zimmer Biomet received FDA approval for its 3D printed foot-and-ankle implant—Unite3D Bridge Fixation System. The product is perceived to offer greater stability and rigidity due to its integrated structure.
  • Some key industry contributors are DePuy Synthes, Zimmer Biomet, Stryker, Integra LifeSciences Corporation, Wright Medical Technology, Inc., Advanced Orthopedic Solutions, Acumed, Bioretec Ltd., and Ossur.

Disaster Recovery Solutions Market Size Worth $26.23 Billion by 2025

The global disaster recovery solutions market size is expected to reach USD 26.23 billion by 2025, according to a new study by Grand View Research, Inc., registering a strong CAGR of 36.5% during the forecast period. The market has been experiencing a significant increase in demand owing to growing instances related to infrastructure failure, cyberattacks, natural disasters, and other internal and external threats. Unanticipated events such as these cause disruption in business operations, resulting in massive losses for organizations.

Various companies are reconsidering their plans for backup and recovery of important business applications and data over the past few years owing to increasing occurrences of planned, manmade disasters. For instance, malicious attacks such as WannaCry and Locky ransomware in 2017 led to the loss of thousands of encrypted files and systems. The government and private sectors incurred considerable financial losses owing to these attacks.

Businesses are increasingly incorporating disaster recovery (DR) solutions in their business continuity strategies, making DR plans a critical part of IT priorities. Moreover, increasing awareness about the benefits of implementing such solutions and the growing adoption of cloud-based solutions are promoting the adoption of disaster recovery solutions among SMEs.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/global-disaster-recovery-solutions-market

Further key findings from the study suggest:

  • By type, the backup and recovery solutions segment is expected to exhibit the highest CAGR of 38.8% over the forecast years, owing to easy, cost-efficient, flexible, and secure backup and recovery of critical business data in the event of a disaster
  • Among professional services, managed services are presumed to register the highest CAGR of 37.0% over the forecast period, as they help curb costs while ensuring unaltered service quality
  • On the basis of enterprise size, the small enterprise segment is anticipated witness the fastest growth from 2017 to 2025, owing to increasing adoption of cloud-based solutions by SMEs
  • Currently, hybrid deployment is the most preferred method for deploying disaster recovery solutions and is expected to retain its popularity over the forecast period, owing to the fact that it helps in lowering on-premise installation costs
  • By end use, the government and public sector is anticipated to witness the highest adoption over the coming years, owing to the growing number of digitalized economies, especially in developing nations
  • Asia Pacific is anticipated to expand at the highest CAGR of 40.0% over the forecast period, owing to increasing IT investments in developing nations such as China and India
  • Key industry participants operating in the market include Unitrends, IBM Corporation, iland Internet Solutions, Sungard Availability Services, and Microsoft Corporation.

Military Simulation & Virtual Training Market Worth $15.07 Billion By 2025

The global military simulation and virtual training market size is expected to reach USD 15.07 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.2% over the forecast period. Rising political instability and disputes coupled with the growing adoption of simulators and virtual training methods to safeguard the trainees are expected to drive the market. Rising prices of armed components and environmental concerns are expected to fuel demand for virtual training practices from the defense sector.

Over the past decade, the military simulation & virtual training market is gaining prominence as it is considered as a cost-effective solution for training the armed personnel to ensure their safety. However, the procurement of simulator and virtual training devices is primarily dependent on the purchase of military equipment such as fighter aircraft, tanks, gunneries, submarines, armored vehicles, helicopters, naval ships, and Unmanned Aerial Vehicles (UAVs). The current and future military expenditure is expected to influence the growth of the market from 2018 to 2025.

North America accounted for around 36% of global military spending in 2017 and is expected to lead the military simulation and virtual training market over the next few years. This growth can be attributed to the increasing demand and high defense expenditure of countries, such as the U.S. and Canada. However, Asia Pacific is expected to expand at the highest CAGR of 5.0% over the forecast period majorly driven by the increasing investments in the defense sector in countries such as China and India, which accounted for around 17% of the global military spending in 2017.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/military-simulation-and-virtual-training-market

Further key findings from the report suggest:

  • Flight simulation segment is expected to lead the military simulation and virtual training market over the forecast period owing to high spending in the aero-defense industry
  • Air application segment is expected to continue leading over the forecast period due to the wide adoption of flight simulation techniques to reduce the penetration of live training, thus helping the government reduce operating costs
  • The platform segment is expected to reach USD 2.59 billion by 2025, growing at an accelerating CAGR of 4.3% over the forecast period
  • North America is expected to be the largest regional segment over the forecast period owing to the huge investments in the U.S. defense industry
  • Prominent industry participants include L-3 Technologies, Inc.; Lockheed Martin Corporation; Thales Group; and The Raytheon Company among others.