Oil Free Air Compressors Market Size Worth $15.56 Billion By 2025

The global oil free air compressors market size is expected to reach USD 15.56 billion by 2025, registering a CAGR of 4.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Low maintenance costs, retrofitting of existing systems, efficient operation at lower costs, and rising adoption of variable-speed compressors are some of the key factors driving the market over the forecast period. The products find application in several industries, such as petroleum, electrical power, chemical, and manufacturing. A gradual shift from the traditional manufacturing techniques to economical methods is a major trend in these industries, which helps boost demand for such compressors for optimal energy distribution purposes.

For instance, the government of China has announced strict regulations for environment fortification, which have ultimately increased the demand for energy-efficient products in the country. Oil-free products provide reliability and ease of operation owing to enhanced product performance. Therefore, they are widely used in the construction and mining activities. High transport mobility offered by these products is also projected to spur their demand across several end-use industries, such as oil & gas. Furthermore, involvement of less degradable parts coupled with low maintenance costs will fuel the global demand over the forecast period.

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

  • The portable compressors captured the major market share in 2018 and will maintain the dominance in future on account of their high durability and light weight
  • Centrifugal products are expected to witness a rapid growth over the forecast period due to their ability to reduce carbon footprint by ensuring clean and uninterrupted air supply
  • Increasing adoption of compressors with a 2 to 55 kW power rating in the end-use industries is a key factor that positively affecting the growth of the segment over the forecast period
  • Manufacturing segment held more than 30% of the global share in 2018. However, the home appliances segment is anticipated to register the highest CAGR owing to higher product demand
  • Asia Pacific is expected to emerge as the largest and fastest-growing segment over the forecast period due to rising need to increase the power generation capacities
  • Key companies in the global oil free air compressors market include Gardner Denver, Atlas Copco, Ingersoll-Rand PLC, General Electric, and Bauer Group. Most of them are focusing on developing low-maintenance and eco-friendly products to maintain their industry position

Immersive Virtual Reality Market Worth $1.88 Bn By 2020

The global immersive virtual reality market is expected to reach USD 1.88 billion by 2020, according to a new study by Grand View Research, Inc. The industry is expected to witness profound growth over the next five years, as more consumer devices hit the market. Immersive VR headsets came into prominence during 2013 with the arrival of the Oculus Rift Developer Kit. The device is widely credited with giving the consumer VR space a kick start and creating anticipation & hype among consumers. Over the past two years, the industry has witnessed the arrival of several consumer version VR headsets such as the VRTX One, Durovis Dive, Homido, and the low-cost Google Cardboard, thereby popularizing the technology.

Presently, immersive VR headsets are only partly commercialized and several consumer versions are anticipated to be launched in 2015–2016, including the Oculus Rift, HTC Vive, Sony PlayStation VR, and FOVE. GTDs and other motion tracking peripherals have also gained significant acceptance as an accessory to the HMD. Virtual reality PDWs have evolved in technology and resolution. The development and provision of CAVE systems and VR rooms for consumers are expected to boost demand for PDWs.

Technological development triggers a plethora of VR solutions with varied capabilities that allow users to experience the utmost immersion. Making the VR experience more real serves as a key driver towards market penetration and adoption. Most of the available solutions are limited to head tracking leaving tremendous opportunities for the development of new technologies that increase the user’s sense of immersion and presence.

VR devices may pose an inconvenience to certain users owing to their ergonomics and weight. Bulky devices offer render users with a sense of fatigue and discomfort after prolonged use. Simulation sickness is one of the greatest hurdles to be overcome while designing VR experiences. Key stakeholders have been focusing on the issue aggressively and tackling it with extreme precision, keeping sensitivity, and user comfort at priority.

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https://www.grandviewresearch.com/industry-analysis/immersive-virtual-reality-market

Further key findings from the report suggest:

  • Fully immersive technologies are expected to be the largest and fastest-growing technology segment over the forecast period owing to the growing popularity of wearable devices among consumers. The segment accounted for over 75% of the revenue in 2014.
  • HMDs dominate the global immersive VR market share. Mobile VR headsets make use of smartphones for the screen, for example, Google Cardboard, whereas integrated HMDs have inbuilt screens, for example, Oculus Rift. The segment accounted for over 60% of the revenue in 2014.
  • Demand in retail and medical sectors is expected to witness exponential growth over the next five years. Consumer electronics application accounted for the largest share of 45% in 2014, and this trend is expected to continue over the forecast period.
  • North America immersive virtual reality market accounted for about 50% of the overall share in 2014 owing to the presence of key vendors in the region coupled with a myriad of technology giants. Affordability and availability of consumer VR continue to drive growth across regions.
  • Several start-ups and individuals with technological expertise have raised funds through Kickstarter and promoted their solutions through online campaigns. Consumer electronics manufacturers such as Sony, HTC, and Samsung, and technology giants such as Google, Facebook, and Microsoft have also ushered into the market with VR solutions.

