Global Market Insights, Inc.

Tuesday, 14 March 2017

Concentrated Solar Power Market in China to exceed 7 GW by 2025

The solar technology report “Concentrated Solar Power Market Size, By Technology (Parabolic, Linear Fresnel, Power Tower, Dish), Industry Analysis Report, Regional Outlook (U.S., Spain, Italy, Australia, Morocco, China, India, South Africa, Chile, Saudi Arabia, the UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025”, by Global Market Insights, Inc. says Concentrated Solar Power Market size will exceed 24 GW by 2025.

Growing adoption of clean energy fuel over conventional fuel will drive the global concentrated solar power market size over the forecast timeframe. Government measure towards carbon footprints and greenhouse gas emissions may further compliant the industry growth.

Rising electricity demand coupled with increasing investments to raise efficiency index will foster the concentrated solar power market share. In July 2016, U.S. federal government funded USD 9 million towards research and development of six CSP projects with an aim to reduce the overall project cost through technological advancements.

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Declining component cost coupled with favorable government incentives including carbon credits, and renewable energy certificates will upsurge the global concentrated solar power market by 2025. Easy integration with grid makes it most cost-effective energy alternatives for large scale power generation.

Ability to store solar energy as heat, CSP can deliver low emission power, even after the sun sets. Reliably and flexibly of power supply help to mitigate the supply and demand mismatch. However, high capital cost compared to other available sustainable energy may act as restraint over the forecast timeline.

Parabolic troughs accounted for over 70% of the global concentrated solar power market in 2015. Low cost with matured technology are some of the advantages over other available thermal systems will may positively impact the business growth.

Global concentrated solar power market size from power tower for 2015 was valued over USD 2.8 billion. Improved heat storage, high efficiency, low cost, and effective capacity factor may favor the business landscape.

U.S. concentrated solar power market share will see growth, of over 8% by 2025. Federal government initiatives including tax rebate, financial assistance and net metering will complement the industry outlook.

Chile concentrated solar power market revenue is set to witness strong growth of over 25% over the forecast timeframe. Favorable climatic conditions with strong pipeline projects will boost the business. Morocco is set to exceed USD 5 billion by 2025. Noor solar plan targets of 2 GW of solar capacity addition by 2020 will positively favor the industry growth.

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Spain concentrated solar power market size for 2015 was valued over USD 15 billion. Government emphasis to replace conventional fossil fuel technology with efficient clean energy technology will augment the industry landscape.

China concentrated solar power market is predicted to exceed 7 GW by 2025. The Government of China in its 13th five year plans aim to install 110GW solar power plants, of which 5GW will be accounted from CSP. Favorable initiatives including feed in tariff and tax benefits may further boost the business.

Key industry players include Siemens, TSK Flagsol, NextEra Energy Resources, eSolar, Solar Millennium, Areva, Acciona, Solar Reserve, BrightSource Energy, and Abengoa.

Browse key industry insights spread across 117 pages with 149 market data tables & 11 figures & charts from this 2017 report Concentrated Solar Power Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/concentrated-solar-power-market

Concentrated solar power market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in MW and revenue in USD Million from 2014 to 2025, for the following segments:

Global Concentrated Solar Power, By Technology

Parabolic
Linear Fresnel
Power Tower
Dish

The above information is provided country basis for the following:

U.S.
Spain
Italy
Australia
Morocco
China
India
South Africa
Chile
Saudi Arabia
UAE

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Monday, 6 March 2017

Global Thin Film Battery Market to grow at over 25% CAGR from 2016 to 2024

Industry Overview

The report “Thin Film Battery Market Size By Product (Chargeable, Disposable), By Application (Wearable Electronics, Medical Devices, Smart Cards, Consumer Products, Backup Power, RFID, Sensors), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Russia, China, India, Japan, South Korea, Saudi Arabia, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Thin Film Battery Market size worth USD 200 million in 2015, is estimated to grow at a CAGR of 25% over the period of 2016-2024.

