Author Archives: Market Research Vault

Crystalline Solar Collectors Market Positive Long-Term Growth Outlook 2024

Increasing demands for clean energy is a major reason for the globally growing utilization of solar energy. Innovations in the development of the photovoltaic (PV) cells played a major role in capturing solar energy efficiently. PV cells can be combined in collector panels which convert solar energy into electrical energy through the photoelectric effect. Commercially crystalline silica and its oxides are used to manufacture PV cells. Silicon is abundantly present all around the world and is an environmentally safe element, and thereby the ideal choice. Crystalline solar PV collectors are mostly used in the industrial and residential sectors. Numerous innovations are also in progress to improve the efficiency of PV cells made from crystalline silicon so as to tap solar energy efficiently. Monocrystalline silicon, polycrystalline silicon, and amorphous silicon are major types of silicon presently used. Other materials which can be employed for this purpose are cadmium telluride and copper indium gallium selenide/sulfide.

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A majority of the world’s PV solar collectors are based on different variations of silicon used in PV cell manufacturing technologies which distinguished them as monocrystalline and polycrystalline PV cells. These solar cells are made out of cylindrical silicon ingots which are further modified to make silicon wafers. Monocrystalline PV cells are made from an extremely pure form of silica which exhibits prominent solar conversion efficiency. Polycrystalline silicon solar cells are manufactured from less pure silicon and are therefore less efficient. Multiple types of solar collectors have been developed recently to improve the efficiency of solar energy collection such as thin-film solar cells, amorphous silicon (a-Si) collectors, cadmium telluride cells, copper indium gallium selenide-based collectors, and organic photovoltaic collectors. The main advantages of thin film PV collectors are their relatively low consumption of raw materials, high efficiency, reduction in sensitivity on overheating, improved integration & appearance, and excellent performance at high ambient temperatures. Their current drawbacks are their limited solar conversion efficiency and the industry’s inadequate experience with lifetime performance.

A few recently developed solar collection technologies include solar thermoelectricity systems, dye sensitized solar cells and concentrated photovoltaic collector systems which may hold a significant share in the solar energy market if they become competitive enough to be commercialized.

The annual global production of solar energy is estimated to reach over 500GW by the end of 2020 (from 40 GW in 2013) which indicates that the global crystalline solar collector market is expanding rapidly displays excellent potential. China and Germany are the leading countries in terms of solar PV collectors and account for an installed capacity of more than 37 GW. The market is burgeoning in South East Asia due to growing energy demands and strict global environmental norms. Decreasing costs of PV cells, uncertainties in the global oil & gas industry, and advanced technological innovation are helping make solar panels smaller, cheaper and more customer friendly thereby attracting several countries to adopt them in their energy replenishment programs.

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Major restraints for the crystalline solar PV collector market are the reduced solar conversion efficiency of the existing PV cells and use of modern crystalline materials which are expensive and toxic for the environment. Efforts are being taken to increase their efficiency of solar collectors through new technological breakthroughs such as nano-crystalline solar cells, thin-film processing, metamorphic multijunction solar cells, and polymer processing to propel the PV solar collector industry. Key global players in market include Wuxi Sutech Power Co., Ltd., First Solar Inc., Juwi Solar, Inc., Yingli Solar, Sharp Solar Energy Solutions Group, BP Solar, and Canadian Solar Inc. Major Indian manufacturers are SunFuel, SSL Ltd, and Emmvee Photovoltaic. PV is projected to produce about 10% of world’s electricity by 2030. The Market’s future prospects appears to be promising and it is poised to be a major contributor in energy replenishment of the world in the near future.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Battery Recycling Gets a Fillip Globally Thanks to Strong Government Support.

The high level of competition among established battery manufacturers for recycling is indicative of the rising adoption and provision of battery recycling. Transparency Market Research (TMR) observes that although battery recycling is still a niche market, technological advancements and innovations pertaining to the recovery of complex materials have lent battery recycling market immense potential. So much so, that despite the requirement of high initial capital investments, new entrants and smaller players have been able to make the most of the opportunity thanks to immense support from environmental institutions and governments.

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Apart from focusing on innovation as a growth strategy, companies in the battery recycling market have also been resorting to mergers and acquisitions to expand their businesses and deliver consistent quality products and services to customers. For instance, EnerSys and PowerGenix joined hands in March 2012 to produce highly rechargeable and recyclable nickel-zinc batteries.

In addition to providing significant scope for players in the battery recycling market, the growing trend of recycling batteries provides a major opportunity for those in the lead extraction and reselling market.

