Bicycle Market Size Is Estimated To Reach $75.47 Billion By 2025

The global bicycle market size is expected to reach USD 75.47 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.1% over the forecast period. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are expected to bolster market growth. Bicycles are being preferred for short distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary commute option.

Rising emphasis on the use of non-polluting vehicles for short distance commutes by the governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in near future.

The road bicycle is expected to emerge as the fastest-growing segment over the forecast period. Road bicycles happen to be the most basic bicycles that people prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated o bode well for growth over the forecast period.

Full Research Report On Bicycle Market Visit Here: https://www.grandviewresearch.com/industry-analysis/bicycle-market

Bicycle Market Report Highlights

• The global bicycle market is growing significantly as bike sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations
• Mountain bicycle segment is anticipated to expand at a CAGR exceeding 4% over the forecast period. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth
• Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are attributed to the growth of the electric bicycle segment
• The number of men opting for bicycle commutation was higher than that of women and kids in 2017. The men segment is expected to expand significantly at a CAGR of over 5.0% over the forecast period as men would continue to outnumber women and kids in terms of opting for bicycle commutation
• Asia Pacific was the dominated the market in 2017 with a market share exceeding 25% in terms of revenue. Governments in Asian nations, particularly Japan, China, and Singapore among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation
• Leading incumbents of the bicycle market are Accell Group, Dorel Industries, Giant Bicycles, Merida, and Trek Bicycles among others. They dominated the market in 2017 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions.

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Bicycle Market Segmentation

Grand View Research has segmented the global bicycle market based on product, technology, end user, and region:

Bicycle Product Outlook (Revenue, USD Million, 2014 - 2025)

• Mountain Bicycle
• Hybrid Bicycle
• Road Bicycle
• Others

Bicycle Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Electric
• Conventional

Bicycle End User Outlook (Revenue, USD Million, 2014 - 2025)

• Men
• Women
• Kids

Bicycle Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

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 info visit @ https://www.grandviewresearch.com

 

Unified Threat Management Market Size Is Estimated To Reach $10.09 Billion By 2025

The global unified threat management market size is expected to reach USD 10.09 billion by 2025 at a CAGR of 14.5% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Unified threat management (UTM) solutions eliminate the need for enhanced technical support and require fewer updates and contracts to manage network. This helps the end users to increase IT staff productivity and minimize operational costs. Latest trends, such as Bring-Your-Own-Device (BYOD), web applications, and virtualization, have compelled enterprises to prepare for emerging security risks in their networks, in addition to the growing concerns of internal and external threats. Growing number of such threats is impelling enterprises to adopt UTM solutions.

Moreover, these solutions are cost-effective and also have the ability to perform application-aware network tracking, scanning, and control. In addition, the solutions are easy to install & maintain and require lesser human intervention, which leads to further reduction in operational costs. All these factors are expected to drive the UTM market over the forecast period. Moreover, these solutions have multiple functionalities that allow consumers to reduce energy consumption and space. These benefits are further expected to contribute to the market growth. The key companies in the UTM market are focusing on developing advanced solutions that are aligned with the requirements of end users.

Full Research Report On Unified Threat Management Market Visit Here: https://www.grandviewresearch.com/industry-analysis/unified-threat-management-utm-market

Further key findings from the study suggest:

• Virtual component segment is anticipated to register the highest CAGR of 15.2% from 2019 to 2025 due to increasing number of SMEs requiring virtual infrastructure to securely run a wide range of applications
• Managed UTM segment is anticipated to register significant growth over the forecast period as these solutions eliminate the need to buy multiple appliances for enterprises and offer complete network protection
• The cloud segment is projected to expand at the highest CAGR during the estimated period. It is the most preferred deployment method of UTM solutions as it allows users to remotely manage the appliance
• Large enterprise is projected to be the fastest-growing segment from 2019 to 2025 due to increasing adoption of UTM solutions, which are cost-effective and easy to install & maintain in large enterprises
• BFSI segment is expected to register a significant growth in future. High demand for remotely managing security system, owing to increasing number of online hacks and cyberattacks in banks, is expected to drive the segment
• North America is expected to continue to dominate the global UTM market over the forecast period owing to the presence of major companies in the region
• Prominent industry participants include Barracuda Networks, Inc.; Cisco Systems, Inc.; Check Point Software Technologies Ltd.; SonicWall; Fortinet, Inc.; Huawei Technologies Co., Ltd.; Untangle, Inc.; Juniper Networks, Inc.; Sophos Ltd.; and WatchGuard Technologies, Inc.

