Industrial Machinery & Packaging are anticipated to register significant Structural Adhesives Market demand Up to 2022

Global structural adhesives market is expected to reach USD 23.42 billion by 2022, according to a new study by Grand View Research, Inc. Increasing automotive production particularly in emerging markets of China, India, Brazil and Mexico is expected drive the global structural adhesives market. Rigid bonding applications such as window glazing, wood panels and decorative trims require structural adhesives for fast setting and load bearing purposes. Industrialization and urbanization are expected to drive construction industry growth in emerging as well as developing nations, which further prompts structural adhesives demand.

Water-based structural adhesives accounted for over 55% of the overall market volume in 2014. Increasing regulatory intervention from environmental agencies regarding VOC presence in solvent-based adhesives has positively impacted water-based structural adhesives demand. Additionally, its superior drying rate and semi-flexibility post drying are major factors contributing towards their increasing demand in joint cements, wall coverings, household appliances and automotive assembly applications. It is also expected to witness the highest growth of 6.9% from 2015 to 2022.

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

Further key findings from the study suggest:

  • Global structural adhesives market demand was 5,158.3 kilo tons in 2014 and is expected to reach 8,243.8 kilo tons by 2022, growing at a CAGR of 6.8% from 2015 to 2022.
  • Urethanes were the leading product segment and accounted for over 60% of the overall market volume in 2014. Urethane adhesives are primarily used for plastic adhesion in various rigid bonding applications. Increasing incorporation of plastics and composites in automotive components is expected to drive its demand over the forecast period. Cyanoacrylic adhesives are expected to witness the highest growth of 8.5% from 2015 to 2022.
  • Major structural adhesive applications include transportation and construction which collectively accounted for over 45% of the total market volume in 2014. Positive outlook on automotive industry coupled with increasing construction spending particularly in China, India and Indonesia is expected to drive this segment over the forecast period. Adhesives with organic solvent composition are gaining acceptance in medical devices. Additionally, niche application segments such as industrial machinery and packaging are anticipated to register significant structural adhesives demand over the forecast horizon.
  • Asia Pacific was the largest regional market and accounted for 45.0% of total consumption in 2014. Major structural adhesive consumers in the region include China and India which together accounted for over 55% of the regional market volume in 2014.
  • Global structural adhesives market is concentrated in nature with small scale companies catering to application specific end-use markets. Product pricing, partnership agreements and R&D in product innovation are expected to maintain competitiveness in the market. Major industry participants include SIKA, Arkema AG, 3M Company, The Dow Chemical Company, Ashland Inc., Henkel AG & Co., and Lord Corporation.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

For the purpose of this study, Grand View Research has segmented the global structural adhesives market on the basis of technology, product, application and region:

Global Structural Adhesives Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 – 2022)
  • Water-based
  • Solvent-based
  • Others

Global Structural Adhesives Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 – 2022)

  • Urethanes
  • Epoxy
  • Acrylic
  • Cyanoacrylic
  • Others

Global Structural Adhesives Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 – 2022)

  • Transportation
  • Construction
  • Consumer Appliances
  • Furniture
  • Others

Global Structural Adhesives Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2012 – 2022)

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

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

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Antibacterial and Anti-fungal properties of Stevia is yet to realize its full potential and will remain a major driving factor of Global Market

The global stevia market is expected to reach USD 556.7 million by 2024, according to a new report by Grand View Research, Inc. Stevia is used in beverages, food, pharmaceuticals and tabletop sweeteners on account of its superior properties such as higher levels of sweetness without affecting blood pressure. This factor is projected to have a positive impact on the overall sugar sweetener market over the forecast period.

Increasing penetration of stevia in the beverage segment, especially in carbonated drinks, will be a crucial factor determining the growth of the industry over the forecast period. Major health concerns related to sugar consumption and the rising prices of sugar has also influenced consumers to look into various alternatives which have helped in promoting demand for the sweetener over the past few years.

