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China Hotel Market is expected to be USD 136 Billion (Yuan 938 Billion) by the end of the year 2023.

China Hotel Market has grown significantly in recent years and is expected to continue to do so during the forecast period as well. With political and social stability, rapid economic growth, and the vast population base and natural resources, China have lured many multinational hotels, including the world’s leading hotel chains to its potentially huge market. With an estimated nearly 130 million of annual tourists arrival by the year 2020, the People’s Republic of China will be the world’s number one tourist destination; offering significant opportunities to the China Hotel Industry. Also; the number of Chinese inbound visitors also has grown affluent who are travelling more within the country also boosting the growth of China Hotel Market. According to Renub Research China Hotel Market is expected to be USD 136 Billion(Yuan 938 Billion) by the end of the year 2023

china hotel market

Growing China’s economy is encouraging more internal business travel, and these travellers need a hotel for their accommodation. Concomitantly, the Chinese government has also boosted holiday travel by releasing travel restrictions and further has introduced a five day work week, which offers generous vacation time. China Hotel Market is expanding further to meet the growing demand from both domestic and international travellers. China’s own hotel companies are comparatively small and immature when compared to foreign multinational companies. So, these domestic companies are increasingly acquiring hotel management contracts from foreign multinational hotel companies to get higher brand recognition and more profound local expertise to serve visitors better. 

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By Hotel Type – Mid Scale Hotel Market Dominates in the China Hotel Market

The report studies the market of the following hotel segments: High End, Mid Scale & Budget. Mid scale hotel controls the largest market share in this market place.

By Platform – Online Hotel Booking Market is steadily Growing 

In the China hotel market, online hotel booking market is steadily growing. This report covers two type of ordering platform: online and offline. It is predicted that by 2023, online hotel market will grow tremendously.  

By Hotel Volume

The report studies China total hotels present and future volume. This report also provides the details of the hotel volume on the basis of budget type: Up-Scale hotel & Mid-Scale & Budget hotel. Mid-Scale & Budget hotel dominate in this market place. 

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Renub Research is a leading Market Research and Information Analysis Company with centers at Noida India and Roswell USA. We have long-term experience especially in international Business-to-Business Researches, Surveys, Business and Consulting. Throughout the years we have acquired expertise in most market sectors, including Information Technology (IT), Telecoms, Life Sciences, Medical & Pharmaceuticals, Financial Services (Banking, Insurance, Reinsurance, M&A, etc.), Energy, Chemicals, Automotive, Retail, FMCG, Consumer Goods, Logistics, Governmental, Social, and Others.

Commercial Refrigeration Equipment Market to Reach CAGR of 6.2% – Forecast 2023

The report Commercial Refrigeration Equipment Market by Product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics) Application (Hotels & Restaurants, Supermarkets & Hypermarkets), and Region (Europe, APAC, North America) – Global Forecast to 2023″, The global commercial refrigeration equipment market is projected to grow from USD 33.58 billion in 2018 to USD 45.45 billion by 2023, at a CAGR of 6.2% from 2018 to 2023. Improving consumer lifestyles and flourishing food and healthcare industries, growing cold chain market, and increasing use of advanced technologies, for instance, magnetic refrigeration, are opportunities for the growth of the commercial refrigeration equipment market.

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Browse 99 market data Tables and 32 Figures spread through 159 Pages and in-depth TOC on “Commercial Refrigeration Equipment Market”

The hotels and restaurants segment is projected to be the largest application segment of the commercial refrigeration equipment market from 2018 to 2023. The advanced commercial refrigerators provide for practical designs to capture the attention of customers at any such point of sale.

The fluorocarbons segment is estimated to be the largest refrigerant type segment of the commercial refrigeration equipment market in 2018. Fluorocarbons are chemical compounds comprising carbon, hydrogen, chlorine, and fluorine as their major constituents. However, not all fluorocarbons may consist of both chlorine and fluorine atoms. The applications of these refrigerants are in refrigerators (domestic, transport, and commercial) and large-scale refrigerators (supermarket/ hypermarket). Fluorocarbons are further sub-divided into three types – HFCs, HCFCs, and HFOs.

