Electric Pallet Jack and Stacker Market To Reach USD 7,069 Million by 2030

As stated by a market research institution, P&S Intelligence, the revenue generated by the electric pallet jack and stacker market was USD 4,402 million in 2022, and it will  power at a CAGR of 6.1% by the end of this decade, to touch USD 7,069 million by 2030.

The operator-driven type was the major category, with approximately 90% share of the revenue, in 2022. These kinds of variants are put to use for conveying pallets in a warehouse. The necessity for operator-driven material handling equipment is growing unceasingly to advance competence in logistics and manufacturing facilities. 

The operator-driven category is divided into walkie and ride-on, of which electric walkies was the dominator of the market. 

The above 2,000 kg load capacity will grow at the highest rate in the market. The requirement for these machines is powered by the powerful motors, offering them a considerable lifting capacity of above 2,000 kg. 

Therefore, these pallet jacks and stackers are put to use in industrial and heavy manufacturing industries for lifting heavy loads. This equipment offers more than a few advantages, for example increased efficiency, speed and reduced effort on the part of the operator. Moreover, it offers a strong structure for handling heavy loads and a strong base for stability.

APAC dominated electric pallet jack and stacker market, regarding revenue. The ascendancy of the region on the worldwide market is credited to the high acceptance of industrial automation solutions. 

Moreover, the quick propagation of logistics centers and warehouses in diverse regions is supporting the requirement for these kinds of material handling solutions.

 It is because of the increasing acceptance of latest technologies; the electric jack and stacker sales will continue to increase in the years to come.

Read More

Electric Vehicle Fluids Market Will Reach USD 13,263 Million by 2030

As per a statement by P&S Intelligence, the electric vehicle fluids market was valued at USD 1,799 million in 2022, and it will advance at 28.4% CAGR, to touch USD 13,263 million, by 2030. 

The growth in the electric vehicle fluids industry is attributed to the strict government rules to promote electric vehicles, increasing requirements for e-vehicles, and the mounting adoption of electric machinery in the construction sector.

The implementation of electric vehicles is rising because of the mounting requirement to decrease the usage of fossil fuels and their high prices that resulted in the formation of economic pressure. Moreover, the implementation of fuel cells, batteries, and electricity in EVs lowers the dependency on fossil fuels.

Based on vehicle, the passenger vehicle category is expected to witness the highest growth rate in the years to come. This is attributed to the increasing disposable income of people, development in the road infra, and initiatives by the government, for example providing subsidies on electric passenger cars. 

Additionally, the requirement for passenger automobiles will get doubled in coming years, due to the increasing focus of key automakers on technological advancements and launching new models, to ensure customers use more EVs.

Based on product, the heat transfer fluids category held the largest electric vehicle fluids market revenue share. This is because these fluids run at lower pressures as compared to steam, as well as function in a method that maintains temperature control with fewer risks of handling in a controlled unit. 

Additionally, these fluids also offer exceptional solutions for enhancing the mileage of electric vehicles with improved machine competence, improving the life of each electric motor part, helping in offering insulation for electric current, and cooling e-motors and gears.

Based on propulsion, the battery EV category accounted for the largest revenue share of the electric vehicle fluids industry. This is credited to the fact that battery electric vehicles require no diesel and petrol engines and these necessitate electric automobile fuel and routine maintenance. 

In 2022, Europe held the largest electric vehicle fluids industry revenue, at approximately 45%, therefore leading the global industry. This is because of the large number of hybrid automobiles produced and sold in the region, which generates a high requirement for electric vehicle fluids. 

Read More

Progressing Cavity Pump Market Will Reach USD 3,366 Million by 2030

The total value of the global progressing cavity pump market was USD 2,244 million in 2022, and it will rise at a growth rate of above 5.2% shortly, reaching USD 3,366 million by 2030, according to P&S Intelligence.

