Why Is Internet of Things Key Enabler of Smart Home Healthcare Solutions?

 Gone are the days when people had to visit the doctor every time they wanted a consult or get themselves tested for routine stuff, such as heart rate, blood glucose, and blood pressure. With connected devices and the internet of things (IoT), such things can be done at home. Connected devices, such as smartwatches and multiparameter monitors, track several aspects of health and fitness and automatically transmit the data to the doctor via the internet. This way, people don’t even have to visit the doctor to get their lab results analyzed.

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Smart home healthcare solutions are especially useful for older people (65 years and above), 1.5 billion of whom would inhabit the earth by 2030, compared to 703 million in 2019, as per the United Nations. Not only do the elderly suffer from more diseases than younger people, but they are also physically weak, which is why it is not possible for them to make repeated doctor visits. In addition, having their health and fitness parameters monitored and delivered to the doctor right from their home also helps them in saving on healthcare expenditure. 

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Fall detection and prevention, health status monitoring, safety and security monitoring, nutrition/diet monitoring, memory aids, and several other smart home healthcare solutions are available presently. Among these, health status monitoring solutions are the most popular, as these are easy to deploy and give a basic idea of a person’s health. With the increasing consciousness about personal wellbeing, people are increasingly tracking their heart rate, number of steps walked and calories burned, and sleep quality.

Presently, the largest contribution to the smart home healthcare market is made by North America, which boasts a higher per capita income, thereby leading to high sales of such expensive solutions. Moreover, a number of companies offer such solutions in the region, and several new smart home healthcare products are being launched, driven by R&D. Along with North America, the adoption of the concept will increase quickly in Asia-Pacific (APAC), because numerous major consumer electronics companies offer these. In addition, the smartphone penetration, health consciousness, and disposable income are increasing here.

Hence, as more people become aware about the innovative applications of connected devices and smartphones for personal wellbeing, the demand for smart home healthcare solutions will burgeon.

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Why will Demand for Charcoal Briquettes Surge in South Africa in Coming Years?

The rich tradition of barbecue food is one of the main factors responsible for the growing sales of charcoal briquettes in South Africa. The people residing in this country love preparing barbecue food items on their own. During get togethers, parties, and other occasions, people like preparing barbecued food items, especially during the summers. Because of this tradition, the requirement for barbecue fuel such as charcoal briquettes is always high in the country. 

Moreover, the country is one of the most favorite destinations for international tourists in the African continent. As per reports, as many as 10.4 million international travelers generated nearly $6.0 billion revenue from tourism activities in the country in 2019. Therefore, it can be said that the charcoal briquettes are not only used by the locals but they are also hugely popular among travelers, especially those wanting to try barbecue foods. 

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Apart from the aforementioned factors, the reducing prices of the charcoal briquettes are also positively impacting the growth of the South African charcoal briquettes market. People living and working there prefer these materials for cooking over other cooking fuels such as kerosene and liquified petroleum gas (LPG), because of their lower prices. As charcoal briquettes are made using various leftover materials (leftover powder after charcoal production), they cost lesser and are more affordable than the traditionally used cooking fuels.

Out of these, the barbecue category recorded the highest growth in the South African charcoal briquettes market in the past and this trend is likely to continue in the forthcoming years as well, primarily because of the surging tourism activities and the increasing number of international travelers in the country. Tourists come here for experiencing the country’s rich culture, soul-satisfying cuisines, and scenic landscapes. According to South African Tourism, 29.0 million overnight trips were recorded in the country in 2019.

Hence, it can be safely concluded that the demand for charcoal briquettes would surge in South Africa in the upcoming years, mainly because of the ballooning popularity of barbecued food items in the country.

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Booming Tourism Sector Fueling Burgeoning Demand for Facility Management in Kuwait

With the rapid expansion of the hospitality industry, the demand for facility management services is growing explosively in Kuwait. The flourishing tourism sector is generating huge demand for clean premises, which is, in turn, pushing up the requirement for facility management services and solutions in the country. Moreover, the government is launching initiatives and taking measures such as encouraging investments from private players, expanding the capacities of airports, and developing new attractions for boosting the tourism industry.

Besides the aforementioned factor, the surging infrastructural development projects are also fueling the surge in the demand for facility management services in the country. Due to the soaring investments being made in various projects such as those related to processing facilities, oil and gas extraction, malls, and residential units, the requirement for facility management services is rising rapidly in the country. Additionally, many real estate development organizations in Kuwait are rolling out their facility management affiliates.

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Due to the above-mentioned factors, the popularity of facility management services is ballooning in Kuwait. This is fueling the expansion of the Kuwait facility management market. As a result, the market revenue is predicted to increase from $958.2 million in 2019 to $2,057.5 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 8.3% between 2020 and 2030. Based on end user, the market is divided into residential, commercial, and industrial categories.

Out of these, the HVAC maintenance services will demonstrate the fastest growth in the Kuwait facility management market in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. The main factor driving the advancement of the market is the presence of extreme weather conditions in the country that generate a huge demand for the renovation and refurbishment of the existing equipment in the commercial and industrial buildings for enhancing their efficiency. 

Hence, it is safe to say that the demand for facility management services will soar in Kuwait in the future years, primarily because of the rapid expansion of the tourism and hospitality sectors in the country.

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What Are Investment Opportunities in Wind Tower Market?

The strongest factors leading to the growth of the wind tower market are the increasing government support for wind farms, rising capacity of such installations, and surging need for geopolitical energy security and energy independence. As a result, the industry revenue, which stood at $26,140.5 million in 2015, is projected to increase at a 7.4% CAGR during 2016–2022 (forecast period). A wind tower is the main support system for the wind turbine and other components of a windmill, including the generator.

