3 pivotal trends propelling the global lead market size

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Burgeoning demand for batteries across the automotive sector in tandem with the rising requirement of power backup systems in communication centers will stimulate lead market growth. Escalating efforts towards enhancing the efficiency of grids and the subsequent expansion of microgrid networks will also boost the industry landscape.

Additionally, the rising prevalence of blackouts across several regions with limited electricity availability alongside peak load demand compensation will foster elevated demand for the product.

As per Global Market Insights, Inc. estimates, the global lead market size is expected to exceed $27 billion by 2025.

Shifting focus towards lead recycling in Europe

The lead market in Europe is expected to witness appreciable gains during the forecast period as a result of abundant growth in the automotive industry in addition to the increasing number of data centers. Regulatory authorities as well as industry players including Ericsson, Deutsche Telekom and Telia Sonera among others are providing considerable investments towards internet connectivity improvement in Western Europe and the Nordic region.

The steady paradigm shift towards lead recycling and flourishing secondary production in the region will significantly bolster the Western Europe lead industry landscape. Likewise, the EU has several mandates in place for the production, utilization and reuse of batteries, in line with the EU Circular Economy, supported by a well-performing and reputable closed loop recycling system. This system includes the production of automotive batteries, 99% of which are collected at the end of their lifespan and recycled for further purposes.

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Rising demand for starter batteries from automotive sector

In 2018, the lead industry size from batteries recorded revenue of over $19 billion, owing to extensive lead demand across myriad sectors including the automotive and telecom sectors.

In motor vehicles, lead is the primary component of a starter batter while in electric vehicles traction batteries provide efficient emergency power backup in telecom and computer systems. Growing demand for electric vehicles due to strict legislative regulations and favorable policies pertaining to emissions and environmental impact will add impetus to the lead market growth. These shifting preferences towards environment-friendly vehicles and booming investments towards mining activities are key factors fueling industry expansion.

However, escalating incidents of lead poisoning due to consumption across numerous applications are likely to impede industry expansion. For example, the Consumer Products Containing Lead Regulations (CPCLCMR), has restricted lead usage in several consumer products in Canada, with the intention of curtailing direct lead exposure. Additionally, lead use has been cut down in the production of solders, pigments & compounds, electrical equipment and cable sheathing, which may hamper the lead market share.

Dearth of reliable electricity sources in the MEA region

Increased funding for metal and mining activities in the Middle East & Africa regions, in conjunction with higher emphasis on obtaining private investments will impel the lead market outlook. As a matter of fact, the MEA lead market size is expected to register gains of over 5% through 2025.

Unstable electricity access across many African nations has led to a considerable surge in demand for efficient power backup systems, which will in turn drive the demand for lead acid batteries. As of 2019, according to World Bank reports, more than 573 million people living in the sub-Saharan African region are facing a shortage of electricity.

Author NameSaloni Walimbe

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Top 3 trends impelling the EV charging infrastructure market outlook

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The EV charging infrastructure market share is expected to witness considerable momentum from the budding alliances amid major companies such as Nissan and BMW. In addition, burgeoning demand for electrically-fueled, low emission and energy efficient transportation systems will augment EV charging infrastructure industry trends.

Stringent regulatory policies and mandates pertaining to environmental wellbeing and the rampant penetration of electricity-based clean-energy vehicles gaining widespread popularity are also expected to expedite market growth to a great extent.

Likewise, persistent R&D efforts, technical innovations, and growing financial interest in infrastructure development will further bolster EV charging infrastructure industry outlook.

As emissions from on-road diesel-based vehicles continue to surge, several regulatory mandates have been initiated in order to encourage the implementation of alternate-fuel based vehicles, which will in turn augment EV charging infrastructure market demand. Furthermore, the advent of numerous state and federal purchase incentives has mitigated up-front costs for these vehicles thereby bridging cost-gaps with gas driven vehicles.

The transition towards zero-emission transport is bolstered by escalating taxes on carbon-intensive oils alongside location and distance-specific charges, thereby propelling industry expansion.

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Shifting preferences towards sustainable and energy-efficient transportation systems in Germany

The Germany EV charging infrastructure market trends are expected to proliferate immensely owing to the stringent regulations regarding the influence of GHG emissions on environmental and human well-being.

