Load Balancer Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Load Balancer Market Growth & Trends

The global load balancer market size is expected to reach USD 16.14 billion by 2030, growing at a CAGR of 15.9% from 2024 to 2030, according to a new study by Grand View Research, Inc., The growing demand for data centers, cloud-based load-balancing services, and server virtualization are major drivers likely to create significant opportunities in the market. Additionally, favourable government initiatives and increased investments in digitization are further propelling market growth. For instance, the Indian Railway Catering and Tourism Corporation (IRCTC) has experienced a notable rise in online transactions due to increased web traffic, highlighting the need for robust load balancing solutions. Key industry players are investing in network infrastructure development, which is driving the demand for efficient load balancers. Consequently, the market is expected to see substantial growth during the forecast period.

The rising usage of connected devices has driven up the demand for load balancers, significantly contributing to market growth. Increased traffic in retail spaces, fuelled by the rapid expansion of e-commerce giants like Amazon and Flipkart (Walmart), is a key factor in this trend. High-profile sales events, such as Flipkart's Big Billion Day sale, attract substantial end-user traffic, necessitating load-balancing technologies to prevent server overloads. E-commerce platforms utilize these technologies to monitor and manage network traffic effectively. Furthermore, the development of platform-based applications and the emergence of software network technologies have bolstered the market growth. For instance, Cloud Load Balancing (CLB) distributes the load among all nodes in a data center to optimize resource utilization. The adoption of these solutions presents lucrative opportunities for market growth.

The adoption of load balancing has surged due to its ability to optimize resource consumption, data delivery, and response times for organizations managing high-traffic websites, applications, or databases. Load balancing ensures that user requests are processed swiftly and accurately in high-traffic scenarios, preventing users from experiencing slow applications and resources. Beyond managing traffic and enhancing efficiency, load balancing provides the flexibility to add or remove servers as needed. This ensures high accessibility and reliability by directing requests solely to active servers. This capability is expected to significantly drive the growth of the market during the forecast period.

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Load Balancer Market Report Highlights

• The software segment is expected to witness a CAGR of 16.8% during the forecast period. The increasing adoption of cloud computingand virtualization technologies is driving the demand for flexible and scalable load-balancing solutions. As businesses migrate their applications to the cloud and embrace hybrid cloud environments, the need for software-based load balancers that can dynamically adjust to changing workloads becomes paramount.
• The support and maintenance segment is expected to garner a CAGR of 19.3% during the forecast period. Outsourcing support and maintenance to third-party providers presents an external alternative for managing IT systems and hardware comprehensively, thereby alleviating concerns about maintaining the entire IT infrastructure amidst market disruptions. These external providers often offer tailored maintenance packages that are more comprehensive and personalized, thereby stimulating growth within the segment.
• The global load balancer segment is expected to register a CAGR of 16.4% during the forecast period. The growth of the segment is driven by the growing demand from businesses seeking to distribute server resources across multiple sites, highlighting the need for efficient traffic distribution to enhance the customer experience.
• The cloud segment is expected to register a CAGR of 18.0% during the forecast period, due to the advantages offered by cloud-based deployment, such as cost efficiency, flexibility, and ease of data access, coupled with the ongoing adoption of Work from Home (WFH) policies by companies, the trend towards cloud adoption continues to gain momentum.
• The small & medium enterprise segment is anticipated to grow at a CAGR of 16.2% during the forecast period, due to the proactive embrace of digital technologies like artificial intelligence and machine learningby SMEs, there's an acceleration in the enhancement of their products and services.
• The BFSI segment is presumed to grow at a CAGR of 15.3% over the forecast period. Technological advancements in the BFSI industry, including enhancements in net banking, security, and monitoring systems, have prompted banks and other financial institutions to adopt load-balancing technology.
• The Asia Pacific regional market is expected to grow at a CAGR of 17.9% over the forecast period. The market growth can be attributed to the increasing use of network traffic monitoring by business clients in rapidly developing countries like Singapore, China, and India. These nations are experiencing significant digital transformation, leading to higher demand for efficient network management solutions.

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Load Balancer Market Segmentation

Grand View Research has segmented the global load balancer market based on component, service, type, deployment, enterprise size, end-use, and region:

Load Balancer Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Hardware
• Software
• Service

Load Balancer Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Training and Consulting
• Integration and Deployment
• Support and Maintenance

Load Balancer Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Local Load Balancer
• Global Load Balancer

Load Balancer Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud
• On-premise

Load Balancer Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Load Balancer End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• Retail
• Government
• Manufacturing
• IT & Telecom
• Healthcare
• Others

Load Balancer Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in the Load Balancer Market

• A10Networkss, Inc.
• Amazon web services, Inc.
• ARRAY NETWORKS, INC
• Cloudflare, Inc.
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• F5, Inc.
• Avi Networks
• Google LLC
• Hewlett Packard Enterprise Development LP
• Kemp Technologies
• IBM Corporation
• Microsoft Corporation
• Palo Alto Networks Inc.
• Radware

About Grand View Research

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

North America Dishwasher Market Revenue is Expected to Reach $8.72 Billion by 2030: Grand View Research Inc.

 North America Dishwasher Market Growth & Trends

The North America dishwasher market size is estimated to reach USD 8.72 billion in 2030, growing at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing launches of smart dishwashers are contributing to the rise in acceptance and adoption of dishwashers in the region. These appliances offer remote monitoring and control via smartphone apps, adding convenience. Their integration with other smart home systems, such as voice assistants and home automation platforms, allows seamless operation and coordination with other devices. This appeals to tech-savvy consumers, contributing to the growth of and demand for dishwashers in the region during the forecast period.

