Category: Uncategorised

Heat Treating Industry Overview

The global heat treating market size is expected to reach USD 136.25 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.4% from 2022 to 2030. The growing automotive industry and the rising demand for heat-processed metals and alloys in industrial activities and the construction industry are expected to boost the demand over the forecast period.

The COVID-19 pandemic has prompted companies to increase local manufacturing in the automotive industry. Moreover, an increase in the demand for environmentally-friendly heat-treating technologies such as vacuum heat treatment is expected to augment the demand over the forecast period.

Heat treatment in aerospace manufacturing is an important process as it increases the strength of metals used, thereby increasing the weight to strength ratio of components. An increase in M&A activities and restructuring in the aerospace industry is expected to augment the aerospace industry growth, thereby positively affecting the industry growth.

As companies look for greener technological processes, vacuum heat treatment has accelerated market growth. Vacuum heat treatment does not require further forming, maintains a uniform high temperature, and generates no carbon. Moreover, vacuum heat treatment allows more flexibility and adaptability to change.

Heat Treating Market Segmentation

Grand View Research has segmented the global heat treating market based on material, process, equipment, application, and region:

Based on the Material Insights, the market is segmented into Steel, Cast Iron, and Others.

• Steel led the market and accounted for over 80.0% share of the global revenue in 2021. Growing demand for heat-treated steel parts in the construction industry, especially in the U.S., China, and India, is expected to propel the demand for heat treating for steel over the forecast period.
• The cast iron segment is estimated to expand at a CAGR of 3.1% from 2022 to 2030, in terms of revenue. Key factors driving the industry include increasing demand for pipe fittings, electrical fittings, machine parts, and hardware due to several advantages of heat-treated cast iron, which include the prevention of rust and hardening.

Based on the Process Insights, the market is segmented into Hardening & Tempering, Case Hardening, Annealing, Normalizing, and Others.

• The case hardening segment led the industry and accounted for over 25.0% share of the global revenue in 2021. The demand for case hardening in automotive is expected to remain in electric vehicles for constant velocity joints (CVJ). Moreover, increasing infrastructural development in railways is expected to positively impact the segment growth.
• The annealing heat treating segment is estimated to expand at a CAGR of 4.0% from 2022 to 2030, in terms of revenue. Key factors that are responsible for driving the industry include an increase in demand for various annealing processes such as soft annealing, coarse-graining annealing, and stress relieving in the automotive, semiconductors, and construction industries.

Based on the Equipment Insights, the market is segmented into Fuel-fired Furnace, Electrically Heated Furnace, and Others.

• Electrically heated furnaces led the industry and accounted for over 45.0% share of the global revenue in 2021. High operational efficiency achieved using an electrically heated furnace and higher environmental sustainability as compared to conventional fuel-fired systems is expected to propel the demand for electrically heated furnaces over the forecast period.
• Other equipment such as induction furnace and plasma heated furnace is estimated to expand at a CAGR of 3.2% from 2022 to 2030, in terms of revenue. Key factors that are responsible for driving the industry include energy-efficient, easy to clean, fast, and well-controlled melting process.

Based on the Application Insights, the market is segmented into Automotive, Aerospace, Metalworking, Machine, Construction, and Others.

• The automotive segment led this industry and accounted for over 30.0% share of the global revenue in 2021 on account of the growing EV industry and the increasing demand for greener technologies, which can deliver energy-efficient heat treating. Moreover, new and advanced equipment required for EVs is expected to propel industry growth.
• This aerospace segment is expected to expand at a lucrative CAGR of 4.4% over the forecast period owing to the increase in demand for this process for several aerospace components such as spacecraft and satellites. Supportive government policies such as the implementation of FDI in the aerospace and defense sectors fueled the entry of foreign manufacturers through public and private partnerships boosting the industry growth.

Heat Treating Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

COVID-19 has prompted market participants to take steps to secure their future. Implementing automation to ensure uniformity in their operations and boost production and efficiency is one of them. Furthermore, increasing demand for customizations is expected to transform the conventional processes.

Companies operating in the market are focusing on using sustainable technologies to reduce environmental impact. They are focusing to reduce energy consumption and pollutant emission. This has led to a significant change in the heating process and is expected to positively impact the industry growth over the forecast period. Some prominent players in the global heat treating market include:

• Bluewater Thermal Solutions LLC
• American Metal Treating Inc.
• East-Lind Heat Treat Inc.
• General Metal Heat Treating, Inc.
• Shanghai Heat Treatment Co. Ltd.
• Pacific Metallurgical, Inc.
• Nabertherm GmbH
• Unitherm Engineers Limited
• SECO/WARWICK Allied Pvt. Ltd.
• Triad Engineers

Order a free sample PDF of the Heat Treating Market Intelligence Study, published by Grand View Research.

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:

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

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Physical Vapor Deposition Industry Overview

The global physical vapor deposition market size is expected to reach USD 28.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2021 to 2028. The sustained growth for PVD in microelectronics and medical equipment is expected to boost the demand for PVD (Physical Vapor Deposition) over the forecast period.

The COVID-19 pandemic resulted in a severe disruption of the supply chain leading to raw material unavailability along with labor shortage for the electronics industry. The halting of ongoing production of electronics decreased the demand for thin-film coating using the PVD during the pandemic in 2020.

The sputtering technology in PVD has a number of advantages over other technologies which include higher packing densities and better adhesion. Moreover, sputtering can be carried out over a greater number of metals such as alloys and mixtures which is expected to increase the demand for sputtering systems over the forecast period.

