Process spectroscopy market trend is driven by growing requirement toincrease process efficacy and reduce variable spending

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Industry Insights

Global Process Spectroscopy Market size contribution wasgreater than $801 million for 2015 and is projected to register CAGR higher than 6.6% during forecast timeline.The equipment helps in monitoring and checking the quality of process carried out in firms in order to reduce errors as well as re-work. This has promoted the global process spectroscopy industry trends during forecast timeline.

Europe Process Spectroscopy Market size, by technology, 2013-2024 (USD Million)

Further, increasing consciousness among industries about significance of these equipments is projected to stimulate industry demand. Firms with inefficient process monitoring method can face various problems of visual faultsand high manufacturing time as well as increase in inventory time that can tarnish its reputation andimage. All these factors have contributed to increase in process spectroscopy market share globally.

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Technology Insights

Global process spectroscopy industry is segmented into technology like near infrared spectroscopy (NIR), Fourier transform infrared spectroscopy(FT- IR) and Raman spectroscopy.

Near infrared spectroscopy technology segment contributed more than 60.1% to total process spectroscopy market share for 2015 and is projected to register CAGR of more than 6.1% during forecast timeline. Growth of the segment can be credited to its increasing use in many sectors likebiogas plants, quality monitoring, plastics identification in chemical sector, food industry and paper production control.

Fourier transform infrared spectroscopy technology segment was evaluated at more than $171 million for 2015 and is predicted to contribute more than 20.1% of global industry share by end of forecast timeframe. Increasing utilization of the technology in assessment and identification of many substances as well as chemicals & compounds like fibers, chemical warfare agents, particulates, narcotics, residues andpesticides can fuel global process spectroscopy industry demand in future.

Regional Insights

Global process spectroscopymarket is segmented into various geographical locations like MEA, North America, Latin America, Europe and Asia Pacific.

Presence of major industry players and strict quality standards in food & agriculture sector, pharmaceuticals sector and healthcare sector is predicted to drive U.S. process spectroscopy industry growth.

Process analytical technologyis a technique that plans, examines and controls production by determining parameterswhich affect critical value attributes. Food and Drug Administrationframed process analytical technology framework to assure outstanding performance. All this has resulted in growing acceptance of the framework by many pharmaceutical firms in U.S. Due to this, U.S. process spectroscopy market is predicted to experience great impact of the framework in future.

APAC process spectroscopymarket is predicted to register CAGR of about 8.1% in revenue terms during forecast timeline. Industry players are growingly relocating their research & development units as well as production units in the region due to low costs of labor and resources. All these factors are projected to contribute towards regional industry growth.

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Competitive Insights

Major industry participants profiled in the report include Yokogawa Electric Corporation, ABB Limited, Horiba Limited,Bruker Corporation, Danaher Corporation, Agilent Technologies Incorporation, Sartorius AG, Buchi Labortechnik AG, Foss A/S, Kett Electric Laboratory, Shimadzu Corporation and Thermo Fisher Scientific Incorporation.

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Biodefense market to be characterized by innovative product developments by prominent industry stalwarts: global valuation to hit US$19 billion by 2024

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The global biodefense market is experiencing a transformational shift in dynamics in the recent times owing to extensive technological advancements in biotechnology sector. One of the prime instances of the same is the massive number research and development studies undertaken in biothreat detection devices, which are utilized to assess the threats against deliberate release of microbes and viruses. Powered by the impact of technological advancements observed across the biotech industry, along with the rising demand for vaccines and biothreat identifying agents like reagents and assays, biodefense market is anticipated to traverse alongside a profitable growth path in the upcoming years.

