How is Rising Demand from End-Use Industries Driving Cleanroom Doors Market?

Cleanrooms are a necessity for biotech, pharmaceutical, and medical devices industries as products manufactured by these industries need to be produced in suitable environmental conditions. Take for instance the preparation of pharmaceuticals such as injections, vaccines, and ointments; they need to be manufactured in a microbe and particulate-free environment. Similarly, medical devices, such as surgical equipment and implants, require a sterile environment for their packaging. These products can only be prepared in cleanrooms as they offer suitable conditions by reducing the concentration of contaminants, such as microbes, dust, aerosols, and chemical vapors. Due to these factors, the demand for cleanrooms is increasing, which in turn is leading to the rising requirement for cleanroom doors since they are an important part of cleanrooms.

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Cleanroom doors minimize air leakage, provide tight environmental separation, and maintain air pressure differential between the cleanroom and adjacent room. The low quality of these doors can cause alteration and degradation of the quality of products that are being manufactured in the cleanrooms.

According to a study conducted by the P&S Intelligence, the global cleanroom doors market is projected to advance at a 5.3% CAGR in the coming years. Various types of cleanroom doors include sliding, roll-up, and swing. Among these, swing doors were the most in demand during 2012–2015 and the situation is going to be the same in the near future as well. These doors are most commonly used in cleanrooms due to their easy accessibility and low cost. Swing doors are hinged on double-sided hinges and can be operated electrically and manually.

At the present time, the demand for customized cleanrooms that are equipped with suitable pressure conditions and temperature is on the rise. Due to this, cleanroom door manufacturers are also focusing on designing and manufacturing doors with certain features, such as incorporation of lubrication-free design and stainless-steel shrouds and side frames. One of the key aspects to consider for the door manufacturers and end users is the site-specific need in the end-use industries, as customized cleanrooms and cleanroom doors have specific applications in medical devices, pharmaceutical, and biotechnology industries. Customized cleanroom doors are manufactured with different features, such as vision panels, interlock and magnetic lock systems, push plates, and activation devices, as per the specific requirements.

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APAC LED Lighting Market Set for Rapid Growth Forecast 2019-2024 | Key Players: Signify N.V., Osram Light AG, Cree Inc., Zumtobel Group

Increasing government initiatives aimed at promoting energy-efficient lighting systems, growing number of smart city projects, and longevity of LED lights are driving the growth of the sector. Due to various benefits of LED lights, such as low energy requirement, electricity expenditure reduction capabilities, and better build, their demand from businesses has increased.

The Asia-Pacific LED lighting market was valued at $27.5 billion in 2018 and is predicted to witness a CAGR of 13.0% in the forecast period (2019–2024).

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In 2018, among China, India, Japan, South Korea, Australia, and rest of APAC, China held the largest revenue share in the market, owing to its growing number of urban lighting projects for buildings, roads and railways, rising government spending on bettering the lighting system in shopping malls, offices, and hospitals, and surging demand for energy-efficient and eco-friendly lighting products.

With the help of energy-efficient lighting, the greenhouse gas emission and thermal pollution can be minimized. Government initiatives toward checking carbon emissions are playing an important part in supporting the growth of the APAC LED lighting market. In 2015, the Government of India launched the Street Light National Programme (SLNP) to encourage energy efficiency. SLNP is aimed at replacing 35 million conventional lights with LED lights.

With the help of energy-efficient lighting, the greenhouse gas emission and thermal pollution can be minimized. Government initiatives toward checking carbon emissions are playing an important part in supporting the growth of the APAC LED lighting market. In 2015, the Government of India launched the Street Light National Programme (SLNP) to encourage energy efficiency. SLNP is aimed at replacing 35 million conventional lights with LED lights.

Hence, with the growing initiatives of governments toward energy-efficient lighting, building new residential houses and commercial buildings, and development of smart cities with all modern facilities, the demand for LED lighting is escalating, thereby resulting in significant growth of the APAC LED lighting market.