Physical Vapor Deposition Market Segmentation

Grand View Research has segmented the global physical vapor deposition market on the basis of category, application, and region:

Based on the Category Insights, the market is segmented into PVD Equipment, PVD Materials, and PVD Services.

• The PVD equipment segment led the market and accounted for the largest revenue share of 59.7% in 2020. Surface coating companies are focusing on reducing their carbon footprint and are in need of environmentally friendly processes, which is one of the benefits of physical vapor deposition and as a result positively impacting the market.
• Physical vapor deposition coating is achieved with the help of quality equipment that helps to streamline the process. Manufacturers have been developing application-specific equipment mainly for automotive components, decorative coatings, large dies & broaches, and high estimates tool coatings due to which the demand for physical vapor deposition is expected to boost over the forecast period.
• The PVD services segment is estimated to witness a CAGR of 6.7% from 2021 to 2028, in terms of revenue. Coating companies are offering PVD coating services which are in demand as PVD equipment is expensive. Moreover, PVD requires skilled operators which coating companies can provide. This is expected to increase the PVD services demand over the forecast period.

Based on the Application Insights, the market is segmented into Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment, and Others.

• Physical vapor deposition (sputtering) is used in the production of a magnetic disk that is a key component of hard disk drives. Increasing digitization and the introduction of big data, artificial intelligence, and the internet of things have resulted in an increase in demand for data storage. The aforementioned factors are expected to augment the demand for PVD in data storage.
• The microelectronics segment led the market and accounted for the largest revenue share of over 37.5% in 2020 on account of the increasing demand for physical vapor deposition in packaging materials, including microelectromechanical systems in wireless and photonics applications. The demand for physical vapor deposition in microelectronics is likely to increase as PVD coating allows the coated material to integrate with a wide range of applications.
• PVD coating helps in sharp edges and cutting applications such as end-milling, threading and drilling, where demand for tough cutting edge is relatively high. The use of physical vapor deposition coatings on cutting tools reduces wear and pick up of the tool, reduces the cycle time of the tool, and reduces the need for cutting fluid that, in turn, is anticipated to drive the PVD application market over the forecast period.
• PVD is one of the most appropriate technologies for providing a wear-resistant, hard coating on medical devices and surgical instruments. The demand for thin-film coatings in performance improvement of dental and orthopedic implants, biomaterials, and Bio-MEMS is expected to boost the demand for physical vapor deposition in medical equipment over the forecast period.

Physical Vapor Deposition Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

PVD equipment manufacturers are focusing on developing advanced machinery which can deliver output with less cost and better efficiency. In August 2020, Advanced Energy Industries, Inc. introduced the Ascent multi-output power system which generates less cost as compared to plasma-enhanced chemical vapor deposition systems for photovoltaic cells.

Coating companies have developed a new business model where they offer coating services for PVD. Higher costs and the requirement of skilled operators are some of the factors responsible. As equipment manufacturers develop new systems with advanced technologies, the demand for PVD equipment is likely to increase from coating companies over the forecast period. Some of the prominent players in the physical vapor deposition market include:

• Advanced Energy Industries, Inc.
• AJA International, Inc.
• Angstrom Engineering, Inc.
• Applied Materials, Inc.
• CHA Industries
• Intevac, Inc.
• Denton Vacuum
• OC Oerlikon Management AG
• IHI HAUZER B.V.
• Impact Coatings AB
• KDF Electronic & Vacuum Services Inc.
• Johnsen Ultravac
• Kurt J. Lesker Co.
• Penta Technology (Suzhou) Co. Ltd
• LAM RESEARCH CORPORATION

Order a free sample PDF of the Physical Vapor Deposition Market Intelligence Study, published by Grand View Research.

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:

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

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Intelligent Vending Machines Industry Overview

The global intelligent vending machines market size is anticipated to reach USD 55.52 billion by 2030, registering a CAGR of 13.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. The surge in the demand for self-service technology across Europe and the North American region driven due to automation technology advancement and the rising adoption of contactless vending machines is expected to drive the industry growth over the forecast period. Intelligent vending machines are integrated with technologies such as LCD/touchscreen, gesture- based interaction, cashless systems, telemetry systems, voice recognition, digital signage, and enterprise resource planning (ERP) systems, among others.

These integrated machines enable self-ordering as a convenient activity as of payment a variety of payment methods such as debit or credit cards, mobile wallets, and QR codes, among others. The integration of intelligent vending machines with coming of the age technologies such as IoT,

cloud, smart sensors, voice & face recognition, and central pricing management & real-time sales data analytics enables interaction between the vending machine and the consumer. These advanced features provide intelligence to the intelligent vending machines by analyzing and responding to consumers and offer a superior visual experience with interactive marketing promotions.

The dynamic features of the intelligent vending machine include efficient stock control, predictive maintenance, smart payment options, and multiple payment methods, among others. Post COVID-19 pandemic, the increasing preference of consumers toward cashless payments, is one of the major factors supporting the growth of the intelligent vending machines market. The advancement in mobile payment technologies due to technologies such as Near-field Communication (NFC), has made the payment process a faster, easier, and a contactless process which decreases the cash management costs and reduces the theft & vandalism threats significantly, further promoting the adoption of intelligent vending machines in manufacturing, commercial malls, and commercial offices.

Intelligent Vending Machines Market Segmentation

Grand View Research has segmented the global intelligent vending machines market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Beverages, Snacks, Food, Confections, and Others.

