Fuel Cell Vehicles Market Is Predicted To Reach $1.75 Billion By 2025 With CAGR: 33.7%

San Francisco, 10 June 2019 - The global fuel cell vehicles market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 33.7% CAGR during the forecast period. This rapid growth can be attributed to increase in investments by governments over the world for development and adoption of fuel cells.

Fuel cell vehicles ensure emission-free operation, which will effectively reduce the carbon footprint and significantly drive product demand over the next few years. The key factor expected to drive the industry is advancements in fuel cell technology. Ongoing advancements have helped match performance with conventional fuel vehicles, with respect to power output and user experience.

Adoption of fuel cell vehicles worldwide is expected to rise over the forecast period due to increasing awareness about reducing harmful emissions, strict environmental regulations, and growing incentives for use of clean energy.

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Further key findings from the report suggest:

• The global fuel cell vehicles market was valued at USD 194.5 million in 2017 and is expected to exhibit a CAGR of 33.7% over the forecast years owing to growing trend of clean energy consumption
• Several government initiatives and programs to encourage the use of fuel cell vehicles have led to an increase in their adoption, subsequently increasing their demand over the past few years
• North America accounted for the largest market share in 2017 and is anticipated to exhibit a CAGR of over 36.0% over the forecast period. This can be attributed to massive investments by the United States Department of Energy (DoE) in development of fuel cells and improvement of infrastructure
• Although the Europe fuel cell vehicles market accounted for just over 3.0% of the overall market revenue in 2017, it is anticipated to be the fastest growing region with CAGR of more than 38.0% over the forecast period
• Key market players include Toyota Motor Corporation, Honda Motor Company, Ltd., and Hyundai Motor Company. Apart from these, there are several other automobile manufacturers that are in the process of launching their fuel cell vehicles. 

Grand View Research has segmented the global fuel cell vehicle market on the basis of region:

Fuel Cell Vehicles Regional Outlook (Volume, Units; Revenue, USD Billion, 2014 - 2025)

• North America
• Europe
• Asia Pacific

Access Official Press Release Of This Report: www.grandviewresearch.com/industry-analysis/fuel-cell-vehicle-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

Dehumidifier Market Is Projected To Reach $4.3 Billion By 2025 With CAGR: 6.7%

San Francisco, 10 June 2019 - The global dehumidifier market size is expected to reach USD 4.3 billion by 2025, according to a new study conducted by Grand View Research, Inc., registering a 6.7% CAGR during the forecast period. Rising demand for dehumidifiers in hotels, restaurants, and cold storages to minimize food wastage caused due to humid air is expected to drive the market.

Increasing awareness among consumers toward health, along with extensive research and development activities carried out by market players, are anticipated to fuel market growth. Dehumidifiers reduce humidity by eliminating water content from the air. They are widely used for comfort or health reasons.

Recent technological developments are focused on energy-efficient dehumidifiers. In addition, introduction of cloud-based technology that allows users to control dehumidifiers through smartphones, tablets, and computers is expected to accelerate market growth. Development of advanced dehumidifiers that automatically calculate humidity level and set the functioning accordingly is also expected to boost the dehumidifier market over the forecast period.

Stringent legal and regulatory standards have compelled manufacturers to develop energy-efficient dehumidifiers. This is further estimated to benefit the global market. Rising demand for portable dehumidifiers in residential and commercial applications is expected to drive growth.

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Further key findings from the report suggest:

• By product, the chemical absorbent segment is expected to account for the largest market share in terms of revenue, also exhibiting the highest CAGR of 7.0% from 2018 to 2025. Development of solar-assisted, liquid desiccant dehumidifier systems that improve sustainability and energy efficiency is expected to drive this segment
• Sorption technology is expected to register the highest growth owing to the introduction of eco-friendly cooling agents such as R-410A
• The industrial segment is projected to dominate the market over the forecast period by application and also register the highest growth rate through 2025
• North America is expected to continue its dominance in the market over the forecast period and is anticipated to reach USD 1.5 billion by 2025. Increasing number of hotels and restaurants and growth of the construction industry are expected to propel the regional market
• Key industry participants include De’Longhi Appliances S.r.I; General Filters, Inc.; Heat Controller, Inc.; Munters; and Seibu Giken DST AB.

