Military Simulation & Virtual Training Market Total Revenue Would Be $15.07 Billion By 2025

San Francisco, 13 March 2019 - “Military Simulation and Virtual Training Market Size, Share & Trends Analysis Report By Platform Type (Flight, Vehicle, Battlefield, Virtual Boot Camp), By Application (Ground, Air, Naval), And Segment Forecasts, 2018 - 2025” The global military simulation & virtual training market size is expected to reach USD 15.07 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.2% over the forecast period. Rising political instability and disputes coupled with growing adoption of simulators and virtual training methods to safeguard the trainees are expected to drive the market. Rising prices of armed components and environmental concerns are expected to fuel demand for virtual training practices from defense sector.

Over the past decade, the military simulation & virtual training market is gaining prominence as it is considered as a cost-effective solution for training the armed personnel to ensure their safety. However, the procurement of simulator and virtual training devices is primarily dependent on the purchase of military equipment such as fighter aircrafts, tanks, gunneries, submarines, armored vehicles, helicopters, naval ships, and Unmanned Aerial Vehicles (UAVs). The current and future military expenditure are expected to influence growth of the market from 2018 to 2025.

North America accounted for around 36% of global military spending in 2017 and is expected to lead the military simulation and virtual training market over the next few years. This growth can be attributed to the increasing demand and high defense expenditure of countries, such as U.S. and Canada. However, Asia Pacific is expected to expand at the highest CAGR of 5.0% over the forecast period majorly driven by the increasing investments in the defense sector in countries such as China and India, which accounted for around 17% of the global military spending in 2017.

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www.grandviewresearch.com/industry-analysis/military-simulation-and-virtual-training-market

Further key findings from the study suggest:

• Flight simulation segment is expected to lead the military simulation and virtual training market over the forecast period owing to high spending in the aero-defense industry
• Air application segment is expected to continue leading over the forecast period due to wide adoption of flight simulation techniques to reduce the penetration of live training, thus helping the government reduce operating costs
• The platform segment is expected to reach USD 2.59 billion by 2025, growing at an accelerating CAGR of 4.3% over the forecast period
• North America is expected to be the largest regional segment over the forecast period owing to the huge investments in the U.S. defense industry
• Prominent industry participants include L-3 Technologies, Inc.; Lockheed Martin Corporation; Thales Group; and The Raytheon Company among others.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies 

Grand View Research has segmented the global military simulation & virtual training market based on platform type, application, and region:

Military Simulation and Virtual Training Platform Type (Revenue, USD Million, 2015 - 2025)

• Flight
• Vehicle
• Battlefield
• Virtual Boot Camp

Military Simulation and Virtual Training Application Type (Revenue, USD Million, 2015 - 2025)

• Ground
• Air
• Naval

Military Simulation and Virtual Training Regional Outlook (Revenue, USD Million, 2015 - 2025)

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

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-military-simulation-virtual-training-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

Smart Cities Market Total Revenue Would Be $2.57 Trillion By 2025 With CAGR: 18.4%

San Francisco, 12 March 2019 - “Smart Cities Market Size, Share & Trends Analysis Report By Application (Education, Governance, Buildings, Mobility, Healthcare, Utilities), By Component (Services, Solutions), And Segment Forecasts 2018 - 2025” The global smart cities market size is anticipated to reach USD 2.57 trillion by 2025, according to a new report by Grand View Research, Inc., registering a strong CAGR of 18.4% during the forecast period. Rising demand for smart city solutions is anticipated to be driven by factors such as growing urban population, need to better manage limited natural resources, and increasing focus on environmental sustainability.

Smart cities encapsulate an overwhelming number of different domains and application areas enhanced with technological advancements and their effective use in providing services to people. Be it a major tourism hub or a small community striving to become sustainable, smart city solutions have found their way in diverse areas of urban living.Rapid urbanization, obsolete infrastructure, adoption of new technologies, and need for improved quality of life are also driving industry growth.  

