A Market Place Research – Page 2381

Keystroke Dynamics Market: Industry Value is Projected to Reach $754.86 Million by 2025, at CAGR of 24.7%

Surge in need for advanced security measures for the Internet of Things (IoT) implementation would provide lucrative opportunities for the market players. The surge in a number of fraudulent activities in digital transactions across the world and increase in adoption of multi-modular biometrics facilitate the growth in the market.

Key industry players such as – KeyTrak Inc., Delfigo Security, ID Control, SERBAN Biometrics, Authenware Corporation, BehavioSec Inc., TypingDNA, DeepNet Security, Intensity Analytics, and Daon Inc.

The global keystroke dynamics market contributed $129.8 million in 2017 and is estimated to garner $754.9 million by 2025, registering a CAGR of 24.7% from 2018 to 2025.

North America accounted for the largest share in 2017, accounting for nearly two-fifths of the total share in 2017. This region is expected to maintain its largest market share by 2025. This is due to surge in demand for security and verification due to increase in cyber attacks and data breaches along with an increase in adoption of multimodal biometrics in large organizations, government databases, and defense sector to protect confidential data.

The software segment accounted for the largest market share in terms of revenue in 2017, accounting for nearly three-fourths of the total share. It is expected to maintain its dominating position by 2025, owing to an increase in demand for multimodal biometrics along with benefits including accuracy in real-time detection. However, the service segment would grow at the largest CAGR of 27.6% during the forecast period, owing to surge in need for release of security updates along with maintenance services required for the existing infrastructure.

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The BFSI segment contributed the highest market share in 2017, accounting for nearly two-fifths of the total market share, owing to surge in implementation of multimodal biometrics in different applications including fingerprints, facial recognition, and keystrokes for prevention of unauthorized access to protect the sensitive data.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

About Us:

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.

Embedded Analytics Market | Business-Opportunities and Growing Rapidly with Significant Trends by 2023

Rising demand for standalone self-service analytics tools and real-time visualization tools in business applications create new opportunities in the coming years. Rise in adoption of integrated analytics into various business applications and surge in the importance of big data and IoT among organizations drive the growth of the global embedded analytics market.

Key industry players – Birst, Inc., Information Builders., Microsoft Corporation, Opentext Corporation, SAP SE, International Business Machines Corporation, Logi Analytics, Microstrategy Inc., Qlik Technologies, and Tibco (The Information Bus Company) Software Inc.

The global embedded analytics market generated $25.13 billion in 2016, and is estimated to reach $60.28 billion by 2023, registering a CAGR of 13.6% from 2017 to 2023.

The report offers a detailed segmentation of the global embedded analytics market based on deployment model, business application, analytics tool, industry vertical, and region.

Based on region, North America contributed the highest share of the total market share in 2018, and will maintain its dominance throughout the forecast period. In addition, the report also analyzes regions such as Europe, Asia-Pacific, and LAMEA from 2020 to 2027.

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Based on deployment model, the cloud-based deployment model segment contributed to the largest share in 2016, and is estimated to maintain its dominant position during the forecast period. In addition, this segment is expected to register the highest CAGR of 14.2% from 2016 to 2023. The report also analyzes the on-premise deployment model segment.

Based on business application, the sales & marketing segment accounted for the largest share in 2016, and is expected to maintain the largest share throughout the forecast period. In addition, this segment is expected to register the highest CAGR of 13.1% from 2016 to 2023. The report also analyzes the finance segment during the forecast period.

Covid-19 scenario:

The software tools based on embedded analytics help government to provide relevant information about Covid-19.
The embedded analytical tools help users to work smarter and more efficiently during work from home.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Internet of Vehicle Market: Research Analysis, Strategies, Business Plan, & Revenue

Internet of vehicles (IoV) involves use of hardware and software automation, and incorporation of technology in all kind of vehicles. In 2017, the vehicle-to-infrastructure segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure. North America was the highest revenue contributor to the internet of vehicle market in 2017, accounting for around 43% share, owing to surge in demand for mobility for automation and increase in safety and security concerns.

The global internet of vehicle market was valued at $66,075 million in 2017, and is projected to reach $208,107 million by 2024, growing at a CAGR of 18.00% from 2018 to 2024.

Factors such as rising internet penetration, growth associated with connected devices, increase in presence of automation solutions in automotive industry, introduction of Logistics4.0, and others are expected to drive the demand for internet of vehicle market. Further, increased market for automotive industry among developing economies of Asia-Pacific and LAMEA is anticipated to offer lucrative opportunities for the internet of vehicle market during the forecast period.

