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Crystalline Silicon Photovoltaic (PV) Market to Reach $163 Billion, Globally, by 2022

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A new report published by Allied Market Research, titled, “Crystalline Silicon (c-Si) PV Market – Global Opportunity Analysis and Industry Forecast, 2014 -2022”, projects that the world crystalline silicon (c-Si) PV market would reach $163 billion by 2022, at a CAGR of 11.3% from 2016 to 2022. In 2014, Asia-Pacific dominated the world crystalline silicon PV market and commanded more than 45% share of the overall market revenue, followed by Europe and North America. The Asia-Pacific c-Si PV market growth is mainly driven by factors such as increased government incentives & tariffs, and rising PV installation activities primarily in residential sector.

Crystalline Silicon Photovoltaic (PV) Market - Allied Market ResearchTo know more about the report, visit the website at: https://www.alliedmarketresearch.com/press-release/crystalline-silicon-photovoltaic-pv-market.html

Crystalline silicon is the foremost semiconducting material widely used in photovoltaic technology. Presently, rise in demand for greater efficiency and increased application of crystalline silicon in photovoltaic (PV) technology as it is more space efficient and cost-effective compared to thin film semiconducting material are some of the major factors that drive the market growth. Moreover, rise in electricity consumption coupled with increase in government expenditure in photovoltaic technology worldwide are expected to provide huge impetus to the market growth. However, high initial investment and fragility are the limitations that restrict the market growth.

The utility-scale segment accounted for about 39% of the overall c-Si PV market in 2014. Highest installation capacity of crystalline silicon PV in utility-scale enabled this sector to dominate the overall solar PV market. However, residential sector would be the fastest growing market and is expected to register a CAGR of 12.7% during the forecast period. This is due to the increase in installation of residential PV systems worldwide as these systems are capable to provide enough AC electricity to power a single home. Moreover, Asia-Pacific is the major contributor in residential sector with a significant revenue contribution.

Asia-Pacific accounted for the majority of revenue in 2014 and is expected to maintain its dominance throughout the forecast period. This is attributed to the increased installation capacity, increased government initiatives, and increase in population that in turn increases the electricity demand. Moreover, improvement in renewable energy expenditure further boosts the installation of residential solar PV in Asian countries, particularly in China, Japan, and India.

However, Asia-Pacific is projected to be the fastest growing region throughout the analysis period, where major demand is from China, being dominant in the region especially in utility sector power plant PV installation. This is a result of government incentives and tariffs on free grid connectivity for small and medium-size distributed PV solar power producers. Moreover, improvement in solar plant installation capacity and increase in expenditures in the emerging markets (such as India and Japan) to satisfy the unpredictable electricity needs in these countries have bolstered the market growth. Technological advancements for cost-effective PV technologies in these nations offer a lucrative opportunity for the crystalline silicon PV market growth.

Key findings of Crystalline Silicon (c-Si) PV Market:

  • In 2014, multi-crystalline type led the overall crystalline silicon PV market revenue, and is projected to grow at a CAGR of 8.7% during the forecast period.
  • Residential segment is expected to grow at a notable growth, owing to the increased solar PV installation worldwide to satisfy unpredictable household electricity demand.
  • Presently Asia pacific leads the world crystalline silicon PV market and it is expected to continue this trend throughout the forecast period owing to the swift rise in electricity demand from several countries including China, Japan and India
  • China is the major shareholder accounting for about half of the market share in overall Asia-Pacific crystalline silicon PV market.

The key players in the crystalline silicon PV market are focused to expand their business operations in the emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Hanwha Q CELLS Co. Ltd., Evergreen Solar Inc., JA Solar Holdings, Yingli Solar, Sharp Corporation, Jinko Solar, Canadian Solar Inc., China Sunergy, First Solar Inc., and SunPower Corporation.

Software-Defined Data Center (SDDC) Market to Reach $139 Billion, Globally by 2022

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sddcAccording to a new report published by Allied Market Research, titled, “World Software-Defined Data Centers (SDDC) Market”, the global SDDC market is expected to generate revenue of $139 billion by 2022, growing at a CAGR of 32% from 2016 to 2022. SDDC is a facility where all data center resources that include storage, networking, and computer are virtualized and delivered as a service. It leverages deployment, monitoring, and management of data center resources through automated software. Exponential growth of big data, increased demand for streamlined & automated data center operations, and cost efficiency has resulted in increased SDDC adoption, globally. On the contrary, factors that restrain the market expansion in certain regions include possibility of security threats and integration complexity.

To know more about the report, visit the website at: https://www.alliedmarketresearch.com/software-defined-data-center-market

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Wireless Audio Devices Market to Reach $38,807.5 Million, Globally, by 2022

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A new report published by Allied Market Research, titled, Wireless Audio Devices Market – Global Opportunity Analysis and Industry Forecast, 2014 – 2022, forecasts that the wireless audio devices market is expected to garner $38,807.5 million by 2022, registering a CAGR of 24.4% during 2016 – 2022. Wireless speaker systems segment is expected to dominate the market throughout 2014 – 2022. North America is expected to be the leading region in the market during the forecast period.

Wireless audio devices have emerged as an ideal alternative to traditional wired audio devices, owing to their portability, convenience, cost-effectiveness, efficiency, and flexibility. Increasing penetration of infotainment devices, such as mobile phones, laptops, tablets, automobile infotainment devices, coupled with increasing demand for mobility services drive the market growth. In addition, the adoption of wireless audio devices has increased in the commercial sectors including, tourism, education, and media & entertainment among others.