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The tower type segment of the wind tower market is categorized into concrete towers, tubular steel towers, lattice towers, hybrid towers, and guyed pole towers. Among these, the industry was dominated in 2015 by the tubular steel towers category, which will keep holding the largest share till 2022. This is attributed to the cost-effectiveness and strength of these variants. As the tower costs make up for around 30% of the windmills’, having a cost-effective tower is essential to produce electricity cheaply and sell it at reasonable per-unit prices.

A prominent trend in the wind tower market is the opportunities being created for skilled laborers. As the renewable energy sector is growing, an increasing number of people with expertise in civil engineering, electrical engineering, and mechanical engineering are finding employment. Governments and private companies around the world are investing heavy sums in the wind power sector to reduce the rate of environmental degradation and dependence on oil, natural gas, and coal to produce electricity.

In 2015, Asia-Pacific (APAC) was the largest wind tower market as a result of the increasing capacity of wind power plants to cater to the rising demand for electric power. China and India are among the largest wind energy producers on earth, and many more wind power plants are under various stages of commissioning in these countries. The Middle East and Africa (MEA) would grow the fastest during the forecast period due to the lower penetration of wind power here, which will offer market players immense opportunities for expansion.

Hence, the installations of wind towers are set to keep rising, as the focus on renewable energy becomes stronger.

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How Are Eating Habits Impacting Charcoal Usage?

Growing preference for barbecue foods has increased the consumption of charcoal worldwide. This is due to the alteration in taste and preference for new cooking styles. Moreover, application of live barbecue stations at residential households and restaurants for cooking will fuel the growth of the charcoal market in coming years. Furthermore, the application of these stations is rising in developing countries, like India and China, owing to the augmenting preference for grilled and smoked food.

Owing to this changing lifestyle and food preference, the charcoal market size is projected to increase its revenue size from $5,882.8 million in 2018 to $6,566.5 million by 2024. According to P&S Intelligence, the market will progress at a CAGR of 1.9% during 2019–2024. Besides, silicon producers will replace coal with charcoal in the production process to curtail carbon dioxide emission. For instance, companies such as Simcoa Operations Pty. Ltd. and Elkem ASA are already utilizing charcoal to produce silicon and developing technologies to entirely replace coal with charcoal, while keeping the quality intact.

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Due to the widening application base of charcoal, the demand for lump charcoal, charcoal briquettes, and sugar charcoal is escalating in the charcoal market growth. In 2018, lump charcoal was used in the highest volume, as it burns faster, achieves higher temperature, and produces less ash than the other types. Additionally, the adoption of charcoal briquettes is also increasing due to its low ash content and high-calorific value. Further, the application of sugar charcoal will rise in future, due to its usage in the preparation of artificial diamonds.

Thus, the rising preference for barbecue foods and the increasing number of water treatment plants will augment the charcoal market in foreseeable future.

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How Is Recycling of Solar Panels Impacting Environment?

Solar panels are made up of aluminum, silicon, glass, and synthetic materials, which can be separated through the recycling process, after the completion of the lifecycle of the panels. These panels are installed in several residential and commercial facilities, to offer electricity by using solar power. Their installation has escalated in recent years due to the depletion of fossil fuel reserves, a surge in the consciousness regarding environment preservation, and escalation in the power demand. Moreover, favorable government regulations regarding sustainable development have led to the widespread adoption and recycling of these panels.

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Currently, most of these solar panel recycling plants are adopting the mechanical process for recycling polycrystalline, monocrystalline, and thin-film panels. This is because the mechanical process is more efficient and environmentally safer than the thermal and laser techniques. These plants are recycling more thin-film solar panels every year, due to the rapidly rising installation of these panels on account of their low weight, flexibility, and temperature resistance, though monocrystalline panels still account for the highest overall recycling rate.

The shelf life segment of the solar panel recycling market is categorized into normal loss and early loss. The average age of solar panels is 30 years; however, some may suffer an early loss, which results in the generation of a large quantity of e-waste containing harmful substances. During the historical period (2013–2017), the early loss category held the larger market share due to the early degradation of solar panels on account of unfavorable weather conditions, maintenance issues, and lack of product standardization.

Thus, the surging adoption of solar power systems, escalating concerns regarding e-waste management, and growing consciousness about sustainable development are increasing the solar panel recycling rate.

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How Does Hydrogen Enhance Oil Processing?

The fertilizer industry uses high-volume of hydrogen to manufacture fertilizers, especially ammonia that is used to create nitrogen-based fertilizers. Ammonia is widely used in agricultural activities to maintain crop nutrition and increase productivity. Due to the declining area of arable land, the requirement for ammonia has grown significantly. Owing to this demand, the hydrogen market is expected to increase its size from $136,185.0 million in 2019 to $196,934.5 million by 2030. According to P&S Intelligence, the market will accelerate at a CAGR of 4.3% during the forecast period (2020–2030).

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Apart from this, hydrogen is used to separate sulfur compounds from crude oil and break long-chain hydrocarbons into short chains during the production of gasoline. Moreover, the surging demand for sour crude oil is fueling the need for hydrogen, as it requires extensive processing. Besides, stringent environmental regulations to decrease sulfur in oil are escalating the consumption of hydrogen at oil refineries. For example, in January 2020, the International Maritime Organization (IMO) enforced an additional 0.5% global cap on the sulfur content in fuel. This limit is in addition to the earlier limit of 3.5%.

