#Heat Pump Market Research

[me-amaraja]

[marketsndata]

[rjzimmerman]

Excerpt from this story from Canary Media:

Colorado just got a big boost to help slash planet-warming emissions from commercial buildings.

Last week, the U.S. Department of Energy (DOE) announced the state was selected to receive a $20 million grant to help implement its building performance standards — ambitious rules that limit the amount of carbon pollution big buildings can emit. Colorado adopted the policy, which applies to edifices 50,000 square feet or greater, last year.

The funding will be used to help buildings in marginalized communities, whose owners may be less able to afford deep carbon-cutting measures like insulation and heat pumps, meet the state’s building decarbonization targets.

“We’re really excited about this DOE award to ensure the success of Colorado’s building performance standard,” Dominique Gómez, deputy director of the Colorado Energy Office, told Canary Media.

The Colorado award was the largest among the 19 grants to state and local governments announced last week as part of a broader $1 billion Inflation Reduction Act effort to clean up the U.S. building stock. The vast majority of the new round of funding went to helping cities and states design or implement performance standards for buildings, a means of tackling emissions that’s taking root around the country. From New York City’s pioneering Local Law 97 to Seattle’s Building Emissions Performance Standards, these policies set emissions or energy-use intensity caps per square foot in large structures that become more stringent over time.

Building owners have flexibility in figuring out how to meet these standards, whether that’s switching to LED light bulbs, weatherizing, electrifying heating or all of the above. If they fall short, owners face hefty penalties that are designed to exceed retrofit costs, according to Paulina Torres, research manager at global real-estate services firm JLL.

Performance standards are sticks to the policy carrots incentivizing energy efficiency upgrades that, on their own, largely haven’t worked to reduce building sector emissions, said Marshall Duer-Balkind, policy director at the building decarbonization nonprofit Institute for Market Transformation (IMT).

Unlike building energy codes, which generally target new construction, performance standards tackle emissions from existing buildings — a massive source of climate pollution. When you include the electricity they consume, buildings are the largest source of carbon emissions in the country — more than transportation, agriculture, or industry (excluding its buildings), according to the DOE. 

[meret118]

Tainted CPAP machines and ventilators went to children, the elderly and at least 700,000 veterans despite internal warnings. Company insiders said the devices posed an “unacceptable” risk.

The first complaints landed at the offices of Philips Respironics in 2010, soon after the company made a fateful decision to redesign its bestselling breathing machines used in homes and hospitals around the world.To silence the irritating rattle that kept users awake at night, Philips packed the devices with an industrial foam — the same kind used in sofas and mattresses. It quickly became clear that something had gone terribly wrong.

The reports coming into Philips described “black particles” or “dirt and dust” inside machines that pump air to those who struggle to breathe. One noted an “oily-like” substance. Others simply warned of “contamination.”

Yet Philips withheld the vast majority of the warnings from the Food and Drug Administration, even as their numbers grew from dozens to hundreds to thousands and became more alarming each year.

. . .

Instead, as the complaints continued to pile up in company files, Philips waged aggressive global marketing campaigns to sell more machines, including new models fitted with the hazardous foam.The sales pitch worked: The devices went to infants, the elderly and at least 700,000 veterans. The company also promoted machines meant for some of the sickest people in the country, rolling out a new ventilator filled with the foam in the early months of the COVID-19 pandemic.

. . .

All the while, people using Philips machines were suffering from illnesses that no one could explain: vomiting, dizziness and headaches, along with newly diagnosed cancers of the lungs, throat, sinuses and esophagus. One man in Philadelphia coughed so hard that he broke his ribs, and a Florida woman with a hacking cough was hospitalized for days and placed on oxygen.

. . .

Studies published in scholarly journals showed the foam broke apart in heat and moisture. The company used it anyway, even though the machines send air for hours at a time into the lungs of users.

. . .

