Wood Plastic Composite (WPC) Market Competition by Players and Application by 2024

Industry Insights
The Global Wood Plastic Composite (WPC) Market was estimated at USD 4.06 billion in 2015. The market is expected to witness a significant growth on account of rising demand for WPCs in fencing, molding, decking and siding applications in the construction industry. The noise barrier characteristics offered by the product is likely to have a positive impact on the demand owing to its use in the street constructions and landscaping. Raw materials used in the manufacturing of these composites include saw dust derived from natural wood and fibers of plastics. The attributes of the product including weight reduction, low maintenance and superior mechanical strength is expected to complement growth over the forecast period.

WPCs act as an alternative for plastic and steel components on account of its low cost & environment friendly nature, which aids in market growth. The unique features of wood plastic composites including thermal stability, stiffness and improved recycling ability are anticipated to open new avenues for the product leading to market growth. The industry is estimated to witness a shift towards manufacturing of wood plastic composite by wood processing & plastic manufacturing companies owing to low manufacturing cost coupled with similar manufacturing technologies.

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The increasing demand of the product in numerous consumer goods such as pencils, lipsticks, toys, cups and high class packaging is expected to be a key factor in the growth of wood plastic composite market. However, the traits of WPC including high susceptibility to fire owing to its association with plastic and fungal & mould decay of wood is expected to reduce the product lifespan hindering growth.

Product Insights
Polyethylene composites account for over 50% of the market share dominating the market followed by polyvinylchloride. The structure and superior stability displayed by polyethylene is anticipated to bolster the demand in high performance operations such as packaging and construction.

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Application Insights
The building and construction segment accounts for the majority of the share owing to high investments and rising infrastructural developments particularly in developing economies. The growing demand for exquisite flooring and furniture solutions across the world is expected to drive market growth in this sector. The decking application accounted for over 80% of the overall construction and building sector. Superior performance and low maintenance of the composites as compared to glass fibre coupled with high resilience has contributed to the increased utilization in applications such as sheet pilings, garden furniture, docks, doors, benches and sidings.

The application of wood plastic composites in automotive industry is expected to grow significantly on account of increasing demand for bio-based products in the manufacturing of car interior parts including cabin linings, cushions and backrests.

Regional Insights
North America accounted for over 45% of the global volume in the wood plastic composite market in 2015. High demand in decking application coupled with presence of major manufacturers is expected to be the key aspect for growth in North America. The demand for wood plastic composites in Europe accounted for over USD 60 million in 2015, with Germany accounting for over 50% of the overall revenue. The speedy automotive sector growth coupled with the existence of major automotive manufacturers such as Audi, Daimler AG, BMW, Volkswagen and Opel is likely to aid the WPC market demand over the forecast period.

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The changing lifestyle coupled with rise in the disposable income in the developing economies such as India, Thailand, China, and Indonesia is expected to bolster the demand for luxury vehicles in the Asia Pacific region thereby increasing the demand for wood plastic composites. In addition, the increase in bio-based product applications coupled with the growth of electronics and consumer goods market in China is expected to have a positive impact on the demand of wood plastic composites.

Competitive Insights
The key players in the industry include Beologic N.V., Certainteed, LLC, Guangzhou Kindwood Co. Ltd., Fiberon, Fkur Kunststoff GmbH, Polyplank AB, Josef Ehrler GmbH & Co. Kg, Renolit, Polymera Inc., Tamko Building Products, Inc., Trex Company, Inc. and Timbertech. The major companies in this industry invest in R&D projects to increase product durability and performance. In August 2015, Russia-based GS Group initialized a wood plastic production plant with an annual capacity of over 2,100 tons. The company produces granulated wood plastic composites and finished products using extrusion and injection technologies. The manufacturing facility was established to minimize the imports in Russia accounting for 40% of the overall demand.

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Smartwatches Market Manufacturers, Growth Driver, Regional Outlook and Forecast to 2020

Industry Insights
Global Smartwatches Market was estimated to be valued at USD 702.5 million in 2013 and is expected to grow at a rate of 67.6% during forecasted period. Smartwatches provide functionalities far beyond traditional watches which can be pared with smartphones either by Bluetooth or near-field communication (NFC). Over 2 million units were sold in 2013. Smartwatches provide notification to user such as distance travelled heart rate and can be used as an extension to a smartphones because of high degree of connectivity and focus on apps. Addition of innovative features, continuous technological advancement will lead to increase in Global smartwatch shipments.

In 2014, Google introduced new smartwatch which was capable of delivering real-time speed, distance and time when user is on a run or walk. At present Samsung is dominating in smartwatch industry as it is using Android operating system which is user-friendly and ease to use. Google also announced Android wear an OS designed for wearable watches and is currently working with companies like HTC, Motorola, Samsung and LG. Major players like Pebble, Samsung, Sony and Maritime are heavily investing on R&D to develop better product and increase their market share.

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Price Segment Insights
Approximately 90% of market share in 2013 was accounted by High-end smartwatches. Increase in demand for wearable technology, Entry of new well established players can propel market, but factors such as price range of smartwatches which is between USD 250 to USD 300 can act as barrier in market growth. In addition, Limited battery life, overall performance and privacy concerns among the users can restrain the market growth. The end users data is available on cloud and can be misused. At present market is occupied by established companies that are offering high-end products at a premium price. Average selling price of smartwatches will come down due to commercialization activities, number of new entrants and will result in development of mid-priced and low-end products over a given period.

Regional Insights
The demand for smartwatches was high in North America across the globe due to increasing number of smartphone users. Approximately 60% of overall market share in 2013 was accounted by North America and Europe. Awareness about new technologies and purchasing power due to increase in disposable income of users is expected to drive the market growth in coming six years. Increase in smartphones penetration in Asia pacific will drive market growth at a fastest rate. Health and fitness will remain key applications of smartwatches due to growing health-conscious consumer that needs real-time feedback and tracking. HTC, Huawei and ZTE China-based technological giants are focusing to enter in smartwatches market.