This growth can be credited to the increasing demand for such pumps in the utilization of improved oil recovery and other upriver processes, the rising concentration and steps for advancing water and wastewater supervision practices, and the growing applications in energy generation because of their cost-efficiency.

The demand for power throughout the globe is rising significantly, which, ultimately, is accountable for the growth in the requirement for fossil fuels for power production. As per the newest edition of the IEA’s semi-annual Electricity Market Report, the power requirement, which had tumbled to 1% in 2020 because of the influences of the pandemic, had grown near to 5% in 2021, and this is projected to remain growing in the future, which has been boosted by the worldwide economic recovery. Most of the demand for electricity generation mostly comes from the APAC region, largely China and India.

As per the World Bank, 36% of the globe’s total populace is living in water-scarce areas. Correspondingly, quick urbanization has amplified water-associated difficulties, like degraded water excellence and insufficient supply of water.

In the coming few years, the up to 50 hp category, is expected to experience the highest CAGR, of 6.1%, in the progressing cavity pump market. This is mainly because 50 hp pumps are utilized in efficiently maintaining pumping applications and the rapidity of pumps for sticky fluids hinges on the power rating.

Also, such pumps are progressively been accepted by different industries like wastewater treatment, chemicals & petrochemicals, oil & gas, and food & beverages, as they include applications like management of food waste and chemicals comprising viscous materials and others.

The increasing demand for technological improvements in solutions for the managing of different manufacturing plants in China and India brands the APAC region an industry leader, with a market share of 38% in 2022. Furthermore, this is also boosted by advancing the economic circumstances of nations and growing industrialization in the region.

Read More

The U.S. Is Dominating the North America Electric Scooters and Motorcycles Market

The North American electric scooters and motorcycles market was valued at USD 620 million in 2022, and this number is expected to reach USD 2,348 million by 2030, advancing at a CAGR of 18.10% during 2022–2030, according to P&S Intelligence.

This development can be ascribed to supportive government initiatives, from both federal and state levels. To encourage the acceptance of electric vehicles, the government is offering tax rebates and subsidies on the purchase of EVs. In addition, non-monetary subsidies, including licensing benefits, also the provision of separate lanes are boosting the acceptance of battery-operated two-wheelers in the continent.

In 2022, the U.S. had the larger share of 83%, based on value in North American electric scooters and motorcycles market, mainly because of the rapid acceptance of electric vehicle technologies in the nation. The country's government is helping in the purchasing of EVs by offering incentives and rebates, to decrease CO2 releases from gasoline-based vehicles. Furthermore, the new trend of using kick scooters for last-mile connectivity in numerous towns has contributed to market growth. 

The rising status of eco-friendly transportation systems, mainly to decrease the release of GHG, is the most vital reason behind the government initiatives to support EV sales. The help is offered through numerous subsidies and federal tax credits to consumers at the time of the purchase of EVs.

The electric scooters and motorcycles utilized for sharing services are set to experience the fastest growth by holding 82%, market share by the end of the decade. Two-wheeler sharing services are very comfortable for people, mainly everyday commuters, as they can adore riding to their destinations without bothering about owning and maintaining their vehicles.    

In 2022, the electric kick scooters category led the industry by selling maximum units with 63% market share, credited to their significant acceptance in sharing fleets. Producers have launched a large number of these scooters in the past few years as they are eco-friendly, easy to use, and economical. Moreover, they have lesser functioning costs than other automobiles, which indeed is contributing to their high acceptance in sharing fleets.

Read More

Rapid Urbanization and Industrialization Driving Growth of APAC Paints and Coatings Market

With a lot of construction activities going on in the world, and especially in the APAC region, home to two of the most populated nations, China and India, mainly to provide housing to the increasing population. it will also have a positive impact on the demand of paints and coatings as well.

Let us start:

Solvents have an important role to play in many customer-use products for making paint, with a good consistency avoid clumps and for application, in paints, dissolve the components, which are used in the making of paints and coatings. 

