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Smart Home Market Size, Status, Analysis and Forecast 2030
The global smart home market size is expected to reach USD 537.01 billion by 2030, registering a CAGR of 27.07% from 2023 to 2030, according to a new study by Grand View Research, Inc. The smart home is driven by computing devices and information technology that link smart home instruments and gadgets to provide convenience, entertainment, and enhanced comfort to residents in a sustainable way. The market growth is attributed to the rising penetration of the Internet of Things (IoT) and Internet connectivity in homes. Moreover, the trend of modern technologies, such as Artificial Intelligence (AI), being integrated with smart homes has enabled more advanced and digitally smart devices for better living.
In addition, the growing penetration of smartphones is driving the market as smart home devices can be controlled through a smartphone, thereby enabling ease of access and usage. Furthermore, the trend of automation in daily mundane tasks is expected to support market growth significantly. The rising need for home security has prompted the use of AI-powered smart home devices. Facial recognition and threat analysis are among the features included in these gadgets that are expected to drive the demand for smart home solutions. Asia Pacific is expected to emerge as the fastest-growing region over the forecast period.
This is mainly owing to the improved standards of living and increased consumer disposable income levels in the region. The rapid penetration of the internet, smartphones, and other digitally advanced equipment in the region is also expected to drive market growth. Furthermore, the increased demand for smart speakers, such as Siri and Alexa, significantly impacts the region’s growth. In addition, the trend of luxurious lifestyles in developing nations in the region, due to increased disposable income and personal choice among consumers for smart devices, is propelling the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Smart Home Market
Smart Home Market Report Highlights
Based on products, the security & access controls segment recorded the highest revenue share in 2022 due to the increased demand for advanced security solutions and the necessity to restrict access to rooms or safes with valuable items and goods
The wireless protocols segment is expected to grow at the highest CAGR over the forecast period as wireless technology is continuously undergoing extreme developments in terms of connectivity and latency
The new construction application segment is expected to register the fastest CAGR over the forecast period as product installations are easier in new constructions with prior knowledge of wall placements and wire/power outlets
The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period due to the increasing internet and IoT devices penetration
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
People Counting System Market: The global people counting system market size was estimated at USD 1.26 billion in 2024 and is anticipated to grow at a CAGR of 13.7% from 2025 to 2030.
Call Center AI Market: The global call center AI market size was valued at USD 2.00 billion in 2024 and is projected to grow at a CAGR of 23.8% from 2025 to 2030.
Smart Home Market Segmentation
Grand View Research has segmented the global smart home market on the basis of products, protocols, application, and region:
Smart Home Products Outlook (Revenue, USD Million, 2018 - 2030)
Security & Access Controls
Security Cameras
Video Door Phones
Smart Locks
Remote Monitoring Software & Services
Others
Lighting Control
Smart Lights
Relays & Switches
Occupancy Sensors
Dimmers
Other Products
Entertainment Devices
Smart Displays/TV
Streaming Devices
Sound Bars & Speakers
HVAC
Smart Thermostats
Sensors
Smart Vents
Others
Smart Kitchen Appliances
Refrigerators
Dish Washers
Cooktops
Microwave/Ovens
Home Appliances
Smart Washing Machines
Smart Water Heaters
Smart Vacuum Cleaners
Smart Furniture
Home Healthcare
Other Devices
Smart Home Protocols Outlook (Revenue, USD Million, 2018 - 2030)
Wireless Protocols
ZigBee
Wi-Fi
Bluetooth
Z Wave
Others
Wired Protocols
Hybrid
Smart Home Application Outlook (Revenue, USD Million, 2018 - 2030)
New Construction
Retrofit
Smart Home Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Order a free sample PDF of the Smart Home Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 3 hours ago
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Perimeter Security Market by Revenue, Growth Rate and Forecast to 2030
The global perimeter security market size is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems. Technological proliferation has led to the growth of smart cities and smart infrastructure. Owing to this, the implementation of security systems at commercial complexes, entertainment hubs, and public sites is on the rise. The integration of security systems with the internet and the latest mobile devices has made surveillance easier. The latest technology has also led to the introduction of infrared, microwave, radar, and seismic sensors.
The video surveillance systems segment is expected to register the fastest CAGR over the forecast period due to the large-scale investments in smart infrastructure projects by various nations. The global need to improve safety and security across many industries is considerably contributing to the market growth. In comparison to the preceding decade, the surveillance market has changed due to significant advances in cloud hosting and video surveillance software. The alarms & notification systems are expected to grow at a slow pace in the market over the forecast period. The maintenance & support systems are anticipated to witness the fastest growth over the next eight years. Perimeter security systems are expected to find major applications in the transportation end-use segment.
The growth in terrorist threat and cross-border intrusions has forced governments to enact strict regulations regarding national safety, leading to market expansion. The fast-paced development of smart cities and smart infrastructure in Europe and the U.S. is one of the key factors driving the market. The government increasingly favors installing various security systems in strategic sites. Technological development related to automation has accelerated the adoption of the latest methods, such as video analytics and aerial drones, to produce better results.
Gather more insights about the market drivers, restrains and growth of the Global Perimeter Security Market
Perimeter Security Market Report Highlights
The system integration & consulting services segment dominated the market in 2022 and is estimated to generate high revenue by 2030.
System integration & consulting services help businesses create opportunities to drive high performance and accelerate business innovation; thereby creating growth opportunities for the segment.
The demand for perimeter security systems arises in the energy sector for securing power plants and protecting them against external threats and technology misuse, especially in nuclear power plants. In an attempt to enhance security, organizations install internet-based and automated security systems.
Increasing concerns regarding public security & safety, growing demand for spy cameras, and rising adoption of IP cameras are driving the video surveillance systems segment.
The Asia Pacific regional market is expected to witness the fastest CAGR during the forecast period due to the increasing infrastructure developments.
Browse through Grand View Research's Electronic Security Industry Research Reports.
Contactless Biometrics Technology Market: The global contactless biometrics technology market size was estimated at USD 17.5 billion in 2024 and is expected to grow at a CAGR of 17.1% from 2025 to 2030.
IR Camera Market: The global IR camera market size was valued at USD 7.79 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2030.
Perimeter Security Market Segmentation
Grand View Research has segmented the global perimeter security market based on system, service, end use, and region:
Perimeter Security System Outlook (Revenue, USD Million; 2017 - 2030)
Access Control Systems
Alarms & Notification Systems
Intrusion Detection Systems
Video Surveillance Systems
Barrier Systems
Active Barriers
Passive Barriers
Others
Perimeter Security Service Outlook (Revenue, USD Million; 2017 - 2030)
System Integration & Consulting
Risk Assessment & Analysis
Managed Services
Maintenance & Support
Perimeter Security End-use Outlook (Revenue, USD Million; 2017 - 2030)
Commercial
Government
Industrial
Military & Defense
Transportation
Others
Perimeter Security Regional Outlook (Revenue, USD Million; 2017 - 2030)
North America
US
Canada
Europe
France
Germany
UK
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
Order a free sample PDF of the Perimeter Security Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 3 hours ago
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Interactive Display Market - Technologies, Applications, Verticals, Strategies & Forecast 2030
The global interactive display market size is expected to reach USD 75.06 billion by 2030, according to a recent analysis from Grand View Research, Inc. Furthermore, the industry is expected to expand at a CAGR of 7.8% over the forecast period. The interactive or touchscreen display is a display unit that accepts user commands with the help of a finger or stylus in place of peripheral devices, such as a mouse or keyboard. Additionally, these display includes screens that project information, such as texts, images, and videos. These display screens are used in various industries, such as retail, healthcare, hospitality, and education. Rapidly increasing adoption of touchscreen tables as well as video walls in the hospitality and corporate sectors is expected to drive the market during the forecast period. The touchscreen table acts as a menu board to indicate the waiting time of the orders taken from the customer, along with prices and ingredients. Furthermore, the use of touchscreen tables in corporate meetings has been observed to provide a better experience for the clients as well as employees. The use of such technology in offices allows better engagement between employees, management, and clients.
The banking, financial services, and insurance (BFSI) industry has seen rapid growth in the adoption of interactive displays in recent years. Interactive displays are becoming more popular in the BFSI industry due to their ability to improve customer engagement, enhance the customer experience, and increase the efficiency of business operations. One of the main reasons for the growth of interactive displays in BFSI is the increasing demand for digital transformation. With the rise of digital banking and online transactions, customers are looking for more convenient and user-friendly ways to interact with their financial institutions. Interactive displays provide an intuitive and engaging interface for customers to navigate through banking services and products, making the customer experience more enjoyable and personalized.
Gather more insights about the market drivers, restrains and growth of the Global Interactive Display Market
Interactive Display Market Report Highlights
The retail segment is anticipated to observe the fastest growth, growing at a CAGR of 9.1% throughout the forecast period. Demand for touch-enabled displays is anticipated to increase in the retail sector over the coming years owing to the growing trend of touch-based devices and increased usage of the interactive kiosk and tables. For instance, several big retail store chains, such as Walmart, have started to use kiosks to display products, along with their pricing and specifications, thereby easing the in-store experience of the customers
In February 2023, SMART Technologies unveiled its latest interactive displays designed for educational purposes at the TCEA Convention & Exposition held in San Antonio, Texas in 2023. The newest release comprises the SMART Board GX (V2) series and the SMART Board MX (V4) series. With this launch, these new displays are part of the SMART Board 6000S as the first interactive displays that enable multiple users to write, erase, and gesture simultaneously, on any platform and application
The video wall segment is anticipated to observe the fastest growth, growing at a CAGR of 11.2% throughout the forecast period. An interactive video wall typically refers to a large display, consisting of multiple screens or projectors tiled together to form a single large visual display. The display can be used to showcase various types of media, including videos, images, and animations
Asia Pacific is expected to witness the fastest growth, growing at a CAGR of 10.2% throughout the forecast period. Interactive displays have seen tremendous growth in Asia Pacific in recent years, driven by increasing demand from various sectors such as education, corporate, and healthcare. The Asia Pacific region is home to some of the fastest-growing economies in the world, and the adoption of interactive displays is driven by factors such as technological advancements, increasing investments in education, and growing demand for interactive communication tools
Browse through Grand View Research's Display Technologies Industry Research Reports.
Smart TV Market: The global smart TV market size was estimated at USD 227.52 billion in 2024 and is anticipated to grow at a CAGR of 16.6% from 2025 to 2030.