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Competitive Insights
Growing adoption of smartwatches will benefit companies like Apple Inc. and Samsung Electronics. They main reason is these technological giants are already present in smartphone industry. Paring with smartwatches with smartphone by these firms will contribute to the revenue. Product differentiation and competitive advantage will be achieved by primarily focusing on innovation. Growing number of start-ups in emerging economies is expected to affect this industry in a positive manner.

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Galaxy gear a flagship product of Samsung electronics contributed majorly in smartwatch shipments in 2013 globally. The manufacturers and component provider such as display and technology are also expected to benefits in coming period. Rising demands are attributed by increase in per capita spending on consumer electronics, need of technological advanced products and requirement of connectivity across the globe.

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Seed Treatment Market Industry Outlook, Growth Prospects and Key Opportunities by 2020

Global Seed Treatment Market is anticipated to reach USD 5.61 billion by 2020. It is anticipated to grow at a healthy rate in the years to come. Seed treatment is a procedure of applying physical, chemical, and biological agents during plantation to enhance the health of crop. It also supports in the formation of healthy crops. The technique is mainly used to improve germination, controlling soil insects, prevent spread of plant diseases, and provides protection from storage insects. It helps to exercise control over seed and soil-borne diseases and infection.

The seed treatment has come across as a profitable crop safety solution as compared to conventional spraying as it requires less labour and is more efficient. Growing necessity of food because of rapidly growing worldwide populace has driven the market development in the years to come. On the other hand, factors that hamper the seed treatment industry include strict government regulations, existing ban on neonicotinoids, and lower margins of key industrial crops. There are various other factors hindering the growth of market such as lower margins of key industrial crops, government regulations, and existing ban on neonicotinoids.

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The market is anticipated to grow at a significant CAGR of 9.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Seed treatment market may be explored by type, crop, and geography. Seed treatment industry may be explored by type as Insecticides, Nonchemical, Fungicides, and the other chemical treatment. Insecticides dominated the market; accounting for 52.6% of the total revenue in 2013. Seed treatment market may be explored by crop type as Soybean, Corn/Maize, Wheat, Cotton, Canola, and Other.

“Corn/Maize” segment is anticipated to dominate the seed treatment industry in 2014, due to growing demand for corn production for biofuels. “Corn/Maize” segment is followed by Soybean due to rising demand for biofuels on the heels of energy conservation. North America accounted for the major share of the Seed Treatment Market Size Analysis in 2014 and will continue to lead in the forecast period due to factors such as increasing demand from the agriculture industry, growing demand for organic food products will upsurge the North American region and is followed by the Europe and Asia-Pacific region due to increasing awareness among people.

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Some of the key players that fuel the growth of the seed treatment industry include BASF; Bayer; Monsanto; Germains Seed Technology; Syngenta; Crop Science; DuPont; Chemtura; Nufarm; Plant Health Care; Becker Underwood; Wolf Trax Incorporation; Sumitomo Chemical Company Limited; Valent U.S.A. Corporation; Morflora; Novozymes A/S; Incotec Group BV; Ceres Inc.; Advanced Biological Marketing; Cibus Global; ASTEC Global; BrettYoung Limited; and Precision Laboratories Incorporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Seed Treatment Type Outlook (Revenue, USD Million, 2012 - 2020)

• Insecticides
• Fungicides
• Nonchemical

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Seed Treatment Crop Type Outlook (Revenue, USD Million, 2012 - 2020)

• Corn/Maize
• Soybean
• Wheat
• Canola
• Cotton

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Scar Treatment Market Research Methodology and Competitive Analysis by 2025

Industry Insights
The Global Scar Treatment Market size was worth USD 13.8 billion in 2015 which is anticipated to grow at a CAGR of more than 9.7% during the forecast period. Esthetic appearance among people is one of the major factors driving market growth. Scar treatment helps enhance the esthetic appeal of an individual through skin rejuvenating. Women are more concerned about esthetics, hence are expected to form the largest customer base for this market. Another major factor contributing to the growth of this market is the rising number of road accidents. According to WHO, approximately 10 million people are injured in road accidents every year.

This gives rise to high need for scar treatment products, such as topical products that help in reducing the scars effectively. Road accidents also increase the need for cosmetic surgical treatments, which in turn leads to high demand for laser instruments. Rising incidence of burn injuries also supports the growth of this market. Burn injuries contort the appearance of the victim, leaving noticeable hypertrophic burn marks. People with high disposable income, often go for surgical treatment to get rid of such marks. Thus, scar removal products help in treating burn injuries.

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Technological advancement, such as laser therapy is also accelerating the growth of this market. For instance, Cynosure came up with MedLite C6, a Q-switched laser device, which is used for treating acne and other skin diseases. These laser devices help in treating the marks by destroying the scar tissue. Reconstructive and plastic surgery is also considered as a part of the surgical laser treatment procedure, which has further expanded the market growth.

Product Insights
Based on product, topical products held the largest market share in 2016 and are expected to witness an attractive growth over the forecast period. It is due to the easy availability of these products Over-the-Counter (OTC), for instance, topical creams, gels and oils. Due to this reason, topical products are greatly used as a treatment for scars. Laser products are expected to witness a lucrative growth over the forecast period. This is due to the fact that non-invasive therapy facilitates less pain and discomfort. Laser-based cosmetic surgeries are also increasingly preferred by the patients who are experiencing stretch marks, acne and keloid.

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Scar Type Insights
Based on scar type, atrophic scars dominated the market in 2015. This is because it majorly comprises acne scars. Most of the people, especially women are concerned about acne. Hence, there is a high demand for OTC products such as gels and topical creams for treating acne, thereby, making it a strong segment. Hypertrophic and keloid scars also held significant market share in 2015 owing to the growing number of wound injuries leading to these marks. OTC products such as silicone gels, topical creams and silicone gel sheets assist in minimizing the visibility of these marks.

End Use Insights
Based on end-use, the market is segmented into clinics, hospitals, e-commerce, and retail pharmacies. Among them, hospitals dominated the market in 2015. This is due to the wide usage of laser instruments, steroid injections and topical creams and gels in the hospital settings. Availability of specialists in the hospital also contributes to the growth of this segment. E-commerce/retail pharmacies are expected to witness lucrative growth over the forecast period. Online websites provide a wide variety of scar treatment products such as steroid injections, topical creams & gels and portable laser instruments. It also offers numerous lucrative offers and discounted prices, which further raises the growth of this segment. In retail pharmacies, topical products are available easily, which facilitates easy accessibility of scar treatment products.

