Europium Market Is Poised To Reach $308.9 Million By 2025 | CAGR: 4.6%: Grand View Research, Inc.

The global Europium Market is expected to reach USD 308.9 million by 2025, according to a new report by Grand View Research, Inc. The rapid growth of the consumer electronics industry across the globe can be regarded responsible for market growth in recent years. In addition, the increasing application scope of the product in the automobile, electrical, energy, and material sciences industries is expected to have a positive impact on the overall market growth over the forecast period.

Increased demand for europium oxide and nitrates for the manufacture of red and blue phosphors largely used in electronics, including television, smart phones, and laptops, is expected to propel the demand for europium during the forecast period. Further, the increasing penetration in healthcare markets, largely for the purpose of optical imaging and therapy, is expected to positively impact product demand in the near future.

Europium oxides and its derivatives are increasingly being used in nuclear reactor control rods owing to their neutron absorbing property. The growing dependency on nuclear energy for electricity generation is expected to benefit market growth over the next few years.

The europium industry is expected to witness the highest growth in phosphors application, slated to grow at a CAGR of 5.0% during the forecast period, in terms of volume and revenue. Industry players such as China MinMetals Corporation, Baotou Group, Avalon Advanced Materials Inc. and Lynas Corporation engage in exploration, mining, development and manufacture of europium along with other rare metals.

Read More About Report: http://www.grandviewresearch.com/industry-analysis/europium-market

Further key findings from the report suggest:

• The europium market was valued at USD 209.0 million in 2016 and is projected to grow at a CAGR of 4.6% over the forecast period. The increasing application scope of the product in key end-use industries, including consumer electronics, automotive, semiconductors, and energy & mining, is expected to drive product demand during the forecast period.
• Europium phosphors recorded a market revenue of USD 60 million in 2016 and is likely to witness significant growth during the next eight years, primarily on account of the rapidly growing consumer electronics industry worldwide.
• Product demand in the lighting segment was valued at just over USD 41 million in 2016 and is expected to grow at a CAGR of 4.5% over the forecast period owing to the use of europium in mercury lamps. The rapidly-growing lighting market, especially in emerging economies across key regions, is expected to benefit penetration of europium.
• The Asia Pacific europium segment dominated the overall industry, with the regional segment being valued at USD 176.7 million in 2016. The segment is anticipated to grow significantly on account of the rapid growth of the key end-use verticals. The increasing production in key economies such as India, Vietnam, and Thailand is also expected to impact product demand.
• The key strategies adopted by the industry players include horizontal integration with refining and separation companies, manufacturers, and distributors.

Grand View Research has segmented the europium market on the basis of application, end use, and region:

Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

• Permanent Magnets
• Catalysts
• Glass Polishing
• Phosphors
• Ceramics
• Metal Alloys
• Glass Additives
• Others

End Use Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

• Consumer Electronics
• Lighting
• Semiconductors
• Automotive
• Healthcare
• Nuclear Labs
• Metallurgy
• Anti-counterfeiting
• Others

Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)

• North America
  • US
  • Canada
• Europe
  • Russia
• Asia Pacific
  • China
  • India
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-europium-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

Fiberglass Market Is Predicted To Exceed $21.27 Billion By 2025 | CAGR: 5.9%: Grand View Research, Inc.

The global fiberglass market size is expected to reach USD 21.27 billion by 2025, according to a new report by Grand View Research, Inc. The market for fiberglass is anticipated to register growth with rising awareness among population regarding the environmental benefits coupled with economic benefits of using lightweight automobiles. In addition, extensive use of fiberglass in building and construction industry and rising wind energy installations are expected to trigger the market growth.

Fiberglass composites segment is anticipated to be the fastest growing owing to their extensive use in automobile sector. They are used in automobile and aerospace sectors to make the vehicle lightweight and enhance performance. The composites are also used in the manufacturing of wind turbine blades and its structure. 

Fiberglass insulation is used for thermal and electrical isolation in residential, commercial, and industrial buildings. Fiberglass can be used in construction in the form of walls, roofs, windows, and ladders. The aesthetic appeal of fiberglass coupled with growing construction spending globally is anticipated to drive the market.

