What Do Different Industrial Scrubbers Do for You?

Scrubbers are devices using liquid for the elimination of particulate matter or gases from an industrial exhaust or flue gas stream. This liquid entrains pollutant gases and particles for effectively washing them out of the gas flow.

Wet Industrial Scrubbers

This differs from the other scrubbers because the liquid-gas association increases the level of moisture of the gas expelled from the scrubber. The increased moisture will create a visible cloud leaving the scrubber.

Dry Industrial Scrubbers

The dry sorbent used to eliminate the acid from the gas is made of an alkaline slurry. This is basic in nature and will counteract the acid in the gas. This can be mixed with thse acid gas in two ways. 

There are two types of dry industrial scrubbers. The first method is dry sorbent injection. In this, the gas is mixed directly with the alkaline sorbent.  

Another method is the spray dryer absorbent method. In this, the polluted gas is processed through a mist of the sorbent. The sprayer lets for a good mix and effective removal of the contaminants from the gas.

Electrostatic Precipitators

Furthermore, there are also wet electrostatic precipitators helping remove high moisture gases. Some chemicals that can be removed from gas are sulfuric acid. The slurry containing the bound pollutant is rotated away from the electrostatic precipitator for removal of the contaminates and uphold an effective charged surface for removal of pollutants.

The demand for industrial scrubbers is on the rise, and will reach a value of USD 8,055 million by the end of this decade. It is because of the increasing count of manufacturing facilities resulting in the discharge of several pollutants.

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Why Will APAC Dominate Epoxy Adhesive Market?

By 2030, the worldwide epoxy adhesive market is predicted to touch $13,483.9 million from $8,217.9 million in 2021. The market will advance at a 5.7% CAGR from 2021 to 2030 owing to the rising need for adhesives from the marine, cement, plastic, construction, and automotive sectors. To meet the environmental standards, corporations are developing green sealants and adhesives over chemical adhesives. They are engaging in advancing the technologies for the production of these green products. For instance, the RENUVA technology for sealants and adhesives has been developed by The Dow Chemical Company to enhance water resistance.

Based on end user, the building and construction sector ruled the epoxy adhesive market with revenue of approximately $2.3 billion in 2021. This can be attributed to the adaptability of the adhesives in the construction and building sector. Their dominance can be justified by their varied application in surface repair, gap filling, and lamination. Their application can be extended to stainless steel, bricks, ceramics & porcelain, cellular PVC, and fiberglass. Hence, with the growth in the construction of residential, industrial, and commercial spaces, the consumption of these bonding agents is booming.

Based on type, the epoxy adhesive market can be bifurcated into one component and two-component. The one-component category holds the larger share because of the enhanced features of these variants, including solvent-free mixture and fast curing. Since no mixing is required in this variant, it is more appropriate for assembly lines as it uncomplicates the manufacturing process and makes it effortless. However, there will be an increasing requirement for two component-based epoxy adhesives in the forecast period, especially in construction activities.

APAC dominates the epoxy adhesive market, attributed to its massive electrical, electronics, & semiconductor; automotive, and construction industries. China is the highest revenue generator in this region because it is among the biggest exporters of sealants and adhesives, home to all important market players’ manufacturing units because of economical labor, and the largest country in terms of purchasing power parity. In addition, India will also witness growth due to the rising count of consumers, cheap labor, and expanding automotive industry.

Hence, epoxy adhesive demand is burgeoning across the globe due to the growth of the automotive and construction industries.

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How Will Agriculture Sector Steer Ethylene Vinyl Acetate Market Growth?

A number of factors such as the surging agricultural activities, increasing solar PV installation, and burgeoning demand for ethylene vinyl acetate in several industries are expected to drive the ethylene vinyl acetate market at 7.2% CAGR during 2021–2030. According to P&S Intelligence, the industry was valued at $7,060.8 million in 2021, and it will generate $13,149.7 million revenue by 2030. In recent years, the increasing number of mergers and acquisitions among leading players has become a key market trend.

A surge in agricultural activities, on account of the growing population, is expected to drive the demand for ethylene vinyl acetate in the future. As per the UNFPA, the global population will increase from 7.7 billion in 2020 to 9.7 billion by 2050 and could reach approximately 11 billion around 2100. The organization also states that Asia, Africa, Europe, Latin America and Caribbean, North America, and Oceania is home to 4.7 billion, 1.3 billion, 750 million, 650 million, 370 million, and 43 million people, respectively.

Moreover, the increasing PV installation, owing to the surging focus of governments and people on renewable energy, will also support the ethylene vinyl acetate market growth. As solar power is the cleanest renewable energy source and is available in abundance, developed and developing countries around the world are aggressively focusing on the installation of solar power plants. Ethylene vinyl acetate refers to a thermoplastic polymer that is used as an encapsulating agent in solar modules because it offers an insulating and sealing coating over PV cells.

