Non-Destructive Testing Market Size Is Poised To Reach USD 22.9 Billion By 2028: Grand View Research Inc.

San Francisco, 15 June 2021: The Report Non-destructive Testing Market Size, Share & Trends Analysis Report By Test Method (Visual, Magnetic Particle, Liquid Penetrant, Radiographic), By Offering, By Vertical (Manufacturing, Construction, Automotive), And Segment Forecasts, 2021 – 2028

The global non-destructive testing market size is anticipated to reach USD 22.9 billion by 2028, registering a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to witness significant growth over the forecast period. The growth is ascribed to the increasing manufacturing in the developing as well as developed nations.

The use of non-destructive testing (NDT) helps in detecting the faults precisely, reducing the product/component failure probability as well as costs incurred in the repairs of the components. The use of NDT also speeds up the process of manufacturing as the possible faults are eliminated beforehand. The key factor expected to drive the market is the technological advancements in non-destructive testing methods. Improvements in the techniques have ensured deviation-free fault detection and have reduced the complexity involved in the testing procedures considerably.

The ultrasonic testing segment is expected to witness significant growth. This growth is ascribed to the ease of handling the equipment, availability of skilled technicians, and precise fault detection. The manufacturing segment is expected to deploy NDT techniques extensively over the forecast period owing to the increasing awareness regarding their use.

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Non-destructive Testing Market Report Highlights

• The market is expected to exhibit a CAGR of 6.7% over the next eight years owing to a rise in manufacturing-related activities, globally
• The services segment accounted for the largest revenue share of over 73.0% in 2020. The high upfront cost of non-destructive equipment coupled with technical complexities involved in their deployment/installation is the major reason influencing end-users to outsource their non-destructive testing operations
• Rapid industrialization, especially in developing economies has significantly contributed to the growth of the market
• The ultrasonic testing segment is expected to witness a significant CAGR of 7.5% over the forecast period owing to the benefits such as ease of handling and precise results
• The manufacturing vertical segment was the dominant segment in 2020 and is expected to witness a healthy CAGR of more than 7.6% over the forecast period owing to the increased manufacturing activities primarily in Asia Pacific
• North America dominated the market in 2020 and accounted for the largest revenue share of more than 35.0%, owing to the extensive adoption of NDT techniques in the region

List of Key Players of Non-destructive Testing (NDT) Market

• Ashtead Technology Ltd.
• Eddyfi
• Fischer Technologies Inc.
• General Electric
• Nikon Metrology Inc.
• Mistras Group, Inc.
• Olympus Corporation
• Sonatest
• YXLON International GmbH
• Zetec Inc.

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Wires And Cables Market Size Is Estimated To Reach USD 260.16 Billion By 2028: Grand View Research Inc.

San Francisco, 15 Feb 2021: The Report Wires And Cables Market Size, Share & Trend Analysis Report By Voltage (Low, Medium, High, Extra High), By Installation (Overhead, Underground), By End-use, By Region, And Segment Forecasts, 2021 – 2028

The global wires and cables market size is expected to reach USD 260.16 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.4% from 2021 to 2028. Wires and cables are one of the essential components of infrastructure development across the world. The growing emphasis on investments and government initiatives to generate power from renewable sources has enforced the adoption of wires and cables across the globe. Increasing funds in the upgradation of infrastructure and the demand for refined power transmission and distribution systems are the key factors driving the market over the forecast period.

Infrastructure development, modernization, and upgradation of infrastructure such as railways, tunnels, tunnel-lighting and signaling; commercial, residential, and industrial buildings; and implementation of smart grid technology is expected to drive the global market. Sectors such as defense, aerospace, and telecom are moving towards new infrastructure and construction, which increases the demand for cables and wires across the globe. Technological upgrades require various services, such as internet access and communication. Expansions and upgrades will directly increase the demand for cables such as communication cables, instrumentation cables, Ethernet cables, and others.

