Low Nitrogen Emission Offered By The Product In Crop Protection Chemicals Is Expected To Drive The Market Growth

The global Ammonium Nitrate Market is expected to reach USD 6.18 billion by 2025, according to a new report by Grand View Research, Inc. Superior stability and low nitrogen emission offered by the product in crop protection chemicals is expected to drive the market growth.

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At present, stringent regulations related to transportation, storage, handling, and usage of ammonium nitrate is forcing the manufacturers to opt out of the market. Moreover, the profit margins are shrinking owing to rising substitutes including urea, which further discourages the new entrants to invest in the market which is likely to have a negative impact on the industry trend.

The industry has several players, which are integrated across the value chain to manufacture raw materials. Strong foothold of the existing players in the market is expected to increase entry barrier of new players. In addition, the rivalry between established producers is expected to increase on the account of low product differentiation.

Rising penetration of urea as a substitute for the product in fertilizer application is expected to hamper the industry growth. However, the product offers the better efficiency of nitrogen uptake and has low carbon footprints than urea, which is likely to have a positive impact on the industry trends over the forecast period.

Access Full Research Report on Ammonium Nitrate Market: www.grandviewresearch.com/industry-analysis/ammonium-nitrate-market 

Further key findings from the report suggest:

  • The demand for the product in China was valued at USD 644 million in 2016 owing to the high production volumes of nitrogen fertilizers in the country for domestic applications as well as exports
  • Ammonium nitrates in explosive application is expected to grow at a CAGR of 2.8% from 2017 to 2025, owing its rising demand from military sector for manufacturing of smart explosives
  • Fertilizers segment accounted for 60% of the total volume consumed in 2016 and is projected to grow owing to dynamic growth of agricultural activities in developing economies including Brazil, India and China
  • The market in Asia Pacific is expected to grow at the highest CAGR of 3.9% from 2017 to 2025, owing to rising coal and mineral mining activities across Asian countries especially in China and India
  • Ukraine was one of the largest consumer markets for the product in the world and is expected to grow at a CAGR of 3.1% from 2017 to 2025, owing to high demand for the product in fertilizers
  • As of 2016, the major players in the industry including EuroChem Group AG, CF Industries, Orica, and Austin Powder International hold over 35% of the world’s ammonium nitrate production capacity

Read Our Blog: www.grandviewresearch.com/blogs/bulk-chemicals

Grand View Research has segmented the global ammonium nitrate market on the basis of application and region:

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

  • Fertilizers
  • Explosives
  • Others

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

  • North America
    • US.
  • Europe
    • Ukraine
    • Poland
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Egypt

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-ammonium-nitrate-market

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: https://www.grandviewresearch.com

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Baking Ingredients Market Is Anticipated To Grow At A CAGR of 5.8% over the forecast period

The global baking ingredients market is expected to reach USD 19.4 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.8% over the forecast period, owing to Increasing consumer preferences for wide variety of tastes is expected to be the key factor driving the growth of baking ingredients market. In addition, rise in food-away from home expenditures is also propelling market growth.

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Baking ingredients are widely used in various end-use segments such as bread, cookies, biscuits, cakes, pastries, rolls, pies, tarts and cupcakes. The baking ingredients market is mainly driven by the demand from the bread end-use segment, as it is the staple food in developed countries and affordable to many price sensitive consumers in emerging economies. In countries like China and India, bread is replacing many traditional breakfast and snack items.

Increase in away from home food expenditures is leading to the increase in the number of retail outlets, in-store bakeries, convenience stores, artisan bakeries, and coffee shops providing various baked good with innovative flavors. In addition, increasing urbanization and improving economic conditions in transition economies is also having a cumulative effect on the overall market.

In terms of revenue, enzymes and emulsifiers were estimated as the fastest growing ingredients. These segments are expected to register double digit growth rate in China. Enzymes and emulsifiers have several positive influences in the baking process such as improving the dough stability, extending shelf life, influencing fermentation activity and reduces production cost. Enzymes, emulsifiers, leavening agents, oils, fats and shortenings help in expanding the penetration of packaged food market.

