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U.S. Virtual Visits Market Size Estimation, Industry Demand, Growth Trend, Chain Structure, Supply and Demand Forecast 2021-2027

The U.S. virtual visits market size is expected to reach USD 73.9 billion by 2027, expanding at a CAGR of 27.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing adoption of telehealth/virtual visits and introduction of advanced audio-video technologies is positively impacting the growth of the market. Furthermore, increasing usage of smartphones and rising adoption of 4G/5G technology is further bolstering revenue growth over the forecast period.

Based on service type, the cold and flu management segment dominated the market in 2019. Factors contributing to the increase in demand for virtual clinic visits are the growing adoption of on-demand virtual care by patients having common conditions such as cold and influenza, reducing the chance of catching illnesses, and improved access to specialists. In addition, rising focus on avoiding the spread of infections that can occur in the waiting rooms of hospitals and other healthcare facilities is further propelling the market growth.

In 2019, based on commercial plan type, the self-funded/ASO group plans segment accounted for the highest revenue share of 33.3% in 2019. This growth is attributed to the encouragement provided by ASO groups towards adopting non-physical visits as a part of their coverage to avoid non-emergency appointments to hospitals and medical facilities during a public health emergency. In addition, increasing numbers of COVID-19 cases are resulting in employers shifting toward self-coverage and implementing company benefits plans that offer price shopping as well as a selection of low-cost healthcare services for employees to curb the skyrocketing cost of healthcare, is further fueling the growth.

Based on the age group, the age 18-34 segment dominated the market in 2019. This growth can be attributed to the increasing adoption of smartphones by consumers along with the growing demand to access healthcare as per their terms. Based on gender, the women segment dominated the market with a revenue share of 66.0% in 2019 owing to the increasing adoption of technologically advanced and non-physical visit solutions among women due to a shortage of physicians. In addition, increasing demand for consultation and support in different areas including reproductive guidance, pre- and post-natal care is driving the segment growth.

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U.S. Virtual Visits Market Report Highlights

• Increasing adoption of telehealth/virtual visits and the introduction of advanced audio-video technologies is driving the market

• The cold and flu management segment dominated the market in 2019 owing to the growing adoption of on-demand virtual care by patients to majorly treat common conditions such as cold and influenza and reducing the chance of catching illnesses

• The self-funded/ASO group plans segment dominated the market in 2019 owing to the encouragement provided by ASO groups towards adopting virtual visits as a part of their coverage to avoid non-emergency visits to hospitals and medical facilities during this public health emergency

• The age 18-34 segment dominated the market with a revenue share of 33.0% in 2019, owing to increasing adoption of smartphones by consumers along with growing demand to access healthcare as per their terms

• The women segment dominated the market with a revenue share of 66.0% in 2019, owing to increasing adoption of virtual visit solutions among women due to shortage of physicians and increasing demand for consultation and support in different areas including reproductive guidance and pre- and post-natal care.

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U.S. Hospice Market Size, Current and Future Trends, Industry Growth and Forecast to 2026

The U.S. hospice marketsize is expected to reach USD 63.7 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.0% over the forecast period. Rising healthcare expenditure, awareness about the benefits of the hospices, and favorable reimbursements are some of the major growth drivers. According to the U.S. Centers for Medicare & Medicaid Services, the U.S. healthcare spending increased by 4.6% and reached USD 3.5 trillion in 2017. It is projected to reach USD 6.0 trillion by 2026.

According to the Centers for Disease Control and Prevention (CDC), the number of hospice care agencies in U.S. reached 4,500 by 2018 from 4,300 in 2016. According to the Hospice Demographic and Outcome Measures Report, the percentage of accredited hospices reached 63% in 2017. In addition, a substantial growth in the use of these benefits among the Medicare beneficiaries is anticipated to boost the market growth. According to the National Hospice and Palliative Care Organization, in 2017, USD 18 billion were spent by Medicare on hospice services.

Rising demand for remote patient monitoring coupled with technological advancements, such as tele hospice are anticipated to drive the U.S. hospice market in near future. Approximately 10,000 physicians are required in hospice and palliative care in U.S. Telemedicine technology is an ideal alternative to reduce this gap. Videoconferences with the help of laptops and iPads help physicians to offer optimal support and advice to caregivers or patients doubtful for treatment in emergency cases.

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U.S. Hospice Market Report Highlights

• By location, hospice center segment held the maximum market share in 2018 since it prevents the need for hospitalization and offers a more balanced and controlled care settings

• Home hospice care is anticipated to be the fastest-growing segment during the forecast period due to comfortable environment to the patient, favorable reimbursement, with constant care provided to the patient

• Routine home care segment accounted for the largest market share in 2018 owing to the factors, such as increased medical coverage, low cost of care, along with the access to quality care, companionship, family involvement, and constant attention to the patients

• Dementia segment dominated the U.S. hospice market in 2018 due to high prevalence and need for the care driven by increased mental impairment and dependency

• Few of the key market players include Kindred Healthcare, Inc.; Chemed Corporation; Amedisys, Inc.; LHC Group Inc.; Brookdale Senior Living Solutions; Senior Care Health Rehabilitation; Seasons Hospice & Palliative Care; Crossroads Hospice; AccentCare; and Curo Health Services

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Liquor Confectionery Market Size, Growth And Analysis By Leading Keyplayers

The global liquor confectionery market size is expected to reach USD 784.4 million by 2025, expanding at a CAGR of 5.1% from 2019 to 2025, according to a new report by Grand View Research Inc. High demand for liquor confectionery among people due to increasing awareness about innovative liquor filled confectionery with traditional techniques is expected to drive the market from 2019 to 2025. Europe majorly follows these traditional techniques to enjoy the taste of confectioneries as well as forms of alcohol beverage content.