Virtual Mirror Market: The global virtual mirror market size was valued at USD 11.57 billion in 2024 and is projected to grow at a CAGR of 33.1% from 2025 to 2030.
Interactive Display Market Segmentation
Grand View Research has segmented the global interactive display market on the basis of display type, application, and region.
Interactive Display Type Outlook (Revenue, USD Billion, 2017 - 2030)
Kiosk
Video Wall
Tables
Monitor
Whiteboard
Interactive Display Application Outlook (Revenue, USD Billion, 2017 - 2030)
Retail
Hospitality
Healthcare
Transportation
BFSI
Corporate
Entertainment
Education
Others
Interactive Display Regional Outlook (Revenue, USD Billion, 2017 - 2030)
North America
US
Canada
Europe
UK
Germany
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
Order a free sample PDF of the Interactive Display Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 4 hours ago
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Heat Pump Market Analysis, Opportunities And Forecast Report, 2030
The global heat pump market size is anticipated to reach USD 166.6 billion by 2030, expanding at a CAGR of 9.4% during the forecast period, according to a new report by Grand View Research, Inc. Favorable government policies for energy-efficient solutions and lowered carbon footprint are expected to boost the market growth over the forecast period. In addition, consumer-driven demand for energy-efficient heat pumps to reduce energy consumption and lower operating expenses are expected to benefit the overall market over the forecast period.
The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings. Increasing disposable income has led to the growing demand for technologically advanced equipment and comfortable housing solutions, which is further projected to boost the demand for heat pumps. These factors are expected to play a vital role in driving the market growth.
Governments across the globe are becoming increasingly aware of the risks associated with fossil fuels and are adopting environment-friendly options. Furthermore, initiatives like the federal tax credit for new residential heat pumps in the U.S. was extended until the end of 2022. The California Energy Commission passed a new building energy code in August 2021, which encouraged the use of heat pumps for space and water heating in newly constructed buildings. All these aforementioned factors are expected to boost the demand for heat pumps in the coming years.
Gather more insights about the market drivers, restrains and growth of the Global Heat Pump Market
Heat Pump Market Report Highlights
In 2023, the air-source technology segment dominated with a revenue share of over 84.6%. The growth of this segment can be attributed to the benefits such as energy-efficient, low carbon emission, low maintenance, easy installation process, use in space heating and hot water, and high seasonal coefficient of performance
The residential application segment accounted for 86.0% of the global revenue share in 2023. Rapid urbanization coupled with increasing demand for energy-efficient products is expected to drive the demand for heat pumps in the residential sector
The industrial application segment is expected to witness a CAGR of 8.0% over the forecast period. The increasing number of new industrial facilities being established worldwide is fueling the global demand for heat pumps
Asia Pacific accounted for 52.6% of the global revenue share in 2023. The rising trend of shifting production bases to emerging economies, mainly China and India, is expected to positively influence the growth of the heat pump industry over the forecast period
In February 2023, Hitachi introduced the Yutaki M R32 monobloc air-to-water heat pump. Even in sub-zero temperatures, the 4-ton and 3-ton systems have 140°F heating capacity
In May 2022, Midea launched the EVOX heat pump system. The new product is available in six sizes from 1.5–5 tons. These are capable of 100% heating output at -20°C
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
Cobalt Market: The global cobalt market size was estimated at USD 16.96 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030.
Silicon Carbide Fibers Market: The global silicon carbide fibers market size was valued at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 28.1% from 2025 to 2030.
Heat Pump Market Segmentation
Grand View Research has segmented the global heat pump market based on technology, capacity, operation type, application, and region:
Heat Pump Technology Outlook (Revenue, USD Billion, 2018 - 2030)
Air Source
Air to Air
Air to Water
Water Source
Geothermal
Heat Pump Capacity Outlook (Revenue, USD Billion, 2018 - 2030)
Up to 10 kW
10-20 kW
20-50 kW
50-100 kW
100-200 kW
Above 200 kW
Heat Pump Operation Type Outlook (Revenue, USD Billion, 2018 - 2030)
Electric
Hybrid
Heat Pump Application Outlook (Revenue, USD Billion, 2018 - 2030)
Residential
Industrial
Commercial
Heat Pump Region Outlook (Revenue, USD Billion, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
France
Italy
Sweden
Norway
Spain
Finland
Asia Pacific
China
Japan
Australia
India
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Order a free sample PDF of the Heat Pump Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 1 day ago
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Mushroom Market Size, Trends, Statistics and Analysis Report, 2030
The global mushroom market was valued at USD 50.3 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2030. The growing global demand for protein-rich diets, driven largely by the rising vegan population, is anticipated to be a major factor propelling market growth. Mushrooms are increasingly recognized as a superfood due to their impressive nutritional profile, offering a wealth of essential nutrients, including selenium, vitamin D, glutathione, and ergothioneine. These nutrients play a crucial role in reducing oxidative stress, which helps lower the risk of chronic conditions such as cancer, heart disease, and dementia. Furthermore, mushrooms are known for their natural umami flavor, which enables consumers to reduce the amount of salt in their meals by 30-40%, offering significant health benefits.
Mushrooms are also gaining popularity as a protein-rich vegan food source. With approximately 3.3 grams of protein per 100 grams of serving, mushrooms are an excellent alternative to meat, making them a staple in vegan diets that seek to meet daily protein needs. The rising adoption of vegan diets worldwide is therefore expected to further increase the demand for mushroom-based products as protein alternatives to meat.
Gather more insights about the market drivers, restrains and growth of the Mushroom Market
In 2019, the U.S. was the second-largest producer of mushrooms, accounting for approximately 375 million kilograms of production. However, production in the country has been declining since 2017, with a decrease of 11% from 2017 to 2019. Despite this decline in domestic production, the demand for mushrooms from end-users has continued to grow, leading to a price increase of 6% in the 2017-2018 period and 3% in the 2018-2019 period. One contributing factor to the price rise has been the U.S. government’s increase in import duties on mushrooms, which has further inflated prices. As mushrooms are an important source of plant-based protein, they are gaining popularity in Western diets, where meat has traditionally been the primary source of protein. As more individuals adopt vegan and plant-based diets, mushrooms are expected to be an increasingly preferred option to meet daily protein needs.
Regional Insights:
North America Mushroom Market Trends
North America, particularly the U.S. and Canada, holds a significant share of the global mushroom market due to the strong market penetration in these developed economies. Consumers in this region are willing to pay premium prices for high-quality mushrooms, particularly those produced using organic and natural methods. As the preference for vegan diets continues to grow, there is an increasing demand for meat replacers like mushrooms in both the food and dietary supplement sectors. This shift towards plant-based eating, combined with the rising awareness of the health benefits of mushrooms, is expected to drive continued market growth in North America over the forecast period.
Asia Pacific Mushroom Market Trends
The Asia Pacific region led the global mushroom market, accounting for over 78.6% of global revenue in 2021. Key markets within the region include China, Japan, Malaysia, India, and Australia. China is the largest producer of mushrooms in Asia Pacific, with a per capita annual consumption of up to 10 kg, making it a dominant player in the market.
The Asia Pacific region has a long-standing tradition of using mushrooms in its ancient medicine systems, such as Ayurveda and Traditional Chinese Medicine, where various mushroom species are used for their therapeutic properties. The prevalence of these traditional medicine practices, coupled with mushrooms’ low-calorie and high-nutrient value, is expected to drive demand for mushrooms, particularly due to their immunity-boosting properties. The growing emphasis on health-conscious diets and natural remedies is anticipated to further fuel the consumption of mushrooms in this region.
Europe Mushroom Market Trends
Europe is a significant consumer of mushrooms, relying heavily on imports to meet demand. The region's developed markets, particularly in Western Europe, have higher per capita incomes, which are expected to create additional opportunities for exotic and gourmet mushroom varieties. In 2019, mushroom imports into Europe were valued at approximately USD 183 million. However, the region was severely impacted by the COVID-19 pandemic, which disrupted supply chains and led to a reduction in imports from countries like China, Peru, and Chile. The pandemic also had a negative effect on local demand, particularly from hotels, restaurants, and food chains, as lockdowns and restrictions reduced consumer spending and eating out. Despite these setbacks, the long-term outlook for mushroom consumption in Europe remains strong, driven by growing consumer interest in health, sustainability, and plant-based diets.
Browse through Grand View Research's Category Processed & Frozen Foods Industry Research Reports.
The global plant-based meat market size was valued at USD 7.17 billion in 2023 and is expected to grow at a CAGR of 19.4% from 2024 to 2030.
The global umami flavors market size was valued at USD 1.48 billion in 2023 and is expected to grow at a CAGR of 6.8% from 2024 to 2030.
Key Companies & Market Share Insights:
As the mushroom market grows, key players are increasingly focusing on sustainable practices to cater to an environmentally conscious consumer base. For example, Monaghan Mushrooms, a major player in the industry, aims to transition to reusable and recyclable packaging by 2025 as part of its broader sustainability strategy. This focus on sustainability in operations, ranging from compost preparation and cultivation to packaging, is expected to be a crucial factor shaping the future of the mushroom market.
The emphasis on sustainable production practices reflects the growing consumer preference for environmentally responsible businesses. This trend is likely to play a significant role in shaping brand positioning and customer loyalty as companies seek to align their operations with consumer values, particularly in markets where environmental concerns are becoming a priority. Additionally, innovations in cultivation technologies, packaging, and supply chain management will be essential in meeting the growing demand for mushrooms while ensuring sustainability.
Key Mushroom Companies:
Bonduelle Group
Costa Group
CMP Mushroom
Drinkwater Mushrooms
Greenyard
Monaghan Group
Monterey Mushroom, Inc
OKECHAMP S.A
Shanghai Fengke Biological Technology Co., Ltd
The Mushroom Company
Order a free sample PDF of the Mushroom Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 1 day ago
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Industrial Automation And Control Systems Market – Analysis, Industry Size And Forecast, 2030
The global industrial automation and control systems market was valued at USD 206.33 billion in 2024 and is projected to experience significant growth, with an anticipated compound annual growth rate (CAGR) of 10.8% from 2025 to 2030. This rapid expansion is primarily driven by the increasing demand for greater efficiency, precision, and safety in manufacturing industries. As companies seek to improve productivity and reduce human error, the adoption of advanced automation technologies such as robotics, artificial intelligence (AI), and Internet of Things (IoT)-based control systems has accelerated. Moreover, the ongoing digital transformation and the integration of Industry 4.0 principles have made real-time monitoring, predictive maintenance, and optimized workflow management essential for businesses that wish to remain competitive in the modern industrial landscape. Other contributing factors include rising labor costs and the growing shortage of skilled workers, which have incentivized companies to invest in automation solutions to maintain operational efficiency and business competitiveness.
