What are the evolving opportunities for the players in theNet Zero Energy Buildings (NZEBs) Market ?

from $896.6 million in 2018, the NZEB market is projected to grow to $2,106.6 million by 2024, at a 15.6% CAGR during 2019–2024 (forecast period). Such buildings only use the electricity they generate on site, primarily from renewable sources, such as wind and the sun. Zero net energy (ZNE) buildings are either certified as ZNE-verified or ZNE-emerging. Both these types of infrastructure are constructed for residential as well as commercial purposes. Of these, more such buildings were built for commercial purposes during 2014–2018, as these boast a larger floor space, which raises their value.

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An NZEB uses solar photovoltaic (PV) Panels, insulation panels, and efficient lighting and heating, cooling, and air conditioning (HVAC) Systems to be energy-efficient. Historically, the largest demand was generated for solar PV panels, as most such buildings use the sun to create electricity, which is consumed in high amounts every day. During the forecast period, the usage of all components, including solar PV panels, will continue increasing, due to the rise in the construction of such infrastructure.

Across the world, North America is currently the largest market for NZEBs, on account of the stiff target in the region to reduce non-renewable energy usage as well as the associated GHG emissions. Even during the forecast period, the continent would account for the highest number of such projects and sale of the required components. Within the region, the net zero energy buildings market in the U.S. is larger, since such infrastructure is being rapidly built in its south-western and north-eastern regions. The NBI says that in the country, 482 buildings were certified ZNE-verified or ZNE-emerging, in 2018.

Across the world, governments are under pressure to control global warming. The Intergovernmental Panel on Climate Change has claimed that in order to reduce the average worldwide temperature increase by 1.5 °C, countries must achieve net-zero GHG emissions by 2050. Similarly, in 2019, the government of Vancouver, Canada, mandated a 40% reduction in the embodied carbon in new buildings, by 2030. Considering that electricity generation accounts for a large portion of these emissions, governments are actively working to reduce the wastage of energy as well as create it from renewable sources.

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For instance, the California Long-Term Energy Efficiency Strategy Plan has been initiated by the public utilities body of the state, to ensure that all residential buildings being constructed by 2020 and all commercial ones by 2030 are NZEBs. Additionally, as per the New Buildings Institute (NBI), California had 214 zero-energy projects in 2018, which increased by 131% from 2014. Further, the state will also retrofit existing commercial and state buildings, to achieve 100% net-zero energy consumption by 2050.

Hence, as the focus on reducing the electricity usage and harmful emissions increases, so would the construction of NZEBs.

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Polymer Concrete Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2023

In 2017, the global polymer concrete market generated $1,975.8 million and is expected to attain $2,964.0 million in 2023, registering a 7.1% CAGR during the forecast period (2018–2023). The market is witnessing growth due to the rise in repair and maintenance activities and increasing civil construction projects. An aggregate mixture which makes use of epoxy binder to harden into place is referred to as polymer concrete. It can be made with various kinds of polymer resins, such as polyester, vinyl-ester, epoxy, and others, which allow concrete to be poured and then harden.

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In terms of application, the polymer concrete market is categorized into pump bases, trench drain, containments & waste containers, flooring blocks, and others (which include outdoor furniture, overlays, solid surface counter, and park benches). Among these, the trench drain category dominated the market during the historical period (2013–2017), holding a share of more than 26.0% in 2017, in terms of value. The reason for this is the growing construction of efficient drainage systems for catering to the needs of the surging population around the world.

When end user is taken into consideration, the polymer concrete market is divided into residential structure, civil infrastructure, and non-residential structure. Out of these, the civil infrastructure division dominated the market during the historical period, accounting for a revenue share of more than 55.0% in 2017, and is projected to retain its position during the forecast period. The reason for this is the growing construction of civic infrastructural facilities, such as drainage systems and roads, around the world. The fastest growth is predicted to be witnessed by the non-residential structures during the forecast period.

The increasing number of civil construction projects is a major driving factor of the polymer concrete market. The construction industry creates jobs and channelizes investments and thus plays a significant role in the economic development of a country. Therefore, the governments around the world are increasing their investments in civil construction projects, such as roads, buildings, airports, sewer systems, railways, water reservoirs, bridges, tunnels, and others. For example, in Germany, 189 strategic infrastructure projects were in the developmental phase as of 2017, with a total investment of $129.6 billion.

