Thursday 30 January 2020

Magneto Resistive RAM (MRAM) Market Trends, Growth Opportunities and Overview Report


The global Magneto Resistive RAM (MRAM) Market is expected to reach USD 4.80 billion by 2025, according to a new study by Grand View Research, Inc. Non-volatile memories, such as MRAM and Resistive random Access Memory (RRAM/ReRAM), are expected to replace the existing volatile memories such as Dynamic Random Access Memory (DRAM) and Static Random-Access Memory (static RAM or SRAM). The replacement would be possible due to different benefits offered by the advance non-volatile memories. The existing flash memories are facing technological limits; and their further advancements are expected to increase their costs, thus, leading to the invention of non-volatile memories that are capable of avoiding data loss on power discharge.

The standalone markets, such as wearables, embedded Multipoint Control Unit (MCU)s, smart cards, and storage class memories for enterprise storage, are expected to offer immense opportunities to the market.

The first generation MRAM and second generation Spin-Transfer Torque MRAM (STT-MRAM) are expected to replace traditional DRAMs and SRAMs. Initially, the prices associated with these memories are expected to be high, which would reduce with the increasing rates of developments.
Moreover, the increasing demand of these memories is predicted to promote the demand for equipment, used in their manufacturing. The manufacturing of these memories require specialized fabrication equipment, similar to those used in magnetic read sensors. Thus, promoting the growth of capital equipment required for manufacturing of non-volatile memories equipment.
The market may face challenges due to its complex structure and high costs of manufacturing of memories. However, these challenges can be circumvented by technological advancements and increased production.


Further key findings from the study suggest:
  • The North American region dominated the market, accounting for more than 36% of the total market revenue, owing to the presence of leading players and growing R&D activities
  • STT-MRAM is expected to maintain market dominance due to its wide application, higher performance, thermal stability, and greater compatibility
  • The Asia Pacific region is predicted to emerge as the fastest-growing market due to the increased penetration of cloud computing and improvements in the present infrastructures of data centers, in developing nations
  • Strategic partnerships accompanied, by the increasing innovation and research & development activities, are being observed in the industry
  • The prominent vendors operating in the market include Avalanche Technology, Inc., Everspin Technologies, Inc., Spin Transfer Technologies, Toshiba Corporation, and Crocus Nano Electronics LLC
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Connected Enterprise Market Analysis by Key Players: IBM Corporation, Rockwell Automation, Inc. and Others


The global Connected Enterprise Market size is expected to reach USD 1.94 trillion by 2025, according to a new report by Grand View Research, Inc. The increasing need for automation and proliferation of connected devices is providing new growth avenues for the connected enterprise market.

Enterprises are moving toward digital technologies to transform their business operations, improve customer experiences and rapidly respond to emerging threats and opportunities. Industry collaborations with connected technology are gaining prominence for improving agility, productivity, and business process management. Although the Internet-of-Things (IoT) and connected technologies are becoming adept, several organizations have not included their collaboration with smart technologies in business strategies.

The implementation of intelligent networks has improved optimization of assets including equipment reliability, and energy usage and has expanded the capacity of existing assets. Enterprises are integrating people, tools, processes, and platforms comprising infrastructure and applications to disrupt the business productivity with next-generation solutions.

Moreover, organizations are looking for innovative ways to differentiate themselves from their competitors and overcome threats from new entrants. Connected solutions are increasingly adopted for generating new revenue streams and improving profit margins. These solutions help enterprises in increasing their operational efficiency by enabling real-time monitoring of assets. However, fragmented technology standards and growing security concerns are expected to deter the industry growth.