• The snacks category is estimated to emerge as the fastest-growing product sub-segment, registering a CAGR of 14.9% during the forecast period. This is attributed to the increasing focus on healthy products, longer working hours, and innovative new product launches, among others. The food sub-segment is expected to emerge as the largest segment over the forecast period.
• The market demand for food was valued at USD 6.99 billion in 2021 and is predicted to expand at a CAGR of 13.1% during the forecast period. Stringent government regulation to maintain the quality and hygiene of food products is driving the demand from the end-use consumers. A significantly high preference among consumers for instant food items and innovative food products is propelling the demand for the food segment.

Based on the Application Insights, the market is segmented into Manufacturing, Commercial malls & retail stores, Offices, Educational Institutes, and Others.

• The intelligent vending machine market is categorized into manufacturing, offices, commercial malls & retail stores, educational institutes, and others. Offices are the fastest-growing segment of the intelligent vending machine market in 2021 growing at a CAGR of 14.8% during the forecast period. The adoption of intelligent vending machines in avenues such as commercial offices and industrial sectors is gaining traction in recent times due to the growing preference for contactless transactions and ease of use in vending products.
• The adoption of these systems at manufacturing facilities offers several benefits, such as space conservation, cost-effectiveness, and cleanliness. The commercial malls and retail stores are estimated to hold a significant share in the intelligent vending market over the forecast period. The segment occupied 16.5% of the total market share in 2021.

Intelligent Vending Machines Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Industry players are increasingly focusing on adopting inorganic growth strategies by acquiring relatively smaller industry participants and other ecosystem players. For instance, in January 2021, France-based Sodexo acquire U.S.-based Accent Food Services, a fast-growing regional convenience services operation. With this acquisition, Sodexo plans to strengthen its takeout, delivery, and convenience store concepts, multi-channel offerings, including click n’ collect, self-service pantries, office refreshments, micro-markets, and smart vending machines. Market participants are further emphasizing collaborating with other players to expand and optimize their market share. Some of the key players operating in the global intelligent vending machines market include:

• Crane Co.
• Advantech Co. Ltd.
• Bianchi
• Vending Group S.p.A
• Azkoyen Group
• FAS International S.p.A.
• N&W Global Vending S.p.A.
• Rhea Vendors Group
• Westomatic Vending Services Ltd.
• Sanden Corp.
• Seaga, Jofemar
• Royal Vendors

Order a free sample PDF of the Intelligent Vending Machines Market Intelligence Study, published by Grand View Research.

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:

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

Follow Us: LinkedIn | Twitter

Non-alcoholic Beverages Industry Overview

The global non-alcoholic beverages market size is expected to reach USD 1,363.1 billion by 2030, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc., owing to factors such as rising disposable income, population growth, and changing lifestyles. Increasing concerns regarding obesity and health awareness are expected to trigger the growth of low-sugar carbonated drinks, tea & coffee, and bottled water.

Brands globally have been innovating new products with new flavors and premium flavors in product categories, such as carbonated beverages, bottled water, and tea & coffee, which would further support the category growth.

For instance, in May 2021, Danone S.A. launched the first flavored and sparkling line from its Evian bottled water brand in the U.S., available in four flavors such as Raspberry & Ginseng, Lime & Ginger, Grapefruit & Basil, and Cucumber & Mint.

In terms of product, the bottled water segment is expected to be the fastest-growing segment during the forecast period.

Product launches in this segment by key players in the market are likely to supplement the overall segment growth. For instance, in July 2020, Dutch-based brand Bottle Up launched its product offering in the U.K. with its pre-filled, reusable, BPA-free, and plant-based water bottles. The bottles would be available in 438 WHSmith locations across U.K., including the train station and airport locations, such as Manchester Piccadilly, Euston, Heathrow, Luton, Waterloo, Victoria, and several hospitals.

Non-alcoholic Beverages Market Segmentation

Grand View Research has segmented the non-alcoholic beverages market based on product, distribution channel, and region:

Based on the Product Insights, the market is segmented into Carbonated Soft Drinks, Bottled Water, Tea & Coffee, Juices, and Others.

• The bottled water segment held the largest market share in 2021 and is expected to maintain its dominance during the forecast period. Rising consumer consciousness toward the health benefits of consuming bottled water is projected to drive segment growth during the forecast period. An inclination towards bottled water rather than ordinary water, particularly among younger consumers, drives product sales.
• The juices segment is projected to register the second-fastest growth from 2022 to 2030. The rising importance of leading a healthy lifestyle is expected to boost the product demand. Furthermore, new product launches by key manufacturers, such as Tropicana and The Coca-Cola Company, are projected to drive the market growth.

Based on the Distribution Channel Insights, the market is segmented into Food Service, Retail, Hypermarkets & Supermarkets, Online, and Others.

• The retail distribution channel made a larger contribution to the global market in 2021. The retail channel includes hypermarkets & supermarkets, online, and other channels. Supermarkets & hypermarkets in the sub-category hold the maximum share due to the availability of a wide range of brands and products under one roof.
• The online distribution channel is anticipated to grow at a higher CAGR during the forecast period. New entrants in the market are launching products through e-commerceplatforms such as Amazon, Walmart, and more due to ease in entry barriers on this platform. 

