U.S. Retractable Roofing System Market To Reach $1.19 Billion By 2030

 November 2024 | Report Format: Electronic (PDF)

U.S. Retractable Roofing System Market Growth & Trends

The U.S. retractable roofing system market size is expected to reach USD 1.19 billion by 2030 with a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Retractable roofing systems are innovative outdoor living solutions designed to enhance the functionality and comfort of outdoor spaces by providing adjustable shelter and protection. These systems provide an option to extend or retract the canopy or roof that can be used as needed.

Retractable roofing systems play a crucial role in enhancing comfort and adapting to various weather conditions. In scorching summer weather, these systems offer shade, reducing the need for excessive cooling. Conversely, during colder months, they act as a barrier against chilly winds, helping maintain a warm and inviting ambiance in outdoor settings. This versatility has led to a surge in the adoption of retractable roofs in both residential and commercial settings.

Furthermore, the integration of retractable roofing systems allows users to expand their indoor living or commercial spaces by seamlessly connecting them with outdoor areas. Commercial establishments can increase their seating capacity, providing more options for customers, while homeowners gain extra room for leisure, entertainment, and social gatherings. This expansion often leads to an increase in property values and the potential for businesses to generate additional income.

Retractable roofing systems offer a wide range of options in terms of design, materials, and styles, enabling users to tailor their outdoor spaces to align with their specific aesthetic tastes and architectural motifs. Their sleek and contemporary look has the potential to elevate the visual allure of properties, rendering them more welcoming and appealing to residents, guests, and potential purchasers. These elements have proven advantageous to the market and are poised to drive the demand for retractable roof systems in the foreseeable future.

The restrictions imposed by the governments of North America amid the outbreak of COVID-19 in 2020–2021 created new growth opportunities for the U.S. outdoor living structures market that triggered the demand for retractable roofing systems in the country. This trend is expected to continue in the coming years as well due to the increased preference for working remotely witnessed among the young working population of the U.S. It is expected to contribute to the demand for retractable roofing systems in residential applications in the country in the coming years.

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U.S. Retractable Roofing System Market Report

U.S. Retractable Roofing System Market Report Highlights

• Based on the retractable roof type, the retractable awnings segment led the market with the highest revenue share of 78.0% in 2022. The growth can be attributed to the rising consumer preference for outdoor seating spaces such as decks and patios. Surging consumer spending on outdoor living spaces is expected to fuel the demand for retractable awnings in the U.S. in the coming years
• The retractable louvered roof segment is expected to grow at the highest CAGR of 5.4% over the forecast period. Louvered roofs can adapt to changing environments with the help of their smart sensors without using any remote control to operate the louvers of these roofs. In addition, they offer a wide range of features, as well as provide a modern and sophisticated look to outdoor living structures
• Based on application, the residential segment was valued at USD 499.5 million in 2022. The rising demand for retractable roofing systems, primarily driven by the growing inclination of people to enjoy outdoor experiences has sparked a surge in outdoor activities, such as al fresco dining, entertainment, and relaxation

U.S. Retractable Roofing System Market Segmentation

Grand View Research has segmented the U.S. retractable roofing system market based on retractable roof type, and application:

U.S. Retractable Roofing System Retractable Roof Type Outlook (Revenue, USD Million, 2018–2030)

• Retractable Glass Roof
• Retractable Louvered Roof
• Retractable Fabric Roof
• Retractable Awnings

U.S. Retractable Roofing System Application Outlook (Revenue, USD Million, 2018–2030)

• Residential
• Non-residential

List of Key Players in the U.S. Retractable Roofing System Market

• Pergola Roof
• ShadeFLA
• OpenAire
• Infinity Canopy, Inc.
• KE USA Inc.
• L.I.TRA. USA
• Roll-A-Cover, LLC
• Struxure
• Corradi USA
• AZENCO INTERNATIONAL
• Rollamatic Illuminate Living
• RETRACTABLE ROOF SYSTEMS

U.S. Biochar Market Size To Reach $478.5 Million By 2030

 November 2024 | Report Format: Electronic (PDF)

U.S. Biochar Market Growth & Trends

The U.S. biochar market size is expected to reach USD 478.5 million by 2030, with an estimated CAGR of 11.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The industry growth is majorly driven by the rising need for soil remediation and the ascending demand for organic food in the country. Increased population density and human activities such as the rise in infrastructure and industrial development have led to the degradation of soil. Some of the major causes of declined soil quality include deforestation, overgrazing, industrialization, increased agricultural activities, and natural calamities.

