BCC Research
Market Research Reports and Technical PublicationsArchive for September, 2008
Nanotechnology Medical Market Could Double Worth by 2013
In just five years, the global market for nanomedical technology could more than double its revenue to $3.8 billion. The market also has the potential to explode to $9.4 billion in 2018. These figures come from a study by BCC Research (Wellesley, MA).
The report, called Global Markets for Nanoscale Materials and Devices, separates the market into nanoparticles, other nanostructure materials, and nanotools or nanodevices. In 2007, these applications generated $1.7 billion.¹
¹Maria Fontanazza
Medical Device & Diagnostic Industry
One Word: Bioplastics – The Technology Gains Momentum, But Hurdles Remain
“It’s been 40 years since Mr. McGuire pulled Benjamin Braddock aside at his graduation party and said, “I just want to say one word to you. Just one word … Are you listening? … Plastics. There’s a great future in plastics.” ¹
¹Denise Ryan, NERAC.com
Global Sports Nutrition Market Topped $27.2B in 2007
WELLESLEY, Mass.—The global market for sports nutrition was worth $27.2 billion in 2007, according to a new report from market research firm BCC Research. The organization further estimated sales will top $31.2 billion in 2008 and reach $91.8 by 2013, a compound annual growth rate (CAGR) of 24.1 percent.
BCC’s report, Sports Nutrition and High Energy Supplements: The Global Market, breaks down the market into sports beverages, sports food and sports supplements, with beverages taking the largest market share and growing at the fastest rate. Revenues for sports beverages were $24.9 billion in 2007, and are expected to have a CAGR of 25.6 percent through 2013, resulting in an $87.0 billion market. The sports food segment was worth $1.2 billion in 2007 and will reach an estimated $1.5 billion in 2008. This should increase to $2.5 billion in 2013, for a CAGR of 10.0 percent. The sports supplements segment was worth $1.1 billion in 2007 and will reach an estimated $1.9 billion in 2008. This should reach $2.3 billion in 2013, a CAGR of 4.0 percent.
According to BCC, the United States is the largest consumer market for sports nutrition products, followed by Western Europe and Japan. Key market drivers include taste, price, variety and brand trust. Now that the demand for sports nutrition products is coming from mainstream consumers, convenience and taste are seen as the biggest growth drivers.¹
Growth Predicted for Process Spectroscopy Market
The value of the global market for process spectroscopy is projected to reach $1.2 billion in 2008, up from $945.9 million in 2006, according to a technical market research report from BCC Research, based in Wellesley, Mass. The value is expected to reach $1.9 billion by 2013, with a compound annual growth rate (CAGR) of 8.5 percent.
The worth of the equipment segment, which has the largest share of the market, is estimated at $957.8 million in 2008 and is expected to reach $1.4 billion in 2013, with a CAGR of 8.2 percent. The value of the applications segment, expected to be $282.6 million in 2008, should rise to $445.3 million in five years, with a CAGR of 9.5 percent.
Raman demand up
The demand for diode array and Raman scattering spectrometers is expected to grow rapidly between 2008 and 2013. The market for diode array spectrometers, which increasingly are being used in process spectroscopy, is projected to have a CAGR of 36.6 percent, and the market for Raman scattering spectrometers, a growth rate of 14 percent.
Published in May 2008, the report, “Process Spectroscopy: the Global Market” (IAS008C), is an update of the company’s 2005 report on the market (G-228R). It includes descriptions of process spectroscopy technologies, trends and forecasts for their growth over the next five years, and of discussions on anticipated innovations and new applications. Regulatory factors as they apply to applications are examined, and company profiles, including information on mergers or acquisitions, are included.
The analysis across the process spectroscopy market is based partly on reported revenue dollars and units as reported to the US Securities and Exchange Commission and/or other governmental agencies, as well as on previous process spectroscopy reports and on data gathered from various sources, including US Patent and Trademark Office databases. ¹
¹Caren B. Les; Photonics.com
Photovoltaics drive thin-film market for energy applications
Wellesley, Mass. — The global market for thin films in energy applications is projected to reach $3.9 billion in 2013 up from $1.1 billion in 2007 for a compound annual growth rate (CAGR) of 23.5%, according to BCC Research.
The new technical market research report, The Global Market for Thin Films in Energy Applications, divides the market into application segments for photovoltaics, concentrating solar power, geothermal energy, nuclear energy, batteries and fuel cells. Of these, the photovoltaics segment holds the largest share of the market, with $916.4 million in revenues in 2007. This is slated to increase to $1.2 billion in 2008 and over $3.3 billion in 2013, for a CAGR of 23.6%.
Thin films for fuel-cell applications are the second largest segment, with sales exceeding $82.0 million in 2007. Sales are expected to increase to $98.7 million in 2008 and $301.0 million in 2013, for a CAGR of 25.0%.
Thin films for batteries consume the third largest share of the market, worth $36.0 million in 2007 and an estimated $39.2 million in 2008. This segment should reach over $98.0 million in 2013, for a CAGR of 20.1%. This segment is followed by applications in nuclear energy, which are expected to see the slowest growth of any segment. Revenues in 2007 exceeded $25.0 million and are expected to increase only slightly in 2008. This segment is projected to reach $33.1 million in 2013 for a CAGR of 5.0%.
Concentrating solar power applications are expected to see the most robust growth of any segment. Sales for thin films in this segment generated $14.7 million in 2007 and an estimated $23.4 million in 2008. This is expected to reach $93.0 million in 2013 for a CAGR of 31.8%.
Thin films for geothermal applications hold the smallest share of the market, worth $2.7 million in 2007. This is expected to increase to $3.0 million in 2008 and $5.3 million in 2013, for a CAGR of over 12.0%.¹
¹Gina Roos; EETimes
Air compression energy storage finally finds an investor
An idea that has long been batted around by entrepreneurs and venture capitalists is finally getting its day in (or, more accurately, out of) the sun: pumping air into pressurized air cave systems. Then, the air is let out, and it spins turbines to generate electricity.
The method is used when it is not gusty enough topside for regular wind generation to work.
PSEG Energy Holdings will provide around $20 million to Energy Storage and Power, a joint venture between itself and energy storage expert Michael Nakhamkin, according to the AP. The company will work on marketing the technology to wind generators, primarily using natural caves once occupied by gas or oil.
The air is compressed in the caves by using electricity from wind turbines (which, by the way, aren’t the same turbines that the cave air spins).
Cave storage should prove useful in many of the same areas that wind turbines will be going up. In Texas, for example, where oil tycoon T. Boone Pickens is investing billions in wind, many of the same oil reservoirs he helped to empty will be available.
However, it should also be pointed out that this is one idea that has been floating about for several years — and never got a venture investment, as far as I’m aware (PSEG is a large holding company). There are likely numerous reasons for that. Caves that stored fossil fuels for millions of years can still spring leaks, for one, and they may or may not be of a useful size. Also, the air in the caves can’t provide an immediate substitute source of power if the wind dies down, mainly being used during longer windless periods.
And it’s not a totally clean solution; a natural gas turbine needs to be paired with the storage method, to heat the air (thus making it expand). Finally, energy is lost in all stages of the process, which translates into making the wind turbines working to store air less efficient.
Still, the prospects for any storage technology look pretty good right now. And that has everything to do with the scale of new demand for it: According to a new study released this morning by BCC Research, the US market for wind systems will be worth $60.9 billion in 2013, up from $11.2 billion this year.¹
¹Chris Morrison; Venture Beat
