U.S. Liquid Waste Management Market To Reach $29.8 Billion By 2030

 November 2023 | Report Format: Electronic (PDF)

U.S. Liquid Waste Management Market Growth & Trends

The U.S. liquid waste management market size is expected to reach USD 29.8 billion by 2030, registering a CAGR of 1.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth in demand for onsite treatment and waste management facilities is likely to drive the growth of the market over the forecast period.

According to the U.S. Environmental Protection Agency (EPA), around 20% of facilities in small communities have improper wastewater treatment. The government is taking initiatives to improve the sanitation systems in rural areas that are not connected to the central wastewater sewer networks.

Additionally, rising environmental and public health safety concerns are anticipated for the implementation of stringent rules and regulations that are likely to increase the demand for onsite as well as offsite wastewater treatment plants. For instance, U.S. EPA revised the regulations of poultry, metal finishing, and textile industry with new effluent limitations in September 2021.

Moreover, technological developments and new investments in the wastewater treatment infrastructure are likely to drive the growth of the country’s waste management capabilities. For instance, there are around 32 new construction projects for treatment plants in North America. The City of Evansville, Indiana, is planning the construction of a new treatment plant with an investment of USD 177 million. It is expected to complete by 2025.

The COVID-19 outbreak had a mixed impact on the growth of the waste management market. While due to the limited manufacturing activities during lockdowns, industrial waste generation declined and residential water usage increased which led to the residential water generation spike. Over the forecast period, with the resumption of industrial activities, the market is anticipated to witness strong growth.

Companies in the industry are focusing on mergers & acquisitions, joint ventures, product launches, and expansions to increase market penetration. For instance, in April 2022, Skanska signed a contract with R.J. Industries, Inc., as a part of a joint venture to work at a wastewater resource recovery facility in NY, USA, which will enhance the capacity of the city wastewater management.

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U.S. Liquid Waste Management Market Report

U.S. Liquid Waste Management Market Report Highlights

• The centralized waste treatment (CWT) facilities segment held the largest revenue share of over 77.6% in 2023. Centralized treatment plants are large-scale facilities that treat wastewater and serve large municipal or regional areas
• Commercial sector is anticipated to witness a significant CAGR over 2.0% from 2024 to 2030, attributed to the growing number of cafes, restaurants, offices, medical facilities, recreational centers, etc.
• Municipal source segment held the largest revenue share of over 71.1% in 2023. The municipal segment comprises residential and commercial wastewater, which includes cooking, bathing, washing, etc.
• The treatment segment held a revenue share of over 51.7% in 2023, attributed to the development of new technologies and rising infrastructure for treatment facilities
• In April 2021, Veolia and Suez announced coming to an agreement and the merger of the two companies, with the majority of Suez shareholders will be French. This is expected to help Veolia to expand in new verticals and geographies

U.S. Liquid Waste Management Market Segmentation

Grand View Research has segmented the U.S. liquid waste management market on the basis of on category, waste type, source, and services:

U.S. Liquid Waste Management Category Outlook (Revenue, USD Billion, 2018–2030)

• CWT
• Onsite Facilities

U.S. Liquid Waste Management Waste Type Outlook (Revenue, USD Billion, 2018–2030)

• Residential
• Commercial
• Toxic & Hazardous Waste
• Organic & Non-Hazardous Waste
• Industrial
• Toxic & Hazardous Waste
• Organic & Non-Hazardous Waste
• Chemical Waste

U.S. Liquid Waste Management Source Outlook (Revenue, USD Billion, 2018–2030)

• Municipal
• Textile
• Pulp & Paper
• Iron & Steel
• Automotive
• Pharmaceutical
• Oil & Gas
• Others

U.S. Liquid Waste Management Services Outlook (Revenue, USD Billion, 2018–2030)

• Collection
• Transportation/Hauling
• Treatment
• Disposal/Recycling

List of Key Players in the U.S. Liquid Waste Management Market

• Veolia
• Waste Management Solutions
• Clean Harbors
• Clean Water Environmental
• DC Water
• Covanta Holding Corporation
• Stericycle, Inc.
• US Ecology, Inc.
• Republic Services, Inc.
• Hazardous Waste Experts

U.S. Voice Recognition Market To Reach $8.02 Billion By 2030

 September 2024 | Report Format: Electronic (PDF)

U.S. Voice Recognition Market Growth & Trends

The U.S. voice recognition market demand is expected to reach USD 5.02 billion by 2030, registering a 9.7% CAGR from 2023 to 2030 according to a new study by Grand View Research, Inc. The growing demand for self-service applications such as voice-based biometric identification in the banking sector is anticipated to drive market growth in the near future. The increasing number of users of mobile banking applications for banking transactions is also expected to positively influence the growth of the U.S. market in the near future. An alarming rise in fraudulent banking activities in the U.S. is a major factor driving the adoption of high-end security measures, such as voice-based biometrics, in banking organizations.

