Tag: Commercial

Anti-drone Market Size Worth $4.5 Billion By 2026

The global anti-drone market size is expected to reach USD 4.5 billion by 2026, expanding at a CAGR of 29.9% from 2019 to 2026, according to a new report by Grand View Research, Inc. The industry is rapidly growing due to rising concerns over the potential security threats from unauthorized aircrafts systems among both the civilian and military sectors. Increasing number of security violation incidents by such unauthorized unmanned aerial vehicles (UAVs), coupled with the rise in terrorism and illegal activities, has majorly driven the market over the last few years.

There has been a sharp rise in the adoption of UAVs for professional and leisure applications, which has resulted in the increasing concerns regarding aerial attacks among public and government. Such threats have contributed significantly towards the evolution of counter-drone measures. Several public safety departments as well as commercial establishments across the globe are increasingly deploying anti-drone systems in order to address the growing need for security.

UAVs are increasingly used for various illicit and undercover activities, such as smuggling contraband and spying. Although several prototypes have been developed to counter one UAV at a time, prominent manufacturers in the market are focusing on developing advanced solutions to counter simultaneous threats from multiple aircraft systems.

Click the link below:
https://www.grandviewresearch.com/industry–analysis/anti-drone-market

Further key findings from the study suggest:

  • There have been numerous instances of drones being used for illicit activities over the past years. Their detection and mitigation become critical concerns due to their small size and footprint
  • Military and defense is anticipated to emerge as the dominating end use sector over the next few years. Rise in the use of UAVs for smuggling and border trespassing, along with increasing R&D activities by defense prime contractors, has fueled the segment growth over the past few years
  • Innovative technologies such as radar and acoustic-based detection are increasingly implemented for the identification and classification of small unmanned aerial vehicles that are invisible to the naked eye
  • Significant investments have been made in the development of safer and effective anti-drone technologies by major venture capital firms
  • The Anti-drone market in Asia Pacific is expected to witness significant growth owing to increasing government expenditure on the expansion of the aerospace and defense infrastructure, especially in the emerging economies.

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.

Click the link below:
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.

Air Conditioning Systems Market Worth $195.65 Billion By 2025

The global air conditioning systems market size is expected to reach USD 195.65 billion by 2025, registering a CAGR of 9.9% from 2019 to 2025 according to a study conducted by Grand View Research, Inc. Factors such as increasing international tourism, growing consumer spending on home improvement, and introduction of energy-efficient systems, coupled with the rising popularity of green cooling concepts, are expected to drive the market growth over the forecast period.

Global events usually pave the way for extensive construction projects, such as the establishment of new buildings and improvement of existing infrastructure. These projects aim at accommodating and catering to the needs of international tourists & visitors or working professionals and providing them enhanced facilities. For instance, the 2020 Summer Olympics event, expected to be held in Tokyo, is expected to drive the construction and development of ample commercial, residential, and lodging spaces in the city before the event commences. Similarly, in Dubai, the government is expected to make significant investments in infrastructure development to accommodate the large number of visitors expected to be attending the Expo 2020, a universal exposition. This, in turn, is creating an increased demand for air conditioners.

The competitive landscape of the market is highly consolidated and characterized by high competition with the presence of key players such as Carrier Corporation, Haier Inc., Electrolux, Ingersoll-Rand plc, and DAIKIN INDUSTRIES, LTD. These players are engaged in mergers and acquisitions to enhance their market presence. For instance, in January 2018, Ingersoll Rand plc and Mitsubishi Electric Corporation signed a contract to create a joint venture to enhance the marketing, sales, and distribution of VRF and ductless heating and air conditioning systems. Under the partnership, the companies will distribute their products under the American Standard and Trane brands using the latter’s corporate logo and the former’s distribution channels.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/air-conditioning-systems-industry

Further key findings from the report suggest:

  • The Packaged Terminal Air Conditioners (PTAC) segment is expected to register a CAGR of over 4.0% from 2019 to 2025 in terms of volume. This growth of the segment can be attributed to their increasing adoption in hospitality and residential sectors
  • In terms of technology, the inverter segment is expected to experience significant growth over the forecast period owing to its ability to control the speed of the compressor motor, which helps in continuous regulation of temperature. This variable speed compressor helps in saving 50% more energy and power as compared to non-inverter air conditioners
  • The commercial end-use segment accounted for nearly 20% of the overall market share in 2018. The segment is also anticipated to witness substantial growth over the forecast period owing to the rapid industrialization in various North American and European countries
  • The air conditioning systems market for North America is expected to exhibit a CAGR of over 6% from 2019 to 2025 in terms of revenue. With high penetration of air conditioners in developed economies such as the U.S., the region is expected to experience growth owing to increasing demand for replacement and refurbishment of existing systems.