Moreover, with the rise of the open concept living and a focus on home design, consumers are looking for dishwashers that not only perform well but also look aesthetically pleasing. This has led to an increase in demand for built-in and integrated dishwashers that blend seamlessly with the rest of the kitchen. Manufacturers are offering a variety of colors and finish options to match the overall design of the kitchen, contributing to the growing demand for dishwashers in the region during the forecast period.

The built-in dishwashers held the higher share of the North America market in 2023 and is expected to register a considerable CAGR over the forecast period. One of the primary drivers for the built-in dishwashers is the increasing emphasis on time-saving solutions in households. In today's fast-paced world, where individuals often juggle multiple responsibilities, the convenience of having a built-in dishwasher that can efficiently handle dishwashing tasks is highly valued. Unlike portable dishwashers, built-in models are permanently installed beneath kitchen countertops, offering a streamlined and hassle-free solution for cleaning dishes without occupying valuable floor space.

Major players in the market include Whirlpool Corporation, General Electrical Company (Haier Company), Samsung Electronics Co., Ltd., LG Electronics, Miele, Frigidaire (Electrolux AB), and Robert Bosch GmbH. Manufacturers in the market are continuously investing in Research and Development (R&D) to enhance the cleaning performance of their dishwashers by incorporating innovative wash systems, advanced filtration, and targeted spray jets. Moreover, manufacturers are diversifying their product offerings to cater to different market segments and consumer needs. This includes a range of dishwasher sizes, tub types, styles (built-in and freestanding), price points, and the offering of smart dishwashers along with conventional ones to accommodate various kitchen layouts, budgets, and lifestyle preferences.

For instance, in July 2023, Bosch Home Appliances launched a major update to its dishwasher portfolio, introducing the innovative PowerControl spray arm technology in the 800 and Benchmark Series models. This new feature allows for more powerful cleaning and flexible loading options in the lower rack. The new dishwashers also come with CrystalDry for improved drying results, Home Connect for smart monitoring and control, and modern design elements. The new line is available starting at USD 549, offering consumers advanced features to simplify their kitchen experience.

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North America Dishwasher Market Report Highlights

• The Canada market is expected to grow at the fastest CAGR over the forecast period. This growth is driven by demographic and lifestyle changes, particularly. As the population ages, there is an increasing need for convenient, time-saving appliances. Older adults often prefer appliances that make daily chores easier, and dishwashers meet this demand by simplifying kitchen cleanup, driving its demand in the country during the forecast period.
• The standard size (18 inches) dishwashers held the largest share in 2023. These size dishwashers generally have a greater capacity, allowing them to handle more dishes, cookware, and utensils per load. They also tend to offer more features than compact models.
• The sales of dishwashers through the online channel are expected to grow at the fastest CAGR over the forecast period. Online channels offer unparalleled convenience, allowing consumers to browse and purchase dishwashers from the comfort of their own homes. Moreover, online channels provide access to a broader geographic reach compared to physical stores, driving the growth of dishwasher sales through this channel in the region.

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North America Dishwasher Market Segmentation

Grand View Research has segmented the North America dishwasher market based on product, size (width), tub type, price range, distribution channel, and country:

North America Dishwasher Product Outlook (Revenue, USD Million, 2018 - 2030)

• Freestanding
• Built-In

North America Dishwasher Size (Width) Outlook (Revenue, USD Million, 2018 - 2030)

• Compact (18 inches)
• Standard (24 inches)

North America Dishwasher Tub Type Outlook (Revenue, USD Million, 2018 - 2030)

• Standard Tub
• Tall Tub
• Tall & Deep Tub

North America Dishwasher Price Range Outlook (Revenue, USD Million; Volume, Thousand Units; 2018 - 2030)

• Up to USD 500
• USD 501 to USD 1,500
• USD 1,501 to USD 3,000
• Above USD 3,000

North America Dishwasher Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online
• Offline

North America Dishwasher Country Outlook (Revenue, USD Million, 2018 - 2030)

• US.
• Canada

List of Key Players in the North America Dishwasher Market

• Whirlpool Corporation
• Samsung Electronics Co. Ltd.
• Robert Bosch GmbH
• LG Electronics Inc.
• Frigidaire (Electrolux Inc.)
• Kenmore (Transform Holdco LLC)
• General Electric Company (Haier Company)
• AGA Rangemaster Limited
• Miele
• ASKO

About Grand View Research

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

Global Demand for Passive & Interconnecting Electronic Components Market to Incur Considerable Upsurge During 2024– 2030: Grand View Research Inc.

 Passive And Interconnecting Electronic Components Market Growth & Trends

The global passive and interconnecting electronic components market size is projected to reach USD 258.01 billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Electronic components play an essential role in several verticals, including IT and telecommunication, consumer electronics, automotive, aerospace and defense, and healthcare. They form an indispensable part of an electronic system and help it function automatically. Moreover, the rapidly surging demand for consumer electronic goods and household appliances such as smartphones, laptops, digital cameras, and air conditioners is expected to fuel market growth over the forthcoming years.

The rising need for enhanced data speed among consumers, businesses, and industries has enabled key telecom operators such as AT&T, Verizon, China Mobile Limited, and KT Corp. to install 5G network infrastructure in order to deliver seamless connectivity to their customers. With a significant surge in demand for telecom equipment and network devices to build 5G network infrastructure, it is anticipated to augment the adoption of passive and interconnecting electronic components during the forecast period.

The rapidly evolving technologies such as robotics and sensors-based systems for industrial applications to improve overall productivity and operational efficiencies are further estimated to augment the demand for passive and interconnecting components. Furthermore, wearables such as smartwatches, virtual reality (VR) headsets, and fitness bands are gaining popularity among consumers. Also, consumers are spending a massive amount on their health and entertainment. As a result, it has accelerated the demand for the aforementioned wearable devices among consumers.

