Graphene Market Size Worth $1.08 Billion By 2027

The global graphene market size is anticipated to reach USD 1.08 billion by 2027, exhibiting a revenue-based CAGR of 38.7% over the forecast period, according to a new report published by Grand View Research, Inc. Rise in awareness regarding superior characteristics of graphene, such as excellent electrical conductivity and heat resistance is expected to aid the growth.

Rise in demand for consumer electronics in emerging economies in Asia Pacific, including China, India, and Thailand is expected to positively affect the market growth. Ability of bilayer graphene to open a band gap is expected to provide a huge growth potential for adoption in infrared and terahertz radiation detection, which is expected to fuel the demand for graphene.

The market has observed a rise in number start-ups solely focused on experimental research and product development for commercializing the use of graphene. Paragraf, a U.K.-based start-up is focusing on developing graphene-based sensors. The company is also investing in research activities to replace indium in electronic devices with graphene, which is expected to drive the market growth.

Although still in nascent stage of commercialization, the product is expected to exhibit a huge growth potential over the forecast period, owing to its wide range of applications including sensors, composites, energy storage, and RFID. Increasing investments in development of enhanced quality of oxide films and graphene nanoplatelets is anticipated to drive the graphene market growth.

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https://www.grandviewresearch.com/industry-analysis/graphene-industry

Further key findings from the report suggest:

Graphene nanoplatelets dominated the market in 2019, accounting for 51.1% of the total revenue share and is estimated to witness substantial CAGR over the forecast period, owing to superior characteristics of the product including high strength and permeability
The demand from electronics sector is estimated to reach USD 391.7 million by 2027, on account of increasing product application in optoelectronics, communication, and defense electronics systems
North America accounted for the largest market share and is expected to expand at a revenue-based CAGR of 37.1% over the next eight years, attributed to advanced technological capability for electronics manufacturing
China is expected to emerge as a promising market for graphene over the forecast period on account of favorable government support to promote investments in manufacturing sector
The graphene market is highly concentrated, with majority of suppliers and manufacturers located in China. Key participants are focusing in developing strategic partnerships with end users and research institutes

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

Further key findings from the study suggest:

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

Metal 3D Printing Market Worth $14.56 Billion By 2027

The global metal 3D printing market is estimated to reach USD 14.56 billion by 2027, according to the new report by Grand View Research, Inc. The market is expected to register a CAGR of 19.2% from 2020 to 2027. Metal 3D printing is also referred to as Additive Manufacturing (AM) as it involves the successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes are built upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal and the unnecessary metal is ground out to obtain the desired object.

The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as growing demand for rapid prototyping, which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are the major factors behind the greater adoption of the technology across various industry verticals.

Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical happens to be the most significant adopter of the metal 3D printing technology and eventually leading to the largest market share of metal 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offer related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

The metal 3D printing technology happens to be capital-intensive technology. At the same time, manufacturers are holding to their misconceptions about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.

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https://www.grandviewresearch.com/industry-analysis/metal-3d-printing-market

Further key findings from the report suggest:

North America accounted for the largest market share in 2019 owing to the early adoption of the technology s
The U.S. being the highest revenue generating country in 2019 in the North America regional market, the region is predicted to exhibit steady growth over the forecast period
Increasing adoption of metal 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market growth significantly
The Asia Pacific regional market, which is emerging as a manufacturing hub for several industry verticals, is forecast to grow significantly in future as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt metal 3D printing, particularly in countries, including China, Japan, and South Korea.

Data Center Power Market Worth $10.77 Billion By 2025

The global data center power market size is expected to reach USD 10.77 billion by 2025, expanding at a CAGR of 6.9% from 2019 to 2025 according to a study conducted by Grand View Research, Inc. The market is majorly driven by the shift in focus of end-users towards hyper-scale and colocation data centers. Rising establishments of such data center facilities is anticipated to result in an increasing demand for data center power equipment over the forecast period.

Globally, data centers consume around 3% of the total energy generated. Thus, various data center designers are currently adopting advanced power distribution and management solutions to attain energy efficiency at lesser Power Usage Effectiveness (PUE) ratios. This goal to reducing the PUE ratio is expected to further fuel the demand for intelligent and advanced data center power products over the forecast period.

Uninterrupted Power Supply (UPS) is the backbone of data centers and are deployed for the smooth working of servers and other networking devices. Moreover, the cost of UPS is significantly higher than any other data center power products. Furthermore, most datacenters use smart UPS systems, battery monitoring devices, and intelligent Power Distribution Systems (PDU) to reduce the PUE ratio. Thus, increasing penetration of these new devices is expected to boost the demand for UPS over the forecast period.

