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

Increased adoption of industrial automation technologies and emphasis on faster Time to Market (TTM) in a bid to survive the growing competition in the manufacturing industry are poised to drive the global market for Data Acquisition (DAQ) Hardware to reach US$1.7 billion by 2022 Data acquisition (DAQ) is an established technical concept that focuses on recording, analyzing, and reporting of electrical measurements such as power, current and voltage, and transducer/sensor-driven data such as vibration, temperature, humidity, strain, flow and level etc. DAQ is carried out by DAQ systems, the specially designed tools to seamlessly collect data from equipment and processes in industrial sites, commercial facilities and scientific laboratories and transmit gathered data to a processing device for generating valuable insights for use in monitoring, control and analysis applications. DAQ systems, comprising of hardware and software solutions, are primarily available in the form of plu

The acute pain of agricultural labor shortages made more intense against a backdrop of growing population and food demand, urgent need for arable land expansion and farm productivity improvements to achieve food security goals are poised to drive the global market for Harvesting Machinery to reach US$36.9 billion by 2024 Harvesting machine is a mechanical device that aids in harvesting of crops by performing farm practices such as plucking, cutting, thrashing and winnowing. Harvesting machinery ranks as the second largest market segment in the global agricultural equipment market, following farm tractors. Against the backdrop of population growth, the need to increase food production through limited arable land is rendering mechanization of farming activities a necessity. Machines, such as harvesters, are considered to be a boon as they enable in multiplying the yield output by saving significant amount of time and effort. Future growth in the market is forecast to come primarily

Ability to meet modern healthcare’s goals of early diagnosis, improved treatment efficacy, personalized medicine, disease prevention and lower costs is poised to drive the global market for Nanotechnology in Drug Delivery to reach US$95.7 billion by 2024 . Nanotechnology is emerging to become a very critical part of the ongoing healthcare reform and healthcare policy management, given the technology’s potential usher in breakthrough effectiveness in healthcare treatment and therapy and reduce costs. The global healthcare system which prospered and developed during the last half a century as  a result of the then witnessed period of boom in scientific development, economic progress and social stability, is now facing a period of financial crisis and meltdown. Deficit ridden governments are seeking to impose cost control mechanisms to rationalize escalating healthcare costs. The healthcare industry is entering into a new era of change and paradigm shift in structure. Spiraling heal

Increased demand from the construction industry for roofing, roads, and pavement applications; strong growth in demand from adhesives and sealants and footwear markets in the Latin American and Asia-Pacific regions; and rising popularity of diapers are poised to drive the global market for Styrene-Butadiene-Styrene (SBS) Block Copolymer to reach 2.4 million tons worth US$8.1 billion by 2024 . Styrene-Butadiene Styrene (SBS) block copolymer would emerge as the leading product in the Styrene-Butadiene Copolymer (SBC) market in the coming years. It is used in high-performance demanding applications, such as polymer modification, bitumen and asphalt modification, adhesives-and-sealants, and vulcanized compounding among others. In formulation of adhesives, SBS provides major advantages. They work very efficiently in processing temperatures and perform as reinforced-elastic rubbers in conditions of standard application. Owing to these advantages, SBS finds use in modification of differ

Growing role of personalized medicine and theranostics in disease treatment is poised to drive the global market for Companion Diagnostics to reach US$5.8 billion by 2022 . A Companion Diagnostic (CDx) refers to a diagnostic test used as a companion to a therapeutic drug for increased efficacy of the drug and for pre-determining the efficacy of the treatment. CDx are usually in-vitro devices or assays or imaging tools, which are developed during development of the corresponding drug or after the drug is on the market. By providing crucial information on an individual’s risk factors for hard-to-diagnose conditions, and also predicting safety and efficacy of the drug in relevance to the targeted patient group, companion diagnostics enable healthcare professionals to decide whether a drug’s benefits outweigh its risks. They help doctors in appropriate dosage of medication, determine how well a patient is responding to a prescribed therapy, and also analyze risk of recurrence of a diseas