Companies manufacturing passive and interconnecting electronic components are investing in Research and Development (R&D) to provide innovative products to their customers. For instance, in March 2023, Linx Technologies, now part of TE Connectivity, announced the launch of new surface-mount Radio Frequency (RF) switch connectors that offer high isolation between ports to enhance data accuracy. These connectors, available in SWD and SWF versions, are designed for diagnostic measurement on printed circuit boards and meet stringent industry standards, making them suitable for high-volume applications.

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Passive And Interconnecting Electronic Components Market Report Highlights

• The passive segment is expected to register the fastest CAGR. This growth is attributed to the growing number of passive components required in new devices and vehicles owing to technological advancements. According to America II Group, LLC, a U.S.-based company, the number of inductors in a 5G smartphone is expected to grow to 50-70 from around 10 in a 4G smartphone. Similarly, the average number of Multilayer Ceramic Capacitors (MLCCs) in a 5G smartphone is expected to be over 5,000, from about 550 to 900 in a 4G smartphone.
• The consumer electronics segment dominated the market in 2023; the segment’s growth is driven by the growth in the demand for consumer electronics, such as smartphones and laptops, led by rising disposable income.
• In 2023, Asia Pacific led the market, driven by the presence of major manufacturers like Murata Manufacturing Co., Ltd., TDK Corporation, and YAGEO Group.
• In April 2024, KYOCERA AVX Components Corporation announced the launch of two new series of snap-in aluminum electrolytic capacitors, the SNL and SNA Series, designed for high reliability, high voltage, and long lifetime performance. These capacitors, which are lead-free, Restriction of Hazardous Substances (RoHS) compliant, and suitable for industrial and commercial applications, offer a range of rated voltages, case sizes, and capacitance values.

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Passive And Interconnecting Electronic Components Market Segmentation

Grand View Research has segmented the global passive and interconnecting electronic components market based on component, application, and region:

Passive & Interconnecting Electronic Component Outlook (Revenue, USD Million; 2017 - 2030)

• Passive
  • Resistors
  • Capacitors
  • Inductors
  • Transformers
  • Others
• Interconnecting
  • PCB
  • Connectors/Sockets
  • Switches
  • Relays
  • Others

Passive & Interconnecting Electronic Components Application Outlook (Revenue, USD Million; 2017 - 2030)

• Consumer Electronics
  • Mobile Phones
  • Personal Computers
  • Home Appliances
  • Audio and Video Systems
  • Storage Devices
  • Others
• IT & Telecommunication
  • Telecom Equipment
  • Networking Devices
• Automotive
  • Driver Assistance Systems
  • Engine Control Systems
  • Safety Systems
  • Infotainment Systems
  • Others
• Industrial
  • Industrial Automation and Motion Control
  • Industrial Power Electronics
  • Others
• Healthcare
  • Diagnostic Imaging Systems
  • Patient Monitoring Systems
  • Surgical Instruments and Robots
  • Consumer Medical Devices
  • Others
• Others

Passive & Interconnecting Electronic Components Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players in the Passive And Interconnecting Electronic Components Market

• KYOCERA AVX Components Corporation
• Vishay Intertechnology, Inc.
• Murata Manufacturing Co., Ltd.
• TDK Corporation
• TAIYO YUDEN CO., LTD.
• TE Connectivity
• SAMSUNG ELECTRO-MECHANICS
• Hosiden Corporation
• YAGEO Group
• NICHICON CORPORATION
• Fenghua (HK) Electronics Ltd.
• ROHM CO., LTD.
• Amphenol Corporation
• Molex
• Samtec

About Grand View Research

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

Live Streaming Market Latest Innovations, Drivers and Industry Key Events 2024 – 2030: Grand View Research Inc.

 Live Streaming Market Growth & Trends

The global live streaming market size is anticipated to reach USD 345.13 million by 2030, growing at a CAGR of 23.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising popularity of Esports and video games has fueled a significant surge in live game streaming. Esports and competitive video gaming events have gained mainstream recognition and are attracting large audiences globally. Major tournaments draw millions of viewers, creating a demand for live coverage of these events. The gaming community continues to expand, including a diverse range of players across different demographics. This broad appeal has contributed to the popularity of live streaming platforms where gamers can connect, share gameplay experiences, and interact with fellow enthusiasts. Live streaming offers a highly interactive experience where viewers can engage with streamers in real-time through chat, donations, and subscriptions. This level of interaction fosters a sense of community and camaraderie among gamers, enhancing the overall viewing experience.

The growing adoption of live streaming across diverse verticals, including media, education, sports, gaming, fitness, and government sectors, is propelling the market forward with remarkable momentum. Brands are harnessing live streaming's power to forge deeper connections with consumers through real-time engagement, offering a wide array of captivating content and experiences. This trend amplifies brand visibility, fosters genuine customer interactions, and unlocks new monetization avenues. Moreover, the educational and informational potential of live streaming is being harnessed by institutions and government entities, facilitating remote learning, disseminating crucial information, and fostering civic engagement. Many live-streaming platforms integrate seamlessly with social media networks, enabling brands to extend their reach and engagement by simultaneously broadcasting live streams across multiple platforms.

Live streaming empowers brands and content creators to engage with their audiences in real time, promoting a vibrant sense of community and interactivity. Through features such as live chat and interactive polls, viewers actively participate, enhancing the overall experience. This direct engagement strengthens relationships between creators and their audience, driving greater loyalty and affinity. By embracing this interactive platform, brands can showcase authenticity and transparency, resonating more deeply with their audience. Furthermore, live streaming enables immediate feedback and adaptation, allowing creators to respond to viewer preferences and interests in real-time. Ultimately, this dynamic interaction cultivates a more immersive and personalized viewing experience, enriching the connection between creators and their audience.