Non-alcoholic Beverages Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The industry is highly competitive, owing to many small and big players. Product differentiation is a crucial factor in this industry, which is driving research and innovation activities. Rapidly changing technology coupled with demanding customers results in pressure for product augmentation and new product development. Companies are spending heavily on research for developing new products to meet standards and regulations imposed across the regions. Product line stretching and extension has been a significant factor in achieving success in this industry.

In the case of consumer goods, switching cost for the customers is meager, which means companies need to engage their customers through valued offerings with efforts to develop customer experience by creating more customer-centric organizational culture. Apart from a quality product, promotion is one of the crucial processes in improving brand recognition. Companies operating in this market are heavily spending on promotional activities, trying to create a unique brand image that provides a competitive edge over others.

Some of the key players operating in the global non-alcoholic beverages market are:

• Nestlé
• PepsiCo
• Unilever
• Keurig Dr Pepper Inc.
• The Coca-Cola Company
• Cott Corporation
• Danone S.A.
• SUNTORY BEVERAGE & FOOD LIMITED
• Asahi Group Holdings, Ltd.
• Red Bull

Order a free sample PDF of the Non-alcoholic Beverages Market Intelligence Study, published by Grand View Research.

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:

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

Diesel Generator Industry Overview

The global diesel generator market size is expected to reach USD 38.53 billion by 2030, escalating at a compound annual growth rate (CAGR) of 8.5% during the forecast period, according to a new report by Grand View Research, Inc. Proliferating demand for emergency power backup and stand-alone power generation systems across several end-use industries including manufacturing & construction, telecom, chemical, marine, oil & gas, healthcare, and others are likely to strengthen the market growth during the forecast period.

Rapid industrialization, infrastructure development, and continuous population growth are among the major factors driving global power consumption. Rising penetration of electronic device load across various commercial scale structures such as data centers has resulted in the higher deployment of diesel generators in order to prevent disruption of daily business activities and provide uninterrupted electricity supply during sudden power outages.

Diesel generator set manufacturers adhere to several regulations and compliances regarding the safety, design, and installation of the system. For instance, the Gen-set should be designed in facilities certified to ISO 9001 and be manufactured in facilities certified to ISO 9001 or ISO 9002, with the prototype test program authenticating the performance reliability of the gen-set design. Certifications from leading organizations such as the U.S. Environmental Protection Agency (EPA), CSA group, Underwriters Laboratories, and International Building Code are expected to enhance the product marketability over the forecast period.

Diesel Generator Market Segmentation

Grand View Research has segmented the diesel generator market based on power rating, application, and region:

Based on the Power Rating Insights, the market is segmented into Low Power, Medium Power, and High Power.

• The low power generator segment accounted for a significant market revenue share of 43.71% in 2021 owing to the presence of a wide application base in commercial and residential sectors. Generators with a capacity below 80 kW are used as power backup solutions in residential homes to power devices such as water pumps, water purifiers, AC units, geysers, and others.
• The high power generator segment is expected to attain a significant growth rate during the forecast period owing to its rising demand in power, manufacturing, and marine industry, where there is a huge requirement for continuous power supply. High-power diesel generators are installed for power generation and distribution across off-grid remote areas, as it is not economically feasible to supply direct grid power to several remote places.

Based on the Application Insights, the market is segmented into Industrial, Commercial, and Residential.

• The commercial application segment occupied the largest market revenue of USD 8.46 billion and is projected to register a substantial growth rate during the forecast period. The high growth rate can be attributed to the wide application scope including several industries such as data centers, government centers, educational institutions, healthcare, hospitality, telecom, agriculture, and others.
• The industrial diesel generator segment accounted for the second-largest market revenue share of USD 6.61 billion in 2021. The segment includes the manufacturing and construction sector, electric utilities, mining, transport & logistics, and oil & gas sector, these sectors draw huge product demand citing their heavy power consumption operations.
• The residential segment is expected to witness significant growth over the forecast period on account of rising customer awareness, growing load demand on the primary grid, and a growing number of power failures, which are among the critical factors propelling the product demand across the residential sector.

Diesel Generator Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Major industry participants are practicing several organic and inorganic strategic growth initiatives in order to expand their service portfolio and enhance their foothold in the market. Some of the prominent market players in the global diesel generator market include:

• AKSA power generation company
• Atlas Copco AB
• Caterpillar
• Cummins Inc.
• Doosan Portable Power
• Generac Power System Inc.
• Honda India Power Products Ltd.
• Kohler Co.
• Rolls-Royce plc
• Wartsila Corporation
  

Order a free sample PDF of the Diesel Generator Market Intelligence Study, published by Grand View Research.

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:

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

Energy Storage Systems Industry Overview

The global energy storage systems market demand is expected to reach 512.41 GW by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.0% from 2022 to 2030. Growing demand for efficient and competitive energy resources is likely to propel market growth over the coming years. Clean & renewable energy is an affordable alternative to fossil fuel-based electricity. Its use can help curb the overdependence on fossil fuels, reduce greenhouse gas emissions & subsequently air pollution, and diversify power supply.

The pumped storage segment led the market in 2021.The pumped hydro technology segment dominated the market and accounted for more than 95.0% of the total market share, in terms of storage volume in 2021.The market is likely to be boosted by ongoing expenditures in the Asia Pacific and North America to upgrade energy infrastructure and increase on-grid capacity. Long-term demand for pumped hydro storage (PHS) is predicted to be driven by favorable compliance regulations and rising electricity consumption in China and the United States.

