Why Is Government Support Necessary for Deployment of Smart Solar Solutions?

The focus on renewable energy resources has risen considerably over the years. With the condition of the environment worsening day by day due to the excessive utilization of fossil fuels for energy generation, governments of different countries are now paying attention to renewable energy resources.

Moreover, the population across the globe has been increasing at a rapid pace, and the declining rate of fossil fuels has made them insufficient to cater to the energy needs of people after a few years. Ascribed to these factors, governments, as well as the general public, are trying to increase the share of energy generated through eco-friendly sources.

The solar energy domain is also continuously witnessing technological advancements, which are making the solutions more viable for people. Smart solar solutions are a key technological advancement the rapid adoption of which is expected to increase swiftly, thus driving the global smart solar market in the coming years.

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Smart Solar Products

Generators, inverters, and PV cells are the major products via which smart solar solutions are deployed. Out of these, the demand for PV cells is predicted to be significantly high in the years to come, which can primarily be ascribed to technological advancements. Innovations in the PV cell technology have enabled manufacturers to decrease the cost of these products, thereby facilitating their increasing adoption. In addition to this, companies in the industry are making use of the triboelectric effect for the development of hybrid PV cells, which can generate electricity during rainy weather as well.

Smart Solar Solutions

The major smart solar solutions are:

·         Asset management

·         Remote metering

·         Supervisory control and data acquisition

·         Analytics

·         Meter data management

·         Network monitoring

Owing to the strict regulations and technological advancements in North America and Europe, the demand for asset management solutions is expected to be high in the coming years.

Conclusion

The rising focus on renewable energy sources and increasing investments by governments are leading to the high adoption of smart solar solutions all across the globe.

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Microfiltration Membrane Market in Asia-Pacific Expected to be Prosperous in Coming Years

The global microfiltration membrane market size reached a value of $2,885.57 million in 2019 and is predicted to generate a revenue of $7,517.38 million by 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market would demonstrate a CAGR of 9.0% between 2020 and 2030. The rising adoption of microfiltration technologies for industrial wastewater treatment, rapidly expanding pharmaceutical industry, and growing technology integration in the food & beverage industry. 

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Sand filtration, dissolved air floatation, and sedimentation and coagulation were some of the most widely used traditional separation technologies in various filtration applications such as those involving food and beverages, pharmaceuticals, and industrial wastewater treatment. However, these methods were found to be inefficient in treating solutions having excessive dissolved organic compounds. As a result, advanced filtration techniques are rapidly gaining traction around the world. Microfiltration is one such advanced filtration method that is increasingly being used for treating contaminated liquids. 

Across the globe, the microfiltration membrane market is predicted to exhibit the fastest growth in Asia-Pacific (APAC) in the upcoming years. This would be a result of the rapid rise in the requirement for fresh water in various developing nations such as India, China, Vietnam, and Thailand. In addition to this, the support of the governments of the regional countries regarding the treatment of industrial wastewater is predicted to boost the market growth in the region in the forthcoming years. 

Hence, it can be said with certainty that the market will exhibit huge expansion all over the world in the upcoming years, primarily because of the mushrooming demand for wastewater treatment and the rising popularity of microfiltration technologies in various countries around the world. 

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Why will Antimicrobial Additives Market Exhibit Lucrative Growth in Asia-Pacific in Future?

In 2019, the global antimicrobial additives market attained a valuation of $2,010.2 million. According to the forecast of the market research company, P&S Intelligence, the market would exhibit a CAGR of 7.5% between 2020 and 2030 and reach a value of $3,786.8 million by 2030. Several technological and economic factors such as the boom of the healthcare industry and the incorporation of advanced technologies in healthcare product manufacturing are fueling the growth of the market.

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Besides the aforementioned factors, the rising bio-resistance in patients, because of the excessive usage of antibiotic medicines, is also propelling the expansion of the antimicrobial additives market. The extensive administration of antibiotics in people for treating and reducing the risk of bacterial and fungal infections has massively contributed to the emergence of highly-resistant and stronger pathogens. Furthermore, the usage of disinfection chemicals augments the problem as these chemicals do not provide long-lasting protection and cause irregular activity.

Furthermore, the growing popularity of novel drugs in various medical treatment procedures is driving the global sales of antimicrobial additives. Depending on type, the antimicrobial additives market is bifurcated into organic and inorganic. Between the two, the inorganic bifurcation registered higher growth in the market in the years gone by. This was because of the greater non-toxic and other favorable chemical characteristics of copper-, silver-, and zinc-based antimicrobial formulations in comparison to their organic counterparts.

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Thus, it is clear that due to the rising incidence of chronic diseases, the increasing resistance of pathogens to conventionally used drugs, and the rapid technological advancements in the pharmaceuticals industry, the market would grow explosively all over the world in the coming years.

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Why Is Geothermal Energy Being Preferred To Produce Electricity?

To harness the potential of geothermal energy for generating electricity, the International Renewable Energy Agency (IRENA) is working in coordination with the Global Geothermal Alliance (GGA). GGA is a global platform that was created at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2015. GGA aspires to increase the installed capacity of geothermal power generation by five times and double the geothermal heating capacity by 2030. It also serves as a platform for co-operation, dialogue, and coordinated action between policymakers and geothermal industry stakeholders globally.

