A Market Place Research – Page 1482

Power Device Analyzer Market 2022 Technologies, Applications, Strategies & Forecast 2030

Power Device Analyzer Market Top Contenders

The key players operating and profiled in the power device analyzer market report include Arbiter Systems, CARLO GAVAZZI HOLDING AG Ltd., Circutor (Spain), Delta Electronics, Dewesoft D O O, Hioki E E Corporation (Japan), Iwatsu Electric (Japan), Keysight Technologies, Rohde & Schwarz (Germany), and Texas Instruments (U.S.).

According to a new report published by Allied Market Research, the global power device analyzer market size was valued at $423.25 million in 2021 and is estimated to reach $616.79 million by 2030, growing at a CAGR of 4.3% from 2022 to 2030.

Power device analyzer markets are highly used in medical, electrical & electronics, and other industries. In addition, rapid expansion of healthcare industry across the globe may act as the major driving factor for the growth of the market.

Rise in demand for Power device analyzer market in electronic industry is expected to provide growth opportunity for the market.

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Asia-Pacific registered the highest power device analyzer market share and is projected to maintain the same during the forecast period.

On the basis of current, the below 1000A segment emerged as the global leader in 2021 and is anticipated to be the largest markets during the forecast period.

On the basis of end user, the automotive segment registered the highest market share and is projected to maintain the same during the forecast period.

On the basis of type, the both AC & DC segment emerged as the global leader in 2021 and is anticipated to be the largest markets during the forecast period.

Power analyzers can be used to measure the flow of energy in either alternating current (AC) or direct current (DC) systems – with distinct considerations for measuring AC circuits.

The determination of an electrical signal’s true RMS (root mean square) time period underlines each of the subsequent calculations performed by the measuring instrument.

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This is complicated by AC measurements, where root mean square is typically expressed as an equivalent DC value. To accurately determine the true RMS of an AC waveform, an average must be calculated across the cycle of the AC frequency. This is defined as the fundamental frequency of the circuit. Power analyzers can digitally detect frequency cycles to provide reliable RMS periods during power conversion.

Power analyzer detects the voltage and current of the system. Typical systems directly acquire individual voltages using voltage dividers, while a transformer is usually required to measure the current. This comprises a coil that measures the electrical field of a wire carrying a current, or a flux gate current transducer.

Impact of COVID-19

The COVID-19 pandemic has curtailed the movement of people and goods, across the globe, including in most of the regions in which production of power device analyzer system is on large scale. To limit the spread of COVID-19, a number of local, state, and national governments have imposed various restrictions on the conduct of business and travel, such as stay-at-home orders and quarantines that have led to a significant number of business slowdowns and closures.

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A power analyzer is used to measure the flow of power (w) in an electrical system. This refers to the rate of electrical transferal between a power source and a sink hence, the alternative expression of power is denoted as energy per second (J/s).

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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US$ 7.8 Billion | Ocean Power Market Goodness by 2031

Ocean Power Market Key Participants

The key players operating and profiled in the ocean power market report include Applied Technologies Company, Ltd., Aqua-Magnetics, Inc., Atargis Energy Corporation, Biopower Systems Pty Ltd., Blue Energy Canada, Inc., Carnegie Clean Energy Limited, Minesto AB, Nova Innovation Ltd., Ocean Power Technologies, Inc., and Ocean Renewable Power Company LLC. Other players operating in the value chain of the global ocean power market include CorPower Ocean, Aquagen Technologies, Atlantis Resources Ltd., D.E. Energy Ltd., and Marine Current Turbine Ltd.

According to a new report published by Allied Market Research, the ocean power market size was valued at $0.6 billion in 2021, and is estimated to reach $7.8 billion by 2031, growing at a CAGR of 21.4% from 2022 to 2031.

Europe is expected to grow at the fastest rate, registering a CAGR of 21.7%, throughout the forecast period.

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In 2021, Europe dominated the global ocean power market with more than 57.7% of the share, in terms of revenue.

In addition, increase in investments and R&D toward commercialization of ocean power to achieve future renewable energy targets by European Union member states is expected to augment growth of the Europe ocean power market during the forecast period.

In 2021, the wave energy segment accounted for around 46.8% in the global ocean power market, and is expected to maintain its dominance during the forecast period.

