Service Robotics Market Is Projected To Grow At A 23.7% CAGR from 2014 to 2020: Grand View Research, Inc.

The global service robotics market is projected to reach USD 15.69 billion by 2020, at an expected CAGR of 23.7% from 2014 to 2020. The demand for the global service robotics is anticipated to surpass 18 million units by 2020. The major factor driving the industry is the rising occurrences of supported living and the demand to fight against increasing costs of labor in the developed countries.

The foremost advantage offered by service robotics includes assistance in carrying out those tasks which would otherwise have been tough and risky. Moreover, the ordinary routine tasks can be effortlessly dealt with having a high degree of accuracy with the help of these devices.

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Global service robotics market by application, 2012 – 2020 (USD Billion)

The global industry has witnessed a massive growth in the number of companies trying to enter the industry and gain share by evolving and refining their automation techniques. The components involved in the manufacturing these machines include microcontrollers, actuators, manipulators, sensors, and power supply.

Browse full research report on Service Robotics Market: www.grandviewresearch.com/industry-analysis/service-robotics-industry              

In 2013, personal robots had the highest share of the market regarding volume. However, the highest revenue generating segment included professional robots. These professional service robots accounted for over 70% of the global market in that year. Professional service robots are further segmented into field, medical, defense, and logistic robots. Out of these, in 2013, the defense professional service robots led the global industry concerning revenue generation and accounted for over 40% of the total revenue. This was due to their utilization of unmanned aerial vehicles.

North America emerged as the largest market in 2013, accounting for more than 35% of the overall volume share. The U.S. was the primary revenue generator of North America. This high growth in the region can be attributed to the quick rise in the development of production capacities as well as industrialization. Furthermore, the rapidly growing automotive industry in North America is also projected to drive the demand for the overall industry.

The global service robotics industry is highly branded as there is intense competition between the specialized service robot manufacturers and the industrial robot manufacturers. The major corporations operating in the market include Samsung Electronics, Toyota Motor Corporation, Hanool Robotics Corp, Honda Motors Co. Ltd. Other participants include GeckoSystems, Yujin Robot, iRobot Corporation, AB Electrolux, Fujitsu Frontech Limited, LG Electronics Inc., and Sony Corp. Over the next six years, companies including Amazon, Google, and Apple are also expected to enter into the global service robotics market.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                                                                   Grand View Research has segmented the global service robotics market on the basis of application and region:

Service Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)

  • Professional Robots
    • Defense
    • Field
    • Medical
    • Logistics
    • Mobile Platforms
    • Underwater Systems
    • Construction & Demolition
    • Others
  • Personal Robots
    • Entertainment
    • Household

Service Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

 Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-service-robotics-industry                                                                                                                                                                   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

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Industrial Robotics Market Expanding at CAGR of 7.0%from 2014 to 2020

The global industrial robotics market size is anticipated to reach USD 41.23 billion by 2020, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. Rapid expansion of the automotive industry worldwide and growing adoption of robotics in the non-automotive industry including food & beverage, chemicals, rubber & plastics, and electronics/electrical are stoking the growth of the market.

Companies implementing industrial robots are increasingly realizing substantial financial benefits, which is leading to a surge in installation of robots in contemporary manufacturing plants. Integration of robots with production processes help boost productivity, minimizes overheads, offers a high degree of flexibility, increases quality, and reduces waste to a large extent as compared to outcome of manual labor, which consequently propels the market.

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Industrial robots have been responsible for the formation of a new ecosystem characterized by lucrative, rewarding, and high-paying jobs. Venture capitalists have opened up to funding companies designing and manufacturing industrial robots. Advancements in artificial intelligence and development of sophisticated sensors are projected to augment the development of self-programming robots.

