Global resin capsule market trends are poised to gain immense momentum over the forecast years, due to excessive demand from the mining and construction industry. These materials are primarily used as anchoring medium for cables and rock bolts to deliver roof and sidewall support during underground activities. An upsurge in construction and mining activities across the globe will primarily impact resin capsule market share.
U.S. Resin Capsule Market, By End-User, 2014 – 2025 (USD Million)
Mining is one of the primary end-user of resin capsules, thus, growth in the global mining and metal industry will proliferate the demand for resin capsule in mining. Resin capsule in mining enables easy installation of roof support and decreases the possibility of human errors. Implementation of strict safety standards in the mining industry is also likely to impel resin capsule demand over the coming years.
The government of Queensland has reportedly appointed inspectors and is set to implement safety reset across all mines and quarries in the state to prevent mine-related tragedies. Such practices will result in an increasing demand for resin capsules in mining, thereby augmenting global resin capsule market outlook.
Another key factor promoting the utilization of resin capsules in mining is the growing electricity demand across the world. As per the International Energy Agency, worldwide energy demand surged by 2.3% in 2018, owing to economic growth across several economies, and high heating and cooling needs in some regions. The agency also specified how coal use in power generation exceeded 10 Gt. Increasing demand for power generation is a substantial driver for the coal mining industry, which in turn will benefit resin capsule industry size.
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In addition to mining, immense application of resin capsule in the construction industry is also slated to be a creditable driver over the succeeding years. Resin capsules find extensive use in heavy-duty fixing and favor high concrete loads. It is commonly used to construct dams and tunnels since it provides high strength, rigidity, and is easy to install and maintain. Increasing tunnel construction for metros, subways, and rail links will impact market growth in the future.
Finland and Estonia recently signed a memorandum of understanding to construct the 100km Tallinn tunnel underneath the Gulf of Finland. In another instance, Auckland’s $4.4 billion worth City Rail Link project has reportedly signed the tunnel and station contract. Such developments could result in immense resin capsule production, thus augmenting resin capsule market share in the future.
Increasing population and urbanization across the globe will also fuel product demand over the coming years. Owing to urbanization, cities are growing very fast with maximum impact on the housing sector. Also, factors like migration and increasing population impact city structures, encountering new demand for larger buildings and raising the number of infrastructural projects in the urban region. This trend is expected to generate a huge requirement for construction activities, thereby fueling global resin capsule market.
Similar to the mining industry, worker safety regulations in the construction industry is also contributing to product demand. The Indian government recently bought out four labor codes concerning multiple factors including occupational safety and working conditions. Resins help with easy and proper installation during roof support, reducing the chances of a tragedy. Increasing stringency of safety laws will persuade contractors and engineers to prefer more rigid and strong material, which will help drive resin capsule market growth.
Based on geographical growth, the Asia Pacific market is the one of the most profitable grounds for global resin capsule industry. Substantial growth in the region’s mining and construction industry, primarily owing to its growing population will boost market growth in the region. Developing nations like India and China are experiencing rapid urbanization, boosting the demand for housing and infrastructure, which is a key growth driver for the region. Moreover, this trend has also elevated energy demand, thereby impacting the region’s mining sector, which could further expand the region’s resin capsule market size.
As per a recent research report compiled by Global Market Insights, Inc., resin capsule market is projected to exceed 1.07 billion by the end of 2025.
Author Name : Krithika Krishnan
IDS / IPS market to accumulate substantial proceeds from transportation and logistics applications, global industry to be characterized by the launch of advanced threat detection systems
The increasing threat of data breaches and rising proliferation of digitalization have been responsible for driving intrusion detection system market share in the recent years. The last couple of decades have witnessed the technology landscape across various end-use domains to have undergone a massive transformation. Alongside, there has been a vast upsurge in the number of computer networks as well, leading to a major surge in the demand for efficient systems and solutions to counter data threats. The implementation of IDS or IPS in the network system undeniably makes it feasible for the network administrators to assess the accurate location of the threats and then address the same. These systems also help avert further threats from those locations, thereby helping to accelerate the growth graph of IDS/IPS industry.