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Major industry players such as – vehicle market include Ford Motor Co., Texas Instruments Inc., Audi AG, Intel Corporation, SAP, NXP semiconductors, Apple Inc., Google Inc., IBM Corporation, and Cisco Systems Inc.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Big Data Analytics in Semiconductor & Electronics Market in EMEA : $5,756.5 million by 2027, at 7.9% of CAGR

Increase in demand for cloud-based big data analytics software among enterprises positively impacts the growth of the EMEA big data analytics in semiconductor & electronics market. high implementation cost and dearth of skilled workforce are expected to hamper the market growth. Conversely, increase in adoption of IoT devices coupled with the ongoing Industry 4.0 trend, use of big data analytics for semiconductor manufacturing, increase in need to gain better insights for business planning, and surge in adoption of social media analytics tools are expected to offer remunerative opportunities for the expansion of the market during the forecast period.

Key industry players – Amazon Web Services, Cisco systems, Inc., Dell EMC, International Business Machines Corporation, KX Systems, Inc., Microsoft Corporation, SAP SE, SAS Institute Inc., Splunk Inc., and TIBCO Software Inc.

The big data analytics in semiconductor & electronics market in EMEA size was valued at $3,178.0 million in 2019, and is projected to reach $5,756.5 million by 2027, growing at a CAGR of 7.9% from 2020 to 2027.

Big data analytics is a process examining large set of data to uncover useful information such as market trends, customer preference, discover hidden patterns, and various unknown facts from the data to enable organizations make informed business decisions. It uses advanced analytic techniques against large, diverse data sets, including structured, unstructured, and semi-structured data, from various sources, and in different sizes of terabytes to zettabytes. Multiple semiconductor and electronics organizations are using big data analytics to enhance their profit, increase their analytics skills, increase & manage yield, and improve the risk management capability. It helps businesses to better understand the information that is important for organizations for fault detection, predictive maintenance, wafer testing, and yield management.

On the basis of deployment model, the on-premise deployment model dominated the EMEA big data analytics in semiconductor & electronics market share in 2019, and is expected to maintain its dominance in the upcoming years, as on-premise data big data analytics software enables semiconductor and electronic manufacturing organizations to have control over security & other connectivity issues and improve the scalability, speed, reliability, and connectivity of organizations. However, the cloud-based deployment segment is expected to witness highest growth during the forecast period, as the cloud-based big data analytics solution does not involve capital cost as well as requires low maintenance, and hence can be most preferred by small- and medium-scale electronic and semiconductor companies.

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Post COVID-19, the EMEA big data analytics in semiconductor & electronics market size was valued at $3,372.7 million in 2020, and is projected to reach $5,756.5 million by 2027, growing at a CAGR of 7.9% from 2020 to 2027. The big data analytics in semiconductor & electronics market has witnessed considerable growth in past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a sudden downfall in 2020. This is attributed to implementation of lockdown by governments in majority of the countries, and the semiconductor and electronics industry has reduced the adoption of big data and business analytics along with the preplanned investments. This has affected the supply chains of several electronics & semiconductor companies. On the other hand, the industry is experiencing notable growth in the adoption of cloud computing to help consumers across semiconductor & electronics industry to combat against the pandemic. In addition, the big data analytics in semiconductor & electronics market is projected to exhibit significant growth in the upcoming years after the recovery from the COVID-19 pandemic. In addition, various organizations have initiated adopting cloud-based big data analytics to manage critical information of organizations as well in semiconductor manufacturing processes, thus creating lucrative opportunity for the market expansion during the forecast period. Furthermore, need to create meaningful insight from unused data and the need to manage this data are the key factors driving the growth of the market.

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Container and Kubernetes Security Market is Expected to Garner $8,242.0 million by 2030 – Exclusive Research Report by AMR

Surge in demand for cybersecurity across private and government sectors would open lucrative opportunities for the market players in the coming years. Increase in vulnerabilities and cyberattacks, rise in popularity of microservices, and surge in adoption of hybrid cloud technology application drive the growth of the global container and Kubernetes security market.

Major industries such as – Aqua Security, Alert Logic, Cloud Passage, Capsule8, Qualys, Nev Vector, Twist lock, Trend Micro, StackRox, and Sysdig.

The global container and Kubernetes security market was pegged at $714.0 million in 2020, and is expected to reach $8.24 billion by 2030, growing at a CAGR of 27.4% from 2021 to 2030.

The report segments the global container and Kubernetes security market on the basis of components, product, enterprises size, industry verticals, service type, and region.