Chocolates generated a revenue of USD 382.4 million in 2018. Many people still follow the tradition of handmade confectioneries of liquors. Whereas, consumption of liquor confectionery in candies and gums such as jelly belly champagne jelly beans, prosecco gummy bears, wine gums, and salt water taffy rum gums is expected to expand at a CAGR of 4.6% over the forecast period. This growth is attributed to high demand for the infusion of alcohol flavor in it and increasing consumption among people who prefer candies and gums over chocolates. This is expected to remain a key driver for the segment growth over the forecast period. For instance, Kahlua Chocolates manufactures candy beans and gums with different flavors and colors and a feature to freeze these in order to make them last longer.

Supermarkets/hypermarkets held the largest share and generated a revenue of USD 282.6 million in 2018. Ample opportunities to select, presence of guidance, and discounts are the main reasons that have been driving companies to offer their products through this channel. The online mode of distribution channel is anticipated to expand at a CAGR of 5.7% over the forecast period. The Verment country store, Amazon, Alibaba, Indiamart, Candywarehouse, and Wishacupcake are gaining popularity due to availability of choices for the convenience of customers.

Demand for liquor confectioneries has increased due to innovations. Major market players have been significantly contributing into research and development to make these products available according to the taste and preference of the consumers. For instance, Neuhaus manufactures liquor chocolates with five types of liquors included in it such as Glenfiddich whisky, Cointreau, Smirnoff vodka, Pampero rum, and Remy martin cognac.

Europe was the largest regional market in 2018 with a revenue of USD 272.8 million. The region is expected to maintain its lead over the forecast period. Key players in the global market include Abtey Chocolate Factory, Neuhaus, Mars, Brookside, Hershey’s, Ferrero, Mondelez, Toms Gruppen, Liqueur Fills, and Booz Drops.

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Liquor Confectionery Market Report Highlights

• By product, candies and gums are expected to register a CAGR of 4.6% from 2019 to 2025

• By distribution channel, supermarkets/hypermarkets dominated the global market with a share of 52.9% in 2018

• Europe dominated the market in 2018 with a revenue of USD 272.8 million in 2018. This trend is projected to continue over the next few years

• Asia Pacific is likely to witness significant demand due to increase in awareness and adaptability to innovative products in chocolates and candies consisting liquor for the little intake of alcohol

• The liquor confectionery market is highly competitive in nature with the main players including Ferrero,Toms Gruppen, and Neuhaus

• Various manufacturers are concentrating on new product launches, capacity expansion, to estimate existing and future demand patterns from upcoming product segments.

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Automotive Steel Market 2019: Industry Overview, Trends, Growth and Forecast 2025

The global automotive steel market is expected to reach USD 130.07 billion by 2025, according to a new report by Grand View Research, Inc. is expected to witness a CAGR of 3.2% over the forecast period. Growing automotive production in Asia Pacific countries is likely to drive the market.

Expansion of production facilities coupled with growing demand in the Asia Pacific are the key factors in the growth of regional automobile sector. In 2018, automotive production in countries including Thailand, Malaysia, Indonesia, and India has observed a significant growth in the production of vehicles.

Growing demand for electric vehicles is another factor which is projected to create a positive impact on the demand for steel products. As per the International Energy Agency, over 1 million cars were sold in 2017 in the global market while China accounted for more than 50% sales. European countries including Norway, Iceland, and Sweden accounted for the highest market share for electric vehicles sales in 2017.

Europe is among the world’s largest producers of vehicles; the automotive industry in Europe accounts for 6.8% of its GDP. Automotive sector is the largest private investor in automotive research & development (R&D) with the support of the European Commission. Reduced CO2 emission and improved fuel economy are the key factors leading to the development of lightweight chassis components in the region.

China is the largest producer of vehicles worldwide. Passenger vehicles segment is anticipated to witness lucrative growth in terms of sales over the coming years. Attracted by the significant development of small and microcar segments, various global brands are involved in the expansion of their product lines in these segments.

Leading steel companies are heavily focused on the development of new grades of advanced high-strength steel with high strength. This will assist in the manufacturing of lighter and thinner components with safety features. Steel companies have collaborated with research institutes and global universities in order to develop special and advanced grades of steel for automobile use.

Introduction of new emission regulations is anticipated to create a short term impact on the market. For instance, recently in India BS-VI emission norms were introduced. This is likely to cause changes and disruption in the industry for short term period. However, this also brings new opportunities for automotive steel market vendors.

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Automotive Steel Market Report Highlights

• In terms of revenue, body structure held highest market share of 34.0% in 2018. The growth in this segment is attributed to stringent regulations related with safety of vehicles.

• In terms of volume, power train segment is projected to grow at CAGR of 2.6% during forecast period. Reduction in power train weight using light steel materials is anticipated to remain key focus area over the coming years.

• In terms of volume, passenger vehicles accounted for 73.0% of share in 2018. Increasing production of passenger cars supported by growing income levels is projected to contribute to the growth of the automotive steel market.

• Asia Pacific accounted held highest market share in 2018 and likely to maintain its position during forecast period on account of large-scale automotive production in India and China.

• In terms of volume, Europe is projected to grow at a CAGR of 2.2% from 2019 to 2025. Improvement in fuel efficiency and weight reduction in vehicles are projected to remain key growth factors for market vendors.