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Grand View Research has segmented the global UTM market on the basis of component, service, deployment, enterprise size, end use, and region:

UTM Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Virtual

UTM Service Outlook (Revenue, USD Million, 2014 - 2025)

• Consulting
• Support & Maintenance
• Managed UTM

UTM Deployment Outlook (Revenue, USD Million, 2014 - 2025)

• Cloud
• On-premise

UTM Enterprise Size Outlook (Revenue, USD Million, 2014 - 2025)

• Large Enterprise
• Small & Medium Enterprise (SME)

UTM End Use Outlook (Revenue, USD Million, 2014 - 2025)

• BFSI
• Government
• Healthcare
• Manufacturing
• Retail
• Telecom & IT
• Others

UTM Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa (MEA)

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 info visit @ https://www.grandviewresearch.com

 

Freeze Drying Equipment Market Size Is Estimated To Reach $2.77 Billion By 2025

The global freeze drying equipment market size is anticipated to reach USD 2.77 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 8.7% during the forecast period. Introduction of new injectable formulations and biologic drugs along with upswing in the demand for custom-built food industry have bolstered market growth. Furthermore, the market is also driven by expansion of the biotechnology industry and growing focus of pharmaceutical manufacturers on emerging markets.

Growing interest of biotechnology industry participants in freeze drying equipment in regions such as Asia Pacific and Latin America is projected to drive the market. Additionally, development of biosimilar and vaccines in developing regions and shift of various biopharmaceuticals manufacturing industries from developed to developing regions is poised to drive the market in these regions. Additionally, various key players are aiming towards marking their market presence by acquiring small scale equipment manufacturers present in developing countries to gain a competitive edge. This is also stoking the growth of the market.

Furthermore, mobile freeze dryers are poised to witness significant growth over the forecast period owing to their portability & ease of use. Additionally, these products maintain original structure & quality of products for prolonged duration. Thus, the market is likely to witness lucrative growth in the biotechnology sector due to increasing demand for storage of umbilical cords which are further used in surgeries. Moreover, food processing is expected to be one of the major application areas since freeze drying equipment preserve & extend shelf life and makes food products convenient to transfer.

However, higher set up & maintenance cost is estimated to hinder market growth. Increasing demand from various biotechnology and pharmaceutical companies for refurbished systems is anticipated to restraint market growth. Additionally, key players are engaged in introducing innovative products in the market to maintain their market presence and shares. Thus, introduction of new technologies and innovations is projected to boost the growth of the market.

Full Research Report On Freeze Drying Equipment Market Visit Here: https://www.grandviewresearch.com/industry-analysis/freeze-drying-equipment-market

Freeze Drying Equipment Market Report Highlights

• Mobile freeze dryers are likely to emerge as the fastest-growing segment over the forecast period owing to their efficiency of reducing moisture
• The biotechnology industry is expected to be the most promising application segment during the forecast period. The growth of the segment can be attributed to benefits offered by the product such as reduced water fraction, high temperature tolerant, and product stabilization
• Asia Pacific is estimated to register the highest CAGR of 11.5% over the forecast period owing to presence of various biotechnological & pharmaceutical industries in countries including India and China
• The market is highly consolidated with presence of several well-established players. Key companies include Tofflon Science and Technology Co., Ltd, GEA Group, Labconco Corporation, and Azbil Corporation. Collaborations and mergers are key growth strategies undertaken by market players to sustain competition

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Freeze Drying Equipment Market Segmentation

Grand View Research has segmented the global freeze drying equipment market based on product, application, and region:

Freeze Drying Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)

• Bench Top Freeze Dryers
• Laboratory Freeze Dryers
• Mobile Freeze Dryers
• General Purpose Freeze Dryers
• Industrial Freeze Dryers
• Others

Freeze Drying Equipment Application Outlook (Revenue, USD Million, 2014 - 2025)

• Biotechnology
• Pharmaceuticals
• Food Processing
• Surgical Procedures
• Others

Freeze Drying Equipment Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

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 info visit @ https://www.grandviewresearch.com

 

Power Transformer Market Size Is Estimated To Reach $28.22 Billion By 2020

The global power transformer market size is expected to reach USD 28.22 billion by 2020, according to a new report by Grand View Research, Inc. Emerging technological advancements along with rising electricity consumption are projected to elevate industry growth over the next five years. Huge investment in power plant infrastructure coupled with increasing demand for smart meters is projected to positively impact demand. Further, several government initiatives for modernizing the existing grids combined with installation of technologically advanced systems is anticipated to drive power transformer market growth.