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Regional Insights
Based on region, North America held the largest market share in 2015. This is due to the growing acceptability of technologically advanced products and high concern among people regarding esthetic appeal. Huge demand for advanced laser instruments in the U.S. also drives the growth of this region. Asia Pacific is expected to witness a lucrative CAGR over the forecast period due to the rising incidence of road accidents in country like India. In addition, rising disposable income in these countries is also anticipated to contribute to the growth of this region.

Competitive Insights
Some of the major companies of the market are Lumenis; Mölnlycke Health Care; NewMedical Technology, Inc.; Sonoma Pharmaceuticals, Inc; Smith & Nephew plc; CCA Industries Inc.; Suneva Medical, Inc.; Enaltus LLC; Merz Inc. and Scarheal, Inc. The key companies go for strategic initiatives such as regional expansion, development of new products with improvised technology and mergers & acquisitions. For instance, Lumenis acquired Pollogen in 2015, in order to expand its product portfolio in the field of esthetics.

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Peripheral Vascular Device Market Segmentation and Key Countries Analysis by 2020

Industry Insights
The Global Peripheral Vascular Device Market size was estimated at USD 5,888.5 million in 2014 and is expected to grow at a CAGR of 7.2% over the forecast period. Rising demand for minimally invasive procedures and growing aging population coupled with changing lifestyles are some of the key factors driving the growth of peripheral vascular device market. Increase in peripheral vascular diseases and technological advancements in the devices is also anticipated to further boost up the demand for these devices in the market. According to an estimate of Central Disease for Control and Prevention, about 8.5 million people in the U.S have peripheral artery disease including 12-20% of individuals ageing 60 years and above.

Furthermore, rising number of specialists treating peripheral vascular disease also propel the market growth of these devices. Introduction of technologically advanced products like drug eluting balloons further drive the future adoption of such devices. Rising chronic conditions including diabetes, obesity and end-stage renal disease is one of the crucial factors anticipated to boost demand for these devices. Some of the key advantages associated with these devices are minimal scarring and post-surgery infection that improves the adoption level of these devices among the patients. However, the market growth is expected to negatively impact the market owing to factors such as reimbursement issues in developing countries, stringent regulatory policies, and presence of highly fragmented market.

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Product Insights
Based on the products, the market is segmented as peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, embolic protection devices, and inferior vena cava filters. Peripheral vascular stents accounted for the major share of over 31% in 2014 pertaining to the factors such as rising incidences of peripheral artery disease and development of new imaging techniques. Introduction of technologically advanced stents such as drug eluting stents further boost up demand for such devices.

In addition, increase in need for therapies that reduce the risk of complications such as thrombosis is one of the factor contributing towards its growth. However, stringent product approval process, number of product failures, and presence of alternative treatment options for cardiac disease may restrain the growth of stents in the market. Peripheral angioplasty balloon catheters held significant market share owing to introduction of technological advance products like drug coated balloons and favorable reimbursement policies in developed countries like Germany and the U.S.

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Regional Insight
North America dominated the market with the maximum share of 39% in 2014 owing to rising healthcare expenditure, high R&D activities, favorable reimbursement policies, increasing awareness, and growing stent surgeries in the region. Asia pacific region is expected to be the fastest growing segment with a CAGR of 10% over the forecast period. The growth in the region is driven by the factors such rising incidence of cardiovascular disease, improving healthcare infrastructure, large population base unmet medical needs, and rising disposable income level in emerging countries like India and China. In addition, cost of surgery is less in this region as compared to developed nations that is expected to boost medical tourisms, which in turn anticipated to surge demand for such devices.

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Competitive Insights
Few of the key participants of peripheral vascular devices market include, Edward Lifesciences Corporation; Abbott Laboratories; Angiocare, Inc.; Boston Scientific Corporation; Medtronic, Inc.; Teleflex Medical; St.Jude Medical; Volcano Corporation; Bayer; Terumo International System, Inc. ;B Braun, Inc.; Endologix; Volcano Corporation; W.L. Gore and Associates Ltd.; Angioscore Ltd, and Cordis Corporation.

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Inulin Market Growth Analysis, Demand by Regions and Global Forecasts to 2020

Industry Insights
Global Inulin Market demand was estimated at 246.5 kilo tons in 2013. The demand is for these products is expected to witness rapid growth owing to increasing usage of prebiotic ingredients for production of different food & beverages products. The growing application in manufacturing of dairy products such as ice creams, yogurts, and cheese is expected to further augment demand for inulin over the forecast period. Increasing awareness regarding low sugar consumption and low calorie foods due to rise in lifestyles related disease is expected to a have positive impact on inulin demand over the forecast period.

Growing popularity of nutraceuticals is expected to positively impact market demand as it is used in these products as a functional ingredient. U.S. FDA has categorized inulin as a safe product owing to which manufacturers now prefer these products over other substitutes. It is used in inhibiting growth of pathogenic bacteria which aids in getting better colon health. Rising cultivations of chicory roots in Europe and China is likely to boost consumption of inulin in end-use industries.

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Application Insights
Food & beverages dominated the application segment and accounted for over 65% of market share by volume in 2013 and is expected to witness growth over the forecast period owing to rising usage of probiotic functional ingredients that aid in reduction of sugar level and improving gut health. Inulin contains non-digestable fiber which helps in stimulating bacterial growth in human body, owing to which the demand for these products in dietary supplements is expected to remain high over the forecast period. The other applications of inulin include coating, construction, and animal feed industries.

Regional Insights
Europe dominated the global inulin market by accounting over 40% in 2013 and is expected to witness growth on account of regulatory support over the usage of functional ingredients in food & beverage industry in this region. Slow growth of food & beverage industry in Spain, Italy, and Germany coupled with European Commission’s limitation over the production quota of inulin is expected to act as a challenge to the market growth. North America is the second largest market driven by rising health awareness and growing expenditure on wellness products. The rising innovation on sugar free products coupled with growing demand for diverse low fat and dietary supplements is expected to boost demand for these food ingredients.