Growth in automobiles production, growing aerospace sector, robust demand for construction and mining equipment, mechanization of agriculture, and steady growth in global power generation are poised to drive the global market for Gears, Drives and Speed Changers to exceed US$213 billion by 2024 . Gears, industrial high-speed drives and speed changers will experience steady demand so long as there is demand for manufactured durable goods such as automobiles, construction and mining equipment, among others. Any surge in demand for such goods warrants their increased production, creating the need for gears and drives. The manufacturing industry therefore is a critical growth driver and the shifting role of manufacturing and its level of contribution to economic development tend to impact growth patterns in the market. Gears, drives, and speed changers are important manufacturing parts and components, critical to production of a range of machinery and equipment. While gears and gear

Urgent need to replace legacy boilers with next-gen boiler systems and solutions, and the resulting popularity of smart power boilers featuring boiler optimization software tools is poised to drive the global market for Power Boilers to exceed 130 thousand MW in terms of annual capacity additions by 2024 . As the most vital component of thermal power plants, power boilers are highly influenced by macro trends in the power generation sector. Surging energy consumption and the resulting rise in power generation offer a stable and secure business case for power boilers. Continuous industrial development, improving living standards, and ever growing population have and will remain major factors driving demand for power. Environmental regulations introduced or about to be implemented in several countries will influence the need for more efficient power generating equipment. The establishment of new power plants, refurbishment of existing power generation facilities, and migration to e

Rapidly rising penetration of mobile phones, increasing integration of NFC technology in consumer electronic devices, and rising prominence of NFC technology for applications such as contactless payments and automated ticketing are poised to drive global sales of Near Field Communication (NFC) Enabled Phones to reach 2.7 billion units by 2024 . A standards-based wireless communication system that evolved from RFID technology, Near Field Communications (NFC) uses a reader/writer/tag for establishing simple and safe short range communications between enabled electronic devices. NFC has evolved as one of the most intuitive technologies enabling seamless interactions between wireless networking platforms. The technology’s ability to facilitate secure and fast contactless transactions, gain access to digital content through a tap or a wave at contactless card readers, and facilitating easy connectivity to electronic devices are contributing to the increasing popularity of NFC technolo

Rising adoption rates in cloud computing applications is poised to drive the global market for Micro Servers to reach US$97 billion by 2024 . Defined as a server comprising of multiple nodes, Micro Servers are increasingly emerging as a low-cost and energy-efficient solution for processing low-intensive/less-demanding workloads. These servers are mainly finding usage in applications ranging from low-end dedicated hosting and simple content delivery nodes, to low-end web serving among others. While the low price point is the major factor driving popularity of Micro Servers among small and medium-sized businesses, energy-efficiency both in terms of power consumption and cooling, and space-saving attributes are encouraging their widespread adoption among larger enterprises. Demand for data center and cloud computing services are on the rise on account of growing proliferation of sophisticated mobile devices and the resulting increase in access of mobile content, which is spurring the n

Ongoing shift towards bio-based renewable feedstocks in producing polymers, latex, chelates and other chemicals-derived materials is poised to drive the global market for Itaconic Acid to exceed US$133 million by 2024 . Itaconic Acid (IA), also known as methylene succinic acid or butanedioic acid, is gradually emerging as a new high-tech industry across the globe. With rising concerns over diminishing fossil fuel resources, efforts are being made to produce chemicals from green feedstock rather than petrochemical raw materials. IA, one of the promising bio-based platform chemicals, is immensely gaining from the prevailing trend in the chemicals industry. Leveraging its unique properties such as robustness, non-toxic nature, extreme stability and yeast-like growth even in high densities, IA extends a highly suitable bio-based monomer for a multitude of industrial applications. Although use of IA is currently restricted to few industries, ongoing thrust towards bio-based renewable

Robustly growing Biosimilars market supported by the strong focus on reducing drug prices and cost of healthcare is poised to drive the global market for Commercial Biotechnology Separation Systems to exceed US$31.7 billion by 2024 .   Biological products are of significant importance in a wide range of sectors including food, cosmetic and pharmaceutical industries. Separating biomolecules and proteins such as RNA and DNA are key processes in commercial production of biotechnology products. These macromolecules are separated from their source material for their use in analysis as well as in production of biotechnological products. While in some applications biological products need little further processing and can be employed as crude extracts, their use in biopharmaceuticals require high levels of purity that make downstream processing with separation and purification steps critical. Separation technology is vital since it plays a major role in influencing product efficacy and