Discovery of New Reserves to Boost Beryllium Market Demand

26-September-2018: The worldwide beryllium market is anticipated to reach USD 80.7 million by 2025, according to a report by Grand View Research, Inc. Beryllium is a metal consisting of properties such as stability at volatile temperatures, heat absorbing capacity, high melting point, and thermal conductivity. Alloys derived from the metal are gaining prominence in consumer electronics, aerospace and defense, and telecommunications owing to their superior characteristics. Major producers of beryllium are the U.S., Mozambique, Madagascar, and China.

Health and safety (HSE) regulations are mandatorily followed in beryllium mines to prevent chronic beryllium and lung cancer among workers. This is exemplified by guidelines drawn by the Occupational Safety and Health Administration (OSHA), a U.S. agency, to protect workers in construction and shipyards. R&D investments by prominent companies are anticipated to pave open growth opportunities for the metal. In 2015, ArQule Inc. and Beryllium Discovery Corporation announced a joint effort to identify potential of small molecule compounds in combating various tumors.

Positive feasibility studies regarding the extraction of beryllium can extend its area of applications. The Authier Lithium Project, a major mining center located in Canada, is being eyed by Sayona Mining, an Australian company for extraction purposes. Beryllium-based alloys have high demand in the aerospace and defense sector owing to its structural strength. Companies such as IBC Advanced Alloys Corporation and Materion Corporation have been awarded contracts by the defense sector for building components, cementing the status of beryllium as a critical metal.

The beryllium market is expected a steady growth rate from 2014 to 2025 (forecast period) owing to its superior characteristics. Increasing demand for the metal in aerospace and defense sectors is anticipated to spur market growth over the forecast period. Miniaturization of electronic components coupled with high need for low weight materials are likely to contribute to market growth. Key market players include NGK Metals Corporation; Materion Corporation; Ulba Metallurgical Plant; and Texas Mineral Resources Corp. Establishment of numerous distribution channels coupled with a streamlined value chain are strategies being used by players to meet high market demand.

In-Depth Research Report On Beryllium Market:

https://www.grandviewresearch.com/industry-analysis/beryllium-market

Food Service Equipment Plays a Key Role in the Hospitality Sector

The global food service equipment market is expected to reach USD 56.0 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of cost-effective and energy-efficient products to reduce the energy consumption is expected to offer lucrative opportunities to the market over the forecast period.

Food service equipment plays a key role in the hospitality sector. Increasing demand from restaurants, hotels and food chains is contributing to the industry growth. Moreover, regulations and standards set by the food regulatory authorities are enabling manufacturers to develop equipment compliant with these standards.

Increasing sanitation, hygiene and less time-consuming requirements are attributing to the adoption of these equipment among households. Also, the upgraded products not only reduce the energy expenses but also are eco-friendly.

Changing consumer lifestyle and rising disposable income are the major factors driving market growth. The increase in labor cost in developing countries is attracting the demand for washware equipment among households. Changing food habits of the working class population has led to increase in demand for ready to eat and processes food. This has resulted in the expansion of hypermarkets and retail outlets leading to rise in demand for refrigeration and storage equipment.

Moreover, continuous advancements in cooling technologies and increased restriction on the use of CFCs has accentuated the demand for frequent upgradation in products. Increasing awareness to save water and electricity has also contributed to growing demand for low-energy consuming products.

In depth research report on Food Service Equipment Market

http://www.grandviewresearch.com/industry-analysis/food-service-equipment-market

Further key findings from the report suggest:

·       Kitchen service equipment is estimated to reach over 28% by 2024 and growing at a CAGR of over 4.0% from 2016 to 2024. Rising trend of nuclear families is expected to boost the demand for these products. Moreover, the shift from conventional to smart appliances is anticipated to contribute to the segment growth.

·       Refrigeration segment is expected to grow at a CAGR of over 4.2% from 2016 to 2024. This growth can be attributed to continuous improvements in energy consumption standards for these devices and rising need for processed food in developing countries.