In addition, the increasing use of fiberglass in wind energy installations, aerospace application, and consumer durables is expected to further boost the global fiberglass market.

Access Full Research Report on Fiberglass Market: http://www.grandviewresearch.com/industry-analysis/fiberglass-market

Further key findings from the report suggest:

• In terms of revenue, composites segment is projected to be the fastest growing, at a predicted CAGR of 6.2% over the forecast period. The lightweight and high strength exhibited by fiberglass make it an ideal material for many end-use industries.
• Glass wool is the largest type segment in fiberglass market. Extensive use of glass wool for thermal and electrical insulation is expected to boost the market.
• Asia Pacific is projected to emerge as the fastest-growing regional market, displaying a CAGR of 6.3% over the forecast period due to the presence of huge automobile market and rising disposable income in the region
• In terms of revenue, automotive segment accounted for 34.4% of total market share. The market share is expected to increase owing to the growing use of fiberglass composites in the manufacturing of a vehicle.
• A large number of companies have implemented advanced technologies for manufacturing products as per customer requirements. The companies are heavily investing in the research & development to launch innovative products in the market.

Read Our Blog: https://www.grandviewresearch.com/blogs/advanced-materials

Grand View Research has segmented fiberglass market on the basis of application, type, end-use, and region:

Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• Insulation
• Composites

Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• Glass Wool
• Yarn
• Roving
• Chopped Strands

End-use Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• Automobiles
• Building and Construction
• Aerospace
• Wind Energy

Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
• Middle East & Africa

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-fiberglass-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

In-Depth Analysis Report on Functional Foods Market And Key Driving Factor Over the forecast period

The global Functional Foods Market is expected to reach USD 255.10 billion by 2024, according to a new report by Grand View Research, Inc.Growing geriatric population, healthcare costs, consumers ‘consciousness towards their well-being, and changing lifestyle is expected to drive the functional foods market growth over the forecast period. These foods have the ability to combat various diseases progression and provide promising health benefits to individuals.

Fish oils which contain long-chain omega-3 fatty acids are categorized as a functional food that helps in reduction of cardiovascular diseases and lowers the total cholesterol level. Yogurt, which has lactobacillus bacteria, contributes to improving the quality of intestinal microflora.

However, the functional food is mostly attributed to possess “credence attributes” that is the product attributes cannot be claimed directly by the consumers. Such a factor is expected to critically affect the global industry over the forecast period.

Labeling on a product might claim that it constitutes extra dosage of calcium, which helps in preventing osteoporosis disease. However, consumers are unable to evaluate such claims as the nutrients cannot be smelled or tasted and do not have any proper shape. Consumers need to wait for a particular period to validate the credence claims.

Nevertheless, researchers have been trying to combine functional food and molecular nutrition into one which is anticipated to challenge the traditional diet paradigm. The benefits claimed for functional foods by manufacturers slowly arrive on the plates of the consumers. Speeding the health benefit arrival require more innovative approaches and also funding to expand the knowledge base associated with molecular nutrition.

Access Full Research Report on Functional Foods Market: 

https://www.grandviewresearch.com/industry-analysis/functional-food-market

Further key findings from the report suggest:

• Epidemiological studies have demonstrated that higher the consumption of whole grains, fruits, and vegetables, there is a wider chance of lowering some chronic diseases.
• Soy product is expected to witness the highest growth of 9.2% over the next eight years. Soybean contains isoflavones and lignans, which is attributed to providing high protein content, thus attracting large consumer group for its usage in health diets.
• These foods also contribute significantly to improving the digestive tract of human beings. Digestive health end-use segment is presumed to exhibit a CAGR of 8.6% over the forecast period. Various plants, spices, and herbs help to promote digestion activities among humans.
• Asia Pacific accounted for over 40% of the global market in 2015 and is expected to maintain its lead position over the forecast period. Increasing urbanization and rising geriatric population in countries such as India and China is supposed to aid the regional growth.
• The industry is fragmented in nature with the presence of both local and international participants. Companies include BASF SE, Cargill Inc, Nutri-Nation, Coco-Cola Co., GFR Pharma and General Mills Inc.