Geographically, the Asia-Pacific (APAC) hydrogen market is expected to consume hydrogen at a fast pace in coming years. This can be ascribed to the high economic growth and rapid establishment of production units of several end-use industries, such as chemical, electronics, and petrochemical, in the region. Moreover, the expansion of refinery and metal processing sectors in emerging economies of the region, such as India and China, on account of support from government and non-government organizations, will fuel the demand for hydrogen.

Thus, the expansion of oil refineries and fertilizer industry will fuel the consumption of hydrogen in coming years.

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Increasing Industrialization Boosting Demand for Water Treatment Chemicals

The increasing desalination operations in several countries around the world such as the Qatar, U.A.E., Saudi Arabia, and various sub-African countries, on account of the limited availability of freshwater reserves, are massively pushing up the demand for water treatment chemicals all over the world. These processes are adopted for changing brackish or seawater into freshwater or potable water. Furthermore, with the surging population levels in several water-starved countries, the requirement for high-quality freshwater is growing rapidly.

Due to the aforementioned reasons, the global water treatment chemicals market is exhibiting rapid expansion. The market valuation is predicted to rise from $48,938.1 million in 2019 to $85,341.8 million by 2030. The market will progress at a CAGR of 5.2% between 2020 and 2030. Scale inhibitors, coagulants and flocculants, chelating agents, corrosion inhibitors, biocides and disinfectants, anti-foaming agents, pH adjusters and stabilizers, oxidants, and oxygen scavengers are the most commonly used types of water treatment chemicals across the world.

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Globally, the water treatment chemicals market would register the fastest growth in Asia-Pacific (APAC) in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. The key factor driving the market advancement in this region is the existence of a huge industrial base in emerging economies in APAC such as India, China, Indonesia, and Thailand. Additionally, the rising prevalence of waterborne diseases is fueling the demand for water treatment in this region.

Hence, it can be said with confidence that the demand for water treatment chemicals would surge all over the world in the coming years, mainly because of the rising requirement for potable water for use in various industrial and residential applications and the growing incidence of waterborne diseases around the world.

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How is Growing Demand for Higher Vehicular Safety Boosting Sales of Automotive Adhesives and Sealants?

Automotive adhesives and sealants are rapidly becoming the latest buzzwords in the automotive industry. The mushrooming requirement for luxury vehicles and the rapid incorporation of advanced driver assistance systems in both commercial vehicles and passenger cars are pushing up the demand for automotive adhesives and sealants, especially in North America. Moreover, the ballooning popularity of lightweight vehicles, on account of their high fuel efficiency, is causing a steep rise in the sales of these materials across the world.

Due to the above-mentioned factors, the demand for automotive adhesives and sealants are surging sharply all over the world. This is subsequently fueling the expansion of the global automotive adhesives and sealants market. As a result, the value of the market is predicted to surge from $7,438.2 million in 2019 to $12,646.8 million by 2030. According to various estimates, the market would advance at a CAGR of 7.0% from 2020 to 2030.

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Globally, the automotive adhesives and sealants market would register the fastest growth in Asia-Pacific (APAC) in the future years, as per the forecast of P&S Intelligence, a market research company based in India. This would be due to the surging investments being made by several European automakers for expanding their operations in the Southeast Asian market. Additionally, the soaring disposable income of people in the developing countries will further boost the market advancement in the region in the coming years.

Hence, it is safe to say that the sales of automotive adhesives and sealants would explode all over the world in the coming years, mainly because of the rising demand for lightweight vehicles and the growing requirement for higher vehicular safety.

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Drug of Abuse Testing Market to Grow Considerably Because of Growing Trade of Illicit Drugs

Peer pressure, particularly among young adults and school children, can result in some bad decisions, such as usage of drugs. Drug abuse, also known as substance abuse, is the utilization of certain chemicals for pleasuring the brain, which end up causing more harm than benefits, in the long run. 

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Consumables, such as assay kits & reagents and rapid test kits, and equipment, including breath analyzers, immunoassay analyzers, and chromatography instruments, are utilized for tracking drug abuse. As consumables are easily available for utilization and provide swifter test results as compared to equipment, their demand was higher in the past. Rapid test kits are projected to be in need the most in the coming years, owing to the fact that they are easy to use. Apart from this, the demand for breath analyzers is also expected to grow in the near future, because they can easily detect the presence of alcohol and drugs in the breath and are less expensive than other analyzers.

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When geographical scenario is taken into consideration, North America emerged as the largest drug of abuse testing market in the past, which is ascribed to the growing workplace monitoring activities for the consumption of illicit drugs, increased availability of banned substances, and rising drug trafficking activities in the region. According to the National Institute on Drug Abuse, about 24.6 million Americans aged above 12 years, which is 9.4% of the total population, were using illicit drugs in 2013. In addition to this, Asia-Pacific is also projected to witness a rise in drug of abuse testing in the coming years, because of the growing compliance in organizations to workplace drug of abuse testing.

In conclusion, the demand for drug of abuse testing is rising due to the rising prevalence of drug usage and increased trade of illicit intoxicants.

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Surging Demand for Electronics Devices Boosting Sales of Polyimide Films

The ballooning requirement for flexible, heat resistant, light weight, and compact electronics devices is one of the biggest factors responsible for the growing utilization of polyimide (PI) films in semiconductor component manufacturing processes around the world. According to various industry experts, the expansion in the electronics sector will push up the requirement for PI films all over the world in the coming years. This will be because of the extensive usage of PI films in electronics part manufacturing processes.

Polyimide films consist of polyimide, which is basically a polymer of imide monomer. PI films are famous all over the world for their high chemical and temperature resistance and high dielectric constant. Because of these unique characteristics, PI films are heavily used for manufacturing heat resistant electronics components and parts such as pressure sensitive tapes, wires, and flexible printed circuits (FPC). Due to these factors, the global polyimide films market size is predicted to grow substantially in the future years.

