sustainability – Market Industry Forecast News

Organic Soaps Market Benefits from Online Direct-to-Consumer Brands

The global organic soap market reached USD 385.1 million in 2023 and is anticipated to grow to USD 686.1 million by 2030. This growth reflects a compound annual rate of 8.6% from 2024 through 2030. Expanding consumer consciousness around wellness, rising demand for sustainable, eco-friendly products, and broader availability through diverse distribution channels are driving the upward trajectory.

Key Market Trends & Insights

North America dominates the market with a 32.9% share in 2023, led notably by strong performance in the U.S. By product, solid bar soaps account for a substantial 73.0% of revenue, while offline retail remains key in distribution, capturing 80.5% of sales.

Several factors are fueling growth: influencers and digital marketing have significantly raised awareness of organic ingredients in personal care. Health-conscious consumers increasingly seek products free from parabens, aluminum, and other potentially harmful additives, turning instead to soaps made with plant extracts and natural oils. Fragrances sourced from citrus, lavender, rosemary, and mint appeal to those seeking both sensory and wellness benefits. Sustainability remains an enduring theme—consumers prefer vegan, plant-based formulations and eco-friendly packaging. Additionally, supportive government policies, higher disposable income, and the expansion of e-commerce platforms are enhancing market reach. The shift toward holistic well-being and herbal remedies further cements demand for products that are both authentic and gentle on the skin.

Market Size & Forecast

2023 Market Size: USD 385.1 million
2030 Projected Market Size: USD 686.1 million
CAGR (2024–2030): 8.6%
Leading Region: North America remains the most prominent market as of 2023.

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

Key Companies & Market Share Insight

Several leading players shape the organic soap landscape, employing extensive marketing strategies and forging retail partnerships to broaden their global footprint. These companies are deepening their presence across major markets in Europe and beyond, while also benefiting from investor support to expand product offerings.

A company specializing in sustainable body care—particularly under its well-known SheaMoisture brand—has built a global presence across various categories including hair, skin, and baby care, earned certification for eco-friendly practices, and was acquired by a major consumer goods firm in 2017.

Another brand is celebrated for its handmade, fresh products, ethical sourcing, and extensive global retail footprint, all while prioritizing sustainable packaging and anti–animal testing policies.

Leading Players

The market’s most influential companies include:

Sundial Brands LLC
Lush Retail Ltd.
Osmia
EO Products
Pangea
Brittanie’s Thyme
Davines S.p.A.
Laverana Digital GmbH & Co. KG
Truly’s Natural Products
Beach Organics

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion

The organic soap market is on a strong upward trajectory, growing from USD 385.1 million in 2023 to a projected USD 686.1 million by 2030 at a CAGR of 8.6%. Dominated by bar soaps and offline sales, North America remains the largest regional market. The rise in health awareness, sustainable product preferences, and influencer-driven marketing are powerful growth catalysts. Key brands are capitalizing on these trends through strategic expansion and sustainable credentials. Looking ahead, the convergence of environmental values and personal well-being suggests robust and continued momentum in this space.

browse our blog: https://globalindustryherald.com

Organic Fruits And Vegetables Market Driven by Rising Fitness Enthusiasts

The global organic fruits and vegetables market was valued at USD 76.19 billion in 2023 and is forecast to grow to USD 147.31 billion by 2030, driven by a compound annual growth rate (CAGR) of 9.9% between 2024 and 2030. This growth is fueled by rising consumer awareness around the health advantages of organic products, worries about food safety, environmental concerns, and a stronger focus on healthy lifestyles.

Key Market Trends & Insights

North America emerged as the dominant region — accounting for 41.6% of global revenue in 2023. In the United States, the market is expected to expand at a CAGR of 9.7% from 2024 through 2030.
By product type, organic fruits represented 57.0% of global revenue in 2023, underscoring their prominent role in this market.
Regarding distribution channels, sales via supermarkets and hypermarkets comprised 52.5% of global revenue in 2023.

Market Size & Forecast

2023 Market Size: USD 76.19 billion
Projected 2030 Market Size: USD 147.31 billion
CAGR (2024–2030): 9.9%
North America held the largest share in 2023.

A 2022 survey estimated total organic food retail sales at around EUR 135 billion (approximately USD 146 billion), reflecting growing consumer shifts toward organic alternatives due to perceived health benefits and safety concerns.