View All Reports of Same Category by Grand View Research: 

http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements

Grand View Research has segmented the functional foods market on the basis of product, application, end-use and region:

Global Functional Foods Product Outlook (Revenue, USD Billion, 2014 - 2024)

• Carotenoids
• Dietary fibre
• Fatty acids
• Minerals
• Prebiotics & probiotic
• Vitamins
• Others

Global Functional Foods Application Outlook (Revenue, USD Billion, 2014 - 2024)

• Bakery & Cereals
• Dairy products
• Meat, fish & eggs
• Soy products
• Fats & oils
• Others

Global Functional Foods End-Use Outlook (Revenue, USD Billion, 2014 - 2024)

• Sports Nutrition
• Weight Management
• Immunity
• Digestive Health
• Clinical Nutrition
• Cardio Health
• Others

Global Functional Foods Regional Outlook (Revenue, USD Billion, 2014 - 2024)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • EU28
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Philippines
  • Indonesia
  • Malaysia
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-functional-foods-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

Net-Zero Energy Buildings Market Is Predicted To Reach $78.79 Billion By 2025: Grand View Research, Inc.

The global net-zero energy buildings (NZEBs) market is projected to reach USD 78.79 billion by 2025, according to the new report by Grand View Research, Inc. Net-zero energy buildings are those buildings where ideally 100% of their energy is generated and met with onsite renewable energy sources, thereby reducing the energy consumption over a span of time. ZNE (Zero Net Energy) buildings include ZNE emerging and ZNE verified buildings.

ZNE verified buildings are those buildings that meet the net energy consumption through onsite renewable energy technologies over a course of time. The energy is produced from onsite renewables instead of fuels such as electric, natural gas, and steam. Whereas ZNE emerging buildings have specified targets for achieving nearly-zero energy but are yet to meet the goals as per the definition of ZNE verified buildings. Such emerging buildings are usually in the planning or designing phase or under construction with less than one year of operation.

Technological advancements coupled with stringent policies and programs are expected to considerably propel the demand and adoption of NZEBs. ZNE projects are targeting buildings such as schools, institutional buildings, corporate offices, and public buildings across the globe. The market is expected to gain traction over the forecast period on account of specified targets and regulations laid down by organizations striving to achieve sustainability and reducing carbon emissions. The U.S. consists of relatively more verified and emerging ZNE buildings than other countries. Projects are being undertaken to convert the districts into nearly-zero energy buildings and green buildings.

The regional laws, authorities, bodies, organizations, concerned government departments are working with regional architects, designers, builder & contractors, equipment manufacturers, and material suppliers to promote self-energy sufficient buildings. The large number of successful projects with the use of current technologies and design approaches have created awareness among the population regarding how realistic and achievable the net-zero energy goals are.

The industry is gaining momentum and is predicted to exhibit robust growth, creating lucrative opportunities for equipment producers, material suppliers, and service providers. HVAC systems are one of the most important and energy-consuming parts in the entire building structure. The HVAC systems segment accounted for the largest market share and is anticipated to continue dominating the market over the forecast period. 

The consulting & designing services segment is expected to grow at a notable rate and generate healthy revenue over the estimated duration. Furthermore, local and regional organizations are shifting their focus on the residential sector, which is also expected to drive the segment growth. The European region is likely to project a robust growth rate owing to the rising concerns for environment protection, stringent policies, building codes, and sustainability goals stated by the governments of the countries in this region. Large investments made by regional manufacturers and keen emphasis by the monitoring authorities on the adoption of net-zero energy buildings are the major influencing factors for the regional market’s substantial growth over the forecast period.

In addition to the analysis of global net-zero energy buildings market trends, the report highlights the opportunities and barriers involved in achieving net-zero energy targets. Moreover, it provides a review on the investor opportunities with key questions answered from an investor’s perspective. It also explains the significance of green buildings in improving a business.

