Battery Recycling Market Potential Growth, Share, Demand And Analysis Of Key Players- Research Forecasts To 2025

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The global battery recycling market is expected to reach USD 21.04 billion by 2025, growing at a CAGR of 10.4%, according to a report by Grand View Research, Inc. The presence of stringent government regulations is expected to have a positive impact on the market growth over the next eight years.

Transportation application is expected to witness rapid growth in the battery recycling market. Growing demand for lithium-ion battery in electric vehicles and portable devices on account of its high efficiency, long life, and low maintenance is expected to positively impact the demand for recycled products.

The industry is price driven, which in turn is expected to restrain the market growth over the forecast period. Price becomes a key differentiating factor as most recyclers make use of more or less the same technology. High competition among the players does not allow large variation in the prices, thereby reducing the profitability of recycling firms.

Companies are making efforts to improve the competitiveness by setting up new collection centers and recycling plants. Moreover, new processes are being developed to bring down cost & combat environmental pollution. ECOBAT has developed its own collection system to collect spent batteries.

Further key findings from the report suggest:

  • The lithium-ion segment is expected to register a CAGR of 11.3% from 2017 to 2025, due to the growing demand from the electric vehicle industry
  • Lead acid segment dominated the market in 2016 and is likely to grow at a predicted CAGR of 10.5% from 2017 to 2025 owing to its high recycling ability, cost efficiency, and high capacity
  • The transportation segment emerged as the major application in 2016 and is likely to grow at the fastest CAGR of 11.4% from 2017 to 2025 on account of growing industries such as automotive, aviation, and marine
  • Europe held revenue share of 36.8% in 2016 and is expected witness a CAGR of 9.8% from 2017 to 2025 due to strict government regulations regarding battery recycling in the region
  • The Asia Pacific region is anticipated to be the fastest-growing market from 2017 to 2025 on account of rapidly growing end-use industries including automotive, consumer electronics, and industrial application
  • Expansions, mergers & acquisitions, and agreements are the key strategies adopted by the companies over the past years. For instance, in August 2016, Aqua Metals opened its AquaRefinery to recycle lead acid batteries by using nonpolluting electrochemical process.

Grand View Research has segmented the global battery recycling market on the basis of chemistry, application, and region:

Chemistry Outlook (Revenue, USD Million; 2014 – 2025)

  • Lithium-ion
  • Lead acid
  • Nickle
  • Others

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

  • Transportation
  • Consumer electronics
  • Industrial

Regional Outlook (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.

 

 

 

Solid Oxide Fuel Cells Market To Reach A Market Size Of $1.42 Billion By 2025

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The global solid oxide fuel cell market is expected to reach USD 1.42 billion by 2025, growing at a CAGR of 30%, according to a report by Grand View Research, Inc. Government funding is largely being replaced by corporate funding and in turn exhibited to display positive growth potential. There has been an increase of more than 44% of corporate funding from the period 2013 until 2016 hence displaying feasible commercialization prospect for the technology.

The rising pressure among nations to reduce carbon emissions while strengthening energy security is another factor favoring the growth of the solid oxide fuel cell market. Due to its working characteristic, solid oxide fuel cell has an efficiency in the range of 50-60%. However, there are concerns among solid oxide fuel cell manufacturers to reduce the production cost to generate significant profit margin.

The soaring capital & operational costs and underutilization of various facilities for the development of solid oxide fuel cell electric vehicle market are likely to result in high investment risks. High capital costs are directly related to the compression and storage of hydrogen. Therefore, highly pressurized hydrogen storage requires costly compressors. This is likely to pose a threat to market participants.

The Asia Pacific region is expected to benefit due to favorable governmental regulations in countries such as Japan and South Korea. Fuel cell powered automobiles and residential projects receive government subsidies in the region. Big players in North America such as Walmart, Coca-Cola, Equinix, Apple, CenturyLink, AT&T, Verizon are actively investing in solid oxide fuel cell technology to reduce emissions and generate power for company operations.

