power and energy

The Asia-Pacific (APAC) compressor market attained a value of $19.9 billion in 2019, and it is predicted to advance at a CAGR of 3.2% between 2020 and 2030. Furthermore, the market will generate a revenue of $25.7 billion by 2030. The factors driving the market expansion are the expansion of the heating, ventilation, and air conditioning (HVAC) and automotive industries and the surging investments being made in infrastructural development and gas pipeline projects in the region. The soaring infrastructure spending of several APAC countries such as India and China is fueling the growth of the market. For instance, China currently has many infrastructural projects in the pipeline, with the transportation sector being one of the major contributors. The country announced the launch of urban rail projects worth $43.3 billion (CNY 298 billion) in Shanghai in December 2018. Similarly, the Indian government has recently announced its decision of building 100 smart cities and renovating other 5...

 The South Korean e-cigarette market is projected to attain a revenue of $3.5 billion by 2024, increasing from $874.3 million in 2018, advancing at a 24.5% CAGR during the forecast period (2019–2024), according to a report by P&S Intelligence. The market is growing due to the increasing consciousness regarding health in the country, technological advancements in product design, and rising shift from conventional cigarettes to e-cigarettes. When gender is taken into consideration, the market is divided into female and male.  Between the two, the male division dominated the market in the past, as the penetration of these products is significantly low among women in the country. The religious and conservative values that are followed in South Korea prohibit women from utilizing tobacco-based products. This being said, the increasing education level and swift urbanization are leading to changes in the situation. Enterprises have now started conducting targeted marketing campai...

 Light sensors are installed in consumer electronic devices like smartphones and tablets to control automatic screen brightness and other features, which require the light to be sensed. The adoption of these electronics will escalate, on account of high demand from young population, especially the millennials. With a boom in the world population, the penetration of these devices will increase in the future. Owing to this reason, the light sensor market will accelerate at 9.5% CAGR during 2020–2030. According to P&S Intelligence, the market generated $1,456.2 million revenue in 2019. Additionally, the establishment of smart cities has amplified the usage of light sensors, globally. These townships have sensor-based lights, primarily for ambient light sensing, as the lights in these cities have to be energy efficient. Due to this reason, the lights will switch on or increase the brightness when it gets dark. Similarly, during the day time, the artificial lights will either switc...

  According to the International Energy Agency (IEA), over 3.1 million electric vehicles (EVs) were sold in 2020, globally. Governments across the world are offering financial benefits, in the form of subsidies, tax exemptions, and incentives, to fuel the production and adoption of EVs. For instance, the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India)-II scheme was approved by the government of India in 2019 with an outlay of INR 10,000 crore. Around 86% of the fund has been allocated for demand incentives, to make EVs affordable in India. The increasing preference for EVs can also be attributed to the rising concerns regarding air pollution. Due to the high EV sales, the EV charging cables market generated revenue of $250 million in 2020. Vehicular emissions are one of the leading causes of air pollution as it is caused due to the combustion of fossil fuels. The burning of non-renewable fuels, including diesel and gasoline, emits greenho...

 The surging geriatric population in several countries is positively impacting the sales of MRI systems across the world. According to the 2017 World Population Ageing report published by the United Nations Department of Economic and Social Affairs (UNDESA), the global population of people in the age bracket- 60 years or above is rising rapidly. As geriatric patient care needs efficient management via cutting edge technologies, the soaring geriatric population is massively boosting the worldwide demand for MRI systems. MRI also provides excellent characterization of various musculoskeletal diseases and is used for detecting suspected soft tissue invasion. Thus, due to the intensive patient care requirements of the geriatric population, numerous medical facilities and healthcare centers are increasingly incorporating technologically advanced and innovative radiology systems. This is, in turn, pushing up the sales of MRI systems all over the globe. Furthermore, numerous research and ...

  According to the World Health Organization (WHO), every year, 17.9 million human deaths are caused by cardiovascular diseases and 9.6 million by cancer. Moreover, as per the Centers for Disease Control and Prevention (CDC), six in every 10 U.S. citizens have at least one chronic disease, while four in every 10 have at least two. Medical imaging has proven to be an extremely useful tool in diagnosing these and a lot of other diseases and disorders, which is why the volume of X-ray, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), and positron emission tomography (PET) scans is rising around the globe. With these technologies, doctors get a good look at tissues, bones, muscles, organs, blood vessels, glands, and lymph nodes.  While, in many places, films are the preferred media for capturing and displaying the images, the preference for having them directly converted to a digital form, to be viewed with greater convenience on computer screens, is rapidly...