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Another factor driving the growth of the polymer concrete market is the rising number of repair and maintenance activities. For example, emergency repair of airport runways is quite disruptive for airport operations; however, a rapid patch polymer concrete makes sure that the repair is done in a very short time. Moreover, polymer concrete is utilized in a variety of applications, including marine works, nuclear power plants, roads, and waterproofing of buildings. Furthermore, advantages including high resistance to chemical attack and abrasion, high impact resistance, and low permeability are resulting in rising adoption of polymer concrete.   

The rising awareness regarding the high performance of polymer is a key trend being observed in the polymer concrete market. The conventional and existing forms of concrete have several drawbacks, such as high overall mass, high installation time, poor insulating properties, and others, which is creating the need for high performance concrete. Since, polymer concrete exhibits high-performance properties including high tensile strength, high impact resistance, and others, its demand is projected to grow in the coming years.

Hence, the market is growing due to the increasing number of repair and maintenance activities and rising civil construction projects.

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Global Research Report on Printed Electronics Market Growing at a CAGR of +22.4%% During Forecast Period (2020–2030)

Valued at $35.7 billion in 2019, the global printed electronics market is predicted to generate a revenue of $363.1 billion in 2030, advancing at a 22.4% CAGR during the forecast period (2020–2030).

In terms of component, the printer category accounted for the larger share of the market in 2019. This is due to the increasing requirement for inkjet and screen printers for photovoltaic (PV) and display in different countries, in different countries, such as Brazil, the U.S., China, the U.A.E., and Germany.

The faster growth is expected to be witnessed by the material category during the forecast period in the printed electronics market. This is ascribed to the increasing usage of inks and substrates for the fabrication of printed electronic circuits, which are further utilized in various applications, such as PVs and displays.

For example, in 2019, researchers working in the chemical-biological centers at the U.S. Army Combat Capabilities Development Command successfully tested a light-emitting diode light on clothing.

When end user is taken into consideration, the highest revenue in 2019 was contributed to the printed electronics market by the automotive & transportation category, owing to the rising usage of the internet of things (IoT) technology in the sector.

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High bandwidth for supporting multiple connections, extensive data processing capabilities, and remote sensing technology are needed for the deployment of IoT for collecting data from connected devices. The smart car technology in the automotive sector is gaining traction, which makes use of printed electronics-based vehicle sensors and transceivers for connecting cars with smartphones.     

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Global Agricultural Drones Market Research Report Shows Historical Development (2014-2018) and Estimated Forecast (2019-2024)

The agricultural drones market is projected to grow from $1.5 billion in 2018 to $6.2 billion in 2024, experiencing a 25.0% CAGR during 2019–2024 (forecast period).

Crop spraying was the largest category in 2018, based on application, owing to the rising prevalence of fungal plant diseases caused by the Verticillium and Rhizoctonia fungi, which are spread by bollworm and flat armyworm. As these diseases destroy the yield, the agrarian community is deploying drones, also called unmanned aerial vehicles (UAV), to kill the pathogen.

The rising adoption of such platforms for crop spraying is one of the key agricultural drones market trends. With UAVs, farmers can track their crops in distant locations in real time. Further, such vehicles ensure efficiency, by spraying only the required amount of liquid, which also checks wastage.

For the purpose, multi-rotor UAVs are the most preferred choice, as they can hover over the spray zone. Currently, North America witnesses the heaviest utilization of drones for spraying insecticides and pesticides.

The major driver for the agricultural drones market is the focus of farmers on enhancing the yield. Images to asses soil and field quality, crop growth and health, and hydric-stress areas are provided on a real-time basis by UAVs. They also help the agrarian community in determining which field areas are less productive.

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Further, the areas of farms affected by botanical diseases can also be located from such platforms, thereby helping farmers in better and quicker management of their crop.

