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 Name : Deeksha Pant
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 Name : Deeksha Pant
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 Name : Shreshtha Dhatrak
Manufacturing units across developing economies will be adopting Industry 4.0 technologies like artificial intelligence, machine learning and robotics to transform operations with the help of semi or fully-automated assembly machinery for achieving cost efficiencies without quality compromises.
Need for automatic and semi-automatic assembly machines
Semi-automated assembly machines will be witnessing a major growth in forthcoming years owing to a steady increase in the production of new and greener automobiles, that will in turn stimulate the demand for automotive components like radiators made on use semi-automatic assembly lines.
TQC Automation & Test Solution offers semi-automatic assembly machines in order to allow a manufacturer to test automotive radiators and enable quality control. Semi-automatic machines are essentially preferred over manual machines owing to the time saving functions. These machines are mostly used by small or medium enterprises for improving the manufacturing process under decent budget, while raising productivity and reducing the operational costs.
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Fully automatic assembly machines will gain favorable traction and influence the business outlook due to use of smart technologies with the combination of cyber-physical systems that help factories become much more productive and energy-efficient. Automated assembly machines eliminate concerns for manual handling entirely and increases output in less time, fostering assembly machine market share globally.
Expansion of automobile and cosmetic manufacturing sectors
Major advances in the robotics technology have initiated the deployment of robotic automation in the automotive segment. Across automotive component plants, assembly machines comprising robots like high speed Delta machines help assemble small components such as motors and pumps. Car assembly involves windshield installation as well as wheel mounting that require automated assembling.
The European Union produced 19.2 million motor vehicles in 2018, which account for around 20% of the total motor vehicle production globally in the year. Companies in the region use advanced technologies for the manufacturing of automotive parts, considerably fueling Europe assembly machine industry size.
With regards to cosmetics packaging applications, equipment like pump priming and leakage testing machines, thin shape lipstick tube assembling machine, finish assembling machines and high-speed mascara bottling equipment run successfully in several multi-national companies. Several such automatic assembly machinery are imported by manufacturers based in Italy, United States, Switzerland and France that have helped the users to enhance their efficiency.
Surging consciousness among people about personal care and perception of beauty standards have increased the demand for cosmetics. Japan is one of the leading markets for beauty products and generated a revenue worth USD 36 billion in the year 2017.
Impact of growing demand in Asia Pacific region
Asia pacific region accounted for nearly 40% of global assembly machine market share in 2018, with countries like India and China reportedly looking to achieve lower manufacturing costs along with less technically skilled labor. Rapid digitization in the region has helped manufacturers expand and scale businesses economically.
Several countries have initiated Industry 4.0 projects for the improvement of manufacturing sectors, including Thailand, Malaysia and Indonesia, each having their own economic agendas.
Companies like Norwalt Design Inc., Hindustan Automation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Humard Automation SA, Haumiller, Extol, Intec Automation and Bystronic Maschinen AG are some of the prominent equipment manufacturers comprising the competitive hierarchy of global assembly machine market.
Players are extensively involved in collaborations and look to acquire other companies to expand their portfolio. For instance, ABB had recently entered into a partnership with Cochin Shipyard, a government owned shipping corporation of India, to be able to provide automated assembly solutions.
Author Name : Riya Yadav
Fraud detection and prevention (FDP) market share is gaining immense momentum due to increasing cases of corporate economic theft and other financial crimes which lead to considerable revenue losses. Additionally, growing demand to track and secure real-time transactions is driving technological advancements in the field of digital payment, adding impetus to global fraud detection and prevention industry trends.Several government initiatives aim at securing online financial transactions carried out by the citizens and are spreading awareness about e-payment fraudulence along with levying stringent regulations.The burgeoning e-commerce sector is substantially driving the digital payments domain and providing opportunities to people involved in fraudulent activities. The e-commerce market in emerging countries is particularly ripe for the taking, with Indian e-commerce sector itself projected to surpass USD 120 billion by 2020. Rising penchant for online shopping and e-banking will certainly offer lucrative growth prospects for FDP industry.
