Categories
Advanced Interior Materials

Luxury furniture Market – Analysis, Trends And Forecasts, 2015 To 2022

Worldwide luxury furniture market was estimated at USD 21,389 in 2014 and is anticipated to cross over USD 28,600 million by 2022.The market is rapidly growing at a CAGR of 3.2% over the coming years. Increasing disposable income results in growth in demand for luxury living; therefore, it is impacting overall industry growth.

Adoption of online retailing methods and development of multi-functional furniture to decrease operating expenses engaged in sales and distribution are expected to expand the market. Furthermore, Real estate industry is expected to go through moderate advancement in future. Growth in real estate industry for commercial and residential places is expected to drive the luxury furniture industry market demand.

For Market Research Report on “Luxury furniture Market” Visit –http://www.grandviewresearch.com/industry-analysis/luxury-furniture-market

Lifestyle of consumers in urban areas is undergoing a significant change owing to rising disposable income.  Consumers are ready to spend on luxurious products as these products are becoming key part of their life.   Moreover, increased investment on these products will assist in escalating the market demand .Although; investment associated with raw material procurement used for furniture designing will hamper the market growth further. Lack of skilled workforces for integration of visual designs in furniture is expected to restrain the sector development.

Existence of jackfruit, teak and mahogany trees as a resource for furniture designing due to maximum durability strength are attributing for high share of this material in revenue generation. Innovative and breakthrough developments in other materials used for designing luxury furniture like marble and stone are expected to boost the segment demand. In 2014, living & bedroom segment dominated the other segments with the highest revenue share .This was mainly due to existing consumers that are mostly in purchase of right kind of furniture to give aesthetic and rich look to their living room.

In 2014, Europe dominated the industry with total revenue share of over USD 7,329 million. Furthermore, changing lifestyle of consumers coupled with existence of large number of players in the region due to significant rise in disposable income are factors impacting for elevated share in Europe.

Rapid development in residential real-estate industry in Asian countries like China and India will increase the lucrative CAGR of 5.2% during 2014 to 2022. This is mainly owing to fast development in the region which is driving the luxury furniture market growth.

Luxury furniture Market

Information Source: Grand View Research

Categories
Medical Devices

Hemostasis And Tissue Sealing Agents Market – Analysis, Trends And Forecasts, 2015 To 2022

The hemostasis and tissue sealing agents market was about USD 3.4 billion in 2014. Hemostats & sealants are healthcare instruments that stop hemorrhages & bleeding. These conditions may arise from surgical practices & wounds. The market is predicted to experience profits from 2015 to 2022 (forecast period). This would result from increasing surgery volumes globally.

Major companies adopt strategies to increase their shares. This also propels market revenues. Similarly, geriatric population & chronic diseases promote market sales. These devices offer several benefits & are patient-friendly. This factor is also projected to assist the hemostasis and tissue sealing agents market.

For Market Research Report on “Hemostasis And Tissue Sealing Agents Market” Visit –http://www.grandviewresearch.com/industry-analysis/hemostasis-tissue-sealing-agents-market

Diabetes, hernia fixation, eye & spinal injuries, burns, and urological disorders are some of the chronic conditions needing hemostats & sealants. Urological surgeries involving minimal invasiveness specifically utilize hemostatic solutions, furthering the market. Maximum demand for these products stems from general surgeries & cardiac illnesses.

Wide usage of these devices in cardiac diseases is credited to improved medical results. The hemostasis and tissue sealing agents market is bifurcated into products and regions. Products include tissue sealants and topical hemostats. Topical hemostats are divided into active, mechanical, and flowable. Sealants & adhesives take care of blood loss during surgical practices.

The regional segments comprise North America, Asia Pacific, Europe, and rest of the world.  North America occupied the biggest share due to cancer, diabetes, and cardiac incidences in the region. Other regional drivers consist of product launches, aggressive sales of these devices, and use of these products in medical procedures. Asia Pacific should be lucrative owing to its surgical practices & healthcare tourism. It is likely to gain more than 25% share by the end of the forecast period.