·       The North America food service equipment industry is expected to remain the largest market owing to the widespread adoption of technologically advanced devices. The regional industry is projected to account for over 38% by 2024, growing at a CAGR of over 3.5% from 2016 to 2024.

·       Food service equipment vendors are evolving new business models to meet customer demands by offering cost-effective, energy-efficient and technologically advanced products.

·       Key players in the food service equipment market include Ali Group, ITW, Dover Corporation, Middleby Corporation and Manitowoc Company Inc. Competition for food service equipment providers is particularly intense and increasingly focused on pricing.

Grand View Research has segmented the food service equipment market on the basis of equipment:

Food Service Equipment Product Outlook (Revenue, USD Billion, 2013 - 2024)

·       Kitchen purposes

·       Refrigeration

·       Storage

·       Ware washing

·       Food holding and serving

·       Others

Food Service Equipment Washware Equipment Outlook (Revenue, USD Billion, 2013 - 2024)

·       Booster Heaters

·       Dish Washers

·       Disposers

·       Utensil Washer

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/electronic-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

The Fire Safety Equipment That Every Organization Needs

The global fire safety equipment market is expected to reach USD 43.60 billion by 2022, according to a new report by Grand View Research, Inc. Emerging technologies such as wireless sensor networks coupled with stringent safety regulations across the globe resulting in extensive use of advanced devices is expected to play a vital role in augmenting demand over the next seven years.

Stringent enforcement of building and safety codes are expected to increase penetration of these devices in infrastructure and construction segment. Growing adoption of advanced detection technologies and environment-friendly suppression agents is projected to play a vital role in shaping market dynamics.

Growing use of fire safety equipment in critical mass transportation infrastructure such as airports and intelligent transportation systems is expected to open new avenues for industry growth. Radically growing commercial sector, rapid industrialization and growing overall real estate industry in the developing countries is anticipated to fuel the demand.

However, the inconsistent enforcement of these codes is challenging manufacturers across the globe. Additionally, the rising maintenance and replacement services can hinder industry demand.

 In depth research report on Fire Safety Equipment Market

http://www.grandviewresearch.com/industry-analysis/fire-safety-equipment-market

Further key findings from the report suggest:

·       The fire detectors market has significant growth opportunities owing to continuous innovations in smart home automation related applications. The industry is estimated to grow at a CAGR of over 7.5% by 2022. Further, increased adoption of safety standards and norms in industrial sectors such as power, oil & gas and transportation are also anticipated to fuel their demand.

·       The demand for fire suppression equipment across industrial applications is estimated to grow at a CAGR of over 9.0% from 2015 to 2022. Oil & gas is the primary field responsible for the expansion of these devices on a large scale. Rising investment of companies for safeguarding the infrastructure and reducing the loss of property and life across different commercial applications is estimated to further propel demand across the commercial sector.

·       Asia Pacific fire safety equipment market is estimated to grow at a CAGR of over 12.5% from 2015 to 2022. Growing economy combined with expanding construction sector offers a strong platform for investments across the region. Rising number of fire accidents across countries such as China, India are highlighting the need for better safety standards across varied commercial segments. Additionally, growing number of SMEs and enterprises are also anticipated to propel market growth

·       Key industry participants include Honeywell International, Tyco International, Bosch GmbH, Siemens Building Technologies and United Technologies.

Grand View Research has segmented the fire safety equipment market on the basis of solution, product, application and region:

Fire Safety Equipment Solution Outlook (Revenue, USD Million, 2012 - 2022)

·       Fire detection

·       Fire suppression

Fire Detection Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

·       Fire detectors

·       Flame

·       Smoke

·       Heat

·       Fire alarms

Fire Detection Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

·       Commercial

·       Industrial

·       Residential

Fire Suppression Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

·       Fire extinguishers

·       Gas

·       Water

·       Dry chemical powder

o   Others

·       Fire sprinklers

Fire Suppression Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

·       Commercial

·       Industrial

·       Residential

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/sensors-and-controls

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/