Sterility Indicators Market Worth $1.24 Billion by 2025

The global sterility indicators market size is expected to reach USD 1.24 billion by 2025, according to the study performed by Grand View Research, Inc. It is anticipated to expand at a CAGR of 10.9% over the forecast period. Strict regulations regarding healthcare products and high emphasis on sterility parameters and measures for the prevention of Hospital Acquired Infections (HAIs) are projected to drive the market growth.

Increasing number of geriatric population prone to chronic conditions is primarily driving the demand for drugs and medical devices globally.Governments in developing economies like India and China are focusing on providing cost-effective, high quality medications. The Union Cabinet of India has provided USD 13.16 billion to the National Health Mission (NHM) from April 2017 to March 2020. Currently, India has the highest U.S. Food and Drug Administration (FDA)-approved manufacturing facilities outside U.S. It also accounts for 22.0% of the overall approved U.S. FDA plants. Thus, demand for sterility testing services and products is anticipated to rise over the forecast period.

Standardized manufacturing protocols, introduction of novel products, and adoption of new technologies has led to harmonization of quality and sterility testing standards in the healthcare industry. This has created a need for not only aseptic manufacturing techniques but also for efficient and reliable sterilization monitoring processes. Furthermore, organizations such as the Agency for Healthcare Research and Quality and Centers for Medicare and Medicaid Services are also raising awareness about the need for stringent regulations for safety and quality testing services of healthcare products. Such steps are anticipated to bode well for expansion of the sterility indicators market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/sterility-indicators-market

Further key findings from the report suggest:

Biological indicator segment captured the largest market share in 2017. Extensive usage as compared to chemical indicators owing to their reliability is anticipated to propel the segment growth
North America is expected to maintain its dominance with the largest market share over the forecast period owing to the presence of a large number of major companies and a high adoption of advanced technologies
Asia Pacific is expected to exhibit a lucrative CAGR during the forecast period. Presence of a large untapped market and availability of supportive government regulations are expected to attract global players
Some of the major players in the sterility indicators market include Getinge AB; Cantel Medical Corporation; 3M Company; Cardinal Health Inc.; Matachana Group; Mesa Laboratories; and Anderson Products Inc.

Heat Exchanger Market Worth $25.5 Billion By 2027

The global heat exchanger market size is anticipated to reach USD 25.5 billion by 2027, expanding at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Growing demand for energy in HVAC and refrigeration, power generation, and chemical industries, especially in developing economies including India, Brazil, and China anticipated to complement the market.

Energy infrastructure expansion coupled with increasing demand from the power generation sector is projected to drive the market. The market is characterized by technological innovation along with a rising focus to improve efficiency standards. These factors are likely to lower total ownership costs and increase the durability and efficiency of the exchangers over the coming years.

Heat exchangers are used in the manufacturing of chemicals in the chemical industrial production. In an industrial process, the device is used for cooling, heating, and mixing a substance at a temperature. The rapid expansion of the chemical industry is expected to act as a major factor in steering market growth.

The industry rivalry is expected to be high over the forecast period owing to the presence of numerous competitors of equal size and market share. The market is fragmented in nature with many major companies. Generic strategies employed by these companies include production capacity expansion and new technology innovation.

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https://www.grandviewresearch.com/industry-analysis/heat-exchangers-market

Further key findings from the report suggest:

The shell and tube segment accounted for the market share of 35.9% in 2019 on account of increasing demand of product in numerous end-use industries including chemical, power generation, and oil and gas
The chemical end-use segment is expected to grow with a robust pace, registering a CAGR of 6.5% from 2020 to 2027 owing to rapid expansion in the chemical industry in Asia specifically in China and India
In Europe, the market was valued at USD 7.34 billion in 2019 and projected to have a moderate growth over the forecast period owing to growth in the chemical industries and rise in demand of power generation
Asia Pacific is anticipated to emerge as the fastest growing regional segment accounting for over 30.3% by 2027 owing to the increasing construction activities along with increase in chemical industries and rise in demand for energy in the region
Key players in the market are focusing on several strategies including new product developments, expansions, partnerships, and joint ventures

Welded Spiral Heat Exchanger Market Size Worth $1.8 Billion By 2025

The global welded spiral heat exchanger market size is anticipated to reach USD 1.8 billion by 2025, exhibiting a CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. The global market is expected to witness significant growth on account of rising product demand from various industries including chemicals, petroleum, and food & beverage, among others.

Key materials widely used for the manufacturing of welded spiral heat exchanger include steel, nitrile aluminum, rubber gasket, brass alloy, and titanium, among others. The market is characterized by the presence of top manufacturers such as Alfa Laval and Danfoss. The operations of these companies are integrated across the manufacturing and distribution processes of welded spiral heat exchangers.

Welded spiral heat exchangers have an advantage over a conventional heat exchanger as the fluid is exposed to a much larger surface area. They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Based on end use, HVAC & refrigeration is expected to be the largest segment and projected to hold its position over the forecast period. The segment was valued at USD 282.1 million in 2018. Food & beverages end-use segment is expected to be the fastest-growing segment and likely to register a CAGR of 5.0% from 2019 to 2025. Power generation segment is projected to witness significant growth in the market at a growth rate of 4.2% from 2019 to 2025.

