eClinical Solutions Market Worth $15.7 Billion By 2027

The global eClinical solutions market size is expected to reach USD 15.7 billion by 2027, according to a new report by Grand View Research, Inc., progressing at a CAGR of 13.8% during the forecast period. Increasing R&D activities by biopharma and pharma companies, application of software solutions in clinical trials, and expanding customer base are anticipated to fuel the demand for eClinical solutions.

Technological advancements such as electronic data capture and Wi-Fi connectivity are projected to drive the market in the forthcoming years. As the demand for tracking and analyzing clinical data increases, the need for effective clinical solutions rises. Unmet needs to manage efficient clinical development process are poised to boost the market over the forecast period.

Moreover, digital transformation in the field of clinical trials and preference for data centric approach are providing a tremendous push to the market. Demand for integrated clinical IT solutions is increasing due to massive volume of data generated during clinical development processes. eClinical solutions offer a single source of information that helps optimize the cost by eliminating redundant data entry and reducing on-site verification and source data verification. Rising awareness regarding these advantages is projected to propel the market.

Adoption of eClinical workflows in trials offers enormous potential in clinical development processes. These solutions can facilitate decision making in every stage of the development process. They also help reduce cost and time between development phases by utilizing seamless designs and by identifying failing compounds. In addition, it offers rapid access to data and patient safety information, which is helpful in making quick decisions.

Market players engage in new product development and strategic alliances, including partnership agreements, promotional activities, and acquisitions, to keep market rivalry high. For instance, in October 2017, Oracle entered into a collaboration with Healthx Inc. to provide SaaS solutions to healthcare payers for core administration and digital engagement.

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Further key findings from the study suggest:

CTMS led the eClinical solutions market by product in 2019 owing to benefits such as centralized end-to-end management of clinical trial activities, elimination of reliance on manual processes, real-time status tracking, and maintenance of multiple databases, which cumulatively improve the overall efficiency of clinical trials
By delivery mode, cloud-based systems are anticipated to exhibit the highest CAGR during the forecast period owing to integrated features such as flexibility, high accessibility, negligible handling costs, and easy data backup. Real-time data is available through these systems, which enables users to take quick decisions and provide high-quality information for risk-based monitoring
CROs held the largest share in the market in 2019 on the basis of end use. The segment is projected to expand at a remarkable pace during the forecast period owing to growing inclination of pharmaceutical companies to reduce overall expenditure
Key players operating in the market include DATATRAK International, Inc.; IBM Watson Health; Medidata Solutions Inc.; Oracle Corporation; BioClinica; PAREXEL International Corporation; CRF Health; OmniComm Systems Inc.; and ERT. Most companies engage in various business strategies such as mergers and acquisitions and new product development to gain greater market share.

Agriculture Equipment Market Size Worth $244.2 Billion By 2025

The global agriculture equipment market size is expected to reach USD 244.2 billion by 2025, expanding at a CAGR of 8.9% from 2019 to 2025, according to a study conducted by Grand View Research, Inc. Rising population has escalated demand for food and has pressurized the agriculture sector to be increasingly efficient and productive. Additionally, increased mechanization in the agriculture sector, rise in demand for agricultural products, and need for profitability and operational efficiency are some of the factors anticipated to drive the agricultural machinery market demand over the forecast period.

Rise in adoption of technology-driven equipment and machinery such as robotics is also anticipated to drive the farm machinery market demand over the forecast years. Farmers in developed regions are adopting modern technologies such as drones, moisture sensors, GPS enabled devices, self-driving tractors, smart irrigation, and terrain contour mapping to increase farm yield and address soaring food demand. Such technological advancements are fuelling the espousal of farm equipment across the globe.

The farm machinery market is also estimated to be driven by increasing sales in developing nations such as India, China, and Brazil, as these countries continue to mechanize their agricultural sectors. Furthermore, strong economic growth and population expansion are expected to impose pressure on the agriculture sectors to be more competent, thus increasing sales.On the down side, high cost of agricultural machinery and financial crisis faced by farmers are some of the major challenges hindering market growth.

The agriculture equipment market is highly competitive and fragmented owing to the presence of few prominent players, along with several medium- and small-scale players accounting for the market share. The key players in the market include John Deere, AGCO, Mahindra & Mahindra, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota.