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In the coming years, the market is predicted to exhibit the fastest growth in the APAC region. This will be a result of the rising requirement for electronics devices made from polyimide films in the regional countries. As the semiconductor manufacturing plants and foundries are the biggest end users of these films, the rapid expansion of semiconductor manufacturing plants and foundries in Taiwan, Japan, and China is creating lucrative growth opportunities for the players operating in the industry. 

Hence, it is safe to say that the demand for PI films will skyrocket around the world in the upcoming years, mainly because of their growing requirement in the manufacturing of electronics parts and components and semiconductor component manufacturing processes.

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Road Freight Transportation Market to Witness Growth due to Adoption of Industry 4.0

The transportation of goods from one place to another has always been a matter of importance. People are mostly aware regarding home delivery of things that they order online, however, it is but a miniscule part of road transport or road freight. Goods are transported on a daily basis from industries to wholesale stores or retail stores, or from wholesale to retail stores. This transportation of merchandise and goods via road, using vehicles such as vans or trucks, is referred to as road freight. While goods can now be transferred via air or ocean transport, road transport remains one of the most common ways of delivering goods.

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Road freight is effective, efficient and significantly cheaper than air freight. Swift urbanization and expanding e-commerce sector are among the key factors resulting in the rising demand for road freight. As the spending ability of people and awareness regarding e-commerce services is growing, the need for efficient and faster delivery systems is also increasing. It is because of all these factors, that the global road freight transportation market is projected to progress at a considerable rate in the coming years. Medium & heavy commercial vehicles and light commercial vehicles are utilized for road freight services.

The rapid industrialization and adoption of Industry 4.0 is further resulting in the growing need for road freight. The fourth industrial revolution is characterized by the use of internet of things, artificial intelligence, and connected devices, thereby automating various processes and operations in industries. Industry 4.0 is responsible for low-cost production of quality products at a much faster pace, which is important for catering to the needs of the growing population across the globe. Owing to this growing production of goods, road freight services will come into play for delivering the goods to consumers.

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Hence, the demand for road freight transportation services is growing due to the expanding e-commerce industry and adoption of Industry 4.0.  

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Factory Automation Efforts Propelling Industrial Brakes Market

The industrial brakes market is being driven by the increasing requirement for such devices in a wide range of sectors, which includes construction, manufacturing, oil and gas, and metal and mining. These factors are expected to propel the industry at a 3.0% CAGR during 2019–2024, which will lead to an increase in its size to $1,105.7 million by 2024 from $930.3 million in 2018. These devices are used to control the motion of cranes, packaging machines, wind turbines, construction machinery, metal and mining machines, tube machines, and marine and shipping machines.

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On the basis of industry, the industrial brakes market is classified into metal and mining, manufacturing, power generation, marine and shipping, construction, and others, wherein ‘others’ includes aerospace, military, entertainment, printing, transportation, and oil & gas. Among all these, the manufacturing category dominated the market in 2019 owing to the heavy investments being poured for setting up new manufacturing plants and modernizing the existing ones. Additionally, regulations mandating a safe working environment in factories are being implemented around the world, thereby driving the demand for brakes.

A lucrative opportunity area for the players in the industrial brakes market is the adoption of the industrial internet of things (IIoT). The Industry 4.0 revolution aims for the creation of smart factories with reduced energy consumption and automated operations. Here, brakes equipped with sensors are being used, with the sensors preventing any unauthorized movement of the machine, by leveraging artificial intelligence. Such brakes could also improve the working conditions, such as by stopping the movement of cranes carrying heavy stuff should anyone come below it.

Hence, the growing manufacturing industry due to government initiatives and rising purchasing power of the masses will propel the market for industrial brakes.

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Unprecedented Growth Expected in European Carsharing Market in Future

The presence of favorable government policies and measures in many European countries and cities is one of the important factors responsible for the soaring adoption of carsharing services in Europe. For instance, the Mayor of London announced, in 2018, his plans of building public parking spaces in the city that would significantly reduce the private ownership of cars and facilitate car parking in the city. Similarly, the Mayor of Paris announced, in April 2017, her plans of making the city the first post-car city in the world.

Powered by the above-mentioned factors, the European carsharing market is predicted to register huge growth in the coming years. The most widely used types of cars in the carsharing services in the region are—luxury, executive, and economy class cars. Out of these, the adoption of economy class vehicles was found to be the highest in the carsharing services in Europe in the past. This is mainly credited to the higher fuel efficiency and lower requirement of maintenance services in these cars.

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One of the prominent trends currently being observed in the European carsharing market is the rising deployment of electric vehicles in the carsharing fleets by the carsharing service providing companies in Europe. EVs are being increasingly adopted in carsharing services, on account of the global warming and environmental damage caused by the emissions from the fossil-fuel powered cars. Moreover, the electric cars require lesser maintenance and have lower total cost of ownership (TCO) as compared to the conventionally used vehicles and are thus, being increasingly preferred in carsharing services.

Hence, it can be said with full surety that the demand for carsharing services will shoot-up across Europe in the coming years, owing to the increasing road congestion in several European cities, rising popularity of shared mobility solutions, and the presence of numerous government policies supporting the adoption of carsharing services in the European countries.