U.S. Biodefense Market Size, by Product, 2012 – 2024 (USD Million)

Rising awareness among governments in developed countries, about the major impact of bioterrorism attacks on economy, has a major role to play in the expansion of biodefense market. Various strategies are being implemented to safeguard the population against bioterrorism attacks. Initiatives like stocking vaccines as well as the development and production of bio-threat detection devices would also escalate the growth of biodefense market in the years to come. For example, economies like India have higher susceptibility towards agricultural bioterrorism, on the grounds of which, the government is undertaking several initiatives for protecting the nation since a major portion of the population is dependent on agriculture as their main occupation.

Notable companies across this vertical have seemingly been reinforcing their expertise by implementing several strategic initiatives like mergers and acquisitions to expand their regional presence. Securing FDA approvals for newly launched products has also contributed to enhancing the stance of these companies across the biodefense industry. A gist of the contribution by some of the prominent companies in the biodefense market has been mentioned below:

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SIGA Technologies

The New York based pharmaceutical firm SIGA Technologies, Inc. has recently announced that the U.S. Food and Drug Administration (FDA) has approved the use of TPOXX (tecovirimat) in the treatment of smallpox disease. Responsible for smallpox infection, the often-deadly and highly contagious variola virus is described as among most devastating disease in the world known to humanity by the World Health Organization and is mostly spread through direct contact among people.

The FDA approved TPOXX targets and inhibits the orthopoxvirus VP37 protein’s activity, along with blocking its interaction with cellular Rab9 GTPase and TIP47. Accomplishments like the aforementioned are estimated to further augment the trust factor and goodwill of the company, which in turn will help the firm enhance its position in the biodefense market.

Emergent BioSolutions

Biopharmaceutical company Emergent BioSolutions Inc. has recently developed a vaccine for anthrax which might elicit a faster immune response compared to the anthrax vaccines currently available. The multinational specialty firm has submitted an application on December 28, 2018, to the U.S. FDA for the use of its anthrax vaccine NuThrax.

As a next generation anthrax vaccine, NuThrax has been developed for post-exposure prophylaxis of disease due to confirmed or suspected Bacillus anthracis exposure. The submission is predicted to undergo review in the first half of 2019. The launch of such advanced vaccines is certain to advance the commercialization potential of the biodefense market in the years to come.

PathSensors Inc.

Biotech firm PathSensors has recently announced that it is providing a Los Angeles based robotic juice dispensers company, JuiceBot, with its biosensor technology. The proprietary cell-based biosensor technology, CANARY, delivers extremely quick detection of pathogens at unseen levels of specificity and sensitivity. The technology has been tailored to sensitively and rapidly detect biological threats in agricultural, food and building security applications. Driven by the technology’s widespread application spectrum majorly inclusive of biodefense, PathSensors is on its way to establishing itself as one of the most proactive stakeholders of the biodefense market.

Analyzing the efforts undertaken by leading market players, it is evident that the biodefense market would register a significant growth rate in the upcoming years. The competitive spectrum of biodefense market is quite diverse, and comprises renowned companies such as BBI Detection, Alnylam Pharmaceuticals, Nanotherapeutics, Achaogen, Bavarian Nordic, Cleveland BioLabs, DynPort Vaccine Company, Ichor Medical Systems, Elusys Therapeutics, Dynavax Technologies, AISense and Altimmune.

Author Name :Akshay Kedari

Middle east distribution transformer market growth is driven by rising demand for energy

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Industry Insights

Middle East Distribution Transformer Market size contribution was more than $2.76 billion for 2015 and is projected to register CAGR of 3.91% during forecast timeframe. Increasing demand for alternate power source and growing cost of electricity production has resulted in transition from traditional electric grid use to smart grid use. Today, there is a growing focus on renewable energy sources due to less accessibility of non-renewable energy sources. Amalgamation of both non-renewable as well as renewable sources of power needs smart grid that can promote industry growth in future.

Egypt Distribution Transformers Market size, by technology, 2013 – 2024 (USD Million)

Requirement of skilled personnel for effective functioning of device can hinder demand in future. High middle east distribution transformer industry price trend can also inhibit the its growth.