Chillers Market Size Worth $13.9 Billion By 2027

The global chillers market size is expected to reach USD 13.99 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Rising demand for efficient HVAC and refrigeration systems in newly constructed structures to maintain the increasing internal temperature is expected to drive the market over the forecast period.

Chillers are used in various industries, including plastics, food & beverage, printing, medical, electronics, petrochemical, pharmaceutical, and power plants to provide cooling. Increasing adoption of chillers in manufacturing facilities, residential structures, hospitals, restaurants, and sporting arenas, among others is expected to positively impact the product demand.

The demand for HVAC systems for cooling and dehumidifying the buildings is witnessing significant growth over the past few years on account of the rising atmospheric temperatures, attributed to global warming. Furthermore, the ability of the chillers to efficiently transfer heat from the internal environment to the external atmosphere is expected to support market growth.

Lockdown imposed to curb the spread of COVID-19 coupled with low GDP growth in various economies has resulted in dampening the construction activities globally. Furthermore, the closure of end-user facilities, including various production facilities and commercial buildings, has hampered the demand for repair & maintenance and aftermarket sales of the product.

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

Further key findings from the report suggest:

  • The air-cooled segment is expected to witness the fastest CAGR of 4.8% from 2020 to 2027, in terms of revenue, on account of low initial and maintenance costs of these systems due to the simple construction and design
  • The centrifugal chillers segment is estimated to witness a CAGR of 4.0%, in terms of revenue, from 2020 to 2027, due to increasing adoption of these systems in commercial and industrial buildings for cooling medium to large loads
  • The medical & pharmaceutical sector accounted for a major share of the global industrial application segment in 2019, due to high product usage in CT scanners, MRI systems, blood cooling systems, electron & laser microscope, and precision laboratory applications
  • The product demand in Italy is estimated to reach USD 728.1 million by 2027 owing to the positive growth of retail, tourism, and manufacturing industries coupled with increasing investments in the construction industry in the country
  • Major industry participants are focusing on licensing agreements, new product launches, and mergers & acquisitions to obtain a competitive edge and strengthen the market position

Aerospace & Defense Materials Market Worth $28.37 Billion By 2027

The global aerospace and defense materials market size is expected to reach USD 28.37 billion by 2027, registering a revenue-based CAGR of 4.0% during the forecast period, according to a new report published by Grand View Research, Inc. Increasing investment in modernization along with expansion of combat aircraft fleet in countries, such as India and China is expected to drive the growth.

The market is expected to benefit from the strong demand for aircraft in the foreseeable future. The number of commercial and cargo fleets around the world is expected to double over the forecast period. The huge surge in passenger and freight traffic is also anticipated to contribute significantly to the increase in aircraft production and demand for aerospace & defense materials.

The aerospace & defense industry has been a long-term promoting factor for the development and application of advanced materials. Leading manufacturers are increasingly adopting a variety of advance materials such as carbon fiber composites and titanium alloys. These materials play an important role in reducing the overall weight and increasing fuel efficiency of an aircraft.

The market players often enter into long-term supply contracts with aircraft manufacturers. The material manufacturers provide highly customized solutions to the component and aircraft manufacturer. Aircraft manufacturers are often involved in monitoring the materials throughout the value chain from design to component manufacturing to ensure the quality.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/aerospace-defense-materials-market

Further key findings from the report suggest:

  • Composites is expected to register the highest CAGR of 3.8% in terms of revenue, from 2020 to 2027, owing to the lightweight, high strength, and impact resistance characteristics of the product
  • Aerostructure is estimated to be the largest application segment. It accounted for a revenue of USD 10.37 billion in 2019. However, the segment is expected witness a decline in volume due to increased substitution of metals with composites
  • Commercial aircraft is estimated to witness substantial growth in terms of revenue at a CAGR of 4.1% from 2020 to 2027, owing to increasing demand from developing economies
  • North America held the largest revenue share of the aerospace and defense materials market with 1.8% in 2019, owing to the presence of huge aircraft parts manufacturing industry in the region
  • Major market players focus on mergers and acquisitions to expand their business and technological capabilities. They prioritize R&D of low cost materials that provide high strength

Smart Air Purifier Market Worth $4.71 Billion By 2025

The global smart air purifier market size is expected to reach USD 4.71 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.2% during the forecast period. Rising efforts to eradicate airborne diseases and to maintain clean and healthy environment are anticipated to drive the growth. Rise in pollution levels across the world is a major factor driving the demand for anti-pollution products including smart air purifiers.

Smart air purifiers help monitor and control the air quality through a smartphone enabled app which also provide live reading of air quality data. The products also help track indoor air quality over a period of time enabling consumers to observe the time of the day with the best and worst air quality. Air purifiers are used to eliminate dust, dust mites, mold, pet dander, smoke particles, vehicle exhaust, cooking smoke, and gaseous pollutants among others in a specific area. Rising smoke and PM2.5 levels are anticipated to drive the demand for air filtration and purifier products.

According to the World Health Organization (WHO), indoor and outdoor air pollution together lead to around 7 million premature deaths every year. Indoor air pollution leads to around 3.8 million premature deaths every year. These figures highlight the importance for air purifiers as an aid to reduce the impact of indoor air pollution. Manufacturers are constantly striving to launch new and innovative products to meet the growing product demand.

High Efficiency Particulate Air (HEPA) filter technology held a market share of 85.4% owing to the effectiveness of the technology across residential as well as commercial segment. These filters are small, portable, and usually work for a single-room space. These air filters can eradicate 99.97% of pollution particles.

Commercial application segment is expected to witness highest growth at a CAGR of 12.3% from 2019 to 2025 owing to rising investments by the key players. According to study from Harvard, people working in well ventilated areas with minimal level of indoor pollutants have higher cognitive functioning compared to offices with typical pollutant levels. Improved air quality also results in increased productivity. Rising focus on reducing carbon footprint of commercial buildings is anticipated to play a major role in driving the growth of this segment.

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

Further key findings from the report suggest:

  • In terms of regional revenue, Asia Pacific held the largest share of the smart air purifier market In 2018
  • HEPA filter segment is expected to expand at a CAGR of 12.3% due to rise in demand from the residential segment
  • Commercial application category held a market share of about 33.0% in terms of revenue in 2018
  • The market is highly competitive in nature with the presence of key players including Honeywell International Inc.; Koninklijke Philips N.V.; Sunbeam Products, Inc.; Xiaomi Corporation; Blueair; COWAYCO.,LTD.; Whirlpool; Americair Corporation; and Sharp Corporation

Liquid Applied Membrane Market Worth $6.92 Billion By 2022

The global liquid applied membrane market is expected to reach USD 6.92 billion by 2022, according to a new report by Grand View Research, Inc. Technical advancements in liquid applied membrane, when compared to traditional systems, allow benefit in terms of cost reduction, better planning, and overall concrete protection. Liquid applied membranes have immense market potential on account of flexibility, making them ideally suited for application in water and waste management systems.

European Commission announced favorable prices governing the production of natural based polymer products such as biopolymers, thereby enabling major players in the liquid applied membrane market to provide environment-friendly solutions. Developing markets of Asia Pacific and Europe are expected to account for over 50.0% share in global waste and water management industry, further augmenting market demand for liquid applied membrane. Governments of various developing and developed nations have comprehended the dual need for infrastructure development, coupled with sustainability and durability. This is driving the demand for green buildings, consequently generating a vast market opportunity for the liquid membranes market.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/liquid-applied-membrane-market

Further key findings from the report suggest:

  • Cementitious membrane accounts for a significant share owing to increased availability of polymer reinforced membranes which allow superior quality at affordable cost. These membranes can withstand high negative as well as positive hydrostatic pressure and provide excellent bonding to concrete, which facilitates high-quality waterproofing. The segment is expected to grow at a CAGR of 6.4% from 2015 to 2022.
  • Polyurethane membrane is expected to witness rapid growth in demand on account of its superior properties including ease of application, resistance to UV radiation, water vapor permeability, easy repair & maintenance, and high mechanical strength. Companies have been increasingly developing polyurethane based membranes to meet rapidly growing demand. These accounted for over 12.0% of the global market in 2014 in terms of revenue.
  • Roofing application dominated the market in 2014 and accounted for over 28.0% of total revenue share. Excellent physical and chemical properties of liquid applied membrane coupled with rapid infrastructural development worldwide are expected to increase penetration in this segment over the forecast period.
  • Residential segment is expected to be the major end-use on account of rising urban population and increasing infrastructure investment by governments. Asia Pacific is expected to witness rapid growth in this segment on account of growing trend of nuclear families in the region.
  • Asia Pacific market demand was over 250.0 million square meters and is expected to rise on account of increasing requirement to an elongate life of building structures and protect the infrastructure during severe environmental conditions. Governments have been investing increasingly in the protection of historical monuments which is expected to propel growth over the forecast period. In addition, increasing urban population in the region is expected to facilitate residential construction, thus driving demand for the product over the forecast period.
  • Europe accounted for over 30.0% of the global market size and is expected to witness significant growth over the coming years. The revival of European construction industry with rapid growth in demand from the UK, Germany, and Nordic countries is expected to propel liquid applied waterproofing utilization in the region over the forecast period. The construction industry in Eastern European countries including Hungary, the Slovak Republic, and Poland has also witnessed moderate growth over the past years and is expected to have a positive impact on liquid applied membrane demand over the next seven years.
  • Key market players highly rely on R&D for new product development to sustain competition. The other major strategies include joint ventures and acquisitions & mergers. In April 2014, INGE GmbH, a subsidiary of BASF SE, entered into a strategic, contractual agreement with Aquasource to synergistically improve their waterproofing solutions. In August 2013, Pidilite Industries Ltd. acquired Suparshva Business Limited to expand its adhesive business.

Tight Gas Market Demand To Reach 15,452.3 BCF By 2027

The global tight gas market demand is expected to reach 15,452.3 billion cubic feet (BCF) by 2027, ascending at a CAGR of 5.02% from 2020 to 2027, according to a new report by Grand View Research, Inc. The rise in government policies for clean fuel production, along with the deployment of advanced drilling technologies across several countries, is likely to drive the market over the forecast period.

Tight gas, a form of natural gas, is regarded as a reliable energy source for power generation and occupies the second-largest share of energy supply in the global electricity generation after coal. The share of tight gas is bound to increase over the coming years in response to the environmental and economic limits of coal generation, at least in countries where natural gas is a viable alternative. This heavy end-use application is expected to positively influence the tight gas industry landscape.

The tight gas supply chain includes production and processing, gas transmission and storage, and distribution to large volume customers, residential customers, and commercial customers. The convergence of multi-stage hydraulic fracturing and horizontal drilling has enabled the industry participants to produce natural gas from tight formations in an economic manner. The development of these advanced techniques is expected to strengthen the upstream segment of the supply chain.

Stable regulatory and fiscal policies, adoption of advanced technologies, decreasing drilling and well completion costs, along with growing investments from international market players, are among the key factors for sustaining the competitiveness of the tight gas industry. Moreover, the profitable production of tight gas depends on the accessible demand markets for it, such as electricity generation, industrial thermal sector, building thermal sector, and others.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/tight-gas-industry

Further key findings from the report suggest:

  • The industrial application segment accounted for the largest market share in 2019 owing to utilization of tight gas in various applications in industries such as for production of fertilizers, chemical plants, iron and steel plants, and in various other industries
  • The power generation application segment is expected to expand at the fastest growth rate in the forecast period owing to rise in environmental concerns regarding coal-based power generation plants, coupled with major countries around the world switching towards natural gas-based power generation plants
  • North America occupied a dominant market position in 2019, with the U.S. being touted as the major contributor across the region. Development of advanced drilling technology, along with the presence of abundant tight gas reserves, is anticipated to propel the market growth over the forecast period in the region
  • The rest of the world is expected to witness the fastest growth over the forecast period. Countries such as China and Argentina are expected to dominate the region over the forecast period owing to the presence of favorable policies and financial support from the government for tight gas development
  • The transportation application segment is estimated to expand at a significant CAGR over the forecast period owing to rise in environmental concerns regarding the usage of diesel and gasoline fuel, coupled with a rise in the adoption of compressed natural gas (CNG) fueled vehicles in major countries around the world.