Further key findings from the report suggest:
  • Customer experience management is expected to be the fastest-growing segment owing to its transition from being transactional to more interactive and informative solution
  • The managed services segment is expected to grow at a CAGR of over 35% from 2016 to 2025. due to the increasing need for outsourcing IoT-related capabilities
  • The device management platform is anticipated to account for over 25% revenue share by 2025; the need to drive connected products assessment, reduce operational costs, and improve service quality is propelling the demand for a device management platform
  • The healthcare sector is expected to reach a valuation of over USD 150 billion by 2025 on account of its transition from providing provider-centric to patient-centric solutions
  • The Asia Pacific region is expected to be the fastest-growing regional market as the enterprises in the region are deploying connected infrastructure in new areas to improve their revenues.
  • The key industry players include IBM Corporation, Rockwell Automation, Inc., IBM Corporation, Honeywell International, Inc., and PTC Inc.
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Cable Management System Market Analysis by Key Players: ABB Ltd.; Atkore International Holdings Ltd.; Chatsworth Products, Inc. and Others


The global Cable Management System Market size is poised to reach USD 26.48 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Growing demand for cable management systems in the IT & telecommunication industry is projected to augment the market.

Cable management products help in handling cabling systems in residential and commercial buildings to manage cable connections during pre-construction as well as post construction. Numerous components of cable management systems are used in the construction industry, such as floor ducts & boxes, cable glands & connectors, electrical raceways, trays & ladders, and electrical conduit systems. Surging demand for better infrastructure and rapid industrialization in developing economies are driving the cable management system market.

Government initiatives for time-bound creation of excellent infrastructure in developing countries are boosting the growth of the construction sector, which in turn is fueling the demand for cable management systems. Using these systems minimize the risk of cables being disconnected and also protect them from damages caused due to stretching or harsh environment conditions.

Stringent legal and regulatory standards have compelled manufacturers to develop durable and flexible management systems. This is further anticipated to boost the demand for cable management systems over the forecast period. Growing demand for metallic cable trays in industrial and commercial applications is estimated to stoke market growth.


Further key findings from the report suggest:
  • Cable management systems find applications in the oil & gas industry due to properties such as ability to perform in harsh environments, reliability, high insulation, and high resistance to chemicals
  • PVC plastic materials are widely used in the oil & gas industry owing to their high acid-resistant capability. Heat shrinks insulation cables in case of fire, due to which they are primarily used in the manufacturing of cable ducts, cable trays, and cable trunks that are installed in oil & gas plants
  • North America is expected to dominate the market through 2025, accounting for over 32.0% of the overall revenue
  • Surging demand for data communication cables for transmission of signals is likely to escalate the need for cable trays and cable trunks in regions such as China, Japan, India, and other developing countries
  • Key industry participants include ABB Ltd.; Atkore International Holdings Ltd.; Chatsworth Products, Inc.; Eaton Corporation; Legrand SA; and Enduro Composites, Inc.
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Wednesday 29 January 2020

Next Generation Non Volatile Memory Market Trends, Growth Opportunities and Overview Report


The global Next Generation Non-Volatile Memory (NVM) Market is expected to reach USD 7.46 billion by 2024, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive industry growth over the forecast period.

Next Generation Non Volatile Memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years. Increasing use of Next Generation Non Volatile Memory in mobile phones to enhance customer experience is expected to fuel market growth.

The increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the Next Generation Non Volatile Memory industry. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.

All common computing platforms from handheld devices to supercomputers use storage systems to store data permanently or temporarily. Smart cards store a few bytes of data and are expected to grow at a significant rate over the forecast period. Economical and efficient solution development is expected to be a critical success factor for industry players.

The Asia Pacific market is expected to grow at a considerable rate owing to increasing demand for smartphones and tablets. Additionally, presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period.


