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Wireless Charging Market Share, Size, Business Strategy, Growth Analysis, Report 2023-2028

IMARC Group’s latest research report, titled “Wireless Charging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The wireless charging industry outlook report also includes competitor and regional analysis, and contemporary advancements in the market. The global wireless charging market size reached US$ 15.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.77% during 2023-2028.

Wireless Charging Industry Outlook:

Wireless charging is a way of charging batteries without the use of cables. It is used for various devices, including smartphones, laptops, MP3 players, and larger objects, such as robots and electric cars. There are mainly three methods of wireless charging, inductive, radio, and resonance charging. It transmits energy from a power source to a consuming device without wires or cables. It consists of a charging station that transmits the energy and a receiver that receives it and charges the battery. It is a reliable, convenient, and safe technology to power and charges electrical devices. It provides cost-effective, efficient, and safer benefits over traditional charging systems by eliminating physical connectors and cables.

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Global Wireless Charging Industry Demand:

The global market is primarily driven by the increasing demand for the efficient charging system. In line with this, the rising reliance on smart Internet of Things devices and expanding ICT sector worldwide are significantly contributing to market growth. Furthermore, the growing penetration of connected solutions and the development of smart IoT hubs are positively influencing the market. Apart from this, the escalating awareness about physical fitness and wearable devices among the population is catalyzing the demand for wireless charging for these devices.

Moreover, the shifting inclination towards autonomous driving technology by automotive OEMs is propelling the demand for wireless charging for e-vehicles. Besides, the increasing government’s support for the development of wireless charging is creating a positive outlook for the market. Additionally, the rising acceptance of wireless technology in the consumer electronics industry and the growing proliferation of wireless portable devices are providing a boost to the market.

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Key Market Segmentation:

Top Wireless Charging Brands Worldwide:

Convenient Power HK Limited
Energizer Holdings, Inc
Integrated Device Technology
Leggett & Platt Incorporated
Murata Manufacturing Co. Ltd
Powermat Technologies Ltd.
Qualcomm Incorporated
Texas Instruments Incorporated
Witricity Corporation
Samsung

Market Breakup by Technology:

Resonant Charging
Radio Frequency Based charging
Others

Market Breakup by Application:

Consumer Electronics
Industrial
Healthcare
Automotive
Defence

Market Breakup by Transmission Range:

Short Range
Medium Range
Long-Range Wireless Chargers

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Mattress Market Size, Share, Growth, Key Players, Outlook and Forecast 2023-2028

The latest report by IMARC Group, titled “Mattress Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The mattress industry outlook report also includes competitor and regional analysis, and contemporary advancements in the market. The global mattress market size reached US$ 36.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.02% during 2023-2028.

Mattress Market Overview:

A mattress is a rectangular pad designed to be used as a bed or as a frame part of a bed to support the reclining body. It is manufactured from heavy cloth that comprises foam rubber, hair, straw, cotton, or a framework of metal springs. It plays a vital role in offering support and comfort to the body by keeping the spine in a neutral position and easing sleep. It provides numerous benefits, such as assisting in minimizing nervousness, irritability, headaches, and stress experienced by individuals promoting good form and posture and maintaining emotional and mental health. Some commonly available mattresses include innerspring, airbed, hybrid, waterbed, foam and memory foam, pillow tops, gel, latex, and adjustable foundations.

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Global Mattress Industry Demand :

The rising demand for home furnishing products among the masses is driving the global market. Moreover, the increasing infrastructural development projects and the growing number of luxury hotels are also contributing to the market. Besides, due to the increasing occurrences of back problems due to discomfort sleeping position, this is providing a boost to the demand for airbeds, waterbeds, and foam-based mattresses that offer superior comfort.

In line with this, numerous major companies are focusing on introducing smart mattresses with AI technology, which helps in detecting health, sleeping hours, and breathing patterns of an individual while sleeping is gaining widespread prominence among individuals. Other factors, such as inflating disposable income levels of the masses and the rising prevalence of multifunctional beds, are also influencing the market.