• ArcelorMittal S.A., Hyundai Steel Co. Ltd., Tata Steel Ltd., Nucor Corporation, Nippon Steel & Sumitomo Metal Corporation and POSCO are some of the leading market participants in the industry. These players are looking for new opportunities through development of innovative alloys and new materials.

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U.S. Peripheral Vascular Devices And Accessories Market | Exclusive Report on the Latest Trends and Opportunities in the Market

The U.S. peripheral vascular devices and accessories market size is expected to reach USD 4.6 billion by 2027, according to a new report by Grand View Research, Inc. The market and is expected to expand at a CAGR of 4.5% from 2020 to 2027. Growing prevalence of venous diseases or Chronic Venous Insufficiency (CVI) is one of the key factors driving the growth of the market. Furthermore, growing geriatric population, and increasing demand for minimally invasive endovascular procedures is further increasing its adoption and bolstering revenue growth over the forecast period.

Based on product type, the peripheral vascular stents segment dominated the market in 2019. Factors contributing to the increase in demand include technological advancements in stent technology and increasing demand for minimally invasive procedures. In addition, the peripheral stent market is majorly driven by a growing patient pool requiring the immediate stent placement, technological innovations in peripheral vascular interventions, and growing number of government initiatives. These factors are further propelling the overall growth.

In 2019, based on the guidewire coating, the hydrophilic guidewire coating segment accounted for the largest revenue share. This growth is attributed to easy accessibility and more slippery nature when combined with water. Furthermore, factors such as reduction in friction and increase in trackability are expected to propel the growth of the market during the forecast period. In addition, this segment is expected to witness the highest CAGR owing to benefits such as tackling tortuous lesions and help in finding microchannels in occlusions. Moreover, increasing innovations and advancements by various players are expected to increase the adoption of guidewires with a hydrophilic coating. For instance, NaviPro guidewire, provided by Boston Scientific, is 100 percent hydrophilic guidewire useful for smooth passage through tortuous lesions or anatomy. Therefore, the advantages provided by hydrophilic guidewires and increasing number of innovative guidewires with hydrophilic coating are expected to promote growth over the forecast period.

Based on guidewire tip weight wire, extra support tip guidewires dominated the market with a revenue share of 41.1% in 2019. Torque movement, fine control, and support provided for treatment of complex and diffuse lesions are some of the key factors fueling market growth. In addition, these types of guidewires are also beneficial in providing support to the delivery of bulky devices. Furthermore, this segment is also expected to exhibit lucrative growth over the forecast period due to its use in the treatment and diagnosis of chronic occlusions, distal lesions, and tortuous anatomies. Hence, enhancement in steerability and flexibility of the guidewire due to higher tip load, availability of hydrophilic and hydrophobic variants and power of tackling complex lesions are some of the advantages boosting the adoption of extra support tip guidewires.

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U.S. Peripheral Vascular Devices And Accessories Market Report Highlights

• The market size is expected to reach USD 4.6 billion by 2027 owing to the growing prevalence of venous diseases or Chronic Venous Insufficiency (CVI), growing geriatric population, and increasing demand for minimally invasive endovascular procedures

• The peripheral vascular stents segment dominated the market in 2019. Factors contributing to the increase in demand include technological advancements in stent technology and increasing demand for minimally invasive procedures

• Based on guidewire coating, the hydrophilic guidewire coating segment accounted for the highest revenue share in 2019. This growth is attributed to easy accessibility and more slippery nature when combined with water

• Based on guidewire tip weight wire, extra support tip guidewires dominated the market with a revenue share of 41.1% in 2019. Torque movement, fine control, and support provided for treatment of complex and diffuse lesions are some of the key factors fueling segment growth

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Asia Pacific Smart Retail Market In-depth Analysis by Statistics & Outlook 2027

The Asia Pacific smart retail market size is estimated to reach USD 24.27 billion by 2027, expanding at a CAGR of 26.4% over the forecast period, according to a study conducted by Grand View Research, Inc. The growing need for better shopping experience and customer service and the increasing adoption of smartphones are anticipated to be the key factors driving the market. Additionally, increasing adoption of the latest technologies, such as Virtual Reality (VR), Augmented Reality (AR), Internet of Things (IoT), and Artificial Intelligence (AI) to enhance in-store shopping experience also supports the Asia Pacific smart retail market growth.

Currently, in the retail industry, conventional brick-and-mortar stores are facing extreme competition from swiftly expanding the e-commerce sector. Thus, traditional retailers need to integrate smart retail technologies in stores to maintain their customer base and to enhance the shopping experience. Retailers are aggressively adopting solutions based on the latest technologies, such as AR, IoT, VR, NFC, and RFID, as part of the efforts to cater to the changing consumer needs and offer highly efficient customer service.

Besides, investment in the retail industry has been growing significantly over the past few years in line with continued advancements in the latest technologies. Moreover, retail chains are investing expressively in emerging economies, such as China and India, to expand their presence in Asia Pacific. For instance, in November 2018, Walmart Investments Cooperative U.A invested USD 37.7 million in Wal-Mart India Pvt. Ltd. to expand presence in the Indian market. Thus, increasing investment in the retail industry is anticipated to create substantial growth opportunities for the smart retail service providers.

Asia Pacific is projected to emerge as the fastest-growing region across the globe, owing to an increase in the deployment of smart retail solutions across supermarkets and brick-and-mortar stores. In the top 250 retail companies, more than 60 companies have a presence in the region. The market in India is estimated to expand at the highest CAGR over the forecast period. The global retailers contemplating an international venture are particularly considering India as a lucrative market owing to the country’s strong demographic profile and economic growth. The tier-2 and tier-3 cities in India and the untapped rural sector are particularly providing ample growth opportunities for the retail industry.