In 2021, the power generation segment accounted for 61.4%, and is anticipated to grow at a rate of 21.5%, in terms of revenue, increasing its share in the global ocean power market.

This growth is attributed to increase in investments in the renewable energy sector across the globe. In addition, increase in demand for power from the marine industry drive growth of the ocean power market trends across the globe.

Desalination is the fastest-growing application segment and is expected to grow at a CAGR of 21.3% during the forecast period.

Significant development of end-use industries such as manufacturing, aquaculture, water desalination, transportation, and power generation fuels growth of the ocean power market during the ocean power market forecast period.

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Increase in demand for clean power generation in Europe and Asia-Pacific is expected to propel growth of the market during the forecast period.

Ocean power is the form of renewable energy generated by using sea-based sources such as tidal stream, wave energy, tidal barrages, ocean thermal energy conversion, and salinity gradient energy.

Ocean power offers various key benefits such as carbon neutrality, independency on fossil fuels, less cost of power generation, wide availability, and less environmental pollution.

Applications of bioenergy include power generation, water pumping, aquaculture, fresh water production, and desalination.

Rise in awareness and regulations toward environmental pollution significantly contributes toward growth of the ocean power market.

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Flavonoid Market Size Is Likely To Reach a Valuation of Around USD 2,717.8 Million by 2030

The global flavonoid market size was valued at $1,497.7 million in 2020, and is projected to reach $2,717.8 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.

The rising consumer awareness regarding the health benefits offered by flavonoid as a supplement is anticipated to remain a major driving factor for the growth of the flavonoid market over the forecast period. Inherent benefits of the flavonoid in pharmaceutical applications to treat cancer, heart health and other chronic and cardiovascular disease has also contributed towards flavonoid market growth.

Additionally, the aging population is expected to provide lucrative opportunities for the expansion of cosmetic industry in the countries like Japan, Latin America and others. According to WHO, the population in Latin America is aging at a rapid pace. Thus, this in turn is likely to offer immense opportunity for the growth of flavonoid market from the cosmetics industry during the flavonoid forecast period in terms of value sales.

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In addition to this, consumption of flavonoid as a dietary supplement have resulted in positive outcomes, particularly in patients who are on statin medications. Thereby, the aforementioned factors are expected to drive the growth of the flavonoid market during the forecast period in terms of value sales.

The outbreak of coronavirus has positively impacted the flavonoid industry along with all stages of supply chain and value chain. Owing to the COVID-19 outbreak consumers all around the world became health conscious and in order to boost their immunity power consumers were getting more inclined towards the consumption of dietary supplements made of invasive ingredients including flavonoid which in turn has boost the demand for flavonoid from the nutraceuticals industry. This, in turn, has made a positive impact on growth of the flavonoid market.

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Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain in the market. In the recent past, many leading players opted for partnership strategies to strengthen their foothold in the market. To understand the key flavonoid market trends, strategies of leading players are analyzed in the report. Some of the key players in the flavonoid market analysis includes Archer-Daniels-Midland Company, Artemis International, BASF SE, Eevia Health, Enomark Biotech, Givaudan International SA, Indena S.p.A, Natac , Nexira, and Xi’an Yuensun Biological Technology Co., Ltd.

The global flavonoid market is segmented are categorized into product type, form application and region. By product type, it is classified into isoflavones, anthocyanin and others. By form, the market is bifurcated into powder and liquid. By application, it is divided into pharmaceuticals, nutraceuticals, food & beverages and cosmetics. Region wise, the market is analyzed across North America (the U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina and Rest of LAMEA).

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Key findings of the study

By product type, the isoflavones segment accounted for the highest flavonoid market share in 2020, growing at a significant CAGR from 2021 to 2030.
By form, the powder segment accounted for the highest flavonoid market share in 2020, growing at a CAGR of 6.0% from 2021 to 2030.
By application, the pharmaceutical segment accounted for the highest flavonoid market share in 2020, growing at a CAGR of 5.3% from 2021 to 2030.
By region, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the flavonoid market forecast period.

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Corn Syrup Market Projected To Reach Approximately USD 13.5 Billion By 2031

According to the report, the global Corn Syrup Market generated $9.8 billion in 2021, and is anticipated to generate $13.5 billion by 2031, witnessing a CAGR of 3.2% from 2022 to 2031.