The foam category, within the application segment, accounted for the largest share in the ethylene vinyl acetate industry in 2021. This was primarily on account of the booming end-use industries, such as building and construction, furniture, automotive, healthcare, consumer goods, sports equipment, and electronics, in emerging economies, such as China, India, and Thailand. The growth of these end-use industries can be credited to the economic growth of countries and the surge in disposable income of people. Owing to this factor, the category is expected to witness the fastest growth throughout this decade.

At present, the ethylene vinyl acetate industry is fragmented in nature, due to the presence of numerous players, such as ARLANXEO Holding B.V., Arkema Group, Asia Polymer Corporation, Braskem S.A., Celanese Corporation, Clariant AG, and The Dow Chemical Company. Nowadays, the market players are focusing on product launches to consolidate their position. For example, in August 2021, Braskem S.A. unveiled HD1954M, a new HDPE resin, which delivers rigidity, productivity gains, impact strength, and packaging optimization. 

Globally, the APAC ethylene vinyl acetate market generated the highest revenue in 2021, and it is also expected to continue witnessing this trend in this decade. The dominance can be credited to the booming population, increasing urbanization and commercial activities, and mounting disposable income of people. Additionally, the flourishing footwear and packaging industries will also contribute to the market growth in the region. Furthermore, the APAC market is also expected to exhibit the fastest growth in the coming years, due to the burgeoning demand for durable plastic products from the PV panel, footwear, and pharmaceutical sectors. 

Thus, the increase in agricultural activities and the wide-scale installation of solar power plants are expected to create a high demand for ethylene vinyl acetate across the world.

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How Will Manufacturing Sector Strengthen India Coding and Marking Systems Market?

 The Indian coding and marking systems market will display a healthy CAGR of around 12% between 2021 and 2030, primarily on account of the surging need for traceability across industries and the increasing implementation of government regulations on product labeling. According to P&S Intelligence, the industry was valued at $42.7 million in 2021, and it will generate $127.6 million revenue by 2030. Additionally, the booming packaging and manufacturing industries and the increasing application of coding and marking systems are also key contributors to the market growth.

One of the primary growth drivers of the market is the ongoing boom in the manufacturing and packaging industries. To create a healthy environment for these industries, the Government of India is taking numerous initiatives, such as the 'Make in India' campaign and the production-linked incentive (PLI) scheme.  Under the 'Make in India' scheme, the government has prioritized the food processing industry, which is one of the key users of coding and marking systems for product labeling. Likewise, the PLI scheme supports the pharmaceutical sector, which uses such systems for labeling pharmaceutical products.

In addition, the booming population will also help the Indian coding and marking systems market growth in the future. Population boom will result in the high volume consumption of chemicals and agrochemicals and electrical and electronic products. Additionally, the surging population will also lead to the wide-scale construction of residential and non-residential projects. Tools and products are labeled using coding and marking systems. According to the World Bank, the population of India grew from 1.36 billion in 2019 to 1.38 billion in 2020.

At present, the Indian coding and marking systems market is consolidated, due to the presence of a few key players, such as Kishu Giken Kogyo Co. Ltd., RYNAN Technologies Pte Ltd., Hitachi Ltd., Control Print Limited, Dover Corporation, Danaher Corporation, and Domino Printing Sciences plc. In recent years, these players have been actively involved in product launches to gain a competitive edge. For instance, in November 2020, Domino Printing Sciences plc introduced the K600G, a blister foil and web digital printing solution, for product-level sterilization in the pharmaceutical sector. 

Therefore, the flourishing industrial and packaging sectors and the soaring population will propel the demand for coding and marking systems in India.

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How Are Hefty Government Investments Driving Electric Vehicle Demand in India?

 The government of India approved Phase-II of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) Scheme for 3 years commencing from 1st April 2019. The scheme has an outlay of Rs.10,000 crore. This phase aims to put 7,000 e-Buses, 55,000 e-four-wheeler passenger cars, 5 lakh e-three wheelers, and 10 lakh e-two wheelers on the roads of India. These numbers may vary in the future. This scheme will only incentivize advanced battery and registered vehicles. 

Thus, the incentives being provided by the central government will support the Indian electric vehicle market growth during 2020–2030. Additionally, the central government is offering subsidies on the purchase of electric buses, passenger cars, three-wheelers, and two-wheelers. The surging government support can be primarily attributed to the rising environmental concerns and soaring air pollution levels in the country. According to the 2020 World Air Quality Report, 22 of the top 30 polluted cities of the world are in India and most of the pollution in these cities can be ascribed to automotive fuel combustion.

India Electric Vehicle Market - P&S Intelligence

Nowadays, Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., TVS Motor Co. Ltd., Olectra Greentech Ltd., Lohia Auto Industries, Ather Energy Pvt. Ltd., Terra Motors Corporation, Ashok Leyland Ltd., Saera Electric Auto Pvt. Ltd., Mahindra Electric Mobility Ltd., Electrotherm (India) Ltd., Tata Motors Ltd., and Toyota Kirloskar Motor Pvt. Ltd. are offering electric variants of two-wheelers, three-wheelers, passenger cars, and commercial vehicles to Indian customers. At present, the sales of e-three-wheelers exceed that of other EVs, due to the extensive demand for last-mile connectivity in the country.

