Application of Corrugated Boxes in These Industries

According to a recent study, corrugated packaging will become more and more popular over the next few years as the industry increasingly places more importance on recyclable and secure packaging. These kinds of containers, which may house everything from substantial industrial machine equipment to intricate particular electronic components, have a lot of benefits to offer their consumers.

Over 200 years ago, cardboard boxes became widely used. Adding flutes for corrugation became common during the first industrial revolution. Since its creation, corrugated boxes have been the most widely used type of shipping container and are used in all facets of material management and transportation.

Application of Corrugated Boxes 

Food Industry

To prevent the contamination of fresh produce, the glue used to join the liners and flutes during the manufacture of corrugated boxes is created from water and starch. Using corrugated boxes to convey food has a lot of advantages.

Their resistance and safety to bacterial infection are the two most crucial advantages. Numerous studies have demonstrated that food remains fresher longer in corrugated packaging.

Office Supply and Stationery

The biggest worry while transporting or keeping office supplies, particularly paper, is the potential for damage while in transit or while being stored. Corrugated boxes' durability and padding shield against this and ease your concerns about working with harmed supplies.

E-Commerce

A highly effective and rapid supply chain, a crucial component of e-commerce, is the most effective use of boxes in the e-commerce sector. Corrugated boxes, which have seen an increase in use over the past two years, are the foundation of the e-commerce supply change.

Shipping smaller volumes to an increasing number of unusual and odd places is a problem for the e-commerce sector. Corrugated boxes provide the level of protection and safety required by the e-commerce sector.

Textiles

Box usage for shipping textiles has rapidly increased due to online buying. Several trillion dollars are being spent on shipping supplies to ensure secure, dependable, and damage-free delivery. Corrugated boxes have grown to play a vital role in the planning for satisfying customer expectations since customer happiness is the key to retaining and gaining new clients.

Electronics

When selecting boxes for the transportation of electronics and electrical components, great attention must be given. These things are delicate and are easily destroyed if they are not packaged properly. For additional protection, corrugated boxes are utilized in addition to packing materials.

The most pressing issue is the strain that handling the box puts on its many parts. A circuit or a link may be damaged or loosened by the shock from the stress. An electronic device will be delivered on time and in pristine shape, thanks to the cushioning included in a corrugated box.

Healthcare

To ensure that pharmaceuticals reach safely, there are several regulations for shipping circumstances. Pharmaceutical firms may confidently export their medicines because of the large variety and choice of corrugated boxes, knowing that their items are well-protected and secure.

Read More

Machine Vision Market Will Reach USD 27.86 Billion By 2030

 In 2022, the machine vision market was worth around USD 14.4 billion, and it is projected to advance at an 8.60% CAGR from 2022 to 2030, hitting USD 27.86 billion by 2030, according to P&S Intelligence. This growth can be credited to the growing need for quality inspection and mechanization in diverse industrial verticals; the increasing research and development investment by key players; and technological developments.

Machine Vision Market Size and Share Analysis Forecast, 2030

In 2022, the PC-based machine vision system category held a larger market share, 56%, and is also projected to be in the top spot till 2030. PC-based devices simply interface with direct-connect cameras or image acquisition boards and are well-maintained with modifiable software.

Such systems can be more lucrative and simpler to use for several camera applications. General inspection for defining the existence of parts is among the many cameras functioning. An illustration of this would be examined for studs on a car's underbody in an auto body store.

Industrial automatons and machine vision devices are incorporated into vision-guided mechanical systems. Because of their outstanding versatility, integration, and simplicity of bin-picking ability, the systems are being executed rapidly. Though fixed robotic measures were often utilized, industrial robots with this technology now direct goods to a certain site or portion for added operations such as welding, place, and picking.

On the basis of deployment type, the robotic cell category will witness faster development, progressing at a CAGR of 9.1%, during the forecast period. this is mainly because sorting, picking, and other production-line procedures are now being executed by robots, credited to the expansions of deep learning, machine vision, and AI technologies; and the rising manufacturing of line scanning equipment.

In 2022, the food and packaging category had a considerable machine vision market share and is also projected to be in the same position till 2030. This is mainly because these systems are utilized for quality assurance, measurement, guidance, and positioning and identification drives in this market.

Furthermore, the increasing requirement for packed food throughout the globe and the growing trend of online shopping in developing countries are fuelling the demand for retail e-commerce packing, which, indeed, needs such technology for packing purposes.

In the coming future, the APAC industry will experience the fastest development, progressing at a CAGR of 9.7%. This can be credited to rapid industrialization, the rising automotive and industrial sector, and the growing acceptance of artificial intelligence, robots, and ML by manufacturing organizations in countries like India, China, and Japan.

Hence, the growing need for quality inspection and mechanization in diverse industrial verticals; the increasing research and development investment by key players, are major reasons driving the machine vision industry.

Read More

District Cooling Market is Driven by an Increasing Population

 The district cooling market has garnered USD 26,894 million in 2022, and it is projected to rise at the rate of 7.9% from 2023 to 2030, to capture USD 45,836 million by 2030, as per the report by market research company, P&S Intelligence.

This growth can be ascribed to the quick urbanization, increasing populace, increasing expenditure in infrastructure growth, and then the increasing temperatures in several geographic regions.

District Cooling Market Size and Share Analysis Forecast, 2030

The increasing global warming levels throughout the world are leading to quick changes in the environmental settings of several regions. There are regions including Africa and the Middle East that are quite prone to fluctuations in climatical conditions and are facing severe conditions, including arid conditions, drought, and heat waves, which impact the water and food supply.

As per an international agency, there were around more than 2 billion air conditioning units functioning globally in the past year and cooling systems and conventional air conditioning have a substantial contribution to the increasing global warming situation.

They not only want and consume high quantities of electricity but also produce loads of greenhouse gases that are worsening the overall environmental circumstances making it more complex for living beings to live.

On the basis of application, the District Cooling Market is segmented into industrial, residential, and commercial. Similarly, the commercial category includes spaces or buildings utilized for several purposes like schools, offices hospitals, and retail outlets.

The commercial category had the largest market share in the past few years. This can be credited to the snowballing knowledge regarding climatic conditions, fast infrastructural growths, and sustainability objectives of numerous businesses to decrease their carbon footprint.

In the past few years, the MEA industry held the largest market revenue share and is projected to develop at a CAGR of 8.2% in the years to come. It is a region considered as hot and dry weather conditions a boiling climate, and temperatures going above 50° C in some nations.

The heated conditions become intolerable, particularly in the summer season; thus, to live easily, individuals adopt mechanical and artificial systems to regulate the temperature in their housing as well as commercial spaces.

To attain climate goals and also to decrease pollution in order to advance air quality, initiatives like District Energy in cities have been launched. Such systems would allow individuals to have a permit to cleanse and more reasonable power along with better air quality to breathe in.

Hence, the rapid urbanization, increasing populace, increasing expenditure in infrastructure growth, and then the increasing temperatures in several geographic regions, such factors are contributing to the growth of the district cooling industry.

Read More

What is Last Mile Delivery?

