Global Solar Micro Inverters Market Set to Experience Massive Boom in Future

The rising government initiatives across the globe aimed at increasing the number of photovoltaic (PV) installations are one of the key factors fuelling the demand for solar micro inverters. Moreover, the drop in the prices of these systems across the world is pushing their adoption in several countries. In addition to this, the various advantages of these devices, such as their affordability and optimum performance, are further pushing their demand throughout the world.

Another factor contributing toward the rapid growth in demand for solar micro inverters is the rising production of energy storage systems. These systems are used for decentralizing the reserves of energy, in order to use them in times of great need, which also helps in a more efficient operation of the grid. Driven by these factors, the global solar micro inverters market is expected to demonstrate a huge upswing in the coming years. Such devices convert the direct current produced by the PV panels to alternating current.

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There are two types of solar micro inverters widely available in the market: integrated and standalone. Of these, integrated systems are expected to record faster rise in sales in future. This is mainly attributed to the declining prices of these kinds of micro inverters and the shifting focus of major companies toward the adoption of integrated module systems. Additionally, companies are also focusing on increasing the frequency of product launches and the number of strategic partnerships.

As noted above, the solar micro inverters market is presently witnessing the increasing focus of major companies toward the incorporation of integrated model systems. This is mainly ascribed to the rising demand for electricity in several countries and the ability of high-performance module systems, commonly known as AC modules, to meet this rising electricity need, owing to their capacity to provide up to 25% more power than the conventionally used systems. In addition to this, these systems also offer low installation times.

Solar micro inverters are commonly used in residential buildings, commercial structures, and in the utilities sector. Amongst these, commercial buildings are predicted to adopt these devices at the highest rate in future. The main factors driving the rapid increase in the integration of these inverters in commercial buildings are the surging number of commercial PV installations and declining micro inverter prices throughout the world. Incidentally, owing to the rising electricity demand in various countries, such as India, China, Japan, and the U.S., residential buildings had recorded the highest adoption of these devices in the past.

Geographically, North America, due to the increasing number of government initiatives, aimed at boosting the implementation of PV systems, and huge number of residential PV installations, observed the largest use of solar micro inverters in the past, and this trend is expected to continue in the coming years. Asia-Pacific (APAC) is forecast to register the fastest growth in the demand for this equipment in future, on account of the surging PV installation rate in China, rising demand for power, reduction in micro inverter prices, and the high efficiency and enhanced features of these systems.

Therefore, the adoption of solar micro inverters, owing to the increasing PV installations and shifting focus toward the large-scale utilization of renewable energy across the world, is expected to increase considerably in the coming years.

How is Increasing Adoption of 3D Printing Driving 3D Printing Filaments Market?

The manufacturing world has changed a lot since the start of the industrial revolution. Clearly, great minds might have come up with different sort of ideas for manufacturing products on an industrial scale. Some of the traditional manufacturing techniques include subtractive manufacturing and formative manufacturing (injecting modules). But, since there is scope of improvement in almost every field, regardless of the time period, the notion of 3D printing came into being, and in 1987, Chuck Hull released the first 3D printer, which changed the face of industrial manufacturing. With the development of 3D printing techniques, the need for cutting tools or molding reduced, and the manufacturing process became easy and more efficient.

In 3D printing, a component is manufactured directly onto a built platform, layer by layer, by using different kinds of materials, which are referred to as filaments. It is no wonder that the demand for 3D filaments is increasing with the growing adoption of 3D printing. According to a P&S Intelligence report, in 2018, the global 3D printing filaments market reached a value of $544.8 million, and it is further expected to generate $2,146.2 million by 2024, progressing at a 25.4% CAGR during the forecast period (2019–2024). Ceramics, metals, and plastics are some of the major materials which are used in 3D printing.

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These filaments are used in different industries, namely healthcare, industrial, consumer goods, automotive, and aerospace & defense. The components in the aerospace & defense industry are complex in nature, and 3D printing is the ideal way for manufacturing them. In addition to this, customized aircraft components can be produced much more easily with 3D printing techniques, as compared to conventional manufacturing techniques. Due to these reasons, the adoption of 3D printing in the aerospace & defense industry is rising, which, in turn, is resulting in the growth of the 3D printing filaments market.

Mass customization is a major reason for the increase in the adoption of 3D printing techniques. While the technology was first adopted by the aerospace industry, it soon became the go-to option for other industries as well. Due to the changing preference of people, product customization has become an important aspect for companies to gain a competitive edge in the market. The usage of 3D printing, instead of subtractive manufacturing, also reduces wastage and operational costs. All these factors would further result in a growing demand for 3D printing filaments in the near future.