Top companies in Mattress Market:

Kingsdown Inc.
Kurlon Enterprise Ltd.
Leggett & Platt Incorporated
Paramount Bed Co. Ltd.
Sealy Corporation
Serta Inc.
Simmons Bedding Company LLC
Sleep Number Corporation
Southerland Inc.
Spring Air Company
Tempur-Pedic International, Inc

Key Market Segmentation:

Breakup by Product:

Innerspring
Memory Foam
Latex
Others

Breakup by Size:

Twin or Single
Twin XL
Full or Double
Queen
King
Others

Breakup by Application:

Domestic
Commercial

Breakup by Distribution Channel:

Online
Offline

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Stevia Market Outlook 2023, Trends, Growth and Forecast by 2028

According to the latest report by IMARC Group, titled “Stevia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The stevia industry report also includes competitor and regional analysis, and contemporary advancements in the market. The global stevia market size reached US$ 705 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,132 Million by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

Stevia Market Overview:

Stevia is a natural sweetener that is derived from the leaves of the Stevia rebaudiana plant. It is a completely natural and zero-calorie sweetener that contains a wealth of antioxidant compounds, including flavonoids, triterpenes, tannins, caffeic acid, kaempferol, and quercetin. It is often used in combination with other sweeteners or ingredients to balance its intense sweetness and achieve the desired flavor profile. It is also considered a sustainable alternative to other sweeteners, as it requires less land, water, and resources to cultivate compared to other crops used for sweeteners, such as sugar cane or corn. It is available in various forms, including liquid, powder, and granular form, and can be used in multiple applications, such as beverages, baked goods, and desserts.

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Global Stevia Market Trends:

The rising health consciousness among consumers is driving the global market. Along with this, the increasing awareness of the health impact of traditional sweeteners, such as sugar and corn syrup, is contributing to the overall demand. Moreover, the development of new extraction technologies has made it easier and more cost-effective to produce Stevia, thus creating a positive market outlook.

Besides, several leading players are heavily investing in research and development to improve the taste and functionality of Stevia, which is providing a boost to the market. Other factors, including product awareness campaigns undertaken by numerous manufacturers, increasing consumer preference for plant-based and natural product variants, growing incidences of lifestyle diseases, and a rising geriatric population are also influencing the market.

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Key Market Segmentation:

Breakup by Extract Type:

Powder
Liquid
Leaf

Breakup by End Use:

Beverages
Food Products
Table Top Sweeteners
Pharmaceuticals
Others

Competitive Landscape with Key Players:

The competitive landscape of the market has been examined in the report with detailed profiles of major players operating in the market.

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Plant-Based Meat Market Outlook 2023-2028, Share, Size, Growth Analysis and Forecast

IMARC Group’s latest research report, titled “Plant-Based Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The plant-based meat market report also includes competitor and regional analysis, and contemporary advancements in the market. The global plant-based meat market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2028, exhibiting a growth rate (CAGR) of 25.64% during 2023-2028.

Plant-Based Meat Market Overview:

Plant-based meat is a meat-like, vegan alternative that resembles meat products in texture, color, appearance, and flavor. It is produced by mixing plant protein isolates, vegetable extracts, starch, oils, and seasonings and processing with additives to attain animal meat flavor. These products help minimize the risks of cardiovascular diseases, maintain calories, and increase protein consumption. Owing to this, plant-based meat products are widely adopted in cafes, fast food joints, restaurants, and other catering platforms and are consumed by individuals across the globe.

