Fruit Beer Market to Observe Strong Development by 2027: Grand View Research Inc.

 Fruit Beer Market Growth & Trends

The global fruit beer market size is expected to reach USD 379.5 million by 2027, exhibiting a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Growing popularity of alcohol free beer among millennials as an occasional drink during after-office hours and weekends is expected to remain a favorable factor for the industry growth over the next few years.

In terms of flavor, the market is bifurcated into peach, raspberry, cherry, apricot, and others. Raspberry flavored beer accounted for the largest share of 29.9% in 2019 owing to high popularity of this fruit flavor among young consumers. Cherry flavored beer is expected to expand at the fastest CAGR of 5.1% over the forecast period owing to high popularity of this fruit flavor among female consumers. Moreover, increasing product availability at supermarkets and hypermarkets is expected to contribute to the segment growth.

On-trade sales channel accounted for a share of 65.4% in 2019. Growing trend of socializing at bars, pubs, and liquor lounges owing to availability of a variety of options is a major factor driving the sale of fruit beer through on-trade distribution channel. Increasing number of microbreweries across the world is also expected to drive the on-trade channel segment.

Off-trade distribution channel is expected to expand at the fastest CAGR of 5.1% over the forecast period. Increasing product availability at hypermarkets is a main factor driving the sales of fruit beer through off-trade channel. Furthermore, increasing number of hypermarkets in economies, such as India, China, and Brazil, is expected to contribute to the segment growth.

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Fruit Beer Market Report Highlights

• In terms of flavor, the raspberry segment was valued at USD 79.8 million in 2019. It is expected to witness significant growth in the coming years as a result of growing popularity of raspberry flavor among consumers
• Off-trade distribution channel is expected to expand at the highest CAGR of 5.1% over the forecast period. Increasing availability of the product at affordable prices through off-trade distribution channel will boost the segment growth
• Asia Pacific is expected to exhibit the fastest CAGR of 6.3% from 2020 to 2027 due to growing popularity of alcohol-free beer among the youth population of countries, including China and India
• Key industry players of fruit beer market include Jester King, New Glarus Brewing Company, Allagash Brewing Company, SIREN CRAFT BREW, Founders Brewing Co., New Belgium Brewing Company, Anchor Brewing, The Golden Road, and SIXPOINT BREWERY.

Fruit Beer Market Segmentation

Grand View Research has segmented the global fruit beer market on the basis of flavor, distribution channel, and region:

Fruit Beer Flavor Outlook (Revenue, USD Million, 2016 - 2027)

• Peach
• Raspberry
• Cherry
• Apricot
• Other

Fruit Beer Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• On-trade
• Off-trade

Fruit Beer Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • Belgium
• Asia Pacific
  • China
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

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.

Hot Chocolate Market Pegged For Strong Growth During 2020-2027

 Hot Chocolate Market Growth & Trends

The global hot chocolate market size is anticipated to reach USD 4.44 billion by 2027, expanding at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding associated health benefits of chocolate is a key factor driving the market. Furthermore, growing middle class population and rapid urbanization at the global level are expected to promote the industry growth over the forecast period.

Shifting consumer inclination towards nutritional products on account of rising incidence of cardiovascular disorders and surge in the number of weight management programs are expected to propel the demand for hot chocolate as a healthy option. Furthermore, increased number of health awareness videos on social media platforms, including YouTube and Facebook, by fitness enthusiasts is projected to upscale the requirements of hot chocolate.

The offline distribution channel segment held a major share of exceeding 90.0% in 2019. High product availability at supermarkets and hypermarkets and convenience stores is expected to favor sales of hot chocolate through offline channel in coming years. While the popularity of online sales channel is steadily growing, around 83% of consumers prefer offline channel as it provides the leverage of feel, touch, and taste, thereby driving the sales of hot chocolate through offline channel.

Online distribution channel is expected to expand at the highest CAGR of 7.5% from 2020 to 2027. Convenience of doorstep delivery, discounted price, and cash on delivery are the major factors influencing sale of hot chocolate through online channel. Moreover, entry of online retail giant Amazon in the online grocery industry is expected to boost hot chocolate sales through online channel in coming years.

Asia Pacific emerged as the largest regional market with share of 30.2% in 2019. This growth is attributed to rising awareness related to the health benefits of chocolate and increasing disposable income of the middle-class population in countries, such as China and India. Furthermore, growing presence of cafés in the region is expected to contribute to the growth of the hot chocolate market in coming years. For instance, according to the Starbucks’ investor presentation, as of September 2019, the company’s total store count stood at 163 across 10 cities in India.

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Hot Chocolate Market Report Highlights

• Online distribution channel is expected to expand at the fastest CAGR of 7.5% from 2020 to 2027. This is attributed to increasing preferences for e-commerce and rising dependence of generation X, millennials, and generation Z parents on internet
• Middle East and Africa is expected to expand at a highest CAGR of 5.8% over the forecast period and reach a value of USD 511.6 million by 2027. Improvement of economic indicators in countries, including Ethiopia, Nigeria, and Kenya is expected to open new avenues for the market in this region
• Some of the key manufacturers of hot chocolate are Nestle; Mondelēz International; The Hershey Company; Mars, Incorporated; Chocoladefabriken Lindt & Sprüngli AG; Xucker GmbH; Cocosutra; HARIBO of America, Inc.; Twinings (Associated British Foods plc); and Valrhona Inc.

Hot Chocolate Market Segmentation

Grand View Research has segmented the global hot chocolate market by distribution channel and region:

Hot Chocolate Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Offline
• Online

Hot Chocolate Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

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.