The requirement for these materials has been quite high in North America in the past, which can be attributed to the rapid expansion of the aerospace & defense industry and the early introduction of 3D printing for mass customization of intermediate products in the region. Aircraft manufacturing companies in North America, such as The Boeing Company and Lockheed Martin Corporation, are increasingly incorporating 3D printing into their production processes, which is creating a high requirement for the materials used in 3D printers.

In conclusion, the consumption of 3D printing filaments is growing due to the rapid adoption of 3D printing for mass customization.

How is Increasing Horticulture Driving Biodegradable Mulch Film Market?

In 2019, there were 7.7 billion people on this earth, and this number is on path to increasing to 9.7 billion by 2050, as per the latest World Population Prospects report published by the United Nations Department of Economic and Social Affairs. More people mean more mouths to feed, because of which the population boom is putting immense pressure on farmlands, which are now expected to drastically increase their productivity. With time and repeated sowing and reaping cycles, the top soil erodes. Additionally, weed can also grow on the soil, and it might start losing nutrients.

Thus, to protect the soil for maximum agricultural yield, mulching is being practiced. It is a simple process, in which a film is applied over the soil to reduce erosion, weed growth, and nutrient loss. Therefore, with the increasing demand for food, the biodegradable mulch film market is expected to grow from $34,145.1 thousand in 2016 to $64,039.0 thousand by 2023, at a CAGR of 9.4% during 2017–2023 (forecast period). Earlier plastic was the film material of choice, but since it itself causes pollution, the use of eco-friendly variants is being promoted.

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Biodegradable mulch films are made from starch, polylactic acid, and polyhydroxyalkanoate. Among these raw materials, films made from starch have found the widest application till now, on account of the low cost of the raw material, along with its numerous advantages, such as environment sustainability and compatibility with different types of soil. In addition, starch is easily available, which makes it extremely easy to make mulch films out of it. Further, with starch-based mulch films, the growth of weeds can be better controlled, the structure of the soil can be improved, and soil can be protected from becoming contaminated.

These films are used for the farming of flower & plants, grains & cereals, and fruits & vegetables, among which the cultivation of fruits And vegetables accounts for the highest mulching usage, owing to their high consumption. As per Ministry of Agriculture and Farmers Welfare of India, horticulture production in India, which includes the cultivation of vegetables and fruits, increased by 4.8% during 2017–18. Thus, with the growing production of fruits and vegetables, the demand for biodegradable mulch films will increase too.

Much of the population rise is being witnessed in emerging economies, which means that the demand for food will also rise the sharpest in these countries. This is why companies providing mulch films can increase their presence in these nations to make quick money. Except the U.S., all the top 10 most populated countries are in the developing phase: China, India, Indonesia, Pakistan, Brazil, Nigeria, Bangladesh, Russia, and Mexico. Being emerging economies, a lot of these countries are also predominantly agrarian, which means that for anyone who wants to invest in the agricultural sector, opportunities in developing countries are aplenty.

Not surprisingly, the largest biodegradable mulch film market is Asia-Pacific (APAC), which is the most populated region on earth; it is home to India and China, the only two countries with over a billion people! It is easy to imagine, but difficult to gauge, the actual demand for food products in these nations and the rising expectations from farmlands, in terms of high productivity and quality produce. Within APAC, China is the largest user of the mulching technique, owing to its vast agricultural landscape and huge population.

Thus, with the need for increasing the yield from farmlands, the use of biodegradable mulch films will keep growing.

Why Automotive Adhesives and Sealants Market Prosperity Reflects Focus on Lightweight Vehicles?

Ambient (outdoor) air pollution kills around 4.2 million people every year, reports the World Health Organization (WHO), and road transport has to take considerable blame. Daily, thousands of tons of nitrogen oxides, sulfur dioxide, carbon monoxide, and other harmful gases are emitted from vehicles. Concerned at this, governments of various countries have implemented strict guidelines, such as the Euro VI standards implemented in European Union countries and the Bharat Stage VI emission norms implemented in India, to keep a check on the emission of these gases from automobiles.

One of the best ways to reduce vehicular emission is cutting the weight of the automobiles, which is where adhesives and sealants come in. Thus, with the increasing consciousness on air pollution, the automotive adhesives and sealants market is expected to grow in value from $8,413.7 million in 2017 to $11,871.6 million by 2023, at a CAGR of 6.0% during 2018–2023 (forecast period). These materials are widely used in bonding purposes in the automotive sector, and with the rising focus on lightweight vehicles, their consumption is growing.

