Brewery Equipment Market Worth $25.88 Billion By 2027

The global brewery equipment market size is expected to reach USD 25.88 billion by 2027, expanding at a CAGR of 5.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Growing consumption of different types of craft beer across the globe is anticipated to drive the demand for brewery equipment.

Increasing usage of craft breweries, including brewpubs and microbreweries, globally is projected to drive the market over the forecast period. Furthermore, constant product innovations are resulting in an increased focus of the prominent market players towards business expansion by installing new breweries, thereby augmenting the product demand.

Macro breweries require a high number of tanks as well as high capacity equipment to ensure consistency in beer production on a large scale, thereby resulting in higher equipment demand. Furthermore, rising demand for craft beer due to the growing preference among individuals for natural, tasty, and local products is likely to complement the market growth.

Various brewers are adopting considerable changes in the operations as well as brewing processes to differentiate their products based on factors, such as taste and packaging. The increased level of competitiveness in the industry is likely to result in the increased focus of market players towards the development of superior products over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/brewery-equipment-market

Further key findings from the report suggest:

Europe accounted for 48.2% share of the global revenue in 2019 on account of increased beer consumption, coupled with a surge in beer processing, thereby leading to propelled demand for brewery equipment
By mode of operation, the automated brewery equipment is estimated to expand at a significant CAGR from 2020 to 2027 owing to the increased focus of various economies, including Brazil and Argentina, on optimization and automation in the beer-making process
The U.S. dominated the North American market by accounting for 71.4% share of the overall revenue in 2019 owing to the exponential demand for beer, resulting in brewery expansion by major brewers, thereby driving the demand for brewery equipment
In the craft brewery equipment type, compressors accounted for 21.1% share of the overall revenue in 2019 on account of the multi-functional attributes of compressors, leading to its usage at various stages of brewing
The key players in the industry are engaged in expanding facilities and product portfolios to ensure their market dominance.

Arbitrary Waveform Generator Market Size Worth $557.8 Million By 2025

The global arbitrary waveform generator market size is expected to reach USD 557.8 million by 2025, registering a CAGR of over 9% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing number of applications of these generators across numerous end-use sectors is expected to drive the arbitrary waveform generator (AWG) market growth over the forecast period. There has been a considerable rise in the investments and R&D activities carried out in various sectors, including healthcare, telecommunications, and aerospace & defense, which have led to the introduction of sophisticated and technologically advanced equipment. As a result, AWGs are expected to be the standard for the simulation of waveforms owing to the high complexity of electronic systems.

The augmented demand for these generators in the commercial sector can be primarily attributed to the growing popularity of reliable DDS integrated circuits. Users are increasingly preferring these generators over the conventional function generators owing to benefits such as improved performance and cost-effectiveness offered by these generators for computing applications. Additionally, the aerospace & defense and healthcare sectors are witnessing significant investments in the development of advanced equipment, which require sophisticated testing and signal measurement procedures. This is expected to drive the demand for AWGs in these sectors.

Dynamic applicability in the manufacturing and military sectors, along with surging demand from the telecommunications sector, is anticipated to drive the AWG market growth. Various enterprises are shifting their preference from traditional function generators to advanced AWGs owing to their enhanced performance. As a result, the decision-makers in these enterprises are now able to augment the performance throughput of their equipment as per their requirements, in addition to leveraging the benefit of cost-effectiveness.

The rising popularity of new technologies, including EDGE and WiMAX, is poised to further escalate the demand for AWGs. These generators offer numerous benefits, such as higher speed, flexibility, and performance, which are expected to augment the AWG market growth in the next six years. Moreover, in order to ensure optimum flexibility and versatility of these generators, several manufacturers such as Keysight Technologies and Tektronix, Inc. are developing AWG software to allow the generation of standard-compliant waveforms and to offer high-precision testing capabilities.