Dried Fruit Market to Reach Around USD 13.92 Billion by 2027

 Dried Fruit Market Growth & Trends

The global dried fruit market size is expected to reach USD 13.92 billion by 2027, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising number of health-conscious consumers, growing awareness about the health benefits of dried fruit, and increasing application of the product in the food preparation are some of the factors driving the market for dried fruit. Furthermore, introduction of innovative products, along with increasing purchasing power, has been boosting the demand for dried fruit over the world.

In terms of product, raisins or dehydrated grapes held the largest share of over 35% in 2019. Countries including China, India, U.K., Germany, Turkey, and U.S. are the key consumers in the world. Vast application of these dried fruits in several foods, including dairy, bakery, snacks, and confectionary, has fueled the demand across the globe. The berries segment is expected to witness the fastest growth over the forecast period owing to their growing popularity of these dried fruits.

Shifting consumer preference for organic food products has also influenced the market growth over the past few years. As a result, manufacturers are expanding their organic product lines. For instance, in August 2019, Solely, Inc. introduced a new line of organic fruit jerky at all the Whole Foods Market stores in U.S. This new product line includes six single and two-ingredient products.

Key industry competitors include SUNBEAM FOODS, Sun-Maid Growers of California, AL FOAH, Bergin Fruit and Nut Company, Angas Park, Murray River Organics Gr, Red River Foods, Geobres, Kiantama Oy, Traina Foods, and SUNSWEET. Expansion of the product portfolio through the launch of innovative products has been a key strategy among the manufacturers. In addition, new players are entering the market in order to meet the growing demand. For instance, in October 2019, North Bay Produce, Inc. launched its first dehydrated fruit line. The company offers five products, including blueberries, cherries, cherries with zero added sugar, cranberries, and whole cranberries.

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Dried Fruit Market Report Highlights

• In terms of product, raisins dominated the market with more than 35% share of the global revenue in 2019. These dried fruits have been gaining popularity as they aid digestion, increase iron levels, and keep bones strong
• Asia Pacific is expected to expand at the fastest CAGR of 6.7% from 2020 to 2027 owing to increasing health consciousness among millennials in countries, including China and India
• Europe dominated the dried fruit market in 2019 with more than 30% share of the global revenue. High adoption of on-go snacking options in countries, including Germany, U.K., and France, is expected to have a positive impact on the regional market growth
• Online distribution channel is expected to expand at the fastest CAGR of 7.4% from 2019 to 2027 due to increasing penetration of e-retailers and smartphones at the global level
• Major players operating in the market include SUNBEAM FOODS, Sun-Maid Growers of California, AL FOAH, Bergin Fruit and Nut Company, Angas Park, Murray River Organics Gr, Red River Foods, Geobres, Kiantama Oy, and SUNSWEET.

Dried Fruit Market Segmentation

Grand View Research has segmented the global dried fruit market on the basis of product, distribution channel, and region:

Dried Fruit Product Outlook (Revenue, USD Million, 2016 - 2027)

• Apricots
• Dates
• Raisins
• Figs
• Berries
• Others

Dried Fruit Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online

Dried Fruit Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

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.

Decaffeinated Coffee Market Top Players, Segments, Cost Structure, Demand, Sales

 The global decaffeinated coffee market size is expected to reach USD 2.8 billion by 2027, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness about the harmful effects of caffeine on human health, such as anxiety, insomnia, digestive issues, muscle breakdown, high blood pressure, and fatigue, is expected to promote the scope of decaf coffee as healthy drinks. Additionally, shifting inclination towards functional and decaffeinated beverages among millennials at the global level as a result of increased health awareness through social media and television campaigns by hot beverage companies is expected to expand the industry scope.

Over the past few years, new product developments through synergizing the business expertise between two or three companies are expected to open new avenues. For instance, in February 2020, Starbucks and Nestlé together launched a new range of coffee capsules for the Nespresso original system. It comes in four premium signature blends and is made from ethically sourced Arabica coffee. Starbucks Decaf Espresso Roast, which is one of the four blends, has caramelly sweetness. These capsules are made from recyclable aluminum and are accepted in Nespresso’s Canadian recycling solutions.

Similarly, in February 2020, The Caffeinery's began its coffee roasting program. The roaster roasts three pounds of coffee every nine minutes. The company also offers decaffeinated blend, which has been awarded several times for its year-round catalog. Likewise, in January 2020, McDonald’s through its brand, McCafe launched decaf coffee drinks with the aim of attracting local customers who are sensitive to caffeine and heavy coffee drinkers. Four such drinks are available, which include Americano, McCafe Latte, Cappuccino, and Espresso. This offers a variety of choices for customers seeking to control their daily caffeine intake.

Key decaffeinated coffee market participants include SWISS WATER DECAFFEINATED COFFEE INC.; LifeBoost Decaf; Cafe Don Pablo Colombia Supremo Decaf; No Fun Jo Decaf; and Fresh Roasted. Product innovation is expected to remain a key strategy among the industry players in the near future.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/decaf-coffee-market

Further key findings from the study suggest:

• Raw products generated revenue of USD 1.0 billion in 2019. Growing popularity of home roaster is motivating people to opt for unroasted and raw product forms
• Roasted products are expected to expand at the fastest CAGR of 8.1% from 2020 to 2027. These product categories are expected to gain popularity among the consumers due to their enhanced flavor and excellent aroma characteristics
• Based on bean species, Arabica accounted for around 30% share of the global revenue in 2019. This is attributed to large cultivation and easy availability of these beans
• Asia Pacific decaffeinated coffee market is expected to exhibit the fastest CAGR of 8.2% from 2020 to 2027 on account of improvement in economic indicators in countries, including Indonesia, Malaysia, and India.