The market addresses a diverse set of requirements, such as efficient mobility, smart and enhanced buildings and homes, optimum energy utilization, and better administrative services. Soaring adoption of novel technologies that complement management of cities of the future is a major catalyst in industry growth. The industry also stands to benefit from initiatives taken by national and regional governments, residents, and local businesses to implement projects and tend toward problems plaguing their cities.

The market encompasses myriad sectors such as healthcare, transport, water, assisted living, security, and energy and their implementation varies from city to city due to technological penetration in the region. High amount of initial financial investments, need for consolidation of different departments and sectors, and lack of a systemic approach may threaten industry growth. Nevertheless, the market is anticipated to grow at a rapid rate in the coming years, driven by the industries’ renewed interest, availability of technology, and all-inclusive participation of industry stakeholders.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/smart-cities-market

Further key findings from the report suggest:

• Communication infrastructure and web-based services are anticipated to play a major role in the industry’s stride toward global adoption. The inevitable consolidation of services, infrastructure, data, and sensors will help in the creation of truly intelligent cities of the future
• Major hindrances in adoption and implementation of these technologies include concerns regarding privacy and security of data. Attempts have also been made at developing consortiums to support and standardize the market globally; however, this has been limited to certain regions and application areas due to lack of a systemic approach
• The industry is witnessing different forms of investment scenarios, such as Build Operate Transfer (BOT), Build Operate Manage (BOM), and Build Operate Own (BOO), which are gaining traction as major financial funding measures for smart cities
• The BOM model for investment and management is gaining popularity due to its ease of operation and a combined control over the infrastructure it offers to interested parties
• Key industry participants include ABB Group, Accenture, Cisco Systems, Schneider Electric, Siemens, IBM Corp., General Electric, and Microsoft. Companies such as Hitachi; Honeywell International Inc.; Intel; Oracle; Huawei Technologies Ltd.; and Johnson Controls are also at the forefront of developing smart city solutions
• The industry is also marked with a growing number of collaborations between governments and companies to develop and implement pilot projects.

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Grand View Research has segmented the global smart cities market based on application, service, and region:

Smart Cities Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Smart Education
• Smart Governance
• Smart Buildings
• Smart Mobility
• Smart Healthcare
• Smart Utilities

Smart Cities Component Outlook (Revenue, USD Billion, 2014 - 2025)

• Solutions
• Services
  • Integration & Deployment
  • Professional Services

Smart Cities Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• South America
• Middle East & Africa

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

Industrial Wireless Sensor Network Market Is Expected To Surpass $8.67 Billion By 2025

San Francisco, 12 March 2019- “Industrial Wireless Sensor Network (IWSN) Market Analysis Report By Component (Hardware, Software, Service), By Type, By Technology (Bluetooth, ZigBee, Wi-Fi, NFC), By Application, By End Use, And Segment Forecasts, 2018 - 2025” The global industrial wireless sensor network (IWSN) market size is anticipated to reach USD 8.67 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 14.5% CAGR during the forecast period. Benefits offered by IWSN over wired networks, such as mobility, self-discovery capability, compact size, cost-effectiveness, and reduced complexity, are anticipated to play a significant role in increasing global demand.

IWSN is an advanced method of communication between two or more remotely-located devices without interruption. The systems comprise nodes that act as access points to form a better communication system. In IWSN, sensor nodes are connected through various wireless technologies such as ZigBee, Wi-Fi, Bluetooth, and WirelessHART. Increasing adoption of wireless communication, need for strong connectivity across remote locations, and demand for network infrastructure are expected to fuel market growth.

Recent advancements in the fields of Internet of Things (IoT) and Artificial Intelligence (AI) have further increased demand for wireless networks and strong connectivity. Accelerated adoption of these technologies by the oil and gas, manufacturing, utilities, and automotive verticals is expected to boost the growth of the industrial wireless sensor network market. In addition, key players in the market are investing heavily in R&D to explore the scope of the technology for innovations, integration, and new product developments. For instance, ABB Ltd., which has 7 research centers and more than 8,000 technologists, invested USD 1.5 billion in R&D in 2016.