Access Full Research Report On Baking Ingredients Market: www.grandviewresearch.com/industry-analysis/baking-ingredients-market 

Further key findings from the report suggest:

  • Enzymes as baking ingredient is expected to witness the highest growth in terms of value at a CAGR of 7.9% from 2017 to 2025. Enzymes have a prominent role in increasing the shelf-life and providing anti-staling properties in the baked product. Furthermore, technological advancements in developing new enzymes is expected to augment the growth over the forecast period.
  • Bread segment emerged as the largest end-use in terms of value in 2016 and is estimated to reach USD 8,541.6 million by 2025. Bread is a staple food in many of the countries in Europe, North America and Central & South America and has varied application in food processing industry.
  • The industry in Asia Pacific is expected to witness significant growth over the next eight years owing to rising working population and customer’s inclination adapting western food life style. In terms of revenue, the Asia Pacific is expected to grow at a CAGR of 7.2% from 2017 to 2025
  • Key players include Flowers Foods Inc, Hostess Brands LLC, Mckee Foods Corporation, George Weston Ltd., Grupo Bimbo. S.A.B. de C.V., Uniferm GmbH & Co., Koninklijke DSM N.V, General Mills Inc, Associated British Foods Plc

Read Our Blog: www.grandviewresearch.com/blogs/food-and-beverages

Grand View Research has segmented the global baking ingredients market on the basis of end-use, product type and region:

Baking Ingredients End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • Bread
  • Cookies & Biscuits
  • Cakes & Pastries
  • Rolls & Pies
  • Other

Baking Ingredients Product Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Emulsifiers
  • Leavening Agents
  • Enzymes
  • Baking Powder & Mixes
  • Oils, Fats, and Shortenings
  • Colors & Flavors
  • Starch
  • Others

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

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

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-baking-ingredients-market

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

Biological Implants Market Is Driven By Rising Advancements In Tissue Engineering

The Global Biological Implant Market is anticipated to reach USD 9.8 billion by 2024, according to a new report by Grand View Research, Inc. Biological implant market is driven by rise in adoption of grafts and organ substitutes for reconstructive surgeries for various clinical applications such as cardiovascular, orthopedic and other soft tissue repair. The main challenge associated with the use of these products is to incorporate such a material that can specifically adapt to the biology of the surrounding environment in order to accelerate regeneration and repair. To overcome this challenge, research endeavors are carried out in order to develop such devices from biological source thus affecting industrial growth in the coming years.

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Modification in the process of composite grafting is expected to play a crucial role in tackling reimplantation of amputated fingertips by bringing development in the overall process of grafting. Moreover, rising competition amongst key participants operating in this market is one of the high impact rendering factors to accelerate the growth. 

Access Full Research Report on Biological Implant Market: www.grandviewresearch.com/industry-analysis/biological-implants-market 

Further key findings from the report suggest:

  • Depending upon the source or donor of grafts, products offered can be categorized into autograft, allografts, and xenografts. Xenografts dominated the revenue share in 2015 with a revenue share of over 50%. However, allografts are expected to witness the fastest growth owing to the fact that they are derived from same species and produce considerably less chances of foreign immune reaction, thereby influencing adoption rate.
  • Biological implants serve various application domains which include cardiovascular, orthopedic, and other soft tissue implants. Soft tissue products accounted for the largest share in 2015 as a result of higher usage of the products in the field of dentistry. Even though cardiovascular implants accounted for lowest penetration in the current scenario, demand for cardiovascular stents and valves obtained from biological source is expected to expand, consequently boosting revenue generation from this segment.
  • Amongst surgical and injectable mode of administration, surgical mode is estimated to hold the larger share, as a consequence of availability of several products administered via this route. Introduction of minimally invasive techniques for surgical incorporation of grafts is also one of the significant factors propelling growth in this segment.
  • North America dominated the market with a revenue share of 50% due to widespread presence of participants coupled with high aesthetic and healthcare awareness levels amongst the population in this region.
  • Asia Pacific is estimated to exhibit the fastest growth in the coming years due to presence of the target population and rapidly improving health care infrastructure which is attributed to drive the demand for tissue engineered products and biological implants.
  • Major players operating in this industry include Medtronic, NuVasive, Inc, Stryker Corporation, Conmed Corporation, CryoLife, Edwards LifeSciences Corporation, Acelity, Integra LifeSciences Corporation, Allergan Plc, RTI Surgical, IOP Ophthalmics, Organogenesis Inc, BioPolymer GmbH & Co. KG, Osiris Therapeutics, Baxter International, Vericel, Aplhatec Spine Inc, Maxigen Biotech Inc, Auto Tissue Berlin GmbH, MiMedx Group, Inc., Biotissue Technologies,
  • These players are undertaking different business strategies to boost their respective penetration and enhance market presence. These strategies include novel product developments and geographic expansion by involving in collaborative activities in order to grab the larger share of revenue. For instance, in April 2016, Stryker Corporation acquired Stanmore Implants Worldwide Limited which is expected to enable the company to provide differentiated technologies to orthopedic oncology surgeons, thus propelling growth over the forecast period.