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https://www.grandviewresearch.com/industry-analysis/arbitrary-waveform-generator-market

Further key findings from the report suggest:

Various wireless communication technologies use AWGs to ensure optimum accuracy, frequency stability, and marginal noise in wireless communication networks
Technologies in the aerospace & defense sector, such as radar, and electronic warfare, require testing to ensure maximum accuracy, flexibility, and scalability
The shifting of manufacturing facilities to developing economies such as China and India, owing to low manufacturing costs, is expected to drive the AWG market growth in APAC region
The prime focus of the arbitrary waveform generator (AWG) market participants is testing and debugging of the communication systems to ensure timely delivery of messages between a device and a hub.

Online Movie Ticketing Services Market Size $28.86 Billion By 2025

The global online movie ticketing services market size is expected to reach USD 28.86 billion by 2025, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising disposable income, along with changing customer preference towards online movie bookings, are primarily driving the growth.

Increased efforts made by industry players to make their website interfaces and mobile applications more user-friendly have influenced market growth positively. Service providers are focusing on redesigning their websites and smartphones applications to provide improved features such as select-your-own seat and view-from-seats to improve customer experience. Although online movie ticket sales through PCs currently garner the highest revenue share, bookings made through mobile applications are anticipated to lead the online movie ticketing services market over the forecast period.

North America accounted for the largest market share in 2018 and is expected to retain its dominance over the next six years. This growth is characterized by the evolution of a wide range of ticketing technologies in developed countries, such as U.S. Latin America is expected to witness a substantial growth during the forecast period, due to the shift of users towards digitized form of ticket booking. Asia Pacific is also projected to register high growth over the next six years, accredited to the well-established presence of renowned film industries in the region, which results in audiences thronging to catch a glimpse of their favorite superstars on big screens.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/online-movie-ticketing-services-market

Further key findings from the report suggest:

Mobile segment is anticipated emerge as the fastest growing platform, on account of the increasing adoption of smartphones and utilization of mobile applications to conduct online transactions
Asia Pacific is expected to expand at a CAGR of more than 8% over the next six years due to improved purchasing power of people across developing nations such as India
Key players operating in the online movie ticketing services market include AOL Inc.; Atom Tickets LLC; Bigtree Entertainment Pvt. Ltd.; Cinemark Holdings Inc.; Cineplex Inc.; Fandango; Inox Leisure Ltd.; Movietickets.com; Mtime; and VOX Cinemas
The players are facing tough competition from startups and innovators. To improve their market positions, companies focus on ways of expanding their presence and gaining a competitive edge over the other companies through strategic initiatives such as mergers and acquisitions and collaborative partnerships

Supply Chain Analytics Market Size Worth $9,875.2 Million By 2025

The global supply chain analytics market size is expected to reach USD 9,875.2 million by 2025, registering a CAGR of 16.4% from 2019 to 2025, according to a new study by Grand View Research, Inc. The growing need to manage a large amount of business data and use derived insights is triggering the demand for supply chain analytics. The increasing awareness among enterprises regarding the benefits offered by supply chain analytics is instrumental in accelerating the demand for analytic solutions in order to improve perceptibility levels across the entire supply chain enablers.

Supply chain analytics solutions can help enterprises achieve growth, enhance profitability, and increase market shares by utilizing the derived insights for making strategic decisions. These solutions can also offer a holistic view of the supply chain and help in enhancing sustainability, reducing inventory cost, and accelerating the time-to-market for products in the long run.

Factors such as shortening product life cycles, low supply chain visibility, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands are also necessitating supply chain optimization, thereby driving the growth of the market.

Improved outcomes and cost-effectiveness of the supply chain management resulting from the adoption of supply chain analytics is expected to encourage the adoption of supply chain analytics solutions in various end-use applications, such as retail & consumer goods, healthcare, manufacturing, among others. The ability of supply chain analytics to enable effective and efficient management of end-to-end supply processes is expected to propel the growth of the supply chain analytics solution over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/the-global-supply-chain-analytics-market

Further key findings from the study suggest:

The sales & operations analytics segment generated the highest revenue in 2018 owing to the growing use of machine learning in supply chain analytics solution to dissect and aggregate data and produce predictive, descriptive, and prescriptive insights.
The professional segment is dominate the market and maintain its dominance over the forecast period. The growing automation of professional services due to the adoption of big data and analytics coupled with the increasing demand for improved mobility among service consultants is expected to propel the growth of the segment.
Cloud deployment is anticipated to register the highest CAGR of 17.9% from 2019 to 2025. The cloud-based solutions allow businesses to access data across connected devices at any point which increase scope for customization and enable implementation of analytical tool across multiple business channel.
The large enterprise segment dominated the market in 2018 and is expected to maintain its dominance over the forecast period. This dominance can be attributed to rising demand for robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making.
The high technology product segment is expected to grow at the highest CAGR of 19.7% over the forecast period. This growth can be attributed to increasing demand for advanced technology products and increasing import and export of high technology products worldwide.
North America is expected to continue its dominance the market over the forecast period leveraging the presence of a large number of supply chain analytics service providers in the region.
Accenture PLC, Aera Technology, Birst, Inc., Capgemini SA, Genpact Limited, IBM, JDA Software Group, Inc., Kinaxis, Lockheed Martin Corporation, Maersk Group, and Manhattan Associates, Inc. are some of the key market incumbents of the supply chain analytics market

Predictive Analytics Market Worth $23.9 Billion By 2025

The global predictive analytics market size is expected to be valued at USD 23.9 billion by 2025, registering a CAGR of 23.2% over the forecast period, according to a study conducted by Grand View Research, Inc. Massive data dependence and adoption of advanced technologies such as AI, machine learning, and big data is expected to drive the demand for predictive analytics solutions over the forecast period. These solutions transform collected data into insights; for instance, they detect patterns to determine a suitable course of action. They have also been instrumental in the development of search advertising and recommendation engines. Growing awareness about the importance of available data and its analysis for predicting the future scenario is offering a competitive edge to end users, thereby driving the demand for these solutions.

Key factors driving the demand for predictive analytics solutions are enhanced product usability, adoption of new technologies, massive data deluge, and newer levers of differentiators. In addition, growing need for database management, data warehouses, forecasting, data mining, smart logistics, CRM, and data visualization in dashboards is supporting the growth of the market. These solutions help map the various stages of the buyer journey, which would help organizations adopt suitable marketing campaigns, subsequently leading to higher sales and customer retention. Increasing demand for these solutions from organizations to equip their business functions with analytical capabilities are also expected to drive the growth of the market over the forecast period.

Techniques for implementing predictive analytics include machine learning, deep learning, regression, regression modeling, mathematical, text mining, neural nets, genetic algorithms, clustering, decision trees, and data exploration techniques to gain insights from historical and present data. These techniques are increasingly being adopted by organizations for various applications such as CRM, direct marketing, risk management, portfolio management, fraud detection, underwriting, and credit scoring. These solutions therefore help organizations decide future strategies based on predicted outcomes for enhancing the overall performance in the coming years.

These solutions find applications in various end-use industries such as BFSI, healthcare, retail, manufacturing, government, sports, transportation and travel, IT, energy and utilities, and entertainment. These solutions help manage diversified applications across the aforementioned verticals. For instance, in the manufacturing industry, these solutions can be used for equipment maintenance management, workforce management, and cross-selling and up-selling. Moreover, the IT and telecom industry can adopt these solutions in sales, marketing, and CRM by implementing churn and pricing optimization.

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

Further key findings from the report suggest:

The customer analytics segment is anticipated to gain significant traction over the forecast period, supported by digitalization and positive outlook of the e-commerce sector
Training and consulting services are expected form the fastest-growing segment over the forecast period owing to rising need for experienced employees for decision making based on predictive outcomes
Demand for cloud deployment is likely to increase owing to cost-effectiveness, faster data-processing, and ease in data handling offered by cloud platforms
The small and medium enterprises segment is expected to register a significant CAGR over the forecast period owing to growing need for enhancing operational performance by reducing overall operational costs with the help of these solutions
The retail and e-commerce segment is predicted to witness a remarkable growth over the forecast period owing to increasing internet and smartphone penetration, along with digitalization across the globe
North America dominates the global market owing to technological advancements and presence of players in U.S. Financial funding to new players from venture capitalists is projected to intensify the competition in the market
Prominent players operating in the market include Microsoft Corporation; SAS Institute, Inc.; IBM Corporation; SAP ERP; Siemens AG; NTT Data Corporation; and Tableau Software, Inc.

