Automotive Air Filters Market Size – Likely To Have Improved Status In The Future

Automotive air filters are essential elements of automobiles. There are two kinds of automotive air filters. These are cabin air filters and intake air filters. The worldwide automotive air filters market was predicted near about USD 4 billion in 2013. It is anticipated to increase to about USD 5 billion by the end of the forecast phase. This increase is likely to happen at about 7 percent CAGR from 2013 to 2018 (forecast phase).

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Global automotive air filters market revenue, by product 2012-2020, (USD Million)

Escalating demand from automotives and boost in disposable earnings are expected to drive demand for the automotive air filters market. Cabin air filters stop dust from entering the cabin of the vehicle through the HVAC escape system. Intake air filters help in keeping foreign substances away from the incineration panel of the engine.

Increased acquaintance of clients with health disorders caused by contaminated air is anticipated to drive the automotive air filters market ahead. Differing standards of living and strict policies with respect to ejection of smoke and usage of vehicles are also anticipated to drive further demand for the market. Automobiles having air conditioned divisions are improving the automotive air filters market conditions.

Growing demand of air filters in vehicles, so that polluted smoke and dust particles can be avoided while driving, propels the automotive air filters market ahead. Passenger automobiles are the primary sector across which such air filters are used. Asia Pacific and Latin America account for large ownership of these automobiles. They, thus, drive the demand for their automotive air filters markets.

Escalating disposable earnings in China, Brazil and India have led to increased ownership of automobiles. This in turn has improved the automotive air filters market conditions in these regions. Also, the growing need to install air filters in automobiles in spite of them being air conditioned or not, also increases the worldwide market.

The automotive air filters market is segmented further on the basis of product kinds and geographical regions.

Automotive Air Filters Market

Information Source: Grand View Research


Mobile Wallet Market Size – Expanding In The Future

Mobile wallet enables clients to make payments through the phone while travelling. Cleints can do the same from any place at any time. The worldwide mobile wallet market is estimated to hit a revenue size of almost USD 5, 250 billion in 2020. It is projected to rise through the predicted phase, at almost 127 percent CAGR. The predicted phase continues from 2013 to 2020.

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Global mobile wallet market by application, (USD Billion), 2012 – 2020

The mobile wallet market is expected to be propelled ahead in the future by some factors. Increased consciousness with regard to mobile wallets and their applications, growing safety measures and enhanced infiltration of smart phones are anticipated to drive demand for this market. The market is experiencing worldwide expansion, with growing implementation of mobile payment services.

It is also experiencing major development owing to the availability of better payment options to clients. More than 70 percent of the users of smart phones are keen on implementing mobile payment procedures. Almost 15 percent of these have already followed these procedures. Nonetheless, the inability of clients to make payments owing to no power or battery in their phones, hinders the mobile wallet market.

This market is segmented on the basis of functionalities, consumer kinds, components, geographical regions and industrial contributors. On the basis of functionality, the mobile wallet market is divided into multi function, single function and universal function. Online shoppers, cash players and card users are the three kinds of consumers in the market.

Software, hardware and services are the three components. On the basis of regions, the worldwide mobile wallet market is segmented into Asia Pacific, North America, Latin America and EMEA (Europe, the Middle East and Africa). The industrial contributors of the mobile wallet market include payment network, fiscal organizations, clients, merchants, mediators and MNOs.

Increase in the consumption of mobile data also promotes the mobile wallet market.

Mobile Wallet Market

Information Source: Grand View Research


Medical Gas Equipment Market Share – Expected To Grow In The Near Future

The medical gas equipment market has huge potential for further growth. This is owing to escalating population of the aged. Consequential augmentation in chronic breathing illnesses and innovations in pharmaceuticals also drive the market. However, periodically altering regulatory concerns with respect to medical gas policies result in high costs. These concerns appear to prevent the medical gas equipment market from growing further.

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Global medical gas equipment market, by product, 2012 – 2020 (USD Million)

Apart from structural drivers the market has, there are some geographic components also which drive it forward. Rising economies are gradually getting more attractive. The region of Asia Pacific is a highly capable medical gas equipment market. Budding nations, like China and India have high CAGR figures and are anticipated to witness imperative market development. This owes to increase in respiratory diseases and augmentation in medical infrastructure and per capita returns.

The medical gas equipment market has witnessed a standard shift in the use of technologically developed and enhanced products. This has led to growth in the market. The market has even witnessed widespread development in the last few years. Worldwide scarcity of helium hinders market growth to a certain extent. The market is fragmented on the basis of applications, products and geographical regions. It is estimated to rise during the predicted phase, at about 7 to 8 percent CAGR.

Growing population and rising chronic diseases also drive the medical gas equipment market. Additionally, boost in health consciousness among people, supported by increased medical investments in developing nations is expected to add revenue to the market. North America leaded the market in 2012. It is expected to remain likewise till 2018. 2013 to 2018 remains the predicted phase. North America occupies share worth 40 – 45 percent in the worldwide medical gas equipment market.

Increasing demand for permanent medical services in the coming years is expected to remain the biggest propeller of the North American market. The medical gas equipment market of Europe follows the former and accounts for around 33 percent of the share.

Medical Gas Equipment Market Share

Information Source: Grand View Research


Sleep Apnea Devices Market Size – Estimated To Rise Through The Projected Phase

Problems with sleeping are quite common and are also referred to as a worldwide epidemic. Sleep apnea is one such problem. Obstructive sleep apnea is very prevalent. About eighty four percent of those afflicted with sleep apnea are detected with obstructive sleep apnea. Research has shown that there are around hundred million obstructive sleep apnea cases in the world and eighty percent out of them remains undetected.

The sleep apnea devices market is new and is achieving momentum with time. This momentum is taking place at a quick rate, particularly in urbanized geographical regions. The sleep apnea devices market demand is predicted to augment at a quicker rate. This is owing to growing consciousness among patients and doctors about this illness.

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The market is experiencing extraordinary development across the globe owing to massive need for advanced methodologies of treatment. It is necessary for people to sleep well in order to make sure that they remain healthy. The rapid expansion of the medical devices industry is considered to be a major component, driving demand for the sleep apnea devices market.

The sleep apnea devices market was found worth about USD 3, 805 million in 2012. It is estimated to increase from 2013 to 2019, at about 8 percent CAGR. The quick innovations in technology and growing consciousness regarding sleep apnea are anticipated to offer huge prospects of improvement to the market. The sleep apnea devices market is expected to witness maximum development over the projected period.

Not agreeing to resort to these devices for treatment, heavy uneasiness and consistency of remedial devices are expected to prevent the approval of sleep apnea devices. This is likely to prevent the sleep apnea devices market from growing further. North America occupied the biggest share in the market in 2012. It was trailed by Europe in the same year. Both these continents accounted for the lion’s share in the sleep apnea devices market.

This is owing to growing sleep apnea cases, rising awareness about them and increasing acceptance of sleep apnea devices.

Sleep Apnea Devices Market Size

Information Source: Grand View Research