Hand Dryers Market Size Worth $1.7 Billion By 2025

The global hand dryers market size is expected to reach USD 1.7 billion by 2025, expanding at a CAGR of 11.5% from 2019 to 2025, according to a new report by Grand View Research. A key factor contributing to the market growth is decrease in oil and gasoline reserves. Over 464 gallons of oil and 42 gallons of gasoline are used to make one ton of paper towels. Hand dryers reduce the usage of gas and fuel and contribute towards greener solutions. Demand for these products is increasing as it helps in eliminating the mess caused by the usage of paper towels, thereby improving the restroom appearance.

One of the measures to reduce water wastage is to use hand dryers instead of paper towels. Approximately 7,000 gallons of water are used to make one ton of paper towels. The manufacturing process of hand dryers does not involve the usage of such a massive quantity of water. Demand for these products is expected to increase owing to elevating need to conserve water, coupled with increasing demand for reducing the expenditure associated with paper towels.

Even in developing countries such as China and India, legislatures regarding environmental pollution and health and safety of workers are evolving at a rapid pace, owing to the global standardization of operations. The significant factors that are affecting the regulation change across the globe are the international initiatives that have been taking center stage in the international markets for quite some time now.

Europe accounts for the maximum market share as compared to other regions owing to availability of numerous hotels and restaurants. Moreover, the geographic span of the European continent is quite large consisting of several tourist attractions, which led to the hotel industry to flourish significantly.

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https://www.grandviewresearch.com/industry-analysis/hand-dryer-market

Further key findings from the study suggest:

Jet air dryers are estimated to continue their domination over the projected period owing to their extensive adoption across the globe. The segment accounted for the largest market share in 2018 and is expected to expand at the highest CAGR from 2019 to 2025
Fully automatic hand dryers include least human intervention, which helps to increase efficiency and reduce operational costs. Thus, the fully automatic hand dryers segment accounts for the largest market share
Wall mounted hand dryers offer ease of installation and operation, especially at public washrooms where space is a concern. In addition, wall mounted hand dryers are easy to maintain and effortlessly serviceable due to their mounting technique. All these factors are responsible for the greater adoption of wall mounted devices, accounting for a major market share
The hotel and restaurants industry accounted for the largest market share in 2018. The shipment across the industry stood at 889.3 thousand units in 2018, dominating the entire hand dryers market
Key players in the market include American Dryer, LLC.; Dyson Technology India Pvt Ltd; Electrostar; Euronics Industries Pvt Ltd; Jaguar Group Sdn. Bhd.; Excel Dryer; Panasonic Corporation; Mitsubishi Electric Corporation; SPL Industries Limited; Bobrick Washroom Equipment Inc.; Saniflow Hand Dryer Corporation; Taishan Jieda Electrical Co. Ltd.; and World Dryer.

IGBT And Super Junction MOSFET Market Is Expected To Reach USD 10.74 Billion By 2020

The global IGBT And Super Junction MOSFET Market is expected to reach USD 10.74 billion by 2020, according to a new study by Grand View Research, Inc. The need for high energy efficiency coupled with green initiatives is expected to be the key market driver over the forecast period. Changing consumer preferences have led to high demand for electric vehicles, which is also expected to drive power electronics adoption, and thus the IGBT & super junction MOSFET market.

The data center market has witnessed growth, which has spurred data center UPS market growth across organizations. High renewable energy demand has led to increased installation of wind turbines, which is expected to favorably impact the global market. The availability of alternatives to these products may restrain market growth over the next six years. Growing smart grid infrastructure is expected to serve as a considerable growth opportunity for companies operating in the market.

