Cryogenic Equipment Market Is Expected To Reach USD 25.05 Billion By 2022: Grand View Research, Inc.

The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022, according to a new report by Grand View Research, Inc. Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG being an extremely low emission fuel is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand.

Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period.

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

Further key findings from the report suggest:

• Tanks accounted for over 55% of the overall revenue in 2014. The need to store gases for several critical industrial processes as against conventional cooling lubricants (CLFs) is anticipated to drive the product demand over forecast period.
• Storage segment contributed over 65% of the overall revenue and is projected to display substantial growth with a CAGR exceeding 8% from 2015 to 2022. It provides a consistent and accurate temperature for storage and is expected to play a vital role in driving demand.
• Growth in the power & energy segment can be primarily attributed to rapid industrialization and several government initiatives. The segment accounted for over 20% of the revenue in 2014.
• Asia Pacific emerged as a dominant region with market size over USD 4.0 billion in 2014. The quest for Liquefied Natural Gas (LNG) in Asia Pacific is expected to drive growth over the forecast period, making it the highest revenue generating region.
• North America cryogenic equipment market is anticipated to experience significant growth over the forecast period. The North American food & beverage industry has witnessed a substantial growth over the last few years; a trend anticipated to provide an impetus for future market growth.
• Key market participants include Cryo pure, Packo Industry, Cryofab, Shell-N-Tube, Cryodepot, and Taylor-Wharton International LLC. Industry participants strive to focus on innovation and technical knowledge while simultaneously trying to own several patents and trademarks along with R&D activities. Purveyors abide by regulations such as DOE 6430.1A, DOE 5481.1B, DOE 5700.6C, CGA Pamphlet P-1, CGA Pamphlet S-1.1, ASME, and ASME B31.3 to manufacture safe and functional equipment.

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Grand View Research has segmented the global cryogenic equipment market based on product, gas, application, end-use, and region:

Cryogenic Equipment Product Outlook (Revenue, USD Million; 2012 - 2022)

·         Tank

·         Valve

·         Pumps & Vaporizers

·         Vacuum Jacketed Piping (VJP)

·         Others

Cryogenic Equipment Gas Outlook (Revenue, USD Million; 2012 - 2022)

·         Nitrogen

·         Oxygen

·         Argon

·         Natural Gas

·         Others

Cryogenic Equipment Application Outlook (Revenue, USD Million; 2012 - 2022)

·         Distribution

·         Storage

Cryogenic Equipment End-Use Outlook (Revenue, USD Million; 2012 - 2022)

·         Oil & Gas

·         Metallurgy

·         Electronics

·         Power & Energy

·         Food & Beverage

·         Healthcare

·         Marine

Cryogenic Equipment Regional Outlook (Revenue, USD Million; 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

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Oil Free Air Compressor Market To Represent USD 15.2 Billion Opportunity Globally by 2025: Grand View Research, Inc.

The global oil free air compressors market is expected to reach USD 15.2 billion by 2025, according to a new report by Grand View Research, Inc. Air compressors are heavily used in manufacturing applications, for instance, oil-free air is directly used in various locations as a power source for manufacturing machines. A strong demand from the food & beverage sector, owing to the mandatory health & safety requirements, is expected to drive the oil free air compressors market growth over the forecast period.

Industries such as manufacturing are espousing economical manufacturing methods so as to drive profitability. The surging demand for these systems from operative energy dissemination solicitations due to cost optimizing features is predicted to fuel the industry growth. Factors such as lower installation and maintenance cost are expected to positively elevate the industry growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/oil-free-air-compressors-market

Further key findings from the report suggest:

• On account of benefits including light-weight and durability the portable oil free air compressors emerged as a dominant segment in 2015, a trend anticipated to continue towards the end of the forecast period.
• Centrifugal oil free air compressors segment is expected to witness rapid growth from 2016 to 2025, which is primarily ascribed to their ability to reduce carbon footprint ensuring clean and reliable air supply.
• The manufacturing sector captured the largest share in 2015; however, home appliances followed by oil & gas segment are anticipated to witness fastest growth owing to the criticality of these products, wherein even a droplet of oil result into the production equipment spoilage.
• Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 4.0% over the forecast period, mainly on account of rapid industrialization and expanding manufacturing sector.
• The market is fragmented in nature and the key purveyors comprise Atlas Copco, Ingersoll Rand, Gardner Denver, General Electric and Bauer Group among others, wherein mergers & acquisitions along with technologically advanced product development remain to be the key strategies adopted to gain competitive advantage.

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Grand View Research has segmented the oil free air compressors market on the basis of product, technology, application and region:

Oil Free Air Compressors Product Outlook (Revenue, USD Million; 2014 - 2025)

·         Portable

·         Stationary

Oil Free Air Compressors Technology Outlook (Revenue, USD Million; 2014 - 2025)

·         Reciprocating

·         Rotary/Screw

·         Centrifugal

Oil Free Air Compressors Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Manufacturing

·         Semiconductor & Electronics

·         Food & Beverage

·         Healthcare

·         Home Appliances

·         Energy

·         Oil & Gas

·         Others

Oil Free Air Compressors Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

For press release of this report - http://www.grandviewresearch.com/press-release/global-oil-free-air-compressors-market

Parking Management Market Is Expected To Reach USD 8,438.4 Million By 2024: Grand View Research, Inc.