The hardware segment is anticipated to witness substantial growth as they detect activities and send information from one device to another through various communication technologies. Increasing miniaturization of electronic components and advancements in communication technology make it possible to develop a seamless network. The software handles device-specific tasks, such as initialization of hardware, memory management, and process management, as well as scheduling. The software segment generated the highest revenue in 2016 and the trend is expected to continue over the forecast period.

Global players in the IWSN market are collaborating with new entrants to provide improved products and systems with enhanced performance. In January 2017, Honeywell Process Solutions collaborated with AEREON to develop solutions that help the industrial sector improve operational efficiency, safety, and reliability.

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Further key findings from the report suggest:

• Demand for IWSN has increased over the years owing to benefits such as elimination of complexity and cost-effectiveness as compared to wired networks
• The hardware segment generated the highest revenue in 2016, owing to increased adoption for process monitoring in industries such as automotive, oil and gas, and mining
• Numerous vendors are implementing compatible software for real-time monitoring of data from sensor nodes
• Global players in the IWSN market are collaborating with new entrants to provide improved products and systems with enhanced performance
• The Asia Pacific region is predicted to witness remarkable growth over the forecast period owing to increasing applications of WSN in automotive, manufacturing, and oil and gas industries
• Key players in the market include ABB Ltd., Siemens AG, Schneider Electric, Yokogawa Electric Corporation, and Texas Instruments.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global IWSN market based on component, type, technology, application, end use, and region:

Industrial Wireless Sensor Network Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Service

Industrial Wireless Sensor Network Type Outlook (Revenue, USD Million, 2014 - 2025)

• Temperature Sensors
• Pressure Sensors
• Level Sensors
• Flow Sensors
• Humidity Sensors
• Motion & Position Sensors
• Gas Sensors
• Light Sensors
• Chemical Sensors
• Others

Industrial Wireless Sensor Network Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Bluetooth
• ZigBee
• Wi-Fi
• Near Field Communication (NFC)
• Cellular Network
• WirelessHART
• ISA 100.11a

Industrial Wireless Sensor Network Application Outlook (Revenue, USD Million, 2014 - 2025)

• Machine Monitoring
• Process Monitoring
• Asset Tracking
• Safety & Surveillance

Industrial Wireless Sensor Network End use Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Food & Beverages
• Manufacturing
• Mining
• Oil & Gas
• Utilities
• Others

Industrial Wireless Sensor Network Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-industrial-wireless-sensor-networks-iwsn-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

Automotive LiDAR Market Size Would Be USD 223.2 Million By 2024: Grand View Research, Inc.

San Francisco, 07 March 2019 - “Automotive LiDAR Market Analysis By Application Type (ADAS And Autonomous Cars), By Region (North America, Europe, Asia Pacific, Latin America, And Middle East And Africa), And Segment Forecasts, 2018 - 2024” - The global automotive LiDAR market is expected to reach USD 223.2 million by 2024, according to a new report by Grand View Research, Inc. The surging acceptance of automobile safety application arenas and sophisticated technology incorporations in automobile driving automation are expected to boost the market growth. The increasing acceptance for semi-autonomous and autonomous cars in the years to come is further anticipated to bolster the market growth.

The market can be categorized, based on application types, into Advanced Driver Assistance Systems (ADAS) & autonomous cars. The ADAS application segment is further segregated into Automatic Emergency Braking (AEB) and Adaptive Cruise Control (ACC). The ADAS application segment is expected witness a significant growth, owing to the surging incorporation of forward-collision avoidance systems.Adaptive cruise control (ACC) is adiscretionary cruising choice for automobiles that robotically modifies the vehicle speed to retain a safe distance from vehicles ahead.The rising adoption of these systems in autonomous and semi-autonomous cars at various levels of automation is expected to draw huge ventures from the key participants, thus driving the regional market demand in the years to come.