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By decreasing the weight of the automobile, the requirement for propulsion power is reduced. This way, the load on the engine is decreased, which brings down the consumption of fuel and, in turn, the release of toxic substances into the environment. Additionally, with a reduction in fuel consumption, the vehicle has to refill its tanks after longer periods, which further checks the overexploitation of crude oil sources. To reduce the vehicle weight, a lot of the iron and steel components are being replaced by lighter materials, such as aluminum and even carbon fiber.

Due to this, automakers face slight challenges, as keeping these components together via nuts and bolts is not a feasible solution, which is why adhesives and sealants are now being used for the purpose. Apart from their utility in bonding purposes, these materials are also known to make automobiles safer, offer better driving comfort, and improve their performance. With the engine having to propel a lighter load, the machine can push the vehicle at higher speeds, which is one of the first things people consider when buying a vehicle today, how fast it is.

Several types of sealants and adhesives, including acrylics, epoxy, rubber, polyurethanes, silicones, polyvinylchloride (PVC), and hot melts, are used by automotive companies. Among these, epoxy variants account for the heaviest consumption, as they are supposed to better improve automobiles’ structural integrity. With a strong consumer preference for a comfortable drive or ride, the usage of silicone adhesives and sealants is expected to increase the fastest in the near future. This is because they help keep vibrations to the minimum and also protect vehicle joints against heat.

Currently, Asia-Pacific (APAC) is the most productive automotive adhesives and sealants market, owing to the high vehicle manufacturing capacity of regional nations, particularly, China, Japan, South Korea, and India. For instance, compare to 4,782,896 in 2017, 5174645 vehicles were manufactured in India in 2018, which was a growth of 8.0% YoY, as per Organisation Internationale des Constructeurs d'Automobiles (OICA). Apart from domestic firms, even those based in Europe and North America are setting up production plants in APAC, because of the availability of low-cost labor and raw materials.

Therefore, with the increase in vehicle production, which is now subject to concerns over the degrading air quality, the demand for sealants and adhesives is going up, as they are essential to reduce the weight of automobiles.

Growth of Asia-Pacific (APAC) Automotive Adhesives and Sealants Market?

Due to the surging adoption of lightweight materials in the manufacturing of vehicles by various automobile manufacturing companies, the demand for adhesives and sealants is expected to observe significant growth in Asia-Pacific (APAC) in the coming years. Since the last few years, automobile manufacturers have been increasingly adopting lightweight materials, such as aluminum and plastic composites, in place of steel, in order to enhance the speed and power of the vehicle and reduce its weight. This is predicated to push the demand for adhesives and sealants, as these materials are required for maintaining the integrity of the vehicles.

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The other major factor responsible for the surge in the demand for adhesives and sealants in the APAC region is the booming automobile manufacturing sector in various countries, such as India and China, which are among the top five automobile producers on earth. Due to these factors, the APAC automotive adhesives and sealants market is expected to progress at a CAGR of 6.5% during the forecast period (2018–2023), at which it would ultimately grow from $3,403.6 million in 2017 to $4,938.0 million by 2023.


Automotive adhesives and sealants refer to substances used in various bonding and sealing processes in the automotive industry, primarily due to their ability to provide enhanced driving comfort, safety, and performance to vehicles. Although adhesives and sealants are chemically similar substances, their functions are quite different. These substances are used in various vehicle production processes, such as under-the-hood (UTH) and power train manufacturing, body-in-white (BIW), assembly, and painting. Amongst these, the assembly stage is expected to record the fastest growth in the consumption of these materials in the near future.


The APAC automotive adhesives and sealants market is currently subject to the automotive fuel economy policies being implemented in various countries. For instance, various fuel economy standards are being adopted in several countries, such as the light-duty vehicles (LDV) standards in Thailand, Philippines, Vietnam, and Indonesia and high-duty vehicles (HDV) standards in China and Japan. Due to the ability of the adhesives and sealants to improve the fuel economy of vehicles, these materials are being increasingly adopted by the manufacturers for meeting these strict regulatory standards.

In APAC, the Chinese automotive sector recorded the highest demand for adhesives and sealants in 2017. This is primarily attributed to the fact that China is an emerging economy and has the largest purchasing power parity in the region. In addition to this, nearly all the major automotive adhesive and sealant companies have their manufacturing plants in China, which significantly increases the adoption these materials in the country. However, the single biggest reason behind this is that China is the global leader in automobile production, which naturally creates a heavy demand for different materials that go into vehicle production.

Therefore, due to the rising need for lighter materials in the automobile manufacturing process, in order to produce fuel-efficient and faster vehicles, and the presence of major adhesive and sealant manufacturing factories, the demand for these products is expected to register huge growth in APAC in future.