If you indulge in online shopping often, then there is every chance that you might be familiar with the term, last mile delivery. Last mile delivery denotes the very last step of the delivery procedure when a package is moved from a transport center to its end point—which, typically, is a retail store or personal residence. 

This is the most vital step in the delivery procedure, and the one that companies want to 

guarantee is as fast and effective as possible. This is to keep up with the constantly growing consumer demand for quick shipping, especially in the food, retail, and e-commerce, sector. It also is one of the most expensive legs of the ride that goods take to reach their final destination.

The last-mile delivery market is experiencing growth and it is projected to advance at a compound annual growth rate of 20.6% during 2022–2030, to reach USD 121.1 billion by 2030. 

Business to Consumer E-Commerce

The growth of the B2C e-commerce business throughout the globe has been supported by the growing use of the Internet and online purchasing by the people. Because of the increasing popularity of e-commerce, e-retailers are decreasing lead times to get a competitive edge and remain afloat in the industry. 

Better Customer Service

Customers demand quick and dependable delivery, and last-mile delivery might be enabled to fulfil those requirements. By accepting last-mile delivery to offer more delivery choices, such as next-day or same-day delivery, companies may improve the overall customer experience. 

Customers are more probable to buy from a company again if  the company delivers a product on time, fuelling the possibility of customer retention.

Better Productivity

Last-mile delivery can also surge a company’s overall manufacturing and operations. By using real-time information and analytics, companies can reduce delivery time and rationalize their delivery procedures. Better client experience and better revenues follow from this better efficiency.

Amplified Sales and Profits

An added advantage of last-mile delivery is the ability to lift sales and profits. Businesses with fast and reliable delivery services are more likely to find and retain clients, which fuels the total revenue.

Companies can surge their customer base and reach more individuals by utilizing last-mile delivery. Businesses can access new markets and tempt new customers by offering delivery to rural and remote areas. Business sales and revenue might increase as a result of better access to new customers.

Hence, Last-mile delivery changes a business by improving the customer experience, increasing sales and profits, reducing prices, and better efficiency and operations. As a result of this, companies can gain a competitive edge over their competitors in this competitive scenario.  

 

Read More

North America Is Dominating Contrast Media Market

In 2022, the contrast media market was worth around USD 5,231.4 million, and it is projected to advance at a 4.9% CAGR from 2022 to 2030, hitting USD 7,647.7 million by 2030, according to P&S Intelligence.

Diagnostic imaging procedures, such as ultrasound, X-ray, and pioneering modalities, including CT and MRI are turning progressively common with the growing occurrence of intricate comorbidities and chronic illnesses. Furthermore, such modalities are gradually improving and becoming more exact to diagnose these circumstances, and contrast media is a main product that improves image quality.

The occurrence of chronic conditions has surged over the years because of the increasing deskbound lifestyles of individuals. Furthermore, there has been a substantial intake of high-calorie foods and insufficient physical activity, which are ultimately contributing to the growth of chronic diseases.

Key players in the market have a ton of opportunities because of surging R&D events in novel contrast agents and the making of innovative applications for them.

For example, to change the frequently-used gadolinium-based imaging agents, Gang Han, PHD., professor of molecular pharmacology and biochemistry, has got seed capital from the UMass Technology Development Fund to examine a safer, novel biogenic family of contrast agents for magnetic resonance imaging.

In 2022, based on modality, the X-ray/CT category held the largest contrast media market share, at approximately 50%. This can be ascribed to the growth in the frequency of communicable and non-communicable diseases in the past few years. As per the study, there has been a noteworthy increase in the count of CT scans during the COVID-19 pandemic.

In 2022, based on application, cardiovascular disorders held the largest market share, of around 40%, credited to the increasing number of elder populations. According to a study conducted by the WHO, the major cause of demise globally is cardiovascular diseases, which claim 17.9 million lives yearly. Additionally, the pace at which the aging populace is increasing is significantly higher than in the past.

In 2022, according to the regional analysis, North America held the largest market share, at approximately 45%. The count of inpatient check-ups in the continent is growing, credited to the deep-rooted healthcare amenities, complete disease screening programs introduced by provincial, federal, and state governments, easy access to leading-edge technology, and rising requirements for improved management of the present diseases.

Additionally, the existence of the key players in the continent is a vital contributing factor to the market development.

Hence, the contrast media industry is growing because of the increasing volume of diagnostic imaging tests for all types of diseases, and is also projected to grow more in the future.

Read More

Electric Traction Motor Market To Touch USD 34,891 Million by 2030

The electric traction motor market was USD 12,669 million in 2022, and it will power at a rate of 13.5% in the years to come, to reach, USD 34,891 million by 2030.

The railway category will be the fastest growing application with a rate of 13.8% in the years to come. As opposed to roads, the railway is a better option and more lucrative for long-distance mass transport of products and goods.

Moreover, chiefly because of technical developments, the railway engine and motor performance has improved with regards to locomotive safety and speed. 

Electric motors are extensively utilized in the railway sector because of many advantages, such as performance efficiency, modular design, longevity, and low maintenance.

The AC category had a larger revenue share, of 86%, and it  continue like this in the years to come. This is because of the widespread use of AC motors in industrial equipment, EVs, and the railway industry. Such motors are also more effective and manageable than DC motors.

The 200–400 kW category had the largest share of revenue, in 2022, and it will maintain the position in the years to come. This is because of the wide-ranging uses of electric motors with 200–400 kW in high-speed metro systems; subway trains, and numerous added heavy industrial machineries.

Furthermore, the below 200 kW category will observe a considerable growth in the future. This has a lot to do with the growing use of electric motors with below 200 kW in the manufacturing of lightweight vehicles, advantageous environmental and governmental regulations, and an increase in the requirement for reliable motors with high torque.

APAC dominated the electric traction motor market, with a share of 44%, in 2022, and it will continue like this in the near future as well, as said by P&S Intelligence, in one of its reports. This is because of the increasing urbanization, growing per capita income, and favorable policies of the government for EVs. 

Furthermore, constant expansions of the transportation infra, including railway connections, high-speed bullet trains, HEVs, and metro rail systems; and the growing requirement for industrial railway rolling stock and narrow gauges, such as hybrid, electric, and diesel-electric locomotives, contribute to the progress in demand for these motors in the region.

Europe will have a considerable growth in the future. This will be due to rapid urbanization, leading to increased air pollution, GHG emissions, and energy waste; the growing focus of the government on the execution of effective and workable transportation solutions; and the increasing daily commuter traffic.

It is due to the growing demand for high-performance motors in the world, the demand for electric traction motors will continue to rise in the coming years as well.

Read More

Electric Rickshaws Apart from Being Environment Friendly Provides Employment Opportunities

Talking about the emergence of e-rickshaws in India, they first hurled on the Indian roads, over a decade ago in 2011. Since then, there has only been an increase in the number of e-rickshaws on Indian roads. 

The popularity of these vehicles has increased immensely all over India, thanks to their ability to carry 4-5 passengers comfortably over a short distance, rather economically, and the most notable factor is that, all this is done without any emissions.

 With no costly or emitting fuels used and these rickshaws being powered by electricity, they in a way are much more economical then the CNG powered auto-rickshaws.

