Market Research Report
Stretchable Conductive Material Market Analysis By Product (Graphene, Carbon Nanotube, Silver, Copper), By Application (Wearables, Biomedical, Photovoltaics), By Region And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||572928|
|Published||Content info||92 Pages
Delivery time: 2-3 business days
|Stretchable Conductive Material Market Analysis By Product (Graphene, Carbon Nanotube, Silver, Copper), By Application (Wearables, Biomedical, Photovoltaics), By Region And Segment Forecasts, 2014 - 2025|
|Published: September 25, 2017||Content info: 92 Pages||
The global stretchable conductive material market is expected to reach USD 3.4 billion by 2025 at a CAGR of 25.7%, according to a new report by Grand View Research, Inc. The rising demand for stretchable conductive material due to rise in the use of renewable solar energy and biomedical is expected to propel industry expansion over the forecast period.
Rising concerns regarding the release of toxic effluents into the environment are expected to result in increased installations of solar power grid in the renewable sector. In addition, stringent environmental regulations on carbon emissions from the power grids are expected to stimulate the demand for highly effective photovoltaics in the solar power cells.
Increasing solar power grid installations by various key players including UniEnergy Technologies; RedT; Red Flow; and Primus Power as a result of rising demand for photovoltaics in the renewable power grid industries are expected to promote the market growth over the forecast period. Upgrade of technology coupled with cost reduction and volume maximization is expected to drive the product demand over the forecast period.
In terms of volume, photovoltaics accounted for 32.48% of the overall share in 2016 and is expected to witness substantial growth owing to increasing urban population and government support to promote infrastructure development in countries such as the U.S., China, India, Singapore, and Thailand.