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Showing posts from April, 2019

Ubiquity of High-Voltage Transmission Lines Crisscrossing Countries Worldwide Sustains the Importance & Indispensability of Power Transformers in Electric Power Distribution

The global market for Power Transformers is projected to exceed US$33 billion by 2025, driven by the ubiquity of high voltage electricity transmission as utilities strive to reduce transmission losses coupled with favorable macro factors such as growing electricity demand, rise of smart grids, and utility spending on upgrading T&D infrastructure.
Transformers are designed to deliver high power to volume and power to weight ratios to lower production and installation costs as well as high voltages to enhance transmission efficiencies. The growing demand for electricity due to increasing global population coupled with rapid urbanization and industrialization in emerging countries continue to keep the power generation industry under immense strain. Driven predominantly by the need to enhance the controllability as well as efficiency of power transmission infrastructure by minimizing transmission losses and effectively co-coordinating the supply of power in order to meet the demand at …

Expanding Opportunities as Absorbent Material in Incontinence & Wound Care Products & as Micro Water Reservoirs for Crops in Agriculture to Spur Growth in the Global Superabsorbent Polymers Market

The global Superabsorbent Polymers market is projected to reach 3.4 million metric tons by 2025, driven by growing applications in hygiene and non-hygiene products, and increasing global focus on bio-degradable SAP.
Superabsorbent polymers (SAPs) are cross-linked acrylic homo-polymers, which possess the capability to absorb as well as retain substantial volumes of water. Superabsorbent polymers also exhibit other unique characteristics such as biocompatibility, hydrophilicity, swelling and de-swelling, and high absorption capabilities. Traditionally superabsorbent polymers have been used primarily in baby diapers, adult incontinence products and feminine hygiene products. Since SAP can efficiently retain moisture in gel form, the material is widely used in hygiene products as a medium of solidification. Driven by its superior absorbency features, the use of superabsorbent polymers is extending to other applications such as agriculture, food packaging, waste disposal, construction mater…

Aging Population & a Parallel Increase in Incontinence & Chronic Kidney Disease Drive the Global Urological Catheters Market

The global market for Urological Catheters is forecast to reach 703.9 million units, worth US$3.9 billion by 2025, driven by aging population and rising incidence of urinary incontinence and chronic kidney disease (CKD). Innovative technologies, products, and procedures are continuously fueling growth in the market.
Urological Catheters market, comprising urinary catheters and dialysis catheters, is a growing market, backed by rising incidence of urinary incontinence and Chronic Kidney Disease (CKD), a major contributor to the growing dialysis market. As a technology-driven industry, innovative technologies, products, and procedures, are constantly fueling the growth of the Urological Catheters market. The U.S. and Europe represent the largest regional markets globally. Though developed countries with high healthcare standards dominate the overall urological catheters market, developing countries in Asia, Eastern Europe, and Latin America are boosting demand for low-priced catheters. A…

Population Growth & the Need for a More Structured Infrastructure to Handle Energy, Heating/Cooling, Water & Wastewater Needs to Drive Demand for Pipes & Pipe/Hose Fittings

The global market for Pipes and Pipe/Hose Fittings is projected to reach US$352.4 billion by 2024, driven by growing population and the ensuing expansion and upgrades of underground piped networks for transporting oil & gas, water, and wastewater, among others.
Pipes, used commonly in potable water distribution, storm sewers, and surface water drainage are indispensable to the infrastructure of a nation. Buoyed by expanding population and the subsequent rise in demand for potable water and drainage systems, market for pipes and fittings is set to rise over the analysis period. Demand is expected to increase further by the increasing distance between consumers and sources of potable water leading to the need for additional pipeline infrastructure for transmission and distribution. The trend is expected to be additionally supported by increasing migration of population to newer regions entailing the need for new infrastructure. The scenario is expected to promote demand for pipes, e…

Aging Vehicle PARC Drives Global Demand for Automotive Brake Friction Parts in the Aftermarket