In cities like Delhi, these have emerged as a livelihood source for people, and a sustainable and economical commute for commuters.

 With all the factors like being economical, contributing no pollution, easy and comfortable ride, and also providing an earning potential, the present of e-rickshaws looks rather secure.

 With present looking secure, let’s find out something about the future of these modes of communication in India.

Though, with the expansion of battery swapping networks, it is becoming more and more possible for e-rickshaw drivers to drive to the nearest swapping station, get the exhausted battery replaced with a charged one, and get back on track without wasting too much time, and losing the opportunities to earn. 

The Union government is soon going to announce a National Battery Swapping Policy, giving more and more weightage to the adoption of not only these battery- driven rickshaws but the entire fleet of electric vehicles across the nation. 

Taking all these factors into consideration, and the increasing concerns raised by environmental organizations around the world regarding the problem of emissions, and all the countries trying to mitigate it at their level, it is only fair to say that the future of e-rickshaws in India looks a promising prospect to say the least.

We are not saying this vaguely or without any base, as per the current market scenario and dynamics, with a growth rate of 6.6%, the total demand for e-rickshaws in India will reach a value of USD 456.2 million by the end of this decade. 

Read More

Buying a Used Car can be a Good Deal

Buying a car always makes sense, but it is not always a brand-new car, that makes sense. This statement might spring a surprise to many, but it is a fact that a used car comes with its own perks. This blog will focus on some of the pekes, offered by used cars.

Come, let us have a look at them

Save Money Along with Upgrading your Car

If you want to upgrade to a luxury car, and your budget is stopping you from going forward, then you can give a nod to buying a used car. This way, you can buy a luxury car or any car of your choice, and that too at a considerably lower price than that of a brand-new car. So, it can be said that, by going for a used car, you can save money as well as upgrade your car and rule the roads.

 Indulge in Tension-Free Driving

If you are still a rookie on the driver’s seat or go on long trips often, then you may not be that inclined to try your hands at a new car. It is very obvious to be doubtful about taking it out on the roads tension free. But, with a used car, there is no such tension. You can go driving through uneven and rough terrains without the tension of getting dents and scratches on the car.

 Get Used Cars with Warranty

The market of used car s is growing all around the globe, and the total demand will reach USD 2,980.2 billion by the end of this decade. With so much inclination toward buying used cars, most of the dealers have entered the segment of used cars. 

If you are in any sort of a doubt that, whether you will get a genuine and certified used car or not, don’t bear any sort of doubt. There are authorized car dealers, who will ensure that you get the best car and that too with a warranty.

 Less Depreciation More Saving

Every car goes through depreciation from the day, it is bought. A new car loses most of the value in the initial 3-4 years It might surprise you that a used car undergoes less depreciation than a brand-new car. This is because, it is bought, when most of the depreciation is already happened. It has a direct implication that, with less depreciation, your will be able to save more with a used car.

Pay Less Insurance Premium

Insurance is to be done at the time of purchasing a car. It is a no-brainer that the insurance of a used car will cost you much lesser than a brand-new car. It will be because the insurance amount is calculated according to the value of the car. And, since the car is new, and no depreciation has happened yet, the insurance premium will be high.

It is because of the increasing prices of new cars, that the demand for used cars is rising considerably all over the world.

Read More

What Are the applications of Liquid-Crystal Polymers?

A liquid crystal polymer is a material that holds molecular order in both solid and liquid states. Exactly, the change from order to disorder all through the melting of an LCP arises well above the temperature at which it drops its completely crystallized structure.

This efficiently means that the material has two different melting points or, more precisely, two-phase changes. The primary phase alteration takes it from solid to liquid crystal and the next from melted crystal to full liquid. The stage between liquid and crystal is stated to as the mesophase and the exact molecules that can create a mesophase are called mesogens. LCPs can be segmented into two key categories, known as thermotropic systems and thermotropic systems.

The Liquid Crystal Polymer Market is experiencing growth and is projected to reach USD 2,360 million by 2030.

Thermotropic 

Liquid crystal polymers – are thermoplastic resins that show exclusive characteristics. Such materials have several exceptional and necessary traits such as heat tolerance for autoclaving, chemical inertness, and exceptional mechanical strength. Therefore, such materials have found function in numerous high-performance applications from electronic, automotive, food containers, and medical devices.

Lyotropic Liquid Crystals

Lyotropic liquid crystals are created in mixtures of solvents and amphiphiles, for instance, detergents and water. Thus, these stages are thermodynamically constant at distinct pressures, concentrations, and temperatures. Like thermotropic, a range of structurally distinct alterations occurs, which are collectively called lyotropic liquid crystals.

What Are the applications of Liquid-Crystal Polymers?

Liquid crystal polymers have an extensive variety of potential utilization thanks to their excellent physical characteristics. Some examples are shown below.

• Electrical connectors: Liquid crystal polymers plastic can be utilized to create conductive electrical connectors. They work to remove static build-ups and discharges that would else make noise interference in electrical motions.

• Vascular catheter reinforcement braiding: Vascular catheters with liquid crystal polymers and plastic braid can be vital for patients experiencing MRI scans. Catheters with metallic braiding would interrelate with the magnetic field produced by the equipment.

• Surgical instruments: Surgical types of equipment are disinfected after use through radiation. Liquid crystal polymers are perfect for this as they can endure radiation without breaking down.

• Cookware coatings - cooking utensils with non-stick surfaces are essential to endure the high-temperature atmosphere of the stove also the corrosive impacts of dishwashers and acidic foods. Liquid crystal polymers can endure temperatures equal to 280℃ and the coating is not damaged by dishwasher machines.

Advantages of Liquid Crystal Polymers

• Self-reinforcing: Liquid crystal polymer resin molecular chains recollect their order when injection molded or squeeze out. Once air-conditioned, such chains enhance directional strength to the final chunks.

• Temperature resistant: Liquid crystal polymers have tremendously high working temperatures with some being capable to work up to 340℃ for a short period.

• Flame resistant: Liquid crystal polymers are characteristically fired resilient.

• Chemical resistance: Liquid crystal polymers are resilient to an extensive variety of chemicals.

Hence, the main drivers of the liquid crystal polymer industry such as the growing requirement for consumer electronic items, the growing sales of lightweight vehicles, and its outstanding mechanical strength.

Read More

Patient Engagement Solutions Market To Generate USD 37,267.1 Million by 2030

Patients, doctors, and other healthcare professionals collaborate to improve results through a technique called patient engagement. Patients get access to the most recent information on their health reports, doses, and medicines. Using this program, both the patient and the consultant may administer the required therapies and control their own healthcare.

Patient engagement strategies provide a number of benefits, including more patient outreach, decreased problems, lower hospital readmission rates, shorter hospital stays, and improved healthcare quality.

By 2030, the market for patient engagement solutions is predicted to be worth USD 37,267.1 million, as per P&S Intelligence. The expansion can be largely attributed to the rise in chronic illness prevalence and the rising demand for sophisticated medications.

Growing Interest in Wearable Medical Technology

Wearable healthcare gadgets have gained popularity in recent years, and customers increasingly frequently use them to monitor their health and other vital indications including body mass index, blood pressure, and blood sugar.