Gather more insights about the market drivers, restrains and growth of the Industrial Automation And Control Systems Market
Regional Insights:
North America Industrial Automation And Control Systems Market Trends
The industrial automation and control systems market in North America is expected to witness significant growth and remain a leader globally. This growth is fueled by the region’s strong focus on advanced manufacturing and a high rate of technological adoption. Industries such as automotive, aerospace, and electronics continuously seek innovative solutions to improve production efficiency, reduce operational costs, and maintain global competitiveness, which drives the demand for automation systems. The region also benefits from a well-established infrastructure and strong economic policies that promote digital transformation and the adoption of emerging technologies like robotics and AI. Government incentives and investments in cutting-edge technologies further support the widespread adoption of industrial automation, making North America a dominant player in this market.
U.S.: The U.S. has emerged as a dominant force in the industrial automation and control systems market, driven by increasing demand across various sectors such as manufacturing, healthcare, and logistics. The country’s highly developed industrial base prioritizes technological innovation to remain competitive on the global stage.
Asia Pacific Industrial Automation And Control Systems Market Trends
The Asia Pacific region is set to continue its dominance in the industrial automation and control systems market, accounting for over 39% of the global market share in 2024, with expectations to maintain this leading position from 2025 to 2030. The region’s rapid industrial growth, alongside the increasing demand for higher productivity, cost efficiency, and quality control, has significantly contributed to the adoption of automation solutions. In addition, foreign investments in manufacturing sectors and a strong emphasis on the adoption of Industry 4.0 technologies have further fueled this trend. The presence of large-scale manufacturing facilities in key sectors such as electronics, automotive, and heavy industries, combined with government incentives aimed at modernizing production, has solidified Asia Pacific’s substantial market share in industrial automation.
China: China plays a pivotal role in the industrial automation and control systems market. Its vast manufacturing base, coupled with a strong push for increasing production efficiency, has created a surge in demand for automation technologies. As China transitions from labor-intensive manufacturing to more technology-driven production, automation becomes central to the country's strategy.
India: India’s industrial automation and control systems market is on an upward trajectory, driven by the country’s rapid industrialization and government initiatives like “Make in India,” which promotes domestic manufacturing. Furthermore, as India pushes forward with smart city initiatives and large-scale infrastructure projects, automation and control technologies are becoming integral to the country’s modernization efforts, significantly contributing to the market’s growth.
Europe Industrial Automation And Control Systems Market Trends
In Europe, the industrial automation and control systems market is experiencing steady growth, supported by a strong commitment to sustainability and energy efficiency in manufacturing. One of the key drivers of this growth is the European Union’s stringent regulations aimed at reducing carbon emissions and promoting energy conservation. As industries across Europe strive to meet these regulations, they are increasingly turning to automation technologies that optimize energy usage, improve efficiency, and minimize waste. The growing demand for sustainable manufacturing practices has made industrial automation an essential tool for European companies, leading to ongoing growth in the market.
Browse through Grand View Research's Category Sensors & Controls Industry Research Reports.
The global gas detection equipment market size was estimated at USD 5.60 billion in 2024 and is projected to grow at a CAGR of 11.7% from 2025 to 2030.
The global biometric sensor market size was valued at USD 2.09 billion in 2024 and is projected to grow at a CAGR of 19.8% from 2025 to 2030.
Key Companies & Market Share Insights:
The competitive landscape highlights the industry dynamics reshaping the global market. Incumbent companies and new entrants anticipate organic and inorganic growth strategies, such as product launches, mergers & acquisitions, technological advancements, and geographical expansion, to remain pronounced in the forecast period.
Key players operating in the industrial automation and control systems market and their company profiles are:
Rockwell Automation, Inc. is headquartered in the U.S. The company provides products, solutions, and services within the industrial automation domain. The company’s critical operating segments include architecture & software and control products & solutions. The U.S. is the company’s highest revenue-generating region. Other key countries where the company holds a strong presence include Brazil, Germany, UK, Italy, Mexico, Canada, and China.
Siemens is headquartered in Germany. The company operates in industrial engineering, electrification, automation, and digitization verticals. The company is involved in manufacturing energy-efficient systems for medical diagnosis, power generation, and transmission and provides industrial infrastructure solutions worldwide.
Key Industrial Automation And Control Systems Companies:
ABB Ltd.
Emerson Electric Co.
Honeywell International, Inc.
Kawasaki Heavy Industries, Ltd.
Mitsubishi Electric Corporation
OMRON Corporation
Rockwell Automation, Inc.
Schneider Electric
Siemens AG
Yokogawa Electric Corporation
Order a free sample PDF of the Industrial Automation And Control Systems Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 1 day ago
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Indoor Distributed Antenna Systems Market Trends, Size, Revenue And Top Key Players, 2030
The global indoor distributed antenna system (DAS) market was valued at USD 5.28 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2030. The growth of the market is driven by several key factors, including the increasing use of smartphones, tablets, and other wireless devices, all of which create a higher demand for reliable and fast wireless connections. As the Internet of Things (IoT) expands and 5G networks continue to be deployed, the need for enhanced and higher-capacity indoor wireless coverage is becoming more pressing. Additionally, regulatory requirements for public safety communications, such as FirstNet in the U.S., have spurred greater adoption of indoor DAS solutions in public spaces like airports, stadiums, and commercial buildings to ensure emergency services maintain reliable connectivity. Businesses are also turning to these systems to maintain continuous connectivity, which enhances workplace productivity and improves customer satisfaction. As companies invest in seamless communication solutions, they contribute to their growth and overall success.
Gather more insights about the market drivers, restrains and growth of the Indoor Distributed Antenna Systems Market
Regional Insights:
North America Indoor Distributed Antenna Systems Market Trends
North America is projected to hold a significant share of the indoor DAS market, estimated at 30.0% in 2023. The region’s advanced telecommunications infrastructure, combined with its increasing demand for uninterrupted connectivity, makes indoor DAS essential. With a high penetration of smartphones and IoT devices, North America faces the need for seamless data access and communication, especially in indoor spaces. Moreover, North America places a strong emphasis on public safety compliance, where indoor DAS systems support first responders by ensuring emergency communication during critical situations.
U.S.: The U.S. indoor DAS market is robust and continues to mature, driven by the increasing demand for enhanced wireless connectivity in large commercial venues such as stadiums, airports, and shopping malls. The widespread use of smart devices and mobile internet has led to a surge in the adoption of DAS solutions. The growing rollout of 5G networks has been a key driver of market growth, as DAS systems must accommodate higher data rates and the increasing density of connected devices.
Asia Pacific Indoor Distributed Antenna Systems Market Trends
Asia Pacific is expected to experience significant growth in the indoor DAS market, with a projected CAGR of 20.4%. The region’s vast population, especially in urban areas, creates a high demand for reliable and high-quality connectivity, making indoor DAS systems essential. Furthermore, the region includes emerging markets where indoor DAS is critical to supporting economic growth and extending digital services to remote and underserved areas. As cities across Asia Pacific transition to becoming smart cities, the demand for indoor DAS is also growing, as these systems are integral to IoT deployments and the efficient delivery of public services. Additionally,
China: The indoor DAS market in China is experiencing rapid expansion, driven by the country’s aggressive rollout of 5G networks and the rising demand for high-speed internet in urban centers. The government’s initiatives to improve digital infrastructure and build smart cities are key factors fueling market growth.
Europe Indoor Distributed Antenna Systems Market Trends
The indoor DAS market in Europe is experiencing steady growth, primarily driven by the need to enhance indoor connectivity in commercial buildings, transportation hubs, and educational institutions. Europe’s commitment to digital transformation and the development of smart infrastructure plays a significant role in driving this demand. As the adoption of 5G technology accelerates, there is a growing need for upgraded DAS solutions capable of handling higher data throughput and supporting the increasing number of connected devices. Key markets within Europe, including Germany, France, and Italy, are making substantial investments in DAS installations to improve connectivity.
United Kingdom: The UK indoor DAS market is expanding rapidly, fueled by the increasing demand for reliable indoor connectivity in both urban and suburban areas. The widespread adoption of 5G technology is driving the need for advanced DAS solutions that can provide enhanced mobile experiences.
Browse through Grand View Research's Category Communications Infrastructure Industry Research Reports.
The global data center energy storage market size was valued at USD 1.48 billion in 2023 and is projected to grow at a CAGR of 9.1% from 2024 to 2030.
The global data center automation market size was estimated at USD 10.09 billion in 2024 and is anticipated to grow at a CAGR of 16.9% from 2025 to 2030.
Key Companies & Market Share Insights:
Some of the key companies operating in the Market include Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd, among others.
Telefonaktiebolaget LM Ericsson is one of the leading companies in the indoor distributed antenna systems market and offers a wide range of indoor DAS solutions. The company’s portfolio includes antennas, antenna system accessories, and radios, such as the Indoor AIR 1279, for indoor applications. The company invests significantly in Research and Development (R&D) to introduce innovative solutions.
Huawei Technologies Co., Ltd. provides a wide range of antenna and indoor connectivity solutions through its LampSite range of solutions. Huawei LampSite Family solutions adapt seamlessly to a variety of indoor scenarios, catering to both varying capacity requirements and coverage needs. In recent years, Huawei Technologies Co., Ltd. has engaged in product development and partnerships & collaborations to improve its indoor connectivity solutions.
Blu Wireless, and SOLiD are some of the emerging market companies in the target market.
SOLiD is an emerging player in the Indoor DAS market, gaining recognition for its cutting-edge technology and flexible solutions. The company focuses on addressing the connectivity challenges in various environments such as commercial buildings, hospitals, educational institutions, transportation hubs, and large venues like stadiums and shopping malls.
As an emerging player in the Indoor DAS market, Blu Wireless is gaining recognition for its advanced mmWave solutions that provide ultra-high-speed connectivity and significant bandwidth. The company's technology is particularly suited for environments that require high data rates and low latency, such as smart buildings, transport hubs, and large public venues.
