Metalworking Fluids Market 2016 Share, Trend, Segmentation and Forecast to 2024

Metalworking fluids are also known as cutting fluids. They are used as coolant and lubricants in metalworking processes such as machining and fabrications. They are different types of metalworking fluids employed in different applications such as metal removal, metal forming, metal protecting and metal protecting fluids. Based on the applications metalworking fluids are segmented into different types. Metalworking fluids are manufactured from different process and different raw materials such as petroleum distillates, animal fats, plant oil, air and water.

The report comprises in-depth analysis and forecast of the metalworking fluids market on a global as well as regional level. The report includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global metalworking fluids market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various application segments based on demand for metalworking fluids in each geographic segment. A combination of top-down and bottom-up approaches helps in validation of the quantitative data of the market. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

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Detailed analysis of various factors driving the global metalworking fluids market has been included for astute decision making. Impact of these drivers during the forecast period has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the metalworking fluids market during the forecast period.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the metalworking fluids industry, from raw material suppliers to end-users. Various processes employed in the manufacture of metalworking fluids have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share analysis includes the market share of dominant players in 2015, based on their production capacities and other factors. Furthermore, market attractiveness analysis has been conducted to analyze application segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each application segment.

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Based on application type, the metalworking fluids market has been segmented into removal fluids, forming fluids, protecting fluids and protecting fluids. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for metalworking fluids in each of its application segment has been analyzed and forecast for a period of eight years.

The report also comprises profiles of leading companies in the metalworking fluids market. These include Castrol Limited, Exxon Mobil Corporation, FUCHS, and Houghton. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Textile Auxiliaries Market 2016 Share, Trend, Segmentation and Forecast to 2024

Textile auxiliary is a group of textile chemicals used for various functions at different stages of textile processing. These stages include processes such as pre-treatment, dying, printing, and finishing. Textile auxiliaries are employed during textile processing to increase durability and esthetic appeal of textile products. Ability of textile auxiliaries to improve the functional properties of textile products has increased their utilization in the textile industry. Rise in production and consumption of textiles is expected to drive the global textiles auxiliaries market during the forecast period.

The global textile auxiliaries market can be segmented based on type, application, process type, and geography. In terms of type, the global textile auxiliaries market can be divided into type 1, type 2, and type 3. Based on application, the global textile auxiliaries market can be segregated into apparels, automotive textiles, geotextiles, home furnishing, industrial textiles, smart textiles for military & defense, and others.

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In terms of process type, the global textile auxiliaries market can be classified into pre-treatment, finishing, and dyeing & printing. The pre-treatment process prepares the fabric for finishing and dyeing. Most textile auxiliaries are used during this process. Ability of textile auxiliaries to improve the durability of fabric during the pre-treatment process is anticipated to propel their consumption in the pre-treatment processing stage of fabric during the forecast period.

Based on geography, the global textile auxiliaries market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The U.S. and Canada are estimated to propel the textile auxiliaries market in North America. The U.K., Germany, France, Russia, Spain, Italy, and Sweden are the leading countries in the textile auxiliaries market in Europe. Asia Pacific is the dominant region of the textile auxiliaries market. China, South Korea, Japan, India, Thailand, the Philippines, Malaysia, Bangladesh, Sri Lanka, and Singapore are likely to dominate the textile auxiliaries market in Asia Pacific, with India being a rapidly developing market. India accounts for major share of the textile auxiliaries market. Israel, Turkey, the UAE, Iran, Egypt, Nigeria, Ghana, Kenya, and Saudi Arabia are some of the leading countries in the textile auxiliaries market in Middle East & Africa. The textile auxiliaries market in Latin America is dominated by Brazil, Mexico, Peru, Chile, Colombia, and Argentina.

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Several players operate at the regional and global level in the textile auxiliaries market. Key players include Archroma, Abitec Corporation, Achitex Minerva spa, Air Products & Chemicals Inc., AkzoNobel N.V., Berkshire Hathaway (Lubrizol Corporation), Buckman Laboratories Inc., Chemipol (Kothari Group), Covestro, Dainichiseika Color & Chemicals Mfg. Co.Ltd., Dow Chemical Company, Formosa Organic Chemical Industry Co.Ltd., Genesee Polymers Corporation, Huntsman Corporation, KC Chemical (M) Sdn. Bhd., Kemira, Kiri Industries, K-Tech (India) Ltd., L.N. Chemical Industries, Lonsen, Omnova Solutions Inc., and Ultra Additives Munzing.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Propanol Market SWOT Analysis Of Top Key Player Forecasts To 2025

The global market for propanol features a fragmented vendor landscape due to the presence of several small and large companies in key regional markets, rendering it highly competitive, observes Transparency Market Research in a recent report. Focus on strategic collaborations, rising investment aimed at the development of bio-based products, and geographical expansion across high growth potential regional markets are some of the key strategies adopted by companies to strengthen their hold on the market.