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Live Streaming Market Report Highlights

• The platform segment is experiencing significant growth in 2023. Live streaming platforms are growing due to increasing demand for real-time content, advancements in technology, diverse content offerings, monetization opportunities, social interaction, influencer culture, global reach, and extensive event coverage.
• The video streaming segment is experiencing significant growth in 2023. Video streaming is experiencing growth in the live streaming industry due to escalating demand for real-time interaction, technological advancements, diverse content offerings, and the ability to monetize content for creators and viewers alike.
• The ad-supported segment has gained dominance in the market, with a significant market share in 2023. Ad-supported live streaming is growing due to its ability to offer free content to viewers while generating revenue through advertisements. It leverages the large and engaged audience base on live streaming platforms to attract advertisers seeking to reach targeted demographics in a dynamic and interactive environment.
• The gaming segment secured dominance in the market, capturing a substantial market share by 2023. Gaming is growing in the market due to the increasing popularity of esports, the rise of gaming influencers, advancements in gaming technology, and the interactive nature of live streaming platform.
• In an era where immediacy and interactivity are highly valued, live streaming satisfies the desire for real-time engagement, enabling viewers to interact with content creators at the moment through live chat, comments, and reactions.
• Live streaming offers multiple avenues for monetization, including advertising, sponsorships, subscriptions, virtual gifts, and donations, providing content creators with incentives to produce high-quality content while enabling platforms to generate revenue from their growing user base.

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Live Streaming Market Segmentation

Grand View Research has segmented the global live streaming market based on component, streaming type, revenue model, end-use, and region:

Live Streaming Component Outlook (Revenue, USD Million, 2017 - 2030)

• Platforms
• Services

Live Streaming Type Outlook (Revenue, USD Million, 2017 - 2030)

• Audio Streaming
• Video Streaming

Live Streaming Revenue Model Outlook (Revenue, USD Million, 2017 - 2030)

• Ad-Supported
• Subscription-Based
• Pay-Per-View

Live Streaming End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Gaming
• Media & Entertainment
• Education & Professional
• Sports
• News & Events
• Others

Live Streaming Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
• Middle East and Africa
  • KSA
  • UAE
  • South Africa

List of Key Companies in the Live Streaming Market

• Dacast, Inc.
• Empire Video Productions LLC
• Flux Broadcast Ltd.
• Huya Inc.
• International Business Machines Corporation
• Meta
• Pluto Inc.
• TikTok Inc.
• Twitch Interactive, Inc.
• Vimeo, Inc.

About Grand View Research

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

Energy Retrofit Systems Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Energy Retrofit Systems Market Growth & Trends

The global energy retrofit systems market size is estimated at USD 323.94 Billion in 2030 and is expected to expand at a CAGR of 7.4% from 2024 to 2030. Increasing demand for renewable energy is expected to drive the market over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions and strict regulations to decrease carbon footprint are also projected to be the key factors driving the global market.

The economic crisis following the COVID-19 pandemic has led to a significant decline in investments for new energy-efficient buildings and equipment. In commercial and residential buildings, the energy-efficient systems, such as LED retrofit lighting, HVAC retrofit, insulation & glazing retrofit of windows, and retrofit of roofing, are primarily used to have a distributed generation of electricity to reduce the operational costs.

The COVID-19-imposed lockdown, which compelled most industries around the world to halt their production, resulted in reduced investments in overall energy efficiency systems by 9% in 2020. During the pandemic, people across major economies reduced visits to workplaces by over 60% as of April 2020, which led to a decrease in the consumption of electricity in commercial buildings. For instance, as per IEA, in the U.S., the average residential electricity consumption increased by 30% in April 2020, followed by a decline in the use of electricity in commercial buildings.

The growing installation of energy systems, along with the widespread accessibility of smart devices, has formed room for new business models to arise in the electricity sector due to a rise in demand for energy across the world. The energy-related needs of consumers in the residential, commercial, and industrial sectors are increasing day by day. In the case of residential consumers, the availability of smart home devices has enabled continuous monitoring of power consumption. These factors are anticipated to drive the market during the forecast period.

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Energy Retrofit Systems Market Report Highlights

• The envelope product segment accounted for the maximum revenue share of more than 51.54% of the global market in 2022 and will expand further at a steady CAGR over the forecast period
• The non-residential application segment dominated the global market in 2022 accounting for the maximum revenue share
• Europe was the dominant regional market in 2022, in terms of revenue share due to the increased population and high demand for efficient & clean energy
• Moreover, the European region has been very active in using R&D for clean and efficient energy generation
• The availability of funding in the European Union for energy conservation and energy efficiency projects has also been one of the major factors driving the regional market growth
• Various strategic initiatives by key companies were recorded over the past few years. For instance, in May 2021, Johnson Controls announced that it selected an environmentally sustainable R-454B as the future refrigerant for HVAC equipment and air-cooled scroll chillers

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Energy Retrofit Systems Market Segmentation

Grand View Research has segmented the global energy retrofit systems market report based on product, application, and region:

Energy Retrofit Systems Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Envelope
• LED Retrofit Lighting
• HVAC Retrofit
• Appliances

Energy Retrofit Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
  • Single-family
  • Apartments / Condominiums
• Commercial
  • Food sales & service
  • Mercantile
  • Office Buildings
  • Warehouse
  • Others
• Institutional
  • Education
  • Healthcare
  • Worship Buildings

Energy Retrofit Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
    • California
    • Ohio
    • Texas
    • Vermont
    • Massachusetts
    • Michigan
    • Illinois
    • New York
    • Washington
    • Pennsylvania
    • Oregon
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • UK
  • Spain
  • Italy
  • France
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
• Central & South America
  • Brazil
  • Colombia
  • Paraguay
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt

About Grand View Research

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

Weight Loss Supplement Ingredients Market to Account for $10.29 Billion by 2030: Grand View Research Inc.