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Asia Pacific Smart Retail Market Report Highlights

• The hardware segment held a dominant market share of 69.6% in 2019, owing to the growing demand for Bluetooth beacon, RFID, AR and VR devices, and POS terminals to provide a seamless in-store shopping experience to customers

• The others (robotics and analytics) segment is estimated to register the highest CAGR of 27.6% from 2020 to 2027 owing to the increasing adoption of analytical solutions by retailers to improve business operations and to understands consumer needs

• The market in India is estimated to expand at the highest CAGR of 28.6% over the forecast period, owing to the increasing technological advancement, coupled with the growing offline and online retail industry in the country

• The key Asia Pacific smart retail market competitors include Honeywell International, Inc.; Cisco Systems, Inc.; IBM; and Ingenico Group

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Anti-corrosion Coatings Market Demand, Growth, Revenue Analysis and Trends, Report Forecast by 2027

The global anti-corrosion coatings market size is anticipated to reach USD 38.6 billion by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.6% over the forecast period. Rising demand for anti-corrosion coatings in industries, such as oil & gas, building & construction, and marine, is expected to drive the market over the forecast period. The primary purpose of the anti-corrosion coating is to protect the metal substrates from environmental exposures, such as humidity, moisture, and oxidation.

These coatings act as a barrier to prevent the interaction between the corrosive materials, compounds, chemicals from the metal surfaces. In addition, these coatings enhance the surface finish of the metallic components. The rising demand for sustainable and durable metallic products, especially in the oil & gas and building & construction industries, is expected to drive the product demand over the forecast period. The Asia Pacific is anticipated to be the largest regional market over the forecast period.

This is owing to various factors, such as government initiatives like Make in India, construction of a silk route project connecting Xian, China to Trieste, Italy through both road and marine transportation. In addition, various companies in clean energy production and aerospace are planning to establish manufacturing facilities in India post COVID-19 pandemic, which will support market growth. With the rising number of building & construction projects in North America, particularly in the U.S., demand for electric automotive, and R&D investments for developing advanced, environmentally-friendly anti-corrosion coatings will boost the market growth in North America.

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Anti-corrosion Coatings Market Report Highlights

• The global market was valued at USD 27.2 million in 2019 and is estimated to register a CAGR of 4.6% from 2020 to 2027

• The marine application segment is expected to witness the fastest CAGR of 5.3% over the forecast period in terms of revenue

• The high CAGR is attributed to the rising spending on navy defense infrastructure across developed and developing countries and rising cross border trade through marine transportation

• The oil & gas application segment accounted for the largest share of over 36% in 2019 and will retain the dominant position throughout the forecast years

• This is credited to rising product demand in the oil & gas sector due to the presence of Sulphur in the crude oil, which causes corrosion in pipelines, vessels, and containers

• The Asia Pacific accounted for the maximum market share of over 36% in 2019. India, in particular, is estimated to witness the fastest CAGR 5.8% from 2020 to 2027

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Air-dried Food Market Report 2020-2027: Industry Analysis, Share, Size, Growth, Trends and Forecast

The global air-dried food market size is expected to reach USD 165.34 billion by 2027, expanding at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Shifting consumer preference for healthy and convenient diet is expected to expand the scope of air-dried food in the years to come. Additionally, technological advancement in air-drying process has paved the way for the food and beverage industry participants to launch convenience products, which retain the nutritional value for longer time, along with addressing the buyers’ convenience.

Coffee beans led the market with over 30% share of the total revenue in 2019. Increased popularity of instant coffee or coffee powder is boosting the segment growth. The fruits and vegetables segment is projected to witness the fastest growth in the upcoming years. These air-dried food products are gaining traction among the health-conscious consumers due to their nutritional value. Furthermore, it has become a convenient meal for outdoor activities, such as camping and hiking, owing to its long shelf life and lightweight.

In terms of application, the commercial segment dominated the market in 2019 owing to widespread usage of the product in the bakery and confectionary industry, hotels and restaurants, instant meal industry, and pet industries. The household application segment is anticipated to witness the fastest growth over the forecast period. Changing consumption pattern, rapid urbanization, and expansion of e-commerce will boost the demand for the product in the household segment.

Air-dried chunks/pieces are projected to expand at the fastest CAGR of 7.8% from 2020 to 2027. Growing utilization of these forms in several products, such as snacks, ready-to-eat kits, cakes, and pastries, is fueling the growth of the chunks/pieces form in the industry.

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Air-dried Food Market Report Highlights

• In terms of product, coffee beans dominated the market in 2019 with over 30% share of the global revenue owing to extensive application scope in the household and commercial segments of the food and beverage industry

• The household application segment is expected to expand at the fastest CAGR of 7.5% from 2020 to 2027. Shifting preferences among millennials to cook food at home as a result of increased number of recipe videos posted on social media and satellite television channels is expected to prompt the demand for air-dried product forms as convenient options

• Asia Pacific is expected to register the fastest CAGR of 8.0% from 2020 to 2027 owing to rising demand for ready-to-eat and make-ahead meals among the working class population groups in countries, including China and India

• Major players in the market include Dehydrates Inc.; Saraf Foods Pvt. Ltd.; Berrifine A/S; La Frubense; BCFoods, Inc.; Nestle S.A.; B-B Products (Australia) Pty Ltd; DMH Ingredients, Inc.; and HOWENIA ENTERPRISE CO., LTD.

