Rubber Tired Gantry Crane Market Size Worth $1.64 Billion By 2025

The global rubber tired gantry crane market size is expected to reach USD 1.64 billion by 2025, according to a new study by Grand View Research, Inc. Advancements in technologies, such as Active Load System (ALS), are expected to fuel the market growth over the forecast period. RTGs equipped with ALS technology help in increasing the stability of the container during transportation.

The increasing seaborne trade due to rapid industrialization has led to the development of port infrastructure across the globe. The growth in seaborne trade can be attributed to the increasing population, especially in developing regions. Moreover, flexible taxation across various regions for the import of goods has led to an increase in incoming container traffic. This stimulates the implementation of robust container handling equipment such as RTGs.

The recent advancements in technology have helped in increasing the efficiency of cranes during loading and unloading of the container from the ship. Cranes are being remotely controlled through a wireless medium established at a common control center that enhances driver safety and operational convenience.

The growth in vessel size due to an increase in global trade has stimulated the usage of RTGs in various ports for improving container handling capacity. The equipment operates with fewer performance deviations and carries out container stacking in a lower number of moves, thereby saves fuel and time of operation.

Market participants are increasingly focusing on green technology due to stringent government regulations pertaining to pollution and emission limits across various regions. Moreover, the use of RTGs equipped with electric drives can be optimized to consume less power.

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Further key findings from the study suggest:

The 16-wheeler RTGs segment dominated the overall market in 2016 and was valued at USD 563 million. Easy maneuverability and high load carrying capacity are expected to propel the demand for these products
Electric cranes contributed remarkably toward industry growth and were valued at USD 269.1 million in 2016
Hybrid RTGs are widely adopted as they are equipped with optional diesel generator sets that are expected to prevent the downtime and keep the equipment functional
The hybrid-powered RTG segment is expected to gain traction over the forecast period and was valued at USD 92.0 million in 2016. These RTGs facilitate port terminals and crane operators in reducing fuel expenses
The demand for this equipment in the Asia Pacific region was relatively higher, owing to its operational efficiency. The region is expected to grow at a CAGR of 4.4%from 2017 to 2025
Ports in North America are expected to receive funding from regional governments for port infrastructure development. The funds will be invested in container handling equipment and terminal development for capacity expansion
The key industry participants include Anupam Industries Limited, Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems (India) Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd., and Reva Industries Ltd.

Cord Blood Banking Services Market Size Worth $82.3 Billion By 2025

The global cord blood banking services market is expected to reach over USD 82.3 billion by 2025, growing at an estimated CAGR of around 11.9% from 2017 to 2025, according to a new study by Grand View Research, Inc. Key drivers of the market include increasing application of stem cell therapies in disease treatment, and rising prevalence of life threatening genetic disorders.

Moreover, increasing spending capacity is fueling the demand for advanced healthcare facilities including disease prevention and treatment. As a result, parents are increasingly demanding CBB services to ensure safety of their child’s future. Furthermore, private players are practicing marketing activities which are creating awareness about the availability of the CBB services and their benefits.

In addition, governments worldwide are promoting public CBB to develop ethnically diverse cord blood repository which would increase the chances of finding suitable human leukocyte antigen (HLA) match for the patients. As a result, availability of the ethnically rich CB repository coupled with anticipated rise in the stem cell therapies and bone marrow transplants, is expected to spur the CBB services during the forecast period.

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https://www.grandviewresearch.com/industry-analysis/cord-blood-banking-services-market

Further Key Findings From the Report Suggest:

Private bank segment accounted for the largest revenue share in 2016. High cost of collection, processing, and storage along with the maximum awareness created by marketing activities practiced by the players resulted in large revenue share of private banks across the globe.
Rising government support and no storage and collection costs are the major factors anticipated to drive the public banking sector during the forecast period from 2017 to 2025 with highest CAGR.
North America dominated the global market and was followed by Europe in 2016. Dominance of North America is owing to government support and high rate of stem cell therapy in the U.S. and Canada.
Moreover, high awareness and insurance coverage of cord blood banking and stem cell therapies is further boosting the growth of the market in North America
Densely populated emerging countries of Asia Pacific are anticipated to show significant growth during the forecast period from 2017 to 2025.
Factors such as increasing investment by global players, government support and rising healthcare expenditure are anticipated to boost the cord blood banking services market in Asia Pacific
Global CBB services sector is highly fragmented with presence of many private and public players. Few global players operate in various geographies through subsidiaries. While local players are operating independently in respective geographies.
Key players of this market include China Cord Blood Corporation, Cord Blood America, Inc., CBR Systems, Inc., Cordlife Group Limited, Cryo-Cell International, Inc., Cryo-Save AG, Lifeforce Cryobanks, National Cord Blood Program, ViaCord, Inc. and Virgin Health Bank

Electric Ship Market Size Worth $14.64 Billion By 2027

The global electric ship market size is expected to reach USD 14.64 billion by 2027, registering a CAGR of 11.2%from 2020 to 2027, according to a new report by Grand View Research, Inc. Growing sensitivity of various international maritime authorities towards a cleaner environment has supported the demand for a zero-emission marine electric vessel. Additionally, rising adoption of an electrically-propelled ship for inland cargo and passenger transportation is anticipated to boost the market growth over the forecast period.

The marine vessels with conventional internal combustion engine-based propulsion systems and propellers are directly connected to the engine with the shaft, which creates a high level of friction and vibration, thereby decreasing the overall efficiency of the vessel. Moreover, the vibrations created by this connection generate structural fatigue in the vessel structure and discomfort to the crew/passengers.

However, in electric ship propulsion, there is no physical connection of power source to the propeller, which reduces noise, vibration, and friction generated from this link. Moreover, increased focus of international maritime authorities to limit the noise and vibration in the vessel has compelled the shipbuilders to invest and adopt alternative technologies in accordance with the environmental regulations. Furthermore, high adoption of low vibration propulsion system in luxury passenger cruise and yachts is expected to significantly boost the market growth over the forecast period.

The conventional internal combustion engine encapsulates a lot of space as compared to an electric propulsion system owing to its physically connected machines from power source and propeller through a shaft. The shift from conventional engines to the electrical propulsion system can save a lot of space in the vessel, which further can be used to carry extra cargo and passengers to earn more profit in this competitive era. Moreover, the internal combustion engine of big marine vessels runs on bunker fuel owing to its low cost, although it generates a high volume of sulfur emission. However, increased focus of the shipbuilders on reducing sulfur emissions, along with higher effectiveness and efficiency, is expected to positively impact the market growth over the forecast period.

Moreover, increasing adoption of the electric-based defense technology in the naval defense, such as laser gun and rail guns, is expected to boost the electrically propelled vessel. Energy requirement of the technologies, such as laser gun and medium to large-caliber rail guns, is in millions of amps. These systems cannot be installed on the conventional ships owing to their huge power requirement and none of the vessels can generate or store such amount of energy. Besides, in an electric boat, the energy generated can be diverted to these new technology weapons, which has led to the adoption of these ship in the naval defense forces.

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https://www.grandviewresearch.com/industry-analysis/electric-ship-market

Further key findings from the report suggest:

By power source, the hybrid segment is expected to exhibit the highest CAGR over the forecast period owing to presence of additional propulsion option, which reduces the risk during the long route voyages
Based on power output, the less than 75 kW segment is expected to witness the fastest growth throughout the forecast period owing to its adoption in maritime tourism, border patrol, and specialized purpose vessels
On the basis of autonomy level, fully autonomous ship is expected to be commercialized by the year 2020. Owing to this fact, the market is majorly driven by semi-autonomous technologies
Asia Pacific is anticipated to register the second highest CAGR over the forecast period owing to high manufacturing rate and industrialization, coupled with huge trade volume from this region across the globe.

Bicycle Market Size Worth $75.47 Billion By 2025

According to a recent report published by Grand View Research Inc.,increase in cycling activity as a form of leisure, coupled with awareness regarding its health benefits have largely favored the market expansion.