The government initiatives in rural electrification also play a vital role in the growth of the overall market. Rural electrification entails actions, including setting electricity infrastructure, improving communication, and providing connectivity to households. Rural electrification is anticipated to drive the demand for wires and cables in the coming years. For instance, according to the Ministry of Power – Government of India, 26.3 million homes below the poverty line have been electrified under the Rural Electrification section of Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY). Smart grids diminish the general cost incurred in traditional systems, including the operational cost encountered due to loss of power. It also lowers the pressure on energy prices and total customer bills. The Indian government, under the “Make in India” campaign, has targeted the installation of 130 million smart meters by 2021 under Smart City Initiatives. The installation was done at the consumer base, where the monthly consumption is above 200 units by 2019. There are various steps taken by the government in other countries, such as the U.S., to encourage the smart grid implementation.

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Wires And Cables Market Report Highlights

• The global market accounted for USD 183.14 billion in 2020 and is expected to grow at a CAGR of 4.4% from 2021 to 2028. 
• The extra-high voltage segment emerged as the fastest-growing segment over the forecast period. 
• Overhead emerged as the largest segment in 2020 and is estimated to generate revenue of over USD 165.17 billion by 2028. 
• The Asia Pacific market held the largest share in the market in 2020. Government initiatives such as Make in India and Smart Cities in the region are anticipated to drive the market.
• Key players including Prysmian SpA, Nexans, Belden Inc., LS Cables & System Ltd., Furukawa Electric Co., Ltd., Fujikura Ltd., Sumitomo Corporation, Leoni AG, NKT A/S, among others accounted for the majority share of the overall market in 2020.

List of Key Players of Wires And Cables Market

• Belden Inc.
• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• Leoni AG
• LS Cables & System Ltd.
• Nexans
• NKT A/S
• Prysmian SpA
• Sumitomo Corporation

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Fencing Market is Predicted to Observe a Tremendous Growth, With a CAGR of 5.2% From 2020 To 2027: Grand View Research Inc.

San Francisco, 7 Dec 2020: The Report Fencing Market Size, Share & Trends Analysis Report By Material (Metal, Wood), By Distribution Channel (Online, Retail), By Installation, By Application, By End Use, By Region, And Segment Forecasts, 2020 – 2027

The global fencing market size is anticipated to reach USD 41.7 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Growth in remodeling projects and real estate is projected to drive the market over the forecast period. Commercial sectors including academic organizations and industrial premises employ fences to enhance the safety of people and property.

The market is also driven by residential renovations and new construction projects. Security needs and transportation construction investments are also expected to drive the market growth. In addition, the requirement of aesthetically appealing and novel property is expected to drive the demand for fencing. Governmental investments for promoting safety and security at public premises and parks further provide fencing industry growth prospects.

Consumer preferences largely depend on the design, cost, quality, and appearance of the fence. Cultivators increasingly opt for fences to protect their livestock and property. Innovative materials that enhance durability at low costs would further add to market profits.

Currently, customers are inclined toward decorating their homes and premises. They also prefer more stylish homes to enhance their social status. Consumers prefer picket fence as it is considered as the most decorative fencing options. Furthermore, fencing improves the curb appeal of the house, thereby creating growth opportunities for the market over the forecast period.

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Further key findings from the study suggest:

• Metal fencing is expected to dominate the market through the forecast period. This is attributed to the increasing demand for high-end ornamental metal fencing in commercial and residential applications
• Numerous vendors are focusing on selling their products on e-commerce platforms as it helps businesses reduce operating costs and increase profit margins, thereby creating growth opportunities for the online segment over the forecast period
• On the basis of fencing installation, the contractor segment accounted for a significant share in 2019 as homeowners prefer contractors since they are more skilled, thereby reducing the chances of mishaps during installation
• The residential application segment is expected to witness lucrative growth over the forecast period. Increasing renovation and construction operations in the residential sector drives the demand for fences
• The agricultural segment is projected to register a significant growth rate over the forecast period owing to the increased adoption of fencing for protecting farms, livestock, and crops from trespassers and wild animals
• Increasing adoption of fencing products in government residential buildings, embassies, and VIP residences drives the government segment
• The Asia Pacific fencing market is expected to witness an increased demand for fences in agricultural applications. This is attributed to its evolving agricultural sector, especially in emerging countries such as India and China
• The market is characterized by intense competition with a highly fragmented market structure. It is led by several local manufacturers that meet consumer needs by offering cost-efficient products
• Key market participants include Gregory Industries, Inc.; Long Fence Company Inc.; Betafence NV; Jerith Manufacturing Company Inc.; Ply Gem Holdings Inc.; Poly Vinyl Creations Inc.; Allied Tube & Conduit; Ameristar Fence Products Incorporated; Associated Materials LLC; Bekaert; and CertainTeed Corporation