Several leading vendors are investing in R&D in order to develop innovative equipment and maintain a strong foothold in the market. For instance, in April 2017, Mahindra & Mahindra Limited launched its 24hp 4WD small tractor. It has been available in the Indian market since April 2017. The tractor caters to row cropping and horticulture applications, is capable of lifting up to 750 kg, and is equipped with automatic depth & draft control (ADDC) features.

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The global agricultural equipment market is expected to register a CAGR of 8.9% from 2019 to 2025, due to technological advancements in agriculture automation and robotics as well as ever-increasing population
Growing number of government initiatives in developing countries, especially China and India, to enhance agricultural productivity is expected to further spur sale of farm equipment over the forecast period
By product, the tractors segment held the dominant share of over 25.0% in 2018, which is accredited to the fact that farmers are increasingly preferring tractors to increase production and restrict dependency on farm labor
On the basis of application, the harvesting and threshing segment is anticipated to witness significant growth over the forecast period and is expected to exceed a CAGR of 10.0% from 2019 to 2025
The Asia Pacific market is projected to expand at a CAGR of over 9.0%, owing to its existing and improving infrastructure levels, alternative sales channels, and government support
Key players in the market include John Deere, AGCO, Mahindra & Mahindra, CNH Industrial N.V., Iseki & Co., Ltd., and Kubota.

Alcohol Ingredients Market Worth $2.71 Billion By 2025

The global alcohol ingredients market size is expected to reach USD 2.71 billion by 2025 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. Increasing alcohol consumption across the globe has been fueling the product demand. In addition, rapid urbanization along with the increased adoption of western culture in the developing countries including China, India, Indonesia, and Taiwan is expected to boost the demand for alcoholic beverages, which, in turn, will prompt the utility of ingredients including yeast and enzymes.

Flavors & salts product segment held the largest market share in 2018 on account of increased demand for flavored drinks. Major alcoholic beverage companies have expanded their product portfolio in this particular segment. Beer held the largest market share of over 40% in 2018. Health benefits offered by beer along with its low alcohol content have made it a popular drink. Craft beers are expected to witness a significant growth in near future due to growing popularity across the globe. Europe was the dominant regional market in 2018.

Prominent economies of this region include, Germany, U.K., Italy, Spain, Romania, and Belgium. High alcohol consumption levels along with the presence of a large number of alcohol producers has increased the product demand in this region. Asia Pacific is anticipated to be the fastest-growing region at a CAGR of 9.6% from 2019 to 2025. China, India, South Korea, Taiwan, Myanmar, and Thailand are the prominent markets in this region. Rising per capita income and growing number of pubs, bars, and clubs have been driving the product demand in these developing countries.

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https://www.grandviewresearch.com/industry-analysis/alcohol-ingredients-market

Further key findings from the study suggest:

Europe held the largest market share in 2018 accounting for more than 35% of the total revenue
Spirits application segment is expected to register the fastest growth rate of 9.0% over the forecast period
Flavors & salts product segment held the largest share of the global alcohol ingredients market in the past and is projected to expand at the highest CAGR from 2019 to 2025
Spirits segment held the largest share in the Asia Pacific market and also accounted for more than 45% of global revenue in 2018
Key companies in this market include Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd.; Biospringer; Sensient Technologies; Chr. Hansen A/S; The Archer Daniels Midland Company; Kerry, Inc.; Ashland Global Specialty Chemicals, Inc.; and Döhler

Synthetic Fibers Market Size Worth $88.5 Billion By 2025

The global synthetic fiber market size is expected to reach USD 88.5 billion by 2025, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. The superior chemical, physical and mechanical properties of synthetic fibers are further expected to propel the demand over the forecast period.

In terms of revenue, polyester was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 6.3% over the forecast period. The useful chemical properties such as resistance to moisture, chemical, and abrasion are expected to boost the demand among the consumers over the forecast period. Polyester has been extensively used in clothing applications on account durability, wrinkle, and stain resistance. The polyester when mixed with other synthetic fibers improves the surface appearance as it imparts high luster.

