Uncategorised – Page 28 – Market Industry Forecast News

Revolutionizing Nutrition: Advancements in the Animal Feed Industry

Animal Feed Industry Data Book | Forecast 2030

Animal Feed Industry Data Book – Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s animal feed sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Animal Feed Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Poultry Feed Market Report Highlights

The global poultry feed market size is likely to be valued at USD 238.9 billion by 2025, growing at a CAGR of 4.5% over the forecast period.

In terms of volume, the poultry feed market is likely to be valued at 604.5 kilotons by 2025

In terms of revenue, Asia Pacific emerged as the fastest-growing region across the globe in 2018

Broilers emerged as the largest segment in the market with a share of over 60% both in terms of volume and revenue

Royal DSM N.V.; Alltech Inc.; Novus International Inc.; Evonik Industries; Kent Nutrition Group, Inc.; and BASF are some of the companies present in the industry.

Order your copy of the Free Sample of “Animal Feed Industry Data Book – Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Cattle Feed Market Report Highlights

The global cattle feed market size is anticipated to reach USD 96.2 billion by 2027 expanding at a CAGR of 3.2%.

In 2019, soybean meal emerged as the largest ingredients segment owing to easy availability and low cost of these products

In 2019, amino acids emerged as the largest additives segment as these acids play a vital role in developing healthy eyesight, adrenal & thyroid gland function, hair pigmentation, urea production, and animal growth, as well as act as antioxidants

In 2019, dairy emerged as the largest application segment, due to the demand for milk products as a result of rising population in emerging economies across the globe.

Swine Feed Market Report Highlights

The global swine feed market size is expected to reach USD 135.7 billion by 2025, accelerating at a CAGR of 3.5% over the forecast period.

In terms of revenue, Asia Pacific emerged as the fastest-growing regional market across the globe in 2018

Amino acids segment emerged as the prominent additives segment, in terms of volume, in 2018 with a market share of 24.1%

Asian countries, especially India and China, are likely to witness remarkable growth rate over the forecast period owing to increasing meat consumption

The swine feed market is fragmented and competitive with the presence of major global players such as AFB International, Alltech, Evonik, DSM, Nutreco N.V., Archer Daniels Midland, and Cargill.

Go through the table of content of Animal Feed Industry Data Book to get a better understanding of the Coverage & Scope of the study

Aquafeed Market Report Highlights

The global aquafeed market size is expected to reach USD 102.3 billion by 2030, registering a CAGR of 4.4% over the forecast period.

Dry aquafeed form witnessed the fastest growth rate from 2023 to 2030 owing to its properties, such as easy production, quick transport, long storage life, and quick dispense into the fish culture environment

Feed acidifiers are estimated to witness the fastest growth rate from 2022 to 2030 due to their ability to prevent the species from diseases, which are caused by E. coli and Salmonella. These additives are prepared from organic acids along with their salts and help in maintaining gastric acid levels in aquatic species

The grower feed type will have a high growth rate during the forecast years due to its rising demand as it supports the continuous growth of the animals without burdening them with extra vitamins and minerals intake

Sea bass application will witness a high growth rate from 2023 to 2030 due to its increasing consumption in the food industry because of its low calorie and high protein content. It is a carnivorous fish and is rich in omega-3 fatty acids, proteins, and selenium. It also contains potassium, mercury, magnesium, vitamin B12, and vitamin B6

Asia Pacific will emerge as the fastest-growing region from 2023 to 2030 owing to its favorable climatic conditions in countries like China and India, which help enhance the overall aquaculture industry production, thereby boosting the market growth

Pet Food Market Report Highlights

The global pet food market size is expected to reach USD 139.29 billion to expand at a CAGR of 4.3% from 2023 to 2030.

Dog food accounted for the fastest growth rate of more than 5.1%, owing to the increased awareness regarding dog health and benefits of healthy and balanced dog diet among the dog owners

Dry Cat food type accounted for the fastest growth rate due to its benefits such as cost-effectiveness, ease and convenience of application, and long shelf life. Also, it allows free feeding to the cats which has increased their demand from cat-owners, where the cat prefers to consume round the clock, instead of feeding at specific mealtimes in a day

The region of Central and South America accounted for the fastest growth rate of 6.0%. This is because of the growing population of number of Cats and Dogs, resulting in to rising pet food production

Pet food manufacturers are extremely focused on enhancing & managing supply efficiency and ensuring their capability to compete with other players by addressing sourcing requirements, improving operating efficiency, reducing lead time, and increasing productivity. Increasing consumer awareness concerning toxicity of synthetic products and the side- effects observed in pets due to the consumption of such products have instigated several manufacturers in developed economies to produce organic pet foods

There are number of people that suffer from pet allergies and hence do not prefer keeping a household pet. This is because of the presence of indoor allergens such as animal dander, molds, and dust mite dropping. There have been numerous cases of people suffering from diseases like asthma due to dog and cat allergies. This factor can be an important restraint of the market.

Competitive Insights

Manufacturers formulate animal feed as per the standard nutritional requirements of domesticated animals. The manufacturing process is similar to processed food, except for ingredients. Meat-based raw materials are processed/rendered to separate protein components, water, and fat. The manufacturing process also entails grinding, cooking, and mixing the aforementioned raw materials with other ingredients. The entire mixture is shaped into various forms depending on the requirements. Key manufacturers in the market comprise The J.M. Smucker Company; The Hartz Mountain Corporation; Mars, Incorporated; Hill’s Pet Nutrition, Inc.; Nestlé Purina; LUPUS Alimentos; Total Alimentos; General Mills Inc.; and WellPet LLC.

Murphy’s Premium Pet Food offers cat and dog food products under the brand names, Purina and Canidae. The products are designed to balance blood sugar levels and reduce inflammation. Organic and natural pet food is expected to gain popularity among consumers in the near future as households continue to view the diet of their pets as a means of improving their overall health.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

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Grand View Research, Inc.