Over the projection period, the electrochemical storage segment is expected to grow at a CAGR of over 14.0%. Countries such as the United Kingdom, the United States, and India are expected to drive electrochemical storage demand. Countries in Middle East and Africa and Central and South America are expected to drive market growth over the long term.

Energy Storage Systems Market Segmentation

Grand View Research has segmented the energy storage systems market based on technology and region:

Based on the Technology Insights, the market is segmented into Pumped Hydro, Electrochemical Storage, Electromechanical Storage, and Thermal Storage.

• The pumped hydro technology segment dominated the market and accounted for more than 95.0% of the total market share, in terms of storage volume, in 2021. The global market has been further divided into (Pumped Storage, Electrochemical Storage, Electromechanical Storage, and Thermal Storage).
• The electrochemical storage segment is expected to grow at a CAGR of over 14%. Countries such as the United Kingdom, the United States, and India are expected to drive electrochemical storage demand. Countries in the Middle East and Africa and Central and South America are expected to drive thermal storage demand over the long term.
• Thermal Energy Storage(TES) systems gather and store surplus thermal energy generated by a variety of technologies for later use. Latent, sensible, and thermochemical TES systems are examples of several types of TES systems. Bricks, sand, water, rock beds, air, and concrete are some of the storage mediums employed in sensible heat storage.

Energy Storage Systems Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is characterized by the presence of several key players and a few medium and small-scale regional players. Many of the companies have their own sector that they focus on and have a very high penetration in that sector. For instance, In August 2021, Active Power announced planning a U.S. road trip to bring its containerized POWERHOUSE UPS to users’ doorsteps. Under this strategic initiative, Active Power engineers will be partnering with sales and service partners to deliver a series of live demonstrations around the US to exhibit the POWERHOUSE UPS. The U.S. tour will begin in October and is expected to run through 2022.

Some of the prominent players operating in the global energy storage systems market are:

• Altairnano
• Ecoult
• Electrovaya
• GENERAL ELECTRIC
• Langley Holdings plc
• LG Chem
• Maxwell Technologies, Inc.
• Saft
• Showa Denko Materials Co., Ltd.
• The Furukawa Battery Co., Ltd.

Order a free sample PDF of the Energy Storage Systems Market Intelligence Study, published by Grand View Research.

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:

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

Commercial Drone Industry Overview

The global commercial drone market size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.

UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drones have significantly increased. Drones are expected to emerge as versatile tools, which can transform the existing business operations and help to establish new startups.

Commercial Drone Market Segmentation

Grand View Research has segmented the global commercial drone market based on product, application, end-use, and region:

Based on the Product Insights, the market is segmented into Fixed-wing, Rotary Blade, and Hybrid.

• The rotary blade segment accounted for the largest share of almost 80.0% in terms of volume in 2020 and is expected to continue dominating the market over the forecast period. The demand for rotary blade drones is expected to increase for inspection activities due to their ability to maintain a visual on a single target for a long time and to hover and perform agile maneuvering.
• The hybrid segment is expected to register the fastest CAGR of about 64.0% from 2021 to 2028 in terms of volume. Hybrid commercial drones use the advantages of batteries and fuel combined to maximize their power and efficiency. Additionally, these drones fly for a longer duration with higher payloads even in adverse weather conditions.

Based on the Application Insights, the market is segmented into Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, and Others.

• The filming and photography segment accounted for the largest revenue share of approximately 31.0% in 2020 and is expected to continue dominating the market over the forecast period. Drones are becoming an essential part of professional photography and are increasingly being accepted by photographers to gain a competitive edge.
• The precision agriculture segment is anticipated to register the highest CAGR of over 60.0% from 2021 to 2028, as drones have become one of the critical aspects for managing vital operations of farms. Farmers across the globe are trying to reduce agriculture costs and expand yields. With the help of drones, farmers and agriculture workers can gather farm data, automate redundant processes, and thus maximize efficiency.

Based on the End-use Insights, the market is segmented into Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, and Others.

• The media and entertainment segment accounted for the largest market share of almost 27.0% in 2020 and is expected to continue dominating the market over the forecast period. The applications of drones in media and entertainment are diverse. Filmmakers have started using professional drones for capturing precise frames in the best economical way. The increasing demand from clients and owners for advertising resorts, hotels, tourist spots, public places, and amusement parks through aerial photography is anticipated to boost the segment’s growth.
• The delivery and logistics segment is anticipated to exhibit the highest CAGR of over 60.0% from 2021 to 2028. Drones are set to transform the delivery and logistics sector worldwide due to the emergence of the e-commerce industry. With the growing demand for the swift delivery of goods, drones are increasingly being deployed in e-commerce warehouses for the warehousing of products and delivery of goods.

Commercial Drone Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is consolidated with a few market participants accounting for significant market shares. Drone manufacturers and providers worldwide are developing custom-made industry-specific solutions to effectively address the business needs of their customers. Advancements in drone technologies have made it possible for manufacturers to produce a wide range of models in different sizes, weights, and shapes, which are capable of carrying different sensor payloads, making them useful across a broad application base.

Some of the prominent players operating in the global commercial drone market are:

• DJI
• Parrot Drones SAS
• YUNEEC
• 3D Robotics
• EHANG

Order a free sample PDF of the Commercial Drone Market Intelligence Study, published by Grand View Research.