Enumerated below is a summary of the top trends that are likely to be driving fraud detection and prevention market outlook over 2019-2025:
Increased deployment of fraud analytics
Growing number of cases of fraud in the banking, corporate, and e-commerce sectors is steering the demand for a reliable and accurate fraud detection systems in order to control the economic losses. Lately, fraud analytics has gained increasing demand as an effective FDP technology to help enterprises track or predict wrongdoings.
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Fraud analytics comprises an amalgamation of analytic technology coupled with human interaction that assists in the detection of possible fraud or theft. Fraud analytics help in identifying hidden patterns, facilitate data integration, harness the unstructured data, enhance the existing efforts and facilitates real-time alerts and reporting, thereby making them an integral component of fraud detection and prevention market.
Application in credit and debit card frauds
Rising dependence on plastic money globally is intensifying the global FDP market scope. According to reports, as of 2016, the total value of card payments recorded in the U.S. was estimated at USD 5.96 trillion. In terms of numbers, credit cards segment had recorded a remarkable growth rate at 10.2% while debit cards grew by 6%. Evidently, there has been a rise in the adoption of credit and debit cards among people, raising the probability fraud.
There are several forms of credit and debit card frauds such as:
- Counterfeit card fraud
- Card ID theft
- Fake card
- Card Not Present (CNP) fraud
- Manual or electronic card imprints
The government and many key industry players are undertaking initiatives to spread awareness among the people regarding card usage and precautions that must be followed. The Reserve Bank of India, for instance has laid down guidelines to strengthen electronic banking transactions with an aim to facilitate customer protection. Growing demand for debit and credit cards has led to an increased adoption of fraud detection and prevention solutions.
Growing adoption in the banking sector
Increase in employment levels have led to a rise in disposable incomes worldwide, propelling the banking industry globally. Banking sector is witnessing rising demand for online services and credit cards in Asian countries like Japan, China, India, among others, owing to the rise in industrialization and globalization.
As per reports, for the fiscal year 2017-18, the total bank deposits in India increased at a notable CAGR of 11.66% and was slated to increase rapidly in the forthcoming years. Rising demand for a robust digital banking infrastructure has given rise to technological innovations such as IMPS, NEFT, mobile banking and other forms of digital payment methods.
Suring bank fraudulence in terms of check tampering, credit and debit card fraud cases, cash transaction monitoring and incorrect accounts keeping may lead to huge economic losses to countries. A burgeoning banking sector will undoubtedly complement the global fraud detection and prevention industry forecast.
Financial market trends in North America
While the demand for FDP services has been rising across several regions such as Europe, MEA and APAC, North America is likely to emerge as one of the more profitable revenue terrains for fraud detection and prevention industry share.
The financial and insurance sector in the U.S. was valued at USD 1.5 trillion and represents one of the most liquid financial markets in the world.
The robust financial sector in North America is experiencing increasing attempts at financial frauds and thefts. Reportedly, over 74% of the financial institutions based in North America have reported online or mobile fraud losses. It was estimated that by 2022, the financial organizations would spend over USD 9.3 billion annually on tools for fraud detection and prevention.
The presence of global financial multinationals as well as leading security service providers in North America will significantly amplify fraud detection and prevention industry size in the years ahead.