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Exploring the Booming Water Treatment Systems Industry: Key Trends and Forecasts

Water Treatment Systems Industry Data Book | Forecast 2030

Water Treatment Systems Industry Data Book – Point of Use Water Treatment Systems and Point of Entry Water Treatment Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s water treatment systems industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Access the Global Water Treatment Systems Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Point Of Use Water Treatment Systems Market Report Highlights

The global point of use water treatment systems market size is expected to be valued at USD 54.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 19.0% from 2023 to 2030.

In terms of value, the U.S. market is predicted to expand at a revenue-based CAGR of 17.4% over the forecast period. Favorable government regulations, coupled with financial benefits, are predicted to boost business growth over the forecast period

In 2021, the U.K. market demand was 20.5 million units. Under the sink filters are more prevalent in the U.K., given the advanced aesthetic sense prevalent among the customers in the country

The Indian market size is likely to be valued at USD 4.2 billion by 2030. India is one of the largest markets as it is the second most populated country in the world

Order your copy of the Free Sample of “Water Treatment Systems Industry Data Book – Point of Use Water Treatment Systems and Point of Entry Water Treatment Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Point Of Entry Water Treatment Systems Market Report Highlights

The global point of entry water treatment systems market size is expected to reach USD 13.86 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 5.1% from 2023 to 2030.

By technology, distillation systems are anticipated to expand at a CAGR of 6.4% from 2023 to 2030, in terms of revenue, on account of their inexpensiveness and efficiency in water softening for small purposes, such as laundries, aquariums, and car washing

The non-residential application segment accounted for the largest revenue share of over 73.0% in 2022 owing to the increasing demand from the food and beverage, healthcare and hospitality, and other manufacturing sectors

The residential application segment is estimated to expand at a CAGR of 4.0% over the forecast period on account of a rise in housing completions and redevelopment projects in the construction industry

The U.K. accounted for a revenue share of over 19.0% in the European market in 2022 owing to the National Infrastructure Strategy expected to spur up construction projects in the country, along with growing immigration in the country

Companies such as DuPont have been focusing on acquisitions, utilizing their cashflows with the acquisitions of inge GmbH, Desalitech, Memcor, and OxyMem Limited in January 2020, in a move to benefit the purification business of the company

Go through the table of content of Water Treatment Systems Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

Major players in the water treatment systems market include Pentair plc; 3M; A.O. Smith; EcoWater Systems; Panasonic Corporation; Amway; Kent RO Systems Ltd.; LG Electronics; BWT AG; Coway Co. Ltd.; DuPont; and Watts Water Technologies Inc. The manufacturers of water treatment systems adopt several strategies, including merger & acquisition, partnership & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to augment their market presence and cater to the ever-changing consumer requirements.

Strategies adopted by the companies usually include product portfolio expansion, collection network expansion, and geographic network expansion.

In July 2019, Pentair plc entered a legally binding agreement to buy Pelican Water Systems for USD 120 million in cash. This move helped the company to enhance its growth potential through its cutting-edge technologies and multi-channel strategy, which provided customers with more choices in terms of where, how, and when to purchase water treatment solutions.

In July 2022, AQUAPHOR opened its third factory in Estonia. This initiative aimed to ship annually its products to the global markets from its new plant’s production lines. The new line will enable the mass production of membrane water treatment and desalination systems.

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Grand View Research, Inc.

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Exploring the Fertility Storage Industry: Market Analysis and Growth Forecast 2023-2030

Fertility Storage Industry Data Book | Forecast 2030

Fertility Storage Industry Data Book – Egg Donation, Sperm Bank Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s fertility storage industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research along with a digital healthcare statistics e-book.

Access the Global Fertility Storage Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Egg Donation Market Analysis And Forecast

The global egg donation market size was valued at USD 3.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 17.92% from 2023 to 2030. Some of the driving factors of the market are the increasing demand for donor eggs due to delaying pregnancy by the young generation, rising infertility due to unhealthy habits, and the high success rate of procedures. In the U.S., egg donors are not only compensated for the donation but can also negotiate their compensation amount based on the desirability of their eggs.

According to National Center for Health Statistics, the average age to have a baby in the U.S. increased to 26.3 years in 2016 when compared to 22.7 years in 1980. Furthermore, this age increased to 30.3 years for women with a college degree.

Younger women prefer their own eggs for IVF procedures; however, for women above 40 years of age use of donor eggs increases the success rate of conceiving as the quality and quantity of eggs decline after 40. Delay in pregnancy is a key factor responsible for the declining quality and quantity of own eggs.

Order your copy of the Free Sample of “Fertility Storage Industry Data Book – Egg Donation, Sperm Bank Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Sperm Bank Market Report Highlights

The global sperm bank market size is expected to reach USD 6.6 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.56% over the forecast period.

In 2022, known donor segment held the largest market share in terms of revenue owing to legal framework in various countries against donor anonymity

Semen analysis accounted for the highest revenue share in 2022. However, sperm storage segment is expected to expand at the faster CAGR over the forecast period

On the basis of fertilization techniques, in vitro fertilization held the largest revenue share 2022 owing to high number of IVF cycles with donor sperm

North America dominated the market owing to increasing rate of infertility and increasing number of men opting for sperm freezing

Asia pacific is expected to register the fastest CAGR over the forecast period owing to the growing fertility tourism and low cost of the procedure

Go through the table of content of Fertility Storage Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

The market is highly competitive due to the presence of a large number of multinational and local market players. Companies operating in the market are adopting various strategies, such as service launches, facility expansion, and partnerships & collaborations, to gain higher market share.

Key Drivers

Increasing incidence rate of infertility
High adoption of Assisted Reproductive Technology (ART)
Technological advancements

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Grand View Research, Inc.

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Spectrometry Industry Analysis: Emerging Trends and Growth Opportunities 2023-2030

Spectrometry Industry Data Book | Forecast 2030

Spectrometry Industry Data Book – Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s Spectrometry Industry databook is a collection of market sizing & forecast insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research. The following data points will be included in the final product offering in five reports and one sector report overview.