Prime determinants of growth

Exponential increase in the global population, rapid urbanization, changes in food habits, and surge in demand for packaged food drive the growth of the global corn syrup market. However, increase in prevalence of diabetes and other diseases due to growing consumption of sweeteners and rise in health consciousness among consumers restrict the market growth. Moreover, rise in adoption of corn syrup solids and high fructose corn syrup (HFCS) in the pharmaceuticals industry for producing various drugs present new opportunities in the coming years.

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Leading Market Players: –

Archer Daniels Midland Company
Cargill, Incorporated
Ingredion
Roquette America, Inc.
Tate & Lyle Ingredients Americas, Inc.
Karo Syrups
COFCO Rongshi Bio-technology Co. Ltd.
Grain Processing Corporation
Global Sweetners Holdings Ltd.
Xiwang Sugar Holdings Company limited

Covid-19 Scenario

The outbreak of the Covid-19 pandemic has had a negative impact on the global corn syrup market, owing to implementation of the global lockdown.
Factors such as temporary closure of manufacturing facilities, lack of labor force, unavailability of raw materials, and disruptions in the supply chain hampered the market on the global level.

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The High Fructose Corn Syrup segment to maintain its leadership status throughout the forecast period

Based on type, the high fructose corn syrup segment held the highest market share in 2021, accounting for more than four-fifths of the global corn syrup market, and is estimated to maintain its leadership status throughout the forecast period. The demand for the HFCS is significantly high in the food & beverages industry for its several characteristics such as higher solubility and resistance to crystallization in all conditions. However, the light syrup segment is projected to manifest the highest CAGR of 4.2% from 2022 to 2031. The rising demand for the light syrup in making baked foods, jams, jellies, desserts, candies, and various other food items in the food processing industry is expected to boost the growth of the light syrup market.

The food and beverages segment to maintain its lead position during the forecast period

Based on application, the food and beverages segment accounted for the largest share in 2021, contributing to nearly 91% of the global corn syrup market, and is projected to maintain its lead position during the forecast period. Corn syrup is an inactive substance that is significantly utilized to produce the tablets and capsules, which in turn, drives the segment. However, the pharmaceuticals segment is expected to portray the largest CAGR of 4.3% from 2022 to 2031, due to production of various medications for the treatment of diseases.

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North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue 2021, accounting for nearly half of the global corn syrup market. This is attributed to huge demand for processed food, confectioneries, baked food, and ready-to-drink beverages in the U.S. However, the Asia-Pacific region is expected to witness the fastest CAGR of 4.5% from 2022 to 2031, owing to presence of huge population, rising popularity of bakery and confectionery food products, rising disposable income, and growing demand for liquid and powdered mixes beverages.

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Food Antioxidants Market To Exhibit Increased Demand In The Coming Years, 2022-2029

Antioxidants are chemicals that aid in fighting the potentially harmful effects of unstable substances known as free radicals. Free radicals are compounds formed during the bodys normal metabolic processes and through general wear and tear on body cells. Antioxidants help in destroying some of the free radicals that would harm or damage the body cells. They are used to increase the shelf-life of food items and prevent rancidity, thereby raising the demand for food items such as processed meat, packaged foods, etc., resulting in the demand for food antioxidants.

This report projects the trends and opportunities of the global food antioxidants market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period. Our research teams have used various secondary resources and directories such as industrial databases, journals, magazines, and primary resources coupled with industry oriented measures, which include industry-related expert interviews to obtain key information and valuables, which makes it an asset for players in the market.

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The global food antioxidants market is expected to witness significant demand owing to the consumption of processed food among the growing population. Moreover, owing to a rise in purchasing power coupled with longer shelf-life of food has led to growth in the demand for food antioxidants, globally. In addition, increasing awareness among consumers for healthier alternatives acts as a prominent factor that drives the market growth. The rising consumption of processed foods such as snacks, meat, and beverages among the rising middle class population in developing countries acts as a promising opportunity for the market growth. However, high costs of natural antioxidants limit the application for food manufacturers to stick to synthetic antioxidants.