The global container and Kubernetes security market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for around two-fifths of the market. However, the market across Asia-Pacific is projected to register the highest CAGR of 30.9% during the forecast period.

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Based on components, the container security platform segment held the lion’s share in 2020, accounting for more than three-fifths of the market. However, the services segment is expected to manifest the highest CAGR of 28.6% during the forecast period.

On the basis of enterprises size, the large enterprises segment dominated the market in 2020, contributing to more than two-thirds of the market. However, the small and medium enterprises segment is anticipated to showcase the highest CAGR of 28.3% from 2021 to 2030.

Covid-19 scenario:

The Covid-19 pandemic had a positive impact on the demand for the cloud-based technology for data cybersecurity. The demand for hybrid cloud technology increased during the pandemic due to rise in adoption of work from home culture.
However, the market witnessed several challenges due to lack of workforce and prolonged lockdown in several countries. Moreover, the disruption of supply chain hampered the market growth.

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At 19.5% CAGR, Battery Recycling Market Expected to Hit $66.6 Billion by 2030

According to the report published by Allied Market Research, the global battery recycling market generated $11.1 billion in 2020, and is estimated to generate $66.6 billion by 2030, witnessing a CAGR of 19.5% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenarios, and competitive landscape.

Rise in awareness toward environmental pollution due to battery disposal and high recycling rate associated with lead-acid batteries drive the growth of the global battery recycling market. However, increase in focus on lowering cost of lithium-ion battery rather than its recyclability impedes the market growth. On the contrary, surge in adoption and growth of the electric vehicles industry creates new opportunities in the coming years.

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The report offers detailed segmentation of the global battery recycling market based on chemistry, source, application, and region.

Based on chemistry, the lead-acid battery segment held the highest market share in 2020, accounting for nearly two-thirds of the total share, and is projected to maintain its leadership status during the forecast period. However, the lithium-based battery segment is estimated to grow at the fastest CAGR of 30.5% from 2021 to 2030.

Based on source, the industrial batteries segment accounted for the largest share in 2020, contributing to more than half of the global battery recycling market, and is expected to maintain its lead position during the forecast period. However, the automotive batteries segment is projected to portray the highest CAGR of 19.9% from 2021 to 2030.

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Based on region, Europe contributed to the highest share in 2020, accounting for more than one-third of the total share, and is expected to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is projected to manifest the largest CAGR of 20.2% during the forecast period.

Leading players of the global battery recycling market discussed in the research include Accurec Recycling GmbH, Redwood Materials, Inc., Retriev Technologies, EnerSys, Li-Cycle Holdings Corp., Battery Solutions, Glencore International, Umicore, AkkuSer Oy, and Duesenfeld GmbH.

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Covid-19 scenario:

During the pandemic, due to the imposed lockdown and a temporary ban on import, export, and transportation activities, the supply chain and battery demand from automotive and consumer electronics manufacturers were disrupted. This negatively affected the market growth in the second, third, and fourth quarters of 2020.
The pandemic has had a severe influence on different businesses and countries, resulting in a reduction in global manpower, which has resulted in lower consumer spending, thus lowering demand for electronics, automobiles, and other products.

Key Findings Of The Study

In 2020, the lead-acid battery segment accounted for majority of share of the global battery recycling market, and is expected to maintain its lead during the forecast period.
In 2020, the industrial batteries segment accounted for about 51.3%, and is expected to maintain its dominance till the end of the forecast period.
The transportation segment accounted for 43.8% in 2020, and is anticipated to grow at a rate of 19.3% in terms of revenue, increasing its share in the global battery recycling market.
Industrial is the fastest-growing application segment in the battery recycling market, and is expected to grow at a CAGR of 19.9%.

About us:

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 domain. 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.

Tooling Market Share, Growth Opportunities and Business Strategies By 2030

Recently, Allied Market Research published a report, titled, “Tooling Market, 2020-2030”. The global tooling market size was valued at $212,500.0 million in 2020, and is projected to reach $439,994.9 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.

The report provides an in-depth analysis of the prime driving factors, top investment pockets, top market players, and market segmentation, along with the Covid-19 impact analysis. Moreover, the report offers a thorough analysis of the prime market strategies adopted by top market players that are leading the market to help new industry entrants, shareholders, and stakeholders to formulate lucrative business strategies.

Key Market segmentation:

The report offers a detailed segmentation of the Tooling market based on type, application, end-users, and geography. The report involves a comprehensive study of every segment that aids stakeholders and industry players to understand the market dynamics and give a competitive advantage.