According to P&S Intelligence, Gujarat dominated the Indian electric vehicle market in the recent past, due to the escalating environmental concerns, surging need for first- and last-mile connectivity, rising air pollution levels, and increasing government support toward EV production and adoption in the state. Furthermore, Uttar Pradesh is also expected to witness a significant sale of EVs in the coming years. The state will witness booming sales of electric two-wheelers and three-wheelers in tier 1 and tier 2 cities to bridge the first- and last-mile connectivity gap. 

Thus, the escalating government support in the form of subsidies and incentives will boost the production and sales of EVs in India in the coming years.

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New Zealand Micromobility Market To Grow by 64.3% by 2030

The major factors driving the New Zealand micromobility market are the convenience and cost-effectiveness of these services, rising need to make the earth greener, and supportive government regulations for these transport solutions. As a result, the cumulative revenue garnered by the providers of these services in this island country will increase to $2,395.1 million by 2030 from $9.5 million in 2020, at a 64.3% CAGR during 2021–2030 (forecast period). These services are essentially provided on two-wheelers, mostly electric, which commuters drive themselves.

New Zealand Micromobility Market - P&S Intelligence 

E-scooters, e-mopeds, e-bikes, e-pods, scooters, and bikes are the categories of the type segment. Among these, the e-scooters category held the largest share in the New Zealand micromobility market in 2020 as these vehicles are immensely popular here. Compared to pedal-assist bikes, e-scooters are faster and more convenient as they save riders’ effort in propelling them forward. Due to the same reason, the scooters category will likely witness the fastest growth during the forecast period.

The biggest trend in the New Zealand micromobility market is investment in start-ups. Seeing the burgeoning demand for smoother connectivity within cities, many new companies are entering the country’s micromobility landscape. To establish their operations, they are raising significant investments from major capital firms, wooing them with their innovative business models. Moreover, even automakers and providers of conventional mobility services are funding these start-ups, in order to expand their own areas of operations.

As a result of the rising demand for these services, New Zealand micromobility market players are expanding their fleets and service areas. For instance, Neuron Mobility Pte. Ltd. added 880 N3 e-scooters in Auckland in January 2020, as part of its expansion drive in the Asia-Pacific (APAC) region. Designed to allow people to traverse the city’s hilly terrain, they are provided with safety helmets. In the same vein, in June 2019, 400 e-scooters were deployed in Wellington by Flamingo Technologies Limited, as part of the state’s micromobility trial.

Hence, with government support and the rising need for low-cost transportation, the market will continue to boom.

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South Korean Micromobility Market Revenue To Surpass $11,000.0 Million by 2030

The South Korean micromobility market reached a value of $120.3 million in 2020, and it will generate $11,178.5 million revenue by 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The market is being driven by the rising focus on mitigating traffic congestion in cities, burgeoning requirement for reducing air pollution and traveling expenditure, and soaring need for better first- and last-mile connectivity across the country. 

South Korea Micromobility Market - P&S Intelligence 

Due to their low cost, abundant availability, and ability to provide greater convenience than conventional transportation systems, the popularity of micromobility services is growing rapidly in South Korea. Moreover, the increasing concerns being raised over the escalating pollution and deteriorating air quality levels are also driving the requirement for micromobility services in the country. According to a study conducted in February 2017, South Korea recorded the second-worst air quality level out of all developed countries that are members of the Organisation for Economic Co-operation and Development (OECD).

As the adoption of micromobility services reduces the requirement for personal vehicle ownership, the soaring popularity of these services is predicted to solve the issue of road congestion, which will, in turn, mitigate the air pollution levels in the country. Besides this factor, the surging demand for better first- and last-mile connectivity is also expected to propel the growth rate of the South Korean micromobility market in the coming years. Depending on vehicle type, the market is classified into e-mopeds, bikes, scooters, e-bikes, e-pods, and e-scooters. 

The players operating in the South Korean micromobility market are actively focusing on partnerships in order to expand their operations and bolster their position in the industry. For example, KT Corporation announced in March 2021 that it has entered into a partnership with Omni System Co. Ltd. and the city authorities of Goyang for deploying 400 Tazo bikes near subway stations and other populated areas in the city. The organization also announced that it would start charging a fixed fee of $0.4 (KRW 500) for every 20 minutes from April 12, 2021.

Hence, it can be safely said that the market will register substantial growth in the coming years, mainly because of the rising requirement for better first- and last-mile connectivity and increasing road congestion in the country. 

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Why Are Veterinarians Prescribing Organic Trace Mineral Products?

