Why Does Nebulizer Market Majorly Cater to Geriatric Population?

Within less than a year of being detected in December 2019, the novel coronavirus (COVID-19) had infected more than 38 million and killed over a million people till mid-October 2020, and both these counts are rising with every passing day. This has crippled the global healthcare sector, with inventories of everything, from testing kits and syringes to beds and ventilators, depleting fast. Thus, governments are making an all-out effort to procure all the necessary stuff to make patients comfortable and treat them.

As per P&S Intelligence, due to the havoc being wreaked by the COVID-19 pandemic, the nebulizer market will witness steady growth, from $765.1 million in 2019 to $1,698.1 million by 2030, at a 7.4% CAGR between 2020 and 2030. Nebulizers are used to aerosolize medication, so that it can be delivered straight into the lungs, via the nose. There are three main types of nebulizers available: mesh, pneumatic, and ultrasonic, among which people are most likely to be treated with a pneumatic variant.

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The major reasons for the increasing incidence of chronic respiratory diseases are smoking, air pollution, and genetic factors. Highlighting the big issue that air pollution has become, the WHO says, “Air pollution kills an estimated seven million people worldwide every year.” With the increasing consumption of fossil fuels at power plants, houses, industries, and automobiles, a rising amount of GHGs is being released into the atmosphere, choking up people’s lungs, taking their lives.

In the years to come, the fastest growth in the nebulizer market is set to be witnessed in the Asia-Pacific (APAC) region. Regional cities are some of the most polluted on earth, with an air quality index (AQI) of more than 200 becoming an almost-everyday occurrence in Delhi. Furthermore, as per the WHO, more than 70% of COPD deaths take place in low- and middle-income countries, a lot of which are in APAC. To make matters worse, India, China, and Japan are home to a large population of smokers, which also increases the prevalence of respiratory diseases.

Therefore, with the increasing cases of COVID-19 and other lung diseases, the demand for nebulizers will pick up.

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Europe Automotive Telematics Market to Register Robust Growth of 6.6% during 2018-2025

The European automotive telematics market attained a value of $7,340.3 million in 2019 and is predicted to advance at a CAGR of 16.1% between 2020 and 2030. Furthermore, according to the forecast of P&S Intelligence, a market research firm based in India, the market would generate a revenue of $37,249.8 million in 2030. The burgeoning requirement for advanced safety features in automobiles and the increasing implementation of supportive government policies are the main factors fueling the expansion of the market.

The rising prevalence of road accidents is the biggest factor responsible for the increasing requirement for enhanced safety features and systems in vehicles. Human error is one of the leading causes of road crashes and casualties in Europe and the rest of the world. According to the Community database on Accidents on the Roads in Europe published in 2018, in the European Union (EU) member countries, 25,600 people lost their lives in road accidents in 2016.

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Based on service, the European automotive telematics market is divided into infotainment and navigation, safety and security, remote diagnostics, insurance telematics, fleet/asset management, and vehicle-to-everything (V2X). Out of these, the safety and security category is predicted to demonstrate the highest growth rate in the market, in terms of value, in the future years. The market recorded the highest growth in Germany in the years gone by and this trend is likely to continue in the upcoming years as well.

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Hence, it can be said with full surety that the market would exhibit substantial growth in the upcoming years, mainly because of the rising requirement for advanced safety features and systems in automobiles and the growing enactment of favorable government policies and regulations regarding the integration of advanced safety features in vehicles in the region. 

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Smart Meters Market to Witness 4.9% CAGR during 2020–2030

 The growing deployment of smart meters for accurate billing is a key driving factor of the smart meters market. The utilization of smart and effective monitoring and control devices is leading to enhanced billing accuracy in the service sector, including in data centers, private offices, and government buildings. For example, the Energy Efficiency Services Limited in India observed that states equipped with smart meters showed an average increase of about 25% in billing. 