Glycol ether esters are added to the paints for resisting them from drying in the mid-air. It is added to paints formulations dissolving additional compounds, such as, additives, pigments and binders. 

Solvents Have an Important Role

Solvents are important in the formulation of coatings even if they’re not there at the final stage because of evaporation and control viscosity for the use. 

These are good for polar resins as they are important for higher ketones and favorable for non-polar resins when only tiny ketones are mixable with water. 

Esters have solvating power just as ketones as they also accept hydrogen and if small ester works well as a solvent for polar resins and their dissolving for non-polar boosts just as ketones.

Alcohol is Both Acceptor and Donor of Hydrogen

Alcohol is both hydrogen acceptor and donor that giving them an incredible solvating power for polar resins, OH group has its effect on it as it is in the same position. 

Alcohol reacting to isocyanates that can interfere with the process of drying of coatings can be reduced by the addition of secondary or tertiary alcohol.

So, all in all solvents have a big role to play in the formulation of coatings and prevent them from drying. With the growing construction sector in the Asia Pacific, the demand for paints and coatings is on the rise and will reach USD 133.03 billion  by the end of this decade.

Read More

Growth from the Ground Up: An Analysis of the Organic Fertilizers Market and Its Sustainable Solutions for Agriculture

The value of the organic fertilizers market was USD 5,864 million in 2022, and it is will advance at a CAGR of 12.1% in the years to come, to reach USD 14,622 million by 2030, as per a market research company, P&S Intelligence.

Cereals & grains held the largest share of 62.8%, and it will maintain its position in the coming years. This growth has a lot to do with, such agrochemicals are generally used in turf & ornamental plants, cereals & grains, fruits & vegetables, oilseeds & pulses, and other kinds of crops.

Moreover, the requirement for cereals & grains is also increasing since they can be effortlessly produced and gives high yields.The animal-based category had the largest share of 63.2% and the trend will be the same in the years to come. The necessity for animal-sourced fertilizers has grown quickly. The growing importance of animal-based fertilizers is the main factor pushing the expansion of the industry.

Furthermore, fertilizers produced from bone meal, animal waste, and blood meal, are rich in phosphorous, potassium, and nitrogen, which are the main nutrients desirable by plants. So, because of above benefits of animal-based fertilizers, their use is quickly surging.

The solid category had the larger market share in the recent past, and it will continue its dominance in the future. This is because of the greater ease of usage of granular-form fertilizers than the liquid ones. The solid form of fertilizers is generally used for lawn and garden uses, because of its ongoing effect and easy obtainability of raw material.

APAC had a significant growth in the organic fertilizers market, and will remain the same in the years to come. This growth is mostly credited to the increasing health consciousness amongst the broad cultivation land, customers, increasing population & growth of per capita income, and improved mechanization and irrigation competences.

Read More

Driving the Future of Automotive Aftermarket in Southeast Asia: The Growing Dominance of E-Commerce

 In 2022, the Southeast Asian e-commerce in the automotive aftermarket was worth around USD 3,819.8 million, and it is projected to advance at an 11.4% CAGR from 2022 to 2030, hitting USD 9,184.6 million by 2030, according to P&S Intelligence.

This growth can be credited to the utilization of these channels increasing as a result of increasing levels of digitalization and internet utilization across Southeast Asia, also the growing customer knowledge regarding product details and other advantages of online shopping.

Moreover, the market enlargement is supported by the variations in the automotive aftermarket as a whole, credited to a surge in the count of vehicles in operation and their aging, also the growth in the occurrence of road accidents.

In the past few years, Thailand held the largest revenue share in the market, and it is projected to grow at a CAGR of approximately 11% in the coming few years. This is mainly because of its substantial population, costly vehicle industry with amply of OEMs, rapid urbanization, and rising per-capita income of people.

The market is also set to experience profit from technology enhancements, fleet owners' rising knowledge and usage of quality replacement parts, and the government steps associated with passenger and vehicle protection.