 

Further key findings from the report suggest:

  • The global solid oxide fuel cell market demand is expected to exceed 1,773.3 MW by 2025, at a predicted CAGR of 40.4% from 2017 to 2025
  • The transportation application is expected to witness growth rate in terms of units sold whereas stationary applications is expected to have the highest growth rate in terms of revenue
  • Asia Pacific was the largest consumer of solid oxide fuel cell in 2016, in terms of units, closely followed by North America
  • The consumption of solid oxide fuel cell in Europe is expected to reach 112.6 MW by the end of 2025 due to the restructuring of infrastructure in Germany and France
  • Japan accounted for over 30% of the global solid oxide fuel cell demand in 2016 and is expected to maintain dominance over the forecast period

Grand View Research has segmented the global solid oxide fuel cell market on the basis of application and region:

Application Outlook (Volume, Units; Capacity, Kw; Revenue, USD Thousand; 2014 – 2025)

  • Stationary
    • Distributed Energy Generation
      • Residential Application
      • Commercial Application
      • Natural Gas Compression Station
      • Data Centers
      • Military & Defense Application
      • Grid Support
      • Industrial
      • Remote Application
      • Others
    • EPS/UPS
  • Transportation
  • Portable

Regional Outlook (Volume, Units; Capacity, Kw; Revenue, USD Thousand; 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • South Korea
    • Taiwan
    • Japan
  • Central & South America
  • 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.

Construction Adhesive Industry Growth, Demand, Forecast To 2025, Market Research Report

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The global construction adhesive market is expected to reach USD 14.04 billion by 2025, according to a new report by Grand View Research, Inc. Increasing utilization of these products in commercial and residential buildings has been a major driving factor for the market growth.

A broad range of diverse products and rising infrastructural and building activities in various regions are expected to surge the demand for adhesive products. Increasing developments by companies in order to reduce the cost involved in manufacturing the products are projected to spur market growth.

Construction adhesives are used in numerous green building applications such as roofing, siding, fencing, walls, pipe & fittings, doors, flooring, windows/frames, and house wrap/vapor barriers. High durability and low cost of these adhesives make them an ideal material of choice for contractors and consumers. Increasing applications in architectural design and renovation of old buildings are other factors driving their growth globally.

The global demand for acrylic adhesive in resin type segment from construction industry is growing rapidly owing to its advantages. Rapid urbanization, changing lifestyles, rising safety concerns, and healthy living environment backed by increasing disposable income in Asian countries have influenced the consumption trends of construction materials. These factors are expected to aidthe growth of the market over the forecast period.

Further key findings from the report suggest:

  • The global demand for construction adhesive market was valued at USD 8.60 billion in 2016 and is anticipated to progress at a CAGR of 5.6% from 2017 to 2025
  • Acrylic adhesive dominated the market in 2016, followed by polyvinyl acetate in resin type segment
  • Industrial segment was the significant application segment in 2016 and is projected to follow the same growth trend over the forecast period. The segment is expected to grow at a steady CAGR over the coming years.
  • Asia Pacific region is anticipated to be the fastest growing regional segment in terms of revenue over the forecast period with a CAGR of 6.1% over the forecast period
  • Some of the major players in the industry include H.B. Fuller, 3M Company, Sika AG, The DOW Chemical Company, Bostik SA (An Arkema Company), Henkel AG & Co. KGaA, Dap Products, Franklin International, Illinois Tool Works Incorporation, and Avery Dennison Corporation.

Grand View Research has segmented the global construction adhesive market by resin type, technology, application, and region:

Resin Type Outlook (Volume, Thousand tons, Revenue, USD million; 2014 – 2025)

  • Acrylic Adhesive
  • Polyurethanes
  • Polyvinyl Acetate
  • Epoxy
  • Others

Technology Outlook (Volume, Thousand tons, Revenue, USD million; 2014 – 2025)

  • Water based
  • Solvent based
  • Reactive & Others

Application Outlook (Volume, Thousand tons, Revenue, USD million; 2014 – 2025)

  • Residential
  • Commercial
  • Industrial

Regional Outlook (Volume, Thousand tons, Revenue, USD million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • 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.