In October 2016, Infineon Technologies AG (Germany) acquired Innoluce BV (The Netherlands), a fabless semiconductor company headquartered in Nijmegen. Infineon says it would develop chip components for high-performance LiDAR systems by utilizing Innoluce’s patented technology. This acquisition is expected to establish Infineon’s strong foothold as one of the automotive safety technologies vendors.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/automotive-lidar-market

Further key findings from the report suggest:

• The global automotive LiDAR market is estimated to grow significantly over the forecast period due to the automation in the car safety technology, leading to reduced human efforts and increased efficiency
• Extensive R&D by market players,updated ratings of safety agencies and the increasing awareness, among consumers, have fueled the market growth assome major automakers have already started to integrate basic AEB systems as optional and standard options into their mass-market models
• The markets in the North American region including the U.S. & Canada and the European regions occupied a marginal proportion of the market share in 2015 on account of the administrative regulations mandating the installation of certain automotive safety technologies in both light weight and heavy weight vehicles in the region
• The key industry participants include Robert Bosch GmbH, Denso Corporation, Velodyne LiDAR, Inc., Novariant, Inc., LeddarTech, Continental AG, and Quanergy Systems, Inc. 

Access More Reports of The Same Category: www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global automotive LiDAR market based on application type and regions:

LiDAR Application Type Outlook (Revenue, USD Million, 2014 - 2024)

• Advanced Driver Assistance Systems(ADAS)
  • Automatic Emergency Braking (AEB)
  • Adaptive Cruise Control (ACC)
• Autonomous Cars

LiDAR Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• The Middle East & Africa

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

Cosmetic Dentistry Market Is Predicted To Uplift Around $27.95 Billion By 2024

San Francisco, 07 March 2019 - “Cosmetic Dentistry Market Analysis, By Product (Dental Systems & Equipment, Dental Implants, Dental Bridges, Dental Crowns, Dental Veneers, Orthodontic Braces, Bonding Agents, Inlays & Onlays), By Region (U.S., Canada, Germany, U.K., China, India, South Africa, Brazil, Mexico), And Segment Forecast To 2024”  The Global cosmetic dentistry market is expected to reach USD 27.95 billion by 2024, according to a new report by Grand View Research, Inc. More and more people are opting for esthetic dental procedures, which has resulted in development of advanced technologies. Cognizance among populations about such techniques and procedures has allowed this industry to prosper by leaps and bounds. Developing countries have generated a significant amount of disposable income, which is the main reason why cosmetic dentistry is flourishing. Geriatric population, in general, has propagated the growth of this industry with old-age-related tooth ailments. 

Cosmetic dentistry market, by region, 2013 - 2024 (USD Billion)

Treatments that include teeth whitening, change in dental appearance, and intervention of malocclusion are the most frequent procedures that patients undergo in cosmetic dentistry. Dental tourism has been one of the most important reasons for cosmetic dentistry to prosper globally. 

The major restraints in this market are lack of reimbursement options for cosmetic procedures and expensive cost of dental imaging. Insurance companies and government agencies do not regard cosmetic procedures as essential and thus, not many reimbursement options are available for cosmetic dentistry. On the other hand, dental imaging requires technologically advanced equipment requiring huge investments that are not covered by insurance companies. This is another reason that hinders the growth of this sector.           

On the basis of the products, this industry is segmented into dental systems and equipment, dental implants, dental bridges, dental crowns, dental veneers, orthodontic braces, bonding agents, and, inlays & onlays. The major market share in case of products was accounted for by dental systems and equipment, as they include a wide range of products that are used in a majority of the dental procedures. With an escalation in individuals opting for cosmetic dentistry, dental braces are also used extensively to alter the alignment of teeth. With CAD/CAM systems, the designing of dental prosthetics has become relatively easy allowing 3D technology to be used extensively, which has drastically improved accuracy of procedures. 