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

Further key findings from the report suggest:

  • The food sector is expected to remain a potential segment for growth owing to increasing application of stevia as a sweetening agent in chocolates, baked foods, biscuits, soft drinks, candies, soda and jams. It is expected to be the second largest segment in the global market accounting for 25.5% in terms of volume in 2015.
  • The beverage segment is projected to witness the fastest volume growth at a CAGR of 5.8% from 2016 to 2024. Several soft drink manufacturers are introducing products containing stevia, for health conscious consumers and diabetic patients. Rising consumer awareness regarding the benefits of stevia on account of strategic marketing by manufacturers is expected to drive the growth of the market over the forecast period.
  • Stevia is increasingly being used in herbal medicines and tonics for patients suffering from diabetes. The antibacterial and anti-fungal properties of stevia leaves is yet to realize its full potential and will remain a major factor in influencing growth over the next eight years.
  • Asia Pacific is expected to foresee a volume growth at a CAGR of 5.7% from 2016 to 2024. This increase is attributed towards the growing demand from the food & beverage industry in the emerging markets including China and India. Furthermore, South Korea and Japan have a higher adoption rate of stevia-based compounds and have made a positive impact on the overall industry.
  • Major stevia manufacturers include PureCircle Ltd, GLG Life Tech Corp, Stevia Corporation, Stevia First Corporation and Evolva Holding S.A. Some other key players include Cargill Inc, Ingredion Inc., and Tate & Lyle Plc. In July 2016, PureCircle Ltd. invested USD 100 million in developing the stevia agronomy program.

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

Grand View Research has segmented the Global Stevia Market by application, and region:

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

  • Beverage
  • Food
  • Pharmaceuticals
  • Tabletop sweeteners
  • Others

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

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

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

Increasing usage of Thermal Interface Materials in Automotive, Medical and Consumer Goods Applications pushing market toward growth

The global thermal interface materials market is expected to reach USD 3.59 billion by 2025, according to a new report by Grand View Research, Inc. Thermal interface materials are expected to witness substantial gains over the forecast period on account of their increasing usage in automotive, medical and consumer goods applications.

Growing demand for electric vehicles in China and India owing to increasing awareness regarding harmful emissions including CO2, government initiatives and lower operating & maintenance costs will propel market size. Electrification of the automotive along with the introduction of nanodiamonds in the thermal interface materials as they increase the conductivity of the product will create new growth opportunities over the forecast period.

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

Further key findings from the report suggest:

  • Medical devices accounted for 10.9% of the overall industry share in 2015. The segment is expected to witness the fastest growth over the next nine years on account of rising demand for nuclear medicine imaging (NMI), MRI, CT scan, X-ray, and ultrasounds as they offer high accuracy for diagnosing a patient’s medical condition. Moreover, growing consumer awareness for early disease diagnosis will propel growth.
  • Elastomeric pads are expected to witness significant rise at a CAGR of 11.6% from 2016 to 2025 on account of its advantages including high thermal conductivity, dielectric strength, and volume resistivity. Increasing consumption in disk drives, chipsets, communication equipment, and general PCB board protection will augment market size over the upcoming years.
  • Increasing demand for consumer durables including washer tops & lids, refrigerators, dryer drums, water heaters, microwave oven cavities, range housings, air conditioner cabinets, vacuum cleaners, dishwashers, and freezer cabinets will stimulate industry development.
  • Europe accounted for 23.8% of the global share in 2015 and is projected to witness gains in light of growing demand for e-bikes in UK, Germany, and the Netherlands. In addition, introduction of hybrid vehicles, presence of a well-established healthcare infrastructure and high adoption of advanced diagnostic technology will fuel market development over the next nine years.
  • Thermal interface materials industry is dominated by major participants including Dow Corning, Henkel AG & Co. KGaA, The 3M Company, Parker Chomerics, Laird Technologies, Indium Corporation, and Momentive. Ongoing product innovation to produce efficient and cost-effective products is expected to lead to industry expansion over the forecast period. In May 2016, Henkel launched low pressure thermal conductive materials “Technomelt TC 50” having excellent heat dissipation functionality

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 thermal interface materials market on the basis of product, application and region:

Thermal Interface Materials Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Tapes & films
  • Elastomeric pads
  • Greases & adhesives
  • Phase change materials
  • Metal-based
  • Others