The integration of the technology in automobiles is gaining popularity across the globe as numerous countries are developing stringent driving regulations such as banning the use of cell phones while driving vehicles. It is estimated that by 2020, more than 50% of the world’s cars would be equipped with in-car voice recognition systems with features such as placing a call or changing music using verbal commands. The trend is also likely to be strong in the U.S., thus driving the U.S. market for voice recognition.

In addition to this, voice commands help drivers keep their eyes on the road even when accessing applications such as car navigation or in-car infotainment system while driving. Whereas, speech destination entry helps drivers to follow the route correctly while keeping their eye on the road, manually entering data into a navigation system can result in significant safety risks. Owing to the rising demand globally, manufacturers of consumer devices are focusing on innovating their products by enabling verbal commands in them. This trend is expected to accelerate the growth of the U.S. voice recognition market over the forecast period.

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U.S. Voice Recognition Market Report

U.S. Voice Recognition Market Report Highlights

• The automotive vertical accounted for a significant market share in the U.S. market for voice recognition in 2022 owing to rising popularity of in-car infotainment systems enabled by verbal commands. The technology is also being increasingly used in the automotive industry to improve verbal navigation systems, such as updating the car driver with traffic conditions on the route and also suggesting alternative routes
• The banking and financial vertical is expected to register the highest CAGR over the forecast period owing to the rising adoption of voice-based biometric authentication for performing banking transactions. Several financial institutes such as HSBC and Wells Fargo are in the process of enabling verbal command features in their banking applications
• Applications in the consumer vertical are gaining traction and the vertical is likely to witness promising growth prospects over the forecast period. Advanced security systems are increasingly being integrated with voice recognition technology to help the user give verbal commands for activities such as adjusting thermostats, turning on and turning off lights, and identifying residents and reporting intruders

U.S. Voice Recognition Market Segmentation

Grand View Research has segmented the U.S. voice recognition market report on the basis of vertical:

U.S. Voice Recognition Vertical Outlook (Revenue, USD Million, 2017–2030)

• Automotive
• Enterprise
• Consumer
• Banking, Financial Services & Insurance
• Government
• Retail
• Healthcare
• Military
• Legal
• Education
• Others

List of Key Players in U.S. Voice Recognition Market

• Advanced Voice Recognition Systems, Inc.
• Nuance Communications Inc.
• Amazon.com, Inc.
• Keda Xunfei Co., Ltd.
• Apple Inc.
• Baidu, Inc.
• Google LLC
• International Business Machines Corporation
• M2SYS Technology
• LumenVox
• Microsoft

U.S. BDSM Sex Toys Market Size To Reach $2.4 Billion By 2030

 September 2024 | Report Format: Electronic (PDF)

U.S. BDSM Sex Toys Market Growth & Trends

The U.S. BDSM sex toys market size is expected to reach USD 2.4 billion by 2030, based on a new report by Grand View Research, Inc. The market is projected to register a CAGR of 8.13% from 2024 to 2030. The growth can be attributed to growing popularity of e-commerce and growing consumer awareness regarding these products. Moreover, lower cost of these products is expected to boost demand for BDSM sex toys in the U.S.

Many companies are involved in developing products that provide a more realistic experience. They also offer sales and offer discounts on products to have a competitive edge. For instance, in October 2021, Lovehoney Group launched an exclusive collection of bondage boutique and sex toys, including Bondage Boutique Leopard collection with blindfolds, paddles, floggers, cuffs, and others.

Restraints are gaining popularity in the U.S. and are most used products in the country. For instance, according to Ask Eva survey of October 2020 by Le Wand, around 89.36% of the respondents in the U.S. were interested in restraint sex toys such as ropes, gags, and cuffs. Moreover, around 61.53% of the respondents used restraint toys.

Consumers are becoming comfortable speaking regarding BDSM/Kink/Fetish activities. As per a National Coalition for Sexual Freedom Consent Survey Report of 2020, in the U.S ., around 80.4% of respondents are comfortable speaking about BDSM activities with their partners, around 64.0% participants with friends, around 67.7% with alternative sex members, and around 11.8% with family members.