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

Flexible Display Market Worth $39.19 Billion By 2025

The global flexible display market size is estimated to reach USD 39.19 billion by 2025, expanding at a CAGR of 28.1% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising adoption of portable electronic devices is the major factor driving the growth. Flexible displays are lightweight, energy-efficient, and shatter-proof, which, in turn is driving their adoption for smartphone manufacturing.

Rising sales of consumer electronics, such as wearable devices, bendable TVs, and foldable laptops are expected to proliferate the demand for flexible displays during the forecast period. Furthermore, technological advancements in the manufacturing process of flexible Organic Light Emitting Diodes (OLED) has boosted the demand over the past few years.

Rising demand from industries, such as healthcare and automotive has opened new growth avenues for the flexible display market. Automotive manufacturers are focusing on integrating flexible displays in automotive interiors. For instance, in May 2019, Samsung Corporation and Audi AG formed a strategic partnership to push Audi’s concept car, Audi Prologue A9 Prototype. The proposed car is expected to house a flexible, high-resolution Samsung OLED display near the gear stick helping driver control vehicle settings.

Flexible display manufacturers are investing huge amounts in R&D in a bid to develop energy efficient products. In 2018, a total of 20,590 individual patents/applications were filed by the companies such as Sony Corp., Philips, Samsung Corporation and others. In October 2018, Royole Corporation, a flexible display and smart devices manufacturer, launched FlexPai, a foldable device which can be bent, rolled, and operated as a smartphone as well as tablet.

Thus, technological advancements in the field of displays are anticipated to provide sound growth opportunities to manufacturers and offer customers high-quality touch screen displays. However, huge capital investment requisite to manufacturing flexible substrate is expected to hamper the market growth during the forecast period.

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

Further key findings from the report suggest:

The OLED display segment is expected to register significant CAGR of more than 20.0% by 2025. The significant rise in adoption of OLED technology on account of its ability to reproduce full range picture without a stacked structure, keeping the picture quality intact, is expected to bode well for the segment growth
The plastic material segment accounted for over two-third of the total market share in terms of value in 2018 and is expected to expand at a CAGR exceeding 22.0% from 2019 to 2025. The dominance is majorly driven by the properties, such as durability and flexibility offered with respect to size and shape
The smartphone application segment is expected to expand at a noteworthy CAGR of 25% over the forecast period. Flexible displays are lightweight and shatter-proof, which is anticipated to drive the demand
Asia Pacific is expected to witness substantial growth in the forthcoming years, owing to the huge base of consumer electronics manufacturers along with the escalating demand for compact and light-weight electronic devices
The flexible display market is characterized by high competition with the presence of established players, such as BOE Technology Group Co., Ltd.; Corning Incorporated; Innolux Corp.; AU Optronics Corp.; E Ink Holdings, Inc.; Japan Display Inc.; LG Display Co., Ltd.; Royole; Samsung Electronics Co., Ltd.; and Sharp Corp. (Foxconn) among others
These players are making huge R&D investments in R&D to develop cost-effective material substrates for use in flexible displays. Companies are aggressively patenting technologies to get competitive advantage

Connected Living Room Market Size Worth $70.67 Billion By 2025

The global connected living room market size is projected to reach USD 70.67 billion by 2025, expanding at a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of smart TVs and smart speakers is expected to drive the growth.

The smart TVs have evolved drastically in recent years with increased connectivity and accessibility to various applications and platforms. The wireless connectivity has enlarged the televisions compatibility with a large number of complimentary devices such as smartphones and tablet PCs. This has further helped integrate various other devices with the large screen comfort of a smart TV.

The video streaming application segment is expected to lead the connected living room market over the forecast period as increasing number of households continue to subscribe for video-on-demand services. Video streaming has revolutionized the entertainment industry and video-on-demand is emerging as a potential substitute to conventional television broadcasts. At the same time, the growing trend of streaming live videos over social media and other platforms is underlining the importance of connected devices and making it evidently necessary for the masses to get acquainted with these devices. These factors are expected to continue propelling the growth of the market over the forecast period.

