Grand View Research

Breast Imaging Industry

The global breast imaging market size is anticipated to reach USD 9.0 billion by 2030, registering a CAGR of 8.6% according to a new report by Grand View Research, Inc. The market growth mainly owes to the increase in the number of women suffering from breast cancer. For instance, according to Robert Koch Institute, the annual incidence of breast cancer in Germany was estimated to be approximately 72,000, with breast cancer being the most prevalent cancer in women. Moreover, as per a similar source, based on the incidence rate, one in eight women is expected to suffer from breast cancer once in a lifetime. Thus, impelling the market over the forecast period.

Furthermore, the rising initiatives by various governments and NGOs to raise awareness about early diagnosis of breast cancer are anticipated to increase the demand for breast imaging. For instance, Pink Initiative, form Breast Cancer India is an online initiative program in which the program covers important topics such as early detection of breast cancer, and familial breast cancer, through their YouTube channel. Similarly, a joint initiative between Australian & state territory governments, ‘BreastScreen Australia’ is aimed at reducing deaths & illness from breast cancer by early detecting cancer. In this program, women aged 40 and above can have a free mammogram every 2 years. This is expected to increase awareness, and increase the demand for breast imaging, thereby, propelling the market growth.

Major manufacturers are introducing new products and increasing the number of approved products, which is further expected to impel the demand in the coming years. For instance, in March 2018, The MAMMOMAT Revelation platform, from Siemens Healthineers, for enhanced mammography has been approved by the U.S. FDA. To target afflicted areas with only one click, this platform combines a new InSpect specimen imaging tool and new HD Breast Biopsy technology. In addition, the use of artificial intelligence (AI) in breast imaging has reduced the time required while maintaining image quality. Such product developments are expected to propel market growth.

Gather more insights about the market drivers, restrains and growth of the Global Breast Imaging market

Breast Imaging Market Segments Highlights:

• The ionizing segment dominated the technology segment in 2022 owing to the introduction of new ionizing technology-based breast imaging technologies.
• Hospitals dominated the end-use segment in 2022 due to the presence of advanced and well-equipped breast imaging facilities.
• In 2022, North America dominated the breast imaging market with a market share of 37.87% 2022. This can be accredited to the rising number of breast cancer cases in this region.
• Asia Pacific is projected to impel at the fastest growth rate of CAGR 9.5% during the forecast duration. Increased prevalence of breast cancer, high R&D investments in breast cancer therapies, and developments in breast imaging modalities are the primary drivers driving the growth of the market.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

• The global breast cancer diagnostics market size was valued at USD 4.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030.
• The global mammography market size was valued at USD 2.35 billion in 2023 and is projected to grow at a CAGR of 8.87% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global breast imaging market based on technology, end-use, and region:

Breast Imaging Technology Outlook (Revenue, USD Million; 2018 – 2030)

• Ionizing
  • Full-field Digital Mammography
  • Analog Mammography
  • Positron Emission Mammography
  • Electric Impedance Tomography
  • Cone-Beam Computed Tomography
  • Positron Emission Tomography & Computed Tomography
  • 3D Breast Tomosynthesis
  • MBI/BSGI
• Non-ionizing
  • MRI
  • Thermography
  • Ultrasound
  • Optical Imaging
  • Automated Whole-breast Ultrasound

Breast Imaging End-use Outlook (Revenue, USD Million; 2018 – 2030)

• Hospitals
• Breast Care Centers
• Diagnostic Imaging Centers

Breast Imaging Regional Outlook (Revenue, USD Million; 2018 – 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • Kuwait
  • UAE

Order a free sample PDF of the Breast Imaging Market Intelligence Study, published by Grand View Research.

Cultured Meat Industry

The global cultured meat market size is expected to reach USD 6.9 billion by 2030, expanding at 51.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing technological advancements in alternative proteins, traction gained by meat substitutes, and the growing need to overcome meat shortage against the growing population and environmental impact machines are key factors driving the cultured meat industry’s growth.

Cultured meat companies are pushing for the commercial launch of cultivated meat products in countries such as the U.S. through foodservice channels. The key players in the market are focused on expanding their R&D staff as well as scaling their production facilities to equip for large-scale commercial production of cultivated meat. Companies are also focused on reducing the production cost of cultivated meat, which will favor the growth of the cultured meat industry globally.

