PTFE Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast

In 2018, the global polytetrafluoroethylene (PTFE) market generated a revenue of $2,197.8 million and is projected to attain a value of $2,953.6 million in 2024, witnessing a 5.0% CAGR during the forecast period (2019–2024). In terms of end use, the industrial processing sector is predicted to dominate the market during the forecast period, as the chemical is utilized for coating different products in the chemical processing industry in order to improve the electrical load bearing capacity of the base material, decrease friction and sticking, and enhance chemical and heat resistance.

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On the basis of type, granular category is expected to hold the largest share of the PTFE market during the forecast period, which is attributed to the suitability and extensive usage of this type in seals, gaskets, and rings for aerospace and automotive applications. The fastest growth is projected to be registered by the powder category during the forecast period because of its wide applications in coatings and electrical tapes, cables, and wires. In terms of application, the market is predicted to be dominated by the coatings’ division during the forecast period.

The rising requirement for PTFE from the electrical & electronics industry is a key driving factor of the PTFE market. PTFE finds in applications in different electrical & electronics products, such as fabrication of semiconductor devices, cable tires, barb insulators, battery binders, connectors, circuit breakers, and brush holders. In addition to this, the requirement for electrical and electronics goods is expected to increase in the coming years due to the growing population, primarily in the South Asian countries. This is further projected to drive the demand for PTFE.

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The utilization of PTFE in medical devices is a key trend in the PTFE market. PTFE has replaced the usage of conventional plastics because of its properties such as resistance to ultraviolet radiation, coefficient of friction, and chemical inertness. These properties make it suitable for sutures, bio-containment vessels, catheters, and syringes. Apart from this, the high chemical resistivity of PTFE makes it suitable for multi-lumen tubing, which is needed in minimally invasive procedures.

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What is the Major Trend Currently Observed in Global Sleep Apnea Devices Market?

The prevalence of obstructive sleep apnea (OSA) has risen considerably over the past few years. OSA is a serious sleep disorder and causes the breathing to stop and start during sleep. This disease is a type of sleep apnea and occurs when muscles of the throat relax intermittently and block the airway while sleeping. Some of the major symptoms of OSA include, loud snoring, excessive daytime sleepiness, abrupt awakenings accompanied by choking or gasping, morning headache, and observed episodes of stopped breathing during sleep. Attributed to this growing prevalence of OSA, the need for sleep apnea devices is growing rapidly.

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As per a report by P&S Intelligence, the global sleep apnea devices market is predicted to attain a value of $6.8 billion by 2023, rising from $4.4 billion in 2017, and is expected to advance at a 7.7% CAGR during the forecast period (2018–2023). Sleep apnea devices are of two types therapeutic and diagnostic, between which, the demand for therapeutic sleep apnea devices was higher in the past, and these devices are further predicted to be more in demand in the coming years as well.

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All these devices are utilized at-home and at sleep laboratories. The larger demand for sleep apnea devices in the past was created by sleep laboratories in the past, which is owing to the rising per capita healthcare spending and increasing investments by private and public organizations. Other than this, the demand for sleep apnea devices for utilization at-home is also projected to rise considerably in the years to come. This can be ascribed to the rising need for easy-to-use and compact devices in homecare settings across the globe. 

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Commercial Refrigeration Equipment Market Boom a Result of Economic Prosperity

In 15 years between 2002 and 2017, the average national per capita income around the world grew from $4,600 to $8,800, the World Bank reports. This has led to a significant increase in the spending power of people, which is helping them buy slightly costlier stuff, such as packed and ready-to-eat food products and beverages.

Hence, with the rising demand for ready-to-eat and packaged foods and beverages, the growth of commercial refrigeration equipment market is predicted to reach $59.0 billion by 2023, at a 6.2% CAGR during the forecast period (2018–2023). Such equipment is available as walk-in coolers, transportation refrigeration systems, display cases, beverage refrigeration equipment, ice making machinery, and parts.

Among these, the highest demand during 2013–2017 was for beverage refrigeration equipment, due to the technological advancements in such systems and changing consumer preference regarding hospitality. Food service, food and beverage retail, and food and beverage distribution are the major purposes for which such equipment is used. Historically, firms dealing in food service accounted for the highest adoption of such devices, due to the importance of instant food availability at hotels and restaurants.

With the increase in the number of such establishments, the demand for commercial refrigeration equipment for food service continues to boom. During the forecast period, the fastest growth in the usage of these systems would be for food and beverage retail.

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In fact, the growth of the organized retail sector is one of the primary reasons behind the increasing sale of equipment for commercial-scale refrigeration. In most nations, people in cities enjoy a higher purchasing power than those in rural areas. With the rapid urbanization, particularly in emerging economies, such as Brazil, India, and China, the demand for frozen and ready-to-eat stuff is rising.

Hence, as people’s demand for packaged, frozen, and ready-to-consume food products rises, so would the installation of refrigeration equipment at hypermarkets, supermarkets, and retail stores that offer such stuff.