Proliferation of fuel costs and the subsequent rise in adoption of electric vehicles are likely to foster market development. For instance, the IEA (International Energy Agency) estimates that EV installations will grow twofold from 60 million to approximately 125 million by 2030, asserting a positive impact on infrastructure advancement.

The industry landscape will be further enhanced due to emission reduction and efficient, peaceful transit as a result of the shift from diesel buses to their electric counterparts.

Rising demand for better EV charging infrastructure in the Netherlands region

Technological evolution geared towards the adoption of efficient EV charging stations with significant cost-savings is likely to impel market dynamics. In fact, the Netherlands region is expected to witness a surge in installation exceeding 200 thousand units by 2025.

Installations of EV equipment in the region will also be accelerated owing to rampant progressions in machineries for speedy charging processes and better energy production, storage and management. Myriad financial incentives such as rebates and tax credits for vehicle and charging points are also likely to stimulate electric vehicle charging infrastructure market growth.

Prolific advantages of DC charging towards higher ecological sustainability

DC charging is projected to increase owing to pivotal characteristics including energy storage, grid connection and the ability to send and receive signals of utility pricing. Advantageous regulatory norms & initiatives along with subsidy & grant support and tax rebates will boost charging equipment demand for electric vehicles.

In addition, the rising need for fast & ultrafast DC station installations, including, CCS, Tesla Superchargers and CHAdeMO, will augment the industry growth. Industrial development, heightened awareness of environmental conservation characterized by elevated demand for energy-efficient systems will further stimulate electric vehicle charging infrastructure market share.

Based on Global Market Insights, Inc. estimates, the EV charging infrastructure market size is set to exceed $46 billion by 2025.

Author NameSaloni Walimbe

4 major trends impacting bucket trucks market forecast over 2018-2024

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Bucket trucks market size is garnering increased momentum demand all over the world, from the rapid growth of the construction sector as a result of investments in infrastructure development projects. Considerable increase in the global population has resulted in large-scale urbanization over the past few decades, which is driving the demand for smart and sustainable infrastructure solutions.

These utility vehicles facilitate easy lifting of people in the air or at heights where ladders cannot be used, or the use of ladders is unsafe. However, the maintenance of these trucks is quite a complex task that involves a number of steps such as checking the working condition of battery, engine, power steering, transmission and wheels. Higher maintenance costs may impact bucket trucks industry trends in the coming years.

Regulatory authorities such as ANSI and OSHA are enforcing norms that require utility vehicles to undergo regular inspections. This helps ensure operator safety and optimizes performance. Following are some other prominent trends that are anticipated to propel bucket trucks industry outlook over 2018-2024.

  • Booming global utility sector

Fast-growing world population has gradually fueled the demand for high-quality reliable power. Governments in many regions around the world are making investments to upgrade their existing grid infrastructures. Increasing number of grid development projects will certainly accelerate the demand for insulated bucket trucks in the near future.

These trucks find widespread use in the utility sector. They facilitate safe conveyance of linemen to large heights where they perform tasks such as maintaining, improving and managing electric power distribution and telecommunication network.

Surging demand for these trucks from the utility & power sector will provide tremendous growth opportunities for bucket trucks market size.

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  • Growing deployment in telecommunications

Proliferation of smartphones worldwide is adding up to the demand for enhanced and seamless connectivity. Several regions are increasingly spending on telecommunication infrastructure development projects to address this burgeoning demand.

Presence of major telecom companies in developing economies and their efforts to upgrade existing network is assisting the business growth.

Global bucket trucks industry is gaining immense traction on account of extensive use in the telecommunication sector. These trucks are available in various designs and the sturdy built of these trucks makes them best-suited for a range of applications in the telecom sector.

  • Increasing construction activities worldwide

Several countries in Europe, Asia Pacific and the Middle East are focusing on refurbishing the existing infrastructure. These countries are undertaking large-scale residential as well as commercial construction and renovation projects to meet the ever-growing demand for commercial buildings and houses.

Ongoing refurbishment projects such as The Al Maktoum Airport project in Dubai and Beijing Airport project in China, as well as upcoming construction projects like Jubail II, the industrial city project in Saudi Arabia, are a few examples.

