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Showing posts from November, 2018

Myriad Factors Including Unchanged Unemployment Rates, Rising Competition for Jobs, Talent Shortage & Rise of the Gig Economy Drive Demand for Specialized Employment Services

Growing need for specialized employment training, job placement and support services against the backdrop of unchanged unemployment rates, a competitive job market, growing skills shortage and increased outsourcing of recruitment activities to secure human resources with the right competencies at the lowest cost are poised to drive the global Employment Services market to reach US$913 billion by 2024.
Employment services industry is a provider of a wide range of human resource services to enterprises and businesses. Services offered by the industry include offering temporary employees to client companies, providing assistance to employers in finding the right talent, and offering human resource services to companies. Employment services firms play the role of an intermediary in the labor market by balancing supply and demand for labor, and matching employee skills with quality employment opportunities. Employment services providers offer professional services for delivering work soluti…

Growing Importance of Electrical Interconnects in Manufacturing High Performing, Reliable, Fault/Fail Proof Electronics Drives Global Demand for Connectors

Design improvements, miniaturization and high functionality in a wide range of industries; growth in fiber optic deployments; rising importance of industrial automation; increasing demand for communication devices; and growing electronification in the automotive sector are poised to drive the global market for Connectors to reach US$91.1 billion by 2024.
As critical components in innumerable electronic devices and extension cable assemblies, connectors find widespread use in a gamut of applications and are available in variety of types ranging from Power Connectors, Audio Connectors, Modular (Telephone) Connectors, BNC and UHF Connectors, D-Shell Connectors, Edge Connector, Insulation Displacement Connectors (IDCs), 8P8C Connectors, D-Subminiature Connectors to USB Connectors.
There will always exist a steady and secure market for connectors given that electronics has evolved into the grease that oils the smooth functioning of virtually all sectors of the economy ranging from consumer …

Expansion in Pastoral Farming & Cattle Ranching and the Ensuing Need for High Quality Fodder Crops to Benefit Demand for Haying Machinery

Growing livestock population against the backdrop of expanding human population and the resulting need for animal based food is poised to drive the global market for Haying Machinery to reach US$10.8 billion by 2024.  
Haying machinery is a mechanical device that aids in harvesting and packaging of hay, which is used primarily to feed animals. In line with the trend towards expanding livestock industry and rising adoption of farm mechanization practices across the world, haying machinery is expected to play a pivotal role in improving hay output and quality, besides reducing time and costs. The haying machinery market also stands to gain from the robust consumption of dairy products, which is spurring the demand for quality forage for dairy cattle. Other factors driving growth in the market include growing population, scarcity of farm labor due to migration to urban areas, and credit availability, and subsidies offered by government towards farm mechanization. Rising farm consolidation…

Myriad Benefits of Cloud Computing Bring Out the Significance of Internet Datacenters in an Era Where Agility, On-Demand Scalability & Low Costs are Linchpins for Business Success

Myriad benefits of cloud computing, the exponential increase in data volumes and the ensuing need to expand data center capacity are poised to drive the global market for Internet Data Centers to reach US$89.5 billion by 2022.
Internet Data Centers (IDCs) are data centers operated by Internet service providers, system integrators, common carriers, and are connected to the Internet and accessed by the Internet. Unlike data centers specifically built for a single large company, IDCs are third-party data centers hosted on behalf of companies and are designed to house all data-storage functions of clients and/or house all servers and related Internet equipment.  IDCs facilitate in the maintenance of resources and also enable integration of server storage and networking. Increased information availability, enhanced data access and improved server capabilities are major advantages of IDCs. These data centers also aid in addressing various business challenges including scalability, flexibili…

Modernization of Creaking Global Infrastructure Comprising Water, Sewage Irrigation & Oil & Gas Pipelines to Benefit Global Demand for Continuous Welded Pipes and Tubes

Rise in infrastructure and industrial development projects, and opportunities from replacement of aging pipelines are poised to drive the global market for Continuous Welded Pipes and Tubes to reach 26.5 million tons by 2024.
Continuous welded (CW) pipes refer to steel pipes with a single longitudinal seam formed through continuous welding process. These pipes are typically small-diameter pipes, and find use in low-pressure and mechanical applications such as in steam, gas, water, and air lines. Growth in the market is mainly driven by improvement in residential and infrastructure spending on projects such as airport, metros, and greenhouse structures among others. The industry also stands to benefit from the requirement to replace antiquated pipelines, especially in developed economies of the US and Europe. As CW pipes are also used in fire sprinkler systems, stringent regulatory standards, and greater industrial safety requirements along with rise in infrastructure spending are expec…

Stubborn Prevalence of Gun Culture in the West Coupled With Rising Security Concerns in Other Parts of the World to Spur Global Demand for Safes & Vaults

