Matcha Market Is Expected To Witness A Growth At A CAGR Of 7.6% From 2017 To 2025: Grand View Research, Inc.

The global matcha market is expected to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases has augmented the demand for healthy and nutrient-rich food & beverage alternatives. Anti-oxidant and vitamin-rich composition of matcha tea has fueled the product demand across the globe.

Anti-oxidants, including epigallocatechin gallate (EGCG), prevent diseases such as cancer, Type-2 diabetes, cardiovascular problems. EGCG present in the product can repair DNA damage caused by UV radiation and controls the proliferation of cancerous cells. The product also has the potential to reduce stress and promotes a state of relaxation. L-theanine present in the product acts in a synergistic way to activate alpha waves in the brain and thus improves brain functioning. Furthermore, high chlorophyll content of the product prevents toxin accumulation in body.

Key product grades available in the industry include ceremonial, classic, and culinary. Ceremonial accounts to be the most expensive product grade owing to its superior and high-quality production process. Classic grade is the most widely consumed variety, owing to its enhanced taste and flavor. The demand for culinary grade is predicted to grow at a robust pace, due to emerging use in bakery and cooking applications.

Asia Pacific held the largest share of the global industry revenues in 2016, owing to traditional tea culture in Japan and China. The product was majorly consumed in form of regular tea, followed by other beverages in Asia Pacific. Experiment and innovation led to the preparation of various beverages, including smoothies, lattes, and juices. Various cafes and food chains have incorporated various matcha tea-based foods and beverages in their product portfolios. North America has exhibited spurring demand over the recent past, owing to heightened consumer awareness in the U.S.

Further key findings from the report suggest:

  • The global matcha market was valued at USD 2.62 billion in 2016 and is expected to grow at a CAGR of 7.6% from 2017 to 2025, owing to rising consumer awareness regarding product features, such as detoxification, anti-ageing, and improvements to immune system
  • Culinary grade is estimated to be the fastest-growing segment of the overall product industry, over the forecast period, driven by the rapidly growing use of the product in formulation of snacks, desserts, bakery, and confectionery items
  • Classic grade was the largest segment of the industry, accounting for around 56% share of the global revenue in 2016, owing to the superior health benefits offered by this product grade
  • Regular tea application segment is expected to dominate the global market, owing to energy stimulation and detoxifying properties of the product
  • North America is expected to witness considerable growth over the forecast years, drive by the rising number of outlets selling matcha-based beverages in the U.S. market
  • Key players in the industry are focusing on expanding their product portfolios along with organizing events to boost consumer awareness, with the objective of sustaining major shares of the overall industry revenues

Grand View Research has segmented the global matcha market on the basis of grade, application and region:

Matcha Grade Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Ceremonial
  • Classic
  • Culinary

Matcha Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Regular tea
  • Matcha beverages
  • Food
  • Personal care

Matcha Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Industrial And Commercial LED Lighting Market Driven By High Efficiency, Reliability And Longer Life Span

The global industrial and commercial LED lighting market is expected to reach USD 165.91 billion by 2022, according to a new report by Grand View Research, Inc. High efficiency of LED lights combined with government regulations to ban incandescent lamps is estimated to drive demand over the forecast period.

Increasing shift towards the implementation of cost effective systems is expected to proliferate demand. Concepts such as smart lighting which offer several benefits including comfort, safety and security are projected to offer lucrative growth opportunities for the industry. For instance, prevalence of various smart city schemes across the U.S. and Europe to reduce consumption of energy and peak power demand is estimated to positively impact sales.

Stringent government regulations and ban on incandescent lamps and set up of minimum efficiency standards by various governments across the globe is further estimated to propel industrial and commercial LED lighting market. For instance, Brazil has banned 60-watt+ and 100-watt incandescent lamps since 2012. Additionally, various legislative actions taken to support these systems and implementation of various energy-efficient programs are expected to be the critical parameter affecting the industry.