Trace minerals play a vital role in several metabolic functions in the animal body. These minerals can be derived from organic as well as inorganic sources. Inorganic trace minerals, such as sulphates, carbonates, chlorides, and oxides of elements, interact with tannin, fiber, silicates, oxalate, phytate, and other minerals in the gastrointestinal tract of animals, thereby affecting the feed absorption process. As organic trace minerals such as selenium, zinc, copper, and manganese improve gut absorption in animals, they are being increasingly used in animal feed. 

Organic Trace Minerals Market Outlook

As organic trace minerals also include iron, the surging iron deficiency among poultry and ruminants will help the organic trace minerals market register significant growth in the coming years. Additionally, the mounting focus of animal farm owners on strengthening animal immunity will create a huge requirement for minerals such as copper and manganese in the foreseeable future. Furthermore, the surge in the number of animal farms is propelling the demand for organic trace minerals, as veterinarians are increasingly recommending using these products in animal feed. 

According to P&S Intelligence, North America dominates the organic trace minerals market, due to the surging customer awareness about the advantages of organic products in the region. Additionally, the implementation of stringent environmental regulations is limiting the use of inorganic minerals, which is, in turn, fueling the adoption of organic trace minerals in the region. Furthermore, the Asia-Pacific (APAC) region is also adopting a considerable volume of organic trace minerals, due to the soaring consumption and export of milk products and meat in the region. 

Thus, the rising emphasis on animal health and enhanced productivity, escalating demand for milk products and milk, and growing prevalence of iron deficiency among animals will encourage the use of organic trace mineral products in the coming years.  

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Increasing Government Support Driving Fuel Cell Electric Vehicle Market Growth

The global fuel cell electric vehicle market generated $3,059.5 million revenue in 2020. The market is being driven by the enactment of strict carbon emission regulations, such as those regarding fuel efficiency, by various governments and organizations, and the burgeoning requirement for environment-friendly vehicles, on account of the surging concerns being raised over the escalating carbon dioxide emissions all over the world. For example, the U.S. Environmental Protection Agency (EPA) is encouraging the adoption of fuel cell electric vehicles in order to reduce carbon dioxide emissions in the country.

Fuel Cell Electric Vehicle Market Outlook

Furthermore, the European Union has announced recently that it aims to reduce vehicular emissions by 80% by 2050 from the levels reported in 1990. The organization would achieve this objective by promoting the use of green vehicles. Besides, the mushrooming deployment of electric vehicles in several countries is also driving the growth of the fuel cell electric vehicle market. For example, as per the International Energy Agency (IEA), the sales of electric cars surpassed 2.1 million across the world in 2019, thereby propelling the global electric car fleet to 7.2 million.

This will be primarily because of the enactment of strict emission norms by the governments of China and Japan. Further, the existence of several major fuel cell vehicle manufacturing organizations such as Toyota Motor Corporation, SAIC Motor Corporation Limited, and Hyundai Motor Company, is also fueling the deployment of fuel cell electric vehicles in the region. Furthermore, the implementation of initiatives such as the promotion of zero-emission automobiles during major events like the 2020 Summer Olympics in Tokyo, is also propelling the market expansion in the region.

Hence, it is safe to say that the demand for fuel cell electric vehicles will surge sharply in the upcoming years, mainly because of the growing demand for environment-friendly vehicles, on account of the increasing air pollution levels and carbon dioxide emissions, and the enactment of favorable government initiatives regarding their deployment across the world. 

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Booming E-Commerce Sales Propelling Demand for Digital Freight Forwarding

With the burgeoning requirement for freight safety and time-controlled deliveries, surge in global and domestic trade, and increasing adoption of smart technologies such as artificial intelligence (AI), big data analytical solutions, and internet of things (IoT), the demand for digital freight forwarding is rising sharply across the world. Big data analytics and other enterprise management suites (ERP) are used for handling many complex tasks and operations, thereby recuing the dependency on human work, which often leads to operation delays, miscalculations, and inefficiencies. 

Digital Freight Forwarding Market

Moreover, with the growing demand for greater accuracy in product deliveries, shorter delivery time periods, and higher effectiveness of freight operations, the adoption of advanced technologies is surging in the industry. This is subsequently driving the growth of the global digital freight forwarding market. DHL International GmbH, J.B. Hunt Transport Services Inc., Schneider National, UTi Worldwide, C.H. Robinson Worldwide, Inc., and Descartes are some of the major digital freight forwarders across the world. These organizations are actively focusing on reducing the reliance of human workers for contacting carriers, scheduling deliveries, controlling fleet operations, and negotiating rates.

Across the world, the demand for digital freight forwarding solutions was the highest in North America in 2019, as per the findings of P&S Intelligence, a market research company based in India. This is ascribed to the fact that the U.S. is the global leader in international trade. Additionally, many digital freight forwarders are based out of North America. However, the digital freight forwarding market is also predicted to register the fastest growth in Asia-Pacific (APAC) in the upcoming years, because of the presence of special economic zones (SEZ) and the expansion of manufacturing bases in the region.