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Market Segmentation:

Based on Car Type

• Economy
• Executive
• Luxury

Based on Propulsion

• Electric
• Fuel-Based

Based on Model

• Peer-to-Peer (P2P)
• Round-Trip
• One-Way Trip

Based on Application

• Business
• Private

Geographical Analysis

• Germany
• U.K.
• France
• Italy
• Spain
• Netherlands
• Rest of Europe

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Asia-Pacific to Witness Rapid Expansion in Dye-Sensitized Solar Cells Market in Future

The global dye-sensitized solar cells market size generated a revenue of $28,451.4 thousand in 2017 and is predicted to reach a valuation of $60,589.4 thousand by 2023. Furthermore, the market will grow at a CAGR of 13.2% between 2018 and 2023. The increasing requirement for solar energy and the implementation of strict government regulations in several countries regarding the usage of solar modules are the main factors driving the progress of the market.

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The global demand for sustainable and clean power is rapidly increasing, on account of the rising concerns being raised over the escalating carbon emissions, energy security, and the surging abnormalities in weather conditions around the world. With the signs of climate change becoming more prevalent, many governments are increasingly preferring renewable sources of energy such as solar energy over the conventionally used fossil fuels. Dye-sensitized solar cells have the ability to boost the popularity of solar energy in the future.

Geographically, the dye-sensitized solar cells market would register the fastest growth in the Asia-Pacific (APAC) region in the future years, as per the estimates of P&S Intelligence, a market research company based in India. The rising implementation of strict government regulations is predicted to boost the adoption of renewable sources of energy such as solar in the developing countries such as India, China, Vietnam, and Thailand in the coming years. 

Thus, it is quite clear that the market will record huge expansion across the world in the coming years, mainly because of the rising popularity of solar energy and the increasing implementation of favorable government policies regarding the usage of solar energy for power generation in several countries around the world.

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Application of Cleanroom Consumables Rising in Pharmaceutical Industry

Cleanroom consumables are essential for the manufacturing of products in the pharmaceuticals and biotechnology sector, as these help in maintaining the product quality throughout the production process. Thus, the growing focus on sterile manufacturing in this sector will augment the demand for cleanroom products in the coming years.  Moreover, the production of medical devices and small-sized, high-efficiency equipment based on nanotechnology needs a contamination-free environment. Thus, the increasing focus on nanotechnology is expected to propel the demand for cleanroom consumables in the coming years.

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Moreover, the increasing healthcare regulations are escalating the adoption of cleanroom consumables in the pharmaceutical and medical device industries. According to the World Health Organization (WHO), quality assurance is mandatory during the clinical trials of pharmaceutical products, and the process should comply with the good clinical practices (GCP). Additionally, the production process of sterile pharmaceutical products needs to comply with the guidelines laid down by the Pharmaceuticals and Medical Devices Agency (PMDA), Medicines and Healthcare Products Regulatory Agency (MHRA), and other similar government agencies. According to P&S Intelligence, such stringent norms will drive the cleanroom consumables market in the coming years.

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With time and the increasing environmental awareness, eco-friendly cleanroom consumables are becoming popular in industries. Since these products are usually disposed of after a single use, they increase the contamination and pollution levels in the environment and lead to waste generation. Certain countries have banned single-use plastics, while several others are mandating companies to incorporate a certain percentage of plastic waste into the production of other stuff. This is why single-use gloves, boot covers, and lab coats are now being recycled and transformed into sustainable consumer products, such as plastic chairs and plastic benches.

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Boom Expected in Global Cleanroom Doors Market in Future

The rising usage of roll-up doors in cleanrooms, on account of their numerous advantages, such as the ability to maintain the air pressure differential in cleanrooms and less-space-occupying characteristics, as compared to the other doors, is one of the biggest factors contributing to the increasing adoption of cleanroom doors, especially in the pharmaceutical and biotechnology industries and research laboratories across the world. Additionally, the expansion in these industries in several countries is further pushing the need for cleanroom doors, owing to the requirement for a contamination-free environment for the production of vaccines and drugs.

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Driven by the above-mentioned factors, the global cleanroom doors market is expected to exhibit consistent growth in the coming years. In the medical industry, cleanrooms are highly sought-after, especially due to the surging need for enhanced healthcare facilities and products and the soaring geriatric population in numerous countries around the world. These rooms are equipped with several features, which help in lowering the amount of chemical vapors, microbes, dust, and aerosol particles, in order to offer a completely pollutant-free environment.

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Therefore, it can be said that due to the burgeoning demand for higher quality products and equipment, especially from the medical, pharmaceutical, and biotechnology industries, increasing awareness amongst the people regarding hygiene and sterilization, and rising quality standards related to the production of drugs and medical equipment, the demand for cleanroom doors is expected to observe a significant increase in the coming years.

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Why Are Pre-Insulated Pipes Installed in Green Buildings?

The California Long-Term Energy Efficiency Strategy Plan implemented by the California Public Utilities Commission (CPUC) mandates that only net zero energy buildings (NZEBs) be constructed in the state, beginning 2020. Apart from the U.S., China, the U.K., Brazil, Canada, India, Australia, and Germany are also encouraging the construction of NZEBs. These buildings are designed to produce their own electricity and use only as much as they create on-site. Apart from this, such infrastructure must be highly energy-efficient, so that any extra electricity, generated through renewable resources on-site, can be fed to the grid.

As per P&S Intelligence, the increasing development of NZEBs will drive the pre-insulated pipes market from $5,568.5 million in 2018 to $9,597.9 million by 2024, at a 9.7% CAGR during 2019–2024 (forecast period). This is because pre-insulated pipes are an important part of such buildings, keeping the fluids flowing through them cold or hot, by preventing heat loss. These pipes are used to minimize the consumption of electricity for cooling and heating purposes.