As news of the problem spread, customers and others stepped forward by the thousands, describing emergency room visits and sudden illnesses in reports submitted to Philips and the government. The reports detailed nearly 2,000 cases of cancer, 600 liver and kidney illnesses and 17,000 respiratory ailments.

. . .

The company acknowledges that the foam tested positive for genotoxicity — its own experts described “uncontrolled cellular replication” — but said that a third-party assessment still concluded the machines are unlikely to cause harm.

The three experts consulted by the news organizations said that’s not possible. While safety thresholds for chemical emissions vary and findings can be open to interpretation, genotoxicity means that one or more chemicals are changing cells, the building blocks of the human body.

“You can’t make the argument that it’s safe. That’s bad science,” said the engineer familiar with the Philips testing. “It’s a real-life failure that shows you have a problem. There’s no ambiguity. There is unacceptable risk. Full stop.”

The company’s ventilators also tested positive for genotoxicity; Philips said the devices are still being assessed.

. . .

More details about the health risks are expected to emerge through the ongoing federal lawsuits in Pittsburgh. Earlier this month, the company reached a settlement in one of the cases, agreeing to pay at least $479 million to reimburse customers and others for the costs of the defective machines.

Other legal challenges are still ongoing, including more than 600 personal injury claims and a class-action suit seeking ongoing medical monitoring and research on the dangers posed by the devices.

------

They knew the foam would break down when they decided to use it. Tests within the company after complaints came in showed how dangerous the devices were, but they refused to even change the design for new sales, much less recall the old ones. For every official complaint, how many more people were harmed that weren't reported?

They didn't recall them until 3,700 official complaints had been made. Until after they sold over 5 million life-threatening machines. There's no way to know how many people they killed.

If they think the products are so great, then they won't mind being forced to use them.

Companies will keep doing this until the financial cost of hurting people is greater than the profits from doing so.

Trigger warning for disturbing medical details, descriptions of suffering, and an image of a permanent feeding tube, in the article.

[market-insider]

Zero Friction Coatings Market: Charting the Course for Enhanced Performance and Sustainable Solutions

The global zero friction coatings market size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers' Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture.

Zero Friction Coatings Market Report Highlights

In 2021, molybdenum disulfide emerged as the dominant type segment by contributing around 50% of the revenue share. This is attributed to its properties such as low coefficient of friction at high loads, electrical insulation, and wide temperature range

The automobile & transportation was the dominating end-use segment accounting for a revenue share of more than 35% in 2021 due to the rapid growth of the automotive industry across the globe

The energy end-use segment is anticipated to grow at a CAGR of 5.7% in terms of revenue by 2030, owing to the excessive wear on the drill stem assembly and the well casing during the drilling operations in the oil and gas sector

In Asia Pacific, the market is projected to witness the highest CAGR of 5.8% over the predicted years owing to the presence of car manufacturing industries in the countries such as Japan, South Korea, and China

For More Details or Sample Copy please visit link @: Zero Friction Coatings Market Report

Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automatic transmissions, oil pumps, braking systems, and others is expected to drive its demand over the forecast period.

Low friction coatings can be used in extreme environments comprising high pressure, temperatures, and vacuums. These coatings can provide improved service life and performance thereby eliminating the need for wet lubricants in environments that require chemicals, heat, or clean room conditions. The product containing molybdenum disulfide (MoS2) are suitable for reinforced plastics while those free from MoS2 are suitable for non-reinforced plastics.

Zero friction coatings are paint-like products containing submicron-sized particles of solid lubricants dispersed through resin blends and solvents. The product can be applied using conventional painting techniques such as dipping, spraying, or brushing. The thickness of the film has a considerable influence on the anti-corrosion properties, coefficient of friction, and service life of the product. Its thickness should be greater than the surface roughness of the mating surfaces.