Deodorizer Bags Market Worth $857.7 Million By 2025

The global deodorizer bags market size is expected to reach USD 857.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. The market is driven by increasing consumer awareness about health concerns, especially due to air borne diseases. Moreover, significant change in the consumer preference for different types of fragrances is expected to augment the demand for deodorizer bags.

The market is driven by increasing demand for the premium and quality products due to the natural ingredients present in them. Moreover, growing working class population and rising disposable income are likely to drive the demand for the products over the forecast period.

Enhanced freshness and capability of deodorizer bags to remove unpleasant odor are driving the product demand. Moreover, increasing number of product launches by the manufacturers is boosting the market growth. However, high cost of these products as compared to the other deodorizing agents has been a factor restraining the growth of the market.

The market in North America is anticipated to grow due to the rise in the sales of natural products, along with increasing product launches. The growth in the region is also attributed to growing health awareness among consumers and rise in the economic factors, such as disposable income and purchasing power for the consumers. Moreover, increasing sales in the automotive and footwear sector are anticipated to drive the product demand in Asia Pacific over the forecast period.

Growing interest in the natural and quality products among the working population due to their various health benefits will fuel the product demand in the market. Companies are expanding their geographical reach and developing novel products in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, limited extension, and online sales and developments, endeavored by the key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/deodorizer-bags-market

Further key findings from the study suggest:

  • Based on application, the cars segment is projected to expand at a CAGR of 9.8% over the forecast period. The residential segment dominated the market with an overall share of 72.3% in 2018
  • North America dominated the market in 2018 and accounted for 49.3% share of the overall revenue. This trend is projected to continue over the next few years owing to growing automotive industry, which is attributed to rise in mobility, mainly in developed countries
  • The deodorizer bags market in Asia Pacific is anticipated to witness growth due to increasing disposable income in countries, such as India, South Korea, China, and Japan
  • The industry is highly competitive due to presence of key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments.

Shale Gas Market Size Worth $131.1 Billion By 2027

The global shale gas market size is expected to reach USD 131.1 billion by 2027, ascending at a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for cleaner combustion energy sources in several end-use applications is likely to drive the market over the forecast period.

Profitable production of shale gas, a natural gas trapped in shale formations, relies on accessible demand for it. It has technical characteristics that make it a very useful and flexible fuel, where the delivery infrastructure exists, and it has found uses in the building thermal sector, industrial thermal sector, and power generation. Recent macroeconomic shifts along with fuel supply competitive dynamics have caused the proportions to favor shale gas usage in power generation more and industrial usage less.

Shale gas contributes substantial energy to electricity generation and second only to coal in terms of the share of energy supply in global electricity generation. This share is expected to grow over the next few decades in response to the economic and environmental limits of coal generation, at least where natural gas is a viable alternative. This end-use application is expected to drive the market over the forecast period.

The shale gas supply chain includes production and processing, gas transmission and storage, and distribution to city gate, large volume customers, residential customers, and commercial customers. Development of hydraulic fracturing technology along with horizontal drilling technique is expected to boost economical production of shale gas, thereby strengthening the upstream segment of the supply chain.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/shale-gas-industry

Further key findings from the study suggest:

  • North America occupied the largest market revenue share in 2019, with U.S. being the major contributor to the regional market. Abundant shale gas reserves along with development of advanced drilling technology are among the key factors influencing industry growth
  • Potential shale gas resources in China are attracting huge investments from major market players all over the world in order to extract and produce unconventional gas from the reserves
  • The power generation segment occupied the largest market share of 36.1% in 2019 owing to growing demand of natural gas in coal-to-gas electricity generation plants
  • The transportation sector is estimated to witness a significant CAGR owing to increasing number of Compressed Natural Gas (CNG) fueled vehicles across the automotive industry.