Commercial Refrigeration Equipment Market Boom a Result of Economic Prosperity

In 15 years between 2002 and 2017, the average national per capita income around the world grew from $4,600 to $8,800, the World Bank reports. This has led to a significant increase in the spending power of people, which is helping them buy slightly costlier stuff, such as packed and ready-to-eat food products and beverages.

Hence, with the rising demand for ready-to-eat and packaged foods and beverages, the growth of commercial refrigeration equipment market is predicted to reach $59.0 billion by 2023, at a 6.2% CAGR during the forecast period (2018–2023). Such equipment is available as walk-in coolers, transportation refrigeration systems, display cases, beverage refrigeration equipment, ice making machinery, and parts.

Among these, the highest demand during 2013–2017 was for beverage refrigeration equipment, due to the technological advancements in such systems and changing consumer preference regarding hospitality. Food service, food and beverage retail, and food and beverage distribution are the major purposes for which such equipment is used. Historically, firms dealing in food service accounted for the highest adoption of such devices, due to the importance of instant food availability at hotels and restaurants.

With the increase in the number of such establishments, the demand for commercial refrigeration equipment for food service continues to boom. During the forecast period, the fastest growth in the usage of these systems would be for food and beverage retail.

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In fact, the growth of the organized retail sector is one of the primary reasons behind the increasing sale of equipment for commercial-scale refrigeration. In most nations, people in cities enjoy a higher purchasing power than those in rural areas. With the rapid urbanization, particularly in emerging economies, such as Brazil, India, and China, the demand for frozen and ready-to-eat stuff is rising.

Hence, as people’s demand for packaged, frozen, and ready-to-consume food products rises, so would the installation of refrigeration equipment at hypermarkets, supermarkets, and retail stores that offer such stuff.

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Insulation Market to Witness 8.6% CAGR during 2018–2025

The global air conditioner and refrigerator markets are witnessing significant growth, majorly because of the increasing demand for these systems from countries such as China and India. Moreover, due to global warming, the need for energy efficient heating, ventilation, and conditioning (HVAC) equipment is also surging. The energy efficiency of HVAC systems is determined by the amount of energy that is being consumed for the desired level of heating or cooling; hence the lesser the energy consumed, the higher the efficiency of the appliance. 

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In order to reduce the consumption of energy by enhancing the efficiency of insulation materials utilized in heating and cooling systems, various technological advancements are being undertaken. The process of insulation refers to the prevention of flow of sound, heat, or electricity, either from or into a building, by making use of non-conducting material. Among all the insulation products, the largest demand was created for glass wool during 2014–2017. 

 As per a study conducted by P&S Intelligence, in 2017, the global insulation market reached a value of $52,296.0 million and is predicted to grow at an 8.6% CAGR during the forecast period (2018–2025). The primary products utilized for providing insulation are mineral wool, expanded polystyrene (EPS), glass wool, and extruded polystyrene (XPS). Some other insulating products include calcium silicate, cellular glass, melamine foam, polyethylene, aerogel, calcium-magnesium-silicate fibers, perlite, expanded rubber, and spray foam. 

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Glass wool is a thermal insulator comprising knotted and flexible glass fibers that traps the air inside, resulting in low density. The insulator is made up of sand and has acoustic and thermal insulation properties, in addition to low weight and high tensile strength. During the forecast period, however, the largest demand is projected to be created for EPS. This is ascribed to its extensive usage in several thermal and acoustic applications due to its various properties including fire resistance, durability, light weight, and ease of recycling.

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How Technological Advancements Have Led to Flourishing Mobile Virtual Network Operators (MVNO) Market

Among the main reasons smart technology has become an indispensable part of our lives is the invention of compact and easily accessible devices, such as smart phones and computers, which utilize internet and mobile services to operate. The growing demand for cellular and broadband connectivity, in recent years, has been met by mobile virtual network operators (MVNOs) as they focus on innovative distribution and segment-based pricing strategies. They are able to provide cost-efficient mobile services to people as they utilize the existing telecom infrastructure of bigger mobile network operators (MNO). 

A P&S Intelligence study claimed that the MVNO market would grow to $98.0 billion in the near future from $55.1 billion in 2017 at a 9.7% CAGR. MVNOs are service providers who do not own cellular network infrastructure and licensed spectrum but purchase network services at wholesale prices from bigger MNOs and provide customers with services under their own brand name and retail prices. Media/entertainment, discount, business, telecom, migrant, retail, cellular M2M, and roaming are different types of MVNOs. In 2017, discount MVNOs remained the most profitable and will continue making the most of these services in the coming years. 