The Asia Pacific is expected to be the largest market of commercial refrigeration equipment during the forecast period. The increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes, and a booming consumer appliances sector have led to growth in the commercial refrigeration equipment in the region. In addition, the growth of the commercial refrigeration equipment market in this region is fueled by growth in the manufacturing sector; increase in spending on private & public infrastructure development; and rapid urbanization.

 Key players operating in the commercial refrigeration equipment market include Carrier Corporation (US), Emerson Electric Company (US), Daikin Industries, Ltd. (Japan), and GEA Group AG (Germany).. These companies focus on enhancing their product portfolios to grow in the commercial refrigeration equipment market.

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Caps & Closures Market Size worth 68.71 Billion USD by 2021

[199 Pages report] The Caps & Closures Market size is estimated to grow from USD 49.78 Billion in 2015 to USD 68.71 Billion by 2021, at a CAGR of 5.62%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The report covers study of the various segments that are part of the manufacturing process of caps & closures and the end consumers. Thus, segmentation for the caps & closures market includes by raw material, type, and application. The report covers detail study on key parameters such as market drivers, restraints, opportunity and challenges which is hindering growth of this industry. The report also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market.

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End-use industries such as beverage and healthcare to gain maximum traction during the forecast period

The beverages segment dominated the market in 2015 and is projected to be the second-fastest-growing end-user industry in the next five years, as a result of the rising consumer demand for beverage products such as bottled water and beer as well as growing demand for quality and safe products. Furthermore, the healthcare segment is projected to be the fastest-growing end-use industry due to the rising consumption of pharmaceutical and medical products.

Plastics as a raw material to play a key role in the Caps & Closures Market

The report defines and segments the Caps & Closures Market on the basis of raw material into plastics, metal, and others. The plastics segment is projected to contribute the largest market share as it is light in weight and cost effective, whereas metal will have the next largest market share from 2016 to 2021. The plastics segment is further divided into its sub segments such as polypropylene, polyethylene, polyethylene terephthalate, polyvinyl chloride, and others. Out of these, polypropylene is projected to be the fastest-growing sub segment as it does not crack under stress and has good resistance to almost all types of chemicals, including strong acids, alkalis, and most organic materials.

“Asia-Pacific region to be the largest market for caps & closures during the forecast period.”

The Asia-Pacific region leads the market due to its large population and its proven identity of a major manufacturing hub that offers production opportunities at affordable costs to companies. As caps & closures are used widely by different industries, such as food, beverages, and healthcare, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for these packaging solutions. This is followed by North America, which is the next largest market for caps & closures followed by Europe and Rest of the World.

The global market for caps and closures is dominated by players such as RPC Group Plc (U.K.), Reynolds Group Holdings Limited (New Zealand), Crown Holdings Inc. (U.S.), Amcor Limited (Australia), Rexam PLC (U.K.), Berry Plastics Corporation (U.S.), Silgan Holdings Inc. (U.S.), AptarGroup Inc. (U.S.), Guala Closures Group (Italy), and BERICAP GmbH Co. & KG (Germany).

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AR & VR In Healthcare Market is Predicted to Project a Successive Double-Digit CAGR of 30.2% During Forecast 2018-2023

Market Highlights:

The AR & VR In Healthcare Market is expected to grow at an approximate CAGR of 30.2% during forecast period, 2018–2023.

Rising demand to reduce healthcare cost is one of the key factors driving the AR & VR in healthcare market. For instance, with the use of AR navigation system nearly USD 288 million can be saved on minimally-invasive surgical procedures in the US.

Various other factors such as rising government funding, high prevalence of chronic diseases, rising adoption of AR and VR in fitness management, increasing penetration of connected devices in the healthcare sector, and rising awareness about VR therapy are also expected to propel the growth of the market.