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Insulation Market to Witness 8.6% CAGR during 2018–2025

The global air conditioner and refrigerator markets are witnessing significant growth, majorly because of the increasing demand for these systems from countries such as China and India. Moreover, due to global warming, the need for energy efficient heating, ventilation, and conditioning (HVAC) equipment is also surging. The energy efficiency of HVAC systems is determined by the amount of energy that is being consumed for the desired level of heating or cooling; hence the lesser the energy consumed, the higher the efficiency of the appliance. 

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In order to reduce the consumption of energy by enhancing the efficiency of insulation materials utilized in heating and cooling systems, various technological advancements are being undertaken. The process of insulation refers to the prevention of flow of sound, heat, or electricity, either from or into a building, by making use of non-conducting material. Among all the insulation products, the largest demand was created for glass wool during 2014–2017. 

 As per a study conducted by P&S Intelligence, in 2017, the global insulation market reached a value of $52,296.0 million and is predicted to grow at an 8.6% CAGR during the forecast period (2018–2025). The primary products utilized for providing insulation are mineral wool, expanded polystyrene (EPS), glass wool, and extruded polystyrene (XPS). Some other insulating products include calcium silicate, cellular glass, melamine foam, polyethylene, aerogel, calcium-magnesium-silicate fibers, perlite, expanded rubber, and spray foam. 

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Glass wool is a thermal insulator comprising knotted and flexible glass fibers that traps the air inside, resulting in low density. The insulator is made up of sand and has acoustic and thermal insulation properties, in addition to low weight and high tensile strength. During the forecast period, however, the largest demand is projected to be created for EPS. This is ascribed to its extensive usage in several thermal and acoustic applications due to its various properties including fire resistance, durability, light weight, and ease of recycling.

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How Technological Advancements Have Led to Flourishing Mobile Virtual Network Operators (MVNO) Market

Among the main reasons smart technology has become an indispensable part of our lives is the invention of compact and easily accessible devices, such as smart phones and computers, which utilize internet and mobile services to operate. The growing demand for cellular and broadband connectivity, in recent years, has been met by mobile virtual network operators (MVNOs) as they focus on innovative distribution and segment-based pricing strategies. They are able to provide cost-efficient mobile services to people as they utilize the existing telecom infrastructure of bigger mobile network operators (MNO). 

A P&S Intelligence study claimed that the MVNO market would grow to $98.0 billion in the near future from $55.1 billion in 2017 at a 9.7% CAGR. MVNOs are service providers who do not own cellular network infrastructure and licensed spectrum but purchase network services at wholesale prices from bigger MNOs and provide customers with services under their own brand name and retail prices. Media/entertainment, discount, business, telecom, migrant, retail, cellular M2M, and roaming are different types of MVNOs. In 2017, discount MVNOs remained the most profitable and will continue making the most of these services in the coming years. 

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Advancements in technology and the increasing spending power of consumers have resulted in the rising popularity of mobile phones and other such devices. Technical advancements have contributed immensely in bringing down the manufacturing and purchase cost of such devices, thereby leading to their increasing penetration and demand in society. This, in turn, has upped the demand for mobile data and other services. Other than basic calling and internet services, the demand for value-added services, such as enhanced video, voice, mobile TV, and mobile payment, is also witnessing a rise. MVNOs work by targeting a niche segment of customers by offering low-cost value-added and bundled service packages. As MVNOs function on MNOs’ network, MNOs also benefit from the increasing MVNO subscriber base and revenue generation.

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Europe has been the most productive region for MVNOs, as in a major part of Western Europe, MVNOs are greatly supported by telecom regulatory bodies, which is why the region will keep accounting for the largest presence of MVNOs in the coming years. This deep penetration of MVNOs in the region has resulted in an increase in the competition among them, thereby resulting in better provision of telecom services to customers and that too at fairly reasonable costs. However, in less than a decade, the MVNO market is expected to grow rapidly in Asia-Pacific, which will outpace Europe to become the most productive for such telecommunication firms.

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Polymyalgia Rheumatica Therapeutics - Pipeline Analysis, Clinical Trials & Results

Polymyalgia rheumatica is an inflammatory disorder which causes stiffness and aching, and usually affects adults over the age of 50 years. This disease affects women somewhat more than men. The cause of polymyalgia rheumatica is unknown.

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Polymyalgia rheumatica is related to another inflammatory disorder, giant cell arteritis, which can cause vision difficulties, scalp tenderness, jaw pain, and headaches. Pain in shoulders, neck, upper arms, buttocks, hips and thighs; stiffness in the affected areas; limited range of motion in affected areas; and stiffness in wrists, elbows and knees are some of the common symptoms of polymyalgia rheumatica.

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Involvement of the upper arms, with trouble raising them above the shoulders is common in the patients with this disease. Corticosteroids and nonsteroidal anti-inflammatory drugs (NSAIDs) are common medications for the treatment of polymyalgia rheumatica. GlaxoSmithKline plc is in the process of developing sirukumab as an interleukin 6 (IL6) human monoclonal antibody for the treatment of polymyalgia rheumatica. Other than this Chugai Pharmaceutical Co. Ltd., and Eli Lilly and Company are also involved in polymyalgia rheumatica pipeline.