Global Tooling Board Market: Industry Review, Research, Statistics, and Growth to 2025

The global tooling board market is expected to reach USD 14.31 billion by 2025, according to a new report by Grand View Research, Inc. Prototyping techniques are witnessing an increase in demand owing to the advent of advanced technologies that utilize minimal resources and create prototypes that are highly similar to the final or desired product.

Tooling board are used for creating durable bonds, prototypes, models, reusable tools and patterns with the help of CNC machines. Implementation of stringent performance and safety standards across the automotive, aerospace, manufacturing, and other industrial sectors has generated high demand for durable prototypes that can actually withstand conditions of the final product.

These factors, along with favorable product characteristics, such as the excellent dimensional stability, high temperature resistance, and durability of rigid PU foam& epoxy have made the material an ideal choice for prototyping. Polyurethane are widely used for manufacturing prototypes, models, composting tooling, laminating, fixtures, molds & plugs and several other industrial products.

Manufacturers are always challenged to cut costs and reduce expenses through lower tooling costs while still providing a quality product to their customers. Manufacturers are attempting to lower aircraft weight and even testing models created using tooling boards to comply with stringent regulations and testing standards.

Browse full research report on Global Tooling Board Market: http://www.grandviewresearch.com/industry-analysis/tooling-board-market

Further key findings from the report suggest:

  • The global tooling board demand was worth USD 9,318.8 million in 2016 and is expected to grow at a CAGR of 5.0% from 2017 to 2025
  • Polyurethane emerged as the dominant product segment in 2016 and is estimated to generate revenue over USD 9,563.1 million by 2025. Excellent dimensional stability and good aesthetics of polyurethane allow it to be formed into various shapes using minimal effort
  • Europe is expected to observe the significant regional segment over the next eight years with an estimated CAGR in terms of revenue of around 4.7% from 2017 to 2025
  • Huntsman Corp. has made a critical tooling technology breakthrough with the initiate of a new PU resin system that cures quickly and allows the production of high heat stable tooling, modeling, and prototyping boards
  • Epoxy was the second largest product segment and accounted for 22% of the overall revenue in 2016
  • Epoxy is used for prototyping application owing to its unique combination of excellent surface finish and high temperature resistance. They also offer lower cost solutions, low coefficient of thermal expansion, quick mold preparation and compatible with tooling prepreg in an inert surface
  • OBO-Werke announced its plan to acquire Huntsman’s European tooling board and tooling paste materials business
  • Key players including Huntsman Corp., Axson Technologies, Trelleborg AG and Curbell Plastics Inc. dominated the global tooling board market accounting for significant share of the total volume in 2016

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global tooling board market on the basis of product, application, and region:

Tooling Board Product Outlook (Volume, Thousand Sq. Feet; Revenue, USD Million, 2014 – 2025)

  • Polyurethane
  • Epoxy
  • Others

Tooling Board Application Outlook (Volume, Thousand Sq. Feet; Revenue, USD Million, 2014 – 2025)

  • Aerospace & Defense
  • Automotive
  • Marine
  • Wind Energy
  • Others

Tooling Board Regional Outlook (Volume, Thousand Sq. Feet; Revenue, USD Million, 2014 – 2025)

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

For more information: www.grandviewresearch.com

 

 

 

 

 

 

 

 

Global High Temperature Coatings Market Overview – Competitive Insights, Key Futuristic Trends And Opportunities 2024

The global high temperature coatings market is expected to reach USD 4.74 billion by 2024, according to a new report by Grand View Research, Inc. Surging thermally efficient coatings requirement that can protect industrial and commercial equipment in moderate to extreme temperature conditions is expected to drive industry growth over the next eight years.

Technological innovations and significant R&D spending by key industry participants regarding commercializing single-component coatings for multiple applications is anticipated to stimulate market growth over the forecast period. Companies have been constantly involved in developing finished products which can be used for wide range of operating temperatures ranging from 150 degrees Celsius to 750 degrees Celsius in addition to providing corrosion resistance.