Synthetic fiber is used in various applications, such as clothing, home furnishing, automotive, and filtration, as it imparts useful functional properties including heat and moisture resistance. The increasing spending capability of customers toward purchasing attractive clothing is expected to trigger the demand for various types of synthetic fibers. These factors together are anticipated to boost demand over the forecast period.

The demand for synthetic fiber will further be driven by the growth in clothing in developed economies including the U.S., Germany, the UK, and France. E. I. du Pont de Nemours and Company announced the addition of two new testing facilities in Brazil and Singapore to test and analyze the performance of fire protective apparels. The addition of these facilities will bring the company’s total lab count to five. Other companies in synthetic fiber business are also undergoing expansion on account of increased demand from developed economies.

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Further key findings from the report suggest:

The polyester segment is expected to experience the fastest growth, in terms of volume, at a CAGR of 5.4% from 2017 to 2025 as polyester finds application in various end-use industries such as clothing, home furnishing, automotive and filtration
Clothing was estimated as the largest application due to different types of segments across various geographies
The U.S. synthetic fiber market, in terms of revenue, was valued at USD 4,301.6 million in 2016 and is estimated to reach USD 6,776.7 million by 2025. The clothing industry in the U.S. is projected to witness the fastest growth over the next eight years owing to the increasing demand from customers
Key players including Toray Industries, Inc., E. I. du Pont de Nemours, and Company, Lenzing AG, Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, and China Petroleum Corporation have a prominent presence in the global synthetic fiber market

Wafer And IC Shipping & Handling Market Worth $14.16 Billion By 2025

The global wafer and integrated circuits (IC) shipping & handling market size is expected to reach USD 14.16billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to grow substantially over the forecast period on account of the rising demand for ICs in communication systems and consumer electronics.

The market is expected to witness significant growth over the forecast period on account of increasing demand for integrated circuit (IC) chips in communication systems, automotive and consumer electronics. In addition, the rising demand for ICs is expected to have a positive impact on the demand for silicon and integrated circuits (IC) processing & storage, shipping & handling markets, which is likely to drive the demand for wafer carriers over the projected period.

The raw material manufacturers are trying to integrate across various stages of the value chain, namely supply of raw material, manufacturing of the products and supply of the manufactured products to achieve higher profit margins and meet the rising consumer demand, by reducing the lead time.

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Further key findings from the report suggest:

The demand for IC trays is expected to grow substantially over the forecast period as the product aids in bulk shipment and maximum protection to the ICs. It is most commonly used the product as an IC tray can accommodate between 10 and 400 chips, which is only a small portion of what is on a wafer.
JEDEC trays account for over 90% of the overall processing & storage products market. The high strength of the product coupled with the efficient design of the trays is expected to be the driving force in the processing application.
The demand for carrier tapes is expected to witness substantial growth over the forecast period on account of the utilization of different types of material to meet a variety of shipping & handling needs. Materials including polycarbonate and polystyrene are utilized in the manufacturing of carrier tapes, as they are non-conductive and possess antistatic properties.
Asia Pacific accounted for the largest revenue share on account of the presence of a large number of semiconductor manufacturers and integrated device manufacturers (IDMs). The growing demand for the ICs and silicon wafers in the region coupled with increasing exports from Taiwan and South Korea is expected to drive demand
The demand in the Middle East is spearheaded by Israel owing to the presence of manufacturers such as fabless, multinational design and fabs. As there are established local players such as Mellanox and Broadlight and startups Siverge and Anobit the demand for silicon wafers is high in the country resulting in high demand for wafer carriers.
The companies in the wafer and integrated circuits (IC) shipping & handling market are highly competitive and compete on the basis of prices and regional expansion. Global players such as Entegris and Dalau cater to their local market while catering to the demand across all the other regions.

Gas Turbine Services Market Worth $55.1 Billion By 2027

The global gas turbine services market size is expected to reach USD 55.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.8% over the forecast period. Increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth. These systems are increasingly being used owing to its tremendous energy producing capacity and multiple fuel capability. They also have the capacity to operate continuously at base load for numerous hours. Furthermore, low operational cost and high efficiency and durability offered by these systems is expected to drive gas turbine service market growth.