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The report provides a comprehensive understanding of the pipeline activities covering all drug candidates under various stages of development, with the detailed analysis of pipeline and clinical trials.

Pipeline analysis of drugs by phases includes product description and development activities including information about clinical results, designations, collaborations, licensing, grants, technology, and others.

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Need for Efficiive Disaster Management Helping the Commercial Satellite Imaging Market Grow

The progress of the commercial satellite imaging market is being driven by the increasing demand for location-based services (LSB), use of satellite images by various sectors, and advancements in satellite imaging technology. As per P&S Intelligence, the domain generated a revenue of $2,411.8 million in 2017, and it is expected to advance during the forecast period 2018–2023 at a CAGR of 14.2%. It is also being predicted that by 2023, the market value would grow to $5,266.5 million. 

Satellite imaging simply refers to the scanning or photographing of the earth from satellites or aircraft at extremely high altitudes. The images, stored and shared digitally, are used for environmental monitoring, earth mapping, archeological surveys, and weather prediction. Natural resources, defense, infrastructure, energy, maritime, disaster management, location-based services (LBS), and others are the various application areas of satellite imaging. Among these, the defense sector contributed nearly 49.0% revenue to the commercial satellite imaging market in 2017, due to increasing terrorist activities and growing demand for efficient homeland security and crime mapping.

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While the defense sector will still generate the highest market revenue during the forecast period, the fastest growth will be witnessed in the disaster management niche, at around 17.0% CAGR. Over the years, the use of satellite imaging for predicting and assessing the damage caused by natural and man-made disasters has increased, especially in Europe and Asia. For instance, the recent floods in France were covered by satellite-image aided mapping, which helped in the timely sharing of assessment data with the authorities.

Now, on the basis of technology, the commercial satellite imaging market can be categorized as radar and optical. In 2017, images taken via optical technology held the larger revenue share, as the technology is cost-effective and the images produced are similar to how people see the world with their eyes. During the forecast period, this category is expected to hold on to its market dominance, but the radar technology category is predicted to grow faster. Radar technology creates high bandwidth signals that penetrate even smoke and clouds to generate clearer images of the earth. 

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Globally, North America generated the highest commercial satellite imaging market revenue in 2017 on account of the increasing use of the technology for tracking terrorist activities by the U.S. Department of Defense. Further, the rising number of natural disasters, specifically hurricanes, tornados, and floods, is impelling the government to use systems for monitoring these and as well as managing the damage these cause. This is why the region is expected to be the largest revenue contributor (more than 30.0%) to the domain in the future as well.

Therefore, we see that the growing terrorist and natural disaster threat will keep aiding the market progress during the forecast period.

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What are the evolving opportunities for the players in theNet Zero Energy Buildings (NZEBs) Market ?

from $896.6 million in 2018, the NZEB market is projected to grow to $2,106.6 million by 2024, at a 15.6% CAGR during 2019–2024 (forecast period). Such buildings only use the electricity they generate on site, primarily from renewable sources, such as wind and the sun. Zero net energy (ZNE) buildings are either certified as ZNE-verified or ZNE-emerging. Both these types of infrastructure are constructed for residential as well as commercial purposes. Of these, more such buildings were built for commercial purposes during 2014–2018, as these boast a larger floor space, which raises their value.

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An NZEB uses solar photovoltaic (PV) Panels, insulation panels, and efficient lighting and heating, cooling, and air conditioning (HVAC) Systems to be energy-efficient. Historically, the largest demand was generated for solar PV panels, as most such buildings use the sun to create electricity, which is consumed in high amounts every day. During the forecast period, the usage of all components, including solar PV panels, will continue increasing, due to the rise in the construction of such infrastructure.

Across the world, North America is currently the largest market for NZEBs, on account of the stiff target in the region to reduce non-renewable energy usage as well as the associated GHG emissions. Even during the forecast period, the continent would account for the highest number of such projects and sale of the required components. Within the region, the net zero energy buildings market in the U.S. is larger, since such infrastructure is being rapidly built in its south-western and north-eastern regions. The NBI says that in the country, 482 buildings were certified ZNE-verified or ZNE-emerging, in 2018.

Across the world, governments are under pressure to control global warming. The Intergovernmental Panel on Climate Change has claimed that in order to reduce the average worldwide temperature increase by 1.5 °C, countries must achieve net-zero GHG emissions by 2050. Similarly, in 2019, the government of Vancouver, Canada, mandated a 40% reduction in the embodied carbon in new buildings, by 2030. Considering that electricity generation accounts for a large portion of these emissions, governments are actively working to reduce the wastage of energy as well as create it from renewable sources.

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For instance, the California Long-Term Energy Efficiency Strategy Plan has been initiated by the public utilities body of the state, to ensure that all residential buildings being constructed by 2020 and all commercial ones by 2030 are NZEBs. Additionally, as per the New Buildings Institute (NBI), California had 214 zero-energy projects in 2018, which increased by 131% from 2014. Further, the state will also retrofit existing commercial and state buildings, to achieve 100% net-zero energy consumption by 2050.