Environmental Hazards of Spent Batteries Fueling Action

Batteries are made up of various materials such as cadmium, lead, lithium, mercury, nickel, manganese, and zinc, and quite a few of these are extremely toxic. Used batteries, if not disposed of properly, can result in hazardous health and environmental conditions. Recognizing the critical nature of these batteries and the adverse impact of their disposal in landfills, companies and governments have been compelled to take various initiatives to recycle batteries.

“Battery recycling services are being provided by not-for-profit as well as profit-making organizations by joining hands with several leading automobile manufacturers. This has significantly driven the global market for battery recycling,” the analyst states.

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In February 2016, Call2Recycle – a non-profit in the U.S. – collaborated with Battery Solutions LLC to set up a batteries sorting business across the U.S. One of biggest opportunities identified from this partnership was improving the efficiency of managing waste batteries by collaborating with a leader in sorting technologies.

Although the practice of battery recycling has been gaining strength at the industrial level with electronic appliances and automotive companies setting up their own recycling centers, the awareness level of among final consumers continues to remain low. This lack of knowledge about battery recycling is likely to act as a major impediment to the growth of this market.

Lead Acid Batteries Recycled at Substantial Rate

The global market for battery recycling is poised to expand at a strong CAGR of 10.9% during the forecast period. Maintaining this steady pace, the value of this market is anticipated to increase from US$7.1 bn to US$19.9 bn from 2015 to 2024. Based on battery chemistry, lead acid batteries dominate the overall market with a share of nearly 45% in 2014 owing to the fact that these batteries are easy to extract and require less operational excellence. These batteries are also generated on a large scale from the automotive industry.

This review is based on the findings of a TMR report titled “Battery Recycling Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

Battery Recycling Market: By Battery Chemistry

Lithium Ion
Lead Acid
Nickel Cadmium
Others
Battery Recycling Market: By Spent Battery Source

Automotive
Electronic Appliance
Others
Battery Recycling Market: By End-use

Extraction of Material
Repackaging, Reuse, and Second Life
Disposal
Battery Recycling Market: By Region

North America
U.S.
Canada
Mexico
Europe
Germany
Norway
Netherlands
U.K.
France
Spain
Finland
Russia

Rest of Europe
Asia Pacific
Australia
China
India
Japan
South Korea

Rest of Asia Pacific
Middle East & Africa
UAE
South Africa

Rest of Middle East & Africa
South America
Brazil
Argentina
Columbia

Rest of South America

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/battery-recycling-market.html

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DER Management Technologies Market Advanced technologies & growth opportunities in global Industry by 2024.

Distributed energy resources (DER) are electricity generation units (typically in the range of 3 kW to 50 MW) located within an electricity distribution system at or near the end user. These units are parallel to the electric utility or stand-alone units. DER have been in use for several years and are known by different names such as generators, back-up generators, or on-site power systems. Terms that are used within the electricity industry include distributed generation (DG), distributed power (DP), and DER. Distributed generation is a technology that produces power outside of the utility grid (e.g. fuel cells, micro-turbines, and photovoltaics). Distributed power is a technology that produces or stores power (e.g. batteries and flywheels) and Distributed energy resources (DER) is a technology that is included in DG and DP. Under DER, power can be sold back to the grid where permitted by regulation.

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DER Management Technologies Market: Dynamics and Trends

Smart grid, micro-grid, and storage deployments are advancing the scope and reach of distributed energy resources management technologies. Distributed energy resources (DER) are growing globally and network operators are facing the challenge of integrating technologies of low-carbon energy and operating a more flexible system. Smart grid solutions is an innovative technology in DER integration and control products. This provides optimum and efficient energy management services for power utilities as well as for DER operators. Distributed energy resources can be integrated to provide power required to meet the regular demand. As electricity grids continue to modernize, DER management technologies such as storage and advanced renewable technologies can help facilitate the transition to smart grid. In order to deploy DER in an efficient, widespread, and cost-effective manner; complex integration with the existing electricity grid is required. DER is considered as the next-age electricity infrastructure with integration and smooth transition of the electricity generation industry. Grid edge technologies for DER integration are being deployed by utilities. This solution would help utilities deal with ageing grid infrastructure or outages during storms. In the recent years, residential and commercial customers are taking advantage of decreasing cost of the technology as well as favorable government policies to adopt DER including solar photovoltaic (rooftop solar) batteries, wind turbines, diesel generators, energy management systems, electric vehicles, and energy storage systems. Due to integration of DER management technologies into distribution grids, strong communication channels to send commands on customer’s choices have developed.