Increasing demand for light weight, compact, and portable products have spurred the growth for thin film battery market. Internet of things has contributed towards a great deal in regards with increasing application of thin film battery in phablets and smartphones coupled with its utilization in sensor networks. Rising standard of living with high disposable incomes will generate increased adoption for wearable devices including watches, smart fabrics, fitness trackers, and glasses and will in turn favor the thin film battery industry trends. The various benefits allied with the use of thin film battery in electronics include lower cost, less weight, higher energy density, and smaller footprint.

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The chargeable and disposable battery are the two-major product categories of the thin film battery industry. Chargeable batteries are suitable for wireless sensors networks and have accounted for over 40% of the overall industry revenue in 2015. The other type, i.e. disposable thin film battery acts as energy source for semi-battery-assisted passive RFID, greeting cards, toys, consumer music, semi-active tags with sensors, and one-time password display type smart cards. Disposable thin film battery market is estimated to register a CAGR of 20% over the period of 2016-2024.

The ability of thin film batteries to perform better makes its adoption more common in medical devices, wearable electronics, consumer products, smart cards, RFID, sensors, and backup power applications. Increasing number of mobile users along with rising adoption of smart cards, SIM cars, EMV cards will stimulate the thin film battery industry share. The smart card application is projected to surpass USD 130 million by 2024. These batteries also find important application in security systems, as RFID and sensors are used to monitor risks related to cyber security and financial crimes augmenting the thin film battery market outlook.

US thin film battery market worth USD 70 million in 2015, is anticipated to witness heavy gains due to increasing adoption of EVM chip card technology. By 2018, over 95% of credit cards would be enabled with EMV chip which will create huge opportunities for regional growth. Furthermore, Brazil thin film battery market will also witness promising growth, owing to increasing implementation of EVM chips to minimize payment scams.

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Backup power is another lucrative area of application where thin film battery finds immense application, owing to increasing demand for uninterrupted power supply and rapid growth of wireless communication system. Thin film battery industry demand from backup power is anticipated to register a CAGR of 20% over the period of 2016-2024. Moreover, medical device applications will witness heavy gains, owing to increasing adoption of throw-away medical equipment.

Asia Pacific thin film battery industry is anticipated to witness significant growth due to heavy regional demand for wearable devices and increase in per-capita income in countries such as China, South Korea, and Japan. China thin film battery market size is estimated to surpass USD 100 million in coming seven years.

Few of the notable industry players are Excellatron Solid State LLC, STMicroelectronics, BrightVolt Inc, Imprint Energy Inc, Cymbet Corporation, Enfucell Oy, Blue Spark, and FlexEl.

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Thursday, 2 March 2017

Industrial Machinery Market in packaging machinery industry to reach $65bn by 2024

Industry Overview

The report “Industrial Machinery Market Size By Application (Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Global industrial machinery market share is estimated to surpass a revenue of USD 771 billion by 2024.

Escalating industrialization & growing trend of automation will stimulate industrial machinery market growth over the coming years. Agricultural sector is significantly sharing the industrial machinery business space, driven by the ease of crop harvesting and growing demand for agricultural automation. Incorporation of technological features such as GPS in agricultural equipment along with economic development will propel industrial machinery industry trends. Agricultural equipment includes farm tractors, planting & fertilizing, plowing & cultivating, haying, harvesting, liquid fertilizer sprayers, and livestock machinery.

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Moreover, supporting regulatory norms regarding infrastructural tax will boost construction activities across the countries such as India, South Korea, and Japan. Growing need of excavators for heavy lifting, landscaping, brush cutting, river dredging, etc. will positively influence the industrial machinery market size. Furthermore, upgrowing R&D in various segments such as automation of operations, steering systems, and data management is likely to positively impact the market.

Food processing, semiconductor manufacturing, mining, agriculture, construction, packaging are the key application areas of the global industrial machinery market. Packaging application will surpass a revenue USD 65 billion by 2024, primarily driven by increasing demand for packaged food and beverages across the burgeoning middle-class population. Additionally, rising demand for multi-functional systems and emerging technologies such as vision sensors, EOAT (end-of-arm-tooling) design will boost industrial machinery industry size. Moreover, growing industrialization will drive construction and mining applications, with a growth rate of 4.5% over the period of 2016 to 2024.