However, concerns regarding data privacy, lack of expertise among medical practitioners, and lack of competence in deployment of the AR and VR solutions can hinder the market growth over the forecast period.

Key Players:

Some of the key players in the AR & VR in healthcare market are

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Segmentation:

  • The AR & VR in healthcare market is segmented based on technology, offering, device type, application, end user, and region.
  • The global market for AR & VR in healthcare, by technology is segmented into AR technology and VR technology. The AR technology segment is further classified as marker-based AR and markerless AR. The marker-based AR segment includes passive marker, and active marker. The markerless AR segment includes model-based tracking, and image processing-based tracking. The VR technology segment is further classified as nonimmersive technology, and semi-immersive and fully immersive technologies.
  • Based on offering, the market is segmented into hardware components and software. The hardware components segment is further classified as sensors, semiconductor component, displays and projectors, position tracker, cameras, and others. The sensors segment includes accelerometer, gyroscope, magnetometer, and proximity sensor. The semiconductor component segment includes controller/processor, and integrated circuits. The software segment is further classified as software development kits, and cloud-based services.
  • Based on device type, the market is segmented into AR device type, and VR device type. The AR device type segment is further classified as head-mounted display, and handheld device. The VR device type segment is further classified as head-mounted display, gesture-tracking device, and projectors and display walls. The gesture-tracking device segment includes data gloves, and others.
  • Based on application, the market is segmented into fitness management, patient care management, surgery, pharmacy management, medical training and education, and others.
  • Based on end user, the market is segmented into hospitals & clinics, surgical centres, pharmaceutical companies, research and academic institutes, and others.

Regional Analysis:

The Americas dominated the global market for AR & VR in healthcare owing to the rising demand to reduce healthcare cost and presence of major market players.

In 2017, it was estimated that Europe stood second in the AR & VR in healthcare market. This can be attributed to the rising funding for innovation and increasing technological advancements. For instance, the European Union’s Horizon 2020 programme is allocating nearly USD 91.51 billion of funding over seven years for research and innovation.

Asia Pacific was projected to be the fastest growing region in 2017. Increasing healthcare expenditure and high prevalence of chronic diseases drives the regional markets of the Asia Pacific region.

On the other hand, the Middle East and Africa held least share in the AR & VR in healthcare market due to the low per capita income and stringent government policies, especially within the African region

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Secondary Refrigerants Market to exceed 710.7 Million USD by 2022

The report “Secondary Refrigerants Market by Type (Glycols, Salt Brines, Carbon Dioxide), Application (Commercial Refrigeration, Industrial Refrigeration, Heat Pumps, Air Conditioning), and Region (North America, Europe, APAC, MEA) – Global Forecast to 2022”, published by MarketsandMarkets™, the Secondary Refrigerants Market is projected to reach USD 710.7 Million by 2022, at a CAGR of 7.3% from USD 466.2 Million in 2017.

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Browse 75 market data Tables and 25 Figures spread through 112 Pages and in-depth TOC on “Secondary Refrigerants Market”

The glycols segment was the largest type segment of the Secondary Refrigerants Market in 2016.

The glycols segment is estimated to account for the largest share of the Secondary Refrigerants Market in 2017, in terms of value. Glycol fluids can provide freeze protection for closed loop refrigeration systems, water-based heating, ventilation, and air conditioning (HVAC), and cooling systems. They help in lowering the freezing point of water. Propylene glycol is the most preferred type of glycol fluid that is used in a wide range of operations due to its less toxicity and non-corrosive characteristics. Glycols reduce wear and maintenance costs and have to be replaced every 3-5 years, which increase their demand in the growing end-use industries, such as food & beverage. These factors play an important role in the growth of the glycols segment.

Read More @ https://www.prnewswire.com/in/news-releases/secondary-refrigerants-market-worth-7107-million-usd-by-2022-681043771.html

The industrial refrigeration segment is estimated to be the largest application segment of the Secondary Refrigerants Market in 2017.