The global Automotive Aftermarket Brake Friction Parts market is projected to reach US$5.3 billion by 2024, driven by aging vehicle parc and parallel opportunities for the aftermarket business.
Though being a small part of an automobile, brake system is an essential component of a vehicle and plays an important role in its normal functioning. An efficient brake system helps the driver to keep the vehicle under control, slow it down and halt the vehicle whenever necessary by converting its kinetic energy into heat. The quality of the brake system determines overall safety of the vehicle. Brakes often utilize ‘friction’ to transform kinetic energy into heat. The brake friction part of an automobile slows down or stops a vehicle by converting kinetic energy into heat energy via friction. The friction part of a drum brake is called the brake shoe while that of disc brake is called the brake pad. In drum brake, the friction is caused when a set of brake shoes presses against inner surface o…

Services to Efficiently Manage Medical Imaging Equipment, the Most Valuable & Expensive Asset in Hospitals to Benefit From the Dedicated Focus Shed on Clinical Asset Management

The global market for Medical Imaging Equipment Services is projected to reach US$23.7 billion by 2025, driven by growing pressure on hospitals to reduce operating costs and the ensuing implementation of hospital-wide clinical asset management programs designed to optimally manage the lifecycle of expensive assets via regular, cost-effective maintenance, monitoring and upgrades.
Medical imaging equipment play an indispensable role in modern healthcare practices, contributing significantly to the improvement in overall patient care. Factors such as aging population, increasing incidence of various diseases, rising focus on preventive healthcare, growing investments in healthcare infrastructure and rising volume of diagnostic procedures are driving demand for medical imaging equipment. Medical imaging equipment services refer to a wide array of services including repair and maintenance of medical imaging equipment, which are critical to routine and profitable operations of healthcare es…

Rising Toxic Piles of E-Waste Amid Rapid Technology Obsolescence Raises a Red Flag, Prodding Regulatory Authorities to Take Timely Action & Tighten Recycling Norms

The global market for Electronics Recycling is projected to reach US$42.9 billion by 2025, driven by rapid technology obsolescence and shorter product replacement cycles, concerns pertaining to environmental degradation and health due to e-waste, urgent need for stringent end-of-life regulations and the ensuing tightening of recycling norms. Since electronic waste (e-waste) or e-scrap represents one of the world’s fastest growing waste streams, its recycling is being promoted with the promise of reclaiming valuable materials such as platinum, gallium, gold, silver and copper from the recycled electronics. While e-waste has been a part of the waste management industry for a long time, the speed and volume of discarding old devices has increased at alarming proportion only in the recent years, thanks mainly to the shortened product lifecycles of electronic devices. Continuously evolving technology and emerging innovations are driving proliferation of consumer electronics, including smart…

Growing Use of Wood in Residential and Commercial Construction Continues to Drive Demand for Wood Preservative Chemicals

Global market for Wood Preservative Chemicals is projected to reach US$2.6 billion by 2025, driven by the increasing use of wood and wood products in construction industry, and the subsequent need to protect wood against deterioration. Wood is among the most indispensable natural resources, and plays a vital role in a variety of human activities including construction of buildings and furnishing interiors. As an important and economical construction and building material, wood is used in a wide range of indoor and outdoor applications in residential, commercial and industrial sectors. However, with wood prone to decay and decomposition and also at risk from fire, wood preservation products including chemicals are used for protecting wood and wood products against attack by bacteria, fungus or insects, and prolonging its life.
Global market for wood preservative chemicals continues to be driven by the rising demand for wood and wood-based products from varied applications and the need t…

Technology Advancements Leading to Consumer Convenience to Drive Strong Growth in the Global Vending Machines Market

Worldwide installed base of Vending Machines is projected to reach 31.7 million units by 2025, driven by expanding urban population looking for convenience and variety in product choice; advancements in technology and payment options; micro-market vending; favorable trends in food consumption leading to retailing infrastructure; and advent of smart and connected vending machines.
Vending Machines (VMs), designed to dispense consumer products and other goods and services, are commonly used in the automatic retailing market as well as in public buildings, hospitals, gas stations and airports. These machines have witnessed notable evolution over the years and now feature interactive displays, telemetry systems, cashless payment options, face recognition systems, and ID card identification providing convenience to consumer and service providers, ushering an era of intelligent vending solutions. Vending machines have been witnessing increasing installations across both developed and develop…