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Autonomous Car Still has a Dominant Position in the North American Market, Says Report

The North American autonomous car market is predicted to generate a revenue of $52.3 billion in 2030, witnessing a 17.1% CAGR during 2023–2030. The market is growing due to the increasing research & development activities for the development of autonomous cars, federal and state-level support ensuring growth of autonomous cars, requirement for a safe and efficient driving option, and evolution in connected and electric car technologies. Autonomous cars have different automation capabilities according to their levels, which range from 1–5.

In terms of vehicle autonomy, the North American autonomous car market is bifurcated into semi-autonomous and fully autonomous cars. Between these, the semi-autonomous cars are predicted to account for the major value share of the market during the forecast period (2019–2030). These cars are further categorized into three levels, namely level 1, level 2, and level 3, based on their automation capabilities. Among these, the level 1 semi-autonomous cars are expected to hold the largest value share of the market during the forecast period.

Autonomous Car Business in North America

When vehicle type is taken into consideration, the North American autonomous car market is divided into internal combustion engine (ICE), battery electric vehicle (BEV), hybrid electric vehicle (HEV). Among these, the market was dominated by the ICE division during the historical period, with a share of more than 85.0% in 2018, in terms of volume. The BEV division is predicted to witness the fastest growth during the forecast period because of the increasing support from governments in the form of grants and incentives and strict emission regulations.

A key driving factor of the North American autonomous car market is the evolution of electric and connected car technologies. Connected cars are integrated with different features, which are not available in traditional passenger cars, such as road side assistance, real-time traffic monitoring, smartphone connectivity with the vehicle, and traffic and collision warnings. In addition to this, connected cars offer vehicle-to-infrastructure and vehicle-to-vehicle interfaces and sensor applications. The digitization in connected cars is thus driving the growth of the market. Furthermore, it is comparatively easier to integrate autonomous technology in connected cars than traditional cars.
Another factor resulting in the growth of the North American autonomous car market is the need for a safe and efficient driving option. Various factors, including inappropriate speed, failure to pay attention, and keeping an unsafe distance from the vehicle in front, are responsible for the surging number of road crashes, which is why the demand for safer driving technology is increasing.

Autonomous and semi-autonomous cars are integrated with different features that assist the driver, thereby making it safer for the passengers, due to which the adoption of these cars is increasing.
A major trend being observed in the North American Autonomous car market is the integration of artificial intelligence (AI) in autonomous cars, especially level 4 and 5. Due to the integration of this technology, the development of driver monitoring, speech recognition, gesture recognition, eye tracking, virtual assistance, and natural language interfaces ahs been enabled. In addition to this, AI has helped in the development of the advanced driver assistance system (ADAS) that includes driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units.

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Hence, the market is growing due to the evolution of connected and electric car technologies and need for an efficient and safe driving option.

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How is Rising Chronic Disease Prevalence Contributing in Wound Dressing Market Growth?

With the changing environment and lifestyle, the prevalence of various life-threatening diseases is increasing, thereby driving the volume of surgeries for improving the quality of life. Further, the growing geriatric population is another major factor that results in the high number of surgeries and occurrence of various ailments, as the aged are susceptible to many diseases due to their weakened immune system. The United Nations Department of Economic and Social Affairs presented a report on World Population Aging that stated that the population aged 60 years and above would reach 2.1 billion by 2050 from 962 million in 2017. The elderly require surgeries for various conditions, such as neurological disorders, cancer, and cardiovascular diseases, which puts them at risk of developing various infections, as wound healing is slowed down in them due to impaired blood circulation and reduced collagen deposition.

A study published by P&S Intelligence reported that the wound dressing market would grow at a 7.2% CAGR in the coming years, generating a revenue of $17.3 billion, compared to $11.4 billion in 2017. Wound dressings are means of enhancing the wound healing process by absorbing the exudates, allowing gaseous exchange, providing thermal insulation, and preventing the spread of infections. Wound dressings are used for treating chronic wounds, surgical wounds, and ulcers. Wound dressings are primarily of two types — traditional and advanced. Advanced wound dressings were used more than the traditional ones due to the rising popularity of many enhanced products, such as hydrocolloids, foams, alginates, films, hydrofiber, collagen, wound contact layers, hydrogels, and superabsorbent wound dressings.