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Hence, it is safe to say that the demand for digital freight forwarding solutions will soar in the years to come, primarily because of the booming international and domestic trade and soaring e-commerce sales all over the world. 

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Demand for Artificial Turf Booming Globally

Artificial turf refers to the surface of synthetic fibers that are made to look like natural grass. In recent years, such surfaces have been replacing natural grass, due to their various advantages, such as high durability, less wear and tear, and low maintenance requirements. Besides, the usage of artificial turf also helps in reducing the consumption of water and other hazardous fertilizers and pesticides. Owing to the benefits associated with these surfaces, their usage has significantly surged in commercial facilities and residential lawns, apart from the sports arenas.

The artificial turf market has been witnessing a substantial surge due to the expansion of the construction industry. These surfaces are rapidly replacing natural grass in stadiums, sports fields, residential houses, and commercial gardens. For instance, the construction of eight new stadiums in Qatar, on account of the upcoming 2022 FIFA World Cup, will require a high amount of artificial turf. As these artificial surfaces do not require water, they are viable for use in water-scarce regions such as the Middle East.

Artificial Turf Market

With the upcoming sports events such as FIFA 2022 and 2020 Summer Olympics and expanding construction industry, on account of rapid urbanization, companies such as CCGrass, SIS Pitches, ForestGrass, TenCate Grass, Limonta Sport S.p.A., and Victoria PLC are producing artificial turf in huge quantity. Moreover, the rapid infrastructure development in emerging economies such as India and China  like the building of smart cities, will augment the sales of artificial grass in the foreseeable future. Additionally, the increasing focus of oil-based economies, such as Saudi Arabia and Qatar, on the tourism and hospitality sectors will amplify the usage of artificial turf for landscaping purposes.

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According to P&S Intelligence, Europe generates a notable demand in the artificial turf market, due to the fast-paced replacement of grass surfaced sports arenas with artificial turf, owing to its environment-friendly characteristics and superior quality. As the region is extensively involved in golf, tennis, hockey, and football, Europe adopts a large volume of artificial turf. As Europe is home to large stadiums such as Camp Nou, Wembley, Croke Park, Twickenham, and Westfalenstadion, it requires artificial grass in high quantity.

Thus, the upcoming sports events and increasing construction activities will augment the need for artificial turf in the coming years.

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Popularity of Two-Wheeler Logistics Services To Surge in Asia-Pacific in Future

With the rising consumer requirement for faster product delivery, the demand for two-wheeler logistics solutions is growing rapidly across the world. Moreover, customer buying behavior and expectations are changing rapidly, as they are increasingly expecting free and fast shipping along with competitive product prices. As this delivery schedule challenges the traditionally used logistics, businesses are increasingly focusing on adopting faster, more-efficient, and cheaper logistics alternatives, such as two-wheeler logistics solutions.

Two-Wheeler Logistics Market

Additionally, many service providers are focusing on speeding up their delivery processes, which is also boosting the demand for two-wheeler logistics solutions. Besides this, the expansion of the e-commerce industry and the rapid digitization in the logistics industry are also driving the popularity of the two-wheeler logistics solutions across the world. According to the United Nations Conference on Trade and Development (UNCTAD), the revenue generated from global e-commerce sales grew by 8% from 2017 and reached $25.6 trillion in 2018.

Due to the aforementioned factors, the demand for two-wheeler logistics services is rising sharply, which is, in turn, driving the growth of the global two-wheeler logistics market. Grocery delivery, food delivery, parcel delivery, and e-commerce delivery are the major services provided by two-wheeler logistics solutions. Out of these, the adoption of these solutions is predicted to rise at the fastest pace in e-commerce delivery applications across the world in the coming years. 

One of the major trends currently being witnessed in the two-wheeler logistics market is the emergence of several two-wheeler logistics solutions providing start-ups, on account of the surging investments being made by various venture capitalists in the region. For example, Mara Labs Inc. (Locus) announced in May 2019 that it has received an investment of $22 million, during its Series B funding round, from Tiger Global Management LLC and Falcon Edge Capital LP.

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Hence, it can be safely said that the demand for two-wheeler logistics solutions will shoot up in the forthcoming years, primarily because of soaring consumer demand for faster product delivery and the expansion of the e-commerce industry across the world. 

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Progressing E-Commerce Sector Boosting Electric Loader Rickshaw Presence in India

As per the India Brand Equity Foundation (IBEF), the e-commerce sector in the country is witnessing significant growth, and it is expected to surpass that of the U.S. to become the second-largest in the world by 2034. The prospering e-commerce sector, on account of the surging penetration of smartphones and the internet and changing consumption patterns, will augment the deployment of electric loader rickshaws for cargo delivery. Owing to this reason, the Indian electric loader rickshaw market will advance at a considerable rate during 2020–2030.