High temperature coating demand in cookware is anticipated to emerge as fastest growing end-use segment over the forecast period. In terms of demand, the sector is expected to grow at a CAGR of 5.5% over the forecast period.

Major appliances such as bakeware, induction appliances, and food processors have gained significance in commercial and residential sectors. This segment has witnessed significant growth in France, Japan, and South Korea owing to growing awareness towards innovative cooking technologies that sustain the nutrient levels of the food.

Further key findings from the study suggest:

  • The global high temperature coatings market demand was 1,009.9kilo tons in 2015 and is expected to reach 1,444.1 kilo tons by 2024, growing at a CAGR of 4.1% from 2016 to 2024
  • Acrylic was the leading product segment and accounted for 23.3% of global high temperature coatings revenue in 2015.The segment is anticipated to reach a net worth of USD 1,117.1 million by 2024.
  • Powder coating is anticipated to witness the highest growth over the forecast period. The segment is anticipated to grow at a CAGR of 5.4% in terms of demand from 2015 to 2024.
  • The energy & power sector emerged as the leading high temperature coating end-use segment and accounted for 16.4% of total demand in 2015. The segment is expected to reach a net volume of 34.7 by 2024 in the U.S.
  • Asia Pacific was the major high temperature coating market and was valued at USD 1,174.8 million in 2015. The region is also expected to witness the fastest growth rate over the forecast period.
  • Key players operating in the global industry include BASF, PPG Industries, Sherwin-Williams, Axalta Coating Systems, Jotun AS, and AkzoNobel NV. Major strategy adopted by the global players includes sourcing of raw materials at low cost thereby enhancing their profit margin and gain competitive edge over other industry participants.

Grand View Research has segmented the high temperature coatings market on the basis of product, technology, end-use, and region:

Global High Temperature Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Epoxy
  • Silicone
  • Polyethersulfone
  • Polyester
  • Acrylic
  • Alkyd
  • Others

Global High Temperature Coatings Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Solvent borne
  • Waterborne
  • Powder

Global High Temperature Coatings End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Energy & Power
  • Metal processing
  • Cookware appliances
  • Stoves & grills
  • Marine
  • Automotive
  • Coil coating
  • Aerospace
  • Building & Construction
  • Others

Global High Temperature Coatings End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • 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.

Respiratory Syncytial Virus Diagnostics Size Worth Over $1.2 Billion By 2022

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Global Respiratory Syncytial Virus (RSV) diagnostics market is expected to reach USD 1.2 billion by 2022, according to a new study by Grand View Research Inc. Increasing neonatal population suffering from respiratory conditions including RSV infections and supportive initiatives for diagnosis of newborns by the healthcare providers are expected to be vital impact rendering drivers for RSV diagnostics market.

According to the statistics provided by the WHO, hospitalization of over 150,000 children (below the age of five) and about 14,000 deaths in geriatric patients occurred in the U.S. in 2014 due to RSV infections. This is anticipated to trigger demand for testing of these conditions over the forecast period.

Furthermore, the global birth rate as of 2014 is 18.7 births per 1,000 individuals, which is predicted to increase the infant population substantially over the next seven years. According to the statistics, it is estimated that about 134.2 million births took place in 2014, which are prone to RSV infections and require diagnosis, thus forming a large market base.

In 2010, Save Babies Through Screening Foundation (SBTS) entered in a partnership with World Solutions Against Infectious Disease (WSAID) as an attempt to promote higher screening of newborns for infectious diseases, metabolic disorders, and hearing disabilities.