Rapid industrialization and population growth have resulted in a high demand for power globally. The energy sector is shifting from conventional systems toward clean power sources resulting in an increase in gas turbines installations. Furthermore, key countries plan to enhance the deployment of gas-based power plants in the future. Major equipment manufacturers are also signing multiyear contracts during the installation of these plants.

The heavy duty segment dominated the global market in 2019 as these equipment offer cost-effective conversion of fuel to electricity and advanced systems provide improvement in terms of output and efficiency. Rise in new gas-based power plants for power generation has resulted in an increase in deployment of heavy-duty systems which are preferred due to their higher power generating capacity as compared to its counterparts. These systems also find application in chemical plants, refineries, and power utilities.

Maintenance and repair is projected to be the fastest-growing segment over the forecast period. Major vendors in the market are providing long-term service contracts to power plant owners which cover periodic and preventive maintenance under its scope. Long-term contracts are also considered as a more economical solution in the long term. Repairs solutions help eliminate steps and cost and increases the overall performance, thereby increasing the life-cycle of these systems. This is projected to drive the maintenance and repair segment in the coming years.

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https://www.grandviewresearch.com/industry-analysis/gas-turbine-services-market

Further key findings from the report suggest:

Asia Pacific held the largest gas turbine services market share in 2019 and is projected to register a CAGR of 13.5% from 2020 to 2027 on account of increasing demand for power from China, India, and Southeast Asian countries who are opting for cleaner sources of power generation for baseload supply
The heavy duty segment held a major market share in 2019 due to its application in the power generation sector
Spare parts supply was the largest service type segment in 2019 as the components of gas turbines have a limited lifespan after which it requires replacement
>200 MW emerged as the major contributing segment on the basis of capacity in 2019. The demand in this segment is primarily driven by an increase in power generation activities across the globe
Some of the significant industry participants are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Ltd., and Kawasaki Heavy Industries, Ltd. These companies focus on R&D in order to enhance their position in the market.

Fuel Cell Market Size Worth $33.09 Billion By 2027

Fuel cells are devices which convert the fuel’s chemical energy into electricity via a chemical reaction in the presence of an oxidizing agent. They can be of different types, but they all consist of an anode, cathode, as well as an electrolyte. They use hydrogen or other hydrocarbon fuels which are available in abundance, along with an oxidant (usually oxygen), to carry out an electrochemical reaction. This makes them one of the fastest growing alternate backup power options. Additionally, they are eco-friendly as their by-product only comprises nitrous oxide. They generate lower noise levels as compared to other incumbent technologies due to lack of moving parts and an efficient combustion process.

There are various types of such cells, the major ones being PEMFC (Proton Exchange Membrane), SOFC (Solid Oxide), PAFC (Phosphoric Acid) and MCFC (Molten Carbonate). Portable applications include consumer products such as laptops and mobile phones, personal electronics, Accelerated Processing Units, portable products and consumer products such as laptops and mobile phones. Stationary applications include Uninterrupted Power Supply (UPS), residential power and Combined Heat Power (CHP). Transportation applications include auxiliary power units and electric vehicles. Fuel cell vehicles, generally hydrogen fuel cell vehicles, have gained a lot of support and visibility in the past few years. With this in mind, fueling stations have seen a healthy growth in the past few years.

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https://www.grandviewresearch.com/industry-analysis/fuel-cell-market

Further key findings from the report suggest:

Governments of various countries have been pushing for their development and technological advancement due to their eco-friendly nature, which is expected to significantly drive the market.
The increasing need for reduced emissions and better fuel economy has resulted in development of fuel cell enabled commercial vehicles that utilize hydrogen fuel.
Various countries and participants are trying to successfully implement this technology at lower costs, which increases their market attractiveness.
However, their implementation and use also comes with a set of restraints. Most significant among them being cost, as even though technological advancements are being made in the field, they have still not been able to compete economically with traditional energy technologies, which includes gasoline internal combustion engines. Another issue with is that hydrogen storage and distribution is difficult, which provides hindrance to market growth. Vehicles based on this technology have their set of detractors, with the production, storage and cost of the technology being the most common point of argument. This is expected to hinder the future market.
North America dominates the market in terms of installed capacity and unit shipment owing to favorable regulatory scenario and technological advancement in this region. The U.S. Department of Energy has over 300 patents on fuel cell technology and is extensively involved in its research. Asia Pacific is the second largest market due to high demand from Japan and South Korea. The market in other countries such as China and India is also expected to increase due to an increase in the technological capabilities and government support. Europe is expected to witness fast growth in terms of their installed capacity primarily due to growing hydrogen fuel infrastructure in Germany, Norway, Denmark and Sweden.