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Aerial Work Platform Market Development Trends, and Key Manufacturers by 2027

The global aerial work platform market size is anticipated to reach USD 16.76 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% from 2020 to 2027. Increasing government investment in the private sector, along with rapid infrastructure development in Asia Pacific, is anticipated to surge market growth over the forecast period.

Implementation of stringent worker safety regulations worldwide, rising adoption of advanced lifting technologies, and a growing number of rental AWP companies in China in the last three years, coupled with a rise in construction spending in the ASEAN region, are expected to create opportunities for AWP manufacturers over the next seven years.

Aerial work platforms are highly used in the maintenance and construction of mining infrastructure, including processing facilities, overhead conveyors, and other facilities in and around the mine site. Robust demand for new infrastructure investment in the metals and mining sector is expected to create opportunities for AWP manufacturers over the forecast period.

According to Eurostat, EU construction output growth is anticipated to see a contraction of 11.5% in 2020, followed by a rebound of 6% in 2021, on account of the ongoing coronavirus pandemic. In addition, no increase in spending on commercial facilities, along with reduced government spending and economic uncertainty, is expected to restrict market growth over the forecast period.

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Aerial Work Platform Market Report Highlights

• Asia Pacific is expected to expand at the fastest CAGR of 7.6% from 2020 to 2027 owing to an increase in construction activities in the ASEAN region, along with rising demand for access equipment in the Indian steel industry

• By engine type, the engine-powered aerial work platform segment is expected to witness the fastest growth from 2020 to 2027 owing to increasing demand for diesel boom lifts for heavy-duty outdoor work and rough terrain surfaces

• By product type, boom lifts are anticipated to maintain their lead over the forecast period as they are versatile machines that could be used from utilities and construction to storage and shipping industries

• The electric engine type segment held the largest share of 62.4% in 2019 owing to rising demand for maintenance and repair services in the residential construction sector

• The construction end-use industry is expected to maintain its lead over the forecast period on account of increasing investments in new infrastructure, along with reforms to encourage Public Private Relationships (PPPs) in the Asia Pacific region.

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U.S. Lead Acid Battery Market 2019 | Dimension, Progress, Desire, Prospects & Forecast To 2025

The U.S. lead acid battery market size is expected to reach USD 14.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.3% CAGR over the forecast period. Growing demand for uninterruptible power supply or uninterruptible power source (UPS) systems in sectors such as oil and gas, healthcare, and chemical will drive market demand.

Robust manufacturing base and rapid growth of the automotive industry in the U.S. will augment demand for vehicle production and this will drive the demand for lead acid battery over the upcoming years. Hybrid and electric vehicles will witness growth on account of ongoing trend of substituting fuel with electric batteries. In addition, the government’s stringent regulations on emission norms in order to safeguard the environment and reduce degradation-based options are expected to play a critical role in shaping the overall battery market.

Lead acid battery manufacturing has witnessed significant technology upgradations during the past few years. These trends have resulted in substantial reduction in manufacturing cost of lead acid batteries. Carbon black additives are used in lead acid and expanders as they aid in high power delivery and energy density. Moreover, these additives enable battery developers to extract high efficiency and enhance the life cycle of batteries.

The UPS market is expected to witness substantial growth over the next few years, which can be attributed to growing demand for high power range systems. Increasing trend toward the adoption of UPS systems as an essential power-back up device is expected to favorably impact product demand over the forecast period.

Industrial power, including chemical, shipping, metal, and mining, is the most significant application for lead acid batteries, owing to rapid industrialization in the country. Large manufacturing base of chemical companies, along with presence of multinationals like Bayer, BASF, Dow Chemical, and AkzoNobel, will increase industry penetration over the forecast period.

Moreover, presence of large steel manufacturers such as Hebei Iron & Steel Group, Baosteel Group Corp, WISCO, Jiangsu Shagang Group, Shougang Group, Anshan Iron & Steel Group, Shandong Iron & Steel Group, Maanshan Iron & Steel Co., Bohai Iron & Steel Group, and Valin Group will aid market penetration.

Various companies use these batteries on account of their low cost, high overcharge tolerance, high discharge rates, and low self-discharge. Leading end users include BMW, Toyota, Renault, Daimler, Tesla Motors, Hyundai, GM, Riello UPS, and EAPRO Global Limited. Lead acid batteries can undergo smelting process in order to be recycled and reused.

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U.S. Lead Acid Battery Market Report Highlights

• U.S. lead acid battery market was valued at over USD 9.9 billion in 2018, registering a CARG of 5.3% over the projected period

• Lead acid battery is 99% recyclable and is required to meet the Hazardous Waste Recycling Regulations by the U.S. EPA. Carbon black additives improve mechanical properties and have excellent dispersion in both solvent and aqueous slurries. Carbon black additives are used in positive and negative electrode to increase the electrode’s electrical conductivity

• In 2018, the U.S. exported 1.8 million lightweight vehicles and 131.2 thousand medium and heavy trucks to various countries globally, creating demand for automotive production, thus propelling the utilization of lead acid batteries

• Starting, Lighting and Ignition (SLI) was the largest product segment in 2018 and accounted for 50.2% of the market revenue in 2018

• Based on construction, the flooded lead acid battery segment was the largest in 2018 and accounted for just under 60.0% of the market revenue

• Some of the significant industry participants are EnerSys, C&D Technologies, East Penn Manufacturing, Crown Battery, NorthStar, Johnson Controls, B.B. Battery, Panasonic Corporation, Exide Technologies, and CSB Battery Co., Ltd. (Acquired by Hitachi Chemical Co., Ltd.).