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Growing dairy industry in Asia Pacific countries such as China and India owing to strong regulatory support coupled with growing domestic demand is expected to propel the inulin demand. The market in India has received a boost as the government is providing subsidies for farmers involved in the cultivation of chicory roots. Growing food & beverage industry in Brazil and Saudi Arabia is expected to have a positive impact on inulin demand over the forecast period.

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Competitive Insights
The industry environment is competitive due to the presence of less number of manufacturers. Key players in the market are Cosucra, Sensus, Jarrow Formulas, and Beneo-Orafti. Technological advancements coupled with new product development and strategic partnerships are the key factors responsible for growing market share.

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High Temperature Coatings Market Landscape and Growth Prospects Analysis and Forecast to 2024

Industry Insight:
Global High Temperature Coating Market was valued USD 3.27 billion in 2015 and is anticipated to achieve moderate growth globally over the forecast period. The demand for the market is increasing steadily owing to the growth of numerous end-use industries such as cookware and bake ware, construction, and metal processing. High temperature coatings material can withstand a temperature of more than 150°C (302°F) while protecting against corrosion. Depending upon the level of temperature resistance required, coatings are composed of organic or inorganic materials such as epoxy, epoxy novolac, silicone, and epoxy phenolic. Fire proofing plays a vital part in buildings and other structures as it protects structured steel and other building parts.

However, the construction sector is hampered by the lack of synergy in building codes for different companies. Stable regulatory norms help the coatings manufacturers to enhance their investments in R&D. Regulatory & government agencies such as UL, ANSI, NFPA, and ASTM issues guidelines and standards for testing and formulation of the coating ingredients. Fatal incidents due to fire outburst in industrial as well as in residential area which causes occupational injuries has led multiple revisions in safety policies to minimize the losses by integrating flame repulsive inorganic agents in materials of the coating. Properties to resist high temperature shown by phosphorous, silicon and halogen based products have made them quite significant.

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Product Insight
The acrylic coating was the largest product segment covering over 20% of total demand in 2015. Aesthetic looks coupled with high heat resistance property makes it an ideal technology that can be used in building and transportation infrastructure. Low volatile organic compound (VOC) presence in formulation has led its rapid adaptation in various industrial activity. Physical properties of Polyethersulfone (PES) such as adhesiveness, long run thermal stability and transparency are expected to be responsible for its growth over the forecast period. Owing to these features, the product usage is found in a broad range of applications including automotive refinishing, wood furniture, construction, and marine.

Global PES high temperature coatings market value is estimated to exceed USD 470 million by 2024. Compatibility of Epoxy coatings with a broad range of color and solvent free ingredients has contributed to its demand in 2015. Characteristics such as high durability and chemical resistant are anticipated to be the major factors for the growth of this segment. The segment is expected to grow at a CAGR of over 4.0% from 2016 to 2024. Epoxy-based products find enhanced usage in corrosion resistant applications in automobiles, boats, steel pipes, and transmission pipelines that are exposed to high temperature environment.

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Technology Insights
The liquid-based technology was the largest technology segment in 2015 which accounted for over 75%. The industrial trend is shifting towards non-solvent based technologies with the adoption of waterborne and powder based products in various sectors. With minimum environmental impact due to low VOC content, surging demand for effective products is anticipated to drive waterborne high temperature coatings demand over the next eight years. Strict ecological regulations for using solvent based products have led coating manufacturers to shift focus towards powder-based products.

Powdered coatings are anticipated to be the fastest developing formulation technology by 2024. Higher utilization rates and application ease are a major driver of powder coating market over the forecast period. This segment is expected for a net demand of over 95-kilo tons by 2024.

End-Use Insights
Around 16% of the total revenue in 2015 was generated from Energy & power sector which was the leading end-use segment. Growing concern towards equipment durability and downtime is expected to drive the demand for heat resistant coatings with enhanced color stability and corrosion resilience. Metal processing segment was the second major end-use segment for coatings market in 2015. Demand in this segment has been increasing owing to increasing demand for metal equipment in the commercial and industrial sector.

Various applications include heavy equipment, machine and metal piping for agricultural, forestry, waste treatment facilities, and manufacturing. U.S. demand for the market in automotive sector was valued over USD 60 million in 2015 and is estimated to grow at a CAGR of 3.6% from 2016 to 2024. The coating protects from corrosion and acts as a thermal barrier on automobile components.

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Regional Insights
Asia Pacific was the largest market and accounted for more than 35% of total volume in 2015. Steady growth in automotive & construction sectors especially in India, China, and Japan is anticipated to drive the demand in the region. European coatings accounted for more than 30% of the market in 2015 globally. However, slow growth observed for numerous end-user such as aerospace, construction, and oil & gas, in the European region is anticipated to obstruct market and consequently, lose their share in the industry over the forecast period.

North America high temperature coatings market is anticipated to grow at a CAGR of 4.0% from 2015 to 2024. Increasing application of these products in major end-use industries including electronics, automobile, energy, and construction sectors have contributed significantly to the growth in this region. Renewal of reforms to incorporate thermally efficient materials and environment-friendly materials are expected to play a major role in steering product demand in the region.

Competitive Insights
The global market is temperately divided with the presence of a great number of companies such as, PPG Industries, Akzo Nobel NV, BASF, Axalta Coating Systems, Jotun AS, and Sherwin-Williams. Other companies operating in the global industry include Valspar Corporation, Carboline Company, General Magnaplate Corporation, Hempel AS, Chemco International, Whitford Corporation, Weilburger Coatings GmbH, Belzona International Ltd. and Aremco Products Inc.

