Thin and Ultra-thin Films Market: Thin Film Electronics and PV Cells Manufacture Rates on the Rise, observes TMR

The global thin and ultra-thin films market is a relatively consolidated market, as per the observations of market intelligence firm Transparency Market Research. The players that led the market in 2015 – E.I. du Pont, Kaneka Corporation, and Corning Incorporated – held a collective share of 35.5%. The leading players in the global thin and ultra-thin films market are expected to continue in their positions, owing to their already enriched product offerings.

According to the recently released research report, the global thin and ultra-thin films market was valued at US$32.78 bn in 2015. The market is expected to expand at a CAGR of 15.1% within a forecast period from 2016 to 2024, and is eventually expected to reach US$115.41 bn at the end of 2024.

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Defense and Aerospace Industries to Accelerate Demand for Thin and Ultra-thin Films

The global thin and ultra-thin films market is currently being driven by the rising favor gained by semiconductor miniaturization in the electronics industry. The growing usage of thin and ultra-thin films in electronics and semiconductors, due to the various advantages that they hold, is likely to push the growth of the global thin and ultra-thin films market. Simultaneously, the global thin and ultra-thin films market is being driven by the thriving aerospace and defense sectors through their increased interest in using the films as they offer enhanced efficiency, power, speed, while making an electronic device lighter in weight.

The demand generated by the global thin and ultra-thin films market is expected to receive a further shot in the arm through the increasing adoption of solar energy, as thin and ultra-thin films are widely used for the manufacture of photovoltaic cells. The stringent rules implemented by environmental organizations such as Greenpeace, EPA, and Department of Energy Resources to reduce carbon footprint are expected to fuel the demand for thin-film PVs in the coming years, thereby enhancing the scope of growth for players in the global thin and ultra-thin films market.

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Asia Pacific Thin and Ultra-Thin Films Market to Rise at a Leading Rate

In terms of geography, the global thin and ultra-thin films market can be divided into North America, Asia Pacific, Europe, the MEA, and Latin America. Asia Pacific is expected to remain the leader in the global market over the coming years. The thriving activities in semiconductor manufacturing and the improving industrial infrastructure are expected to drive the thin and ultra-thin films market for this region. By the end of 2024, Asia Pacific is poised to account for a share of 24.1% in the global thin and ultra-thin films market.

The end users for the global thin and ultra-thin films market include the manufacturers of thin-film devices, such as electronics, batteries, and PV. The segment for thin-film electronics was leading the global thin and ultra-thin films market till 2015 and is expected to continue leading it in the coming years. By the end of 2024, this segment is expected to acquire a share of 64.9% in the global thin and ultra-thin films market.

Complicated Installation Discourages Users from Using Thin and Ultra-thin Films

The global thin and ultra-thin films market faces a tough restraint that is likely to act as a hurdle in the coming years. The current challenge for the global thin and ultra-thin films market is the poor conversion efficiency of thin film solar cells. Furthermore, their complex construction structure is also dissuading users from investing in these films over the long run. The sophisticated installation skills required for flexible thin film solar cells make are not easily available and thus not viable.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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