Electric Scooters Market Size Worth $41.98 Billion By 2030

The global electric scooters market size is expected to reach USD 41.98 billion by 2030 at a CAGR of 7.7% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adoption of e-scooters among the young population, rising purchasing power of the middle-class community in developing countries, and rapid urbanization are expected to significantly drive product demand across the globe. Electric scooters offer affordable last-mile transportation as compared to on-demand transportation. Agility and ease of maneuver in densely populated areas with high traffic congestion are additional advantages these vehicles offer, which is expected to fuel E-scooters market growth.

Consumer satisfaction is another essential factor for vendors trying to retain existing customers or looking to expand their customer base. It can be measured using various parameters such as durability, maintenance expense, performance, comfort and safety, and operating cost. Vendors are trying to focus on two critical factors to attract customers: design/style and specifications. In May 2019, Pure EV launched two electric scooters for the Indian market, EPLUTO and ETRANCE, with the long-range of 120kms per charge. The ETRANCE scooter has a ground to handle height of about 3.5ft and weighs around 47kgs. These specifications were specifically designed with the women population in the country.

The year 2018 witnessed the introduction of various battery-operated two-wheelers, for instance, Vespa Electrica by Piaggio & C. SPA. The following year was highly promising for most electric scooter vendors owing to the various strategies adopted by them to expand their fleet to international markets. Besides this, well-established two-wheeler companies launched their electric scooters and invested in the installation of charging systems and infrastructure across various countries. For instance, Gogoro, Inc. and KYMCO expanded their reach in other regions to capture the benefit of untapped market. GenZe By Mahindra, YAMAHA Motor Pvt. Ltd., VÄSSLA ELECTRIC SCOOTERS., and PURE EV are among other players that integrated swappable battery systems in their electric scooter variants. Moreover, the governments in several Asian and European countries have been offering subsidies to drive the sale of battery-powered two-wheelers. These initiatives are anticipated to become more robust with increasing gasoline prices.

Asia Pacific dominated the global market in 2019 and is predicted to continue its dominance over the forecast period. The growth in the region is accredited to the presence of increasing number of e-scooter manufacturers and rising vehicle charging infrastructural investments in countries such as Taiwan, India, and China. In 2019, China acquired over 84% of the revenue in the Asia Pacific market. North America is poised to grow at a considerable pace from 2020 to 2030. The growth in the region is owing to faster adoption of electric vehicles in the U.S. as an alternative to traditional fuel transportation.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-scooters-market

Further key findings from the study suggest:

  • By product, the retro segment is expected to dominate the E-scooters market owing to significant demand for the same among youth and elderly population
  • Based on battery, the sealed lead acid segment dominated the market with a 63.8% share in the market in 2019 due to benefits such as low cost, and robustness. However, the share is anticipated to decline swiftly owing to significant rise in demand for Li-Ion batteries
  • Asia Pacific is expected to be the largest regional market over the forecast period owing to significant investments in vehicle charging infrastructure and government subsidies for battery-powered scooters
  • Prominent industry participants include Gogoro, Inc.; Piaggio & C. SPA; Mahindra GenZe; Gogoro, Inc.; Jiangsu Xinri E-vehicle Co. Ltd.; and Hero Electric.

Flexible Display Market Worth $39.19 Billion By 2025

The global flexible display market size is estimated to reach USD 39.19 billion by 2025, expanding at a CAGR of 28.1% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising adoption of portable electronic devices is the major factor driving the growth. Flexible displays are lightweight, energy-efficient, and shatter-proof, which, in turn is driving their adoption for smartphone manufacturing.

Rising sales of consumer electronics, such as wearable devices, bendable TVs, and foldable laptops are expected to proliferate the demand for flexible displays during the forecast period. Furthermore, technological advancements in the manufacturing process of flexible Organic Light Emitting Diodes (OLED) has boosted the demand over the past few years.

Rising demand from industries, such as healthcare and automotive has opened new growth avenues for the flexible display market. Automotive manufacturers are focusing on integrating flexible displays in automotive interiors. For instance, in May 2019, Samsung Corporation and Audi AG formed a strategic partnership to push Audi’s concept car, Audi Prologue A9 Prototype. The proposed car is expected to house a flexible, high-resolution Samsung OLED display near the gear stick helping driver control vehicle settings.