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Top Manufacturers in Plant-Based Meat Industry:

Amy’s Kitchen, Inc.
Beyond Meat
Boca Foods Company (Kraft Foods, Inc.)
Garden Protein International (Conagra Brands, Inc.)
Impossible Foods, Inc.
Maple Leaf Foods
MorningStar Farms (Kellogg Na Co.)
Quorn Foods
The Vegetarian Butcher
Vbites Food Limited

Global Plant-Based Meat Market Trends:

The market is primarily driven by the emerging trend of veganism across the globe. In addition, the growing prevalence of chronic diseases such as obesity and diabetes among individuals represents another major growth-inducing factor. Besides this, various animal welfare organizations, such as PETA, are introducing several awareness campaigns to reduce excessive animal killing for meat consumption. This, coupled with the elevating consumer living standards and the changing consumer inclination from a non-vegetarian diet toward plant-sourced foods, is positively influencing the market growth. Moreover, prominent food companies are entering into strategic partnerships and collaborations with vegan meat-producing start-ups to expand their product portfolios, thus creating a positive market outlook across the globe.

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Key Market Segmentation:

Breakup by Product Type:

Burger Patties
Sausages
Nuggets and Strips
Ground Meat
Meatballs
Others

Breakup by Source:

Soy
Wheat
Peas
Others

Breakup by Meat Type:

Chicken
Beef
Pork
Others

Breakup by Distribution Channel:

Restaurants and Catering Industry
Supermarkets and Hypermarkets
Convenience and Specialty Stores
Online Retail

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Who we are:

Gaming Market Report, Industry Growth, Top Key Players, Demands and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Gaming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the gaming market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global gaming market size reached US$ 202.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 343.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.08% during 2023-2028.

Gaming Market Overview:

Gaming involves playing video games on electronic devices such as gaming consoles, computers, mobile phones, and arcade machines. It enhances the gamer’s hand-eye coordination, mental and physical health, ability to multitask, and problem-solving skills. Video games help entertain and relax the player and the viewer while stimulating the mind and body. It improves cognitive ability, develops specific skills in children, and assists teachers in the classroom. The gaming sector has significantly evolved due to the development of advanced graphical engines and information technology. Currently, gaming is gaining immense traction among the masses as a major source of entertainment across the globe.

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List Of Top Gaming Companies Worldwide:

Tencent Holdings Limited
Sony Corporation
Microsoft Corporation
Apple Inc.
Activision Blizzard, Inc.
Google LLC
NetEase Inc.
Electronic Arts Inc.
Nintendo Co., Ltd.
Bandai Namco Holdings Inc.

Global Gaming Market Trends:

The rising penetration of the internet and smartphones and the easy availability of online games in different genres, such as simulation, strategy, and action, represent the primary factors driving the market growth. Moreover, the development of 5G technology and the introduction of advanced network connectivity enable cloud gaming and allow consumers to stream high-end games across any mobile device while eliminating the requirement for a traditional gaming console. This, in turn, is positively influencing the market growth.

Additionally, the rising investments by gamers in online games, including Fortnite, World of Warcraft, League of Legends, PUBG, and Minecraft, have catalyzed market growth. Besides this, numerous games allow players to explore and seek quests, such as Grand Theft Auto and Batman: Arkham Knight, thereby propelling the market growth. Furthermore, recent technological advancements in software and hardware, including augmented reality (AR) and virtual reality (VR), are contributing to market growth.

Apart from this, the shifting consumer inclination toward gaming, as it relieves stress, provides the experience of working in a team, and gives a sense of achievement to players, is another major growth-inducing factor. Other factors, including the growing popularity of e-sports and multiplayer video game competition between professional and amateur players, improving internet connectivity, increasing adoption of mobile and browser games, and inflating consumer disposable incomes, are also anticipated to drive the market further.

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Key Market Segmentation:

Breakup by Device Type:

Consoles
Mobiles and Tablets
Computers

Breakup by Platform:

Online
Offline

Breakup by Revenue Type:

In-Game Purchase
Game Purchase
Advertising

Breakup by Type:

Adventure/Role Playing Games
Puzzles
Social Games
Strategy
Simulation
Others

Breakup by Age Group:

Adult
Children

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

About Us:

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Solar PV Inverter Market Size, Share, Trends Analysis, Growth and Report 2023-2028

IMARC Group’s latest research report, titled “Solar PV Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the solar PV inverter market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global solar PV inverter market size reached US$ 7.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

Solar PV Inverter Market Overview:

A solar inverter, also known as a PV inverter, is a device that plays a significant role in a solar electric power system. It converts direct current (DC) from solar panels to alternating current (AC). It also helps maximize electricity production by varying the resistance (load) and ensuring compliance with regulations about feeding electricity into the grid. In addition, it assists in managing temperature, optimizing power, and controlling and monitoring all parameters, yields, and operational data. Owing to these benefits, solar PV inverters are widely utilized in utilities and industrial sectors.

