Smart Fitness Devices Market Analysis Report Forecasts Revenue And Volume Growth At Global, Regional And Country Levels 2014-2025

Global Smart Fitness Devices Market is expected to reach USD 29.4 billion by 2025, according to a new report by Grand View Research, Inc. The smart fitness devices market has witnessed a rising demand among the growing urban population in a bid to enhance their fitness goals. Advantages such as accessing fitness activities data in remote and real-time operations have resulted in an increased penetration of the market. Additionally, there are tremendous opportunities for advancements in the smart fitness devices owing to the increasing usage of smartphones and enhanced internet accessibility, which, in turn, would fuel the growth of smart fitness market. The growing adoption of the smart fitness devices to keep track of sleep, steps, calories, heart rate, and other bodily stats is anticipated to revolutionize the market by 2025.

The smart fitness devices market has been segmented based on product into the smartwatch, wristband, smart clothing, smart shoes, bike computers, and others. Based on types, the market has been segmented into head-wear, torso-wear, hand-wear, leg-wear, and bike mount. The hand-wear segment is the biggest segment in terms of size and is expected to dominate the market over the forecast period. This growth may be attributed to the high demand of wristbands and smartwatches. The torso-wear segment is anticipated to experience a notable shift in its growth owing to the rising demand for smart clothing.

The growing awareness and popularity of smart fitness products are encouraging producers to invest in research & development for creating better products. Manufacturers are making massive investments to develop several new products in order to enhance user experience. Researchers are focusing on developing cost-effective and reliable products.

Full Research Report on Global Smart Fitness Devices Market Analysis:
http://www.grandviewresearch.com/industry-analysis/smart-fitness-devices-market

Further key findings from the report suggest:

• The growing demand for smart fitness devices market can be accredited to the increasing demand among individuals for keeping track of various body parameters such as heart rate, sleep, steps taken, calories burned, and others.
• The growing penetration of Internet of Things (IoT) and enhanced internet accessibility, which helps to direct digital controls for improved Machine-to-Machine (M2M) communication, have encouraged users to adopt smart fitness devices.
• The increase in adoption of wireless technology, sensor technology, miniaturized hardware, cloud services, and smartphone have enabled smart fitness market to emerge as a new promising consumer segment.
• The North American region accounted for the largest market share in 2016, which may be attributed to its large consumer base.
• Key industry participants include Apple Inc. (U.S.), Fitbit Inc. (U.S.), Garmin Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Xiaomi Inc. (China).

View more reports of this category by Grand View Research at:
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Grand View Research has segmented the Global Smart Fitness Market based on products, types, and regions:

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

• Smartwatch
• Wristband
• Smart Clothing
• Smart Shoes
• Bike Computers
• Others

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

• Head-wear
• Torso-wear
• Hand-wear
• Leg-wear
• Bike mount

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

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

View Press Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-smart-fitness-devices-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

Pyrogen Testing Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Pyrogen Testing Market is expected to reach a value of USD 1.9 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for therapeutic drugs including pharmaceuticals, biopharmaceuticals, and biologics is the major factor that propels growth of the market during forecast period. Pyrogen is a toxic molecular substance that causes fever if induced in animal or human body. Pyrogen testing is used by pharmaceutical, biopharmaceuticals, biotechnology, and medical devices companies to confirm the absence of pyrogen. Thus, the companies use various methods such as LAL, in vitro pyrogen, and rabbit test to ensure the quality of products.

Increasing prevalence of chronic diseases, is another foremost factor supporting the growth of the pyrogen testing market. The prevalence of chronic diseases is very high in developed countries and is growing at high pace in developing countries including China and India. Different factors such as unhealthy diet, smoking, alcohol consumption, and lack of exercise leads to occurrence of chronic diseases such as cancer, cardiovascular diseases, diabetes, and chronic respiratory diseases.  Hence, there is a growing demand for therapeutic drugs and medical devices for the treatment of such diseases, which in turn is projected to fuel the demand for pyrogen testing to ensure the quality of products including drugs and devices.

Full Research Report On Global Pyrogen Testing Market Analysis:
http://www.grandviewresearch.com/industry-analysis/pyrogen-testing-market

Further key findings from the study suggest:

• Consumables was the largest revenue grossing segment of the pyrogen testing market in 2016, owing to the large application of pyrogen testing kits and reagents along with its repetitive purchase
• Instruments segment accounted for the remarkable share in the market in 2016 and is also expected to showcase significant growth during forecast period, owing to rising demand for pharmaceutical, biologics, and medical devices for treatment and diagnosis
• The pharmaceutical and biotechnology companies segment dominated the pyrogen testing market in terms of revenue in 2016, due to the large production of therapeutic drugs and growing investment in R&D by companies for drug development
• North America is the leading regional market and accounted for the largest revenue share in 2016 primarily due to the existence of large number of healthcare companies including pharmaceuticals and medical devices in this region
• The Asia Pacific region is anticipated to be the fastest growing market during the study period. The growing prevalence rate of chronic diseases in the Asian countries including India and China, is a major factor contributing to the expansion of market in this region.
• Some major players serving this vertical include Charles River Laboratories, Inc.; Ellab A/S; Merck KGaA; GenScript; Hyglos GmbH; Lonza; Thermo Fisher Scientific, Inc.; Associates of Cape Cod, Inc.; and Pyrostar

View more reports of this category by Grand View Research at:
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Grand View Research has segmented the Global Pyrogen Testing Market on the basis of product, test type, end-use, and region:

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

• Consumables
• Instruments
• Services

Pyrogen Testing Test Type Outlook (Revenue, USD Million; 2014 - 2025)

• LAL test
• Chromogenic test
• Turbidimetric test
• Gel clot test
• In vitro pyrogen test         
• Rabbit test

Pyrogen Testing End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Pharmaceutical and biotechnology companies
• Medical devices companies
• Others

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

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/pyrogen-testing-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

Acetic Acid Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2012-2022

Global Acetic Acid Market is expected to reach USD 13.31 billion by 2022, according to a new study by Grand View Research, Inc. Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. Growing demand for VAM which is used as a precursor for manufacturing EVA and EVAc coupled with an increasing consumption of these downstream chemicals in the formulation of solvents and adhesives is expected to drive acetic acid market. Acetic acid is also used as a key ingredient in vinegar. Rising demand for vinegar owing to numerous health benefits associated with it is expected to augment market growth over the forecast period.

Acetic acid demand for manufacturing VAM exceeded 3,600 kilo tons in 2014 and the segment is projected to grow at a CAGR of over 4% from 2015 to 2022. Vinyl acetate monomer (VAM) is used in production of various adhesives and water based paints. Rising demand for industrial coatings and paints on account of growing infrastructure, specifically in emerging economies including China, Brazil and India, is a key factor for the growth of (VAM) over the forecast period.

Full Research Report on Global Acetic Acid Market Analysis:
http://www.grandviewresearch.com/industry-analysis/acetic-acid-market

Further key findings from the study suggest:

• China was the largest market for acetic acid in 2014 alone accounting for over 40% of the global volume demand. Presence of a robust manufacturing hub in the region has been one of the primary factors for the high demand of acetic acid over the past few years. In addition, positive outlook regarding expansion of the manufacturing industry in the region is expected to maintain dominance of China within the global acetic acid market over the forecast period.
• Asia Pacific was the second largest market for acetic acid, with India and Japan dominating the regional market. Asia acetic acid market is projected to grow at a CAGR of over 10.0% over the forecast period and is estimated to reach a value of over USD 3.0 billion by 2022.
• PTA is expected to be the fastest growing application segment within the global acetic acid market, owing to the increasing demand for polyester from the textile and packaging end-use industries. Global acetic acid demand for PTA exceeded 2,500 kilo tons in 2014 and is expected to be over 3,800 kilo tons by 2020, growing at a CAGR of over 5.0% from 2015 and 2022.
• Key players present in the global acetic acid market include Celanese, Jiangsu Sopo (Group) Co., BP, Eastman Chemicals, DuPont, BASF and Wacker Chemie. The market is highly fragmented in nature owing to the presence of numerous manufacturers with various scales of production capacities.

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

For the purpose of this study, Grand View Research has segmented the Global Acetic Acid Market on the basis of application and region:

Global Acetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• VAM
• Acetic anhydride
• Acetate esters
• PTA
• Others

Global Acetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• North America
• U.S.
• Europe
• Germany
• China

• Asia Pacific (excluding China)
• India
• Japan
• Latin America
• Brazil
• MEA

View Press Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-acetic-acid-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

Polyimide Films Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Polyimide Films Market is anticipated to reach USD 3.12 billion by 2025, according to a new report by Grand View Research, Inc. Revolutionary advancements in the aerospace and automobile industry with regards to high-end quality products is expected to drive the growth of this market.