Consumers increasingly favor organic berries such as blueberries and strawberries, which are believed to offer higher antioxidant and phytonutrient levels compared to conventional variants.

Environmental sustainability also plays a pivotal role in fueling demand. Organic produce’s adoption of eco-friendly farming – avoiding synthetic pesticides and promoting soil health – is resonating with consumers aiming to minimize environmental impact and support biodiversity.

In the U.S., consumption of fresh organic produce also continues its upward trajectory. During 2020, fresh organic produce sales rose by nearly 11% to reach USD 18.2 billion.

A specialized winter program was launched by a California-based organic importer in late 2022 to provide organic table grapes from Peru during the off-season, bridging gaps in availability when local grape harvests conclude.

Order a free sample PDF of the Organic Fruits And Vegetables Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

The market features a diverse array of participants, from multinational agricultural corporations to regional producers and organic cooperatives. There is notable momentum toward innovation through sustainable farming practices, advances in production technologies, and new organic product offerings.

Examples of farming innovation include precision agriculture, vertical farming, and regenerative methods—all aimed at boosting yields, preserving environmental quality, and nurturing soil vitality.

The industry has also seen consolidation through mergers and acquisitions. A notable example involves a major organic salad producer being acquired by a leading organic food company, enhancing the acquirer’s product range and distribution network.

Regulatory frameworks exert significant influence by establishing standards and building consumer confidence. Certifications such as USDA Organic (U.S.) and the European Union Organic Regulation ensure authenticity by banning synthetic pesticides, GMOs, and chemical fertilizers.
Key alternatives to organic fruits and vegetables include conventionally grown produce, as well as processed or preserved options like canned or frozen offerings. Specialty or exotic fruits not offered in organic form may also serve as substitutes.
Consumers driving demand include those focused on health, those motivated by sustainability, and individuals with dietary preferences such as vegan or plant-based diets.

Key Companies List

Amy’s Kitchen
The Hain Celestial Group
General Mills Inc.
Conagra Brands
Danone S.A.
Driscoll’s, Inc.
SunOpta, Inc.
Del Monte Foods, Inc.
Organic Valley
Dole Food Company, Inc.

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion

In essence, the organic fruits and vegetables market is on a robust growth path, projected to nearly double in size—from USD 76.19 billion in 2023 to an estimated USD 147.31 billion by 2030—driven by consumer demand for healthier, safer, and more sustainable food choices. North America leads the charge, with organic fruits holding a dominant market share and supermarkets/hypermarkets serving as the primary distribution channel. Innovations in agriculture, environmental consciousness, and regulatory assurance underpin industry developments, while established global and regional companies shape competitive dynamics.

browse our blog: https://globalindustryherald.com

U.S. Hydrogen Energy Storage Market Supported by R&D and Pilot Projects

The U.S. hydrogen energy storage market size was estimated at USD 3.17 billion in 2023 and is anticipated to expand at a CAGR of 5.3% from 2024 to 2030. This growth is primarily driven by the country’s accelerating industrialization and the increasing adoption of alternative energy sources. Significant advancements in research and development, along with the construction of large-scale hydrogen storage infrastructure, are expected to propel market growth throughout the forecast period.

Hydrogen energy storage involves storing large volumes of hydrogen using technologies such as solution-mined salt domes, excavated rock caverns, and other geological formations. This stored hydrogen supports various end-use sectors, including transportation, metallurgy, general industry, chemicals, and stationary power applications. With the global expansion of renewable energy, the demand for hydrogen energy systems is also rising, as these solutions help mitigate greenhouse gas emissions. Hydrogen is also vital in oil refining and utility operations.

The industrial sector continues to be a major consumer of hydrogen for applications such as glass production, fertilizer manufacturing, and metal refining. The increasing shift by companies towards sustainable fuel alternatives, such as hydrogen, further contributes to the rising demand. In particular, hybrid melting technologies paired with electric furnace boosting are being adopted to reduce harmful emissions, reinforcing the market’s upward trajectory.