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http://www.grandviewresearch.com/industry-analysis/igbt-and-super-junction-mosfet-market

Further key findings from the study suggest:

IGBT accounted for the majority of the overall market in 2013; this can be attributed to the significant IGBT module market. These modules are used in inverter applications, and enabling equipment miniaturization is expected to be the key driving factor for this segment. Reduced heat dissipation along with higher efficiency is expected to fuel the super junction MOSFET market over the next six years.
Electric and hybrid electric vehicles are expected to witness the highest growth over the forecast period. IGBT is largely used in these vehicles as compared to its counterpart, which is mainly on account of low cost and a considerable number of application areas such as in lighting and infotainment. The proliferation of consumer electronics has positively impacted the converters/chargers segment.
Asia Pacific is expected to remain the dominant regional market over the next six years; it accounted for over 35% of the market share in 2013. High demand for efficient power semiconductors across end-use industries is expected to fuel the regional market over the forecast period.
Notable industry participants include Infineon Technologies, STMicroelectronics, Fuji Electric, Vishay Intertechnology, and Mitsubishi Electric. Establishing a strong global presence and a competitive product portfolio are among other key initiatives adopted for sustaining in the market.

Cloud Security Market Size Worth $12.63 Billion By 2024

The global cloud security market size is expected to reach USD 12.63 billion by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.9% during the forecast period. Growing number of targeted cyberattacks and increasing investments in cloud infrastructure are anticipated to trigger the growth of the market.

Burgeoning popularity of cloud infrastructure owing to its benefits such as on-demand services, scalability, flexibility, and cost effectiveness. In addition to tussle between public and private cloud, emergence of hybrid cloud has given cloud users numerous platforms and frameworks to choose from. As adoption of cloud is reaching new levels, security issues concerning cloud users and vendors are also gradually mushrooming.

Emphasized by data breaches in recent years and increasing threat of cybercrime and targeted attacks, the demand for cloud security solutions is estimated to increase over the forecast period. The market is also projected to witness significant efforts by industry participants for creation of regulations and compliance laws owing to growing need for industry-wide standards. Demand for security services and policy implementation is also expected to increase, in turn driving the overall cloud security market.

Dynamic nature of the industry may result in an increasing adoption of open source platforms. In addition, versatility of data and diverse threat vectors will lead to security-as-a-service offerings and managed security service providers gaining traction in the market. Sharing of responsibility between cloud service providers (CSPs) and cloud end users for security and data protection will have a positive impact on the industry. Furthermore, technologies such as virtualization and convergence and initiatives such as computer emergency readiness teams (CERTs) are likely to help in implementing security at different levels of cloud infrastructure.

Increasing sophistication of hacking techniques and technological advancements in cyberespionage are poised to unleash new generation of attacks such as advanced persistent threats (APTs), ransomware, malicious insider, distributed denial of service (DDoS), and zero day threats. As a result, industry wide collaborations and partnerships to tackle emerging threats are estimated to shape the future of the market.

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https://www.grandviewresearch.com/industry-analysis/cloud-security-market

Further Key Findings from the Report Suggest:

Polymorphic, self-mutating codes, and evasion techniques have made the traditional security technologies and endpoint protection mechanisms obsolete
Recent years have witnessed numerous high level data breaches such as attacks on Home Depot, Anthem, Ashley Madison and even security providers such as Kaspersky Labs.
North America held the largest share in terms of revenue in 2016 owing to increasing awareness regarding threat of cyberattacks and corporate espionages.
Numerous countries and regions such as the European Union are adopting specific cyber laws and regulations to protect data and information. For example, Germany is opting for greater data privacy, whereas other countries such as U.S. and France are striving for greater visibility in internet traffic.
Numerous industry specific regulations such as Health Insurance Portability and Accountability Act of 1996 (HIPPA) for healthcare, Payment Card Industry Data Security Standard (PCI DSS) for financial sector as well as international laws including Safe Harbor Act and European Union Data Protection Directive are anticipated to play a vital role in the development of the market.
Key industry players such as CA Technologies, TrendMicro, Symantec Corp., Intel Corp. and IBM Corp. are focusing on technological alliances, partnerships, and collaborations with other industry players to maintain market competencies.

