Electric Water Heaters Market To Surpass $29.32 Billion Threshold By 2022: Grand View Research, Inc.

The global electric water heaters market is expected to reach USD 29.32 billion by 2022, according to a new study by Grand View Research, Inc. Increasing residential and commercial projects worldwide is expected to drive market demand over the forecast period. Rising disposable income and preference for tankless heaters may further fuel the electric water heaters market.

Growing awareness for automated temperature control, energy efficiency and environmental sustainability is estimated to favor tankless heaters demand. Increasing government initiatives to improve rural infrastructure and uninterrupted electricity availability in these areas is expected to provide new opportunities to market growth. Rising electricity prices, volatile raw material prices and growing preference for solar water heaters may restrain market growth over the forecast period.

Full Research Report On Global Electric Water Heaters Market Analysis:
www.grandviewresearch.com/industry-analysis/electric-water-heaters-market

Further key findings from the report suggest:

• Global market demand is expected to reach 117.5 million units by 2022, growing at a CAGR of 6.9% over the forecast period.
• Storage water heaters are more commonly used for residential applications. They have capacity ranging from 2 gallons to 105 gallons with continuous hot water availability. They are also increasingly used in countries with limited or broken electricity supply as they can store hot water for future use. Residential storage tanks are highly insulated to minimize standby losses, which may be prominent owing to irregular and non-continuous use. The market is gradually moving towards tankless electric water heaters; however, the storage segment is still expected to remain dominant over the forecast period.
• Residential storage water heater tanks are highly insulated to minimize standby losses, which may be prominent owing to irregular and non-continuous use. Commercial water heaters can be glass lined, stainless steel lined, cement and hydrastine cement lined. Commercial developments such as restaurants, schools, hospitals, and hotels are expected to favor segment demand over the forecast period. Commercial electrical storage water heaters have capacity of up to 5000 gallons.
• Countries such as China and India are expected to contribute to regional growth over the forecast period. Rapid infrastructue developments in these countries are expected to favor the Asia Pacific electric water heaters market. However, increasing trend for use of solar water heater may restrict market demand gradually over the next seven years. These products are used mostly in urban areas whereas in rural areas electrified hand sticks and open fires are used to heat water. Storage technology is increasingly becoming popular in most large households, since pre-heated water can be used from tanks in case of power cuts.
• Key contributors to the electric water heaters market include A.O. Smith Corp, General electric, Rheem Manufacturing Co., and Siemens AG. Industry participants focus on offering energy-efficient and cost-effective products through technological advancements. They invest in R&D to offer innovative products to gain competitive advantage. A.O. Smith Corporation invested around USD 67.9 million, USD 57.8 million, and USD 51.7 million in 2014, 2013, and 2012 respectively for research & development.

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Grand View Research has segmented the electric water heaters market on the basis of product, application and region:

Electric Water Heaters Product Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)

• Storage
• Non-storage/Tankless

Electric Water Heaters Application Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)

• Commercial
• Residential

Electric Water Heaters Regional Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-electric-water-heaters-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

System Integration Market Likely To Reach $582.5 Billion By 2025: Grand View Research, Inc.

The global system integration market is expected to reach USD 528.2 billion by 2025, according to a new report by Grand View Research, Inc. Increased spending on system integration solutions, by the key players in the market, has enriched the IT infrastructure and subsequently eliminated redundancies. The growing requirement for eradicating heterogeneity, multiplicity, and fluctuating distinctiveness of vital applications & infrastructures is anticipated to fuel the system integration market over the forecast period.

The growing espousal of cloud computing along with numerous developments in virtual technologies is projected to trigger the adoption of system integration solutions. Technological advancements, such as Cloud Service Brokerage (CSB), Building Energy Management Systems (BEMS), Cyber-Physical System (CPS), and clinical integration, are anticipated to offer new opportunities for market growth.

The system integration market is projected to witness high growth over the forecast period, owing to the recurrent need for open and distributed architectures across the globe. However, high implementation costs may dissuade SMEs and start-ups from adopting system management solutions.