The global food antioxidants markets market is segmented based on type, application, form, mode of source, and geography. By type, it is classified as natural antioxidants and synthetic antioxidants. Natural antioxidants is further segmented into vitamin E, vitamin C, carotenoids, and rosemary extracts. Synthetic antioxidants is further segmented into butylated hydroxyanisole, butylated hydroxytoluene, tert-butylhydroquinone, and propyl gallate.

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By application, the market is segmented into fats & oils, snacks & dairy, meat products, beverages, bakery & confectionery, seafood, and others (infant formula, chewing gum, and tea). By form, the market is divided into dry and liquid. By mode of source, the market is divided into fruits & vegetables, oils, nuts & seeds, spice & herbs, petroleum, and gallic acid. Geographically, the food antioxidants market is segmented by North America, Europe, Asia-Pacific, and LAMEA.

Key market players in this sector involve Archer Daniels Midland Company, E.I. Du Pont De Nemours and Company, Eastman Chemical Company, Koninklijke DSM N.V., Kemin Industries, Inc., Camlin Fine Sciences, Ltd., Frutarom, Ltd., Barentz Group, Kalsec Inc., and BASF SE

Key Benefits for Stakeholders:
o This report provides a quantitative analysis of the current trends, estimations, and dynamics through 20162023, which will assist in identifying prevailing market opportunities.
o Major countries in each region are mapped as per individual market revenue.
o The region-wise and country-wise food antioxidants market conditions have been comprehensively analyzed in the report.
o Key players of the food antioxidants market have been listed.
o This study evaluates the competitive landscape and value chain to understand the competitive environment across geographies.
o An in-depth analysis of segmentation of the food antioxidants market within the market has been provided, which will assist in prevailing market opportunities.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Wind Energy Offers A Bright Future In Coming Years

Global wind energy market size was valued at $62.1 billion in 2019, and is projected to reach $127.2 billion by 2027, growing at a CAGR of 9.3% from 2020 to 2027. Wind energy, a type of renewable energy, is used to generate electric energy from kinetic energy source. Wind turbine converts the wind energy into mechanical energy, which is further converted into electrical energy through generator. Wind energy can be generated at offshore and onshore. Onshore wind energy is associated with onshore turbines that are located on land, whereas offshore wind turbines are found in ocean or sea.

Wind energy, a type of renewable energy, is used to generate electric energy from kinetic energy. Wind turbine converts the wind energy into mechanical energy and this mechanical energy is further converted into electrical energy through generator. Wind energy can be generated at offshore and onshore. Onshore wind energy is associated with onshore turbines that are located on land, whereas offshore wind turbines are found in ocean or sea. However, due to consistent wind flow, offshore wind turbine is more efficient than onshore wind turbines.

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There are two forms of wind turbines: the horizontal-axis wind turbines (HAWTs) and vertical-axis wind turbines (VAWTs). HAWTs are the most common kind of turbine, which typically have 2 or 3 long, skinny blades that seem like associate propellor. The blades are positioned in order that they face directly into the wind. VAWTs have shorter, wider incurvate blades that gibe the beaters employed in an electrical mixer. In 2019, wind provided 1430 TWh of electricity, which was 5.3% of worldwide electrical generation, with the worldwide put in wind generation capability reaching quite 651 GW, a rise of 100% over 2018.

Trends in the market

Proliferating demand for renewable power source and growing concern from government regarding decarbonization are anticipated to drive the demand for wind energy. Power generation through floating wind turbine can significantly reduce carbon emission unlike conventional power sources. Furthermore, offshore wind turbine removes the water depth constraint while choosing site for wind power plant. Moreover, average wind speed is higher and more consistent at shore, which further improves capacity factor of wind turbine. Furthermore, wind turbines create more opportunities in the value chain, such as maintenance, repair, and installation, which can further improve economic activities, supporting job growth in ports.

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The efficiency of wind energy is higher than that of conventional fossil energy sources (coal, natural, and oil). The maximum efficiency of wind turbine can be up to 59%, whereas for fossil fuel it is 35-45%. Additionally, land-based onshore turbines are more cost-effective that fossil fuel. With robust investment in the wind energy sector and growing interest from industry players, the wind energy sector is expected to witness further reduction in energy price.

