Ceric Ammonium Nitrate Market is growing at a CAGR of 5.8% from 2015 to 2022

The global ceric ammonium nitrate market is expected to reach USD 190.1 million by 2022, according to a new report by Grand View Research, Inc. Global ceric ammonium nitrate market is still at its developing stage and is expected to witness significant growth in research labs, educational institutions and medical applications. Increasing healthcare expenditure coupled with growth of electronics industry particularly in emerging markets of Asia Pacific and Latin America is expected to drive its demand over the forecast period.
Stringent regulations particularly in the U.S. and Europe are expected to remain a key challenge for industry participants. Ceric ammonium nitrate (CAN) is considered as an oxidizing agent and irritant under Dangerous Substances Directive (67/548/EEC) by the European Union.
Laboratories were the leading application segment with demand share exceeding 70% in 2014. Increasing initiatives by research laboratories and educational institutions to expand application base owing to favorable prices coupled with flexible nature is expected to drive this segment over the forecast period. CAN is used for wide range of organic reactions including oxidation, synthesis of heterocycles, generation of carbon (heteroatom bonds), generation of carbon-carbon bonds, cleavage of carbon (heteroatom bonds), cleavage of Si-O bonds, C-halogen bond formation, and CAN-catalyzed multi-components.
The product is also used in electronic and medical industries. The product is used for etchants preparation which is further utilized in photomasks and liquid crystal displays.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/ceric-ammonium-nitrate-market

U.S. ceric ammonium nitrate market revenue by application, 2012-2022, (USD Million)

 

Further key findings from the report suggest:

• Global ceric ammonium nitrate market volume was 3,335.2 tons in 2014 and is expected to reach 5,206.1 tons by 2022 growing at a CAGR of 5.8% from 2015 to 2022.
• Asia Pacific was the leading regional market with demand share exceeding 40% in 2014. The region is also expected to witness the highest growth of 6.2% from 2015 to 2022. Rapidly expanding electronics industry particularly in China, India and Taiwan is expected to drive the regional market over the forecast period.
• North America is also expected to witness brisk growth in its market size account of technological advancements particularly in the U.S.
• Global ceric ammonium nitrate industry is consolidated in nature with limited companies operating in the market. Some key industry participants include Uranus Chemicals Co. Ltd, Henan CoreyChem Co. Ltd, Chuan Yan Technology Co. Ltd, Treibacher, American Elements, ProChem and Blue Line Corporation. Some companies have integrated their operations in order to maximize their profits.

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Grand View Research has segmented the ceric ammonium nitrate market on the basis of application and region:

Global Ceric Ammonium Nitrate Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

• Laboratories
• Photomasks
• Liquid crystal displays
• Other

Global Ceric Ammonium Nitrate Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)

• North America
• U.S
• Europe
• Germany
• Italy
• Asia Pacific
• China
• India
• Middle East and Africa
• UAE
• Central & South America
• Brazil

Food Service Equipment Market is growing at a CAGR of over 4.0% from 2016 to 2024

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.

View summary of this report @ 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.

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

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

·         North America

·         Europe

·         Asia Pacific

·         RoW

Industrial Robotics Market is expected to reach USD 40.00 billion by 2020

The global industrial robotics Industry was estimated at USD 25.68 billion in 2013 and is expected to reach USD 40.00 billion by 2020 owing to increased number of deployments in the manufacturing sector to simplify complexities and enhance productivity. Industrial robots are being increasingly used to simplify business activities including marketing, designing, selling, building, installing, maintaining and operating.
An increased emphasis has been laid on productivity index to sustain in the competitive environment of the manufacturing sector and achieve quality results is expected to drive the industrial robotics market. Increasing labor costs coupled with growing demand from automotive industry is anticipated to be a key driving factor in the industry.
Manual labor has eventually replaced with self-programming robots owing to the job efficiency and cost-effectiveness on account of their ability to sense environmental changes through integration of sophisticated sensors. Growing measures concerning safety rights of laborers are also expected to augment growth in the market.
Application of robots in non-automotive industries namely chemicals, food & beverages, electronics, and electricals have resulted in the development of new opportunities and prospects over the past few years. Increasing installation costs and lack of skilled labor are expected to pose a challenge for the companies.