Traction Transformer Market Size Worth $827.1 Million By 2025

The global traction transformer market size is expected to reach USD 827.1 million by 2025, according to a study by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Fast pace of modern lives and surging demand for high-speed commute options are promoting several changes in rail infrastructure across the globe, including shift to technologically advanced electric locomotives. This trend is anticipated to provide a significant push to the market over the forecast period.

Furthermore, favorable government initiatives, including introduction of various policies, funding for high-speed locomotives, and implementation of safer technologies in trains, are leading to positive developments in the global rail infrastructure sector. Increasing expenditure on comfortable and convenient traveling are also encouraging several developments in rail infrastructures worldwide. These transformations are likely to result in greater demand for traction transformers in the next few years.

Growing environmental concerns regarding power consumption, costly and unsafe locomotives, noise pollution, and dependence on crude oils are impelling adoption of traction systems. Furthermore, expansion of rail transport networks for better traffic management, saving time required for commute, and providing cost-efficient services are stirring up their demand in rail systems globally.

Worldwide, rising number of rail projects is translating into increased adoption and implementation of traction transformers on a large scale. Presence of a limited number of market players offering these products has resulted in fierce competition. Resultant concentration of projects and revenue in hands of a select few companies, which often results in risk of efficiently managing supply and demand, can challenge the growth of the market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/traction-transformers-market

Further key findings from the study suggest:

Traction transformers provide several benefits over conventional fossil-fuel based traction systems, including rapid acceleration, space availability, cost-efficiency, light-weight, and low power consumption
Based on voltage network, the alternative current (AC) systems segment held the largest market share in 2018. The demand for AC traction systems is driven by increased adoption of electric locomotives for long-distance travel routes
Based on mounting position, the machine room segment is poised to exhibit a CAGR of 5.8% over the forecast period. The growth of the segment can be attributed to maximum flexibility and low maintenance offered by equipment mounted in machine rooms
Based on rolling stock, the electric locomotives segment commanded the highest revenue share in 2018. Upswing in the demand for electrified rail systems has played a pivotal role in high demand for electrical locomotives over the years
Europe held the dominant share in terms of revenue in 2018. Early development of electrified rail network and favorable regulatory policies aimed at developing efficient public transport are projected to stimulate the growth of the regional market
Prominent industry participants include Siemens, ABB, Alstom, and EMCO Limited
These market players are engaged in offering differentiated product portfolio and in entering private-public partnerships to withstand competition. For instance, recently ABB was awarded contracts by governing bodies for the development of metro infrastructure across major metropolitan cities.

North & South America Mineral Supplement Tablets Market Worth $3.8 Billion By 2027

The North and South America mineral supplement tablets market size is expected to reach USD 3.8 billion by 2027, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.7% during the forecast period. Higher prevalence of diseases such as osteoporosis, anemia, cancer, obesity, and diabetes coupled with increasing consumer awareness regarding health and fitness is anticipated to drive the growth.

Increasing mergers and acquisitions, new product launches, partnerships, and investments in mineral supplements is also anticipated to positively impacting the growth. In September 2019, NOW Foods acquired SuperNutrition supplement company to expand its product portfolio while keeping the formulation principles of the founder and the business ethics of the family in consideration.

Rising geriatric population is expected to boost the demand for vitamin, mineral, and other supplements in near future. Growing consumer focus on disease prevention over treatment is also positively impacting the market growth. Consumers are more focused on disease prevention than on treatment. This factor is projected to bode well for the product demand in both North and South America.

Moreover, emergence of e-commerce platforms, presence of a large consumer base, and rising channel proliferation, are the factors driving the market growth. Recent product innovations in the market and growing mergers and acquisitions are resulting in market expansion, which is further contributing to the growth of the market for mineral supplements. For instance, In April 2018, Youcam partnered with Amway and launched Artistry-a mobile application-for an innovative Augmented Reality (AR) shopping experience and redefining customer experience.