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Global Solar PV Inverter Market Trends:

The market is primarily driven by rising environmental concerns about greenhouse gas (GHG) emissions and the growing awareness among consumers regarding renewable energy sources. In addition, inflating fossil fuel prices across the globe represents another major growth-inducing factor. Besides this, the declining cost of solar inverters in both developed and developing economies is also contributing to market growth. Moreover, the market is further propelled by various technological advancements and the implementation of government policies to support the uptake of renewable energy sources. Furthermore, the surging need for rural electrification is anticipated to create a positive market outlook in the coming years.

Top Companies in Global Solar PV Inverter Market:

ABB Ltd, Schneider Electric SE
Siemens AG
Mitsubishi Electric Corporation
Omron Corporation
General Electric Company
SMA Solar Technology AG
Delta Energy Systems Inc.
Enphase Energy Inc.
SolarEdge Technologies Inc.
Huawei Technologies Co. Ltd
Kstar New Energy Co. Ltd
Sineng Electric Co. Ltd
Sungrow Power Supply Co Ltd
Tabuchi Electric Co. Ltd
TBEA Sunoasis Co. Ltd
Toshiba Corporation

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Key Market Segmentation:

Market Breakup by Technology:

central inverter
string inverter
microinverter
others

Market Breakup by Application:

utility scale
residential scale
small commercial scale
large commercial scale
industrial scale

Market Breakup by voltage:

< 1,000 V
1,000 – 1,499 V
> 1,500 V

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other

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Heat Exchanger Market Size, Industry Growth Rate and Report 2023-2028

IMARC Group’s latest research report, titled “Heat Exchanger Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the heat exchanger market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global heat exchanger market size reached US$ 17.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.75% during 2023-2028.

Heat Exchanger Market Overview:

Heat exchanger refers to a device that transfers heat from one medium to another. It comprises streams of hot and cold fluids that are separated by a solid wall of the thermally conductive tube or plate, which helps eliminate direct contact between the two mediums. It is used in various applications, such as heating and air conditioning systems, refrigeration, power plants, chemical processing systems, automobile radiators, food processing systems, and waste heat recovery units. The main types of heat exchangers include shell-and-tube, finned tube, bare tube, plate-and-frame, spiral, and plate coil. In recent years, heat exchangers have gained traction due to their extensive employment in various industry verticals, such as oil and gas, chemical, petrochemical, HVAC, food and beverages, and power generation.

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Global Heat Exchanger Market Trends:

One of the primary factors driving the market is the augmenting demand for heat, ventilation, and air-conditioning (HVAC) in the industrial, commercial, and residential sectors. Additionally, the growing environmental concerns and rising awareness among individuals about the use of energy-efficient and environment-friendly devices are creating a positive market outlook. Other than this, the increasing focus on developing cost-effective and efficient product variants is positively influencing the market growth.

Besides this, all procedures in the petrochemical facilities involve high pressure and temperature, which leads to a necessity to optimize heat transfer and enhance energy savings. As a result, the growth of petroleum refinery industries for maintaining optimum temperatures, and extensive investments by oil and gas organizations in exploration and production activities are propelling the market growth. Other growth-inducing factors include constant technological advancements, rapid industrialization, and the increasing renovation of existing power plants and the construction of new ones.