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U.S. Aromatherapy Market Revenue, Share, Growth, Trends Analysis By 2025

The U.S. aromatherapy market size is anticipated to reach USD 928.32 million by 2026, according to a new report by Grand View Research, Inc, exhibiting a 9.1% CAGR over the forecast period. Various therapeutic benefits of essential oils can be attributed to high market growth.

There has been a significant rise in self-medication for pain or common illnesses, especially common cold. Essential oils have the potential to naturally treat these conditions. Numerous adverse effects of pharmaceuticals are encouraging user to switch to natural essential oils. For instance, rosemary oil can alleviate symptoms of both cold & cough and headache when inhaled, or can be topically used in skin & hair care. North American Free Trade Area (NAFTA) accounts for a significant portion of essential oils trading, leveraging the growing awareness about aromatherapy in the U.S. and other developed countries. High purchasing power is also a significant factor driving the market. However, various adverse effects associated with aromatherapy are expected to restrain the market.

Majority of the key companies manufacturing aromatherapy products are located in the U.S. Companies such as doTERRA International; Frontier Natural Products Co-op; and Young Living Essential Oils are all based in the U.S. For instance, Aura Cacia Roman Chamomile Essential Oil, a single essential oil developed by Frontier Natural Products Co-op, helps in pain management and provides relaxation.

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U.S. Aromatherapy Market Report Highlights

• In 2018, consumables dominated the market owing to availability of various therapeutic-grade essential oils

• The equipment segment is anticipated to show lucrative growth over the forecast period due to high demand for different diffusers with innovative features

• Topical application held the largest U.S. aromatherapy market share in 2018, owing to therapeutic benefits such as relief from skin & hair problems, acute pain, or discomfort; healing cuts & bruises; and improving respiratory, immune, & nervous system

• Essential oils commonly used for stress relief include lavender, geranium, orange, tangerine, ylang, patchouli, and clary sage

• Skin allergies can be effectively cured with aromatherapy, which has led to significant growth of this segment

• Growth of the ecommerce industry has positively affected market growth, by facilitating consumers to purchase products at their convenience

• Increase in adoption of essential oils for treatment of insomnia and anxiety also propels this segment’s growth

• Large number of hospitals and clinics are using essential oils to aid in postoperative healing

• Some key players include Rocky Mountain Oils, doTERRA International, Young Living Essential Oils, Edens Garden, and Frontier Natural Products Co-op

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Ready To Drink Premixes Market 2019 Brief Analysis By Trends, Growth And Future Estimations Till 2025

The global ready to drink premixes market size is expected to reach USD 25.96 billion by 2025registering a CAGR of 4.5%,according to a new report by Grand View Research, Inc. Increasing popularity of Ready-To-Drink (RTD) beverages and demand for high-strength premixes across the globe are expected to propel the growth of this market. Moreover, rising popularity of low alcohol content drinks is expected to fuel the RTD/high strength premixes market growth. Rising acceptance of ethnic drinks in developed regions and the advent of alcoholic high-strength premixes with natural and health-promoting ingredients are also anticipated to propel the product demand.

On the other hand, factors, such as religious or cultural beliefs in several countries, heavy taxation and duties, and adverse health effects of alcohol may hinder the market growth. In addition, stringent rules and regulations on the advertising of alcoholic products and growing number of anti-alcohol campaigns are also having a negative impact on the high strength premixes market growth. Retail and specialty stores is anticipated to be the largest and fastest-growing distribution channel segment from 2019 to 2025.

The online distribution channel is also anticipated to experience significant growth over the forecast period owing to increasing popularity of e-commerce platforms and number of smartphone and internet users. North America held the largest share of the global market in 2018 owing to high demand for RTD beverages in U.S and Canada as a result of increased popularity of flavored alcoholic drinks. Europe is projected to witness a considerable growth over the next few years owing to the rising product demand as a result of changing lifestyles and increasing alcohol consumption.

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Ready To Drink Premixes Market Report Highlights

• The RTDs type segment is expected to witness the fastest CAGR over the forecast period

• It is also projected to be the largest segment owing to rising demand for alcoholic beverages across the globe

• North America region led the global market in 2018 and is projected to expand further at a relatively high CAGR from 2019 to 2025

• Key companies in the ready to drink premixes market are Suntory Holdings, Mark Anthony Brands, Brown Forman Corp., Bacardi and Co. Ltd., Halewood International, Diageo Plc, and Asahi Group Holdings Ltd.

• Companies are focusing on new product development and product portfolio and capacity extension to gain a greater market share

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North America Heating Equipment Market: Size, Share, Trends, Growth Analysis, And Forecast 2019-2025

The North America heating equipment market size is expected to reach USD 10.81 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.6% over the forecast period. The increasing number of construction projects coupled with promising repair and replacement activities is the vital factor driving market growth.

Rising income along with low-interest rates in North American countries has resulted in companies having more cash on hand. This allows them to upgrade their expensive equipment in stores, production facilities, and offices. A lower rate of interest is expected to be a significant factor for the growth in demand for heating equipment in North America as companies can invest effortlessly in the otherwise costly equipment upgrade.

Increasing energy consumption, as well as strict environmental regulations, have influenced the demand for certified energy-efficient products. Also, rising energy bills have led many commercial and industrial organizations to switch to effective as well as efficient heating equipment at their sites.

Installing an energy-efficient heating system qualifies the buyer for several tax credits. Tax rebates are also offered for using renewable systems such as geothermal heat pumps. In the U.S., residential buyers can be eligible for residential property credit, allowing them a concession of 10% on the cost of installation, professional preparation, and labor. Such financial support and tax rebates are expected to fuel the demand for energy-efficient heating equipment in North America over the forecast period.