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Flue Gas Desulfurization (FGD) Market Capacity, Production and Share by Manufacturers 2012-2020

Global Flue Gas Desulfurization Market is expected to reach USD 23.69 billion by 2020. Across the world, over 75% of electricity is being produced from thermal power plant, however coal contains Sulphur in the range of 0.3% to 1% that varies depending upon origin of location. Sulphur present in the coal after reaction forms Sulphur dioxide (SO2) that is toxic to the atmosphere. To save environment form such toxins, various countries like European and the U.S. countries have strict policy regarding the discharge of Sulphur dioxide that should be less than 0.05%. Therefore, power plants are installing Flue Gas Desulfurization (FGD) plant or unit mainly to lower the Sulphur dioxide in environment.

The Market is estimated to grow at a significant CAGR of 6.0% over the future period as the scope and its applications are rising enormously across the globe. Rising use of coal for electricity generation all over the world, presence of several air pollution control rules, and growing awareness regarding environment safety are documented as major factors of Flue Gas Desulfurization Market that are estimated to enhance the growth in the years to come. However, high cost for the installation of Flue Gas Desulfurization systems and high active waste and energy disposing requirements are the factors that may restrain overall market growth in the coming years. The Market is segmented based on type, technology, end users, and region.

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Dry/ Semi-Dry Flue Gas Desulfurization (FGD) System and Wet Flue Gas Desulfurization (FGD) System are the two main types that could be explored in Flue Gas Desulfurization in the forecast period. Wet Flue Gas Desulfurization System sector comprise of seawater, limestone, and others. The Wet Flue Gas Desulfurization System is estimated to remain dominant in the coming years. This may be because of high demand in several industries as they are high efficient to remove sulfur dioxide (SO2) from the flue gas. Also, rules and regulations set by various federal governments, high demand for electricity, and growing number of coal-fired power plants in developing countries are boosting the sector growth.

Exclusively used enhanced technology includes Brownfield and Greenfield that could be explored in Flue Gas Desulfurization in the foremost period. The market may be categorized based on end users like cement manufacturing, power generation, iron & steel, chemical, and others that could be explored in foremost period. The power generation sector accounted for the largest market share of Flue Gas Desulfurization and is estimated to lead the overall market in the upcoming period. The coal-fired power plants use high sulfur content coal for power generation and high demand for power is boosting the overall sector growth.

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Globally, Asia Pacific accounted for the largest market share over 53.9% of Flue Gas Desulfurization and is estimated to lead the overall market in the coming years. The reason behind the growth of overall market could be rising industrial sectors mainly metals and cement companies in developing countries like China and India and disturbing levels of pollution in the region. Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share and is estimated to grow at significant share over 2.3% in the coming years. This may be because of government initiative in developing the agricultural sector.

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However, North America is estimated to grow at fastest pace with the highest CAGR of 3.6% in the foremost period. The aspects that may be ascribed to the growth comprise high demand for electricity in the region and strict environmental policy. The key players of Flue Gas Desulfurization Market are Thermax, Alstom S.A., Siemens Energy, China Boqi, Mitsubishi Heavy Industries, Ltd., Babcock and Wilcox Company, Marsulex Environmental Technologies, Chiyoda Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Encryption Software Market Key Driver, Application, Challenges and Opportunities By 2024

"The need to safeguard corporate data is driving the encryption software market"
By 2024 the Global Encryption Software Market size is expected to reach $ 8,402.9 million, which is growing at a CAGR of more than 14% from 2016-2024. With the growth in the trends like Internet of Things (IoT) and Bring Your Own Device (BYOD), concerns about data security are on all-time high. These trends have further caused cyber-attacks, thefts, data breaches and commercial espionage which will drive the demand for protective software. Developments in the terms of hardware and software in the fields of mobile technology and their increased penetration are further estimated to fuel the demand over the forecast period.

The inclination of firms towards cloud computing, demand for sensitive data protection, high data volume requirements has led to increase in the demand of encryption software. Verticals such as BFSI and healthcare are required to comply with stringent regulations set by authorities such as the PCI, HIPPA and DSS who have formulated data security solutions which has led to application of security solutions all over the world. Intellectual properties of enterprises and users have become prone to infringement and theft on account of increase in usage of internet and rapid digitization.

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Protection provided to the sensitive data and intellectual properties of enterprises is expected to drive the market over the next few years. However implementation of such solutions which are fairly expensive can cause challenges in the fields of budgets. Furthermore, application of these provisions is considerably time-consuming and complex, though the kind of security and safety provided balance-out the challenges such as time-consumption. Due to well-established telecom and IT sector, North America consumed a major share. Generation of huge amounts of data that needs to be protected was the major reason behind this hiked consumption. Furthermore, increased usage of personal computers and the internet are expected to raise the demand of encryption software over the forecast period.

"Cloud encryption to witness substantial growth over the forecast period"
By 2024, the segment that is expected to witness a growth at CAGR of 19% is the cloud computing segment. Data storage being major resource of information for industries such as retail, finance and banking has caused them to incline toward cloud computing. Flexibility and scalability offered by these solutions are the main reasons for the adoption of encryption software. At the same time with the increase in adoption of cloud computing, the need to protect the data has also escalated.

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Additionally, the propagation of expert data analytics has caused raise in the rate of internet usage leading to increased use of cloud encryption software. The regulated standards are set owing to the increase in the rate of growing cyber-attacks and mobile-theft.

"BFSI dominated the application segment"
BFSI segment in 2015 captured considerable market share consuming over $600 million and is expected to grow at CAGR of 15 % by 2024. Sudden spike in the number of cyber-attacks and the ever changing nature of the industry has resulted into increase in demand of security of financial data that is sensitive from theft and infringements by lowering risks and maximizing returns. The growth in adoption of cloud technologies in banking sector is expected to drive the market for next few years. Traditional data transfer techniques such as DVDs, email and other data transfer techniques are adopted by banks for transferring the data which are highly risky keeping in mind the level at which the infringers operate.

Increase in demand of such software is expected due to implementation of such techniques. Furthermore, rise in dependency on the online method of banking and the need to protect the transactions will fuel the need of encryption software over the forecast period.

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"Asia Pacific to experience robust growth; China exhibits growth potential"
In 2015, the Asia-Pacific region accounted for $500 million which is expected to increase due to organizations shifting to cloud storage facilities due to their incapacity to develop data storage infrastructures, which will surely increase the risks of losses of data, infringements and thefts escalating the demand. Countries like China and India have tremendous rate of development manufacturing sector as well as IT and telecom sector which will drive the market in the forecast period.