Thermal Interface Materials Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Telecom
  • Computer
  • Medical devices
  • Industrial machinery
  • Consumer durables
  • Automotive electronics
  • Others

Thermal Interface Materials Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
  • U.S.
  • Europe
  • Germany
  • Asia Pacific
  • China
  • India
  • Latin America
  • Brazil
  • MEA

Access Research Insight of Thermal Interface Materials Market Report: http://www.grandviewresearch.com/research-insights/thermal-interface-materials-market-insights-share-size

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

Sugar Substitutes Market: Low-intensity Sweeteners segment is expected to grow at a CAGR of over 5.0% from 2016 to 2024

The global sugar substitutes market is expected to reach USD 19.10 billion by 2024, according to a new report by Grand View Research, Inc. Rising health conscious population coupled with increasing disposable income and growing consumption of low calorie and healthier food & beverages are the key driving forces propelling market growth.

The market is witnessing increasing incorporation of sugar substitutes into the health & personal care products which is expected to drive demand over the forecast period. Rising prevalence of health problems including obesity and diabetes along with fluctuating sugar prices hampering supply is anticipated to fuel sugar substitutes market growth.

Sugar substitutes are majorly used in the form of sorbitol, tagatose, and aspartame saccharine in health care, cosmetics, and food & beverage industry. Gaining importance of artificial sweeteners in the formulation of confectioneries, bakery, dairy, and frozen foods would have a strong impact on market growth over the next eight years.

Beverage manufacturers such as Coca-Cola Company have pursued their efforts on developing calorie-free substitutes, filed for patents to the FDA in relation with a herb called stevia, which is used to impart sweetening characteristics to food and drinks. These developments are expected to facilitate other market players to incorporate these activities into their R&D portfolio and would open new market avenues over the forecast period.

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

Further key findings from the report suggest:

  • Beverages segment accounted for over 40% of global volume in 2015. This segment is expected to grow on account of growing demand for high-intensity sweeteners in alcoholic beverages, especially from developed economies such as North America and Europe. Additionally, sugar substitutes are gaining popularity as an additive in carbonated soft drinks for taste enhancement and calorie reduction.
  • Low-intensity sweeteners segment is expected to grow at a CAGR of over 5.0% from 2016 to 2024. Low-intensity sweeteners are an ideal substitute for sugar due to its superior functional properties. Growing demand from food & beverage industry will positively impact the growth of this segment in the near future.
  • Among applications, beverages segment dominated the global sugar substitutes market. However, food segment is anticipated to witness highest CAGR from 2016 to 2024. This is attributed to growing awareness among health conscious population and shifting consumer preferences to low-caloric food products.
  • North America market is expected to grow at a CAGR of 2.8% from 2016 to 2024. North America and Europe is expected to continue its dominance jointly in sugar substitutes market through continuing to invest in research and development activities and natural alternatives potential.
  • Demand forsugar substitutes in Europe was valued at over USD 2 billion in 2015. Germany is one of the major countries accounting for over 50% of European sugar substitutes market. Germany is Europe’s leading location for food & beverage industry and second biggest in terms of medical technology production and medical services provider across the globe.
  • Leading market players including DuPont, Cargill, ADM, and Tate & Lyle are channelizing their efforts into the development of new products through significant R&D investments, utilizing advanced technologies to manufacture superior quality and cost-effective products. The key companies are also striving to raise awareness among consumers regarding the ambiguity with the sugar substitutes consumption, while strictly adhering to the international quality standards.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements

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

Global sugar substitutes product outlook (Volume, Kilo tons; Revenue, USD Million, 2013 – 2024)

  • High intensity sweeteners
  • Low intensity sweeteners
  • High fructose syrup

Global sugar substitutes application outlook (Volume, Kilo tons; Revenue, USD Million, 2013 – 2024)

  • Food
  • Bakery & Confectionery
  • Dairy
  •  Others
  • Beverages
  • Others

Global Sugar Substitutes regional outlook (Volume, Kilotons; Revenue, USD Million, 2013 – 2024)

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

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

Rapid Industrialization and increasing population have prompted Governments and Manufacturers to look towards renewable energy resources is driving factor

The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. Increasing global population and industrialization have become major factors for moving towards non-conventional resources.