Browse full research report on Industrial Robotics Market: www.grandviewresearch.com/industry-analysis/industrial-robotics-market             

Further key findings from the study suggest:                                     

  • By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, which can be attributed to the fact that robots play a vital role in the assembly of vehicles
  • The metal/heavy machinery segment was valued at nearly USD 3.0 billion in 2016. Robots are extensively used in the sector on account of high degree of precision demanded coupled with difficult nature of tasks involved
  • With a revenue of close to USD 16 million in 2016, the Asia Pacific region dominated the industry. Japan and South Korea are expected to continue being dominant country markets in the region
  • Robot industries in Asian countries such as China, Korea, and Taiwan are supported by their respective governments through programs addressing R&D funding, tax incentives, loans, and investment in skills
  • Some of the key players in the market are ABB; Omron Adept Technologies, Inc.; Mitsubishi Electric Corporation; YRG, Inc.; Toshiba Machine Co., Ltd.; and Panasonic Corporation.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                                                                   Grand View Research has segmented the industrial robotics market report into application and region.

Industrial Robotics Application Outlook (Revenue, USD Million, 2014 – 2020)

  • Automotive
  • Electrical/Electronics
  • Metal/Heavy Machinery
  • Chemical, Rubber, & Plastics
  • Food
  • Others

Industrial Robotics Regional Outlook (Revenue, USD Million, 2014 – 2020)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Spain
    • U.K.
    • France
  • Asia Pacific
    • China
    • Japan
    • Korea
    • Taiwan
  • Rest of World

 Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-industrial-robotics-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

Boosting Demand Of Industrial Robotics market Due To Improved Productivity & Cost Reduction Benefits Till 2025

 

The global industrial robotics Industry was estimated at USD 25.68 billion in 2013 and is expected to reach USD 40.00 billion by 2020 owing to increased number of deployments in the manufacturing sector to simplify complexities and enhance productivity. Industrial robots are being increasingly used to simplify business activities including marketing, designing, selling, building, installing, maintaining and operating.

An increased emphasis has been laid on productivity index to sustain in the competitive environment of the manufacturing sector and achieve quality results is expected to drive the industrial robotics market. Increasing labor costs coupled with growing demand from automotive industry is anticipated to be a key driving factor in the industry.

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Italy industrial robotics market, by application (USD Million)

Manual labor has eventually replaced with self-programming robots owing to the job efficiency and cost-effectiveness on account of their ability to sense environmental changes through integration of sophisticated sensors. Growing measures concerning safety rights of laborers are also expected to augment growth in the market.

Application of robots in non-automotive industries namely chemicals, food & beverages, electronics, and electricals have resulted in the development of new opportunities and prospects over the past few years. Increasing installation costs and lack of skilled labor are expected to pose a challenge for the companies.

Browse full research report on Industrial Robotics market: www.grandviewresearch.com/industry-analysis/industrial-robotics-market

In 2013, automotive robots contributed to the highest market share by volume. The market is projected to gain prominence over the forecast period on account of technological advancements and integration of artificial intelligence. Increasing demand from heavy machinery and food processing industries are also expected to have a positive impact on growth over the coming years.

Asia Pacific accounted for the largest market in 2013 on account of substantial investments by organizations to expand globally. Countries including Korea, Japan, and China have experienced significant growth owing to supportive government programs involving tax incentivisation, investments in skill management, and R&D funding while Singapore, Taiwan, and India are anticipated to have a high potential for growth.

Rising production capacities in North America coupled with the modernization of factories are expected to result in an increasing number of robotic installations. Significant investment in robotics by automotive industry players in Europe is projected to augment demand over the forecast period.

The industrial robotics market encompasses numerous Japanese suppliers namely Denso, Motoman and Fanuc. Europe comprises of specialized industrial robotics establishments including Kuka and Comau along with prominent corporations including BAE and ABB Systems.