The automotive aftermarket has sighted the growth of a DIY culture because of the growing trend of vehicle customization, with vehicle holders and auto devotees customizing their vehicles. While maintenance and service amenities and specialists have factually been the primary customers for vehicle parts builders, DIY fans now account for a generous portion of the sales of components via e-commerce channels. This increasing customer base would be beneficial for the automotive aftermarket.

The equipment category is all set to experience the fastest Southeast Asian e-commerce in automotive aftermarket growth at a CAGR of approximately 12%. This can be credited to the trend of advancing the several pieces of the machine of vehicles over time and the obtainability of an extensive variety of items on online channels.

A huge number of e-retailers, including Wal-Mart Stores Inc., Alibaba Group Holding Ltd., and Amazon.com Inc., provide automotive equipment on their platform, therefore creating access simple for consumers.

The quick digitization throughout the globe is basically projected to make opportunities for the enhancements of online services. E-commerce has allowed customers to buy items from any place and compare the cost of different items with just a swipe on a smartphone screen. The matter of fact that customers are progressively shifting toward online shopping has had a great influence on the courier sector.

Read More

Which High-Tech Paints and Coatings are Trending?

6 Trending High-Tech Paints and Coatings

Painting and coating, or we can say, paints or coatings don’t just offer color and gloss. They also offer protection, cooling, water-proofing etc. Innovation in painting industry, just as any other, happening over time, delivering effective wall paints, washable, therefore they are fairly easy to maintain. With the all the innovations taking place, and that too at a rapid pace, these can be termed as high-tech paints and coatings.

Some of these high-tech paints and coatings are trending in the industry, let us have a look at the reasons, why these are the hot favorite of the people in the contemporary scenario.

Self-Cleaning Paints

Innovations in paint technology have brought about the discovery of self-cleaning paint. This kind of paint can retain its original color for a fairly long time. This is made with nanotechnology which reduced friction on the surface. This makes it easier for dust particles and water drops to slide of easily, not leaving any stains.  

Smart-Paints

With smart paint, your wall can be turned into a touch-screen one. This has conductive nickel grid creating electrodes on the wall, which acts as a sensor for keeping a track of all the movements. This allows the walls to sense movement, comprehend commands through gestures and can be an asset for commercial spaces.  

Antimicrobial Paints

With all the latest innovations going around in the world of paints and coatings, it is a time, when paints can now be used with nanotechnology for repelling any unsafe microbes. This can be attained with the addition of silver particles to the paint killing any microbes coming in contact with it, and also keeping the walls germ-free.  

These paints can really come good, when the world is once again feeling the tightening clutches of the corona pandemic in the recent times.

Faster-Drying Paints

There is always a danger hovering around the fact that, a person might touch a freshly-painted walls and spoiling the paint. But, now, there is no need to worry about this. Researchers have introduced faster drying paint drying off quickly and save the walls from needless hand prints and other kinds of marks.

One-Coat Paints

Applying numerous coats of paint to for attaining the effect, you have always wished for. Be it smoothness or a certain kind of texture. Also, there are many resources going into this. 

With the latest innovation, painting can be made a lot easier, it has a lot to do with the introduction of one coat paint, a mixture of paint and primer products. A single-coat can make your home or office have a new and fresh feel.

3D- Paints

With new development in paint and coatings technology, the people can now use 3D visualization technology for deciding how an office or a house will look like, on the basis of the chosen shades and colors. This can save a lot of time on the part of the seller their resources despite deciding the right look.

Due to the rampant infra construction, the demand of high-tech paints and coatings will continue to grow, and will reach a value of USD 267.5 billion in the years to come.

Read More

APAC Dominates Biodegradable Mulch Film Market

The biodegradable mulch film market was USD 50.8 million in 2022, and it will reach USD 87.8 million by 2030, advancing at a rate of 7.1% in the years to come, as per P&S Intelligence. The sector is driven by the increasing awareness concerning the damaging effects of inorganic mulching and supportive government guidelines.