Wind energy is gaining momentum over the past few years on account of major capacity additions owing to the declining prices. Recently there have been dramatic reductions in costs on account of increasing research and development. Growing demand for expansion of electricity generation and access is expected to be a major driver for the industry over the forecast period.

Climate change and global warming are major factors responsible for the increasing focus on wind power and harnessing this power for the future generations. The demand for wind energy foundation was USD 73.46 billion in 2015.Approximately 100 countries have managed to build several commercial wind farms.

Strong government initiatives and subsidies for the development of renewable energy is expected to be crucial factor for growth of the industry over the forecast period. The Paris agreement of 2015 was a major step in moving towards harnessing sustainable and clean energy.

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

Further key findings from the report suggest:

  • Offshore wind energy foundation segment is expected to witness revenue growth at a CAGR of 14.9% from 2016 to 2024. Offshore wind turbines have large power capacities and are now being installed even in deep water.
  • In the offshore category, mono-pile foundation accounted for 35.6% of the global market share in 2015 and it was the largest in offshore category. Increasing need to secure energy security and growing concerns about onshore wind farms is a major factor propelling expansion.
  • Onshore wind energy foundation market was valued at USD 52.01 billion. The onshore category has dominated the foundation market over the past several decades owing to reasonable cost for installation.
  • Asia Pacific market was valued at USD 27.45 billion in 2015 and will witness significant gains over the forecast period on account of continuous increase in installation capacity in countries such as China, India and Japan.
  • North America is a major market for foundations owing to the availability of best wind resources coupled with low prices as compared to other countries. Countries such as Brazil will open present new opportunities for propelling growth over the forecast period.

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

Grand View Research has segmented the global wind energy foundation market by site location and region:

Site Location outlook (Revenue, USD Million, 2013 – 2024)

  • Onshore
  • Mono-Pile
  • Jacket-Pile
  • Gravity
  • Suction
  • Tripod
  • Offshore
  • Raft
  • Pile
  • Well Foundation
  • Others

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

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

About Grand View Research

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

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

Cardiovascular Prosthetic Devices Market is mainly driven by Aging Population, Increasing Rates of Cardiovascular Diseases Over the forecast period

The global Cardiac Prosthetic Device Market is expected to be over USD 8.7 billion by 2025, based on a new study by Grand View Research, Inc. Rising demand for minimally invasive devices has provided greater growth prospects for the market. New product development through technological advancements is anticipated to foster market growth. The major companies are focusing on expanding their product life and safety benefits of the cardiac prosthetic devices. Such initiatives undertaken by the key players have resulted in increasing survival rates and low stroke rates for transcatheter aortic valves.

Transcatheter Aortic Valve Replacement (TAVR) is covered by Evidence Development (CED) Coverage provided by the Centers for Medicare & Medicaid Services (CMS). Cardiac pacemakers are also covered under Medicare program. Initiatives for reimbursement from the government for such devices are anticipated to boost the demand for cardiac prosthetic devices.

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

Further Key Findings From the Study Suggest:

  • Heart valve segment was one of the largest segments in 2015 owing to rising prevalence of valvular disease and heart valve failure.
  • Pacemakers segment is expected to grow significantly, owing to rising reimbursement policies for pacemaker-related surgeries.
  • Mechanical heart valve segment contributed toward the one of the largest market share in 2015 owing to its increasing product longevity. Moreover, they provide better hemodynamic efficiency. Since mechanical valves are made up of strong durable materials, such as titanium and carbon, they are preferred over other cardiac prosthetic devices.
  • Transcatheter valve is expected to exhibit lucrative CAGR over the forecast period. TAVR has shown improved patient survival rate as compared to medical therapy. In the past years, it has evolved as a minimally invasive alternative treatment for surgical valve replacement.
  • Implantable pacemakers are one of the highest revenue generating segments owing to their greater applicability pertaining to heart failure (HF) and other cardiovascular diseases like stroke.
  • North America contributed toward the largest market share of around 40.0% in 2015. This is primarily due to the fact that the number of pacemaker implantations has increased amongst the Americans over the past two decades. Moreover, companies are focusing on commercial availability of technologically advanced devices in the U.S.
  • Asia Pacific is anticipated to witness highest CAGR over the forecast period owing to the growing geriatric population in Japan. In 2015, the geriatric population base accounted for around 27% in Japan.
  • Some key companies in this market are Medtronic, Inc.; St. Jude Medical, Inc.; Boston Scientific Corporation; Edwards Lifesciences Corporation; Abbott Vascular; Siemens Healthcare GmbH; and Sorin Group.
  • New product development through introduction of advanced technology and mergers & acquisitions are some of the key strategies adopted by the companies to enhance the demand for cardiac prosthetic devices. For instance, in 2015, St. Jude Medical and Thoratec, a company that specializes in mechanical circulatory support technology for the treatment of advanced HF, entered into a definitive agreement aiming at acquisition of the outstanding shares of Thoratec.