According to a report, “Bicycle Market Size, Share & Trends Analysis Report By Product (Mountain, Hybrid, Road), By Technology (Electric, Conventional), By End User (Men, Women, Kids), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc. The global bicyclemarket size is expected to reach USD 75.47 billion by 2025, registering a CAGR of 6.1%,as per a new report by Grand View Research Inc.Bicycles are preferred for short distance commutes and can save fuel costs unlike vehicles. Moreover, growing traffic congestions and limited parking spaces are prompting people to reconsider bicycles as a primary commute option.

Rising emphasis on the use of environment friendly modes of commute for short distances by the governments across the world is projected to positively influence market growth. The fact that bicycles do not emit any pollutants is anticipated to drive their demand in near future.

The road bicycle is estimated to emerge as the fastest-growing segment during the forecast period. Road bicycles happen to be the most basic bicycles that people prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated o bode well for growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/bicycle-market

Bicycle Market Highlights

The Covid-19 pandemic emerged as a boon for Indian bicycle market as AlphaVector bicycle sales soar up five times as compared to pre-pandemic times.
In February 2021, IAA Mobility announced its first bicycle brand partners to present e-bikesa vital part of modern mobility. The summit will present a wide variety of suppliers such as IoT-tech, connectivity, tires and general hardware manufacturers.
February 2021 marked the introduction of a revamped Bicycle Commuter Act in the U.S. to ensure pre-tax commuter benefits for bike commuters similar to those who drive and park, and take public transportation to work.
Mountain bicycle segment is will expand at a CAGR exceeding 4% in the coming years, on account of its growing popularity and the increasing media coverage for racing events Bicycle Market Segmentation

Web Hosting Services Market Size Worth $171.4 Billion By 2027

The global web hosting services market size is expected to reach USD 171.4 billion by 2027, registering a compound annual growth rate (CAGR) of 15.5% over the forecast period, according to a new study by Grand View Research, Inc. The rapidly growing adoption of smartphones, coupled with the increasing internet penetration rate is anticipated to boost the market growth. The growing number of websites has also contributed to the growth of the market.

The rising number of small and medium enterprises is one of the significant growth contributors. These enterprises use web hosting services to increase their presence over the internet. The shift in the customer buying behavior from brick and mortar stores to online channels has made organizations develop and expand their online presence. Companies all over the globe are massively investing in increasing their business presence over the online channels. Additionally, the growth in internet users, coupled with growing inclination toward online purchasing, has also resulted in increased traffic on big business websites and mobile applications, especially those engaged in e-commerce activities. Therefore, these large-scale enterprises opt for private servers to host their website. Private servers enable these companies to effectively manage their heavy traffic on websites with improved security accesses.

Moreover, individuals also host their content over the internet to make it available for everyone who wants to access it. This content can be in the form of a personal website, blogs, and vlogs, among others. People access these websites or blogs to gain information or insights related to a wide variety of topics, including science, technology, medicine, environment, among several others. Although individuals are observed to be contributing less than 10% in the overall market, web hosting service providers tend to offer various plans to increase their customer base.

The market is expected to witness significant growth as a result of COVID-19 outbreak. The pandemic has resulted in increased use of websites for placing orders and hence made most of the companies to change the way business is conducted. Most of the companies have switched to doing their business online. Therefore, in the coming years, companies will focus on developing their online presence to cater to such unprecedented times. This increasing focus on conducting online business activities is expected to positively influence the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/web-hosting-services-market

Further key findings from the study suggest:

The shared hosting segment dominated the market with a share of 37.64% in 2019, attributed to the high adoption and lower cost of shared hosting plans offered by the companies
The public website segment held the largest share in the market owing to the growing number of small and medium businesses, especially in the e-commerce sector
The hybrid segment is anticipated to register a CAGR of more than 15% in 2019 owing to its benefits of an affordable cost and enhanced security
In 2019, small and medium enterprises accounted for the largest share in the market due to the presence large number of SMEs across the globe
The U.S. market is anticipated to account for the highest market share from 2020 to 2027, owing to the presence of large number of service providers in the country

Bicycle Frames Market Size Worth $32.8 Billion By 2027

The global bicycle frames market size is expected to reach USD 32.8 billion by 2027, registering a CAGR of 6.1% over the forecast period, according to a new study conducted by Grand View Research, Inc. Bicycle frame is one of the key components while purchasing a bike. It plays an important role in the bicycle performance as it influences weight balance of the vehicle. Aluminium and steel were the most preferred materials used for forming the bicycle frame traditionally. However, the development of modern composites is also leading to the adoption of materials such as titanium and carbon fiber to form frames in order to reduce the bike weight and improve the performance.