UK Intrusion Detection System / Intrusion Prevention System Market Revenue, By Type, 2018 & 2025 (USD Million)
Intrusion detection system solutions are known to be rather competent in protecting the integrity of computer networks, maintaining confidentiality, and shielding against malicious attacks prevailing in an organization. IPSs are so designed that they alert administrators about attack attempts, thereby delivering valuable information to businesses about network threats, malicious attacks, devices being targeted and much more. As more and more and more number of companies integrate these systems in their infrastructure to monitor logs and effortlessly extract information to provide further security to their networks, the global IDS industry share is bound to depict an upsurge in the years to come.
For most parts, a score of businesses already boast of having incorporated intrusion prevention systems in their infrastructure. Prominent conglomerates however, thriving in an era defined by consistent digitization and network integration, have been consistently seeking novel solutions by the day to tackle advanced threats and high-level frauds, thereby providing numerous growth opportunities for IPS industry contenders.
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For instance, IBM, a significant IPS market player, boasts of an intrusion detection and prevention system that provides real time security monitoring, a robust network, and efficient analysis of network and services. IBM’s Trusteer pinpoint malware detection system competently detects malware-impaired devices and also governs the type of threat and the potential risks associated with the same. A while ago, by the end of 2018, IBM had also announced its new Pinpoint Verify technology that would provide businesses with an innovative model to combat online frauds with a digital identity trust approach.
Citing an instance of yet another vital IDS market contender, Imperva, it is imperative to state that this company boasts of a suite of cloud web application firewall intrusion prevention solutions that are characterized by features such as two-factor authentication and web application firewall. While the WAF supports the existing IPS through behavioral and reputational heuristics that eradicate malicious incoming requests and other application attacks, the implementation of 2FA gateways for any URL helps choose a verification method and feasibly manage a database of approved users. With the demand for security solutions on a consistent rise, it would not be incorrect to state that IDS industry contenders can look forward to myriad growth opportunities in the years ahead.
The transportation and logistics sector has emerged as one of the most prominent application avenues for the global intrusion detection system market, fueled by the requirement of RFID tags in order to track the location of cargoes from the starting point to the destination. Not to mention, these systems have been gaining traction in this sector on account of the demand for door intrusion and tampering sensors that detect attempts of any type of intrusion in any of the boxes or containers and provide real time monitoring of vehicles and cargoes.
It has been speculated that in the years to come, next-gen IDS solutions will be designed to focus less on recognizing intruders and more toward sensing potentially apprehensive attacks or events. With the help of advanced AI algorithms, IDS market players are expected to brainstorm solutions that will be able to predict attacks beforehand and then provide an effective line of defense as opposed to the traditional approach.
Author Name : Deeksha Pant
India ABS market for automotive POP application to procure massive returns by 2024, increasing product deployment in wheels & emblems to characterize the industry outlook
The ABS market for automotive plating on plastics application has, of late, been experiencing appreciable growth on account of the product utilization in manufacturing automotive grills. Essentially used in automotive systems including front grills, radiator and air conditioning, these grills form a pivotal component of the deployment spectrum of the ABS industry for automotive POP application, owing to the product’s durability and high corrosion resistance.
U.S. ABS Market Size for Automotive Plating on Plastics (POP) Application, By Application, 2017 & 2024, (Kilo Tons)
An influx in the implementation of quality standards in automobile manufacturing has been observed lately, in order to increase passenger safety. Owing to the beneficial attributes of ABS, which includes element rigors withstanding and chemical resistance, the demand for this product has only been increasing in automobile component manufacturing, which will gradually propel the growth of the ABS market for automotive plating on plastics application.
Moreover, supportive initiatives from the governments worldwide, pertaining to the utilization of ABS will further steer the growth of this industry in the years to come. Say for example, the FDI policies implemented by the Government of India have been helping several foreign automotive industry players in establishing manufacturing units in India, thereby boosting domestic production. Given the low labor and production costs, the manufacturing of automobiles in the region would gradually help boost the India automotive industry, the impact of which would be marginally felt across the regional ABS market for automotive plating on plastics application. As a matter of fact, the India ABS industry size for automotive plating on plastics application has been touted to register a CAGR of 7% over 2018-2024.