Asia Pacific countries including China and India are favoring reliable lifting equipment over conventional machines to ensure operator safety, which will complement bucket trucks market outlook over the projected timeline.

  • Economic growth in Europe

Presence of major rental companies such as Haulotte Group, Riwal and Kiloutou in the U.K. is anticipated to promote the regional growth. Utility & power and telecommunication sectors in the region are expanding at a rapid pace.

Flourishing construction sector in the region will present new opportunities for market players, from consistent need for hazardous development, repair and maintenance works. UK construction sector is increasingly focusing on replacing conventional construction equipment with advanced lifting equipment.

However, the impact of the country’s decision to leave the European Union (EU) may create market risks for certain companies. Further, continuous slowdown in the international trade along with geopolitical uncertainties may impede the regional demand up to some extent, impacting bucket trucks market size.

Author NameHrishikesh Kadam

3 major trends to be observed in North America and Europe leaf blower market by 2025

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Growing prevalence of landscape modelling culture in developed nations will bolster North America and Europe leaf blower market. Lawns have long been considered central to the American landscape for their value for promoting health & relaxation; they are commonly adopted by hospitals, in order to reduce patient recovery time and by organizations, to improve well-being of their employees.

A well-maintained turf provides substantial cooling effect. For instance, the turf from as few as 8 medium-sized front lawns can provide cooling comparable to air-conditioning for 18 homes.

Golf courses, playing fields and parks benefit from the cooling effect and the cushioning effect from well-maintained turf that results in reducing injury from playing that can occur on harder surfaces.

According to Department of Revenue, Washington State’s lawn-garden supplies and equipment revenue amounted to around $291.8 million in 2017, which witnessed an increase of 19.7% from the previous year. Increasing demand for lawn-garden equipment is estimated to drive the leaf blower market over 2019-2025.

Following below is a list of factors influencing North America and Europe leaf blower market trends:

Growing prevalence of home lawns and gardens to augment North America and Europe leaf blower market:

Lawns and gardens are a significant part of the modern American lifestyle. Well maintained turfs increase the property value, contribute to social harmony, compliment other landscape elements and are a status symbol for many. With growing trend of well-maintained home lawns and gardens, requirement of a significant number of lawn and garden equipment for maintenance of the same is also increasing.

In 2018, residential gardens and lawns generated a revenue of over $350 million. The ageing and retired population will be key drivers of gardening sales owing to idle time utilization in gardening activities. Moreover, the baby boomer generation reaching the retirement age is also expected to provide significant push to the gardening equipment market augmenting North America and Europe leaf blower market.

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Cord-less leaf blowers are rapidly penetrating the North America and Europe leaf blower industry. They come with a rechargeable lithium-ion battery that you can be used for up to 35 minutes, to clean a small or medium-sized garden. They are also equipped with a removable blower, that does not require much space for storage.

Home lawns and gardens, however, are just part of the picture. There are innumerable turfs in golf courses, athletic fields, parks and business parks across the North America and Europe, most of which require considerable maintenance. The turfgrass industry is estimated to be worth around $40 billion, which includes a broad array of sod farms, equipment, manufacturing and maintenance. Much of the North America and Europe leaf blower market share is expected to be garnered from increasing intensity of turf management industry.

Grass field maintenance to augment North America and Europe leaf blower market outlook:

Deterioration of the playfield surface quality, which lead to cancellation or postponement of games and training are problems that occur in outdoor games. But with dedicated plans for a healthy playfield surface that can be achieved with the help of gardening instruments, this problem is being managed and is reducing the incidence of forced cancellations.

Artificial turf industry is also gaining traction, owing to product utilization for playfields and recreational purposes. Playfields utilizing artificial turf meet better safety requirements. Artificial turfs are installed adequately without giving up the natural look of grass. They offer a cushioned surface that helps in absorbing shock and potentially minimize the severity of fall injuries. Artificial turfs are easier to clean, and their increased adoption will also add impetus to North America and Europe leaf blower market expansion.

Increasing adoption of leaf blowers for commercial use:

Leaf blowers are designed to efficiently push leaves and litter into manageable piles, so that they can be collected and composted. They are ideal for keeping parks, stadiums, gardens, and streets neat and tidy.

