Biochar Market Demand Is Expected To Grow At A CAGR Of 12.15% From 2016 To 2025

Global Biochar Market is expected to reach USD 3.14 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing consumption of organic food has been a major factor driving market growth. In addition, growing awareness regarding the advantages of biochar as soil amendment is further supplementing demand for the global market.

Biochar is an emerging industry and the product is at its nascent stage. The product is expected to be a key factor for increasing agricultural productivity and crop yield in the near future. Its ability to enhance soil fertility and plant growth is expected to be a key factor on account of growing global population and rising demand for organic food.

Agriculture was the largest product category in 2015 and is expected to grow substantially over the forecast period. Farming was the major application segment in agriculture with a share of over 45% in 2015.

Application in agriculture segment is expected to observe the fastest growth over the next nine years with an estimated CAGR of around 13.4% from 2016 to 2025. Biochar is primarily used in agriculture to enhance soil fertility, improve plant growth, and provide crop nutrition. As a result, it, improves the overall productivity. It has also gained considerable popularity in livestock farming as an animal feed. The livestock sector is extremely crucial for biochar, especially in regions such as the North America and Europe where meat is important for human consumption.

Full Research Report on Global Biochar Market Analysis:
http://www.grandviewresearch.com/industry-analysis/biochar-market

Further key findings from the report suggest:

• The global demand exceeded 280 kilo tons in 2015 and is expected to grow at a CAGR of 12.15% from 2016 to 2025
• Agriculture emerged as the largest application segment in 2015 and is estimated to generate revenue over USD 2.44 billion by 2025
• Global demand in pyrolysis was USD 572.76 million in 2015 and is anticipated to witness staggered growth over the next nine years
• The U.S. biochar market in livestock was 24.9 kilotons in 2015 and is estimated to reach a total volume of over 78.8 kilotons by 2025
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to rising popularity of organic farming and increasing application in animal feed. Asia Pacific is expected to grow at a CAGR of 15.6% from 2016 to 2025
• Key players including Diacarbon Energy Inc, Vega Biofuels Inc. and Agri-Tech Producers, LLC have invested heavily in gasification technology and are expected to expand their production facilities over the forecast period. The market has also witnessed an increase in the number of pyrolysis equipment manufacturing companies such as Earth Systems and Clean Fuels B.V. In April 2014, Phoenix Energy announced construction of a biomass gasification facility in California, in order to strengthen its business presence.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers

Grand View Research has segmented the Global Biochar Market on the basis of technology, application and region:

Biochar Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2025)

• Pyrolysis
• Gasification
• Others

Biochar Application Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2025)

• Agriculture
• Livestock
• Farming
• Others
• Others

Biochar Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2012 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Sweden
• Denmark
• Asia Pacific
• Australia
• China
• India
• Japan
• Malaysia
• Central & South America
• Brazil
• Middle East & Africa 

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-biochar-market              

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Commercial Flooring Market Is Anticipated To Expanding At A CAGR of 6.0% From 2017 To 2025

Global Commercial Flooring Market is expected to reach approximately USD 47.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. Increasing number of corporate offices in emerging economies including China, India, and Mexico on account of regulatory inclination to promote the manufacturing output on a domestic level is expected to remain a key 

driving factor over the next eight years.

Furthermore, rising government spending towards improving education infrastructure through implementation of new schemes including Padhe Bharat Badhe Bharat and Utkarsh Bangla Scheme is expected to have a strong impact. These factors are considered to influence the consumption of construction materials including floor coverings in education sector and hence boost their market growth.

Education segment is expected to foresee volume growth at a CAGR of 5.9% from 2017 to 2025. Growing importance of modular tiles in education spaces for providing moisture resistance and excellent dust control characteristics is projected to have a positive impact on industry. In addition, high market visibility of carpets in developing countries including China and India on account of the presence of large number soft covering manufacturers on a domestic level is projected to have a positive impact.

Full Research Report on Global Commercial Flooring Market Analysis:
http://www.grandviewresearch.com/industry-analysis/commercial-flooring-market

Further key findings from the report suggest:

• The global commercial flooring market was 4,680.0 million square meters in 2016 and is expected to reach 7,903.4 million square meters by the end of 2025, expanding at a CAGR of 6.0% from 2017 to 2025.
• Wood & laminates are expected to foresee revenue growth at a CAGR of 7.0% from 2017 to 2025. Engineered wood, alternately called as composite wood consist of a number of wood products manufactured by binding particles, fibers, veneers, and strands of wood, which are joined with adhesives to form composite materials. These products are modeled to supreme design requirements as per the specifications of end user or client and are tested to meet international and national standards
• Asia Pacific is projected to foresee volume growth at a CAGR of 6.9% from 2017 to 2025. Regulatory support aimed at promoting investments in manufacturing sectors of China and India is expected to increase the number of commercial spaces and thus likely to fuel the demand for floor covering in the near future.
• Key commercial flooring manufacturers include Mannington Mills, Tarkett, Flowcrete, James Halstead, Nora, Milliken Floor Covering, Novalis, Tajima, Tkflor, NOX Corporation, and Toli flooring. Product innovation through introduction of new designs is expected to remain a key critical success factors for floor covering vendors.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Commercial Flooring Market on the basis of product, application, and region:

Commercial Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• Soft Coverings

·         Soft covering market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Resilient Flooring

·         Resilient flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Non-resilient Flooring

·         Non-resilient flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Seamless Flooring

·         Seamless flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

·         Wood & Laminates

·         Wood & laminates flooring market by application

§  Healthcare

§  Education

§  Leisure & Hospitality

§  Retail

§  Commercial Buildings

§  Public Buildings

Commercial Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

·         Healthcare

·         Education

·         Leisure & Hospitality

·         Retail

·         Commercial Buildings

·         Public Buildings

Commercial Flooring Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Ireland
• Belgium
• Turkey
• Asia Pacific
• China
• India
• Hong Kong
• Singapore
• Japan
• Central & South America
• Middle East & Africa (MEA)

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/commercial-flooring-market          

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Electric Motor Sales Market Is Expected To Grow At A CAGR Of 4.2% From 2017 To 2025

Global Electric Motor Sales Market is expected to reach USD 155.3 billion by 2025, according to a new report by Grand View Research, Inc. An electric motor is the most important component used in the manufacturing of Heating, Ventilating, and Cooling (HVAC) equipment, motor vehicles, and other home appliances. Currently, the demand for electric motors is gaining traction, owing to the technological advancements and advent of better insulation materials that have improved efficiency and operational life of the motors.

The market is further driven by the increasing demand for energy-efficient motors, which are costly 

as compared to conventional motors. However, long-term environmental advantages, such as reduction in cost of energy consumed, offered by them outweigh their initial high cost. The demand for these motors can be ascribed to factors such as the rising fuel prices.

Improving standards of living and rising income levels are also anticipated to spur the production of motor vehicles and electronic appliances, globally. Additionally, the use of electric motors minimizes financial burden on governments and consumers by reducing the consumption of electricity. Owing to the aforementioned factors, these motors are estimated to witness a huge demand, mainly from industrial users, in the replacement market over the next few years.

The industry is characterized by regulatory policies and government initiatives that promote energy efficiency in machines and equipment. High-efficiency & output, low power consumption, increased operational life, and low maintenance costs are the benchmarks for electric motors, among customers. Technological innovations have introduced improved design, components, and product specifications for meeting end-user requirements. Innovations and evolving policy frameworks are crucial for industry development, and will play a key role in driving demand over the forecast period.

Full Research Report on Global Electric Motor Sales Market Analysis: http://www.grandviewresearch.com/industry-analysis/electric-motor-market

Further key findings from the report suggest:

• The global electric market was valued at over USD 70 billion in 2015 and is expected to grow at a CAGR of 4.2% from 2017 to 2025, owing to rising automation, increase in motor-driven household appliances, increase in automobile production, growing agricultural sector, and transition toward energy-efficient motors
• The AC motor type was the largest segment in 2016 and is estimated to generate over USD 70 billion by 2025, owing to its extensive use across application areas such as irrigation pumps and robotics
• Fractional horsepower motors are widely used in household appliances such as vacuum cleaners, coffee machines, and refrigerators; however, integral horsepower motors are anticipated to witness fastest growth over the coming years
• The motor vehicles segment was valued over USD 30 billion in 2016 and is estimated to dominated the market, owing to increase in electric vehicle production across the globe
• The Asia Pacific region is projected to witness the highest as well as the fastest growth over the forecast period, owing to the increasing production and sales of electric vehicles
• The key players, including Allied Motion Technologies, Inc., Ametek, Inc., Siemens, Baldor Electric Company, Inc., Johnson Electric Holdings Ltd., Rockwell Automation, Franklin Electric Co., and Asmo Co., Ltd., dominated the global electric motor sales market in 2016

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the Global Electric Motor Sales Market based on motor types, power outputs, applications, and regions:

Motor Type Outlook (Revenue, USD Billion, 2014 - 2025)

• AC Motor (Revenue, USD Billion, Volume Billion Units; 2014 - 2025)
• Synchronous AC Motor
• Induction AC Motor
• DC Motor (Revenue, USD Billion, Volume Billion Units; 2014 - 2025)
• Brushed DC Motor
• Brushless DC Motor
• Hermetic Motor

Power Output Outlook (Revenue, USD Billion, 2014 - 2025)

• Integral HP Output
• Fractional HP Output

Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Latin America and Middle East & Africa (LAMEA)

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-electric-motor-market            

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

North America Dietary Supplements Market Is Segmented On The Basis Of Ingredient, Product, Application, End-Use, And Region 2014-2025

North America Dietary Supplements Market is expected to reach USD 68.22 billion by 2025, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding proper weight management and improvement of muscular strength is likely to boost the demand of nutrients such as vitamins, minerals, and enzymes in North America, over the years ahead. 

Consumers belonging to all age groups are focusing on enhancing their diet intake through utilization of nutritional food ingredients, owing to increasing publicity through media houses and e-commerce portals is expected to promote the scope of nutraceuticals including dietary supplements.

Leading corporates including Microsoft, IBM, ExxonMobil, AT&T, GM, and GSK have increased expenditure for the development of gymnasiums and fitness centers in their commercial offices. As a result, the health & wellness segment is expected to witness a noteworthy increase that is ultimately expected to play a crucial role in promoting the use of dietary supplements over the forecast period.

Full Research Report on North America Dietary Supplements Market Analysis: http://www.grandviewresearch.com/industry-analysis/north-america-dietary-supplements-market

Further key findings from the report suggest:

• In terms of revenue, minerals segment is estimated to be one of the fastest growing segments and is likely to expand at a CAGR of 6.7% over the forecast period, owing to significant usage of mineral-based dietary supplements in the U.S. and Canada
• Liquid product segment is expected to provide considerable scope for market growth and is estimated to account for a revenue of USD 10.40 billion by 2025, as a consequence of rising clinical nutrition products demand for prevention of malnutrition
• Medicinal supplements application constituted a revenue of USD 6.40 billion in 2016 and is likely to expand at a robust growth rate by 2025, owing to rising health risks pertaining to cardiovascular, obesity, and gastrointestinal disorders
• Mexico is projected to witness fastest industry growth during the forecast period, owing to rising usage of ingredients such as botanicals and vitamins among children, infants, and adult age groups
• Amway Corporation, Pfizer Inc., NBTY, Inc., and Herbalife International are the key players that collectively accounted for over 15% market share of the global industry in 2016
• Companies are focusing on strengthening their presence as key players, by forward integrating their business operations across the value chain and through implementing strategies such as distribution agreements and new product launches. In April 2016, Amway Corporation launched a new sports nutrition product line to cater to the regional demand.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements

Grand View Research has segmented the North America Dietary Supplements Market on the basis of ingredient, product, application, end-use, and region:

Ingredient Outlook (Revenue, USD Million; 2014 - 2025)

• Botanicals
• Vitamins
• Minerals
• Amino Acids
• Enzymes
• Others

Product Outlook (Revenue, USD Million; 2014 - 2025)

• Tablets
• Capsules
• Powder
• Liquids
• Soft Gels
• Gel Caps

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Additional Supplements
• Medicinal Supplements
• Sports Nutrition

End-use Outlook (Revenue, USD Million; 2014 - 2025)

• Infants
• Children
• Adults
• Pregnant Women
• Old-aged

Region Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/north-america-dietary-supplements-market-analysis            

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Pea Protein Market Is Expected To Rise At A CAGR Of 17.4% From 2017 To 2025

Global Pea Protein Market is expected to reach USD 313.5 million by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of gluten-free products for treatment of celiac disease is expected to boost the pea proteins demand during the forecast period.

Rising concerns over non-celiac gluten sensitivity is expected to result in rising consumption of gluten-free foods and is hence anticipated to positively impact the industry growth. Furthermore, the popularity of maintaining a gluten-free diet (GFD) owing to reduced carbohydrate intake and stimulation of weight loss is anticipated to propel the use of pea proteins over the forecast period.

Increasing importance of maintaining a GFD in treating innate immune response, joint pain, and numbness is foreseen to fuel the product demand in the future. Furthermore, this diet is gaining popularity as an effective treatment for curing symptoms of autism in children. This in turn is expected to drive the pea protein demand over the forecast period.

Significant prevalence of lactose intolerance among infants and children in developing regions such as Central & South America, Asia Pacific, and Middle East & Africa is projected to be another significant driver of the industry growth. Pea protein is one of the highly preferred non-dairy substitutes, as it is characterized by good amino acid profile and is easily digestible. These attributes make the product favorable for use in various food & beverage products such as protein fortified health drinks and sports nutritional foods.

Full Research Report on Global Pea Protein Market Analysis: http://www.grandviewresearch.com/industry-analysis/pea-protein-market

Further key findings from the report suggest:

• In terms of volume, bakery goods application is expected to rise at a CAGR of 13.6% from 2017 to 2025, owing to the utilization of pea protein as a fibrous and gluten-free product
• Pea concentrates accounted for a revenue share of 27.2% in 2016. These products comprise 70-80% of protein content and are favorably used in energy drinks and fruit mixes applications
• The growth of the food & beverage industry in Brazil, India, China, and Mexico as a consequence of increasing domestic consumption coupled with the adoption of modern farming technology is expected to drive the industry growth in the near future
• Companies are focusing on enhancement of their business growth through significantly investing in research & development, new product launches, and forward integration. Farbest and Roquette America have forward integrated business operations as they are engaged in the production as well as supply operations.
• In October 2014, Comax Flavors launched a new pea protein masking range of food additives owing to minimize or reduce the unpleasant flavor in the processed goods
• In April 2014, Carmit Candy Industries launched a wafer snack bar fortified with a dark chocolate coating and containing pea protein aimed at eliminating the pea protein flavor

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements

Grand View Research has segmented the Global Pea Protein Market on the basis of product, application, and region:

Pea Protein Product Outlook (Volume, Tons; Revenue, USD Thousand; 2014 - 2025)

• Isolates
• Concentrates
• Textured

Pea Protein Form Outlook (Volume, Tons; Revenue, USD Thousand; 2014 - 2025)

• Dry
• Liquid

Pea Protein Application Outlook (Volume, Tons; Revenue, USD Thousand; 2014 - 2025)

• Meat extenders & analogues
• Bakery Goods
• Dietary Supplements
• Beverage
• Others

Pea Protein Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

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

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-pea-proteins-market           

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Flow Chemistry Market Is Likely To Witness Considerable Growth Owing To Rising Penetration Of The Product In Pharmaceuticals 2014-2025

Global Flow Chemistry Market is expected to reach a market size of USD 2.39 billion by 2025, according to a new report by Grand View Research, Inc. Increasing focus towards cost effectiveness, safety, and environmental regulations are expected to have a positive impact on the demand over the forecast period.

The flow chemistry involves a continuous flow of chemical processes in order to develop intermediate chemicals that are complex to achieve through the batch manufacturing process. High control over factors such as reaction time, temperature, flow, pumped volumes, and pressure allows increased safety levels in the process.

Full Research Report on Global Flow Chemistry Market Analysis:
http://www.grandviewresearch.com/industry-analysis/flow-chemistry-market

Further key findings from the report suggest:

• Petrochemicals accounted for a significant market share and is expected to witness a CAGR of over 9%, in terms of revenue on account of highly favorable conditions for the ethylene and polyethylene manufacturers in North America
• Pharmaceutical industry is expected to witness the fastest growth over the forecast period on account of high flexibility in choice of the solvents as well as temperature & pressure conditions, thereby resulting in high purity product
• Continuous stirred tank reactor segment is expected to grow at a CAGR of over 8% from 2015 to 2025 on account of its high penetration in industrial processing
• Asia Pacific is expected to witness a CAGR of over 11% from 2016 to 2025 on account of rapidly growing investment in pharmaceutical and chemical manufacturing in China and India
• The flow chemistry industry in Central & South America is majorly driven by rapid urbanization and rising demand for generic drugs
• In February 2016, Chemtrix appointed Central Scientific Commerce as its distributor in Japan in order to facilitate direct reactor sales and customer support to the R&D and production communities in the economy
• In November 2015, Biotage AB opened a demonstration & application lab in Sweden which facilitated further research across all the product lines of the company

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Global Flow Chemistry Market on the basis of application, reactor, and region:

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Pharmaceuticals
• Chemicals
• Academia & Research
• Petrochemicals
• Others

Reactor Outlook (Revenue, USD Million; 2014 - 2025)

• CSTR
• Plug Flow Reactor
• Microreactor
• Microwave System
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

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

Access Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/flow-chemistry-market-size-share             

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Cards Market Is Estimated To Grow At A CAGR of 7.9% During Forecast Period 2014-2025

Global Smart Cards Market is predicted to reach USD 15.4 billion by 2025, according to a new study by Grand View Research, Inc. The increasing demand for the product, across various applications, such as payment transactions, cell phones, ID verification & access controls, is presumed to favor the market growth over the forecast period. Smart cards are used in several applications including the retail, healthcare, government, and hospitality sectors, promoting the market demand over the forecast period by providing effective data storage, efficient payment transactions, and faster processing time.

The increasing use of smart cards in the telecommunication and BFSI segments is expected to drive the market over the next nine years. Their implementation in retail applications enables secure transactions and provides new opportunities to the market.

Smart cards are extensively used to enable secure payment transactions and to promote cashless payments, thereby, enabling cost savings for payment merchants and offering convenience to the consumers. The use of mobile phones and IoT devices has further promoted the use of SIM & data chips thereby driving the demand for the product. These devices are increasingly used in retail applications to enable faster transactions and reduce the checkout time. These advantages are enabling growth of the industry at a significant rate, over the next nine years.

Full Research Report on Global Smart Cards Market Analsysis:
http://www.grandviewresearch.com/industry-analysis/smart-card-industry

Further key findings from the study suggest:

• The telecommunication application segment dominated the overall market in 2015 and accounted for over 46% of the market in the same year
• The contact cards segment was a key segment in 2015 and accounted for over 65% of the overall industry revenue
• Contact cards provide ease of transactions, owing to their low costs and low handling-charges. Contactless cards are also expected to grow, significantly, due to the elimination of physical card insertion and better security.
• The microcontroller-based segment accounted for over 70% of the overall smart cards market in 2015
• The Asia Pacific region is expected to significantly contribute to the industry growth and accounted for over 45% of the global industry revenue in 2015
• The key industry participants include American Express Company, Atos SE, CPI Card Group, Gemalto NV, Giesecke & Devrient (G&D) GmbH, Infineon Technologies AG, Inside Secure SA, NXP Semiconductors NV, and Texas Instruments, Inc.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Smart Cards Market based on type, component, application and region:

Smart Cards Type Outlook (Revenue, USD Million; 2014 - 2025)

• Contact cards
• Contactless cards
• Multi-component cards

Smart Cards Component Outlook (Revenue, USD Million; 2014 - 2025)

• Memory-based
• Microcontroller-based

Smart Cards Application Outlook (Revenue, USD Million; 2014 - 2025)

• BFSI
• Government
• Telecommunications
• Retail
• Healthcare
• Hospitality
• Others

Smart Cards Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• Europe
• Russia
• Asia Pacific
• Rest of the world

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-smart-card-market        

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com