Electric Water Heater Market Size likely to exceed revenue of USD 33.22 billion by 2023 - PowerPoint PPT Presentation

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Electric Water Heater Market Size likely to exceed revenue of USD 33.22 billion by 2023

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Electric Water Heater Market size was USD 17.5 billion in 2015, and is anticipated to grow at 7.5% CAGR from 2016 to 2024; according to a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Electric Water Heater Market Size likely to exceed revenue of USD 33.22 billion by 2023


1
Process Spectroscopy Market size worth 1.47
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Process Spectroscopy Market
  • FT-IR (fourier transform infrared) technology
    segment was valued at more than USD 170 million
    in 2015. Rising prominence of this technology in
    numerous industries for assessment and
    identification of various chemicals compounds
    and materials such as residues, particulates and
    pesticides is expected to propel industry demand
    through 2024.
  • Polymer sector accounted for over 16 of the
    process spectroscopy market share in 2015 and
    estimated to grow at 6.2 CAGR from 2016 to 2024.
    High product volumes, customization as well as
    strict quality requirement will positively imapct
    polymer application revenue through 2024.
  • Strict quality norms in healthcare, food
    agriculture, and pharmaceuticals sector may
    positively impact revenue in the North American
    industry.

3
Continued...
  • Asia Pacific process spectroscopy market size is
    expected to grow at 8 CAGR from 2016 to 2024.
    Industry participants are increasingly relocating
    RD and manufacturing facilities owing to
    presence of cheap labor and resource cost may
    catapult regional growth.
  • Key competitors include Bruker, ABB, Buchi
    Labortechnik, Danaher, Foss A/S, Horiba and
    Agilent Technologies. Other prominent industry
    participants are Eureka Forbes, Panasonic, Haier,
    iRobot, LG, Bissell, Royal Philips Electronics
    and Samsung.

4
Europe Process Spectroscopy Market size, by
technology, 2013-2024 (USD Million)

5

Browse Full Market Research Report Process
Spectroscopy Market _at_ https//www.gminsights.com/
industry-analysis/process-spectroscopy-market R
equest for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/7
16
6
360 Analysis
  • Technology Analysis
  • NIR technology segment accounted for over 60 of
    the overall process spectroscopy market share in
    2015 and is likely to grow at over 6 CAGR from
    2016 to 2024. Growth in the sector can be
    attributed to rising application in numerous
    sectors such as quality monitoring, food
    industry, biogas plants, plastics identification
    in chemical industry and controlling paper
    production.
  • Regional Analysis
  • Presence of key industry participants and
    stringent quality standards in pharmaceuticals,
    healthcare, and food agriculture sector is
    expected to fuel U.S. process spectroscopy market
    size.
  • Asia Pacific revenue share will grow at 8 CAGR
    from 2016 to 2024. Industry participants are
    increasingly relocating research and development
    along with manufacturing activities owing to
    presence of cheap labor and resources to reduce
    cost. This is expected to primarily contribute to
    regional growth.
  • Competitive Market Share
  • Key players contributing to process spectroscopy
    market share include ABB, Agilent Technologies,
    Bruker, Buchi Labortechnik, Danaher, Foss A/S,
    and Horiba. Other prominent industry participants
    are Kett Electric Laboratory, Sartorius,
    Shimadzu, Thermo Fisher Scientific, and Yokogawa
    Electric.


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