What are Key Factors Fueling Sales of Metal Bonding Adhesives in India?

The rapid advancement in the manufacturing sector is causing a steep rise in the sales of metal bonding adhesives in India. As per the India Brand Equity Foundation, the country’s manufacturing sector rose to $91.2 billion in valuation from April 2000 to June 2019, mainly because of the increasing foreign direct investments in the country. Additionally, the implementation of several government initiatives such as Make in India is propelling the progress of the sector.

As these adhesives are extensively used in the manufacturing of various healthcare devices and equipment such as surgical equipment, X-ray machines, implantable devices, and biosensors, the ballooning sales of medical devices are massively boosting the demand for these adhesives. This is, in turn, driving the progress of the Indian metal bonding adhesives market. The market valuation is predicted to surge from $198.9 million in 2019 to $343.6 million by 2030.

To learn more about this report: https://bit.ly/39KLl5N

Furthermore, the market is predicted to advance at a CAGR of 5.2% between 2020 and 2030. Depending on resin, the Indian metal bonding adhesives market is divided into epoxy, acrylic, cyanoacrylate, anaerobic, rubber, and polyurethane. Out of these, the epoxy category is predicted to exhibit the fastest growth in the market in the future years. This would be because of the growing usage of epoxy adhesives for bonding the metal sheets used in automobiles and trains.

Hence, it can be safely said that the sales of metal bonding adhesives will explode in India in the coming years, primarily because of their mushrooming requirement in the automotive industry and various manufacturing operations.

Read more: https://www.psmarketresearch.com/market-analysis/india-metal-bonding-adhesives-market

Read More

Global Demand for Benign Prostatic Hyperplasia Procedures Set to Skyrocket in Future

The surging geriatric population, on account of the rising life expectancy and the falling birth rates, is one of the main factors fueling the growing requirement for benign prostatic hyperplasia (BPH) procedures across the world. As elderly people are highly vulnerable to various diseases and need extensive medical care, on account of their long recovery times and low immunity levels, their increasing population is massively boosting the demand for BPH procedures.

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/benign-prostatic-hyperplasia-procedures/report-sample

As per the United Nations Department of Economic and Social Affairs (UNDESA), the number of people in the age group-60 years or above is increasing rapidly. According to the organization’s global aging population reports, the population of the people in the age group-60 years or above will rise by 56.0% or from 901 million in 2015 to 1.4 billion by 2030. Furthermore, this number is predicted to grow to 2.1 billion by 2050.

Make an Enquiry before Purchase:https://www.psmarketresearch.com/market-analysis/benign-prostatic-hyperplasia-procedures/report-sample

The players operating in the BPH industry are launching many campaigns for raising public awareness about BPH procedures and various prostate-related diseases. For instance, GlaxoSmithKline plc started a campaign with the name ‘#SeatsupforSanta’ for spreading awareness among people about BPH treatments and symptoms. Because of these reasons, the global benign prostatic hyperplasia (BPH) procedures market is predicted to register huge growth in the coming years. Laser-based and surgical procedures are the main types of BPH procedures performed around the world.

Hence, it is safe to say that the demand for benign prostatic hyperplasia procedures would surge across the world in the forthcoming years, mainly because of the rising prevalence of BPH and the increasing public awareness about these procedures.

Read More

Enhanced Human Mobility with Exoskeleton Devices

 According to the 2019 data of National Spinal Cord Injury Statistical Center (NSCISC), approximately 17,730 people are affected by spinal cord injury (SCI) each year in the U.S. The annual report by NSCISC also mentions that on an average nearly 291,000 people with SCI are currently living in the country, and the cases are on the rise. Due to the rising cases, exoskeletons are being increasingly used in the healthcare industry, to provide physical strength to the affected people and help paralyzed patients walk.

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/exoskeleton-market-forecast/report-sample

Additionally, surging aging population is also increasing the application of exoskeletons. The 2019 World Population Ageing report, by the UN states, projected that by 2050, there will be around 1,500 million people of age 65 years and above. Due to this surge, exoskeleton devices are being widely used to increase the physical strength of the elderly people.  With aging, the risk of fractures becomes high due to fragile bones and reduced bone density. This will eventually increase the exoskeleton market size from $290.3 million in 2019 to $6,957.9 million by 2030, displaying a CAGR of 35.9% during 2020–2030.

Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=exoskeleton-market-forecast

These advancements are an outcome of increasing investments for the commercialization and innovation of exoskeleton products. Additionally, rising awareness regarding the application of exoskeletons for acute and chronic orthopedic diseases' management in developed and developing nations has led to the improvement and demand for these devices. 

To adhere to the increasing use of exoskeleton products, manufacturers are focusing on strategic measures like facility, expansions, product launches, and partnerships. For instance, Bionik Laboratories Corporation launched, in 2019, the new-generation InMotion ARM/HAND robotic system to clinically rehabilitate patients with mobility impairments due to neurological disorders, and stroke survivors. 

Read More

Development of Virtual Power Plants Set to Surge in North America in Future

The increasing adoption of renewable sources for producing energy is massively augmenting the demand for virtual power plants throughout the world. According to reports, the production of power from renewable sources such as wind and solar is rising faster than that generated from fossil fuels. As per industry experts, the share of renewable sources in energy production across the world will increase from 7% in 2015 to 20% by the end of 2035. 

To learn more about this report: https://bit.ly/2N362SF

The rapid development of several extensive renewable energy projects will create huge amounts of energy in the future that will need a well-developed power infrastructure for ensuring the reliable flow of energy. This will fuel the development of virtual power plants (VPPs) that will facilitate the incorporation of newly created renewable energy projects in the power evacuation infrastructure. Moreover, in countries such as Nigeria, India, and Indonesia, the lack of availability of power 24*7 is fueling the demand for VPPs.

Due to the existence of inadequate and outdated power infrastructure, various developing nations experience regular power outages. Because of this reason, many emerging economies are making huge investments in the establishment of virtual power plants. These plants will solve the problem of power cuts and provide a continuous supply of power. Due to these factors, the popularity of virtual power plants is rising rapidly around the world. This is propelling the growth of the global virtual power plant market.

Thus, it can be said with confidence that due to the growing requirement for continuous supply of power and the rising adoption of renewable energy sources for power generation, the demand for virtual power plants will shoot-up across the world in the future years.

Read more: https://www.psmarketresearch.com/market-analysis/virtual-power-plant-market

Read More

How Are Corrugated Boxes Beneficial for Food Packaging Industry?

The food processing industry is adopting high volumes of corrugated boxes due to the increasing concerns over food safety and freshness, especially during the shipping of bakery & dairy products, grain-based food, and canned & frozen foods. These boxes ensure the freshness and safety of food items during their transport from the producers to retailers or end-users. Due to these reasons, the corrugated boxes market is expected to witness a CAGR of 4.3% during 2020–2030, which will increase the size of the market from $180.9 billion in 2019 to $284.6 billion by 2030.

To learn more about this report: https://bit.ly/39Aa0dd

The increasing adoption of corrugated boxes is also due to the rising concerns for the environment. Initially, these boxes were disposed of after use, thus leading to the accumulation of large volumes of waste in landfills. However, the increasing pollution has led to a rise in the recycling of old corrugated packaging materials to develop new boxes. Manufacturers are using advanced technologies for compaction and shredding that help in the recycling of corrugated packaging materials. The recycling of these boxes produces fiber, which can be used for the development of new packaging material.

The Asia-Pacific corrugated boxes market is projected to display the fastest growth during the forecast period. This growth will be driven by the rising concerns for environmental degradation and increasing focus on sustainable packaging, surging demand for personal care products and electronic goods, and booming e-commerce industry. Additionally, a surge in the government regulations to attain a sustainable environment and the easy availability of raw materials are encouraging the adoption of corrugated boxes for primary and secondary packaging.

Thus, the widening application of corrugated boxes and increasing concerns for the environment are expected to add to the demand for such packaging materials in the foreseeable future.

Read more: https://www.psmarketresearch.com/market-analysis/corrugated-boxes-market-analysis

Read More

Ultra-Thin Solar Cells: A Glimpse into Future Solar Power Technology

The increasing pollution and environmental damage caused because of the large-scale usage of fossil fuels for power generation is making renewable energy extremely popular all over the world. In many industries and residential applications, the renewable energy sources are rapidly replacing the conventionally used power producing sources. Out of the different types of renewable energy, solar energy is the one most widely adopted in different sectors, due to its abundant availability and affordable energy systems and devices such as ultra-thin solar cells.