Grand View Research has segmented the global decaffeinated coffee market on the basis of product, bean species, distribution channel, and region:

Decaf Coffee Product Outlook (Revenue, USD Million, 2016 - 2027)

• Roasted
• Raw

Decaf Coffee Bean Species Outlook (Revenue, USD Million, 2016 - 2027)

• Arabica
• Robusta
• Others

Decaf Coffee Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Offline

Decaf Coffee Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • France
  • Italy
  • Germany
• Asia Pacific
  • Japan
  • Indonesia
• Central & South America
  • Brazil
• Middle East & Africa (MEA)

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.

Dishwasher Tablet Market to Penetrate Untapped Regions During 2020 to 2027

 Dishwasher Tablet Market Growth & Trends

The global dishwasher tablet market size is expected to reach USD 904.1 million by 2027, expanding at a CAGR of 8.4% in the forecast period, according to a new report by Grand View Research, Inc. Rising awareness about hygiene and cleanliness among consumers and energy and water saving attributes associated with dishwasher tablets are the key factors driving the market. The dishwashing tablets market has been witnessing growth in the past few years owing to increasing disposable income of middle-age groups, along with the energy saving benefits.

Growing awareness about environmental pollution caused by liquid and traditional powder detergents is fueling the growth of the market. Consumers’ inclination towards detergent tablets and rising demand from developing countries are also contributing significantly to the market growth. The precise formulation of dishwasher tablets makes them better for the environment. In addition, dishwasher tablets are more convenient to use, which is posing high competition to the powder or liquid detergents.

Branded products segment accounted for a major share of approximately 73.0% in 2019 and is expected to witness lucrative growth over the forecast period. This is attributed to increasing consumers’ preference for branded products, which is led by factors like previous experience and trust. Trusted brand name or product gives consumers the confidence to buy it. Developed regions like North America and Western Europe possess high growth potential for branded products, thereby fueling growth of the segment. Private-label products are expected to witness significant growth during the forecast period.

Based on distribution channel, supermarket dominated the market and accounted for around 46.0% share in 2019. Major players are focusing on retailing their dishwasher products through supermarkets owing to a wider access to the customer base and high quality packaging of the products. Convenience stores are expected to witness significant growth in the forecast period. This is attributed to easy availability of different varieties of dishwasher cleaning products in convenient shops and grocery shops. The online segment is expected to witness moderate growth during the forecast period.

Europe dominated the dishwasher tablet market and accounted for more than 30.0% share in 2019. This is attributed to rapid shift in consumer preferences from detergent powders to tablets, along with increase in disposable income. Asia Pacific is expected to register the fastest CAGR of 9.3% in the forecast period. Growing awareness about hygiene and energy savings benefits of dishwasher tablets are driving the market in this region. Moreover, shift in consumer behavior and increasing willingness to spend more on high quality or premium products are expected to impact the regional market growth in the forecast period.

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Dishwasher Tablet Market Report Highlights

• Branded products accounted for the largest share of approx. 73.0% in 2019 and are projected to witness significant growth in the forecast period
• Based on distribution channel, convenience stores accounted for approx. 30.0% share in 2019
• Europe held the largest dishwasher tablet market share in 2019 due to growing awareness about hygiene and cleanliness, rising number of restaurants and hotels, and increasing disposable income, especially in France and Germany.

Dishwasher Tablet Market Segmentation

Grand View Research has segmented the global dishwasher tablet market on the basis of product, distribution channel, and region:

Dishwasher Tablets Product Outlook (Revenue, USD Million, 2016 - 2027)

• Private-label
• Branded

Dishwasher Tablets Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarket
• Convenience Stores
• Online
• Others

Dishwasher Tablets Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

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.

Smart Kettle Market Estimated to Experience a Hike in Growth by 2027: Grand View Research Inc.

 The global smart kettle market size is expected to reach USD 968.5 million by 2025, expanding at a CAGR of 19.2% in the forecast period, according to a new report by Grand View Research, Inc. The market is driven by increasing penetration of IoT (Internet of Things) and voice-enabled devices. With the rapid technological upgradation, rise in the emergence of smart technologies, and launch of voice assistance devices like Amazon Echo and Google home appliances are considered to be the major factors fueling the market growth. In addition, these appliances are equipped with high intelligence sensors and can be operated remotely from android or iOS systems of smartphones or tablets. Growing trend of connected devices in small kitchen appliances is also expected to propel the market in the forecast period.

The Bluetooth technology segment accounted for more than 30.0% of the market share in 2019 and is expected to witness a significant growth over the forecast period. With new innovations in smart mers to look for high quality and multi-functioned smart kettles. It is typically available in power ratings ranging from 1200 W to 3000 W. High energy saving efficiency and remote controlling access via IoT environment are some of the prominent factors contributing to the growth of smart kettles.