Oak trees and abundant in North America and Europe but in the fall, oak leaves cover the lawns, yards, streets and swimming pools with a generous layer of leaves.  Oak-nuts become a hazard on the sidewalk or footpaths around the streets and residential area. Leaf blowers are a significant gardening product for North American & European landscapes for managing leaf litter in these regions.

Leaf blowers stand out as great tools for removal of leaves, weeds and other debris without damaging the grass. The leaf blower market is gaining traction owing to extensive commercial usage in corporate office lawns, swimming pools, spas, garden ponds, historical buildings, etc. Gas type leaf blowers are likely to account for one-third of the overall leaf blower market by the end of the forecast timeline.

Growing prevalence of lawn-garden maintenance, increasing suburban landscapes and growing application for commercial use is estimated to add impetus to the leaf blower market. As per Global Market Insights estimates, North America and Europe leaf blower market size may surpass $1.6 billion by 2025.

Author NameAakriti Kakkar

Top 3 trends fostering solar district heating market outlook

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Solar district heating market forecast is expected to depict a major rise owing to increased urbanization along with population growth and continuously increasing heating demand across the world. District heating is one of the most vital concepts that helps in improving the overall energy efficiency of a community and allows incorporating a higher proportion of renewable heat. With the constantly rising energy prices and increasing expectations of comfort and indoor climate control, solar district heating industry outlook is poised to witness robust growth over the next few years.

It has been observed that buildings consume a vast amount of conventional energy and substantially contribute towards fossil fuels emissions, coercing many countries to plan for introducing policies for minimizing the consumption, by transitioning buildings into more energy efficient structures. Governments are playing a major role by implementing stringent regulations to focus on integrating renewables into existing energy systems. Enumerated below are certain trends outlining the prospects for global solar district heating industry share.

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Consumption behavior in the commercial and residential sectors

The use of solar energy has been critically important for commercial buildings such as malls, big-box stores, and office complexes. Natural gas and conventionally generated electricity have become the most common sources used in commercial spaces for cooling and heating purposes. Utilities are gradually shifting their preferences towards renewable energy sources for district heating and cooling that help in meeting rising urban energy needs and providing cost-effective option to commercial and residential buildings.

Prominent reports suggest that global residential solar district heating market is likely to reach a valuation of USD 3 billion by 2025. In August 2019, Savosolar has reportedly signed an agreement with a French based company Kyotherm Solar to deliver a solar heating system in Issoudun France. Savosolar will provide the largest part of the solar thermal plant and the construction and system delivery will begin during autumn 2019, with handover projected to start around spring 2020. Similar developments and increasing R&D activities help in utilizing solar energy more efficiently, propelling solar district heating market size.

Rising renewable energy expenditure in Asia Pacific region

Asia is one of the fastest growing regions in the world in terms of energy demand to fuel its increasing pace of economic expansion. Emerging economies like India, China, and Japan are adopting advanced methods for renewable energy deployment and placing them at the forefront of the energy transition. Countries like Japan have numerous district heating and cooling operators presently working across the country to meet varying consumption trends.

The government of Japan is accelerating efforts by massively spending on green innovations and promoting private and public partnerships to make the public aware about environmental preservation and economic development, augmenting opportunities for solar district heating industry. In 2018, Daiwa House in Japan had commenced its first energy self sufficient office, the first in Japan to use renewable energy and conduct verification testing and experiments for energy efficiency. Introduction of similar commercial buildings will foster possibilities for renewable-based heating and cooling.

Expansion of renewable energy infrastructure globally

Energy intensive industries like chemical, refinery, and paper sectors represent over 80% of the total global electric combined heat and power (CHP) capacities. Additionally, industries are directing rigorous efforts towards increasing the deployment of renewable energy technologies and providing local manufacturers a large scope of making efficient use of resources through favorable cost reductions.

In August 2019, Statkraft, a Norwegian state-owned hydropower company had acquired Airvolution Clean Energy, an onshore wind developer, for holding a 1.2GW renewables portfolio in the UK by 2025. The agreement has been made with the aim of deploying 600MW of solar power and onshore wind in the UK. With the initiation of these strategic agreements along with various government aided schemes, district heating and cooling systems can enjoy reliable sources of energy.