Further key findings from the study suggest:
  • Efficient programming and eras ability options offered by MRAM product segment is predicted to impel industry growth over the next eight years
  • Cache memory and enterprise storage was a major application segment in 2015 and accounted over 57% of the overall industry in the same year
  • North America was estimated to be the key regional market in 2015
  • Key industry participants include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc., Fujitsu Ltd, Toshiba Corporation, and Intel Corporation
  • Toshiba along with SK Hynix are working on production of Next Generation Non Volatile Memory chips, which is expected to decrease power consumption and increase data transfer speed
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com


Loudspeaker Market is Driven by Increasing Consumer Spending on Entertainment

The global Loudspeaker Market size is estimated to reach USD 8.48 billion by 2025, according to a new report by Grand View Research, Inc. Increasing middle class population and rising disposable income is expected to propel industry growth. Rising in-home entertainment, decreasing sound quality of the television owing to reduction in size and growing entertainment spending is anticipated to boost industry over the forecast period.

Technological advancements in design, sound quality, size and power, and new product introduction are anticipated to drive demand over the next seven years. The increasing popularity of wireless streaming of audio content among consumer is also expected to boost demand over the forecast period.


Further key findings from the study suggest:
  • Type of loudspeakers available in market includes satellite/subwoofer, soundbar, in-wall speaker, multimedia speaker, outdoor speaker, and subwoofers.The soundbar segment is anticipated to grow at a CAGR over 8% from 2016 to 2025. Growing number of the smart home is anticipated to offer growth opportunities for soundbar market over the next seven years.
  • Consumers use computers and laptops for watching movies and playing gaming and it has become an accepted pastime for people. The consumers are anticipated to upgrade their systems for better sound quality or sound experience. With an increase in availability of downloadable music or growing penetration of online buffering sites such as YouTube and Dailymotion, consumers are expected to upgrade their multimedia speakers.
  • North America and Europe is anticipated to be key region over the forecast period owing to growing popularity of in-home entertainment. Asia Pacific loudspeaker market is expected to witness tremendous growth owing to increasing disposable income and rising population. India and China are expected to the major region over the next seven years owing to high consumer base and growing popularity of soundbar in the region.
  • Key industry players include Bose Corporation,Harman International Industries Inc., B&W Group Ltd.,Audiovox Corporation, Boston Acoustics Inc., Creative Labs Inc, and Directed Electronics Inc. Other vendors include Altec Lansing, , KLH Audio Systems, Klipsch Group Inc., Yamaha Corporation of America, Cambridge Sound Works Inc.,Sonance, SpeakerCraft Inc., and Velodyne Acoustics Inc.
  • In February 2015, Bose announced the introduction of SoundLink Bluetooth Speaker III, integrating Bose proprietary technologies to reproduce music with depth and clarity. In May 2014, Dynaudio announced the release of its latest generation of wireless high-end loudspeaker series at Europe’s largest HiFi exhibition. In January 2016, Harman International announced the release of next generation of Infinity Kappa series subwoofers to deliver high performance and low distortion.
  • In January 2016, Klipsch announced the launch of its Reference Premiere HD Wireless Speaker. In September 2012, Polk Audio announced a collaboration with Microsoft’s Interactive Entertainment Business to position Polk as a strategic premium audio solution partner for Xbox 360
  • In August 2015, the LG launched curved soundbar, Music Flow HS8; this loudspeaker is currently only available in Europe, but is anticipated to be released in the U.S. in the coming years. As television manufacturers such as Sony and Samsung begin to innovate and develop more curved TV, it is likely that these players will also launch curved soundbars over the forecast period.
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Sunday 26 January 2020

Civil Engineering Market Worth $12.08 Trillion By 2025

The global Civil Engineering Market size is projected to be valued at USD 12.08 trillion by 2025 at a 5.6% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rise in disposable income, coupled with rapid expansion of the middle-income population group, is driving the civil engineering market, particularly in China and India. Moreover, technological advancements in various civil engineering procedures, along with advent of various software and solutions, has favored the market to a great extent.

Large investments by governments to improve infrastructure is expected to boost the global civil engineering market by 2025. Developing countries are offering financial benefits to encourage regional development, both in terms of investment and infrastructural development. Rapidly increasing global population is expected to generate significant demand for residential construction and infrastructure. A thriving real estate sector in emerging economies such as India and China will further drive the market.