DER Management Technologies Market: Segmentation

The DER management technologies market can be segmented by DER management (DER analytics, DER management systems, and virtual power plant systems); by technology (micro-turbines, combustion turbines, IC engines, sterling engines, fuel cells, energy storage/UPS systems, and others); by application (hospitals, industrial plants, computer data centers, and others); and by region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

DER Management Technologies Market: Region-wise Outlook

Progressive utilities, in the U.S. in particular, are expected to drive the market for DER management technologies during the forecast period. Asia Pacific and Europe are expected to witness growth of the market in the near future. Latin America and Middle East & Africa are likely to maintain limited deployments of DER management technologies in the next few years.

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DER Management Technologies Market: Key Players

Key players operating in the global DER management technologies market are ABB, AutoGrid, Comverge, Doosan, GridTech, ENBALA Power Networks, GE, OATI, Schneider Electric, and Siemens.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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90 State Street, Suite 700
Albany, NY 12207
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Website: http://www.transparencymarketresearch.com

Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/der-management-technologies-market.html#

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Success in Generators Market Rests on High-tech Features and Competitive Pricing, finds TMR

Cutting through the noise in a highly fragmented generators market is becoming increasingly difficult for both regional and global players. This has manifested in the form of aggressive consolidation efforts and distribution network expansion strategies, finds Transparency Market Research (TMR) in a new study. The leading companies in the global generator market include Cummins Inc., Caterpillar Inc., Generac Holdings Inc., Kohler Co., Mitsubishi Heavy Industries Ltd., and Briggs & Stratton Corporation. A substantial part of the revenues generated via generator sales globally were concentrated in this camp in 2015, finds TMR.

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“With regulators keeping a close watch on CO2 emissions and the efficiency of generators, constant innovation and improvement have become the mantra for growth. Other focus areas should remain noise reduction, wireless connectivity, remote monitoring, and power system integration,” says a TMR analyst. Companies that are able to grasp changing consumer preferences and expand their distribution channels to far-flung areas in emerging economies will carry a huge competitive advantage.

“Natural gas generator sets are expected to witness a spike in demand. Industrial and commercial facilities are expected to install generator sets in large numbers,” states the analyst.

Natural Gas Fueled Generators are Looking at a Promising Future

The rising fuel prices and supply gap in electricity are driving more industrial and commercial consumers to install generators. As the existing grid infrastructure grapples with the increasing load, power outages can mean millions of dollars’ worth of downtime for industrial and commercial facilities. Consequently, the demand for generators is expected to remain strong until 2024, TMR forecasts.

However, companies are now faced with strict mandates issues by regulatory bodies. The future for natural gas-fueled generators looks promising as a result. Irrespective of the power rating or fuel type, generators also now need to meet higher expectations in terms of noise reduction, wireless connectivity, and greater efficiency.

Despite no evident dearth of drivers, global generator sales could take a marginal hit from the swiftly expanding electricity transmission and distribution network worldwide.

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Generator Installations to Rise Swiftly in Commercial and Industrial Sector

According to Transparency Market Research, the global generator market had a valuation of US$16.61 bn in 2015 and is expected to expand at a CAGR of 4.58% to reach US$24.76 bn by 2024.

The global generator market has been segmented on the basis of power rating, fuel type, application, and end-user. By power rating, the 100-350 kVA segment stood as the largest in 2015 owing to the fact that both residential and commercial facilities use generators in the segment. The fastest growth is projected for the above 1000 kVA power rating segment at a 6.51% CAGR during the forecast period.

Similarly, basis fuel type, diesel generator sets is the largest segment owing to the conventionally ubiquitous nature of diesel gensets. The conventions, however, are on course to changing in the long-term future as TMR finds that the natural gas generator set segment will expand at the fastest CAGR of 7.94% through the forecasting horizon. This change will be driven by the strong emphasis on minimizing harmful emissions.

Basis application, prime continuous power emerged as the largest segment in 2015, contributing revenues to the tune of US$8.12 bn in that year. By type of end user, the commercial and industrial segment accounted for the biggest share in the pie at 58.50% in 2015.

The information in this review is based on a Transparency Market Research report, titled “Generator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.”