Further key findings from the report suggest:

  • Commercial lighting market accounted for over 50% of the overall industry in 2014. Growing demand for LED street lights across various countries including U.S., China and Germany is expected to foster growth. Further, increasing construction of commercial buildings across the globe will impel demand.
  • Industrial segment is expected to witness considerate growth over the next seven years. High pressure to reduce operational and maintenance cost in industries and growing demand for less energy consumption are driving growth across this application.
  • Architectural LED lighting industry accounted for over 30% of the revenue in 2014 and is expected to witness strong growth, owing to the declining average price and continuous improvement in luminous efficiency of white light.
  • Asia Pacific demand share exceeded 40% in 2014. Increasing construction of office spaces, commercial buildings, and retail stores across countries in Asia Pacific such as Australia, China and India is estimated to drive the demand for general lighting.
  • Growing energy consumption is estimated to surge demand for efficient lighting technology over the next seven years. LED lights are environment friendly as it does not emit harmful gases resulting in hazardous disorders. It offers varied benefits such as high reliability, brightness, condensed size and longer life span over incandescent lamps which are projected to contribute to revenue growth.
  • Notable companies comprise GE Lighting, Philips Electronics, Toshiba Corporation, Cree Inc, and Osram Opto. The company’s focus on extending the range of products and services to optimize vertical integration.

Grand View Research has segmented the industrial and commercial LED lighting market on the basis of application and region:

Industrial and Commercial LED Lighting Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Outdoor
  • Architectural
  • Industrial
  • Commercial

Industrial and Commercial LED Lighting Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Facades Market Size Worth Over $337.8 Billion By 2025: Grand View Research, Inc.

The global facades market is expected to reach USD 337.8 billion by 2025, according to a new report by Grand View Research, Inc. The facades market is anticipated to grow swiftly over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as a visually appealing texture. The industry is governed by the following six key trends:

Facades combine the attribute of both appearance and superior performance in a mode unlike any other building system, which is anticipated to drive product demand significantly over the next few years.

The key factor expected to drive the facades industry is the need to lower heating & air-conditioning cost and achieve energy-efficiency. This trends in reducing the cost are projected to result in the development of sustainable products over the forecast period.

The popularity of green buildings, demand high-transparency glass that allows in light, while maintaining heat-resistance. The forecast period is expected to witness the application for high-performance, energy-saving and solar control facades contributing towards higher economic benefits and eco-sustainability. This has resulted in demand for triple-glazed facades, which have a lower u-value in comparison to double glazed structures.

Further key findings from the report suggest:

  • The facades market was valued at USD 179.7 billion in 2016 and is expected to grow at a CAGR of over 7.3% over the next eight years owing to a rise in construction related activities in the U.S., China, Japan and India
  • The ventilated facades market is expected to witness a healthy growth at a CAGR exceeding 6.5% over the forecast period owing to benefits they provide in terms of energy saving and rich aesthetics.
  • Several government initiatives toward infrastructure development and the rise in PPP model enhance the construction of commercial properties across the globe, which has subsequently attributed to the growth of the facades market.
  • The commercial end-use segment was the dominant segment in 2016, and the facades’ demand across this sector is expected to increase over the forecast period, owing to several benefits offered by the facade system, such as acoustic insulation, thermal insulation, and natural ventilation.
  • Asia Pacific dominated the market with more than 30% revenue share in 2016, wowing to growing construction of new commercial and industrial buildings in China, India, and South-East Asia over the next few years.
  • Key players such as Ametek Inc., Franklin Electric Co., Asmo Co. Ltd., and ABB Ltd. dominated the market in 2016 with their emphasis on expanding market presence through mergers and acquisitions.