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U.S. BDSM Sex Toys Market Report

U.S. BDSM Sex Toys Market Report Highlights

• Based on type, restraints segment held largest revenue share in 2023. This can be attributed to growing popularity of restraints and lower cost of products compared to bondage furniture, electrostimulation products, and sex machines
• Sensory deprivation was second-most preferred sex toy used during BDSM practice, with around 44.7% of people using it and about 83.0% of individuals interested in using it, as per the Ask Eva Survey in October 2022
• Many market players are seeking manufacturing of BDSM sex toys from private-label OEM companies such as Sportsheets, XR Brands, Adult Private Label, and sextoysfactory.com, whereas companies such as Doc Johnson Enterprises manufacture their products
• Rising importance of return policy is leading to a competitive advantage as it aids in increasing customer loyalty and helps customers in reducing the perceived risk while deciding to buy the toy
• Moreover, customers are shifting toward technologically advanced, innovative sex machines from traditional penetrative or extractive sex toys. Hence, companies are launching customizable human-like robots or machines for sexual intercourse

U.S. BDSM Sex Toys Market Segmentation

Grand View Research has segmented the U.S. BDSM sex toys market based on type and distribution channel:

U.S. BDSM Sex Toys Type Outlook (Revenue, USD Billion, 2018–2030)

• Restraints
• Bondage Furniture
• Sex Machines
• Electrostimulation Products
• Sensory Deprivation
• Physical Stimulation

U.S. BDSM Sex Toys Distribution Channel Outlook (Revenue, USD Billion, 2018–2030)

• E-commerce
• Specialty Stores
• Mass Merchandizers

List of Key Players in the U.S. BDSM Sex Toys Market

• Lovehoney Group Ltd.
• Doc Johnson Enterprises
• Unbound
• PHE, Inc. (Adam & Eve)
• California Exotic Novelties
• Pipedream Products
• Mr. S Leather
• The Stockroom (JTT, Co.)
• Extreme Restraints (XR LLC)
• Kink Store

U.S. Contrast Media Market Size To Reach $3.36 Billion By 2030

 September 2024 | Report Format: Electronic (PDF)

U.S. Contrast Media Market Growth & Trends

The U.S. contrast media market size is expected to reach USD 3.36 billion by 2030, registering a CAGR of 4.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing burden of chronic diseases is creating a demand for diagnostic imaging procedures, which, in turn, is driving the market growth. Imaging tests, such as MRI, have become an integral part of the diagnosis for most diseases, and large-scale penetration of imaging technology in healthcare has increased the demand for contrast media in the U.S. market. Chronic diseases, such as cancer and diabetes, are rapidly becoming a major public health concern and are among the leading causes of death across the U.S., resulting in the need for early diagnostic tools and effective treatment options.

Hence, the increasing prevalence of complex comorbidities and long-term diseases is one of the major drivers of imaging tests and contrast agents; thus, contributing to the market growth. The COVID-19 outbreak had a negative impact on the market due to decreased patient visits to hospitals. Many radiology departments experienced a rapid decline in imaging case volume. However, many states in the U.S. have begun to reopen their economies; however, it will take time for the utilization rate of contrast media to reach pre-pandemic levels. In addition, with the launch of COVID-19 vaccines and ease in restrictions, the import and export of raw materials have resumed. This, in turn, therefore, is expected to boost the market growth over the forecast period.

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U.S. Contrast Media Market Report

U.S. Contrast Media Market Report Highlights

• Imaging tests, such as MRI, have become an integral part of the diagnosis for most diseases, and large-scale penetration of imaging technology in healthcare has increased the demand for contrast media in the U.S. market
• The iodinated contrast media dominated the market and held the largest market share of over 60% in 2022 on account of excellent radio-opacity and low toxicity of iodinated contrast media than other agents
• The X-ray/CT segment dominated the market and held the largest market share of around 65% in 2022. Wide acceptance and cost-efficiency of X-ray/CT modality boost the adoption of contrast agents for this modality
• The rising demand for imaging procedures has resulted in extensive R&D activities by contrast media manufacturers to launch novel products in the market and to get approved for new indications
• For instance, in 2021, Bracco got the U.S. FDA approval for 20-vial pack configuration of Lumason, which is an ultrasound contrast media agent

U.S. Contrast Media Market Segmentation

Grand View Research has segmented the U.S. contrast media market on the basis of on type, modality, and application:

U.S. Contrast Media Type Outlook (Revenue, USD Million, 2018–2030)

• Microbubble Contrast Media
• Gadolinium-based Contrast Media
• Iodinated Contrast Media
• Barium-based Contrast Media

U.S. Contrast Media Modality Outlook (Revenue, USD Million, 2018–2030)

• Ultrasound
• Magnetic Resonance Imaging (MRI)
• X-ray/Computed Tomography (CT scan)

U.S. Contrast Media Application Outlook (Revenue, USD Million, 2018–2030)

• Cardiovascular
• Neurological Disorders
• Gastrointestinal Disorders
• Cancer
• Nephrological Disorders
• Musculoskeletal Disorders
• Others

List of Key Players of U.S. Contrast Media Market

• Bayer AG
• GE HEALTHCARE
• Guerbet
• Lantheus Medical Imaging, Inc.
• Bracco Diagnostic, Inc.
• Nano Therapeutics Pvt. Ltd.
• Trivitron Healthcare
• CMC Contrast AB
• IMAX Diagnostic Imaging