Flexible display manufacturers are investing huge amounts in R&D in a bid to develop energy efficient products. In 2018, a total of 20,590 individual patents/applications were filed by the companies such as Sony Corp., Philips, Samsung Corporation and others. In October 2018, Royole Corporation, a flexible display and smart devices manufacturer, launched FlexPai, a foldable device which can be bent, rolled, and operated as a smartphone as well as tablet.

Thus, technological advancements in the field of displays are anticipated to provide sound growth opportunities to manufacturers and offer customers high-quality touch screen displays. However, huge capital investment requisite to manufacturing flexible substrate is expected to hamper the market growth during the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/flexible-display-market

Further key findings from the study suggest:

  • The OLED display segment is expected to register significant CAGR of more than 20.0% by 2025. The significant rise in adoption of OLED technology on account of its ability to reproduce full range picture without a stacked structure, keeping the picture quality intact, is expected to bode well for the segment growth
  • The plastic material segment accounted for over two-third of the total market share in terms of value in 2018 and is expected to expand at a CAGR exceeding 22.0% from 2019 to 2025. The dominance is majorly driven by the properties, such as durability and flexibility offered with respect to size and shape
  • The smartphone application segment is expected to expand at a noteworthy CAGR of 25% over the forecast period. Flexible displays are lightweight and shatter-proof, which is anticipated to drive the demand
  • Asia Pacific is expected to witness substantial growth in the forthcoming years, owing to the huge base of consumer electronics manufacturers along with the escalating demand for compact and light-weight electronic devices
  • The flexible display market is characterized by high competition with the presence of established players, such as BOE Technology Group Co., Ltd.; Corning Incorporated; Innolux Corp.; AU Optronics Corp.; E Ink Holdings, Inc.; Japan Display Inc.; LG Display Co., Ltd.; Royole; Samsung Electronics Co., Ltd.; and Sharp Corp. (Foxconn) among others
  • These players are making huge R&D investments in R&D to develop cost-effective material substrates for use in flexible displays. Companies are aggressively patenting technologies to get competitive advantage

Blood Culture Test Market Worth $7.3 Billion by 2026

The global blood culture test market size is expected to reach USD 7.3 billion, at a CAGR of 9.1% by 2026, according to a new report by Grand View Research, Inc. Increasing prevalence of bloodstream infections and infectious diseases is the most significant factor anticipated to propel the growth. Rising demand for advanced diagnostic techniques for the diagnosis of infectious diseases, such as sepsis, is projected to drive the growth. Thus, many manufacturing companies have begun focusing on development of advanced diagnostic instruments and consumables. For instance, Cepheid offers Xpert MRSA/SA assay that aids in accurate detection of SA and MRSA in positive blood culture specimens in about an hour.

Introduction of various government initiatives pertaining to the prevention and control of infections is likely to propel the demand for blood culture tests. According to the Centers for Disease Control and Prevention (CDC), there was 46% decrease in central line-associated bloodstream infections in U.S. between 2008 and 2013, owing to the efforts taken by the U.S. government for the prevention of Hospital-acquired Infections (HAIs).

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https://www.grandviewresearch.com/industry-analysis/blood-culture-tests-market

Further key findings from the report suggest:

  • Conventional blood culture technique was the largest revenue-grossing segment in 2018 owing to increased applications of this method in hospitals, independent clinical laboratories, and pathology laboratories
  • In product segment, consumables accounted for the largest market share in terms of revenue in 2018, due the product applications in diagnostics and research, with repetitive purchase, such as blood culture media, assay, kits, and reagents, adding to the revenue
  • Automated blood culture systems is the fastest growing segment owing to the advantages of automation, such as low chances of error and faster result generation
  • Molecular technology is projected to expand at the highest CAGR over the forecast period, due to rising demand for advanced products by hospitals and laboratories for diagnosis of infectious diseases
  • Bacterial infections accounted for the largest revenue share in 2018, due to the fact that they are the most common cause for infection in the blood
  • Reference laboratories is projected to expand at the highest CAGR during the study period, because there is an increase in outsourcing of blood tests by hospitals to reference laboratories
  • North America accounted for the largest revenue share of the blood culture test market in 2018, due to the presence of well-developed healthcare infrastructure in this region
  • Asia Pacific is anticipated to register the highest CAGR during the forecast period owing to increased focus of government on the prevention of infectious diseases
  • Few key players include Becton, Dickinson and Company; bioMérieux SA; Thermo Fisher Scientific, Inc.; Danaher Corporation; Luminex Corporation; Roche; Bruker Corporation; and Abbott Laboratories.