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Advancements in technology and the increasing spending power of consumers have resulted in the rising popularity of mobile phones and other such devices. Technical advancements have contributed immensely in bringing down the manufacturing and purchase cost of such devices, thereby leading to their increasing penetration and demand in society. This, in turn, has upped the demand for mobile data and other services. Other than basic calling and internet services, the demand for value-added services, such as enhanced video, voice, mobile TV, and mobile payment, is also witnessing a rise. MVNOs work by targeting a niche segment of customers by offering low-cost value-added and bundled service packages. As MVNOs function on MNOs’ network, MNOs also benefit from the increasing MVNO subscriber base and revenue generation.

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Europe has been the most productive region for MVNOs, as in a major part of Western Europe, MVNOs are greatly supported by telecom regulatory bodies, which is why the region will keep accounting for the largest presence of MVNOs in the coming years. This deep penetration of MVNOs in the region has resulted in an increase in the competition among them, thereby resulting in better provision of telecom services to customers and that too at fairly reasonable costs. However, in less than a decade, the MVNO market is expected to grow rapidly in Asia-Pacific, which will outpace Europe to become the most productive for such telecommunication firms.

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Polymyalgia Rheumatica Therapeutics - Pipeline Analysis, Clinical Trials & Results

Polymyalgia rheumatica is an inflammatory disorder which causes stiffness and aching, and usually affects adults over the age of 50 years. This disease affects women somewhat more than men. The cause of polymyalgia rheumatica is unknown.

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Polymyalgia rheumatica is related to another inflammatory disorder, giant cell arteritis, which can cause vision difficulties, scalp tenderness, jaw pain, and headaches. Pain in shoulders, neck, upper arms, buttocks, hips and thighs; stiffness in the affected areas; limited range of motion in affected areas; and stiffness in wrists, elbows and knees are some of the common symptoms of polymyalgia rheumatica.

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Involvement of the upper arms, with trouble raising them above the shoulders is common in the patients with this disease. Corticosteroids and nonsteroidal anti-inflammatory drugs (NSAIDs) are common medications for the treatment of polymyalgia rheumatica. GlaxoSmithKline plc is in the process of developing sirukumab as an interleukin 6 (IL6) human monoclonal antibody for the treatment of polymyalgia rheumatica. Other than this Chugai Pharmaceutical Co. Ltd., and Eli Lilly and Company are also involved in polymyalgia rheumatica pipeline.

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The report provides a comprehensive understanding of the pipeline activities covering all drug candidates under various stages of development, with the detailed analysis of pipeline and clinical trials.

Pipeline analysis of drugs by phases includes product description and development activities including information about clinical results, designations, collaborations, licensing, grants, technology, and others.

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Need for Efficiive Disaster Management Helping the Commercial Satellite Imaging Market Grow

The progress of the commercial satellite imaging market is being driven by the increasing demand for location-based services (LSB), use of satellite images by various sectors, and advancements in satellite imaging technology. As per P&S Intelligence, the domain generated a revenue of $2,411.8 million in 2017, and it is expected to advance during the forecast period 2018–2023 at a CAGR of 14.2%. It is also being predicted that by 2023, the market value would grow to $5,266.5 million. 

Satellite imaging simply refers to the scanning or photographing of the earth from satellites or aircraft at extremely high altitudes. The images, stored and shared digitally, are used for environmental monitoring, earth mapping, archeological surveys, and weather prediction. Natural resources, defense, infrastructure, energy, maritime, disaster management, location-based services (LBS), and others are the various application areas of satellite imaging. Among these, the defense sector contributed nearly 49.0% revenue to the commercial satellite imaging market in 2017, due to increasing terrorist activities and growing demand for efficient homeland security and crime mapping.

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While the defense sector will still generate the highest market revenue during the forecast period, the fastest growth will be witnessed in the disaster management niche, at around 17.0% CAGR. Over the years, the use of satellite imaging for predicting and assessing the damage caused by natural and man-made disasters has increased, especially in Europe and Asia. For instance, the recent floods in France were covered by satellite-image aided mapping, which helped in the timely sharing of assessment data with the authorities.

Now, on the basis of technology, the commercial satellite imaging market can be categorized as radar and optical. In 2017, images taken via optical technology held the larger revenue share, as the technology is cost-effective and the images produced are similar to how people see the world with their eyes. During the forecast period, this category is expected to hold on to its market dominance, but the radar technology category is predicted to grow faster. Radar technology creates high bandwidth signals that penetrate even smoke and clouds to generate clearer images of the earth. 

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Globally, North America generated the highest commercial satellite imaging market revenue in 2017 on account of the increasing use of the technology for tracking terrorist activities by the U.S. Department of Defense. Further, the rising number of natural disasters, specifically hurricanes, tornados, and floods, is impelling the government to use systems for monitoring these and as well as managing the damage these cause. This is why the region is expected to be the largest revenue contributor (more than 30.0%) to the domain in the future as well.

Therefore, we see that the growing terrorist and natural disaster threat will keep aiding the market progress during the forecast period.

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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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