Further key findings from the study suggest:

  • Chromatographic immunoassay technology based products are expected to witness the fastest growth at a CAGR above 10.0% over the next seven years owing to their higher specificity than molecular diagnostic products. The commercially available test kits include Binax Now RSV, QuickLab RSV Test, Remel Xpect, and RSV Respi-Strip.
  • Hospitals are predicted to dominate the RSV diagnostics market followed by home care. Together, they are expected to contribute over 50.0% of the market share in 2022. Increasing demand for home care diagnostic devices by patients is anticipated to drive growth of the segment over the next seven years.
  • North America is anticipated to dominate the market and contribute a revenue share of over 40.0% by 2022. Rising awareness among the population base and favorable initiatives by the government agencies such as the WHO, PAHO, and WSAID to initiate and implement newborn screening are expected to drive growth.
  • Key players of the market include Alere Inc., EMD Millipore, BD and Company, Ortho Clinical Diagnostics, Roche Diagnostics, Abbott Laboratories, and Thermo Fisher Scientific Inc. CLIA waiver and launch of RSV assays by companies like Roche Diagnostics, Becton Dickinson and Company, and Alere Inc. are expected to boost market growth over the forecast period.

Grand View Research has segmented the Global Respiratory Syncytial Virus diagnostics market on the basis of products, end-use, and region:

RSV Diagnostics Market Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Direct Fluorescence Antibody (DFA) Method
  • Rapid Antigen Diagnostic Tests (RADTs)
  • Molecular Diagnostics
  • Chromatographic Immunoassay
  • Diagnostic Imaging
  • Gel Microdroplets
  • Flow Cytometry
  • Others

RSV Diagnostics Market End-use Outlook (Revenue, USD Million, 2012 – 2022)

  • Hospitals
  • Laboratory
  • Clinics
  • Homecare

RSV Diagnostics Market Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Peru
  • MEA
    • South Africa
    • 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.

Global Wood Vinegar Market Size Is Predicted To Reach $6.6 Million By 2025

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The global wood vinegar market is expected to reach USD 6.6 million by 2025, growing at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Increasing support from various governments for adoption of organic farming methods by small-farm holders for improved crop yield is the key factor driving the market growth. In addition, rapid expansion of organic farming in Asia Pacific is expected to boost the market demand further.

Wood vinegar, a natural extract from woods, makes it a better choice in agriculture pesticides category, as compared to animal feed and natural pesticides. The market is mainly driven by its varied uses in agriculture and animal husbandry industry, as it is accepted as a nutrient supplement by farmers and livestock producers, who seek to improve their crop yield by using bio pesticides.

In terms of revenue, agriculture segment accounted as the major application industry in 2016 and is estimated to continue its dominance with a share of 42.6% by 2025, as it is preferred as an organic pesticide and soil fertility enhancer. Globally, various governments and institutions are promoting the use of bio-degradable and non-toxic chemicals in farming. Such initiatives are boosting the growth of its applications in agriculture sector.

The demand for wood vinegar market is expected to surge owing to its increased acceptance from consumers globally. Abundant resources of wood biomass in Asia Pacific region are helping the farmers to produce wood vinegar domestically. In addition, it adds economic value to those farmers who cannot afford premium synthetic chemicals.

Further key findings from the report suggest:

  • Fast pyrolysis method is estimated to experience the fastest growth in terms of value at a CAGR of 6.5% from 2017 to 2025 on account of its ability to increase bio-oil yield, upon increase in temperature. Furthermore, growing innovation from producers of pyrolizers such as mobile pyrolysis plant and large pyrolizers that enhance the production capability is leading to the increased adoption of this method.
  • Agriculture industry emerged as the largest application segment in terms of revenue in 2016 and is estimated to reach USD 2.8 million by 2025. Increase in organic arable land in Asia Pacific and South & Central America region is expected to boost the growth over the years ahead.
  • The U.S. market in terms of revenue is estimated to reach USD 1.05 million by 2025. The market in Asia Pacific is projected to witness substantial growth over the next eight years particularly due to the dominance of established organic farming in Australia and expansion in China and India.
  • Key players including Wood Vinegar Australia, Sort of Coal ApS, VerdiLife LLC, Taiko Pharmaceutical Co., Ltd, Nettenergy B.V. and Applied Gaia Corporation dominated the global market.

Grand View Research has segmented the global wood vinegar market on the basis of Application, Method Type and Region:

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

  • Agriculture
  • Animal-Feed
  • Food, Medicinal, and Consumer Products
  • Others

Method Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Slow Pyrolysis
  • Intermediate Pyrolysis
  • Fast Pyrolysis

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central & South America
    • Brazil
  • 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.