India Electric Loader Rickshaw Market

The presence of such vehicles on Indian roads has surged in the last two years owing to the rising environmental concerns and technological advancements in the automobile industry. To mitigate the rising air pollution levels, the central government and state governments are offering incentives and subsidies on electric three-wheelers, thereby fueling the production and adoption of electric loader rickshaw across India. These vehicles can carry cargo loads of up to 450 kg, thus making them ideal for light-to-medium-duty urban freight transport operations.

According to P&S Intelligence, the Indian electric loader rickshaw market has a strong presence in Ahmedabad. Around 70% of all the electric rickshaws in Ahmedabad are loader rickshaws, whereas in Gurugram, 15%–20% are loader rickshaws. Moreover, the percentage of electric loaders is rising in the  electric cargo three-wheeler fleet of Delhi. Apart from these, several cities of Uttar Pradesh, Madhya Pradesh, West Bengal, Bihar, Rajasthan, Punjab, Assam, and Jharkhand are adopting a significant number of electric loader rickshaws.

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The requirement for these three-wheelers in different states of India is met by Victory Electric Vehicles International Pvt. Ltd., Kinetic Green Energy & Power Solutions Ltd., Lohia Auto Industries, Hero Electric Vehicles Pvt. Ltd., and Terra Motors Corp. These companies are focusing on expanding their production capacities and introducing new and improved variants due to the favorable government policies and high preference for technologically advanced and energy-efficient vehicles.

Thus, the progressing e-commerce sector and rising government support will boost the number of electric loader rickshaws on Indian roads.

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Popularity of UHT Milk Set to Soon Eclipse That of Regular Milk

 In recent times, there has been a steep rise in the popularity of UHT (ultra-high-temperature) processed milk all over the world. This is predominantly because of the lack of proper refrigeration space and equipment and long power outages in several countries around the world. Moreover, the high refrigeration costs in various other countries are pushing up the popularity of food items such as UHT milk that can last long without requiring refrigeration. Unlike regular milk which requires continuous refrigeration till consumption, this type of milk can be stored for as long as nine months without refrigeration.

The ability of the UHT milk to remain fresh for such a long period of time and without requiring continuous refrigeration makes it a highly popular food item, particularly in the developing countries that have a poor cold storage infrastructure. Additionally, the longer shelf life of the product is boosting its popularity amongst the people living in apartments, especially in the developing nations of the Middle East, Africa, and Asia-Pacific. Moreover, the rising adoption of busier lifestyles is fueling the consumer demand for ready-to-eat/drink items, which is, in turn, propelling the advancement of the UHT milk market across the world. 

In China, 60% of the total milk drinkers consume UHT milk these days, as per many reports and surveys. This share of UHT milk drinkers is predicted to rise further in the future years, mainly because of the rapidly increasing population of the country. The other major factors contributing to the surging sales of UHT milk are the increasing disposable income of people and the availability of affordable private-label UHT milk in numerous hypermarkets and supermarkets in several countries around the world.

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Because of the above-mentioned reasons, the consumption of UHT milk will increase tremendously in the coming years, which will, in turn, cause huge expansion of the global UHT milk market in the future. The market is categorized on the basis of segment into semi-skinned, skimmed, and whole. Out of these, the whole category recorded the highest volumetric growth in the market during the last few years. The largest consumers of whole milk were children in the age bracket (2 years and below). This is because this milk contains all the necessary nutrients required by a toddler for growing up properly.

Globally, the UHT milk market registered the highest volumetric growth in Europe in the years gone by, as per the findings of the market research firm, P&S Intelligence. This is ascribed to the high consumption of various dairy products and the high per capita consumption of milk in the Netherlands, Belgium, Germany, and several other European countries. In addition to this, the easier production and distribution of this milk in the European nations in comparison to the other countries led to huge sales of this milk in this region in the past few years.

Therefore, it can be said with surety that the requirement for UHT milk will rise enormously all over the world in the forthcoming years, mainly because of the longer shelf life of this milk than regular milk and the lack of proper refrigeration space and facilities in various countries across the world.

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Healthcare IT Integration Market by Product & Services, Application and Forecast Report 2024

The global healthcare IT integration market size is estimated to witness a considerable growth during the forecast period. The major factors that will accelerate the growth of the healthcare IT integration market are high healthcare costs, government initiatives to curb this rising cost and the growing demand to incorporate IT in the healthcare domain. However, the cost of incorporation is expensive and needs to monitored for the growth in the global market.

The healthcare IT integration market has been categorized on the basis of product and services, and application. The products in healthcare IT integration market include interface/integration engines, media integration solutions, medical device integration software, and other integration tools. Based on the services provided, the market is segmented into implementation services, support and maintenance services, and training services. In the services segment, support and maintenance services hold the largest healthcare IT Integration market share and is expected to hold its position during the forecast period 2013-2023.

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The introduction of the electronic health record (EHR) market in hospitals, clinics and other organizations, to enable patient engagement, and increase the productivity conversely decreasing the healthcare cost, provides ample growth opportunities for the healthcare integration market. Further, Asia Pacific is an emerging healthcare market that holds a huge potential to offer IT solutions to curb healthcare complexities, this encourages investors and market players to consider expansion in the region.