"The encryption software market fragmented in nature"
The key players in the market are firms like Microsoft Corporation, Cisco Systems, Symantec, EMC Corporation, Bloom base, Sophos, IBM Corporation, Intel Security and Trend Micro. These firms offer solutions to both large scale businesses and small & medium scale businesses at the same time focusing on the research and development of newer techniques of cryptography to provide optimum solutions to the clients.

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Deep Brain Stimulators (DBS) Market Analysis, Growth, Trends and Forecast 2012-2020

Industry Insights
The global size for Deep Brain Stimulators (DBS) Market in 2016 was worth USD 618.6 million and is anticipated to grow with a CAGR 17.2% throughout the forecast period. The growth can be attributed to the high prevalence of neurological disorders such as Alzheimer’s disease, epilepsy, essential tremor, dystonia, Parkinson’s diseases and obsessive-compulsive disorders. This in turn raises the clinical urgency to adopt of this stimulation device in aforementioned indications. Rise in the geriatric population base, which is more susceptible to neurological disorders is also a high impact growth rendering driver.

Also, coupled with advent of innovative and cost efficient technology for management of neurological disorders and chronic pain is expected to boost the growth potential throughout the forecast period. The advent of technologically advanced and sophisticated products such as implantable pulse generator (IPG) and consistent increase in R&D activities are projected to further impel lucrative opportunities in future. IPG helps in efficient stimulation and provides varied proportions of electric current in between leads which are multi polar. The efficacy can also be increased with the use of feedback signals which are computer based to reduce risk of side effects.

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According to a report by Parkinson’s disease Foundation, the risk of Parkinson’s increases with increase in age with the median age for the disease being 55 to 60. Also, the high prevalence of target diseases has a significant impact on the growth on the DBS industry. The inadequate efficacy associated with oral therapeutics, for instance, dopamine and its associated adverse effects are the major causes for the surge in adoption of DBS.

Application Insights
The deep brain stimulators are commonly used for Parkinson’s disease owing to its ability to keep track of symptom fluctuations which are short-lived as the disease progresses. The use of DBS shows higher efficacy when compared to other oral medication available, hence leading to dominant market share. In terms of revenue generated in 2016, Parkinson’s disease is followed by OCD and dystonia. The higher number of benefits associated with this treatment is also major contributor for the share registered by Parkinson disease in the application segment. These include improvement in motor symptoms for longer duration, increased relief from other non motor symptoms such as sleep disturbances and muscle cramps.

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Other benefits include minimum incidences of drug induced adverse effects including dyskinesia and lower dose of medication thereby resulting in greater adoption of DBS in comparison with conventional therapeutic options. The life quality is also enhanced with use of beep brain stimulators due to improvement in motor symptoms. The aforementioned factors are the key driving factor for market growth throughout the forecast period. Moreover, DBS finds use in pain management and increasingly used for treating epilepsy in the regional market of Europe is projected to drive the market in future. The continuous research for its usage in newer array of applications is projected to further impel market growth.

Regional Insights
The overall market was dominated by North American region in 2016 with share of over 50.0%. The high share can be attributed to various factors such as favorable healthcare infrastructure and supportive reimbursement policies of the region. Rise in awareness related to application and benefits associated with them are major contributors to the share attained by North America over the previous years. Asia Pacific is expected to witness exponential CAGR throughout the forecast period. Moreover, the pending approval for commercialization of DBS for epilepsy treatment by U.S.FDA is anticipated to further strengthen regional consumer base. Increasing disposable income, consistent rise in patient awareness and high healthcare expenditure of emerging countries is predicted to present with high potential growth prospects across Asia Pacific.

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Competitive Insights
The prominent players in the market include Aleva Neurotherapeutics SA, Boston Scientific, St. Jude Medical Inc. and Medtronic Plc. The nature of the industry is oligopolistic with a rise in focus by key players on providing advance technologies to maintain their competitive edge and increase penetration. Various strategies adopted by the major manufacturers are promoting awareness level amongst patients as well as healthcare professionals. This is achieved with the help of promotional campaigns which will be fruitful to increase acceptance of deep brain stimulators in the future.

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Coagulation Analyzers and Reagents Market Industry Sales, Revenue, Key Players and Forecast 2024

Industry Insights
The Global Coagulation Analyzers and Reagents Market size was worth USD 3.3 billion in 2015 and is likely to grow at a CAGR of over 10.2% over the forecast period. The growth of this market is supported by increasing number of lifestyle disorders and chronic blood related disorders. The increase in the volume of testing can be attributed to the augmented awareness among people towards lifestyle and blood disorders which is expected to further improve the diagnostic rate and preventive care management. The study covers developing countries which are undergoing paradigm shift and are highly investing government funds for the procurement and installation of these medical devices in the public healthcare facilities.

Specifically, for the developing nations of the Asia Pacific and Middle East region factors such as increased geriatric population, rapid growth in foreign investments and rising prevalence of lifestyle disorders are expected to be support market growth. Another major driving force identified is the increased incidence of haemophilia as per a report published by the WHO, resulting in the industry growth and rising installation base and expansion of these medical devices in the healthcare facilities.

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Product Insights
Analyzers are one of the most critical and important equipment used for diagnosis, currently owing to multiple factors and thus are expected to have a lucrative CAGR in the forecasted period. The major factors driving the growth of this segment are increasing incidences of the lifestyle disorders such as diabetes, cardiovascular disorders and obesity combined with developing healthcare infrastructure and spending on healthcare. The factor expected to propel the growth of the diagnostics market, are providing timely and quality care to the patients which in turn is expected to hike the demand for hemostasis analyzers.

The class of hemostasis analyzers recording the majority of the shares in 2015 is the clinical laboratory analyzers which are predominantly used in the hospitals for the hematological analysis of the patients on a daily basis. Shares up to 65.0% were held by the Consumables segments which were further sub segmented to stains and reagents. Due to the pre requisite of having reagents for each and every test, their demand also increases with increase in diagnostic volume, hence a high repository of orders are placed by the hospitals. The sales of these consumables are expected to be boosted by the higher volumes of testing and development of new and innovative assays.

