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The North American luxury furniture market is fragmented, with the presence of several family-run domestic companies. Moreover, players from other regions also operate in this market, thereby further intensifying the competition. Online portals are extensively used as a platform for sales by the companies operating in the market.
Home decor products have generated substantial demand among consumers owing to the growing consumers interest towards the concept of home decor. Asia-Pacific is the leading market, occupying around 31% of the market share followed by Europe.
Power solid state transformers segment is projected to generate the highest revenue by 2020, attributed to its rising adoption rates, economical cost and high popularity across power grid infrastructures.
The trend of car-pooling, ride-sharing, and telematics has caused a paradigm shift in the usage-based insurance (UBI) industry. Accurate and real-time data collection, low…
https://insurtechnews.com/insight/research-firms-indicate-a-strong-inclination-toward-usagebased-insurance.html
Energy Storage Systems Market Report, published by Allied Market Research, forecasts that the global market was valued at $172,236 million in 2015, is expected to garner $264,953 million by 2022, registering a CAGR of 6.4% during the period 2016 - 2022.It is anticipated that pumped hydro storage technology segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the forecast period.
The increasing production of renewable energy by major economies across the world is driving the market for energy storage systems. Coupled with the increasing usage of renewable resources, the growing interest towards adoption of electric vehicles will also fuel the growth of energy storage systems. Inspite of increasing need for energy storage systems elements such as high capital investment and environmental concerns pose as a constraint to the market. High cost is another hurdle for the energy storage systems market owing to price sensitive nature of the buyers.
In the year 2015, grid storage was the largest end-user, with major share of world energy storage systems market, followed by transportation. Although there is a keen focus of major economies such as China, United Kingdom, France, Holland, Spain, Germany, Japan, U. S. on increased production of electric vehicles with an objective to save to high cost incurred due to fuel consumption.
Key findings of Energy Storage Systems Market Study:
Pumped hydro storage segment is expected to account for major market share in 2015 and is expected to stay in the dominating position along the forecast period
Non-residential end-user segment is expected to grow at a CAGR of 7.6% during the forecast period
Asia-Pacific is anticipated to lead the market throughout 2022, growing at a CAGR of 7.3%, in value terms.
Flywheel is the fastest growing segment in the Asia-pacific region growing at an estimated CAGR of 28.9% in terms of value
In North America, U. S occupies a major share of around 83.8% in 2015
In 2015, Europe and North America collectively accounted for nearly three-fifth of the worldwide demand for energy storage systems and are expected to grow at a steady pace during the forecast period. This is mainly due to increased focus of these economies on the production of renewable energy.
The report provides comprehensive analysis of the key players that operate in the world energy storage systems market such as LG Chem., ABB Ltd., AES Energy Storage, LLC, Beacon Power, LLC, BYD Company Limited, Convergent Energy and Power Inc., Greensmith Energy Management Systems, Eos Energy Storage, Seeo Inc., and S&C Electric Company. These players occupy a major share in the world energy storage systems market followed by other tier 2 and tier 3 players worldwide.
Spark plug is a type of lighter that ignites the compressed air-fuel mixture at the top of cylinder head. Spark plugs must be able to withstand at temperature of about 25000C and combustion pressure as high as 50 Kg/cm2. Centre electrode material is most important part of spark plug, as fuel economy and engine efficiency is based upon that
Globally, Europe was the leading market in 2014, with about 36% of the market share, followed by North America. Asia-Pacific is anticipated to exhibit the fastest growth, registering a CAGR of 4.5% during the forecast period.
The benefits of using prefilled syringes, such as lower risk of infection, higher precision, and standardization over traditional syringes, are expected to attract the patients with chronic diseases and fuel the innovations and market growth of prefilled syringes
Automated Fare Collection System market is expected to garner $10.1 billion by 2015, registering a CAGR of 13.2% during the forecast period 2016 - 2022. The smart card segment accounted for around 41.4% of revenue share in 2015, and the market is expected to grow with a promising CAGR of 12.9% during 2016 and 2022.
Automated Fare Collection System market is expected to garner $10.1 billion by 2015, registering a CAGR of 13.2% during the forecast period 2016 - 2022. The smart card segment accounted for around 41.4% of revenue share in 2015, and the market is expected to grow with a promising CAGR of 12.9% during 2016 and 2022.
Automotive industry, one of the biggest industries across the globe, is witnessing tough competition among the operating players. The players are consolidating all their efforts into minimizing the material usage and reducing manufacturing lead time & associated costs.
Automotive industry, one of the biggest industries across the globe, is witnessing tough competition among the operating players. The players are consolidating all their efforts into minimizing the material usage and reducing manufacturing lead time & associated costs.
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The sensor industry caters to an expansive set of operations across various verticals including healthcare, automotive, industrial, aviation, IT & telecommunications, and consumer electronic goods. The implementation of sensors in these fields holds great potential for the market,
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amaging
North America and Europe has been prominent consumers of injection molded plastics.Asia Pacific hosts one of the fastest growing lucrative opportunities for injection molded plastics market in the region.