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The highest usage of such pipes is presently witnessed in North America, as the construction and chemical processing industries are growing in the region and the adoption of DHC is rising. In the years to come, the demand for such products is expected to increase at the highest pace in Europe, on account of the rapid construction of NZEBs, implementation of strict building energy efficiency standards and codes, and increasing retrofitting and renovation activities for old buildings.

Therefore, as construction activities pick up with a strong focus on conserving electricity, the usage of pre-insulated pipes is set to rise.

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What are Key Factors Fueling Sales of Metal Bonding Adhesives in India?

The rapid advancement in the manufacturing sector is causing a steep rise in the sales of metal bonding adhesives in India. As per the India Brand Equity Foundation, the country’s manufacturing sector rose to $91.2 billion in valuation from April 2000 to June 2019, mainly because of the increasing foreign direct investments in the country. Additionally, the implementation of several government initiatives such as Make in India is propelling the progress of the sector.

As these adhesives are extensively used in the manufacturing of various healthcare devices and equipment such as surgical equipment, X-ray machines, implantable devices, and biosensors, the ballooning sales of medical devices are massively boosting the demand for these adhesives. This is, in turn, driving the progress of the Indian metal bonding adhesives market. The market valuation is predicted to surge from $198.9 million in 2019 to $343.6 million by 2030.

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Furthermore, the market is predicted to advance at a CAGR of 5.2% between 2020 and 2030. Depending on resin, the Indian metal bonding adhesives market is divided into epoxy, acrylic, cyanoacrylate, anaerobic, rubber, and polyurethane. Out of these, the epoxy category is predicted to exhibit the fastest growth in the market in the future years. This would be because of the growing usage of epoxy adhesives for bonding the metal sheets used in automobiles and trains.

Hence, it can be safely said that the sales of metal bonding adhesives will explode in India in the coming years, primarily because of their mushrooming requirement in the automotive industry and various manufacturing operations.

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Global Demand for Benign Prostatic Hyperplasia Procedures Set to Skyrocket in Future

The surging geriatric population, on account of the rising life expectancy and the falling birth rates, is one of the main factors fueling the growing requirement for benign prostatic hyperplasia (BPH) procedures across the world. As elderly people are highly vulnerable to various diseases and need extensive medical care, on account of their long recovery times and low immunity levels, their increasing population is massively boosting the demand for BPH procedures.

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As per the United Nations Department of Economic and Social Affairs (UNDESA), the number of people in the age group-60 years or above is increasing rapidly. According to the organization’s global aging population reports, the population of the people in the age group-60 years or above will rise by 56.0% or from 901 million in 2015 to 1.4 billion by 2030. Furthermore, this number is predicted to grow to 2.1 billion by 2050.

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The players operating in the BPH industry are launching many campaigns for raising public awareness about BPH procedures and various prostate-related diseases. For instance, GlaxoSmithKline plc started a campaign with the name ‘#SeatsupforSanta’ for spreading awareness among people about BPH treatments and symptoms. Because of these reasons, the global benign prostatic hyperplasia (BPH) procedures market is predicted to register huge growth in the coming years. Laser-based and surgical procedures are the main types of BPH procedures performed around the world.

Hence, it is safe to say that the demand for benign prostatic hyperplasia procedures would surge across the world in the forthcoming years, mainly because of the rising prevalence of BPH and the increasing public awareness about these procedures.

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Enhanced Human Mobility with Exoskeleton Devices

 According to the 2019 data of National Spinal Cord Injury Statistical Center (NSCISC), approximately 17,730 people are affected by spinal cord injury (SCI) each year in the U.S. The annual report by NSCISC also mentions that on an average nearly 291,000 people with SCI are currently living in the country, and the cases are on the rise. Due to the rising cases, exoskeletons are being increasingly used in the healthcare industry, to provide physical strength to the affected people and help paralyzed patients walk.

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Additionally, surging aging population is also increasing the application of exoskeletons. The 2019 World Population Ageing report, by the UN states, projected that by 2050, there will be around 1,500 million people of age 65 years and above. Due to this surge, exoskeleton devices are being widely used to increase the physical strength of the elderly people.  With aging, the risk of fractures becomes high due to fragile bones and reduced bone density. This will eventually increase the exoskeleton market size from $290.3 million in 2019 to $6,957.9 million by 2030, displaying a CAGR of 35.9% during 2020–2030.

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These advancements are an outcome of increasing investments for the commercialization and innovation of exoskeleton products. Additionally, rising awareness regarding the application of exoskeletons for acute and chronic orthopedic diseases' management in developed and developing nations has led to the improvement and demand for these devices. 

To adhere to the increasing use of exoskeleton products, manufacturers are focusing on strategic measures like facility, expansions, product launches, and partnerships. For instance, Bionik Laboratories Corporation launched, in 2019, the new-generation InMotion ARM/HAND robotic system to clinically rehabilitate patients with mobility impairments due to neurological disorders, and stroke survivors. 

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Development of Virtual Power Plants Set to Surge in North America in Future

The increasing adoption of renewable sources for producing energy is massively augmenting the demand for virtual power plants throughout the world. According to reports, the production of power from renewable sources such as wind and solar is rising faster than that generated from fossil fuels. As per industry experts, the share of renewable sources in energy production across the world will increase from 7% in 2015 to 20% by the end of 2035. 

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The rapid development of several extensive renewable energy projects will create huge amounts of energy in the future that will need a well-developed power infrastructure for ensuring the reliable flow of energy. This will fuel the development of virtual power plants (VPPs) that will facilitate the incorporation of newly created renewable energy projects in the power evacuation infrastructure. Moreover, in countries such as Nigeria, India, and Indonesia, the lack of availability of power 24*7 is fueling the demand for VPPs.