By service, construction has emerged as the largest segment, occupying a 27.82% share in 2017. The construction industry in Asia Pacific has been developing rapidly in recent years and has witnessed numerous technological advancements and unique architectural designs. Recent advances in the sector are expected to revolutionize the civil engineering industry and boost segment growth in the coming years.

On the basis of application, real estate held the dominant share in the global civil engineering market. Rapidly increasing global population is expected to generate significant demand for residential construction. Moreover, innovation in building materials is expected to shape civil engineering designs during the forecast period. Enhanced capacity, higher efficiency and affordable pricing of some of these materials will encourage their adoption in the sector. In addition, availability of various banking and finance facilities is predicted to benefit the segment by 2025.

Government formed the leading segment by customer and held a share of 41.6% in 2017. The segment is anticipated to reach USD 5.01 trillion by 2025 at a CAGR of 5.5% over the forecast period. Governments around the world are making largescale investments to improve infrastructure in their respective countries and provide affordable housing to the population.


Further key findings from the report suggest:
  • Construction formed the largest service segment in North America. The segment is projected to reach USD 661.0 billion by 2025, exhibiting a CAGR of 4.4% over the forecast period
  • Europe is the second largest market for civil engineering, accounting for a share of 26.5% in 2017. The construction sector has been a major contributor to the overall GDP in most countries across the region
  • Asia Pacific is the largest civil engineering market and held a 33.1% share in 2017. Rising disposable income and rapid expansion of the middle-income population group, particularly in China and India, is driving the APAC market.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Robotic Process Automation Market: Growth Drivers and Forecast to 2025


 The global Robotic Process Automation (RPA) Market size is expected to reach USD 3.97 billion by 2025, according to a new study by Grand View Research, Inc. It is estimated to expand at a CAGR of 31.1% over the forecast period. Different organizations in different sectors are increasingly challenged by the growing competition due to shift in technology and consumer preferences.

The adoption of Artificial Intelligence (AI) and automation solutions has enabled organizations to tackle such challenges while meeting consumer expectations. Moreover, these technologies focus on enhancing the employee experience rather than replacing them. One of such technologies gaining rapid traction is RPA, which handles repetitive and rule-based tasks without human intervention. Thus, RPA enables organizations to automate repetitive functions and focus more on core business tasks.

In Small and Medium-scale Enterprises (SMEs) that face business limitations, in terms of financial and human resources allocation, the implementation of RPA is expected to provide growth avenues. As the deployment of robotic process automation can assist an organization to keep its operations as lean as possible. Also, the use of automation technologies has become a crucial factor to gain long-term profitable growth. These software bots exhibit the maximum efficiency and can work 24/7 through the year on their assigned task, which results in achieving accelerated productivity.
RPA market

Moreover, deployment of RPA increases the quality of services to the end-users as it eliminates the potential of human error that results in inconsistency in process execution. Furthermore, RPA offers organizations with comprehensive intelligence and assists the users with actionable information and better insights. The role of technology in a complex business environment is evolving continuously. The ever-increasing stringency of regulations and necessary compliance functions hamper employee efficiency.

With the deployment of RPA, organizations can achieve greater compliance. Furthermore, the RPA processes are customizable aimed at operating with the existing, as well as new standards and regulations. Thus, automation technologies can help organizations streamline different structured processes at a lower cost.