Asia Pacific dominated the smart kettle market in 2019 and accounted for more than 36.0% of the total market share owing to rapid lifestyle changes, improving disposable income, and healthy economic growth. India and China are expected to be the fastest growing countries in the regional market. Increasing proliferation of smart technologies such as IoT solutions, AI, and voice-enabled services is expected to further drive the market in the region. Europe and North America are also expected to witness significant growth over the forecast period owing to the presence of matured economies.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-kettles-market

Further key findings from the report suggest:

• In terms of revenue, voice-enabled based as a technology is projected to ascend at a CAGR of 19.9% over the forecast years
• 1200-1800 W range in power rating segment is expected to grow fastest with CAGR of 19.8% over the forecast period
• Europe is one of the fastest growing regions and it is growing at a significant rate of 19.7% CAGR due to growing number of the smart homes and advanced lifestyle standards especially in U.K. and Germany
• Some of the major companies in the smart kettle market areBreville Group Limited; Smarter Applications Ltd.; AEG, Fellow Industries, Inc.; Xiaomi; Brewista, Inc.; Sage Appliances; and AppKettle.

Grand View Research has segmented the global smart kettle market on the basis of technology, power rating, and region:

Smart Kettles Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Wi-Fi
• Bluetooth
• Voice-enabled
• Others

Smart Kettles Power Rating Outlook (Revenue, USD Million, 2016 - 2027)

• Up to 1200 W
• 1200-1800 W
• 1800-3000 W

Smart Kettles Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle east & Africa
  • South Africa

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.

Massage Oil Market Industry Analysis, Opportunity Assessment And Forecast Till 2027

 The global massage oil market size is anticipated to reach USD 4.54 billion by 2027, expanding at a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. Organizations such as the American Massage Therapy Association (AMTA) and the International Massage Association (IMA) are spreading awareness related to various health benefits of massage by conducting seminars, training camps, and events. For instance, IMA is planning to conduct a world championship in June 2020 at Copenhagen with an aim to increase global networking among therapists across the world.

According to the AMTA, in 2018, patients in developed countries, such as U.S., Germany, and U.K, consulted their medical practitioners. Chiropractors continue to refer their patients to massage therapists for pain management, injuries, and overall wellbeing, which, in turn, is expected to contribute to growth of the market in the upcoming years.

Adult end-use segment held the largest market share in 2019. With the growing busy schedule and long working hours, adults are getting prone to various health conditions, including prenatal depression, autism, hypertension, dementia, and Parkinson’s syndrome. According to a study published in the U.S. National Library of Medicine (NLM), in 2016, massage therapies, including Swedish, Thai, and deep tissue, have shown beneficial effects on the aforementioned conditions. Growing awareness regarding various health benefits of these therapies is expected to have a positive impact on the massage oil market growth over the forecast period.

Spa and wellness centers held the largest share of 52% in 2019. Increasing number of spa centers in developing countries is expected to fuel the demand for massage oil over the forecast period. Additionally, rising awareness of various massage techniques, such as Swedish, Thai, and deep tissue, is expected to have a positive impact on growth of the market. Moreover, growing trend of providing aromatherapy as an added feature in the holiday and vacation packages has benefitted spas to attract more customers. For instance, in Italy, Borgo Egnazia offers Vair spa therapy with olive oil and lemons in its holiday packages, besides club activities and puppet shows.

Europe dominated the marketin 2019 and accounted for over 35% share of the overall revenue. Surge in the number of specialty spa centers providing different types of massage therapies, including golf ball, hot stone, lymphatic, and sports massage, in countries with high disposable income, such as U.K., France, Italy, and Germany, is driving the market in this region.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/massage-oil-market

Further key findings from the study suggest:

• In terms of product, almond oil is anticipated to expand at the fastest CAGR over the forecast period. This is attributed to increasing popularity of almond oil among athletes, coaches, and sports physiotherapists as it can alleviate sore muscle
• Increasing prevalence of sports related injuries is increasing the adoption of sports massage treatment, which, in turn, is expected to fuel demand for almond oil in the upcoming years
• North America held a considerable massage oil market share in 2019 owing to increasing number of spa facilities, coupled with growing consumers’ preference for spa treatment on a regular basis on account of their hectic lifestyle
• Asia Pacific is expected to expand at the fastest CAGR of 7.6% over the forecast period due to increasing number of spa hotels in developing economies, including China and India.

Grand View Research has segmented the global massage oil market by product, end user, application, and region:

Massage Oil Product Outlook (Revenue, USD Million, 2016 - 2027)

• Olive
• Almond
• Coconut
• Citrus
• Others

Massage Oil End-user Outlook (Revenue, USD Million, 2016 - 2027)

• Adult
• Baby

Massage Oil Application Outlook (Revenue, USD Million, 2016 - 2027)

• Spa and Wellness Centers
• Medical Therapeutics
• Others

Massage Oil Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

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.

Sensitive Toothpaste Market To Benefit from Increased Global Uptake of 2020 By 2027

 The global sensitive toothpaste market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Rapidly growing demand for organic and natural oral care products for teeth sensitivity is driving the growth of the market.

Unhealthy lifestyle habits are the major causes of tooth sensitivity such as aggressively brushing of teeth with hard bristled brush. Food like citrus fruits, hot and cold food, sugary food, sticky food such as caramel and toffee can lead to the teeth sensitivity. In addition, some people under stress make unhealthy life style choices such as smoking, consumption of alcohol, and sugary food can increase sensitivity and oral diseases like cancer, gum diseases, and tooth decay. Unhealthy lifestyle habits and their side effects will drive the market for sensitive toothpaste. However, low awareness about technological innovation about oral care may hinder market growth.

Nonetheless, the manufacturers are launching sensitive toothpastes offering multiple benefits such as repair and protection, deep clean, whitening, herbal multi care, and fresh mint. Increasing adoption of whitening toothpastes is high due to multiple benefits. Such toothpastes brighten the teeth by removing the stains and provide protection from harmful effect of dietary acid erosion. Therefore, by implementing innovative marketing strategies, major vendors are driving the market for sensitive toothpaste.