ZeroFrictionCoatingsMarket #FrictionlessTechnology #CoatingInnovations #IndustrialEfficiency #ZeroFrictionSolutions #AdvancedMaterials #SurfaceCoatings #ManufacturingAdvancements #GlobalIndustryTrends #InnovativeCoatings #PerformanceOptimization #MechanicalSystems #SustainableTechnology #IndustrialApplications #FutureTech #InnovationInMaterials #EfficiencySolutions #ZeroFrictionMarket #TechnologyInnovation #EngineeringMaterials

[globalinsightsservices]

Ocean Thermal Energy Conversion Market Expected to Witness Incredible Growth and Forecast 2024-2033

Market Definition

Ocean Thermal Energy Conversion (OTEC) is an emerging market focused on utilizing the temperature difference between warm surface seawater and cold deep seawater to generate renewable energy. This sector includes the development, deployment, and innovation of OTEC systems, as well as investments in the necessary infrastructure. OTEC provides sustainable energy solutions, especially for tropical regions, supporting global clean energy goals and addressing climate change by reducing dependence on fossil fuels.

Market Segmentation Type Closed-Cycle, Open-Cycle, Hybrid-Cycle Product Power Generation Systems, Desalination Systems, Chillers Technology Heat Exchanger Technology, Turbine Technology, Cold Water Pipe Technology Component Heat Exchangers, Pumps, Turbines, Cold Water Pipes, Condensers, Evaporators Application Electricity Generation, Sea Water Air Conditioning, Desalination, Aquaculture Deployment Onshore, Offshore, Floating Platforms End User Utilities, Industrial, Commercial, Residential Installation Type New Installation, Retrofit Equipment Power Block, Cold Water Pipe System, Platform Structure

Request Sample: https://www.globalinsightservices.com/request-sample/?id=GIS32608

Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

Market Outlook

The Ocean Thermal Energy Conversion (OTEC) market is projected to grow from $0.3 billion in 2023 to $1.2 billion by 2033, with a CAGR of 14.5%. In 2023, the market showed strong volume, with substantial growth expected in the coming decade. The market is divided into closed-cycle, open-cycle, and hybrid systems, with closed-cycle systems leading the share at 55%. Open-cycle systems represent 30%, and hybrid systems make up 15%. This distribution reflects the efficiency and reliability of closed-cycle systems, which generate electricity by exploiting temperature differences between surface and deep ocean waters.

Key players such as Lockheed Martin, Makai Ocean Engineering, and Ocean Thermal Energy Corporation are driving technological advancements to strengthen their market positions. Competitive dynamics are influenced by innovation and strategic partnerships, with significant investments in R&D aimed at improving system efficiency and reducing costs. The regulatory landscape, including international renewable energy agreements and government incentives, plays a critical role in market growth.

Future projections indicate steady OTEC adoption, with capital expenditure expected to grow at 10% annually through 2033. This growth is driven by the global shift toward sustainable energy and the untapped potential of ocean thermal resources. However, challenges such as high initial costs and environmental considerations remain. The integration of AI and IoT to optimize energy conversion processes presents new opportunities for market expansion.

Major Players

Ocean Therm Energy

Deep Blue Power

Marine Energies

Aqua Thermal Solutions

Therm Ocean Innovations

Blue Wave Energy Systems

Oceanic Thermal Technologies

Sea Power Dynamics

Thermal Ocean Ventures

Eco Marine Energy

Deep Sea Thermal Systems

Ocean Pulse Energy

Thermal Tide Technologies

Aqua Current Solutions

Marine Therm Global

Ocean Harvest Energy

Deep Therm Technologies

Blue Current Innovations

Thermal Sea Dynamics

Recent developments

Recent developments in the Ocean Thermal Energy Conversion (OTEC) market are reshaping its dynamics, influencing market share, size, and pricing. The global shift toward renewable energy has spurred interest in OTEC, especially in regions rich in oceanic resources. Technological advancements have significantly reduced initial costs, making OTEC more competitive with traditional energy sources. This has led to increased investments and pilot projects, particularly in island nations striving for energy independence and sustainability. Governments are also evolving regulatory frameworks, offering incentives to accelerate clean energy adoption.