Europe would be propelled by regional surgeries & elderly population. Some of the primary companies affiliated with the global hemostasis and tissue sealing agents market encompass CryoLife, Advance Medical Solutions Group, C.R. Bard, and B. Braun. Strategic measures adopted by these players comprise integration of bacteriostatic features, research in formulation expansion, and connections with medical centers & hospitals.

Another key strategy followed by them includes mergers & acquisitions to ensure market presence and sustainability.

Hemostasis And Tissue Sealing Agents Market

Information Source: Grand View Research

Categories
Drilling & Extraction Equipments

Wireline logging service market – Analysis, Trends And Forecasts, 2015 To 2022

Worldwide wireline logging service market was valued over USD 16 billion in 2014. Increased production and exploration activities coupled with rise in real-time data gathering are factors anticipated to drive market demand further. Increase in crude oil prices will augment regress investments further, which will impact the world energy demand by 2020.Moreover; this resulted in decreasing the exploration level in well and has also increased the pressure to extract more from each well.

Furthermore, increased focus on natural gas production and technological developments is projected to boost the market demand. Completion activities and potential increase of recoverable resources in North America is anticipated to boost the demand over the coming years. Additionally, reduced profit margin and adaptable nature in the region has been benefited by continuous rising production. This has generated the requirement to optimize the E&P activities regarding major application such as reservoir evaluation. Though, issues associated with environment, augmented seismic activities and stringent regulations are expected to hinder growth over the forecast period.

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Ultra-deep water, high temperature and high pressure of new reservoirs are few conditions that direct to new challenges in the market. Based on technology, the market is divided into E-line and slickline segments. In 2014, E-line technology contributed over 57% of the industry share and is further estimated to grow at a CAGR of over 9% till 2022.This segment can be categorized under heavier and strong wireline and uses an inner core of enclosed wire for broadcasting electrical signals amid surface equipment and downhole tools. These services are essentially for well logging and tube perforating operations.

Based on hole type, the wireline logging service market is classified into cased hole and open hole, as a result, Cased hole service market contributed over 50% of the total revenue in 2014.  Cased hole aids in recovering the measurements through metal piping while open hole involves the operations that are executed before the wellbore has been cemented. North America wireline logging service industry is anticipated to undergo significant demand further and   is rapidly growing at a CAGR of over 9.1% over the forecast period. This is mainly due to incessant augmentation in production and exploration activities in the U.S.

Wireline logging service market

Information Source: Grand View Research

Categories
ceramic & fiber

Flat Glass Market – Analysis, Trends, OverviewAnd Predictions, 2015 To 2022

The worldwide flat glass market is predicted to attain a size of about USD 124 billion by 2022. Augmented awarenessabout the advantages of flat glass in the sector of construction is projected to steer the sales of the market. These advantages includesafety and energy savings.  Advantages like these augur well for the market and are likely to propel it ahead through the forecast phase. Advancements in flat glass products and rising usage of low-e and smart glasses in various parts of the world are also anticipated to drive the demand for the flat glass market.

For Market Research Report on “Flat Glass Market ” Visit –http://www.grandviewresearch.com/industry-analysis/global-flat-glass-market

The market is projected to experience expansion in coming years. This is due to growing demand for insulation in the sector of construction. Moreover, boosting awareness with respect to the significance of tempered glass in the industry of automotives is also likely to increase the demand for the flat glass market through the forecast phase. The intensified usage of insulating glass and laminated glass in applications concerning solar energy is estimated to improve market reliability.

Amplified construction operations in relation to forthcoming and restoration projects in different geographies of the worldwide flat glass market are also predicted to raise the demand for flat glass. Also, magnified awareness regarding hard wearing construction materialsis projected to enhance the demand for the market. Augmenting engineering and architectural inclination towards the growing usage of flat glass in construction facades is also likely to positively affect the flat glass market.