Due to the existence of inadequate and outdated power infrastructure, various developing nations experience regular power outages. Because of this reason, many emerging economies are making huge investments in the establishment of virtual power plants. These plants will solve the problem of power cuts and provide a continuous supply of power. Due to these factors, the popularity of virtual power plants is rising rapidly around the world. This is propelling the growth of the global virtual power plant market.

Thus, it can be said with confidence that due to the growing requirement for continuous supply of power and the rising adoption of renewable energy sources for power generation, the demand for virtual power plants will shoot-up across the world in the future years.

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How Are Corrugated Boxes Beneficial for Food Packaging Industry?

The food processing industry is adopting high volumes of corrugated boxes due to the increasing concerns over food safety and freshness, especially during the shipping of bakery & dairy products, grain-based food, and canned & frozen foods. These boxes ensure the freshness and safety of food items during their transport from the producers to retailers or end-users. Due to these reasons, the corrugated boxes market is expected to witness a CAGR of 4.3% during 2020–2030, which will increase the size of the market from $180.9 billion in 2019 to $284.6 billion by 2030.

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The increasing adoption of corrugated boxes is also due to the rising concerns for the environment. Initially, these boxes were disposed of after use, thus leading to the accumulation of large volumes of waste in landfills. However, the increasing pollution has led to a rise in the recycling of old corrugated packaging materials to develop new boxes. Manufacturers are using advanced technologies for compaction and shredding that help in the recycling of corrugated packaging materials. The recycling of these boxes produces fiber, which can be used for the development of new packaging material.

The Asia-Pacific corrugated boxes market is projected to display the fastest growth during the forecast period. This growth will be driven by the rising concerns for environmental degradation and increasing focus on sustainable packaging, surging demand for personal care products and electronic goods, and booming e-commerce industry. Additionally, a surge in the government regulations to attain a sustainable environment and the easy availability of raw materials are encouraging the adoption of corrugated boxes for primary and secondary packaging.

Thus, the widening application of corrugated boxes and increasing concerns for the environment are expected to add to the demand for such packaging materials in the foreseeable future.

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Ultra-Thin Solar Cells: A Glimpse into Future Solar Power Technology

The increasing pollution and environmental damage caused because of the large-scale usage of fossil fuels for power generation is making renewable energy extremely popular all over the world. In many industries and residential applications, the renewable energy sources are rapidly replacing the conventionally used power producing sources. Out of the different types of renewable energy, solar energy is the one most widely adopted in different sectors, due to its abundant availability and affordable energy systems and devices such as ultra-thin solar cells.

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According to the International Energy Agency (IEA), “the LCoE will be $55.7 per Megawatt-hour (MWh) for coal and $66 per MWh for PVs by 2020, equal by 2024, and $57.3 per MWh for coal and $40.0 per MWh for PVs by 2040”. The reduction in the costs of these devices would be caused by the increasing research and development (R&D) activities being conducted in solar cells. These extensive R&D projects would also improve the efficiency of the ultra-thin solar cells, which would consequently increase the final solar power output. 

The other important factor responsible for the growing adoption of solar energy is the rising end-user preference for sustainable energy in various applications. Due to these factors, the global ultra-thin solar cells market attained a revenue of $30.0 million in 2019 and is predicted to progress at a CAGR of 56.9% from 2020 to 2030. On-grid and off-grid are the two types of grid systems used for operating ultra-thin solar cells. Between the two, the usage of the on-grid systems is predicted to be higher than the off-grid ones in the future years. 

Therefore, the sales of ultra-thin solar cells will shoot-up across the world in the forthcoming years, on account of the growing adoption of solar energy in residential, industrial, and commercial applications and the falling prices of PV cells throughout the world.

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How Are Gensets Ensuring the Economy Never Comes to a Halt?

Electricity is the backbone of modern societies. From climate control and lighting to machines and Wi-Fi, literally every crucial system that we use in our homes, offices, and industries nowadays needs electricity. Moreover, with the rising urbanization and industrialization rates, having a reliable and continuous power generating source is becoming incredibly important. This is the main factor fueling the worldwide demand for generator sets, or gensets, as they are popularly called, around the world.

These systems add an extra layer of security in the event of power outages or brownouts and keep critical systems and machines running at industries, medical facilities, homes, and offices. In addition to this, gensets have the ability to provide power in remote areas not connected to the grid. These places include campsites, construction sites, deep underground mines, and rural areas. Therefore, it won’t be an overstatement to say that gensets are extremely essential systems that keep the wheels of the economy in motion.

Thus, owing to their importance for the modern human, gensets are rapidly gaining traction all over the world. This is, in turn, causing a sharp surge in their sales, which is consequently propelling the advancement of the global genset market. As a result, the total value of genset sales is predicted to grow from $17,592.6 million to $27,863.0 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 5.8% from 2020 to 2030.

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Unsurprisingly, Demand for Gensets To Rise Fastest Middle East and Africa (MEA) in Future

Due to the rapid industrialization and urbanization programs being launched by the governments of regional countries and the presence of a booming construction sector, the MEA region would certainly witness huge sales of gensets in the coming years. MEA countries are set to host some massive international events and competitions in the near future, such as the 2022 FIFA World Cup (Qatar) and the World Expo 2020 (Dubai) and are, therefore, witnessing large-scale infrastructure development and renovation projects.

Furthermore, the poor grid connectivity in many countries and the increasing commercial activities in Turkey, Egypt, Saudi Arabia, and the U.A.E. would ensure that the region witnesses the fastest growth in genset sales, out of all the other geographical regions in the world, during the next few years. In addition, many regional countries are focusing on reducing their reliance on oil and gas. 