 Weight Loss Supplement Ingredients Market Growth & Trends 

The global weight loss supplement ingredients market size is expected to reach USD 10.29 billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing prevalence of obesity worldwide is a major driver for the market. As more people struggle with overweight and obesity issues, there is a corresponding increase in the demand for weight loss supplements and ingredients that can aid in achieving weight loss goals.

One of the key drivers of growth in the market is the growing awareness of the importance of health and wellness. Individuals worldwide increasingly becoming aware of the importance of maintaining a healthy weight. This awareness has led to increased consumer spending on products that promise weight management benefits, including weight loss supplements. The heightened consciousness about personal health drives the demand for weight loss supplements and their ingredients.

Moreover, there is a growing preference among consumers for natural and organic ingredients in weight loss supplements. As people become more conscious of what they consume, they seek products that are perceived as healthier and more sustainable, driving the market towards natural ingredient formulations.

Additionally, the widespread use of digital marketing strategies and the availability of weight loss supplements through e-commerce platforms have expanded the reach of these products to a larger audience. Consumers can easily access information about different supplement ingredients, compare ingredients in the products, and make purchases online, contributing to market growth.

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Weight Loss Supplement Ingredients Market Report Highlights

• Natural weight loss supplement ingredients held a share of 80.3% in 2023, owing to consumers becoming increasingly health-conscious and seeking natural and organic ingredients in their weight loss supplements due to concerns about synthetic additives and potential side effects.Ongoing research into the efficacy of natural ingredients for weight loss is also contributing to the expansion of the market as more evidence supports their effectiveness.
• Synthetic weight loss supplement ingredients segment is expected to witness a CAGR of 5.1% from 2024 to 2030 due to advances in technology that are enabling the development of innovative synthetic formulations that target specific aspects of weight management such as appetite suppression, fat burning, and metabolism-boosting.
• The market for capsules/tablets supplements held a significant share in 2023 as there is a rise in effective weight loss capsules and tablets with scientifically-backed ingredients attracting a broader consumer base, including individuals who may have been skeptical of traditional supplements or pharmaceuticals.
• The market for gummy supplements is expected to witness a notable growth in CAGR from 2024 to 2030. A significant factor driving the growth is the rise in manufacturers' innovations, and the introduction of new formulations that include weight-loss ingredients such as green tea extract, garcinia cambogia, or conjugated linoleic acid (CLA)
• The market for fat burners held a notable market share in 2023 owing to rising consumer interest due to aggressive marketing campaigns promoting their benefits.
• The appetite suppressant market for weight loss supplement ingredients is anticipated to grow with a notable CAGR from 2024 to 2030 due to the rising development of innovative formulations and advanced delivery systems.
• In 2023, the market in North America captured a significant revenue share in 2023. The rising prevalence of obesity in the region has led to a growing demand for weight loss products, including synthetic supplement ingredients.
• Asia Pacific weight loss supplement ingredient is expected to grow with a notable CAGR during 2024 to 2030. Increasing awareness about health and wellness, coupled with a desire to achieve fitness goals, is boosting the consumption of weight loss supplements containing synthetic ingredients in the region.

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Weight Loss Supplement Ingredients Market

Grand View Research has segmented the global weight loss supplement ingredients market report based on ingredient, form, ingredient-form, application, and region:

Weight Loss Supplement Ingredient Outlook (Revenue, USD Million, 2018 - 2030)

• Natural Ingredients
  • Green Tea Extract
  • African Mango
  • Conjugated Linoleic Acid (CLA)
  • Green Coffee Bean Extract
  • Chitosan
  • Probiotics
  • Hoodia
  • Raspberry Ketone
  • Berberine
  • Capsaicin
  • Glucomannan
  • Others
• Synthetic Ingredients
  • Caffein Anhydrous
  • Ephedrine
  • Chromium Picolinate
  • Others

Weight Loss Supplement Ingredients Form Outlook (Revenue, USD Million, 2018 - 2030)

• Capsules/Tablets
• Powder
• Liquid
• Soft gels
• Gummies
• Others
• Others

Weight Loss Supplement Ingredients Application Outlook (Revenue, USD Million, 2018 - 2030)

• Fat Burners
• Appetite Suppressants
• Metabolism Boosters
• Meal Replacement
• Others

Weight Loss Supplement Ingredients Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in the Weight Loss Supplement Ingredients Market

• Archer Daniels Midland
• Kerry Inc
• Cargill Inc
• Lonza Group Ltd.
• BASF SE
• IFF
• DSM
• Glanbia PLC
• Lallemand Inc
• Hansen Holding AS

About Grand View Research

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

Surgical Planning Software Market Estimated To Flourish By 2030: Grand View Research Inc.

 Surgical Planning Software Market Growth & Trends

The global surgical planning software market size is estimated at USD 167.8 million in 2030 and is estimated to expand at a CAGR of 6.6% from 2024 to 2030. Technological development in the healthcare sector, growing demand for immediate access to medical care, and increasing global geriatric population are the factors driving the growth of the market. Planning and visualizing the surgery is an important aspect of the care provided to the patients considering the specific anatomy of the individual, to perform surgery and expect the outcome. The steps taken before entering the operation rooms can tremendously impact the surgery time, anticipating anomalies, decreasing invasiveness, and eventually patient satisfaction. Furthermore, surgical planning technology simplifies the analysis of complicated anatomy and speeds up disease interpretation.

