power and energy

 In the Australia and New Zealand water-cooled heat recovery VRF systems market, the category of healthcare is projected to grow at a significant rate in the near future. This is credited to the rising population and the increasing requirement for improving the healthcare facilities in New Zealand and Australia. As per the ABS, Australia's population increased by 46,000 persons (0.2%) in June 2021 in comparison to June 2020. The requirement for medical and caregiving services is snowballing with the growing population, enabling an increase in the need for HVAC systems using the VRF technology in newly commissioned healthcare centers and as replacements at those that have existed for a while. There are many benefits to choosing VRF systems, such as energy efficiency, compact size, flexibility, and silent operation. The system also can trap the heat as part of the cooling process and channel it to other areas of the building that might need heating. Moreover, with the use of these sy...

 A number of factors such as the rising deployment of 3D cameras in the media & entertainment sector and the surging use of these cameras in construction and manufacturing applications across the world are expected to drive the 3D camera market at a robust CAGR of 50.2% in the foreseeable period (2016–2022). According to P&S Intelligence, the market generated revenue of $1,322.0 million in 2015, and it is expected to reach $19,893.0 million by 2022.  Moreover, the 3D camera market is observing the arrival of new players that are concentrating on the production of 3D cameras for the installation in home automation products and virtual reality (VR) systems. Some of the major players operating in the market include Sony Corporation, Nikon Corporation, Canon Inc., Go Pro Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, Faro Technologies Inc., LG Electronics Inc., Fujifilm Holdings Corporation, and Eastman Kodak Company. Browse detailed report - 3D Camera Market A...

 The Middle East and Africa (MEA) is one of the hottest regions on earth, with a large part of it covered by two great deserts: the Sahara and Arabian. This is why air conditioners are an important requirement here, especially during the scorching summers. Moreover, with climate change, higher temperatures are being recorded in the region every year. For instance, in 2017, temperatures of around 54 degree Celsius were recorded in Iran, Kuwait, and Iraq. Further, the Max Planck Institute for Chemistry says that the temperature rise in the region will be two-times faster than the global average. This is why P&S Intelligence expects the Middle East and Africa heating, ventilation, and air conditioning (HVAC) market to reach $10.1 billion by 2024 from $7.8 billion in 2018, at a 4.9% CAGR during the forecast period (2019–2024). Similarly, countries near or on the equator have average humidity of 50%, which makes ventilation systems necessary here. Thus, with the strengthening of the...

 Agricultural drones are being increasingly deployed in farms to improve crop productivity, as multi-spectral images captured by them offer vital data, such as soil and field analysis, crop growth, hydric-stress area, and health assessment, on real-time basis. The wide range of data helps farmers in locating underperforming areas, identifying crop-related diseases, and managing crops efficiently. Thus, the booming demand for enhanced crop productivity, owing to the soaring global population, will boost the deployment of agricultural drones in the forthcoming years. Moreover, the surging use of such drones for crop spraying will propel the agricultural drones market at a CAGR of 25.0% during 2019–2024. The market was valued at $1.5 billion in 2018 and it is expected to reach $6.2 billion by 2024. Deployment of agricultural drones for crop spraying allows farmers to monitor faraway locations on their agrarian lands on a real-time basis. These drones help in ensuring efficient sprayin...

 The rising prevalence of deaths due to tobacco smoking is fueling the need for vaping devices such as e-cigarettes. According to the World Health Organization (WHO), tobacco use is responsible for many respiratory and cardiovascular illnesses. Moreover, more than 20 different types or subtypes of cancer and various other debilitating health conditions are caused due to tobacco use across the world. The organization also reported that over 8 million deaths are caused because of tobacco consumption across the globe. Apart from impacting the health of smokers, tobacco also affects the health of non-smokers. As per the WHO, exposure to second-hand smoke is responsible for 1.2 million deaths every year and also causes various adverse health outcomes. Because of these factors, many people are preferring e-cigarettes over conventional tobacco-based cigarettes , thereby fueling the expansion of the e-cigarette market. Additionally, in response to the rising demand for these products, manu...

 The global ambient lighting market reached a valuation of $60.8 billion in 2019 and it is predicted to progress at a CAGR of 9.2% between 2020 and 2030. Furthermore, the market will generate a revenue of $156.5 billion by 2030, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the burgeoning requirement for energy-efficient lighting solutions and the increasing implementation of strict regulatory policies regarding energy efficiency in several countries. The ballooning demand for energy conservation is fueling the requirement for greater energy efficiency in various countries around the world. Moreover, the governments of several countries are enacting stringent policies regarding energy efficiency, which is consequently propelling the popularity of energy-efficient lighting solutions across the world. For example, as per the U.S. Department of Energy, the U.S. Energy Standard for Buildings is a critical parameter for b...

 With the surging emission of greenhouse gases, the demand for environment-friendly vehicles, such as electric vehicles, is soaring rapidly. As per Our World in Data, the transportation industry contributed 16.2% of the total greenhouse gas emissions all over the world in 2018. As electric vehicles can assist in reducing the emission of greenhouse gases, they play an important role in mitigating air pollution, improving public health, and reversing climate change. Since battery management systems are integral components of electric vehicles (EVs), the growing manufacturing and adoption of these vehicles is positively impacting the worldwide demand for these systems.  Apart from the aforementioned factor, the surging utilization of rechargeable batteries in consumer electronic devices is also fueling the demand for battery management systems. These systems are used in consumer electronics for controlling the operation of the battery. Additionally, these systems monitor the stat...