New Released: Global Solar PV Glass Market Analysis, Statistics, Industry Reviews And Forecast 2025

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The global solar PV glass market is expected to be valued at USD 33.7 billion by 2025, according to a report by Grand View Research, Inc. Growing social and political consensus aimed at adopting clean energy sources is expected to drive the market in the coming years.

Solar PV glass is being increasingly used in various applications such as residential, non-residential and utility sectors. Tempered glass, in particular, is being employed in roofing applications as well as in the manufacturing of glass windows. In developing countries, regional governments are taking various initiatives to install solar panels not only on newly constructed buildings but also on old building structures. Government initiatives to achieve a sustainable future with clean energy are anticipated to positively drive the market over the forecast period.

Residential application segment is witnessing growth due to the rising penetration from untapped markets such as Asia Pacific as well as Central & South America. First-mover advantage and relatively low acquisition cost in untapped regions remain key driving factors in this application segment. However, the cost and length of customer acquisition is a primary concern and is projected to restrain the growth of the application segment over the next eight years.

North America is expected to witness the highest growth rate over the forecast period. The U.S. government is actively investing in solar energy plants to achieve a future with sustainable energy. According to the International Energy Agency (IEA), the U.S. government has passed multi-year extension of tax credits for renewable energy plants such as concentrating solar power (CSP) and solar PV glass stations. The government has laid down supportive environment policies at the state level for the installation and operation of these renewable energy plants & power stations.

Further key findings from the report suggest:

  • The global solar PV glass market was valued at USD 3.23 billion in 2016 and is expected to reach USD 33.72 billion by 2025 at a CAGR of 30.9% from 2017 to 2025
  • The utility segment is anticipated to ascend at a CAGR of 31.1% from 2017 to 2025. The large market share of utility segment can be attributed to various advantages offered including contribution to sustainability, enhancement of branding and public relations efforts, and reduction of the carbon footprint of facilities.
  • In 2015, Europe generated the maximum revenue accounting for over 50% of the total market share. The region is mainly benefitted from minimum prices on account of the European Union subsidies given to suppliers from China. Major solar PV installations are witnessed across Italy, Spain, and Belgium.
  • In terms of volume, Asia Pacific is expected to ascend at a CAGR of 26.7% from 2017 to 2025. Over 45% of the solar PV glass manufacturers are based in China and Japan, which is excepted to provide an advantage to market growth in this region over the forecast period. Lower prices and favorable climatic conditions are anticipated to benefit the overall regional market growth in the coming years.

Grand View Research has segmented the global solar PV glass market on the basis of application and region:

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

  • Residential
  • Non-residential
  • Utility

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

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Pakistan
    • Japan
  • Central & South America
  • 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.

For more information: www.grandviewresearch.com

Global RFID Technology Market Overview – Competitive Insights, Key Futuristic Trends And Opportunities 2025

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The global radio frequency identification (RFID) technology market is estimated to reach USD 40.5 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness a steady growth owing to the increasing demand from the retail sector and the healthcare industry.

RFID technology has been in use for several years now; however, the recent growth in its applications across a wide set of industries, such as retail, transport, medical, and defense, among others, has spurred its adoption. The retail industry is at the forefront and has witnessed its technological reconnaissance with the use of RFID tags. An interesting fact of the retail sector is the way it has successfully passed on the benefits of the technology to other industries in the supply chain with the help of the mandates.

An important aspect of the RFID technology market is the varying nature of manufacturing and evidently the related costs. The past decade has seen a considerable reduction in the production costs with the advent of many new technologies such as printing and ink-jet. As the vendors benefit from these trends in the market, the increasing penetration of cost-to-volume benefits is expected to perpetuate to the end users.

RFID devices are anticipated to witness a surge in demand as the technological proliferation has led to an extensive use of smart cards, access control, and other NFC applications. In addition, the use of Ubiquitous Sensor Networks (USNs) and many short-range wireless communications, such as WiFi and Zigbee, is expected to help in the RFID market growth. To sum up the trends in the market, the RFID industry is anticipated to witness a healthy growth in the coming years with technology, cost, and size fueling its rapid deployment.