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Product Insights

Middle east distribution transformer industry is segmented into products like large transformers, small transformers unit substations and medium transformers. Medium transformer segment contributed more than $1.3 billion for 2015 and is projected to experience highest growth during forecast timeline. This can be attributed to fast implementation of these equipments in less populated regions to reduce 3-phase high voltage to 3-phase low voltage for power distribution. Further, increasing copper costs are predicted to raise acceptance due to utilization of less amount of conductors in the product kind. Also, increasing demand across plants and facilities coupled with high energy needs like information centers can also propel segment demand substantially.

Small transformer segment is predicted to register CAGR of about 3.91% during forecast timeframe. Growing execution of the off load tap changer fitted equipment in outdoor and indoor applications can fuel segment demand. In addition to this, high cost efficacy provided for low density population network can further add to the demand during forecast timeline.

Technology Insights

Middle east distribution transformer market is segmented into liquid filled technology and dry type technology. Liquid filled technology segment is sub-segmented into pole mounted technology and pad mounted technology.

Liquid filled technology segment contributed greater than three- fourth of total regional revenue for 2015 and projected to register CAGR of about 4.1% during forecast timeline. Segment growth can be credited to factors like compact size and high price efficacy.

Dry type equipments are used in fire safety applications like marine, mining site, industries and underground substations. All these factors are predicted to fuel the demand and growth of dry type technology segment.

Regional Insights

Middle east distribution transformer industry is segmented into various geographical locations like UAE (United Arab Emirates), Saudi Arabia, Egypt and Qatar.

Saudi Arabia distribution transformer industry is predicted to surpass $1.6 billion by end of forecast timeframe. This can be credited to fast power consumption across residential as well as commercial segment. Government initiatives like setting up of nuclear power plants, amalgamation of solar power supplies and enhanced efficacy as well as reliability of power supply & distribution are predicted to be main factors for growth of this segment. Further, these factors are also successful in attracting huge capital investments in the country’s electricity infrastructure.

United Arab Emirates contributed greater than 8.1% of middle east distribution market share for 2015. Rising acceptance of the equipment across big warehouses, high rise constructions and centralized chilling establishments in this region are credited for the regional industry growth. Further, many advantages like minimized length & size of cable, long feeder lines and enhanced usable footage area provided in the region can also enhance the segment growth in future.

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Competitive Insights

Key industry participants profiled in the report include United Transformers Electric Company (UTEC), Alfanar Electrical Systems, SGB-SMIT, Tesar Gulf Power Transformers & Distribution Equipment LLC, Saudi Federal Transformers LLC, Abaft Middle East Transformer Ind. LLC, ABB(ASEA Brown Boveri) Group, General Electric, Eurogulf Transformers, Intact Transformers, Bawan, Matelec, Siemens, The Saudi Transformer Company Limited and Wahah Electric Supply Co. of S.A.

 

 

 

 

(Polymethyl Methacrylate) PMMA market growth is boosted by increasing healthcare applications and medical device sales

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Industry Insights

Global (Polymethyl Methacrylate) PMMA Market size which was evaluated at more than $116 million in 2015 is projected to register a CAGR of higher than 7.6% till the end of forecast period. Shift in trend towards substituting traditional medical polymers like polycarbonate and polyvinyl chloride with high performing harmless polymers is expected to propel industry demand in medical applications. Increasing spending on global healthcare applications coupled with heavy medical equipment sales will produce more avenues for global industry across healthcare segment.

U.S. healthcare PMMA market size, by application, 2013-2024 (Kilo Tons)

Rising healthcare spending in BRICS (Brazil, Russia, India, China and South Africa) countries has fuelled the global (Polymethyl Methacrylate) PMMA industry growth. Rise in aging population in Europe, U.S. and Japan has boosted global (Polymethyl Methacrylate) PMMA market growth.

However, tight supply of raw substances for manufacturing monomers can limit supply of product and can adversely affect global (Polymethyl Methacrylate)PMMA market price trend in healthcare applications.