Furthermore, rapid urbanization, changing consumer lifestyle, and increasing disposable income will notably impact revenue generation in food processing application, which will exhibit lucrative annual growth rate of 7% over the coming seven years. Moreover, the liberalization of trades in food & agriculture, growing awareness about food brands will further drive industrial machinery market size in food processing application.

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Considering global industrial machinery market, APAC region contributed majorly towards worldwide revenue in 2015. China will lead the Asia Pacific industrial machinery industry growth. The attributing factors are increasing foreign investment for local production facilities and development across consumer durables & food processing sectors.

Europe industrial machinery industry size is predicted to register a growth rate of 4.7% over the above-mentioned time, owing to the strict government regulations pertaining to emissions, noise free operations, and safety. Expanding construction equipment rental market will also positively influence the industrial machinery business share.

Market players will enhance their sale by strategic partnerships with the key suppliers to attract more customers. Heavy investment in R&D to come up with better quality products will be a major growth strategy over the coming years. Komatsu Limited, Caterpillar Inc., Hitachi, Atlas Copco, Volvo, Terex, and Sandvik are some of the leading companies in the industrial machinery market.

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Wednesday, 1 March 2017

Global Intelligent Virtual Assistant Market to exceed $11bn by 2024

Industry Overview

The report “Intelligent Virtual Assistant (IVA) Market Size By Technology (Speech Recognition, Text-To-Speech, Voice Recognition), By Service (Customer Service, Marketing Assistant), By Application (Automotive, BFSI, Retail, IT & Telecom, Healthcare, Education), By End-Use (SMBs, Large Enterprises, Individual Users), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Global intelligent virtual assistant market size is estimated to grow at an annual growth rate of 34.9% over the coming seven years.

Rapid technological advancements and innovations will stimulate intelligent virtual assistant (IVA) market share over the coming period of 2016 to 2024. The technology assisted advantages such as high customer satisfaction, enhanced support, personalized customer service, low operating cost, and multiple languages & device support will increase the demand for IVA worldwide. Healthcare and automotive sector are increasingly adopting speech recognition technology, which will further significantly drive IVA industry share. The huge investment in R&D by firms to enhance their products and solutions portfolio in sync with the latest technological trends will noticeably influence the industry trends.

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Automotive, healthcare, BFSI, IT & telecom, education, and retail are some of the key application areas for the intelligent virtual assistant market. The automotive application is estimated to surpass a revenue of USD 2.8 billion by 2024, owing to the increasing incorporation of IVA technology for the automotive sector. For instance, dragon drive automotive virtual assistant platform for connected cars has been released recently, which improves the in-car experience of the driver.

The escalating healthcare sector will generate heavy revenue for intelligent virtual assistant industry over the coming period, driven by its increasing requirement from hospitals to request lab results as well as to schedule appointments. Retail applications will also play a significant role towards intelligent virtual assistant market growth over the coming timeframe, owing to the quick and cost-effective problem-solving capability.

The IVA technology is segmented in terms of speech recognition, voice recognition, and text-to -speech. Speech recognition technology is predicted to surpass a revenue of USD 7.5 billion by 2024, driven by its increasing implementation in mobile devices. Voice recognition IVA technology is estimated to exhibit substantial growth over the coming years. The growth can be attributed to the increasing demand for this technology for voiceprints and biometric identification applications.

Based on end-use, intelligent virtual assistant market mainly comprises large enterprises, small & midsized business (SMBs), and individual users. SMBs end user segment is projected to witness an annual growth rate of 37% over the coming seven years owing to the increasing adoption of IVA technology by SMBs, due to its advantages such as reduced operating cost and improved business quality.

The IVA service includes customer service and marketing assistant. IVA technology helps to solve large number of customer’s problems with dynamically improved and refined way. This, in turn, will surge the demand for IVA technology for customer service, which is anticipated to exhibit a CAGR of 35% over the period of 2016 to 2024.

Taking into consideration the global aspects, North America is expected to dominate the industry share over the coming years, owing to the huge implementation of BYOD and enterprise mobility business model. Increasing demand for smartphone-assisted platform will influence North America IVA industry growth notably.