Generator Market – Fuel Type Segment Analysis

Diesel Generator Sets
Natural Gas Generator Sets
Other Fuels Generator Sets
Generator Market – Power Rating Segment Analysis

Below 100 kVA
100–350 kVA
350–1000 kVA
Above 1000 kVA
Generator Market – Application Segment Analysis

Standby Backup Power
Prime Continuous Power
Peak Shaving Power
Generator Market – End-user Segment Analysis

Residential
Commercial & Industrial

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Name: Rohit Bhisey
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Website: http://www.transparencymarketresearch.com/generator-market.html

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Installation of Hybrid Power Systems to Rise as Energy Industry Preference Centers on Renewable Sources, says TMR

Investing in emerging economies and setting up hybrid power systems and rural electrification programs in the remote areas of Asia Pacific and the Middle East and Africa are key growth strategies for players in the hybrid power systems market, observes Transparency Market Research (TMR). For instance, Borg Energy invested a heavy sum in India in January 2014 in several projects centered on rural electrification and engineering, procurement, and construction (EPC). Likewise, Guangzhou HY Energy Technology Limited Corp., in 2011, supplied a wind-solar hybrid street light system in Tabriz, Iran and in 2012, installed a number of wind-solar hybrid systems for a telecom station in Mongolia.

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“New product development and innovation is also an effective strategy adopted by a number of players,” a TMR analyst states. The hybrid power systems market is extremely inviting to new players despite the high initial investment required to manufacture as well as assemble these systems. Thanks to government and other regulatory institution clearances and the provision of various subsidies, the competitive landscape of the global hybrid power systems market is likely to witness constant change over the coming years.

Increasing Focus on the Use of Energy-efficient Technologies

One of the major advantages presented by hybrid power systems, which is also a key driving factor for the global market, is the ability of these systems to reduce carbon emissions. “Controlling carbon footprint is among the top priorities of most energy producing companies and factors such as climate change and growing social responsibility have contributed toward these companies focusing on using energy-efficient technologies in their networks,” the author states.

In April 2016, Vodafone Qatar announced its plans to roll out several hybrid power systems across its sites in the country as part of its efforts to reduce its carbon footprint and improve the company’s energy efficiency measures.

On the down side, however, high installation costs and initial investments deter companies from the setting up of hybrid power systems. “Building the infrastructure for hybrid power plant, especially solar-wind-diesel systems, is immensely expensive,” a lead analyst at TMR finds. “Moreover, these systems have a much longer return on investment (ROI) period compared to conventional sources of energy.” This threatens to hamper the growth of the hybrid power systems market.

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TMR Predicts Surge in Upcoming Hybrid Power Projects

The global revenue generated by the hybrid power systems market is anticipated to rise from US$411.7 mn in 2015 to US$703.5 mn by 2024 at a 6.1% CAGR therein. By type, wind-solar-diesel hybrid power systems held the dominant share of over 45% in 2014 and this segment is likely to retain its lead throughout the forecast period. The others segment, comprising wind-hydro-diesel hybrid, solar thermal, and hybrid-solar biomass, is projected to expand at the fastest pace from 2016 to 2024.

“Only a fraction of companies in the renewable power industry are presently involved in the generation of power via hybrid power systems for rural electrification,” the analyst states. “However, an increasing number of upcoming power projects across the globe is likely to spur the demand for hybrid power systems.”

This review is based on the findings of a TMR report titled “Hybrid Power Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

Global Hybrid Power Systems Market: Type Analysis
Wind-Solar-Diesel-Hybrid
PV-Diesel-Hybrid
Others

Global Hybrid Power Systems Market: End-Use Analysis
Residential
Rural Facility Electrification
Others

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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90 State Street, Suite 700
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Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
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Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/hybrid-power-systems-market.html

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Geriatric Medicines Market worth US$ 948.0 Billion by 2023; Increasing Prevalence of Chronic Diseases and Cardiovascular Conditions in Elderly Populations to Bolster Uptake

Some of the prominent players operating in the global geriatric medicines market are Sanofi S.A., Pfizer, Inc., Novartis International AG, Merck & Company Inc., GlaxoSmithKline plc, Eli Lilly and Company, Bristol-Myers Squibb Company, C.H. Boehringer Sohn AG & Ko. KG, Abbott Laboratories, Inc., and AstraZeneca plc. Several players are capitalizing on emerging opportunities in a number of developing nations as the governments are making substantial investments in providing geriatric medicine and palliative care, observes Transparency Market Research (TMR).

The global market for Geriatric Medicines stood at US$ 504.7 bn in 2014 and is projected to expand at a CAGR of 7.3 % during 2015–2023. Rising at this pace, the opportunities in the market is anticipated to reach US$ 948.0 bn by the end of 2023.

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Asia Pacific to Provide Lucrative Growth Avenues in Coming Years

Regionally, the global geriatric medicines market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, the Asia Pacific market is expected to rise at the substantial CAGR over the forecast period. The growth of the regional market is expected to be fueled by the increasing prevalence of medical conditions and diseases affecting the aged people and substantial government initiatives in providing quality geriatric care through care units.