Further key findings from the study suggest that:
  • Services type segment is anticipated to register the highest CAGR over the forecast period. Consulting service was valued at USD 179.8 million in 2018 and is estimated to witness a healthy growth in near future
  • Implementation services is anticipated to register the highest CAGR of 33.5% over the forecast period
  • Large enterprise segment is expected to maintain its dominance in the Robotic Process Automation (RPA) market and is projected to reach USD 2.51 billion by 2025
  • BFSI application segment led the market in 2018; however, SME segment is anticipated to register the highest CAGR over the forecast period
  • North America is expected to be the dominant region while Asia Pacific is anticipated to witness the maximum growth
  • Some of the key companies in the market include Automation Anywhere, Inc.; Blue Prism Group Plc; UiPath; Be Informed B.V.; OpenSpan; and Jacada, Inc.
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

DDI Market: Industry Analysis and Outlook Report


The global DDI market size is expected to reach USD 3.27 billion by 2024, according to a new report by Grand View Research, Inc. The increasing demand for IPAM solutions is the major driver in the DDI market owing to the rapid proliferation of IP-enabled devices.
Moreover, the transition to IPv6 from the IPv4 Internet protocol is expected to contribute significantly to industry growth. The increasing awareness of security risks, impending implementations of IPv6, and need to streamline IP address management are expected to benefit the growth of DDI vendors. Mergers and acquisitions are playing a vital role in developing the market, which is expected to continue over the forecast period. This can be witnessed by the recent acquisition that took place in 2016 by Infoblox Inc. of IID, a cyber-threat intelligence company.
Cloud computing is a vital trend that is expected to impact the industry, owing to the increasing investments by the vendors. They are expected to increase the use of virtualized services, which will in turn impact the demand for DDI. Security plays an important role in this trend and is likely to drive the Domain Name System Security Extensions (DNSSEC) deployment over the next decade.
There has been a remarkable growth in e-learning in the recent years as companies identify their effectiveness and convenience of training and development. Owing to the several technological advancements, the transition to IPv6 and challenges faced by IT organizations to train their workforce on the latest solutions has led several companies to invest in developing e-learning solutions. For instance, in 2015, BlueCat launched its latest e-Learning program for its DDI solutions.
Further key findings from the study suggest:
  • The hardware segment dominated the industry with the revenue share of over 64% in 2015. Rising security issues in the large enterprises has impelled the adoption of hardware solutions, as they are more secure and are difficult to get corrupt. However, SMBs prefer software solutions over hardware as they are expensive and require more advanced IT infrastructure.
  • The IPv6 segment is anticipated to grow with a CAGR of over 32% from 2016 to 2024. Surge in the IP-enabled tools in the organizations have led to the rise in adoption of IPv6 internet protocol. Escalation in the complexity of managing all the IP addresses generated by these tools, is further expected to grow as businesses migrate to IPv6 and move computing to the cloud. This requires innovative IPAM solutions to manage the rising pool of IP addresses. Moreover, any business that controls a critical network, requires some level of IPAM. The value of IPAM increases as the necessity for fault tolerance increases, along with the number of mission-critical IP-based systems, the number of network-attached devices, and IPs under management.
  • The integrated service segment is expected to grow at a CAGR of nearly 24% over the forecast period. The increase in demand for integrated services is due to the functions it provides such as necessary tools to automate, configure, administrate, and integrate IP address and related services.
  • On-premise segment is expected to witness significant growth at a CAGR of nearly 22% over the next eight years. The high demand for physical DDI appliances over software solutions is anticipated to contribute to the increase in the market share of the on-premise solutions. However, with the need for reducing the expenditure and investment, many organizations, majorly the SMBs, are focusing on the adoption of cloud-based services.
  • Large enterprises dominate the industry and are projected to remain stable over the future owing to the increasing investments in DDI solutions. The segment is anticipated to grow at a CAGR of nearly 22% from 2016 to 2024. Moreover, these enterprises are increasingly deploying DDI solutions owing to the increasing number of IP-based devices and connectivity.
  • Wireless communication devices and mobile computers are expected to contribute immensely in the industry growth. Rapidly increasing mobile workforce in organizations across the globe is leading to the high demand for DDI solutions in the mobile computing applications. Further, the growth of 4G and 5G networks is expected to boost the average connection speeds requiring efficient IPAM solutions to manage the IP address pools.
  • North America is estimated to be a major regional segment with over 54% of the overall revenue share in 2015. Increasing IoT trends in North America has surged the adoption of innovations such as big data, mobility, and cloud. Furthermore, favorable regulatory compliance regarding the protection of citizen’s information is expected to enforce organizations to maintain a high level of data security. However, Asia Pacific are expected to grow at a considerable rate owing to the high density of population, internet usage, and proliferation of mobile devices in the region is expected to contribute to the industry growth.
  • The key industry vendors in the DDI market include BT Diamond IP, TCPWave, Infoblox, BlueCat, EfficientIP, Alcatel-Lucent, FusionLayer, Cisco Systems, Inc., ApplianSys Limited, Incognito Software Systems, Inc., Microsoft Corporation, INVETICO, Men & Mice and SolarWinds, Inc. R&D investments are among the major trends in the industry. Several players, including Infoblox, BlueCat, Alcatel-Lucent (Nokia), and Cisco are investing a great deal on their R&D operations to develop new products and features that address the rapidly changing technology requirements of the industry.
 About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com