To learn more about this report: https://bit.ly/3qoqw6X

According to the International Energy Agency (IEA), “the LCoE will be $55.7 per Megawatt-hour (MWh) for coal and $66 per MWh for PVs by 2020, equal by 2024, and $57.3 per MWh for coal and $40.0 per MWh for PVs by 2040”. The reduction in the costs of these devices would be caused by the increasing research and development (R&D) activities being conducted in solar cells. These extensive R&D projects would also improve the efficiency of the ultra-thin solar cells, which would consequently increase the final solar power output. 

The other important factor responsible for the growing adoption of solar energy is the rising end-user preference for sustainable energy in various applications. Due to these factors, the global ultra-thin solar cells market attained a revenue of $30.0 million in 2019 and is predicted to progress at a CAGR of 56.9% from 2020 to 2030. On-grid and off-grid are the two types of grid systems used for operating ultra-thin solar cells. Between the two, the usage of the on-grid systems is predicted to be higher than the off-grid ones in the future years. 

Therefore, the sales of ultra-thin solar cells will shoot-up across the world in the forthcoming years, on account of the growing adoption of solar energy in residential, industrial, and commercial applications and the falling prices of PV cells throughout the world.

Read more: https://www.psmarketresearch.com/market-analysis/ultra-thin-solar-cells-market

Read More

How Are Gensets Ensuring the Economy Never Comes to a Halt?

Electricity is the backbone of modern societies. From climate control and lighting to machines and Wi-Fi, literally every crucial system that we use in our homes, offices, and industries nowadays needs electricity. Moreover, with the rising urbanization and industrialization rates, having a reliable and continuous power generating source is becoming incredibly important. This is the main factor fueling the worldwide demand for generator sets, or gensets, as they are popularly called, around the world.

These systems add an extra layer of security in the event of power outages or brownouts and keep critical systems and machines running at industries, medical facilities, homes, and offices. In addition to this, gensets have the ability to provide power in remote areas not connected to the grid. These places include campsites, construction sites, deep underground mines, and rural areas. Therefore, it won’t be an overstatement to say that gensets are extremely essential systems that keep the wheels of the economy in motion.

Thus, owing to their importance for the modern human, gensets are rapidly gaining traction all over the world. This is, in turn, causing a sharp surge in their sales, which is consequently propelling the advancement of the global genset market. As a result, the total value of genset sales is predicted to grow from $17,592.6 million to $27,863.0 million from 2019 to 2030. Furthermore, the market is predicted to advance at a CAGR of 5.8% from 2020 to 2030.

To learn more about this report: https://bit.ly/38JQ1tv

Unsurprisingly, Demand for Gensets To Rise Fastest Middle East and Africa (MEA) in Future

Due to the rapid industrialization and urbanization programs being launched by the governments of regional countries and the presence of a booming construction sector, the MEA region would certainly witness huge sales of gensets in the coming years. MEA countries are set to host some massive international events and competitions in the near future, such as the 2022 FIFA World Cup (Qatar) and the World Expo 2020 (Dubai) and are, therefore, witnessing large-scale infrastructure development and renovation projects.

Furthermore, the poor grid connectivity in many countries and the increasing commercial activities in Turkey, Egypt, Saudi Arabia, and the U.A.E. would ensure that the region witnesses the fastest growth in genset sales, out of all the other geographical regions in the world, during the next few years. In addition, many regional countries are focusing on reducing their reliance on oil and gas. 

For instance, the Saudi Arabian government launched Saudi Vision 2030 recently, a strategic framework that aims to reduce the country’s reliance on oil, develop public service sectors, and diversify its economy. This would massively boost the sales of gensets in the country in the forthcoming years.

Thus, it can be said without any hesitation that genset sales would shoot up all over the world in the future, primarily because of the growing power requirement and increasing grid uncertainties in several countries.

Read more: https://www.psmarketresearch.com/market-analysis/genset-market

Read More