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https://www.grandviewresearch.com/industry-analysis/north-south-america-mineral-supplement-tablets-market

Further key findings from the study suggest:

Calcium emerged as the largest product segment in 2019 owing to high nutrition deficiencies, especially among women and the elderly in developing countries
Factors such as rising adoption of e-commerce platforms, presence of a large consumer base, and rising channel proliferation, are anticipated to create growth opportunities for the market in South America
In 2019, North America held the highest revenue share owing to rise in prevalence of mineral deficiencies, especially that of calcium and iron

COVID-19 Diagnostics Market Size Worth $24.6 Billion By 2027

The global COVID-19 diagnostics market size is expected to reach USD 24.6 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.1% during the forecast period. An increase in the need for mass testing and efficiency in diagnosing the infection are key contributors to market growth. As the number of COVID-19 cases is exponentially rising, the need to develop rapid and easy-to-use diagnostic and serology tests is also increasing. This has created opportunities for emerging players and new market entries, thereby driving market revenue.

Large-scale operational entities in Sweden, such as Tele2, H&M, and Spotify are engaged in mass testing for distinguishing the staff tested positive from uninfected. In addition, key players are constantly accelerating the production and supply of diagnostic tests to keep pace with the increasing need for disease containment. For instance, in May 2020, Roche introduced an antibody test which is recognized as 100% accurate by Public Health England.

Exploring the potential of novel molecular technologies in the scaling-up of coronavirus testing is expected to offer a significant momentum to the expansion of COVID-19 diagnostics space. For instance, CRISPR-a gene editing technology-has recently made its way into the coronavirus testing market. This gene-editing technology enables detection of SARS-CoV-2 genes, via a protein, namely, CRISPR-Cas12. Acknowledging the potential of this technology in diagnosing coronavirus patients, the Food and Drug Administration (FDA) recently approved the CRISPR test for coronavirus patients in the U.S. This diagnostic kit has been approved under the provisions of emergency use.

The expanding pool of startup companies actively operating in the market for COVID-19 diagnostics is also expected to intensify market participant competition. This trend has been prominently observed in the Asia Pacific region, contributing to the fast-paced growth expected to be witnessed by this region through 2021-2027. Some of the startup manufacturers of novel COVID-19 tests include Mylab, DNA Xperts Private Limited, Rokid, Bione, and SD Biosensor.

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https://www.grandviewresearch.com/industry-analysis/covid-19-diagnostics-market

Further key findings from the report suggest:

Diagnostic service is estimated to capture the maximum revenue share owing to the introduction of policies and mandates to conduct testing at a large scale globally
The nasopharyngeal swabs segment is estimated to dominate the market in 2020 with a revenue share of 48%, followed by an Oropharyngeal (OP) swab. Nasopharyngeal swabs are the gold standard for COVID-19 sample collection; both oropharyngeal and nasopharyngeal swabs are largely employed in PCR testing. This has propelled the expansion of point-of-care COVID-19 testing market space, which has contributed to the segment’s fast-paced growth through 2021 to 2027
The increasing popularity of at-home testing and handheld instruments targeted toward combating the shortage of coronavirus test kits has been witnessed. This is expected to result in the lucrative growth of Point-of-Care (POC) testing during the forecast period
Laboratories are estimated to be the key revenue contributing end-users owing to the primary role of laboratories in sample testing for suspected individuals
Asia Pacific is projected to dominate the market for COVID-19 diagnostics in 2020 with a revenue share of around 37% and is expected to maintain this dominance during the forecast period. This is attributed to the robust funding for fast-track studies pertaining to clinical validation of rapid testing as well as the rapid launch of novel products. Robust government initiatives aimed at increasing the number of operational laboratories dedicated to coronavirus testing across Asian countries are set to propel the market growth

Cardiac Catheters & Guidewires Market Worth $21.32 Billion By 2027

The global cardiac catheters and guidewires market size is expected to reach USD 21.32 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2020 to 2027. Lack of substitutes in the market, increasing incidence of diabetes and cardiovascular diseases across the globe, and launch of new product lines by the key players are the major factors driving the market.