The expanding industry of automobiles, specifically in the region of Asia Pacific, is likely to propel further demand for the flat glass market in the seven years ahead. The worldwide market has experienced expansion owing to the rising usage of flat glass in original equipment manufacturing in the thriving sector of automotives. The fast developing energy market is estimated to act as a growth prospect for the flat glass market during the forecast phase.

The escalating usage of flat glass in solar panels, photovoltaic modules and e-glass on account of increased demand for clean energy also drives major demand for the market. The flat glass market is segmented in view of three categories. These are products, applications and regions.

Products Insights

The various products of the flat glass market include non-fabricated products and fabricated products. Non-fabricated products are inclusive of basic glass generated from the standard float procedure. Fabricated products contain insulating, laminated, tempered and others.

Applications Overview

Construction was the biggest application sector. It is expected to show likewise trends in the seven years to come. Speedy urbanization, in combination with the middle class’srising disposable earnings is anticipated to boost the usage of smart glass in the sector of architecture during the forecast phase. The flat glass market is also expected to notice significant growth in the application sector of automotives in the future.

Regions Outlook

Asia Pacific was the leading flat glass market in 2014. It captured nearly 50 percent of the entire share. The regions of Europe and North America are comparatively well-established. They are known by new product innovations and augmented fondness for laminated products.

Flat Glass Market

Information Source: Grand View Research

Categories
Communications Infrastructure

LiDAR Market – Analysis, Trends, Overview And Predictions, 2015 To 2022

The LiDAR market is estimated to achieve a size of about USD 605 million by 2020. It is predicted to grow at around 16 percent CAGR during 2014 to 2020. LiDAR is the short form of light detection and ranging and refers to a laser profiling technology. This technology produces information with respect to elevation and site to describe the earth’s exterior and other characteristics.LiDAR systems are either terrestrial or air borne in nature. They were abstracted in the 1960s for military purposes and environmental analysis.

For Market Research Report on “LiDAR Market” Visit –http://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market

The commercial implementation of LiDAR technology has boosted in the last few decades. A usual LIDAR system consists of a laser scanner, inertial measurement unit and global positioning system. Conventional LiDAR technology was very expensive in the past. Hence, its applications were limited wherein the region to be monitored was big. However, in the last twenty years, technological developments in semiconductors have decreased the price and size of LiDAR systems. The accuracy of images generated by these systems has also augmented considerably.

This has caused growing awareness regarding LiDAR technology and implementation of the same in recent times. The forthcoming large-scale substitution of conventional mapping by mapping technologies of LiDAR is also expected to increase the demand for the LiDAR market. The coming to front of LiDAR technology has made the identification, analysis and mapping of objects simpler than conventional procedures. Enhanced mechanized processing capabilities of LiDAR systems in relation to data and image resolutions as againstother technologies aredriving the demand for the LiDAR market at present.

Another element contributing further demand for the worldwide market includes accelerated 3D imaging technology demand in different application sectors. The rising implementation of aerial LiDAR systems to identify and discover places also propels the sales of the LiDAR market. Conversely, low consciousness regarding the advantages of LiDAR systems and utilization of costly constituents in LiDAR technology magnify the price of LiDAR systems. These factors are likely to hinder the pace of the LiDAR market and restrict it from growing.

Accelerated ecological concerns and intensifiedneeds for homeland safetyare also predicted to grow the LiDAR market further. The worldwide market is segmented on account of four categories. These are products, applications, components and geographies.

Products Overview

The various products of the LiDAR market include terrestrial, air borne, mobile and short range. Air borne LiDAR systems occupy a major share in the worldwide revenue.

Applications Outlook

The different application sectors are civil engineering, military and defense, corridor mapping, government and topographical surveys.Enhanced demand for LiDAR systems across these sectors is also likely to steer the market forward.