The Asia-Pacific (APAC) region has been dominating the smart meters market during the historical period (2014–2019) and is further projected to grow at the fastest CAGR during the forecast period. The major nations in APAC are widely investing in the deployment of smart meters. Within the region, China has been leading the regional domain, owing to the fact that the country is investing heavily in smart meter infrastructure and smart grid projects. The increasing government initiatives are projected to drive the regional market. 

The two-way communication feature of smart meters is also driving the smart meters market. These devices support a bi-directional flow of information. They are deployed at the end of user’s premises for collecting information regarding electricity usage by all appliances and at regular intervals. Smart meters make use of local area network for collecting this data, which is then transmitted to the utility center using wide area network. The utility can also send signals, command, and information to the device at user’s end if needed. 

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In conclusion, the market is growing due to the two-way communication feature of smart meters and rising deployment of these meters for accurate billing. This market research report provides a comprehensive overview of the smart meters market

• Historical and the present size of the smart meters market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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German Automotive Telematics Market to Register Robust Growth of 16.5% during 2020–2030

The German automotive telematics market is predicted to attain a revenue of $7,748.0 million by 2030, increasing from $1.408.2 million in 2019, progressing at a 16.5% CAGR during the forecast period (2020–2030), according to the report by P&S Intelligence. The market is registering growth due to the extensive government support, in terms of regulation and policy formulation, for integrating such systems in automobiles, and rising preference for a safer driving alternative. On the basis of product type, the market is divided into integrated, embedded, and tethered.

Out of all these, the embedded division held the major share of the market in the past, owing to the regulatory policies in the EU that mandating the use of telematics systems. In addition to this, the division is also growing due to the rising demand for cloud-based services and increasing requirement for optimizing cost of service plans. The integrated division is expected to register the highest CAGR during the forecast period.

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When service is taken into consideration, the German automotive telematics market is categorized into vehicle to everything, insurance telematics, safety & security, fleet/asset management, remote diagnostics, and infotainment and navigation. Among these, the safety & security category is predicted to witness the fastest growth during the forecast period. The demand for passenger safety in vehicles has risen, owing to the development of automated driving and intelligent transport systems technology. Moreover, governments have taken initiatives for increasing vehicle safety in a number of countries.

In conclusion, the market is registering growth due to need for safer driving options and increasing adoption of telematics solutions in off-highway vehicles. 

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Market Segmentation by Product Type

• Embedded
• Tethered
• Integrated

Market Segmentation by Service

• Safety and Security
• Infotainment and Navigation
• Remote Diagnostics
• Fleet/Asset Management
• Insurance Telematics
• Vehicle to Everything (V2X)
• Others

Market Segmentation by Channel

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Market Segmentation by Vehicle Type

• Two-Wheeler
• Passenger Car
• Commercial Vehicle
• Construction Machines

Market Segmentation by Verticals

• Transportation and Logistics
• Government and Utilities
• Travel and Tourism
• Construction
• Education
• Healthcare
• Media and Entertainment
• Others

Market Segmentation by Offerings

• Hardware
• Software
• Services

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Growing Commercial Sector To Boost Saudi Arabia HVAC Market

The Saudi Arabian heating, ventilation, and air conditioning (HVAC) market is expected to witness a CAGR of 3.2% during 2020–2030. This implies a growth in size, which stood at $2,709.0 million in 2019, to around $3,197.4 million by 2030. The growing commercial sector, which includes commercial offices, buildings, hotels, and other recreational centers, will be the primary source of the growth.

The Saudi Arabian HVAC market is classified into service and equipment, based on offering. Of the two categories, service is set to be the leading revenue contributor in 2030. This would primarily be due to an increase in the awareness on and a quest for equipment that is efficient. Further, the expansion of the equipment category will boost the service revenue for industry players. The installation and maintenance demand will inevitably grow with the sale of new equipment. 