Owing to the potential opportunities of the regional market, the energy performance and requirements for different climatic zones, particularly in the European region, is explained in the report. The U.S. accounted for the largest market share in 2016 on account of the large number of ZNE buildings in the country. As such, a list of ZNE verified buildings is provided so as to understand the country’s pattern of adopting the technological concept along with its future demands for net-zero emerging buildings.

 Browse Further Insights @ http://www.grandviewresearch.com/industry-analysis/net-zero-energy-buildings-nzebs-market

 Further key findings from the report suggest:

• The net-zero energy is achievable globally with appropriate building codes, regulations, and monitoring irrespective of the climatic conditions and zones.
• The ecological sustainability concept of NZEBs is applicable for almost all building types and sizes, including institutional buildings, university buildings, corporate offices, high-rise and low-rise apartments or bungalows, and manufacturing plants.
• Upcoming U.S. projects to convert districts into net-zero energy buildings are expected to lead the country to capture a large market share over the forecast period.
• The growing emphasis on converting or refurbishing existing buildings into self-sustainable ones is predicted to drive the market considerably.
• The private sector is expected to witness wide opportunities from the globally increasing demand for ZNE infrastructure.
• The residential buildings segment is expected to exhibit robust growth over the forecast period.
• The walls & roofs segment is anticipated to grow considerably owing to the increasing upgrades and improvements carried out in walls & roofing products.
• The European region is projected to exhibit robust growth and generate healthy revenue in the coming years, followed by Asia Pacific region, which is also predicted to grow considerably over the forecast period.
• Prominent players in the industry include General Electric, Johnson Controls, Schneider Electric, SunPower Corporation, and Autodesk, Inc., among others.

Read Our Blog: https://www.grandviewresearch.com/industry/technology

Grand View Research has segmented the NZEBs market based on equipment, services, building type, and region:

NZEBs Equipment Outlook (Revenue, USD Million; 2014 - 2025)

• Lighting
• HVAC Systems
• Walls & Roofs
• Others

NZEBs Services Outlook (Revenue, USD Million; 2014 - 2025)

• Software
• Consulting & Designing

NZEBs Building Type Outlook (Revenue, USD Million; 2014 - 2025)

• Commercial
• Residential

NZEBs Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Norway
  • Finland
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Singapore
  • Australia
• South America
  • Brazil
• The Middle East & Africa

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-net-zero-energy-buildings-nzebs-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

Oxygen Scavengers Market Is Poised To Reach $2.67 Billion By 2025 | CAGR: 4.9%: Grand View Research, Inc.

The global Oxygen Scavengers Market size is expected to be worth USD 2.67 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for fresh, healthy, and quality packaged food is likely to propel market growth. The oxygen absorption properties offered by scavengers help in retaining the quality of various consumable products.  

The demand for oxygen scavengers in food and beverage industry is witnessing a rise as they provide protection from various microorganisms, spoilage, color & nutrient loss, and rancidity of food. Food products, such as vegetables, fruits, dairy products, and processed foods, are perishable in nature and require protection from atmospheric oxygen. Other food products such as nuts, bakery items, and several beverages also require protection to extend their shelf life and reduce food wastage.

Additionally, augmenting demand from chemical and pharmaceutical industries is anticipated to accelerate the market growth.  Rising research & development activities and various government regulations are likely to trigger the production, thereby driving the market demand. Due to the expanding uses of oxygen scavengers, a large number of manufacturers are inclined toward the market for the development of less toxic scavengers in an attempt to stay competitive.  

Metallic oxygen scavengers accounted for 63% of the global market in 2016. The demand can be attributed to the widespread use, fast reaction, better quality, and cost-effectiveness of these scavengers. Non-metallic scavengers are likely to be used where metal detection poses a problem. The scavengers are used for dietary products that require the avoidance of contact with iron. The technological advancements in the market to develop advanced packaging solutions are likely to fuel the market demand over the forecast period.  

North America is the leading market for oxygen scavengers owing to the growing concerns among the consumers regarding the safety and wastage of food. Extensive research & development carried out by leading manufacturers to develop packaging techniques to offer protection from outside oxygen in countries such as the U.S. and Canada is anticipated to propel market growth. Countries such as Germany, France, China, India, and Japan are also rapidly developing markets for oxygen scavengers.