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The global ABS market trends for automotive plating on plastics application have been touted to thrive successfully in the years ahead, on account of the broad application spectrum of the product in automotive component manufacturing. The paragraphs below offer a precise gist of the application landscape of this industry, that would help justify the remuneration that the global ABS market for automotive plating on plastics application is estimated to garner by 2024.
Unveiling ABS market trends for automotive plating on plastics application from wheels:
The deployment of ABS in wheel production is expected to majorly propel this industry in the years to come – indeed, wheels are anticipated to emerge as one of the most lucrative application avenues for the ABS market for automotive plating on plastics application. Citing a regional instance, driven by heavy investments, the tire industry in India contributed to around 3% of the manufacturing GDP, while the whole automotive sector accounted for 7.1% of the GDP and about 49% of the country’s manufacturing GDP in FY 2015-16. This inherently proves that tire manufacturers in India are on the verge of modernizing their production methods, powered by the demand and supply graph, which has been found to have a direct impact on automobile sales. The trend has indeed been found to have a global presence, indicating that the demand for ABS to be used in wheels will only serve to increase in the years ahead, majorly driving the overall ABS industry for automotive POP application from wheels.
The latest trends in the automotive space also include an extended focus on better traction and low rolling resistance to increase on road performance and fuel efficiency, and inclusion of more radials that consume less fuel. This has necessitated the incorporation of several advancements in tire manufacturing, driving the ABS market size for automotive plating on plastics application from wheels.
Unveiling ABS market trends for automotive plating on plastics application from emblems:
As per reliable reports, the demand for ABS in emblem manufacturing is forecast to consistently increase in the years ahead. Quite overtly, this growth could be accredited to the massive expansion of the automotive industry that has been demanding enhanced emblems of late, pertaining to changing consumer demands. Given that these components are basically deployed by automobile manufacturers to showcase the brand logo and attract a wider consumer base, it has become vital to ensure high-grade aesthetics and advancements in product design and development.
Several global emblem manufacturers like Elektroplate, Billet Badges, and more, are found to have been engaged in designing and manufacturing custom badges and emblems. This has consequently surged the demand for ABS for POP application given the attributes of ABS such as a glossy finesse, light weight, and easy adherence to metal. As per estimates, the global ABS industry share for automotive POP application is anticipated to register a CAGR of 6% over 2018-2024.
Endorsed by a broad application terrain, the ABS market for automotive plating on plastics application is estimated to showcase a highly profitable remuneration graph in the upcoming years. As per estimates, the valuation of ABS market for automotive plating on plastics application would cross US$2 billion by the end of 2024.
Author Name : Saurav Kumar
Well intervention market to be driven by the increasing number of matured oil fields, global industry valuation to be recorded over USD 18 billion by 2024
As increasing well stock reaches maturity, well intervention market is expected to traverse along an exponential trajectory due to the rising demand for stimulating well production. At present the oil and gas industry is one of the most influential branches in the world economy with more than 4 billion metric tons of oil being produced globally each year. The United States along with Saudi Arabia are among the world’s leading oil producers followed by Russia. In spite of the general trend for the support of renewable energy resources and sustainable options that have been reflected in legislations across the globe in response to the Paris Agreement to rein in climate change, projections in the petroleum industry has showed other indications.
Norway Well Intervention Market Size, By Service, 2017 & 2024 (USD Billion)
According to projections presented by International Energy Agency, global oil demand is slated to increase almost by a million BPD each year despite such trends as electric vehicles and renewables. This may be attributed to the rising overall population and the subsequent demand for petroleum. Maximizing the production of each well is therefore becoming imperative and the well intervention industry is gaining a massive impetus from such trends.
The fact that well intervention market expansion is being considered crucial has been recently demonstrated in an incidence when energy giant Saudi Aramco invested £535,000 in the Aberdeen-based oil field technology company, Pragma Well Technology, through a three-year contract. Pragma is involved in using 3D metal printing in the development of a technological device that can be used in traditional well intervention to further extend the life of wells. Saudi Aramco’s investment in Pragma can be viewed as a venture to sponsor new methods to solve old problems but it clearly underlines the importance of bringing in new technology to the well intervention market so the productivity of wells that are almost at the end of their lives can be further extended, thus bringing in more profit for the oil and gas industry.