Asia Pacific held largest market share in 2019 owing to several initiatives taken by government for the development of oral health care. According to WHO, more than 34% people of India are suffering from oral sensitivity problem. Therefore, GSK brand Sensodyne has decided to focus on oral care with the help of largest media agency from the GroupM stable. Growing awareness about oral hygiene and natural care products is driving the growth of the market.

Middle East and Africa is expected to witness the highest CAGR due to rising teeth decay problem among children in this region. Further, growing urbanization, rising disposable income, and focus towards organic personal care products comprising oral care products in the countries such as Saudi Arabia, South Africa, UAE will drive the market.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/sensitive-toothpaste-market

Further key findings from the report suggest:

• The rapid relief segment is expected to exhibit highest CAGR of 7.2% as it relieves sensitivity pain in just 60 seconds coupled with benefits including cavity protection and breath freshening
• The supermarkets/hypermarkets segment accounted for largest market share of 66.4% in 2019 owing to availability of wide range of products
• Online distribution channel is projected to witness fastest CAGR of 7.1% due to growing penetration of e-commerce sites and several offers available on online platforms across the globe
• Asia Pacific dominated the industry in 2019 and is likely to witness fastest growth over the forecast period owing to several initiatives taken by government for oral care awareness
• The market is highly dominated with few players accounting for a significant market share, whereas wide distribution network and brand value help these players to sustain in the competitive market.

Grand View Research has segmented the global sensitive toothpaste market on the basis of product, distribution channel, and region:

Sensitive Toothpaste Product Type Outlook (Revenue, USD Million, 2016 - 2027)

• Whitening
• Rapid Relief
• Others

Sensitive Toothpaste Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets/ Hypermarkets
• Convenience Stores
• Pharmacies and Drug Stores
• Online

Sensitive Toothpaste Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

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.

Waste To Energy Market Poised to Expand at a Robust Pace Over 2027

 

Waste To Energy Market Growth & Trends

The global waste to energy market size is expected to reach USD 54.8 billion by 2027, ascending at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing power demand from end-use industries along with favorable regulatory policies regarding waste disposal and utilization for clean energy are likely to strengthen the market over the forecast period.

Governments are emphasizing on the development of alternate energy production sources such as Waste to Energy (WTE) plants owing to surging power demand along with the rapid depletion of conventional energy sources. In addition, increasing landfilling prices and limited space are among the primary factors responsible for driving the market over the forecast period.

Asia Pacific economies such as China have become high potential markets for waste-to-energy technologies owing to the generation of industrial waste at a huge level. Moreover, Japan is expected to follow a more aggressive approach than China regarding the implementation of WTE technology across the country. It aims to provide combination packages including additional services such as waste reduction, waste sorting, and recycling. These trends are anticipated to positively influence the market over the forecast period.

Industry players are emphasizing on technological advancements and innovations in order to reduce the technology cost associated with waste-to-energy plants, boosting the commercialization of WTE technology. In addition, market participants practice vertical integration in order to strengthen the services. Companies do a tie-up with municipal solid waste providers for the distribution of waste sources.        

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Waste To Energy Market Report Highlights

• The thermal technology segment occupied the largest market share in 2019 owing to the relatively simple process along with ease of operations during thermal conversion
• Incineration thermal technology is a major revenue contributor to the market. It offers several advantages such as waste volume reduction, limiting greenhouse gas emissions, and preserving energy
• The biological technology segment is projected to attain the highest CAGR over the forecast period owing to the consistent advancement of anaerobic decomposition technology
• Europe dominates the market owing to the presence of large market players across the region
• In Asia Pacific, the market is anticipated to escalate at the fastest CAGR owing to the potential growth opportunities in countries such as China and Japan.

Waste To Energy Market Segmentation

Grand View Research has segmented the global waste to energy market on the basis of technology and region:

Waste to Energy Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Thermal
  • Incineration
  • Gasification
  • Pyrolysis
• Biological

Waste to Energy Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
• Middle East & Africa

List of Key Players of Waste To Energy Market

• Hitachi Zosen Inova AG
• Suez
• Covanta Holding Corporation
• China Everbright International Limited
• Veolia
• Abu Dhabi National Energy Company PJSC
• Ramboll Group A/S
• Babcock & Wilcox Enterprises, Inc.
• Wheelabrator Technologies Inc
• Xcel Energy 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.

Attractive Market Opportunities in the Hot Melt Adhesives Market by 2027

 Hot Melt Adhesives Market Growth & Trends

The global hot melt adhesives market size is anticipated to reach USD 10.1 billion by 2027 registering a CAGR of 5.2%, according to a new report by Grand View Research, Inc. The market is predicted to grow on account of rapidly expanding packaging sector and rising demand for nonwoven disposables, such as baby diapers and female hygiene products. The stringent regulations set by organizations, such as the Environmental Protection Agency (EPA) and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), prohibit the usage of solvent-based adhesives, thereby providing lucrative growth potential for hot melt adhesives (HMAs) market.

Hot melt adhesives have quicker bonding speed and are environmentally sustainable. The governments across the globe have enforced lockdown in major cities as a result of COVID-19 pandemic, which has led to shutdown of manufacturing activities. This is likely to hinder market growth as the product demand from industrial assembly, automotive, and woodworking applications is likely to take a severe hit. However, rapid boost in demand for packaged food & beverages during the first half of 2020 has resulted in upward trend, in terms of product demand, from the packaging sector.