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U.S. Office Furniture Market Segmentation and Competitive Analysis Report, 2030
The U.S. office furniture market was estimated to be valued at approximately USD 16.64 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2030. The market’s expansion is being driven by several factors, including the increasing construction of households, offices, and commercial complexes. As urbanization continues and the demand for both residential and commercial spaces rises, the need for furniture to furnish these spaces is growing. This includes furniture for both traditional office spaces and home offices, driven by changing work trends and increasing real estate development.
A significant driver of market growth is the growing number of people working from home or remote locations. The rise of remote work, especially accelerated by the COVID-19 pandemic, has led to a surge in demand for home office furniture. As more individuals set up home offices, there is an increased need for ergonomic, functional, and aesthetically pleasing office furniture to create comfortable and efficient work environments. Retailers and manufacturers are responding to this shift by offering a wide range of home office solutions, with a focus on smart, flexible, and comfortable furniture designs that appeal to consumers looking for quick and easy solutions to improve their home office spaces. The ease and speed of delivery provided by e-commerce platforms have also made it more convenient for consumers to purchase furniture tailored to their specific needs.
In addition to the growing trend of remote work, there has been an increase in the construction of IT parks and commercial zones, particularly in major metropolitan areas. This development is leading to a rise in the number of corporate offices, which in turn drives demand for modern office furniture. As companies expand and establish new offices, they require functional, high-quality furniture to create efficient and comfortable workspaces for their employees. This trend is especially pronounced in rapidly developing cities and tech hubs, where the demand for office furniture is fueled by the need for sophisticated and well-designed work environments.
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Another factor expected to drive market growth is the rise in the number of start-ups and corporate expansions. As new businesses are established and existing companies expand their operations, they require office furniture to support their growing workforce. The demand for office space and the need for employees to have functional workstations are expected to increase in line with the expanding corporate landscape, further propelling the demand for office furniture.
Consumers are increasingly drawn to furniture that offers high durability, reliable standard testing, and certifications such as those from the Business and Institutional Furniture Manufacturers Association (BIFMA) and Leadership in Energy and Environmental Design (LEED). These certifications serve as a mark of quality and sustainability, with BIFMA ensuring that products meet industry standards for safety and performance, and LEED signifying environmentally responsible practices. As consumers become more conscious of the quality and environmental impact of their purchases, these certifications play a key role in influencing their purchasing decisions.
U.S. Office Furniture Market Segments Highlights:
The seating segment accounted for the largest share of over 27% in 2024. Proper seating has become increasingly important as employees spend more than 8-10 hours every day at work.
Demand for office modular systems is expected to rise at a CAGR of 5.5% from 2025 to 2030. Modular systems in offices are designed to be easily disassembled and reassembled in different configurations, allowing offices to quickly and easily modify their layouts to fit different needs.
The offline segment accounted for a share of about 65% of the U.S. office furniture market in 2024. Offline furniture shopping addresses customer needs such as personalized pre-sales information, installation support, and immediate delivery.
US-based Crate and Barrel is another eco-friendly furniture offering company that has stores and independent franchise stores in multiple continents and numerous countries.
Demand for office furniture in the U.S. through online channels is expected to grow at a CAGR of 9.1% from 2025 to 2030. The pandemic accelerated the adoption of e-commerce in the office furniture market.
E-commerce offers a streamlined procurement process, enables remote browsing and purchasing, and provides opportunities for cost savings, making it a highly promising avenue for the office furniture industry post-pandemic.
Browse through Grand View Research's Homecare & Decor Industry Research Reports.
The North America traditional toilet seat market size was estimated at USD 991.1 million in 2024 and is projected to grow at a CAGR of 5.4% from 2025 to 2030.
The S. laundry care market size was estimated at USD 24.87 billion in 2024 and is projected to grow at a CAGR of 6.2% from 2025 to 2030.
U.S. Office Furniture Market Segmentation
This report forecasts revenue growth at the regional and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the U.S. office furniture market report by product, and distribution channel:
Product Outlook (Revenue, USD Billion, 2018 - 2030)
Seating
Modular Systems
Desks & Tables
Others
Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Offline
Online
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Orthopedic Devices Market Size, Trends, and Business Outlook Report 2030
The global orthopedic devices market was valued at approximately USD 60.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2030. This growth is primarily driven by several factors, including the high incidence of orthopedic disorders, an aging global population, increasing cases of degenerative bone diseases, and the rising number of road accidents. Additionally, the growing prevalence of musculoskeletal disorders caused by sedentary lifestyles and obesity, particularly among younger populations, is expected to further contribute to the market's expansion.
Recent advancements in orthopedic devices have significantly transformed the treatment of various orthopedic conditions and injuries. These innovations include the development of more effective surgical tools, implants, and assistive devices, which have improved patient outcomes and recovery times. As demand for these devices continues to rise, market players are actively investing in new technologies and treatment methodologies. For example, the BONEZONE report highlights that, in 2019 and 2020, the seven largest publicly traded orthopedic companies, including industry leaders such as DePuy Synthes, Stryker, and Zimmer Biomet, collectively allocated over USD 2.3 billion to research and development efforts. This commitment to innovation reflects the growing need for advanced solutions to address complex orthopedic conditions.
Gather more insights about the market drivers, restrains and growth of the Global Orthopedic Devices market
In addition to technological advancements, several key players in the orthopedic devices market are expanding their operations geographically to strengthen their market presence and broaden their product portfolios. For instance, in January 2024, Tynor Orthotics opened a new advanced manufacturing facility in Mohali, Punjab, aimed at increasing production capacity and meeting growing demand. Similarly, in June 2022, Smith+Nephew made a strategic investment by opening a manufacturing unit in Malaysia, with an investment exceeding USD 100 million. These expansions reflect the companies' efforts to tap into new markets, enhance supply chain efficiency, and maintain competitiveness in a rapidly evolving industry.
Overall, the orthopedic devices market is poised for steady growth driven by demographic shifts, technological innovation, and expanding global demand for advanced treatments for musculoskeletal conditions.
Orthopedic Devices Market Segments Highlights:
Based on product, the joint replacement/orthopedic implants segment led the market with the largest revenue share of 41.7% in 2023. Increasing number of joint replacement surgeries across the globe is fostering market growth.
The ortho-biologics segment is anticipated to witness at the fastest CAGR over the forecast period. Increasing adoption of strategic initiatives by key market players to expand their product portfolio and geographic reach is driving segmental growth.
Based on end-use, the hospitals segment led the market with the largest revenue share of 64.5% in 2023. This can be attributed to significant infrastructure and the availability of various treatment solutions. The segment is also expected to witness at the fastest CAGR of 4.4% during the forecast period.
The outpatient facilities segment is anticipated to grow at a significant CAGR over the forecast period. This is due to the increasing preference for day care centers and ambulatory surgery centers in surgical procedures.
North America dominated the orthopedic devices market with the largest revenue share of 45% in 2023. The market growth is attributed to the growing need for advanced healthcare services, owing to the presence of major industry players, well-established healthcare infrastructure, and comprehensive reimbursement coverage.
The orthopedic devices market in the U.S. held the largest revenue share of 93.3% in the North American region in 2023.
The Canada orthopedic devices market is anticipated to register at the fastest CAGR during the forecast period. Market players are concentrating on boosting R&D efforts to introduce advanced products and maintaining their market position through various strategies.
The orthopedic devices market in Asia Pacific is anticipated to be the fastest-growing region. The rapidly developing healthcare infrastructure in major countries, such as India, China, & Japan, and the booming medical tourism industry are propelling demand for orthopedic devices in the region.
The China orthopedic devices market is anticipated to grow at the fastest CAGR during the forecast period. It is driven by the country's increasing middle class and aging population.
The orthopedic devices market in Europe is anticipated to register at a significant CAGR during the forecast period. This is attributed to several factors including increased healthcare spending as well as a rise in the number of elderly people suffering from osteoarthritis, osteoporosis, bone injuries, and obesity.
The Germany orthopedic devices market is anticipated to register at a considerable CAGR during the forecast period. Osteoarthritis was the second most common reason for hip surgeries in most of the aged population.
The orthopedic devices market in UK is anticipated to register at a considerable CAGR during the forecast period. The market can witness new growth prospects over the forecast period, due to an increase in the reconfiguration of supply chain models by medical device manufacturers and a rise in demand for organs for transplantation.
Browse through Grand View Research's Medical Devices Industry Research Reports.
The global in silico clinical trials market size was valued at USD 3.60 billion in 2024 and is projected to grow at a CAGR of 7.74% from 2025 to 2030.
The global automated suturing devices market size was valued at USD 3.63 billion in 2023 and is expected to expand at a CAGR of 7.3% from 2024 to 2030.
Orthopedic Devices Market Segmentation
This report forecasts revenue and volume growth at global, regional, and country level and provides an analysis on industry trends in each of the sub segments from 2018 to 2030. For this study, Grand View Research, Inc. has segmented the orthopedic devices market report based on product, end-use and region:
Product Outlook (Revenue, USD Million, 2018 - 2030)
Joint Replacement/ Orthopedic Implants
Lower Extremity Implants
Knee Implants
Hip Implants
Foot & Ankle Implants
Spinal Implants
Dental
Dental Implants
Craniomaxillofacial Implants
Upper Extremity Implants
Elbow Implants
Hand & Wrist Implants
Shoulder Implants
Trauma
Implants
Accessories (Plates, Screws, Nails, Pins, Wires)
Instruments
Sports Medicine
Body Reconstruction & Repair
Accessories
Body Monitoring & Evaluation
Body Support & Recovery
Orthobiologics
Viscosupplementation
Demineralized Bone Matrix
Synthetic Bone Substitutes
Bone Morphogenetic Protein (BMP)
Stem Cell Therapy
Allograft
Others
End-use Outlook (Revenue USD Million, 2018 - 2030)
Hospitals
Outpatient Facilities
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Order a free sample PDF of the Orthopedic Devices Market Intelligence Study, published by Grand View Research.
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Hearing Aids Industry Size, Share, Growth, Analysis Forecast to 2030
The global hearing aids market was valued at approximately USD 7.96 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.78% from 2024 to 2030. This growth can be largely attributed to several key factors. First, there is a rising adoption of hearing aids as more individuals seek solutions for auditory impairments. Alongside this, there is growing awareness of advanced hearing aid technologies that offer enhanced features, such as improved sound quality and noise reduction. Additionally, the increasing prevalence of hearing loss, particularly among the aging population, is driving demand for these devices. The global population is aging, and with this demographic shift, more people are experiencing hearing loss, further fueling market growth.