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Innovative solutions to well intervention have also added impetus to the well intervention industry. Recently C6 Technologies AS, a company that specializes in developing technologies related to well intervention and conveyance announced that it has used its ComTrac technology for the first time along with Archer, its parent company. The ComTrac is a notable technology as it facilitates intervention far beyond the capabilities of usual wireline technology in terms of length and load, particularly in the case of horizontal wells. ComTrac comprises a reel of semi-stiff carbon composite rod equipped with electrical conductors and is the only technology that can operate at lengths of up to 8 km. The carbon composite rod eliminates the problematic “stick and slip” experience faced with wireline cables and enables ComTrac to deliver exceptional data quality and repeatability. Other such innovations in well intervention market will also help augment the commercialization scope of oil and gas industry ahead.
The oil and gas industry, when considered in terms of dollar value, is one of the biggest industrial sectors in the world and a powerhouse that generates hundreds of billions of dollars globally each year. It not only generates employment for thousands of workers but also significantly contributes to national GDP which has been made abundantly evident by regions that house major national oil companies. Though the world is now veering towards the adoption of alternative and renewable energy resources and basically trying to cut down on fossil fuel consumption, the general prediction shows that the time for oil and gas industry to lose its place of honor is still quite far away.
With an estimation that 30 billion barrels of oil are consumed globally each year, oil accounts for a commendable portion of energy consumption, a factor that will continue to contribute the expansion of well intervention market. For the record, well intervention industry size is expected to record a CAGR of 6% over 2018-2024.
Author Name : Paroma Bhattacharya
Total knee replacement market to perceive commendable receipts via partial surgeries over 2018-2024, infusion of tech innovations in implants to drive industry progression
The commercialization scale of total knee replacement market seems to have gained an unprecedented momentum, of late, owing to the rising prevalence of chronic bone disorders such as rheumatoid arthritis and osteoporosis in geriatric population globally. As per the statistics released by International Osteoporosis Foundation, a Switzerland based global alliance of healthcare professionals, research organizations, patient societies, and international companies, osteoporosis causes more than 8.9 million fractures annually across the world with an osteoporotic fracture being recorded every 3 seconds. In addition to such an overwhelming number of patients suffering from bone degenerative disorders, the technological advancements in customized implant material has emerged as one of the major factors driving total knee replacement industry trends in the recent years.
U.S. Total Knee Replacement Market, By Product, 2013 – 2024 (USD Million)
Speaking along similar lines, there has been a considerable shift in patient preference from conventional surgical procedures toward technologically-advanced minimally invasive surgeries. Drastic improvements in the accuracy and precision of surgical procedures being carried out in the recent years have proved to be instrumental in propelling the growth prospects of total knee replacement market on a global scale. Moreover, numerous prominent medical device manufacturers have increasingly focused on launching an assortment of new applications that are augmenting the efficiency of existing surgical tools. Smith & Nephew for instance, announced the expansion of its NAVIO platform to total knees by unveiling NAVIO handheld robotics-assisted total knee arthroplasty (TKA) application last year. The latest application supports various knee replacement systems such as GENESIS II Total Knee Systems, LEGION Primary, and JOURNEY II.
Additionally, the TKA application lowers the cost of surgery and allows patients to receive the benefits of robotics-assistance without going through preoperative imaging procedures such as CT scan. Furthermore, the application has been garnering considerable attention across total knee replacement industry as it provides an efficient and streamlined workflow along with thorough manuals that guide handheld robotics-assisted surgeries. Apparently, the advent of such next-gen applications equipped with robotic-assisted systems is certain to assist total knee replacement market acquires a commendable presence in the healthcare and medical devices space in the ensuing years.
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Speaking in terms of the product landscape, the total knee replacement industry accrued an excellent revenue of close to USD 3.9 billion from the partial knee replacement surgeries in 2017, as per reliable estimates. This amounts to a humongous 49 percent of the total remuneration portfolio of the total knee replacement market during that year. Owing to its many advantages such as replacement of only the damaged portion of the knee along with a spurt in the development of customized implants that ensure minimal erosion of healthy tissues, partial knee replacement surgeries are being increasingly preferred by healthcare professionals and patients alike in the recent years.