A big driver for offshore wind is the important price reductions the technology has achieved in recent years and innovations in next generation technology. The recent announcement from Siemens-Gamesa concerning the discharge of their new 14 MW offshore rotary engine epitome may be a sensible illustration of the quick technology development during this space. GE Renewable Energy and SB Energy hail signed one of the largest wind power projects in India. It is regarding installation and commission of 121 sets of its 2.7-132 wind turbines.

ETO tend to forecast that half-hour of all world electricity production can come back from wind energy by 2050, with 12-tone system from offshore wind and 18 from onshore wind. Offshore wind’s contribution can reach concerning 400 of total wind production by mid-century. Technological advancements in wind turbine structure, such as “Twisted Jacket” type with fewer nodes and components may be permanent solution against heavy storm. The inward battered guide structure provides robust and secure structure, and also reduces installation cost. Such new development will create further opportunities in the industry.

Will COVID-19 have any major impact on the wind industry?

The worldwide wind industry is dependent on imports of wind gear from a wide exhibit of nations with the degree of reliance changing by segment. China and Europe hold over 60% of worldwide crude wind material and part imports. The U.S. is dependent on imports of wind hardware from various nations. China holds over 30% and Europe holds over 25% of the U.S. crude wind material and segment imports.

The Middle East and Asia-Pacific are additionally vigorously subject to sun-powered modules and wind parts from China and other Southeast Asian nations and the interruptions in the store network have brought about enormous limit plans for inexhaustible activities on hold. Significant wind gear providers, for example, GE, Siemens, Xinjiang Goldwin, and others have confronted their manufacturing closures, bringing about gigantic build-up and delay in satisfying requests.

Exchange duties, protectionist strategy, and a crumbling climate for cross-line ventures combined with supply disturbances because of COVID-19 are expected to restrain growth of the global wind industry.

Europe accounted for the highest market growth during 2020-2027. This is attributed to rise in investments in countries such as France, the UK, and Norway. Moreover, presence of major manufacturers in countries such as France, Germany, and Norway will further propel the growth of the wind energy market in projected timeframe.
Major players have adopted acquisition, agreements, and partnership to sustain the intense market competition. Some of the key players profiled in the wind energy market report include Siemens General Electric, Enercon GmbH, Vestas Wind Systems A/S, Exelon Corporation (EXC), NextEra Energy, Inc., American Electric Power Company, Inc., Xcel Energy Inc., Avangrid, Inc., and Ameren Corporation.

Halal Cosmetics Market is Booming Across the Globe and Witness Huge Growth by Key Players to 2031

According to a new report published by Allied Market Research, titled, “Halal Cosmetics Market 2020-2031,” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The halal cosmetics market size was valued at $30,685.40 million in 2020, and is estimated to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.

The global halal cosmetics market is driven by rise in Muslim population globally and booming halal market, which has now extended its product base to meet the growing personal & beauty care needs of Muslim population. Halal certification enables Muslim population to identify the genuine products, thereby obeying the virtues of their religion, thereby fueling the growth of the global halal cosmetics market.

Halal cosmetics have a substantial application among Muslim consumers owing to the increasing demand for personal grooming and trending beauty products that adhere to religious loyalties among Muslims. In the LAMEA region, the Middle East accounts for the highest market share owing to the presence of the Muslim majority countries that strictly obey the religious commitments in their halal cosmetic products. However, Asia-Pacific is expected to exhibit the fastest growth attributed to the growing Muslim population in Muslim majority countries such as Malaysia, Singapore, and Indonesia, along with an increasing focus on personal and beauty care.

According to the global halal cosmetics market analysis, the market is divided by product type, application, distribution channel, and geographical division. By product type, it comprises personal care products, color cosmetics, and fragrances. By application, it includes hair care, skin care, face care, and beauty care. Based on the distribution channel, the market is segmented into online and offline. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

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Among the product type, fragrance segment is expected to have the highest CAGR during the halal cosmetics market forecast period, followed by color cosmetics. The color cosmetics segment is expected to account for $48,801.5 million in 2031, registering a CAGR of 15.5%. Halal color cosmetics have widespread adoption among the Muslim women population, especially in the youth. Increase in interest of the young Muslim population toward make-up trends that adhere to the religious loyalties has fueled the demand for global color cosmetic products.