The widespread use of technology by healthcare practitioners and patients has made it possible to gather data as well as assess its clinical utility.

The use of cutting-edge technology enables tailored diagnosis, remote monitoring of people's health, as well as proactive and preventative approaches to illness treatment.

Wearable technology makes it simple to get tailored health information for behavioral change programs and self-diagnosis. This reduces the number of hospital visits, which lowers total spending.

Further, the market is expanding due to technology developments in patient-centric wearables with applications, notably in biosensing wearables. Smartwatches, garments with integrated sensors, badges with sociometric data, and headbands are a few of the wearables that are often utilized.

As a result, the industry for patient engagement solutions is growing internationally due to the rising demand for wearable technology.

Due to the quick uptake of this software by healthcare institutions to streamline complicated health data and personalize it in accordance with needs, the software category held the greatest share in the sector in 2022, accounting for around 60% of total revenue.

Additionally, it enhances appointment scheduling, data exchange, and real-time monitoring. The advantages of integrated software, including greater patient-provider communication, increased interoperability, and higher coding accuracy, has resulted in its widespread use in healthcare institutions in recent years.

Similarly to this, the service sector is expanding quickly as a result of services' ability to enhance health outcomes by optimizing and using patient engagement solutions in accordance with customer needs.

Patient Engagement Solutions Are Increasingly Popular in North America

Because of its established hospital infrastructure, escalating count of HIT solution providers, and rising frequency of chronic illnesses, the North American market retains the highest share, at more than 40%.

The region's market is primarily driven by the region's expanding elderly population, expanding healthcare spending, and improving healthcare infrastructure.

The healthcare system in the U.S. is more complicated, with a substantial amount of documentation and a number of procedures for the commercialization of devices and treatments. Individuals' data are handled manually for all healthcare activities, which results in errors and delays.

As a result, the nation's healthcare providers are quickly embracing these technologies to enable effective patient and hospital data management.

Read More

mHealth Market To Reach USD 154,115 Million by 2030

 The total revenue of the mHealth market was USD 59,640 million in 2022, which will grow at a rate of 12.60% in the years to come, to touch a value of USD 154,115 million by 2030.

Connected devices had the largest share of revenue, of about 48% in the recent past, and it will consolidate its position in the future. 

This has a lot to do with the growing use of internet, increasing usage of tablets and smartphones, mounting need for enhanced patient care, increasing demand for a lower cost of care, and robust emphasis on real-time management of diseases.

Healthcare apps had the larger revenue share, and this trend will continue in the years to come as well. This is because of the increasing cases of chronic diseases amongst the elderly population, increasing preference for suitable health solutions, and high internet penetration along with the usage of smartphones.

Service apps also generated a considerable revenue in the past. This is credited to the growing requirement for online consultation, healthcare surveillance, remote monitoring, and emergency response; increasing count of outpatient settings, growing requirement for frequently tracking the health of patients, and increasing number of initiatives by the government to spread consciousness about overall health.

Mobile operators dominated the mHealth market with a share of 51%, in 2022, and they will maintain their dominance by the end of this decade as well. This is owing to the increase in the subscriber count, incessant development in the network infra, rise in the acceptance of the 4G and 5G, and increase in the number of industry consolidation activities.

The growing use of smartphones and tablets in various developed and developing countries is a main factor powering the growth of the industry. Mobile users are quickly switching to smartphones because of the obtainability of reasonably priced 3G and 4G spectra. 

This increasing use of smartphones, together with the increasing awareness of the numerous advantages of these services and devices, such as preventive care, will power the requirement for them. 

North America had the largest revenue share of about 38% in the past, and it will continue its dominance in the future, as per a report published by P&S Intelligence.

It is because of the increasing healthcare spending, rising number of cases of chronic ailments, growing elderly population, and sophisticated network infra.

Apart from this, the increasing burden of cardiovascular diseases, and increasing number of in-house patients boost the growth of the industry.

It is because of the increasing use of internet and smartphone, the demand for mHealth services will continue to rise in the future as well.

Read More

Polyolefin Market To Grow Fastest in APAC

The revenue of the polyolefin market was USD 281.2 billion in 2022, and growing at a rate of 4.8% in the years to come, it will reach USD 410.4 billion by 2030.

Moreover, the development of the e-commerce industry will open up a lot of retailing prospects. Consequently, the consumption of these materials will be driven by the growing sales to packaging corporations and the positive outlook of the retail sector.

Owing to its impact resistance, resistance to corrosion, ease of cleaning, and product adaptableness, in the recent past, polyethylene held a substantial share, of about 20%. Because polyethylene packaging does not let water vapor to flow through, it might protect readily polluted items from contamination from microbes.

Moreover, the injection molding application will grow significantly, as a result of the high stability of the materials, high sturdiness when exposed to the elements, high energy competence, recyclability, reasonable price, and low polyolefins weight. 

These injected-molded plastics is used in various industries, including medical & pharma, building & construction, food & beverage, and automotive.

APAC has the largest share, and it will grow at over 5% in the years to come. With the growing population, industries, and packaging requirements, sales of these materials will grow faster in the region than in others. 

Basically, the increasing consumption of these polymers in India and China, because of the presence of several manufacturing centers, is accountable for this development.

It is because of the surging requirement for the material in the commodity and renewal energy generation, the demand for polyolefin will increase even further in the years to come.

Read More

East Africa SOC as a Service Market Will Reach $131.5 Million by 2030

The global East Africa SOC as a service market was valued at $67.8 million in 2022, and this number is expected to reach $131.5 million by 2030, advancing at a CAGR of 8.3% during 2022–2030, as per P&S Intelligence.

This can be ascribed to the need for digital transaction management, growing government support, snowballing safety concerns throughout organizations, and mounting acceptance of enhanced technologies in emerging economies, including Uganda, Kenya, Rwanda, Burundi, and Tanzania.

The large enterprises category is projected to generate the higher revenue, of $114.8 million, by 2030. Furthermore, large enterprises have numerous processes; therefore, they are always applying new and advanced technologies to prevent, detect, and safety from any kind of cyberattack.

In 2022, the BFSI industry is the biggest end user in the east African SOC as a service market, since it can be considered the most fascinating market for cybercriminals due to its nature of business. Normally, a worker of a financial service association gets access to approximately 11 million documents on the day of joining. This count increases to 20 million documents for employees working in large companies.

Moreover, over 70% of the cyberattacks are aimed at the financial sector. For instance, more than 30 billion accounts are estimated to be ruptured by 2030. The administrations functioning in the sector are largely prone to cyberattacks, which suffer the price of approximately $6 million per data breach.

In 2022, the Kenyan market generated $29.4 million, which is expected to rise to $59.1 million by 2030 growing at a CAGR of 8.8%. this can be credited to the increasing acceptance of SOC as a service in the healthcare, telecom, BFSI, IT, and retail industries, and helpful data protection rules and guidelines, including The Data Protection Act 2019, in the nation. 

In corporate processes, log management is commonly utilized to handle information from a source. Characteristically, it deals with log messages produced by systems, like audit records, audit trails, and event logs, among others, to offer more appropriate results, it commonly gets and classifies the data.