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global fencing market on the basis of material, distribution channel, installation, application, end use, and region:

Fencing Material Outlook (Revenue, USD Million, 2016 – 2027)

• Metal
• Wood
• Plastic & Composite
• Concrete

Fencing Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)

• Online
• Retail

Fencing Installation Outlook (Revenue, USD Million, 2016 – 2027)

• Do-It-Yourself
• Contractor

Fencing Application Outlook (Revenue, USD Million, 2016 – 2027)

• Residential
• Agricultural
• Industrial

Fencing End-Use Outlook (Revenue, USD Million, 2016 – 2027)

• Government
• Petroleum & Chemicals
• Military & Defense
• Mining
• Energy & Power
• Transport
• Others

Fencing Region Outlook (Revenue, USD Million, 2016 – 2027)

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

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Excavator Market Likely To Touch At USD 56.46 Billion By 2025: Grand View Research Inc.

San Francisco, 2 Dec 2020: The Report Excavator Market Size, Share & Trends Analysis Report By Product (Crawler, Wheeled, Mini/Compact), By Application (Construction), By Region, Competitive Landscape, And Segment Forecasts, 2018 – 2025

The global excavator market size is anticipated to reach USD 56.46 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.7% during the forecast period. Surging demand for excavators among construction equipment operators for excavating, grading, and site preparation is the key factor bolstering the growth of the market.

Demand for wheeled excavators is likely to grow over the forecast period owing to the increasing development of urban infrastructure, roads and highways, and the mining sector. Wheeled excavators are mainly used in urban areas and projects such as smart cities and megacities are boosting their demand. The wheeled excavators segment is projected to post a CAGR of 6.5% over the forecast period.

The construction application segment held the largest share in the excavator market in 2016 and is poised to cross the mark of USD 35 billion by 2025. Investments by governments in construction and upgradation of existing infrastructure are one of the primary growth stimulants for the segment. Excavators are used in construction for digging trenches, holes and foundations, demolishing buildings, material handling and lifting, grading, and landscaping. Depending on size and attachments, their capabilities vary from handling heavy jobs or smaller jobs.

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Further key findings from the report suggest:

• Mini/Compact excavators emerged as the largest segment in 2016 and is estimated to generate revenue over USD 11.43 billion by 2025
• The other excavators segment is expected to witness moderate growth over the coming years. The segment includes long reach, dragline, walking, bucket-wheel, suction, and steam excavators
• The excavator market for other applications such as mining, utility, and agriculture is anticipated to reach USD 21.42 billion by 2025
• The Asia Pacific market is likely to witness substantial growth over the next decade. The regional market is projected to progress at a CAGR of 5.1% from 2017 to 2025
• Key players including Caterpillar, Komatsu, and Liebherr dominated the market, accounting for a sizeable share in the overall market in 2016.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

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

Excavator Application Outlook (Revenue, USD Billion, 2014 – 2025)

• Construction
• Others

Excavator Product Outlook (Revenue, USD Billion, 2014 – 2025)

• Crawler
• Wheeled
• Mini/Compact
• Others

Excavator Regional Outlook (Revenue, USD Billion, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of Excavator Market @ https://www.grandviewresearch.com/press-release/global-excavator-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Abrasive Blasting Nozzle Market Size Is Projected To Reach USD 267.4 Million By 2027: Grand View Research Inc.

San Francisco, 16 Nov 2020: The Report Abrasive Blasting Nozzle Market Size, Share & Trends Analysis Report By Nozzle Type (Venturi Nozzle, Straight Bore Nozzle, Wide Throat Nozzle), By Material, By Bore Size, By End Use, By Region, And Segment Forecasts, 2020 – 2027

The global abrasive blasting nozzle market size is anticipated to reach USD 267.4 million by 2027, exhibiting a CAGR of 4.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. The increasing adoption of abrasive blasting machines for cleaning, repairing, and surface finishing, among other applications, is expected to drive the market growth. Construction projects being aggressively pursued, particularly in developing economies, such as India and Brazil, are also expected to contribute to the growth.