The hearing aids market is highly dynamic, driven by continuous innovation in technology. Manufacturers are increasingly integrating sophisticated features into hearing aids to improve their effectiveness. Notably, technological advancements like direct streaming capabilities, which allow users to stream audio directly from smartphones or other devices, and advanced sound processing algorithms, which enhance sound clarity and quality, are playing a key role in the market’s expansion. These innovations not only improve hearing outcomes but also provide users with more personalized, convenient experiences. Other emerging technologies, such as smartphone compatibility and remote programming features, also contribute to the market's rapid evolution, offering users more control over their devices and enhancing their overall experience.
Gather more insights about the market drivers, restrains and growth of the Global Hearing Aids Market
Another notable trend in the hearing aids market is the high level of mergers and acquisitions (M&A) activity among leading players. The market is consolidating as major companies seek to strengthen their position and expand their portfolios. For instance, in March 2023, EssilorLuxottica, a global leader in the eyewear and vision care sectors, acquired Nuance Hearing, an innovative start-up based in Israel. This acquisition is part of EssilorLuxottica’s strategy to diversify its business by venturing into the hearing aids sector, combining their expertise in optical technology with new developments in acoustic technology. This move is expected to help EssilorLuxottica broaden its reach in the hearing aids market and further solidify its position in the industry. Companies pursue such acquisitions for various reasons, including gaining access to new technologies, expanding product offerings, and consolidating their positions in a rapidly growing and competitive market.
Hearing Aids Market Segments Highlights:
Based on sales channel, the retail stores segment led the market with the largest revenue share of 71% in 2023. This is attributable to manufacturing companies opening their retail stores for rapid expansion and improved consumer experience.
E-Pharmacy sales segment is projected to witness a significant CAGR over the forecast period. The internet plays a significant role in making a purchase decision and acquiring information about hearing aids, especially for young adults and millennials.
Europe dominated the market with a revenue share of 38% in 2023. This is attributed to an increase in the prevalence of deafness and rising awareness regarding technological advancements. According to the WHO's 2021 report, 196 million people in the WHO area of Europe had some hearing impairment, with 57.3 million (6.2%) having a severe or higher degree of hearing impairment.
Asia Pacific is anticipated to witness the fastest CAGR over the forecast period. Moreover, technological advancements and partnerships among market players are expected to drive market growth in Asia Pacific. China has one of the largest geriatric populations.
Based on product type, the behind-the-ear hearing aids segment led the market in 2023 with the largest revenue share of 40%. BTE aids consist of a small curved case that comfortably fits behind the ear. Modification of these products is possible by connecting them to external sound sources, such as infrared listening systems and auditory training equipment.
The canal hearing aids segment is anticipated to grow at the fastest CAGR over the forecast period. Canal devices are discreet devices, which is one of the critical success factors for their rapid growth. Wearing hearing aids comes with a stigma, therefore, young adults prefer canal devices over other devices.
Based on technology, the digital hearing aids segment held the largest market revenue share of 93% in 2023 and iswa anticipated to grow at the fastest CAGR over the forecast period. This is attributable to the increased preference and technological advancements in digital devices compared to analog devices.
Analog hearing aids segment is expected to witness the moderate CAGR during the forecast period. These devices work by increasing the intensity of continuous sound waves. All sounds, including speech & noise, are uniformly amplified by them. Due to low cost and a small number of resistant customers, manufacturers have been making and selling analog audiology devices.
Browse through Grand View Research's Medical Devices Industry Research Reports.
The global patient-derived xenograft model market size was estimated at USD 291.9 million in 2024 and is projected to grow at a CAGR of 9.64% from 2025 to 2030.
The global healthcare companion robots market size was estimated at USD 2.09 billion in 2024 and is projected to grow at a CAGR of 17.6% from 2025 to 2030.
Hearing Aids Market Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global hearing aids market report based on product type, technology, sales channel, and region.
Product Type Outlook (Revenue, USD Million, 2018 - 2030)
In-the-Ear Hearing Aids
Receiver-in-the-Ear Hearing Aids
Behind-the-Ear Hearing Aids
Canal Hearing Aids
Technology Outlook (Revenue, USD Million, 2018 - 2030)
Digital
Analog
Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
Retail Sales
E-Pharmacy
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)
Order a free sample PDF of the Hearing Aids Market Intelligence Study, published by Grand View Research.
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Vertical Farming Industry Outlook, Research, Trends and Forecast to 2030
The global vertical farming market was valued at USD 6.92 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This rapid growth is driven by several key factors, with one of the primary drivers being the increasing adoption of environmentally friendly agricultural practices to produce fruits and vegetables. As the global population continues to grow at an unprecedented rate, there is an escalating demand for urban agriculture solutions, particularly in cities where traditional farming space is limited or unavailable. Vertical farming, which involves growing crops in stacked layers or vertically inclined surfaces, is well-suited to meet these demands, offering a more sustainable, space-efficient method of food production in urban environments.
The vertical farming market is currently in a high-growth stage, marked by significant technological innovation. Various advanced technologies, including sensors and cameras, are being increasingly integrated into vertical farming systems to enhance resource efficiency, improve crop yields, and address challenges such as limited space and environmental constraints. Additionally, technologies like hydroponics (growing plants in a water-based, nutrient-rich solution), aeroponics (growing plants in air or mist without soil), LED grow lights (to simulate sunlight), and automation systems (for enhanced precision and efficiency) are frequently employed to improve farming outcomes, optimize energy use, and boost overall crop quality.
The growth of the vertical farming market can also be attributed to several broader trends, such as steady population growth, government incentives, the limited availability of cultivable land, and an increasing demand for high-quality, fresh food. Another important factor is the growing consumer demand for organic food, which has positively impacted the vertical farming sector. As more consumers place higher value on organic and locally grown products, vertical farming offers a viable and scalable solution to meet this demand, providing fresh, nutritious produce in a sustainable manner.
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Regional Insights:
In terms of revenue, Europe led the vertical farming market in 2022, holding a market share of approximately 31.7%. Europe is expected to maintain its dominance throughout the forecast period (2023-2030). The region’s strong market position can be attributed to growing awareness about the importance of alternative farming solutions, particularly due to challenges such as scarcity of fertile agricultural land and the effects of population growth. The shift towards urban agriculture in Europe is being driven by the need for more efficient food production methods in cities with limited space.
Europe is also expected to experience significant growth in the vertical farming sector due to the expansion of genetically modified (GM) crop technology and advancements in nanotechnology and robotics for farming. Nanotechnology, in particular, is helping improve food packaging, optimize disease and pest control, and boost overall crop performance, making it a key technological enabler in the region's vertical farming industry.
The European Environment Agency has launched several initiatives aimed at building vertical farms to address ongoing challenges related to population growth, climate change, and the need for more sustainable food production methods. These efforts are expected to continue driving market demand in the region as governments and private entities invest in sustainable agricultural solutions.
In Africa, the vertical farming market is anticipated to grow due to the increasing urbanization and the commercialization of indoor farming. As cities expand, there is rising demand for space-efficient farming solutions. However, the region faces significant barriers to growth, including lack of financial resources to build modern vertical farming systems, as well as limited access to water and land. To overcome these challenges, innovative farming models, such as vertically stacked wooden crates and sack gardens, are being explored and adopted. These low-cost alternatives provide a way to practice vertical farming in resource-constrained environments, offering a potential avenue for growth in the region.
Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.
The global cannabis vertical farming market size was estimated at USD 487.5 million in 2024 and is anticipated to grow at a CAGR of 19.3% from 2025 to 2030.
The global field device management market size was valued at USD 1.83 billion in 2024 and is projected to grow at a CAGR of 6.8% from 2025 to 2030.
Key Companies & Market Share Insights:
The vertical farming market is relatively fragmented, with several key players operating across different regions. Some of the prominent companies driving the market include Agrilution GmbH, Aerofarm, Brightfarms Inc., Everlight Electronics Co., Ltd., Freight Farms, GrowUp Urban Farms Ltd., Green Sense Farms, LLC, and Vertical Farm Systems. These companies are at the forefront of innovation in vertical farming technologies, working to improve the efficiency, sustainability, and scalability of urban farming solutions.
Vertical Farm Systems is focused on developing fully automated growing systems that use reusable mediums and energy-efficient climate cells. The company integrates artificial intelligence (AI) and automation to optimize growing conditions, allowing for more efficient farming with less human intervention and higher precision in crop management.
Brightfarms Inc. is an indoor farming company that specializes in fresh packaged salads grown in controlled environments. The company emphasizes the development of efficient vertical farming systems that prioritize resource efficiency and sustainable practices. Their products are sold locally, reducing the environmental footprint associated with long-distance food transportation.
Bowery Farming is another emerging player in the market, providing vertical farming solutions combined with digital agriculture The company, based in New York, operates farms in New Jersey, Maryland, and Pennsylvania, using data-driven insights to optimize crop growth and improve operational efficiency. Bowery Farming is expanding its footprint in the U.S. and continues to focus on sustainable farming practices that can scale with increasing urban populations.
Aerofarm is a S.-based indoor farming company that utilizes artificial intelligence (AI) and plant biology to enhance the efficiency and productivity of its vertical farming systems. The company’s mission is to address the shortcomings of the existing food system and improve the growth and quality of fresh produce through advanced, sustainable farming techniques.
These key players are actively developing and implementing new farming technologies to meet the increasing demand for sustainable, high-quality produce while reducing the reliance on traditional farming methods that are often constrained by land and resource limitations. Their efforts are focused on improving crop yield, reducing environmental impact, and driving the global adoption of vertical farming techniques.
Key Vertical Farming Companies:
AeroFarms (U.S.)
Illumitex, Inc. (U.S.)
American Hydroponics (U.S.)
Agrilution GmbH
Brightfarms Inc.
Everlight Electronics Co., Ltd.
Freight Farms
GrowUp Urban Farms Ltd.
Green Sense Farms, LLC
Vertical Farm Systems.
Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.
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Smart Factory Industry Size, Status, Analysis and Forecast 2030
The global smart factory market was valued at USD 130.25 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030. The expansion of this market is driven by several factors, including the increasing emphasis on energy efficiency, enhanced manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, emerging technologies such as collaborative robots and advancements in 3D printing present significant growth opportunities for the market during the forecast period.