Hence, the need for digital transaction management, growing government support, snowballing safety concerns throughout organizations, and mounting acceptance of enhanced technologies in emerging economies, are the major factors driving market growth. 

In the past few years, cybersecurity has become vital for industries to protect their digital possessions from increasing cyber-attacks. Some of the most popular cyber hazards are phishing assaults, spear phishing, malware, ransomware, browser gateway frauds, vishing, whaling, DDoS, and ransomware.

Moreover, cyber attackers aim, at networks, data, endpoints, and other IT infrastructure which costs businesses, governments, and individuals a considerable amount of money.

Furthermore, cyber jeopardizes damage to companies’ important information and crucial IT infrastructure. which reduces their efficiency. Because of the rapid expansion of digital transactions throughout industries, cyber crimes are happening more commonly.

Read More

Energy Management System Market Will Reach USD 111,234 Million By 2030

In 2022, the energy management system market was worth around USD 39,685 million, and it is projected to advance at a 13.8% CAGR from 2022 to 2030, hitting USD 111,234 million in 2030, according to P&S Intelligence.

This can be credited to the increasing acceptance of EMS in electricity cost volatility, construction automation, strict government rules, guidelines, and numerous incentives. Furthermore, the increase in the management of electricity uses across industrial, public and commercial sector initiatives, execution of cutting-edge power-efficient technology, and digitization in the electric utility scenario are boosting the growth of the industry

In 2022, the service category held the major revenue share and is projected to continue at the leading spot in the future as well. This growth can be credited to the rising demand for the suitable integration and installation of EMS equipment in residential and corporate buildings throughout the world.

Some of the key reasons fuelling the growth of this category are building owners’ tendency for complete control over an EMS, rising knowledge and literacy rates, and their capability to track the growing power demand for a specific location.

Intending to alteration of current infrastructure with up-to-date communication and information technologies, the electric energy system is presently undergoing a profound transition worldwide. Furthermore, smart grid systems are offering consumers an improved way of saving power with easy integration and reliable service. Additionally, consumers are allowed to automate billing information and detect equipment glitches because of the data provided by smart power meters.

In 2022, the manufacturing category held the largest energy management system market share, at 22%, and is projected to continue to the dominance in the future as well. This can be credited to the increasing requirement for EMS solutions utilized to manage numerous power sources as it is one of the biggest utilizers of electricity and the growing need for constant power supply coupled with effective energy management and distribution.

In 2022, North America held the largest revenue share, at 36%, and is projected to continue with the dominant in the future as well. This can be ascribed to the heavy usage of such solutions for an extensive range of residential, commercial, and industrial applications; the rising need for reduced power consumption along with power bills, and the rising shift for residential EMS due to growing awareness among the target population, along with the ability to afford them.

Hence, because of the increasing acceptance of EMS in building automation, electricity cost volatility, construction automation, strict government rules, guidelines, and numerous incentives, are the major factors driving the energy management system industry globally, in the near future. 

Read More

How Camouflage Coatings Can Help in Military Operations

Every other day we see in the news, the incidents of terrorism and some even more unfortunate events like the Russia- Ukraine war. Soldiers have to tackle all these murky situations.

While dealing with these situations, there are numerous ways by which soldiers disguise themselves to avoid an encounter or surprising the enemy. The most effective disguise is camouflage coating, the purpose of which is to make equipment and the soldiers less visible to enemy eyes. 

The Origin of Camouflage

The word camouflage is French and the idea it carries is that of taking something visible and rendering it invisible by making it look like something different than the actual thing.

Well, the camouflage coatings worn by soldiers comes from companies manufacturing camouflaged coatings for sale all over the world.

How Camoflauge Coatings Can Come in Handy?

Taking the Enemy by Surprise

Basically, camouflage is any material intended to fool the eyes of the enemy into not seeing your equipment, you, or your place of hiding. 

If there is a requirement of concealing your position from the eyes of the enemy, camouflage is the correct tool. 

If you do not want to revel your position before doing an all-out attack on the enemy and taking them by surprise again ,camouflage  can again come in handy

And if the enemy is unaware of your exact position in the close proximity,  camouflage coatings  will help you to reach the safety of your own lines. 

Helping in Both Offense and Defense Operations

In any defensive or offensive situation where the enemy should be visually tricked for achieving a specific objective, camouflage is essential. The right camouflage coating for the environment in which the operation is being done can prevent the enemy from finding out what are your actions, until the point it’s too late to launch any sort of counter against you.

It is because of the increasing requirement of concealing military people and their equipment from the eyes of the enemies, and the changing nature of the military because of the growing terrorism, the demand for camouflage coatings is on the rise. The total demand for these coatings will touch a value of USD 549.4 million by the end of this decade.

Read More

Commercial Satellite Imaging Market Will Reach USD 8,777 Million By 2030

 In 2022, the commercial satellite imaging market size stood at USD 3,754 million, which is projected to propel at 11.20% CAGR during 2022–2030, reaching USD 8,777 million by 2030, according to P&S Intelligence.

With the utilization of optically prepared satellites, raw image information is formed in the process of imaging. Aeronautical imaging provides better image resolution in comparison to satellite imaging, as it is nearer to the object. Terrestrial imaging is the most reasonable and offers the best image resolution, but has geographical limitations. Satellites are the most common method in comparison to other imaging approaches as they offer quicker image delivery and wide coverage. Moreover, once they are in orbit, using imaging the services are economical, which will boost expansion of the industry in the coming years.

The EnhancedView program, a ten-year, USD 7.3 billion contracts with the National Geospatial-Intelligence Agency, includes the U.S.-based corporations, such as DigitalGlobe and GeoEye. It targets to fuel image-gathering efforts and reinvest in commercial satellite imaging infrastructure. Such government agreements, which are the reason for the majority of these businesses' revenue, will increase the revenue in the coming few years.

The growing need for LBS is expected to develop the industry with a significant share in 2022. LBS is utilized for numerous applications, such as local search, mobile advertisements, navigation, enterprise services, location-specific health information, consumer tracking, tourism, and other location-based business intelligence.

Satellite imaging can provide important information and data. This is utilized by government bodies and research establishments in several sectors, such as defense, meteorology, oil and natural gas, and agriculture for several applications, 

North America is rising at a CAGR of approximately 12.40% in the coming few years, in which the U.S. had the largest commercial satellite imaging market share. The U.S. government is changing its stance from restricting commercial satellite toward enabling the private companies to utilize high-resolution satellites to orbit, thus further growing intelligence-gathering potential.

The key players include Planet Lab Inc., Blacksky global, and Digital Globe Inc. Among several end-users, commercial companies remain the major players in the North American continent.

Also, heavy investment in the army and intelligence industry along with rising geospatial research in the U.S. is projected to boost the development of the satellite imaging demand in the region the coming years.

Since, satellites are the most commonly chosen method in comparison to other imaging approaches as they offer quicker image data delivery and wide coverage. Moreover, once they are in orbit, using imaging the services is most affordable, such factors will drive the commercial satellite imaging industry in the future as well. 