Key players, including Lockheed Martin and Makai Ocean Engineering, are leading innovations aimed at improving the efficiency and scalability of OTEC systems. Their efforts are vital in overcoming challenges such as thermal efficiency and environmental impact. Geopolitical factors, including maritime territorial disputes, are influencing deployment in certain regions. Moreover, the integration of OTEC with other renewable technologies like solar and wind is enhancing its appeal as a hybrid energy solution.

Market trends are increasingly focused on sustainability and energy security, which is driving demand for OTEC. Its ability to provide base-load power is a notable advantage, especially for remote and developing areas. However, economic feasibility remains a challenge due to high initial capital and maintenance costs. To address these barriers, collaboration among governments, the private sector, and research institutions is essential. As the global energy landscape evolves, OTEC is set to play a key role in the transition to a more sustainable and resilient energy future.

Research Scope

Scope - Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics - Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape - Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles - Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

Contact Us:

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About Us:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

[m-arathe]

Metal Hydride Market: Growth Prospects and Key Players in Focus

Straits Research Contact Information: Email: sales@straitsresearch.com Website: Straits Research

Metal Hydride Market Set to Reach USD 6.93 Billion by 2032 – Growth Driven by Energy Storage and Clean Technology Innovations

Straits Research is pleased to release its latest report on the Metal Hydride Market, which highlights the industry’s projected expansion from USD 3.71 billion in 2023 to an estimated USD 6.93 billion by 2032. This impressive growth reflects a strong compound annual growth rate (CAGR) over the forecast period. The report provides an in-depth analysis of the market's key growth drivers, emerging trends, segmentation, and a list of influential players shaping the future of the metal hydride industry.

Market Overview: What Are Metal Hydrides?

Metal hydrides are compounds composed of hydrogen and metals that hold significant importance in various applications, including hydrogen storage, fuel cells, batteries, and more. These materials are renowned for their ability to store large quantities of hydrogen in a compact, stable form, making them critical in energy storage and clean energy systems. The Metal Hydride Market is increasingly becoming vital to the development of sustainable technologies, such as hydrogen-powered vehicles, renewable energy storage, and advanced battery solutions.

Key Market Trends and Innovations

The Metal Hydride Market is currently experiencing significant growth, driven by various technological advancements and global shifts towards cleaner energy solutions. Some of the most impactful trends include:

Advances in Hydrogen Storage: The demand for efficient and cost-effective hydrogen storage solutions has increased as industries aim to reduce carbon emissions and transition to hydrogen-powered technologies. Metal hydrides are gaining prominence due to their high hydrogen density and safe storage capabilities.

Growth of Electric Vehicles (EVs): With the rise of electric vehicle adoption, the demand for energy-efficient batteries, particularly Nickel-Metal Hydride (NiMH) batteries, has surged. Metal hydrides play an essential role in supporting EV infrastructure by providing advanced battery technologies.

Renewable Energy Integration: As renewable energy sources like solar and wind become more widespread, efficient energy storage solutions are critical. Metal hydrides are being increasingly integrated into energy storage systems, such as heat pumps, thermal storage, and hydrogen fuel cells.

Technological Innovations in Metal Hydride Production: Research and development efforts aimed at improving the stability, storage capacity, and cycling performance of metal hydrides have been a significant factor in their growing adoption across various industries.

Sustainability and Environmental Focus: Governments and organizations worldwide are focusing on achieving carbon neutrality by promoting green technologies. Metal hydrides, which offer clean energy solutions and efficient storage mechanisms, align perfectly with these sustainability goals.