For instance, the Saudi Arabian government launched Saudi Vision 2030 recently, a strategic framework that aims to reduce the country’s reliance on oil, develop public service sectors, and diversify its economy. This would massively boost the sales of gensets in the country in the forthcoming years.

Thus, it can be said without any hesitation that genset sales would shoot up all over the world in the future, primarily because of the growing power requirement and increasing grid uncertainties in several countries.

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How is Rising Prevalence of Diabetes Fuelling the Expansion of Global Self-Monitoring Blood Glucose (SMBG) Devices Market?

Owing to the soaring geriatric population and the rising prevalence of obesity and diabetes mellitus in several countries, the demand for self-monitoring blood glucose (SMBG) devices is expected to rise in the coming years. As per a report by the United Nations Department of Economic and Social Affairs (UNDESA) on the worldwide ageing population, the population of people aged 60 years and above is increasing at a huge rate. The share of the geriatric population across the globe recorded a huge increase, to 11.7% in 2013 from 9.2% in 1990, and it is predicted to increase to 21.1% by the end of 2050.

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The increasing awareness about diabetes and its numerous complications, such as diabetic foot ulcer and delayed wound healing, is another major factor propelling the adoption of SMBG devices across the world. For instance, the International Diabetes Federation (IDF) conducted an event in Hyderabad, India in October, 2018, called ‘IDF Diabetes Complications and Foot Congress’ for increasing the awareness regarding diabetes and its complications and management methods amongst the people of the city.

Due to the above-mentioned factors, the revenue generated from the worldwide sales of SMBG devices is predicted to increase from $13.2 billion to $18.6 billion from 2017 to 2023. The self-monitoring blood glucose devices market is further expected to advance at a 5.9% CAGR during the forecast period (2018–2023). The most common types of such devices used throughout the world are glucose meters, strips, and lancets. Amongst these, strips are expected to register the fastest growth in sales during the forecast period, because a meter and lancet can be used for a long time, while strips are mostly thrown out after every use.

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Asia-Pacific (APAC) is expected to record the fastest growth in the adoption of SMBG devices during the forecast period. This is primarily attributed to the rising incidence of type-2 diabetes, soaring geriatric population, and increasing government investments on healthcare, in the region. As per the International Diabetes Federation (IDF), around 82 million adults in Southeast Asia in the age group of 20–79 years were living diabetes in 2017. Moreover, the improving healthcare infrastructure is expected to further fuel the progress of the self-monitoring blood glucose devices market in the region.

Thus, it can be certainly said that the need for SMBG devices will increase around the world in the coming years, mainly on account of the escalating incidence of diabetes, surging geriatric population, booming healthcare sector, and rising awareness about the disorder amongst the people.

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Demand for Consumer Goods Fueling Pressure Sensitive Adhesives Market Growth

The pressure sensitive adhesives market growth is driven by a surge in the e-commerce industry size, escalation in the demand for fast-moving consumer goods (FMCG), and expansion of the automobile sector. Due to this factor, the market is projected to register a CAGR of 4.0% during the forecast period. At this rate, the revenue generated by the industry players will increase from $7,414.0 million in 2018 to $9,351.8 million in 2024. This is because manufacturers and vendors of all the aforementioned end-products are using pressure-sensitive adhesives for packaging.

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One of the key factors supporting the pressure sensitive adhesives market is the expansion of the e-commerce sector across the world. In recent years, e-commerce sales have increased due to the changing consumer preferences and rising purchasing power. People in several parts of the world are purchasing large quantities of electronic goods, stationery products, and FMCGs, which require packaging materials in substantial quantities. Traditionally, FMCG products created the highest demand for packaging materials, which has escalated even more due to the increasing e-commerce activities.

Geographically, the Asia-Pacific (APAC) pressure sensitive adhesives market held the largest share during the historical period (2014–2018), and it will continue its dominance during the forecast period. This can be attributed to the growth in the packaging, automotive, construction, healthcare, and electrical and electronics industries. All these sectors require pressure-sensitive adhesives for the manufacturing of tapes, graphical films, labels, floor tiles, and wall coverings. Among APAC nations, China and India are consuming a large volume of these adhesives owing to the increasing sale of FMCGs.

Thus, the expansion of the e-commerce sector and strategic developments by chemical companies will propel the market growth in the foreseeable future.

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Mushrooming Automobile Sales Fueling Boom of Global Paints and Coatings Market

The global paints and coatings market generated a revenue of $156,086.2 million in 2019 and is predicted to register a CAGR of 4.2% between 2020 and 2030. Furthermore, the market would reach a valuation of $227,834.0 million by 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The main growth drivers of the market are the presence of several commercial, industrial, and residential end users and soaring construction activities around the world. 

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Additionally, the government sanctioned the allocation of $24.27 billion to the infrastructure sector in the 2020–21 Union Budget for developing transport infrastructure in the country. This would push up the requirement for paints and coatings, which are heavily required for improving the aesthetics and durability of structures. The changing lifestyles of people and the growing urbanization are boosting the requirement for housing, which is, in turn, propelling the sales of paints and coatings across the globe. 

Apart from the aforementioned factors, the mushrooming sales of automobiles are also pushing up the demand for paints and coatings around the world. This is because paints and coatings are used heavily in various automotive applications. For example, the total sales of automobiles around the world rose from 88.3 million to 91.3 million from 2014 to 2019. The paints and coatings market is divided, on the basis of application, into industrial coatings, special coatings, and architectural coatings. 

Hence, it can be safely concluded that the market would demonstrate substantial growth across the world in the coming years, primarily because of the surging construction and infrastructural development activities in various countries and the ballooning sales of automobiles around the world.

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