According to the Earthworm Foundation, in 2021, the United States faced a significant issue with soil erosion, which resulted in an estimated cost of $67.00 billion. This cost, known as externality, is not directly paid by farmers or businesses but is often shouldered by the public sector, consumers, and future generations. Furthermore, the effects of climate change have exacerbated the challenges faced by conventional agricultural supply chains in the U.S., leading to record low wheat harvests in 2021 due to drought and a significant portion of sugar beets in a critical production region going unharvested in 2019 due to flooding.

These factors have generated the need for soil remediation, especially for agricultural purposes.Biochar is considered one of the most effective and safe products for soil remediation. The addition of biochar provides nutrients such as phosphorus, potassium, calcium, nitrogen, and magnesium required for plant growth. The product also improves the nutrient absorption of plants and the water-retaining capacity of the soil. Thus, the growing soil remediation in the U.S. is driving the demand for products over the period.

However, lack of awareness among farmers regarding biochar and its advantages as compared to other fertilizers is a major concern. Most of the farmers are still using synthetic pesticides for crop protection, soil amendment, and enhancement of plant growth. Factors such as the lack of consistent production standards, and varying product prices restrict the market growth. Thus, end-users including fertilizer manufacturers and farmers must be educated by soil scientists and horticulturalists about the potential benefits of using biochar. Awareness regarding the product can be increased among them via farm planning & management, crop advisors, and representatives from various seed companies.

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U.S. Biochar Market Report

U.S. Biochar Market Report Highlights

• The biochar market growth can be attributed to the increasing demand for the product from agriculture industries as it is a carbon-rich, stable form of charcoal, derived from natural resources. It is thus a suitable choice in organic farming practices as it helps in increasing carbon content in the soil and is responsible for enhancing microbial activity which further results in augmenting crop productivity
• Based on technology, the gasification segment emerged significantly with a CAGR of 11.4% in 2022. Gasification technology not only produces biochar but also generates syngas, which can be used as a source of renewable energy. The syngas can be further processed to produce heat, electricity, or biofuels, providing an additional revenue stream and promoting sustainable energy production
• Based on application, the animal-feed segment emerged significantly with a CAGR of 11.1% in 2022. Biochar offers several benefits when included in animal feed including reduced methane consumption & chronic botulism, increased growth rate, improved immunity & digestion, and energy efficiency
• Companies in the U.S. market are coming up with the use of biochar in animal feed. In 2022, Pacific Biochar Benefit Corporation announced official approval of its biochar Commercial Feed License through the California Department of Food and Agriculture’s Commercial Feed Regulatory Program (CFRP). This approval helped the company strengthen its position in the animal feed market in California
• California emerged as the fastest-growing state with a CAGR of 12.1% in 2022. This growth is attributed to the surging agricultural activities, growing requirements for increasing crop yields, and rising awareness among farmers about the benefits of organic products

U.S. Biochar Market Segmentation

Grand View Research has segmented the U.S. biochar market based on technology, application, and state:

U.S. Biochar Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

• Pyrolysis
• Gasification
• Other Technologies

U.S. Biochar Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

• Agriculture
• Animal Feed
• Health & Beauty Products
• Other Applications

U.S. Biochar State Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

• California
• Texas
• Kansas
• Oklahoma
• Idaho
• Arizona
• Other States

List of Key Players in the U.S. Biochar Market:

• Black Owl U.S. Biochar
• Karr Group
• Aries Clean Technologies
• Pacific U.S. Biochar Benefit Corporation
• Advance Renewable Technology International (ARTI)
• Soil Reef LLC
• Avello Bioenergy
• Oregon U.S. Biochar Solutions
• New England U.S. Biochar
• Chargrow USA LLC

U.S. Magnetic Resonance Imaging Coils Market To Reach $1.60 Billion By 2030

 November 2024 | Report Format: Electronic (PDF)

U.S. Magnetic Resonance Imaging Coils Market Growth & Trends

The U.S. magnetic resonance imaging coils market size is expected to reach USD 1.60 billion by 2030, expanding at a CAGR of 8.76% from 2024 to 2030, based on a new report by Grand View Research, Inc. The market growth can be attributed to the rising burden of chronic disorders, such as cancer and cardiovascular disorders, in the U.S. For instance, according to the Heart Failure Society of America (HFSA), in the U.S., heart failure has become more prevalent. According to current estimates, heart failure affects about 6.5 million Americans over the age of 20. According to a study, 960,000 new cases of heart failure occur each year. Approximately 8.5% of all heart disease deaths in the U.S. are directly attributable to heart failure.

According to some estimates, heart failure is responsible for 36% of deaths from cardiovascular disease. High healthcare expenditures and a rising focus on healthcare infrastructure & government initiatives in the U.S. are driving the growth of the market. Health spending in the U.S. is projected to climb from USD 4.4 trillion, or USD 13,413 per person, in 2022 to USD 7.2 trillion, or USD 20,425 per person, by 2031. In addition, the federal government is also proactively initiating schemes and policies to make healthcare affordable and accessible to everyone. These initiatives include Medicare and Medicaid innovations, changes to the Affordable Care Act in 2020, and cost control initiatives to address high healthcare prices.

This leads to a preference for early disease diagnosis, which is expected to boost the market growth over the forecast period. Several market players are undertaking various initiatives, such as expansion, to strengthen their industry positions. These strategies enable companies to increase their capabilities, improve their competencies, and expand their product portfolios. For instance, in November 2022, Canon Inc. announced the establishment of a new subsidiary named Canon Healthcare USA, Inc., to accelerate its medical business. This initiative is expected to help drive the overall market growth.

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U.S. Magnetic Resonance Imaging Coils Market Report

U.S. Magnetic Resonance Imaging Coils Market Report Highlights

• In 2023, the radiofrequency coils segment dominated the market due to the growing use of radiofrequency coils in MRIs for the treatment of disease
• In 2023, the neurology segment captured the largest market share. This can be attributed to increased awareness about the importance of advanced magnetic resonance imaging (MRI) coils in diagnosing and treating neurological disorders
• In 2023, the hospitals end-use segment captured the highest share of the overall revenue due to increased hospital admissions related to chronic diseases, such as cancer, cardiovascular disease, and neurological disease
• Market players adopt this strategy to increase the reach of their products in the market and improve availability in diverse geographic areas

U.S. Magnetic Resonance Imaging Coils Market Segmentation

Grand View Research has segmented the U.S. magnetic resonance imaging coils market on the basis of product, application, and end-use:

U.S. MRI Coils Product Outlook (Revenue, USD Million, 2018–2030)

• Radiofrequency Coil
• Gradient Coil

U.S. MRI Coils Application Outlook (Revenue, USD Million, 2018–2030)

• Neurology
• Cardiovascular
• Spine & Musculoskeletal
• Pediatric
• Breast
• Abdominal
• Others

U.S. MRI Coils End-use Outlook (Revenue, USD Million, 2018–2030)

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers
• Others

List of Key Players in the U.S. Magnetic Resonance Imaging Coils Market

• Siemens Healthineers AG
• GE Healthcare
• Koninklijke Philips N.V.
• Canon Medical Systems Corporation
• ESAOTE SPA
• MR Instruments, Inc.
• RAPID MR INTERNATIONAL, LLC.
• SCANMED, LLC.
• BRUKER