Components Overview

On account of components, the LiDAR market is fragmented in view of data storage and management systems, GPS, laser scanners, inertial navigation systems and others.

Geographies Outlook

The LiDAR market, on the basis of geographies, is fragmented into Asia Pacific, Europe, rest of the world and North America.North America is projected to lead the market during the forecast phase. It is expected to be followed by Europe. The Asian Pacific LiDAR market is likely to display huge growth in the years ahead. This is in view of augmented defense investments in the region.

LiDAR Market

Information Source: Grand View Research

Categories
coatings & printing inks

Automotive Coatings Market – Analytical Trends, Overview And Forecasts, 2015 To 2022

Automotive coatings improve the durability and looks of vehicles. Theyalso protect the latter from external and cruel climatic conditions. These conditions may vary from ultra violet radiations and extreme temperatures to foreign particles. Some of the primary clients of the automotive coatings market include automotive body shops and collision repair centers. Rising demand for automotive coatings from both these clients is estimated to drive the demand for the market.Automotive refinish coatings are utilized in the market of automotives for vehicle refinishing and repair. The worldwide automotive coatings market is growing speedily in relation to color alternatives, products and durability.

For Market Research Report on “Automotive Coatings Market” Visit –http://www.grandviewresearch.com/industry-analysis/automotive-coatings-market

As mentioned above, automotive coatings offer sophisticated looks and protection to vehicles. One of the vital propellers of the market is the continual supply of operating vehicles. The greater the vehicle production, the greater is the demand for the automotive coatings market. Amplified demand for bio-friendly coatings duringincreased pollution also serves as a driver of the market. The market is predicted to attain a size of about USD 27.7 billion by 2022. The capability of these coatings to protect vehicles from acid rains, ultra violet radiations and cruel climatic conditions also propels further demand for the automotive coatings market.

Intensified production of vehicles in China, Mexico, India, Germany, Japan, United States, together with vehicle aging is also a significant driver of the market. The other prominent drivers of the automotive coatings market include quick fiscal development, innovations in road infrastructure and augmented governmental funds. Conventional solvent borne coatings are injurious to ecology. This factor is projected to restrict further growth of the market. The worldwide automotive coatings market is divided into five categories. These are consumers, applications, products, technologies and geographies.

Consumers Insights

Light vehicle OEMs were the biggest consumer sector in 2014. They are anticipated to experience significant growth over the forecast phase. This is due to superior lifestyles and accelerated demand for cars in the U.S., India and China. The sector of automotive refinish is projected to undergo fast expansion in the coming seven years. This is on account of magnified client investment power in the developing nations of India, China and Thailand.

Applications Overview

Metal coatings and plastic coatings are the two application sectors of the automotive coatings market. Metal coatings were the biggest sector and are estimated to expand in the future. Plastic coatings are anticipated to notice maximum growth in the seven years ahead.

Products Outlook

Basecoat was the biggest product sector. It is estimated to experience considerable growth over the forecast phase. Electrocoat is predicted to steer the sales of the global automotive coatings market.

Technologies Overview

Solvent borne coatings leaded the worldwide automotive coatings market with regard to income. The revenue generated by them is likely to reduce in the seven years to come. Water borne coatings are estimated to observe fast growth.

Geographies Outlook

Asia Pacific leaded the market in 2014. It is estimated to be the most rapidly developing region in the future. India, China and Japan add most of the revenue to the Asian Pacific automotive coatings market.

Automotive Coatings Market

Information Source: Grand View Research

Categories
Healthcare IT

Brain Computer Interface (BCI) Market – Analysis, Trends And Forecasts, 2015 To 2022

Brain computer interface (BCI) refers to direct neural interface, brain machine interface, synthetic telepathy interface, or mind machine interface. BCI is a technology which enables a direct interaction channel between the brain and exterior instruments. The brain and exterior instruments are utilized to regulate movements in individuals suffering from physical disabilities. A BCI system assists the physically challenged to rise above difficulties and execute tasks on a daily basis.