Additionally, the key companies are developing nozzles that reduce the lifetime healthcare costs, OSHA noise citations, incidents of worker hearing damage, and enhance workplace productivity. Vendors are particularly focusing on using advanced materials to develop light-weight nozzles as part of the efforts to reduce the overall operator fatigue and enhance workplace productivity. Vendors are also employing proprietary technologies to reduce the exit velocity while effectively maintaining the particle velocity, thereby reducing the noise levels at the source without compromising with productivity.

Abrasive blasting nozzles are being used for diverse applications as different types, such as venturi nozzles that offer high abrasive velocity, angled nozzles that are ideal for compact spaces, and straight bore nozzles that are suitable for close-range spot blasting, are introduced in the market. The ability to blast nozzles to ensure consistent surface finishing is expected to open significant opportunities in the market over the forecast period. For instance, blasting nozzles are increasingly being used for sandblasting operations on automobiles to strip-off paint, rust, grease, and oil.

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Abrasive Blasting Nozzle Market Report Highlights

• The carbide tip segment accounted for the largest share of approximately 57% in 2019 and is expected to dominate the market over the forecast period
• The marine segment emerged as the highest revenue-generating segment in 2019 and was valued at approximately USD 64 million
• Harder materials offer better wear resistance but incur high replacement costs and are susceptible to cracks under rough handling
• Distributors and suppliers are offering a myriad of abrasive blasting nozzles at competitive prices and are also guaranteeing efficient delivery
• End users are making buying decisions on the basis of the shape, orifice, abrasive velocity, and material of the nozzle as well as the blasting surface
• The popularity of nozzles complying with the ISO and OSHA, among other standards and codes, is increasing

List of Key Players of Abrasive Blasting Nozzle Market

• Kennametal Inc.
• Clemco Industries Corporation
• Marco Group International
• Graco Inc.

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Heat Exchanger Market Size Worth $ 25.5 Billion By 2027: Grand View Research Inc.

San Francisco, 11 Nov 2020: The Report Heat Exchanger Market Size, Share & Trends Analysis Report By Product (Plate & Frame (Brazed, Gasketed, Welded), Shell & Tube, Air Cooled), By End Use (Chemical, Power Generation), By Region, And Segment Forecasts, 2020 – 2027

The global heat exchanger market size is anticipated to reach USD 25.5 billion by 2027, expanding at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Growing demand for energy in HVAC and refrigeration, power generation, and chemical industries, especially in developing economies including India, Brazil, and China anticipated to complement the market.

Energy infrastructure expansion coupled with increasing demand from the power generation sector is projected to drive the market. The market is characterized by technological innovation along with a rising focus to improve efficiency standards. These factors are likely to lower total ownership costs and increase the durability and efficiency of the exchangers over the coming years.

Heat exchangers are used in the manufacturing of chemicals in the chemical industrial production. In an industrial process, the device is used for cooling, heating, and mixing a substance at a temperature. The rapid expansion of the chemical industry is expected to act as a major factor in steering market growth.

The industry rivalry is expected to be high over the forecast period owing to the presence of numerous competitors of equal size and market share. The market is fragmented in nature with many major companies. Generic strategies employed by these companies include production capacity expansion and new technology innovation.

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Heat Exchanger Market Report Highlights

• The shell and tube segment accounted for the market share of 35.9% in 2019 on account of increasing demand of product in numerous end-use industries including chemical, power generation, and oil and gas
• The chemical end-use segment is expected to grow with a robust pace, registering a CAGR of 6.5% from 2020 to 2027 owing to rapid expansion in the chemical industry in Asia specifically in China and India
• In Europe, the market was valued at USD 7.34 billion in 2019 and projected to have a moderate growth over the forecast period owing to growth in the chemical industries and rise in demand of power generation
• Asia Pacific is anticipated to emerge as the fastest growing regional segment accounting for over 30.3% by 2027 owing to the increasing construction activities along with increase in chemical industries and rise in demand for energy in the region
• Key players in the market are focusing on several strategies including new product developments, expansions, partnerships, and joint ventures