Based on distribution channel, offline sales channel held the major halal cosmetics market share. Offline distribution channels include standalone stores, retail stores, supermarkets, and others wherein the products are displayed for consumers to have a first-hand look at the products that enable them to check the authenticity of the products.

The demand for halal cosmetic products in the overall halal cosmetics industry is expected to be driven by increase in purchasing power of the growing Muslim population and significant desire among young Muslim women to associate their interest in fashion and makeup with Islamic religious loyalties. These factors also provide lucrative opportunities to the multinational cosmetic companies to enter the halal cosmetics market. Countries such as Saudi Arabia, Iran, UAE, Malaysia, and Indonesia offer potential growth opportunities for halal color cosmetics products owing to the factors such as increase in young population, high disposable income, and rise in interest in fashion and makeup trends.

The report includes comprehensive analysis of the key players in the operating in the market such as:

○ Amara Cosmetics
○ Iba Halal Care
○ Halal Cosmetics Company
○ Clara International
○ Inika
○ Wardah Cosmetics
○ PHB Ethical Beauty
○ Sampure Minerals
○ One Pure
○ Mena Cosmetics
○ SaafSkinCare.

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○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Solar PV Module Development Leads To High Demand by 2031

Global solar PV module market is projected to reach $260.2 billion by 2030, growing at a CAGR of 7.4% from 2021 to 2030. A solar PV module, is an assembly of photo-voltaic cells mounted in a framework for installation. Solar panels use sunlight as a source of energy to generate direct current electricity. A collection of PV modules is called a PV panel, and a system of PV panels is called an array. Arrays of a photovoltaic system supply solar electricity to electrical equipment.

Solar photovoltaic (PV) modules play a crucial role in utilization of solar energy and reduce the dependence upon non-renewable sources. Market players have been launching new products that are developed by implementation of new technologies. These technologies have been developed by extensive research of few years and previous experience in the field. They help in developing products that improve overall efficiency and reduce water losses in greenhouses. Moreover, these products offer higher power conversion efficiency and are relatively cheaper as compared to previous versions. New materials have been utilized for the products and innovative products will continue to come in the market. Organizations and government authorities have been making strides toward achieving net-zero emissions. They collaborate with other market players and offer grants to develop the high-efficiency solar PV modules. The trends of new products and agreements would result in considerable growth of the market in the coming years.

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The development and launch of new products help market players in attracting new customers and raise their market share. Moreover, market players are committed to reduce carbon emissions, and taking necessary steps toward the objective. This leads them to launch new offerings in the market. This trend has been followed in every industry and solar PV module is no exception. Solitek, Lithuanian solar module manufacturer, launched a glass-glass monocrystalline panel that offers an output of 235W. This module is manufactured for greenhouse applications. It is named as M40 as it contains 40 cells. It provides 40% of light transmittance. This highlights that nearly 40% of its surface is transparent and allows more natural light as compared to other modules. In addition, power conversion efficiency of 12.6% can be achieved.

By technology, the global solar PV module market size is studied across thin film and crystalline silicon. The crystalline silicon segment accounted for the largest market share in 2020, owing to higher conversion efficiency. The crystalline silicon segment dominated the global market with nearly four-fifths of the total market share in 2020.

By product, the global solar PV module market is studied across monocrystalline, polycrystalline, cadmium telluride, amorphous silicon, and copper indium gallium diselenide. The monocrystalline segment accounted for the largest market share in 2020, owing to longevity, efficiency, operational cost, and embedded energy per panel. The monocrystalline segment dominated the global market with nearly half of the total market share in 2020.

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Region-wise, the global market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major solar PV module market share in 2020, and dominated the global market with more than half of the total market share in 2020.

The major players studied and profiled in the global solar PV module industry are BASF SE, Nan Ya Plastics Corporation, Exxon Mobil Corporation, Asian Paints Ltd., C-Chem Co. Ltd., I.G. Petrochemicals Ltd., Koppers Inc., Mitsubishi Gas Chemicals Co. Ltd., Polynt Spa, Stepan Company, Thirumalai Chemicals Ltd. and UPC Technology Corporation.