Increasing awareness regarding low carbon emission due to service expansions in resource-based industries is anticipated to offer prominent growth opportunities for the industry. Advanced features offered by eco-friendly devices are projected to replace traditional transformers, which are not compatible with current technical and environmental requirements. However, pricing pressure on manufacturing companies coupled with fluctuating raw material prices are expected to hamper growth.

Full Research Report On Power Transformer Market Visit Here: https://www.grandviewresearch.com/industry-analysis/power-transformers-market

The power transformer market can be classified on the basis of products into 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Increased usage of 100 MVA to 500 MVA products in transmission and distribution network for step-up and step-down application is expected to drive global demand. High capacity product demand in the Middle East and Asia Pacific is estimated to drive revenue.

Asia Pacific is expected to dominate the industry owing to factors such as economic, industrial and social development in the countries such as China and India. Asia Pacific power transformer market is anticipated to grow at a CAGR of over 6.0% from 2014 to 2020. Replacement of aging power infrastructure in North America and Europe is estimated to boost volume sales in these regions. Further, various initiatives undertaken by European nations in order to deploy green transformers are projected to positively impact demand.

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Notable players in the industry include GE Co., Alstom SA, Crompton Greaves Ltd, Toshiba Corp., Siemens AG, ABB Ltd, Hyundai Heavy Industries Co. China XD Electric, TBA Co Ltd, and Mitsubishi Electric Co. Companies operating in the power transformer market have to comply with varied regulations related to performance, environment and efficiency.

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 info visit @ https://www.grandviewresearch.com

 

Field Programmable Gate Array Market Size Is Estimated To Reach $18.8 Billion By 2027

The global field programmable gate array market size is anticipated to reach USD 18.8 billion by 2027, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The increased adoption of field programmable gate array (FPGA) across networking, data center, and Internet of Things (IoT) is projected to drive the industry growth over the forecast period.

Growing application of the FPGAs in the aerospace and military sector to develop drone systems for flight control, sensor interfacing, and image processing is driving the industry growth. Flash-based field programmable gate arrays are resistant to radiation-induced configuration shocks and also offer efficient functionality at high altitudes. The flash segment is anticipated to witness a substantial growth over the forecast period, owing to their abilities of consuming less power and delivering security, safety, and reliability throughout the design and deployment process.

Companies are largely seen to be leveraging the power of field programmable gate arrays to develop Artificial Intelligence (AI) based solutions for automotive applications. For instance, in June 2018, Xilinx, Inc. collaborated with Daimler AG to help the deep learning professionals from the Mercedes-Benz R&D centers for developing AI algorithms on the Xilinx adaptable acceleration platform. The automotive segment is likely to fully exploit the capacities of the FPGAs for deploying neural networks for intelligent vehicle systems and optimizing battery management, power conversions, and electric motor control systems of the Electric Vehicles (EV) and Hybrid-Electric Vehicles (HEV).

Full Research Report On Field Programmable Gate Array Market Visit Here: https://www.grandviewresearch.com/industry-analysis/fpga-market

Field Programmable Gate Array Market Report Highlights

• The FPGA market is anticipated to witness a noteworthy growth over the forecast period owing to increased usage of FPGAs in EVs, vehicle networking and connectivity, self-driving cars, and automotive infotainment.
• The SRAM technology segment is expected to witness significant growth over the forecast period owing to its features including greater logic density, better performance, non-volatility, and its manufacturing simplicity.

• The FPGAs used in the consumer electronics sector generated a revenue of over USD 1.0 billion in the year 2019, due to growing adoption of digital displays, televisions, cameras and camcorders, eReaders, and set-top boxes for households.

• The Asia Pacific region is expected to witness a substantial growth from 2020 to 2027 due to increase in sale of consumer electronics, especially smartphones, in countries like China and India, and growing number of data centers in the region.
• Xilinx, Inc.; Intel Corporation, Microsemi Corporation; Texas Instruments; Lattice Semiconductor Corporation; and Taiwan Semiconductor Manufacturing Company are some of the key players in the FPGA market.

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Field Programmable Gate Array Market Segmentation

Grand View Research has segmented the global field programmable gate array market on the basis of technology, application, and region:

FPGA Technology Outlook (Revenue, USD Million, 2016 - 2027)

• SRAM
• EEPROM
• Antifuse
• Flash
• Others

FPGA Application Outlook (Revenue, USD Million, 2016 - 2027)

• Consumer Electronics
• Automotive
• Industrial
• Data Processing
• Military & Aerospace
• Telecom
• Others

FPGA Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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 info visit @ https://www.grandviewresearch.com