Polyvinyl Butyral Market Size Worth $3.43 Million By 2024

The global polyvinyl butyral (PVB) market size is likely to reach USD 3.43 million by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.4% during the forecast period. Flourishing automotive industry in countries such as China, Japan, U.S., Germany, and Brazil is one of the key factors driving the market.

Polyvinyl butyral (PVB) is a resin that is primarily used in automotive and architectural applications, owing to its various properties including optical clarity, strong binding, excellent adhesion, flexibility, and toughness. Upswing in product demand in end-use industries is stoking the growth of the market.

PVB is substantially utilized in the ceramics industry owing to various properties including wear-resistance, thermal insulation, hardness, brittleness, chemical stability, and oxidation resistance. The demand for PVB in the ceramics industry is projected to exhibit a substantial growth over the coming years owing to its rising consumption in electrical and electronics.

High availability of PVB in various sizes and shapes is poised to augment its demand in the near future. However, price fluctuations of raw materials including polyvinyl alcohol and butyraldehyde are estimated to have a negative impact on the growth of the market. For example, In April 2015, Sekisui Specialty Chemicals, one of the major polyvinyl alcohol manufacturers, announced price hike of polyvinyl alcohol by USD 100 per metric ton.

Some of the prominent industries utilizing PVB adhesives are construction, transportation, consumer products, labelling, assembly, and packaging. Key properties of PVB adhesives include low water content, high boiling point, and hydrophobicity. Some of the leading market players are 3M Company, Bostik China Co., Ltd., Henkel AG & Company, and HB Fuller CO. Spiraling demand for adhesives in the automotive and building & construction industries in developing countries such as India, China, and Thailand is anticipated to fuel growth prospects.

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https://www.grandviewresearch.com/industry-analysis/polyvinyl-butyral-pvb-market

Further key findings from the report suggest:

Sheets & films application is expected to reach 435.95 kilo tons by 2024, at a CAGR of 4.5% from 2016 to 2024
In terms of revenue, the paints & coatings segment is likely to register a 4.3% CAGR over the upcoming years
Adhesives are projected to witness significant growth in the global polyvinyl butyral market over the coming years. In 2015, the segment accounted for approximately 4.5% of the overall market
The U.S. PVB market is poised to exceed 96 kilo tons by 2024
North America is estimated to experience a CAGR of 4.2% over the forecast period, owing to favorable demographic trends in North America.
Asian countries, especially China, Vietnam, India, and Indonesia, are anticipated to observe remarkable growth in next few years
The market is fragmented in nature, wherein major market participants are headquartered in Taiwan, U.S., China, and Japan
Some of the key companies present in the market are Eastman Chemical Co., Chang Chun, Sekisui Chemicals, Huakai Plastic, Kuraray, Kingboard Specialty Resins, Qingdao Haocheng, Everlam, Zhejiang Pulijin Plastic, and Jiangxi Rongxin Materials

Organic Personal Care Market Size Worth $25.11 Billion By 2025

The global organic personal care market size is projected to reach USD 25.11 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 9.4% during the forecast period. Rising R&D expenditure to introduce improved plant and animal extracts into various products is expected to promote the demand. Furthermore, regulations promoting the use of organic materials in personal care industry is likely to propel the growth.

Growing demand for organic products has resulted in an increase in their availability in supermarkets, malls, and drugstores. In addition, growth in online market where consumers can access a wide range of products from any part of the world has been a primary reason for increase in accessibility and is expected to remain a key contributing factor for the market growth over the forecast period. Online stores also give consumers the opportunity to gain access to products that would otherwise not be available in local stores and malls, which has made them especially popular in emerging markets.