With the majority of technological advancements and investments in the developing smart and energy-efficiency cities, the demand for district heating and cooling systems will rise considerably. Investment in renewable energy is rapidly expanding across the world to tackling global warming. Favorable government policies along with strategic mergers and acquisitions to expand production capacities will be profitable for utilities looking to accelerate solar power adoption. According to Global Market Insights, Inc., solar district heating market size is expected to surpass USD 7 Billion by 2025.

Author NameDeeksha Pant

3 major trends fueling global medical tourism market size

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Global medical tourism market size is slated to witness an exponential growth owing to higher prevalence of chronic diseases among people of all ages, along with excessive rising healthcare costs in developed nations. Nowadays, emerging economies such as India, Thailand, and Brazil have increasingly become a favored destination for medical tourists.

Essentially, these countries provide health care services with cutting-edge technology comparable to the advanced treatments offered worldwide, besides offering same quality treatments at more affordable price. Cost-effective treatment options and personalized care will become significant drivers expanding medical tourism market outlook.

Described below are some notable factors projected to impact the growth of medical tourism over the next few years:

Rising prevalence of cardiovascular disease in North America

According to reports, cardiovascular disease has become an underlying cause of death in the United States. Nearly 47% Americans exhibit at least one key risk factor for heart disease, such as diabetes, obesity, blood pressure, among others. However, high level of expertise and low treatment costs in developing countries have become an attractive option for foreigners who need surgeries, without much strain on their pocket.

Modern hospitals, advanced treatments, and proficient doctors in Asian countries are becoming lucrative choices for cost-effective medical treatment, which boosts the economy of a country and  inadvertently fuels the development of healthcare services.

In terms of technological intervention, many big hospital chains and medical equipment providers in developing nations are contributing towards newest innovations in terms of addressing cardiovascular diseases, like the introduction of AI-powered cardiovascular disease risk score API by Apollo Hospitals, in association with Microsoft, to predict the risk of cardiovascular disease among people.

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Adopting innovative developments into healthcare services will influence more medical tourists to visit other countries for affordable treatments, without compromising on quality, which will proliferate medical tourism market size over the coming years.

Consumption of medical treatments and procedures in India

Medical tourism has become a key growth sector for India as healthcare segment in the country excels in using the most advanced technologies on par with nations like the U.S. and has numerous accredited healthcare providers. With the rising trend of tourists for medical treatments, many companies are bringing out more simplified and easier options for them by offering complete packages inclusive of high-quality treatment, traveling cost and ease of communication.

Expatriates living in North America and Europe, still having family connections in India, increasingly prefer to travel to the country for heart and other crucial surgeries. Reports suggest that India medical tourism market will bring significant opportunities with a profitable 11.3% growth rate through 2025.

In March 2019, India and the Africa union had signed an MoU to strengthen the cooperation in healthcare sector. The MoU will bring cooperation in the areas of capacity building, research and development, health services, pharmaceutical trade and manufacturing capabilities for drugs and diagnostics. Such initiatives will bolster global health research and address regional needs, creating remarkable prospects for medical tourism industry.

Increased demand for affordable cosmetic surgeries

According to American Society of Plastic Surgeons, in 2018 around 18 million people underwent surgical and minimally invasive cosmetic procedures in the U.S. With a surge in the number of cosmetic procedures and plastic surgeries, cosmetic surgery practitioners in countries like Brazil and Thailand are offering all kinds of procedures at comparatively cheaper rates.

Number of cosmetic transformations and plastic surgeries such as eyelid surgery, tummy tucks, breast augmentation, among others are continuing to increase in developed nations, but high costs are driving people towards lower economy markets. With the spread of social media platforms and increased image consciousness among women, aesthetic enhancements have become a common trend.

It has been observed at cosmetic procedures among men has also increased at a faster pace over the last few years, which will provide significant consumer base for medical tourism market players.

Consistent R&D efforts, innovations, and cost-effective treatments will help fuel the demand for surgeries in developing countries. Key players in medical tourism industry include Max Healthcare, Manipal Hospitals, Narayana Health, Mount Elizabeth Hospitals, KPJ Healthcare Berhad, Raffles Medical Group, among several others.