Medical Cameras Market Size Worth $18.06 Billion By 2025

The global medical cameras market size is expected to reach a value of USD 18.06 billion by 2025, according to a new report by Grand View Research, Inc. Medical cameras have gained an indispensable position in modern medicine. Images and videos released from medical cameras are currently used across life science applications where visual study requires documentation. These cameras find an array of application majorly in microscopy, ophthalmology, pathology, endoscopy, lab automation, biomedical research, rheumatology, and other specialties.

Dermatologist Inspecting Patient Skin Moles with Dermatoscope and Camera

These products ensure accurate diagnosis thereby facilitating the doctors to make precise and appropriate interpretations. Performance benchmarks are increasing to ensure better healthcare delivery, owing to the increasing private funding and investments in healthcare facilities and infrastructure. Consistent technological advancements coupled with increased acceptance and application of products is expected to exhibit good market growth during the forecast period. However, medical images and videos are highly sensitive healthcare records and hence use of camera technologies and products are restrained.

The market on the basis of application is witnessing significant growth in the endoscopy segment, owing to wide range of use in examinations of the gastrointestinal tract, the respiratory tract and other procedures such as laparoscopy, arthroscopy, cystoscopy, obstetrics, bronchoscopy, laryngoscopy, mediastinoscopy and others. By technology, digital imaging (2D/3D) segment occupied the largest market share, owing to several advantages such as instant examination of the images, and can be recaptured if necessary and no film purchase or development costs are involved.

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http://www.grandviewresearch.com/industry-analysis/medical-cameras-market

Further Key Findings From the Study Suggest:

  • Endoscopy is the largest segment, owing to the rising demand for minimally invasive surgeries and the increasing prevalence of diseases such as arthritis, cancer and cardiovascular diseases
  • The Digital imaging (3D/2D) technology holds the largest market share in the year 2015 that use CMOS / 3CCD image sensors. However, CMOS digital imaging is expected to replace CCD technology due to certain advantages such as less power consumption and increased consolidation.
  • Dermatology is anticipated to exhibit highest growth rate owing to increase in chronic dermatological diseases and complications and the subsequent rise in the use of medical cameras to diagnose dermatological conditions.
  • Asia-Pacific region is anticipated to record fastest growth owing to the continuous advancements in imaging technology, and increase in R&D in efforts to improve healthcare infrastructure. .
  • Some of the major key players in the medical cameras market include Carestream Health, Inc., Canon, Inc., Olympus Corporation, and Stryker Corporation.

Smart Pills Market Size Worth $3.0 Billion By 2025

The global smart pills market is expected to reach USD 3.0 billion by 2025 at a CAGR of 15.5% during the forecast period, according to a new report by Grand View Research, Inc. An increase in prevalence of diseases such as colorectal cancer and gastrointestinal disorders, expansion in the geographical reach of major players, rising cancer screening awareness programs, and expeditious FDA approvals are prime factors that are expected to drive the market growth over the forecast period.

Smart pills have transformed the landscape of small bowel, colon, and gastrointestinal endoscopy by providing a non-invasive and accurate method for visualizing distal duodenum, jejunum, small bowel, colon, gastrointestinal, and ileum. Smart pills are mostly used for screening and treatment of diseases such as colorectal cancer, gastroparesis, gastric ulcers, and gastroesophageal disorders.

Consumers of smart pills mostly include geriatric population, immobile patients, and patients with paralysis. Considering the steady rise in geriatric population around the globe, the demand for advanced medical devices will also increase as they offer a degree of convenience to patients. Established players in this market are enhancing their portfolio by upgrading existing devices. On the other hand, new players are focused on capturing emerging economies with breakthrough products that are both advanced and affordable.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-pills-market

Further key findings from the report suggest:

  • Capsule endoscopy is the largest application segment owing to factors such as growth in cancer screening awareness programs, increase in the incidence of Crohn’s disease and bowel cancer, and an increase in demand for minimally invasive procedures
  • North America is the dominant region with the largest revenue share. The wide availability of products, favorable reimbursement policies, increase in government investments in healthcare, and an overall rise in healthcare expenditure support market growth
  • Asia Pacific is expected to witness the fastest growth over the forecast period. Factors, such as an increase in disposable income, mandatory healthcare insurance, and rise in healthcare expenditure are expected to drive the market
  • Commercially available smart pills include PillCam Capsule, ABILIFY MYCITE, CapsoCam, and Olympus Endocapsule
  • Key players in the smart pills market include Medtronic, Olympus Corporation, Proteus Digital Health, MediSafe, and CapsoVision

Legionella Testing Market Size To Reach USD 352.6 Million By 2025

The global legionella testing market is expected to reach USD 352.6 million by 2025, according to a new study by Grand View Research Inc. The increasing prevalence of Legionella-related disorders, along with requirements of rapid diagnostic procedures, is expected to drive the industry growth.