The COVID-19 outbreak caused disruption of routine healthcare leading to a decrease in hospital attendance, rescheduling of surgical services, and postponement of cancer screening programs. The first wave of the COVID-19 pandemic had a major impact on surgical care globally. The drop in the number of beds and the operation room capacity has led to considerable delays in critical and semi-elective surgical treatments. As per the article from the Annals of Surgery, the pandemic has led to the interruption in the delivery of surgical services, with an approximate cancellation of around 28 million elective surgeries globally during the first wave of COVID-19 in addition to the cancellation of diagnostic and interventional pathways.

The key companies in the market are attempting to enhance their product portfolio by upgrading their products, employing significant cooperative efforts, and considering acquisitions and government permissions in order to increase their client base and capture a larger share of the market. For instance, In February 2022, 3D Systems announced an agreement to acquire Kumovis, a Munich, Germany-based manufacturing solutions provider for customized healthcare applications. The acquisition will help 3D Systems to add an exclusive extrusion technology to its vast polymer printing healthcare portfolio, permitting the company to expand its potential market for customized healthcare products and applications.

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Surgical Planning Software Market Report Highlights

• Based on deployment, the cloud-based segment accounted for the largest market share of 64.5% in 2021 as it is secure, care-setting-agnostic, and can efficiently manage large datasets.
• Based on application, the orthopedic surgery segment dominated the market with a revenue share of 41.5% in 2022 owing to the rising prevalence of orthopedic diseases
• Based on end-use, the hospitals segment dominated the market with a revenue share of around 54% in 2022 and is likely to grow at the fastest growth rate from 2023 to 2030. Hospitals rely on efficient surgical planning software to increase operational efficiency, automate patient communication, and deliver consistent and transparent surgical planning for patients
• In 2022, North America accounted for the largest revenue share of nearly 42.3% in 2022, pertaining to the favorable reimbursement structure and the availability of telemedicine services. Asia Pacific is anticipated to witness the fastest CAGR of 6.9% over the forecast period due to the growing elderly population and increased development in the healthcare infrastructure driving the market expansion in the region

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Surgical Planning Software Market Segmentation

Grand View Research has segmented the global surgical planning software market report based on delivery, application, end use, and region. 

Surgical Planning Software Delivery Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud-based
• On-premises

Surgical Planning Software Application Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedic Surgery
• Neurosurgery
• Dental and Orthodontics
• Others (cardiology, gastroenterology, gynecology)

Surgical Planning Software End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics

Surgical Planning Software Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in the Surgical Planning Software Market

• Stryker
• Zimmer Biomet.
• Medtronic
• Materialise
• Brainlab AG
• 3D Systems Inc.
• mediCAD Hectec GmbH
• DePuy Synthes (Johnson & Johnson Medical Devices Companies)
• CANON MEDICAL SYSTEMS USA, INC.
• General Electric Company
• Renishaw Plc.

About Grand View Research

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

Mobile Identity Management Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Mobile Identity Management Market Growth & Trends

The global mobile identity management market size is expected to reach USD 16.97 billion by 2030 and grow at a CAGR of 26.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Mobile Identity Management (MIM) solutions are becoming increasingly important as more employees use mobile devices to access company data and applications. With the advent of mobile workforces and Bring Your Own Device (BYOD) regulations, MIM solutions provide organizations with a secure and practical approach to managing user identities and accessing company resources on mobile devices. The increased adoption of mobile devices and the necessity for safe access to corporate resources from these devices are projected to drive demand for MIM solutions. Furthermore, as more organizations migrate to cloud-based services, MIM solutions will safeguard access to such services.

With the proliferation of smartphones and tablets, the need to protect user identities and ensure secure access to services and data has become paramount. This market encompasses a range of solutions such as biometric authentication, mobile single sign-on, mobile device management (MDM), and mobile application management (MAM), catering to diverse industry verticals, including finance, healthcare, government, and more. As businesses and consumers increasingly rely on mobile devices for various tasks, the mobile identity management market continues to grow to meet the evolving security needs.

Mobile identity management solutions often include robust authentication and verification mechanisms to ensure that only authorized users gain access to sensitive information and applications. This can involve various methods such as passwords, PINs, biometric authentication (e.g., fingerprint, facial recognition, iris scanning), and multifactor authentication (combining two or more authentication factors for added security). Security threats, complexity, device fragmentation, user privacy concerns, and regulatory requirements are some of the difficulties organizations encounter while implementing MIM systems. MIM solutions can be challenging to deploy and manage when connected with other systems like identity and access management (IAM) and mobile device management (MDM).

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Mobile Identity Management Market Report Highlights

• The services segment is anticipated to observe a CAGR of 27.6% during the forecast period. The need for mobile identity management services is projected to rise owing to the growing demand among enterprises to manage the complexity of resources accessing mobile devices.
• The cloud segment is anticipated to observe a CAGR of 28.1% during the forecast period. Cloud-based MIM solutions offer organizations a secure and flexible way to manage and secure essential data. With the growing benefits among enterprises for adopting cloud-based solutions, such as improved scalability, cost-effectiveness, and accessibility, they are likely to turn to cloud-based MIM solutions to manage their mobile content, boosting the market growth.
• Small and medium-sized enterprises (SMEs) are anticipated to observe a CAGR of 27.4% during the forecast period. As mobile identity management influences small and medium-sized businesses (SMEs) to adopt secured identity management solutions, due to the growing importance of secured mobile devices, the SMEs surge to grow over the forecast period.
• The retail segment is anticipated to observe a CAGR of 31.1% during the forecast period. The growing demand among retailers to adopt MIM solutions for digital transformationand users’ & vendors’ data accessibility is fueling the demand for the market.
• Asia Pacific region is expected to grow at the fastest CAGR of 29.1% from 2024 to 2030, owing to the increasing adoption of mobile technologies and the growing digitalization of businesses in the region. Countries such as China, India, Japan, and South Korea have implemented privacy legislation and data protection that force enterprises to build robust identity and access management solutions.

