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Global Curved Televisions Market to Grow at a CAGR of 96.7% between 2013 and 2019: Transparency Market Research

Albany, NY, Oct. 21, 2014 (GLOBE NEWSWIRE) -- A new research report based on the global curved televisions market has now been added to Transparency Market Research's (TMR) comprehensive database of market research reports. TMR is a U.S. based market intelligence firm.

The report titled "Curved Televisions Market (By Screen Size - Large-sized Curved Televisions, Mid-sized Curved Televisions and Small-sized Curved Televisions) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", states that global curved televisions could grow at a tremendous CAGR of 96.7% between 2013 and 2019, and the market is poised to be worth US$ 8.4 billionby 2019. This market valued mere US$ 0.14 billion in 2013. An innovative design and enhanced features of curved television sets are the major factors driving their global demand from residential as well as commercial sectors.

Browse full Curved Televisions Market report with complete TOC: http://www.transparencymarketresearch.com/curved-televisions-market.html

Currently, the global market for curved television sets is highly limited to commercial trade centres, top class shopping malls and individuals with high disposable incomes due to high prices of these products. This resulted in low market penetration in 2013 and 2014 in the commercial sector. In residential sector too, the market penetration of the global curved television market is quite low, presenting strong growth potential in the future.

The report segments the curved television market according to three major factors - the technology used for manufacturing curved televisions, standard sizes of curved televisions, and the chief regional markets.

Browse Press Release of Curved Tv Market: http://www.transparencymarketresearch.com/pressrelease/curved-televisions-market.htm

Based on the technology used for manufacturing curved televisions, the market is segmented into LED and OLED curved televisions. The choice between these two technologies plays a vital role in deciding the final cost of the end product. Currently, OLED curved televisions cost higher than LED curved televisions, though eventually the prices of OLED curved television sets are expected to drop significantly.

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Based on the size of screen, the global curved television market is segmented majorly into three categories, namely small-sized, mid-sized, and large-sized curved televisions. The segment mid-sized curved televisions garnered the major market shares in 2013. This segment is also expected to continue its dominance over the other two segments of the market.

North America emerged as the leading regional market of the global curved television market in 2013, followed by Europe. However, curved television market in the Asia Pacific and ROW region is expected to observe highest growth during the forecast period. These regions present tremendous growth opportunities due to rising disposable incomes, increasing living standards and large population base and the comparatively low market penetration than North American and European markets.

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The global curved television market, though in its nascent stages of innovation and market maturity, is highly competitive in nature. Some of the leading companies mentioned in the report include Samsung Electronics Co. Ltd., Haier Group, Sichuan Changhong Electronics Co. Ltd., Sony Corporation, and LG Electronics, Inc., among others. These companies have the major market shares of the already limited current market. However, during the forecast period, the dominance of these market players is expected to weaken due to the entry of many Chinese manufacturers in the global curved televisions market.

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Source:Transparency Market Research