According to the CDC, the number of people suffering from Legionnaires’ disease was 4,548 in 2013. The incidence of pneumonia and related disorders is constantly rising due to the contaminated environment. The rising incidence of Legionellosis will drive market growth in the coming years, especially in the industrial sector.

The conventional bacterial testing is least preferred nowadays since it is labor-intensive and time-consuming. Against the difficulties faced due to the conventional microbial testing methods, rapid automated tests are gaining popularity in the industry.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/legionella-testing-market

Further Key Findings From the Study Suggest:

  • Water testing has been identified as the largest testing type segment in terms of revenue, due to increased water testing activities in various industries as a preventive measure to control infections
  • Water testing has also been projected as the fastest-growing segment over the forecast period followed by IVD testing
  • Among the types of water testing applications, microbial culture held the majority of market share in 2015 in terms of revenue
  • On the other hand, PCR is expected to be the fastest-growing water testing type over the forecast period
  • Urine antigen tests were identified as the largest IVD testing segment, while PCR is projected to be the fastest-growing segment
  • Key market players in Legionella testing market include Beckman Coulter, Inc.; Bio-Rad Laboratories, Inc.; Alere, Inc.; Roche Diagnostics; Thermo Fischer Scientific, Inc.; and Becton, Dickinson and Company (BD)

Gesture Recognition Market Worth $30.6 Billion By 2025

The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.

Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.

Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/gesture-recognition-market

Further key findings from the study suggest:

  • Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market
  • The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period
  • Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period
  • The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.

Video Analytics Market Size Worth $9.4 Billion By 2025

The global video analytics market size is expected to reach USD 9.4 billion by 2025, according to a new study by Grand View Research, Inc., registering a 22.8% CAGR over the forecast period. Increasing demand for intelligent security surveillance systems, which can be used for estimating key trends and deriving patterns, is the key factor driving the market growth. In addition, increasing concerns over public safety and the use of video analytics in criminal investigations are positively impacting demand for video analytics solutions.

Apart from surveillance, video analytics solutions have also found increasing applications in the retail sector for estimating average footfall, gender bifurcation, display effectiveness, and attractiveness of shelf space. Furthermore, superstores and mega marts have started implementing these systems to gain insight into consumer behavior.

The use of advanced algorithm technology in video analytics enables the examination of captured videos frame by frame, irrespective of light exposure, thereby making video analytics a reliable and efficient choice for ensuring security. Furthermore, industries such as transportation, retail, and healthcare are witnessing a significant increase in the adoption of video analytics, owing to rising application of intrusion detection, license plate recognition, crowd management, and congestion detection in these industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/video-analytics-market

Further key findings from the study suggest:

  • Facial recognition is expected to emerge as the fastest-growing application segment with a CAGR of 25.9% from 2017 to 2025. This can be attributed to the widening scope of facial recognition solutions for surveillance purposes at malls, events, airports, and public transport, among others
  • By type, the services segment is projected to register the highest CAGR of 24.0% for the next eight years. This can be attributed to increasing demand for and installation of video analytics solutions, which are, in turn, propelling demand for related managed and professional services
  • The cloud segment is anticipated to emerge as the most preferred deployment option for video analytics solutions as it offers flexibility and convenience, allows remote access, and provides easy maintenance
  • North America accounted for the largest share in 2016 and is driven by the presence of prominent market players who consistently work on developing new and innovative technologies in video analytics
  • The retail end-use segment is anticipated to register the highest CAGR of 25.6% over the forecast period.  This may be attributed to the use of video analytics in applications such as people counting, display and promotion effectiveness, product placement and store layout, and customer preference pattern analysis
  • Asia Pacific is expected to experience the highest growth from 2017 to 2025, driven by emerging economies such as India and China. These nations are expected to augment their expenditure on intelligent and security surveillance systems
  • Key industry participants include Cisco Systems, Inc.; Axis Communications AB; Bosch Security Systems GmbH; Agent Video Intelligence Ltd.; Honeywell International Inc.; IBM Corporation; AllGoVision Technologies Pvt. Ltd.; Genetec Inc.; Aventura Inc.; and i2v System Pvt. Ltd.