Global water heater market was valued US$ 32.02Bn in 2017 and is expected to reach US$ 50.50Bn by 2026, at a CAGR of 5.74 % during a forecast period.
It is a heating device that uses energy from various external sources and transfers it to heat the water.
Growing concern among consumers regarding natural resources and energy is inspiring the consumers to shift toward energy-efficient water heating system are driving the global water heater market growth.
The consumers are focusing to selection of a proper water heater.
Availability of fuel types, fuel cost and efficiency of the system, storage and distribution temperature, installation and maintenance cost, and safety of the use are some factors which are driving the demand for water heater.Increasing standard of living and growing consumer awareness relating to heater benefits may drive the global market growth substantially.
Growing focus toward the tourism and hospitality industries is booming the water heater market growth in this region.
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It also contains forecasts using a suitable set of expectations and approaches.
The report determines with the profiles of foremost players in the global.
The major market players are estimated on various factors such as company overview, product selection, and revenue of ‘Global Facial Water Spray Market’.
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‘Global Facial Water Spray Market’ Report covers market appearances, size and progress, segmentation, provincial collapses, competitive background, market shares, tendencies and strategies for this market.
Significant financial deals which have molded the market in the previous years are recognized.
The latter appears to secure inferiority due to large area for surface impact, designing flaws and lack of provision for security updates, while evaluating security properties of mechanical and electronic locks. Future prospects of global market for mechanical locks has been assessed in the report published by Research Report Insights. According to the report, approximately US$ 7,150 Mn worth of mechanical locks are estimated to be sold across the world by the end of 2022. The global mechanical locks market is estimated to exhibit a moderate CAGR over the forecast period.
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Factors Influencing Growth of the Market
The demand for mechanical locks is likely to witness steadfast expansion, in the view of developing technologies in the domain of physical securities. Adoption of high-tech guarding, biometric access platforms and smart locks continues to remain sough-after in the market, decreasing the uptake of mechanical locks among consumers, concurrently. Mechanical locks are witnessing decline in terms of gaining mass consumer appeal that continues to opt for adamantine security products, even as a retail commodity.
Interconnected locks are likely to remain sought-after in the market, according to a report. Interconnected locks are estimated to secure nearly US$ 1,900 Mn in terms of revenues by the end of assessment period, despite the moderate expansion of the total mechanical locks. Interconnected locks will gain traction in securing apartments, buildings, military housing and rest of the residential facilities. The interconnected locks are likely to remain sough-after owing to their precise lever action and compatibility to handicapped requirements.
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Ease of manufacturing and construction of interconnected locks is likely to lead manufacturers in rising production of these locks.
Highlights from the Report
The tubular locks are expected to be top selling product in the market, reflecting steady CAGR during the assessment period.
Stainless steel, by material type is likely to remain forefront in the mechanical locks market, securing over US$ 2,400 Mn by the end of 2022.
Grade level 2 mechanical locks will create an incremental opportunity of nearly US$ 600 Mn during the forecast period.
External facility security segment, by application type is expected to be most lucrative segment in the market, revenues from which will hold approximately one-fifth value share of the overall market.
North America will remain most attractive region in mechanical locks market throughout the assessment period.
Asia-Pacific excluding Japan region is estimated to contribute significantly in generation of revenues by the sales of mechanical locks globally.
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Competitive Landscape
Some prominent market players are expected to focus on cost-effectiveness in manufacturing mechanical locks by obtaining better quality raw materials through large supply chain. ECO Schulte GMBH & Co. KG, Serrature Meroni Spa, Dom Ronis, Allegion Plc, Picard-Serrures, Winkhaus Austria Gmbh, Dormakaba Holdings AG, Yale Security Inc., The Eastern Company, and ASSA ABLOY AB (key subsidiary - Mul-T-Locks) are some leading market players in the competitive landscape of the market throughout the assessment period.
Global Engineering Services Outsourcing Market (ESO) was valued US$ 190.43 Bn in 2017 and is expected to reach US$ 630 Bn by 2026, at a CAGR of 16.15% during a forecast period.
In terms of application, the global engineering services outsourcing (ESO) market is classified into aerospace, automotive, construction, consumer electronics, semiconductors, pharmaceuticals, telecom, and others.
The increased global competition has increased the need for cost reduction, among companies across several industries.
The market trend of companies outsourcing engineering services is anticipated to grow in the upcoming years, as offshore options are rising particularly in India for supporting cost-cutting efforts.
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8 Nov 2018 – Global Battery Market is expected to reach USD 132.55 billion by 2024.It is made up of three key constituents like electrolyte, anode, and cathode.
Batteries that must be thrown away after use are termed as primary batteries; whereas the batteries that can be recharged are termed secondary batteries.
The Battery Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Low cost of raw materials, growth in need for security of energy supply, emerging several novel applications for batteries, technological enhancement, and growing disposable income are documented as major factors of Battery Market that are estimated to enhance the growth in the years to come.
However, presence of alternatives like diesel generators and fuel cells may restrain overall Battery Market growth in the coming years.
Global medical aesthetics market is projected to reach $19,419.7 million by 2023, growing at a CAGR of 12.2% during 2017 - 2023.According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.
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Geographically, North America has been the largest market for medical aesthetics, with the U.S. being the largest contributor to the regional market. North America is considered as the platform for innovation in aesthetics procedures, since a majority of established and upcoming market players are either headquartered or have a significant geographical presence in the region. The emerging economies of Asia-Pacific, especially China and India, are expected to grow tremendously in future, which will make Asia-Pacific the second largest market in the coming years. Asia-Pacific is expected to outpace Europe in in terms of medical aesthetics market size by 2020.
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There have been many technological innovations and advancements taking place in the medical aesthetics market. The latest advancements in the laser technology have led to an increased number of its applications in medical aesthetics. These advancements in laser provide benefits such as, small incisions, decrease in the intensity of pain and fast recovery after the procedure. There has been a notable increase in the application of laser technology for various aesthetic treatments, such as hair removal, skin rejuvenation and body contouring, which is bolstering the global medical aesthetics market.
Some of the other key players in the market include Allergan Plc, Valeant Pharmaceuticals International, Inc., ZELTIQ Aesthetics, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd., Merz GmbH & Co. KGaA, Galderma S.A., Syneron Medical Ltd., Cynosure, Inc., Photomedex, Inc. and Lumenis Ltd.
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