Cellular agriculture is one of the evolving technologies in the alternative proteins industry. The growth in demand for alternative sources of proteins and meat substitutes has resulted in the development of technologies such as 3D bioprinting and nanofiber production to develop cultivated meat products. The growing technological advancements are shifting the way food is produced. Companies along with the academic sector are involved in continuous cultivated meat research. The deployment of biotechnology in food production is one of the major recent breakthroughs in the meat food products industry.

Though the market is still in its nascent stage, initial market research suggests that there is a growing interest in cultured meat among consumers who are concerned about the environmental and ethical impact of traditional meat production. Research studies have shown that younger consumers, as well as vegetarians and vegans, are more likely to be interested in trying cultured meat. For instance, a study published in the journal of cleaner production in 2019, surveyed 1,005 U.S. adults and found that consumers aged 18 to 34 were more likely to try cultured meat than older consumers.

Collaborations and partnerships and expansion of production capacity are the two most important strategies adopted by the innovators in the market. The existing players in the market are focusing on expanding their presence in the global cultivated meat industry. Companies are targeting high-growth countries that do not currently have a presence in the cultivated meat industry. For instance, in 2021, cultivated meat startups were launched in Brazil, South Africa, and Mexico.

Gather more insights about the market drivers, restrains and growth of the Global Cultured Meat market

Cultured Meat Market Segments Highlights:

• Poultry source segment held a significant market share in 2022, owing to increased chicken consumption globally. Globally, more than 50 billion chickens are raised every year. According to the Worldwatch Institute, industrial farms generate 68% of the eggs and 70% of the poultry meat consumed worldwide
• Burgers dominated the end-use segment in 2022. The segment is expected to gain traction owing to several startups and key players experimenting with cultivated meat. Rising investments by players such as Fork & Goode and BlueNalu, coupled with growing demand for beef burgers, are fueling the growth of the segment
• North America dominated the cultured meat industry in 2022, based on consumption. The market is expanding in the region due to rising consumer demand for ethically produced meat and poultry products as well as the presence of major industry participants. Favorable government regulation for cultured meat, coupled with rising R&D will continue propelling the growth

Browse through Grand View Research’s Consumer F&B Industry Research Reports.

• The global A2 milk market size was valued at USD 4.0 billion in 2024 and is projected to grow at a CAGR of 18.5% from 2025 to 2030. A key driver of this growth is the increasing preference for nutritious food worldwide.
• The global fish sauce market size was valued at USD 2.07 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. Fish sauce contains essential nutrients such as omega-3 fatty acids, vitamins A and D, and minerals such as iodine.

Segments Covered in the Report

Grand View Research has segmented the global cultured meat market based on source, end-use, and region:

Cultured Meat Source Outlook (Revenue, USD Million, 2017 – 2030)

• Poultry
• Beef
• Seafood
• Pork
• Duck

Cultured Meat End-use Outlook (Revenue, USD Million, 2017 – 2030)

• Nuggets
• Burgers
• Meatballs
• Sausages
• Hot Dogs

Cultured Meat Regional Outlook (Revenue, USD Million, 2017 – 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia

Order a free sample PDF of the Cultured Meat Market Intelligence Study, published by Grand View Research.

Clinical Alarm Management Industry

The global clinical alarm management market size is expected to reach USD 6.37 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a lucrative CAGR of 17.0% from 2024 to 2030. The increasing prevalence of alarm fatigue is one of the primary factors augmenting the market. Furthermore, rising technological advancements coupled with the growing adoption of clinical alarm management solutions by healthcare facilities due to their benefits are also the driving factors for the market growth during the projected period.

To curb the spread of the COVID-19 pandemic, government institutions across various nations established various COVID-19 alert systems for providing policy directives and situational awareness for the general public. Various healthcare facilities also started adopting various alarm management solutions for providing timely treatment to patients. Hence, the COVID-19 pandemic positively impacted market growth in 2020 and 2021.

Alarm fatigue faced by nurses as a result of clinical alarms and false alarms is driving the need for proper alarm management solutions in healthcare facilities. This factor is providing lucrative opportunities to market players for the development of technologically advanced clinical alarm management solutions. Therefore, growing cases of alarm fatigue coupled with growing demand for advanced solutions for patient safety is also likely to boost the market growth.

Major players in the market are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, among others to maintain a competitive edge in the market. For instance, in October 2021, Ascom received a multi-million contract for providing its Telligence Nurse Call system, which will be delivered over 2 years. This contract is in partnership with Mega Datatech, a pioneering systems integrator in Macao.