Grand View Research has segmented the global facades market based on product, end use, and regions:

Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Ventilated
    • Curtain Walls
    • Others
  • Non-Ventilated

End-Use Outlook (Revenue, USD Billion; 2014 – 2025)

  • Commercial
  • Residential
  • Industrial

Regional Outlook (Revenue, USD Billion; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

ATM Market Driven By Rising Integration Of Wireless Communication Devices As Smartphones Till 2022

The global ATM market is expected to reach USD 24.92 billion by 2022, according to a new study by Grand View Research, Inc. Rising demand for automated wireless communication devices along with growing security standards are estimated to drive the industry.

Enhanced security standards for safer online, and physical financial transactions has led to a significant rise in use of these services. Further, continuation of strict security standards and safer modes of financial transactions are expected to have a substantial impact on the industry growth.

Automation of the basic financial transactions and technological advancements increasing at alarming rate would increase mobile transcations among the customers. Linkage of ATMs with wiireless devices would facilitate the customers to complete the transcations securely.

Rising competition amongst the banks to increase the penetration, would lead to its huge installation base, thus offering lucrative growth opportunities for the industry. In order to reduce the frauds, manufacturers and financial institutions are opting for anti-skimming, biometric devices, and voice recognition systems.

Further key findings from the study suggest:

  • ATM deployment solutions industry accounted for over 70% of the overall revenue in 2014. They comprise installed machines at varied locations such as worksite, onsite, offsite and mobile segment. The deployment revenue comprises of installed machines and services as well as its maintenance. Rise in installation base and increasing maintenance activities are estimated to drive segment growth.
  • ATM managed services market is estimated to exhibit considerable growth, growing at a CAGR of over 11.0% from 2015 to 2022. It contributes significantly towards strengthening the infrastructure for multichannel delivery for better customer retention, acquisition and cross selling opportunities.
  • North America ATM market dominated in terms of revenue in 2014, and is expected to significantly lose share by 2022. Adoption of smart machines across countries such as U.S. is estimated to impel growth across this region. Increasing trend of trading in digital currency is driving demand for Bitcoin ATMs across the region.
  • Asia Pacific ATM industry is expected to grow at a substantial growth rate of over 12% from 2015 to 2022. Rising demand for self-service machines and ever increasing customer base across regions such as China and India are estimated to drive the regional demand over the next seven years. Additionally, increasing trend of outsourcing its related activities by financial institutions is projected to positively impact growth across this region.
  • ATM market share is occupied by companies such as NCR Corporation, Diebold Inc, Wincor Nixdorf, Euronet Worldwide and Nautilus Hyosung. Product innovations and strategic partnerships with the manufacturers are some of the notable strategies adopted by the vendors. For instance, In October 2014, Diebold launched a new 5500 series of with advanced security features such as biometric finger-vein readers and security camera provisioning.

Grand View Research has segmented the ATM market on the basis of solution and region:

ATM Solution Outlook (Revenue, USD Million, 2012 – 2022)

  • Managed Services
  • Deployment
    • Onsite
    • Offsite
    • Worksite
    • Mobile

ATM Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Virtual Reality (VR) in Healthcare Market Is Majorly Driven By Applications In Surgical Simulations Till 2025

The global augmented reality & virtual reality in healthcare market is expected to reach USD 5.1 billion by 2025 according to a new report by Grand View Research, Inc. The growing adoption of Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing investments in such emerging technologies, and constant developments in healthcare IT are some of the key factors responsible for growth of this market.

The market is majorly driven by applications in surgical simulations, diagnostic imaging, patient care management, rehabilitation, and health management. The application of AR & VR in training medical professionals provides them enhanced understanding of anatomy & physiology and assists in complicated surgeries that require precision, thus, resulting in reduced complications and lesser trauma. VR helps patients get over their worst fears and phobias through the exposure therapy. These technologies are also gaining significance in fitness management due to the development of various health apps that help train doctors as well as patients.