Full Research Report On Global System Integration Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/system-integration-market

Further key findings from the study suggest:

• The consulting service segment is projected to exhibit a significant growth with CAGR exceeding10.0% from 2016 to 2025, as there is a rising need for enterprises to assist users in designing their BCP/DR plan and conducting rehearsals for effective and efficient workflow
• The IT & telecommunication segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding11%, which can be accredited to the growing demand for distributed systems integration in the IT sector
• Asia Pacific emerged as the fastest-growing region and is expected to witness a healthy CAGR of over 11%, owing to the mounting investments in security solutions
• The key purveyors of this industry are Accenture, BAE systems, Fujitsu, Hewlett-Packard, IBM, and Lockheed Martin Corporation, among others

Browse More Reports Of This Category By Grand View Research:
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Grand View Research has segmented the global system integration market based on services, end-use, and region:

System Integration Services Outlook (Revenue, USD Million; 2014-2025)

• Infrastructure integration
• Application integration
• Consulting

System Integration End-use Outlook (Revenue, USD Million; 2014-2025)

• Telecommunication & IT
• Defense & security
• BFSI
• Oil & gas
• Healthcare
• Transportation
• Retail
• Others

System Integration Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-system-integration-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Sand Blasting Machines Market | Industry Growth, Trends and Forecast Upto 2020

The global sand blasting machines market is expected to reach USD 441.1 million by 2020, according to a new study by Grand View Research, Inc. Breakthroughs in robotic sand blasting technology as a result of investments by key industry participants is expected to drive the market over the forecast period. Increased demand from end-use industries such as construction, automotive, and aerospace is expected to favorably impact market growth.

Shot blasting machines have replaced sand blasting machines in several applications to alleviate the risk of lung diseases caused due to inhalation of silica, which may pose a challenge to market growth. Governments of many countries such as the U.S., UK and Turkey have restricted the use of blast cleaning abrasives containing more than 0.1% free silica, which may hamper demand over the next six years.

Full Research Report On Global Sand Blasting Machines Market Analysis:
www.grandviewresearch.com/industry-analysis/sand-blasting-machines-market

Further key findings from the report suggest:

• Global sand blasting machines market shipments were estimated at 86,018 units in 2013, which is expected to reach 121,845 units by 2020, growing at a CAGR of 5.1% from 2014 to 2020.
• Industrial sand blasting machines accounted for over 80% of the market revenue in 2013. The mini sand blasting machines market is expected to gain prominence over the next six years as sandblasting has substituted numerous domestic tasks such as paint and rust removal.
• Sand blasting machines market demand is expected to be the highest in Asia Pacific owing to extensive use in construction, automotive, and infrastructure sectors coupled with significant contribution by the Chinese market to global volume and revenue generation. Demand for mini sand blasting machines is higher in North America, where they are used for automotive as well as home improvement applications.
• The market is extremely fragmented in nature; Clemco Industries Corp. emerged as the leading market player in 2013. The company sells blasting machines under four distinct brands, each catering to a specific application area, and also develops equipment targeted at operator safety. Other market players include Trinity Tool Company, Tools USA, C.M. Surface, and ACE.

View more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/hvac-and-construction-technologies

Grand View Research has segmented the global sand blasting machines market on the basis of product and region:

Sand Blasting Machines Product Outlook (Volume, Unit Shipments & Revenue, USD Million; 2012 - 2020)

• Mini sand blasting machines
• Industrial sand blasting machines

Sand Blasting Machines Regional Outlook (Volume, Unit Shipments & Revenue, USD Million; 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-sand-blasting-machines-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Mining Automation Market Size Will Grow At A CAGR Of 7.3% From 2014 to 2025: Grand View Research, Inc.

The global mining automation market size is expected to reach USD 6.2 billion by 2025 at a CAGR of 7.3% during the forecast period, according to a report by Grand View Research, Inc. Increasing need to enhance accuracy and productivity of mining operations is expected to drive market growth.