Capacity expansion is another key growth strategy adopted by companies in the market. An instance is Oxea’s new propanol manufacturing unit in the Bay City, U.S. Construction of this unit, which is expected to run on a capacity of 40,000 mt/year of propionaldehyde and 100,000 mt/year of propanol, began in March 2017 and is expected to begin operating in 2018.

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Iso-propanol to Continue to Remain Most Consumed Type of Propanol Globally

In terms of type, the segment of iso-propanol dominated the global propanol market in 2016, accounting for more than 88% of the overall market in terms of revenue. The segment is anticipated to retain its dominance over the forecast period, chiefly owing to its usage in a wide range of applications. In terms of geography the Asia Pacific propanol market held the dominant share of nearly 45% of the global propanol market in terms of volume in 2016. The region is likely to exhibit healthy growth over the forecast period as well, with the vast rise in demand from cosmetics and pharmaceuticals industries in the region acting as the key driving force.

Thriving Cosmetics and Personal Care Industries to Drive Demand

The vast usage of propanol in the cosmetics and personal care industry is one of the key drivers of the global propanol market. Propanol finds usage as a solvent, antifoaming agent, viscosity decreasing agent, and fragrance ingredient in cosmetics and personal care products. It is also widely used in a variety of bath products, aftershave lotions, cleansing products, and hair and skin care products. With the global cosmetics and personal care products industry estimated to embark upon a healthy growth path in the next few years, projected to exhibit a promising 5% year-on-year growth over the next few years, the demand for propanol is expected to witness healthy rise.

Changing lifestyles, vast rise in disposable incomes, and increased awareness about used skincare products are expected to remain the key forces driving the cosmetics and personal care industries in the next few years. This is, in turn, expected to present vast growth opportunities for the global propanol market during the forecast period.

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Fluctuating Raw Material Costs to Hamper Growth Prospects

Of the key trends negatively impacting the overall development of the global propanol market, the rising preference of the cumene process for the production of acetone and the volatility in prices of propylene are expected to have the most significant impact. The production cost of acetone through the cumene process is lower than that of production from propanol, as it is coproduced with phenol. Usage in acetone production being one of the key application areas of propanol, the increased preference of acetone manufacturers to the cumene process is expected to affect profit margins of companies in the propanol market in the next few years.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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District Heating and Cooling Market 2016 Share, Trend, Segmentation and Forecast to 2024

The district heating and cooling (DHC) market report by Transparency Market Research provides in-depth analysis of the district heating and cooling market globally. The report segments the market on the basis of geography. The report analyzes the global district heating and cooling market in terms of both energy sales volume (Tera Joules) and revenues (US$ Mn) for the years 2016–2024. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024. The report also provides investment figures by DHC players in district heating and cooling generation (boilers and chillers) and distribution (pipes, pressure pumps, and valves). The report provides a comprehensive competitive landscape and features companies manufacturing district heating and cooling systems. This report includes the key dynamics affecting the district heating and cooling market globally. The analysis in the report provides detailed insights of the global district heating and cooling market. The drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report. The report also provides a detailed industry analysis of the global district heating and cooling with the help of the Porter’s Five Forces Analysis model.

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The research report is divided into the consumption, generation, and distribution segments and further broken into the components of each segment. DHC generation segment is further segmented into chillers and boilers. DHC distribution segment is further segmented into pipes, pressure pumps, and valves.

The district heating and cooling market has been segmented geographically into four regions and further into 16 unique country sub-segments. The regional segments are Europe, Asia Pacific, North America, and Rest of the World. The 16 countries which have been separately addressed in this report are the U.S., Canada, Mexico, Sweden, Austria, Germany, France, Finland, Poland, South Korea, Japan, China, India, Taiwan, and the GCC countries.

District heating systems dominated the global district heating and cooling market in terms of both energy sales volumes and revenues. In terms of DHC generation, boilers dominated the market across the globe. In terms of DHC distribution, pipes dominated the global market, followed by pressure pumps and valves.