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Mobile Identity Management Market Segmentation

Grand View Research has segmented the global mobile identity management market based on solution, professional services, deployment, enterprise size, End use, and region:

Mobile Identity Management Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Software
• Services
  • Professional Services
  • Managed Services

Mobile Identity Management Professional Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Consulting
• Integration
• Support And Maintenance

Mobile Identity Management Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud-based
• On-premises

Mobile Identity Management Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small And Medium Enterprise
• Large Enterprise

Mobile Identity Management End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• IT and Telecom
• Retail
• Healthcare
• Transportation and Logistics
• Manufacturing
• Government
• Others

Mobile Identity Management Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in the Mobile Identity Management Market

• SOTI
• AppTec360
• Baramundi
• Broadcom, Inc.
• Oracle
• Okta
• Google
• IBM
• Ivanti
• Kaspersky Labs
• ManageEngine
• Micro Focus
• Microsoft Corporation
• SAP SE
• VMware

About Grand View Research

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

Veterinary Molecular Diagnostics Market Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Veterinary Molecular Diagnostics Market Growth & Trends

The global veterinary molecular diagnostics market size is expected to reach USD 2.23 billion by 2030, registering a CAGR of 10.5 % from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by growing animal population and ownership rates, increased expenditure on animals, an increasing focus on preventative animal healthcare, and advances in veterinary molecular diagnostic testing, and growing R&D investment in animal health diagnostics to launch innovative products. For instance, in March 2023, Biotangents launched its AmpliSpec LAB BVDV, a new molecular diagnostic assay to detect Bovine Viral Diarrhoea Virus (BVDV) in cattle. The assay utilizes isothermal amplification for cost-effectiveness and shows 99.7% accuracy, which can be used to combat BVD effectively.

Furthermore, the veterinary molecular diagnostics market has grown significantly due to the rising pet population and the increasing need for accurate diagnostic tools. Pets are commonly found in homes everywhere, including in the UK. According to the article published by Pet Keen in 2024 stated that the pet population in the UK was estimated to be 12.5 million dogs & 12.2 million cats in 2021. As more households adopt companions into their homes, there's an increased demand for efficient and accessible healthcare solutions. This increase in pet ownership has directly contributed to the demand for advanced veterinary diagnostics, including molecular diagnostics tests. These tests are crucial for detecting infectious diseases, genetic disorders, and other health conditions in pets more effectively than traditional methods. As a result, the veterinary molecular diagnostics market is expanding rapidly to meet these growing demands, with innovations in PCR (Polymerase Chain Reaction), ELISA (Enzyme-Linked Immunosorbent Assay), and other molecular techniques playing a pivotal role in improving diagnostic accuracy and treatment outcomes for animals.

PCR-based veterinary diagnostic tests offer the advantages of faster results, increased sensitivity & specificity, cost-effectiveness, and the ability to perform point-of-care testing, contributing to their growing demand in the market. Some key players in the market are offering PCR-based diagnostic test kits like IDEXX RealPCR tests, Qiagen VetMAX PCR Kits, and BioChek PCR Kits. Furthermore, ongoing investments in research & development aimed at enhancing the capabilities of PCR-based diagnostic tests, such as multiplex PCR assays for simultaneous detection of multiple pathogens, and growing product launches are driving market growth by addressing the evolving needs of the veterinary sector. For instance, in September 2022, HORIBA UK Veterinary introduced a new test for detecting Encephalitozoon cuniculi (E. cuniculi) as part of its in-house PCR product line for the POCKIT Central analyzer. This addition significantly broadened the array of available tests to almost 200, encompassing viruses, bacteria, parasites, & protozoa related to companion animals and farm species.

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Veterinary Molecular Diagnostics Market Report Highlights

• Based on product, the test kits & reagents segment dominated the market with a revenue share of over 47% in 2023. However, the instruments segment is expected to grow at the fastest CAGR of 10.7% from 2024 to 2030 due to an increase in technological advancements in veterinary molecular diagnostic test kits.
• Based on animal type, the companion animals segment attributed to the largest revenue share in 2023 and is projected to grow at the fastest CAGR from 2024 to 2030 owing to a surge in pet population and high pet spending.
• Based on technology, the PCR segment accounted for the highest revenue share in 2023. DNA sequencing is projected to grow at the fastest CAGR from 2024 to 2030. PCR test kits are available for the detection of various veterinary pathogens and conditions, such as infectious diseases in companion animals (e.g., canine parvovirus & feline leukemia virus) and livestock (e.g., bovine viral diarrhea virus & avian influenza virus).
• Based on application, the infectious diseases segment held the highest revenue share in 2023 due to growing government initiatives to implement preventive healthcare programs to reduce the spread of infectious disease outbreaks in animals. On the other hand, the genetics segment is estimated to grow at the fastest CAGR from 2024 to 2030 due to growing awareness about genetic diseases in pets.
• Based on End use, veterinary hospitals& clinics segment held the highest revenue share of the market in 2023 owing to the increasing demand for diagnostics and readily accessible advanced molecular diagnostic technologies in hospitals. This segment is estimated to grow at the fastest CAGR from 2024 to 2030.
• North America attributed to the largest share of about 38% in 2023. Conversely, the Asia Pacific region is anticipated to grow fastest at CAGR of 11.6% from 2024 to 2030.
• Advances in innovative molecular diagnostic technology led to the development of more accurate, user-friendly, and cost-effective veterinary molecular diagnostic test kits. Such advancements are expected to drive market growth.