The global smart factory market is poised for significant growth, driven by technological advancements, a focus on energy efficiency, and the increasing need for resilient and flexible manufacturing. Innovations in AI, IoT, and 3D printing, coupled with rising automation trends, are expected to revolutionize manufacturing processes, creating substantial opportunities for stakeholders in the market. Regional dynamics, such as Asia Pacific’s leadership and Latin America’s rapid industrialization, further underscore the global potential of the smart factory industry.
Role of Emerging Technologies:
Artificial Intelligence (AI) and Machine Learning (ML)
AI and ML technologies are central to the operations of smart factories, enabling manufacturers to optimize processes and improve outcomes. Their applications include:
Predictive Maintenance: AI analyzes equipment data to predict failures, minimizing downtime and maintenance costs.
Quality Control: Machine learning algorithms detect anomalies during production, ensuring product quality.
Process Optimization: Real-time data analysis allows for adjustments to enhance efficiency and reduce waste.
As these technologies evolve, their integration into smart factory environments is expected to deepen, unlocking further efficiencies and capabilities.
Internet of Things (IoT)
IoT forms the backbone of smart factories by enabling real-time monitoring and control of equipment and processes. Its benefits include:
Enhanced automation through connected devices, sensors, and actuators.
Greater visibility across production lines, improving efficiency and decision-making.
The advancement of 5G networks and edge computing, which allow faster data processing and more reliable machine communication.
These developments are driving the adoption of IoT-enabled smart factory solutions.
Gather more insights about the market drivers, restrains and growth of the Smart Factory Market
Regional Insights:
Asia Pacific Smart Factory Market Trends
The Asia Pacific region dominated the global smart factory market in 2022, accounting for over 35% of the total revenue. This region has cemented itself as a global manufacturing hub, driven by a combination of factors:
Industrial Automation and Technological Advancements:
Countries such as China, Japan, and South Korea are at the forefront of industrial innovation, emphasizing automation to enhance production efficiency. These nations have embraced advanced technologies, such as robotics, Internet of Things (IoT), and Artificial Intelligence (AI), as part of their commitment to modernizing their manufacturing capabilities.
Growing Population and Consumer Demand:
The rapidly expanding population across Asia Pacific has led to heightened demand for consumer goods, including automobiles and electronics. This has necessitated the adoption of efficient, high-capacity manufacturing solutions to meet large-scale production needs without compromising quality.
Government Initiatives and Investments in Industry 4.0:
Regional governments are actively promoting the adoption of Industry 4.0 principles through policies and financial incentives. For example:
China’s "Made in China 2025" initiative focuses on transforming the country into a global leader in high-tech manufacturing.
Japan’s Society 5.0 framework integrates technology with traditional industries to optimize production.
South Korea’s Smart Factory Supply Chain Support initiatives aim to build a robust infrastructure for interconnected factories.
These measures encourage the development and deployment of smart factory technologies, ensuring sustained growth in the region.
Latin America Smart Factory Market Trends
Latin America is poised for substantial growth, with a projected compound annual growth rate (CAGR) exceeding 10% during the forecast period. The region’s adoption of smart factory technologies is underpinned by several key trends:
Increasing Industrialization and Focus on Efficiency:
Latin America is experiencing a wave of industrial growth, particularly in sectors looking to optimize resource utilization and improve productivity. By incorporating smart factory solutions, manufacturers can streamline their operations and remain competitive on a global scale.
Sectoral Investment in Key Industries:
Investment in critical sectors such as automotive, electronics, and aerospace is driving the demand for advanced manufacturing technologies.
The automotive industry is leveraging smart factory systems for precision manufacturing and quality assurance.
The electronics sector relies on automation and IoT for efficient production of high-demand consumer devices.
The aerospace industry uses data-driven manufacturing to meet stringent international standards for safety and performance.
Global Market Competitiveness:
To cater to international markets, businesses in the region are adopting smart factory practices that ensure consistency, cost efficiency, and high-quality outputs. These practices also enable manufacturers to meet the growing demand for exports while maintaining compliance with global regulations and standards.
Supportive Policies and Partnerships:
Governments and private stakeholders in Latin America are recognizing the value of smart factory technologies. Policies encouraging technology adoption and international collaborations are playing a pivotal role in driving growth.
Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.
The global e-liquid market size was valued at USD 2.26 billion in 2024 and is projected to grow at a CAGR of 14.0% from 2025 to 2030.
The global intelligent document processing market size was estimated at USD 2.30 billion in 2024 and is projected to grow at a CAGR of 33.1% from 2025 to 2030.
Key Companies & Market Share Insights:
The market is classified as highly competitive, with the presence of several smart factory players. The key players operating in the industry are focusing on strategic alliances, product developments, expansions, and mergers & acquisitions to remain competitive. For instance, in March 2023, Schneider Electric SE, a digital transformation provider of energy management and industrial automation, initiated the construction of its upcoming smart factory in Dunavesce, Hungary. This state-of-the-art facility, backed by an investment of USD 42.67 million (€40 million), would cover an area of 25,000 sq. m. and will accommodate a workforce of 500 employees. Such strategies by key players are anticipated to augment market growth over the forecast period.
Key Smart Factory Companies:
ABB, Ltd.
Dassault Systemes S.E.
FANUC Corporation
General Electric Company
Honeywell International, Inc.
Johnson Controls, Inc.
KUKA AG
Mitsubishi Electric Corporation
Rockwell Automation, Inc.
Schneider Electric SE
Canon Inc.
Cisco System Inc.
Emerson Electric Co. 
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Protein Ingredients Industry by Revenue, Growth Rate and Forecast to 2030
The global protein ingredients market was valued at USD 77.69 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. This growth is being driven by an increasing demand for a variety of food products that use protein ingredients, including items like margarine, cold cuts, bakery products, spreads, yogurt, and milk sausages. The growing consumption of these protein-enriched foods is largely fueled by the rising health consciousness among consumers, especially in aging populations. These consumers are becoming more focused on maintaining health, which is contributing to the rise in demand for protein-rich foods and ingredients. Furthermore, there has been significant innovation in protein products by manufacturers, with proteins being developed that include a wide range of amino acids and serve specific functions such as enhancing satiety, supporting muscle repair, promoting weight loss, and balancing energy levels. These innovations are expected to provide significant growth opportunities for the market.
The protein ingredients market is witnessing substantial growth, driven by increasing consumer demand for protein-enriched foods across various industries, particularly in health-conscious demographics. With strong demand in key regions like North America, Europe, and Asia Pacific, and ongoing product innovations, the market is expected to continue expanding at a steady pace over the forecast period. The rising interest in functional foods, sports nutrition, and plant-based diets will continue to fuel this growth, creating ample opportunities for manufacturers to capitalize on evolving consumer preferences. Leading companies, including Cargill, ADM, and Roquette Frères, are likely to maintain their market leadership through strategic investments, new product developments, and expansion into emerging markets.
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Regional Insights:
North America Protein Ingredients Market Trends
North America was the leading region in the global protein ingredients market, accounting for over 33.56% of the global revenue in 2022. The rising demand for protein ingredients in North America is closely linked to the increasing consumption of protein-rich products such as snacks, cold cereals, and energy bars. This demand has been further supported by the introduction of new, innovative products. For example, Enfamil Human Milk Fortifier Liquid High Protein, launched by companies like Mead Johnson and Cargill, Inc., caters to consumer demand for beverages that are both cholesterol-free and low in saturated fat. These types of product innovations are expected to continue boosting the demand for protein ingredients in the region.
Asia Pacific Protein Ingredients Market Trends
The Asia Pacific region is expected to see the highest growth rate, projected at 6.3% CAGR during the forecast period. This growth is largely driven by emerging consumer markets in countries like China and India, where there is an increasing demand for protein-rich foods. China, in particular, has become one of the world’s largest producers of both plant and animal-based proteins due to the easy availability of raw materials. Soy protein is especially popular in China, with soy accounting for over 91% of the plant-based protein market in the country. Additionally, the growing reliance on packaged foods and beverages in countries like South Korea, Malaysia, Indonesia, India, and China is expected to further fuel the demand for protein ingredients in the Asia Pacific region.
Europe Protein Ingredients Market Trends
In Europe, Germany led the market in terms of revenue share in 2022. One of the key drivers behind this growth is the aging population in Germany, which has led to an increased demand for medical nutritional products that support bone and muscle maintenance. Protein ingredients have played a crucial role in meeting the nutritional needs of the elderly, and this trend has had a positive impact on the market. Additionally, the use of protein ingredients in addressing health conditions such as Alzheimer's disease has contributed to their growing popularity in the region.
Browse through Grand View Research's Category Nutraceuticals & Functional Foods Industry Research Reports.
The global bio vanillin market size was estimated at USD 227.7 million in 2024 and is projected to grow at a CAGR of 5.2% from 2025 to 2030.
The global specialized nutrition market size was estimated at USD 102.18 billion in 2024 and is expected to grow at a CAGR of 7.2% from 2025 to 2030.
Key Companies & Market Share Insights:
The global protein ingredients market is fragmented, with a moderate to high level of competition among numerous players. Manufacturers are increasingly focusing on meeting changing consumer preferences, particularly the rising demand for functional foods and sports nutrition products. As a result, many companies are incorporating protein ingredients derived from various sources such as dairy, soy, pea, eggs, and even insects.
Key market leaders include major players such as Cargill, Incorporated, ADM, and Roquette Frères. These companies are recognized for their broad and diversified product portfolios, strong distribution networks, well-established brand presence, and financial strength, which have helped them capture significant market share.
Some of the key strategies employed by these leading companies include new product launches, expansions, and investments in research and development to cater to evolving consumer demands. For instance, in December 2022, Roquette Frères launched two new types of rice proteins under the NUTRALYS brand. These rice proteins were designed to meet the growing demand for healthier food options and provide a nutritious, plant-based protein alternative. This product is particularly popular for use in special diet foods, sports nutrition, and snacks, and reflects Roquette's ongoing commitment to supporting plant-based diets and promoting healthier lifestyles. Such product innovations help companies strengthen their position in the market and tap into the growing consumer demand for sustainable and nutritious food ingredients.
Key Protein Ingredients Companies:
DuPont
Rousselot
ADM
Burcon
Tessenderlo Group
Kewpie Corporation
Roquette Freres
The Scoular Company
CHS, Inc.