Saudi Arabia is home to two of the most sacred pilgrimage destinations in the world. To offer world-class facilities to tourists and its people, the kingdom is constructing luxurious hotels and modern townships, especially in Makkah, Madinah, Jeddah, and Tabuk. For instance, the NEOM city in Tabuk is being developed with an investment of around $500 billion. Other developmental endeavors include the Red Sea Project and Jeddah Downtown, which are worth $8.0 billion and $4.8 billion, respectively. The demand for HVAC products and services is surging due to the new and ongoing projects.

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This market research report provides a comprehensive overview of the Saudi Arabian HVAC market

• Historical and the present size of the Saudi Arabian HVAC market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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V2V Communication Market to Register 16.6% CAGR during 2020–2030

The global vehicle-to-vehicle communication market is predicted to reach a value of $77.1 billion in 2030, increasing from $14.5 billion in 2019, progressing at a 16.6% CAGR during the forecast period (2020–2030). The key factors leading to the growth of the market are the increasing demand for enhanced safety features in vehicles, existence of supportive government regulations, and growing adoption of connected vehicles. When vehicle type is taken into consideration, the market is divided into commercial vehicle and passenger car.

On the basis of deployment, the V2V communication market is categorized into aftermarket devices and original equipment manufacturer (OEM) devices. Between these two, the OEM devices category accounted for the larger share of the market during the historical period (2015–2019), owing to the fact that most of the vehicle manufacturers offer in-built systems in their vehicles. In addition to this, these devices also provide highly precise information and continuous network connectivity by using in-vehicle infotainment and other systems.

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North America held the major share of the V2V communication market during the historical period, with the U.S. leading the regional market. The increasing penetration of innovative technologies, including ADAS and telematics and rising number of government regulations are driving the growth of the regional market. The Asia-Pacific region is projected to witness the highest CAGR during the forecast period, owing to the increasing demand for passenger vehicles and growing focus on vehicle safety in the region.

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Hence, the vehicle-to-vehicle communication market is being driven by the growing concerns regarding safety and security across the globe and introduction of autonomous vehicles in the market.

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Second-Life Automotive Lithium-Ion Battery Market Assessment Covering Growth Factors and Upcoming Trends

The global second-life automotive lithium-ion battery market attained a valuation of $430.0 million in 2019 and is predicted to exhibit a CAGR of 23.1% between 2020 and 2030. As per the forecast of P&S Intelligence, a market research company based in India, the market would generate a revenue of $7,392.0 million by 2030. The rising usage of electric vehicles (EVs) around the world and the highly costly battery recycling process are the main factors driving the advancement of the market.

Lithium-ion batteries consist of only 2–7% of lithium and obtaining the material via recycling is five times costlier than obtaining it directly from various natural sources. The only substance worth recycling in these batteries is cobalt. However, the companies manufacturing these batteries are increasingly focusing on eliminating the composition of this material and replacing it with a cheaper and more stable material. This is massively reducing the requirement for battery recycling across the world. 

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Apart from the aforementioned factor, the rising deployment of EVs is also fueling the demand for electric vehicle batteries. This is, in turn, causing the expansion of the second-life automotive lithium-ion battery market. The soaring concerns being raised in several countries over environmental degradation, on account of the rapid depletion of the ozone layer, are propelling the demand for electric vehicles. According to many reports, the automotive sector emits nearly 43% of the total greenhouse gases across the world. 

Hence, it can be safely said that the market would exhibit substantial growth all over the world in the forthcoming years, mainly because of the rising usage of electric vehicles and the highly expensive procedures associated with lithium-ion battery recycling.

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Market Segmentation by Type

·         Lithium–Iron Phosphate (LFP)

·         Lithium–Manganese Oxide (LMO) 

·         Lithium–Nickel–Manganese–Cobalt Oxide (NMC)

·         Lithium–Titanate Oxide (LTO)

·         Lithium–Nickel–Cobalt–Aluminum Oxide (NCA)

Market Segmentation by Vehicle Type

·         Two-Wheeler

·         Passenger Car

·         Commercial Vehicle

Market Segmentation by Application

·         Energy Storage

·         Electric Vehicle (EV) Charging

·         Base Station

·         Low-Speed EV

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