Asia Pacific is estimated to dominate the connected living room market over the forecast period. The number of smartphone users in the region is rising continuously as communication networks continue to strengthen and the youth population continues to increase. Moreover, the demand for smartphones, gaming consoles, and tablet PCs in the region is growing as the popularity of social media platforms among the youth population continues to grow. All these factors bode well for the regional market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/connected-living-room-market

Further key findings from the report suggest:

North America audio streaming segment was valued at USD 1.74 billion in 2018 and is expected to reach USD 3.11 billion by 2025, at a CAGR of 8.0% over the forecast period
Canada smart speakers segment is expected to reach USD 0.11 billion by 2025, registering the highest CAGR of 12.6% from 2019 to 2025
The launch of smart speakers with artificial intelligence that can be integrated with other devices is expected to drive the growth of the connected living room market over the forecast period
German video streaming segment is expected to reach USD 3.60 billion by 2025
Mexico tablets application market is expected to reach USD 0.06 billion by 2025

Bearings Market Size Worth $186.1 Billion By 2025

The global bearings market size is expected to reach USD 186.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.1% during the forecast period. Bearings are essential in almost every application that involves motion and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

The bearings market is estimated to witness a considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, rising demand for commercial vehicles is expected to catapult the demand from automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor bearing operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

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

Further key findings from the report suggest:

The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability
Roller bearings is anticipated to emerge as the largest product segment by 2025 and outpace ball bearings, ascribed to their ability to carry heavy loads and shock or impact loading
Railway and aerospace segment is estimated to witness the fastest CAGR of over 8.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few
Asia Pacific is anticipated to witness the fastest CAGR of over 5.0% by 2025 attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and swift infrastructure development
The key competitors operating in the bearings market include SKF, NSK, Timken, Schaeffler, NTN, and JTEKT. Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product

Wood Chipper Machines Market Size Worth $472.0 Million By 2027

The global wood chipper machines market size is expected to reach USD 472.0 million by 2027, expanding at a CAGR of 2.3% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising use of wood chipping machines for reducing tree trunks and branches into woodchips is likely to drive the demand for wood chipping machines.

Increasing demand for woodchips that are used as a biomass solid fuel is likely to propel the demand for various types of chippers, including drum, disc, and screw wood chippers, across the globe. Furthermore, the growing utilization of woodchips as raw material for producing wood pulp is expected to augment the market growth over the forecast period.

Advancement in the global forestry industry is expected to propel the demand for a wide array of wood chippers over the forecast period. The extensive demand for wood chipping machines across multiple industries, including paper and pulp, forestry, and furniture, for chipping wood that is used as a raw material is anticipated to drive the market.

The market growth is expected to bolster in the years to come owing to the extensive usage of the product in removing the unnecessary shrubs and branches that are likely to reluctantly result in the landfill. Additionally, the availability of a wide range of wood chippers in different sizes and designs is making the product suitable for various end-use industries, thereby fueling market growth.

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https://www.grandviewresearch.com/industry-analysis/wood-chipper-machines-market

Further key findings from the report suggest:

By product type, the drum wood chipper machines segment is estimated to register a significant growth rate over the forecast period owing to the factors such as superior quality chips, extended wear, and easy maintenance offered by the product
The paper and pulp end-use industry accounted for almost 40.0% share of the overall revenue in 2019 due to rising demand for disc wood chippers that offer uniform-sized wood chips that are used as a raw material in the paper and pulp industry
Europe accounted for 30.7% share of the overall revenue in 2019 on account of augmenting demand for disc and drum chippers used on the ends of wood logs for chipping in the forestry sector
The U.S. dominated the North American market by accounting for 73.2% share of the overall revenue in 2019 owing to the exponential demand for mobile disc wood chippers that are majorly used for producing pulp chips
The market is extremely fragmented due to the presence of a wide array of domestic as well as global manufacturers.