The U.S. remains a leader in renewable energy adoption across industrial, transportation, and power generation sectors. To support hydrogen infrastructure development, the U.S. Department of Energy initiated projects like H2USA, in collaboration with the National Renewable Energy Laboratory (NREL) and Sandia National Laboratories. Furthermore, the Hydrogen Fueling Infrastructure Research and Station Technology (H2FIRST) project, supported by the Fuel Cell Technologies Office, aims to overcome technical challenges and facilitate the development of cost-effective hydrogen fueling stations across the nation. These initiatives are expected to significantly boost the hydrogen energy storage market in the coming years.

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

Key Market Trends & Insights

By Application: The industrial segment led the market with the largest revenue share of 40.56% in 2023.
By Physical State: The solid state segment dominated, accounting for 51.43% of the market in 2023.
By Technology: The material-based segment held the largest share at 40.15% in 2023.

Market Size & Forecast

2023 Market Size: USD 3.17 Billion
2030 Projected Market Size: USD 4.53 Billion
CAGR (2024–2030): 5.3%

Key U.S. Hydrogen Energy Storage Company Insights

The U.S. hydrogen energy storage market is fragmented, featuring a diverse mix of companies at varying stages of innovation and commercialization. Despite ongoing consolidation, major corporations and research institutes continue to push the boundaries of hydrogen storage technology. This dynamic environment reflects the industry’s transition from early-stage R&D to scalable commercial solutions.

Prominent market participants include:

Cummins Inc. – Offers diesel and natural gas generators, along with emission control and power generation systems.
Steelhead Composites, INC. – Specializes in lightweight, high-strength cylinders for hydrogen storage and other energy solutions.
Air Products Inc., Chart Industries, Plug Power, Inc., Worthington Industries, FuelCell Energy Inc., and Bloom Energy Corp. are also key contributors to this evolving market.
Bloom Energy Corp. stands out for its deployment of solid oxide fuel cells that generate electricity using green hydrogen without combustion, delivering reliable and clean power.

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion

The U.S. hydrogen energy storage market is poised for steady growth through 2030, driven by increasing industrial demand, supportive government initiatives, and continuous technological advancements. As industries continue transitioning towards low-emission and sustainable operations, hydrogen is emerging as a vital enabler of clean energy solutions. The growing collaboration between public agencies and private companies is expected to accelerate infrastructure development, making hydrogen a key component of the country’s renewable energy strategy.

U.S. Battery Energy Storage System Market Thrives with Government Incentives

The U.S. battery energy storage system market was valued at USD 711.9 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 30.5% from 2024 to 2030. The increasing use of battery storage systems in industrial sectors to support critical power supply during emergencies, such as grid failures and trips, is a major driver for market growth. Additionally, the growing need for uninterrupted power in data centers and telecommunications is contributing to the rising demand for these systems, as organizations seek to enhance business continuity and operational efficiency.

In the U.S. market, the value chain includes equipment suppliers, battery energy storage manufacturers, and end-use industries. Battery energy storage systems are manufactured using essential components such as batteries, module packs, connectors, cables, and bus bars. Among these, batteries are the most crucial component, forming the core of the system.

The expanding installation of large-scale renewable energy projects across the U.S. is further propelling the adoption of battery energy storage systems. These systems are critical in mitigating the intermittent nature of power generated from solar and wind energy. Moreover, stringent environmental regulations promoting the use of clean energy sources are accelerating the need for off-grid energy storage solutions.

Battery systems are widely used in emergency power supply systems, wind power output fluctuation management, and stand-alone photovoltaic (PV) systems. Their favorable cost-performance ratio, ease of charging, and recyclability make them highly attractive for diverse applications, boosting their demand across various sectors.

Ongoing technological advancements in energy storage are also fueling market expansion. Industry players, such as U.S.-based Power Electronics, are introducing innovative products that combine solar inverters and storage solutions. Moreover, there is increasing interest in alternatives to lithium-ion technology, such as zinc-based systems, particularly in fire-sensitive areas where lithium-ion poses safety concerns.

Battery energy storage systems are gaining traction due to features like rapid recharging, minimal electrolyte waste, and suitability for a wide range of applications including backup, portable, and stationary power. These advantages are expected to drive continued adoption across both commercial and residential sectors.

Order a free sample PDF of the U.S. Battery Energy Storage System Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

By product: The lithium-ion battery segment accounted for 54.9% of revenue in 2023.
By application: The grid storage segment held the largest revenue share, exceeding 44.0% in 2023.