Asia-Pacific is expected to be the fastest growing healthcare IT integration market in the forecast period. The rise in awareness with respect to various health conditions and the consequent increase in expenditure for a better healthcare infrastructure, thereby providing quality healthcare facilities at lower cost are some of the drivers for the region’s fastest growth. Further, the regulatory bodies in this region are rather less stringent as compared to the rest of the world which will further boost the growth of the healthcare IT integration market.

Some of the key players in the global healthcare IT integration market are Quality Systems Inc., Allscripts Healthcare Solutions, Inc., Orion Health, Oracle Corporation, Qualcomm Life, Inc., IBM Corporation, Corepoint Health LLC, GE Healthcare, Siemens Health, Epic Systems Corporation, Summit Healthcare Services, Inc.

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High-Throughput Screening Market is Expected to Witness the Fastest Growth in APAC During the Forecast Period

The global high-throughput screening market size is witnessing considerable growth due to increasing geriatric population, increasing healthcare expenditure, increasing research and development activities, launch of technologically advanced products that are miniaturized and automated and growing popularity of high-throughput screening for drug discovery. Moreover, high adoption of high-throughput screening models in pharmaceutical and biotechnology companies across the globe is supporting the growth of the market. Based on technology, 2D cell culture segment is expected to grow at the fastest rate during the forecast period owing to its low cost and ease of use.

The rapid growth in emerging economies and growing research and development activities on stem cells and toxicology is expected to create opportunities for the manufacturers of high-throughput screening products. However, high cost of high-throughput screening, lack of trained professionals and complexity in assay development are the key factors hampering the growth of the global market.

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Geographically, North America has been the largest market for high-throughput screening, owing to its increased awareness, increasing government funding, established healthcare industry, and easy accessibility to advanced technologies due to the awareness in the region. The U.S. contributed largest revenue to the North American as well as global high-throughput screening market. The increased research and development activities and increasing prevalence of chronic diseases arising the need for novel treatments is the key growth driving factor for the U.S. high-throughput screening market.

Globally, the high-throughput screening market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to the increasing research and development activities, increasing per capita income leading to improving standard of living, increasing healthcare spending, growing demand for better quality medical care, and awareness about high-throughput screening in the region.

The key players operating in the global market are Agilent Technologies, Inc, Danaher Corporation, Thermo Fisher Scientific Inc., Merck Millipore, Bio-Rad Laboratories, Inc., Hamilton Company and Aurora Biomed, Inc.

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Increasing Geriatric Population Driving Population Health Management Market

The growing geriatric population, prevalence of chronic diseases, investments, and healthcare expenditure are the key drivers for the population health management market. Advancing at a 23.3% CAGR during the forecast period (2016–2022), the market is projected to garner more than $48.1 billion in 2022, compared to $13.6 billion in 2016. The collection of patient data via multiple health information technology resources to be compiled into one single record is termed as population health management (PHM). It is used to identify the diseased population, care gaps, and risks, as well as engage patients, devise treatment methodology, and measure clinical outcomes.

The population health management market is being driven by the rising geriatric population across the world. The United Nations Department of Economic and Social Affairs mentioned that by 2050, the percentage of people over the age of 60 would grow to 21.1% from 11.7% in 2013. With age, the body’s ability to heal wounds, circulate blood, and fight infections diminishes, which makes the elderly more susceptible to many diseases, such as cardiovascular and neurological diseases. Further, many older people sometimes require personalized treatment, in which PHM can be extremely helpful.

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Another factor driving the growth of the population health management market is the increasing chronic disease prevalence. Lifestyle changes, unhealthy diet, and lack of awareness about many medical conditions and preventive health checkups contribute to the rising incidence of chronic diseases. The Centers for Disease Control and Prevention estimated that in 2012, nearly 117 million people lived with one or more chronic conditions in the U.S. Patients suffering from such diseases require long-term treatment and care and may even suffer from secondary ailments. PHM helps in the easy management of diseases in a cost-effective way over extended periods of time.

The segmentation of the population health management market is also done based on component. The bifurcations of this segment are service and software; in the historical period, software was the larger of the two in terms of the revenue generated in the market. As the market for PHM is still in the developing phase, different end-users are predicted to invest in new software installations, which would further contribute to their high demand, thereby resulting in their growth during the forecast period.

Therefore, the market for population health management is projected to witness remarkable growth in the forecast period owing to the increasing menace of chronic diseases, especially among the elderly.

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Infection Surveillance Solutions Market Analysis, Share and Forecast Report 2024

Infection is the invasion and multiplication of microorganisms such as viruses, bacteria and parasites that are not normally present within the human body. An infection may cause no symptoms and be hidden, or it may cause symptoms and be clinically visible. An infection may remain localized, or it may spread through the blood or lymphatic vessels to become systemic (present in the entire body).