The market is highly competitive owing to the lack of product differentiation and several other factors such as technology, price, geographic presence, product performance, and customer service. However, the development of innovative and new products is projected to bolster the market expansion over the forecast period.

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North America Heating Equipment Market Report Highlights

• Demand from residential application segment is estimated to reach approximately USD 2 billion by 2025 expanding at a CAGR of 5.3% from 2018 to 2025

• Industrial application segment led the North America heating equipment market with a market share of over 57.36% in 2017

• Heat pumps are anticipated to witness a significant CAGR of 5.7% over the next 8 years, owing to the sturdy market for new housing, cold climatic conditions, and large replacement market

• Some of the key companies present in the market are United Technologies; Whirlpool Corporation; Johnson Controls; Honeywell International Inc.; Nortek Holdings; and Daikin Industries Ltd.

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North America Healthy Snack Chips Market Emerging Trend, Advancement, Growth And Business Opportunities 2019 to 2025

The North America healthy snack chips market size is expected to reach USD 12.9 billion by 2026registering a CAGR of 4.5%,according to a new report by Grand View Research, Inc. Increased demand for potato, tapioca, and popcorn chips is the key factor driving the industry growth. Increased disposable income levels, particularly in the emerging regions, is also likely to contribute to the market growth in the coming years. The need for on-the-go snacks is further expected to be driven by increasing spending capability of customers over the forecast period. In addition, hectic lifestyle and work schedules is further expected to boost market growth.

Potato and tortilla chips product segment held the maximum market shares in 2018 on account of changing lifestyle, growing disposable income levels, increased affordability of these products, and increasing demand for convenient and Ready-to-Eat (RTE) products. Factors, such as introduction of various flavors including barbeque, sea salt, salt & pepper, cheese, and dill pickle, are further expected to drive the product demand over the forecast years. Consumers in North America seek high-quality products; thus, the demand for healthy snack chips in countries, such as U.S., Canada, and Mexico, is likely to gain momentum as these chips contain less salt and cholesterol and have no sugar.

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North America Healthy Snack Chips Market Report Highlights

• In terms of revenue, potato chips product segment is projected to ascend at the highest CAGR of 5.4% over the forecast period

• Tortilla chips segment led the North America healthy snack chips market in 2018 and accounted for a revenue share of over 54.5%

• The segment will expand further on account of growing consumption of organic and non- Genetically Modified Organism (GMO)-based tortilla chips in Canada, U.S., and Mexico

• Popcorn chips segment also accounted for a significant market share and is projected to be the second fastest-growing segment from 2019 to 2026

• In terms of countries, Mexico is projected to witness the fastest CAGR due to high demand for premium-quality food products as a result of rising population and disposable income levels along with rapid urbanization

• Key companies in the market include Frito-Lay North America, Inc.; General Mills, Inc.; Herr's Food, Inc.; Snyder's-Lance, Inc.; and BFY Brands

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U.S. Disposable Face Mask Market Trends, Strategies, And Opportunities In The Industry 2019-2025

The U.S. disposable face mask market size is anticipated to reach USD 6.21 billion by 2027, expanding at a CAGR of 60.8% over the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to the rapidly surging number of Covid-19 (coronavirus) cases in the country.

The widespread impact of the novel coronavirus in U.S. has been driving the demand for disposable face masks. According to the Centers for Disease Control and Prevention (CDC), the total number of cases in U.S has reached more than 1.48 million as of May 18, 2020. Many of the small and medium manufacture have also entered in the market to cater to the rapid surge in demand for the product.

Additionally, increasing government spending coupled with ease in the documentation pertaining to manufacturing face mask with immediate effect will immensely help the market growth. For instance, the U.S. government signed an USD 8.3 million emergency spending bill aimed to boost virus-prevention efforts in the country. Furthermore, the enforcement of the Defense Production Act, in order to increase domestic production and distribution of PPEs, is expected to further augment the industry growth over the coming months.

The protective masks segment emerged as the largest product segment and accounted for over 35.0% revenue share in 2019. Protective masks are specially designed to offer the wearer a physical barrier between their mouth and nose, restricting potential contaminants in the environment from entering the body. The mouth and nose are two of the most vulnerable entry points for foreign particles; thus, the demand for these masks has been high in the industrial and medical sectors.

Among applications, the industrial application segment dominated the market for disposable face masks in U.S., with a share of nearly 80% in 2019. The increasing demand for the product in industries such as automotive, construction, and beauty and personal care can be regarded as a major factor driving the product demand in the industrial application segment. The personal use segment, however, is expected to expand at nearly double the CAGR of 85.1% during the forecast period.

The industry is currently characterized by supply shortages, manufacturers ramping up production capacities, and suppliers raising the price of disposable face masks. The hike in prices can be attributed to the rapid surge in demand. For instance, Hatfield and Company, a Texas-based supplier of N95 disposable face masks, has increased the price of its face masks from USD 1 to USD 6. The company sold about 2 million masks to a major U.S. oil company in the early week of March 2020.