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

Dehumidifier Product Outlook (Revenue, USD Million, 2014 - 2025)

• Chemical Absorbent
• Heat Pump
• Ventilating Dehumidifier

Dehumidifier Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Cold Condensation
• Sorption
• Warm Condensation
• Others

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

• Commercial
• Industrial
• Residential

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

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

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-dehumidifier-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

Data Center Cooling Market Is Poised To Reach $20.7 Billion By 2025 With CAGR: 13.5%

San Francisco, 10 June 2019  - The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc. Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.

Emergence of cloud computing coupled with initiatives by government organizations to promote the adoption of cloud technology and enable prominent vendors to introduce technological advancements is driving the market growth. For example, the government of UAE introduced various projects including Smart Dubai and Smart Abu Dhabi, which were aimed at bringing about digital transformation and economic growth in the country. Such initiatives are expected to drive the market in UAE.

Data center cooling accounts for over 30% of the total energy consumption. In the current scenario, companies are moving toward sustainable cooling, which can save up to 80% or more on energy costs for cooling. For instance, Apple’s North Carolina data center facility operates completely on sustainable, eco-friendly power sources as data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off 75% of the time.

Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth.

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Further key findings from the study suggest:

• Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networks
• Furthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growth
• Middle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniques
• Several IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle East
• Europe is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countries
• The raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025
• Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry participants focus on introducing different techniques to enhance their market presence

Grand View Research has segmented the global data center cooling market on the basis of product, application, containment, structure, and region:

Data Center Cooling Product Outlook (Revenue, USD Million, 2014 - 2025)

• Air Conditioners
• Precision Air Conditioners
• Chillers
• Air Handling Units
• Others

Data Center Cooling Application Outlook (Revenue, USD Million, 2014 - 2025)

• Telecom
• IT
• Retail
• Healthcare
• BFSI
• Energy
• Others

Data Center Cooling Containment Outlook (Revenue, USD Million, 2014 - 2025)

• Raised Floor with Containment
  • Hot Aisle Containment (HAC)
  • Cold Aisle Containment (CAC)
• Raised Floor without Containment

Data Center Cooling Structure Outlook (Revenue, USD Million, 2014 - 2025)

• Rack-based Cooling
• Row-based Cooling
• Room-based Cooling

Data Center Cooling Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-data-center-cooling-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

Cryogenic Equipment Market Revenue Is Predicted To Reach $25.05 Billion By 2022

San Francisco, 10 June 2019 - The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022, according to a new report by Grand View Research, Inc. Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG being an extremely low emission fuel is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand.

Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period.

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Further key findings from the report suggest:

• Tanks accounted for over 55% of the overall revenue in 2014. The need to store gases for several critical industrial processes as against conventional cooling lubricants (CLFs) is anticipated to drive the product demand over forecast period.
• Storage segment contributed over 65% of the overall revenue and is projected to display substantial growth with a CAGR exceeding 8% from 2015 to 2022. It provides a consistent and accurate temperature for storage and is expected to play a vital role in driving demand.
• Growth in the power & energy segment can be primarily attributed to rapid industrialization and several government initiatives. The segment accounted for over 20% of the revenue in 2014.
• Asia Pacific emerged as a dominant region with market size over USD 4.0 billion in 2014. The quest for Liquefied Natural Gas (LNG) in Asia Pacific is expected to drive growth over the forecast period, making it the highest revenue generating region.
• North America cryogenic equipment market is anticipated to experience significant growth over the forecast period. The North American food & beverage industry has witnessed a substantial growth over the last few years; a trend anticipated to provide an impetus for future market growth.
• Key market participants include Cryo pure, Packo Industry, Cryofab, Shell-N-Tube, Cryodepot, and Taylor-Wharton International LLC. Industry participants strive to focus on innovation and technical knowledge while simultaneously trying to own several patents and trademarks along with R&D activities. Purveyors abide by regulations such as DOE 6430.1A, DOE 5481.1B, DOE 5700.6C, CGA Pamphlet P-1, CGA Pamphlet S-1.1, ASME, and ASME B31.3 to manufacture safe and functional equipment.