Read Our Blog: www.grandviewresearch.com/blogs/healthcare

Grand View Research has segmented biological implant market on the basis of product, application, mode of administration, and region:

Devices Outlook, by Product (Revenue, USD Million, 2013 – 2024)

  • Autografts
  • Allografts
  • Xenografts

Outlook, by Application (Revenue, USD Million, 2013 – 2024)

  • Cardiovascular Implants
  • Orthopedic Implants
  • Other Soft Tissue Implants

Devices Outlook, by Mode of Administration (Revenue, USD Million, 2013 – 2024)

  • Surgical
  • Injectable

Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
  • MEA
    • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-biological-implants-market

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

Novel Drug Discovery Studies Is Expected To Drive Computational Biology Demand Over The Next Six Years

The Global Computational Biology Market is expected to reach USD 4,285.1 million by 2020 growing at a CAGR of 21.1%, according to a new study by Grand View Research, Inc. Steady increase in the usage & application of computational biology for bioinformatics R&D programs designed for sequencing genomes to better understand biological systems and increasing number of clinical studies in pharmacogenomics and pharmacokinetics for novel drug discovery studies are expected to drive computational biology demand over the next six years.

Computational genomics for cellular and biological simulation applications dominated the market in 2013, accounting for over 47% of global revenue. Key factors driving demand for these applications include the growth of drug designing, disease modeling and personalized medicine applications and the growing usage of computational biology for functional and structural genomics, epigenomics and metagenomics for the analysis of protein transcription, protein-protein interactions, gene sequencing and expression and 3-dimensional protein structure analysis.

Access Full Research Report on Computational Biology Market: www.grandviewresearch.com/industry-analysis/computational-biology-market 

Further key findings from the study suggest:

  • North America was the largest regional market, accounting for 58.0% of the global revenue in 2013. Its large share is majorly attributed to the growing research investments and initiatives for development of drug discovery, disease modeling technologies and innovations in biological computation methods. It is expected that Asia Pacific will witness the fastest growth in the market, at an estimated CAGR of 28.0% owing to the increasing expenditure in clinical studies for pharmacokinetics and pharmacogenomics.
  • The application of computational biology in proteomics for cellular simulation is expected to grow at the fastest CAGR of over 22% owing to the shift in sequencing studies towards further analysis of the nature of various biological proteins as a part of development of personalized medicine.
  • Drug discovery and disease modelling applications dominated the market, accounting for 58.0% of global revenue in 2013. This large share is attributed by the extensive drug development pipelines present for a number of global branded and generic drug manufacturing firms such as Sanofi, Novo Nordisk and Eli Lilly.
  • Computational Biology databases dominated the tools segment and accounted for 44.5% of the market revenue in 2013, owing to extensive genomic database usage for warehousing and data mining of biological and sequential data generated from genomic and proteomic studies. Consequentially, the software and services for the analysis of biological data is expected to witness the fastest CAGR of over 21.0%.
  • Key players of this market include Schrodinger, Accelrys, Certara, Entelos, Simulation Plus and others.

Read Our Blog: www.grandviewresearch.com/blogs/healthcare

Grand View Research has segmented the computational biology market on the basis of applications, tools, services, end users and region:

Computational Biology Application Outlook

  • Cellular & Biological Simulation
    • Computational Genomics
    • Computational Proteomics
    • Pharmacogenomics
    • Others (Transcriptomics/Metabolomics)
  • Drug Discovery and Disease Modelling
    • Target Identification
    • Target Validation
    • Lead Discovery
    • Lead Optimization
  • Preclinical Drug Development
    • Pharmacokinetics
    • Pharmacodynamics
  • Clinical trials
    • Phase I
    • Phase II
    • Phase III
  • Human Body Simulation Software

Computational Biology Tools Outlook

  • Databases
  • Infrastructure (Hardware)
  • Analysis Software & Services

Computational Biology Services Outlook

  • In-house
  • Contract

Computational Biology End User Outlook

  • Academics
  • Industry
  • Commercial

Computational Biology Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • ROW

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-computational-biology-market

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

Automotive Metal Stamping Industry Is Foreseen To Grow Owing To The Rising Demand In Automotive Industry & Low Manufacturing Cost

The global Automotive Metal Stamping Market is expected to reach USD 112.38 billion by 2024, according to a new report by Grand View Research, Inc. The industry is anticipated to grow owing to the rising demand in automotive industry and low manufacturing cost. Increasing sheet metal usage in the production of automobile chassis, transmission components, interior & exterior structural components are expected to drive market growth over the forecast period.

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Growing use of alloys such as titanium, cast aluminum, cast iron, and forged steel still form an integral part of automotive engines. Furthermore, technological advancements including the use of hybrid electromagnetically assisted sheet metal stamping machines which significantly reduces failures by controlling the strain distribution during stamping is expected to have a positive impact on industry growth.

The automotive manufacturing sector in Asia Pacific and Latin America is rapidly developing with major overseas OEMs establishing production plants to capture the local automobile demand. This has enabled technology transfer to these regions, thus promoting industry growth over the next eight years.

Access Full Research Report: www.grandviewresearch.com/industry-analysis/automotive-metal-stamping-market

Further key findings from the report suggest:

  • Blanking automotive stamping process accounted for over 35% of the revenue share in 2015. Blanking is an integral part of automobile manufacturing chain owing to its precise and superior stamping ability. Furthermore, rising use of the technology in mass production lines is expected to propel demand over the forecast period.
  • Coining technology is expected to witness significant growth, growing at a CAGR of over 3% from 2016 to 2024. Growing use of the technology in manufacturing precision parts that require finer polished surface finishes is likely to propel demand.
  • Automotive metal stamping demand in commercial vehicles was valued at over USD 20 billion in 2015. Growing use of the technology in manufacturing components and body work in commercial vehicles is likely to propel demand over the next eight years. The manufacturing of commercial vehicles has been continuously growing in China, Japan, Germany and the U.S., which is expected to have a positive impact on market growth.
  • North America demand for automotive metal stamping in cars was over 6 billion in 2015. Rising production of automobiles including cars and heavy trucks is expected to increase demand for the technology in the next eight years. Furthermore, the presence of major manufacturers including Ford, Chrysler, and General Motors is expected to promote growth opportunities over  the forecast period.
  • Key players in the industry include Aro Metal Stamping, Alcoa Inc., Kenmode Precision Metal Stamping, Martinrea International, Shiloh Industries, Inc., include Acro Metal Stamping, Lindy Manufacturing, Manor Tool & Manufacturing Company, American Industrial Company, Wisconsin Metal Parts, Inc., and Clow Stamping Co.

Read Our Blog: www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the automotive metal stamping market on the basis oftechnology, application and region:

Automotive Metal Stamping Market Technology Outlook (Revenue, USD Million, 2013 – 2024)

  • Blanking
  • Embossing
  • Bending
  • Coining
  • Flanging
  • Others

Automotive Metal Stamping Market Application Outlook (Revenue, USD Million, 2013 – 2024)

  • Cars
  • Commercial Vehicles
  • Recreational Vehicles
  • Transportation

Automotive Metal Stamping Market Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
  • Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-automotive-metal-stamping-market

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

Growing Investments In Smart Grid Are Presumed To Stimulate The Solid State Transformer Market Growth

The global Solid State Smart Transformers Market is projected to attain USD 531.5 million by 2025, according to a new study by Grand View Research, Inc. The growing investments in smart grid are presumed to stimulate the market growth over the next eight years.

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The need for efficient power supply and low-cost electricity is significantly encouraging power companies to develop the solid-state transformer technology. The technology is anticipated to be commercialized by 2018 and is expected to pave way for large-scale adoption of SSTs for renewable energy distribution and smart grid systems.

Government investments for increasing the implementation of smart grid systems are further expected to drive the demand for SSTs over the forecast period. These transformers comprise features such as bidirectional power supply and lightweight and hence, are expected to improve the efficiency of power distribution.

The benefits of SSTs are encouraging their use in transport infrastructure and energy generation systems used in offshore oil drilling. These transformers provide on-demand power that increases the power distribution efficiency. Furthermore, they are anticipated to enable customers to adopt self-sustaining renewable energy sources such as solar and wind energy.

The industry players comprise mainly big players in the power & energy industry and are mainly focused on retaining their market share. Furthermore, these companies have a multi-regional presence and witness stiff competition. Investing in technologies that would increase their market share is the main area of focus for the companies. Thus, they are largely involved in development of SST technology.

Solid state (smart) transformers are expected to be largely adopted in developed economies, such as Europe and North America, post commercialization. These economies are expected to be followed by developing economies such as Asia Pacific, Latin America, and MEA.

Access Full Research Report: www.grandviewresearch.com/industry-analysis/solid-state-smart-transformer-market

Further key findings from the study suggest:

  • High-frequency transformer is expected to be the fastest growing component segment, growing at a CAGR of 24.2% over the next eight years, owing to its power output characteristics when used in different combinations
  • Regions such as Europe and North America are expected to be the early adopters of solid state transformers, owing to the increasing adoption of renewable energy sources
  • Europe is presumed to be the fastest-growing regional market and is expected to reach USD 259.0 million by 2025, owing to high investments in smart grid technologies
  • Transportation is expected to be the fastest growing end use segment, registering a CAGR of 25.1% from 2017 to 2025, owing to the large-scale development of transport infrastructure in developing regions such as Asia Pacific
  • The key industry participants include ABB Ltd., General Electric, Alstom, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric SE, Cooper Power Systems, Varentec, Inc., Amantys Limited, and GridBridge, among others

Read Our Blog: www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the global solid state smart transformers market based on product, technology, application, end-use, and region:

Solid State (Smart) Transformer Product Scope (Revenue, USD Million; 2014 – 2025)

  • Distribution Solid State Transformer
  • Power Solid State Transformer
  • Traction Solid State Transformer

Solid State (Smart) Transformer Component Scope (Revenue, USD Million; 2014 – 2025)

  • Converters
  • High-frequency Transformers
  • Switches
  • Others

Solid State (Smart) Transformer Application Scope (Revenue, USD Million; 2014 – 2025)

  • Alternative Power Generation
  • Electric Vehicle Charging Stations
  • Power Distribution
  • Traction Locomotives
  • Others

Solid State (Smart) Transformer End-use Scope (Revenue, USD Million; 2014 – 2025)

  • Energy
  • Transportation
  • Others

Solid State (Smart) Transformer Regional Scope (Revenue, USD Million; 2014 – 2025)

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

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-solid-state-smart-transformer-market

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

Demand For Concentrated Photovoltaic Is Anticipated To Register Rapid Growth Owing To Its Ability To Join Solar Energy

The global Concentrated Photovoltaic Market is expected to reach USD 6.35 billion by 2025 at a 10.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Demand for concentrated photovoltaic is anticipated to register rapid growth owing to its ability to harness solar energy in areas with no space constraints.

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CPV technology is yet to gain worldwide acceptance and manufacturers are constantly engaged in developing new modules with improved efficiency. Growing popularity of PV has overshadowed the efficiency and advantages of CPV. However, the technology shows great promise owing to its scalability and efficiency.

Globally, Asia Pacific is the largest market for CPV. Presence of a large number of module manufacturers, coupled with favorable government initiatives, is driving the demand for this technology. The advantage of low labor cost and introduction of smaller rooftop systems are also expected to boost market growth.

Access Full Research Report on Concentrated Photovoltaic Market: www.grandviewresearch.com/industry-analysis/concentrated-photovoltaic-market

Further key findings from the report suggest:

  • By level of concentration, low concentrated photovoltaic is likely to be the fastest-growing segment at a revenue-based CAGR of 10.8% from 2017 to 2025. This is owing to innovations resulting in highly efficient products
  • The commercial application segment is expected to exhibit a 9.0% CAGR from 2017 to 2025 in terms of revenue. This can be attributed to increasing number of installations in manufacturing facilities as well as private buildings
  • In terms of revenue, the reflector product segment is expected to register a CAGR of 10.8% from 2017 to 2025 owing to rapidly increasing demand for low concentration photovoltaics made from mirrors
  • By volume, Asia Pacific accounted for just over 50.0% of the global market in 2016 on account of rapidly growing capacity additions in China and India
  • The installed capacity of CPV in Middle Eastern and African countries was 66.8 MW in 2016, backed by commissioning of projects in countries such as South Africa, Morocco, and Jordan
  • Manufacturers are constantly working on introducing new products with improved efficiencies and reduced quantities of silicon

Read Our Blog: www.grandviewresearch.com/blogs/energy-and-power

Grand View Research has segmented the concentrated photovoltaic market on the basis of product, application, level of concentration, and region.

Product Outlook (Volume, MW; Revenue, USD Million, 20142025)

  • Reflector
  • Refractor

Application Outlook (Volume, MW; Revenue, USD Million, 20142025)

  • Utility
  • Commercial

Level of Concentration Outlook (Volume, MW; Revenue, USD Million, 20142025)

  • High concentration photovoltaic
  • Low concentration photovoltaic

Regional Outlook (Volume, MW; Revenue, USD Million, 20142025)

  • North America
    • US.
    • Canada
  • Europe
    • France
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-concentrated-photovoltaic-cpv-market

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