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Application Insights

Global (Polymethyl Methacrylate)PMMA market is segmented into applications like laboratory ware, medical ware and pharmaceutical handling.

Laboratory ware segment is expected to experience biggest gains and register CAGR of more than 6.2% during forecast timeframe. Rising old age population across the globe and increase in IV diagnostics is anticipated to positively influence industry growth. Heavy industry penetration of modern diagnostic tools like tissue diagnostics and molecular diagnostics in North American region can favor demand of the product.

Medical ware was dominant application segment in 2015 and produced more than $52.1 million revenue during that year. Rising occurrence of cataract and myopia owing to rising old age population can promote demand of intraocular lenses fuelling industry demand in medical ware applications.

Pharmaceutical handling segment is projected to record a CAGR of more than 4.1% by 2024 and register maximum growth. Launch of RFID (Radio frequency identification)cabinets in pharmaceutical sector can increase product demand. Rising occurrence of different chronic ailments can favorably influence cabinets demand and propel industry growth in pharmaceutical handling applications.

Regional Insights

Global (Polymethyl Methacrylate)PMMA market is segmented into geographical locations like Europe, MEA, Asia, Latin America and North America.

U.S. (Polymethyl Methacrylate)PMMA market led the industry demand for North America. It was evaluated at more than $48.1 million for 2015. Large aging population in U.S. along with strict FDA (Food and Drug Administration) rules to reduce use of harmful plastics in medical sector is predicted to favorably influence industry expansion.

APAC (Polymethyl Methacrylate)PMMA industry led by India and China is predicted to record CAGR of about 8% during forecast period and register maximum gains. Growth of medical equipments segment owing to technological breakthroughs in China and Japan are key aspects driving regional industry growth.

Europe (Polymethyl Methacrylate) PMMA market, dominated by Italy, UK, France, Spain and Germany, is anticipated to record CAGR of about 5% and cross revenue mark of $71 million by end of forecast period. Rising demand for medical equipments like dentures, incubators and desiccators is one of the key factors contributing to the industry growth in the region.

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Competitive Insights

Key industry players profiled in report are Evonik Industries, Arkema, Aristech Surfaces, Kydex, Lucite International, Dow Chemical Company, Plaskolite Incorporation and Polyone Corporation.

Instant electric water heater market to garner exceptional proceeds over 2018-2024, LATAM to prominently drive the regional landscape

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Electric water heater market size has witnessed a massive upsurge in the recent times owing to the consistent product upgradation and business expansion approaches adopted by the major market players, coupled with rising disposable income of households, increasing electrification in the developing nations and rigorous energy-efficient regulations being prescribed by governments across the globe. The ever-evolving consumer behavior and altering purchase patterns have further fueled the growth of electric water heater market.

Europe Electric Water Heater Market Size, By Capacity, 2017 & 2024 (USD Million)
Europe Electric Water Heater Market Size, By Capacity, 2017 & 2024 (USD Million)

With rising consumer education regarding water-heater performance and energy efficiency, the manufacturers have been compelled to rethink about the current designs of electric water heaters and enhance the existing technologies. To cite a noteworthy instance, one of the global industry leaders partaking in electric water heater industry, Bradford Corporation, has recently launched its eF series water heaters equipped with a thermal efficiency of 90% and a higher hot-water retrieval.

Furthermore, citing an instance of robust partnerships, U.S. based water heating systems provider, Aquanta Inc., recently announced its alliance with the leading electric utility and energy solutions provider in the U.S., NRTC to build a strong distribution framework to supply its smart water heater controller in the U.S. market. Similar moves are likely to materialize over the next few years, in turn, boosting the electric water heater market growth.