New entrants are expected to emphasize on a particular application and find ways to diversify to cope with high capital cost. Initiatives including “Blue Competence” sustainability initiative by Anlagenbaue.V. (VDMA) and VerbandDeutscherMaschinen, which aims at achieving environmental sustainability through technological modernization, is expected to propel growth in the coming years.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                                                            

Grand View Research has segmented the global industrial robotics market on the basis of application and region:

Industrial Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 – 2020)

  • Automotive
  • Electrical/Electronics
  • Metal/Heavy Machinery
  • Chemical, Rubber & Plastics
  • Food
  • Others

Industrial Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-industrial-robotics-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

 

Hyper-Converged Infrastructure Market Will Be Worth $13.96 Billion By 2024: Grand View Research, Inc.

 

The global hyper-converged infrastructure market is estimated to reach USD 13.96 billion by 2024, according to a report by Grand View Research, Inc. Hyper-converged infrastructure is a software-based architecture that integrates storage, compute, virtualization, and networking resources in a box. The HCI systems are supported by a single vendor. They eliminate the need for making individual purchases of servers and virtualization software running on those servers and management tools, and do not require the installation of Storage-area Network (SAN) or Network-attached Storage (NAS). This integration, in turn, reduces the overall cost of the hyper-converged infrastructure system. The HCI market is still in its introductory stage and the adoption of Virtual Desktop Infrastructure (VDI) is anticipated to boost the industry growth over the next seven years.

The industry is expected to witness tremendous growth, owing to the increasing demand to enhance IT operational efficiency, reduce IT costs, and improve data protection. The demand for HCI is expected to increase in various verticals, such as BFSI, IT & telecom, healthcare, and government sectors, among others, considering its advantages over the traditional converged infrastructure.

The HCI market in North America is anticipated to show promising growth opportunities in the coming years due to the presence of a wide number of players across the U.S., such as Nutanix, Inc. (U.S.), Pivot3 (U.S.), Scale Computing, Inc. (U.S.), SimpliVity Corporation (U.S.), and VMware, Inc. (U.S.), among others. These market players offer HCI solutions majorly across the financial sector, government organizations, and IT & telecom, which forms the major segment of the overall hyper-converged infrastructure market. Moreover, in the recent months, about 40% large and 35% mid-tier organizations intend to shift from the traditional architecture to the hyper-converged infrastructure to attain simplicity of operations and cost savings.

Hyper-converged infrastructure is extensively used in the mid and large size enterprises for virtual desktop infrastructure projects, largely due to their ability to eradicate the complexity during implementation and issues regarding SAN-based storage solutions. It also reduces the overall cost in comparison with the traditional converged architecture. Different workloads run on these solutions and are varying with time. This varying workload within the industry is anticipated to diversify even further over the forecast period as organizations are focusing on expanding the use of HCI systems.

Small organizations prefer improving operational efficiency for the Remote Office/Branch Office (ROBO) IT service and also increasing the use of server virtualization. On the other hand, large enterprises are improving operational efficiency equally with improving backup and disaster recoveries. They also deploy private cloud infrastructure and cloud infrastructure service.HCI systems play a major role in achieving the required scenarios as they are powerful, rich in feature, and simple to operate with a low setup time in comparison to the traditional architectures. These benefits of hyper-converged infrastructure systems are anticipated to drive the demand across large, small, and medium enterprises over the forecast period. Also, the software-centric approach of the HCI systems enables them to meet the current and future business requirements without making any alteration to the existing infrastructure. This paves a way for increased level of adoption across a wide range of industries such as education, banking and finance, healthcare, and others. The cloud computing application segment in hyper-converged infrastructure is also gaining traction and is expected to have a positive impact on the market revenue.