Similarly, increased production of medical devices has encouraged manufacturers to produce HMAs for the healthcare industry. Furthermore, the hygiene industry is predicted to experience significant growth over the coming years as a result of increasing consumer awareness regarding personal hygiene and rising disposable income levels, particularly in emerging economies of Asia Pacific. Therefore, the demand for polyolefin and rubber HMAs, which are widely used in the manufacturing of nonwovens is likely to witness substantial growth over the coming years.

Asia Pacific was the largest regional market in 2019 and is estimated to expand further at the fastest CAGR of 5.6% from 2020 to 2027. The long established markets of Europe and North America are predicted to witness moderate growth with a dip in 2020. The Middle East & Africa market is small although the future growth is likely to be vibrant owing rising private and public spending in non-oil sectors of the region.

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Hot Melt Adhesives Market Report Highlights

• Packaging application segment led the market in 2019 owing to increased demand for HMAs from the segment due to the quick bonding speed provided by them
• Nonwovens application segment is projected to register the fastest CAGR of 6.8%, in terms of revenue, from 2020 to 2027 owing to rapidly growing demand for baby diapers, adult diapers, and female hygiene products
• EVA led the market in 2019 and accounted for a volume share of over 39% due to the extensive utilization of the product in packaging sector
• Rubber is poised to experience the fastest growth with a CAGR of 4.5%, in terms of volume, from 2020 to 2027. The rising demand for pressure sensitive tapes and labels is likely to benefit segment growth
• Packaging, medical assembly, and nonwovens are estimated to be the least affected end-use sectors for HMAs while transportation and industrial assembly are estimated to be the worst affected end-use sectors due to COVID-19 pandemic in 2020

Hot Melt Adhesives Market Segmentation

Grand View Research has segmented the global hot melt adhesives market on the basis of product, application, and region:

HMAs Products Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• EVA
• Polyurethane
• Rubber
• Polyolefin
• Others

HMAs Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Packaging
• Assembly
• Woodworking
• Automotive
• Nonwovens
• Others

HMAs Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Hot Melt Adhesives Market

• Henkel AG & Co. KGaA
• Arkema Group
• H.B. Fuller Company
• Dow
• Jowat SE
• Sika AG
• Avery Dennison Corporation
• 3M
• Ashland
• Beardow Adams

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.

Metal Recycling Market is Likely To Touch USD 1.4 Trillion by 2027

 Metal Recycling Market Growth & Trends

The global metal recycling market size projected to reach USD 1.4 trillion by 2027 registering a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Increasing emphasis on circular economy and growing environmental awareness are the major factors that are likely to propel the market growth over the coming years.

International efforts to enhance global recycling capabilities and the increasing availability of obsolete scrap is likely to promote industry growth in the long term. In terms of volume, steel is the most recycled metal than other materials. This is owing to the abundant availability of steel scrap. However, the outbreak of the COVID-19 pandemic is likely to cause a severe decline in the demand for 2020.

Furthermore, the growing consumption of metal in end-use industries is also likely to play a major role in driving market growth. For instance, steel is largely consumed in the automotive, construction, industrial manufacturing, and consumer goods industries. Aluminum recycling is also gaining significant momentum as recycling aluminum saves over 90% energy compared to its primary production.

Metal manufacturers are increasingly promoting recycling as an effective way to address the problem of resource scarcity and mitigate environmental impact associated with the production process. The industry is garnering significant pace as economically viable recovery of metals from the sorted recyclates is now feasible.

Asia Pacific is predicted to be the largest as well as the fastest-growing regional market from 2020 to 2027. Proper waste management and rapid urbanization are the major factors that are likely to trigger industry growth in APAC. The growing manufacturing sector in India, China, Vietnam, Thailand, Myanmar, and Indonesia is leading to increased production activities, thereby boosting the demand for metal recycling.

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Metal Recycling Market Report Highlights

• Asia Pacific captured the largest revenue share of 67% in 2019, in terms of volume, as the region is the largest producer of metals in the world
• Steel is expected to register the fastest CAGR of 6.4%, in terms of revenue, from 2020 to 2027 owing to abundant availability of steel scrap from automobiles
• The construction application segment led the market with a volume share of approximately 47% in 2019, owing to high spending in the construction sector in emerging economies of Asia Pacific
• Consumer goods is expected to register the fastest CAGR from 2020 to 2027 on account of rising demand for metal products in this sector
• Aluminum was the second-largest recycled product in 2019 owing to the high demand for aluminum for the production of lightweight vehicles

Metal Recycling Market Segmentation

Grand View Research has segmented the global metal recycling market report on the basis of product, application, and region:

Metal Recycling Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)

• Steel
• Aluminum
• Copper
• Others

Metal Recycling Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)

• Construction
• Automotive
• Consumer Goods
• Industrial Goods

Metal Recycling Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • Germany
  • Russia
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Metal Recycling Market

• European Metal recycling
• CMC
• Utah Metal Works
• GFG Alliance
• Norsk Hydro ASA
• Kimmel Scrap Iron & Metal Co., Inc.
• Schnitzer Steel Industries, Inc.
• Novelis
• Tata Steel
• Sims Metal Management Limited

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.

Metal Magnesium Market Projected to Discern Stable Expansion by 2027

 Metal Magnesium Market Growth & Trends

The global metal magnesium market size is expected to reach USD 6.8 billion by 2027, expanding at a revenue-based CAGR of 8.8%, according to a new report by Grand View Research, Inc. Increased magnesium die casting product demand in various end-use industries is expected to drive the market.