Access the Global Spectrometry Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Spectrometry Market Report Highlights

The global spectrometry market size is expected to reach USD 24.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028.

The Mass Spectrometry (MS) segment is anticipated to witness the fastest CAGR during the forecast period owing to continuous advancements in the technology

The MALDI-TOF MS is a major contributor to the high growth of the MS segment, owing to the introduction of new accessories for MALDI-TOF MS which expands the application range of this technology

The instrument segment dominated the market in 2020. The key players offering extensive instruments for specialized application contribute to the large segment share

Although the availability of various spectrometers is high, many research entities are unable to adopt them owing to a high cost of systems and lack of skilled professionals

Therefore, research entities approach organizations that offer spectroscopy services, which, in turn, is expected to drive the services segment over the forecast period

Pharmaceutical analysis occupied a major portion of the revenue generated by the application segment as spectrometer is commonly used in the quality assurance and quality control departments of pharmaceutical companies

Additionally, ongoing innovation in the technology specialized for pharmaceutical application contributes to the fastest growth of the segment

Order your copy of the Free Sample of “Spectrometry Industry Data Book – Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Mass Spectrometry Market Report Highlights

The global mass spectrometry market size is projected to reach USD 9,697.0 million by 2030, at a CAGR of 8.06% over the forecast period, according to a new report by Grand View Research, Inc.

The instruments segment held the largest revenue share of 77.39% in 2022. This instrument segment drives the mass spectrometry industry as spectrometers offer a wide range of applications in the biotechnology sector for diagnostics and drug development
Quadrupole liquid chromatography-mass spectrometry dominated the market in 2022 with a share of 37.09%. This is due to the significant advantages in accuracy and in-depth analysis offered by the technology
By application, proteomics accounted for the largest share of 46.69% in 2022. The rising prevalence of infectious disease globally and efficient testing alternatives offered by mass spectrometry-based diagnostic techniques are driving the segment
North America held the largest revenue share of 41.94% in 2022, due to the presence of an established healthcare sector and key players such as Thermo Fisher Scientific, Inc.; Agilent Technologies, Inc.; Bruker Corporation; Danaher Corporation, and others in the region
The pharmaceutical and biotechnology companies segment held the largest revenue share of 43.98% in 2022. This is due to the rapid increase in research and development activities in recent years

Nuclear Magnetic Resonance Spectroscopy Market Report Highlights

The global nuclear magnetic resonance spectroscopy market size is expected to reach USD 1,025.3 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.1% from 2023 to 2030.

By product, the instruments segment held the dominant share of the NMR spectroscopy industry, owing to the increasing demand by universities and research centers for high-field NMR spectroscopy

The steadily increasing scope of the product has a significant impact on the market. For instance, solid-state NMR spectroscopy (SSNMR) is considered an analytical tool for drug characterization, hence propelling the market growth

By type, the high-field NMR spectroscopy segment dominated the market in 2022, since it offers better sensitivity to the researchers

By end-use, the academic segment held a larger share in 2022; numerous universities employ NMR analysis to enhance chemical identification in pharmaceutical and chemical industries

North America held a substantial share in the global market in 2022 due to the presence of a large number of universities and increasing funding support by the government to enhance research infrastructure

The Asia Pacific region is projected to grow considerably in the future, owing to the rising availability of raw materials and increasing biomedical research in the pharma and biotech industry

Go through the table of content of Spectrometry Industry Data Book to get a better understanding of the Coverage & Scope of the study

Near-infrared Spectroscopy Market Report Highlights

The global near-infrared spectroscopy market size is expected to reach USD 806.4 million by 2030, registering a CAGR of 5.8% over the forecast period.

The Fourier Transform-based (FT-NIR) spectrometers product segment held the major revenue share owing to the high accuracy in the material testing and verification
The particle measurement application segment had a substantial share in 2022 due to strict measures by emerging countries for dealing with counterfeited medicines
The portable near-infrared spectroscopy type segment is anticipated to register the fastest CAGR during the forecasted period
MicroPHAZIR RX analyzer by Thermo Fisher Scientific is one of the portable NIR spectrometry that can analyze various applications
Europe dominated the global industry in 2022 due to the establishment of a large number of pharmaceutical manufacturers and strict regulations for quality-check as a part of GMP compliance
Asia Pacific is estimated to grow at the fastest CAGR over the forecasted period owing to the expansion of the semiconductors industry in emerging regions, such as India

In-line UV-vis Spectroscopy Market Report Highlights

The global in-line UV-vis spectroscopy market size is expected to reach USD 1,872.9 million by 2030, registering a CAGR of 6.69% over the forecast period, according to a new report by Grand View Research, Inc.

The color measurement segment accounted for the largest share in 2022. A large number of operating suppliers and high penetration of products in this segment have resulted in the dominance of this segment

Measurement of chemical concentration also accounted for a significant revenue share in 2022. An increase in demand for real-time analytical tools that monitor fermentation and bioprocesses in food & biological applications is expected to propel industry growth

The painting & coating industry end-user segment held the largest share in 2022 due to the rapid growth of the paint and coatings industry

The chemical industry segment is expected to grow at the fastest CAGR from 2023 to 2030. The high use of spectroscopy for monitoring wet chemical processes has boosted the revenue growth of the segment

North America dominated the global industry in 2022 owing to the presence of highly regulated industries in the U.S. and the growing demand for robust technologies

The rising adoption of spectroscopy services in countries like India, Singapore, and South Korea is expected to drive the Asia Pacific region at a lucrative CAGR from 2023 to 2030

Competitive Landscape

Competitive rivalry in the spectrometry industry is moderate to high due to the presence of a large number of both well-established players and small- to mid-sized manufacturers and distributors in the market space. Some of the major players are Danaher Corporation, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Waters Corporation, Shimadzu Corporation, Bruker Corporation, and JEOL Ltd among many others. These market players are involved in the development of advanced spectrometry products as well as services. To maintain a significant share in the market, key participants are undertaking various initiatives and implementing business strategies, such as product launches, product portfolio expansion, reinforcement and stabilizing the distribution network, and manufacturing capacity expansion and geographic reach expansion through acquisitions, collaborations, and partnership.