Market Size & Forecast

2023 Market Size: USD 711.9 Million
2030 Projected Market Size: USD 4.4 Billion
CAGR (2024–2030): 30.5%

Key Companies & Market Share Insights

The market remains consolidated, with several dominant players pursuing organic and inorganic growth strategies to expand their offerings and increase market share. Battery manufacturers supply products either directly or via third-party agreements to energy storage system producers, who then tailor assemblies to meet specific end-user needs. The increasing demand for efficient grid management, stable load balancing, and uninterrupted power supply is expected to continue driving robust market growth.

Major U.S. Battery Energy Storage System Companies Include:

General Electric
Hitachi Ltd.
GS Yuasa
Beckett Energy Systems
Exide Technologies
Samsung SDI
Enersys
AES Energy Storage
Imergy Power Systems Inc.
Altair Nanotechnologies Inc.

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion

The U.S. battery energy storage system market is on a strong growth trajectory, driven by the surge in renewable energy installations, rising need for emergency and backup power, and advancements in battery technologies. As regulatory support for clean energy intensifies and industries demand higher energy reliability, battery storage systems will play an increasingly critical role in ensuring grid stability and energy security across the country.

Solar PV Market Driven by Declining Costs of Solar Panels and Installation

The global solar PV market size is expected to reach 604.83 billion by 2030, expanding at a CAGR of 10.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for sustainable energy resources coupled with favorable regulatory policies is expected to drive the market growth over the forecast period.

Supportive regulations involving federal subsidy and incentives expected to be the prime factors impacting the industry growth on a positive note. Europe has been a major market for solar PV owing to the early adoption of the technology in the region owing to high consumer awareness and positive government outlook in the region.

Increasing demand for renewable energy sources owing to rising consumer awareness towards cost benefits associated with the technology is expected to propel growth. Furthermore, depleting fossil fuel resources coupled with the growing demand for durable energy sources is expected to have a positive impact on industry growth.

The technology offers low conversion efficiencies as compared to conventional energy sources including oil and biomass. Furthermore, the solar PV performance gets affected by various factors including the type of raw material used for solar cell manufacturing, availability of sunlight, and solar PV designs which is expected to hamper its growth over the forecast period.

Get a preview of the latest developments in the Solar PV Market! Download your FREE sample PDF today and explore key data and trends

Solar PV Market Report Highlights

On-grid connectivity dominated the market with a revenue share of 73.5% in 2023 and The off-grid segment is expected to register the fastest CAGR over the forecast period
The segment, ground mounted solar PVs held the largest market share in 2023 and Meanwhile, the rooftop segment is anticipated to witness the fastest growth from 2024 to 2030
Asia Pacific accounted for 63.1% of the total market share in 2023, on account of the favorable government regulations and initiatives taken by the government to install clean energy resources in order to curb the prevailing issue of pollution
The major players in the market are investing in R&D activities in order to come up with efficient and high-performance systems in order to tap the rising consumer attention and to compete with the alternative energy resources

Key Solar PV Company Insights

Some key companies involved in the solar PV market include Jinko Solar, Hanwha Group, and RENESOLA, among others.

Jinko Solar is a Chinese solar PV module manufacturing company headquartered in Shanghai. The company is among the leading global solar energy solution providers, specializing in designing, developing, and manufacturing high-efficiency solar photovoltaic (PV) products and energy storage systems (ESS). The company’s product offering includes a wide range of solar modules, including monocrystalline, polycrystalline, and bifacial modules, with varying power outputs and efficiency rates. Jinko Solar’s product portfolio also includes solar cells, solar inverters, and mounting systems, catering to the diverse needs of residential, commercial, and utility-scale solar energy projects. The Tiger Neo series is the company’s latest solar PV module offering, offering enhanced efficiency and 30 years of liner power warranty.
Hanwha Group is a South Korean business conglomerate headquartered in Seoul. The company offers products and services in various industries, such as aerospace, mechatronics, clean energy, materials, retail, finance, and lifestyle services. Through its subsidiary Hanwha Energy Corporation, the company has developed major solar energy projects worldwide, such as Oberon 1A (the U.S.), Laguna (Mexico), Kitsuki (Japan), and Cam Lam (Vietnam). In addition, the Qcells division of the company has established itself as a prominent player in the development of solar PV cells, modules, and energy storage solutions (ESS).