Bicycle demand is now gaining prominence after years of decline in demand mainly due to increasing influence of automotive industry. Rising adoption of bicycles as a mode of transport on account of their environmental and health benefits is anticipated to positively influence the market growth. Cycles are also widely used for recreational touring and sports activities. All the aforementioned factors are anticipated to supplement the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/bicycle-frames-market

Further key findings from the study suggest:

Road bike is the most basic type of bicycle and is expected to witness high market growth by 2027.
The market is expected to witness an increasing use of titanium and carbon fiber materials for manufacturing of frames over the forecast period
Carbon frames have gained immense popularity in the material segment. Carbon fiber material is known for its notable properties such as stiffness, lightweight, and high strength
Large concentration of manufacturers of bicycle frame in Asia Pacific is driving the regional demand
The growing trend for local distribution channel along with the rising labor cost in developing economies is driving manufacturers back to developed nations such as Europe and North America

Cooling Towers Market Size Worth $4.85 Billion By 2025

The global cooling tower market is expected to reach USD 4.85 billion by 2025, according to a new report conducted by Grand View Research, Inc. Cooling towers are used in power plants, particularly in thermoelectric power plants, to remove excess heat from the plant. With the rising global demand for electricity, the number of power plants is also expected to increase, thereby driving growth of this market.

Furthermore, a tremendous rise in the number of construction activities across the residential and commercial sectors in developing countries is expected to boost the demand for this product. Additionally, rapid global industrialization is also a key driver expected to favorably impact the cooling towers market growth over the forecast period.

Technological advancements are expected to provide improved cooling capacity, minimum components, improved installation & energy savings, and low maintenance cost, which is further anticipated to escalate market growth in the near future. Moreover, stringent government regulations relating to the use of cooling towers across different regions are also expected to positively impact market growth.

However, environmental concerns related to cooling towers such as plume, drift, and water contamination are anticipated to moderately hamper the market demand. Nevertheless, the emergence of plume abated towers and drift eliminators is expected to overcome these environmental concerns and drive market growth in the near future.

Energy-efficient towers provide optimal cooling while exhibiting eco-friendly properties. These facilitate in water conservation, provide high-efficiency motors in order to cut down on the operating cost, and reduce environmental concerns. These environmental benefits are also expected to drive the demand for the product.

HVAC systems are generally implemented in commercial spaces, large offices, and shopping malls. Cooling towers are a mandatory component of an HVAC system, which is used to remove excess heat from the building. The increasing rate of urbanization and enhanced standard of living are expected to lead to the large-scale implementation of HVAC systems, thereby driving the market growth globally.

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https://www.grandviewresearch.com/industry-analysis/cooling-towers-market

The closed-circuit type segment captured over 30% of the total revenue in 2016; however, hybrid type is anticipated to exhibit a substantial growth at a CAGR exceeding 4% from 2017 to 2025. This growth is attributed to their increasing adoption across various end-use industries.
The Fiber-Reinforced Plastic (FRP) material segment accounted for over 20% of the total market share in 2016. However,High-Density Polyethylene (HDPE) material segment is projected to register a significant CAGR exceeding 5.0% from 2017 to 2025, owing to various benefits including high corrosion resistance, low maintenance cost, and long service life.
Cooling towers have a wide scope for application in HVAC equipment and power plants due to their ability to remove excess heat. As a result, the HVAC segment is anticipated to capture a sizeable market share over the forecast period.
Asia Pacific has emerged as the fastest growing market and is expected to witness a healthy CAGR of over 5.0%, which is primarily accredited to the rapid industrialization in this region.
Key players in this industry include SPX Corporation, Evapco, Hamon & CIE International SA, Paharpur Cooling Towers, B&W SPIG (Babcock & Wilcox), Enexio, and Baltimore Aircoil Company.