Die casting products find wide applications in automotive, aerospace and defense, electronic casing, and housing. Despite high conductive properties, magnesium metal offers great resistance to radio and electromagnetic properties. This is likely to attract the demand in casings for phones, laptops, phones, and televisions over the coming years. Lightweight and insulative properties make these alloys useful in spacecraft, rockets, missiles, and aircraft.

The medical sector is projected to provide numerous opportunities for market vendors over the coming years. Magnesium alloys can be used in internal braces and dissolvable medical fittings. Other products such as power tools, bicycles, brackets, seat frames, sporting good equipment, ladders, and containers are also anticipated to attract significant demand over the long term.

Magnesium alloys are used as a replacement of plastics in some engineering products on account of its lower cost of production, high recycling capability, and higher stiffness. Magnesium is also used for non-structural applications such as domestic water heaters, storage tanks, and underground pipelines. It also acts as a reducing agent in the production of uranium, hafnium, zirconium, titanium, and beryllium.

Incessant production of automobiles is projected to drive the market over the long term. Automotive manufacturers are under pressure in order to reduce the weight of vehicles for improvement of fuel efficiency. Governments in various countries have imposed strict regulations for automakers to protect the environment through the reduction of pollution. Some of the key countries include the U.S., China, India, Brazil, and European countries. This is likely to boost the production of lightweight materials such as magnesium, aluminum, and plastics.

Asia Pacific is projected to attract the highest demand over the coming years on account of growing vehicle production in China, India, and Japan. Additionally, China is also the world’s largest producer of magnesium. Another key factor projected to assist the growth of the market in the region is the rapid expansion of the electronics sector, particularly in China.

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Metal Magnesium Market Report Highlights

• Aluminum alloyswas the largest application segment in 2019 and accounted for a volume of 437.7 kilotons in 2019. Increasing aluminum content in vehicles and demand for lightweight aircraft is projected to assist in the growth of the segment
• In terms of revenue, die casting is projected to attain the fastest growth rate of 9.0% from 2020 to 2027. Applications such as electronics and medical are likely to offer numerous opportunities in this segment
• Asia Pacific is anticipated to remain the fastest-growing region from 2020 to 2027. It was also the largest regional market in 2019. The growth of the region is attributed to the rapid expansion of end-use industries including automotive, electronics, and aerospace and defense

Metal Magnesium Market Segmentation

Grand View Research has segmented the global metal magnesium market on the basis of application and region:

Metal Magnesium Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Die casting
• Aluminum alloys
• Titanium reduction
• Iron and steel making
• Others

Metal Magnesium Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central and South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players of Metal Magnesium Market

• Nippon Kinzoku
• VSMPO-Avisma
• Solikamsk Magnesium Works
• Latrobe Magnesium
• Alliance Magnesium
• Esan

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.

Injection Molded Plastics Market is Anticipated to See Strong Expansion Through 2027

 

Injection Molded Plastics Market Growth & Trends

The global injection molded plastics market size is anticipated to reach USD 374.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0%, over the forecast period. Growing demand from key applications including automotive, packaging, and construction particularly in countries including Brazil, Russia, India, China, and South Africa (BRICS), is likely to drive the market. The high-growth regions such as the Middle East and the Asia Pacific have witnessed a surge in capacity addition over the last few years.

The increasing presence of plastic injection molding companies in China on account of low manufacturing costs and ample availability of skilled labor is anticipated to benefit the regional market. Major foreign companies are increasing their production capabilities in the region, owing to the growing demand for plastic products. Government support in the form of tax benefits and financial incentives in China and India to increase the FDI flow has helped develop the market for plastics in these countries.

In packaging application, High-Density Polyethylene (HDPE) is extensively used in thin wall injection molding. Growing packaging demand from food, bin liners, and thing gauge bags is anticipated to drive its growth over the forecast period. Rising penetration of injection-molded HDPE in shipping containers, industrial pails, and houseware applications is anticipated to further drive its demand over the forecast period.

The recent outbreak of the COVID-19 pandemic has affected the revenue generation of the companies operating in the market owing to the halt or slowdown in the production facilities. Thus, the companies are focusing on stepping up their resources and production capabilities to help in the fight against the pandemic. For instance, G&C products, a U.S. based plastic injection mold making company that produces plastic products for the fishing and medical industry, started the production of personal protective equipment such as face shields and face masks.

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Injection Molded Plastics Market Report Highlights

• Demand for packaging is likely to rise owing to the improving economic conditions of countries such as India, Brazil, Mexico, and Russia
• In terms of revenue, demand for injection molding from the packaging industry in the Asia Pacific will reach USD 49.1 billion by 2027 at a CAGR of 5.6% from 2020 to 2027
• Growth of the electronics industry coupled with the cost-effectiveness of electrical appliances is projected to remain a key driving factor for the next eight years
• Demand from the medical sector in North America is anticipated to expand at an estimated CAGR of 4.1% from 2020 to 2027
• Packaging was the prominent application segment in France and is expected to augment at a revenue-based CAGR of 4.8% over the forecast period
• Production in the Middle East and Africa is driven by rising product demand from the Asia Pacific and European countries.

Injection Molded Plastics Market Segmentation

Grand View Research has segmented the global injection molded plastics market on the basis of raw material, application, and region:

Injection Molded Plastics Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Polypropylene
• ABS
• HDPE
• Polystyrene
• Others

Injection Molded Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Packaging
• Consumables & Electronics
• Automotive & Transportation
• Building & Construction
• Medical
• Others

Injection Molded Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Injection Molded Plastics Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow Inc.
• DuPont
• SABIC
• ExxonMobil Corporation
• Eastman Chemicals Company

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.