  The global population will increase from 7.7 billion currently to 9.7 billion by 2050, says the United Nations Department for Economic and Social Affairs (UNDESA), in its latest World Population Prospects report. With this, the hold of various chronic and acute diseases on the world is rising, as is of all other issues that can take someone to a doctor. With the growing demand for medical services, the number of hospitals and other healthcare settings is increasing. This is resulting in the surging requirement of various devices, instruments, and systems used at such places, as well as the individual components which make up such stuff, including sensors.  Therefore, with the rising demand for healthcare, the disposable medical sensors market is advancing around the world. Accelerometers, biosensors, temperature sensors, pressure sensors, image sensors, and several other kinds of sensors are used in medical settings. Among these, the usage of image sensors is expected to in...

 One in every four deaths, i.e. 647,000 deaths in the U.S., are a result of cardiovascular diseases (CVD), according to the Centers for Disease Control and Prevention (CDC). If the heart is still beating, but in an arrhythmic pattern, a defibrillator is used to treat it. The device sends an electric shock, which neutralizes a large amount of the current coming from the heart’s natural pacemaker, to allow the sinoatrial node to resume its normal functioning. Arrhythmias can be fatal if not stopped immediately, especially ventricular fibrillation (v-fib), during which the body has no pulse. Therefore, with the increasing CVD prevalence, the North American defibrillators market is projected to reach $8.1 billion by 2023 from $6.1 billion in 2017, at a CAGR of 4.9% during the forecast period (2018–2023). A major reason behind the increasing CVD prevalence is the swiftly surging geriatric population in the region. As per the Population Reference Bureau report published in 2018, the popu...

  The increasing investments being made in the industrial sector in many countries, especially emerging economies such as India and China, are fueling the rapid growth of numerous industries such as the petrochemical industry in those countries. The boom of the industrial sector is a major factor responsible for the soaring requirement for boilers across the globe. Moreover, the growing requirement for energy efficient devices and systems is further pushing up the sales of boilers in several countries around the world.   Besides the aforementioned factors, the flourishing food processing industry is also boosting the sales of boilers all over the globe. Moreover, the rising initiatives being taken by various governments for promoting the progress of the food processing industry are positively impacting the demand for boilers. For example, the Indian government is providing numerous tax incentives to the small and medium enterprises (SMEs) operating in the food processing ...

  With the air quality reaching hazardous levels and the carbon emissions rising at alarming rates in several countries, environmental conservation is rapidly becoming a priority for governments all over the world. As a result, they are increasingly taking various initiatives for raising public awareness about the environmental degradation caused due to the usage of fossil fuel-based power and promoting the adoption of renewable and green energy sources such as solar, hydro, biomass, and wind for electricity generation. This drastic rise in the adoption of green technologies is massively fueling the surge in the demand for distributed energy generation systems across the world. This is mainly because these systems are highly eco-friendly and thus, majorly mitigate the carbon emissions released into the atmosphere during power production. Moreover, the decentralized operation provided by the distributed energy generation systems significantly reduce the power losses that usually occ...

  In an article published in January 2019, the National Geographic Society had said that the levels of greenhouse gases (GHG) in the atmosphere are currently the highest in the past 800,000 years! This has drastically affected the global climate, which is visible in the erratic or unseasonal rainfall, snowfall in hot deserts, and a general increase in the temperature, known as global warming. Everybody now knows who is responsible for it…we, humans are. This is why efforts are now on to decrease the emission of GHGs, so that the air we breathe can be cleaned up. This is one of the primary reasons for the growth of the hydrogen generation market , as analyzed by P&S Intelligence, a market research firm. Since much of the GHG emissions are attributed to the burning of crude oil-based fuels and coal, the demand for alternative fuels has been on a constant rise. Since the 1950s, hydrogen has been one of the key fuels for NASA’s space missions. Even more interesting is that the gas,...