Browse full research report on Hyper-Converged Infrastructure Market: www.grandviewresearch.com/industry-analysis/hyper-converged-infrastructure-hci-market                                                                                                                                    

Further Key findings from the study suggest:

  • Virtualization is becoming popular among cost-sensitive customers and large & medium enterprises. The increasingadoption of virtual desktop infrastructure (VDI) on hyper-converged systems leads to the eradication of traditional complex and fragmented infrastructure management in the traditional three-tier based architecture, which is expected to drive the HCI virtualization application in the near future.The cloud-based solution offers benefits such as economies of scale, disaster recovery, effective monitoring of projects, and reduced technology infrastructure cost, which are also expected to foster the growth over the forecast period.
  • Hyper-converged infrastructure is popular in the IT & telecom, financial services, and healthcare & life sciences segments. HCIsystems are also being adopted by the government sector and media & entertainment division. IT & telecom and financial services are the major application segments and together held a market share of over 50% in 2015.
  • EMC Corporation (U.S.), Hewlett-Packard (U.S.), Dell Inc. (U.S.), Atlantis Computing, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Fujitsu Ltd. (U.S.), Hitachi Data Systems (U.S.), NetApp, Inc. (U.S.), Nimboxx, Inc. (U.S.), Nutanix, Inc. (U.S.), Pivot3 (U.S.), Scale Computing, Inc. (U.S.), SimpliVity Corporation (U.S.), and VMware, Inc. (U.S.), among others are some of the major industry players in the hyper-converged infrastructure market

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                            

Grand View Research has segmented the hyper-converged infrastructure market on the basis of application, end-use, and region:

Hyper-Converged Infrastructure Application Outlook (Revenue, USD Million, 2013 – 2024)

  • Virtualization
  • Cloud Computing
  • Data Center Consolidation
  • Data Protection
  • Others

Hyper-Converged Infrastructure End-Use Outlook (Revenue, USD Million, 2013 – 2024)

  • IT & Telecom
  • Financial Services
  • Healthcare & Life Sciences
  • Government
  • Media & Entertainment
  • Others

Hyper-Converged Infrastructure Regional Outlook (Revenue, USD Million, 2013 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • South America
  • MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-hyper-converged-infrastructure-hci-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

 

Mobile Robotics Market To Gain Demand Swiftly Due To Increased Funding For R&D Of Mobile Robots By Governments Till 2020: Grand View Research, Inc.

According to a new study by Grand View Research, Inc., global mobile robotics market growth can be attributed to increased adoption in military & defense applications. Commercialization of automated cars due to technological advancement in mobile robotics is expected to drive the market over the next six years. Favorable regulatory scenario, including funds and grants for promoting the robotics industry is also expected to positively impact the global market.

Availability of open source platforms coupled with reduction in sensor and camera prices is expected to propel demand for domestic mobile robots such as vacuum cleaners and lawn mowers. Scarcity of experts equipped with the skill sets required for R&D may pose a challenge to mobile robotics market growth. Relatively low market penetration coupled with growing demand from end-use industries is expected to be a growth opportunity for key industry participants.

Browse full research report on Mobile Robotics Market: www.grandviewresearch.com/industry-analysis/mobile-robotics-market                                                                                                                       

Further Key Findings From the Study Suggest:

  • Unmanned Ground Vehicles (UGVs) are expected to be the most dominant segment over the next six years due to a plethora of mobile robotics opportunities in military and defense. UAVs have considerable growth potential owing to their capability to cater to diverse applications such as surveying, wildlife research, mapping, security, and defense.
  • The mobile robotics market for service applications is expected to witness high growth over the forecast period. Professional robots dominated the overall service robotics market, with a large number of applications in defense and agricultural applications. Increasing use in personal assistance and for medical purposes, such as in drug delivery, is expected to be favorable for the personal robotics market. In the industrial segment, warehousing & distribution is expected to remain the key market; other applications mainly include painting, coating, and inspection.
  • Asia Pacific was the dominant regional market in 2013; it is further expected to continue being the market leader over the next six years. Increased adoption of mobile robots in industrial, agricultural, and medical applications has driven regional mobile robotics market growth. Growing domestic robots demand is expected to be the key driving force for the North America market.
  • Leading mobile robotics market players have strived to develop robots capable of delivering and sustaining in challenging environments. There has been an increased emphasis on developing mobile-based applications to control unmanned vehicles. The industry is characterized by notable mergers and acquisitions; for instance, Adept Technology’s acquisition of MobileRobotics Inc.