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U.S. Disposable Face Mask Market Report Highlights

• In terms of product, the U.S. non-woven masks segment is expected to hold nearly 38% revenueshare by 2027

• The personal use application segment is expected to expand at a CAGR of 85.1% during the forecast period, far outpacing the growth of the industrial segment, to reach a market size of over USD 4 billion by 2027

• In April 2020, 3M, Honeywell International, and a unit of Owens & Minor Inc. received contracts from the U.S. Department of Defense to make 39 million N95 face mask for medical workers. Under the terms of this contract, 3M would receive USD 76 million

• In April 2020, 3M received a contract from the Donald Trump Government to import more than 165 million N95 face masks from its manufacturing unit in China for healthcare workers in U.S over the course of three months

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Smart Helmet Market Analysis Reveals Key Drivers, Top Vendors Profile, Industry Size And Growth Trends through 2025

The global smart helmet market size is expected to reach USD 1.20 billion by 2025, expanding at a CAGR of 18.6% from 2019 to 2025, according to a new study by Grand View Research, Inc. Rising popularity of the product in various applications such as riding, adventure sports, manufacturing, and construction is projected to drive the growth.

These protective headgears provide users with enhanced safety, security, and comfort. The growing adoption of smart wearable technology, stringent workplace safety and road safety regulations laid down by governments, and increasing awareness for personal health and safety are expected to drive the demand for smart helmets over the forecast period.

Smart helmets consist of multiple sensors that perform functions such as heart rate monitoring, temperature monitoring, and air quality monitoring. The sensors collect data in real time to provide users with detailed information regarding various interactions, navigation, and environmental and health attributes.

Satellite aided navigation is one of the most vital features offered by smart helmets. It enables highly accurate navigation capability by using multiple satellite networks such as Global Navigation Satellite System (GLONASS), Global Positioning System (GPS), Galileo Positioning System, BeiDou Navigation Satellite System, and Indian Regional Navigation Satellite System (IRNSS).

Smart helmets are further capable of providing a wide range of other communication, utility, and safety features using built-in speakers, microphones, rear-facing cameras, cooling fans, solar chargers, and health monitoring sensors. Manufacturers are using materials that are light in weight and high in strength, such as fiberglass reinforced plastic and carbon fiber, for weight reduction and enhanced survivability.

Increasing adoption of next-generation technologies such as Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) is anticipated to drive the development and adoption of smart helmets. Factors such as emerging road safety regulations, development of wireless communication infrastructure, large-scale production of motorcycles, and increasing disposable income are expected to drive the growth of smart helmets industry in emerging countries such as India, Brazil, and China.

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Smart Helmet Market Report Highlights

• Navigation segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing adoption of smart helmets by bike riders for in-country and cross-country navigation

• Full face segment is expected to expand at the highest CAGR of 18.8% over the forecast period. Increased adoption of full face smart helmets by motorcycle and cycle commuters due to superior safety features is expected to drive the growth

• Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to the increasing sales of two-wheelers and rapidly growing industrial and construction projects

• Consumer end use segment is expected to gain traction over the forecast period owing to increasing adoption of smart helmets in developed regions such as North America and Europe. Due to increased road traffic, 2-wheelers are now being favored as the preferred mode of commute, which is expected to act as a major growth driver

• Key players operating in the smart helmets market include Nand Logic Corp.; Lifebeam Technologies Ltd.; Forcite Helmet System Pvt. Ltd.; Fusar Technologies Inc.; 360fly Inc.; Daqri LLC; Jarvish Inc.; Sena Technologies Inc.; Babaali; and Jager HelmX Smart Helmets

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North America Smart Parking System Market Rising Trend, Growing Demand and Business Outlook 2019 to 2025

The North America smart parking system market is expected to reach USD 4,110.8 million by 2025, according to a new report by Grand View Research, Inc. Developing better solutions to avoid congestions and systematic positioning of vehicles across the cities are the key factors driving the market growth in the North America.

The increased use of automobiles and the trend of urbanization are leading to paucity in parking spaces. Technological advancements such as online payments and development of mobile apps for reserving parking slots are instrumental in driving the implementation of smart parking systems.

Numerous benefits offered by smart parking systems such as reduced congestion and reduced pollution are expected to drive the adoption of smart parking systems in North America. These systems involve usage of real-time data collection, low-cost sensors, and smartphone-enabled automated payment systems, which allow drivers to reserve parking in advance.

In places, such as shopping malls, large commercial hubs, and sports and entertainment hubs, there are a large number of vehicles that need to be positioned appropriately to avoid congestions. In such situations, a smart parking system provides directions and accuracy in terms of parking the vehicles to the drivers. In North America, smart parking systems play a vital role in generating better urban environment by minimizing the carbon emission.

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North America Smart Parking System Market Report Highlights

• The hardware segment dominated the market in 2018 and is estimated to generate a revenue of over USD 2,185.3 million by 2025, as these components are largely deployed in various systems that provide guidance while parking vehicles.

• The signage segment is expected to grow at a CAGR of 16.7% over the forecast period, as signages guide vehicles with proper directions and help avoid confusions, thereby, improving accuracy and reducing mishaps.

• The consulting services segment is expected to grow at a CAGR of 20.1% from 2019 to 2025, as companies outsource the parking planning tasks to consultancy services that provide solutions depending on the requirements.

• Several organizations face the issues regarding parking spaces in urban areas. In order to cater to those problems, companies outsource these tasks to the consultancy services that provide solutions as per their requirements.

• Off-street systems are anticipated to gain traction due to the increasing congestions on streets. The segment is expected to witness considerable growth over the forecast period

• The government application segment for the market is estimated to reach USD 1,651.4 million by 2025 owing to its vast applications in smart city development projects initiated by government

• The key players in the north america smart parking system market are Amano McGann.; Conduent, Inc.; Cisco Systems, Inc.; SKIDATA AG.; Streetline, Inc.; ParkMe, Inc.; and Parkmobile LLC, among others.

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