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Technological Insights
Over the period of forecast, optical technology is estimated to hold majority of the shares due to the increasing combination of photo optical method with immunologics and chromogenics. This combination has led to the development of multipurpose, high performance optical hemostasis analyzers. This segment is further divided into chromogenic/immunological/photo optical and others. The other segment includes technologies that are patented by Beckman Coulter Inc., Instrumentation Laboratory, Siemens Healthcare and others.

Test Type Insights
In the context of test types, maximum shares were recorded to be held by the prothrombin segment followed by the APTT test segment in 2015. High popularity among the physicians for the aforementioned tests is responsible for the large shares. The APTT test is majorly used in the detection of coagulation inhibitors, inherited and acquired abnormalities of the intrinsic coagulation pathway, liver diseases, monitoring of heparin therapy and Disseminated Intravascular Coagulation (DIC). The various principles on which this test is based are electrochemical and photo optical.

End-use Insights
The major drivers for the end-use segment of the coagulation analyzer market are rapid expansion in primary healthcare centers and hospitals, favorable government regulations in the healthcare facilities combined with availability of advanced equipment with capacity to perform high accuracy multiple tests. The major end users of this market are research institutes, hospitals, diagnostic centers and others. In 2015, diagnostic centers dominated the market due to the high rates of outsourcing of the diagnostic tests to these centers, but in the forecasted period hospitals are expected to grow due higher number of installations of analyzers and consumables on the basis of hospital needs.

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Regional Insights
North America held majority of the revenue shares in 2015 for the global market, which is around 35.0%. The major drivers for this region are increasing prevalence of disorders belonging to the cardio metabolic class like Pulmonary Embolism (PE), and Deep Vein Thrombosis (DVT) and presence of well-established healthcare services. Regions such as Middle East and Africa are expected to show higher growth rates due to the growing number of hospitals, health centers and clinics combined with highly skilled professionals to provide useful, appropriate and safe healthcare facilities.

In 2012 Ministry of Health and Ministry of Public Works announced an investment worth USD 4.4 billion aimed at expansion and replacement of nine operating hospitals in the span of next ten years, following which a National Health Plan was created for the span of 2010-2014 focusing on major expansions in the healthcare sector.

Competitive Insights
Major players in the market are namely Siemens Healthcare, Instrumentation Laboratory, and Roche Diagnostics, Alere, Inc., Thermo Fischer Scientific, and Nihon Kohden. Due to the easy global accessibility in this market, the major players are already present in across various countries and are competing to secure the higher market share. Distributions of these products are majorly done by third party vendors presently. For example, Sysmex entered into an agreement with Dade Behring for the distribution of their products, which is now a part of Siemens Healthcare Diagnostics. But on the contrary this trend is expected to change in the forecasted period due to the increase in the investment to establish offices for distribution within multiple regions by the players leading to the rise in the momentum of direct supply agreements in the regions over the period of forecast.

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Clinical Trial Management System (CTMS) Market Trends And Opportunities For The Industry By 2024

The Global Clinical Trial Management System Market crossed USD 795.4 million in the recent years and is expected to continue growing during the forecast period. Rise in health concerns and increased R&D expenditure in life sciences& clinical research organization are likely to drive the market growth in the forthcoming period. The clinical trial management system industry witnesses several opportunities in form of availability of CTMS solution, rise in government funds for CROs. However, significant costs and dearth of healthcare professionals are likely to create major hindrance for the market growth during the forecast period. Overall, the clinical trial management system market is expected to grow at a CAGR of 14.0%.

A clinical trial management system (CTMS) is tailor made software system to accomplish clinical trial data operations generated by pharmaceutical and biotechnological companies. A CTMS manages up-to-date clinical data initiation from planning of research proposal to preparation, conducting and reporting generation. Clinical trial management system performs planning on budgets, report budgeting, clinical data management and report generation and accordingly the requirements of recipient companies vary from the future prospect. The clinical trial management system market is segmented into delivery type, type, component and end-user.

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Geographical segmentation for clinical trial management system industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific clinical trial management system market is anticipated to grow at a higher CAGR in the forthcoming period due to rise in number of clinical trials. Outsourcing to India, China and South Korea being a major activity contributes to the market development in this region. North American clinical trial management system industry is likely to gain a significant market share due to presence of stringent laws pertaining to end-user in this region. Rise in demand for CRO for healthcare analytics is likely to account for a major share in the global market.

Middle East and African clinical trial management system market accounts for a leading market position due to rise in healthcare infrastructure and healthcare analytics in these regions. The key players in the clinical trial management system industry include Forte Research Systems Inc., Bioclinica, Oracle Corporation, eClinForce Inc., Medidata Solutions, DATATRAK, Guger Technologies, PARAXEL International Corporation, and MedNet Solutions, Inc. Other participants include; ChemWare Inc., iWEb Technologies, Data MATRIX, Jade Global Solutions, Integrated Clinical Solutions, and MAJARO InfoSystems.

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Market Segment:

Clinical Trial Management System Product Type Outlook (Revenue, USD Million, 2013 - 2024)
• Enterprise
• Site

Clinical Trial Management System Delivery Mode Outlook (Revenue, USD Million, 2013 - 2024)
• Web-Based
• Cloud-Based
• On-Premise

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Clinical Trial Management System Component Outlook (Revenue, USD Million, 2013 - 2024)
• Software
• Service

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Adoxal Market Sales, Price, Revenue, Gross Margin and Region Analysis 2014-2025

Adoxal is a sort of fragrance that comprises floral notes like as magnet and cyclamen. Adoxal furthermore combines well with sweet and timbered conformations. Adoxal has a classic and fresh linen perfume. Adoxal is extensively utilized in make-ups and fragrance manufacturing. It is extensively utilized in detergent perfumes owing to its fresh perfume. Adoxal furthermore discovers a varied assortment of uses in cosmetic manufacturing. The international Adoxal market is very niche. Internationally, the income produced from the trades of Adoxal is anticipated to rise at a quick jump in the prediction period.