For Market Research Report on “Brain Computer Interface (BCI) Market” Visit –http://www.grandviewresearch.com/industry-analysis/brain-computer-interfaces-market

The main purpose of the BCI instrument is to capture electrical signals that move amidst neurons and pass them to an exterior instrument. Technological innovations in the fields of human sensing, computation, entertainment, communication and control are a prime factor, driving the demand for the brain computer interface (BCI) market. Rising research operations coming up with cures for dangerous injuries and disorders of the brain are also likely to propel the sales of the market during the forecast phase.

Growing governmental investments for BCI research are also projected to steer the market forward.The brain computer interface (BCI) market is driven ahead by technological innovations. It is experiencing further advancements which cause high miniaturizationand functionality of instruments. Moreover, with increased computing power, automated applications of these instruments are estimated to emerge in the market. Augmented research operations in relation to the developmentof treatments for cerebrovascular illnesses and sleep disorders are also likely to boost the brain computer interface (BCI) market further.

Moreover, research organizations, clinical trials and governmental establishments have offered their assistance (in the form of finances) to support further development of BCI. This has also contributed addeddemand for thebrain computer interface (BCI) market.Intensified demand for eco-friendly materials is also estimated to further the utilization of BCI. This factor expands the market further. However, the scarcity of proficient workers to deal with these intricate instruments is an element restricting the brain computer interface (BCI) market.

The global brain computer interface (BCI) market is segmented on the strength of three categories. These include applications, productsand geographies.

Applications Overview

The various application sectors include smart home control; medical;control and communication; and gaming and entertainment. Medical captured more than 50 percent of the share in the brain computer interface (BCI) market in 2014.The sectors of control and communication; and gaming and entertainment are likely to experience the introduction of innovative products through the forecast phase.

Products Outlook

The key products of the brain computer interface (BCI) market are partially invasive, invasive and non-invasive. Non-invasive BCI products captured the biggest share in 2014. This was on account of their features, like minimal scarring and simple use. Invasive products find augmented utilization in neuroprosthetics. Their supremacy in the medical industry is predicted to continue likewise during the forecast phase.

Geographies Insights

The geographical regions include Asia Pacific, rest of the world, Europe and North America. The North American brain computer interface (BCI) market occupied the biggest share. This large size owed to boosting neurodegenerative illnessesin the region. Europe is anticipated to grow significantly through the forecast phase. The Asian Pacificbrain computer interface (BCI) market is likely to experience domineeringprofits in the years ahead.

Brain Computer Interface (BCI) Market

Information Source: Grand View Research

Categories
Green building materials

Personal Protective Equipment (PPE) Market – Outlook, Analytical Trends And Forecasts

Personal protective equipment (PPE) are inclusive of equipment that protect various parts of the body. These are the head, face, eyes, ears, body, nose, hands, legs, etc. These equipment protect people at workplace and from dangerousinjuries. The various application sectors across which PPE find use are manufacturing, construction, chemicals, oil and gas, conveyance, pharmaceuticals, food, etc. Boosting demand for PPE across these sectors is predicted to steer the sales of the personal protective equipment (PPE) market.

For Market Research Report on “Personal Protective Equipment (PPE) Market ” Visit –http://www.grandviewresearch.com/industry-analysis/personal-protective-equipment-market

The other sectors across which these equipment are used are unorganized sectors, government usage, service stations and small-scale manufacturing utilities. Growing awareness with regard to protection at workplace and rising governmental policies in support of protection are the two primary factors, propelling further demand for the personal protective equipment (PPE) market. PPEs are monitored by global protection standards. Health laws directed at protection across various industry verticals are also expected to drive the market forward.