Hence, as the focus on reducing the electricity usage and harmful emissions increases, so would the construction of NZEBs.

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Polymer Concrete Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2023

In 2017, the global polymer concrete market generated $1,975.8 million and is expected to attain $2,964.0 million in 2023, registering a 7.1% CAGR during the forecast period (2018–2023). The market is witnessing growth due to the rise in repair and maintenance activities and increasing civil construction projects. An aggregate mixture which makes use of epoxy binder to harden into place is referred to as polymer concrete. It can be made with various kinds of polymer resins, such as polyester, vinyl-ester, epoxy, and others, which allow concrete to be poured and then harden.

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In terms of application, the polymer concrete market is categorized into pump bases, trench drain, containments & waste containers, flooring blocks, and others (which include outdoor furniture, overlays, solid surface counter, and park benches). Among these, the trench drain category dominated the market during the historical period (2013–2017), holding a share of more than 26.0% in 2017, in terms of value. The reason for this is the growing construction of efficient drainage systems for catering to the needs of the surging population around the world.

When end user is taken into consideration, the polymer concrete market is divided into residential structure, civil infrastructure, and non-residential structure. Out of these, the civil infrastructure division dominated the market during the historical period, accounting for a revenue share of more than 55.0% in 2017, and is projected to retain its position during the forecast period. The reason for this is the growing construction of civic infrastructural facilities, such as drainage systems and roads, around the world. The fastest growth is predicted to be witnessed by the non-residential structures during the forecast period.

The increasing number of civil construction projects is a major driving factor of the polymer concrete market. The construction industry creates jobs and channelizes investments and thus plays a significant role in the economic development of a country. Therefore, the governments around the world are increasing their investments in civil construction projects, such as roads, buildings, airports, sewer systems, railways, water reservoirs, bridges, tunnels, and others. For example, in Germany, 189 strategic infrastructure projects were in the developmental phase as of 2017, with a total investment of $129.6 billion.

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Another factor driving the growth of the polymer concrete market is the rising number of repair and maintenance activities. For example, emergency repair of airport runways is quite disruptive for airport operations; however, a rapid patch polymer concrete makes sure that the repair is done in a very short time. Moreover, polymer concrete is utilized in a variety of applications, including marine works, nuclear power plants, roads, and waterproofing of buildings. Furthermore, advantages including high resistance to chemical attack and abrasion, high impact resistance, and low permeability are resulting in rising adoption of polymer concrete.   

The rising awareness regarding the high performance of polymer is a key trend being observed in the polymer concrete market. The conventional and existing forms of concrete have several drawbacks, such as high overall mass, high installation time, poor insulating properties, and others, which is creating the need for high performance concrete. Since, polymer concrete exhibits high-performance properties including high tensile strength, high impact resistance, and others, its demand is projected to grow in the coming years.

Hence, the market is growing due to the increasing number of repair and maintenance activities and rising civil construction projects.

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Global Research Report on Printed Electronics Market Growing at a CAGR of +22.4%% During Forecast Period (2020–2030)

Valued at $35.7 billion in 2019, the global printed electronics market is predicted to generate a revenue of $363.1 billion in 2030, advancing at a 22.4% CAGR during the forecast period (2020–2030).

In terms of component, the printer category accounted for the larger share of the market in 2019. This is due to the increasing requirement for inkjet and screen printers for photovoltaic (PV) and display in different countries, in different countries, such as Brazil, the U.S., China, the U.A.E., and Germany.

The faster growth is expected to be witnessed by the material category during the forecast period in the printed electronics market. This is ascribed to the increasing usage of inks and substrates for the fabrication of printed electronic circuits, which are further utilized in various applications, such as PVs and displays.

For example, in 2019, researchers working in the chemical-biological centers at the U.S. Army Combat Capabilities Development Command successfully tested a light-emitting diode light on clothing.

When end user is taken into consideration, the highest revenue in 2019 was contributed to the printed electronics market by the automotive & transportation category, owing to the rising usage of the internet of things (IoT) technology in the sector.

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High bandwidth for supporting multiple connections, extensive data processing capabilities, and remote sensing technology are needed for the deployment of IoT for collecting data from connected devices. The smart car technology in the automotive sector is gaining traction, which makes use of printed electronics-based vehicle sensors and transceivers for connecting cars with smartphones.     

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Global Agricultural Drones Market Research Report Shows Historical Development (2014-2018) and Estimated Forecast (2019-2024)

The agricultural drones market is projected to grow from $1.5 billion in 2018 to $6.2 billion in 2024, experiencing a 25.0% CAGR during 2019–2024 (forecast period).

Crop spraying was the largest category in 2018, based on application, owing to the rising prevalence of fungal plant diseases caused by the Verticillium and Rhizoctonia fungi, which are spread by bollworm and flat armyworm. As these diseases destroy the yield, the agrarian community is deploying drones, also called unmanned aerial vehicles (UAV), to kill the pathogen.