According to a latest research study by Global Market Insights, Inc., global medical tourism market is anticipated to be worth more than USD 30 billion by 2025.

Author NameDeeksha Pant

3 major trends influencing prenatal vitamin ingredients market share

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Increasing health concerns among pregnant women coupled with changing lifestyle preferences are fueling prenatal vitamin ingredients market size, through the dependence on vitamins supplements for proper prenatal care. Continuing cases of birth defects and abnormalities among newborn babies has driven the need for ensuring necessary nutrition is provide during pregnancy, offering substantial consumer base for prenatal vitamin ingredients and associated products.

Poor healthcare and lifestyle facilities across developing countries have urged governments to take adequate steps and ensure prenatal health among women. For instance, in India over 66% of the population lives in rural areas away from proper healthcare facilities especially for pregnant women. India’s Janani Suraksha Yojana (JSY) is a scheme established under Ministry of Health and Family Welfare’s National Rural Health Mission, which focuses on lowering maternal as well as neo-natal deaths by facilitating institutional delivery for poor pregnant women.

Reportedly, in India out of 28 million pregnancies every year there are over 1 million cases of neonatal deaths. Lack of provision of maternal and newborn care in such regions is steering the expansion of prenatal vitamin ingredients market share.

Additionally, with the changing perspective towards healthy living, the dependence on vitamin supplements is also increasing in order to facilitate a balanced diet among pregnant women. Reportedly, over 97% of the women in the U.S. who had earlier been pregnant or were pregnant in 2017, aged between 18-45 years, took prenatal vitamins to ensure their own health and that of their babies.

Described below are some factors expected to impact global prenatal vitamin ingredients industry trends:

Growing need for consumption of iron

Adequate intake of iron supplements is essential to prevent maternal anemia, low birth weight, preterm birth and puerperal sepsis. As per data from World Health Organization, in 2016 over 40.1% of pregnant women globally were anemic. Iron supplements during pregnancy are beneficial for the growing fetus and placenta, along with resulting in increased blood cell mass. At least 27 milligrams of iron is required per day to ensure good nutrition among pregnant women and newborn babies.

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Additionally, iron deficiency may also lead to cases of preterm or premature birth. In 2017, 1 in every 10 infants born in the United States were premature. A preterm birth may prove to be extremely harmful for the newborn baby as it may lead to complications like cerebral palsy, breathing problems, vision impairment, developmental delay or hearing problems.

Undoubtedly, the importance of iron consumption to ensure the health of pregnant women and newborn infants is providing increased impetus to prenatal vitamin ingredients market forecast.

Essential for bone heath development

Growing frequency of osteoporosis among pregnant women and poor bone health in newborn infants is driving the need for robust prenatal care. Increased chances of fractures during pregnancy is propelling women to add vitamin supplements to their diet. Reportedly, during the last phase of pregnancy, bone resorption and calcium mobilization are increased which possess threat of osteoporosis and fractures for women.

Lack of adequate bone health among newborn babies could severely threaten their long term health through conditions such as, osteopenia that can cause bone to be brittle and weak, increasing the risk of broken bones.

Evidently, growth potential for prenatal vitamin ingredients industry is derived from vital application of vitamins in fueling bone health development among both pregnant women and newborn infants.

Expansion of APAC healthcare industry

Asia Pacific is regarded as the most populous region worldwide, with China leading the chart followed by India, as evidently the birth rate is considerably high in the region. The high birth rate has considerably driven the evolution of healthcare sector in APAC, especially with respect to mother and childcare.

Government initiatives to ensure the safety of pregnant women along with their newborn babies are magnifying prenatal vitamin ingredients industry outlook. In India, several government and non-government initiatives aim at spreading awareness among the citizens related to healthcare for pregnant women and newly born.

The Ministry of Health & Family Welfare, Government of India had launched an initiative focusing on providing comprehensive and enhanced antenatal care, without any cost to all the pregnant women in the country. The program also assures a minimum package of prenatal care services to women at government run healthcare facilities.

Evidently, initiatives taken by regulatory authorities to spread awareness among people regarding the necessity of nutritional and physical care will substantially expand prenatal vitamin ingredients market size globally over the coming years.

Author NameShreshtha Dhatrak