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About Grand View Research

Contact:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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Emerging Trends and Growth Opportunities in the Industrial Gases Industry 2023-2030

Industrial Gases Industry Data Book | Forecast 2030

Industrial Gases Industry Data Book – Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Acetylene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s industrial gases sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Industrial Gases Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Oxygen Market Analysis And Forecast

Oxygen is the second largest component of the atmosphere, comprising around 21% volume. Although oxygen is utilized by living beings on Earth, it has applications across different end-use industries. Oxygen is usually available in the gaseous form, but for storage and transportation purposes, it is generally liquefied for ease of handling. Oxygen finds application in various end-use industries including automotive & transportation equipment, aerospace & aircraft, chemicals, glass, healthcare, energy, metal production, pulp & paper, refining, water & wastewater treatment, pharmaceutical & biotechnology, and welding & metal fabrication. Oxygen finds wide application in the metal industries in combination with acetylene and other fuel gases for scarfing, metal cutting, hardening, welding cleaning, and melting. Oxygen or oxygen-enriched air is extensively used in the iron and steel manufacturing process.

Order your copy of the Free Sample of “Industrial Gases Industry Data Book – Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Acetylene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Nitrogen Market Analysis And Forecast

Nitrogen is a highly demanded industrial gas owing to its rising consumption in applications like food & beverages, light bulb manufacturing, fire suppression system, steel manufacturing, aircraft fuel system, chemical manufacturing, and others. The growing automotive and chemicals industry in the developing economies of the world is fueling the demand for nitrogen. In January 2023, Atlas Copco Industrial Assembly Solutions announced that it has installed a nitrogen generation system with the intention to serve the global automotive industry.

Plastic manufacturers are highly dependent on nitrogen supplies due to their high usage in the manufacturing process. Plastic manufacturers mainly use nitrogen in gas-assisted injection molding projects. The gas-assisted process is widely used in the production of large plastic parts. According to the Plastic Industry Association, plastic production in the U.S. reportedly increased by 5.7% in February 2022 as compared to February 2021.

Hydrogen Market Analysis And Forecast

Hydrogen gas is mainly utilized for welding purposes in industrial operations. Hydrogen helps enhance stability in plasma welding and cutting activities in various welding processes. Hydrogen can also be mixed with argon to provide a gas shield to protect the welded metal from corrosion and contamination. In addition, hydrogen plays a key role in metal fabrication to secure metal products from oxidation during heat treatment. Another major application of hydrogen is in glass manufacturing. Hydrogen is used in combination with other gases to secure glass from oxidation during glass production.

Go through the table of content of Industrial Gases Industry Data Book to get a better understanding of the Coverage & Scope of the study

Carbon Dioxide Market Analysis And Forecast

Carbon dioxide is pivotal to the welding process of metal in metal fabrication plants. Carbon dioxide is utilized as a shield to help produce high welding rates in metal inert gas and metal arc welding processes. Welders often prefer carbon dioxide in their welding operations owing to its low prices and deep weld penetration, even through thick metals. Furthermore, carbon dioxide is a prominent fire suppressor due to its properties of displacing oxygen in the environment, which helps suppress the spread of fire. Carbon dioxide presents a low risk of water damage and requires very little clean-up.

The growing usage of metal in the automotive and aerospace industry is anticipated to drive demand for carbon dioxide over the projected years. The demand for automobiles surged during the period of Covid-19 owing to safety concerns regarding public transport. Shut down of public transport due to prolonged lockdown during the year 2020-21, compelled people to consider purchasing passenger cars for commuting purposes, and that also provided safety from Covid-19 infection. This factor triggered the demand for automobiles in countries like China, India, and the U.S. This factor is likely to bolster the demand for metal welding, as a result, will positively impact the carbon dioxide market over the forthcoming years.

Argon Market Analysis And Forecast

Argon gas is extensively used in automotive assembly plants to weld seats, suspensions, axles, and exhaust system. Argon gas presents high application in welding and casting. Argon is categorized as a nonreactive gas, which makes it an ideal shield gas. In addition, argon is heavily utilized for glass manufacturing owing to its application in filling thermal holes in windowpanes. The rising usage of glass in a range of industries such as consumer goods, electronics, construction, and others has been driving demand for argon gas during the past many years. In addition, the growing usage of personal vehicles for commuting and traveling purposes is expected to further elevate the demand for argon gas over the future years.

Acetylene Market Analysis And Forecast

Acetylene gas plays a key role in welding and cutting processes. The acetylene welding process is widely known as cutting coal or cutting oxy-fuel. Acetylene is highly used for cutting and welding metal materials that require temperature of up to 3,500° C. Acetylene is highly flammable gas that is extensively used for cutting torches in metal welding processes. Oxy-fuel cutting is an effective method for soldering metal rods to base metal and melting steel and iron. Furthermore, acetylene is used as a carbon source for carburizing processes by the automotive industry. The growing automotive industry driven by the rapid increase in urbanization has spurred the usage of acetylene gas. Acetylene is also used for the manufacturing of portable lights. The rising power cut issue, predominantly in rural areas, is likely to escalate the demand for portable lights, in turn, will excel the consumption of acetylene over the forthcoming years.

Competitive Insights

The global industrial gas market is highly competitive due to presence of a large number of well small scale and large-scale manufacturers and suppliers of industrial gases. The small-scale companies majorly focus on stable pricing, regular supply, and product quality to serve the best to its clients. Whereas the large-scale companies regularly invest time and money on research and development activities for innovation and new product development related to industrial gases. Large-scale companies also focus on building a strong supply chain for the seamless distribution of industrial gases to their customers.