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Further key findings from the report suggest:

·         In 2013, automotive robots contributed to the highest market share by volume. The market is projected to gain prominence over the forecast period on account of technological advancements and integration of artificial intelligence. Increasing demand from heavy machinery and food processing industries are also expected to have a positive impact on growth over the coming years.

·         Asia Pacific accounted for the largest market in 2013 on account of substantial investments by organizations to expand globally. Countries including Korea, Japan, and China have experienced significant growth owing to supportive government programs involving tax incentivisation, investments in skill management, and R&D funding while Singapore, Taiwan, and India are anticipated to have a high potential for growth.

·         Rising production capacities in North America coupled with the modernization of factories are expected to result in an increasing number of robotic installations. Significant investment in robotics by automotive industry players in Europe is projected to augment demand over the forecast period.

·         The industrial robotics market encompasses numerous Japanese suppliers namely Denso, Motoman and Fanuc. Europe comprises of specialized industrial robotics establishments including Kuka and Comau along with prominent corporations including BAE and ABB Systems.

·         New entrants are expected to emphasize on a particular application and find ways to diversify to cope with high capital cost. Initiatives including “Blue Competence” sustainability initiative by Anlagenbaue.V. (VDMA) and VerbandDeutscherMaschinen, which aims at achieving environmental sustainability through technological modernization, is expected to propel growth in the coming years.

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Grand View Research has segmented the global industrial robotics market on the basis of application and region:
Industrial Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 – 2020)
    • Automotive
    • Electrical/Electronics
    • Metal/Heavy Machinery
    • Chemical, Rubber & Plastics
    • Food
    • Others
Industrial Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

Broadcast Switchers Market To 2020- Industry Trends, Forecast: Grand View Research, Inc.

The global Broadcast Switchers Market is expected to reach USD 1.93 billion by 2020, according to a new study by Grand View Research, Inc. Transition to digital from traditional analog technology is expected to propel market growth over the next six years. Changing consumer preferences and favorable regulatory scenario have led to high degree of digitization and HD display adoption, which is also expected to be a key market driver over the forecast period. Operational ease during broadcasting and video transmission may favorably impact the market.
Although standard definition (SD) demand has been decreasing, digitization is expected to fuel 4K and full HD adoption; this is expected to present a sizable opportunity for companies operating in the market. Rising production automation demand is also expected to be a growth driver over the forecast period. Restraints to market growth include need for standardization as well as high cost of lighting equipment, cameras, digital audio mixers, etc.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/broadcast-switchers-market

Further key findings from the study suggest:

• Routing switchers accounted for over 40% of the global market in 2013; the segment is further expected to gain market share over the forecast period. Growing amount of video content has led to installation of sophisticated broadcasting products so as to provide high quality streaming. Production switchers are expected to witness high growth, and manufacturers have focused on reengineering and product development measures.
• Sports broadcasting accounted for over 20% of the market share in 2013, mainly due to demand for high resolution format. Key manufacturers have aimed to provide multi-definition switchers capable of functioning in varied environments. Growth in demand for outside broadcasting vans is expected to drive the production trucks segment over the next six years.
• North America is expected to continue being the market leader over the forecast period; it accounted for over 35% of the market in 2013. Asia Pacific is expected to be a fast growing regional market over the forecast period due to investments in broadcast infrastructure.
• Key industry participants include Sony, Snell Group, Ross Video, Broadcast Pix, Panasonic Corporation, Harris Broadcast, etc. Major vendors differ on the basis of their product offering, with innovation and establishing global presence among the key strategies employed.

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For the purpose of this study, Grand View Research has segmented the global broadcast switchers market on the basis of product, application and region:
Broadcast Switchers Product Outlook (Revenue, USD Million, 2012 – 2020)
    • Master Control Switchers
    • Production Switchers
    • Routing Switchers
Broadcast Switchers Application Outlook (Revenue, USD Million, 2012 – 2020)
    • News Production
    • Post Production
    • Production Trucks
    • Sports Broadcasting
    • Studio Production
    • Others
Broadcast Switchers Regional Outlook (Revenue, USD Million, 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW