Growing usage of Li-ion Batteries in Solar Power & Railway Industries is also expected to impact the demand Till 2024

China stationary lead acid battery market is expected to reach USD 4.55 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for lead acid battery in uninterruptible power supply (UPS) systems as they provide high power density and enhanced life expectancy will propel market growth over the forecast period.

The growth of the commercial sector including theaters, malls, and hotels & restaurants in China is expected to stimulate the product demand on account of increasing government spending and FDIs. Rising emphasis on energy security has resulted in increasing the establishment of power plant installations over the past few years, and this trend is expected to continue owing to the increasing population and improving infrastructure.

Telecommunication was the dominant segment accounting for 40.6% of the overall revenue share in 2015 and will show steady growth in light of rising need to manage wireless connection efficiently and reduce data transmission losses.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/china-stationary-lead-acid-battery-market

Further key findings from the report suggest:

  • Off-grid renewable segment was valued at USD 115.6 million and is projected to witness substantial gains over the forecast period on account of growing number of off-grid installations in light of government support, and increasing focus on improving living conditions in rural areas by the private sector, social organizations, and communities working. Moreover, the absence of an efficient grid system in remote villages will fuel growth over the forecast period.
  • Transportation infrastructure will witness significant rise at a CAGR of 7.5% from 2016 to 2024 in light of the announcement of an infrastructural development plan by the China Ministry of Transport and the National Development and Reform Commission for the development of rails (trackside), roads, marine buoys, aviation beacons and tunnels.
  • Abundant availability of lead acid battery in various sizes and specifications along with high current level will augment its demand over the upcoming years. Low-cost and easy availability of lead acid batteries for different specifications coupled with excellent properties including low maintenance, durability, low self-discharging, and high discharge rate capability will lead to industry expansion over the next eight years. 100% recyclability and simple extraction process of these batteries will increase industry size over the next eight years.
  • China stationary lead acid battery market is highly competitive and fragmented in nature with the presence of numerous large and small scale manufacturers. The industry is mainly dominated by key participants including Narada Power Source Co., Ltd., GS Yuasa Corporation, China Shoto, Leoch International Technology Limited and Fengfan Co., Ltd. Ongoing product innovation to produce high-performance and cost-efficient batteries is expected to fuel growth over the forecast period.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the China stationary lead acid battery market on the basis of application:

China Stationary Lead Acid Battery Market Application Outlook (USD Million, 2013 – 2024)

  • Utilities
  • Oil & Gas
  • Industries
  • Buildings
  • Transportation Infrastructure
  • Off-Grid Renewable
  • Telecommunication

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/china-stationary-lead-acid-battery-market-analysis

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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Decreasing costs of Onsite Generation relative to alternatives like grid power is expected to fuel market growth in future

The global distributed natural gas-fueled generation market is expected to reach USD 32.21 Billion by 2024, according to a new report by Grand View Research, Inc. Increasing government initiatives to promote the use of natural gas as a generator fuel especially in emerging markets of China, and India is expected to boost the global market.  In addition, various benefits offered by DNGG, such as low carbon emissions, increasing natural gas usage, and other operational benefits,  are expected to steer the market growth over the forecast period.
distributed-natural-gas-fueled-generation-market
There are huge investments in the power sector to develop the distributed generation technologies by emerging companies. At the same time, they are in need of high technologies, which will act as a substitute for current methods like diesel or coal generation.

The companies R&D facilities of hydrogen and fuel cell focuses on integrating, developing, and demonstrating hydrogen storage, delivery and production and also on using fuel cell technologies for stationary, transportation, and portable applications to differentiate their product from their competitor.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/distributed-natural-gas-fueled-generation-market

Further key findings from the report suggest:

  • Stationary fuel cells hold the largest CAGR of 13.1% in the global technology segment and are expected to grow at 6,116.8 million by 2024.
  • Microturbines technology in Europe is estimated to be USD 3,964.8 million in 2015 and will witness the fastest growth in next seven years, growing at a CAGR of 12.2% over the forecast period. By integrating an innovating turbine engine, advanced power electronics, magnetic generator with fuel cell technology, the micro turbine can provide cleaner energy which will increase the DNGG market.
  • Commercial and industrial accounted for around 67% of the global DNGG end-use segment in 2015 and is anticipated to reach 20,620.1 million by 2024, growing at an anticipated CAGR of 12% from 2016 to 2024.
  • Europe accounted for 36% of the total market in 2015 and is anticipated to hold its leading position over the forecast period. Asia Pacific is anticipated to witness a high CAGR of over 13.1% over the forecast period. Increasing usage of DNGG in residential and commercial sector coupled with government initiatives mainly in China and India is expected to boost DNGG demand in the region.
  • Key industry participants in the market includeCummins Inc., ShanDongLvhuan Power Equipment CO., LTD, MWM GmbH, ABB Group, Redox Power Systems, LLC, General Electric, and Plug Power Inc.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/construction-and-utilities

Grand View Research has segmented the natural gas-fueled generation market on the basis of technology, end-use and region:

Global Distributed Natural Gas-Fueled Generation Technology Outlook (Revenue, USD Million, 2014 – 2024)

  • Natural Gas Gensets
  • Stationary fuel cells
  • Microturbines

Global Distributed Natural Gas-Fueled Generation End-Use Outlook (Revenue, USD Million, 2014 – 2024)

  • Residential
  • Building & institutional
  • Commercial & industrial

Global Distributed Natural Gas-Fueled Generation Regional Outlook (Revenue, USD Million, 2014 – 2024)

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

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-distributed-natural-gas-fueled-generation-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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Market Outlook of Global Advanced Carbon Materials Industry Analysis and Foresight Report to 2020

The global advanced carbon materials market is expected to reach USD 5.29 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for fiberglass products in construction, automotive and energy applications, as a lightweight material, is likely to have a positive impact. Furthermore, technological advancement for the development of carbon nanomaterials is expected to increase the industry penetration over the next eight years.

advanced-carbon-materials-marketThe demand for graphene was 481.2 tons in 2015 and is projected to witness growth in light of its increasing usage as a protective coating for manufacturing flexible electronic devices and smartphones. In addition, companies are focusing on innovation to develop products catering to niche applications. In June 2015, Sweden-based Graphensic developed a new graphene-derived resistance standard measurement kit which is capable of observing Quantum Hall effect at high temperature and low magnetic temperature.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/advanced-carbon-materials-market

Further key findings from the report suggest:

  • Energy is expected to foresee revenue growth at a CAGR of 6.8% from 2016 to 2024. Growing demand for photovoltaic (PV) cells in light of providing high efficiency as compared to conventional solar devices is expected to promote the usage of advanced materials, particularly carbon nanotubes as filling agents.
  • Aerospace & defense generated revenue worth USD 1.06 billion in 2015. Increasing utilization of CFRP for manufacturing fuselage components and wing boxes for optimizing aerodynamic efficiency is likely to have a positive impact on market growth over the next eight years.
  • Fibers are likely to witness volume growth at a CAGR of 6.5% from 2016 to 2024. Significant demand for carbon fiber reinforced plastics (CFRP) in automotive, construction and electronics applications in light of providing excellent high initial strength-to-weight ratio is expected to remain a favorable factor.
  • Asia Pacific generated a revenue of USD 878.2 million in 2015 and is anticipated to witness substantial gains over the forecast period on account of the expansion of the manufacturing sector. In May 2016, Foxconn announced the establishment of Apple iPhone manufacturing facility at USD 10 billion in Maharashtra by 2020. This initiative is expected to open new markets for these advanced materials over the forecast period.
  • Key manufacturers include Toray Industries, Hexcel, Mitsubishi Rayon, Showa Denko, Thomas Swan, Graphenea SA, and Graphene Laboratories. Companies are focusing on new product development and formation of strategic alliances with technological companies. For instance, in July 2016, Showa Denko developed a new grade of carbon nanotube under the brand name, VGCFTM-X, with optimized design for resin composite applications.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global advanced carbon materials market by product, application, and region:

Product Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)

  • Carbon fibers
  • Graphene
  • Carbon nanotubes
  • Structural graphite
  • Carbon foams

Application Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)

  • Aerospace & Defense
  • Energy
  • Electronics
  • Sports
  • Automotive
  • Construction
  • Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)

  • North America
  • U.S.
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • China
  • Japan
  • Latin America
  • Brazil
  • Middle East & Africa (MEA)

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-advanced-carbon-materials-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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Upsurge in Power & Infrastructure projects in Asia Pacific coupled with rising investments in the T&D networks boosting Market Growth

The protective relay market is expected to reach USD 4,025.2 million by 2024, according to a new report by Grand View Research, Inc. Mounting investments in the transmission & distribution networks to replace the old equipment is expected to be a major factor expected to spur the growth over the forecast period. The intensifying intricacy of electrical systems has made it inevitable to incorporate protective devices for power systems safety. The growing electricity generation capacity to meet the growing population’s electricity demand is estimated to act as a key driver augmenting market demand. Nevertheless, the cost concomitant with the set up & maintenance of these relays is estimated to challenge the industry over the near future.

protective-relay-market.png
The global protective relay market is anticipated to witness high growth over the forecast period. This may be accredited to continuous population growth along with the mounting regional power consumption in Asia Pacific. The rising importance of smart grid technology coupled with upsurge in renewable energy projects is expected to further catapult protective relay demand over the next eight years. For instance, after the earthquake and tsunami in 2011, in Japan, the government decided to reduce the energy supply gap by augmenting renewable energy generation.

 To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/protective-relay-market

Further key findings from the report suggest:

  • The medium voltage segment captured over 40% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 5% from 2016 to 2024. This can be attributed to their extensive usage in the fortification of structures such as houses, shopping center, hospitals, and warehouses, which require medium voltage power.
  • Feeder protection application segment is expected to gain prominence over the forecast period exceeding a CAGR of 6.0% from 2016 to 2024. This is primarily due to the criticality of the transmission & distribution networks to safeguard the overhead cables required for the electricity transmission
  • Assimilation of protective relays in huge power systems and substations to ensure security & operational safety of the equipment is projected to drive the demand across the power sector over the next few years. The power segment accounted for a significant market share in 2015 capturing over 30% of the entire revenue share in the same year.
  • Asia Pacific emerged as the largest and the fastest growing market accounting for more than 30% of the overall share in 2015. Increasing investments in transmission & distribution infrastructure in China & India is expected to spur the protective relay demand in this region.
  • The key purveyors in this industry comprise Siemens, GE-Alstom, ABB, and Schneider. International players hold a strong foothold in the market making it difficult for the local suppliers to compete.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global protective relay market on the basis of voltage, application, end-use, and region:

Protective Relay Voltage Outlook (Revenue, USD Million; 2014 – 2024)

  • Low
  • Medium
  • High

Protective Relay Application Outlook (Revenue, USD Million; 2014 – 2024)

  • Feeder Protection
  • Generator Protection
  • Bus-Bar Protection
  • Capacitor Bank Protection
  • Breaker Protection
  • Transformer Protection
  • Others

Protective Relay End-Use Outlook (Revenue, USD Million; 2014 – 2024)

  • Infrastructure
  • Industrial
  • Government
  • Power
  • Others

Protective Relay Regional Outlook (Revenue, USD Million; 2014 – 2024)

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K
  • Germany
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • Kuwait
  • UAE
  • Bahrain
  • Oman
  • Qatar

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.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Growing demand for Nonstop Power Supply from the Industrial Sector is expected to drive the Market Growth

The global flywheel energy storage market is projected to reach USD 477.8 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for uninterrupted power supply and growing energy storage industry are expected to fuel the growth of this market. Flywheel systems store and regulate electricity by spinning continuously and hence are used for the majority of the frequency regulation applications. The major difference between photovoltaic solar cells and the flywheel storage systems is that the latter can produce power throughout the day and night.

flywheel-energy-storage-market.pngThe data centers segment held the largest share of 16% in terms of applications in 2015. Growing energy storage industry in the U.S. and the European region projected to drive the market. Growing demand for uninterruptible power supply, particularly from the industrial sector, has provided much-needed momentum.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/flywheel-energy-storage-market

Further key findings from the report suggest

  • The data centers segment is projected to dominate this industry from 2016 to 2024 and is estimated to reach over USD 65 million by 2024, growing at a CAGR of 7.2%. Continuous, uninterrupted power is a primary requirement for data centers, for which, flywheel energy storage systems are used. Growing commercial workstations, which require a large amount of data to be stored centrally, are driving the market in this application segment. Growing cloud-enabled IT services are expected to propel demand for data centers, thus influencing market growth.
  • Distributed energy generation is projected to be the fastest growing application segment at a CAGR of 12% from 2016 to 2024. Low cost of power transmission, reduced complexity, and higher efficiency are key characteristics of DEG systems that are preferred over a conventional generation. Also, this method is expected to provide a boost to the use of renewable sources for power generation and reduce the dependency on fossil fuels.
  • North America was the largest market for flywheel energy storage systems in 2015, with a share of more than 77%. It is projected to witness a steady CAGR from 2016 to 2024. Since this region is home to some of the major IT companies such as Oracle, Cisco Systems, Intel Corp, Google and Microsoft that need storage of large amounts of data centrally, the demand from the data centers segment is projected to increase, by 2024.
  • Active Power, Amber Kinetics, Inc., Beacon Power, LLC, and Calnetix Technologies, LLC account for the majority of the share in this industry. Other important players include Piller Group GmbH, Powerthru, Power Tree, Temporal Power, and Rotonix USA. Agreements, collaborations, and joint ventures were the most commonly adopted development strategies by these players between 2011 and 2016, in order to consolidate their positions in the industry.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the global flywheel energy storage market on the basis of application and region:

Application Outlook (Capacity, KW; Revenue, USD Thousand, 2013 – 2024)

  • UPS
  • Distributed Energy Generation
  • Transport
  • Data Centers
  • Others

Regional Outlook (Capacity, KW; Revenue, USD Thousand, 2013 – 2024)

  • North America
  • U.S.
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • South Korea
  • Japan
  • Latin America
  • Brazil
  • MEA

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-flywheel-energy-storage-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 saervices. 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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Photonic Integrated Circuit (IC) Market and Segment Forecasts To 2024

The photonic IC market is expected to reach USD 3.54 billion by 2024 according to a new report by Grand View Research, Inc. Photonic IC is an integrated circuit that uses optical wavelength as an information signal and provides multiple integrated photonic functions. Photonic IC, as such, is similar to an electronic IC and can be a viable replacement for it as well as for the copper-based wired transmission. Photonic IC forms an integral part of lasers, optical amplifiers, modulators, and MUX/DEMUX components, which are extensively used in the optical signal processing, optical communication, biophotonics, and sensing applications. The growing demand for sensing and optical devices are expected to fuel the growth of the photonic IC market.
photonic-integrated-circuit-ic-market
There is an increasing need for cost effective, power efficient, and compact PICs which would further propel the photonic IC market over the forecast period across the mobile broadband Internet access, high-performance computing, datacenter, and enterprise networking, along with metro and long haul data communications, among many others. The increasing adoption of the high-level integrated PICs and application-specific PICs would boost the photonic IC market to strive for greater functionality and new product development across a number of verticals.

The photonic IC market is anticipated to grow substantially due to the continuous technological advancements and the evolving end-user demands. The laser, optical amplifier, and MUX/DEMUX component segments possess enormous growing opportunities, owing to the ability of photonic ICs to incorporate new optical functionalities that can be embedded on a single chip to achieve high efficiency and compactness.

The increasing demand for the optical communication and sensing applications is driving the growth of photonic ICs around the globe with an efficient management of datacenters and long haul networks providing a thriving market for them. Moreover, with the advancements in quantum computing, the adoption of photonic ICs are increasing as they allow multitasking that quantum computing readily requires. Also, the growing adoption of the biophotonic application in medical devices also holds considerable growth opportunities for the photonic ICs market. On the other hand, the high bandwidth and optimum performance requirements of the telecommunication industry, data storage, cloud service providers, and large business enterprises are expected to boost the optical communication and signal processing segments. This market will create many new opportunities culminating in an increased adoption of photonic ICs over the forecasted period.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/photonic-integrated-circuit-ic-market

Further key findings from the report suggest:

  • There is a growing need for higher bandwidth and greater transmission speeds across the Information and Technology (IT) industry. Photonic ICs can be incorporated into the existing products to fulfill this demand in diverse industry verticals to transmit, receive, and switch high-speed digital signals in communication networks. Progressive research and developments are being made towards the low-cost, high-performance optics to help lower the cost of the high-speed Internet access and boost the efficiency of the telecommunication networks
  • The growing shift towards quantum computing and machine learning, among others, requires enormous parallel computing capabilities. The optical quantum computers can perform much faster than the traditional computers in terms of multitasking, higher level of integration, and efficiency while consuming lower power. This will open new avenues for photonic IC-based computing services across a wide range of verticals.
  • Broadcom Limited (U.S.), Viavi Solutions, Inc. (U.S.), and NeoPhotonics Corporation (U.S.) are some of the major industry players in this domain. Other key vendors include Oclaro, Inc., Kaiam Corp, Luxtera Inc., Infinera Corp., Finisar Corporation, Ciena Corporation, and Emcore Corporation, among others.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the global photonic integrated circuit (IC) market on the basis of product, application and region:

Photonic IC Market Component Outlook (Revenue, USD Million, 2014 – 2024)

  • Lasers
  • MUX/DEMUX
  • Optical Amplifiers
  • Modulators
  • Attenuators
  • Detectors

Photonic IC Market Raw Material Outlook (Revenue, USD Million, 2014 – 2024)

  • Indium Phosphide (InP)
  • Gallium Arsenide (GaAs)
  • Lithium Niobate (LiNbO3)
  • Silicon
  • Silica-on-Silicon

Photonic IC Market Integration Outlook (Revenue, USD Million, 2014 – 2024)

  • Monolithic Integration
  • Hybrid Integration
  • Module Integration

Photonic IC Market Application Outlook (Revenue, USD Million, 2014 – 2024)

  • Optical Communication
  • Sensing
  • Biophotonics
  • Optical Signal Processing

Photonic IC Market Regional Outlook (Revenue, USD Million, 2014 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • ROW

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-photonic-integrated-circuit-ic-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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com

Emergence of Flat Screen Displays & the increasing use of the Photonic-Enabled High-Speed Internet have considerably changed the dynamics of the market

The global photonics market size is expected to reach USD 979.90 billion by 2024, according to a new report by Grand View Research, Inc. The prospects for market growth can be attributed to rapid innovations in the industry for the development of technologically-enhanced products and related services, as well as growing opportunities for the new market development.
photonics-market

Photonics is regarded as one of the Key Enabling Technologies (KETs) in the recent past, leading to the development of new products and services with substantial economic benefits. The broad diversity of devices with photonic-based components is expected to impact the global demand for this technology positively. Photonics is a technologically advanced field, being at the forefront of innovation and R&D and is thus presumed to incorporate substantial growth prospects over the forecast period.

The industry encompasses a broad scope of applications based on photonic-based products, which are anticipated to drive the dynamic emergence of new economic activities in the potential markets. The emergence of green and sustainable photonic-based solutions, such as Photovoltaic (PV) solar cells, is envisioned to drive the industry over the forecast period, owing to the increasing support by both local governments and consumers.

The industry encompasses substantial opportunities for growth over the next eight years. The key impact of photonics technology on energy supply is presumed to offer enhanced PV efficiency in the next-generation solar cells to make PV cost-competitive with fossil fuel electricity generation. Advanced products, such as polycrystalline silicon PV, thin film PV, dye-sensitized PV, and further new developments, such as embedding nanoparticles into solar cells and nanostructure substrates, are expected to boost the demand for photonic components in renewable energy sources over the forecast period.

However, significant initial investments and absence of proper international standards in the technology are expected to challenge the industry growth over the forecast period. The high cost of technology and risk of thermal effect haveled to the limited commercialization of this technology worldwide. Moreover, technology obsolescence and growing presence of counterfeit technologies across the globe are anticipated to challenge the industry growth in the near future.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/photonics-market

Further key findings from the report suggest:

  • Light Emitting Diodes (LEDs) accounted for approximately 10% of the overall market share in 2015 and are presumed to grow at a considerable rate over the forecast period owing to the introduction of new legislations and policies worldwide to boost the adoption of highly efficient and renewable energy devices. LEDs are energy-efficient, high-performance, and environment-friendly alternatives to traditional light bulbs. Further developments alongside organic and inorganic LEDs, such as light emitting nanowires and quantum dots, and large areas light-emitting plastics, are presumed to boost the demand over the next eight years.
  • Lasers are anticipated to witness a substantial growth over the forecast period, growing at an estimated CAGR of over 7% from 2016 to 2024. The growth in this segment can be primarily attributed to rapid developments in the industry to incorporate miniature laser projection units as a light source in next-generation pico-projectors. Lasers are being increasingly used in the production of textiles and clothing as well as fine chemicals and pharmaceuticals.
  • Displays are anticipated to emerge as a predominant application segment over the next eight years owing to increasing developments of sharper, better color, energy-efficient, cheaper, and thin display devices. The increasing adoption of flexible displays, miniaturized displays, holographic displays, enhanced touch, and motion feedback displays are anticipated to lead to new product development and enhancement of existing products.
  • In terms of revenue, North America dominated the global photonics market in 2015 and is expected to retain its dominance over the forecast period. The demand in this region is mainly driven by the increasing adoption of advanced technologies. The U.S. is presumed to encompass significant investments in the form of public spending and government funding for the R&D of photonic-enabled technologies. Europe is presumed to witness a considerable growth over the forecast period, owing to the growing establishment of research facilities for further development of thistechnology.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/semiconductors-and-electronics

Grand View Research has segmented the global photonics market on the basis of product, application, and region.

Photonics Product Outlook (Revenue, USD Billion, 2015 – 2024)

  • Waveguides
  • Optical modulators
  • Optical interconnects
  • LEDs
  • Wavelength Division Multiplexer (WDM) filters
  • Photo detectors
  • Lasers
  • Amplifiers

Photonics Application Outlook (Revenue, USD Billion, 2015 – 2024)

  • Consumer electronics
  • Displays
  • Safety & defense technology
  • Communication
  • Metrology
  • Sensing
  • Medical & healthcare
  • High-performance computing

Photonics Regional Outlook (Revenue, USD Billion, 2015 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • ROW

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-photonics-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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com