Many mega data centers in North America engage in procuring renewable energy sources for data center operations. Tier 1 and Tier 2 facilities are anticipated to witness the espousal of basic PDUs. However, adoption of intelligent infrastructure with power monitoring ability is expected to witness growth owing to rising concerns about power consumption, particularly in U.S. However, rise in complexity of data center design, high initial investment costs, and interoperability issues are expected to hinder growth of the data center power market.

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

Further key findings from the report suggest:

The UPS segment held the largest market share in 2018, accredited to the increasing demand for energy in data centers and adoption of co-location data centers globally
North America accounted for around 38.0% market share in terms of revenue in 2018 and is expected continue the dominance over the forecast period, owing to the increasing number of data centers in U.S. Additionally, the region has emerged as the hub for operators and cloud service providers owing to affordable utility rate and tax incentives
The data center power market is highly consolidated and is characterized by high competition with the presence of key players such as ABB, Black Box Corporation, Eaton, Generac Power Systems, and Huawei Technologies Co., Ltd., among others
These players engage in mergers and acquisitions to withhold strong market presence. For instance, in March 2016, Generac Power Systems, Inc. announced the acquisition of PR Industrial S.r.l (PRAMAC), a manufacturer and supplier of mobile, portable, and stationary generators. Through this acquisition, the former aimed at propelling product sales and elevating its market presence in Europe.

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

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

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

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

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

Further key findings from the report suggest:

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

Commercial UAV Market Size To Reach $2.07 Billion By 2022

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

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

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

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

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

Further key findings from the study suggest:

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

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

Click the link below:
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

Permanent Magnets Market Worth $39.67 Billion By 2027

The global permanent magnets market size is expected to reach USD 39.67 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 7.5% in terms of revenue, during the forecast period. Increasing use of ferrite magnets in electronic and electrical devices, such as electric motors, earbuds, switching devices, laptops, transformers, inductors, smartphones, and signal processing devices is expected to drive the demand for permanent magnets.

Neodymium magnets are utilized in a majority of electronic devices such asHard Disk Drives (HDDs), CDs, DVDs, and earbuds owing to their high magnetic strength and ability to perform at a wide temperature range. According to Arnold Magnetic Technologies, the utilization of neodymium magnet in earbuds is approximated 0.2 grams per earbud. The increasing demand for earbuds and other electronic devices is anticipated to augment market growth over the forecast period.

High magnetization and superior performance of neodymium magnets at high temperatures make them suitable for use in generators in the energy sector. Therefore, neo magnets are increasingly used in the energy industry. Roughly 15% of the cumulative wind energy installations until 2015 were based on permanent magnets. According to the International Renewable Energy Association (IRENA), global wind energy capacity installation reached 563,726 megawatts in 2018. The increasing wind capacity installation is anticipated to augment the growth of the permanent magnets market.

In Asia Pacific, a rise in the production of electronics, passenger vehicles, and wind power generators is anticipated to increase the product application. Moreover, government initiatives such as Make in India by the Indian government, is leading the country to become the manufacturing hub in the region. Global manufacturing giants like Siemens (electric motor manufacturer), HTC (consumer electronics manufacturer), GE (Industrial motor and generator manufacturer), and Toshiba (Consumer electronics manufacturer) have either set up or in the process of establishing production plants in India. This is expected to significantly drive the demand for permanent magnets in the country.

Key market players include Hitachi Group; Arnold Magnetic Technologies; Adams Magnetic Products Co.; Molycorp, Inc.; Hangzhou Permanent Magnet Group; and Shin-Etsu. These companies are investing in capacity expansion and mergers and acquisitions to meet the growing demand from end-use industries. For instance, in June 2015, Daido Steel Company introduced a hot extrusion process to manufacture anisotropic Nd-Fe-B ring magnet named NEOQUENCH-DR, which is an isotropic bonded magnet mixed with SmFeN powder and resin bond.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/permanent-magnets-industry

Further key findings from the report suggest:

Neodymium Iron Boron magnets is anticipated to progress at a CAGR of 7.8%, in terms of revenue over the forecast period owing to the increasing demand from electric motors, air conditioning compressors and fans and energy storage systems
Industrial application is projected to witness a CAGR of 5.8% in terms of volume over the forecast period owing to increasing demand for motors around the globe
Energy is among the fast growing segments in terms of revenue, owing to the increasing demand for renewable energy sources such as wind energy in which wind turbine generator uses permanent magnets
Asia Pacific is anticipated to expand at a CAGR of 5.8% in terms of volume over the forecast period owing to the growing automotive and electronics industries, especially in China, India, Japan, and South Korea
Europe is expected to witness a CAGR of 5.0% in terms of revenue over the forecast period owing to the rising demand for electric vehicles on account of stringent regulations reducing fuel emissions in the region

Naphtha Market To Grow At A CAGR of 3.4% from 2015 to 2022

Global naphtha market size was 270.7 million tons in 2014 and is anticipated to grow at a CAGR of 3.4% from 2015 to 2022. Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry.