Need for optimizing production costs, reducing human intervention, and changing the mining landscape are key growth-driving factors for the market. Increasing investment in digital technologies, including analytics and human-machine interactions, is also expected to be one of the key factors boosting industry growth. Furthermore, complex stages involved in supply chain activities and growing sophistication in mining operations are driving the need for automation and robotics technology in this sector.

Growing automation has led to adoption of drones as a step toward the evolution of unmanned and aerial data collection technology in mines. Automated drone systems are expected to become an essential technology in future mining automation and digitization activities.

Several companies such as Tata Steel, Rio Tinto Group, and Komatsu Ltd. are the early adopters of drone technology. Usage of these systems enables quick data collection by enhancing accuracy in designing mine plans and making necessary changes, thereby boosting operational productivity.

Changing mining landscape across the globe along with dependence on specific technologies is expected to create growth opportunities over the next few years. Such changes in operations are challenging the viability of traditional exploration and drilling technologies and processes, thereby providing opportunities for the adoption of new technologies.

Rising need for Geographic Information Systems (GIS) in mineral exploration activities has boosted market growth. GIS enables professionals to perform in-depth analysis of insights related to mineral exploration, mining conditions, and geochemical or hydrological data.

Several economies including India, Africa, and Brazil lack the potential for growth owing to use of conventional exploration techniques and equipment. Increased need for exploration in these economies with the adoption of advanced technologies is expected to accelerate demand for automated solutions over the forecast period.

Rising investments and government support, along with ongoing initiatives such as Digital Transformation Initiative (DFT) for a digital transition in the mining sector, would significantly boost the adoption of automated solutions. For instance, in 2017, the Government of Australia announced its plans to invest approximately USD 79 million to encourage medium- and small-sized miners to carry out exploration activities.

Full Research Report On Global Mining Automation Market Analysis:
www.grandviewresearch.com/industry-analysis/mining-automation-market

Further key findings from the report suggest:

• The equipment automation segment is projected to expand at a CAGR of 7.5% over the forecast period. Retrofitting existing equipment with automated technology is expected to substantially contribute to segment growth
• The autonomous trucks sub-segment is expected to dominate the equipment automation segment over the forecast period, on account of their increased deployment to boost productivity and safety
• The metal mining application segment is expected to grow at a significant rate over the forecast period, which can be attributed to increased gold exploration activities globally
• The revenue share of Asia Pacific is expected to surpass 40.0% by 2025, owing to growing penetration of automation solutions in economies including Australia and India
• Prominent market players include Rockwell Automation, Inc.; Komatsu Ltd.; Rio Tinto Group; and Caterpillar Inc.
• Increased investments in developing automated solutions by either launching new products or retrofitting existing equipment are some of the growth strategies adopted by key players.

View more reports of this category by Grand View Research at:
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Grand View Research has segmented the global mining automation market on the basis of solution, application, and region:

Mining Automation Solution Outlook (Revenue, USD Million, 2014 - 2025)

• Software Automation
• Services
• Implementation and Maintenance Services
• Training Services
• Consulting Services
• Equipment Automation
• Autonomous Trucks
• Remote Control Equipment
• Teleoperated Mining Equipment

Mining Automation Application Outlook (Revenue, USD Million, 2014 - 2025)

• Metal Mining
• Mineral Mining
• Coal Mining

Mining Automation Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Australia
• Latin America
• Brazil
• Mexico
• MEA

View press release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-mining-automation-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Automotive Transmission Market To Generate Revenue of $259.1 Million By 2024: Grand View Research, Inc.

The global automotive transmission market size is expected to reach USD 259.1 million by 2024 according to a new report by Grand View Research, Inc. Increasing emission standards worldwide is one of the key reasons driving the growth of automotive transmission market. Gasoline engines emit toxic gasses and particles that are hazardous to the environment. Rising pollution and global warming effect has led to the implementation of various government regulation relating to vehicular emissions. Such guidelines have enforced the component suppliers to produce high-efficiency environment-friendly transmission systems for domestic and international markets.

Further, growing adoption for Automatic Manual Transmission (AMT) in the automotive industry is expected to fuel the demand over the forecast period. AMT is more efficient than other transmission systems and is easy to manufacture at low cost. Increasing adoption of AMT across compact cars segment is anticipated to grow further over the next few years.