List of Key Players of Solar PV Market

RENESOLA
KYOCERA Corporation
Hanwha Group
REC Solar, Inc.
Jinko Solar
JA SOLAR Technology Co.,Ltd.
First Solar
Wuxi Suntech Power Co., Ltd.
Canadian Solar
Trinasolar
SHARP CORPORATION
SunPower Corporation
Yingli Solar

Gather more insights about the market drivers, restrains and growth of the Global Solar PV Market

Power Rental Systems Market Driven by Increasing Power Outages and Grid Failures

The global power rental systems market size is estimated to reach USD 42.74 billion by 2030, registering to grow at a CAGR of 8.8% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing demand for UPS, along with rapid industrial development across the world, is the main factor boosting the market growth. Growing instances of variable electricity supply generated by small and medium-scale power grids and partial access to the larger transmission network have catalyzed the demand for power rental systems across the manufacturing and utility industries.

Moreover, there is an increasing requirement for an accessible rental unit that can stun the problems linked with power outages and voltage sags. Furthermore, growing awareness related to the profits of subcontracting power equipment is positively impacting market growth. Power rental systems allow their customers to acquire equipment according to their necessities in a cost-effective way.

Besides, the execution of supportive government initiatives to develop airport networks and metros, along with the construction of shopping malls and hotels, is increasing the demand for power rental systems across countries. Factors such as increasing deployment of renewable sources of energy as an alternative power generation source to decrease the carbon emissions and the adoption of natural gas-based electricity generations are expected to boost the market growth.

Growing grid uncertainty, coupled with power spikes at the time of peak demand, is anticipated to be a main driver for the market. Besides, amplified focus towards a decrease in the peak power consumption in order to cut power cost is likely to enhance the growth of the market.

The power rental units are used across various industries as there is a higher demand for continuous power application. Major end-user markets for such rental systems were oil and gas, government and utilities, and construction, which altogether accounted for 64.5% share of the global revenue in 2019. Higher dependence on electricity for day to day operation of such industries is a key booster for considerable usage of power rental systems.

Get a preview of the latest developments in the Power Rental Systems Market! Download your FREE sample PDF today and explore key data and trends

Power Rental Systems Market Report Highlights

Continuous power applications dominated the market and accounted for the largest revenue share of 45.7% in 2024. This growth is attributed to the increasing need for reliable electricity in the oil and gas, construction, and mining industries.
The government and utilities segment led the market and accounted for the largest revenue share of 25.9% in 2024 attributed to the increasing demand for reliable, uninterrupted power supply.
The Asia Pacific power rental systems market dominated the global market and accounted for 38.5% in 2024 attributed to rapid industrialization and urbanization across the region.

Key Power Rental Systems Company Insights

Some of the key players in the market include Aggreko, Herc Rentals Inc., APR Energy, and others. These companies are adopting various strategies to enhance their competitive edge. These include launching innovative products that cater to evolving customer needs, forming strategic partnerships to expand service offerings, and entering agreements that enhance market reach. Furthermore, companies focus on sustainability by integrating renewable energy solutions into their rental services. These strategies aim to improve operational efficiency, meet regulatory requirements, and address the growing demand for reliable and environmentally friendly power solutions across diverse industries.

Herc Rentals Inc. specializes in renting heavy equipment, tools, generators, and pumps, enabling clients to manage their power needs efficiently without the burden of ownership. The company delivers reliable temporary power solutions, including emergency and standby power systems, to support critical operations across numerous sectors while ensuring safety and compliance with industry standards.

APR Energy designs and deploys modular power plants that provide flexible and scalable electricity generation to meet specific customer requirements. The company emphasizes rapid deployment capabilities, effectively allowing clients to address urgent power needs. APR Energy aims to deliver sustainable and efficient power rental solutions supporting global economic growth and infrastructure development by integrating advanced technologies and renewable energy sources into its offerings.