Author Name : Shreshtha Dhatrak
Escalating demand of coatings in construction and expansive growth of the construction industry are anticipated to boost glycidyl methacrylate market size over 2019-2025. Efforts by the glycidyl methacrylate industry players to expand business and revenue share will support market growth. Manufacturing units and printing sectors that extensively use the chemical compound for its excellent properties are also expected to contribute in the expansion of glycidyl methacrylate market.Some of the top trends which will influence the glycidyl methacrylate market by 2025 are mentioned below:
Printing sector is likely to offer impetus to the glycidyl methacrylate market outlook over the forecast period:
Global printing ink application market size from the <97% purity segment exceeded $2.15 million in the year 2018. The expansion of glycidyl methacrylate market can be credited to significant population growth and growing glycidyl methacrylate uses from packaging and paper media. Glycidyl methacrylate is extensively used as a latex binder and adhesive in printing ink production. In times to come, the printing sector is expected to prove itself a strong end user for glycidyl methacrylate adding significant growth impetus to glycidyl methacrylate market.
For instance, in India, paper printing has been noted to be one of the fastest growing sectors. It has been claimed that since 1989 the growth of printing coupled with packaging printing sector is more than 14%. India has 49,000 publications from which annual revenues totals to around $1.1 billion.
The Indian printing sector, growing at a rate of 12% per annum, comprises more than 250,000 printing companies. The current annual turnover of printing industry in India is over $11 billion. Incidentally, India is the country with largest number of printing presses in the world.
In recent years, the printing sector in India has witnessed record levels of growth, due to globalization, progress in automation, and liberalized regimes. The segment has grown by leaps and bounds due to the introduction of latest machinery and technology, production capacities, and quality standards. Also, the Indian government has been encouraging foreign direct investment into the printing sector. A number of global companies have been investing in the printing sector due to favorable working conditions.
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According to the prominent studies, publishing printing, commercial and marketing printing, and print packaging, are some of the supporting domains which account for a majority of the worldwide printing market. With the contribution of all these domains, printing industry has been projected to expand from $389 billion in 2017 to $421 billion in 2020, increasing 2.7% on average per year, a growth which is projected to reflect on revenue share of glycidyl methacrylate market as well.
Auto production will influence glycidyl methacrylate market growth in future:
Global manufacturing unit glycidyl methacrylate market share from >=97% purity segment will surpass $95 million by 2025 owing to the thriving automotive, electrical & electronics, food & beverage, metals, and chemicals sector. Wide usage of glycidyl methacrylate in automotive sector is going to significantly promote the growth of glycidyl methacrylate industry by 2025 as the automotive industry continues to expand.
For instance in America, automobile production of 20.8 million units in 2018 represents a 21% share of the global production. In Mexico and the United States, production remains high owing to demand for light duty trucks (+4%). In South America, Brazil has represented significant contribution towards automotive industry with 5% growth.
Also, Asia-Oceania still represents more than half of the global production with auto production of 52.5 million units. The African continent shows a marked growth of 12%, to 1.8 million in 2018 with the substantial contribution of Algeria (+17%), South Africa (+4%), and Morocco (+18%).
The U.S. glycidyl methacrylate market share from <97% purity segment is expected to register a CAGR of 9.5% over 2019-2025. The growth of the regional glycidyl methacrylate industry can be accounted to adhesive applications pertaining to rising demand for composite joints from automotive, aerospace and consumer packaging segments.
Glycidyl methacrylate market players are working to expand their footprints:
With considerable efforts of glycidyl methacrylate industry majors to expand their market share worldwide, the business has been experiencing significant progress. Companies have been planning various strategies like, acquisitions, launching new products and plants, market flotations etc. to spread their business globally.
For instance, in 2018, Dow Chemical Company announced the launch of its coating materials plant in western China. The new facility, situated in the Cheng Mei Petrochemical Zone, around 50 kilometers from Chengdu, would be producing additives and acrylic emulsion to answer the growing demand of architectural, constructional and industrial coating segments.
Expanding printing sector owing to not only publication but growth of ecommerce, growing automobile production and increasing application of glycidyl methacrylate in these segments is among the factors affecting glycidyl methacrylate industry. According to a latest research report by Global Market Insights Inc., glycidyl methacrylate market share is set to exceed $250 million by 2025.
Author Name : Anchal Solanki