Adoxal need to be warehoused in completely airtight bottles in dry, cool and aerated place away from causes of explosion. Adoxal look like as light creamy liquid and must be sheltered from light and air and must evade interaction with alkali, oxidizing mediators and tough acids. Increasing cosmetics manufacturing is predictable to be the key motive for the growth in call for adoxal above the prediction period. Varying way of life of customers together with growing per head earnings is likely to trigger the demand for adoxal, therefore motivating the international adoxal market above the prediction period.

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Growing inclination for individual look is likely to trigger the call for Adoxal in industrialized nations. This is likely to be a main dynamic feature for the progress of Adoxal market above the prediction period. Strict rules are likely to impede the development of worldwide Adoxal market above the prediction period. Furthermore, the instable price is also anticipated to be a key restrictive feature for the development of international adoxal market in the prediction period. The international market for Adoxal can be segmented on the source of Type of Product as Standard and Premium.

The international market for Adoxal can be segmented on the source of Type of Application into Perfumes, Cosmetics, Detergents, and Others. The international adoxal market is divided by areas into North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW). North America is probable to denote the highest portion in the international adoxal market. Europe and Asia Pacific are likewise projected to dominate the international adoxal market in the forecast period. Asia Pacific is expected to observe greater progress by means of price in the international adoxal market.

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Increasing cosmetic manufacturing in India and China is projected to be the most important cause for upswing in demand for adoxal in Asia Pacific area. Demand for adoxal in Middle East and Africa is projected to rise at a faster speed above the prediction period. This is largely credited to the growing cosmetic manufacturing in this area. There is foremost development prospective for first-rate sectors of fragrances owing to increasing middle class in developing markets. The development of cosmetics and fragrances market is anticipated to motivate the call for Adoxal; since it is a key constituent in fragrances.

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Additionally, augmented call for youth-centered and interesting fragrances is projected to set the speed for speedy market development. India and China are likely to be chief customers in Asia Pacific owing to existence of recognized end user manufacturing. Indonesia, Japan, Vietnam, Republic of Korea, Australia, New Zealand, Hong Cong, Macau, and Malaysia are further main customers of adoxal in Asia Pacific. North America and Europe are anticipated to witness modest to greater development. Some of the important companies that are operating in the international market of Adoxal are The John D. Walsh Company, Inc., Wild Flavors, International Flavors & Fragrances, Shandong Fang Sheng Aromatics Co., Ltd., and Givaudan.

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Power Electronics Market Opportunities and Growth Forecast by 2025

Industry Insights
Global Power Electronics Market is solid-state circuit that control electric power in efficient manner. The emerging demand for energy-efficient, battery powered devices and use of electronics indifferent industries is likely to fuel market globally over a forecast period. In 2016, the market size of power electronics was valued at USD 32.33 globally. The growing trend of energy harvesting, usage of renewable energy sources are key reasons that are anticipated in growth of industry in coming period. The use of power electronics in electric vehicle is also considered important in market growth. Power electronics is a circuit that is used to control and conversion of electric power. A rectifier is a common device that is used in many consumer electronics devices such as computer, battery charger and television set.

At present, the power electronics has applications in electric cars and hybrid electric vehicles to avoid power loss. Electric trains, elevators also make use of power electronics that has ability to regulate energy flow into unidirectional and bidirectional depending on usage. The rapid adoption of new technology for efficient energy usage is major driver for power electronics market. Aerospace & defense, consumer electronics, automobile sector are areas where power electronics are used widely. Government initiatives to opt for renewable energy at all platforms, faster switching, rise in demand for higher efficiency are other additional factors that are expected to boost the market growth and is expected to create new opportunities.

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Material Insights
The global market is further subdivided on basis of material such as sapphire, silicon, gallium nitride and silicon carbide. In 2016, among above the silicon accounted highest market share, is expected to dominate over next seven years owing to the fact that silicon is key element in power electronics, and is used in almost every circuit. From 2017 to 2025, sapphire segment is expected to grow at highest CAGR providing great opportunities for manufacturer and supplier. Sapphire is used in devices such as LED lights, smart watches and optical wafers. There has been significant increase in demand of consumer electronics such as smart watches, smartphone and home appliances which will have positive impact on sapphire segment as its applicability is increasing across different products.

Device Insights
The industry is further segmented on the basis of devices such as integrated circuits (IC) devices, discrete devices and modules devices. In 2016, the largest market share belonged to discrete devices and is predicted to remain same till 2025. These devices make use of diodes, thyristors and transistors and large adoptions of diode, thyristors and transistors resulted in large market share. The use of power IC’s in radio frequency (RF), high frequency wireless communication, RADAR and satellite communications expected to drive market. Technological advancement has resulted in development of various power devices that has different applications. The segment will witness growth due to its application in electric cars, electro electric-powered aircrafts and Smart grid application that allow utilities control power flow.

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Application Insights
ICT, automobile, consumer electronics, industrial, aerospace & defense are functional areas where power electronics are used widely. In 2016, the power segment dominated in terms of market size. Automobile sector will witness fastest growth at CAGR of 2.8% in given period. Application in Hybrid electric vehicles (HEV), electric cars and awareness about growing pollution in environment will have positive impact in industry growth. The development of various alternatives and use of renewable energy so as to conserve natural resources such as fossil fuels is paving the way for use of power electronics devices in automobile sector.

Regional Insights
In 2016, the Asia Pacific region dominated in terms of market share which was about 40% and it is expected to continue its domination till 2025. This will create huge opportunities in different sectors mainly automobile and ICT. Government initiatives, low cost and operational benefits in emerging economies like India, Singapore, South Korea and china are attracting key players in market to set up their manufacturing unit. The region has emerged has a promising manufacturing hub for electronics and is boosting manufacturing activities in region. The above factors mentioned is expected to drive market in Asia pacific region.

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Competitive Insights
Some Major players in industry are Texas Instruments, Inc., Infineon Technologies AG, Mitsubishi Electric Corp, Qualcomm Inc. and Fuji Electric Co. The key players in developed and developing economies practice different strategic initiatives such as new product development, mergers and acquisitions to reach their customers and increase their market share.

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