Infinium Global Research Advanced Phase Change Material (PCM) Market | Page 8

Advanced Phase Change Material (PCM) Market:: Global Industry Analysis, Trends, Market
Size and Forecasts up to 2023
The market size of advanced phase change material (PCM) Market is determined based on
the top down approach. The market size is validated using primary interview with the
participants working in some of the leading players in the advanced phase change material
(PCM) Market. The primary interview participants typically includes managers and CXO
level executives of the leading players in this market. The primary interviews not only help
identify the market size of the Advanced phase change material (PCM) Market but also
identify the factors that promote the growth in the market and the factors that restrain the
growth in this market. The views of primary respondents were reconciled to provide
qualitative analysis of the advanced phase change material (PCM) Market. The primary
respondents also help identifying top 5-10 players and their possible market share in the
respective country markets and in world market. The bottom-up approach is used to
validate the global market size of telemedicine. With the help of primary interviews and
secondary research the market size of telemedicine is determined for each country studied,
which then is added to arrive at the regional market size and thereby obtaining global
market size. This in turn helps us to validate the market size of telemedicine in the world
market.
Executive Summary
Global Advanced phase change material (PCM) Market Highlights, (USD Million)
The global Advanced phase change material (PCM) Market is expected to grow at a CAGR of
17.2 % between 2017 and 2023 in terms of value.Theadvanced phase change material
market is driven by the end-use applications such as building and constructions.Moreover,
increase in importance of energy conservation and application of advanced materialsd such
as textile sector is also the factor responsible for driving the growth of themarket.The
factors restraining the growth of market are lack of awareness among the consumers
regarding the change in phase of material and high cost of phase change materials.The
demand for energy saving and environment eco-friendly technology is expected to be the
key opportunities for ther players in the advanced phase change material market.
© Infinium Global Research
Page 8