Gather more insights about the market drivers, restrains and growth of the Global Clinical Alarm Management market

Clinical Alarm Management Market Segments Highlights:

• The nurse call systems segment accounted for the largest revenue share of more than 20.0% in 2023 owing to product developments driven by wireless technology and automation and reduced operating costs.
• The services component segment is expected to witness the fastest growth rate of 21.3% during the projected period owing to initiatives by public and private health institutions, increasing service offerings by key market players, and growing demand to minimize risks to patient safety.
• By end-use, the hospitals and clinics segment held the largest revenue share of over 25% in 2023, and the long-term care facilities segment is expected to witness the fastest growth rate over the projected period.
• By region, North America is likely to hold the largest revenue share of more than 43.7% in 2023 owing to the increasing need for integrated Healthcare IT systems to make certain the reliability, data integrity, and efficient maintenance of data. Asia Pacific is estimated to witness the highest CAGR over the forecast period owing to the growing adoption of technologically advanced solutions.
• The market is relatively competitive owing to the presence of major players such as Koninklijke Philips N.V., GE Healthcare, Ascom, and Medtronic among others. The various strategic initiatives implemented by companies such as collaborations, acquisitions, partnerships, and product launches are greatly contributing to the growth of the market.

Browse through Grand View Research’s Healthcare IT Industry Research Reports.

• The global nurse call systems market size was valued at USD 1.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.11% from 2023 to 2030.
• The global healthcare predictive analytics market size was estimated at USD 14.58 billion in 2023 and is projected to grow at a CAGR of 24.0% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global clinical alarm management market report based on product, component, end-use, and region:

Clinical Alarm Management Product Outlook (Revenue, USD Million, 2018 – 2030)

• Nurse Call Systems
• Physiological Monitors
• Bed Alarms
• EMR Integration Systems
• Ventilators
• Others

Clinical Alarm Management Component Outlook (Revenue, USD Million, 2018 – 2030)

• Solutions
• Services

Clinical Alarm Management End-use Outlook (Revenue, USD Million, 2018 – 2030)

• Hospitals & Clinics
• Home Care Settings
• Ambulatory Care Centers
• Long-Term Care Facilities
• Specialty Centers

Clinical Alarm Management Regional Outlook (Revenue, USD Million, 2018 – 2030)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

Order a free sample PDF of the Clinical Alarm Management Market Intelligence Study, published by Grand View Research.

Heat Transfer Fluids Industry

The global heat transfer fluids market size is projected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 3.2% during the forecast period. The growing demand from the manufacturing and energy sectors is expected to drive the global market. Thermal oils are typically formulated from petrochemicals and mineral oils, which eventually harm the environment in terms of recyclability, biodegradability, and aqueous toxicity. Due to multiple strict regulations laid down by governments across the globe, the growth of heat transfer fluids (HTFs) has taken a hit.

Major innovators in the field are trying to bring imminent changes in the production process, such as the usage of bio-based products, increased extraction efficiency, and enhanced solvent recovery. The COVID-19 pandemic caused serious disruption in businesses and supply chains. The decrease in supply and demand for oil & gas, especially in North America and Europe, halted the onshore and offshore production processes, impacting the market growth. Food-grade HTFs are widely used for storage and refrigeration applications. With rising precision in temperature control in the processing of food and beverages, thermal fluid systems are gaining acceptance in upcoming food processing plants and facilities.

These products are highly preferred due to lower maintenance costs and low-pressure requirements in the processing facility. Asia Pacific is estimated to be the fastest-growing regional market from 2023 to 2030 due to the rising demand from China and Japan. Rapid industrialization and the development of new machinery have increased the importance of HTFs. Investments in renewable energy initiatives, such as CSP, are expected to have a positive impact on industry growth. For example, in January 2022, China announced to start and complete 11 CSP projects by 2024.

Gather more insights about the market drivers, restrains and growth of the Global Heat Transfer Fluids market

Heat Transfer Fluids Market Segments Highlights:

• The consumption of HTFs in pharmaceuticals accounted for a significant market share in 2022 due to its application in extraction and crystallization processes
• The demand for monoethyl-based glycols in HVAC applications is expected to exhibit a considerable CAGR from 2024 to 2030 owing to their compatibility across wide temperature ranges
• Asia Pacific dominated the market, in terms of revenue, in 2023 due to the high demand from emerging countries, such as India, Indonesia, and Thailand
• The Central & South America market is expected to register a steady CAGR from 2024 to 2030 owing to changing political dynamics
• Moreover, rising automobile production in the region is expected to drive the product demand

Browse through Grand View Research’s Petrochemicals Industry Research Reports.