The use of these advanced technologies in live streaming of surgeries for medical education coupled with patient monitoring & pain management serves as a market opportunity and is predicted to drive the segment substantially. These new disruptive technologies have revolutionized medical field and provide an innovative approach for transforming healthcare experience. The increasing focus on streamlining medical operations along with demand for better delivery of care services are driving the growing adoption of these technologies.

Increase in number of startups has led to higher demand for investments to fund development of AR & VR technologies. The market is witnessing an increase in private investments by various investors, which is expected to boost growth further. For instance, Swiss-based startup MindMaze is a well-funded company that has raised USD 100 million from Hinduja Group for development of VR hardware & software. In addition, increased government funding and supportive initiatives are expected to drive growth.

Further key findings from the report suggest:

  • The hardware segment held the majority of the revenue share in 2016 due to rise in adoption of wearable devices in healthcare
  • AR dominated the technology segment in 2016 owing to its increasing adoption in surgeries and medical training
  • North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure
  • Asia Pacific AR and VR market is expected to witness a lucrative growth of 33% over the forecast period
  • Some of the key players include CAE HEALTHCARE; GE Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and Philips Healthcare

Grand View Research has segmented the augmented reality & virtual reality in healthcare market on the basis of component, technology and region:

Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
  • Software
  • Service

Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Augmented Reality
    • Surgical Application
    • Rehabilitation
    • Training & Medical Education
  • Virtual Reality
    • Simulation
    • Diagnostics
    • Virtual Reality Exposure Therapy
    • Rehabilitation
    • Pain Distraction

Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Compressed Natural Gas (CNG) Market Size Is Predicted To Reach USD 129.77 Billion by 2020

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Growth Of Global Natural Gas Vehicles (Ngvs) Industry Coupled With Increased Automobile Fuel Efficiency Attributed By CNG Is Anticipated To Remain A Key Driving Factor For The Global Market

Global compressed natural gas (CNG) market is anticipated to reach USD 129.77 billion by 2020, according to a new study by Grand View Research, Inc. Growth of global natural gas vehicles (NGVs) industry coupled with increased automobile fuel efficiency attributed by CNG is anticipated to remain a key driving factor for the global market. Government subsidiaries in form of financial incentives particularly in Asia Pacific and Latin America is also expected to have a positive impact on the market growth. Positive outlook on exploration of unconventional resources including shale gas particularly in U.S. and China is expected to provide growth opportunities for market participants. High initial investment for CNG automobile storage tanks is expected to remain a key challenge for market participants over the forecast period. Increasing R&D expenditure by automobile manufactures on developing dual fuel engines is expected to remain a critical success factor over the next six years.

Non-associated gas emerged as leading source for CNG and accounted for 89.9% of total market volume in 2013. Increasing drilling activities particularly in Middle East is expected to ensure continuous supply of non-associated gases for CNG over the forecast period. Unconventional methods are expected to be the most lucrative source segment growing at an estimated CAGR of 28% from 2014 to 2020.

Further key findings from the study suggest:

  • Global CNG demand was 61,668 MCM in 2013 and is expected to reach 108,957.9 MCM by 2020, growing at a CAGR of 8.5% from 2014 to 2020.
  • Light duty vehicles (LDV) were the largest CNG consuming segment and accounted for 48.3% of total market volume in 2013. Growth of passenger cars particularly in emerging markets of BRICS is expected to drive this segment. LDV is also expected to witness highest growth rate over the forecast period. The segment is expected to grow at an estimated CAGR of 9.1% from 2014 to 2020.
  • Asia Pacific was the leading regional CNG market and is expected to continue its dominance over the next six years in the global market. The region accounted for 46.6% of total market volume in 2013. Positive outlook on automotive industry coupled with government support to promote the use of alternative transportation fuel particularly in China and India is expected to drive the regional CNG market. Central & South America is expected to be the fastest growing regional market for CNG at an estimated CAGR of 17% from 2014 to 2020.
  • Highly fragmented CNG industry participants compete on the basis of price differentiation across various regions. Major industry participants operating in the global CNG market include National Iranian Gas Comp, Indraprastha Gas Ltd (IGL), China Natural Gas Inc and Mahanagar gas Ltd (MNGL).