Based on the disease condition, the geriatric medicines market is segmented into arthritis, cardiovascular, neurological, osteoporosis, respiratory, and cancer. Among these, the cardiovascular segment held the major revenue share in 2014 and is projected to rise at the fastest CAGR over the forecast period. The dominance of the segment is attributed to the rising prominence of cardiovascular conditions affecting the elderly people needing geriatric care and the mounting concerns related to cardiac attacks.

Governments’ Push for Quality Geriatric Care Bodes Well for Market

The global geriatric medicines market is primarily driven the general rise in the elderly populations in various regions, particularly in developing and developed nations. The growing prevalence of adults aged over 65 years that are affected by a variety of chronic conditions and the rising incidence of diseases such as neurological disorders, cancer, rheumatoid arthritis, and cardiovascular disorder are the key factors boosting the geriatric medicines market. A large number of aged people reliant on polypharmacy are prone to the side-effects due to the interactions of the different medications. This has propelled the demand for geriatric care, thereby catalyzing the geriatric medicines market.

The increasing prevalence medication-related problems among older adults and the pressing need for palliative care are the seminal factors boosting the geriatric market. Furthermore, in recent years, the concerted efforts by governments in providing quality geriatric care in a number of emerging countries and the significant investments made by them in opening geriatric care units have accentuated the market. The rising prevalence of aged people suffering from different chronic conditions has fueled the demand for analgesics among the elderly population, thereby stimulating the uptake of geriatric medicines. The increasing prevalence of various cardiovascular conditions has triggered the incidence of heart attacks, thereby fueling the demand for geriatric medicines.

However, the lack of awareness about the availability of geriatric care among elderly patients in emerging nations is a crucial factor likely to impede the market to an extent. On the other hand, constant advances in healthcare infrastructure in several nations in developing and developed regions is expected to open up exciting opportunities for market players.

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Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/pressrelease/geriatric-medicine-market.htm

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Global Base Oil Market: Automotive Sector Continues to Serve Maximum Demand, notes TMR

A recent intelligence study by Transparency Market Research has observed that the global base oil market is divided among a large number of players and that the competition is highly intense. The report picks out SK Lubricants Co. Ltd., Royal Dutch Shell plc, Exxon Mobile Corporation, and Chevron Corporation as some of the most promising companies in the global base oil market, expecting them increment their shares and consolidate their position via dedicated focus on diversifying their product portfolio as well as expanding their geographical presence via mergers and acquisitions.

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As per the estimations of the TMR report, the demand in the global base oil market will increase at a CAGR of 1.4% during the forecast period of 2015 to 2020, projecting it to reach a valuation of US$30.9 bn by the end of 2020, up from its evaluated worth of US$34.51 bn in 2014. The report also highlights S-Oil Corporation, Phillips 66 Company, Sinopec Corporation, BP plc, GS Caltex Corporation, PetroChina Company Ltd., and MOGoil GmbH as some of the other key vendors operating in the global market for base oil.

Stringent Environment Regulations Driving Pushing for Higher Quality Products

Product-wise, the report segments the global base oil market into Group 1 including SN150, BS150, and SN500, Group II including 150N, 500N, and 600N, and Group III, which includes 2cSt, 4cSt, 6cSt, and 8cSt. Among these, although Group I segment of base oil serves the maximum demand, its dominance over the market is expected to soften-up towards the end of the forecast period due to increasing preference among the consumers for superior quality Group II and Group III base oils. Both industrial as well as the automotive sector are making the shift to the quality product, especially in developed regions such as North America and Europe. That being said, cost-dependent developing regional market in Asia Pacific is expected to sustain the demand for Group 1 base oil. In this region too, stringent regulations against greenhouse gas emission is expected to make the shift towards improved quality base oils shortly after the forecast period ends.

Application-wise, the report bifurcates the global base oil market into automotive, industrial, process oils, metalworking fluids, and hydraulic oils, and rates automotive oils as the most promising segment.

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Asia Pacific Most Profitable Region

Geographically, the report takes stock of the potential of base oil market in the regions of North America, Asia Pacific, Europe, Central and South America, and the Middle East and Africa. Currently, vastly populated region of Asia Pacific, which houses two of the fastest growing economies in India and China, is most profitable, accounting for 41.4% of the demand in 2014. In Asia Pacific, the automotive sector and the manufacturing industry are flourishing with increasing disposable income and rapid urbanization in those two countries. Other emerging economies in the regions of the Middle East and Africa and Central and South America are also expected to increment the demand in the base oil market in the near future.