Distributed Antenna Systems Market Worth $13.78 Billion By 2025

The global distributed antenna systems market size is expected to reach USD 13.78 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to register a CAGR of 11.4% during the forecast period. Key factors driving the demand for Distributed Antenna Systems (DAS) include proliferation of connected devices in Internet of Things (IoT), mobile data traffic, and demand for extended network coverage and constant connectivity. Additionally, an increase in higher-bandwidth applications and in-building demand is also supporting the market growth.

Increasing use of wireless data has been accompanied by the development of newer and faster mobile networks, such as 4G and 5G. These networks have become affordable due to their wide usage and availability of smartphones at affordable prices. Moreover, since the switching cost from one service provider to another is low, mobile network operators have to be extra cautious of the penetration and quality of their network. Increased emphasis on improving network performance has propelled service providers to opt for solutions such as DAS, to ensure round the clock availability of their network, thereby driving market growth.

However, the high cost of manufacturing along with the complex installation process of the system is expected to hamper the market growth. Cellular network providers are working on extending their network coverage and bandwidth to take into account the substantial costs involved in the development of a DAS system, which may be attributed to the high cost of consultation, planning and implementation along with the high product price itself.

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https://www.grandviewresearch.com/industry-analysis/distributed-antenna-systems-das-market

Further key findings from the report suggest:

The hybrid DAS segment is expected to expand at a CAGR exceeding 14.0% over the forecast period. This system is an ideal fit for medium-sized spaces or areas with weak signals. It is cost-effective, easily expandable, and provides increased efficiency and broader coverage
The neutral-host ownership segment captured over 48.0% of the overall market share in 2018. This segment is projected to witness the highest growth on account of a large user base, third-party ownership, and a number of players providing a range of solutions
The public venues and safety segment is expected to emerge as the fastest-growing segment over the forecast period attributed to the high adoption of DAS solution in areas such as entertainment venues, sports stadiums, and shopping malls
North America accounted for over 30.0% of the market share in 2018. Meanwhile, Asia Pacific is expected to expand at the highest CAGR owing to the increasing sales of handheld devices and smartphones in China and India coupled with rising infrastructural growth
Key players in the DAS market include CommScope Inc.; Corning Inc.; Crown Castle International Corporation; and Boingo Wireless Inc., among others. These companies are engaging in collaborations with construction companies to sustain the competition.

Health Information Exchange Market Worth $2.21 Billion By 2024

The global healthcare information exchange market size is expected to reach USD 2.21 billion by 2024, according to a new report by Grand View Research, Inc. The increasing need for greater access to patient health information is a potent driver of the health information exchange (HIE) market. Additionally, the increasing awareness pertaining to the HIE owing to the presence of government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS), is the major factor expected to drive the growth of the aforementioned industry over the forecast period.

Furthermore, the increasing focus towards advanced healthcare solutions along with the increased provision of funds from government organizations to expand healthcare information systems is expected to increase the adoption of HIE systems in the near future. For example, the presence of the Agency for Healthcare Research and Quality (AHRQ), which is instrumental in providing funds pertinent to HIE implementation in the U.S.

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https://www.grandviewresearch.com/industry-analysis/health-information-exchange-hie-market

Further Key Findings From the Study Suggest:

The private HIE segment dominated the setup type segment with respect to the revenue share of over 52.0% in 2015. This dominance is attributed to presence of larger number of service providers and higher cost efficiency in the above-mentioned segment.
Under the category of implementation model of HIE, the hybrid model segment is anticipated to grow at a lucrative rate due to the associated benefits, such as improved patient care delivery and enhanced operational efficiency of the practices
Kentucky HIE is a hybrid model implemented with an objective to provide patient information related to chronic disease management and preventive health via messaging, alerts, and other communication tools. Kentucky HIE also connects to the National Health Information Network (NHIN) and enables interoperability across various health systems.
On the basis of solution type, the platform-centric segment is expected to grow at a rapid growth rate in 2015. This can be attributed to the benefits associated with platform-centric solutions, such as storage of colossal amounts of data and facilitated HIE, thus the implied demand for the products in the health information exchange market.
In terms of applications, the internal interfacing segment is the fastest growing segment. The increasing need to connect with a larger number of patients through the use of patient engagement tools and internal interfacing is presumed to propel the demand for the HIE market.
As of 2015, North America dominated the HIE market at over 45.0% owing to the presence of vast number of companies, supportive reimbursement policies, and the increasing implementation of EHR
Asia Pacific is expected to grow rapidly at a CAGR of over 10.5% during the forecast period due to the rising disposable income levels, the increased awareness levels amongst healthcare practitioners regarding the HIE systems, the presence of outsourced HIE service providers, and the rising investments in the healthcare industry by the major players
Some key players in this sector are GE Healthcare, eClinicalWorks, Siemens AG, Orion Health, Inc., Medicity, Inc., IBM Corporation, CareEvolution, Inc., Cerner Corporation, RelayHealth Corporation, and Allscripts Healthcare Solutions, Inc.
The industry players are involved in strategic collaborations and mergers & acquisitions. The participants are striving to gain market penetration via offering end-to-end customized services to the potential consumers. For instance, in March 2016, Allscripts Healthcare Solutions, Inc. and AssistRX, Inc. entered into a partnership agreement to develop technologically advanced HIE solutions with enhanced speed and efficiency in prescribing specialty medications in the U.S.

Harmonic Filters Market Size Worth $1.28 Billion By 2025

The global harmonic filters market size is estimated to reach USD 1.28 Billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 7.1% during the forecast period. Harmonic filters are an integral part of electric power systems that are used for mitigation of harmonics, an effect produced due to non-linear loads. Significant investments in building renewable energy infrastructure worldwide coupled with the rapid adoption of variable frequency drives (VFDs) for industrial applications such as heating, ventilation, and air conditioning (HVAC) and electric motors are anticipated to boost the growth of the market.

Harmonic filter is an essential component integrated into power converters and inverters, UPS systems, and other commercial applications such as data centers, hospitals, and offices to enhance power quality in these systems. The global demand for the product is projected to rise tremendously by 2030 on account of increasing investments by governments in the deployment of renewable energy infrastructure (wind energy and solar energy).

For instance, China invested approximately USD 126 Billion on renewable energy infrastructure in 2017. Harmonic resonance is a key concern during the set-up of large solar and wind power plants. Harmonic filters are installed during the deployment of renewable energy infrastructure for the purpose of mitigating harmonic disturbances and power losses.

Additionally, key market players are focusing on developing new innovative products for the rapidly growing e-mobility market across the world. For instance, in 2017, Schaffner Holding AG introduced a new lightweight active harmonic filter for electric vehicles with the objective of delivering high performance and reducing power losses even at a high frequency. Moreover, the strong adoption of harmonic filters in the manufacturing and consumer electronics industry coupled with significant renewable energy investments enabled the Asia Pacific regional market to gain a substantial share in 2017.

Increasing investments aimed at the construction of new data centers and renewable energy infrastructure in key countries such as the U.S., China, India, and the U.K. are poised to drive the market over the forecast period. Despite all these benefits, lack of product awareness among small and medium-sized manufacturers coupled with significant availability of substitute products is likely to inhibit the growth of the global harmonic filters market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/harmonic-filter-market

Further key findings from the report suggest:

In 2017, Asia Pacific represented the leading share in the market, owing to the high adoption of VFDs in the manufacturing industry, data centers, and the energy & power sectors
Europe is expected to reflect the highest growth during the forecast period on account of increasing investments in the deployment of renewable energy infrastructure along with burgeoning demand for harmonic filters from the automotive industry, specifically for their use in electric vehicles
Significant investments in R&D initiatives to develop new and innovative harmonic filters with the objective of reducing the overall input voltage and enhancing product performance is estimated to stimulate the growth of the market
Investments aimed at building new data centers to meet the needs of business enterprises are anticipated to stir up the adoption of harmonic filters over the forecast period.