  Decorative coatings are applied on exterior and interior surfaces for enhancing the aesthetic appeal of the structure and also for providing a protective layer to the surface in order to protect it against fading, corrosion, moisture, bacteria, and ultraviolet (UV) radiation. These coatings posses various beneficial characteristics such as anti-slip, anti-microbial, fire-resistant, and anti-graffiti properties and are available in different colors for meeting the requirement of multiple sectors such as education, industrial, and healthcare. The demand for these coatings is surging rapidly, on account of the rising infrastructural development and construction activities across the globe.   “According to the United Nations Department of Economic and Social Affairs (UNDESA), the population in the world is predicted to increase to 8.6 billion, 9.8 billion, and 11.2 billion by 2030, 2050, and 2100 respectively, with an addition of almost 83 million to the global population ...

  Perovskites are basically a class of materials that have a similar structure and possess various characteristics such as magnetoresistance and superconductivity, owing to which, they are being increasingly used in solar cells for generating solar power. Furthermore, the perovskites-based solar cells offer greater convenience, in fabrication, and are available at much lower costs than the traditionally used solar cells. In addition to this, these solar cells provide excellent power conversion rates, which in turn, leads to higher efficiency in power generation.  Besides the above-mentioned factors, the other reasons behind the soaring sales of perovskite solar cells (PSCs) are the surging awareness amongst the people about the various advantages offered by these cells over the conventionally used silicon photovoltaic (PV) systems and the rising number of research and development (R&D) activities being performed on PSCs. Moreover, the increasing popularity of solar energy...

  Factors such as the escalating concerns over the rising greenhouse gas emissions and mounting need for biodiesel-based fuel , owing to the environmental concerns associated with fossil fuel combustion, will steer the biodiesel market growth during the forecast period (2021–2030). According to P&S Intelligence, the market revenue reached around $39.0 billion in 2020. Besides, the soaring number of research and development (R&D) projects being launched in the renewable energy sector and rising number of government initiatives and regulations mandating the adoption of biodiesel will also facilitate the market growth in the upcoming years. The soaring concerns being raised over carbon dioxide (CO2) and greenhouse gases, such as carbon monoxide (CO), hydrocarbons (HCs), and Nitrogen Oxides (NOx) emissions act as the key contributor to the market growth. Biodiesel emits 50% lesser greenhouse gases than conventional fuels and it is also free of aromatic and sulfur compounds. For...

 Food chains such as Pirates of Grill and Barbecue Nation are trending in India, as people here are rapidly getting drawn to barbecued and grilled food. The situation in other countries of Asia is similar, where citizens are taking up this kind of food more often than before. Such restaurants allow diners to see their food being grilled in front of their eyes, in a small pit built into the table itself. Moreover, live music, drinks, and the prospect of hanging out with friends at such restaurants are attracting a lot of youngsters. This is one of the key reasons that P&S Intelligence says will help the Asian charcoal briquettes market reach $1,158.4 million by 2024 from $952.5 million in 2019, at a 6.2% CAGR between 2020 and 2024. Barbecue has, for long, been associated with the culinary culture of South Korea, Japan, and Australia, whereas the tandoor is, in a way, synonymous with Indian food. All these food traditions have majorly utilized coal till now, but with time, the aw...

 People nowadays are increasingly making use of cosmetic products, as the focus on physical appearance has risen significantly. The surging usage of social media platforms and increased standard of living is further contributing to the rising consciousness regarding physical appearance. Moreover, due to improved economic conditions, the disposable income of people has increased significantly, owing to which, they are able to afford pharmaceutical and cosmetic products. This expansion of the cosmetic industry is also resulting in the growing demand for raw materials that are used in the industry.   One of such products is lactic acid , and it is utilized in the production of chemical peels, anti-aging products, and skin hydrating agents. The compound exists naturally in fluid and solid form. The acid is also produced commercially for application in a number of industries. Other than the cosmetic industry, lactic acid is also used for synthesizing lactic acid polymers, whi...

The expansion of the construction, hospitality, and tourism industries is one of the major factors driving the demand for facility management services across the world. Furthermore, the rising urbanization rate, rapid economic progress, and the launch of smart city and infrastructural development projects by the governments of several countries are also pushing up the requirement for these services, as these services are heavily required by businesses and commercial establishments such as mega food parks, shopping malls, and special economic zones (SEZs) for catering to the needs of people.   Additionally, the surging number of corporate offices and retail stores in several countries, on account of the economic growth and increasing industrialization and urbanization rates, is also fueling the demand for facility management services all over the world. Owing to the aforementioned factors, the facility management market is predicted to exhibit huge expansion in the coming year...