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Car Rental Market: R&D Portfolio and Opportunity Analysis

The World Travel and Tourism Council reported that in 2018, a growth of 3.9% was witnessed by the global travel and tourism industry. It created more than 319 million jobs worldwide and amassed $8.8 trillion in 2018. This massive growth in the industry also boosted the growth of other related industries, such as car rental. Nowadays, tourists prefer renting cars to explore a new place as it gives them the flexibility of planning their own itinerary without the fear of relying on public transport system. Car rental services allow customers to travel to their choice of places as per their convenience. Further, the rising disposable income has also established the trend of more people taking short trips. Rather than taking their own vehicle, customers prefer renting cars; airport rentals are the most common as tourists rent a car immediately after landing in a new country and keep the car with them for the whole duration of their stay or drop them off at convenient drop-off points.

Witnessing a 7.9% CAGR, the car rental market is expected to generate a revenue of $122.6 billion in the coming years. Car rental services are offered via three different vehicle types:  luxury, executive, and economy. During 2014–2018, the economy vehicle type was used the most for car rental services. These cars are inexpensive and are smaller in size and have a seating capacity of four to five persons. Being smaller in size, these cars have a high fuel efficiency, which makes them a suitable option for rental services. Further, amidst growing environmental concerns, these cars are witnessing a high demand as their impact on the environment is not as severe as other cars. In the coming years, the luxury cars are predicted to register a faster growth in demand, as the global disposable income is improving. These cars offer superior performance, comfort, and have better configuration.

One of the key trends in the car rental market is the deployment of electric vehicles for rental purposes. In wake of rising concerns about vehicular emission, governments of many countries are bringing in stringent regulatory policies to cut down on such emissions. From offering subsidies and incentives to creating awareness about the harmful effects of conventional energy sources on the environment, governments and various organizations are working toward popularizing the use of electric vehicles. In Europe and the U.S., one of the rental companies, Sixt SE offers fully electric cars in the luxury segment, such as BMW i8, BMW i3, tesla Model X, and Tesla Model S. In India, in 2018, Zoomcar India Pvt Ltd. entered into a partnership with Mahindra & Mahindra Ltd for the deployment of electric cars for rental purposes. 

The popularity of the internet has resulted in the development of the online or digital car rental system, which is helping the car rental sector become more organized. Online car rental allows the consumers to shortlist the car of choice, and make bookings well in advance without the hassle of visiting the office. Further, majority of the companies have their own applications, which can be used by consumers to avail any assistance that they may need throughout the rental period. Therefore, the digitization of the car rental process has made it much safer, transparent, and cost-effective, which has been instrumental in making these services popular.

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Growing Demand in Retail Sector Driving Emotion Analytics Market

In 2018, the emotion analytics market generated $164.7 million and is projected to reach $1,419.2 million in 2024, advancing at a CAGR of 46.8% during the forecast period (2019–2024). The market is witnessing growth due to the surging demand in the automotive sector, rising adoption of business intelligence (BI) and data analytics, and increasing demand for emotion analytics in the retail sector. Emotion analytics software reviews non-verbal cues such as body language, gesture, and facial expressions and the tone of a person for providing richer insights into the human expression of emotion.

On the basis of type, the emotion analytics market is categorized into video analytics, speech analytics, facial analytics, text analytics, and others (which include electrocardiogram, eye tracking, and electromyography). Among these, the facial analytics category dominated the market in 2018 and is further predicted to retain its position during the forecast period. This is because a large number of enterprises are utilizing face analytics for analyzing customers’ feelings regarding their services and products through facial expressions, since facial expressions are strongly linked with emotions.

In terms of application, the emotion analytics market is divided into competitive intelligence, public safety & law enforcement, customer experience management, workforce management, sales & marketing management, and others (driver monitoring and market research). Among these, the largest share of the market was held by the customer experience management division in 2018. With the growing market competition, the expectations of the customers are changing, because of which the retailers are engaging in new initiatives and investments that are designed to cater to the needs of evolving customers.      