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About Grand View Research

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

Web: https://www.grandviewresearch.com/sector-reports-list

Market Insights: Lubricants Industry Forecast for 2023-2030

Lubricants Industry Data Book | Forecast 2030

Lubricants Industry Data Book – Automotive Lubricants, Industrial Lubricants, Marine Lubricants and Aerospace Lubricants Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s Lubricants Industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed Industrial outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Lubricants Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Automotive Lubricants Market Report Highlights

The global automotive lubricants market is expected to reach USD 94.87 billion by 2030, registering a CAGR of 3.5% over the forecast period

The global market is estimated to advance with a compounded annual growth rate (CAGR) of 3.5% from 2023 to 2030. This is attributed to the advancing use of automobiles worldwide
Engine oil in the product segment dominated the market with a revenue share of 54.8% in 2022. This growth is attributed to the fact that it contributes to keeping the engine corrosion-free, cool, and clean
Gear oil is another segment witnessing growth over the forecast period. This is due to the fact that gear oil is one of the significant products in the market on account of its high viscosity, which eventually helps protect gear components and ensure smooth gear operations
Asia Pacific region dominated the global market with a revenue share of 57.2% in 2022. This growth is due to the increasing production of automobiles in China and India. According to OICA, China produced 3.18 million commercial vehicles and 23.84 million cars in 2022, a growth of 3% as compared to 2020
North America is another region witnessing growth in 2022. According to the International Organization of Motor Vehicle Manufacturers (OICA), the U.S. produced 10.06 million vehicles in 2022, a growth of 10% as compared to 2021
Additionally, according to Statics Canada, approximately 1.6 million new vehicles were registered in Canada in 2021 which was 6.5% higher as compared to vehicles registered in 2020. Thus, the advancing automotive industry is further anticipated to drive the demand for products over the period

Order your copy of the Free Sample of “Lubricants Industry Data Book – Automotive Lubricants, Industrial Lubricants, Marine Lubricants and Aerospace Lubricants Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Industrial Lubricants Market Report Highlights

The global industrial lubricants market size is expected to reach USD 72.08 billion by 2030, registering a CAGR of 3.9%.

Product demand in Europe is expected to grow at a CAGR of 2.8% over the forecast period owing to increasing industrial activities along with modernization of industrial machinery

Saudi Arabia accounts for a major share of the global oil reserves. Heavy investments in education & infrastructure development by the government to reduce unemployment will have a positive impact on the regional market

Companies have undertaken strategies, such as mergers and acquisition, to enhance their product offerings and strengthen regional presence

Manufacturers of industrial lubricants market are aiming to achieve optimum business growth by implementing other strategies including joint venture, capacity expansion, product development, and R&D investments

Marine Lubricants Market Report Highlights

The global marine lubricants market size is expected to reach USD 10.27 billion by 2030, registering a CAGR of 4.2% over the forecast period.

Hydraulic oils are anticipated to emerge as the fastest-growing segment over the forecast period. These are used for extending pump life under severe conditions, maintain cleanliness, and reliable air release filterability. Lubricants are also utilized in gear oil for the protection of high horsepower marine engines. The product is fortified with anti-foaming agents, which prevents cavitation at high RPM’s.

North America is projected to remain a prominent regional market, registering a CAGR of 3.7% during the forecast period. The growth of the region can be attributed to rally of the marine sector.

Asia Pacific is likely to remain the fastest-growing region with a 4.6% CAGR from 2023 to 2030. Some of the factors contributing to the growth of APAC are increasing number of ports, surging trade activities with the U.S. and other developed economies, and rapidly expanding shipbuilding sector.

Major industry participants are increasingly engaging in R&D, strategic collaborations, new product launches, and other strategies in order to consolidate their positions in the market.

Go through the table of content of Lubricants Industry Data Book to get a better understanding of the Coverage & Scope of the study

Aerospace Lubricant Market Report Highlights

The global aerospace lubricant market is expected to reach USD 998.1 million by 2022.

The global aerospace lubricant market demand exceeded 90 kilo tons in 2014 and is expected to reach 133.8 kilo tons by 2022, growing at a CAGR of 4.8%from 2015 to 2022

Civil aviation emerged as the largest end-use segment with demand share exceeding 65% in 2014. The sector is expected to generate high demand for lubricating oil particularly engine oil as a result of increased trans-continental travel, domestic air passenger traffic rise in Asian markets and strong preference towards aviation from locomotives in developing markets.

Asia Pacific was the leading consumer and accounted for 39.0% of global volume in 2014. Growing civil aviation sector as a result of reduced airfares, increased presence of aircraft operators and rising consumer income particularly in China, India, Thailand, and Indonesia is expected to drive the regional market over the forecast period.

Aerospace lubricant market is characterized by the presence of integrated companies who are involved in additive and base oil production as well. In regions such as China, there is a huge presence of independent blenders which leads to fragmentation.

Key companies in the industry include Exxon Mobil, Shell, British Petroleum, Total Lubricant, Chevron Corporation, Fuchs Group, Phillips 66, Castrol, Sinopec, Petrobras, Quaker Chemical Corporation and Aerospace Lubricant, Inc.

Competitive Insights

The global lubricants market is competitive markets with a large number of well diversified regional, and independent small scale and large scale manufacturers and suppliers. The small-scale companies majorly compete on the basis of price, after sales service and delivery timelines. Whereas the large scale companies focus on product development and innovations as well as marketing strategies. Some companies are also redefining their supply chain to reduce cost and customer delays.

Global as well as regional players are developing direct sales channels, especially for automotive lubricant users at their local service centers. Some companies also participate in annual events of their end users and showcase their products at offer prices. Direct sales through such platforms reduces the dependability towards retailers and wholesalers at the same time offering better margins and operational costs. Such sales also develop a strong database of customers which enables the manufacturer to develop a better understanding about the demands.

