Renewable Power Generation Market Demand To Reach 12,630.9 TWh By 2027

The global renewable power generation market demand is expected to reach 12,630.9 TWh by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% over the forecast period. Switching from conventional fossil fuels to renewable sources is underway to achieve economic, social, and environmental developments. Moreover, such investments in renewable and clean resource sectors are estimated to generate commercial opportunities as well as new jobs.

The world economy will be in the expansion mode after the COVID-19 pandemic, therefore demand for power is expected to increase exponentially in the coming years. This is a result of the higher living standards and economic growth. Fossil fuels currently dominate the present power supply, accounting for almost 60% of the energy increase until 2035. However, the shift towards low carbon fuels, coupled with stringent environment regulations in most of the developed countries, has provided a major boost to renewable energy.

The renewable energy market has witnessed a surge in installation capacity over the past few years on account of growing environmental concerns, coupled with the aim to reduce the harmful effects of greenhouse gasses. This has been a major factor for the expansion of wind energy. Government support to save energy and improve the efficiency will result in propelling growth over the forecast period.

Renewable energy is clean, silent, and freely available. This source of power has also become aesthetically appealing after the implementation of solar panels in residential and commercial buildings. The recent dip in the solar panel prices on account of hardware cost reductions as well as rising focus on tackling soft costs is further projected to augment the installation rates. Despite the extensive research & development costs associated, the major providers of solar panels have successfully reduced design, along with overhead costs.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/renewable-power-generation-market

Further Key Findings from the Study Suggest:

By product, the hydropower segment held the largest share of almost 63% in 2019 due to its wide availability and low cost
The solar segment is anticipated to expand at the fastest CAGR of 9.5% from 2020 to 2027 on account of declining prices of solar panels and technological upgradation
Asia Pacific led the renewable energy generation market in 2019 and is anticipated to reach 5,311.3 TWh by 2027 owing to presence of numerous end-use industries, such as automobile, electronics, manufacturing, and pharmaceutical
In Asia Pacific, China accounted the largest share of 66.5% in 2019. Rapid industrialization and growing population over the past few years has resulted in increased demand for clean energy in this country
Research & development activities, partnership with local governments, and technological collaborations are some of the strategic initiatives taken up by leading companies.

Water Heater Market Size Worth $37.52 Billion By 2027

The global water heater market size is expected to reach USD 37.52 billion by 2027, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The augmenting residential housing sector coupled with rising disposable income is anticipated to bolster the global market growth.

Increasing urban migration coupled with propelling demand for a diversified array of water heaters across the real estate sector is anticipated to drive the market growth in the forthcoming years. In addition, stringent building standards are likely to encourage the adoption of star rated water heaters, thereby augmenting the product demand over the forecast period.

The availability of water heaters with wide-ranging capacity is anticipated to drive the product demand in various end-use industries. Increasing demand for 30 – 100 liters capacity water heaters across small businesses in the residential sector is projected to complement the product demand over the forecast period.

Timely availability of hot water supply coupled with growing need to address the hot water demands at peak hours across various commercial infrastructures is expected to augment the demand for water heaters over the forecast period. Furthermore, competitive and flexible product pricing along with new features and product assortments are likely to drive market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/water-heaters-market

Further key findings from the report suggest:

North America accounted for 21.5% of the revenue share in 2019 on account of elevated refurbishment activities and rising demand for high-efficiency water heaters in the region
The demand for solar water heaters is estimated to witness a CAGR of 4.7%, over the forecast period owing to the growing demand for sustainable and cost-effective water heating technology to decrease the overall electricity consumption
Tankless water heaters accounted for 34.3% of the global revenue share in 2019 on account of the increasing adoption of the product across a wide array of residential and commercial end-user applications
Germany dominated the Europe market by accounting for 20.4% of the revenue share in 2019, owing to the technological advancements coupled with government regulations driving the demand for energy-efficient products
Eminent market players such as A.O. Smith, Bajaj Electricals, Ltd., Rheem Manufacturing Company, and Rinnai Corporation are focusing on product innovation and mergers and acquisitions as their key growth strategies

Anti-reflective Coatings (AR Coatings) Market Worth $7.5 Billion By 2025

The global anti-reflective coatings market is expected to reach USD 7.50 billion by 2025, according to a new report by Grand View Research, Inc. Technological advancements in the field of fabrication and deposition techniques coupled with increasing demand for efficient optical devices from end-use applications are expected to propel demand for the coatings over the next nine years.

The market is highly dependent on the availability of efficient and cost effective deposition technologies. Advanced coating processes including ion assisted deposition, ion beam sputtering, and advanced plasma reactive sputtering are increasingly being used in order to achieve precision in deposition. These advancements have led to use of AR coatings in high-end applications including telescopes, military & defense, and aerospace, thus propelling the market.

The antireflective coatings market is characterized by the presence of numerous market players across the globe. Various manufacturers catering to the eyewear industry are integrated across the value chain wherein they manufacture antireflective coatings as well as the eyewear lens for the end-users.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/anti-reflective-coatings-market

Further key findings from the report suggest

Eyewear application accounted for the major share and is expected to witness a CAGR of over 7.0% from 2016 to 2025 on account of rapidly increasing demand for fashion eyewear and sunglasses
Electronics application is expected to witness significant growth over the forecast period on account of technological advancements in display and touchscreens of the devices such as smart phones, laptop, tablets, and smart watches
Sputtering technology is expected to witness a growth of over 9.0% from 2016 to 2025 on account of high utilization in ophthalmic industry
Asia Pacific accounted for a share of over 30% in 2015 on account of growth in the manufacturing sector and increasing consumer awareness regarding the benefits of the product in eyewear
In June 2015, iCoat introduced Indigo anti-reflective coating, which is a blue light filtering AR coating. It is suitable for reducing the digital eye strain and discomfort due to blue light.
In May 2014, HOA launched UV control which is a UV resistant coating applied on the back surface of the spectacles. The coating comes in combination with Hi-Vision Long-life anti-reflective coating.

Anti-reflective Coatings Market Worth $7.5 Billion By 2025

Click the link below:
http://www.grandviewresearch.com/industry-analysis/anti-reflective-coatings-market

Further key findings from the report suggest

Eyewear application accounted for the major share and is expected to witness a CAGR of over 7.0% from 2016 to 2025 on account of rapidly increasing demand for fashion eyewear and sunglasses
Electronics application is expected to witness significant growth over the forecast period on account of technological advancements in display and touchscreens of the devices such as smart phones, laptop, tablets, and smart watches
Sputtering technology is expected to witness a growth of over 9.0% from 2016 to 2025 on account of high utilization in ophthalmic industry
Asia Pacific accounted for a share of over 30% in 2015 on account of growth in the manufacturing sector and increasing consumer awareness regarding the benefits of the product in eyewear
In June 2015, iCoat introduced Indigo anti-reflective coating, which is a blue light filtering AR coating. It is suitable for reducing the digital eye strain and discomfort due to blue light.
In May 2014, HOA launched UV control which is a UV resistant coating applied on the back surface of the spectacles. The coating comes in combination with Hi-Vision Long-life anti-reflective coating.