The global infection surveillance solutions market is growing due to the emergence of diseases caused by microorganisms that were previously not known. The microorganisms living naturally within the body are not considered as infectious for example, bacteria that normally live within the mouth and intestine such as E. coli do not cause an infection to the body. Hospital associated infections such as urinary tract infection, surgical site infections and pneumonia are increasing due to the use of contaminated devices, patient clothing, and other materials used in hospitals and clinics. This has thus provoked healthcare professionals and hospitals to adopt infection surveillance solutions to identify possible infections during the time the patient remains in hospital, and to develop necessary preventive measures for the same. These infection surveillance solutions also aid in diagnosing antibiotic resistant organisms (AROs) and infections due to non-sterile medical devices.

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The growth in the global infection surveillance solutions market is expected to be mainly due to the increasing incidence of HAIs; policies introduced by government for preventing these HAIs; and increase in expenditure in healthcare sector. According to World Health Organization (WHO), 9.9% of the gross domestic product (GDP) of the world was spent on healthcare in 2014. Furthermore, cost-effectiveness, and redundancy of clinical data and the increase in number of surgeries drive the growth of infection surveillance solutions market.

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The introduction of cloud-based software into the infection surveillance solutions market and high growth in developing countries across Asia-Pacific and Latin America provide vast area of opportunities for players in the infection surveillance solutions market.

Various players in the infection surveillance solutions market are focusing on collaborating with other companies to expand their product and service offerings as well as introduction of new treatment methods into the infection surveillance solutions market.

Some of the other key players in global market are, Premier Inc., Baxter International Inc., Gojo Industries, Inc., Truven Health Analytics (An IBM Company), DEB Group Ltd., Hygreen, Inc., Atlas Medical Software, and RL Solutions.

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How is Prevalence of Various Diseases Driving Medical Gases and Equipment Market?

The prevalence of chronic, lifestyle-associated, and respiratory diseases is on the rise across the world. For example, as per the Centers for Disease Control and Prevention (CDC), about 117 million people in the U.S. were suffering from at least one chronic disease in 2012. Similarly, according to the World Health Organization, nearly 250,000 people die of asthma every year around the world. In order to treat these diseases, several medical gases and devices are required. Hence, as the prevalence of various diseases increases, the demand for all types of medical devices will also grow. Medical gases and equipment are important elements in medical centers, life sciences sector, laboratories, and long-term care; they are used for treatment as well as diagnosis of several diseases.

According to a study conducted by the P&S Intelligence, the global medical gases and equipment market is expected to attain a value of $21.6 billion, advancing at a CAGR of 8.0%, in the coming years. The primary applications of medical gases and equipment include diagnostics, pharmaceutical manufacturing & research, and therapeutics. During 2012–2015, the largest demand for medical gases and equipment was created by therapeutic applications. Medical gases are used for various therapeutic purposes including treatment of cardiovascular and respiratory diseases, acute hypoxia, pain, resuscitation, and pulmonary arterial hypertension, cryosurgery, in neurobiology, and for anesthetization. The demand for medical gases and equipment will remain the highest for therapeutic applications in the near future due to the surging prevalence of chronic and respiratory diseases.

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There are two types of medical gases, namely medical gas mixture and pure medical gas. During 2012–2015, the requirement for pure medial gas was higher. This gas comprises nitrogen, oxygen, carbon dioxide, helium, nitrous oxide, medical air, argon, xenon, and carbon monoxide. Types of medical gas equipment include oxygen concentrator, medical gas equipment accessories, and gas delivery system. Out of these, medical gas equipment accessories are expected to be demanded the most in the coming years. Medical gas equipment accessories are further divided into flow meters, regulators, vacuum systems, hoses, masks, outlets, manifolds, alarm systems, and others (which include pressure switches, fittings, ball valves, check valves, and conversion kits).

Global Medical Gases and Equipment Market Segmentation

By Type

·         Medical Gas

o    Pure medical gas

§  Oxygen medical gas

§  Nitrous oxide medical gas

§  Medical air medical gas

§  Nitrogen medical gas

§  Carbon dioxide medial gas

§  Helium medical gas

o    Medical gas mixture

§  Blood gas mixture

§  Lung diffusion mixture

§  Nitrous oxide-oxygen mixture

§  Carbon dioxide-oxygen mixture

§  Laser gas mixture

§  Aerobic mixture

§  Anaerobic mixture

§  Helium oxygen mixture

§  Ethylene oxide mixture

·         Medical Gas Equipment

o    Medical gas equipment accessories

§  Vacuum system

§  Manifolds

§  Alarm system

§  Flow meters

§  Hose

§  Mask

§  Regulators

§  Outlets

o    Medical oxygen concentrator

o    Medical gas delivery system

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By Application

·         Therapeutic

·         Diagnostic

·         Pharmaceutical manufacturing & research

·         Others

By End User

·         Hospital

·         Home Healthcare

·         Emergency Service

·         Pharmaceutical Industry

·         Academic & Research Institute

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