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Key Market Segmentation:

Top Heat Exchanger Manufacturers Worldwide:

Alfa Laval
API Heat Transfer Inc.
Danfoss
General Electric Company
Hisaka Works
IHI Corporation
Johnson Controls
Kelvion Holding GmbH
Koch Industries
Lytron Inc.
Mersen
Modine Manufacturing
Royal Hydraulics
Sondex A/S
Xylem Inc

Breakup by Type:

Shell & Tube
Plate & Frame
Air Cooled
Others

Breakup by Material:

Carbon Steel
Stainless Steel
Nickel
Others

Breakup by End-Use Industry:

Chemical
Petrochemical and Oil & Gas
HVAC and Refrigeration
Food & Beverage
Power Generation
Paper & Pulp
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Who we are:

Yeast market Report 2023-2028: Share, Size, Growth and Forecast

IMARC Group’s latest research report, titled “Yeast Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the yeast market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global yeast market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

Yeast Market Overview:

Yeast is a eukaryotic, microscopic fungus comprising single oval cells that reproduce through budding and can convert sugar into carbon dioxide and alcohol. It is found in nature, inhabiting soils, plants, and animals. It is a rich source of minerals, zinc, copper, selenium, chromium, vitamins, and proteins. It is widely used in the process of baking and fermenting, thereby enhancing the value of the nutritional property and flavoring foods. It is found in several items, including snack flavoring, bakery products, alcoholic beverages, meat products, salty foods, sauces, and nutritional supplements. It is also an essential component of many biotechnological processes, such as the production of enzymes, pharmaceuticals, and biofuels.

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Yeast Market Demand Analysis:

Significant growth in the food and beverage industry is driving the global market. Coupled with this, the rising consumption of bakery products and alcoholic beverages is catalyzing the demand for yeast. Moreover, the increasing awareness among individuals about the high nutritional value and health benefits of inactivated nutritional yeast is creating a positive market outlook. Besides, technological developments in the biotechnology industry, such as advancements in yeast genetics, fermentation processes, and strain development, are providing a boost to the market across the globe. Furthermore, the increasing demand for biofuels as a clean energy source is fostering the demand for yeast as it is used in the production of bioethanol, which is a renewable and sustainable fuel source.

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Key Market Segmentation:

Top Yeast Brands Worldwide:

Associated British Foods Plc
Lesaffre & CIE
Angel Yeast Co., Ltd
Cargill, Incorporated
Chr. Hansen A/S
Alltech Group
Lallemand Inc.
Koninklijke DSM N.V.
Nutreco N.V.
Kerry Group plc
Synergy Flavors, Inc.
The Archer Daniels Midland Company
Oriental Yeast Company Limited
Diamond V Mills, Inc. (Diamond V)
Pacific Ethanol, Inc.
Leiber GmbH

Breakup by Form:

Dry Yeast
Instant Yeast
Fresh Yeast
Others

Breakup by Type:

Baker’s Yeast
Brewer’s Yeast
Wine Yeast
Bioethanol Yeast
Feed Yeast
Others

Breakup by Application:

Food
Bakery
Alcoholic Beverages
Prepared Food
Others
Feed
Other Applications

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other

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Vertical Farming Market Outlook , Size, Industry Trends and Forecast Report 2023-2028

The latest report by IMARC Group, titled “Vertical Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the vertical farming market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global vertical farming market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.0 Billion by 2028, exhibiting a growth rate (CAGR) of 23% during 2023-2028.

Vertical Farming Market Overview:

Vertical farming is a process of raising crops in a controlled environment, stacked in layers or shelves, using artificial lighting and climate control technology. This approach allows for year-round fresh produce production with a smaller land footprint, reduced water usage, and higher crop yields than traditional agriculture. Vertical farming also removes the need for pesticides and herbicides, reducing transportation costs since the product can be grown in urban areas closer to consumers. The technology is gaining popularity globally, especially in areas with limited arable land, high population density, and unfavorable weather conditions for traditional farming.