 

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                                                                                                                 

Grand View Research has segmented the global mobile robotics market on the basis of product, application and region:

Mobile Robotics Product Outlook (Revenue, 2012 – 2020)

  • Unmanned Ground Vehicles (UGVs)
  • Unmanned Aerial Vehicles (UAVs)
  • Unmanned Surface Vehicles (USVs)
  • Autonomous Underwater Vehicles (AUVs)

Mobile Robotics Application Outlook (Revenue, 2012 – 2020)

  • Industrial
  • Service

Mobile Robotics Regional Outlook (Revenue, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-mobile-robotics-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

Fiber Optics Market Is Likely To Be Influenced By Growing Demand For High Bandwidth Communication Till 2025: Grand View Research, Inc.

 

The global fiber optics market is expected to reach USD 9.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing necessity of data security in the military & aerospace sector has increased the growth and penetration of this technology. There is a huge demand for fiber optic connectors in the security sector owing to their bandwidth capabilities, inherent security, and protection against signal interference. The growing adoption of the optical technology in medical and aerospace arenas is anticipated to revolutionize the market by 2025.

Leading players integrate vertically across the entire supply chain to stay ahead in the competition by compensating for inadequacies, increasing revenue, and eliminating competitive scenarios. The upcoming era is expected to witness the adoption of technology in the dynamic application segment that includes railways, architecture & construction, and BFSI, owing to the growing automated high-tech maintenance requisites and escalating importance of data (as an asset).

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U.S. fiber optics market by type, 2014 – 2025 (USD Million)

The growing penetration of technology is encouraging manufacturers and suppliers to invest in research & development for creating better products. As the production and installation of products tend to be quite tedious and costly processes, researchers are focusing on innovating reliable and cost-effective products. Accordingly, production is being optimized by manufacturers worldwide, regulating efficiency and prices to curb alternatives to fiber optics technology.

The market by varied categories of fiber optics includes single-mode, multimode, and plastic optical fibers. Based on application type, the market has been segmented into telecom, oil & gas, military & aerospace, BFSI, medical, railway, and other associated technology applications. The telecom sector is the biggest application sector in terms of size and is subject to regulations imposed by the government and other related regulatory authorities. From the manufacturing of to their application, several regulations are to be followed by manufacturers and suppliers. These regulations vary depending on the additions or innovations in technology.

Browse full research report on Fiber Optics Market: www.grandviewresearch.com/industry-analysis/fiber-optics-market             

Further key findings from the report suggest:

  • The multimode segment dominated the overall market in 2015. The multimode technology allows simultaneous propagation of multiple modes of light. This enhances the transfer rate of audio/video applications, particularly in Local Area Networks (LANs).
  • The growing demand for optic cables can be accredited to the rising bandwidth needs across carriers and enterprise networks.
  • Fiber optics has exciting new applications in the medical industry and is mainly used in light conduction and illumination, flexible bundling, and laser delivery systems.
  • The North American region dominated the market and accounted for the largest global market share (in terms of revenue) in 2015.
  • Key industry participants include Corning, Inc. (U.S.), Optical Cable Corporation (U.S.), Sterlite Technologies Limited (India), and OFS Fitel, LLC (U.S.).