Another factor driving the emotion analytics market is the growing demand in automotive sector. The market players in the automotive industry are focusing on research and development activities for enabling emotion recognition features in cars, where the software installed in cars will respond intelligently to the expressions which are being expressed by the driver. The software allows gesture, eye movement recognition, touch, and detects the attentiveness of the driver, which is why the risk of road accidents will be reduced.

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A key trend being observed in the emotion analytics market is the use of emotion analytics in video games. Due to the rising popularity of video games the companies operating in the market are focusing on developing new solutions which are integrated with emotion analytics software in order to understand the emotion and behaviors of users. Such software helps companies in analyzing and understanding real-time emotions, including facial expressions, reactions, and feelings such as fear, joy, and anger, at every stage of the game, which further aids the companies to gain better insights.

Hence, the market is growing because of the growing demand of emotion analytics in the automotive and retail sectors. 

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How is Growing Adoption of Energy-Efficient Lighting Solutions Driving High-Power LED Market?

As per a research conducted by P&S Intelligence, in 2018, the global high-power LED market reached a value of $12,647.2 million and is expected to advance at a 5.3% CAGR in the near future. LEDs come in four power ranges: 1–2.9 W, 3–4.9 W, 5–10 W, and >10 W. Out of these, 3–4.9 W LEDs were sold the most in 2018, and the category is further expected to retain is position in the coming years. 

The reason for this is that these LEDs are witnessing a large-scale adoption in several applications. Most commonly they are utilized in outdoor and indoor lighting systems in industrial, residential, and commercial areas, such as retail display lighting, architectural lighting, and channel lighting. 

Since high power LEDs have numerous benefits, their applications are wide as well. The high power LED market is categorized into backlighting, automotive, signs & signals, general lighting, and others (which include ultraviolet LEDs, camera flash lighting, and infrared emitter). 

Among all these, the largest demand for high power LEDs was created for the application of general lighting in 2018 due to the rising sales of downlight, area light, spotlight, tunnel light, and industrial light. The fastest growth in demand for high-power LED lighting solutions is projected to be witnessed by the application of backlighting in the coming years. 

In this application, high-power LEDs are utilized in monitors, tablets, gaming devices, status indicators, televisions, laptops, mobiles, and channel letter lighting.

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The high-power LED market has a large number of global and regional players. Some of the major players in the market include Osram Licht AG, Cree Inc., Nichia Corporation, Seoul Semiconductor Co. Ltd., Samsung Electronics Co. Ltd., Everlight Electronics Co. Ltd., MLS Co. Ltd., Lumileds Holding B.V., LG Innotek Co. Ltd., Epistar Corporation, and Broadcom Inc. In order to maintain their stronghold on the market, these companies are adopting product launches as a key strategy.

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Surging Demand for Novel Therapeutics to Drive Catalog Peptides Market Forward

The catalog peptides market size is expected to grow to $332.1 million by 2024 at a CAGR of 5.8% during the forecast period (2019–2024), from $238.4 million in 2018. The increasing funding in protein-based research, technical advancements, rising chronic disease burden, and growing research activities to develop innovative therapies are the major drivers of the market. A short chain of amino acids, in which the amino acids are linked together by peptide bonds, constitutes a peptide. Catalog peptides are off-the-shelf products, which are available with manufacturers for use in biochemistry, molecular medicine, and pharmacology.

The catalog peptides market is observing growth due to advancements in technology that help in the cost-effective manufacturing of peptides. Previously, peptides were synthesized from natural sources, such as adrenocorticotropic hormone (ACTH) derived from the porcine or bovine pituitary and insulin from bovine or canine pancreas. The production of naturally synthesized peptides is not only time consuming, but also has low yield and is much more cost-intensive. With technical advancements, peptides, such as octreotide, oxytocin, leuprorelin, and vasopressin, can be synthesized using solid-phase synthesis.