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Global Vertical Farming Market Trends:

The global market is majorly driven by the increasing demand for fresh produce. In line with this, the rising need for sustainable agriculture practices is significantly contributing to the market. Furthermore, the rising demand for high-quality food and rapid urbanization are significantly contributing to the market. Apart from this, the growing awareness of the benefits of sustainable agriculture practices is creating a positive outlook for the market.

Several leading players are heavily investing in vertical farming research and development (R&D) activities. This, in turn, is expected to fuel the market. Moreover, the shifting inclination towards climate control technology’s need for less water and energy for irrigation is offering lucrative opportunities for the market. Additionally, the emerging trend of integrating robotics and artificial intelligence across farms is anticipated to provide a boost to the market.

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Key Market Segmentation:

Top Vertical Farming Companies Worldwide:

AeroFarms
Agrilution Systems GmbH
AmHydro
Everlight Electronics Co. Ltd
Freight Farms Inc.
Gronska Stadsodling
Heliospectra AB
Jones Food Company Limited
Koninklijke Philips N.V.
OSRAM GmbH (ams-OSRAM AG)
Signify N.V.
Urban Crop Solutions
Vertical Farm Systems Pty Ltd

Breakup by Component:

Irrigation Component
Lighting
Sensor
Climate Control
Building Material
- Glass Greenhouse
- Plastic Greenhouse
Others

Breakup by Structure:

Building-based Vertical Farms
Container-based Vertical Farms

Breakup by Growth Mechanism:

Hydroponics
Aeroponics
Aquaponics

Breakup by Application:

Indoor
Outdoor

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Lithium-Ion Battery Market Demand 2023, Industry Growth Analysis and Forecast Till 2028

IMARC Group’s latest research report, titled “Lithium-ion Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the lithium ion battery market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global lithium-ion battery market size reached US$ 45.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.3 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.

Lithium-ion Battery Industry Outlook:

A lithium-ion battery (LIB) is a rechargeable battery that utilizes an intercalated lithium compound as its electrode. It comprises graphite anodes, lithium cobalt and manganese, and organic electrodes and works as an electrochemical storage device. In comparison to traditional counterparts, it exhibits a higher energy density, requires minimal maintenance, and has a lower self-discharge rate. Besides this, it also offers an excellent energy-to-weight ratio, high open circuit voltage, and does not require scheduled cycling. As a result, it is extensively adopted across numerous verticals, such as automotive, aerospace, military, and consumer electronics.

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Global Lithium-ion Battery Industry Demand:

The growing demand for consumer electronics among the masses is driving the global market. Coupled with the shifting preferences toward compact and portable devices has led to the escalating demand for efficient storage and power backup solutions, thereby catalyzing the demand for lithium-ion batteries. Along with this, the growing adoption of electric vehicles (EVs) due to increasing focus on sustainable development is providing a boost to the market.

Moreover, the widespread utilization of robotic solutions across multiple industries, along with the deployment of smart grids and renewable energy systems, are fostering the market favorably. Other factors, including rapid industrialization, and continuous product innovations, are also influencing the market.

Top Lithium ion Battery Manufacturers in World:

A123 Systems LLC
AESC SDI CO.,LTD
LG Chem Ltd.
Panasonic Corporation
SAMSUNG SDI CO.,LTD.
Toshiba Corporation
Amperex Technology Limited
BAK Group
Blue Energy Limited
BYD Company Ltd.
CBAK Energy Technology, Inc.
Tianjin Lishen Battery Joint-Stock CO.,LTD.
Valence Technology, Inc.
SK innovation Co., Ltd
Hitachi, Ltd

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Key Market Segmentation:

Breakup by Application:

Consumer Electronics
Electric Vehicle
Energy Storage
Others

Breakup by Power Capacity:

0 to 3000mAh
3000mAh to 10000mAh
10000mAh to 60000mAh
More than 60000mAh

Breakup by Product Type:

Lithium Cobalt Oxide
Lithium Iron Phosphate
Lithium Nickel Manganese Cobalt
Lithium Manganese Oxide
Others (Li-ion Nickel Cobalt Aluminium Oxide and Li-ion Titanate Oxide)

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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