• The global aerospace lubricants market size was valued at USD 2.13 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030.
• The global polymer modified bitumen market size was valued at USD 12.86 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global heat transfer fluids market based on product, application, and region:

Heat Transfer Fluids Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• Silicone Fluids
  • Oil & Gas
  • Chemical Industry
  • CSP
  • Food & Beverages
  • Plastics
  • Pharmaceuticals
  • HVAC
  • Others
• Aromatic Fluids
  • Oil & Gas
  • Chemical Industry
  • CSP
  • Food & Beverages
  • Plastics
  • Pharmaceuticals
  • HVAC
  • Others
• Mineral Oils
• Glycol-based Fluids
• Other (Including Molten Salts & HFPE)

Heat Transfer Fluids Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• Oil & Gas
• Chemical Industry
• CSP
• Food & Beverages
• Plastics
• Pharmaceuticals
• HVAC
• Others

Heat Transfer Fluids Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand
  • Malaysia
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • Africa
  • Saudi Arabia

Order a free sample PDF of the Heat Transfer Fluids Market Intelligence Study, published by Grand View Research.

Application Delivery Controller Industry

The global application delivery controller (ADC) market is expected to reach USD 4.34 billion by 2021, according to a new report by Grand View Research, Inc. The application delivery controller market is anticipated to witness a high growth over the forecast period. This may be accredited to the increasing globalization and distributed enterprise architecture, which requires networks that can deliver their business-critical applications faster, thereby ensuring security. The increase in the data center traffic and the growing ADC popularity, particularly in the consolidated data center segment, are expected to be the major factors spurring the ADC market growth over the forecast period.

The increasing adoption of the BYOD phenomenon has led to the widespread usage of tablets and smartphones particularly in large organizations as it significantly increases the scope and span of enterprises. This, in turn, has resulted in a rise in the ADC demand in order to balance and maintain the server load. In addition, emerging technologies, such as software-defined storage (SDS) and software-defined networking (SDN), are also anticipated to spur the ADC market growth over the coming years.

Gather more insights about the market drivers, restrains and growth of the Global Application Delivery Controller market

Application Delivery Controller Market Segments Highlights:

• The virtual segment captured over 30% of the total revenue share in 2015 and is anticipated to exhibit growth exceeding 5.0% from 2016 to 2024. This can be attributed to the improved IT agility, performance, and cost benefits offered by them over the hardware-based ADCs as well as the increasing cloud-based data center traffic.
• The small & medium enterprise (SME) segment is expected to gain prominence over the forecast period exceeding a compound annual growth rate of 5% from 2016 to 2024. This is ascribed to the increasing adoption of web-enabled services and web-based apps for running their business as well as to the proliferation of internet-enabled devices.
• The IT & telecom segment accounted for a significant revenue share in 2015 capturing over 25% of the overall revenue share in the same year. The segment is expected to grow at a CAGR exceeding 5.5% from 2016 to 2024. This is majorly due to the integration of ADCs into enterprise IT systems to enhance efficiency.
• Asia Pacific is expected to emerge as the fastest growing segment accounting for more than 20% of the overall share in 2015. This growth is due to increasing investments in the IT infrastructure, primarily in China and India. Furthermore, the rising demand in this region can be ascribed to the high market penetration, owing to the webification of organizational applications along with the growing ADC application in server firewalls and network security systems.

Browse through Grand View Research’s Network Security Industry Research Reports.

• The global software defined storage market size was valued at USD 38.43 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 27.9% from 2024 to 2030.
• The global bring your own device market size was valued at USD 90.59 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 16.9% from 2023 to 2030.

Segments Covered in the Report

Grand View Research has segmented the application delivery controller market on the basis of deployment, enterprise size, end-use, and region:

Application Delivery Controller Deployment Outlook (Revenue, USD Million; 2017 – 2029)

• Hardware-based ADCs
• Virtual ADCs

Application Delivery Controller Enterprise Size Outlook (Revenue, USD Million; 2017 – 2029)

• Small & Medium Enterprise
• Large Enterprise

Application Delivery Controller End-Use Outlook (Revenue, USD Million; 2017 – 2029)

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

Application Delivery Controller Regional Outlook (Revenue, USD Million; 2017 – 2029)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE

Order a free sample PDF of the Application Delivery Controller Market Intelligence Study, published by Grand View Research.