List of Key Players in Power Rental Systems Market

Aggreko
Herc Rentals Inc.
APR Energy
Caterpillar
United Rentals, Inc.
Cummins Inc.
Ashtead Group plc
Atlas Copco AB
Al Faris
Shenton Group
Hertz System, Inc.
Kohler Co.
Bredenoord
HIMOINSA

Gather more insights about the market drivers, restrains and growth of the Global Power Rental Systems Market

Malonic Acid Market Focuses on Regulatory Compliance and Safety Standards

The global malonic acid market size is expected to reach USD 136.2 million by 2030, expanding at a CAGR of 2.9% during the forecast period, as per the new report by Grand View Research, Inc. The market has experienced growth in response to the burgeoning demands of the pharmaceuticals and food and beverage industries.

The rise in population and changing consumer preferences have contributed to an increase in the demand for food additives and pharmaceuticals, thereby raising the demand for malonic acid. Moreover, the newfound awareness regarding the potential advantages of employing plant growth regulators in agriculture has also fueled the need for malonic acid.

Additionally, it is anticipated that the growing number of fire safety standards and regulations developed around the world will fuel market growth. However, growing health and safety concerns, rising pricing for flame retardant products, and rising concerns about hazardous substances are limiting the growth.

Malonic acid has become a vital element in the creation of biodegradable plastic. This latest trend is a result of the growing concern surrounding the use of non-biodegradable plastics and their negative impact on the environment. This shift towards biodegradable plastics is expected to drive up the need for Malonic acid as it serves as a fundamental component in their creation. Projections suggest that the demand for eco-friendly and sustainable plastics will continue to rise, resulting in a surge in product demand.

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

Malonic Acid Market Report Highlights

North America is expected to witness the fastest CAGR of 3.4% from 2023 to 2030, due to rising demand for pharmaceuticals, food additives, and cosmetics industry in North America
Pharmaceutical segment is expected to register the fastest CAGR of 3.8% from 2023 to 2030. Because in the pharmaceutical industry, it is utilized as a precursor in the creation process of drugs such as barbiturates, non-steroidal anti-inflammatory drugs (NSAIDs), and vitamin B1
In 2022, the flavor enhancer segment was the largest application segment, due to the rising demand for flavor enhancers in the food and beverage industry
Prominent global companies are implementing capacity expansions, establishing partnership agreements with distributors, and executing diverse operational strategies to gain a competitive edge in the market
Nacalai Tesque, Inc. are procuring well-known distributors worldwide based on their market reach and presence, augmenting their product placement, and ultimately, broadening their market share within a specific region

Key Companies & Market Share Insights

International corporations are actively pursuing capacity expansions, collaborating with distributors in partner agreements, research & development, and pursuing other effective operational strategies to enhance their competitive edge in the market. For instance,Lygos Inc. made a public announcement in November 2022, detailing their research and development collaborative efforts with Ginkgo Bioworks. The two companies intend to undertake research in two specific programs for around two years, to develop biodegradable formulations and specific products constructed from polymers. Most of the key industry players are integrated across the value chain posing entry barriers for new market players.

List of Key Players in the Malonic Acid Market

Lonza Group
Wuhan Kemi-Works Chemical Co., Ltd.
Shanghai Nanxiang Reagent Co., Ltd.
Columbus Chemical Industries, Inc.
TATEYAMA KASEI co., Ltd
Trace Zero LLC
Medical Chem (Yancheng) Manuf.Co., Ltd.
J&K Scientific Ltd.
Lagos
Hefei TNJ Chemical Industry Co., Ltd.

Gather more insights about the market drivers, restrains and growth of the Global Malonic Acid Market

Industrial Evaporators Market Key Insights: Navigating Emerging Trends

The global industrial evaporators market size is expected to reach USD 28.03 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.
The industrial evaporators industry will be shaped in part by technologies such as machine learning and artificial intelligence (AI). Further automation of vacuum evaporation facilities will be possible through intelligent, AI-based control systems, which will enable real-time monitoring, predictive maintenance, and adaptive operation in response to changing wastewater composition with increased efficiency and less need for human involvement.

