Why Are MEA Countries Deploying Large Number of Rented Power Equipment?

In contemporary times, the demand for power has substantially increased in developing countries, such as Thailand, Brazil, China, Qatar, and India, owing to the rapid industrialization and urbanization in these nations. These countries are witnessing immense technological developments and heavy investment in the construction sector that will lead to higher adoption of rented power equipment. In addition to this, numerous European and North American companies are expanding their presence in these countries to meet the escalating demand for electricity.

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Moreover, rising number of obsolete power plants is augmenting the demand for rented power, across the globe. These plants are inefficient in operations and lead to high pollution levels. Governments across the world are legislating several policies to enforce the shutdown of these outdated power plants to curtail environmental pollution. Owing to these factors, the power rental market is expected to accelerate at a CAGR of 10.3% during the forecast period (2018–2023). The market stood at $9,167.6 million in 2017 and it is projected to reach $16,855.5 million by 2023.

The end-user segment of the power rental market is categorized into oil and gas, utilities, construction, industrial, mining, and events. Amongst these, the utilities category held the largest market share in 2017 and it is projected to maintain its leading position throughout the forecast period. This can be ascribed to the renting of power equipment by utility companies for redevelopment or conversion process. With the depleting network of thermal power plants in the world, the adoption of rented power is expected to spur in coming years.

Keeping up with the trend, the MEA power rental market is also expected to exhibit the fastest growth during the forecast period, globally. This can be attributed to the soaring electricity demand from end-use industries in the region, on account of a rising number of events, utility services, and construction activities. Moreover, the market is gaining momentum in the region, due to the rapid infrastructure development and urbanization in countries, such as Saudi Arabia and the U.A.E.

Thus, due to the rising need for power in times of reducing the capacity of thermal power plants and increasing number of outdated plants, the demand for rented power will surge in the coming years.

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Why Are End Users Opting for Water-Based and UV-Cured Printing Inks?

Printing inks refer to a paste or liquid that are used to color surfaces, like cardboards, books and magazines, newspapers, and ceramic tiles, to produce design, text, and images. These inks contain dyes or pigments that are mixed with water, oil, or solvents, which form paste or liquid. Moreover, with the growing environmental consciousness, the printing industry is increasingly adopting eco-friendly inks, such as UV-cured and water-based, as these products enhance the efficiency and decrease the harmful effects of toxic and inorganic materials used in conventional printing inks. 

Owing to the multiple applications of printing inks and advantages of environment-friendly inks, their consumption has notably increased in end-use industries such as packaging, publication, printing, and food and beverages. In recent years, the usage of these inks has surged in the packaging industry, especially in India, the U.S., and China, due to their applications in flexible materials, tags and labels, and metal cans. These factors assist the printing inks market to grow by 4.7% during 2017–2023, and its value will increase from $17,537.4 million in 2016 to $23,881.9 million by 2023.

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Geographically, North America consumes the highest volume of printing inks, wherein the U.S. is larger contributor to the regional printing inks market. Whereas, Germany, Turkey, and Brazil were the largest consumers in the European, Middle East and Africa (MEA), and Latin American regions, respectively.

In addition to this, the penetration of bio-based products is also increasing, as people are becoming increasingly aware regarding the adverse effects of volatile organic compounds emissions in printing inks. Due to this the need for bio-based products in the different end-use industries, including printing, packaging, food & beverages, and publication, is growing. Printing inks find applications such as metal cans, tags and labels, and flexible materials in the packaging industry. 

In conclusion, the demand for printing inks is growing because of the expanding packaging industry and rising requirement for eco-friendly products.

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Mushrooming Geriatric Population Positively Impacting MRI System Sales

 The surging geriatric population in several countries is positively impacting the sales of MRI systems across the world. According to the 2017 World Population Ageing report published by the United Nations Department of Economic and Social Affairs (UNDESA), the global population of people in the age bracket- 60 years or above is rising rapidly. As geriatric patient care needs efficient management via cutting edge technologies, the soaring geriatric population is massively boosting the worldwide demand for MRI systems.

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MRI also provides excellent characterization of various musculoskeletal diseases and is used for detecting suspected soft tissue invasion. Thus, due to the intensive patient care requirements of the geriatric population, numerous medical facilities and healthcare centers are increasingly incorporating technologically advanced and innovative radiology systems. This is, in turn, pushing up the sales of MRI systems all over the globe. Furthermore, numerous research and development (R&D) activities have caused huge innovations in MRI systems over the last few years.

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Globally, the MRI systems market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the years to come, as per the estimates of P&S Intelligence, a market research firm based in India. The main factors propelling the demand for MRI systems are the rising incidence of chronic diseases, the presence of well-developed healthcare facilities and diagnostic centers, and the rapid technological innovations being made in imaging modalities in the region.

Thus, it is quite clear that the demand for MRI systems will shoot-up across the world in the upcoming years, mainly because of the increasing incidence of chronic diseases and the surging population of geriatric people all over the world.

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Why Are Hospitals Purchasing High-Slice CT Scanners despite Their High Costs?

As per the World Health Organization (WHO), 17.9 million people die of heart diseases and 9.6 million of cancer each year. Those who succumb to or survive such diseases experience long-term discomfort, and the quality of their life is severely destroyed. Hence, the focus of the global healthcare fraternity on their effective diagnosis, so that the appropriate care regimen can be initiated, is rising. A variety of tests are done at hospitals and diagnostic centers for the detection, staging, and treatment evaluation for these and many other diseases.