  Get Free Request Sample Report @ https://straitsresearch.com/report/metal-hydride-market/request-sample

Growth Drivers for the Metal Hydride Market

The Metal Hydride Market is driven by multiple factors that highlight the ongoing demand for efficient storage and energy solutions. These factors include:

Hydrogen Economy and Green Energy Transition: Governments and industries are embracing hydrogen as a clean, sustainable energy source, fueling the need for metal hydrides for hydrogen storage. As hydrogen energy systems become more integrated into the global energy grid, the demand for metal hydrides will continue to rise.

Electric Vehicle and Battery Storage: With electric vehicles becoming mainstream, the need for long-lasting, efficient batteries has increased. Metal hydride-based batteries, particularly NiMH batteries, are gaining ground as an eco-friendly alternative to conventional lithium-ion batteries.

Industrial Applications of Metal Hydrides: Beyond energy storage, metal hydrides find applications in industrial sectors such as hydrogen compression, purification, and even isotope separation, contributing further to market growth.

Cost Reduction and Process Optimization: As manufacturers develop more efficient production methods for metal hydrides, the cost of these materials is expected to decline, encouraging broader adoption in various applications from automotive to industrial hydrogen storage systems.

Opportunities for Growth in the Metal Hydride Market

The Metal Hydride Market is also experiencing several growth opportunities, particularly in the following areas:

Expansion in Hydrogen Infrastructure: As hydrogen infrastructure grows to support fuel cells and hydrogen-powered vehicles, metal hydrides are expected to play a crucial role in hydrogen storage and distribution. This opens up significant opportunities for manufacturers to develop innovative storage solutions.

R&D and Product Development: The continuous advancements in material science, along with increased investments in R&D for novel metal hydride compounds, will likely enhance storage efficiency and increase the applicability of these materials across multiple industries, including clean energy, automotive, and electronics.

Growing Demand in Industrial Sectors: Beyond energy, industries such as refrigeration, heat pumps, and purification are seeing increased adoption of metal hydride technology, presenting untapped potential for market players.

Strategic Collaborations and Partnerships: Companies focusing on metal hydride-based applications can benefit from partnerships with renewable energy firms, car manufacturers, and research institutions, thereby enhancing their technological capabilities and market reach.

Buy Now @ https://straitsresearch.com/buy-now/metal-hydride-market

Market Segmentation

The Metal Hydride Market is segmented based on type and application:

By Type

Alloys

Complexes

Others

By Application

Hydrogen Storage

NiMH Batteries

Fuel Cells

Heat Pumps

Thermal Storage

Hydrogen Compressors

Others (Purification, Refrigeration, Heat Pumps, Activators, Isotope Separation)

Key Players in the Metal Hydride Market

Several major players are influencing the development of the Metal Hydride Market, including:

Merck KGaA

Albemarle Corporation

Ganfeng Alloys Co., Ltd.

Santa Cruz Biotechnology, Inc.

Natrizen Chemicals Pvt. Ltd.

DalChem

Fisher Scientific (Thermo Fisher Scientific)

Triveni Chemicals

Tinchem Enterprises

American Elements

GfE (Advanced Metallurgical Group N.V.)

Conclusion

The Metal Hydride Market is on the verge of substantial growth, driven by technological advancements, increasing demand for clean energy solutions, and significant investments in research and development. As the world continues to transition toward renewable energy, the role of metal hydrides in hydrogen storage, energy efficiency, and electric vehicles will become increasingly vital. Market players who innovate and leverage emerging opportunities in industrial, automotive, and energy storage sectors stand to benefit from this rapidly expanding market.

For further insights into the Metal Hydride Market, please visit Straits Research or contact our team at sales@straitsresearch.com.

About Straits Research Straits Research is a leading market research firm specializing in providing comprehensive, actionable insights across a variety of industries, including chemicals, energy, technology, healthcare, and more. Our reports assist businesses in making informed, data-driven decisions to drive growth and competitive advantage.