Starch is working as an emulsifier, encapsulant, viscosifier, defoaming agent, and sizing agent in a diversity of industrial uses. Starches are prized for their aptitude to impart textural properties accompanied by delivering gelling or film formation.

The requirement for biodegradable mulching for fruit & vegetables is growing, because of its low life time cost and ban on inorganic mulching materials in numerous countries. Globally, nearly 2,500 square miles of agricultural land is employed for mulching of fruits & vegetables. About 99% of the mulching of fruits & vegetables is led by the usage of polyethylene mulch.

Polyethylene mulch is used as a layer for protection on the soil top in crop production, as it bids benefits including, conservation of soil, reduces soil erosion, and soil temperature maintaining. The fruits and vegetable mulching also helps in weed control, better moisture retention, faster crop growth, diminished fertilizer leaching, and enhanced quality of crops.

Furthermore, Europe was the second largest in terms of revenue generation. In the region, 95% inorganic mulching comprises the usage of fossil-based and non-biodegradable materials mostly manufactured outside Europe. Benefits presented by biodegradable mulching technique has encouraged farmers to make use of this this technique for the production of crops. Governments of Italy and France have formulated guidelines concerning the usage of biodegradable mulch films.

 Due to the supportive regulations of the government all over the world, the demand for the biodegradable mulch films will increase significantly 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

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

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

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

Hybrid Electric Car Market Will Reach 9.9 Million Units by 2030

With an increase in population and the income of the people, the number of vehicles on the roads globally are also increasing like anything. Vehicular pollution has long been a global issue, and it is continuing to be the same. Addressing that, people have started looking for options that can substitute the burning of fossil fuels in vehicles. 

Electric cars and hybrid electric cars have come out as a solution for countering this issue of increasing pollution. Because of this, the demand for hybrid electric cars is on the rise, and will reach a volume of 9.9 million units by the end of this decade.

What is a Hybrid Electric Car?

HEVs has all the benefits of a gasoline along with electric powertrain. They are designed with an intention to chiefly meet the goal of getting better fuel economy from a vehicle. Mileage of a hybrid cars is much better than a conventional fuel burning car.

While conventional cars use an ICE-powered engine, the hybrid cars have engine and motor. The motor functions in sync with the petrol- or diesel-powered engine. 

Different Types of Hybrid Cars

Pure Hybrids

Pure hybrids have all the potential to just run on the power from an electric motor, also there is a feature in these cars of switching automatically between fuel power and electric power depending up on the terrain and the usage. These variants had the largest share in the hybrid electric car market, of around 66%, last year as stated by P&S Intelligence..

Mild Hybrids

Mild-hybrid is another kind of car that has the potential to do the same. The motor in a mild-hybrid car provides support the engine in acceleration hence bringing about a better fuel economy than the conventional fuel-powered cars.

Plug-in Hybrids

PHEVs are pretty much similar to EVs. They can run solely on electric motors, though, the range of the plug-in hybrids is much greater. While Hybrid cars give a mileage of 25–40 km in electric mode, PHEVs can have a range of around 60–100 km in pure electric mode. Similarly, they can switch from electric to hybrid mode.

People are choosing hybrid cars based on their preferences and pocket, and with the improvements in technology and charging infra, there can be a time, when the roads will be bereft of only diesel-petrol driven vehicles. 

Read More

Can E-Cars Help India To Live its Dream of Being All-Electric

With the outbreak of the pandemic, there are various things that have become new normal. Whether it is the use of mask by people or the inclination toward online pharmacy, or the work from home model. One more thing that also adds to this list of new normal is the growing fondness of the people toward electric vehicles in the world and also in India. 

With a big jolt to the economy of the world, there is a sudden price hike in diesel and petrol, people are looking for other sustainable options for fuelling their vehicles.

By switching to an electric car, it is possible for the people to play their part in freeing up the metro cities from pollution. EVs can make it possible for India to move toward a cleaner and sustainable future for the people.