The report “Industrial Evaporators Market Size, Share & Trends Analysis Report By Type (Plate Evaporators, Shell & Tube), By Functionality (Falling Film, Rising Film), By End Use (Pharmaceutical, Chemical), By Region, And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly

The primary goal of installing an evaporator is to minimize water consumption, reduce wastewater discharge, and decrease environmental impact. However, selecting an evaporator technology for your process line or new plant can be very difficult because there are many options to choose from. Evaporators are extensively used for the purification of organic chemicals such as natural oils, fatty acids, herbicides, and insecticides. The products in the industrial evaporators market are used to remove liquid from a solution or suspension by heating the liquid to promote evaporation. They are widely used in chemical, pharmaceutical, food and beverage production, and wastewater treatment plants.
As a result of stringent laws and the corporation’s sustainable development philosophy, environmental pollution decreased. The market for industrial evaporators is expected to rise as a result of the growing population, as well as the development of the industrial and infrastructure sectors and an increase in waste generation.

Industrial Evaporators Market Report Highlights:
The plate evaporator type segment led the market and accounted for 62.1% of the global market revenue share in 2023. Plate type evaporators are known for their high heat transfer efficiency, which is achieved through the use of thin, corrugated plates that facilitate effective heat exchange between the heating medium and the product
The mechanical vapor recompression (MVR) segment led the market, accounting for 26.8% of the global market revenue share in 2023. MVR systems are used to minimize energy consumption and reduce carbon footprint in industries such as in food and beverage processing, pharmaceuticals, and wastewater treatment
The industrial evaporators market in Asia Pacific is experiencing substantial growth due to rapid industrialization, increasing population, and rising demand for processed foods and pharmaceuticals

Order your free sample copy of “Industrial Evaporators Market Report 2024 – 2030, published by Grand View Research

Industrial Evaporators Market Segmentation
Grand View Research has segmented the global industrial evaporators market based on type, functionality, end use, and region:
Industrial Evaporators Type Outlook (Revenue, USD Million, 2018 – 2030)
Plate Evaporators
Shell & Tube Evaporators
Industrial Evaporators Functionality Outlook (Revenue, USD Million, 2018 – 2030)
Falling Film
Rising Film
Forced Circulation
Agitated Thin Film
Mechanical Vapor Recompression
Others
Industrial Evaporators End Use Outlook (Revenue, USD Million, 2018 – 2030)
Pharmaceutical
Chemical
Food & Beverage
Pulp & Paper
Wastewater Treatment
Others
Industrial Evaporators Regional Outlook (Revenue, USD Million, 2018 – 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Argentina
MEA
South Africa
Saudi Arabia
UAE

List of Key Players in the Industrial Evaporators Market
GEA Group
SPX Flow
Alfa Laval
Thermal Kinetics
Swenson Technology
Belmar Technologies Ltd.
Veolia
DE DIETRICH PROCESS SYSTEMS
Coilmaster Corporation
ENCON Evaporators

About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

HVAC Systems Market Landscape: Key Segments and Regional Insights Explored

The global HVAC systems market size is anticipated to reach USD 382.66 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.4% from 2024 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

The growing popularity of ductless HVAC(Heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Access the HVAC Systems Market Size, Share & Trends Analysis Report By Equipment (Heat Pump, Air Purifier), By End-use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2024 – 2030

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

HVAC Systems Market Report Highlights

The heat pump equipment segment led the market and accounted for a share of 37.8% in 2023. The demand for heat pumps is experiencing a notable surge driven by a growing emphasis on energy efficiency, environmental sustainability, and a shift toward renewable heating solutions.

The demand for air purifiers is witnessing a robust increase as concerns about indoor air quality and respiratory health grow worldwide. Driven by factors, such as rising pollution levels, allergens, and awareness of airborne viruses, consumers and businesses are increasingly investing in air purification technologies.

Asia Pacific dominated the market and accounted for a revenue share of more than 46.5% in 2023. Rising temperatures and industrial growth in the region will favor demand over the forecast period

Since the outbreak of coronavirus, key players operating in the market are focused on introducing products that can improve the air quality. In February 2020, Havells India Ltd. launched Grande heavy Duty Air conditioner under its brand Llyod. The AC features Catechine coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the room air quality

Order your free sample copy of “HVAC Systems Market Report 2024 – 2030, published by Grand View Research

Key HVAC Systems Company Insights

To increase market penetration and cater to changing technological requirements from various end-uses, such as residential, commercial, and industrial, product manufacturers use a variety of strategies, such as joint ventures, mergers, acquisitions, new product launches, and geographical expansions. Manufacturers are undertaking strategic acquisitions to gain an edge in the industry and increase their geographic presence.