Read More

Workplace Transformation Market To Reach USD 57.9 Billion by 2030

The total size of the workplace transformation market was USD 16.2 billion in 2022, and it will grow at a compound annual growth rate of 17.3% by the end of this decade, to reach USD 57.9 billion by 2030, as per a report by P&S Intelligence.

Creating office flexibility can set an institution different from its competitors. A big constituent in generating a flexible work atmosphere is to have supporting tech, for example enterprise mobility and telecommunication services, allowing employees to work and collaborate more efficiently, wherever they are and whatsoever is the task.

Furthermore, connected devices are a boon to all employees in addition to employers, by growing connectivity amongst devices, subsequent in faster data exchange from one worker/department/subdivision to another.

It is obvious across all industries, that the average age of the employees has come down, indicating that the future workforce will be dominated by centennials and millennials. These generations are more persuaded toward technology in contrast to their older counterpart.

While, this generation may not accomplish to their full potential in a firm structure; therefore, place of work alteration is vital to involve these generations for extracting their ideal potential.

Digital workplace alteration will bring numerous aspects of technologies, such as BYOD solutions, by giving extra freedom of work to staffs. For example, an AI in workplace will do boring work which needs less critical thinking and engross staffs in more cognitive work.

The enterprise mobility and telecom category had the largest share of revenue, for about 20%, in 2022, as it delivers facilities and flexibility, for example the BYOD policy, which makes personnel more agile and advances their overall productivity.

For improving collaboration, surge in productivity, and gain operational competence, enterprises are accepting such services. This was followed by unified collaboration and communication services, with about 15% revenue share in the past.

Furthermore, enterprise mobility and telecom services are more and more becoming a part of firms as they offer continuous operations regardless of location and improve the overall competence and productivity of the company. 

Also, the upgradation of Windows operating system to Windows 10 and the cloud-based features of Office 365 where the data is stored in a data center or cloud server, has powered the pace of development of transformation of the workplace. 

This let’s access to the data on an instantaneous basis from anywhere, which has developed a basic requirement for extracting optimum work results from workers.

North America dominated the workplace transformation market, with about USD 8 billion in 2022, as enterprises are more and more using digital transformation techs to efficiently for managing themselves. The increasing acceptance of unified collaboration and communications services along with enterprise mobility and telecom services by numerous business firms will drive the industry growth.

It is with the changing demographics of the workforce, the demand for the workplace transformation is increasing rapidly in the future.

Read More

APAC Is Dominating Polyisobutylene Market

The global polyisobutylene market was valued at USD 1,995.3 million in 2022, and this number is projected to reach USD 2,980.6 million by 2030, advancing at a CAGR of 5.1% during 2022–2030, according to P&S Intelligence.

This growth can be ascribed to its variety of applications, such as automotive rubber components adhesives & sealants, lubricant additives, fuel additives, medicine, and cosmetics. Polyisobutylene is a gas or liquid-resistant synthetic rubber/elastomer extracted from the mixture of isobutylene and isoprene.

High-molecular-weight PIB is utilized in a range of industrial applications, including lubricants, fuel, and additives, sealants for protecting glass and roofing membranes, glues for gum, and stretch films.

Lubricant additives are the most commonly used for this polymer, in 2022, fuel additives, generated approximately USD 1.2 billion in revenue share in the polyisobutylene market. PIB is utilized in producing tackifiers, which offer stringiness and tack to lubricants, while also providing adherence and anti-mist abilities.

In 2022, in APAC, China held the largest revenue share, at around 70%, and is projected to increase the revenue contribution at a substantial CAGR, of approximately 6%, in the coming few years.

This is mainly due to the government’s steps for infrastructure growth are expected to aid financial expansion and the cosmetics, construction, and automobile industries. Though these are not long-term predictions, growth in the manufacturing industry is predicted to remain reasonable, which will have an impact on polyisobutylene demand in the nation in the coming few years.

Read More

How Growing Cases of Neurological Disorders Enhancing Demand for Brain Modalities and Software?

By 2030, the brain modalities and software market is on the path to produce $23,195.6 million from $13,343.3 million in 2021, growing at a 5.2% CAGR between 2021 and 2030. This is because of the increasing patient importance on effective and early disease diagnosis, growing cases of neurological ailments, and the surging need for safer and non-invasive medical imaging. For example, Alzheimer's Disease International estimates that 55 million individuals worldwide will have dementia by 2020. Furthermore, this number is predicted to rise to 78 million and 139 million by 2030 and 2050, respectively.

To learn more about this report: https://bit.ly/3EhuLu7

As the number of persons with non-communicable neurological illnesses increase, so does the amount spent on such treatment. Moreover, governments will confront a rising need for rehabilitation, support services, and neurological disorder treatment as the population increases. This is owing to the cases of significant debilitating neurological illnesses increases dramatically as people become older. Because most neurological disorders have few identifiable causes, more study is needed to create diagnostic, treatment, and preventative measures.

In the worldwide brain modalities and software market, the diagnostic imaging centers segment will increase at a CAGR of roughly 7% in the coming years. This is because, as compared to clinics, hospitals, and other facilities, diagnostic imaging centers provide more economical brain monitoring and imaging services. Shorter wait periods and more customized treatment are further benefits of approaching a standalone diagnostic clinic.

AI is progressively used to enhance diagnostic accurateness and image quality. Moreover, image excellence enhancement, ailment classification automation, and segmentation are all instances of AI advancements in imaging. Thus, advance AI technologies are available to support neurosurgeons in making treatment decisions and analyzing images. AI has evolved in popularity over the years, and now it is being used in brain scans to improve image quality, limit the period a patient spends inside an image scanner, and enhance decision-making of physician and clinical analysis. 

APAC brain modalities and software market is the fastest growing region, which will to grow at a 7% CAGR in the coming years. Growing healthcare spending, the presence of a huge count of market players, increasing awareness of initial illness diagnosis through the use of sophisticated diagnostic imaging technologies, as well as the increasing incidence of brain ailments are boosting market in the area. The Radiology Asia 2019 conference, for example, was held in April 2019 in Singapore.

The use of neuroimaging methods such as PET–CT, CT, MRI, PET–MRI, and PET for detecting disorders linked to abnormalities and tumors has accepted over the years. Brain imaging methods are required at all phases of the process, from diagnosis via follow-ups until the end of the treatment cycle. These brain diagnostic devices are used for a variety of purposes, including determining the effects of cysts and tumors, stroke, and detecting edema and bleeding.

Hence, the demand for brain modalities and software will grow significantly, due to increasing patient emphasis on early and effective disease diagnosis.

Read More

Gamification Market IS Dominated by North America

A market research firm, P&S Intelligence, the value of the gamification market was USD 12.4 billion in 2022, and it will power at a brisk rate of 24.2% in the years to come, for reaching USD 70.4 billion by 2030.

The growth of the industry has a lot to do with the rapid acceptance in the corporate sector, incorporation of social media with games, and increasing requirement for enhancing the customer experience.

Enterprise-driven solutions have the larger share, about 55%, credited to the increasing requirement for gamification solutions amongst enterprises for keeping employees in good spirits at work, through the integration of gaming elements in the activities of workforce engagements.