Grand View Research has segmented the CNG market on the basis of source, application and region:

Global Compressed Natural Gas (CNG) Source Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020)

  • Non-Associated Gas
  • Associated Gas
  • Unconventional Methods

Global Compressed Natural Gas (CNG) Application Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020)

  • Light Duty Vehicles
  • Medium/Heavy Duty Buses
  • Medium/Heavy Duty Trucks
  • Others

Global Compressed Natural Gas (CNG) Regional Outlook (Volume, MCM; Revenue, USD Billion, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Central & South America

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Transparent Ceramics Market Size Worth Over $1.08 Billion By 2024: Grand View Research, Inc.

The global transparent ceramics market is expected to reach USD 1.08 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for the product in various industries including electronics, aviation, and healthcare as a substitute for existing glass technologies in numerous function such as armors, optical fibers, domes(infrared) & lasers is expected to drive demand. Expansion of these end-use industries is predicted to fuel the industry growth further over the next eight years.

Rising focus on utilizing cutting & laser tools across the world, on account of rapid industrialization and turnaround of the manufacturing sector, is expected to propel growth. The increase of the ceramics industry is also driving expansion over the next eight years.

The global market for transparent ceramics was valued at USD 178.5 million in 2015 and is expected to witness growth over the forecast period on account of rising manufacturing facilities in emerging markets of Asia Pacific such as India and China coupled with increasing expenditure on defense on improved & enhanced technology. Growing need from end-user industries such as chemical & mechanical industries, instrumentation & sensor and optics & optoelectronics is expected to stimulate expansion.

Further key findings from the report suggest:

  • Transparent ceramics blankets are suitable for high-temperature procedures. Lightweight, low thermal conductivity & heat storage, soaring temperature stability, outstanding handling power & fire protection, corrosion and thermal shock resistance and resistance are some of the properties owing to which blankets are preferred. The market is likely to witness growth at a CAGR of 21.8% from 2016 to 2024.
  • The transparent ceramics demand in optic & optoelectronics was USD 61.4 million in 2015. These products are used in medical & healthcare industries. Advancements in the healthcare sector across the globe is expected to drive industry development over the forecast period.
  • Asia Pacific contributed to 47.1% of the global market in 2015 and is projected to witness massive expansion in light of augmented government expenditure on the industrial sector and increasing opportunities for FDI in China and India. Rising demand for defense and iron & steel on account of rapid industrialization is expected to drive growth.
  • The Middle East & Africa is expected to observe considerable gains at a CAGR of 20.9% from 2016 to 2024. Increasing expenditure on aviation & defense by governments in the Middle East is expected to propel growth.
  • Key industry players include Surmet Corporation, CoorsTek, Murata Manufacturing Co. Ltd., ETEC, and Koito Manufacturing. These companies focus on research for product development to enhance their portfolio. Also, numerous research institutes are also focusing on R&D for increasing the application scope of transparent ceramics. For instance, in April 2014, the U.S. Naval Research Laboratory (NRL) developed a method that fabricates nanocrystalline spinel, which is 50% harder than the existing spinel armor materials utilized in military vehicles.