Multiethnic team of doctors and nurses working together, network of concepts on the top: healthcare and medicine

Key players operating in the market are continuously involved in launching new product lines in the market. For instance, in May 2019, Medtronic PLC globally launched a new Telescope Guide Extension Catheter equipped with new features and technologies. This device provides entry to distal lesions and additional backup support. The device also helps in delivering balloons, other interventional devices, and coronary stents during angioplasty procedures and restoring blood flow through the peripheral and coronary arteries. Furthermore, this device combines a round, solid pushwire with a coil-reinforced hydrophilic-coated distal segment, allowing a physician to deal with complicated lesions.

The regional players are also making continuous efforts to launch new technologically advanced products in the market and maintain their position in the market. For instance, a Swiss manufacturer, SIS Medical launched three new models of balloon catheters: NIC 1.1 hydro, EasyT, and NIC Nano hydro, equipped with new standards and technology. Recently, the products also received CE marking and can be marketed within the European Union countries. The company is also seeking other approvals to enter into the Middle Eastern and South American countries in the upcoming years. Therefore, such instances are anticipated to positively impact the market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cardiac-catheters-guidewires-market

Further key findings from the report suggest:

By product, cardiac catheters held the largest market share in 2019 and is anticipated to witness the fastest growth over the forecast period owing to increasing use of these devices and rising cases of cardiovascular diseases
Based on end use, ambulatory surgery centers are anticipated to witness the fastest growth over the forecast period. Rising demand for minimally invasive procedures across the globe owing to their several advantages is expected to propel the segment growth
Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising incidence of cardiovascular diseases and diabetes in the region.

Europe Hydrocarbon Solvent Market Size Worth $1.93 Billion By 2025

The Europe hydrocarbon solvent market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc. it is anticipated to expand at a CAGR of 5.1% during the forecast period. Abundant availability of key petrochemical raw materials, relatively lower price of petroleum derived solvents compared to their counterparts, and sustained utilization in numerous end-use industries are some of the primary driving factors for the market.

The demand for solvent-based paint and coatings is growing at a steady rate owing to an increase in consumption in architectural applications and end-user industries such as oil and gas, aerospace, marine, and steel. The demand for paints and coatings is also on the rise due to increasing disposable income of consumers, product innovation, and market penetration.

In the European paint industry, white spirit holds a major share, with approximately 60% of this product being used for manufacturing varnishes, paints, and lacquers. Several other products have been introduced in the European market aligned with the regulatory compliances. A number of companies have introduced cycloparaffinic or naphthenic solvents as direct alternatives to xylene and toluene, which are aromatic but strictly regulated owing to their high Volatile Organic Compound (VOC) content.

One of the most significant value addition in the manufacturing of the hydrocarbon solvents is the commercialization of products with minimal or negligible environmental impact. The solvents with least VOCs proportions are gaining traction. Such trends are anticipated to significantly contribute towards rapid demand as well as product innovation by major participants in the Europe hydrocarbon solvent market.

The white spirits is estimated to be the fastest growing product segment with a CAGR of 2.2% in terms of consumption over the forecast period. While, aromatic hydrocarbon solvents was the most consumed product category and is expected to generate a total demand of around 910 kilo tons by 2025.

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https://www.grandviewresearch.com/industry-analysis/europe-hydrocarbon-solvents-market

Further key findings from the report suggest:

Paints and coatings was the largest application segment and is expected to be reach over USD 630 million by 2025
Printing inks is one of the fastest growing application categories in Europe hydrocarbon solvents market and is expected to expand at a CAGR of 5.3% in terms of value over the next seven years
Germany accounted for over 15% of the total regional demand and is estimated to generated a total revenue of USD 316.9 million by 2025
Companies are now concentrating on sustainable approaches to manufacture chemical intermediates with very low VOC content to prevent serious environmental impact
Some of the key players operating in the Europe hydrocarbon solvent market include Eastman Chemical Corporation, Dow Dupont, BASF SE, Total SA, Ashland, and Chevron Corporation.