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Approximately 117 million people in the U.S. suffered from one or more chronic health conditions in 2012, reported the Centers for Disease Control and Prevention. This increase was primarily seen in the prevalence of lifestyle diseases, such as stroke, cancer, respiratory diseases, heart diseases, and even diabetes. These conditions, as they worsen over time, lead to severe complications, with surgeries being the only plausible treatment option. Diabetes leads to the occurrence of many health issues, such as diabetic foot ulcers. These ulcers, if not managed timely, may even lead to amputations and may require management by surgeries to prevent the maceration of the surrounding tissue by using appropriate products, including foams, hydrocolloids, and alginates. Postoperative care comprises wound dressing as an essential component; therefore, the growing prevalence of such diseases and volume of surgeries to treat them would aid in the advance of the wound dressing market.

Though the demand for wound dressing is expected to witness a massive across the world, the most rapid surge would be seen in Asia-Pacific (APAC). The International Diabetes Federation (IDF) estimated that about 142.7 million cases of diabetes would be reported in China by 2035. Additionally, a  Global Status Report on Road Safety mentioned that 207,551 and 261,367 fatalities were reported in India and China, respectively in 2015. In the light of these numbers, it is easy to infer why the demand for wound dressing products is expected to be the highest in the Asia-Pacific region. Other than the factors listed above, this high demand can also be attributed to the rising geriatric population, incidents of burn cases, and number of accidents in the region.

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Connected Car Technology is Changing the Auto Sector Globally

The automotive industry has been able to make new breakthroughs due to the penetration of internet of things (IoT)-based technologies. One of the major developments that have taken place because of the utilization of IoT is the emergence of innovative connectivity solutions that are used in connected cars. A connected car is equipped with internet access and possesses the ability to optimize its own operations on fixed intervals. Because of network connectivity, the car is able to share content with various devices which are lying within and outside the vehicle’s environment. IoT services have become a significant part of the connected car industry due to its swift incorporation and commercialization. The technology covers a wide range of infotainment services and advanced connected solutions for drivers. Furthermore, research and development activities, along with the design and manufacturing of connected and smart automotive hardware, are predicted to enhance the connected car technology.

As per a study conducted by P&S Intelligence, in 2017, the connected car market generated a revenue of $51,910.9 million and is expected to attain $156,145.9 million, registering a 20.7% CAGR, in the coming years. Various products & services provided by connected cars are sensors, processors, wireless & cellular modules, original equipment manufacturer (OEM) services, fleet manager, and aftermarket services. Out of these, the largest growth in demand in the near future is expected to be witnessed by the wireless & cellular modules category. This is because of the rising requirement for improved vehicle tracking and road safety, growing government regulations for improving overall vehicle efficiency, better operational efficiency in vehicles, increasing usage of IoT-based services in the vehicles, and enhanced vehicle management. 

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Urbanization has led to the increased use of personal and commercial vehicles, which, in turn, has led to the rise in number of vehicles on the roads, especially in the emerging economies, such as Indonesia, China, and India. While it has become incredibly easy to own a car at the present time, several problems such as road blocks, scarcity of parking space, and traffic jams have also risen. Due to this, consumers are now looking for enhanced driving experience, which can be provided with advanced connected solutions, such as vehicle-to-infrastructure and vehicle-to-vehicle. Apart from this, the concern regarding safety and security is growing among the OEMs, consumers, and governments. This is further driving the demand for connected cars as they are enabled with technologies such as automatic braking, lane assist, and advanced driver-assistance system. These technologies can be of great help when it comes to decreasing traffic rule violation and reducing the prevalence of road accidents.

The applications of a connected car are telematics, navigation, and infotainment. Telematics is a device that combines informatics and telecommunication, which provides the driver with benefits such as roadside assistance and remote unlocking and locking of vehicle. A navigation system is capable of relaying directions to any desired location. Infotainment is a system which delivers entertainment and information contents.

The system comprises software and hardware products that are installed into the automobile later for improving the experience of the passenger or the driver. Among these, the largest demand during the time period 2013–2017 was created for the application of navigation.

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Connected car market competitive landscape

Some of the major players operating in the global connected car market are Continental AG, Delphi Technologies PLC, DENSO Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Harman International Industries Inc., Valeo SA, and Autoliv Inc.

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