Speedy urbanization and amplifying international spendings are the other prime factors, positively affecting the personal protective equipment (PPE) market. Professional footwear is the biggest sector of the market. The rising demand for personal protective equipment in the sectors of oil and gas, manufacturing and construction is one of the prime components, furthering the professional footwear market.

Augmented PPErequirementin the emergent nations of Asia Pacific is also expected to escalate the demand for the personal protective equipment (PPE) market in the region. Africa has gigantic potential for the market, with South Africabeing one of the leadingregions. The worldwide personal protective equipment (PPE) market is trifurcated into three categories. These include products, consumers and geographies.

Products Outlook

Hand protection was the biggest product sector in 2014. It occupied more than 22 percent of the entire personal protective equipment (PPE) market demand. Hand protection is anticipated to gain profits in the coming years. This is due to huge demand for hand protection equipment(to protect people from hand injuries) in the sectors of chemicals, food, pharmaceuticals and construction. Fall protection equipment are projected to witness strong growthin the years ahead. This is in view of the expanding industry of construction in the regions of the Middle East and Asia Pacific. Respiratory protection is also predicted to undergo huge growth in the future.

Consumers

Manufacturing was the biggest consumer of the personal protective equipment (PPE) market in 2014. It is likely to dominate the market in the coming seven years. The sector is anticipated to experience considerable growth worldwide. This is because of the expanding manufacturing industry in the developing nations of China and India. The consumer sector of construction in the personal protective equipment (PPE) market is predicted to undergo notable expansion over the forecast period. Transportation is likely to experience maximum growth in the future.

Geographies

North America leaded the worldwide personal protective equipment (PPE) market in 2014. It is expected to be the biggest region over the forecast phase. Asia Pacific is likely to experience maximum growth in the years to come. The European personal protective equipment (PPE) market is anticipated to grow reasonably in the future.

Personal Protective Equipment (PPE) Market 

Information Source: Grand View Research

Categories
Advanced Interior Materials

Metal Matrix Composites (MMC) Market – Overview, Analytical Trends AndForecasts, 2015 To 2022

The worldwide metal matrix composites (MMC) market produced an income of around USD 228 million in 2012. It is predicted to generate revenue worth about USD 357 million by 2019. The market is projected to rise further at around 6.6 percent CAGR during 2013 to 2019. The worldwide demand for MMCs was estimated at about 5, 946 tons in 2012. Metal matrix composites are compound substances that consist at least two constituents; reinforcement and metal matrix. MMCs are utilized to generate hard-wearing and lightweight parts forground conveyance, thermal/electronics management, defense, aerospace, nuclear, marine, etc.

For Market Research Report on “Metal Matrix Composites (MMC) Market” Visit –http://www.grandviewresearch.com/industry-analysis/metal-matrix-composites-mmc-market

Boosting demand for metal matrix composites across these sectors is anticipated to propel the metal matrix composites (MMC) marketahead during the forecast period. Expansion in the industries of passenger and commercial vehicles is also estimated to steer the sales of the market in the coming seven years. Flowing demand for light weight metal constituents with high performance, specifically in the industry of commercial vehicles to enhance fuel effectivity, is also projected to push the metal matrix composites (MMC) market forward in the future.

The in-built features of metal matrix composites (MMC), like improved stiffness, light weight and material strength, increase the utilization of MMCs in the industry of aerospace. This is also predicted to drive the metal matrix composites (MMC) marketahead in the near future. The high manufacturing costs and low yield of these compounds are likely to obstruct the smooth flow of the market. Proposals undertaken by the government and innovations in technologies to endorse material science are predicted to positively impact the metal matrix composites (MMC) market in the years ahead.

The market also faces huge demand from the applications of battery sleeves and radiator panels, power semiconductor packages, printed circuit board heat sinks and microwave modules. The rising use of MMCs across these sectors is also anticipated to propelfurther demand for the metal matrix composites (MMC) market. The worldwide market is sliced in view of three categories. These are consumers, products and geographies.