Flow Meter Industry

The global flow meter market size is estimated to reach USD 14.66 billion by 2030, according to the new report conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2024 to 2030. The penetration of IoT has helped the evolution of smart flow rate measurement solutions, leading to an increased demand for intelligent flow meters. The adoption of flow meters is expected to increase as rapid urbanization triggers the need for better water and wastewater management.

The advancements in technology have made ultrasonic and Coriolis flow meters more reliable and accurate than their counterparts. The integration of IoT in flow rate measurement solutions has helped transform Coriolis meters into intelligent flow meters. Hence, the adoption of these meters is expected to grow significantly over the forecast period. Besides, extensive adoption of Coriolis flow meters by the oil and gas, chemical, and refinery sectors is projected to drive the growth of the overall product segment over the forecast period.

The water and wastewater segment is expected to witness robust growth over the forecast period owing to rapid urbanization in various parts of the world, particularly in Asia Pacific, South America, and Africa. These regions have aggressively started to adopt efficient solutions for the treatment, control, monitoring, and regulation of water supplies and management of wastewater, thereby driving the demand for flow rate measurement solutions and instruments.

Europe dominated the global market in 2020 as the region is home to several manufacturers and product innovators of flow rate measurement solutions and services, including flow meters. However, APAC is expected to witness the highest growth rate over the forecast period owing to the rapid urbanization underway in APAC countries, which would subsequently trigger the need for adequate power generation and efficient water and wastewater management. The market in India is likely to witness a significant boost over the forecast period on account of the growing need for expanding fuel refining capacity in the country.

Gather more insights about the market drivers, restrains and growth of the Global Flow Meter market

Flow Meter Market Segments Highlights:

• The market for the flow meter is anticipated to witness substantial growth during the forecast period due to the integration of IoT in flow meters, which has led to the introduction of smart flow rate measurement solutions
• Custody transfer application in the oil and gas sector is one of the key applications creating lucrative opportunities for ultrasonic and Coriolis flow meters
• The water and wastewater segment is anticipated to witness substantial growth during the forecast period owing to the increasing initiatives taken by several governments for water and wastewater management
• The Asia Pacific is expected to expand at the fastest CAGR over the forecast period owing to substantial demand and adoption of flow meters in various application sectors, particularly in China, India, and Southeast Asian countries
• Businesses in Middle Eastern countries such as Iran, Iraq, and Syria are highly vulnerable to political instability. Businesses in other Middle Eastern countries such as UAE, Saudi Arabia, Oman, and Qatar focus on expanding their presence by establishing friendly relations with eminent manufacturers in Western countries

Browse through Grand View Research’s Sensors & Controls Industry Research Reports.

• The global power generation market is anticipated to grow significantly over the forecast period. Power generation is carried out by the means of conventional/non-renewable and renewable sources of energy.
• The global shale gas market size was valued at USD 68.3 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2020 to 2027.

Segments Covered in the Report

Grand View Research has segmented the global flow meter market based on product, application, power type, pipe size, and region:

Flow Meter Product Outlook (Revenue, USD Billion, 2017 – 2030)

• Differential Pressure (DP)
• Positive Displacement (PD)
• Magnetic
  • Wired
  • Wireless
• Ultrasonic
• Coriolis
• Turbine
• Vortex
• Others

Flow Meter Power Type Outlook (Revenue, USD Billion, 2017 – 2030)

• Electric
• Solar
• Battery Powered

Flow Meter Application Outlook (Revenue, USD Billion, 2017 – 2030)

• Water & Wastewater
• Oil & Gas
• Chemicals
• Power Generation
• Pulp & Paper
• Food & Beverage
• Others

Flow Meter Pipe Size Outlook (Revenue, USD Billion, 2017 – 2030)

• 2 inches
• 4 inches
• 6 inches
• More than 6 inches

Flow Meter Regional Outlook (Revenue, USD Billion, 2017 – 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East and Africa (MEA)

Order a free sample PDF of the Flow Meter Market Intelligence Study, published by Grand View Research.

Hydrogen Energy Storage Industry

The global hydrogen energy storage market size is expected to reach USD 21.66 billion by 2030, registering a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The supportive developments and policy support from countries around the world will boost the growth of the market in the near future.

Over the forecast period, growing applications of fuel cell technologies such as transportation, portable electricity, and stationary power are expected to bolster the expanding need for hydrogen energy storage. Through renewable-powered electrolysis, an excess amount of wasted renewable energy is used to produce green hydrogen. Forward integration is used by market actors in numerous countries when selling hydrogen produced on-site from renewable sources to major industrial users.