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Therefore, with the rising number of people requiring diagnostic tests, the computed tomography (CT) market is expected to witness a steady 5.0% CAGR between 2016 and 2022, since generating $4,894.3 million in 2015, according to P&S Intelligence. A CT machine is one of the most-useful tools at medical centers to scan the insides of the body. It uses X-rays to create pictures of bones, muscles, tissues, organs, and blood vessels, so that the issues related to them can be identified.

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However, the demand for high-slice CTs is still expected to increase fast in the coming years, as their potential usage for more applications than before is evaluated. For instance, owing to their ability to scan the entire heart in 0.5 seconds, 320-slice CTs might be a better option for cardiac perfusion imaging than 64-slice variants and for adenosine stress imaging, currently done by MRIs and positron emission tomography (PET) systems. For the same reason, high-slice CTs could also be used for the perfusion imaging of the brain and liver, thus allowing multiple departments of a hospital to share one system.

Thus, as the awareness regarding the early and effective diagnosis of diseases increases, so will the procurement of CT systems by medical centers around the world.

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Boom Expected in Diesel Genset Sales in Nigeria in Coming Years

Due to the surge in upstream exploration and production (E&P) activities and the expansion of the refining industry, because of the huge investments made by both foreign and domestic organizations, the sales of diesel gensets (or generator sets) are rising rapidly in Nigeria. Additionally, various proposed construction projects such as the building of airport terminals, bridges, and the Lagos–Calabar coastal railway lines are predicted to propel the sales of diesel gensets in Nigeria in the coming years.

Moreover, the already existing power infrastructure in the country is very poor, with the country recording huge power transmission losses and high base power deficit. In addition to this, the presence of grid uncertainty is propelling the requirement for gensets in the country. This is because of the surging auxiliary and prime power requirements in the industrial, residential, and commercial establishments in the country. Furthermore, the increasing population is predicted to propel the power requirements in the country.

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Due to the above-mentioned factors, the sales of diesel gensets are climbing in Nigeria. This is fueling the expansion of the Nigeria diesel genset market. The value of the market is predicted to grow from $410.9 million in 2018 to $527.4 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 4.1% between 2019 and 2024. Residential, industrial, and commercial sectors are the biggest application areas of diesel gensets in the country.

Hence, it can be said with surety that the demand for diesel gensets will soar in Nigeria in the future years, primarily because of the existence of a poor power infrastructure and grid uncertainties and the growing adoption of renewable energy sources in the country.

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U.A.E. Facility Management Market Predicted to Witness Revenue Explosion Between 2019 and 2030

Due to the surge in the tourism industry, because of the soaring foreign direct investments and the increasing number of travelers, the demand for facility management services is rising sharply in the U.A.E. Moreover, the country will host several international events such as the Dubai Expo 2021 in the coming years, which will massively augment the requirement for facility management services. This will be because of the rapid construction of various resorts and establishments in the country.

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Additionally, the rising requirement for disinfection services, due to the COVID-19 pandemic, is propelling the demand for facility management services in the country. Besides these, the mushrooming demand for safety services, environmental management services, and security services is also predicted to fuel the requirement for facility management services in the country in the forthcoming years. Furthermore, the rapid construction of several commercial and residential establishments, because of the implementation of favorable government regulations, is boosting the demand for these services.

Due to the above-mentioned factors, the U.A.E. facility management market is exhibiting huge expansion and is predicted to boom in the coming years. The value of the market is predicted to rise from $14,949.9 million in 2019 to $34,959.4 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 9.3% between 2020 and 2030. Security, support, property, cleaning, catering, and environmental management are main types of facility management services required in the U.A.E.

Out of these, the demand for the property services was found to be the highest in the country during the last few years and this trend is predicted to continue in the coming years as well. This will be because of the rising customer demand for integrated services for the management of properties. Because of this reason, the property category will exhibit rapid expansion in the market in the forthcoming years.

Thus, it is clear that due to the rapid construction of various commercial and residential facilities and the expansion in the tourism sector, the demand for facility management services will shoot-up in the U.A.E. in the coming years. 

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How Do Solar Control Films Keep Indoor Spaces Cool?

“Global CO2 emissions from fuel combustion reached a historical high of 33.5 GtCO2 in 2018.”, the International Energy Agency (IEA) says. Power plants fueled by crude oil, natural gas, and coal are the major culprits behind the increasing carbon emissions, which is why energy conservation in whichever way possible is being strongly emphasized upon by governments and international organizations. To achieve this, several pacts, such as the Kyoto Protocol, Montreal Protocol, and Paris Agreement, have been signed, which contain a detailed framework of the steps to be followed.

One of the major steps being taken in this regard is the construction of green buildings, with the government support being the strongest for net-zero energy buildings (NZEB). P&S Intelligence considers this to be a crucial factor for the growth of the solar control films market in the years to come. This is because the main purpose of green buildings is to use as little energy as possible, which is achieved not only by installing energy-efficient appliances but also by reducing the requirement for electricity at the source.

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In addition, solar control films also offer increased privacy, safety, and security. For instance, if a glass window breaks, the shards become a health hazard. However, solar control films attached to the window hold the glass together with adhesives, thereby controlling the shard formation. This property can also potentially stop burglaries, as they prevent robbers from breaking the window in one go, thereby giving those inside enough time to sound an alarm and send for aid. Moreover, by reducing the visibility through the glass, they offer people inside privacy from prying eyes.

Therefore, with the increasing construction and automotive production activities, the demand for solar control films will rapidly rise.

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