Consumers Insights

Ground transportation was the biggest consumer sector of the metal matrix composites (MMC) market in 2013. It is predicted to display similar trends in the yearsahead. The sector of automotives is estimated to experience a growth of ‘above average’ in the future.This is due to augmented demand for lightweight materials in the industry. Thermal/electronics management is likely to continue as the most rapidly expanding sector over the forecast period.

Products Overview

Aluminium was the biggest product sector of the metal matrix composites (MMC) marketin 2014. It captured more than 30 percent of the worldwide demand. This sector is estimated to gain shares through the forecast period. It is due to growing use of aluminium in the industries of aerospace and aircrafts. Refractory metal is predicted to face maximum demand in the seven years to come.

Geographies

North America leaded the worldwide metal matrix composites (MMC) market in 2013. The region is expected to continuelikewise in the future. The huge size of this region is credited to increased demand for MMCs in the industries of automotives and aerospace in the United States of America. The Asian Pacificmetal matrix composites (MMC) market is likely to experience fast growth.

Metal Matrix Composites (MMC) Market

Information Source: Grand View Research

Categories
Renewable Energy

U.S. Solar PV Market – Overview, Analytical Trends And Predictions

The U.S. solar PV market is estimated to experience considerable expansion in the years ahead. Boosting demand for solar PVs in the sectors of residential and commercial are responsible for the same. Funds and accelerated supportive regulatory frameworksare projected to propel the demand for the market during the forecast phase. Moreover, steep reduction in equipment price on account of increased installations (specifically in California) is estimated to continue over the forecast phase. Application sectors of the U.S. solar PV market, such as non-residential, residential and utility are predicted to notice installations till 2016.

For Market Research Report on “U.S. Solar PV Market” Visit –http://www.grandviewresearch.com/industry-analysis/u-s-solar-pv-market

The U.S. solar PV market, which relies on sponsorship, is projected to experience reduced installations after the funding phase. This is on account of higher fiscal costs in comparison to other power production forms. The sector of residential has been experiencing imperative U.S. solar PV marketdemand in the last few years. Augmented consciousness (among clients) with respect to ecological safety, together with fundedunit cost has caused this sector to undergo the same. Moreover, low costs involvedin the maintenance of solar PVs as against other power producing units have led to significant demand for themin the last few years. This trend is anticipated to carry on in the near future.

Decreased carbon ejections during electricityproduction in comparison to other energy sources, in combination with accessibility to differently-sized PV units are also likely to further the sales of the U.S. solar PV market in the coming years. Moreover, solar radiations in the United States have aided market expansion in the last five years. Unit costs ofsolar PV have also decreased. This has been due to national sponsorships and grants and escalating unit installations. Additionally, costs of unprocessed materials for the production of solar cells have also reduced abruptly. Manufacturing and technological developments have contributed to this.

The U.S. solar PV market is bifurcated into two categories. These include states and applications.

States Outlook

California was the biggest U.S. solar PV market in 2014. The region occupied the biggest share due to rising installation of solar PVs in the sectors of residential and utility. California captured in excess of 50 percent of the market. It was chased by Arizona and New Jersey. North Carolina and California experienced augmented residential installations in 2014.

This experience of theirs was in view of supportive subvention regulations and regulatory frameworks by the central government. Unit costs are estimated to reduce steeply in California due to huge scale installations in the years to come. Also, the rising tendency of states towards the production of renewable electricity isestimated to drive the U.S. solar PV market ahead.

The energy regulations of California aid the development of renewable energy. This is yet another factor projected at intensifying the demand for the market.

Applications Insights

Utility was the biggest application sector of theU.S. solar PV market in 2014. Residential and non-residential followed utility and were the second and third biggest sectors respectively. Non-residential is expected to notice slowgrowth. Low set-up costs of solar PVs and technological developments are likely to expand the U.S. solar PV market in the aforementioned sectors.

U.S. Solar PV Market

Information Source: Grand View Research