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:

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

Dashboard Camera Industry Overview

The global dashboard camera market demand is anticipated to reach 121.4 million units by 2028, registering a CAGR of 14.4% in terms of volume, from 2021 to 2028, according to a new report by Grand View Research, Inc. The number of road traffic accidents and theft incidents is continuously increasing across the globe, thereby resulting in the popularity of dashboard cameras. Dashcam footage provides an appropriate understanding regarding the accountability of a crash when the car is involved in an accident or a high-stress event. This can also lower the insurance costs and speed up the insurance claims.

Dashboard cameras are increasingly gaining prominence in commercial fleets after their usage in police vehicles was popularized. Leading companies in the marketplace are considering numerous benefits offered by dashboard cameras and promoting their installation. These cameras can help control the rising insurance costs by offering valuable information in case of hit-and-run cases, accidents, traffic violations, and insurance frauds. With easily installable features and improved technology, it is now possible for commercial fleet companies to safeguard their vehicles.

Dashboard Camera Market Segmentation

Grand View Research has segmented the global dashboard camera market based on technology, product, video quality, application, distribution channel, and region:

Based on the Technology Insights, the market is segmented into Basic, Advanced, and Smart.

• The dashboard camera market is segmented into basic, advanced, and smart. The basic dashboard camera segment witnessed the highest demand in 2020, accounting for over 69.0% of the market share. Easy installation and low cost of these devices are anticipated to boost the growth of this segment. The demand for basic dashboard cameras is expected to reach over 81.0 million units by 2028.
• The smart dashboard camera segment is expected to register the highest CAGR of almost 16.0%, in terms of revenue, from 2021 to 2028. The increasing demand for advanced driver assistance functionalities, including blind-spot detection, lane departure warning systems, and collision avoidance systems, is expected to create significant opportunities for segment growth over the forecast period.

Based on the Product Insights, the market is segmented into 1-Channel, 2-Channel, and Rear View.

• The 1-channel segment dominated the market in 2020 and accounted for a revenue share of over 73.0%. It is expected to continue to dominate the market over the forecast period. The 1-channel dashboard cameras, commonly known as single channel, are mounted on the vehicle’s dashboard or windshield to display and record the road ahead of the vehicle. This product type only records the view in front of the dashcam.
• The rear-view segment is expected to register the highest CAGR of almost 17.0%, in terms of volume, from 2021 to 2028. The demand for these dashboard cameras is anticipated to reach more than 20.0 million units by 2028. These dashcams enable maneuvering of the vehicle during low speed, primarily during parking or slow curb side driving. Leading vendors in the marketplace are introducing advanced rear-view dashcams featuring a real-time reverse view with parking assist lines.

Based on the Video Quality Insights, the market is segmented into SD & HD, and Full HD & 4K.

• The SD and HD segment dominated the market in 2020 and accounted for a revenue share of over 61.0%. The segment is poised to continue leading the market over the forecast period. These cameras record low-resolution videos, enabling the device to record long-duration videos in limited memory capacity. The market demand for SD & HD dashboard cameras is estimated to reach over 83.0 million units by 2028.
• The full HD and 4K segment is anticipated to register the highest CAGR of more than to 15.5%, in terms of volume, over the forecast period. Full HD & 4K dashboard cameras feature the capability of recording video footage at a substantially high quality, which could be regarded as admissible evidence by police, legal authorities, and insurance companies.

Based on the Application Insights, the market is segmented into Commercial Vehicle, and Personal Vehicle.

• The personal vehicle segment accounted for the largest revenue share of more than 65.0% in 2020 and is expected to register the highest CAGR from 2021 to 2028. There is a significant demand for dashboard cameras in personal vehicles owing to the growing awareness of the benefits of dashcams and the presence of standard laws and regulations regarding road safety across the globe.
• The commercial vehicle segment is anticipated to register a considerable CAGR of more than 12.0%, in terms of revenue, from 2021 to 2028. The demand for dashboard cameras across commercial vehicles is anticipated to increase as recordings from these devices are critical in monitoring driver behavior, reducing accidents, and reducing fake accident claims.

Based on the Distribution Channel Insights, the market is segmented into Online, and In-store.

• The in-store segment accounted for the largest revenue share of more than 62.0% in 2020 and is expected to continue to dominate the market over the forecast period. A retail store provides customers with a demonstration of the device, enabling them to try and test before making the purchase.
• The online segment is expected to register the highest CAGR of 14.0%, in terms of revenue, from 2021 to 2028. The factors driving the purchase of dashboard cameras via online platforms include discounted prices and comparison options for dashcams with similar features.

Dashboard Camera Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

A majority of established dashboard camera vendors are based in the Asia Pacific region and very few of them are based in North America and Europe. The market in the Asia Pacific region is saturated, whereas North America offers a high scope for expansion if proper awareness is created through organized marketing campaigns. The presence of local suppliers across the globe is affecting the profitability of the prominent market players, which is expected to increase the competitive rivalry among the market players.

Some of the prominent players operating in the global dashboard camera market include:

• ABEO Technology
• Garmin Ltd.
• Pittasoft Co. Ltd.
• Falcon Zero LLC
• Panasonic Corporation
• Cobra Electronics Co
• DOD TechDJI

Order a free sample PDF of the Dashboard Camera Market Intelligence Study, published by Grand View Research.

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:

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

Operating Room Integration Industry Overview

The global operating room integration market size is anticipated to reach USD 4.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.3% from 2022 to 2030. Increasing redevelopment projects and the adoption of advanced healthcare IT solutions in hospitals is a major factor boosting the market growth. Operating Rooms (OR) are increasingly becoming complex and congested due to the requirement of devices during surgeries such as surgical lights, operating tables, and surgical displays. Integrated Operating Rooms (I-ORs) are becoming a solution for this complexity in ORs.