Key findings of the study

In 2020, Asia-Pacific dominated the global solar PV module market with around 57.5% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.7% in terms of value.
The crystalline silicon segment dominated the global market with around 78.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.7% in terms of value.
The monocrystalline segment dominated the global solar PV module market with around 49.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.8% in terms of value.
The on-grid segment dominated the global market with around 87.6% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.6% in terms of value.
The ground mounted segment dominated the global solar PV module market with around 60.0% of the share in terms of revenue.
Roof top segment is projected to grow at the highest CAGR of 7.8% in terms of value.
The utility segment dominated the global solar PV module market with around 57.6% of the share in terms of revenue.
Residential segment is projected to grow at the highest CAGR of 7.9% in terms of value.

Microgreens Market Size is projected to reach $2.2 billion by 2028, growing at a CAGR of 11.1% from 2021 to 2028

According to a new report published by Allied Market Research, titled, “Microgreens Market,” The microgreens market size was valued at $1.3 billion in 2019, and is estimated to reach $2.2 billion by 2028, growing at a CAGR of 11.1% from 2021 to 2028.

Microgreens are edible plants that are harvested in the juvenile growth stage. They have a quick crop cycle. They are ready to harvest in around 7 to 14 days, depending on the species and varieties of the microgreens. Microgreens are majorly cultivated in the indoor vertical and greenhouse farming methods as they need intense care and controlled environment. The favorable temperature for the healthy and desired growth of microgreens is 18 to 24°C and relative humidity (RH) of 40 to 60%; therefore, protected cultivation is majorly used.
Microgreens have been gaining major popularity among the health-conscious people as they contain huge among of vitamins and antioxidants, which helps reduce the risk of cardiovascular and chronic diseases. Furthermore, Microgreens Market Demandneed comparatively less resources to grow at home for daily consumption; therefore, it can be easily grown in the garden and rooftop. Rise in adoption of the protected cultivation and financial and technical support from the government to farmers for erection of protected cultivation plants are likely to support to increase the production of microgreens. Furthermore, growing use of Microgreens Market Trends in the food services industry as flavor and texture enhancement ingredient is expected to surge the demand for microgreens. Due to the COVID-19 pandemic, supply chain has been adversely affected and whole food & beverage industry is still incurring losses. Governments are frequently practicing total lockdown to limit the spread of corona virus, in which restaurants are strictly suggested to close.

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Restaurant is one of the major selling points of the microgreens. Temporarily, COVID-19 pandemic is restraining the growth of the global microgreens market during the forecast period. The microgreens market is segmented on the basis of type, farming, end user, and region. On the basis of type, the market is categorized into broccoli, cabbage, cauliflower, arugula, peas, radish, basil, carrots, and others. By farming, it is segregated into indoor vertical farming, commercial greenhouses, and other. By end user, market is segmented into retail, food service, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Germany, UK, Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
On the basis of type, the arugula segment was valued at $205.6 million in 2019, and is projected to reach $308.3 million by 2028, registering a CAGR of 9.3% from 2021 to 2028. Arugula is one of the most popular type of microgreens among the chefs and consumers. It is majorly used in the restaurants by the chefs as favoring and garnishing agent. It is rich sources of vitamins and minerals. For instance, according to the United States Department for Agriculture (USDA) Trusted Source nutrient database, a cup of arugula weighing around 20 grams contains approximately 5 calories. It contains 0.516 g of protein and 0.132 g of fat per 20 grams of arugula microgreens.

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On the basis of farming, the commercial greenhouse segment is estimated to reach $642.6 million by 2028, at a CAGR of 9.9%. Growing area under greenhouse farming and rapid adoption of the greenhouse farming for the cultivation of the high valued crops including microgreens are likely to favor the Microgreens Market Growth. Microgreens need specific temperature and humidity for its healthy growth; therefore, greenhouse is suitable farming method for the cultivation of the microgreens.