[me-amaraja]

[rjzimmerman]

Excerpt from this New York Times story:

California draws more electricity from the sun than any other state. It also has a timing problem: Solar power is plentiful during the day but disappears by evening, just as people get home from work and electricity demand spikes. To fill the gap, power companies typically burn more fossil fuels like natural gas.

That’s now changing. Since 2020, California has installed more giant batteries than anywhere in the world apart from China. They can soak up excess solar power during the day and store it for use when it gets dark.

Those batteries play a pivotal role in California’s electric grid, partially replacing fossil fuels in the evening. Between 7 p.m. and 10 p.m. on April 30, for example, batteries supplied more than one-fifth of California’s electricity and, for a few minutes, pumped out 7,046 megawatts of electricity, akin to the output from seven large nuclear reactors.

Across the country, power companies are increasingly using giant batteries the size of shipping containers to address renewable energy’s biggest weakness: the fact that the wind and sun aren’t always available.

“What’s happening in California is a glimpse of what could happen to other grids in the future,” said Helen Kou, head of U.S. power analysis at BloombergNEF, a research firm. “Batteries are quickly moving from these niche applications to shifting large amounts of renewable energy toward peak demand periods.”

Over the past three years, battery storage capacity on the nation’s grids has grown tenfold, to 16,000 megawatts. This year, it is expected to nearly double again, with the biggest growth in Texas, California and Arizona.

Most grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars. As the electric vehicle industry has expanded over the past decade, battery costs have fallen by 80 percent, making them competitive for large-scale power storage. Government mandates and subsidies have also spurred growth.

As batteries have proliferated, power companies are using them in novel ways, such as handling big swings in electricity generation from solar and wind farms, reducing congestion on transmission lines and helping to prevent blackouts during scorching heat waves.

In California, which has set ambitious goals for fighting climate change, policymakers hope grid batteries can help the state get 100 percent of its electricity from carbon-free sources by 2045. While the state remains heavily dependent on natural gas, a significant contributor to global warming, batteries are starting to eat into the market for fossil fuels. State regulators plan to nearly triple battery capacity by 2035.

[trumonyaluminumlimited]

Battery Liquid Cooling System: The Future of Efficient Thermal Management

Battery liquid cooling systems are cutting-edge thermal management technologies designed to regulate the temperature of battery packs, ensuring they operate within optimal performance and safety ranges. Here’s a brief overview of the technical features and application prospects of these systems:

1. Working Principle of Liquid Cooling Systems

The liquid cooling system circulates a liquid coolant—typically a mixture of water and ethylene glycol—through cooling plates, pipes, and pumps to transfer heat away from the battery cells to a heat exchanger. This process effectively dissipates heat, either directly or indirectly, to maintain the battery’s temperature.

2. Key Advantages

· Efficient Cooling: Liquid cooling significantly reduces temperature variations, making it ideal for high charge/discharge rates and large-scale battery systems.

· Flexible Design: The optimized design framework minimizes uneven temperature distribution, enhancing overall thermal management efficiency.

3. Market Trends

Liquid cooling systems are gaining prominence in sectors like electric vehicles (EVs) and energy storage, particularly for high-energy-density battery applications. The market potential is vast, with continuous innovation from researchers and manufacturers pushing the technology forward.

In conclusion, battery liquid cooling systems play a vital role in the development of the new energy industry. As technology continues to evolve, these systems will expand into even more applications, improving efficiency and performance across various sectors.

[industrynewsupdates]

Europe Wearable Medical Devices Market Key Players, Revenue And Growth Rate

The Europe wearable medical devices market was estimated at USD 10.1 billion in 2023 and is expected to grow at a CAGR of 25.9% from 2024 to 2030. The surging demand for home care devices, central data management systems, and efficient wearable medical devices is expected to propel the market growth in the coming years. As consumers are growing more conscious about their health, there is a major increase in interest in keeping close tabs on their habits through remote patient monitoring systems. There is an increase in health quantification through mobile apps and a major concentration on healthy lifestyle orientation.