Friday 24 January 2020

Power Air Purifying Respirator Market: Growth Drivers and Forecast to 2025

The global Power Air Purifying Respirator Market size is projected to reach USD 2.8 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.8% over the forecast period. Rise in demand from fire services, petrochemical, pharmaceutical, and chemical industries, along with growing need for protection against various hazards and threats such as pandemic influenza and H1N1 is predicted to drive the market.

Rising number of occupational fatalities and increasing awareness regarding employee safety is expected to increase product penetration over the foreseeable future. Governments, in order to prevent occupational diseases among workers and ensure their safety, are forcing employers to comply with occupational health and safety standards, which is expected to augment product demand over the next few years.

Full face mask emerged as the leading product segment accounting for a significant revenue share in 2018. These masks have two valves - inlet and outlet and can be uncomfortable to use for longer periods. These respirators are adequate for light and medium work rate, involving sustained hand and arm movements. The segment is expected to register a prominent CAGR in the overall PAPR market by 2025. Surging product demand in emerging economies is expected to drive the market in future.

The industrial end-use segment is projected to exhibit the highest market penetration on account of high demand for PAPR from this sector. However, this end-use sector is expected to exhibit stagnant demand for these products owing to high level of maturity in developed economies such as U.S., U.K., Germany, and Japan. Toxic fumes associated with welding, metal forming, and glass manufacturing activities can result in several illnesses and subsequently lead to a rise in lost time injury frequency. The oil and gas sector is expected to expand at a prominent CAGR over the forecast period.

The market in North America is characterized by rising workplace fatalities and stringent government regulations by regulatory bodies such as OSHA. Employers in the region are bound to provide employees with personal protective equipment. Asia Pacific is expected to witness high growth in the market over the forecast period on account of increasing investments in transportation and infrastructure construction projects in these regions, thereby creating immense opportunities for the metalworking and foundry sectors. Growing construction and manufacturing industry, coupled with a favorable oil and gas industry, is expected to drive the market in the near future on account of strict government regulations regarding prevention of workplace fatalities.


Further key findings from the study suggest:
  • The power air purifying respirator market in U.S. is projected to expand at a CAGR of 6.7% in terms of revenue over the forecast period. Increasing investments in the military and defense sectors are expected to drive PAPR demand over the forecast period
  • The market in U.K. was valued at USD 91.8 million in 2018 and is projected to grow significantly over the forecast period. Stringent government norms regarding occupational health and safety, coupled with growing concerns over respiratory illness cases are expected to drive the market in the region
  • The market in India is expected to reach USD 106.3 million in 2025. Growing number of high-risk activities such as underground mining and underwater exploration activities in India is anticipated to drive PAPR demand over the forecast period.
 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James

Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email:
sales@grandviewresearch.com
For More Information:
https://www.grandviewresearch.com