Rapid Industrialization Driving Demand

Some of the primary factors driving the global base oil market are: growing automotive industry in the region of Asia Pacific, with which the demand for finished lubricants is escalating, massive industrialization in Asia Pacific, growing adoption of superior quality products, positive outlook towards group VI base oils and naphthenic, and stringent emission standards. On the other hand, gradual shift to heavy and sour crude oil by the refiners and plummeting crude oil prices are some of the challenges faced by the global base oil market. Nevertheless, the vendors operating in this market can expect new opportunities to come from gas-to-liquid technology, which will increase the supply of high pure and efficient base oils.

The information presented in this review is based on a Transparency Market Research report, titled, “Base Oil Market by Product (Group I, Group II, Group III, and Others) and by Application (Automotive Oils, Process Oils, Industrial Oils, Metalworking Fluids, Hydraulic Oils, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2020.”

Key Segments of the Global Base Oil Market

Global Base Oil Market, by Product

Group I
SN150
BS150
SN500
Others
Group II
150N
500N
600N
Others
Group III
2cSt
4cSt
6cSt
8cSt
Others
Global Base Oil Market, by Application

Automotive Oils
Industrial Oils
Process Oils
Metalworking Fluids
Hydraulic Oils
Others
Global Base Oil Market, by Geography

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/base-oils-lubes-market.html

ReleaseID: 8090

Bioengineered Protein Drugs Market is Expected to Reach US$ 336.9 Billion by 2025; Increasing Drugs in Phase III of Clinical Trials to Fillip Market

Bio engineered proteins drugs are synthesized through genetic engineering for treatment of human injury, systemic treatments of cancers, organ transplants etc. They are also known as Recombinant Protein drugs and are used for modification of immune reactions, through pathophysiological pathways at multiple levels of cells adhesion and activation. Rise in number of bioengineered protein drugs for treatment of various diseases along with increase in prevalence of diseases such as infectious diseases, cancer, diabetes, etc., are the major reasons for the expansion of the bioengineered protein drugs market. Bioengineered protein drugs are expensive; however, due to their lesser or no side effects, which can also be reversed once the patient treatment stops, the market for these drugs is estimated to expand. Moreover, these drugs when compared with alternative therapies prove to be more efficacious. This further increases the demand for these drugs. However, rise in the development of biosimilars is posing a threat for the development of the market globally.

The global Bioengineered Protein Drugs Market was valued at US$ 177.7 Bn in 2016 and is estimated to reach US$ 336.9 Bn in 2025 at a CAGR of 7.4% from 2017 to 2025.

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The bioengineered protein drugs market by drug type has been segmented as monoclonal antibodies, therapeutic proteins and vaccines. The therapeutic proteins segment accounted for the largest share of the global bioengineered proteins drugs market in 2016 due to extensive activities in the therapeutic protein engineering and recombinant DNA technology products. The Centers for Disease Control and Prevention has estimated that nearly 48.7% people globally use at least one therapeutic proteins prescribed drug. High patient preference has increased market share of the segment in the past few year. However, rising hormonal disorders, diabetes, and infertility have driven demand for recombinant vaccines. Nearly 97% of the vaccines require cold storage of 2°C–8°C from manufacturing until end delivery. Lack of access to properly stored vaccines lead to 2.4 million deaths every year due to vaccine-preventable diseases. Extensive research has demonstrated improvement in temperature stability of vaccines. These factors are likely to contribute to the growth of the vaccine segment in the near future. The monoclonal antibodies segment is projected to expand at a significant but relatively slow growth rate during the forecast period due to long production process.

The monoclonal antibody segment has been further categorized as Humira, Rituxan, Avastin, Herceptin, Remicade, Lucentis, Enbrel, Synazis and others. Likewise, therapeutic protein segment further categorized as hormones, cytokines, blood factors, enzyme therapy, thrombolytics, others. Neupogen, Neulasta, interferon alpha, erythropoietin alpha, interleukin and others are included in the cytokines category. tPA, streptokinase and urokinase has been included in the thrombolytics category. Syetemic enzyme therapy and digestive enzyme therapy are the two types of enzyme therapy.

On the basis of the disease condition, the market has been segmented into cancer, diabetes, autoimmune disorder, infectious disease, hematopoiesis, CVD, neurodegenerative and others. The cancer segment accounted for a major share of the market in 2016. However, the infectious disease segment is anticipated to record a rapid growth rate during the forecast period. Rising mortality due to cancer has led to an increase in focus for the development of effective innovative drugs and products to combat the situation. Cancer-related deaths globally per year is almost 7 million people and the number is projected to reach 16 million by 2020. Thus, cancer is considered a highly prosperous disease condition by pharmaceutical giants. The engagement of bioengineered proteins drugs with cell membrane receptors is one of the additional factor contributing for major share in this segment. Further, the novel possibilities ensuring the maximum efficacy and minimal side effects offered by endocytosis has led the demand for the target specifics bioengineered proteins drug in this segment. However, the infectious disease segment is anticipated to expand at a high CAGR during the forecast period owing to high demand (especially developing nations) and rise in development of vaccines.