Grand View Research has segmented the global transparent ceramics market on the basis of product, material, application and region:

Product Outlook (Revenue, USD Million; 2016 – 2024)

  • Sapphire
  • Yttrium Aluminum Garnet
  • Aluminum Oxynitride
  • Spinel
  • Others

Material Outlook (Revenue, USD Million; 2016 – 2024)

  • Monocrystalline Transparent Ceramics
  • Polycrystalline Transparent Ceramics
  • Others

Application Outlook (Revenue, USD Million; 2016- 2024)

  • Optics & Optoelectronics
  • Aerospace, Defense & Security
  • Mechanical/Chemical
  • Sensors & Instrumentation
  • Healthcare
  • Consumer
  • Energy
  • Others

Regional Outlook (Revenue, USD Million; 2016 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Chile
  • MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

 

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Building & Construction Tapes Market Driven By Growing Demand For The Product Due To Superior Adhesion Properties Till 2025

The global building and construction tapes market size is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. The demand for thin filmic tapes with a plastic backing material is primarily accounted for by use in transparent applications. The use of such a backing material results in a high dissipation of stress due to the superior viscoelastic behavior, which, in turn, is likely to lead to an increase in the industry growth.

The industry is distinguished by the presence of major manufacturers such as 3M, tesa, and Nitto Denko among others. The players account for a significant share and are involved in the production of superior products. In addition, high levels of price differentiation incorporated by such manufacturers’ increases the competitive rivalry among the players in the industry.

The industry is expected to be affected by rising price volatility of crude oil, which leads to an uncertainty in the prices of crude oil derived plastics and resins. In addition, the overcapacity of plastic production in China is expected to affect growth. High production levels of raw materials, such as acrylics and high-density plastics, are expected to drive market over the forecast period.

Further key findings from the report suggest:

  • Masking tapes are expected to witness lucrative gains and register a CAGR of 6.0% from 2017 to 2025 owing to superior barrier properties coupled with high product adoption by consumers in residential, commercial, and industrial buildings
  • Foil-based products are used extensively for insulation and HVAC applications in the industry on account of superior performance over a wide temperature range. The segment is expected to be valued at USD 534.4 million by 2025.
  • The growing use of the product in the mounting of windows and window panels on account of superior bond strength is expected to drive the industry with the segment likely to denote a CAGR of 5.6% from 2017 to 2025
  • Barrier protection was expected to reach a market value of USD 1.72 billion by 2025 on account of increased use of the product for paint protection for various constructions across the globe
  • North America accounted for revenue of USD 985.3 million in 2016 driven by the use of advanced material-based products for heat insulation applications in the region, with the product finding high penetration in the residential constructions

Grand View Research has segmented the building and construction tapes market on the basis of product, backing material, application, function, end use, distribution channel, and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Double Sided
  • Masking
  • Duct
  • Other

Backing Material Outlook (Volume, Million Square Meters; Revenue; USD Million, 2014 – 2025)

  • PVC
  • PET
  • PP
  • PE
  • Foil
  • Paper
  • Foam
  • Others

Application Outlook (Volume, Million Square Meters; Revenue; USD Million, 2014 – 2025)

  • Flooring
  • Walls & Ceilings
  • Windows
  • Doors
  • Roofing
  • Building Envelope
  • Electrical
  • HVAC
  • Plumbing

Function Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Bonding
  • Barrier Protection
  • Insulation
  • Glazing
  • Soundproofing
  • Cable Management

End-use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Residential
  • Commercial
  • Industrial

Distribution Channel Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

  • Direct
  • Third Party

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

 

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

Advanced Energy Storage Systems Market Driven By Increasing Demand For Utility Scale Power Generation Till 2022

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Global advanced energy storage systems market is expected to reach USD 6.93 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO2, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

Further key findings from the study suggest:

  • Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.
  • Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.
  • North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.
  • Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.
  • Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.

Grand View Research has segmented the global advanced energy storage systems market on the basis of technology and region:

Global Advanced Energy Storage Systems Technology Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 – 2022)

  • Batteries
  • Flywheel
  • Thermal
  • Compressed Air
  • Molten Salt

Global Advanced Energy Storage Systems Regional Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 – 2022)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Latin America
    • Brazil
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
    • Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

 

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.

North America Point Of Care Diagnostics Market Size To Reach $8.95 Billion By 2024

The North America point of care diagnostics market is anticipated to reach USD 8.95 billion by 2024, according to a new report by Grand View Research, Inc. Incorporation of advanced information technology solutions coupled with the launch of innovative POC products with automation and ease of use is projected to influence market progression during the forecast period.