Mead Johnson & Company, LLC
CropEnergies AG
Fonterra Co-Operative Group
Bunge Limited
Cargill, Incorporated
MGP
Ingredion
Kerry Inc.
Givaudan
Axiom Foods
Tate & Lyle
Puris
DSM
Glanbia Plc
Louis Dreyfus Company
Barentz
Nutri-Pea
Prinova Group LLC
Order a free sample PDF of the Protein Ingredients Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 4 days ago
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Nanocellulose Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030
The global nanocellulose market was valued at USD 351.5 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 20.1% from 2023 to 2030. This growth can be attributed to several key factors, including the increasing demand for nanocellulose in various applications and the broader shift towards bio-based products. Nanocellulose is driving demand in multiple industries due to its unique properties, such as enhanced paper machine efficiency, higher filler content, lighter base mass, and improved freeness. These attributes make nanocellulose ideal for a diverse range of products, particularly in the paper industry, where it is considered a sustainable nanomaterial additive. The material is valued for its high strength, excellent oxygen barrier performance, low density, mechanical properties, and biocompatibility, making it one of the most promising bio-based resources.
Nanocellulose is also being increasingly used in the production of construction materials, aqueous coatings, and various other applications. The food & beverage and paper & pulp industries are particularly driving the demand for nanocellulose, as companies in these sectors seek out sustainable, bio-based alternatives. In the food and beverage sector, there is a growing trend toward paper-based packaging driven by consumer demand for environmentally friendly solutions. This shift is leading to increased usage of nanocellulose for packaging purposes.
Within the pulp & paper industry, nanocellulose is used as a key ingredient in the creation of lighter and whiter paper products, which further accelerates market growth. In addition to these uses, nanocellulose's benign properties have made it a valuable component in the healthcare sector, particularly in biomedicines, personal hygiene products, and sanitary items. Its superior adsorption qualities make it especially suitable for applications such as sanitary napkins and wound dressings. Furthermore, ongoing research into nanocellulose and its applications is expected to drive continued market expansion.
Gather more insights about the market drivers, restrains and growth of the Nanocellulose Market
Regional Insights:
North America Nanocellulose Market Trends
North America is expected to become the second-largest consumer of nanocellulose, primarily due to its high consumption potential, increasing manufacturing capacity, economic development, and the rising demand for lightweight passenger vehicles. Furthermore, there is a growing preference for environmentally friendly packaging solutions in the food and beverage industry, which will further drive demand for nanocellulose in the region.
The U.K., the largest consumer of nanocellulose in Europe, is expected to see exponential market growth. This can be attributed to changing consumer preferences for plant-based ingredients in a variety of sectors including food & beverages, medicinal products, and electronics. Additionally, significant investments in facility expansions, acquisitions, collaborations, and research and development (R&D) are expected to further stimulate the market in the U.K.
Asia Pacific Nanocellulose Market Trends
In the Asia Pacific region, emerging economies like South Korea and India are seeing rapid adoption of environmentally friendly coatings, composites, and paints. This, combined with increasing demand for both lightweight and heavy-duty vehicles, is anticipated to fuel the region's demand for nanocellulose in the coming years.
Europe Nanocellulose Market Trends
In 2022, Europe led the nanocellulose market, holding a revenue share of over 35%. This dominance can be attributed to the region’s growing demand for pulp and paper products and regulatory measures such as the ban on single-use plastic packaging. These bans are expected to fuel the demand for alternative materials like nanocellulose for packaging purposes.
Browse through Grand View Research's Category Renewable Chemicals Industry Research Reports.
The global biodegradable mulch films market size was estimated at USD 50.75 billion in 2024 and is expected to grow at a CAGR of 8.9% from 2025 to 2030.
The global bio-polyamide market size was valued at USD 258.07 million in 2024 and is expected to grow at a CAGR of 20.50% from 2025 to 2030.
Key Companies & Market Share Insights:
The nanocellulose market is relatively consolidated, with a few key players dominating the industry. Major companies include CelluForce, Fiber Lean, and Kruger Inc., among others. These companies engage in various strategic activities such as mergers and acquisitions, geographical expansion, product development, and innovation in order to strengthen their market positions, increase profitability, and introduce new products to the market.
Compared to other high-performance nanotechnology materials, nanocellulose stands out due to its lower cost and its potential to replace many petrochemical-based products. It is known for its biodegradability, transparency, flexibility, high mechanical strength, and barrier properties, which makes it highly desirable across a wide range of industries. As consumer interest in health and environmental issues continues to grow, especially in the food & beverage sector, demand for sustainable products like nanocellulose is expected to increase, positively impacting the market share.
The growing awareness of the health and environmental concerns associated with harmful chemical products has also spurred increased production of nanocellulose. In response, the market has witnessed several new product developments, mergers and acquisitions, and joint ventures, driven by the need to address industrial challenges and capitalize on the demand for sustainable alternatives.
In summary, the nanocellulose market is poised for rapid growth due to its versatile applications, especially in the paper & pulp, food & beverage, healthcare, and automotive industries. With strong regional demand, particularly from Europe, North America, and Asia Pacific, and continued advancements in nanocellulose production and research, the market is set to expand significantly over the next decade.
Key Nanocellulose Companies:
Cellu Force
Fiber Lean
NIPPON PAPER INDUSTRIES CO., LTD.
Kruger INC
Borregaard AS
CelluComp
Melodea Ltd
Blue Goose Refineries
GranBio Technologies
Stora Enso Biomaterials
Order a free sample PDF of the Nanocellulose Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 7 days ago
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Urinary Catheters Industry Segmentation, Parameters and Prospects by 2030
The global urinary catheters market was valued at USD 5.2 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth is driven by an increasing number of patients experiencing Urinary Tract Infections (UTIs), urethral blockages, and tumors in the urinary tract or reproductive organs, along with the rapidly expanding geriatric population. Urinary catheters, which are flexible tubes used to drain urine from the bladder, are commonly made from materials such as plastic, rubber, and silicon. Physicians recommend urinary catheterization for conditions such as Urinary Incontinence (UI), urinary retention, prostate surgery, or other medical issues like spinal cord injury, multiple sclerosis, or dementia, where bladder function may be compromised.
Gather more insights about the market drivers, restrains and growth of the Urinary Catheters Market
Regional Insights:
North America Urinary Catheters Market Trends
North America led the global urinary catheters market in 2022, holding over 34.4% of the total revenue share, with expected continued growth. This dominance is attributed to the increasing prevalence of diseases such as bladder obstruction, UI, Benign Prostate Hyperplasia (BPH), urinary retention, and bladder cancer. In North America, urological conditions are a significant health concern, especially among the elderly. The National Association for Continence reports that individuals aged 40 and above frequently suffer from Overactive Bladder (OAB) and urine urgency. Additionally, the American Society of Nephrology notes that urologic issues rank as the third most common complaint in individuals aged 65 and above, accounting for about 47% of physician visits in the U.S. Furthermore, bladder cancer rates are significant; according to the Canadian Cancer Society, around 12,200 cases were diagnosed in 2020, with 2,600 related deaths. The high incidence of BPH-related surgeries and rising bladder cancer cases are key factors driving market growth in North America.
Asia Pacific Urinary Catheters Market Trends
The Asia Pacific region is projected to be the fastest-growing market for urinary catheters during the forecast period. This growth is fueled by the increasing incidence of spinal cord injuries, BPH, and UTIs, with UTIs being among the most prevalent infectious diseases in the region. UTIs in Asia Pacific lead to high rates of morbidity and mortality, especially in hospitals, and impose a considerable financial burden on communities. Factors like advancing age, constipation, vaginal deliveries, childbirth, obesity, surgery, and chronic respiratory conditions elevate the risk of UTIs, particularly among women, thereby driving demand for urinary catheters in the region. Additionally, increased government spending, investments by leading market players, and awareness initiatives are expected to contribute to market growth. For example, in India, the Urological Society of India developed guidelines to raise awareness about urinary incontinence, while in South Korea, the Korean Incontinence Society promotes awareness regarding pelvic floor and lower urinary tract health issues. Such initiatives are anticipated to drive market expansion in Asia Pacific throughout the forecast period.
Browse through Grand View Research's Category Medical Devices Industry Research Reports.
The global endoscope sterilization market size was estimated at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 9.64% from 2025 to 2030.
The global neuromodulation devices market size was estimated at USD 5,795.81 million in 2024 and is anticipated to grow at a CAGR of 8.51% from 2025 to 2030.
Key Companies & Market Share Insights:
To expand their market share, companies in the urinary catheters industry are continuously introducing new products and expanding their geographical reach. For instance, Japan-based Terumo Corporation acquired Sequent Medical, a U.S.-based medical device manufacturer, through its U.S. subsidiary. This acquisition reflects a broader trend among global players, who are relocating production facilities to different countries to achieve economies of scale.
Furthermore, many manufacturers in the catheter industry form partnerships with major medical device distributors to supply their products either globally or within specific countries. Such strategic alliances are widespread and benefit manufacturers by providing marketing licenses, while also reducing liability in cases of product recall or adverse events. A prominent example is the three-year purchasing agreement signed in March 2019 between Coloplast Corporation and Premier Inc., a U.S.-based healthcare company. Through this agreement, Coloplast’s urology products, including catheters, gained access to Premier’s network alliance, which consists of around 4,000 U.S. hospitals. Premier's integrated supply chain, advisory, and data analytics solutions allow Coloplast to secure supply agreements at lower costs, supporting the company’s market presence and reach in the U.S.
Key Urinary Catheters Companies:
Hollister, Inc.
Medtronic PLC
Boston Scientific Corp.
BD (C.R. Bard, Inc.)
Cook Medical
ConvaTec, Inc.
Teleflex, Inc.
Coloplast
Braun Melsungen AG
Medline Industries, Inc.
J and M Urinary Catheters LLC
Order a free sample PDF of the Urinary Catheters Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 7 days ago
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Textile Chemicals Industry Analysis, Research, Review, Applications and Forecast to 2030
The global textile chemicals market was valued at USD 26.44 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. This growth is primarily driven by the rising demand in the clothing and apparel sector, which is boosted by a growing global population, urbanization, and higher disposable incomes. Textile chemicals are essential across various stages of fabric production, from pre-treatment and dyeing to finishing, as they enhance the quality, appearance, and functionality of textiles.