The increased deployment of hydrogen energy storage in the utility, commercial, and residential sectors is driving the industry. The sector is predicted to grow due to high industrial demand for hydrogen in metal treatment, petroleum refining, and food processing. Potential opportunity for the market lies in increasing the commercialization of power-to-gas technology. In this technology, hydrogen can be converted back to electricity and used for powering the electric grid during peak hours.

Industry participants are entering into partnerships with the research organizations in order to construct full-scale hydrogen energy storage projects. For instance, U.S. utility provider Xcel Energy partnered with National Renewable Energy Laboratory (NREL) to construct a 110 kW capacity project that would utilize surplus wind energy to produce hydrogen through electrolysis and store it for later use. COVID-19 affected the growth of the market for hydrogen energy storage owing to factors such as reducing operational costs by end users, coupled with disruption in spare parts availability due to delays in manufacturing and logistics issues.

Gather more insights about the market drivers, restrains and growth of the Global Hydrogen Energy Storage market

Hydrogen Energy Storage Market Segments Highlights:

• The compression storage technology segment accounted for the largest revenue share of over 40.0% in 2023
• The solid segment held the largest revenue share of around 50.0% in 2023. The storage of hydrogen in solid form, i.e., stored in another material, is one of the emerging areas in the market
• The market is competitive with key participants involved in R&D and constant innovations by vendors, which has become one of the most important factors for companies to perform in this industry
• Supporting factors in the form of policies, plans, and regulations from various governments have boosted the growth of the market globally. This is expected to boost innovation in the field of hydrogen generation and storage technologies in the forecast period

Browse through Grand View Research’s Renewable Energy Industry Research Reports.

• The global fuel cell vehicle market size was valued at USD 1.45 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 52.5% from 2023 to 2030.
• The global green hydrogen market size was valued at USD 3.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 39.5% from 2022 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global hydrogen energy storage market on the basis of on technology, physical state, application, and region:

Hydrogen Energy Storage Technology Outlook (Revenue, USD Million, 2018 – 2030)

• Compression
• Liquefaction
• Material Based

Hydrogen Energy Storage Physical State Outlook (Revenue, USD Million, 2018 – 2030)

• Solid
• Liquid
• Gas

Hydrogen Energy Storage Application Outlook (Revenue, USD Million, 2018 – 2030)

• Residential
• Commercial
• Industrial

Hydrogen Energy Storage Regional Outlook (Revenue, USD Million, 2018 – 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • UK
  • Spain
  • Italy
  • France
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Central & South America
  • Brazil
  • Colombia
  • Paraguay
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt

Order a free sample PDF of the Hydrogen Energy Storage Market Intelligence Study, published by Grand View Research.

Advanced Driver Assistance Systems Industry

The global advanced driver assistance system market size is expected to reach USD 66.56 billion by 2030, expanding at a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc The growing government initiatives toward deploying driver assistance systems to mitigate road accidents are anticipated to contribute to the market growth. The surge in the adoption of advanced driver assistance system (ADAS) in small cars is anticipated to further boost the growth of the market over the forecast period.

Increasing levels of technological innovation and surge in the initiatives undertaken toward self-driving cars and vehicle automation have elevated the demand for driver safety and assistance systems over the past decade. For instance, the European Union has mandated automotive manufacturers to fit ADAS systems, including Autonomous Emergency Braking Systems (AEBS) and Lane Departure Warning Systems (LDWS), in all heavy commercial vehicles that weigh over 7,000 kilograms.

The demand for ADAS technologies such as road sign recognition systems, drowsiness monitoring systems, and night vision systems is expected to increase considerably over the forecast period. Tire pressure monitoring systems are also projected to have substantial penetration in the overall market due to their easy aftermarket availability and low prices. Adaptive cruise control offers better driver safety and aids in avoiding fatal road accidents. All these factors are expected to propel market growth by 2030.

The sensor segment accounted for the largest market share of more than 31.9% in 2022. The automotive industry is witnessing an increase in self-driving vehicles on road. These vehicles demand a blend of a large number of sensors such as Lidar, cameras, ultrasonic sensors, and radar for accomplishing different operations accurately. Thus, the demand for sensors is projected to increase significantly over the forecast period. Among the various sensor types, Lidar sensors are expected to gain high traction by 2030 owing to their crucial function in self-driving cars.