Access Full Research Report on Oxygen Scavengers Market: 

http://www.grandviewresearch.com/industry-analysis/oxygen-scavengers-market

Further key findings from the report suggest:

• The market is likely to register a CAGR of 4.9% from 2017 to 2025 on account of increasing awareness as well as health and safety concerns among the consumers. In terms of revenue, food and beverage segment is expected to denote the highest CAGR from 2017 to 2025 owing to expanding applications in the sector for oxygen scavengers in developed as well as emerging countries.
• North America was valued at USD 580.4 million in 2016 and is expected to witness significant development on account of rising demand for fresh food that is healthy and can restore its nutrient value for a longer period of time
• Key market players include BASF SE; Baker Hughes; Innospec Inc; Arkema Group; Accepta Ltd.; Clariant International Ltd.; Eastman Chemical Company; Sealed Air Corporation; PolyOne Corporation; Kemira OYJ; Mitsubishi Chemical Corporation; and Plastichem (PTY) LTD. The companies mainly focus on extensive innovation and increasing their production capacities to meet the global demand.

Read Our Blog: https://www.grandviewresearch.com/blogs/specialty-and-fine-chemicals

Grand View Research has segmented the oxygen scavengers market on the basis of type, end use, and region:

Type Outlook (Revenue, USD Million; 2014 -2025)

• Metallic
• Non-metallic

End-use Outlook (Revenue, USD Million; 2014 - 2025)

• Food & Beverage
• Pharmaceuticals
• Chemicals
• Oil & Gas
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
  • US.
  • Rest of North America
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• South & Central America
• The Middle East and Africa

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-oxygen-scavengers-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

Peracetic Acid Market Is Poised To Reach USD 1.22 Billion By 2025: Grand View Research, Inc.

The global Peracetic Acid Market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc. The effectiveness of peracetic acid as a biocide and versatility of its usage are expected to drive the industry growth.

Peracetic acid is a colorless liquid having strong oxidizing properties. Food & beverages industry faces various issues due to microbial contamination. It is effective in curbing this activity thus finding widespread applications in the industry. Food & beverage industry has witnessed a positive growth in the recent past, and this trend is expected to continue over the forecast period thus benefitting the market demand.

Peracetic acid, unlike chlorine and sodium hypochlorite, does not degrade into environmentally harmful by-products. Also, it possesses more oxidizing potential than other disinfectants. Growing awareness regarding ill effects of chlorine in water treatment has also prompted the use of peracetic acid.

Various government agencies have approved peracetic acid for direct contact usage in food & beverages applications. Also, environmental regulations are also expected to favor the market growth. Companies have been focusing more on high growth markets such as Asia Pacific to establish manufacturing units in the region to increase their presence.

Access Full Research Report on Peracetic Acid Market: http://www.grandviewresearch.com/industry-analysis/peracetic-acid-market

Further key findings from the report suggest:

• The global peracetic acid market demand exceeded 200 kilo tons in 2015 and is expected to surpass 400 kilo tons by 2025, growing at a CAGR of 7.6% over the forecast period
• Water treatment is expected to witness the highest growth over the forecast period. Broad spectrum usage, effectiveness and compatibility with existing water treatment infrastructure are the primarily attributed reasons for this scenario.
• Peracetic acid products suiting specific applications have been developed. This increases the effectiveness of the product used in the particular application.
• Food & beverages application was the leading application segment and accounted for over 30% of total market volume in 2015. It does not leave any harmful residue on the food. It is effective in containing microbial activity and hence is widely used in the processing of products such as fresh vegetables, fruit and meat.
• Europe was the leading consumer and accounted for 38.9% of total market volume in 2015. Asia Pacific is expected to witness the highest growth of 8.3% over the forecast period.
• Occupational exposure to peracetic acid is a cause of concern for manufacturers. However, companies are ensuring strict adherence to guidelines such as Globally Harmonized System of Classification and Labeling of Chemicals (GHS)
• Key industry participants include Solvay S.A., PeroxyChem, Evonik Industries and Airedale Chemical Company.Companies have been trying to gain market share by developing innovative product portfolio.