List of Key Players of Heat Exchanger Market

• Alfa Laval
• Danfoss
• Kelvion Holdings
• Xylem
• Hindustan-Dorr
• HRS Heat Exchanger Ltd.
• Güntner GmbH & Co. KG
• Hisaka Works Ltd.
• PI Heat Transfer
• SPX Corporation
• Johnson Controls International

Access Press Release of Heat Exchanger Market @ https://www.grandviewresearch.com/press-release/global-heat-exchangers-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Furniture Market Is Predicted To Reach USD 718.3 Billion By 2025: Grand View Research Inc.

San Francisco, 9 Nov 2020: The Report Furniture Market Size, Share & Trends Analysis Report By Material (Metal, Wood, Plastic, Glass), By End Use (Residential, Commercial), By Region (North America, Europe, APAC, MEA), And Segment Forecasts, 2018 – 2025

The global furniture market size is expected to reach USD 718.3 billion by 2025, according to a study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. High demand for branded home furniture coupled with rising spending capacity of consumers on home decor products are some of the driving factors for the growth of this market. Additionally, government initiatives to provide housing for all is also expected to positively impact the growth. For instance, since the last few years, Germany has witnessed immigration of various refugees and migrants resulting in rising demand for housing or shelter. Owing to this, the government of Germany is encouraging public and private developers to build new rental flats to solve the issues like shortage of affordable housing, resulting in a supplementary demand for furniture products.

The commercial segment includes hotels, offices, and other public buildings. It held a market share of more than 30.0% in 2017 and is anticipated to register substantial CAGR over the forecast period. This growth is attributed to extensive industrialization due to expanding development of corporate offices and hotels. For example, India is one of the key countries witnessing an extensive establishment of IT parks.

Furthermore, increasing job opportunities and employment across the globe creates a need for additional office spaces, which subsequently fuels demand for office furniture. This is also a prominent factor expected to bolster growth of the furniture market. Companies are adopting innovative furniture to enhance workforce productivity and to inculcate creativity in workspace. For instance, in March 2017, Microsoft Corporation announced its collaboration with Steelcase. Steelcase offers a diverse range of architecture, furniture, and other technology products. This collaboration was intended to introduce creative and modern furniture in the work space with a view to boost productivity and creative thinking.

Additionally, growing global population has led to a requirement for an increase in the number of schools, colleges, and other educational institutions, resulting in rapid infrastructural growth. The growing demand for furniture from the hospitality industry is also a key factor boosting growth of the commercial segment. Furthermore, rising requirement for furniture from restaurants, coffee shops, and bars, among others is expected to accelerate market growth. Increasing global competition, high cost of raw material processing and labor, and ageing workforce are some of the key challenges likely to hinder market growth.

The residential segment in North America is expected to expand at the highest CAGR over the forecast period owing to the presence of key players offering luxurious interior design products. Consumer inclination towards purchasing luxury furniture can further drive the regional demand. Additionally, increasing adoption of modern furniture and the growing popularity of online distribution channels that offer convenience and time-saving during furniture purchase are anticipated to fuel growth. Furthermore, growing demand for multi-functional products, in addition to the rising awareness about environmental concerns and the use of eco-friendly products are anticipated to gain prominence in U.S.

Middle East is expected to witness significant growth over the forecast period owing to boosming commercial and industrial sectors. The government of Kuwait has invested substantial amount of capital in the construction of public hospitals and other healthcare infrastructure. Additionally, increasing investments from private and public sectors aimed at expansion of commercial and residential construction projects in the country is another factor contributing to market growth.