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Veterinary Molecular Diagnostics Market Segmentation

Grand View Research has segmented the global veterinary molecular diagnostics market based on product, animal type, technology, application, end-use, and region:

Veterinary Molecular Diagnostics Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments
• Test Kits & Reagents
• Software & Services  

Veterinary Molecular Diagnostics Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animal
  • Dogs
  • Cats
  • Horses
  • Other Companion Animals  
• Production Animal
  • Cattle
  • Poultry
  • Swine
  • Other ProductionAnimals

Veterinary Molecular Diagnostics Technology Outlook (Revenue, USD Million, 2018 - 2030)

• PCR
• DNA Sequencing
• Microarrays
• INAAT Kits  

Veterinary Molecular Diagnostics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Infectious Diseases
• Metabolic Disease
• Genetics
• Other Application  

Veterinary Molecular Diagnostics End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Hospitals & Clinics
• Diagnostic Laboratories
• Other End-use

Veterinary Molecular Diagnostics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in the Veterinary Molecular Diagnostics Market

• Zoetis
• IDEXX
• Antech Diagnostics, Inc. (Mars Inc.)
• Thermo Fisher Scientific Inc.
• Neogen Corporation
• Gold Standard Diagnostics (Eurofins Technologies)
• Bio-Rad Laboratories, Inc
• Ring Biotechnology Co Ltd.
• QIAGEN N.V.
• BIONOTE

About Grand View Research

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

Building-integrated Photovoltaics Market is Expected to Amplify $89.8 Billion Value by 2030: Grand View Research Inc.

 Building-integrated Photovoltaics Market Growth & Trends

The global building-integrated photovoltaics market size is expected to reach USD 89.8 billion by 2030, registering a CAGR of 21.2% during the forecast period, according to a new report by Grand View Research, Inc. The rapid expansion of the solar photovoltaic (PV) installation capacities of different countries, coupled with increasing demand for renewable energy sources, is expected to drive the growth of the market across the world. The rising consumer awareness coupled with the product’s superior performance over the last decade has primarily driven the market for building-integrated photovoltaics (BIPV).

The crystalline silicon segment led the market in 2023 and had a market share of 70.9%. The crystalline silicon segment was the dominant segment in 2023 which is attributed to the high strength of crystalline silicon BIPV coupled with superior resistance to adverse weather conditions. This segment is driven by declining prices of crystalline silicon cells, which is expected to lower the installation cost in the coming years.

Favorable government legislations, coupled with the unilateral obligation of countries such as Germany, Italy, France, the UK, the U.S., China, Japan, and India to the Kyoto Protocol, designated to reduce greenhouse gas (GHG) emissions, are also expected to promote the growth of the market in the coming years.

In application, roof installations led the market with a market share of 66.9% in 2023. Photovoltaics integrated with building roofs are known to exhibit efficiency due to improved incidence of light on the roof surface. The development of interlocking roof systems that use interlocked tiles, which provide a high conversion efficiency and a significant reduction in the weight of building integrated roofs, is likely to drive the market over the forecast period.

Based on the end-user, the residential segment led the BIPV market in 2023 and had a market share of 34.7%. The demand for BIPV in residential establishments is likely to grow owing to increasing awareness regarding the use of renewable sources of energy for electricity generation among consumers. In addition, increasing adoption of integrated solutions by residential areas in Germany and France is expected to drive product demand over the forecast period.

The demand for BIPV installations is anticipated to be fueled by the improvements observed in their operational efficiency. In addition, the growing affinity of multinationals toward the adoption of environment-friendly energy sources is likely to have a positive impact on the BIPV market.

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Building-integrated Photovoltaics Market Report Highlights

• Roof installations segment accounted for 66.69% of revenue share in the overall market. The demand for building integrated roofs is expected to increase over the forecast period due to the development of superior products.
• The residential segment led the market with the largest revenue share of 34.7% in 2023. Owing to increasing awareness regarding the use of renewable sources of energy for electricity generation among consumers.
• As of 2023, Europe accounted for about 37.1% revenue share in the overall market. Countries like Germany and Italy are increasingly emphasizing the use of solar energy, which is expected to translate into higher adoption of BIPV, thus promoting industry growth over the forecast period.

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Building-integrated Photovoltaics Market Segmentation

Grand View Research has segmented the global building-integrated photovoltaics market based on technology, application, end-use, and region:

Building-integrated Photovoltaics Technology Outlook (Volume, Thousand sq m, Capacity, MW, Revenue, USD Million, 2018 - 2030)

• Crystalline Silicon
• Thin Film
• Others

Building-integrated Photovoltaics Application Outlook (Volume, Thousand sq m; Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Roof
• Glass
• Wall
• façade
• Others

Building-integrated Photovoltaics End-use Outlook (Volume, Thousand sq m; Capacity, MW; Revenue, USD Million, 2018 - 2030)

• Industrial
• Commercial
• Residential
• Utility

Building-integrated Photovoltaics Regional Outlook (Volume, Thousand sq m; Capacity, MW; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
  • Western & Central Europe
    • Germany
    • Netherlands
    • France
    • Austria
    • Switzerland
    • Belgium
  • Western & Central Europe
    • UK
    • Denmark
    • Norway
    • Sweden
  • Southern Europe
    • Spain
    • Portugal
    • Italy
    • Greece
    • Croatia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
    • Singapore
    • Thailand
    • Vietnam
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

List of Key Players in the Building-integrated Photovoltaics Market

• SolarWindow Technologies, Inc.
• AGC Inc.
• Hanergy Mobile Energy Holding Group Limited
• The Solaria Corporation
• Heliatek GmbH,
• Carmanah Technologies Corp.
• Greatcell
• Tesla
• BELECTRIC
• ertex solartechnik GmbH

About Grand View Research

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