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Asia Pacific held the major share of the global district heating and cooling (DHC) market in 2014, accounting for more than 50% of the global market share in terms of sales volume. Europe was the second-largest market for district heating and cooling systems, followed by North America in 2014. Rest of the World (RoW) held the fourth-largest share of the global district heating and cooling market in that year.

Asia Pacific held the major share of the global district heating (DH) market in 2014, accounting for more than 55% of the global market share in terms of sales volume. North America held the dominant share of the global district cooling (DC) market in 2014, accounting for more than 50% of the global market in terms of sales volume.

Some of the key market participants in the district heating and cooling market are ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed), KELAG Wärme GmbH, Keppel DHCS Pte. Ltd., Logstor A/S, Ramboll Group A/S, Shinryo Corporation, and Tekla Corporation. The report provides an overview of these companies, followed by their financial details (if available), business strategies, and recent developments. The district heating and cooling market has been segmented as follows:

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Thermochromic Materials Market SWOT Analysis Of Top Key Player Forecasts To 2025

Global Thermochromic Materials Market: Overview

Thermochromic materials are materials which can change its original color when exposed to temperature. These type of materials are used in various temperature sensing or indicating applications such as in baby spoons, decorative items, packaging for food & beverages, labelling, in textile as aesthetic appearances and other consumer goods. Thermo chromic materials are majorly comes under two types: Reversible and Irreversible.

This report provides detailed analysis and forecast of the thermochromic materials market on a global and regional level from 2017 to 2025. On the global level, the market has been segmented based on volume (Tons) and revenue (US$ Mn) from 2017 to 2025.Demand for thermochromic materials has been forecast in terms of volume (Tons) and revenue (US$ Mn) from 2017 to 2025 to provide in-depth understanding of the market at the regional level. The report includes drivers and restraints coupled with their impact on the market growth during the forecast period. Furthermore, the study encompasses various opportunities for growth of the market at the global and regional and country level.

The report thoroughly analyzes the value chain to provide detailed understanding of the market. Additionally, it covers Porter’s Five Forces Model, which offers an insight into the intensity of competition in the market. The study also comprises market attractiveness analysis, wherein various types are benchmarked based on their market size, growth rate, and general attractiveness.

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Global Thermochromic Materials Market: Research Methodology

We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk of our research efforts coupled with extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trade, Internet sources, and statistical data from government websites as well as associated and authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants’ insights, and recognizing opportunities and growth.

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Global Thermochromic Materials Market: Market Size and Segmentation

Inflation is not a part of pricing in this report. This report provides the size of the thermochromic materials market for 2016 and forecast for the next eight years. The global market size of thermochromic materials is presented in terms of volume and revenue. Market volume and revenue have been estimated and forecast in Tons and US$ Mn, respectively. Various key technologies and applications are taken into consideration to estimate market numbers.

Market size and forecast for each segment are provided in the context of global and regional markets. The market has been segmented based on various types. Each segment has been analyzed and forecast based on volume (Tons) and revenue (US$ Mn) from 2017 to 2025. Additionally, segments have been analyzed and forecast based on current trends at the global and regional level. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Demand has been analyzed and forecast based on current trends for the next eight years.

Global Thermochromic Materials Market: Key Players

The report includes profiles of leading companies such as OliKrom, Matsui International Company, Good Life Innovations Ltd., New Color Chemical Co., Ltd (NCC), Gem’innov, LCR Hallcrest, Smarol Industrial Co. Ltd, QCR Solutions Corp., CTI (Chromatic Technologies), Hali Industrial Co. Ltd., L’Arca Srl.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Bromine Market SWOT Analysis Of Top Key Player Forecasts To 2025

Global Bromine Market: Overview

Bromine is a chemical element with symbol Br and atomic number 35. It is the third-lightest halogen and it exists in the form of fuming red-brown liquid at room temperature. The commercial source of bromine is brine pools. Major producers of bromine are Israel, the U.S., and China. The mass of bromine in oceans is about 0.0033 times to that of chlorine.

The report estimates and forecasts the bromine market on the global and regional levels. The study provides forecast between 2017 and 2025 based on volume (tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage.

The study includes drivers and restraints for the Bromine market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the Bromine market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of Bromine and global average price trend analysis.

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Global Bromine Market: Segmentation

The study provides a comprehensive view of the bromine market by dividing it into application and geography segments. The applications are segmented into flame retardants, drilling fluids, biocides, catalysts, water treatment, and others. These segments have been analyzed based on historic, present, and future trends.