Moreover, the rising adoption rate of the POC devices in order to obtain quick results for immediate decision making for patient management is expected to provide the market with lucrative growth avenues. Additionally, the regulatory initiatives introduced for patient care management and rising prevalence of various diseases is attributive to boost demand for these products in the coming years.

The presence of a favorable funding environment in the region is attributive to drive R&D in academic organizations and universities thereby resulting to industrial progress through to 2024. 

Further key findings from the report suggest:

  • Glucose testing accounted for the largest share of over 41% of the market in 2015 with respect to revenue generation. Factors attributive for the estimated large share includes presence of comprehensive product portfolio provided by the local as well as international market participants. Moreover, rise in the prevalence of diabetes in chronic patients and need for monitoring glucose levels is also supportive for revenue generation of this segment.
  • Infectious diseases point-of-care tests are expected to witness the fastest growth in the coming years owing to the R&D carried out in this segment for an introduction of novel tests. Infectious disease testing segments include kits for various diseases such as HIV, HBV, respiratory syncytial virus (RSV), pneumonia or streptococcus associated infections, HPV, influenza/flu, HCV, MRSA, Clostridium difficile, TB &drug-resistant TB, and HSV.
  • Cardiac markers are also anticipated to register substantial growth as a result of an increase in incidence rate of cholesterol associated disorders and rise in the number of cases of congestive heart failure.
  • Clinics dominated the POC diagnostic market in 2015 due to higher usage of these tests in clinics. However, home settings for POC diagnostics are anticipated to witness the fastest growth owing to rising usage of home health care settings for disease monitoring in the geriatric population.
  • Assisted living healthcare facilities are also anticipated to witness considerable growth during the forecast period due to the property of rapid diagnostic products to enable simple usage at primary care level and in remote settings even with no laboratory infrastructure
  • Prominent players of this industry include Qiagen N.V., Spectral Diagnostics, Abbott Laboratories, Siemens Healthcare, Instrumentation Laboratory, Danaher Corporation, BioMerieux, Johnson & Johnson, Abaxis Inc., Roche Diagnostics, Alere Inc., Nova Biomedical, Nipro Diagnostics, and Trinity Biotech.
  • Strategies adopted by the market players include mergers and acquisitions with the smaller entities operating in market for enhancement of the product portfolio. The participants are involved introduction of new solutions, and collaborations with heath care institutions in order to maintain their global presence.

Grand View Research has segmented North America point of care diagnostics market on the basis of product, end-use, and region: 

North America Point of Care Diagnostics Outlook, by Product (Revenue, USD Million, 2013 – 2024)

  • Glucose Testing
  • Hb1Ac Testing
  • Coagulation
  • Fertility
  • Cardiac markers
  • Infectious diseases
    • HIV POC
    • Clostridium difficile POC
    • HBV POC
    • Pneumonia or Streptococcus associated infections
    • Respiratory syncytial virus (RSV) POC
    • HPV POC
    • Influenza/Flu POC
    • HCV POC
    • MRSA POC
    • TB and drug-resistant TB POC
    • HSV POC
    • Other Infectious Diseases
  • Primary care systems
  • Hematology
  • Decentralized Clinical Chemistry
  • Feces
  • Blood Gas/Electrolytes
  • Ambulatory Chemistry
  • Urinalysis
  • Drug Abuse Testing

North America Point of Care Diagnostics Outlook, by End-use (Revenue, USD Million, 2013 – 2024)

  • Clinics
  • Hospitals
  • Assisted Living Healthcare Facilities
  • Laboratory
  • Others

North America Point of Care Diagnostics Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
    • Canada

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

 

 

Sneha is a Digital Marketer by professional and she has a great experience in blogging, content writing and SEO.