Gather more insights about the market drivers, restrains and growth of the Global Advanced Driver Assistance Systems market

Advanced Driver Assistance Systems Market Segments Highlights:

• The response for ADAS processors is predicted to grow at a considerable rate over the forecast period
• The Asia Pacific market is anticipated to witness substantial growth over the forecast period owing to several developments across major economies, especially China
•  Key players dominating the market are Hyundai Mobis; Continental AG; Autoliv Inc.; Mobileye; and Magna International among others

Browse through Grand View Research’s Automotive & Transportation Industry Research Reports.

• The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030.
• The global electric vehicle communication controller market size was valued at USD 185.4 million in 2023 and is projected to grow at a CAGR of 32.5% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global advanced driver assistance system market based on solution type, component type, vehicle type, and region:

Advanced Driver Assistance System Solution Type Outlook (Volume, Million Units; Revenue, Billion, 2018 – 2030)

• Adaptive Cruise Control (ACC)
• Blind Spot Detection System (BSD)
• Park Assistance
• Lane Departure Warning (LDWS) System
• Tire Pressure Monitoring System (TPMS)
• Autonomous Emergency Braking (AEB)
• Adaptive Front Lights (AFL)
• Others

Advanced Driver Assistance System Component Type Outlook (Volume, Million Units; Revenue, Billion, 2018 – 2030)

• Processor
• Sensors
  • Radar
  • LiDAR
  • Ultrasonic
  • Others
• Software
• Others

Advanced Driver Assistance System Vehicle Type Outlook (Volume, Million Units; Revenue, Billion, 2018 – 2030)

• Passenger Car
• Commercial Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Advanced Driver Assistance System Regional Outlook (Volume, Million Units; Revenue, Billion, 2018 – 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE

Order a free sample PDF of the Advanced Driver Assistance Systems Market Intelligence Study, published by Grand View Research.

Bioresorbable Polymers Industry

The global bioresorbable polymers market size is anticipated to reach USD 3.63 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to propel at a CAGR of 13.8% over the forecast period. The increasing volume of surgical procedures, growing geriatric population, increasing prevalence of chronic diseases, technological advancements, evolved decontamination devices, and innovations in plastics are boosting the product demand. Bioresorbable polymers, including polylactic acid (PLA), polyglycolic acid, polysaccharides, and polycaprolactone, are produced using feedstock sourced from a range of natural materials. These materials encompass vegetable oils extracted from castor, soybean, rapeseed, residual heat by-products, sunflower, corn fiber, waste from food processing, plant stems, paper mill sludge, potatoes, corn, leaves, and livestock waste, among others.

The bio-based content within the polymer varies depending on the specific feedstock used in the manufacturing process. The increasing demand for these polymers in medical applications is due to the unwillingness of patients to take injections. To avoid the necessity for a second operation, the medication delivery matrix is implanted within the human body. The high demand for these polymers due to their simplicity in dissolving in bodily fluids without leaving any lasting negative effects and the increase in demand for medication delivery applications fuel the market’s expansion. The improved healthcare sector in the U.S. has led to an increase in life expectancy and a rise in the geriatric population within the country. According to the World Health Organization (WHO), the rate of population aging is now faster than in previous years.

Currently, the population aged 60 years and over is approximately 1 billion, a number that is expected to double by 2050 (2.1 billion). As individuals age, the synovial fluid within orthopedic joints typically diminishes, resulting in an increased demand for orthopedic elective surgeries. This trend presents a positive growth opportunity for the industry. The market is highly fragmented with the presence of several major players. Mergers, acquisitions, strategic partnerships, capacity expansions, and the introduction of new products are the major strategies undertaken by key players to strengthen their industry presence. For instance, in June 2023, Solvay introduced a new line of biodegradable polymers known as Naternal, specifically tailored for hair and skincare solutions.

Gather more insights about the market drivers, restrains and growth of the Global Bioresorbable Polymers market

Bioresorbable Polymers Market Segments Highlights:

• The market was estimated at USD 1.30 billion in 2022 and is expected to reach USD 3.63 billion in 2030 at an estimated CAGR of 13.8% from 2023 to 2030 owing to the increasing healthcare expenditure, increasing prevalence of chronic diseases, and growing geriatric population. According to the U.S. Centers for Medicare & Medicaid Services, hospital expenditures grew by 4.4% to USD 1,323.9 billion in 2021
• The polylactic acid (PLA) segment dominated the market and accounted for a revenue share of 29.5% in 2022 due to the biocompatibility and biodegradability of PLA. Polylactic acid breaks down into lactic acid in the body and can be degraded and dissolved in the body. In addition, PLA can be used to create drug delivery systems, such as microspheres or nanoparticles, which can release medications at a controlled rate
• The polycaprolactone (PCL) segment is expected to grow at a CAGR of 13.4% during the forecast period. It is an excellent biomedical polymer and is extensively used in bone-tissue engineering owing to its properties, such as biocompatibility, high mechanical strength, and low cost compared to other polymers

