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...