PV Inverter Market Size Is Predicted To Reach A Valuation Of USD 13.0 Billion By 2027

 PV Inverter Market Growth & Trends

The global PV inverter market size is expected to reach USD 13.0 billion by 2027, ascending at a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for solar energy-generated clean electricity across several end-use markets along with the reduction in renewable power generation costs is likely to strengthen market growth over the forecast period.

Increasing demand for a steady power supply in harsh climatic conditions or remote locations has led to the enhanced deployment of off-grid solar PV systems, thereby propelling the PV inverter product demand across such locations. In addition, favorable government policies and initiatives regarding clean fuel usage agenda are expected to further bolster the industry growth.

The market is consolidated and highly competitive in terms of huge demand and vertically integrated market players. Technological advancements due to extensive R&D investments have led to more competitiveness in the industry. Some of the key competitive factors for the market include product quality, brand, maintenance, and distribution network.

Persistent pressure on equipment suppliers due to anti-dumping tariffs is anticipated to hinder the market growth over the forecast period. Such duties have been levied by several countries on account of price deterioration that has hampered the domestic market for solar equipment. The tremendous price declines have forced nations, such as the U.S., to levy anti-dumping duties on the inflow of cheaper equipment from countries, such as China.

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PV Inverter Market Report Highlights

• Central PV inverter segment occupied the largest market share in 2019 owing to wide usage of these systems in large industrial-scale applications due to high reliability and efficiency offered by them
• String product segment accounted for the second-largest market share in 2019 owing to enhanced efficiency, easy installation, and availability of three-phase variations of this product type
• Utility emerged as the largest end-use segment in 2019 owing to decreased costs of solar power & equipment, increased government subsidies, and demand for solar-generated electricity across utility-scale projects
• The residential end-use segment is expected to witness significant growth over the forecast period on account of increased demand for solar renewable energy for home appliances and other applications
• Asia Pacific accounted for the largest share in 2019 with China being the largest contributor to the regional market growth
• A growing number of solar installations in the developing nations of APAC will boost the regional market growth over the coming years

PV Inverter Market Segmentation

Grand View Research has segmented the global PV inverter market on the basis of product, end-use, and region:

PV Inverters Product Outlook (Revenue, USD Million, 2016 - 2027)

• Central
• String
• Micro
• Others

PV Inverters End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Residential
• Commercial & Industrial
• Utility

PV Inverters Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • The U.K.
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
• Middle East & Africa

List of Key Players of PV Inverter Market

• ABB
• SMA Solar Technology AG
• SunPower
• Delta Electronics, Inc.
• Siemens Energy

Solid State Battery Market Set to Witness an Uptick during 2020 to 2027

 Solid State Battery Market Growth & Trends

The global solid state battery market size is expected to reach USD 87.5 billion by 2027, escalating at a CAGR of 13% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for solid-state batteries across end-use markets along with rising R&D focused on developing advanced batteries is likely to drive the market growth over the forecast period.

The market is also driven by the rising deployment of Electric Vehicles (EVs), increasing utility of battery energy storage systems, and the growing adoption of electronic gadgets. Solid-state batteries offer higher electrochemical stability, higher energy density, and low flammability as compared to conventional batteries. These characteristics have widened the application base, thereby enhancing the commercial value of solid-state batteries.

Industry participants are following several strategic initiatives, such as partnerships, joint ventures, and mergers and acquisitions, to enhance their foothold in the market. For instance, in April 2019, Ford Motor Company entered into a partnership with Solid Power to design and develop a product for EVs segment of the automotive sector.

High costs associated with the initial-stage product development are anticipated to hamper the market growth over the forecast period. Moreover, the outbreak of the COVID-19 pandemic has severely impacted the market supply chain that includes electrode material producers, raw material suppliers, battery pack manufacturers, and others.

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Solid State Battery Market Report Highlights

• Consumer & portable electronics segment occupied the largest market share in 2019 owing to the high demand for portable electronic devices in various end-use segments
• The EVs segment occupied the second-largest market share in 2019 owing to the increased deployment of clean energy-powered vehicles across major economies
• Below 20 mAh capacity segment is anticipated to register the fastest CAGR over the forecast period owing to the wide scope of application in low drain devices that do not require a high battery capacity
• The thin-film type segment is expected to record the fastest CAGR from 2020 to 2027 owing to the compact design and efficient recharging rate of these products
• Asia Pacific led the global market in 2019 and will retain the dominant position over the forecast years due to rising deployment of EVs across economies, such as China & India

Solid State Battery Market Segmentation

Grand View Research has segmented the global solid state battery market based on application, capacity, battery type, and region:

Solid-state Battery Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Consumer & Portable Electronics
• Electric Vehicles
• Energy Harvesting
• Wearable & Medical Devices
• Others

Solid-state Battery Capacity Outlook (Revenue, USD Billion, 2016 - 2027)

• Below 20mAh
• 20mAh - 500mAh
• Above 500mAh

Solid-state Battery Type Outlook (Revenue, USD Billion, 2016 - 2027)

• Thin Film
• Portable

Solid-state Battery Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • The U.K.
  • 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

List of Key Players of Solid State Battery Market

• Samsung SDI Co. Ltd.
• Solvay
• Cymbet
• Robert Bosch GmbH