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/

Microwave Oven Market Size is Anticipated to Reach USD 12.70 billion by 2022 : Grand View Research, Inc.

The global microwave oven market size is anticipated to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 2.8% during the forecast period. Improving standard of living of consumers, growing number of nuclear families, and increasing demand for frozen and ready-to-eat food are some of the key factors stimulating market growth.

Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. This may be a drawback for the residential appliance market. However, this trend is estimated to boost the culture of quick service restaurants, cafes, and small eateries, which in turn will work in favor of the market.

Robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. In case of the residential application segment, the most significant driver is the changing lifestyles and food consumption preferences of people, with more consumers shifting towards ready-to-eat and frozen food.

Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.

In depth research report on Microwave Oven Market

https://www.grandviewresearch.com/industry-analysis/microwave-oven-market

Further key findings from the report suggest:

·       The convection segment is poised to account for half of the overall market value by 2022

·       The grill microwave oven market is anticipated to be valued at around USD 4.50 billion by 2022

·       In 2016, North America was the leading revenue contributor in the market, with a valuation of around USD 3.5 billion

·       The household application segment accounted for a larger revenue share in 2016 and is likely to expand at a CAGR of around 3.0% over the forecast period

·       The key players in the market include Robert Bosch GmbH, Haier Group Corporation, Hobart, Hamilton Beach, Middleby Corporation Company, Whirlpool Corporation, and Sharp Corporation.

Grand View Research has segmented the global microwave oven market into product, application, structure, and region.

Microwave Oven Product Outlook (Revenue, USD Billion, 2012 - 2022)

·       Convection

·       Grill

·       Solo

Microwave Oven Application Outlook (Revenue, USD Billion, 2012 - 2022)

·       Commercial

·       Household

Microwave Oven Structure Outlook (Revenue, USD Billion, 2012 - 2022)

·       Built-in

·       Counter top

Microwave Oven Regional Outlook (Revenue, USD Billion, 2012 - 2022)

·       North America

·       Europe

·       Asia Pacific

·       Rest of the World (RoW)

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/

Online Content Platforms to Drive Smart TV Sales

The deluge of 3D movies and high-resolution entertainment in the form of sports and travel channels has created the demand for smart TVs. According to a study by Google, interested users relied on brand names and sizes to compare prices of TVs. Most of their searches were conducted from smartphones and desktops. Manufacturers have developed high dynamic range-based TVs for consumers prioritizing on resolution. In addition, major content providers and gaming platforms have adopted the technology, compelling TV manufacturers to integrate it with their latest offerings.

Economical Prices of TVs Take Precedence

Different types of smart TVs based on resolution in the market include 4K UHD TV, HDTV, Full HD TV, and 8K TV. The 4K UHD TV segment is anticipated to exhibit a robust growth rate over the forecast period (from 2018 to 2025) due to declining prices of smart TVs. Adoption of quantum dot technology and nanotechnology by major consumer electronics manufacturers can bolster segment demand. In addition, the advent of smart homes is also expected to play a huge role to spur the segment growth. In February 2018, Xiaomi, one of the biggest TV manufacturers, decided to capitalize on the trend by launching its product (Mi TV 4) for Indian consumers through its flagship stores and ecommerce partners. Low prices of these TV sets are enticing customers in buying them.

Future of Advertising

Online content consumption has gained traction due to the presence and growing popularity of over-the-top (OTT) providers such as Netflix. Smart TV manufacturers have been mulling over the possibility of displaying interest-based advertisements based on viewing history. For instance, Samsung is planning on launching its own content channel in the near future by partnering with OTT providers to offer content in desired resolutions.

Market Overview

The global smart TV market is expected to reach at USD 292.55 billion by 2025 growing at a CAGR of 9.5% from 2018 to 2025, according to a report by Grand View Research, Inc. Consumer preference towards LED and QLED TVs is anticipated to be the major disruptor in the industry. Availability of high-speed Internet and launch of streaming devices are predicted to drive the market growth over the coming years. Increased spending on consumer electronics would also influence market demand in the forthcoming years. Key market players include Sony Corporation; LG Electronics, Inc.; Samsung Electronics Co. Ltd.; and Panasonic Corporation

 In-Depth Research Report On Smart TV Market:

https://www.grandviewresearch.com/industry-analysis/smart-tv-industry

Innovative Commercial Kitchen Equipment to Ease Cooking

Rapidly increasing number of commercial food outlets across the globe is anticipated to propel the demand for advanced commercial kitchen equipment, such as ovens and refrigerators. These equipment make it easy for chefs and cooks to fulfill consumer demands, in terms of food taste and cuisines.