Regional segmentation includes the current and forecast consumption of bromine in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Market segmentation includes demand for consumption in all the regions individually.

Bromine has applications in brominated flame retardants, as clear brine fluids in drilling fluids, water treatment, biocides among others. The major application of bromine is observed in flame retardants, followed by drilling fluids as clear brine fluids. Clear brine fluids are industrial fluids used in various operations in the oil & gas industry such as completion, work-over, and drilling. Brominated flame retardants (BFRs) are effective in applications such as electronics, clothes, and furniture.

Major application of bromine is in the manufacturing of BFRs for textiles and polymer. However, the market for BFRs has been declining over a decade due to various regulations and legislation that either seek compliance with limited BFR content or ban the product altogether. The declining usage of bromine in flame retardants is acting as a major restraint to the bromine market.

Major usage of bromine in water treatment is in industrial water treatment and residential & commercial water purification. Bromine is used to prevent the formation and growth of algae, bacteria, and odors in the swimming water. Rise in adoption of water treatment chemicals is anticipated to keep the market prospects upbeat.

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Global Bromine Market: Competitive Analysis

The report includes Porter’s Five Forces Model to determine the degree of competition in the bromine market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for bromine market between 2017 and 2025.

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Israel Chemical Ltd. (ICL), Albemarle Corporation, Jordan Bromine Company Limited, and Gulf Resources Inc. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

Global Bromine Market: Research Methodology

Secondary research sources that were typically referred to include, but were not limited to, U.S. Geological Survey, British Geological Survey, World Mining Congress, U.N. Comtrade, Industrial Minerals, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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Wireless Power Transmission Market 2017 Share, Trend, Segmentation and Forecast to 2025

Some of the prominent participants in the global wireless power transmission market are Qualcomm Technologies, LG Electronics Inc., SAMSUNG ELECTRONICS Co., Ltd., Inc., Murata Manufacturing Co., Ltd., and Texas Instruments Inc. A key strategy leveraged by them is carefully-considered strategic alliances with global technology providers in the wireless power transmission market.

As per a report by Transparency Market Research, the global wireless power transmission market is slated to expand at a cracking pace by clocking a CAGR of 19.2% during the period between 2017 and 2025 to become worth US$17.15 bn by 2025 from US$3.6 bn in 2016.

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Affordability of Inductive Coupling makes it Dominant Segment

The global wireless power transmission market can be segmented based on different parameters such as range, technology, and application. On the basis of basis of technology, for example, it can be segregated into inductive coupling, resonant inductive coupling, and capacitive coupling, among others such as microwave, laser beam, radio frequency, etc. Currently, the segment of inductive coupling accounts for maximum share in the market owing to its relative affordability, reliability, and easy availability. In the years ahead too, the segment is slated to maintain its dominant share.

Depending upon geography, the key segments of the global wireless power transmission market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among them, Asia Pacific leads the market. In held 40.0% share in 2016. North America, however, is slated to overtake Asia Pacific in the years to come. In the next couple of years, allocation of substantial funds by governments of nations such as India, Japan, and South Korea for industrialization and urbanization projects is anticipated to create substantial opportunities in the wireless power transmission market in the region. Rising demand for consumer electronics such as smartphones and laptops, especially in India, South Korea, Japan, and China has contributed to an overall shift in market trends.

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Industrialization and Urbanization Stoke Market Growth

The overall standard of living has improved worldwide, thanks to the swift face of industrialization and rampant urbanization. “Demand for digitization and infrastructural development such as smart lightning, wireless charging roads for electric vehicles and bullet trains has been increasing significantly. This has propelled the usage of wireless power transmission technology, thereby encouraging wireless power transmission technology providers and system manufacturers across the globe to develop efficient products and solutions,” explains the lead analyst of the report.

Apart from the aforementioned growth driver, the global market for wireless power transmission is also being stoked by the increasing spending capacity of people worldwide, the high degree of suitability, operational efficiency, reduced maintenance cost, digitalization, growing infrastructural activities, and innovation of numerous technologies to form a complete wireless power transmission solution for various applications, such as consumer electronics, healthcare devices, and automotive.

One drawback in the wireless power transmission market is the initial cost of investment, which is high. The growing demand for wireless charging in consumer electronics, medical devices, and automotive industries is helping to overcome this challenge.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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