Range plays an important role, as cars often go on long routes, and the charging should be quick and easy, for the electric variants to become more popular in India.

Generally, EVs are expensive, mainly because of battery. 1kWh of power is enough to power a car approximately 6 km, so a 200km variant requires about 35 kWh of battery. The charges for lithium-ion batteries are about USD were not so long ago was 250/kWh globally. But with the constantly falling prices of the batteries and reaching as low as USD100/kWh, in the years to come, electric cars can emerge as a game changer in India as well as the world.

The demand for electric cars will surely increase in India and will reach to a total sale of 376,000 units by the end of this decade. 

With rising fuel prices, the need for electric cars has increased. With proper infra, they will become within the reach of the customers, and who knows, may be soon India can live the dream of becoming all-electric in terms of vehicles. 

Read More

India Electric Scooter and Motorcycle Market Is Predicted To Hit USD 6,161 Million by 2030

In India, sales of electric motorcycles and scooters are soaring as a result of the country's growing pollution levels and more financial incentives from the government. As per P&S Intelligence, in 2030, it is predicted that the Indian electric scooter and motorcycle market would be worth USD 6,161 million.

Owing to the escalating need for zero-emission cars, favorable government laws, the growing desire for energy-efficient commuting, and growing fuel prices, two-wheeler manufacturers have been forced to look into alternate power supplies for the two-wheeled models.

Additionally, federal, state, and municipal governments have recently implemented a number of programs to control automobile emissions, including purchase refunds, taxes exemptions, and financial benefits for EV customers. The government's increased emphasis on reducing pollution levels in the nation portends regulatory support for electric two-wheelers.

In India, scooters and motorcycles are responsible for 30% of the country's airborne pollution and 20% of its CO2 emissions. Recent government regulations have taken into account the requirement to electrify the fleet of two-wheelers. To address this, the national government has out a proposal in 2019 to have all two-wheelers up to 150 cc sold exclusively as electric vehicles by March 2025.

Further, over 2 million scooters and motorcycles powered by gasoline are used for courier services, operating for several hours each day. Additionally, there is a greater need for two-wheeler vehicles for delivery due to the numerous food and beverage shop openings in the main tier-1 and tier-2 cities.

The major OEMs have taken advantage of this chance to persuade last-mile delivery companies to swap out their outdated vehicle models for more affordable, low-maintenance, and environmentally friendly alternatives.

The biggest two-wheeler industry in India is in Uttar Pradesh, where electric versions are also becoming more and more popular. Large tier-2 and tier-3 cities are increasingly in need of these vehicles.

By providing incentives for the purchase of electric vehicles, the Indian government is helping the sector. In essence, these incentives have increased the consumer viability of battery-powered scooters and motorcycles. Tax exemptions, purchase refunds, and financial incentives for EV consumers are a few of the supported measures.

Read More

Medical Device Outsourcing Market To Generate USD 273.0 Billion by 2030

Outsourcing the manufacture of medical equipment is known as medical device outsourcing. Medical device firms can outsource routine production and gain from cost savings, a simplified supply chain, and logistical alignment. These advantages enable them to bring commercial goods to market while guaranteeing that all requirements set out by the industry are satisfied.

The medical device's component that is outsourced to service providers and contract manufacturers includes a variety of services, including device assembly, design consultation, manufacturing process design, shipping packaging, process improvement identification, recurring processing, package testing validation, and sterilization validation.

According to a report by P&S Intelligence, the medical device outsourcing market is expected to reach USD 273.0 billion by 2030. This may be ascribed to the ongoing developments, increase in R&D spending in the healthcare industry, rise in need for medical devices, increased pricing rivalry, the need to cut costs, and an increase in the number of CMO/CDMOs throughout the world.

Globally, there is a growing need for outsourcing finished goods. This can be attributed to the surge in demand for inexpensive medical items and the mounting financial strain on the industry. Additionally, the healthcare industry's rapid technological development, high level of innovation, and significant player investment are propelling market expansion.