To request a sample copy or view summary of this report, click the link below:www.grandviewresearch.com/industry-analysis/cosmetic-dentistry-market

Further Key Findings from the Study Suggest:

• The European region is set to lead the cosmetic dentistry market owing to technological advances and increase in patients opting for procedures for esthetic purposes.
• The Asia Pacific region is bound to grow significantly in the forecast period. This is majorly contributed by large population bases and disposable income being generated in this region.
• Dental systems and equipment garnered the highest market share owing to their wide range of applications in the dental industry.
• Increasing awareness about such procedures in the common population has allowed more individuals to opt for minimally invasive techniques to correct dental deformities and increase esthetic appeal.
• Some key market players include Danaher Corporation, Sirona Dental Systems, Dentsply International, Inc., Institut Straumann AG, 3M Company, and Zimmer Biomet Holding, Inc.

Access more Reports of The Same Category: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global cosmetic dentistry market on the basis of product type and region:

Cosmetic Dentistry Product Outlook (Revenue, USD Million, 2013 - 2024)

• Dental systems and equipment
  • Instrument delivery systems
  • Dental chairs
  • Dental hand pieces
  • Light curing equipment
  • Dental scaling units
  • Dental CAD/CAM systems
  • Dental lasers
• Dental radiology equipment
• Dental implants
• Dental bridges
• Dental crowns
• Dental veneers
• Orthodontic appliances
• Bonding agents
• Inlays and onlays 

Cosmetic Dentistry Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa

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

Swelling Implementation Of ERP Software In Defense And Aerospace To Drive Market Growth

San Francisco, 07 March 2019 - “ERP Software Market Analysis By Deployment (On-premise, Cloud), By Functions (Finance, Human Resource (HR), Supply Chain), By Verticals (Manufacturing & Services, BFSI, Health Care, Retail, Government Utilities, Aerospace & Defense, Telecom), by End-User (Large Enterprises, Medium Enterprises, Small Enterprises) And Segment Forecasts To 2022” The Global ERP software market is anticipated to witness tremendous gains over the next seven years on account of its increasing application in defense & aerospace, retail, and government utility sectors. The software enables organizations to function with transparency, increases productivity, and enables decision making. The industry is expected to be worth USD 48.22 billion in 2022.

North America ERP software demand, by function, 2012 - 2022 (USD Million)

ERP software as a finance function facilitates management of different financial activities including cash flow management, asset management, accounting, and investment. Finance was the largest segment of the market contributing to over 22.0% of the share in 2014 and is estimated to grow at a 

CAGR exceeding 7.0% from 2015 to 2022.

Human resource is likely to be the fastest growing functional segment owing to rapid organizational development and expansion. Automated HR processes are also expected to drive growth.

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On-premise ERP software deployment model accounted for over 60.0% of the total revenue in 2014, owing to the various benefits offered including high data security and continuous control in the organizations, thereby reducing the dependency on third party vendors. The market was valued at USD 17.01 billion in 2014. Cloud deployment was the second largest segment in 2014 owing to the introduction of mobile devices coupled with lower infrastructure requirements.

Manufacturing & services were valued at USD 5.11 billion in 2014, capturing over 15.0% of the revenue share in 2014. This segment utilizes ERP software for a broad range of business activities including customer services, inventory management, production scheduling, day-to-day performance management, daily operations monitoring and inter-departmental collaboration. Government utilities are expected to capture a significant share due to rising adoption of IT infrastructure.

Medium-enterprises were the largest end-users, accounting for over 40.0% of the global share in 2014, owing to the factors including minimized production costs, increased operational efficiency, and timely product delivery. Stringent government regulations and compliances in organizations have augmented market demand thereby, achieving high productivity and reduced complexity.

North America contributed to over 40.0% of the revenues in the global industry and was valued at USD 11.33 billion in 2014. Increasing technological advancements and rising adoption of ERP software in the finance function by the enterprises in the region to achieve transparency in financial transactions is expected to augment the market demand.

Europe and Asia Pacific are projected to register a speedy growth in the ERP software market owing to the mounting number of enterprises and booming manufacturing industry. Government initiatives, particularly in the emerging economies of Asia Pacific for implementing IT infrastructure are expected to augment the market demand over the forecast period. Key players present in the industry includes IBM Corporation, Oracle Corporation, SAP SE, Sage Group Plc, Syspro, Unit4, Microsoft Corporation and NetSuite Inc.