 

Further key findings from the report suggest:

  • Government and industry specific mandates are expected to play a vital part in the deployment of RFID devices.
  • The key focus of industry veterans is RFID tags while emphasis laid on frequency bands and size optimization.
  • Numerous research and development activities are being carried out as the industry participants vie for the technological edge.
  • The impact of global technology trends, such as Internet of Things (IoT) and wearables, is prominent on the market and is expected to define the industry’s direction for the next decade.
  • The industry is fragmented in nature and there are several regional and global players operating in the market at various levels of the value chain.

Grand View Research has segmented the Radio Frequency Identification (RFID) technology market on the basis of products, frequency, application, and region:

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

  • RFID Tags
  • RFID Readers
  • Middleware

Frequency Outlook (Revenue, USD Million; 2014 – 2025)

  • Low Frequency
  • High Frequency
  • Ultra-high frequency

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

  • Retail
  • Financial Services
  • Healthcare
  • Industrial
  • Government
  • Transport & Logistics
  • Others

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

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

Global Fire Safety Equipment Industry Trends, Sales, Supply, Demand, Analysis & Forecast To 2022

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The global fire safety equipment market is expected to reach USD 43.60 billion by 2022, according to a new report by Grand View Research, Inc. Emerging technologies such as wireless sensor networks coupled with stringent safety regulations across the globe resulting in extensive use of advanced devices is expected to play a vital role in augmenting demand over the next seven years.

Stringent enforcement of building and safety codes are expected to increase penetration of these devices in infrastructure and construction segment. Growing adoption of advanced detection technologies and environment-friendly suppression agents is projected to play a vital role in shaping market dynamics.

Growing use of fire safety equipment in critical mass transportation infrastructure such as airports and intelligent transportation systems is expected to open new avenues for industry growth. Radically growing commercial sector, rapid industrialization and growing overall real estate industry in the developing countries is anticipated to fuel the demand.

However, the inconsistent enforcement of these codes is challenging manufacturers across the globe. Additionally, the rising maintenance and replacement services can hinder industry demand.

Further key findings from the report suggest:

  • The fire detectors market has significant growth opportunities owing to continuous innovations in smart home automation related applications. The industry is estimated to grow at a CAGR of over 7.5% by 2022. Further, increased adoption of safety standards and norms in industrial sectors such as power, oil & gas and transportation are also anticipated to fuel their demand.
  • The demand for fire suppression equipment across industrial applications is estimated to grow at a CAGR of over 9.0% from 2015 to 2022. Oil & gas is the primary field responsible for the expansion of these devices on a large scale. Rising investment of companies for safeguarding the infrastructure and reducing the loss of property and life across different commercial applications is estimated to further propel demand across the commercial sector.
  • Asia Pacific fire safety equipment market is estimated to grow at a CAGR of over 12.5% from 2015 to 2022. Growing economy combined with expanding construction sector offers a strong platform for investments across the region. Rising number of fire accidents across countries such as China, India are highlighting the need for better safety standards across varied commercial segments. Additionally, growing number of SMEs and enterprises are also anticipated to propel market growth
  • Key industry participants include Honeywell International, Tyco International, Bosch GmbH, Siemens Building Technologies and United Technologies.

Grand View Research has segmented the fire safety equipment market on the basis of solution, product, application and region:

Fire Safety Equipment Solution Outlook (Revenue, USD Million, 2012 – 2022)

  • Fire detection
  • Fire suppression

Fire Detection Equipment Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Fire detectors
    • Flame
    • Smoke
    • Heat
  • Fire alarms

Fire Detection Equipment Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Commercial
  • Industrial
  • Residential

Fire Suppression Equipment Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Fire extinguishers
    • Gas
    • Water
    • Dry chemical powder
    • Others
  • Fire sprinklers

Fire Suppression Equipment Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Commercial
  • Industrial
  • Residential

Fire Safety Equipment Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • 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.