Automotive Composites Market Size, Share, Analysis and Forecast To 2025

The global automotive composite market size was estimated at USD 3,577.4 million in 2016. The automotive composite market is influenced by high production and stringent regulations implemented in the automobile section. According to the International Organization of Motor Vehicle Manufacturers, 95 million cars and commercial vehicles were manufactured in 2016.

The polymer matrix composites segment dominated the market in 2016. These composites are extensively used in the manufacture of structural and exterior components which help improve the crashworthiness of vehicles. PMC also offers excellent corrosion resistance, formability, and reduces mechanical vibrations.

Asia Pacific & Europe are projected to experience significant demand for composites in the automotive industry. Joint ventures and long term contracts would be the key to success and durability for market participants. The rising automotive production in countries such as China, the U.S., Japan, Germany, India, and South Korea is projected to augment demand over the coming years.

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Further Study Report Suggest:

• The PMC segment occupied the largest share and is projected to grow at the second highest CAGR over the forecast period
• Glass fiber reinforced polymer composites held the largest share in the PMC segment, on account of its lightweight benefits which range from 15% to 25%
• CFRP also occupied a significant portion in the industry and is gaining preference as compared to metal automotive component that uses aluminum, steel, and iron. CFRPs possess 30% greater strength than other polymer composites with half their weight.
• Stringent emission control regulations established in Europe and North America is projected to enhance fuel saving by reducing vehicle weight
• The exterior components segment accounted for 38% of the global demand and is expected to grow at the highest CAGR over the forecast period
• Composites are used in the manufacture of exterior automotive parts such as panoramic roof modules, rear windshield glazing, wheel covers, headlight housings & lenses, bumper, fender, and front grille among others
• Increasing investment and technological collaborations in the automotive industry is projected to contribute to the demand over the coming years
• Key players include Cytec Solvay Group, Toray Industries, Inc., SGL Group - The Carbon Company, and Teijin Limited
• Companies offer a broad range of products and solutions for application specific use. With growing demand for light weight parts in the automotive sector, automobile manufacturers are collaborating with composite fabricators to develop new products catering to specific client requirement.

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About Grand View Research:

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

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Arrhythmia Monitoring Devices Market Exhibit Growth of $8.41 Billion By 2025

The global arrhythmia monitoring devices market size is expected to reach USD 8.41 billion in 2025 with a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research, Inc. Continuous R&D activities in the field of cardiac monitoring are leading to technological expansion. This, in turn, is positively influencing the growth of the arrhythmia monitoring devices market. Wearable diagnostic patch by iRhythm Technologies, Inc., Zio, has led to symptomatic arrhythmia monitoring, which is superior in comparison to conventional Holter monitors.

Big pharma and medical device companies are heavily investing in R&D to perform a detailed mapping of cardiac arrhythmia. In February 2018, Medtronic received FDA clearance for the first non-invasive cardiac mapping system, CardioInsight. It includes wearable 252-electrode sensor vest that creates 3D electroanatomic maps of heart by combining data from a cardiac computed tomography scan with ECG signals collected from the chest region.

In addition to these technologies, emergence and advancements in mobile cardiac telemetry are leading to further progress of the overall market. In October 2017, Abbott received FDA clearance for Confirm Rx, a smartphone-compatible implantable cardiac monitor indicated for arrhythmia diagnosis. Boston Scientific announced its FDA approval for Resonate, a line of cardiac resynchronization therapy defibrillator and cardioverter defibrillator systems for the cardiac management.

Browse full research report by Grand View Research: www.grandviewresearch.com/industry-analysis/arrhythmia-monitoring-devices-market

Further key findings from the report suggest:

• The arrhythmia monitoring devices market is highly competitive and is rapidly evolving with numerous potential market players
• Holter monitors dominated the market in terms of revenue in 2017. On the other hand, mobile cardiac telemetry is expected to witness the fastest growth rate during the forecast period
• Atrial fibrillation dominated the market in terms of revenue in 2017. The growth in the number of untreated cases of arrhythmias are leading to increasing need for advanced cardiac monitoring devices
• Heightened adoption of sophisticated technologies has led to the expansion of the market. Kardia Mobile by AliveCor captures ECG in 30 seconds projecting the heart rhythm for conditions such as atrial fibrillation
• The hospitals and clinics segment held the largest share in the market in 2017. On the other hand, diagnostic centers are likely to experience the fastest growth over the forecast period
• North America commanded the leading share in the market in 2017 due to faster regulatory approvals for innovative devices and procedures
• AliveCor, Inc.; Applied Cardiac Systems; BioTelemetry, Inc.; BIOTRONIK; Fukuda Denshi Co., Ltd.; GE Healthcare; iRhythm; Medi-Lynx; St. Jude Medical (Abbott); Medtronic; Nihon Kohden Corporation; Nuubo; and Spacelabs Healthcare are some of the key players operating in this market.