Grand View Research has segmented the global ERP software market on the basis of deployment, functions, verticals, end-user and region:

Global ERP Software Deployment Outlook (Revenue, USD Million, 2012 - 2022)

• On-premise
• Cloud

Global ERP Software Functions Outlook (Revenue, USD Million, 2012 - 2022)

• Finance
• Human resource (HR)
• Supply chain
• Others

Global ERP Software Verticals Outlook (Revenue, USD Million, 2012 - 2022)

• Manufacturing & services
• BFSI
• Healthcare
• Retail
• Government utilities
• Aerospace & defense
• Telecom
• Others

Global ERP Software End-User Outlook (Revenue, USD Million, 2012 - 2022)

• Large enterprises
• Medium enterprises
• Small enterprises

Global ERP Software regions Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Rest of World

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

HVAC Systems Market Worth Will Beat $183.8 Billion By 2025 With CAGR 5.7%

San Francisco, 01 Mar 2019 - “HVAC Systems Market Size, Share & Trends Analysis Report By Product (Ventilation, Cooling, Heating), By End Use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2018 - 2025” The global HVAC systems market size is anticipated to reach USD 183.8 billion by 2025, according to a new report by Grand View Research Inc. The market is estimated to witness a CAGR of 5.7% during the forecast period. Growing commercial sector and rapid urbanization across the globe are driving the demand for HVAC equipment. Furthermore, incentives and rebates programs offered by various governments to promote the use of energy-efficient units is anticipated to bolster the HVAC equipment market growth.

Moreover, HVAC systems are being integrated with next-generation technologies, such as IoT sensors, remote control systems, and hybrid HVAC units, to provide optimum comfort with reduced energy consumption. This is also anticipated to support the global market expansion over the forecast period. On the other hand, high installation and maintenance costs coupled with complexity of retrofit HVAC installations may hinder the market growth. However, many prominent manufacturers are investing in R&D to develop cost- and energy-efficient units; which will fuel the product demand.

For instance, a California-based company developed an ice-powered air conditioning system. The new system reduces the energy consumption of the building by freezing a significant amount of water overnight and offers six hours of cooling the next day. Several residential complexes and businesses are replacing old HVAC systems with new energy-efficient units for higher performance, energy savings, and cost reduction. Moreover, remodeling and new construction of residential, commercial or industrial buildings requires HVAC systems. These factors are expected to propel the market development over the forecast period.

Asia Pacific region led the HVAC equipment market, in terms of market share. This growth is attributed to the rising disposable income and awareness regarding energy-efficient products. Furthermore, growing real estate industry across the region as a result of increasing population will also have a positive impact on the product demand. The emergence of smart buildings and government initiatives promoting the use of energy- and cost-efficient systems are also expected to boost the market growth in this region.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/hvac-equipment-industry

Further key findings from the study suggest:

• Cooling systems led the HVAC equipment market in 2017 and is likely to grow further on account of rising demand from the residential and commercial sectors
• The residential segment held the majority share of the total revenue in 2017 owing to rise in real estate sector in developing regions
• Driven by Japan and China, Asia Pacific was the dominant region in the global market. It is projected to maintain its dominance in future on account of growing real estate market and consumer disposable income levels
• Leading companies and several governments across the globe are promoting HVAC systems through endorsement labels like ENERGY STAR and incentive programs, which will boost the market growth
• Some of the top companies in this market are LG Electronics, Inc.; Lennox International, Inc.; Carrier Corporation; Samsung Electronics Co. Ltd.; United Technologies Corporation; Johnson Controls International PLC; and Daikin Industries Ltd.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global HVAC systems market on the basis of product, end use, and region:

HVAC Systems Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Heating
• Ventilation
• Cooling

HVAC Systems End Use Outlook (Revenue, USD Billion, 2015 - 2025)

• Residential
• Commercial
• Industrial

HVAC Systems Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Italy
  • Spain
  • France
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Australia
• South America
  • Brazil
  • Argentina
  • Chile
• Middle East & Africa (MEA)

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