Gamification Market Size and Share Analysis Report

Likewise, the requirement for consumer-driven solutions will grow by the end of this decade because of their growing acceptance by companies for improved customer engagement, eventually, for achieving improved brand loyalty.

Cloud deployment will register the higher rate, over 20%, because of the high acceptance of the cloud computing technology amongst organizations on account of the increasing requirement for configurable gamification platforms, for maximizing ROI.

Furthermore, the increasing pace of progressions in the cloud technology and its exclusive features, including easy setting up and maintenance, are powering the growth . The low cost of implementation of cloud-based solutions will also boost industry growth in the years to come.

The marketing category had the largest share, because of the growing emphasis of companies on improving methods of data collection for strategic planning, improving engagement of consumers with the brand, for encouraging a repetitive buying behavior, and rising awareness of the brand.

The use of gamification for marketing can allow effective long-term engagement, relationship management, and communication with targeted clienteles. 

With such strategies, customers are given specified tasks, and after the completion of these, rewards are given. The rewards can be loyalty cards, memberships, and redeemable points. These marketing efforts can help in the formulation of a incessant relationship with customers, something firms across industries wish and pursue.

The retail and e-commerce sector adopting gamification solutions at pace for improved customer engagement and, eventually, augmented product sales and enhanced brand loyalty. Also, retailers use these solutions for gathering insights, of the customers which they examine for understanding their requirements and preferences.

Also, the gamification market will grow the fastest in the media and entertainment category in the future. This is mostly credited to the increasing emphasis of companies on improving the user engagement with the product.

North America has the largest share, over 40%, credited to the growing IT spending, increasing count of startups, early implementation of cutting-edge technologies for marketing applications, product development, increasing requirement for AI–based personalized gamification solutions, and increasing emphasis of companies for enhancing employee performance and engagement of customers.

It is because of the rapid acceptance of gamification in the corporate sector, the demand for the same will increase rapidly in the future.

Read More

How Increasing Aging Population is Helping the Growth of the Biologics CDMO Industry?

The biologics CDMO market revenue was projected at $13,173.7 million in the year 2021. This is likely to rise to $31,839.7 million by 2030, at a compound annual growth rate of 10.3% from 2021 to 2030. This can be credited to the increasing need for medicines, growing aging population, heavy funding for healthcare infrastructure, and the introduction of new products. Essentially, because of the increasing occurrence of communicable diseases and high requirement for new therapeutics, pharma and biotech establishments that require to invest higher investments in innovative technologies are evolving partnerships with CDMOs.

To learn more about this report: https://bit.ly/3EkHi0b

Drug substances had the largest share of revenue, over 50.0%, in the year 2021 in the biologics CDMO market, and this will continue in the future as well. This will be because of a rise in biologics sanctions, predominantly by the FDA, along with the durable clinical pipelines and dipping biologic drug growth failure rates. Most of the subcontracting value from the production of drugs comes from the sub-segment of monoclonal antibody.

The mammalian cell line category will contribute a value of $17,983 million in the year 2030 to the biologics CDMO market, progressing with a growth rate of more than 10.0%, based on cell line type As more-complex biologics, for example, antibody-drug conjugates and bi- and tri-specific antibodies, are advanced, this will grow.  Due to their efficiency in nursing many ailments, like cancer, mAbs, and their synthetic counterparts have got large investments. mAbs have conventionally been advanced from mammalian cells for nursing these kinds of ailments.

As per the EFPIA, the pharmaceutical sector funded $46,144 million in the year 2020 in Europe for R&D and the introduction of new medicines. The growing need for pharmaceutical drugs and biologics, along with the progressive production necessities, have encouraged CDMOs to engross in R&D. Furthermore, R&D aids the progress and testing of new therapies, expansion of product portfolio, and clinical testing for security and promotion. Hence, the growing funding for research and development of products will drive the biologics CDMO market growth.

In an evolving industry, APAC entices the consideration of the concerned organizations.  It has the largest and fastest-growing biologics CDMO market, with a growth rate of more than 10% in the coming years. This is because of a rapidly growing population, which is requiring enhanced access to drugs. Also, the market growth is pushed, by the growing affordability of pharmaceuticals because of the advent of low-cost generic medicine. Moreover, a rise in GDP, government healthcare agendas, and an increase in urbanization, which have extended the access to medics and pharmacies for substantial portions of the populace, are helping in making CDMOs affluent.

India is a good prospect for the CDMO market having received FDA approval for a number of drugs and has an extremely skilled workforce. As healthcare infrastructure advances in developing countries and with the increasing volume of generic producers in India, there is going to be a vast increase in the number of local CDMOs businesses, as the country can handle a vast number of products more lucratively. Basically, the market growth is supported by the development of healthcare.

The global market is on the rise with an increase in the aging population around the world.

Read More

Green Technology and Sustainability Market IS Led by North America

 The size of the green technology and sustainability market was USD 19,499.6 million in 2022, and it will power at a CAGR of 10.7% by the end of this decade, to reach USD 43,453.9 million by 2030, as per a research report by P&S Intelligence.

The increase in requirement for IoT, 5G, and AR and VR will accelerate the requirement for low-latency computing and edge data centers. Devices, including smartphones, which are more and more equipped with ML accelerators, will intensify the use of ML, which would bring about greater data center use in the near future.

Green Technology and Sustainability Market Size and Share Analysis Report

So, ICT companies are investing considerably in captive renewable power projects, for supporting a sustainable environment, protect themselves from power price instability, and advance their brand reputation in the market. There was a considerable increase in the amount of PPAs, of 65.13%, in 2021 in the ICT sector which, in line, establishes the high acceptance of sustainable power resources by the foremost technology and software firms from 2019.

IoT will rule the industry and also grow the fastest during the forecast period. On account of the growing concerns over the health and environmental issues brought on by the increasing carbon emissions, IoT acceptance is growing at pace. 

For plummeting energy wastage and making it likely to gather energy data, this technology is being put to use in many applications, for instance power grids and utility meters, factories, homes, office buildings, city administrations, hospitals, and, smart transportation.

SMEs will accept green tech at a higher rate than larger enterprises, as these small enterprises contribute enormously to the economy of any country. In this way, the enhancing acceptance of the IoT and cloud computing techs by SMEs will give impetus to solution providers in the years to come.

Cloud computing is the finest way for them to stay stable in an age of the fast-shifting markets, since it has solved numerous hitches faced by small businesses. It offers simple access to applications, software, and databases without adding to the cost of having robust IT infra.

North America led the green technology and sustainability market in the recent past and it will continue to do so in the years to come. This will be as a result of the surge in the attempts of the government for minimizing the emission of carbon and the quick acceptance of energy-saving technologies in the region.

Because of the growing demand for energy and unstable prices of crude oil all over the world, the demand for green technology and sustainability will grow considerably in the years to come.

Read More

Paints and Coatings Market Will Grow Rapidly due to Surging Product Consumption in the Automotive

Paints and coatings are beneficial to the substrate because they may beautify and protect a surface. They improve the surface's durability when utilized for decoration. They also protect the surface against corrosive substances, corrosion, and chemical exposure.