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Grand View Research has segmented the global cryogenic equipment market based on product, gas, application, end-use, and region:

Cryogenic Equipment Product Outlook (Revenue, USD Million; 2012 - 2022)

• Tank
• Valve
• Pumps & Vaporizers
• Vacuum Jacketed Piping (VJP)
• Others

Cryogenic Equipment Gas Outlook (Revenue, USD Million; 2012 - 2022)

• Nitrogen
• Oxygen
• Argon
• Natural Gas
• Others

Cryogenic Equipment Application Outlook (Revenue, USD Million; 2012 - 2022)

• Distribution
• Storage

Cryogenic Equipment End-Use Outlook (Revenue, USD Million; 2012 - 2022)

• Oil & Gas
• Metallurgy
• Electronics
• Power & Energy
• Food & Beverage
• Healthcare
• Marine

Cryogenic Equipment Regional Outlook (Revenue, USD Million; 2012 - 2022)

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

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

Automotive Robotics Market Is To Be Of $13.6 Billion By 2025 | CAGR: 13.8%

San Francisco, 04 May 2019 - The global automotive robotics market is expected to reach USD 13.6 billion by 2025, according to a new report by Grand View Research, Inc. The increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth. 

Industrial revolutions and initiatives taken by the government regarding automation of manufacturing sectors boost the sales of automotive robots. The governments are providing tax exemptions for R&D and providing tax cut which will reduce the cost of manufacturing and improve the manufacturing opportunities in the countries rather than going for offshore manufacturing.

Articulated robots are expected to grow over the forecast period due to their flexibility and various operations that can be performed by the six axes robots. It can be used for various applications such as welding, material handling, dispensing and material removal applications and the robot has a large work envelope. Articulated robots are growing at a CAGR of 14.4% over the forecast period.

The welding application segment holds the largest share of automotive robotics market in 2016 and is expected to reach over USD 5.0 billion by 2025. Robots are being employed in different aspects of the production line due to their large work envelope. Automotive manufacturers widely used robots for spot welding in vehicles.

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Further key findings from the report suggest:

• The global automotive robotics market accounted for USD 4.34 billion in 2016 and is expected to grow at a CAGR of 13.9% from 2017 to 2025
• Articulated robot emerged as the largest segment in 2016 and is estimated to generate revenue over USD 8.50 billion by 2025
• The welding market for automotive robotics is estimated to reach over USD 5.0 billion by 2025
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of automation in the manufacturing sector. The regional market is expected to grow at a CAGR of 14.9% from 2017 to 2025.
• Small and medium sized enterprises in Europe are also adopting automation due to the initiatives taken by European union to produce affordable, easy to install and modular robots. This initiative is anticipated to act useful to the SMEs in their manufacturing process and reduce the production time and labor costs. Several manufactures such as ABB and Kuka AG have launched robotic arms and collaborative robots for SMEs.
• Key players include ABB Robotics, Fanuc Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd. and others dominated the market, accounting for a majority share of the overall market in 2016

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

Automotive Robotics Product Outlook (Revenue, USD Million, 2014 - 2025)

• Articulated
• Cartesian
• Cylindrical
• Polar/Spherical
• SCARA

Automotive Robotics Application Outlook (Revenue, USD Million, 2014 - 2025)

• Assembly
• Dispensing
• Material Handling
• Welding
• Others

Automotive Robotics Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-automotive-robotics-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

Enterprise Key Management Market Size Worth $3.61 Billion By 2025

San Francisco, 04 June 2019  - The global enterprise key management market is expected to reach USD 3.61 billion by 2025, according to a new study by Grand View Research, Inc. Increasing number of data breaches and loss of confidential data, coupled with increasingly stringent regulations and compliance standards to safeguard sensitive data from malicious users, have led to the implementation of advanced enterprise security solutions across different industries. The shift of organizations toward a digital environment for offering digital services and the need to protect increasing volumes of sensitive data are expected to drive the enterprise key management market.

    

Enterprise key management is an essential component of data encryption solutions and involves managing and dealing with generation, exchange, storage, use, destruction, and replacement of cryptographic keys that encrypt different data sources such as emails, databases, disk drives, big data repositories, backup tapes, and data over cloud environments. The key management solutions protect cryptographic keys throughout their lifecycle and restrain unauthorized users from accessing the keys or data.

Organizations are increasingly deploying encryption solutions to protect confidential data, thus, enabling the growth of the enterprise key management market. However, issues related to lack of skilled key management workforce and standardized key management systems are expected to challenge the industry. Furthermore, the high cost and complex deployment of key management solutions are expected to hinder the market growth.