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Furniture Market Report Highlights

• In 2017, the wood furniture segment accounted for more than 30% market share in terms of revenue attributed to usage of wood in combination with other materials for the production of different furniture products. For instance, objects classified as metals also use wooden components or wood in furniture fittings.
• Middle Eastern and African is also anticipated to witness substantial growth over the forecast period accredited to growing residential and commercial construction industry
• The furniture market is highly fragmented and has an array of players across different regions holding varied market shares. Major players include Herman Miller, Inc.; Kimball International; HNI Corporation; and KOKUYO
• These players engage in partnerships and collaborations with a view to expand their market presence. For instance, in June 2018, HNI Corporation announced partnership with Nowy Styl Group, a Europe-based manufacturer of office furniture and chairs. As a result of this partnership, both companies expect to establish a homogenous support and service network to ensure consistency in client services and solutions.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global furniture market based on material, end use, and region:

Furniture Material Outlook (Revenue, USD Billion, 2014 – 2025)

• Metal
• Wood
• Plastic
• Glass
• Others

Furniture End-Use Outlook (Revenue, USD Billion, 2014 – 2025)

• Residential
  • Kitchen & Dining
  • Living Room
  • Bedroom
  • Outdoor
  • Others
• Commercial
  • Office
  • Hotels
  • Others

Furniture Regional Outlook (Revenue, USD Billion, 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of Furniture Market @ https://www.grandviewresearch.com/press-release/global-furniture-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Cooling Towers Market Size Worth $ 4.85 Billion By 2025: Grand View Research Inc.

San Francisco, 4 Nov 2020: The Report Cooling Tower Market Size, Share & Trends Analysis Report By Type (Open-Circuit, Closed-Circuit, Hybrid), By Material (FRP, Concrete, Steel, Wood, HDPE), By Application, By Region, And Segment Forecasts, 2018 – 2025

The global cooling tower market is expected to reach USD 4.85 billion by 2025, according to a new report conducted by Grand View Research, Inc. Cooling towers are used in power plants, particularly in thermoelectric power plants, to remove excess heat from the plant. With the rising global demand for electricity, the number of power plants is also expected to increase, thereby driving growth of this market.

Furthermore, a tremendous rise in the number of construction activities across the residential and commercial sectors in developing countries is expected to boost the demand for this product. Additionally, rapid global industrialization is also a key driver expected to favorably impact the cooling towers market growth over the forecast period.

Technological advancements \ are expected to provide improved cooling capacity, minimum components, improved installation & energy savings, and low maintenance cost, which is further anticipated to escalate market growth in the near future. Moreover, stringent government regulations relating to the use of cooling towers across different regions is also expected to positively impact market growth.

However, environmental concerns related to cooling towers such as plume, drift, and water contamination are anticipated to moderately hamper the market demand. Nevertheless, the emergence of plume abated towers and drift eliminators is expected to overcome these environmental concerns and drive market growth in the near future.

Energy-efficient towers provide optimal cooling while exhibiting eco-friendly properties. These facilitate in water conservation, provide high-efficiency motors in order to cut down on the operating cost, and reduce environmental concerns. These environmental benefits are also expected to drive the demand for the product.

HVAC systems are generally implemented in commercial spaces, large offices, and shopping malls. Cooling towers are a mandatory component of an HVAC system, which is used to remove excess heat from the building. The increasing rate of urbanization and enhanced standard of living are expected to lead to the large-scale implementation of HVAC systems, thereby driving the market growth globally.

Access Research Report of Cooling Towers Market @ https://www.grandviewresearch.com/industry-analysis/cooling-towers-market

Cooling Towers Market Report Highlights

• The closed-circuit type segment captured over 30% of the total revenue in 2016; however, hybrid type is anticipated to exhibit a substantial growth at a CAGR exceeding 4% from 2017 to 2025. This growth is attributed to their increasing adoption across various end-use industries.
• The Fiber-Reinforced Plastic (FRP) material segment accounted for over 20% of the total market share in 2016. However,High-Density Polyethylene (HDPE) material segment is projected to register a significant CAGR exceeding 5.0% from 2017 to 2025, owing to various benefits including high corrosion resistance, low maintenance cost, and long service life.
• Cooling towers have a wide scope for application in HVAC equipment and power plants due to their ability to remove excess heat. As a result, the HVAC segment is anticipated to capture a sizeable market share over the forecast period.
• Asia Pacific has emerged as the fastest growing market and is expected to witness a healthy CAGR of over 5.0%, which is primarily accredited to the rapid industrialization in this region.
• Key players in this industry include SPX Corporation, Evapco, Hamon & CIE International SA, Paharpur Cooling Towers, B&W SPIG (Babcock & Wilcox), Enexio, and Baltimore Aircoil Company.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the cooling towers market on the basis of types, materials, applications, and regions:

Cooling Towers Type Outlook (Revenue, USD Million; 2014 – 2025)

• Open-Circuit
• Closed-Circuit
• Hybrid

Cooling Towers Material Outlook (Revenue, USD Million; 2014 – 2025)

• FRP
• Steel
• Concrete
• Wood
• HDPE

Cooling Towers Application Outlook (Revenue, USD Million; 2014 – 2025)

• HVAC
• Power Generation
• Oil & Gas
• Industrial

Cooling Towers Regional Outlook (Revenue, USD Million; 2014 – 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of Cooling Towers Market @ https://www.grandviewresearch.com/press-release/global-cooling-towers-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Spray Drying Equipment Market Is Predicted To Observe A Tremendous Growth, At A CAGR 6.8% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.

San Francisco, 7 Oct 2020: The Report Spray Drying Equipment Market Size, Share, & Trends Analysis Report By Cycle (Open, Closed), By Product (Rotary, Nozzle Atomizer), By Stage (Single-, Two-Stage), By Flow, By Application, And Segment Forecasts, 2019 – 2025

The global spray drying equipment market size is estimated to reach USD 7.19 billion by 2025 registering a CAGR of 6.8%, according to a new study by Grand View Research, Inc. Spray drying envisages transforming a liquid, slurry, or semi-solid feed into a dried powder form using hot gas. It is a widely preferred method to dry food materials, pharmaceutical products, and other temperature-sensitive items, such as dairy products. Moreover, rising need to increase the shelf-life of processed food and pharmaceutical products is opening new growth opportunities in the food processing and pharmaceutical industries. Thus, demand from the dairy processing industry for producing milk powder and stabilizing the milk constituents and from the pharmaceutical industry for producing antibiotics is anticipated to drive the market.

The demand for nutrition products including whey protein, mass gainer, egg white protein, casein protein has increased due to rising awareness about leading a healthy lifestyle and to prevent disorders, such as obesity, diabetes, and high BP. This, in turn, has also augmented the demand for dryers from the nutraceutical industry. Increasing demand for resins and polymers in line with the growing usage of synthetics has triggered the demand for drying Suspension Polyvinyl Chloride (S-PVC), Emulsion Polyvinyl Chloride (E-PVC), and other chemicals required for producing building pipes, cable insulations, and hard and soft foils, among others. Demand for spray dryers for industrial purposes is further expected to drive the market from 2019 to 2025.

Growing need for application-specific dryers is also offering new growth opportunities for companies to develop innovative equipment. For instance, the risk of explosion and emission of hazardous gases while drying chemical and pharmaceutical products has led to the development of closed loop dryers. Similarly, the need to process and produce powder particles in bulk quantities is leading to a significant adoption of three-stage equipment. However, high installation and maintenance costs and the inability of spray dryers to process highly-viscous materials, such as starch and fruit pulp, may hinder the market growth over the forecast period.

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Spray Drying Equipment Market Report Highlights

• Demand for three-stage spray drying equipment is expected to increase from 2019 to 2025 due to its benefits, such as high thermal efficiency, low energy consumption ratio, and ability to process bulk production
• North America accounted for the largest market share of more than 30% in 2018 owing to high annual milk production in U.S. as a result of rising demand for powdered milk, infant products, and other nutraceutical products
• Extensive product usage in the pharmaceutical industry for R&D purposes in laboratories is also anticipated to drive the North American regional market over the forecast period
• Changing consumer food preferences and increasing number of installations of food processing plants in emerging economies, such as India and China, are expected to drive the APAC market
• The chemical application segment is expected to witness the highest CAGR over the forecast period owing to higher product adoption in the manufacturing of polymers and resins, hard metals, dyestuff and pigments, and agrochemicals
• Key companies in the spray drying equipment market are GEA Group AG, Dedert Corporation, and Tetra Pak International S.A. These companies are strategically expanding their geographical footprint to increase their market share and overall profitability