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The Tooling market is analyzed based on geographical penetration along with a study of market performance in every region such as across several regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The report includes a comprehensive analysis of several strategies adopted by market players to maintain their foothold in the market. The Tooling report offers a quantitative and qualitative analysis of historic and forecast periods coupled with an overview of recent market developments and business strategies. In addition, the report covers a brief market summary, future estimations, and current industry trends to help new market entrants to devise lucrative business strategies.

The Tooling market report offers a detailed overview of the industry using SWOT analysis and Porter’s Five analysis which helps business enthusiast recognize their market presence.

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Covid-19 impact analysis:

The Covid-19 pandemic significantly affected the Tooling market. The restrictions imposed by several governments and strict guidelines issued by World Health Organization (WHO) temporarily suspended several manufacturing facilities. Furthermore, the prolonged lockdown across the globe led to disruption of the supply chain and increased the prices of raw materials.

The Tooling market report includes an overview of the market, financial analysis of market players, SWOT analysis of the major organizations, portfolio analysis of services and products, and business overview. In addition, the report includes the latest market developments such as market expansion, product launches, joint ventures, and mergers & acquisitions to understand the long-term profitability of the market.

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Major Market Players:

Bharat Forge, Carlson Tool & Manufacturing Corp., Doosan Machine Tools, Godrej & Boyce Manufacturing Co. Ltd., Omega Tool Corp, Parpas S.p.A (GRUPPO PARPAS), Samvardhana Motherson Group, Unique Tool & Gauge Inc., Sandvik AB, and Yamazaki Mazak Corporation.

The competitive analysis of these organizations covers a detailed study of business overview and portfolio analysis of their services and products. These companies have adopted multiple strategies such as new product launches, partnerships, joint ventures, collaboration, and mergers & acquisitions to maintain a market position. Its study will certainly help stakeholders understand the market.

Structural Insulated Panels Market Growth, Regions, Technology, Analysis of Trends and Forecasts 2030

Recently, Allied Market Research published a report, titled, “Structural Insulated Panels Market, 2020-2030”. The global structural insulated panels market size was valued at $458.1 million in 2020, and is projected to reach $786.6 million by 2030, registering a CAGR of 5.5% from 2021 to 2030.

Key market segmentation:

The report offers a detailed segmentation of the Structural Insulated Panels market based on type, application, end-users, and geography. The report involves a comprehensive study of every segment that aids stakeholders and industry players to understand the market dynamics and give a competitive advantage.

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The Structural Insulated Panels market is analyzed based on geographical penetration along with a study of market performance in every region such as across several regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The report includes a comprehensive analysis of several strategies adopted by market players to maintain their foothold in the market. The Structural Insulated Panels report offers a quantitative and qualitative analysis of historic and forecast periods coupled with an overview of recent market developments and business strategies. In addition, the report covers a brief market summary, future estimations, and current industry trends to help new market entrants to devise lucrative business strategies.

The Structural Insulated Panels market report offers a detailed overview of the industry using SWOT analysis and Porter’s Five analysis which helps business enthusiast recognize their market presence.

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Covid-19 impact analysis:

The Covid-19 pandemic significantly affected the Structural Insulated Panels market. The restrictions imposed by several governments and strict guidelines issued by World Health Organization (WHO) temporarily suspended several manufacturing facilities. Furthermore, the prolonged lockdown across the globe led to disruption of the supply chain and increased the prices of raw materials.

The Structural Insulated Panels market report includes an overview of the market, financial analysis of market players, SWOT analysis of the major organizations, portfolio analysis of services and products, and business overview. In addition, the report includes the latest market developments such as market expansion, product launches, joint ventures, and mergers & acquisitions to understand the long-term profitability of the market.

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Major market players:

Owens Corning, PFB Corporation, Premier Building System, Rautaruukki Corporation, T. Clear Corporation, ACME Panels, American Insulated Panel, Extreme Panel Technologies, Inc., InGreen Systems, and Kingspan Group PLC.

Modularization Market Business Trends, and Progress Insight 2030 | At a CAGR of 5.7%

Recently, Allied Market Research published a report, titled, “Modularization Market, 2020-2030”. the Global modularization market size accounted for $9.5 billion in 2020, and is expected to reach $14.9 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030.

Key market segmentation:

The report offers a detailed segmentation of the Modularization market based on type, application, end-users, and geography. The report involves a comprehensive study of every segment that aids stakeholders and industry players to understand the market dynamics and give a competitive advantage.