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/semiconductors                               

Grand View Research has segmented the fiber optics market based on type, application, and region:

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

  • Single Mode
  • Multimode
  • Plastic Optical Fiber (POF)

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

  • Telecom
  • Oil & Gas
    • Material Sensing
    • High Bandwidth Communications
    • Others
  • Military & Aerospace
    • Secure Communication
    • Weapon System
    • Surveillance System
    • Optical Computing
    • UAV
    • Military Vehicle Sensing
  • BFSI
    • Medical
    • Biomedical Sensing
    • Minimal Invasive Surgery
    • Imaging
      • Endoscopy
      • MRI
      • CT
      • PET
      • X-Ray
      • Others
  • Railway
    • Railway Maintenance
    • Speed Monitoring
    • Dynamic Load Calculation
  • Others

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

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

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-fiber-optics-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

 

Europium Market Is Predicted To Grow Swiftly Due To Increasing Application Scope Of The Product In The Automobile, Electrical, Energy & Material Sciences Industries Till 2025: Grand View Research, Inc.

 

The global europium market is expected to reach USD 308.9 million by 2025, according to a new report by Grand View Research, Inc. The rapid growth of the consumer electronics industry across the globe can be regarded responsible for market growth in recent years. In addition, the increasing application scope of the product in the automobile, electrical, energy, and material sciences industries is expected to have a positive impact on the overall market growth over the forecast period.

Increased demand for europium oxide and nitrates for the manufacture of red and blue phosphors largely used in electronics, including television, smart phones, and laptops, is expected to propel the demand for europium during the forecast period. Further, the increasing penetration in healthcare markets, largely for the purpose of optical imaging and therapy, is expected to positively impact product demand in the near future.

Europium oxides and its derivatives are increasingly being used in nuclear reactor control rods owing to their neutron absorbing property. The growing dependency on nuclear energy for electricity generation is expected to benefit market growth over the next few years.

The europium industry is expected to witness the highest growth in phosphors application, slated to grow at a CAGR of 5.0% during the forecast period, in terms of volume and revenue. Industry players such as China MinMetals Corporation, Baotou Group, Avalon Advanced Materials Inc. and Lynas Corporation engage in exploration, mining, development and manufacture of europium along with other rare metals.

U.S. europium market revenue, by application, 2014 – 2025 (USD Million)

us-europium-market

Browse full research report on Europium Market: https://www.grandviewresearch.com/industry-analysis/europium-market                              

Further key findings from the report suggest:

  • The europium market was valued at USD 209.0 million in 2016 and is projected to grow at a CAGR of 4.6% over the forecast period. The increasing application scope of the product in key end-use industries, including consumer electronics, automotive, semiconductors, and energy & mining, is expected to drive product demand during the forecast period.
  • Europium phosphors recorded a market revenue of USD 60 million in 2016 and is likely to witness significant growth during the next eight years, primarily on account of the rapidly growing consumer electronics industry worldwide.
  • Product demand in the lighting segment was valued at just over USD 41 million in 2016 and is expected to grow at a CAGR of 4.5% over the forecast period owing to the use of europium in mercury lamps. The rapidly-growing lighting market, especially in emerging economies across key regions, is expected to benefit penetration of europium.
  • The Asia Pacific europium segment dominated the overall industry, with the regional segment being valued at USD 176.7 million in 2016. The segment is anticipated to grow significantly on account of the rapid growth of the key end-use verticals. The increasing production in key economies such as India, Vietnam, and Thailand is also expected to impact product demand.
  • The key strategies adopted by the industry players include horizontal integration with refining and separation companies, manufacturers, and distributors.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/semiconductors                            

Grand View Research has segmented the europium market on the basis of application, end use, and region:

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

  • Permanent Magnets
  • Catalysts
  • Glass Polishing
  • Phosphors
  • Ceramics
  • Metal Alloys
  • Glass Additives
  • Others

End Use Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)

  • Consumer Electronics
  • Lighting
  • Semiconductors
  • Automotive
  • Healthcare
  • Nuclear Labs
  • Metallurgy
  • Anti-counterfeiting
  • Others

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

  • North America
    • U.S
    • Canada
  • Europe
    • Russia
  • Asia Pacific
    • China
    • India
    • Australia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

 

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-europium-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: http://www.grandviewresearch.com