In this regard, it would be prudent to cite the instance of the recently launched water-resistant X3® Advanced Bearing Technology by one of the foremost medical equipment manufacturers, Stryker Orthopaedics. Reportedly, the new premium bearing technology has achieved a significant 96 percent wear reduction than the current leading implants available on the total knee replacement market. For the record, the firm is one of the major providers of partial knee replacement implants across the globe. The technology would improve the longevity and efficiency of new implants that are anticipated to be developed by Stryker in the near future. Apparently, the incorporation such high-grade tech innovations in implants is certain to reinforce the position of partial knee replacement segment in the overall product landscape of total knee replacement industry.
Lately, the prevalence of chronic bone degenerative disorders such as osteoporosis and rheumatoid arthritis has been on the rise in the younger populace as well. As per reliable estimates, more than 600,000 residents of the United States have knee replacement surgeries annually and around half of these patients are currently less than the age of 65. It is being stated by trusted sources that the number of knee replacement surgeries is anticipated to surpass 3 million each year in the U.S. by 2030. These statistics aptly demonstrate the business opportunities for the total knee replacement market in the developed economies across the globe. In fact, as per a research report compiled by Global Market Insights, Inc., the overall revenue share of the total knee replacement industry is slated to exceed the USD 10 billion-dollar benchmark by 2024.
Author Name : Saif Ali Bepari
Vacuum pumps are increasingly being used by the electronics, semiconductor and oil & gas sectors. Increasing exploration and production activities in the O&G industry is stimulating product demand. An ever-increasing requirement for crude oil from the industrial and transportation sector may foster product penetration. Emergence of e-commerce platforms would allow increased accessibility and availability for vacuum pumps. Whereas research programs in nuclear fusion and nanotechnology may strengthen product demand in the coming years. With growing traction, Global Market Insights, Inc., predicts that the vacuum pumps market may surpass USD 7 billion by 2026.
Based on lubrication, the vacuum pumps market is categorized into dry and wet segments. Of the two, dry vacuum pumps are increasingly used in petrochemical, packaging, pharmaceutical and chemical industries. Demand for consumer electronics, especially by younger generation, will encourage electronics and semiconductor industries to increase their production capacity, in turn augmenting dry vacuum pump market size.
Kinetic vacuum pumps meanwhile are claimed to hold a significant share in the global market. These pumps are used to displace gas molecules by accelerating them in a pumping direction by vapor stream or mechanical system. Kinetic pumps have the potential to generate high to ultra-high vacuum environments. They are relatively costly compared to other pumps. Some of the key example of kinetic pumps include liquid jet pumps, turbomolecular pumps, ion transfer pumps and diffusion pumps.
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High vacuum pumps are also slated to record a significant market share. They are used in applications like evaporation coating, mass spectroscopy, electron microscopy and space technology. High vacuum pumps are operated in combination, in low vacuum and medium vacuum backing and with booster pumpers for efficient operations.
According to reports, the U.S., China, and Latin America are anticipated to become the key contributors to global vacuum pump market growth. In China, the vacuum pump market is driven by the region’s flourishing semiconductor and electronics industry.
Meanwhile, the U.S. is expected to generate significant vacuum pumps demand from the oil & gas sector. Apparently, the O&G sector of U.S. majorly depends on crude oil. To meet demands, the U.S. government is endorsing increased extraction from oil and gas reserves. Citing an instance, in 2016, the U.S. laid off restrictions on US$ 50 trillion production from energy reserves. Moreover, the country plans to employ more than 90% of the U.S offshore territory for oil and gas exploration and drilling. Initiatives such as these may escalate the demand for vacuum pumps in the U.S.
Latin America vacuum pumps market is still in the initial stage of development, however, is anticipated to accrue lucrative growth in the coming years. The regional market may witness a steady growth owing to the presence of electronics and semiconductor industry led by medium-scale manufacturing plants mostly in Brazil and Mexico. Lenient government policies and low-cost labor has encouraged U.S.-based companies to set up businesses in Latin America. This trend may fuel the growth of Latin America vacuum pumps market.