In 2022, the category of class II accounted for the biggest revenue share, of over 70%, and it will continue to hold that position going forward. This can be due to the rise in surgical operations performed throughout the world.

Category with Highest Sales Is Cardiology

The market's greatest share belongs to the cardiology category. This is due to an increase in surgical operations as well as an increase in cardiovascular illnesses, such as atrial fibrillation, myocardial infarction, angina pectoris, hypertensive heart disease, rheumatic heart disease, and congenital heart disease.

In the years to come, plastic surgery is predicted to grow at the quickest rate. This can be attributed to the rise in minimally invasive aesthetic procedures and the expanding outsourced product selection.

Read More

Why Should You Switch to Electric Buses in India?

Electrification of vehicles is nothing new in the contemporary scenario. This electrification can help the people to play their part in reducing the environmental pollution caused by vehicles. After battery-powered two and three-wheelers, e-buses are also experiencing a growth, supported by many incentives from the government. Indian electric bus industry is experiencing growth and is projected to reach USD 2,766.1 million by 2030. 

Electric buses are being used throughout the country under the gross-cost contract model, which supports addressing the upfront investment the burden on cash-strapped State Road Transport Undertakings while the driving acceptance by increasing private participation.

Close to 2,000 electric buses have been deployed in India, while there are many e-bus orders is the pipeline.

Why Should You Switch to Electric Buses?

Eco-Friendly

As we all know that conventional vehicles are responsible for a large share of the pollutants that get released into the environment. Though, the lesser-known fact is that buses, despite being less than 15% of city traffic, it is the reason for more than 60% of the carbon emissions. That is why it is a big initiative to electrify public transport to diminish urban pollution. And this is not just for the air-polluting agents, but the silent nature of the electric buses is also a huge advantage for the public.

Healthier Air Quality in Cities = Better Health Outcomes 

 It’s not only the earth that is benefited from lower injurious gas emissions – with improved air quality, we would also live a longer and healthier life. A study was done in China, where the acceptance of zero-emission vehicles is moving at a fast pace, because of health benefits, 

Reduced Noise and Increased Convenience for Travellers

People commonly link public transportation as being populated, noisy, and bumpy rides. This is the main reason for the low acceptance rates of public transport as compared to private car usage. One way to surge the acceptance of public transport is to make the ride more convenient for passengers, and e-engines, not having exhaust system, are more silent than ICE vehicles. 

Lower maintenance costs

As we all know that repairs are comparatively more expensive for EVs than for traditional ICE vehicles, it is also true that electric vehicles require less maintenance. This is due to the pulsing heart of an e-bus is its battery, which makes over 40% of the total price of the vehicle and, if damaged, can be very costly to repair or replace. But, if charged and utilized carefully, an electric vehicle's battery can last a long- and will not require regular repairs.

Lower Cost of Operations

Usually, electricity is much more affordable than conventional fuels. This means that operational cost for the same route is less costly with an electric bus, as opposed to an ICE or hydrogen one. 

Hence, as electric buses emit no pollution, no noise at all, and runs at a fairly less cost, the adoption of e-buses will grow at a rapid rate in the future. 

 

Read More

North America Is Dominating Clinical Nutrition Market

The clinical nutrition market size stood at USD 37.8 billion in 2021, which is expected to reach USD 70.8 billion by 2030, advancing at a CAGR of 7.2% during 2021–2030, as per P&S Intelligence.

The geriatric population across the globe has been registering significant growth since the past few years. As the medical industry has made various advancements when it comes to more effective medication and medical instruments. Owing to this, the life expectancy of people has risen. However, the human body is bound to become weak as it grows old, due to which, older people fall sick more often than adults. This is why, geriatric population needs enhanced medical care frequently. 