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

Grand View Research has segmented the Cardiac prosthetic device market on the basis of product:

Cardiac prosthetic device market Product Outlook (Market Revenue in USD Million, 2014 – 2025)

  • Heart valves
  • Mechanical valve
  • Tissue valve
  • Stented tissue valve
  • Stentless tissue valve
  • Transcatheter valve
  • Pacemakers
  • Implantable pacemakers
  • Single-Chamber Battery Pacemaker
  • Dual-Chamber Battery Pacemaker
  • Triple-Chamber Battery Pacemaker
  • External pacemakers

Cardiac prosthetic device market Regional Outlook (Market Revenue in USD Million, 2014 – 2025)

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

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

Rising penetration of Renewable Energy Sources owing to environmental benefits coupled with increasing electricity demand is expected to propel market growth

Global solar cell industry is expected to reach over 1,087.0 GW by 2022 owing to increasing demand for electricity coupled with rising consumer awareness regarding environmental benefits of renewable energy sources. Stringent government regulations in various economies to encourage use of solar energy through incentives and feed-in-tariffs is also anticipated to drive demand over the forecast period.

Technological advancements have led to efficient performance and reduction in manufacturing cost of the cells which is expected to fuel growth. Moreover, rising demand for eco-friendly energy sources in order to reduce dependence on fossil fuels and achieve energy security is expected to propel growth over the next seven years.

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

Increasing demand for PV systems in residential, utility and commercial applications is expected to have a positive impact on the industry. Increasing government support coupled with rising R&D investments in the sector is projected to propel growth. In addition, rapid development in the industrial sector together with growing infrastructure improvements particularly in emerging economies is forecasted to fuel product utilization over the next seven years.

Multicrystalline and monocrystalline which form the silicon wafer segment contributed to an overall market share of approximately 90.0% of aggregated installation capacity in 2014.

In 2014, monocrystalline silicon wafer market reached over 57.0 GW. Industry players are expected to have ample growth opportunities in the market owing to increasing utilization of the product in developed nations. Properties of monocrystalline solar cells including stability, high efficiency and compact design is expected to propel demand over the next seven years. Research and development aimed at incorporating magnetic nanoparticles in manufacturing solar cells owing to enhanced performance is anticipated to open new avenues over the forecast period.

Emerging economies including China, Indonesia, India and Japan are expected to experience significant growth inthe market owing to supportive government programs and policies over the next seven years.

Multicrystalline silicon cells are projected to witness rapid growth exceeding 25.0% in the forecast period owing to simple production process leading to reduced costs. Asia Pacific is expected to be a major market for multi crystalline solar cell owing to rising demand for multi crystalline solar cells in residential and commercial applications and increasing consumer awareness regarding cost efficiencyof the product.

UAE is one of the major markets for solar cells in MEA owing to reliable operation and cost benefits of the product.Impressive aesthetic exteriors and flexibility offered by photovoltaics is estimated to propel thin film solar cell market over the next seven years.

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

Grand View Research has segmented the global solar cell market on the basis of product and region:

Global Solar Cell Product Outlook (Installed capacity, GW, 2012 – 2022)

  • Silicon Wafer
  • Monocrystalline
  • Multicrystalline
  • Thin Film
  • Cadmium Telluride
  • Amorphous silicon
  • Copper Indium Gallium Selenide

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