By end-user market is categorized into pharma and biotech companies, CROs and research institutes. The pharmaceutical companies and biotechnological companies segment held major share of the global bioengineered proteins drugs market in 2016. However, the contract research organizations segment is anticipated to expand at a high CAGR during the forecast period. Most companies prefer in-house production in case of exclusive drugs or when the production is limited to a specific geography. An increase in sales has been observed in pharmaceutical companies and biotechnological companies during the recent year but there is considerable drop in profit margins. This is due to increasing price, cost pressure, regulatory changes, and patient expiry. Despite the rise in research and development cost, the decrease in the number of new products is a growing issue for pharmaceutical companies and biotechnological companies, which is driving the market growth of contract research organizations.

Major players operating in the global bioengineered protein drugs market includes Abbott Laboratories, Amgen, Inc., Bayer AG, Biocon Ltd., Dr. Reddy’s Laboratories Ltd., Eli Lilly and Company, F. Hoffmann-La Roche Ltd, Fresenius Kabi, GlaxoSmithKline plc, Johnson & Johnson (Janssen), Merck & Co., Inc., Novartis AG, Panacea Biotec, ProBioGen AG, Reliance Life Sciences Pvt. Ltd. and Sanofi.

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Name: Rohit Bhisey
Organization: Transparency Market Research

ReleaseID: 8088

Smart Lighting is a Lucrative Investment Area for Players in Global Energy Efficient Lighting Market, reports TMR

The top three players in the global energy-efficient warehouse lighting market, namely Philips Lighting Holding B.V., Eaton, and General Electric Company, accounted for nearly 83% of the overall market in 2015, with Philips and Eaton holding an almost similar percentage of shares. Despite this, the presence of numerous small-sized local players, especially in China, has been giving large, international vendors stiff competition, Transparency Market Research (TMR) has found.

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“Smart lighting technology has emerged as a leading opportunity for companies in the energy-efficient warehouse lighting market,” the author of the study states. Smart lighting has the ability to reduce overall energy consumption, which is making it an attractive investment for warehouse owners. As end users become informed about the benefits of automated smart lighting systems, together with modern CFL, LED, and OLED lamps, their sales are expected to rise.

Increased R&D activities and partnerships for the development of advanced and energy-efficient lighting systems is also a key strategy adopted by several players. A case in point would be Philips. In February 2016, Koninklijke Philips N.V. separated its lighting business to establish Philips Lighting Holding B.V. This has allowed the company to sharpen its strategic focus toward its core competent business. Later in June 2016, this new business joined hands with Netherlands-based Dummen Orange to conduct R&D activities in the LED segment.

Government Mandates Support Use of Energy-efficient Warehouse Lighting

“The demand for energy-efficient warehouse lighting has received significant impetus from companies looking to reduce their energy consumption in warehouses,” a TMR analyst states. Compared to traditional incandescent lighting systems, advanced and smart lighting solutions such as LED and CFL help companies conserve energy and save on costs. The demand for energy-efficient warehouse lighting has risen with their growing usage in refrigeration, lighting, cooling and ventilation, material handling, and others applications in warehouses.

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The energy-efficient warehouse lighting market has also been supported by favorable government regulations around the world. For instance, the U.S. government has banned the use of incandescent lighting in warehouse spaces. It has also provided vendors utility rebates, thereby boosting the use of energy-efficient lighting solutions. Several European countries have implemented Energy Performance Certificates, which require commercial spaces to adhere to energy-efficient processes and requirements.

In contrast, high initial investments and undefined technology issues discourage numerous companies from making the switch to energy-efficient warehouse lighting.

Demand for LFLs to Decline as LEDs Gain Prominence

“The global market for energy-efficient warehouse lighting will witness impressive growth in the coming years,” the TMR analyst predicts. Registering a strong CAGR of 13.4% from 2016 to 2024, the opportunity in the market is projected to be worth over US$15 bn by the end of the forecast period, rising from US$4.2 bn in 2014.

Asia Pacific has led the energy-efficient warehouse lighting market at the start of the forecast period and will continue its streak through 2024, accounting for a share of over 45% in terms of revenue. By lighting source, linear fluorescent lamps (LFLs) led the overall market in 2014. However, owing to the increasing popularity of and demand for light emitting diodes (LED), the dominance of LFLs is anticipated to be toppled by LEDs.