Read Our Blog: https://www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the peracetic acid market on the basis of applicationand region:

Peracetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Food & Beverages
  • Bottling & beverages
  • Fresh produce
  • Meats, poultry & seafood
• Health Care
  • Medical
  • Surgical
  • Dental
• Pulp & Paper
  • Bleach
  • Others
• Water treatment
  • Tertiary disinfectant
  • CSO disinfectant
  • Blend disinfectant
  • Others
• Other applications

Peracetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-peracetic-acid-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 Smart Parking Market Is Going To Reach $4.11 Billion By 2025: Grand View Research, Inc.

The North America Smart Parking Market is expected to reach USD 4.11 billion by 2025, according to a new report by Grand View Research, Inc. Developing better solutions to avoid congestions and systematic positioning of vehicles across the cities are the key factors driving the market growth.

The increased use of automobiles and the trend of urbanization are leading to paucity in parking spaces. Technological advancements such as online payments and development of mobile apps for reserving parking slots are instrumental in driving the implementation of smart parking systems.

Pucks (Wireless sensors) have been increasingly used in smart parking systems and thus, the segment is expected to grow at a faster pace with a CAGR of 18.4%. These wireless sensors aid in tracking vehicles that enter and exit garages, constantly. Implementation of these sensors has increased security and safety of vehicles as well as people accessing the vehicles at underground garages and sites.

The Parking Guidance System (PGS) segment held the largest market share in 2016 and is anticipated to reach USD 859.3 million by 2025. In places, such as shopping malls, large commercial hubs, and sports and entertainment hubs, there are large number of vehicles that need to be positioned appropriately to avoid congestions. In such situations, a PGS provides directions and accuracy in terms of parking the vehicles to the drivers.

Access Full Research Report on North America Smart Parking Market: 

http://www.grandviewresearch.com/industry-analysis/north-america-smart-parking-market

Further key findings from the report suggest:

• The hardware segment dominated the market in 2016 and is estimated to generate a revenue of over USD 2,185.3 million by 2025, as these components are largely deployed in various systems that provide guidance while parking vehicles
• The signage segment is expected to grow at a CAGR of 16.6 %, as signages guide vehicles with proper directions and help avoid confusions, thereby, improving accuracy and reducing mishaps
• The consulting services segment is expected to grow at a CAGR of 20.1% from 2017 to 2025, as companies outsource the parking planning tasks to consultancy services that provide solutions depending on the requirements
• Several organizations face the issues regarding parking spaces in urban areas. In order to cater to those problems, companies outsource these tasks to the consultancy services that provide solutions as per their requirements
• Off-street systems are anticipated to gain traction due to the increasing congestions on streets. The segment is expected to witness considerable growth over the forecast period and was valued at USD 672.6 million in 2016
• The government application segment for the market is estimated to reach USD 1,651.4 million by 2025 owing to its vast applications in smart city development projects initiated by government
• The key players in the market are Amano McGann.; Conduent, Inc.; Cisco Systems, Inc.; SKIDATA AG.; Streetline, Inc.; ParkMe, Inc.; and Parkmobile LLC, among others.

 Grand View Research has segmented the North America smart parking market based on hardware, software, services, types, and countries: 

Hardware Outlook (Revenue, USD Million, 2014 - 2025)

• Pucks (wireless sensors)
• Cameras and LPRs
• Smart Meters
• Signage
• Parking Gates

Software Outlook (Revenue, USD Million; 2014 - 2025)

• Parking Guidance Systems
• Analytics Solutions

Service Outlook (Revenue, USD Million; 2014 - 2025)

• Consulting Services
• Engineering Services
• Mobile App Parking Services
  • Enforcement Apps
  • Reservation Apps
  • Way-Finding Apps
  • Payment Apps

Type Outlook (Revenue, USD Million; 2014 - 2025)

• On-Street
• Off-Street
  • Garage Parking
  • Lot Parking

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Commercial
• Government
• Transport Transit

Country Outlook (Revenue, USD Million; 2014 - 2025)

• US.
• Canada

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/north-america-smart-parking-market-analysis

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