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Market Research Forecasts Strong Expansion of Ultrasound Devices and Accessories Sector by 2030

Ultrasound Devices and Accessories Industry Data Book | Forecast 2030

Ultrasound Devices and Accessories Industry Data Book – Ultrasound, Ultrasound Transducer and Ultrasound Gels Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s Ultrasound devices and accessories industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Ultrasound Devices and Accessories Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Ultrasound Transducer Market Report Highlights

The global ultrasound transducer market size is anticipated to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% during the forecast period.

Convex transducers holds largest market share owing to the advantages of the product such as superior quality resolution for accurate diagnosis, wider footprint, and ergonometric designs

2D linear transducers are highly preferred as compared to 3D linear owing as they provide detailed results in heart conditions

General imaging segment is expected to lead the ultrasound transducer market in the forthcoming years owing to increased adoption of ultrasound devices in primary diagnostic purposes

Owing to lower labor costs and untapped areas in developing regions of Asia Pacific, the market players are expected to witness huge opportunities to increase their clientele and expand their product portfolio

Key players in the ultrasound transducers market include Shenzhen Ruqi Technology, GE Healthcare, Siemens Healthineers, Samsung Medison, Hitachi, Esaote, Mindray, SIUI, , SonoScape Medical, FUJIFILM SonoSite, Shenzhen Jiarui Electronic Technology, and Koninklijke Philips N.V.

Order your copy of the Free Sample of “Ultrasound Devices and Accessories Industry Data Book – Ultrasound, Ultrasound Transducer and Ultrasound Gels Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Ultrasound Gels Market Report Highlights

The global ultrasound gels market size is estimated to reach USD 112.8 million by 2027, registering a CAGR of 3.0%.

The non-sterile segment held the largest market share in 2019 and are expected to grow at a healthy CAGR over the forecast period

The sterile segment is expected to experience the fastest growth rate during the forecast period

The hospitals segment held the largest market share owing to its large patient pool, strict adherence to medical imaging protocols, and availability of advanced technology

Ambulatory centers and clinics are anticipated to grow at the speediest rate during the forecast period

North America held the largest market share in 2019

The increasing acceptance of sonography at community level clinics and home healthcare will drive the market growth in the region

Asia Pacific is expected to be the fastest-growing region over the forecast period due to large unmet needs, increasing healthcare expenditure, and presence of several small-scale domestic manufacturers.

Go through the table of content of Ultrasound Devices and Accessories Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The major players are working to improve their product offerings by upgrading their products, taking advantage of important cooperation activities, and exploring acquisitions and government clearances in order to expand their customer base and gain a larger share of the overall market.

Some of the recent major strategies by major players include:

In April 2022, the GE Healthacre entered into a partnership with Unilabs, a leading European diagnostic services provider, to provide advanced imaging equipment and digital technology in Portugal. The agreement covers, MRI, CT, ultrasound devices, mammography, and X-ray machines.

In February 2022, Koninklijke Philips N.V. included hemodynamics to its handheld ultrasound Lumify for real-time blood flow evaluation. Now, the POC for physicians includes a Pulse Wave Doppler, which will allow them to quickly access hemodynamic in cardiac function.

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Market Insights and Future Prospects of the Blockchain-oriented Services Industry: 2023-2030

Blockchain-oriented services Industry Data Book | Forecast 2030

Blockchain-oriented services Industry Data Book – Decentralized Finance, Blockchain Messaging Apps, Decentralized Identity, Non-fungible Token, Web 3.0 Blockchain Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s blockchain-oriented services industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Blockchain-oriented services Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Decentralized Finance Market Report Highlights

The global decentralized finance market size is expected to reach USD 231.19 billion by 2030, expanding at a CAGR of 46.0% from 2023 to 2030

The smart contracts segment is anticipated to witness significant growth over the forecast period. Decentralized contracts offer a range of benefits, including transparency, which is inherent in the nature of blockchain technology. Smart contracts, being an integral part of the blockchain, operate with built-in enforcement mechanisms where every transaction and action is recorded and accessible to the public

The payments segment is expected to witness the fastest growth over the forecast period. The growth of DeFi can be attributed to its disintermediation feature, which effectively reduces payment transaction costs

The Asia Pacific regional market is anticipated to witness the fastest growth over the forecast perioddue to its large and tech-savvy population, supportive regulatory frameworks, and established financial centers. These factors create a conducive environment for the region’s growth and adoption of DeFi solutions

Order your copy of the Free Sample of “Blockchain-oriented services Industry Data Book – Decentralized Finance, Blockchain Messaging Apps, Decentralized Identity, Non-fungible Token, Web 3.0 Blockchain Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Blockchain Messaging Apps Market Report Highlights

The global blockchain messaging apps market size is expected to reach USD 536.5 million by 2030, growing at a CAGR of 43.6% from 2022 to 2030

The android segment dominated the market in 2021. Android is a cost-effective and high-functionality operating system preferred by individuals, contributing to the segment’s growth

The message segment dominated the market in 2021. The rising demand for secured and decentralized blockchain-based messaging apps from businesses and individuals is expected to drive the growth of the segment during the forecast period

The individual segment is expected to emerge as the fastest-growing segment during the forecast period. The growth of the segment is attributed to the growing popularity of cryptocurrency and features such as requesting money and transferring cryptocurrency through chat to other contacts

The Asia Pacific regional market is expected to register rapid growth during the forecast period. The increasing digitalization and adoption of new technologies across the region are expected to increase the adoption of blockchain messaging apps

Go through the table of content of Blockchain-oriented services Industry Data Book to get a better understanding of the Coverage & Scope of the study

Decentralized Identity Market Report Highlights

The global decentralized identity market size is expected to reach USD 102.0 billion by 2030, expanding at a CAGR of 90.3% from 2023 to 2030

The biometric segment is anticipated to register the fastest growth rate over the forecast period. The increasing launch of biometric identification platforms by some of the major firms, including, Innovatrics and IDEMIA, is expected to drive the segment