Prevalence of gun culture in North America and Europe and the need for better gun-management and storage; and increased security threats that demand greater protection of physical assets like valuables and documents especially in the banking sector are poised to drive the global Safes and Vaults market to exceed US$6.1 billion by 2024.    
Safes and vaults present secure and reliable storage options to protect valuable items from external threats or calamities. These products are also used for preventing unauthorized access to some of the potentially dangerous items such as firearms and legal documents. Over the last several years, the global market for safes and vaults has been experiencing healthy growth due to rising asset safety concerns and increasingly aware and security conscious society. Driven by technological advancements, these products are being increasingly integrated with sophisticated electronic devices for creating smart systems. Safes continue to witness a perpetual st…

New Studies Reestablishing Safety of HRT & Launch of Safer Drugs to Drive Growth of the Global HRT Market Amidst Challenges Posed by Widespread Off-Label Prescriptions

Revised studies re-establishing the health benefits and safety of hormone therapy, launch of new and safer drugs, and increasing demand for bioequivalent drugs are poised to drive the global market for Hormone Replacement Therapy (HRT) to reach US$10.7 billion by 2024.
Hormone Replacement Therapy (HRT), also known as Menopausal Hormone Therapy (MHT), refers to administration of [estrogen] hormones to female patients for replenishing declining natural hormone levels due to menopause.  Menopause happens during the age of 45 to 55 years on average in women, when ovaries stop producing estrogens and menstruation stops. Major menopausal symptoms include hot flashes and night sweating, heart palpitations/anxiety, and genital dryness, all caused due to drop in the estrogen hormonal levels. About 75% of menopausal women experience these symptoms. Hormonal Replacement Therapy (HRT) refers to administration of natural or synthetic estrogens, either alone or in combination with progesterone, to …

Evolution of “as-a-Service” Era in Cloud Primes Cloud Based Storage for Mainstream Adoption

Numerous benefits of cloud that can no longer be overlooked against the backdrop of the evolving era of “as-a-Service” where 'everything' is now a service (XaaS) are poised to drive the global market for Cloud-Based Storage Services to reach US$117 billion by 2024.
The importance of data is well known in the information age, with data being likened to the new oil vital for running the economy and fueling its growth. Data and information assets are today more valuable for companies than physical assets. Against this backdrop, appropriate handling of data is gaining prominence as companies wake up to the value of time sensitive data, and thereby undertake efforts to ensure its timely availability and easy accessibility. This brings to fore the growing importance of data storage and its ability to support a company’s changing business goals, and needs. In addition, data in the modern enterprise environment is distributed. Cloud servers, in this regard, are emerging into the digita…

Evolution of Absorption Chillers as the Preferred Cooling Solution in CHP/Cogeneration, Trigeneration, and Quattrogeneration Systems Drives Healthy Market Growth

Growing interest in eco-friendly and useful cooling solutions that re-use low temperature waste energy, and the emergence of sophisticated absorption chillers as perfect candidates for cost-efficient cogeneration systems are poised to drive the global market for Absorption Chillers to exceed US$965 million by 2024.
Increasingly energy-efficient products, together with the need for replacing vintage systems, are steadily spurring growth within the global absorption chillers market. The basic principle behind the working of an absorption chiller or an absorption heat pump is the transfer of energy to a higher temperature source from a lower temperature source. These machines make use of heat in several forms including thermal oil, steam or hot water for operation, and are different from traditional compression chillers and heat pumps in which mechanical compressors perform the function of producing the required pressure difference for evaporating and condensing the refrigerant in the ref…

The Urgent Need to Decarbonize Energy Production for Mitigating Climate Change Sustains Global Focus on Nuclear Power

Urgent need to revive focus on nuclear power as a long term, reliable, sustainable, and clean electricity source with minimal carbon emissions amidst short term issues and challenges is poised to drive the global market for Nuclear Power to reach 3.1 thousand TeraWatt-hours (TWh) by 2024.
There is an urgent need for generating more not less carbon-free electricity for combating climate change. While renewables, including solar and wind power, generate carbon-free electricity, their contribution towards carbon-free emissions is negligible in comparison to that of nuclear energy. Besides providing a major source of commercial electric power, nuclear power is also useful in powering majority of military submarines and aircraft carriers enabling the realization of the industrial scale ‘plutonium economy’ vision that aims at making nuclear power socially, environmentally, economically, and politically acceptable. Countries including the US, Russia, France, China and South Korea account for …

Resurgence in Infrastructure Spending & CAPEX Investments in Oil & Gas Exploration, Production & Transportation to Drive Demand for Helical Submerged Arc Welded Pipes

Recovering CAPEX on midstream infrastructure development for efficient and reliable distribution and delivery of oil, gas and other petroleum products to end-users is poised to drive the global market for Helical Submerged Arc Welded (HSAW) Pipes to exceed 10.6 million tons by 2024.
Helical Submerged Arc Welded (HSAW) Pipes or Spiral Weld pipes refer to steel pipes with a seam that runs along the entire length of the pipe in a spiral form. HSAW pipes are more versatile than LSAW pipes and find use in transmission of water, sewage, and oil and gas products, and in piling and structural applications. A major factor driving the demand for HSAW pipes is the escalating demand for energy primarily from emerging nations and the subsequent increase in the number of crude oil and gas development projects.  In addition to the improved investments in midstream infrastructure development in the  oil and gas industry and surging energy consumption worldwide, replacement demand for most of the anti…