The digestive system of old people becomes inefficient, making it hard for the body to extract the essential nutrients from the food that is consumed. In addition to this, the loss of appetite is a common problem among older people, which can further result in deficiency of nutrients. Ascribed to these factors, the demand for clinical nutrition has been increasing at a rapid pace. Clinical nutrition helps aged people to meet the needed nutrition intake. 

Other than this, the demand for enteral nutrition is also on a rise across the globe, owing to the rising prevalence of central nervous system diseases (CNS) and increasing number of cancer cases. Enteral nutritional supplements are utilized during the treatment of CNS and cancer disorders, since they ensure that patients consume all essential nutrients. Cancer results in decreased appetite, which can further lead to malnutrition. Attributed to this, enteral nutrition is consumed by cancer patients for staying relatively healthy. 

Geographically, the Asia-Pacific region is expected to emerge as the largest clinical nutrition market in the coming years, owing to the increasing aging population and surging birth rate. In addition to this, malnutrition is highly prevalent in the region, which is also projected to drive the demand for clinical nutrition in the region. The increasing disposable income of people, growing awareness regarding the benefits of clinical nutrition, and rising expenditure in the healthcare in recent years are further expected to lead to the growth of the regional domain. 

The APAC market is projected to witness the highest CAGR, of above 9%, in the coming years. This can be credited to the mounting geriatric population, snowballing birth rate, and high malnutrition rates in the region.

Hence, with the rising count of patients, booming geriatric population, and high count of prematurely born babies, the demand for clinical nutrition products continues to increase.

Read More

Rising Popularity of Virtual Rehabilitation Due to Remote Monitoring

Conventional rehabilitation is repetitive in nature and ends the patient’s motivation. Also, it requires a therapist to work with the patient continuously throughout it. It also needs resources and hence increases the cost of the healthcare system. 

Virtual reality-based rehabilitation has emerged as a major addition to conventional therapy. It is engaging, and motivating, and adds a positive learning experience. 

The virtual rehabilitation industry has garnered $325.6 million revenue in 2021, and it is projected to rise at a rate of 24.3% from 2021 to 2030, to generate $2,312.3 million revenue in 2030. 

The virtual-based therapy reduces the required tasks relying on the patient’s requirement, with video-game, or imitation-like activities. Virtual reality provides endless possibilities. The customization of virtual environments involves designing tasks considering the physical and cognitive impairments of an individual. 

If virtual therapy is given to a patient from distance, it is known as telerehabilitation. Stimulation exercises used in the treatment of post-stroke patients involve a video game approach or teacher object approach. In this kind of treatment, the stimulation requires virtual replicas of rehabilitation devices. Usually, patients with cognitive deficits are prescribed phobia-inducing virtual environments. 

VR-augmented rehabilitation has given better results for patients in the chronic phase of the disease and experiencing a stroke. Such kind of treatment also helps patients who have fear of flying, fear of heights, Vietnam syndrome, and chronic stroke patients. 

The telerehabilitation interventions based on virtual reality have benefitted post-stroke patients and Musculoskeletal patients. Virtual reality shows major advantages when implemented in the treatment of patients with varying conditions. 

The major benefits of virtual rehabilitation include adaptability, patient motivation, patient baseline variability, online remote data access, transparent data storage, remote data access, scale economy, and reduced medical costs. 

The major benefits of virtual-based rehabilitation include: 

• It offers more advanced digital rehabilitation methods compared to conventional therapy and maximizes the rehabilitation measures effect. 

• It helps patients with varying neurological disorders to perform actions, that they cannot perform in real life. 

• It offers individualized treatment plans with careful assessment and follows case-by-case treatment goals. 

The major players operating in the industry are, CoRehab srl, MIRA Rehab Limited, Gesture Tek Inc., Neuro Rehab VR, Virtual Group, Bridgeway Senior Healthcare, SWORD Health Inc., Hinge Health Inc., and Modek Medical B.V. 

Therefore, the numerous advantages of virtual rehabilitation over conventional methods lead to its increased preference. 

Read More