The rising adoption of such platforms for crop spraying is one of the key agricultural drones market trends. With UAVs, farmers can track their crops in distant locations in real time. Further, such vehicles ensure efficiency, by spraying only the required amount of liquid, which also checks wastage.

For the purpose, multi-rotor UAVs are the most preferred choice, as they can hover over the spray zone. Currently, North America witnesses the heaviest utilization of drones for spraying insecticides and pesticides.

The major driver for the agricultural drones market is the focus of farmers on enhancing the yield. Images to asses soil and field quality, crop growth and health, and hydric-stress areas are provided on a real-time basis by UAVs. They also help the agrarian community in determining which field areas are less productive.

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Further, the areas of farms affected by botanical diseases can also be located from such platforms, thereby helping farmers in better and quicker management of their crop.

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Autonomous Car Still has a Dominant Position in the North American Market, Says Report

The North American autonomous car market is predicted to generate a revenue of $52.3 billion in 2030, witnessing a 17.1% CAGR during 2023–2030. The market is growing due to the increasing research & development activities for the development of autonomous cars, federal and state-level support ensuring growth of autonomous cars, requirement for a safe and efficient driving option, and evolution in connected and electric car technologies. Autonomous cars have different automation capabilities according to their levels, which range from 1–5.

In terms of vehicle autonomy, the North American autonomous car market is bifurcated into semi-autonomous and fully autonomous cars. Between these, the semi-autonomous cars are predicted to account for the major value share of the market during the forecast period (2019–2030). These cars are further categorized into three levels, namely level 1, level 2, and level 3, based on their automation capabilities. Among these, the level 1 semi-autonomous cars are expected to hold the largest value share of the market during the forecast period.

Autonomous Car Business in North America

When vehicle type is taken into consideration, the North American autonomous car market is divided into internal combustion engine (ICE), battery electric vehicle (BEV), hybrid electric vehicle (HEV). Among these, the market was dominated by the ICE division during the historical period, with a share of more than 85.0% in 2018, in terms of volume. The BEV division is predicted to witness the fastest growth during the forecast period because of the increasing support from governments in the form of grants and incentives and strict emission regulations.

A key driving factor of the North American autonomous car market is the evolution of electric and connected car technologies. Connected cars are integrated with different features, which are not available in traditional passenger cars, such as road side assistance, real-time traffic monitoring, smartphone connectivity with the vehicle, and traffic and collision warnings. In addition to this, connected cars offer vehicle-to-infrastructure and vehicle-to-vehicle interfaces and sensor applications. The digitization in connected cars is thus driving the growth of the market. Furthermore, it is comparatively easier to integrate autonomous technology in connected cars than traditional cars.
Another factor resulting in the growth of the North American autonomous car market is the need for a safe and efficient driving option. Various factors, including inappropriate speed, failure to pay attention, and keeping an unsafe distance from the vehicle in front, are responsible for the surging number of road crashes, which is why the demand for safer driving technology is increasing.

Autonomous and semi-autonomous cars are integrated with different features that assist the driver, thereby making it safer for the passengers, due to which the adoption of these cars is increasing.
A major trend being observed in the North American Autonomous car market is the integration of artificial intelligence (AI) in autonomous cars, especially level 4 and 5. Due to the integration of this technology, the development of driver monitoring, speech recognition, gesture recognition, eye tracking, virtual assistance, and natural language interfaces ahs been enabled. In addition to this, AI has helped in the development of the advanced driver assistance system (ADAS) that includes driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units.

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Hence, the market is growing due to the evolution of connected and electric car technologies and need for an efficient and safe driving option.

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How is Rising Chronic Disease Prevalence Contributing in Wound Dressing Market Growth?

With the changing environment and lifestyle, the prevalence of various life-threatening diseases is increasing, thereby driving the volume of surgeries for improving the quality of life. Further, the growing geriatric population is another major factor that results in the high number of surgeries and occurrence of various ailments, as the aged are susceptible to many diseases due to their weakened immune system. The United Nations Department of Economic and Social Affairs presented a report on World Population Aging that stated that the population aged 60 years and above would reach 2.1 billion by 2050 from 962 million in 2017. The elderly require surgeries for various conditions, such as neurological disorders, cancer, and cardiovascular diseases, which puts them at risk of developing various infections, as wound healing is slowed down in them due to impaired blood circulation and reduced collagen deposition.

A study published by P&S Intelligence reported that the wound dressing market would grow at a 7.2% CAGR in the coming years, generating a revenue of $17.3 billion, compared to $11.4 billion in 2017. Wound dressings are means of enhancing the wound healing process by absorbing the exudates, allowing gaseous exchange, providing thermal insulation, and preventing the spread of infections. Wound dressings are used for treating chronic wounds, surgical wounds, and ulcers. Wound dressings are primarily of two types — traditional and advanced. Advanced wound dressings were used more than the traditional ones due to the rising popularity of many enhanced products, such as hydrocolloids, foams, alginates, films, hydrofiber, collagen, wound contact layers, hydrogels, and superabsorbent wound dressings.