The individual segment is projected to register the fastest growth rate over the forecast period. Decentralized identity is used by individuals owing to benefits such as privacy and security concerns, which is a major factor expected to propel the segment growth

The small and medium enterprises segment is anticipated to emerge as the fastest growing segment over the forecast period. The growth of the segment can be attributed to the growing digitalization across all SMEs worldwide

The BFSI segment dominated the market in 2022. The banking firms adopting decentralized identity solutions to reduce identity fraud is one of the major factors propelling the segment growth

Asia Pacific is projected to register the fastest growth rate over the forecast period. The increasing demand for decentralized identity solutions across the region is anticipated to play a vital role in driving the regional market

Non-fungible Token Market Report Highlights

The global non-fungible token market size is expected to reach USD 211.72 billion by 2030, growing at a CAGR of 34.2% from 2023 to 2030

In terms of type, the digital asset segment dominated the market in 2022. The demand for art NFTs is growing as they enable artists to track all work transactions. This tracking of transactions helps artists avail perpetual royalty payback benefits on every transaction of their digital art

In terms of application, the collectibles segment dominated the market in 2022. Collectibles have a broad appeal and nostalgic value for many individuals. The concept of owning unique digital items, such as virtual trading cards, digital artwork, or virtual pets, resonates with collectors and enthusiasts who value the rarity and exclusivity of these items

In terms of end use, the commercial segment is expected to experience the fastest growth over the forecast period. The demand for NFTs is growing among businesses to enable improved transactions across a range of application areas

The growing use of cryptocurrency across North American countries such as the U.S. and Canada is expected to create new opportunities for market growth across the region

Web 3.0 Blockchain Market Report Highlights

The global Web 3.0 blockchain market size is expected to reach USD 33.53 billion by 2030, growing at a CAGR of 47.1% from 2023 to 2030

The public segment dominated the market in 2022. The growth of the segment can be attributed to the increased demand for public blockchain technology owing to the free, secure, and permissionless accessibility to anyone with internet access

The cryptocurrency segment dominated the market in 2022. Enterprises are increasingly in need of high-performance cryptocurrency transaction services. Web 3.0 cryptocurrencies use blockchain and smart contracts to automate transactions and eliminate the need for a third-party entity which is anticipated to support the segment’s growth

The retail & e-commerce segment is anticipated to register the fastest growth during the forecast period. Increasing demand for Web 3.0 blockchain in retail & e-commerce owing to benefits such as reduced costs, faster payments, improved security, and increased transparency is expected to fuel the segment’s growth

The Asia Pacific is anticipated to witness the fastest growth during the projection period. The increasing advancements in 5G, artificial intelligence, and machine learning is the major factor driving the growth of the Asia Pacific region. Moreover, growing investments in research & development of Web 3.0 is anticipated to aid the growth

Competitive Insights

The key players in the market are focused on strategies, such as mergers & acquisitions, partnerships, and collaboration to strengthen their market position. For instance, in December 2020, Ripple announced its partnership with Novatti, a fintech and digital payments company based in Australia. This partnership helped Novatti to enable real-time remittance between Asia and Australia. Additionally, they have obtained approvals to launch their products across various countries. In May 2019, Microsoft Corporation launched Azure Blockchain Services. The services helped users in the formation, management, and governance of consortium blockchain networks and allowed businesses to build applications based on the blockchain technology.

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Exploring the Growth Potential of the Earthmoving Equipment Industry from 2023 to 2030

Earthmoving Equipment Industry Data Book | Forecast 2030

Earthmoving Equipment Industry Data Book – Excavator, Loader, Motor Grader, Dumper And Dozer Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s earthmoving equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Earthmoving Equipment Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Excavators Market Report Highlights

The global excavators market size is expected to reach USD 108.37 billion by 2030, expanding at 5.2% CAGR from 2023 to 2030.

Electric drive excavators emerged as the segment with the largest market growth in 2022 and is estimated to generate revenue of over USD 75,243.3 million by 2023
Mini excavators are gaining traction for medium and small projects owing to its compact nature and efficiency
By type, the excavator industry reached a valuation of USD 70,650.6 million in 2022. The rising use of excavator types such as wheelers and crawlers in mining and carrying heavy loads is anticipated to fuel the segment’s growth
The Asia Pacific market is likely to witness substantial growth over the next decade. The regional market is projected to progress at a CAGR of 5.7% from 2023 to 2030
Key players including Caterpillar, Komatsu, and Liebherr dominated the market, accounting for a sizeable share in 2022

Order your copy of the Free Sample of “Earthmoving Equipment Industry Data Book – Excavator, Loader, Motor Grader, Dumper And Dozer Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Loader Market Report Highlights

The global loader market size is expected to reach USD 20.24 billion by 2027, expanding at a CAGR of 3.4% from 2020 to 2027.

By product type, the backhoe segment is anticipated to expand at the highest CAGR of 4.6% from 2020 to 2027 as it is suitable for performing operations on small, medium, and large-scale construction sites
Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to rising infrastructural developments and construction activities in emerging countries, such as India and China
Key players operating in the market are focused on enhancing their product offering to maintain their lead in the market.

Go through the table of content of Earthmoving Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Motor Grader Market Report Highlights

The global motor grader market size is expected to reach USD 5.53 billion by 2030 and expand at a CAGR of 5.4% from 2023 to 2030.

The electric drive motor grader segment is expected to register significant growth over the forecast period owing to the ongoing trend of electrification in construction machinery
The 11 to 45 segment is gaining traction for small & medium operations due to their efficient and compact nature
The Asia Pacific market is anticipated to register significant growth over the forecast period owing to the growth in construction activity across the continent

Competitive Landscape

The market is competitive with the presence of major Komatsu, Hitachi Construction Machinery, Caterpillar, John Deere, Volvo, CNH Industrial among others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact. The key strategies include strategic partnerships, collaborations, and agreements; new product development; mergers & acquisitions; and research & development initiatives. For instance, Catepillar acquires Kemper Valves and Fitting Corp. in order to expand it’s service offerings. Furthermore, the company also aims to improve cost structure, quality, reliability, delivery performance, and customer loyalty.