The global parking management market size is expected to reach USD 8,438.4 million by 2024 according to a new study by Grand View Research, Inc. The increased public sector funding and constructive government initiatives are presumed to strengthen the global parking management industry growth. The market is anticipated to experience a surge in the demand for parking management solutionsin the commercial and government application segments and is expected to propelthe industry growth.

The emergence of smart parking systems helps inefficiently addressing the traffic woes and parking-related issues. The system helps in minimizing fuel usage and consequently reducesautomobile emissions. The industry is expected to gain tractiondue to thedevelopment of systems with sophisticated features such as handicapped parking, auto-payment options, and voice guidance enabled through mobile phone applications.

An increasing number of vehicles is impacting the availability of parking lots and is consequently fueling the demand for implementing parking management solutions across the globe. The systems help in making the cities cleaner, greener, and compact. The growing smartphone penetration will benefit the industry by increasing its reach. These parking mobile applications are expected to offer local businesses an opportunity to attract their most potential customers and provide them with the best offers for customers looking for parking.

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

Further key findings from the study suggest:

• The government application segment dominated the global parking management industry accounting for over 60% of the market share in 2015. The rising demand for minimizing vehicular emissions and effectively managing on-road automotive is expected to trigger the wide-scale adoption of parking management solutions in the government sector
• The North America regional market accounted for 40% of the overall revenue share in 2015. The rising interest of automobile manufacturers in the U.S. and Canada to develop parking management systems is projected to fuel growth in the region
• The demand for the parking reservation management solution segment accounted for 15% of the overall market share in 2015.This demand is expected to increase in the metropolitan cities as vehicle ownership is increasing, which is leading to parking problems. The parking reservation management reduces traffic congestion issues due to better parking space, reduced search time, cost for parking spaces, and increased parking revenue
• The service segment accounted for 18% of the global market share in 2015. The parking management solution providers, mobile payment companies, and parking data aggregators are changing the way parking is seen by the end-users and operators. This segment includes revenue generated from consultancy services, engineering services, and revenue generated by companies offering parking services through the mobile application. The segment is expected to be the fastest-growing component segment
• ·         The key players in the industry include Amano, 3M, Cubic Corporation, Swarco AG, Siemens AG, Kapsch TrafficCom, Xerox Corporation, and IBM Corporation

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Grand View Research has segmented the global parking management market on the basis of application, parking site, component, solution, and region:
 
Parking Management Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Transport transit

·         Government

·         Commercial

Parking Management Parking Site Outlook (Revenue, USD Million, 2014 - 2024)

·         On-street

·         Off-street

Parking Management Component Outlook (Revenue, USD Million, 2014 - 2024)

·         Hardware

·         Software

·         Service

Parking ManagementSolution Outlook (Revenue, USD Million, 2014 - 2024)

·         Access control

·         Security & surveillance

·         Revenue management

·         Parking reservation management

·         Valet parking management

·         Others

Parking Management Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-parking-management-market

Password Management Market To Gain From Augmented Demand In Banking And Retail Sectors Till 2020: Grand View Research, Inc.

A password is a string of characters that enable users to gain access to an interface, computer or system. Passwords provide a line of defense against unauthorized access. A password manager is a software application that helps users to organize and manage their passwords. Password management is not just beneficial for individuals but also for enterprises. Often companies require that the passwords are reset after regular intervals which may be tedious for some employees.
The increasing number of complex systems and strict rules for creating and changing passwords has heightened the need for a password management solution among enterprises. Forgotten and hacked passwords may cause a delay and loss for the individual or the enterprise. These issues can be overcome with a password management solution. Password management solutions may be self-service or privileged. Self-service solutions enable employees to reset the password on their own without the need for any helpdesk. Privileged password management solutions maintain passwords through methods such as session recording, frequent randomization, and automated resets. The increasing need for securing valuable data has increased the demand for password management solutions.

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

The password management market is expected to witness strong growth in the coming years. This may be attributed to the growing number of password protected accounts and rising number of associated cyber threats. Key drivers for the market’s growth are the strict regulatory compliance and increasing the number of password reset mechanisms. However, the low success rate of such projects and growing customization requirements could pose a restraint for the market’s growth. Use of cloud technology and development of attractive pricing models may provide a substantial growth opportunity for the global market.

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Password management solutions can either be on-premise or hosted. On-premise systems provide more control and customization. They are easy to manage but require sufficient maintenance. Thus, hosted models are preferred over the on-premise ones. The growing demand for cloud technology is expected to boost the market for hosted model based password management solutions.
End-use industries include banking, financial services and insurance (BFSI), education, energy, healthcare, manufacturing, retail and wholesale distribution, telecom and IT and others. Such industries have a network of complex systems that are widely password protected so that access is granted only to authorized individuals. Password management solutions help to improve security and productivity and also reduce congestion at helpdesks. Privileged password management solutions help to mange passwords of privileged accounts.

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