Array Instruments Market – Expected To Rise At A CAGR Of Around 4 Percent In The Future

The worldwide array instruments market was worth USD 0.9 billion in 2014 and is projected to expand healthily from 2014 to 2020. It is estimated to rise from 2014 to 2020, at a CAGR of around 4 percent. One of the significant factors that drives this market is the various technological enhancements.

 

Of late, the market has been experiencing more consolidation. Nevertheless, growing rivalry among retailers could hinder the progress of this market. The array instruments market can be fragmented on the basis of end-users, technologies and geographical regions. The region of North America accounted for near half of the entire share of the market and leaded on a worldwide basis.