Several companies are launching remote patient monitoring devices and home healthcare products. This includes wearable medical devices that can navigate blood oxygen and respiration levels, heat and pulse rates, heat flux, galvanic skin responses, and skin temperature.

In 2023, the Europe region accounted for approximately 29.9% revenue share of the global wearable medical devices market. A major factor driving the market growth in Europe is the ongoing technological developments, the rising number of obese patients, increasing geriatric population, and rising healthcare expenditures. These have made companies launch health-related smart devices and apps, such as smart body analyzers and blood pressure monitors. These newly launched products designed with aesthetic appeal are likely to spur the rapid growth of wearable medical devices in Europe.

Gather more insights about the market drivers, restrains and growth of the Europe Wearable Medical Devices Market

Key Europe Wearable Medical Devices Company Insights

Companies are launching products designed to meet diverse consumer demands. Several leaders are dominating the market in different categories and are advancing with a wide range of products, including wearable medical devices such as monitors, telemetry systems, blood glucose monitoring systems, oximeters, fetal monitors, and others.

Recent Developments

• In December 2022, WISE received US Food and Drug Administration (FDA) approval for the WISE Cortical Strip. This is a single-use neuromonitoring device, developed using supersonic technology, that can be used for intraoperative monitoring and recording and as stimulation equipment to record the brain’s spontaneous electrical activity (ECoG) and somatosensory evoked potentials (SEPs).

Europe Wearable Medical Devices Market Report Segmentation

This report forecasts revenue growth at 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 study, Grand View Research has segmented the Europe wearable medical devices market report based on product, site, application, distribution channel, grade type, and country:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Diagnostic Devices

o Vital Sign Monitoring Devices

o Heart Rate Monitors

o Activity Monitors

o Electrocardiographs

o Pulse Oximeters

o Spirometers

o Blood Pressure Monitors

o Others

o Sleep Monitoring Devices

o Sleep trackers

o Wrist Actigraphs

o Polysomnographs

o Others

o Electrocardiographs Fetal And Obstetric Devices

o Neuromonitoring Devices

o Electroencephalographs

o Electromyographs

o Others

• Therapeutic Devices

o Pain Management Devices

o Neurostimulation Devices

o Others

o Insulin/Glucose Monitoring Devices

o Insulin Pumps

o Others

o Rehabilitation Devices

o Accelerometers

o Sensing Devices

o Ultrasound Platform

o Others

o Respiratory Therapy Devices

o Ventilators

o Positive Airway Pressure (PAP) Devices

o Portable Oxygen Concentrators

o Others

Site Outlook (Revenue, USD Billion, 2018 - 2030)

• Handheld

• Headband

• Strap/Clip/Bracelet

• Shoe Sensors

• Others

Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Sports & Fitness

• Remote Patient Monitoring

• Home Healthcare

Grade Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Consumer-Grade Wearable Medical Devices

• Clinical Wearable Medical Devices

Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Pharmacies

• Online Channel

• Hypermarkets

Country Outlook (Revenue, USD Billion, 2018 - 2030)

• Germany

• France

• Italy

• Spain

• Netherlands

• Russia

• Sweden

• UK

Order a free sample PDF of the Europe Wearable Medical Devices Market Intelligence Study, published by Grand View Research.

[poojagblog-blog]

The global Heat Pump Market is expected to reach USD 157.8 billion by 2029 from USD 90.1 billion in 2024 at a CAGR of 11.8% during the forecast period. The heat pump market in the US witnessed substantial growth owing to the growing adoption of energy-efficient systems, favorable governmental incentives for renewable energy adoption, and the need to reduce carbon emissions. As such, heat pumps are a key enabler of the transition to sustainable energy solutions, offering a scalable and efficient alternative to near-term residential, commercial, and industrial space heating and cooling.