Furthermore, government is actively supporting the greenhouse farmers by providing subsidy and technical help, which is expected to increase the area under greenhouse farming. Region wise, Europe was valued at $415.5 million in 2019, and is expected to reach $640.3 million by 2028, registering a CAGR of 9.7% from 2021 to 2028. Growing start-ups who deals in production and selling of the microgreens are majorly favoring the growth of the Europe microgreens market during the forecast period. For instance, Infarm, founded in 2013, the Berlin-based startup, has developed vertical farming tech for grocery stores, restaurants, and local distribution centers to bring fresh and artisan produce much closer to the consumer is expanding to Paris.
The players operating in the microgreens industry have adopted product launch and business expansion as their key developmental strategies to expand their Microgreens Market Share, increase profitability, and remain competitive in the market. The key players profiled in this report include AeroFarms, Fresh Origins, Gotham Greens, Madar Farms, 2BFresh, The Chef’s Garden Inc., Farmbox Greens LLC, Living Earth Farm, TruLeaf Sustainable Agriculture, and Bowery Farming

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Lithium-ion Battery Market Estimated to Hit $129.3 Billion by 2027

The lithium-ion battery market size was valued $36.7 billion in 2019, and is projected to reach$129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027. Lithium-ion batteries are widely used in electronic devices such as tablets, laptops, mobile phones, PCs, and cameras due to their prolonged service life and high energy density. Among all electronic devices, smartphones, tablets, and laptop/PCs are the major segments that use lithium-ion batteries. In the current business scenario, efficiency of batteries is one of the vital features that is required for the improved sale of electronic devices across the globe. Primarily, smartphones, tablets, and laptop/PCs are witnessing higher sales, compared to other electronic gadgets, due to their improved performance coupled with low prices. Battery back-up is considered as one of the important features consumers enquire before buying any tablet, mobile phone, or laptop/PC. As Li-ion batteries provide enhanced battery life, they are majorly preferred in smartphone manufacturing, which, in turn, is expected to enhance the product demand over the coming years.

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According to Power Tech Systems, the cost of lithium-ion battery is 805.3 USD/KWh, whereas the cost of lead-acid battery is 172.6 USD/KWh. This comparison implies that the cost of lithium-ion batteries is high as compared lead acid battery. From the past five years, the prices of lithium-ion batteries have declined to about 15% per year, due to increase in production volume. However, the prices are still high compared to other conventional batteries, thereby limiting the growth of lithium-ion battery market. As a result of which the adoption rate of these batteries is slow across different applications. Thus, high price of lithium-ion batteries is restraining the current growth of the market. However, various benefits associated with lithium-ion batteries are expected to increase its adoption in the years to come.

Various components such as cathode, anode, electrolytic solution, and others (foils, binders, and separators) are covered within the scope of the report. The cathode segment was the highest contributor to the market, however, the electrolytic solution segment is predicted grow at the fastest rate during the forecast period.

The global lithium-ion battery market is segmented by end-use industry into electrical & electronics, automotive, and industrial, with others which include medical, military, and textile industries. The electrical & electronics segment was the highest contributor to the market. Electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. The automotive segment is estimated to grow with a CAGR of 19.1% in the near future.The automotive end-use segment is further segmented into cars, buses, trucks, scooters & bikes, and trains & aircrafts, cranes & forklift, mining equipment, and smart grid & renewable energy storage.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the lithium-ion battery market during the analysis period, owing to rise in demand from consumer electronics segment and increase in number of electric vehicles (EVs) in China, Japan, and India. Lithium-ion batteries are extensively used in the automotive sector in North America and Europe. However, Asia-Pacific and LAMEA regions are expected to grow rapidly, owing to surge in adoption of these batteries in smartphones, tablets, and laptops/PCs.

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Some of the key players operating in the global lithium-ion battery industry include Automotive Energy Supply Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., LG Chem Power (LGCPI), LITEC Co., Ltd., A123 Systems, LLC., Toshiba Corporation, Hitachi Chemical Co., Ltd., China BAK Battery Co. Ltd., and GS Yuasa International Ltd. among others.

Key Findings Of The Study

North Americalithium-ion battery market is projected to grow at a rapid CAGR of nearly 18.7% during the projected period.
Asia-Pacific is anticipated to dominate the global lithium-ion battery marketduring the entire forecast period.
Asia-Pacific and North America collectively accounted for around 72.8% lithium-ion battery market share in 2019, with the former constituting around 39.9% share.
Mexico and the U.S. are expected to witness considerable CAGRs of 19.9% and 18.5%, respectively, during the forecast period.

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About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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