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Further key findings from the study suggest that:

• North America is expected to be the largest market during the forecast period, owing to technological proliferation and accelerated adoption of digital services
• Asia Pacific emerged as the fastest-growing market with a CAGR of 22.0% over the forecast period.
• Disk encryption segment accounted for 37.07% of the overall market share in 2016, however cloud encryption segment will have the highest growth rate
• The BFSI segment accounted for 31.9% in 2016. Increased online and mobile transactions, along with data security regulatory mandates will drive the market growth
• Increasing investments in cloud-based encryption solutions and the need to protect increasing data volume will drive the growth of the enterprise key management market
• The key participants include EMC Corporation, Gemalto N.V., Hewlett-Packard Enterprise, IBM, Thales e-security, Microsoft Azure, Inc., and CA Technologies

Grand View Research has segmented the enterprise key management market on the basis of applications, deployment, enterprise size, verticals, and regions:

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

• Disk Encryption
• File/Folder Encryption
• Database Encryption
• Communication Encryption
• Cloud encryption

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

• On Premise
• Cloud

Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

• Small and Medium Enterprise (SME)
• Large Enterprises

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

• BFSI
• Government & Defense
• Healthcare
• IT & Telecom
• Retail
• Utilities
• Others

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

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

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-enterprise-key-management-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

High-End Lighting Market Size, Share, Key Driving Factors, Segments, Total Revenue Growth And Forecast By 2025

San Francisco, 04 June 2019 - The global high-end lighting market is expected to reach USD 24.32 billion by 2025, growing at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Increasing demand for connected lighting system has been a major factor driving market growth. Some major technological innovations in this particular market such as connected, dimmable, color changing, and sensor-enabled lightings have contributed largely to the market growth.

The introduction of LEDs in recent years has changed market dynamics for high-end lighting which was previously dominated by conventional lights such as fluorescent lights, halogen and incandescent bulbs. Governments across all major countries have taken initiatives for the adoption of LEDs in order to save energy and reduce environmental pollution which is further anticipated to boost the market growth for high-end lighting.

High-end fluorescent lamps accounted for maximum revenue generation in 2016. The demand for high-end LED lighting is increasing and it is projected to gain huge market share by 2025. The factors such as enhanced LED features, government initiatives for ban on incandescent bulbs and increasing demand for energy efficient lighting is anticipated to drive the market growth for high-end LEDs.

High-end lighting with wired application segment accounted for larger market share in 2016 and is expected to dominate the market over the forecast period. However, the market for wireless high-end lightings is projected to grow at a high rate owing to the technological advancement such as remote controlled operations via smartphone, dimming & color changing feature, Wi-Fi and Bluetooth connectivity. Wireless lighting is easier to install without damaging the interior and are also more efficient than wired ones, thus the demand for the wireless high-end lighting is expected to eventually grow over the forecast period.

By interior design, transitional lighting accounted for largest market share in 2016, the requirement for transitional interior consist of a mixture of modern and traditional lights. The interior design market is slowly moving from transitional to modern interior, thus market for modern high-end lighting market is anticipated to grow at a highest rate over the forecast period. However, traditional high-end lighting is projected to witness a steep fall in overall high-end lighting market owing rising number of smart homes and smart city projects.

In 2016, commercial high-end lighting accounted for over 32% market share, whereas residential high-end lighting still holds largest market share. The industrial high-end lighting is anticipated to grow exponentially over the forecast period owing to increasing industrial lighting standards and regulations.

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Further key findings from the report suggest:

• Global LED high-end lighting demand was USD 5.12 billion in 2016 and is anticipated to witness staggered growth over the next nine years
• The wired high-end lighting segment is anticipated to grow at CAGR of 4.9% over the forecast period.
• The modern high-end lighting segment is projected to grow at CAGR of 6.8% from 2017 to 2025.
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various developments across major economies, especially in the LED and OLED lighting market. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025.
• Key players including Philips Lighting Holding B.V., OSRAM Licht AG, General Electric Company, CREE, Inc. and Digital Lumens, Inc. dominated the global high-end lighting market while accounting for over 58% of the total revenue in 2016

Grand View Research has segmented the global high-end lighting market on the basis of light source, application, interior design, end user and region:

Light Source Type Outlook (Revenue, USD Million, 2015 - 2025)

• LED Lamps
• HID Lamps
• Fluorescent lights
• Others

Application Type Outlook (Revenue, USD Million, 2015 - 2025)

• Wired
• Wireless

Interior Design Outlook (Revenue, USD Million, 2015 - 2025)

• Modern
• Traditional
• Transitional

End-User Outlook (Revenue, USD Million, 2015 - 2025)

• Commercial
• Industrial
• Residential
• Others

Regional Outlook (Revenue, USD Million, 2015 - 2025)

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

Access Official Press Release Of This Report:  www.grandviewresearch.com/press-release/global-high-end-lighting-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