The flexible printed circuit (FPC) emerged as the largest and fastest-growing application in the global polyimide films market. They are used in the manufacturing of flexible printed circuit board in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems.

Polyimide film has many applications in electronics, automotive, aerospace, and labeling & labels industry. Many new product launches have enabled consumers to pick their choice of product from a wide range of options. The widening of product distribution channels has made these products readily available to the consumer.

Full Research Report On Global Polyimide Films Market Analysis:
http://www.grandviewresearch.com/industry-analysis/polyimide-film-market

Further key findings from the report suggest:

• The global polyimide films market was estimated at USD 1,492.3 million in 2016 and is projected to grow at a growth rate of 8.6% from 2017 to 2025
• The flexible circuit board sector occupied the largest market share in 2016 on account of its widespread use in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems
• FCB has many automotive applications ranging from dashboard to engine management, and ABS control systems
• Wire & cables are used in various application where high tensile strength, solvent resistance, flammability and electrical resistivity is required
• Electronics end-use segment is growing with the fastest growth rate owing to strong demand for consumer electronics and increase in electrical components in automobile
• The aerospace segment accounted for 26.1% of the global revenue and is projected to witness the second highest CAGR over the forecast period
• Growing disposable income and investment in innovative devices is anticipated to boost the demand in the electronics segment
• Increasing investment from government & private institutions in the automotive and aerospace & defense industry is projected to contribute to the demand over the coming years
• Key players include E. I. Du Pont De Nemours and Company, Saint-Gobain, Von Roll Holding AG, Kaneka Corporation and Arakawa Chemicals Industries
• Research & development activities, new product launches, acquisition and mergers and technological collaborations are some of the strategic initiatives taken up by leading companies

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 Polyimide Film Market on the basis of application, end-use, and region:

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

• Flexible printed circuit
• Wire & cable
• Pressure sensitive tape
• Specialty fabricated product
• Motor/Generator

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

• Electronics
• Aerospace
• Automotive
• Labeling
• Others

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

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

View Press Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-polyimide-film-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

Precision Farming Market Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Precision Farming Market is anticipated to reach USD 10.23 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming, also known as site-specific crop management or satellite farming, is a concept of farm management that uses information technology to ensure optimum health and productivity of the crops. The precision farming technique largely depends on specialized equipment, IT, and software services. Furthermore, this farming technique involves a broad range of technologies including bio-engineering, robotics & automation, imagery & sensors, and big data, as well as digitization. The adoption of site-specific crop management would reduce the cost of nitrogen fertilizers, improve crop yields, reduce the usage of pesticides, provide better farm records that are essential for sale, and provide better information for management decisions.

The growing application of telematics in agriculture is anticipated to drive the demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. It also offers a real-time view of the position, coolant temperature, ground speed, and the duration before which maintenance is required. Major agriculture equipment manufacturers are adopting telematics services for their equipment in order to improve farm efficiency.

Improving the efficiency of agricultural machinery reduces the cost of agricultural operations and maximizes profitability. Additionally, good management might reduce the environmental impact. Farmers are increasingly using telematics technology to collect and manage information from their field equipment.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the demand in the precision farming market.

Trimble Ag Software’s Connected Farm uses cellular and wireless technology to transfer data. Furthermore, the company uses Farm Works software to manage data transferred from the farm equipment. Raven Industries, Inc. provides a telematics service called Slingshot. It uses cell phone networks to offer data transfer, real-time kinematic GPS correction signals, and real-time technical support in the fields. Additionally, Slingshot allows users to track the vehicle’s location.

However, the lack of technology adoption among farmers is likely to restrain the market growth over the forecast period. The lack of standards and limitations on the exchange of data between the systems limits the adoption of modern agricultural machinery of different brands and companies. Furthermore, farmers lack independent consulting and advisory services owing to the lack of validated agronomic models for Variable Rate Technology (VRT) to make a decision on investments. Additionally, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to take decisions.

Full Research Report on Global Precision Farming Market Analysis:
http://www.grandviewresearch.com/industry-analysis/precision-farming-market

Further key findings from the report suggest:

• The increasing government support for adopting modern agricultural techniques and the growing need for monitoring crop health for yield production are expected to drive the market demand.
• The services segment is expected to portray a significant growth rate over the projected period, growing at a CAGR of 16.0%.
• The cloud-based software model is anticipated to gain market share over the projected period as it reduces energy consumption and large data storage, and facilitates cost saving.
• Innovations in GPS mapping and related applications concerning farms are helping farmers to operate more efficiently and increase their profit margins.
• Drones are expected to witness enormous growth in the agriculture field as they are increasingly used in monitoring irrigation systems.
• Soil monitoring is a major application of the yield monitoring segment as it is used to detect soil properties to increase the yield.
• Digital revolution in the agricultural sector along with government financial incentives to farms is likely to drive the demand in the European precision farming market in the coming years.
• The key players of the precision farming market include Agribotix LLC (U.S.), Deere & Company (U.S.), SST Development Group, Inc. (U.S.), Farmers Edge, Inc. (Canada), and Granular, Inc. (U.S.), among others

View more reports of this category by Grand View Research at:
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Grand View Research has segmented the Global Precision Farming Market based on offering,
application, and region:

Precision Farming/Agriculture Offering Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware

·         Automation & control systems

§  Drones

§  Application control devices

§  Guidance systems

·         GPS

·         GIS

§  Remote sensing

·         Handheld

·         Satellite sensing

§  Driverless tractors

§  Mobile devices

§  VRT

·         Map-based

·         Sensor-based

§  Wireless modules

·         Bluetooth technology

·         Wi-Fi technology

·         Zigbee technology

·         RF technology

·         Sensing devices

§  Soil sensor

·         Nutrient sensor

·         Moisture sensor

·         Temperature sensor

§  Water sensors

§  Climate sensors

§  Others

·         Antennas/access points

·         Software

·         Web-based

·         Cloud-based

·         Services

·         System integration & consulting

·         Maintenance & support

·         Managed services

§  Data services

§  Analytic services

§  Farm operation services

·         Assisted professional services

§  Supply chain management services

§  Climate information services

Precision Farming/Agriculture Application Outlook (Revenue, USD Million, 2014 - 2025)

• Yield monitoring
• On-farm
• Off-farm
• Field mapping
• Crop scouting
• Weather tracking & forecasting
• Irrigation management
• Inventory management
• Farm labor management

Precision Farming/Agriculture Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Russia
• Asia Pacific
• China
• Japan
• India
• Australia
• South America
• Brazil
• Middle East and Africa (MEA)

View Press Release Of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-precision-farming-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

Diabetes Devices Market Quantitative Analysis By Market Size, Estimates, And Forecast From 2013-2024

Global Diabetes Devices Market is expected to reach USD 35.5 billion by the year 2024, according to a new report published by Grand View Research, Inc. Major drivers of the market include the growing number of diabetic patients owing to the sedentary lifestyles and unhealthy food habits. The growing demand for the advanced and minimally invasive, diagnostic as well as monitoring devices is expected to propel the market growth during the forecast period.

The rising awareness with regard to the technologically advanced monitoring tools, such as the continuous glucose monitor, is a crucial factor expected to spur the growth of the market. The demand for affordable monitoring devices in the developed as well as the less-developed countries is expected to propel the market growth of products, such as glucose test strips.

The existence of relatively smooth product approval procedures in most of the developed countries including the U.S and European countries are expected to boost the insulin devices market. The rising popularity of the compact, easy to carry monitoring devices, and the introduction of minimally invasive, highly efficient devices is expected to drive the market growth at a lucrative rate. However, the disparity in the reimbursement policies is primarily challenging the overall growth of this market.

Full Research Report on Global Diabetes Devices Market Analysis
http://www.grandviewresearch.com/industry-analysis/diabetes-devices-market

Further key findings from the study suggest:

• The demand for the diabetes devices is expected to surge owing to the factors such as the constantly increasing geriatric population prone to diabetes, the government initiatives taken to support better management of diabetes, and the growing awareness regarding diabetes devices
• In 2015, the test-strips sub-segment captured the largest market share in the blood glucose monitoring and diagnostic devices segment. The insulin pens accounted for the largest share of the insulin delivery devices segment. The global diabetes devices market is expected to reach USD 35.4 billion in 2024.
• The monitoring and diagnostic devices segment captured the largest market share of the overall market in 2015. The segment accounted for around 71% of the total market owing to repeat purchases.
• The monitoring and diagnostic devices segment is expected to maintain its dominance during the forecast period owing to the introduction of technologically advanced products coupled with the high adoption of these products in the near future
• North America captured the largest market share of around 32% in the year 2015. The domination of the market is expected to continue with a CAGR of 5.9%. The growing diabetic population, the availability of technologically advanced devices, and the presence of skilled professionals are the factors contributing to the growth of the market in North America.
• Asia Pacific is the fastest growing segment of the market. Countries, such as China and India are expected to show a swift growth owing to the high prevalence of diabetes, the rising awareness regarding commercially available devices, and the growing disposable income in these countries
• The key players in diabetes devices market include Abbott Laboratories, Inc., Bayer Healthcare AG, Johnson& Johnson, F. Hoffmann La-Roche Ltd., Becton Dickinson and Company, Medtronic, Inc., Novo Nordisk A/S, and Sanofi. 

View more reports of this category by Grand View Research at:
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Grand View Research has segmented the Global Diabetes Devices Market on the basis of device, type, and geography.

Diabetes devices market by product, revenue, (USD Million), 2013 - 2024

• Self-Monitoring and Diagnostic Devices
• Lancets
• Analogue glucose monitor
• Continuous glucose monitor
• Test Strips
• Insulin Delivery Devices
• Syringes
• Pens
• Pumps
• Injectors 

Diabetes devices market by region, revenue, (USD Million), 2013 - 2024

• North America
• U.S. Diabetes Devices Market, by Device Type
• Canada Diabetes Devices Market, by Device Type
• Europe
• U.K. Diabetes Devices Market, by Device Type
• Germany Diabetes Devices Market, by Device Type
• Asia Pacific
• China Diabetes Devices Market, by Device Type
• India Diabetes Devices Market, by Device Type
• Latin America
• Brazil Diabetes Devices Market, by Device Type
• Mexico Diabetes Devices Market by Device Type
• MEA
• South Africa Diabetes Devices Market, by Devices Type

View Press Release Of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-diabetes-devices-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

Fuel Cell Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Fuel Cell Market is expected to reach USD 24.81 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for unconventional energy sources is one of the key factors driving the global fuel cell market. Fuel cell is one of the fastest growing alternate backup power options primarily due to the utilization of hydrogen as fuel. In addition, they are eco-friendly as their by-product is harmless in nature, unlike other conventional technologies. 

On the basis of policy development, China is still lagging but shows tremendous promise in the near future as the majority of the Chinese fuel cell manufacturers have been focusing to develop proton exchange membrane fuel cells. This implies the focus of the country to incorporate fuel cells in various modes of transport. 

The market is expected to witness strategic alliances to expand the end user segment in emerging markets. Public – private partnerships will be critical in attaining an economically viable technological shift. Introducing cleaner technologies to substitute existing methodologies is expected to incur high costs which are expected to challenge the innovative streak of the key market players.

Full Research Report on Global Fuel Cell Market Analysis:
http://www.grandviewresearch.com/industry-analysis/fuel-cell-market

Further key findings from the report suggest:

• Asia Pacific is expected to emerge as the largest market in terms of unit shipment. Rising demand of Combined Heat and Power systems in Japan and other countries in this region, the market for fuel cells is slated to register a robust growth rate. 
• North America is likely to emerge as the largest market for fuel cells in terms of installed capacity owing to the regulatory scenario in the region and advancements in technology.
• PEMFC is expected to emerge as the most dominant form of fuel cell owing to their ability to suit a wide variety of applications ranging from portable to large scale power systems.
• In 2014, Japan had introduced “Promotion Project for Hydrogen Society Using Renewable Energy”, an updated policy focused on fuel cell and hydrogen roadmap. This region is expected to grow at an estimated CAGR of 37.8% from 2016 to 2025.
• Transportation and Portable application segment are likely to reach a tipping point between niche and mainstream over the forecast period.
• Transportation application segment is expected to grow at an estimated CAGR of 39.2% from 2016 to 2025
• Some companies operating in the global market include Plug power, Ballard Power Systems, Hydrogenics Corporation, Ceramic Fuel Cells, Ltd., SFC Energy AG

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

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

Product Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

• PEMFC
• PAFC
• SOFC
• MCFC
• Others

Application Outlook (Volume, Units; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

• Stationary
• Transportation
• Portable

Regional Outlook (Volume, Kilo Tons; Capacity, Mega Watt; Revenue, USD Million, 2014 - 2025)

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

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/fuel-cell-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