Renowned firms operating in the vacuum pumps industry are actively opting for new business strategies, primarily to standout in the competition. Taking 2018 for instance, Gardner Denever announced the acquisition of Runtech Systems to expand vacuum and pressure systems and services and flow control technology. Moreover, in 2017, Pfeiffer Vacuum revealed the purchase of Nor-Cal Products Inc. to strengthen its market presence in the vacuum technology industry.
Author Name : Abhijeet Kakade
APAC electric hoist market to witness remarkable proceed over 2018-2025, expanding automotive sector to proliferate the industry trends
Riding on the hallmark of durability and reliability, CM’s latest Lodestar chain hoist is claimed to be a breakthrough in electric hoist market. Recently launched, this iconic product by Columbus McKinnon Corporation reportedly integrated Lodestar’s flagship industry acing design with Magnetek’s enhanced featured premier VFDs. Endorsed with Magnetek’s advanced IMPULSE® G+ Mini drive, Lodestar VS electric chain hoist apparently harnesses the power of intelligent lifting with an absolute state-of-the-art Hoist Interface Technology, CM HI-Tech™.
U.S. Electric Hoist Market Size, By Type, 2014 – 2025 (USD Million)
If reports are to be relied on, this is one of the easiest computer interfaces ever utilized in electric hoist market and is certainly the fundamental factor driving CM’s pronounced stance in the competitive landscape. Allegedly, CM HI-Tech™ allows operators to quickly adjust the hoist performance and speed, in a bid to ensure a sync between the precision load control and application required. The product has already become a subject of focus among the investors, despite the fact that the business space is ablaze with numerous other innovations by eminent companies. Driven by such an innovative product landscape, electric hoist industry garnered a revenue of USD 1.9 billion in 2017.
The competitive spectrum of global electric hoist industry boasts of a portfolio of renowned biggies including the likes of Ingersoll-Rand plc, Beta Max Hoist, KITO Group, SWF Krantechnik GmbH, ABUS Kransysteme GmbH, Hitachi Industrial Equipment Systems Co., Ltd, and Konecranes Oyj. Having already substantiated their stance in the lucrative business sphere, it is expected that in the years to come, they would further brainstorm innovative solutions that would bring appreciable monetary returns in the marketplace. In this regard, it is prudent to mention that electric hoist market players pertaining to the rising demand for technological integration, have been bending over backwards on strategic alliances and subsequent product differentiation.
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A recent precedent underlining the aforementioned declaration is KITO Corporation’s acquisition of all shares of Erikkila, the Finnish lifting equipment manufacturer, under its fully owned subsidiary, Kito Europe. Reportedly, the Japan based electric hoist industry firm has procured Erikkila’s crane production business in a bid to consolidate its position in Europe market, via Erikkila’s extensive European sales network. Experts’ believe, Erikilla’s lightweight modular cranes in its extensive product range in all likeliness, would enhance Kito’s already established portfolio in electric hoist market.
Regionally, the Asia Pacific belt reigned as a supreme power in global electric hoist market in yesteryear, primarily on account of the robust automotive expansion in this region. While the marketplace is characterized by an extensive application array, automotive applications have emerged to be a profitable investment spot for companies, given the fact that these hoists have made cargo handling more efficient and reliable. Not to mention, the profitability quotient of electric hoist industry undeniably relies on the changing trends of automotive sector.
Statistics indicate that the Asia Pacific turf houses numerous light weight vehicle producers with Japan, China, and Korea at the helm covering almost 42% (37 million units) of the global auto production market. Thriving on yesteryear statistics, China alone produced nearly 4.2 million commercial vehicles and 24.8 million passenger cars – estimates depicting China’s pronounced growth prospects in APAC electric hoist market. For the record, APAC electric hoist industry is slated to enter the billion dollar frontier by 2025, with a projected CAGR of 7.5% over 2018-2025.
All in all, it would be apt to mention that electric hoist market growth is highly ancillary to product advancements. Not to mention, skilled operators and qualified maintenance staffs would further have a substantially impact on the profitability quotient. With changing technologies and newer breakthroughs in lifting ecosystem, electric hoist is slated to exceed a valuation of USD 3.4 billion by 2025.
Author Name : Satarupa De