The market includes a variety of products such as hair care, oral care, skin care, cosmetics, and others. Other product segments include oils, body sprays, perfumes, and masculine and feminine hygiene products. Growing popularity of natural products is the key factor driving demand. Growth product distribution channels in urban areas has made these products easily accessible to consumers. As these products reflect the growing aspirations of better hygiene, health, and beauty in modern times, their adoption has exhibited significant growth. Furthermore, with the introduction of products such as flosses and mouthwashes, the demand for organic oral care products is expected to increase.

Demand for products that are free from synthetic fragrances, preservatives, parabens, petrochemicals, and harsh cleaners such as sodium lauryl sulfate has been on the rise over the past few years. Numerous major market players are involved in manufacturing a variety of personal care products, such as sunscreens, body lotions, shampoos, scrubs, anti-aging creams, makeup removers, masks and exfoliators, eye care products, lip care products, BB creams, face oils, and cleansers/toners.

North America was the largest regional segment of the organic personal care market in 2018, and is expected to continue leading over the forecast period, on account of rising demand for safe and natural products. Over the past few years, companies have been introducing new and innovative products specifically designed to cater to the various consumer needs. Major players such as L’Oréal, The Body Shop, and Estée Lauder have launched new organic products that target aging population.

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https://www.grandviewresearch.com/industry-analysis/organic-personal-care-market

Further key findings from the report suggest:

Skin care application held the leading market share of over 33.7% in terms of revenue in 2018, owing to the ability of organic ingredients to impart antioxidation properties and improve skin health
The U.S. organic personal care market is anticipated to exceed USD 7.74 billion by 2025 owing to the presence of various manufacturers in the country
The global market is highly competitive with the presence of a number of multinational companies with wide product portfolios. Some of the key companies present in the market include Aveda Corporation, Burt’s Bees, and The Estée Lauder Companies Inc., among various others players.
The companies lay high emphasis on expanding their presence global scale, in an attempt to increase market shares and to drive revenues. For instance, Estee Lauder has acquired various companies such as BECCA Cosmetics, Too Faced, and Editions de Parfums Frédéric Malle, over the past few years to expand its product portfolio.

Appliances Market Size Worth $1.81 Trillion By 2025

The global appliances market size is anticipated to reach USD 1.81 trillion by 2025 registering a CAGR of 7.2%, according to a new report by Grand View Research, Inc. Mounting demand for modern and technically advanced appliances, owing to durability and comfort, is expected to augment the market growth over the forecast period. In addition, increased disposable income levels, improving standards of living, and rapid urbanization across the globe are expected to contribute to the market expansion. Manufacturers in the market have a global distribution network, which includes resellers, company-operated stores, e-commerce, dealers, and value-added resellers.

Home appliancess. Set of household kitchen technics in the new appartments or kitchen. E-commerce online internet store nad delivering of appliances concept.

They expand their distribution network by offering brand equity, installed base, and product advancements. Sales engineers work closely with customers to design and develop application-specific products to match the particular requirements. Energy-efficiency is a crucial factor influencing the global market. Governments across the globe have enforced various stringent guidelines to ensure energy-efficiency for household appliances, thus propelling consumers to purchase only those goods fulfilling the minimum energy-efficiency regulations.

These guidelines are implemented at various stages, including manufacturing, sales and operation, as well as recycling, to help the companies in the market value chain. There are various barriers as well as benefits of the energy-efficiency programs developed by the policy-makers. Moreover, despite cost-effectiveness and several programs being run by the governments across the globe to spread awareness regarding energy-efficiency, the optimal outcome has not been achieved due to several barriers during the implementation stage of these programs.

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

Further key findings from the study suggest:

In terms of revenue, smartphones product segment is anticipated to reach USD 888.1 billion by 2025 expanding at a CAGR of 8.3% from 2017 to 2025
Television product segment led the market, in terms of revenue, in 2016 owing to increased disposable income
The U.S. appliances market is anticipated to exceed USD 261.4 billion by 2025 owing to the presence of prominent manufacturers and suppliers in the country
Some of the key companies in the global market are Whirlpool Corporation, Electrolux AB, Haier Group, BSH Hausgeräte, LG Corp, Midea Group, and Samsung Electronics
Most of these companies have undertaken several business strategies including M&A and product development to strengthen their foothold in the global industry