The rapid development of new textile manufacturing techniques, such as digital printing, nanotechnology, and smart clothing, has increased the need for specialized chemicals that improve fabric durability, comfort, and additional features like water repellency or UV protection. Additionally, countries like China, India, and Bangladesh have emerged as major textile manufacturing hubs. These nations benefit from lower labor costs and government support aimed at promoting textile production. For instance, in February 2024, the Government of India increased its budget allocation for the textile sector to over INR 1000 crore, with INR 600 crore specifically allocated to support the Cotton Corporation of India. This kind of governmental support is expected to further boost textile chemical demand by driving increased production in these regions.
Gather more insights about the market drivers, restrains and growth of the Textile Chemicals Market
Regional Insights:
North America North America’s advanced textile manufacturing industry is characterized by high quality standards and a demand for technical textiles, especially in sectors like automotive, aerospace, and healthcare. This requires specialized textile chemicals to enhance properties like durability, flame resistance, and antimicrobial features.
In the U.S., the textile chemicals market is strong, driven by a diversified textile sector producing apparel, home furnishings, and technical textiles. Chemicals play a crucial role in enhancing aesthetics, performance, and durability through processes like dyeing, finishing, and coating.
Asia Pacific Asia Pacific held a 57.52% market share in 2023, fueled by extensive textile production in countries like China, India, and Vietnam, benefiting from low production costs and abundant resources. China, the largest global textile producer, uses extensive chemicals for dyeing, finishing, and meeting international standards.
Europe Europe’s textile chemicals market benefits from its long-standing textile industry and focus on innovation. Germany leads in R&D for sustainable textile chemicals, while Turkey’s growing textile production drives demand for chemicals across the value chain, from fiber to finished garments.
Central & South America In Central and South America, textile manufacturing, especially in Brazil, Mexico, and Colombia, is expanding, with a growing need for chemicals in processes like dyeing and finishing. Brazil, in particular, is modernizing its textile facilities and adopting advanced chemicals for better product quality.
Middle East & Africa (MEA) MEA countries are investing in textile infrastructure, such as Kenya's Nairobi Gate Industrial Park, to boost local production. In South Africa, rising middle-class demand and export ambitions drive the use of advanced textile chemicals to meet international standards.
Browse through Grand View Research's Category Specialty Polymers Industry Research Reports.
The global perlite market size was estimated at USD 1.55 billion in 2024 and is projected to grow at a CAGR of 6.9% from 2025 to 2030.
The global aseptic packaging market size was valued at USD 77.1 million in 2024 and is projected to grow at a CAGR of 10.8% from 2025 to 2030.
Key Companies & Market Share Insights:
The global textile chemicals market is characterized by the presence of both established players and emerging participants. Companies in this sector are expanding their manufacturing capabilities, investing in research and development, and focusing on sustainable product innovations to keep up with evolving demands in textile production. This competitive landscape is set to foster a range of innovative products, including environmentally friendly and efficient chemical solutions that align with the growing sustainability trend in the textile industry.
Kiri Industries Ltd. – A key player known for its expertise in dye and dye intermediates, Kiri Industries Ltd. produces a range of textile chemicals used globally in dyeing and printing applications.
AB Enzymes – A biotechnology company specializing in enzyme solutions for various industries, including textiles. AB Enzymes provides enzyme preparations that improve fabric properties and help reduce the environmental impact of textile production. Their products are also used in baking, fruit juice processing, grain processing, and animal feed.
BASF SE – Operating across six segments, BASF SE’s textile chemical offerings are mainly within the chemicals and industrial solutions segments. The company supplies non-halogenated flame retardants and other chemical additives for textiles. Its diversified portfolio includes intermediates, petrochemicals, and catalysts, which cater to various end-use industries, including textiles.
Evonik Industries AG – A leading global manufacturer of specialty chemicals, Evonik operates through four business segments, with the Performance Materials segment serving the textile market. The company provides a wide array of chemical intermediates and additives, including polymer additives and potassium derivatives, for use in enhancing textile properties.
Kemira Oyj – Specializing in chemical solutions for industrial use, Kemira offers products that serve the pulp and paper, water, oil and gas, and textile industries. For textiles, Kemira provides oil-based foam control products (defoamers) that reduce foam formation in high-temperature applications, as well as dry powder flocculants, such as nonionic polyacrylamides, which aid in treating wastewater in textile processes.
OMNOVA Solutions Inc. – OMNOVA is a specialty chemicals manufacturer that produces emulsion polymers and functional chemicals. OMNOVA’s offerings include various decorative and functional surfaces, including pool liner films and upholstery materials. Their performance chemicals and engineered surfaces divisions supply products for applications in textiles, construction, and consumer goods.
Govi N.V. – This company manufactures engineered process chemicals, producing emulsions, oleochemicals, and dispersions for industries including construction, insulation, food, feed, and textiles. With five production sites worldwide, Govi N.V. operates facilities in Belgium, Serbia, Malaysia, and Turkey, supplying materials used in textile treatments.
Resil Chemicals Pvt. Ltd. – Based in India, Resil Chemicals specializes in organic chemicals for textiles and various other industries such as agriculture, construction, and leather. Known for its functional finishes, Resil Chemicals produces solutions for sustainable textile processing, focusing on creating chemicals that improve fabric quality and sustainability in textiles.
Other Emerging Participants – Other noteworthy participants in the textile chemicals market include German Chemicals Ltd., BioTex Malaysia, and additional regional suppliers that are expanding their market reach by supplying niche chemical solutions for textile production.
Order a free sample PDF of the Textile Chemicals Market Intelligence Study, published by Grand View Research.
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marketstudyreport · 7 days ago
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Nurse Call Systems Industry Research Report 2030 By Players, Regions, Types & Applications
The global nurse call systems market was valued at USD 1.7 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 12.11% from 2023 to 2030. This growth can be attributed to the increasing need for more diverse and integrated healthcare platforms that improve mobility assistance, enhance patient care, and streamline workflows in healthcare settings. The market is also driven by evolving reimbursement policies in healthcare. For instance, Medicare is shifting from reimbursement schemes based on quantity to those based on quality and outcomes. This change is motivated by the rising costs of healthcare. Medicare estimates that its current reimbursement practices result in an additional USD 2.1 billion in costs annually, a figure that it aims to reduce by focusing on technology-driven healthcare solutions. As a result, hospitals and other healthcare facilities are adopting technology-oriented nurse call systems to enhance their workflow, improve patient care, and reduce costs.
Another key factor driving market growth is the growing adoption of real-time location systems (RTLS) integrated with wireless technologies in healthcare facilities. RTLS allows healthcare providers to track the movement of medical staff, patients, and equipment, thereby increasing productivity and improving response times. For example, Televic’s AQURA Care Communication Platform is an integrated system that includes modules for nurse calls, personal localization (RTLS), patient and staff safety, alarm delivery, and personal mobility. The platform is designed to be flexible, allowing for integration with existing hospital infrastructure, which enhances the system’s utility across various healthcare settings.
Additionally, with the rise of home healthcare and nursing home facilities, major industry players are focusing on improving patient response times and reducing nurse fatigue. Companies are differentiating their products by integrating nurse call systems with various diagnostic solutions and technologies to offer more comprehensive services. For instance, Vocera Communications, Inc. introduced an analytics solution in June 2019 that provides detailed insights into the number of calls, texts, alarms, and alerts received by clinicians, helping improve overall operational efficiency and communication.
Gather more insights about the market drivers, restrains and growth of the Nurse Call Systems Market
Regional Insights:
North America Nurse Call Systems Market Trends
In 2022, North America dominated the nurse call systems market, accounting for 41.1% of the total revenue. This market leadership is due to factors such as growing awareness of healthcare technology, favorable health reimbursement policies, and the strategic presence of industry players in the region. In addition, the high cost of healthcare, a low caregiver-to-patient ratio, and a rising elderly population in the U.S. are driving demand for nurse call systems. The increasing need to improve patient care, reduce operational inefficiencies, and support healthcare workers has further spurred the adoption of advanced nurse call systems in the region.
Asia Pacific Nurse Call Systems Market Trends
The Asia Pacific region is expected to witness remarkable growth, with a projected CAGR of 13.52% during the forecast period. This growth is driven by the significant geriatric population in the region and the increasing number of patients visiting outpatient clinics and nursing homes. As countries like India and China experience rapid economic growth, domestic manufacturers are focusing on gaining a competitive edge in their local markets, which is intensifying competition and innovation in the region. Additionally, there are growing efforts to reduce burnout in medical staff and improve hospital workflows, further propelling the demand for nurse call systems.
Europe Nurse Call Systems Market Trends
In Europe, the market for nurse call systems is expanding due to increasing concerns about patient falls, the need for enhanced staff support, and government support to promote the adoption of digital health technologies in hospitals. Healthcare facilities are increasingly adopting advanced nurse call systems to improve patient care and streamline operations. In addition, regulatory frameworks encouraging the use of technology to reduce medical errors and improve healthcare outcomes are contributing to market growth across the continent.
Browse through Grand View Research's Category Medical Devices Industry Research Reports.
The global surgical helmet market size was estimated at USD 79.50 million in 2024 and is projected to grow at a CAGR of 4.77% from 2025 to 2030.
The global endoscope sterilization market size was estimated at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 9.64% from 2025 to 2030.
Key Companies & Market Share Insights:
The global nurse call systems market is highly fragmented, with various companies competing for market share through diverse strategies, such as product launches, investments, and mergers and acquisitions. Companies are continuously investing in innovations to enhance their product offerings and strengthen their market position.
For instance, in July 2020, Hill-Rom Holdings Inc. collaborated with Aiva to enable hands-free communication between caregivers and patients, as well as between caregivers themselves, using Hill-Rom’s Voalte Mobile solution. This collaboration aimed to improve operational efficiency and communication in healthcare settings, further positioning the companies as leaders in the nurse call systems market.
As the healthcare sector continues to embrace technology, key players in the market are expected to introduce more advanced, integrated solutions that will further enhance patient care, optimize healthcare workflows, and improve staff efficiency across various healthcare settings.
Key Nurse Call Systems Companies:
Hill-Rom Holding, Inc.
Rauland Corporation
Honeywell International, Inc.
Ascom Holding AG
TekTone Sound and Signal Mfg., Inc.
Austco Healthcare
Stanley Healthcare
Critical Alert Systems LLC
West-Com Nurse Call Systems, Inc.
JNL Technologies
Cornell Communications 
Order a free sample PDF of the Nurse Call Systems Market Intelligence Study, published by Grand View Research.
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