Naphtha is an essential part of hydrocarbon cracking process, which is conducted under extreme pressure and heat, as it exhibits superior heat resistant properties. Various environmental regulations and region dependent pricing also make the choice for usage of naphtha materials in the production process.The global demand is estimated to be worth USD 183.38 billion by 2022.

Chemical feedstock was the largest application of naphtha accounting for 65% of the total market share in 2014 and is anticipated to grow at a CAGR of 7.7% over the forecast period. Chemical feedstock is used for steam cracking process which produces gasoline. Growing demand for gasoline is expected to subsequently bolster demand. Lighter grades of the product are used for petrochemical steaming process, which produces rubber, olefins, polymers and aromatics.

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http://www.grandviewresearch.com/industry-analysis/naphtha-market

The global market is also being driven by increasing demand of plastics in electronics, packaging and construction industries in future. Energy & fuel contributed to over 25% of the total market revenue in 2014. Rising energy & fuel consumption, particularly in Asia Pacific on account of rapid industrialization as well as expansion of cities, is anticipated to fuel growth. Increasing demand for automobiles is also anticipated to play a vital role in augmenting demand for fuel, which in turn is expected to have a positive impact on the market over the forecast period.

Asia Pacific naphtha demand was 121.7 million tons in 2014 and is likely to witness significant gains over the forecast period. Over the past few years, the region has emerged as the largest exporting hub of petroleum products and the trend is expected to continue over the forecast period. Development of the transport and electrical sectors in the region on account of increasing trade activities coupled with adoption of technological advancement by consumers is expected to drive demand.

The North American market has attained maturity and is expected to witness stagnant growth at a CAGR of 3.0%, in terms of volume, over the projected period. The Middle East market is characterized by consolidation of refineries, which is expected to result in local companies expanding their presence in the global market.

CNPC, British Petroleum, Shell, Chevron and ExxonMobil together accounted for more than 50% of the global industry in 2014.These companies have a strong hold in the market on account of their efficient worldwide-distribution networks. Companies including Reliance Industries and Mitsubishi Chemical are integrated in their operations for crude oil and natural gas production which has resulted in increasing their overall economic profitability.

Specialty Fuel Additives Market Size Worth $11.31 Billion By 2024

The global specialty fuel additives market is projected to reach a value of USD 11.31 billion by 2024, according to a new report by Grand View Research, Inc. Implementation of strict environmental regulations and demand for fuel efficiency is projected to boost the market growth.

Increasing focus on emission control and energy efficient fuel in the automotive and manufacturing sector is expected to boost market growth from 2016 to 2024. The steady development of the auto industry, especially in the Asia Pacific region, coupled with increasing consumer awareness regarding the fuel additives is expected to trigger the market growth over the forecast period.

Rapid industrialization in Asia Pacific is projected to increase the demand for specialty fuel additives in the manufacturing and processing industries. Implementation of stringent emission control regulations and high demand for fuel efficient vehicles is anticipated to drive the specialty fuel additives market over the coming years.

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http://www.grandviewresearch.com/industry-analysis/specialty-fuel-additives-industry

Further key findings from the report suggest:

The global specialty fuel additives demand was 1,542.7 kilo tons in 2015 and is expected to grow at an estimated CAGR of 6.3% over the forecast period
Deposit control additives dominated the market with a market share of 40% in 2015. Increasing demand for fuel economy vehicles is expected to drive the deposit control additives segment over the forecast period.
Gasoline segment dominated the global market capturing more than 46% of total overall demand in 2015
Preference for gasoline powered vehicles in North Americas, the significant price difference between gasoline and diesel powered car in the major markets such as India are responsible for the higher penetration.
Diesel is projected to exceed petrol market to arise as a leading application for the product by 2024, on account of the rising demand for ultra-low-sulfur diesel
In 2015, Asia Pacific dominated the fuel additives market & recorded a market share of above 28%, in terms of volume. Implementation of stringent environment control regulations in China, India and Japan, rapid industrialization, and increasing use of automobiles is projected to boost market growth.
Some of the leading companies in the market include NewMarket, BASF, Innospec, Infineum, Albemarle, Baker Hughes, Chemtura, Dow Chemical, Chevron Oronite, Lubrizol, Total Additives and Special Fuels, Evonik Industries, Dorf Ketal, Clariant, Eurenco, & NALCO Champion.