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Asia Pacific intelligent virtual assistant market is predicted to grow at an annual growth rate of 40% over the coming seven years. The rise in technological advancement will be the attributing factor towards the regional growth. India and China will be the major revenue pockets for the Asia Pacific IVA industry share.

Nuance, Clara Labs, IBM, eGain, and Creative Virtual are some of the leading companies operating in the global intelligent virtual assistant industry. Other notable market participants include InteliWise, Artificial Solutions, CX Company, and Anboto Group.

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Monday, 27 February 2017

Ammunition Market share worth over $11.5bn by 2025

The industry outlook “Ammunition Market Size By Caliber (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar), By Application (Defense, Civil), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Japan, China, India, South Korea, Mexico, Brazil, Saudi Arabia, UAE, Israel, Africa), Growth Potential, Regulations, Competitive Market Share & Forecast, 2016 – 2025” by Global Market Insights, Inc. says Ammunition market size worth USD 9 billion in 2015, is forecast to grow at an annual rate of 2.8% over the period of 2016-2025.

The rising necessity to safeguard nation’s security and enhance the defense capability countering the terrorist attacks will boost the global ammunition market. The weaponry or arms & ammunitions hold a major part of the nation’s annual expenditure. Moreover, the rising geopolitical issues have also imposed a threat to the overall national and international security, thus providing lucrative growth avenues for the ammunition industry. The growing trend of recreational activities such as hunting and shooting will also generate decent revenue for the ammunition market.

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Weaponry industry is witnessing technology developments at a fast pace. The demand to empower the defense forces with efficient and advanced artillery is paving a lucrative path for the ammunition market. Industry players are investing a wholesome amount in R&D to develop hi-tech weapons and ammunitions.

As per a report by Stockholm International Peace Research Institute (SPIRI) in 2015, the U.S., China, Russia, and Saudi Arabia were the top countries investing heavily in the ammunition industry. U.S ammunition market will dominate North America region by accounting for 90% of regional revenue by 2025, owing to the growing consumption of small and medium capacity ammunition for recreational activities such as shooting games along with growing awareness about criminal activities. Additionally, U.S. will be the production hub for the ammunition.

Browse key industry insights spread across 110 pages with 88 market data tables & 60 figures & charts from this 2017 report Ammunition Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/ammunition-market

Asia Pacific ammunition industry size occupied 28% of the global market share in 2015 and will grow significantly over the coming years. The countries across the APAC are investing more money into defense activities to deal with the internal and external conflicts, which will fuel the ammunition market size noticeably. Moreover, rising entertainment and sports activities will also influence the Asia Pacific ammunition market trends. China, India, and Japan will be the major revenue contributors towards the regional growth.

Russia ammunition market share will exhibit lucrative opportunities for the industry players due to the surging demand for ammunition along with the growing participation of foreign companies and increasing number of defense equipment, accessories, and sporting armaments.

Based on the caliber, ammunition market is divided mainly into the mortar, artillery, large caliber, medium caliber, small caliber. Shifting public focus towards shooting as a major sports activity will generate heavy demand for ammunition over the coming years. Small caliber ammunition accounted for more than 45% of the global market share in 2015 and will grow noticeably over the coming years, primarily driven by its rising usage for defense and civil purposes. Furthermore, non-lethal ammo such as wax bullets, rubber bullets, plastic bullets, and beanbag rounds are being prominently used for recreational activities. Artillery and mortar caliber finds major application across defense sector, which will drive the ammunition industry growth considerably.

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The defense and civil are the prominent application segment of the ammunition market outlook. The civil application is further divided into law enforcement, self-defense, and sports & hunting. Defense sector will dominate application segment by contributing for over 50% of the total ammunition industry share by 2025. In addition, the ministry of defense, India, is promoting private industry players to invest heavily in ammunition production for defense under the ‘make in India program’.

Market players are focusing on new development and up-gradation to produce high-quality products. General Dynamics Corporation, Olin Corporation, Nammo AS, Orbital ATK, Remington Arms, BAE Systems, Hornady, CCI, Nexter Systems, RUAG Ammotec, Global Ordnance, Federal Premium Ammunition, Poongsan Corporation, and Denel PMP are some of the prominent industry players in the ammunition market.