The industrial refrigeration segment is estimated to be the largest application segment of the Secondary Refrigerants Market, in terms of both, value and volume, in 2017. The growth of this segment can be attributed to the adoption of environment-friendly refrigerants, and the need for reducing carbon emissions in developed and developing regions.

Europe is estimated to be the largest market for secondary refrigerants in 2017.

The Europe Secondary Refrigerants Market is estimated to witness considerable growth on account of the recent F-gas regulations/HFC phase out plan, which dictates the reduction of use of HFC refrigerants by almost half by 2025. The region also enjoys the highest number of end user entities, which have already switched to refrigeration systems based on secondary refrigerants. The market for low-charge ammonia and NH3/CO2 cascade systems, supported by continuous technological advancements in R&D activities for low-GWP and ODP refrigerants, are expected to drive the market growth in Europe. Moreover, strong legislation for switching to refrigerants from high-GWP HFCs have already been made. These factors are expected to drive the Secondary Refrigerants Market in Europe.

Major players in the secondary refrigerants market include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).

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Research Delivers Insight into the Global Capsule Hotels Market During the Period 2019-2024

The Capsule Hotels Market 2019  research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world.

A capsule hotel, also known as a pod hotel, is a type of hotel developed in Japan that features a large number of extremely small “rooms” (capsules) intended to provide cheap, basic overnight accommodation for guests who do not require or who cannot afford the services offered by more conventional hotels.

Scope of the Report:

Japan is the largest market with a market share of 81.13% in 2012 and 77.95% in 2016 with a decrease of 3.18%. Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing Southeast Asia regions.

The Capsule Hotels market has been increased in accordance with the development of whole economy, tourism and consumer awareness. However, with the macroeconomic is slowing down, the increase rate of Capsule Hotels is also slowing. But the emerging market is still the potential market of the industry, so some of the companies are laying-out their business in the emerging market. What more, there are some problem to be solved ahead, such as the homogenization of the fierce competition, the low price competition, the talents shortage in the process of the company’ expansion, the channel building through the internet and so on.

The global Capsule Hotels market is valued at 160 million USD in 2018 and is expected to reach 210 million USD by the end of 2024, growing at a CAGR of 6.2% between 2019 and 2024.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Capsule Hotels.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.

This report studies the Capsule Hotels market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Capsule Hotels market by product type and applications/end industries.

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Market Segment by Companies, this report covers:

  • The Prime Pod Ginza Tokyo
  • Shinjuku Kuyakusho-mae Capsule Hotel
  • ENAKA Asakusa Central Hostel
  • Nihonbashi Muormachi Bay Hotel
  • Tokyo Ginza Bay Hotel
  • Oak Hostel Fuji
  • Nadeshiko Hotel Shibuya
  • Capsule Value Kanda
  • Nine Hours Shinjuku-North
  • Tokyo Ariake Bay Hotel
  • Capsule Inn Kamata
  • Vintage Inn
  • Wink Hotel

Market Segment by Regions, regional analysis covers:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers:

  • Office Workers
  • Tourists
  • Others
  • Market Segment by Applications, can be divided into
  • Office Workers
  • Tourists
  • Others

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Secondary Refrigerants Market Size worth 710.7 Million USD by 2022

[112 Pages Report] Secondary Refrigerants Market was valued at USD 470.9 Million in 2016 and is projected to reach USD 710.7 Million by 2022, at a CAGR of 7.3% between 2017 and 2022. The base year considered for this study is 2016 while the forecast period considered is 2017-2022.

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The glycols segment was the largest type segment of the Secondary Refrigerants Market in 2016.

