Compressed Air Treatment Equipment Market Size Is Expected To Reach USD 8.59 Billion By 2020: Grand View Research, Inc

The Global Compressed Air Treatment Equipment Market is expected to reach USD 8.59 billion by 2020, according to a new study by Grand View Research, Inc. Surging demand for compressed air treatment equipment across a vast array of applications is expected to drive market growth over the forecast period. Compressed air systems are used by a large percentage of manufacturers on a global scale, which has necessitated treatment equipment installation so as to meet air quality standards suited for the target applications, and is also expected to spur market growth over the forecast period.

Several regulatory mandates and standards have been formulated to support production and utilization of clean air, which is expected to significantly contribute to the industry growth. However, delivering compressed air to manufacturing facilities requires equipment that is expensive, needs frequent maintenance and consumes significant amount of energy, which may pose a challenge to compressed air treatment equipment market growth over the forecast period. Technological proliferation and development of more energy efficient equipment across several applications provides avenues for market growth.

Full research report on compressed air treatment equipment market: http://www.grandviewresearch.com/industry-analysis/compressed-air-treatment-equipment-market

Further key findings from the study suggest:

• Dryers emerged as the most dominant product segment in 2013, and accounted for over 40% of the compressed air treatment equipment market in the same year. Dryers form a crucial component any compressed air equipment as they help remove moisture or water droplets effectively. Adsorber filters are also expected to witness significant growth over the next few years, which can be attributed its ability to easily remove any chemicals or gases within the compressed air.

• Process air is expected to remain a sizable application segment over the forecast period. This can be primarily attributed to the increased demand of compressed air treatment equipment across the food & beverage and pharmaceutical industry that require clean, oil-free, dry and sterile compressed air.

 

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• North America emerged as the largest regional market in 2013, closely followed by Asia Pacific. North America accounted for over 30% of the global compressed air treatment equipment market in the same year. Presence of several manufacturing facilities is expected to fuel the regional market growth over the next six years.

• Key market players include Donaldson Company Inc, Atlas Copco Corp, Ingersoll-Rand, Gardner Denver Inc, Van Air Inc., Kaeser Compressors and Parker Hannifin Manufacturing Limited. Development of technologically advanced and cost-effective compressed air treatment equipment is expected to be a critical success factor for companies operating in this market.

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Food service equipment market size is expected to reach USD 56.0 billion by 2024: Grand View Research

The global food service equipment market is expected to reach USD 56.0 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of cost-effective and energy-efficient products to reduce the energy consumption is expected to offer lucrative opportunities to the market over the forecast period.

Food service equipment plays a key role in the hospitality sector. Increasing demand from restaurants, hotels and food chains is contributing to the industry growth. Moreover, regulations and standards set by the food regulatory authorities are enabling manufacturers to develop equipment compliant with these standards.

Increasing sanitation, hygiene and less time-consuming requirements are attributing to the adoption of these equipment among households. Also, the upgraded products not only reduce the energy expenses but also are eco-friendly.

Changing consumer lifestyle and rising disposable income are the major factors driving market growth. The increase in labor cost in developing countries is attracting the demand for washware equipment among households. Changing food habits of the working class population has led to increase in demand for ready to eat and processes food. This has resulted in the expansion of hypermarkets and retail outlets leading to rise in demand for refrigeration and storage equipment.

Moreover, continuous advancements in cooling technologies and increased restriction on the use of CFCs has accentuated the demand for frequent upgradation in products. Increasing awareness to save water and electricity has also contributed to growing demand for low-energy consuming products.

 

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Further key findings from the report suggest:

·         Kitchen service equipment is estimated to reach over 28% by 2024 and growing at a CAGR of over 4.0% from 2016 to 2024. Rising trend of nuclear families is expected to boost the demand for these products. Moreover, the shift from conventional to smart appliances is anticipated to contribute to the segment growth.

·         Refrigeration segment is expected to grow at a CAGR of over 4.2% from 2016 to 2024. This growth can be attributed to continuous improvements in energy consumption standards for these devices and rising need for processed food in developing countries.

·         The North America food service equipment industry is expected to remain the largest market owing to the widespread adoption of technologically advanced devices. The regional industry is projected to account for over 38% by 2024, growing at a CAGR of over 3.5% from 2016 to 2024.

·         Food service equipment vendors are evolving new business models to meet customer demands by offering cost-effective, energy-efficient and technologically advanced products.

·         Key players in the food service equipment market include Ali Group, ITW, Dover Corporation, Middleby Corporation and Manitowoc Company Inc. Competition for food service equipment providers is particularly intense and increasingly focused on pricing.

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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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information, Visit Grand View Research

Contact:

Sherry James

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Grand View Research, Inc.

United States

Phone:  1-415-349-0058

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Email:  sales@grandviewresearch.com

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Flexible electronics market size was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024:

The global flexible electronics market was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024, according to a new report by Grand View Research, Inc. Escalating demand for compact and light-weight electronic devices is anticipated to fuel growth over the forecast period. Flexible batteries, displays, memories are a few products realized with the adoption of this technology. The technology provides ample opportunities in the area of smart textiles, which is the future of wearable’s. Government support in the form of funding that lends a helping hand to several research projects in this field is also anticipated to impact the industry growth positively.

Healthy demand for smart glasses, e-books, smartphones, smart watches, and e-papers is expected to catapult market growth over the next eight years. The technology facilitates electronic systems to be stretched, rolled, and flexed, minimizing design issues associated while developing compact, portable and miniature devices. The style and functionality of wearable devices is anticipated to witness a transition over the next eight years with companies such as Samsung, Apple, Nike and Google investing heavily in this segment, thereby providing avenues for discovering novel applications incorporating this technology.

 

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Further key findings from the report suggest:

·         The consumer electronics segment accounted for over 55% of the overall revenue in 2015. The year 2014 witnessed the onset of new curved televisions, smartphones, and other electronic devices; a trend that gained traction in 2015, and is expected to impact the flexible electronics demand favorably from 2016 to 2024 owing to high penetration in the wearable’s segment

·         The display segment is projected to grow at a CAGR exceeding 16% over the forecast period. It is primarily attributed to the ability of these products to curve, roll, flex, conform and fold, enabling a new intuitive user interface. Further, companies are progressing towards the use of plastic displays as an alternative to glass displays, which provides opportunity for future growth

·         Wearable devices segment accounted for over 40% of the overall revenue in 2015 and is expected to witness a healthy demand over the forecast period. This increase is primarily ascribed to upsurge in demand for fitness or activity trackers as these products are well-positioned in the market with a promise of tracking productivity, physical activity, heart rate, sleep, etc. that intrigues customers

·         Asia Pacific flexible electronics market accounted for over 20% of the overall revenue share in 2015. Research capabilities and aggressive investments by major industry players such as LG and Samsung Electronics in anticipated to drive regional growth over the forecast period

·         Prominent industry participants include 3M, E Ink Holdings Inc., GE Measurement & Control Solutions, ITN Energy Systems Inc., LG, PARC, Samsung, and Thinfilm Electronics ASA. Strategic alliances among the major stakeholders such as material manufacturers, academia, and device integrators is anticipated to strengthen the existing technology know-how while driving drive efforts to explore new application areas

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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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information, Visit Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, U.S.A.

Grand View Research, Inc.

United States

Phone:  1-415-349-0058

Toll Free:  1-888-202-9519

Email:  sales@grandviewresearch.com

Blog Site: http://marketresearchandconsultingreport.blogspot.in/