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The Modularization market is analyzed based on geographical penetration along with a study of market performance in every region such as across several regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The report includes a comprehensive analysis of several strategies adopted by market players to maintain their foothold in the market. The Modularization report offers a quantitative and qualitative analysis of historic and forecast periods coupled with an overview of recent market developments and business strategies. In addition, the report covers a brief market summary, future estimations, and current industry trends to help new market entrants to devise lucrative business strategies.

The Modularization market report offers a detailed overview of the industry using SWOT analysis and Porter’s Five analysis which helps business enthusiast recognize their market presence.

Get detailed COVID-19 impact analysis on the Market @ https://www.alliedmarketresearch.com/request-for-customization/12754

Covid-19 impact analysis:

The Covid-19 pandemic significantly affected the Modularization market. The restrictions imposed by several governments and strict guidelines issued by World Health Organization (WHO) temporarily suspended several manufacturing facilities. Furthermore, the prolonged lockdown across the globe led to disruption of the supply chain and increased the prices of raw materials.

The Modularization market report includes an overview of the market, financial analysis of market players, SWOT analysis of the major organizations, portfolio analysis of services and products, and business overview. In addition, the report includes the latest market developments such as market expansion, product launches, joint ventures, and mergers & acquisitions to understand the long-term profitability of the market.

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Major market players:

Fluor Corporation, SHV Holdings N.V. (Mammoet), Arabian International Company for Steel Structures, Larsen & Toubro Limited (L & T Piping Center), ENKA INSAAT VE SANAYI (CIMTAS PIPE FABRICATION AND TRADING CO. LTD.), YENA ENGINEERING B.V., PROSAIC STEEL AND ALLOYS, Metal Forge India, Honeywell International Inc (Honweywell UOP), and ChelPipe Group.

Redox Flow Battery Market Business Growth and Industry Development 2020 to 2027

Allied Market Research published a report, titled, “Redox Flow Battery Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global redox flow battery industry generated $130.4 million in 2018, and is expected to garner $403.0 million by 2026, registering a CAGR of 15.2% from 2019 to 2026.

Surge in adoption of vanadium redox flow batteries for energy storage solutions and ongoing projects, investments, and developments drive the growth of the global redox flow battery market. However, increase in competition in the energy storage sector and huge consumer base for lithium-ion battery hinder the market growth. On the other hand, development of hybrid redox flow battery and potential usage in electric vehicle create new opportunities in the industry.

Based on type, the vanadium segment contributed to more than four-fifths of the total share of the global redox flow battery market in 2018, and is expected to dominate in terms of revenue throughout the forecast period. Moreover, this segment is expected to witness the highest CAGR of 15.3% from 2019 to 2026. This is attributed to its utilization in large energy storage applications such as utility facilities, UPS systems, and renewable energy integration. The research also discusses the hybrid segment.

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Based on application, the utility services segment held the highest market share of the global redox flow battery market, contributing to more than half of the total market share in 2018, and is estimated to possess dominant position by 2026. This is attributed to usage in energy storage devices for storing electricity for a longer time interval and lack of requirement of maintenance. However, the renewable energy integration segment would register the fastest CAGR of 15.7% from 2019 to 2026, owing to rise in initiatives to raise awareness regarding eco-friendly ways to generate electricity from renewable sources and 100% recyclable in nature of redox flow batteries.

Based on region, Asia-Pacific contributed to for the highest share in terms of revenue in 2018, accounting for nearly two-fifths of the global redox flow battery market, and is expected to maintain its dominant share during the forecast period. Moreover, this region is expected to portray the fastest CAGR of 15.7% from 2019 to 2026. This is attributed to the world’s largest battery project situated in China and rise in investments in R&D activities. However, North America accounted for nearly one-fifth of the total market share in 2018 and is estimated to maintain its share by 2026. This region would register a CAGR of 15.1% during the forecast period.

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Leading market players analyzed in the research include Avalon Battery Corporation, HydraRedox, Dalian Rongke Power Co., Ltd., Le System Co., Ltd., H2, Inc., StorEn Technologies Inc., redT Energy plc, Sumitomo Electric Industries, Ltd., Storion Energy, and Vionx Energy.

KEY FINDINGS OF THE STUDY

By type, the vanadium redox flow batteries emerged as a global leader by acquiring around 80% market share in 2018, and is anticipated to dominate the redox flow battery market during the forecast period.
On the basis of application, the utility services segment generated the highest revenue in 2018.
Asia-Pacific is the largest regional market for redox flow batteries, and is expected to continue this trend during the forecast period.

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. 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.