The glycols segment is estimated to account for the largest share of the Secondary Refrigerants Market in 2017, in terms of value. Glycol fluids can provide freeze protection for closed loop refrigeration systems, water-based heating, ventilation, and air conditioning (HVAC), and cooling systems. They help in lowering the freezing point of water. Propylene glycol is the most preferred type of glycol fluid that is used in a wide range of operations due to its less toxicity and non-corrosive characteristics. Glycols reduce wear and maintenance costs and have to be replaced every 3-5 years, which increase their demand in the growing end-use industries, such as food & beverage. These factors play an important role in the growth of the glycols segment.

The industrial refrigeration segment is estimated to be the largest application segment of the Secondary Refrigerants Market in 2017.

The industrial refrigeration segment is estimated to be the largest application segment of the Secondary Refrigerants Market, in terms of both, value and volume, in 2017. The growth of this segment can be attributed to the adoption of environment-friendly refrigerants, and the need for reducing carbon emissions in developed and developing regions.

Europe is estimated to be the largest market for secondary refrigerants in 2017.

The Europe Secondary Refrigerants Market is estimated to witness considerable growth on account of the recent F-gas regulations/HFC phase out plan, which dictates the reduction of use of HFC refrigerants by almost half by 2025. The region also enjoys the highest number of end user entities, which have already switched to refrigeration systems based on secondary refrigerants. The market for low-charge ammonia and NH3/CO2 cascade systems, supported by continuous technological advancements in R&D activities for low-GWP and ODP refrigerants, are expected to drive the market growth in Europe. Moreover, strong legislation for switching to refrigerants from high-GWP HFCs have already been made. These factors are expected to drive the Secondary Refrigerants Market in Europe.

Key market players profiled in the report include The Linde Group (Germany), A-Gas International (UK), TAZZETTI S.P.A (Italy), The Dow Chemical Company (US), Eastman Chemical Company (US), Clariant AG (Switzerland), Arteco Coolants (Belgium), Temper Technology AB (Sweden), SRS Frigadon (UK), Hydratech (UK), Dynalene (US), Environmental Process Systems (UK), Gas Servei SA (Spain), Climalife Groupe Dehon (France), and Nisso Shoji Co. Ltd. (Japan).

Early buyers will receive 10% customization on this report.

Don’t miss out on business opportunities in Secondary Refrigerants Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow.

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=198445739

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Commercial Refrigeration Equipment Market to Grow CAGR of 6.2% by 2023

The report Commercial Refrigeration Equipment Market by Product Type, Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics) Application (Hotels & Restaurants, Supermarkets & Hypermarkets), and Region (Europe, APAC, North America) – Global Forecast to 2023″, The global commercial refrigeration equipment market is projected to grow from USD 33.58 billion in 2018 to USD 45.45 billion by 2023, at a CAGR of 6.2% from 2018 to 2023. Improving consumer lifestyles and flourishing food and healthcare industries, growing cold chain market, and increasing use of advanced technologies, for instance, magnetic refrigeration, are opportunities for the growth of the commercial refrigeration equipment market.

Request for free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=32445265

The commercial refrigeration equipment market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the commercial refrigeration equipment market include Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US), among others.

The hotels and restaurants segment is projected to be the largest application segment of the commercial refrigeration equipment market from 2018 to 2023. The advanced commercial refrigerators provide for practical designs to capture the attention of customers at any such point of sale.

  The commercial refrigeration equipment for refrigerated transport, based on product type, is one of the essential links in the cold chain system for the distribution of food commodities, such as bakery & confectionery products, dairy products, beverages, fresh fruits & vegetables, ice creams, frozen dairy products, processed meat, and fish & seafood products. The growth of the refrigerated transport market is attributed to the technological advancements in refrigerated transport systems and equipment, increasing globalization, and a surge in demand for temperature-controlled food systems and containers across the globe.

 Early buyers will receive 10% customization on this report.

Don’t miss out on business opportunities in Commercial Refrigeration Equipment Market.

For more details read our blog: https://chemabd007.blogspot.com/2019/03/commercial-refrigeration-equipment.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
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MarketsandMarkets™ INC. 
630 Dundee Road 
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USA : 1-888-600-6441 
sales@marketsandmarkets.com

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