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Thursday, 23 February 2017

Solar Cells Market share in Chile to reach over USD 700 million by 2024

Industry Overview

The report “Solar Cells Market Size By Technology (Crystalline Silicon Cells, Thin Film Cells, Ultra-Thin Film Cells), By Product (Polycrystalline, Monocrystalline, Cadmium Telluride (CDTE), Amorphous Silicon (A-Si), Copper Indium Gallium Diselenide), By Grid (On-Grid, Off Grid), By Application (Residential, Commercial, Utility), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, Spain, France, China, India, Japan, Australia, UAE, South Africa, Brazil, Chile, Argentina), Growth Potential Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Solar cells market size is expected to record significant gains of 12% over the period of 2016-2024.

Strict legislations to check environmental pollution along with high popularity of clean fuel technologies is expected to push solar cells market growth over the next few years. Moreover, favorable government policies promoting solar cells installations as a part of its energy conserving initiative/strategy along with it being an effective tool for electricity/power generation, will spur the industry growth. High demand for off grid electricity plus diminishing costs of solar cell components, is projected to drive the market trends over the coming timeframe. Effective measures to provide uninterrupted as well as clean power supply to off-grid and remote locations having poor access to electric supply, is anticipated to significantly drive the solar cells industry growth.

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Based on the technology trends, solar cells market is classified into thin film cells, crystalline silicone cells, and ultra-thin film cells. Thin film solar cells industry, valued at over USD 8 billion in 2015, is expected to experience a significant growth over the coming years, owing to its efficient functioning ability. Crystalline silicone cells technology is projected to register a considerable growth over the coming seven years, driven by its lower component costs. Ultra-thin film solar cells market value, worth USD 3 million in 2015, is expected to witness a lucrative growth over the coming seven years as a result its high efficiency & lightweight features.

Solar cells find extensive applications across residential, utility, and commercial sectors. Rising popularity of standalone systems along with heavy demand for rooftops are expected to boost the industry growth across residential sector. Solar cells industry size in the commercial sector is expected to grow considerably over 2016-2024, driven by a great urge for generating clean and reliable power.

Considering the product trends, the industry is segmented into Cadmium Telluride, Polycrystalline, Copper Indium Gallium Diselenide, Monocrystalline, and Amorphous Silicon. Polycrystalline solar cells market revenue is anticipated to grow noticeably over the next few years, driven by lower costs coupled with its enhanced use across commercial and residential sectors.

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Below are the regional highlights pertaining to solar cells industry over 2016-2024

· Rising preference for using renewable energy along with stringent measures towards reduction of GHG emissions has contributed considerably towards Europe solar cells industry growth. UK is expected to be a major regional revenue contributor.

· North America solar cells market will experience an impressive/notable growth over the coming years, led by strict rules to reduce power consumption along with preservation of green environment. U.S. is forecast to be a key regional revenue pocket.

· Government schemes promoting sustainable energy use along with favorable policies such as tax benefits as well as net metering are expected to accelerate Asia Pacific solar cells industry growth over the coming years. China, Australia, and India are projected to drive the regional growth.

· High requirement for off-grid power supply is expected to drive MEA solar cells market size considerably over the next few years, with South Africa expected to make significant contributions towards the regional share.

· LATAM solar cells industry is predicted to observe a high surge over the coming seven years, driven by high application/use of the solar cells technology across rapidly expanding utility and commercial (construction) projects. Brazil and Chile are expected to contribute heavily towards the regional revenue.

Browse key industry insights spread across 152 pages with 482 market data tables & 12 figures & charts from the report Solar Cells Market in detail along with the table of contents:

https://gminsights.wordpress.com/2017/02/07/solar-cells-market

Key industry participants include Mitsubishi Electric Corporation, SunPower Corporation, Yingli Solar Energy Company, Jinko Solar Photovoltaics Company, Moser Baer India Limited, Trina Solar, First Solar Inc., Sunedison Inc., Tata Power Solar Systems Limited, SolarWorld Photovoltaics Company, GreenBrilliance, and Indosolar Company.

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