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The subdivisions of the catalog peptides market, based on type, are G protein-coupled receptor (GPCR), calcitonin gene-related, anti-microbial, caspase-related, tau, amyloid, amylin, adrenomedullin, and cyclic. Cyclic proteins contributed about 11.3% of the total revenue to the market in 2018. These peptides have diverse biological activities, such as immunosuppressive, antibacterial, and anti-tumor activities, which contributed in their significant market share. Owing to their wide-ranging application, cyclic peptides are predicted to be the leader in revenue generation during the forecast period too.

Asia-Pacific (APAC) can be the most lucrative region for the catalog peptides market to maximize revenue. A 2017 United Nations factsheet mentioned that the population above the age of 60 would double by 2050 across the globe. With the rising prevalence of chronic diseases, the demand for novel therapies is increasing for the proper management of such diseases. As the APAC region accounts for 60.0% of the world’s population, the demand for catalog peptides is expected to be high here. Further, low manufacturing costs and lenient regulations are inviting foreign investments.

Hence, the market for catalog peptides is slated to advance in the forecast period due to the rising chronic disease prevalence, increasing research activities, and technical advancements.

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Government Push for Electric Buses Driving Italian Electric Bus Charging Station Market

In 2018, the Italian electric bus charging station market generated a revenue of $12.3 million and is projected to reach $44.8 million in 2025, registering a 20.3% CAGR during the forecast period (2019–2025). The market is growing due to the rising deployment of electric buses in public fleet and government support for electric buses. Electric bus charging stations are also known as electric vehicle supply equipment, charge points, and electric recharging points and are utilized to charge the batteries of electric buses.

In terms of type, the Italian electric bus charging station market is bifurcated into opportunity charger and overnight charger. The market was dominated by the overnight charger category during the historical period (2017–2018), holding a volume share of more than 65.0% in 2018. This was due to the rising preference of private and public agencies for overnight charging buses, as their operational characteristics are similar to those of diesel buses. This category is further going to account for the major volume share of the market during the forecast period.   

On the basis of power, the electric bus charging station market is divided into <22 kW, 22–50 kW, 51–150 kW, and >150 kW. In 2018, the 22–50 kW division held the largest volume share of the market. This was due to the fact that several electric bus manufacturers are launching DC fast charging buses, which facilitate fast charging in less time and in a cost-efficient manner. The fastest growth is predicted to be witnessed by the 51–150 kW division during the forecast period.

A key driving factor of the Italy electric bus charging station market is the increasing support by the government for the adoption of electric buses. For example, the Italian government has kept aside an amount of $4,371.55 million for the time period of 2019–2033 for shifting to electric and other new-energy-fueled buses in sub-urban and urban areas. Because of such initiatives, the traditional buses in the urban areas are projected to be replaced by electric buses. Major cities such as Milan, Cagliari, and Turin are changing their public transport rapidly.

The introduction of fast-charging stations is creating wide opportunities in the Italian e-bus charging station market. Various regions in the country are focusing on reducing their carbon emissions, due to which cities and municipalities are increasingly becoming inclined toward clean transportation, such as electric buses. This growing interest in electric buses in the country has led the public-owned utilities and private companies to increase their focus on installing fast-charging infrastructure. Attributed to this, battery electric buses will be able to offer uninterrupted service without carrying large batteries.

A key trend in the electric bus charging station market is the increasing preference for opportunity charging buses. The reason for this is the advantages provided by such buses over depot charging system-based buses. Overnight charging is required in depot charging buses, due to which their battery is larger. The large battery increases the weight of the buses and requires significant space in the bus. In addition to this, range of the bus is affected as well. Because of these factors, the preference for opportunity charging system-based buses is on the rise in the country.

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Thus, the market is growing considerably due to the rising support by the country’s government for increasing the adoption of electric buses. 

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