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

• The global microspheres market size was valued at USD 6.85 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030.
• The global cochlear implant market size was estimated at USD 1.86 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.02% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global bioresorbable polymers market based on product, application, and region:

Bioresorbable Polymers Product Outlook (Volume, Tons; Revenue, USD Million, 2018 – 2030)

• Polysaccharides
• Proteins
• Polylactic Acid (PLA)
• Polyglycolic Acid
• Polycaprolactone
• Others

Bioresorbable Polymers Application Outlook (Volume, Tons; Revenue, USD Million, 2018 – 2030)

• Drug Delivery
• Orthopedics
• Others

Bioresorbable Polymers Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 – 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Poland
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Order a free sample PDF of the Bioresorbable Polymers Market Intelligence Study, published by Grand View Research.

Waterborne Coatings Industry

The global waterborne coatings market size is expected to reach USD 89.35 billion by 2030, registering a CAGR of 5.6% over the forecast period, as per the new report by Grand View Research, Inc. The growth is attributed to the rapid increase in construction activities across the globe. In addition, the growing demand for automobiles is also a major factor influencing product demand. Rapid urbanization is considered a key factor responsible for the growth of the market. Rising migration to tier-2 and tier-1 cities are creating lucrative growth opportunities for the construction and automobile industries globally. Increasing utilization of waterborne coatings in such applications is likely to propel the market growth over the foreseeable future. The architectural application segment is expected to have high penetration due to increasing construction & infrastructure activities in Asia Pacific and the Middle East.

Increasing application scope in the architectural industry, such as interior & exterior walls, doors, trims, and facades, is expected to further drive the industry. Stringent government rules restricting Volatile Organic Compound (VOC) emissions and solvent content are also among the key factors boosting the demand for waterborne coatings in the architectural industry. High demand for acrylic waterborne coatings in automotive and infrastructure on account of properties, such as gloss and color retention in external exposure,will support market growth over the forecast years. Acrylic modified Polyurethane (PU) coatings are excessively consumed in automotive finishing owing to excellent exterior durability. PU coatings are widely used owing to intrinsic properties, such as abrasion resistance, toughness, and chemical & weather resistance.

Polyurethane coatings are commercially available in oil modified, two components, moisture curing, and lacquers forms. Increasing PU coating demand in various end-use industries including electrical coils and automotive manufacturing is expected to positively influence market growth. The COVID-19 pandemic resulted in a sharp decline in the waterborne coatings revenue due to the shutdown of the industry for over six months. In addition, the pandemic slowed-down the industrial activities globally on the account of prolonged lockdowns across all continents. This has negatively impacted the industry growth, as a result, the market witnessed a slump in revenue in the year 2020.

Gather more insights about the market drivers, restrains and growth of the Global Waterborne Coatings market

Waterborne Coatings Market Segments Highlights:

• Acrylic resin type will register the fastest growth rate from 2023 to 2030 owing to high product demand in automobile and infrastructure applications
• PU will be the second-fastest-growing resin type from 2023 to 2030 due to the wide product usage in automobile application
• The architectural application will register the highest CAGR from 2023 to 2030 due to the growing infrastructural activities across the globe
• Automotive OEM is likely to record the second-fastest CAGR from 2023 to 2030 owing to the product demand in automotive and related applications across the globe
• Asia Pacific will witness the highest CAGR from 2023 to 2030 due to the growing infrastructural and architectural activities as a result of the rising population
• The industry is highly competitive due to the presence of a large number of manufacturing companies

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

• The global ceramic coating market size was valued at USD 11.16 billion in 2023 and is projected to grow at a CAGR of 8.1% from 2024 to 2030.
• The global hydrophobic coating market was valued at USD 2.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global waterborne coatings market on the basis of resin, application, and region:

Waterborne Coatings Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• Acrylic
• Polyurethane (PU)
• Epoxy
• Alkyd
• Polyester
• Polytetrafluoroethylene (PTFE)
• Polyvinylidene Chloride (PVDC)
• Polyvinylidene Fluoride (PVDF)
• Others

Waterborne Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

• Architectural
• General Industrial
• Automotive OEM
• Metal Packaging
• Protective Coatings
• Automotive Refinish
• Industrial Wood
• Marine
• Coil
• Others

Waterborne Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

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

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.