Though digitization was now high on the agendas of most companies, the COVID-19 pandemic speeded up the paradigm shift towards digitization in 2020. Besides, the trend toward digital ORs was also quickened up by the pandemic. Thus, the COVID-19 crisis created new opportunities to innovate and new ways to create value in the evolving healthcare world. For instance, in March 2021, Olympus has introduced EASYSUITE, a next-generation OR integration solution, in the EMEA area. EASYSUITE features video management and routing, medical content management, procedure recording, and virtual collaboration. As a result, with the introduction of EASYSUITE, the company promoted digitalization in surgery and boosted its position in the EMEA territory.

The use of video communication solutions has increased during COVID-19, in response to restrictions on travel, to lower the risk of cross-infection and ensure continuous education of surgeons in training. According to a June 2020 article published in Wiley Online Library, Microsoft Teams and Zoom were used for live surgical training teleconferencing at the National University of Malaysia to comply with government protocols during the COVID-19 pandemic. The teleconferencing solution enabled webinar lectures, surgery case-based discussions, viva voce examination, and journal critique exercises. In such unprecedented conditions, teleconferences, online learning, and webinars can be advantageous for surgical education and assessments.

Operating Room Integration Market Segmentation

Grand View Research has segmented the global operating room integration market by component, device type, application, end use, and region:

Based on the Component Insights, the market is segmented into Software, and Services.

• The software segment dominated the market for operating room integration and accounted for the largest revenue share of over 54.0% as of 2021, owing to various benefits associated with its use. These integrated software solutions offer seamless communication within various systems operational in OR to streamline surgical workflows and ensure ease of use and effective operation.
• The program uses holographic technology and allows customers to visualize how the company’s surgical equipmentand displays will operate in ORs. Such types of initiatives to promote integrated OR technologies are anticipated to boost the adoption of integrated ORs in the near future. Growing demand for support and maintenance services, owing to cost-effectiveness, and well-trained and experienced technicians are expected to boost segment growth over the forecast period.

Based on the Device Type Insights, the market is segmented into Audio Video Management System, Display System, and Documentation Management System.

• The documentation management systems segment accounted for the largest revenue share of over 36.0% in the market for operating room integration in 2021 owing to its wide applications in ORs. This system helps in managing all the records from various sources and presents them on a single platform to help surgeons with patients’ history and other necessary information during the surgery.
• Operating rooms are increasingly becoming complex and congested with the inclusion of a variety of equipment such as surgical lights, operating tables, and surgical displays. In basic ORs, individual devices are arranged which are pulled or pushed back according to their use, cords and cables are spread all over the room. 

Based on the Application Insights, the market is segmented into General Surgery, Orthopedic Surgery, Neurosurgery, and Others.

• The general surgery segment dominated the market for operating room integration and accounted for the largest revenue share of more than 35.0% in 2021. The increasing number of hospitals adopting MIS technology coupled with the rising number of chronic illnesses and requiring surgical procedures is further fueling the market growth.
• The orthopedic surgery segment is anticipated to witness a lucrative CAGR of around 11.9% over the forecast period due to increasing demand for orthopedic procedures in the coming years.

Based on the End-use Insights, the market is segmented into Hospitals, and Ambulatory Surgical Centers (ASCs).

• The hospital segment dominated the market for operating room integration and accounted for the largest revenue share of over 63% in 2021. This growth is owing to the high penetration of integrated ORs. With the large patient population being exposed to chronic diseases there is a need for I-ORs to reduce the burden on physicians and complexity so that they can efficiently manage their surgical workflow.
• The ambulatory surgical center segment is expected to witness an exponential growth rate in the market for operating room integration over the forecast period. Ambulatory surgery is being increasingly performed in developed countries. The shortage of beds in hospitals and scarce economic resources are expected to boost the growth of this segment.

Operating Room Integration Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The industry is fragmented with a large number of players operating in this sector. The key players are focusing on implementing new strategies such as regional expansion, mergers, and acquisitions, improving their application portfolio through innovation, partnerships, and distribution agreements to increase their revenue share and mark their presence in the market. For instance, in April 2021, Barco launched surgical teleconferencing, telementoring, and teleassistance solution called NexxisLive as a secure cloud-based platform for ORs. While, in April 2021, caresyntax’s digital surgery platform was selected as part of a pilot program by the American Board of Surgery to enhance surgeon certifications with video-based assessments.

Likewise in January 2020, Caresyntax announced the installation of 16 digital ORs in Calvary Adelaide Hospital in South Australia with its digital OR integration platform, PRIME365. These types of initiatives are attributing to the increasing penetration of I-ORs in the coming years. Furthermore, Innovations like these by the established market players focused on introducing integrated OR platform globally is likely to propel market growth. Some of the prominent players in the operating room integration market include:

• Stryker
• Braiblab AG
• Barco
• Dragerwerk AG & Co. KGaA
• Steris
• KARL STORZ SE & CO. KG
• Getinge AB
• Olympus
• Care Syntax
• Arthrex, Inc.

Order a free sample PDF of the Operating Room Integration Market Intelligence Study, published by Grand View Research.

