Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

Technology disruptions in the electric power industry and the resulting need for economic, eco-friendly and efficient optimization of power generation and distribution are poised to drive the global market for Demand Response Management Systems (DRMS) to exceed US$9.5 billion by 2024 . The landscape of the global electrical power sector is changing dramatically with market liberalization and stringent environmental policies of governments and regulators, coupled with increasing financial constraints pushing system operators away from centralized power plants and towards distributed energy resources and microgrids. The scenario is fuelling the adoption of advanced technologies such as demand response management systems (DRMS) that ease this transition process for system operators, increase participation of consumers, strengthen reliability and flexibility of the electrical system, and support growth of microgrids. Demand Response (DR), also termed as demand-side response or load r

Technology/product innovations supported largely by the recovery in construction activity, implementation of stringent regulations and policies and the resulting programs and strategies in place for ensuring quick assessment and response to emergency events are poised to drive the global market for fire extinguishers to exceed US$8.3 billion by 2024 . A fire extinguisher comprises a handheld pressure cylinder filled with water, gas, foam or other fire antagonistic chemical agents to extinguish fire. As long as structures exist, risk of fire would always be there, to mitigate which, fire extinguishers would remain an inescapable need the world over. As a result, the fire extinguisher industry would continue to play an important role in the developed world. Market growth is led by change in standard building codes and mandating necessary deployment of fire extinguishers coupled with strong construction sector in developing markets such as Asia-Pacific, Latin America, Middle East an

Growing competitive need to succeed in the emerging on-demand economy; proliferation of high-speed fixed and mobile internet, robust growth of e-commerce and m-commerce supported by consumer preference for convenient purchase options, and growing reliability and security of e-ticketing services are poised to drive the global market for Online Movie Ticketing Services to reach US$28 billion by 2022 .    Online movie ticketing services market has revolutionized the traditional form of movie ticket bookings, influencing ticket purchasing habits of consumers. Unlike the earlier counter-based bookings, movie tickets at present can be booked conveniently over the Internet using various digital platforms including laptops, computers, tablet PCs and smartphones. This innovative service has soared in popularity among movie audiences worldwide, as the online mode eliminates long queues that are generally associated with traditional movie ticketing systems. The high degree of convenience of

Rapidly aging population, rise in chronic respiratory diseases such as COPD, the launch of advanced new technologies and ventilation formats, and rising demand for neonatal ventilators are poised to drive the global market for Mechanical Ventilators to reach US$7 billion by 2024 . The global mechanical ventilators is set to exhibit a strong growth, driven by the increasing aging population, growing incidence of chronic respiratory diseases, such as Chronic Obstructive Pulmonary Disease (COPD), and increase in critical care admissions. Rapid urbanization, rising pollution levels, , growing incidence of preterm births, and rising prevalence of smoking are the other growth propellers. Technological advancement in the field represents a key demand driver for mechanical ventilators. Technological innovations are focused upon improving synchrony between the patient and ventilator; reducing the risk of lung injuries caused due to high inspiratory pressure; reducing alarm fatigue; and stru

Ubiquitous need for solvents in a wide range of industrial processes coupled with the growing popularity of green/bio solvents to address environmental concerns is poised to drive t he global Solvents market to exceed 33.4 million metric tons by 2024 . A solvent is a liquid formulation that is capable of suspending, dissolving or extracting various substances, without influencing any chemical change to the subject material and the end-product. Solvents function on the principle of 'like dissolves like' and are used for separating, cleaning and processing of materials. Solvents are primarily used for forming a solution by dissolving the solute and bring out properties of some substances. These solutions are selected or applied on the basis of numerous factors including safety and health and environmental effects, along with inherent features such as dissolving strength, evaporation and viscosity rates, flammability, and toxicity. To suffice various end-use level requirement

Increasing adoption of microCHP systems, spiraling electricity prices, manufacturer focus on technically advanced equipment, favorable policy scenario, and growing need for flexibility are poised to drive the global market for Cogeneration Equipment in terms of revenues from annual equipment installations to exceed US$37 billion by 2024 . Combined heat and power (CHP) systems, which are termed cogeneration equipment, are used to generate heat energy and electricity simultaneously from a single energy source such as oil, coal, natural gas, wood, biomass, or waste heat. CHP systems are capable of operating at higher efficiency levels of 77% to 81% compared to the 46% efficiency levels of conventional systems, while also enabling up to 29% reduction in carbon emissions as compared to traditional systems. Cogeneration systems have combustion turbines, steam turbines integrated with boilers, micro turbines, reciprocating engines and fuel cells as prime movers. In addition to these prime

The need to prevent spread of cross-infections and occupational exposures to pathogens in dental facilities is poised to drive the global Dental Infection Control Products market to reach US$1.1 billion by 2024 . Dentistry is one area of the medical sector that is at high risk of infections due to constant exposure to infectious materials such as blood and mucous. Both dental healthcare professionals and patients risk exposure to different types of blood-borne and air-borne diseases including HIV and Hepatitis B. Dental infections are generally transmitted through direct contact with infected fluids such as blood or saliva, or lesions or tissue debris generated during intraoral procedures. Infections can also be transmitted directly through nasopharyngeal secretions onto mucosa, blood splatters, and needle stick injuries. Additionally, dental infections are transmitted through indirect contact with contaminated materials, instruments or equipment in the dental facilities. The persona

Growing use of biosensors in myriad medical and non-medical applications; rising prominence of portable biosensor-based devices to manage health issues and development of advanced and reliable biosensors are poised to drive the global Biosensors market to reach US$28.3 billion by 2024 . Biosensor or a biological sensor, which consists of a physiochemical detector component (transducer) along with a biological component, is used in the identification of an analyte or compound in a sample. Biosensor-based devices are convenient, easy to use, sensitive and highly accurate and can be used in a range of research and commercial applications. Healthcare, food, aerospace, automotive, and agriculture industries are the major application markets for biosensors. Growth in the global biosensors market is being guided by the increasing use of biosensors in a diverse range of medical and non-medical applications. Expanding application markets are expected to play a critical part in the emergence o

Favorable prospects for polyurethane consumption in automotive, construction, and home furnishing markets, and expanding application base of bio-based polyols are poised to drive the global market for Polymeric Polyols to reach 39.6 billion pounds (lbs) by 2024 . Polymeric polyols are alcohols containing multiple hydroxyl groups, and are commonly classified into two types - Polyester polyols and Polyether polyols. The rapid evolution of the polyols industry has been spearheaded by its expansion to newer applications and its success in keeping pace with the changing consumer and end-user demand. One of the key end-use applications of polyols is in the production of polyurethanes that are extensively used in the production of flexible, molded, rigid, and semi-rigid foams. that are extensively used in the production of flexible, molded, rigid, and semi-rigid foams. These polyurethane foams find extensive application in the construction, automotive, and refrigeration, among other industr

Emerging personal data ecosystem and the ensuing demand for personal data storage empowerment tools is poised to drive the global market for Secure Digital (SD) Memory Cards to reach US$13.2 billion by 2024 . Secure Digital (SD) memory card, conceptualized by SD Card Association (SDA), is a non-volatile memory card the design and fabrication of which is focused on addressing the space, capacity, security, and performance needs of modern portable electronic devices. Available in standard SD, microSD and miniSD formats, differentiated by size dimensions and storage capacity, SD memory offers several key benefits in media storage such as small footprint, high-performance, ease-of-use and durability. Although digital camera represents the traditional application area for SD memory, current spate of growth is being driven by smartphones and tablet devices. Exponential rise in 4G LTE networks and subsequent expansion in digital media consumption and social networking on mobile devices is