power and energy

 For the longest time, drones, technically unmanned aerial vehicles (UAVs), have been used strictly by militaries. They use them for monitoring border areas, patrolling, keeping a watch on enemy installations, tracking smuggling and other illegal activities, controlling crowds, and carrying out search and rescue operations. Moreover, governments have strictly regulated drone usage by civilians till now out of fear of them being used to send supplies to enemies and even carrying out attacks and bombing. However, with the formulation of proper rules and guidelines for normal people to use UAVs in recent times, P&S Intelligence expects the consumer drones market to witness the massive growth in the years to come. Drones are being increasingly used for non-military purposes in agriculture & forestry, energy & utilities, construction, oil & gas, logistics & transportation, mining & quarrying, insurance, aviation, retail, government, and education sectors. Moreov...

The expansion of the construction industry is one of the biggest factors responsible for the soaring demand for heating, ventilation, and air conditioning (HVAC) services in Qatar. Moreover, with the sharp surge in infrastructural development and construction activities, the HVAC industry is exhibiting rapid expansion in the country. The industry is predicted to grow at nearly 7.7% rate between 2018 and 2023. Furthermore, the construction industry registered a year-on-year growth of 20% from 2017 to 2018. The industry was being driven by Qatari government’s National Vision 2030, under which, the government plans to develop non-oil sectors in the country in order to reduce the country’s reliance on the oil and gas industry and to develop infrastructure for hosting the FIFA World Cup 2022. Some of the major construction projects launched recently in the country are Sheraton Park (2016), Hamad International Airport (2014), and Sidra Medical Research Centre (2018). Read Full Report: Qatar ...

  The South African e-cigarette market is growing due to the rising health consciousness in the country and increasing sale of such products via online platforms. As a result of these factors, from $20.7 million in 2018, the size of the market is expected to witness an 18.6% CAGR during the forecast period (2019–2024), to reach $62.0 million by 2024. Such devices do not contain tobacco, but a vial filled with a liquid containing nicotine and other flavors. Vape mod, vaporizer, cig-a-like, and T-vapor are the various categories under the product type segment. Among these, during the historical period (2014–2018), the South African e-cigarette market was dominated by the vaporizer category, as these devices are cheap, produce dense mist, and are compatible with numerous flavors. During the forecast period, the highest CAGR in the market will be experienced in the T-vapor category. This is attributed to the ability of these variants to produce smoke similar to a conventional cigarette...

 From $26.8 billion in 2019, the industrial refrigeration systems market is expected to reach a value of $41.1 billion by 2030. Furthermore, the market will exhibit a CAGR of 5.0% from 2020 to 2030 (forecast period), as per the estimates of the market research company, P&S Intelligence. The major factors driving the market are the mushrooming utilization of refrigerators in the pharmaceutical and chemical industries and booming cold chain and food processing industries across the world.  With the mushrooming sales of biologic products and biotech drugs, the cold chain industry is expanding rapidly. This is because special logistics solutions are required to maintain the quality of these temperature-sensitive (2–8 °C) products, especially during their transportation from warehouses to patients, pharmacies, clinics, and hospitals. Moreover, the growing consumption of these items in developing and developed nations is fueling the expansion of the cold chain sector, which is, ...

 The increasing disposable income of people, especially in the emerging economies such as India and China, is one of the biggest factors responsible for the soaring sales of heating, ventilation, and air conditioning (HVAC) equipment in Asia-Pacific (APAC). Due to the rising disposable income of people, their purchasing power is growing rapidly, which is, in turn, causing a sharp surge in consumer spending in this region. Nowadays, people are spending heavily on appliances such as refrigerators and air-conditioning systems. HVAC systems and equipment are nowadays used extensively by the general public, especially in India. This is mainly because of the increasing purchasing power of people residing in the regional countries and the fall in the prices of these systems. Apart from this factor, the soaring investments being made in construction and infrastructural development projects in India and China are also positively impacting the demand for HVAC systems in the APAC region....

Factors such as the increasing government support for energy-efficient lights, decriminalizing of marijuana for medical purposes in several countries, and soaring demand for agricultural products will fuel the horticulture lighting market at a CAGR of 18.1% during 2020–2030 (forecast period). The market stood at $3.2 billion in 2019, and it is expected to reach $20.3 billion by 2030. Moreover, the booming world population and increasing popularity of vertical farming will facilitate the market growth in the foreseeable future. The rising adoption of vertical farming will fuel the horticulture lighting market growth in the coming years. The reduction of arable land is pushing farmers to make the optimum use of whatever space they get, to meet the growing needs of the booming population. Vertical farming encompasses the cultivation of crops indoors, in layers stacked above each other, with artificial lighting providing the illumination. This technique has the potential to reduce the requ...

  SIAM states that the automotive industry of India manufactured 22,652,108 vehicles, including quadricycles, passenger vehicles, two-wheelers, three-wheelers, and commercial vehicles, in April–March 2020. The association further states that 3,062,221 passenger vehicles, 624,939 commercial vehicles, 611,171 three-wheelers, 18,349,941 two-wheelers, and 3,836 quadricycles were produced in the country in FY 2020–2021. The flourishing automotive sector, owing to the easy availability of raw materials and labor, will result in the large-scale deployment of compressors in India.  Additionally, the flourishing manufacturing sector, on account of the increasing inflow of FDI, will drive the Indian compressor market at 6.2% CAGR during 2020–2030. The market was valued at $1,943.4 million in 2019, and it is expected to generate $2,891.9 million revenue by 2030. The manufacturing sector uses industrial air compressors for tool powering, stamping, and clamping. Nowadays, the rapid shift t...