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:

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

Follow Us: LinkedIn | Twitter

Thermal Spray Coatings Industry Overview

The global thermal spray coatings market size is anticipated to reach USD 15.41 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.8% over the forecast period. The global market growth is attributed to the developments in aerospace, automotive, industrial gas turbines, oil & gas, steel, printing, and medical applications. The thermal spray coatings provide electrical/thermal conductivity, enhanced wear resistance, lubricity, chemical resistance, heat resistance, and corrosion resistance to the machine parts. Most of the machine parts are of high value, whose frequent replacement is uneconomical and leads to high costs for the end-user industries.

For example, drilling bits used in mining and offshore drilling operations have to endure the impact of hard terrains and the reaction of undersurface chemicals. The thermal spray coatings provide the required corrosion and wear resistance, which is vital in operations of this magnitude and can expect a growing consumption due to an increase in metal demand from the automotive and electronics sector. Thermal spray coating manufacturers enter into technological collaborations to enhance the current technologies for better market positioning. For instance, in April 2020, ASB Industries collaborated with the University of Nevada and Akron to develop double-layer coatings on magnesium.

Thermal Spray Coatings Market Segmentation

Grand View Research has segmented the global thermal spray coatings market on the basis of product, application, technology, and region:

Based on the Product Insights, the market is segmented into Metals, Ceramics, Intermetallics, Polymers, Carbides, Abradables, and Others.

• The ceramics product segment dominated the global market with a revenue share of more than 31.5% in 2021. Ceramic coatings have excellent adhesion property which helps them adhere to the surface and provide corrosion protection, thermal barrier, dielectric strength, and sliding wear resistance to the coated materials.
• Carbide coatings are used in power, pulp & paper, and the automotive sector components to provide abrasion, adhesion, erosion, and fretting resistance to components. Their high melting point and the ability to maintain strength, hardness, and wear resistance at high temperatures make them suitable for coating gate valves, fixtures, pump housings, and wear plates.
• It is used for coating gas turbine engines for clearance control, which helps in preventing the change in dimensions that occur due to thermal expansion since the rotating assemblies and blades heat up and cool down during operation. Hence it is used in aviation gas turbines, power generation, and gas and steam turbinesas it improves safety and reduces fuel consumption.

Based on the Application Insights, the market is segmented into Aerospace, Industrial Gas Turbine, Automotive, Medical, Printing, Oil & gas, Steel, Pulp & Paper, and Others.

• The aerospace application segment dominated the global market and accounted for the largest revenue share of more than 32.0% in 2021. The parts in an aircraft are prone to degradation owing to particle erosion, hot corrosion, metal-to-metal wear, and fretting.
• The global focus on decarbonization is increasing due to the rising environmental issues arising from coal-fired power plants. This has driven many companies to work to develop power generation systems to develop alternatives to achieve carbon-free power generation.

Based on the Technology Insights, the market is segmented into Cold Spray, Flame Spray, Plasma Spray, HVOF, Electric Arc Spray, and Others.

• The plasma spray technology segment dominated the global market in 2021 and accounted for a revenue share of more than 32.0%. This process provides the advantage of spraying metallic and ceramic materials onto a variety of surfaces with excellent bond strength while minimizing distortion of the substrate on both large and small components offering.
• This technology finds use in corrosion protection, electronics, and the automotive industry due to its compatibility with various alloys, metals, composites, and refractory metals. The cold spray technology application is driven by its development to cover other end-use sectors, contributing to its growth.
• High-Velocity Oxy-Fuel (HVOF) was the subsequent dominating technology in the global market. It is used to restore or improve a component’s properties or geometry, enabling the equipment’s life extension.

Thermal Spray Coatings Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Established players are establishing contracts with major end-user companies to strengthen their market position. For instance, in March 2020, Praxair Surface Technologies, Inc. signed an agreement with Siemens, under which the former company will provide coating services across all Siemens products. Since Siemens has its presence in the aviation, energy, and other industries, this contract can result in strengthening the market position of Praxair Surface Technologies, Inc. Some of the prominent players operating in the global thermal spray coatings market are:

• Praxair Surface Technologies, Inc.
• Höganäs AB
• C. Starck Inc.
• Castolin Eutectic
• Wall Colmonoy Corp.
• Powder Alloy Corp.
• Saint-Gobain S.A.
• Carpenter Technology Corp.
• Fujimi Incorporated
• Durum Verschleiss-Schutz GmbH
• Montreal Carbide Co. Ltd.
• Kennametal Stellite
• Oerlikon Metco
• GTV Verschleißschutz GmbH (GTV Wear Protection GmbH)
• Flame Spray Technologies
• Medicoat AG
• Progressive Surface, Inc.
• TOCALO Co., Ltd.
• American Roller Company, LLC
• Bodycote plc
• Lincoteck Surface Solutions
• John Wood Group PLC
• W. Gartner Thermal Spraying
• Vitta Corporation
• Flame Spray Coating Co.
• Polymet Corporation
• Curtis-Wright Corporation
• Metallisation Ltd
• TST Coatings, Inc.
• Air Products and Chemicals, Inc.
• Metallizing Equipment Co. Pvt. Ltd.
• TWI Ltd.
• Integrated Global Services
• A&A Thermal Spray Coatings
• Thermion
• Precision Coatings, Inc.
• Cincinnati Thermal Spray, Inc.
• Plasma Technology Inc.
• HFW Industries, Inc.
• Racine Flame Spray Inc.
• BryCoat Inc.

Order a free sample PDF of the Thermal Spray Coatings Market Intelligence Study, published by Grand View Research.

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:

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

Follow Us: LinkedIn | Twitter