For instance, in May 2023, Carrier Corporation introduced i-Vu Pro v8.5 for upgrading controller firmware, improving serviceability for customers, and reducing downtime of connected HVAC equipment. The latest enhancements are expected to help customers with Internet of Things (IoT) connectivity, robust security, and leading serviceability features. Furthermore, in February 2022, Johnson Controls, Inc. launched commercial rooftop units (RTUs) with series, such as Johnson Controls, YORK, and TempMASTER. These products are certified by the DOE 2023 efficiency standards.

Key HVAC systems Companies:

The following are the leading companies in the HVAC systems market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these HVAC systems companies are analyzed to map the supply network.

Carrier Corporation
Daikin Industries, Ltd.
Fujitsu
Haier Group
Havells India Ltd.
Hitachi Ltd.
Johnson Controls
LG Electronics
Lennox International Inc.
Mitsubishi Electric Corporation
Rheem Manufacturing Company
SAMSUNG
Trane

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Polymer Binders Market Research: Analyzing Trends in the Construction Sector

The global polymer binders market size is expected to reach USD 56.68 billion by 2030, registering a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to increasing urbanization, the construction and automotive industries, public infrastructure development, and innovation in polymer technology, which are expected to fuel the growth.

The global market is experiencing a trend of using lightweight materials to improve fuel efficiency and reduce emissions in several industries, including automotive and aerospace, which is creating opportunities for polymer binders used in composite materials and lightweight components.

The report “Polymer Binders Market Size, Share & Trends Analysis Report, By Type (Acrylic, Vinyl Acetate, Latex, Polyurethane, Polyester), By Form, By Application, By Region, And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly

Moreover, introducing advanced manufacturing technologies such as 3D printing and smart manufacturing can drive demand for innovative polymer binders that increase productivity and compatibility with these technologies.

However, polymer binders market restraints can be volatility in raw material prices, such as petroleum-based products and specialty chemicals. Price fluctuations impact production costs and profit margins, making it difficult for companies to maintain stable pricing strategies.

Polymer Binders Market Report Highlights:

· Based on type, vinyl acetate dominated polymer binders market with a share of over 33 % in 2023 due to wide utilization in several construction applications, including coatings, sealants, and adhesive

· Based on form, the powder segment accounted for the largest revenue share of over 58% in 2023. The powder is helpful in dry mix mortars, as it offers improved workability, adhesion, and durability.

· Based on application, paints & coatings dominated the polymer binders market in 2023 with a revenue share of over 37%. The growth is attributed to coating applications, which provide a range of benefits, such as durability, adhesion, and increased resistance to abrasion.

· North America polymer binders market is expected to grow at a significant rate of 7.4% from 2024 to 2030. The market is witnessing demand for high-performance and environmentally friendly binders across several industries including construction.

Order your free sample copy of “Polymer Binders Market Report 2024 – 2030, published by Grand View Research

Polymer Binders Market Segmentation

Grand View Research has segmented the global polymer binders market based on type, form, application, and region:

Polymer Binders Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 – 2030)

· Acrylic

· Vinyl Acetate

· Latex

· Polyurethane

· Polyester

· Others

Polymer Binders Form Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 – 2030)

· Powder

· Liquid

· High Solids

Polymer Binders Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 – 2030)

· Paints & Coatings

· Adhesives

· Textiles

· Construction

· Others

Polymer Binders Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 – 2030)

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o UK

o Italy

o Spain

o France

o The Netherlands

o Denmark

· Asia Pacific

o China

o India

o Japan

o South Korea

o Indonesia

· Central & South America

o Brazil

o Argentina

· Middle East & Africa

o UAE

o Saudi Arabia

o South Africa

List of Key Players in the Polymer Binders Market

· BASF SE

· Wacker Chemie AG

· OMNOVA Solutions Inc.

· Celanese Corporation

· Arkema

· Dairen Chemical Corporation

· Toagosei Co. Ltd.

· Guangdong Yinyang Environment-Friendly New Materials Co., Ltd.

· Weifang Tainuo Chemical Co., Ltd.

· Mayfair Biotech Pvt. Ltd.

· VINAVIL S.p.A.

· The Lubrizol Corporation

About Grand View Research:

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email: sales@grandviewresearch.com