Grand View Research has segmented the global arrhythmia monitoring devices market based on type, application, end use, and region:

Arrhythmia Monitoring Devices Type Outlook (Revenue, USD Million, 2014 - 2025)

• ECG Monitors
• Implantable Monitors
• Holter Monitors
• Mobile Cardiac Telemetry

Arrhythmia Monitoring Devices Application Outlook (Revenue, USD Million, 2014 - 2025)

• Bradycardia
• Tachycardia
• Atrial Fibrillation
• Ventricular Fibrillation
• Premature Contraction
• Others

Arrhythmia Monitoring Devices End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Hospitals & Clinics
• Diagnostic Centers
• Others

Arrhythmia Monitoring Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

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About Grand View Research:

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

For More Information: www.grandviewresearch.com

Kitchen Appliances Market Estimated To Reach $246.3 Billion By 2022

San Francisco, 1 Apr 2019: The global kitchen appliances market is estimated to worth USD 246.3 billion by 2022, according to a new study by Grand View Research, Inc. Research and development or innovation by industry participant is anticipated to boost industry growth over the forecast period.

Energy efficiency, cost, technology advancement, quality of the products affect the consumers’ buying decision. Emergence of ecommerce industry and investment in distribution channels has not only boosted industry participants’ revenue but also has expanded their reach. Growing demand for product up-gradation is anticipated to drive industry growth over the next seven years.

Governments worldwide are focusing on curbing energy consumption through new regulation and consumer awareness campaign, which is anticipated to drive demand for energy efficient technology products.

Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period. Increasing demand for ready-to-eat food may pose a challenge to growth over the next seven years.

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Further key findings from the study suggest:

• Kitchen appliances include dishwasher, cooking appliances, refrigerator, and other minor product. Some cooking products include griller, oven, barbecue, heater, fryer, cooker, etc. Increase in surplus money and growing dual earning family is expected to drive the demand for higher end or luxury product. Dishwashers are estimated to witness substantial growth owing to increasing home maid wage and decreasing time for household chores. The cooking appliances market is estimated to grow at CAGR of more than 4% over the forecast period.
• Commercial refrigerators are commonly used at convenience stores, grocery stores, restaurants, cafeterias, supermarkets, and other food stores. Increasing in number of fast-food restaurants is expected to favor commercial segment growth over the forecast period. Residential segment was valued at more than USD 100 billion in 2014 and is expected to be the key application sector over the next seven years.
• North America kitchen appliances market is anticipated to dominate global revenue generation in the coming years. Asia Pacific kitchen appliances market is anticipated to witness significant growth owing to increase income level and rising middle class population in the region. Indian government “Make in India” initiative will not only boost manufacturing but also enable industry players to offer products at low cost to Indian customers.
• Europe kitchen appliances market is expected to be propelled by increasing demand for energy efficient products. Government in European countries and the European Union are trying to curb energy consumption through new regulation and consumer awareness program.
• Companies operating in the industry include Dacor Inc, AB Electrolux, LG Electronics, Haier Group Corporation, Panasonic Corporation, and Philips Electronics. Other prominent vendors include Morphy Richards Limited, Samsung Electronics, Robert Bosch GmbH, and Whirlpool Corporation. In February 2014, Philips announced the availability of Philips Airfryer, an innovative kitchen appliance in nearly over 100 countries around the world. In August 2015, Electrolux Professional announced that it had enhanced its delivery offering to allow dealers and designers access to new commercial kitchen equipment just 24 hours after ordering. In October 2014, Electrolux announced the acquisition of Beefeater Barbecues, an Australian barbecue manufacturer, to increase market growth of niche barbecues in the region.

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/global-kitchen-appliances-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 Pumps Market Holds Growth of $88.43 Billion By 2025

San Francisco, 1 Apr 2019: The global industrial pumps market is expected to reach USD 88.43 billion by 2025, according to a new report by Grand View Research, Inc. Increasing product energy use pumps for the extraction and transport of oil and natural gas is expected to have a positive impact on the market per the next nine years. High crude oil prices will fuel the energy sector's revenue, thereby resulting in more demand for the product.