This review is based on the findings of a TMR report titled “Energy Efficient Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”

Energy Efficient Lighting Market: By Lighting Source

High-intensity Discharge Lamps (HID)
Linear Fluorescent Lamps (LFL)
Light Emitting Diodes (LED)
Other Lighting Sources
Energy Efficient Lighting Market: By Region

North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany

Rest of Europe
Asia Pacific
China
Australia
India

Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
U.A.E.
South Africa

Rest of Middle East and Africa
Latin America
Brazil
Argentina
Rest of Latin America

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Name: Rohit Bhisey
Organization: Transparency Market Research
Website: http://www.transparencymarketresearch.com/energy-efficient-lighting-market.html

ReleaseID: 8091

Ophthalmic Drugs Market Expected to Reach USD 34.3 Billion Globally by 2025; Players Entering into Co-development Agreements to Enhance Product Portfolio

Global ophthalmic drugs market is experiencing unprecedented dynamics as major market players are laying strong base for their R&D innovations though co-development agreements to innovate novel biological agents with reduced treatment durations, emerging market players are more focused to address the unmet medical needs in the ophthalmology space, and the generic manufacturers are widening their distribution networks of cost-effective drugs in rural areas of developing regions where the highest share of visually challenged population lives. All of these factors are anticipated to result in increased treatment penetration and compliance, thereby boosting the growth of the global ophthalmic drugs market.

The global Market for Ophthalmic Drugs was valued at USD 24.4 billion in 2016 and is estimated to reach USD 34.3 billion by 2025 at a CAGR of 4.0% from 2017 to 2025.

Geographically, the ophthalmic drugs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the largest share of the global market for ophthalmic drugs in 2016, which is attributed to persistent rise in visually impaired population in the region, directly impacting the rising adoption of newly developed therapeutics in ophthalmology in the region. The region is expected to continue to dominate the market in the forecast period due to the increase in prevalence of ocular diseases. The market is witnessing significant transformations due to changing Medicare policies in the U.S., higher pricing of branded specialty drugs, and the rising patient pool for eye diseases. Among the disease indication segment, retinal disorders are expected dominate the market and among the therapeutic class segment, the anti-VEGF agents are expected to grow at a higher CAGR during the forecast period of 2017-2025.

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Europe is considered as the second largest market for ophthalmic drugs in 2016. Large number of major key players are actively involved in development of the existing ophthalmic drugs, due to increase in demand for the treatment of eye diseases such as glaucoma, cataract, and diabetic retinopathy. Also, the new drug approvals by the European Union for the treatment of eye disorders boosts the growth of the ophthalmic drugs market in Europe. According to the Ophthalmology Times magazine, glaucoma commonly leads to uveitis, occurring in about 20% of patients suffering from glaucoma and as a result it is anticipated to propel growth of the Europe ophthalmic drugs market.

The ophthalmic drugs market in Asia Pacific is anticipated to expand at the considerable growth rate during the forecast period. Several ophthalmology companies in order to expand their business operations are exploring new markets, especially in the Asia Pacific region, to increase their revenue and market share. China, India, and Malaysia are some of the lucrative markets in these regions and offer immense growth opportunities. Large consumer base coupled with rising health care expenditure and a paradigm shift observed in patients’ inclination toward improved health care facilities offers tremendous growth prospects in emerging countries such as China and India, driving the ophthalmic drugs market in the Asia Pacific region during the forecast period.

The Latin America, and the Middle East & Africa are relatively smaller markets. There is an increasing incidence of age related macular degeneration, and diabetic retinopathy, in Latin American countries such as Brazil and Mexico, owing to rising prevalence of diabetic population, and ageing population. In the Latin America ophthalmic drugs market, Brazil is expected to grow at highest CAGR. Various pharmaceutical companies are entering the lucrative Latin America market, owing to growing patient pool of eye diseases, and favorable government policies, in the region, which is expected to drive the growth of the ophthalmic drugs market in the region, during the forecast period.

The major players in the Ophthalmic drugs market are – Santen Pharmaceutical Co., Ltd., Novartis AG, Regeneron Pharmaceuticals, Inc., Valeant Pharmaceuticals International, Inc., ALLERGAN, Pfizer Inc., Genentech, Inc. (F. Hoffmann-La Roche Ltd.), Shire, Bayer AG, Aerie Pharmaceuticals, Inc., and others.

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Name: Rohit Bhisey
Organization: Transparency Market Research

ReleaseID: 8087