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Unleashing the Potential: Cell Culture Industry’s Growth Forecast for 2023-2030

Cell Culture Industry Data Book | Forecast 2030

Cell Culture Industry Data Book – Cell Culture, Cell Culture Media, 3D Cell Culture, Primary Cell Culture Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

Grand View Research’s Cell Culture Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in four reports and one sector report overview.

Access the Global Cell Culture Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Cell Culture Market Report Highlights

The global cell culture market size is expected to reach USD 60.27 billion by 2030, expanding at a CAGR of 11.9% from 2022 to 2030

By consumable, the media segment accounted for the largest revenue share of over 50.0% in 2021 due to the availability of a variety of serum- and animal component-free and customized media alternatives, which has increased the market penetration for media products
Based on product, culture systems held the largest revenue share of over 25.0% in 2021. This can be attributed to the technological advancements in automated systems for research & development applications
The biopharmaceuticals application segment dominated the market in 2021 with a revenue share of over 25.0% due to the involvement of mammalian lines, such as the Chinese hamster ovary, in the manufacturing of biopharmaceuticals and the rising demand for non-conventional drugs
North America held the largest revenue share in 2021 due to high research and development investments, the presence of a well-established scientific infrastructure, significant demand for animal component-free media, and other factors
The Asia Pacific region is estimated to grow at the fastest rate over the forecast period due to the growing healthcare expenditure, rising awareness regarding regenerative therapies, and a large potential for clinical research applications

Order your copy of the Free Sample of “Cell Culture Industry Data Book – Cell Culture, Cell Culture Media, 3D Cell Culture, Primary Cell Culture Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research

Cell Culture Media Market Report Highlights

The global cell culture media market size is expected to reach USD 10,186.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.23% from 2023 to 2030.

By product, the serum-free media segment held the largest revenue share of the market. This is attributed to the increasing gene and cell therapy research along with advantages offered by SFM, which in turn is likely to increase the adoption and anticipate market growth
The biopharmaceutical production segment is expected to grow lucratively over the forecast period. Strategic activities by key biopharmaceutical companies, increasing R&D, demand for more reproducible and better-defined media and growing biosimilars market drives the segment growth
By type, the liquid media segment held the largest revenue share of the market in 2022. This is attributed to increasing number of biopharmaceutical manufacturers, both downstream and upstream, are switching from premixed powders to liquid media and hence, propelling market growth
By end-user, the pharma and biopharma companies segment held a larger share in 2022, owing to the expansion of the current manufacturing capacities coupled with increasing prevalence of chronic disease which in turn demands for novel therapeutic drugs
North America dominated the market in 2022 due to the growth in the pharmaceutical and biotechnology industry, presence of high R&D investment, and the development of novel culture media products in the region
In Asia Pacific, the market is expected to grow considerably in the future owing to the flourishing biosimilar medicine industry along with increasing investments by major market players to increase their presence in the region

3D Cell Culture Market Report Highlights

The global 3D cell culture market size is expected to reach USD 3.31 billion by 2030, expanding at 11.04% CAGR from 2023 to 2030.

The scaffold-based technology segment dominated the market in 2022 with a revenue share of 48.85% and is attributed to the increasing application of scaffold-based cultures in tissue engineering and regenerative medicine applications
Stem cell research & tissue engineering held the largest share of 33.76% in 2022, whereas the cancer institute segment is expected to witness the fastest growth owing to the rising prevalence of cancer, and the benefits offered by 3D cell cultures in cancer research
In the end-use segment, biotechnology and pharmaceutical companies dominated the market with a revenue share of 46.34%. The higher revenue growth is attributed to the continuous growth and commercial success of biopharmaceuticals coupled with the expanding portfolio of the major pharmaceutical companies
North America region dominated the global market in 2022 with a revenue share of 45.58%, owing to the presence of advanced healthcare infrastructure, developed economies, the presence of key players, and various strategic initiatives undertaken by them

Go through the table of content of Cell Culture Industry Data Book to get a better understanding of the Coverage & Scope of the study

Primary Cell Culture Market Report Highlights

The global primary cell culture market size is expected to reach USD 11.60 billion by 2030, expanding at a CAGR of 13.19% during the forecast period.

By product, the reagent and supplements segment dominated with a share of 37.67% in 2022, due availability of a wide range of high-quality reagents and supplements tailored for specific cell types and research applications
By separation method, the enzymatic degradation segment dominated the market with a share of 32.15% in 2022, due to the advantages of this method such as less damage to cultures, a relatively short turnaround time, and a high output of sample representation
By cell type, the animal cells segment dominated the market with a share of 59.41% in 2022. The high growth of the segment is attributed to the versatility, wide availability, and established research protocols for this cell type
By application, the cell & gene therapy development segment dominated the market with a share of 39.45% in 2022, due to the rapidly growing field of regenerative medicine and the increasing demand for personalized therapies
North America established a strong regional position in the global market with a 41.52% share in 2022 due to its highly developed healthcare infrastructure and favorable government policies

Competitive Landscape

Competitive rivalry in the cell culture industry is high due to the presence of a large number of both well-established players and small- to mid-sized companies as well as CROs in the market space. Some of the major players are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Sartorius AG, Eppendorf AG, Merck KGaA, Becton, Dickinson and Company, PromoCell GmbH, and Lonza Group AG among many others. These market players are involved in the manufacturing of various products associated with this industry including cell media, reagents, consumables, and equipment along with certain services. To maintain a significant share in the market, key participants are undertaking various initiatives and implementing business strategies, such as product launches, product portfolio expansion, reinforcement and stabilizing the distribution network, and manufacturing capacity expansion and geographic reach expansion through acquisitions, collaborations, and partnership.

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