Growing prominence for electrified transmissions among automotive manufacturers is expected to witness increasing penetration across regions including Europe and North America. Rising focus on hybrid vehicles and their positive impact on fuel economy and emissions in these regions will contribute to the adoption of the transmission systems.

Full Research Report On Global Automotive Transmission Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/automotive-transmission-market

Further key findings from the report suggest:

• Automatic segment is anticipated to grow at CAGR of over 8.0% from 2016 to 2024. Advancements in the automotive industry and improvement in transmissions are leading to a shift towards automatic transmission segment. Automatic transmissions are easier to operate, efficient and accurate. Improvements in the function and fuel economy of automatic transmissions is essentially hampering the growth of manual transmission in the U.S.
• Diesel fuel type segment is expected to witness substantial growth at a CAGR of over 7.6% from 2016 to 2024. Growing demand for diesel engines is due to the high compression ratio, which allows better efficiency compared to gasoline engines. Moreover, these engines are prominently used in the SUVs segment cars across the world.
• Passenger cars segmented dominated the industry in 2015, which is expected to grow at a CAGR of nearly 8.0% over the forecast period. Rising demand for luxury vehicles with advanced features such as improved fuel economy and high efficiency owing to the rising disposable income of the countries such as India is anticipated to drive the demand. Off-road vehicle such as ATVs, Hummer vehicles, Monster trucks, Jeep vehicles and four-wheel drive systems are gaining popularity and is expected to drive the market over the next eight years.
• Stringent guidelines across the globe are anticipated to regulate the automotive transmission market over the future. Asia Pacific dominated the industry in 2015 and is expected to remain the same by 2024. Increasing automotive sales especially in countries such as Japan, India, China and South Korea is projected to favorably impact the market over the forecast period.
• Key industry participants include Aisin Seiki Co., Ltd., Allison Transmission Inc., BorgWarner Inc., Continental AG, Eaton Corporation PLC, Getrag, GKN PLC, Magna International Inc., Jatco Ltd., and ZF Friedrichshafen AG. Automotive manufacturers in the industry are investing immensely in its R&D operations to match the changing technological demands across the industry.

Browse More Reports Of This Category By Grand View Research:
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Grand View Research has segmented the global automotive transmission market on the basis of transmission type, fuel type, vehicle type and region:

Automotive Transmission Type Outlook (Revenue, USD Million, 2014 - 2024)

• Manual
• Automatic

Automotive Transmission Fuel Type Outlook (Revenue, USD Million, 2014 - 2024)

• Gasoline
• Diesel
• Others

Automotive Transmission Vehicle Type Outlook (Revenue, USD Million, 2014 - 2024)

• Passenger cars
• LCVs
• ICVs
• HCVs
• Off-road
• Construction
• Defense
• Farm Tractors

Automotive Transmission Regional Outlook (USD Million, 2014 - 2024)

• North America
• Europe
• Asia Pacific
• RoW

Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-automotive-transmission-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Automotive Exterior Materials Market Worth $19.21 Billion By 2025: Grand View Research, Inc.

The global automotive exterior materials market is expected to reach USD 19.21 billion in 2025, according to a new report by Grand View Research, Inc. Steel which was predominantly the material of choice for various exterior components is expected to witness rising competition from plastics and carbon composite materials.

High prices of these composites have limited use of these materials to certain components. Sustainability is expected to emerge as key megatrend which is likely to shape the future of materials used for manufacturing car exteriors and will pose greater challenges for automobile designers.

Increasing environmental concerns and stringent norms have forced automotive manufacturers to control automotive pollution. One of the most important factors affecting fuel efficiency and vehicular pollution is the curb weight. Reduction in curb weight drastically increases fuel efficiency and reduces vehicular pollution.

Application of carbon fiber has been limited to high performance cars because of high carbon fiber cost. However, extensive R&D work is being undertaken by several manufacturers to develop low-cost carbon fiber grade with similar mechanical properties as that of high-cost variants. This is expected to spur carbon fiber demand in the automotive industry over the forecast period.