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Approximately 117 million people in the U.S. suffered from one or more chronic health conditions in 2012, reported the Centers for Disease Control and Prevention. This increase was primarily seen in the prevalence of lifestyle diseases, such as stroke, cancer, respiratory diseases, heart diseases, and even diabetes. These conditions, as they worsen over time, lead to severe complications, with surgeries being the only plausible treatment option. Diabetes leads to the occurrence of many health issues, such as diabetic foot ulcers. These ulcers, if not managed timely, may even lead to amputations and may require management by surgeries to prevent the maceration of the surrounding tissue by using appropriate products, including foams, hydrocolloids, and alginates. Postoperative care comprises wound dressing as an essential component; therefore, the growing prevalence of such diseases and volume of surgeries to treat them would aid in the advance of the wound dressing market.

Though the demand for wound dressing is expected to witness a massive across the world, the most rapid surge would be seen in Asia-Pacific (APAC). The International Diabetes Federation (IDF) estimated that about 142.7 million cases of diabetes would be reported in China by 2035. Additionally, a  Global Status Report on Road Safety mentioned that 207,551 and 261,367 fatalities were reported in India and China, respectively in 2015. In the light of these numbers, it is easy to infer why the demand for wound dressing products is expected to be the highest in the Asia-Pacific region. Other than the factors listed above, this high demand can also be attributed to the rising geriatric population, incidents of burn cases, and number of accidents in the region.

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Connected Car Technology is Changing the Auto Sector Globally

The automotive industry has been able to make new breakthroughs due to the penetration of internet of things (IoT)-based technologies. One of the major developments that have taken place because of the utilization of IoT is the emergence of innovative connectivity solutions that are used in connected cars. A connected car is equipped with internet access and possesses the ability to optimize its own operations on fixed intervals. Because of network connectivity, the car is able to share content with various devices which are lying within and outside the vehicle’s environment. IoT services have become a significant part of the connected car industry due to its swift incorporation and commercialization. The technology covers a wide range of infotainment services and advanced connected solutions for drivers. Furthermore, research and development activities, along with the design and manufacturing of connected and smart automotive hardware, are predicted to enhance the connected car technology.

As per a study conducted by P&S Intelligence, in 2017, the connected car market generated a revenue of $51,910.9 million and is expected to attain $156,145.9 million, registering a 20.7% CAGR, in the coming years. Various products & services provided by connected cars are sensors, processors, wireless & cellular modules, original equipment manufacturer (OEM) services, fleet manager, and aftermarket services. Out of these, the largest growth in demand in the near future is expected to be witnessed by the wireless & cellular modules category. This is because of the rising requirement for improved vehicle tracking and road safety, growing government regulations for improving overall vehicle efficiency, better operational efficiency in vehicles, increasing usage of IoT-based services in the vehicles, and enhanced vehicle management. 

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Urbanization has led to the increased use of personal and commercial vehicles, which, in turn, has led to the rise in number of vehicles on the roads, especially in the emerging economies, such as Indonesia, China, and India. While it has become incredibly easy to own a car at the present time, several problems such as road blocks, scarcity of parking space, and traffic jams have also risen. Due to this, consumers are now looking for enhanced driving experience, which can be provided with advanced connected solutions, such as vehicle-to-infrastructure and vehicle-to-vehicle. Apart from this, the concern regarding safety and security is growing among the OEMs, consumers, and governments. This is further driving the demand for connected cars as they are enabled with technologies such as automatic braking, lane assist, and advanced driver-assistance system. These technologies can be of great help when it comes to decreasing traffic rule violation and reducing the prevalence of road accidents.

The applications of a connected car are telematics, navigation, and infotainment. Telematics is a device that combines informatics and telecommunication, which provides the driver with benefits such as roadside assistance and remote unlocking and locking of vehicle. A navigation system is capable of relaying directions to any desired location. Infotainment is a system which delivers entertainment and information contents.

The system comprises software and hardware products that are installed into the automobile later for improving the experience of the passenger or the driver. Among these, the largest demand during the time period 2013–2017 was created for the application of navigation.

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Connected car market competitive landscape

Some of the major players operating in the global connected car market are Continental AG, Delphi Technologies PLC, DENSO Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Harman International Industries Inc., Valeo SA, and Autoliv Inc.

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India Electric Rickshaw (Three-Wheeler) Market Players, Competition, Situation & Trends Research Report

From 384.0 thousand units in 2018, the Indian electric rickshaw market is predicted to grow to the production capacity of 935.5 thousand units by 2024, exhibiting a 15.9% CAGR during the forecast period (2019–2024).  The factors positively influencing the growth of the market are the declining prices of the battery and increase in supportive measures by the government, in terms of environmental policies and monetary incentives. Electric rickshaws are majorly used as load and passenger carriers.

Based on motor power, the Indian electric rickshaw market is classified into <1,000 W, 1,000–1,500 W, and >1,500 W. In 2018, with over 50.0% of revenue share, the 1,000–1,500 W classification was the largest in the market. This was attributed to the ideal cost–benefit ratio offered by vehicles fitted with batteries of this power range. The classification of >1,500 W is predicted to register the fastest growth in the forecast period, as the demand for high-speed rickshaws would continue to rise in the nation.