Paints and coatings can also provide specific features, such as flame retardancy, anti-fouling, and anti-microbial properties, for certain purposes. By 2030, the market for paints and coatings is predicted to grow to USD 238.8 billion, according to P&S Intelligence.

Due to the growing population and accelerated rate of urbanization, the construction sector is expanding rapidly in the U.S., Sweden, India, China, Australia, Canada, and the U.K. 

Between 2022 and 2030, China's already-dominant construction industry is predicted to experience tremendous growth. The need for decorative coatings is being driven by this expansion of the building sector.

Governments from a number of nations are also contributing to the creation and advancement of infrastructure. The 14th Five-Year Plan of China includes such measures to integrate cutting-edge technologies into the building and construction process. The administration is expected to give priority to infrastructure for energy and transportation, with a focus on enhancing connectivity inside metropolitan clusters.

Water-borne coatings are expected to have the highest share in 2022, accounting for around 47%, thanks to their expanding application in the printing inks, furniture, plastic, automotive, and furniture industries.

Due to the cost-effectiveness and excellent adhesion capabilities of these materials, the demand for these versions will also continue to expand, which will benefit various vehicle and furniture makers.

The powder category will expand at a 6% annual pace. Because powder coat coatings are resistant to corrosion, chemicals, abrasion, and detergents, the primary application areas for these alternatives are important vehicle, engine, and industrial machinery parts.

Read More

Gas Insulated Switchgear Market To Reach USD 36,400.7 Million by 2030

The total size of the gas insulated switchgear market was USD 22,457.4 million in 2022, and it will hit USD 36,400.7 million by 2030, advancing at a rate of 6.2% by the end of this decade, as per a report by P&S Intelligence.

The indoor category had the larger share, about 70%, in the past because indoor switchgear is much safer and dependable, needs less space than an outdoor system, and more robust and easier to uphold. Because of the grounded metal enclosures, the danger of electrocution is also reduced. 

Also, it is more safe and less susceptible to ecological factors.

The outdoor category will grow at over 6% in the years to come. This substation was installed for meeting high voltage needs not associated with building construction. These substations are intended for voltage levels more than 66kV.

Furthermore, it makes it simple to surge the fitting of outdoor substations and visualize the gear of the outside substation.

The hybrid category dominated the gas insulated switchgear market with, over 40%, in the recent past. With the merger of more functions, the separation between components nearly reaches zero. The requirement for site space is greater for the AIS since permissions must be upheld between precise pieces of equipment, including CT, CB, ground switches, disconnectors, etc.

Furthermore, high-quality maintenance and preservation are required for AIS components. Instead, GIS has parts requiring less maintenance and upkeep. The incorporation of AIS and GIS nearly removes the necessity for maintenance of hybrid switchgear.

The power utility category dominated the industry and also will have the fastest growth in the years to come. The network of transmission has grown globally because of the increasing power requirements brought on by growing urbanization and population.

The transmission network will develop because of the increasing population, escalating the count of substations. This increase in substations will increase the requirement for gas-insulated switchgear.

APAC dominated the industry with around 40%, in the recent past because of the growing demand for electricity and increasing urbanization. 

Furthermore, 2.2 billion people, or 54% of the global metropolitan population, reside in APAC. Also, the region’s urban population will increase by 50% by 2050, or by a further 1.2 billion people.

North America followed APAC in the past because of the increasing requirement for electricity and surging renewable energy. In the U.S., numerous sources of energy and technologies are put to use for generating electricity. Over time, technology and sources have changed, and some are now used more often than others.

It is because of the increasing demand for electricity all over the globe, the requirement for gas insulated switchgear will continue to grow considerably in the years to come. 

Read More

Battery Production Machine Market To Be USD 36,409 Million By 2030

The battery production machine market garners USD 7,227 million in revenue in 2022, and it is projected to rise at the rate of 22.4% in the coming future, to hit USD 36,409 million in revenue in 2030, according to a research report by market research company P&S Intelligence.

This growth can be credited to the increasing public knowledge regarding environmental issues, snowballing number of lithium-ion gigafactories, and the mounting demand for EVs.

In the coming few years, the coating and drying category is set to witness the fastest growth, with a CAGR of 23.6%, mainly because the main technology utilized in the manufacturing of batteries is coating. The positive electrode anode, negative electrode cathode, and separator for separating them are all manifested as precise materials that are positioned on the substrate to make the layered electrode.

In 2022, the NMC category, generated the largest revenue share, at approximately 40%. This can be credited to its often utilization in numerous applications, such as Evs and energy systems. Manganese and nickel combine their premium qualities in NMC.

Furthermore, manganese can grow a spinel structure to get less internal resistance and low precise power while nickel holds high specific energy but deprived constancy. The metals’ joint strengths are amplified by joining them.

In the coming few years, the automotive category is projected to grow the fastest, with a CAGR of approximately 26%. The engineering of vehicles is one of the biggest industries globally. The manufacturing of 60 million automobiles every year is responsible for nearly 50% of the world’s oil consumption. The spurring demand will arise from the increasing per-capita income of people and a sizable young populace.

The need for lithium-ion battery cells is growing intensely as electric vehicle production and sales are increasing. Furthermore, vehicle producers are storming up their strategies for electrical vehicles, and several of them, such as Volkswagen Group, Geely, Volkswagen Group, Ford, and Tesla are spending extensively in order to grow their gigafactory footprints, whether via partnerships with battery cell dealers or ultimately internal manufacturing of cells.

In 2022, The APAC battery production machine market held the largest share, at approximately 36%. Because of the technical benefits, they provide and the decreasing price of lithium-ion batteries, the utilization of joined power storage solutions using lithium-ion batteries is projected to surge. Accordingly, there will probably be a lot of opportunities for Li-ion cell producers in the coming few years.

Hence, increasing public knowledge regarding environmental issues, snowballing the number of lithium-ion gigafactories and mounting demand for EVs will drive the battery production machine industry in the future as well.  

Read More

Low Light Imaging Market Dominated by APAC

 The total revenue generated by the low light imaging market was USD 23,749 million in 2022, and it will power at a rate of 10.15% by the end of this decade, for touching USD 51,466 million by 2030, as stated by a report by a market research company, P&S Intelligence.

The CMOS category dominated the industry with over 60% share. This is credited to its low cost of manufacturing, high-speed imaging, flexibility in the process by which pixels are read and processed, and resistance to smear and blooming. 

CMOS also have features including, small size, low power consumption, faster frame rate, high noise tolerance, easy integration, and high-temperature stability, boosting the industry.

APAC low-light imaging market had the largest share, and it will consolidate its position by the end of this decade, with USD 15,440 million. This is owing to the high demand for these sort of solutions in more than a few electronics and automotive manufacturing companies located in APAC and the increasing acceptance of low-light image sensors by smartphone corporations.

The increasing use of smartphone imaging sensors is helping the market to power. It is also boosted by the by the increasing use of low-light imaging goods ascribed to the rising acceptance of sensor technology in tablets and smartphones.

It is because of the availability of various imaging technologies,  the demand for low light imaging will be on the rise in the years to come.

Read More