Government of India has passed Petroleum Chemicals Petrochemicals Investment Region (PCPIR) policy intended for promoting FDI investments in oil & gas sector. This regulatory move is expected to result in increasing production of petrochemicals and polymers in India, thus fueling industrial pump demand over the forecast period.

Technological advancement in enhanced oil recovery and deploying hydraulic fracturing activities in Russia and Ukraine are expected to increase availability of tight oil and shale gas which in turn will have a positive impact on the industrial pumps market over the forecast period. further rising water & wastewater treatment plants in the region will fuel market growth over the next nine years.

Improving economic conditions in Asia Pacific are expected to open new opportunities for pump manufacturers, as the construction, manufacturing and automotive, industries are likely to witness considerable growth over the forecast period. However, tough competition from low-cost manufacturers is expected to be major restraint for development this market.

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Further key findings from the report suggest

• Centrifugal pumps were the largest product segment in 2015 and accounted for over 70% of the market share on account of its low cost and long shelf life
• Construction is one of the largest applications and is expected to witness considerable growth over the next nine years on account of rising number of upcoming projects particularly in Asia Pacific and the Middle East
• Asia Pacific accounted for over 45% of the overall market share in 2015 and is estimated to exhibit a growth of 6.7% over the forecast period owing to upcoming infrastructural projects coupled with the surging industrial developments
• China has been one of the fastest-growing markets for US pumps due to the country’s rapidly expanding industrial bases and infrastructure projects. Other emerging markets that account for a growing share of industry revenue include Mexico, Saudi Arabia and Brazil.
• Companies present in this sector focus their marketing strategies on increasing sales and targeting specific applications so as to exploit their competitive strengths by emphasizing on expanding their geographical presence and capitalize on new markets and industries for existing as well as new products

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About Grand View Research

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

For More Information: www.grandviewresearch.com

Factors Driving the Thermal Spray Coatings Market in Coming Years

San Francisco, 1 Apr 2019: The global thermal spray coatings market size is anticipated to reach USD 14.99 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.7% during the forecast period. Increasing demand from aerospace, industrial gas turbines, and a few other industries is expected to propel the growth.

Growing demand for corrosion resistant coatings from these industries is expected to be a key driver for market growth. Thermal spraying is used to improve or restore the surface of a solid material. This technological process can be used to apply coatings to a wide range of components and materials, to provide resistance to cavitation, wear, abrasion erosion, heat, and corrosion.

In addition, thermal spraying is used to provide insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and various other desirable properties to the coated surface. These coatings have high potential market opportunity on account of its properties such as biocompatibility, cavitation resistance, and aesthetic appeal making them ideally suited for various applications.

Growing oil and gas explorations, particularly in Asia Pacific coupled with upcoming shale gas explorations across the globe is expected to fuel demand over the forecast period. The thermal spray coatings market is characterized by the presence of stringent regulations in various regions including in Europe and North America. There are several regulations governing the market that define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates.

Medical is expected to be a lucrative application segment on account to increasing application scope of thermal spray coating particularly in the biomedical sector. They help extend shelf life and improve performance of dental and orthopedic implants. Advantages of using thermal spray coating in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement.

Automotive industry growth mainly in China, India, Malaysia, Indonesia, and Thailand is expected boost production capacities of coating manufacturing companies. Asia Pacific is expected to be the fastest growing market on account of increasing vehicle production along with rapid economic growth in China, India, Japan, Indonesia, South Korea, and Thailand.

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Further key findings from the report suggest:

• In terms of revenue, ceramics product segment is anticipated to reach USD 4.81 billion by 2025, growing at a CAGR of 7.2% from 2017 to 2025
• Aerospace application segment dominated the market in terms of revenue, with a market share of over 32.30% in 2017, owing to the ability of thermal spray coating to provide wear and corrosion protection, low toxic gas emissions, thickness capability, and electrical resistance to the surface
• The U.S. thermal spray coatings market is anticipated to exceed USD 3.04 billion by 2025 owing to the presence of various manufacturers and suppliers in the country
• The market is competitive with the presence of a number of global, medium, and small scale companies catering to the global and local demand. The companies engage in mergers and acquisitions to expand their market reach and product portfolios
• Some of the key companies include Praxair Surface Technologies; H.C. Starck Inc.; Wall Colmonoy; Powder Alloy Corporation; Carpenter Technology Corporation; Montreal Carbide Co. Ltd.; and Kennametal Stellite.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermal-spray-coating-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