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New Infrastructure and Aerospace Projects Propel Hydraulic Actuators Market Growth

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The world hydraulic actuators market is ready to witness a major growth in its share, because of upcoming infrastructure projects and increased application in aerospace engineering.

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A diverse range of productions in agricultural, construction, and mining equipment industries have amplified the need for hydraulic actuators in these industries. The hydraulic actuators, more commonly known hydraulic cylinders, have an established market, with their usage vital to many mobile and industrial applications. The increasing demand from emerging economies, dynamic market and trading practices, and innovative technologies have augmented the need for hydraulic cylinders.

Allied Market Research has recently published a report on the hydraulic actuators market. Analysts emphasize on the current market state and present forecasts on future market trends. The study has estimated that the world hydraulic actuator market is set to witness a CAGR of 3.6% from 2016 to 2022. The projected value of the global market size is $2.4 billion by 2022.

Source: https://blog.alliedmarketresearch.com/new-infrastructure-and-aerospace-projects-propel-hydraulic-actuators-market-growth-323

Biometric Technology Market is Estimated to Generate $10.72 Billion by 2022 – Allied Market Research

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biometricsA new report by Allied Market Research, titled, “World Biometric Technology Market,” projects that the world biometric technology market is expected to generate revenue of $10.72 billion by 2022, with an estimated CAGR of 19.4% from 2016 to 2022.

In the year 2015, North America was the highest revenue-generating region, owing to increasing adoption of advanced security and authentic solutions and service in the government and commercial sector. Furthermore, the region is projected to continue its dominance throughout the forecast period due to increasing need for multilevel biometric solutions and services in various end-user verticals. Europe was the second largest market, in terms of revenue generation, followed by Asia-Pacific. Major factors that boost the biometric technology market worldwide include increasing security & privacy concerns and rising standard of living.

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World Hyperscale Data Center Market Is Expected to Reach $71.2 Billion by 2022 – Allied Market Research

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data_centerAccording to a new report by Allied Market Research titled, World Hyperscale Data Center Market, the world hyperscale data center market is expected to reach a revenue of $71.2 billion by 2022, with a CAGR of 20.7% from 2016 to 2022. Hyperscale data centers are most widely adopted by cloud service providers to house cloud-based resources and cloud services, accounting for a market share of around 63% in 2015. North America is the largest revenue-generating region for hyperscale data centers, followed by Europe and Asia-Pacific in 2015.

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Cables and Connectors Market to reach $125.3 Billion, Globally, by 2022 – Allied Market Research

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A new report published by Allied Market Research titled, World Cables and Connectors Market, projects that the world cables and connectors market is likely to garner revenue of $125.3 billion by 2022, with a CAGR of 11.1% from 2016 to 2022. In the year 2015, Asia-Pacific dominated the world cable and connectors market owing to the huge investment in infrastructure, energy, and technology development. Moreover, Asia-Pacific is expected to exhibit the highest growth over the forecast period.

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Among the different industry verticals, commercial industry which includes sectors such as IT & telecom, electronics, and healthcare industries consumes a major share of this market. With the increasing penetration of technologies such as cloud and Internet of Things (IoT), the demand for reliable, high performance and secure data connectivity and transmission has increased. From a growth perspective, oil & gas vertical is expected to grow at the highest CAGR during the forecast period. The global oil & gas industry is a sensitive market and decreasing oil and gas reserves have propelled the demand for oil & gas exploration in newer geographies.

Read more details of the report at: https://www.alliedmarketresearch.com/cables-and-connector-market

The world cables and connectors market is categorized into internal cables and connectors and external cables and connectors by installation type. The internal cables and connectors market is expected to grow at the highest CAGR during the forecast period owing to the focus towards miniaturization of electronics and increased adoption of wireless technologies. Among the different product types; CAT5/CAT6 cables and connectors was the dominant segment in 2015, which accounted for around 47% of market share, owing to high performance and long-distance connectivity. The USB cables and connectors segment is expected to grow at the highest CAGR due to demand for On-the-Go connectivity and high speed data transmission.

Asia-Pacific is the largest and fastest growing region and is expected to maintain its dominance throughout the forecast period. Asian countries, namely China, Japan, and India, among others are the prominent revenue-generators due to cheap labor, low manufacturing cost, and large population. North America ranked second in terms of market share, accounted for 27.8% of the global market revenue of cables and connectors in 2015.

Key Findings:

  • Commercial industry vertical which includes sub segments such as IT, telecom & networking, healthcare, business/office and electronics, is estimated to consume major market over the analysis period.
  • CAT5/CAT6 cables segment is expected to consume largest share of cables and connectors market due to evolving networking types and demands for high speed and safe connectivity.
  • Asia-Pacific would lead the market, accounting for over 40% of the market revenue by 2022.

The report outlines the competitive scenario of the world cables and connectors market, providing a comprehensive study of the key strategies adopted by major companies. Key market players profiled in the report are Amphenol Corporation, Molex Inc., Fujitsu Ltd., TE Connectivity Limited, Prysmian S.P.A., 3M Company, Nexans, Huawei Technologies Co. Ltd., Alcatel-Lucent (Nokia Corporation), and Axon Cable S.A.S.