Due to this strong support from international organizations and increasing focus of governments on energy security and energy independence, the installed capacity of geothermal plants has increased globally, from 9,9992 Megawatts (MW) in 2010 to 13,909 MW in 2019, as per IRENA. Because of this growth, the geothermal power market will advance at a CAGR of 11.6% during 2016–2022, which will take the market revenue from $3,233.5 million in 2015 to $6,518.9 million by 2022.

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Globally, the Asia-Pacific (APAC) geothermal power market installed the largest capacity of geothermal power plants in 2015 to meet the growing demand for energy in the region. Three of the world’s largest geothermal power producers — the Philippines, Indonesia, and New Zealand — are in APAC. Additionally, P&S Intelligence projects that the region will lead the industry in the foreseeable future due to the increasing focus of the government on exploring the potential of geothermal energy, reducing the dependence on fossil fuels, and meeting the increasing demand for energy, by optimizing non-conventional sources.

Thus, the growing focus on renewable sources of energy and increasing support from governments and international organizations will lead to the widespread adoption of geothermal energy worldwide.

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Rising Incidence of Piracy Fueling Expansion of Global Coding and Marking Systems Market

The global coding and marking systems market generated a revenue of $3,832.4 million in 2019 and is predicted to attain a valuation of $7,469.6 million by 2030. Furthermore, the market would advance at a CAGR of 6.4% between 2020 and 2030. The surging requirement for coding and marking systems in the automotive industry and the soaring applications of these systems in the food & beverage industry are the main growth drivers of the market.

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The mushrooming requirement for coding and marking systems in the pharmaceutical, cosmetic, and food & beverage industries is one of the major factors fueling the expansion of the coding and marking systems market across the world. The growing sales of bottled water, packaged food items, dairy products, and fruit juices are propelling the advancement of the packaged food & beverage industry. Similarly, the rising popularity of pharmaceutical packaging is also driving the demand for coding and marking systems.

Globally, the coding and marking systems market would exhibit the highest CAGR in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This would be a result of the implementation of stringent government regulations and policies, the soaring export of various packaged food products, and the growing incidence of piracy and counterfeiting in several industries in the regional countries.

Hence, it can be safely concluded that the market will record substantial growth all over the world in the upcoming years, mainly because of the rising requirement for marking and coding systems in the packaging, pharmaceutical, and automotive industries and the growing incidence of counterfeiting around the world.

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What Will Drive Qatar Facility Management Market Growth in Future?

The Qatar National Vision 2030 and the upcoming FIFA World Cup 2022 in the country are the key factors predicted to increase the revenue of the Qatar facility management market from $4,613.0 million in 2019 to $21,975.1 million by 2030, at a CAGR of 16.4% during the forecast period (2020–2030). Moreover, this growing market is currently witnessing the rising awareness regarding the protection of assets and increasing infrastructural development in the country.

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One of the prime factors behind the growth of the market is the upcoming FIFA World Cup 2022, which is to be held in the country. The overall expenditure on infrastructure projects to host the World Cup is estimated at around $220 billion. For instance, the country has planned to build a 40,000-seat modular arena having concession stands, comfortable seats, shops, bathrooms, and other necessary facilities. Many such developments are expected to take place in the coming years; thus, the upcoming event will drive the need for facility management services.

Players operating in the Qatar facility management market include AKTOR Qatar W.L.L., COMO Facilities Management Services, Darwish Interserve Facilities Management W.L.L., Cayan Facility Management, OCS Qatar L.L.C., Confident Enterprises W.L.L., Al Tamyoz Business Group, and CBM Qatar L.L.C. To edge out the competition, these companies are focusing strongly on winning contracts. For instance, AKTOR Qatar W.L.L. and COMO Facility Management Services secured a 20-year facility service contract from Doha Metro in November 2019. They would offer maintenance services at the 100-km Doha Metro network, which includes a tram network, three depots, and 37 underground stations.

Thus, the upcoming FIFA World Cup 2022 in Qatar and the Qatar National Vision 2030 will propel the market growth during the forecast period.

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Why Is Charcoal More Popular than Other Fuels in Philippines?

Being a developing country, the Philippines relies on easily available products for everyday use. One of the most essential products that have been deeply integrated into the country’s life and culture is charcoal. People in the country find it cost-effect to procure charcoal over other energy resources, such as oil and gas, which is why it finds heavy usage in low-income as well as middle-income households. The reason behind the cost-effectiveness of the fuel is the ready availability of the raw materials used to produce it, especially coconut shells and wood.

P&S Intelligence says that due to this factor, the Philippines charcoal market will grow from $500.0 million in 2019 to $688.2 million by 2030, at a 2.9% CAGR during the forecast period (2020–2030). The fuel is made by burning organic matter, such as wood and coconut shell, in the absence of oxygen. Compared to burning wood and coal to produce energy, the combustion of charcoal releases no ash and extremely low amounts of smoke and carbon emissions, which is why this fuel is considered an environment-friendly alternative.

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The Philippines charcoal market is highly fragmented in nature, as there are a large number of small-scale producers in the country. Often, people produce the charcoal and then consume it themselves, and this is the way most of the fuel in the country is produced. Even the marketing and sales of the products are majorly conducted via unregulated channels. The country is home to only a handful of large-large scale industry players, which include Cenapro Inc., BF Industries Inc., Celebes Agricultural Corporation, Jacobi Group, MacKay Green Energy Inc., GCF Multi Products Development Corporation, and Premium A.C. Corporation.

Therefore, with the increasing application areas of the fuel, its production and consumption are set to increase in the country.

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