The Middle East and Africa (MEA) commercial refrigeration equipment market is set for lucrative growth in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. The market is being driven by the rapid development of various organized retail chains, hypermarkets, and supermarkets, the rising popularity of ready-to-eat food items, and the soaring imports of various frozen meat products all over the region. The developing nations of MEA such as Egypt, South Africa, Algeria, and Morocco are witnessing the rapid development of hypermarkets, supermarkets, and restaurants, on account of the rising urbanization rate and the increasing implementation of favorable government policies. Moreover, the surging disposable income and purchasing power of people and the expansion of the food retail industry and grocery stores in these countries are massively boosting the sales of refrigeration equipment in the MEA region.  Get More Insights: Middle ...

The Asia-Pacific (APAC) chiller market was valued at $3.6 billion in 2018, and it is expected to reach $4.9 billion by 2024, progressing at a CAGR of 5.4% during the forecast period (2019–2024). This growth can be attributed to the expanding construction sector on account of the rising infrastructure expenditure and rapidly growing food and beverage industry. Moreover, the soaring number of information technology (IT) hubs in APAC countries will stimulate the market growth in the future. The rising infrastructure expenditure in APAC nations, such as India and China, is a key factor supporting the market growth. India has several infrastructure development plans for metro networks, airports, and railway stations in the pipeline. For example, 413 miles of metro lines are being constructed in 15 Indian cities. Additionally, the Indian government is planning to establish nearly 100 airports in the next 15 years, among which 70 will be constructed at new locations. Considering India’s hot a...

The rising need for energy-efficient products and increasing deployment of the photonics technology in communication applications will help the photonics market grow at a CAGR of 6.9% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $576.8 billion in 2019, and it is projected to generate $1,214.5 billion revenue in 2030. Besides, the escalating demand for electronic products, such as smartphones, tablets, wearable devices, and laptops, will contribute to the market growth globally. The burgeoning demand for energy-efficient products is one of the key growth drivers for the market, as such products help in reducing the fossil fuel consumption at power plants and operate efficiently for long hours at low maintenance costs. As a result of these advantages, energy efficiency has become a prominent parameter in the development of high-performance computing systems. Moreover, the photonics technology is being extensively used in the producti...

The global commercial air conditioner (AC) market registered a sale of 17.6 million units in 2019, which is expected to increase to 25.4 million units by 2030. The market is expected to experience a CAGR of 3.5% during the forecast period (2020–2030). This can be attributed to a multitude of factors, such as the growth in the purchasing power of people, expansion of the construction industry, and surge in the urban population and tourism activities. Currently, refrigerants with a low Global Warming Potential (GWP) are trending. At present, the demand for hydrochlorofluorocarbon (HCFC)- and chlorofluorocarbon (CFC)-based refrigerants, such as R404A, R507, and R22, is rather high due to their easy availability. However, the rising consciousness regarding their harmful effects on the environment has led to the replacement of these CFC and HCFC refrigerants with R32 and other low-GWP variants. In October 2016, 197 nations ratified the Montreal Protocol, according to which high-GWP variants...

Structured cabling can help in making cabling management easy as it can be laid and managed by fewer staff members. This is why this system is required in today’s times when the penetration of the internet is rising in almost every sector. According to P&S Intelligence, the increasing use of the internet is raising the demand for high bandwidths, as they enable data-intensive enterprise processes, such as high-volume online search, real-time data gathering, transfer, remote employee monitoring, and video conferences. Thus, the installation of advanced cabling is rising among government, telecommunications, commercial, and industrial organizations. In addition, this cabling system can be cost-effective in the long run and time-saving, and it is a more organized and -standardized cabling approach than patch cords. Due to such advantages, the structured cabling market 2030 size will be $12,916.5 million, compared to the estimated $6,912.1 million of 2021, growing at a stable 7.2% CAGR...

 Constant technological developments are quintessential for the sustainability of any technology. This holds true for the lighting technology as well. As a result, the emergency lights manufacturing companies are making huge investments in research and development (R&D) activities to increase the lifespan and performance of their offerings. The incorporation of light-emitting diodes (LEDs) in red and green exit signs is one of the prominent technological advancements made in emergency lighting systems in recent years. These lights are more affordable and offer more energy efficiency than the traditional lighting sources.  The declining prices of LEDs, owing to the continuous technological developments, will therefore help the emergency lighting market advance at a CAGR of 6.4% during 2021–2030. The market revenue stood at $5,386.0 million in 2020 and it is projected to reach $9,993.4 million by 2030. LED emergency lights are being increasingly used in residential, commerci...

One of the key factors fuelling the surge in the requirement of geotechnical instrumentation and monitoring solutions is the soaring construction and infrastructural development activities all around the world. “The total spending in the global construction industry was observed to be as much as $11 trillion in 2017”. According to many reports, “this number would rise to $13.5 trillion by the end of 2024”. This is mainly because of the surging infrastructural development projects such as those pertaining to the building of roadways and high-speed railway tracks in countries such as the U.S., India, and China. Besides the increasing transportation infrastructure development projects, the rapid construction of skyscrapers is also powering the sales of geotechnical instrumentation and monitoring systems across the world. These systems are required during the initial planning phases of skyscrapers for determining the various necessary details related to the foundation of these structures. ...