Growing industrialization in the developing economies of Asia Pacific and increasing investments in manufacturing, commercial, and industrial projects have contributed to the overall growth of the market. This has led to increased demand for spiral heat exchangers in the region as they are largely used in industries such as petrochemical and food & beverages and power generation companies. A major shift in demand for spiral heat exchangers is being witnessed from mature European and North American markets in the developing economies in Asia Pacific such as China and India.

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https://www.grandviewresearch.com/industry-analysis/welded-spiral-heat-exchangers-market

Further key findings from the report suggest:

Asia Pacific accounted for 37.6% of the overall market in 2018 and is expected to be the largest market, accelerating at a CAGR of 5.2% over the forecast period
The European market was valued at USD 397.1 million in 2018 and is likely to be the second-largest market over the forecast period owing to the rising construction and automobile industries
CSA is expected to exhibit the fastest growth rate in the global welded spiral heat exchanger market at a CAGR of 6.3% from 2019 to 2025 on account of growing petrochemical and food & beverages industries in the region.

Control Valves Market Size Worth $11.85 Billion By 2025

The global control valves market size is expected to reach USD 11.85 billion by 2025, according to a study conducted by Grand View Research, Inc., rising at a CAGR of 6.50% during the forecast period. Surging demand from industrial sectors such as energy & power, water & wastewater treatment, and oil & gas industry and growing adoption of industrial automation propelling the smart control valves market are fueling the demand for control valves. Additionally, rising demand for control valves in the pharmaceutical and food & beverages industries is expected to drive the market.

Increasing adoption of control valves is rising continuously owing to the benefits they offer in controlling temperature and pressure throughout the downstream, midstream, and upstream activities. Therefore, growing oil & gas exploration activities are triggering the demand for control valves. Control valves offer various benefits of installing modernized and sophisticated fluid handling systems. In the pharmaceutical industry, there is a rising demand for fluid handling systems, owing to safety procedures in order to manufacture a hygienic and safe product.

These sophisticated fluid handling mechanisms are helpful in speeding up the manufacturing process, thus ensuring optimal performance. Moreover, the food & beverages industry utilizes control valves to speed up the manufacturing process and ensure the hygiene of end products such as packaged food. Surging demand for packaged food is augmenting the control valves market growth. This is due to the application of flow control devices with suitable control valve design and technology for improved quality of end product.

Asia Pacific is expected to dominate the market owing to increasing demand from the energy & power and water & wastewater industries. These industries are investing heavily to automate their flow-control processes, so as to increase production efficiency and simultaneously reduce error ratio. Furthermore, expanding the production of oil sands and shale gas in North America and rising oil & gas exploration activities in regions such as Middle East and Africa, and Asia Pacific are accelerating the demand for control valves over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/control-valves-market

Further key findings from the study suggest:

The actuator segment is expected to dominate the control valves market throughout the forecast period owing to significant cost as compared to valve body and other components
The market for control valves with size ranging from 1” to 6” is expected to dominate throughout the forecast period owing to its wide demand across the food & beverages, pharmaceutical, energy & power, and chemical industries.
Asia Pacific is expected to be the most prominent region over the forecast period owing to increasing demand from industries such as oil & gas, water & wastewater, and energy & power in emerging economies such as China and India.
Prominent industry participants include Emerson Electric Co., Flowserve Corporation, IMI plc, Schlumberger Limited, and AVK Holding A/S.

Electrostatic Precipitator Market Size Worth $14.97 Billion by 2025

The global electrostatic precipitator market size is projected to be valued at USD 14.97 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.3% over the forecast period. Rising consumer awareness, inclination towards healthy lifestyle, and rise in air pollution are expected to drive the market growth.

Rising adoption of air pollution control equipment, coupled with stringent government regulations, is expected to boost the global electrostatic precipitator market by 2025. Industrialization of energy and manufacturing industries is predicted to further enhance business growth over the forecast period.

Increasing investments and technological advancements are expected to encourage expansion of the market for electrostatic precipitator in the forthcoming years. Critical air pollution level caused by vehicles and industries coupled with high demand for pollution controlling equipment in developing countries such as India and China are anticipated to spur market growth over the forecast period.

The power generation segment is expected to expand at a CAGR of 4.2% over the forecast period. High dependency on electricity in automotive backed up with industrial automation is expected to boosts demand for power generation application in near future. Power generation industry has witnessed drastic change in processes as majority of the industrial players opted for renewable energy sources such as wind, natural gas, solar etc.

In terms of technology, the dry type electrostatic precipitator was valued at USD 9.66 billion in 2017 and is predicted to witness robust growth over the forecast period. High adoption coupled with government policies and regulations is projected to encourage market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/electrostatic-precipitator-market

Further key findings from the report suggest:

The U.S. electrostatic precipitator market revenue is projected to expand at a 2.2% CAGR over the forecast period owing to stringent governmental policies along with rise in demand for air pollution control equipment
U.K., in terms of revenue, is projected to register a 1.8% CAGR over the forecast period
Growth in the India market can be attributed to rapid pace of industrialization, rising air pollution levels, and evolving regulatory framework.