The Indian electric rickshaw market is categorized into Tripura, Assam, Jharkhand, Punjab, Uttarakhand, Chhattisgarh, Haryana, Bihar, Rajasthan, West Bengal, Delhi, Uttar Pradesh, and Madhya Pradesh, based on state. During the historical period (2014–2018), the largest market for these rickshaws was in Delhi. Amidst increasing air pollution, the Delhi government announced a subsidy of INR 30,000 on electric rickshaws, which helped boost their sales. However, in the forecast period, the state of Uttar Pradesh is predicted to be the largest market due to their rising demand from Tier-1,2 cities.

The Indian electric rickshaw market is observing the trend of the inclusion of solar-operated electric rickshaws. An electric rickshaw normally makes use of a nominal battery, which stores electricity from conventional outlets. A solar-powered electric rickshaw is capable of charging itself on-the-go, as it is fitted with the photovoltaic technology for collecting solar energy and converting it into electric energy to power the rickshaw. The solar-powered variants are thought to be more efficient than normal electric vehicles, and the solar panel increases the vehicle lifecycle by 10 years.

The Indian electric rickshaw market is witnessing growth due to the implementation of stringent environment-related policies to take care of the rising air pollution. One of the major causes of air pollution is the emissions from vehicles; the Indian government is taking active measures to popularize electric vehicles among people. Electric vehicles are expensive than their conventional-fuel counterparts, therefore, many subsidies and incentives are being provided to vehicle manufacturers and buyers. Based on the product model and the original equipment manufacturer, subsidies in the range of INR 25,000 and INR 61,000 are being provided under the FAME scheme.

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The reduction in the prices of automobile batteries may boost the Indian electric rickshaw market. Due to their low cost, majority of the electric rickshaws in the country use sealed lead acid (SLA) batteries. Even though they seem a better choice at first, SLA batteries pose a serious threat to human health and the environment, if they are not disposed of properly. Therefore, the manufacturers are focusing on using lithium-ion batteries as an alternative to the SLA ones, as the former are safer and provide longer charge to vehicles.

Hence, the market for electric auto rickshaws in India would continue growing in the forecast period due to the rising requirement for environment-friendly transport.

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1,3-Butylene Glycol Market to Provide Investment Opportunities of $178.5 Billion by 2024

The 1,3-butylene market growth in APAC is expected to be the most significant across the world during 2018–2024. This would be because of the growing demand for the chemical in the developing countries of the region. Though the healthcare expenditure here is quite low compared to Europe and North America, the large population bodes well for the healthcare and pharmaceutical industries. Additionally, China, South Korea, and Japan are among the largest markets for cosmetics across the world, which has a direct positive impact on the demand for 1,3-BG.

The population continues to grow rapidly across world, primarily in developing countries, such as India and China. More people mean more mouths to feed, which continues to drive the food and beverages sector. The rising population also translates into more individuals who need medical treatment, due to the rising prevalence of several diseases. Along with the number of people, their disposable income is also growing, which is giving them a higher spending power. They are now able to afford products and services, which earlier were a luxury, such as cosmetics. Now, there are certain raw materials that go into food, pharmaceutical, and cosmetic products, such as 1,3-butylene glycol or 1,3-BG.

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Owing to the growth of the above-mentioned end-use industries, the 1,3-butylene glycol market reached $127.8 million in 2017, and it is expected to further grow to $178.5 million by 2024. An organic compound, specifically an alcohol, 1,3-BG is produced using a combination of the aldol condensation and catalytic hydrogenation methods. The first method is used to convert acetaldehyde to acetaldol, whereas in the second process, the acetaldol is reacted with hydrogen in the presence of a catalyst. Pharmaceutical and industrial are the two grades, in which 1,3-BG is available. During 2013–2017, the pharmaceutical-grade product was more widely sold.

It is used as an intermediate during the production of personal care, cosmetic, food, and pharmaceutical products, owing to its better anti-bacterial action than similar compounds, including propylene glycol, glycerol, and sorbitol. In cosmetics and drugs, the compound is used for retaining moisture, preventing crystallization, and imparting fragrance. Additionally, it also helps maintain the end products’ viscosity and skin condition ability. Depending on its actual purpose, the amount of 1,3-BG used in cosmetics varies, with a higher amount required for inhibiting the growth of fungi than bacteria.

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Earlier concentrated in Europe and North America, the pharmaceutical industry is expanding in Asia-Pacific (APAC), primarily owing to the improvements in the healthcare infrastructure and boom in the population in India and China. Additionally, with the rising disposable income across the world, the sale of cosmetic, skincare, and haircare products is also increasing. During their production, 1,3-BG lowers the requirement for preservatives with its excellent distribution coefficient, which maximizes the effectiveness of the preservatives used.