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global spray drying equipment market on the basis of product, stage, cycle, flow, application, and region:

Spray Drying Equipment Product Outlook (Revenue, USD Million, 2015 – 2025)

• Rotary Atomizer
• Nozzle Atomizer
• Fluidized
• Centrifugal

Spray Drying Equipment Stage Outlook (Revenue, USD Million, 2015 – 2025)

• Single-Stage
• Two-Stage
• Multi-Stage

Spray Drying Equipment Cycle Outlook (Revenue, USD Million, 2015 – 2025)

• Open
• Closed

Spray Drying Equipment Flow Outlook (Revenue, USD Million, 2015 – 2025)

• Co-Current
• Counter-Current
• Mixed Flow

Spray Drying Equipment Application Outlook (Revenue, USD Million, 2015 – 2025)

• Food & Dairy
• Pharmaceuticals & Nutraceuticals
• Chemical
• Others

Spray Drying Equipment Regional Outlook (Revenue, USD Million, 2015 – 2025)

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

Access Press Release of Spray Drying Equipment Market @ https://www.grandviewresearch.com/press-release/global-spray-drying-equipment-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

North America Air Conditioning Systems Market Research, Key Players , Analysis And Forecast 2020: Grand View Research Inc.

San Francisco, 3 Sep 2020: The Report North America Air Conditioning Systems Market Analysis By Product (Portable, Window, Split, Single Packaged, Chillers, Airside), By Application (Residential, Commercial, Industrial) And Segment Forecasts To 2020

The North America air conditioning systems market is expected to reach USD 52.56 billion by 2020, according to a new study by Grand View Research, Inc. Increasing construction expenditure is expected to drive the market across residential, commercial and industrial sectors. Additionally, favorable regulatory initiatives for energy efficiency are also expected to fuel market growth over the next six years.

Technological advancement has bolstered product development and innovation. A high degree of competition from other regional markets, coupled with lower prices of products offered by Chinese manufacturers may hinder the industry in North America over the forecast period. Growing application areas, such as the use of portable air conditioning systems in tents for outdoor activities is expected to be an opportunity for industry participants over the next six years.

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Further key findings from the study suggest:

• Split air conditioning systems accounted for over 60% of the overall market revenue in 2013. They offer a high degree of flexibility and are relatively cost-effective to install. In addition, split air conditioners offer a large amount of control to the user, since each conditioner functions as a separate unit. Portable air conditioners are expected to witness the fastest growth over the forecast period, mainly due to the high level of convenience they provide.
• Residential application accounted for over 40% of the market in 2013, and is further expected to remain the largest segment through the forecast period. Commercial applications such as the tourism and construction industries are expected to grow faster than the global average over the next six years.
• The U.S. contributed to over 83% of the revenue generation in North America in 2013, and is expected to continue dominating the market over the forecast period. This can be attributed to energy efficiency guidelines set by the US Environmental Protection Agency (EPA). Mexico is expected to be the fastest-growing regional market, at an estimated CAGR of 10.3% from 2014 to 2020.
• Key industry participants employ strategies such as mergers, acquisitions and strategic collaborations to gain market share. Daikin Industries Ltd., Ingersoll-Rand, Carrier Corporation, Hitachi, Johnson Controls, Mitsubishi, etc. are among the companies operating in the market.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the North America air conditioning systems market on the basis of product, application and region:

Air Conditioning Systems Product Outlook (Volume, Thousand Units and Revenue, USD Million; 2012 – 2020)

• Portable Air Conditioning Systems
• Window Air Conditioning Systems
• Split Air Conditioning Systems
• Single Packaged Air Conditioning Systems
• Chillers
• Airside Conditioning Systems

Air Conditioning Systems Application Outlook (Volume, Thousand Units and Revenue, USD Million; 2012 – 2020)

• Residential
• Commercial
• Industrial

Air Conditioning Systems Regional Outlook (Volume, Thousand Units and Revenue, USD Million; 2012 – 2020)

• The U.S.
• Canada
• Mexico

Access Press Release of North America Air Conditioning Systems Market @ https://www.grandviewresearch.com/press-release/north-America-air-conditioning-systems

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com