The market is characterized by the presence of major companies with a minimal difference in their shares, making each of them capable of gaining market leader position. The degree of competition is expected to remain high over the next five years.

Full Research Report On Global Automotive Exterior Materials Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/automotive-exterior-materials-market

Further key findings from the study suggest:

• The global market was valued at USD 10.46 billion in 2016 and is projected to reach USD 19.2 billion by 2025, growing at an estimated CAGR of 7.0% from 2017 to 2025
• Asia Pacific is expected to be the fastest growing region and will probably register a demand of 8.87 million tons by 2025
• Steel holds 36% of the global market and is projected to retain its dominance over the forecast period as well. Although, development of lightweight substitutes for light and electric vehicles remains a major area of growth in this market.
• In terms of application, doors dominate the market with 29% of the market revenue
• Key players operating in the market include Magna International Inc., Toyota Boshoku Corporation, Kirchhoff Automotive GmbH, Trinseo S.A., DURA Automotive Systems, LLC, Plastic Omnium Co., etc.

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Grand View Research has segmented the automotive exterior materials market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Steel
• Aluminum
• Plastics
• Glass composites
• Carbon composites
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Bumpers
• Fenders
• Doors
• Hoods
• Tailgates
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• Middle East and Africa
• Central & South America

Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-automotive-exterior-materials-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Self driving Cars and Trucks Market Is Anticipated To Grow At A CAGR of 63.1% from 2021 to 2030 | Grand View Research, Inc.

The global self‑driving/autonomous cars and trucks market size is anticipated to reach 4,223 thousand units by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 63.1% during the forecast period. An autonomous vehicle is a combination of various sensors and networking systems that assist computers in driving vehicles. Thus, several technology providers such as Google Inc. and Tesla Motors have also entered the market and are contributing to research and development of autonomous vehicles.

The automobile industry is dynamic and is witnessing rapid advancements in terms of technologies. Several major players in the industry, such as General Motors Company (GM), Volkswagen AG, Mercedes-Benz, and Bayerische Motoren Werke AG (BMW), invest a significant part of their revenue in research and development of technologies. Currently, there is a growing trend of autonomous vehicles, thus attracting larger investments from top players.

The autonomous cars and trucks market has been segmented on the basis of application into transportation and defense. The transportation segment has been bifurcated further into industrial and commercial applications. Transportation is expected to have a greater market share while the defense segment is expected to portray the highest growth over the forecast period.

The North America region is slated to account for the largest share in the autonomous cars and trucks market in 2020. Demand for autonomous vehicles is expected to increase over the forecast period owing to stern government regulations and rising adoption of self-driving vehicles in U.S.

Full Research Report On Global Self driving Cars and Trucks Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/driverless-cars-market

Further key findings from the report suggest:

• Demand for driverless cars and trucks market is expected to grow owing to rising number of regulations laid down by governments of various developed and developing nations
• Market size of the defense segment is expected to expand at the highest CAGR of 86.4% over the forecast period
• U.S., China, and Japan markets are expected to witness significant growth over the forecast period owing to large-scale testing activities and adoption of autonomous cars and trucks in the transportation sector
• Audi AG; BMW AG; Daimler AG (Mercedes Benz); Ford Motor Company; General Motors; Google LLC; Honda Motor Corporation; Nissan Motor Company; Tesla, Inc.; Toyota Motor Corporation; Uber Technologies, Inc.; Volvo Car Corporation; and Volkswagen AG are some of the key market incumbents.

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Grand View Research has segmented the global Self-driving/Autonomous Cars and Trucks market on the basis of application and region:

Self-driving/Autonomous Cars and Trucks Application Outlook (Volume, Thousand Units, 2020 - 2030)

• Transportation
• Industrial
• Commercial
• Defense

Self-driving/Autonomous Cars and Trucks Regional Outlook (Volume, Thousand Units, 2020 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Netherlands
• Sweden
• Asia Pacific
• China
• Japan
• Singapore
• Australia
• South America
• Brazil
• Middle East and Africa

Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-driverless-cars-market

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com