The leading manufacturers of cosmetics, such as Avon Products Inc., L’Oreal Group, Oriflame Cosmetics, and The Estée Lauder Companies Inc., are developing enhanced products, thereby driving the demand for the compound. These companies are prospering owing to the rising awareness about skin and haircare, which is driving cosmetics’ sales. Additionally, people are also becoming aware about the ingredients used in hair products, bath products, personal cleanliness products, facial makeup, skincare products, and shaving products, and how those ingredients are being manufactured. Therefore, companies that manufacture 1,3-BG via environment-friendly methods stand to benefit from this heightened awareness.

Hence, with the further increase in population and disposable income, the demand for food, beverages, drugs, and cosmetics would also grow, which would lead to a rise in 1,3-BG consumption.

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Indian EVSE Market Will Generate Massive Revenue in Future

In 2019, the Indian electric vehicle supply equipment (EVSE) market generated a revenue of $1,027.9 thousand and is expected to attain a value of $13,833.0 thousand in 2025, registering a 54.2% CAGR during the forecast period (2019–2025). On the basis of type, the AC chargers accounted for the major share of the market in 2019. During the forecast period, the DC chargers are predicted to grow at the faster pace, as the government is making extensive plans for installing fast-charging stations in tier-1 cities and along the expressways and highways.

The private chargers category dominated the Indian EVSE market in 2019, due to the early adoption of these chargers in the country, higher requirement among customers for overnight charging at homes and commercial places, and low cost. The supportive government policies and initiatives is a major driving factor of the market. For example, the Faster Adoption and Manufacturing of (Hybrid & Electric) Vehicles in India (FAME) scheme was launched in India in March 2015 and was later revised in 2019 for promoting hybrid and battery electric vehicles.

Indian EVSE Market 

The increasing investments from different start-up companies, EV manufacturers, solution providers, and EVSE manufacturers is a key trend in the Indian EVSE market. For instance, in August 2019, an India-based start-up company, EV Motors India Pvt. Ltd. announced that it is aiming to install more than 6,500 charging outlets for EVs, in collaboration with ABB India Ltd. and Delta Electronics Inc., with an investment of approximately $0.2 billion (INR 14 billion). Moreover, Tata Power Co. Ltd. announced in August 2019 that it will invest $1–1.5 billion to install 500 EV charging stations across the country by 2020.

When geography is taken into consideration, the western region is predicted to dominate the Indian electric vehicle supply equipment (EVSE) market in 2019. This is ascribed to the presence of key EV and EV component manufacturers and state government support for EV adoption, primarily in Maharashtra and Gujarat. Furthermore, the high per capita income is also a key factor for the growth of this region. During the forecast period, the northern region is expected to witness the fastest growth because of the increasing government concerns regarding the poor air quality.

The Indian EVSE market is currently consolidated in nature and the key players operating in the market are ABB Ltd., Schneider Electric SE, Delta Electronics Inc., Magenta Power Pvt. Ltd., Tata Power Co. Ltd., Exicom Tele-Systems Ltd., Ather Energy Pvt. Ltd., Bharat Heavy Electricals Ltd., ANI Technologies Pvt. Ltd. (Ola), and EV Motors India Pvt. Ltd.

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mHealth Market Growing due to Increasing Chronic Disease Menace

The increasing usage of smartphones and connected devices and surging geriatric population, prevalence of chronic diseases, focus on patient-centric healthcare services, and demand for remote patient monitoring services are driving the adoption of mobile health (mHealth). The mHealth market generated $23.0 billion in revenue in 2017, which is predicted to grow at a CAGR of 33.5% during the forecast period (2018–2023), to ultimately reach $132.2 billion by 2023. The term refers to the provision of healthcare services via mobile phones and other telecommunication devices.

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Blood glucose monitors, blood pressure monitors, multiparameter monitors, electrocardiograph (ECG) monitors, sleep apnea monitors, and pulse oximeters are among the various connected devices available. Among these, blood glucose monitors are expected to experience the fastest growth in the market, at a CAGR of 31.9%, during the forecast period. This would be due to the growing prevalence of diabetes, as a result of the changing lifestyle and food habits of people across the world.

The rising incidence of chronic diseases, including diabetes, cancer, stroke, heart diseases, and chronic obstructive pulmonary disease (COPD), is one of the key mHealth market growth drivers. Patients suffering from such conditions need continuous monitoring and strict adherence to medication schedule. With mHealth devices and apps, patients can not only monitor their own condition, but also receive timely advice from their doctors, without having to go anywhere. In addition, several mHealth apps alert patients about any anomalies and drug dose time.

The availability of 3G and 4G internet is also leading to the rising adoption of smartphones, which, together with the increasing awareness on the advantages of mHealth, is driving the market. Additionally, mobile devices are increasing penetrating across developing regions; as per the 2017 African Mobile Trends Paper, 960 million people or around 80% of the African population were mobile phone subscribers. Further, the U.S. Food and Drug Administration (FDA) had claimed that around half of the total 3.4 billion smartphone and tablet users would download healthcare apps in 2018.

Therefore, as more people purchase mobile communication devices and realize their advantages in the area of health and wellbeing, the market for mHealth will keep prospering.

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