New Induction Cooking Equipment to Offer Smart Cooking

Commercial kitchen equipment include induction cooktops, refrigerators, ovens, dishwashers, and several others. The refrigerators segment accounted for 45 % of the overall revenue share in 2016. On the other hand, induction cooktops segment would generate huge revenue in the coming years due to rising demand for energy-efficient kitchen appliances. Most of the companies aim at introducing new and innovative equipment for commercial kitchens.

For instance, Hatco Corp. recently launched a new range of induction-cooking equipment for commercial kitchens called Rapide Cuisine. The new countertop induction range offers low-profile design to support rigorous kitchen jobs. In addition, it also offers pre-set programming capabilities and high-resolution Thin Film Transistor (TFT) display screen to view and adjust cooking temperature. Presently, the company is delivering only single countertop or built-in models; however, it is planning to launch the double countertop units as well.

Market Insights

The global commercial kitchen equipment market is likely to reach USD 112.47 billion by 2025, according to a report by Grand View Research, Inc. Increasing demand for Quick Service Restaurants (QSR) among youth is likely to stimulate the growth of this market over the forecast years (from 2018 to 2025). Increasing number of travelers opting for staying in hotels is also expected to fuel the market development in the next few years. High demand for low-calorie and healthy food products is also likely to have a major impact on the commercial kitchen equipment market expansion.

Rapidly growing international café outlets and Fast Food Chains (FFCs) is anticipated to propel the market demand. Development of railways across various regions, due to rising demand for superior on board facilities, along with expanding tourism sector can also spur market growth. Some of the leading companies offering highly advanced commercial kitchen equipment are Garland Group, Inc.; The Vollrath Company, LLC; G.S. Blodgett Corporation; Middleby Corporation Company; and Bonnet International.

In-Depth Research Report On Commercial Kitchen Equipment Market:

https://www.grandviewresearch.com/industry-analysis/commercial-kitchen-equipment-appliances-market

Retail Automation to Revolutionize Shopping

Mom-and-pop stores have been a staple fixture to purchase all types of goods but with the exceeding demand for goods, retail chain outlets and supermarket chains came to rise. However, increasing population gave way to long waiting times at checkout counters causing inconvenience to customers. Automation aims to change that scenario by providing consumers with more power to ease their shopping needs. Retail automation utilizes various electronic devices and latest technologies to optimize processes in the retail sector. Advent of smartphones and Internet-of-Things (IoT) has encouraged retail stores to ditch legacy products for new devices to attract customers.

Emphasis on a Pleasant Customer Experience

Products used to automate processes and services include barcode and Radio-Frequency Identification (RFID), autonomous guided vehicles, electronic shelf labels, cameras, Point-of-Sale (POS), and others.

The barcode and RFID segment is likely to witness high demand over the forecast period (from 2018 to 2025) on account of the technology being integral in inventory management. The competitive edge it provides over e-commerce stores can also augment segment demand in the forthcoming years. Increasing demand for sophisticated retail services due to high living standards, particularly in developed regions, can bolster the segment growth.

The cameras segment is expected to exhibit a decent growth rate over the coming years due to security concerns regarding shoplifting and administrative errors. In 2017, Poly, a U.S.-based startup gained capital from private investors to provide novel security measures to identify individual customers. Using machine learning (ML) technology and security cameras, it can record shopping patterns to offer customized experiences.

Market Outlook

The global retail automation market valuation is projected to reach USD 19.17 billion by 2025, as per a report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.7 % from 2018 to 2025. Increasing demand for technology to streamline processes in the retail sector is expected to be the key growth driver for the market. Adoption of automation across supermarket chains to lower the waiting time of customers is also likely to augur market growth over the forecast period. Self-serving kiosks, which can present new growth opportunities for the market, may also contribute toward its expansion. Prominent market players include NCR Corporation, Fujitsu Limited, Diebold Nixdorf, Incorporated, and ZIH Corp.

In-Depth Research Report On Retail Automation Market:

https://www.grandviewresearch.com/industry-analysis/retail-automation-market