The report "Industrial Refrigeration System Market by Component (Compressor, Condenser, Evaporator), Refrigerant Type (Ammonia, CO2), Application (Fruit & Vegetable Processing, Meat & Poultry, Refrigerated Warehouse), and Region - Global Forecast to 2025", is expected to grow from USD 19.3 billion in 2019 to USD 24.8 billion by 2025, at a CAGR of 4.3%. The growing adoption of natural refrigerant-based systems owing to strict regulatory policies has resulted in the increased demand for industrial refrigeration systems. Other drivers for the industrial refrigeration system market growth include the increasing demand for innovative and compact refrigeration systems and ongoing government support to strengthen the cold chain infrastructure in developing countries.
According to a new market research report, ‘Nanophotonics - Advanced Technologies and Global Market (2009-2014)’, published by MarketsandMarkets (www.marketsandmarkets.com), the global nanophotonics market is expected to be worth US$3.6 billion by 2014, out of which the Asian market will account for nearly 74% of the total revenues. The global market is expected to record a CAGR of 100.7% from 2009 to 2014.
Browse 134 market data tables and in-depth TOC on nanophotonics market.
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Nanophotonics is born out of the combination of three major sciences: photonics, nanotechnology, and optoelectronics. While photonics and optoelectronics have revolutionized the electronics and semiconductors market, nanotechnology has the greatest potential for further improvement, and hence has emerged as the most sought-after technology by big companies and research laboratories. In spite of it being in the nascent stage, nanophotonics is expected to make it to the mainstream market owing to the higher power efficiency, thermal resistivity, and operational life.
The nanophotonic component market is growing at a robust rate for the last few years and is expected to maintain a very high CAGR for the next few years. The market is expected to reach $3.6 billion in 2014 at a CAGR of 100.7% from 2009 to 2014.
Asia holds a major share of the global nanophotonics market. However, the U.S. and Europe represent very high growth rate of 161.1% and 160.0% respectively from 2009 to 2014. The U.S. and Europe assume further importance because of the large consumer base for the nanophotonic devices. Extensive investment in research and development for the application of nanophotonics in increasing number of application areas has become the main driver for this market
The LED market is the largest segment; and is expected to reach US$2.7 billion by 2014 at a CAGR of 91.3%. Optical amplifier and holographic memory device markets are estimated to record growth rate of 239% and 234.6% respectively from 2009 to 2014. The high growth rate of nanophotonics products is mainly due to high demand from Asian countries.
The Asian market is the largest geographical segment; and is expected to be worth US$2.7 billion by 2014. The second largest segment is Europe, with a CAGR of 160.0%. However, market size of the U.S. is expected to increase at the highest CAGR of 161.1% from the year 2009 to 2014.
Report Title: Nanophotonics- Advanced Technologies and Global Market (2009 - 2014)
Publishing Date: July 2009.
Scope of the Report
This report aims to identify and analyze products, applications and ingredients for nanophotonics market. The report segments the nanophotonics product market as follows:
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