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Electric water heater industry is poised to witness great demand for energy efficient products, especially against the backdrop of escalating electricity tariffs and growing governmental emphasis on conserving energy. The magnitude of expansion of electric water heater market in terms of the product spectrum, that essentially comprises instant and storage based electric water heaters has indeed been immense. Of these, instant electric water heaters minimize standby energy losses and last longer. In addition, they have been evolving with the upcoming market players conjoining the already popular water heater with ohmic array technology.

For instance, U.S. based Heatworks Technologies has raised $7.2 Million from investors including Microsoft to produce state-of-the-art tankless electric water heater using its patented Ohmic Array technology which includes graphite electrodes instead of metal heating and hence never rusts, unlike traditional heating products. With the introduction of such products, the upcoming electric water heater market players are attempting vigorously to gain competitive edge in the growing market size dominated by influential players.

Meanwhile, it would be sensible to take note of the factors that may constrict the electric water heater market size in the immediate future. The alternative energy sources such as hybrid-powered appliances and solar power are garnering swift popularity in the commercial and residential areas across the globe. Large enterprises are preferring solar-powered appliances owing to their long-term advantages. Therefore, the presence of these alternative sources is likely to adversely impact the growth potential of electric water heater market size in the ensuing years.

Latin America is expected to come up as the next big ground for electric water heater market. Aided principally by Brazil, LATAM held more than 30% of the overall electric water heater market share in 2017, driven by the rising consumer preference for advanced heating technologies that help save considerable energy and expenditure. The rising demand for hot water across domestic applications and the lure for extensive cost savings on account of efficient heaters will further impel LATAM electric water heater market.

With a sturdy and well-established distribution and sales channel spanning across majority of the regions across the globe, prominent industry players such as Bradford White Corporation, A.O. Smith, Rheem Manufacturing Company, Haier Electronics and Ariston Thermo have a firm footprint in the electric water heater market. The electric water heater market, owing to aforementioned factors, is considered a combative and saturated industry with upcoming players trying to gain consumer loyalty through discounts and promotional activities. A recent report on electric water heater market, composed by Global Market Insights Inc., has forecast the market valuation to surpass USD 19 billion by 2024.

Author Name : Saif Ali Bepari

Liquid cooling systems based data center cooling market to amass significant gains over 2017-2024

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The surging implementation of IT in several end-use sectors including banking, retail, and telecom is likely to fuel data center cooling market. Currently, data centers play a pivotal role in the functioning of several business enterprises, given that any failure in data center operations can have a rather negative impact on business growth. In fact, data center heat removal is one of the essential back strategies to maintain data centers. The growing priority for precise cooling and heat rejection facilities in order to collect unwanted heat from data centers is slated to stimulate data center cooling industry share. The ongoing innovations in cloud computing and data center platforms has also been favoring the growth of this business vertical. In addition, the emergence of IoT and artificial intelligence has also positively influenced the revenue potential of data center cooling market size, pegged at USD 8 billion in 2016.

China data center cooling market size, by service, 2016 & 2024 (USD Million)
China data center cooling market size, by service, 2016 & 2024 (USD Million)

 

Data center cooling is one of the primary challenges ahead for data center users, owing to the adverse effects of excess heat and high temperature on the performance and lifespan of date centers. In order to enhance operational performance, many organizations are deploying more blade servers, which however results in high electricity requirement. The rise in electricity and cooling demand not only hampers the productivity of data centers but also increases the cooling costs. In this regard, several business enterprises are investing heavily in the development of efficient cooling and heat management facilities, which would considerably impact data center cooling industry trends. For instance, well-known internet giants Facebook and Google have declared an investment plan of USD 700 million to construct data centers in Iowa across U.S, which would help impel the commercialization scope of the regional data center cooling market. Thus, the rising number of investments in data center infrastructure development by leading tech behemoths is likely to influence data center cooling market outlook positively over the years ahead.

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Traditionally, in order to construct a new data center, nearly 35% of overall expenditure should be invested on cooling equipment. In fact, the increasing usage of emerging technologies such as Internet of things (IoT) and AI are fueling the requirement of powerful and larger data centers. In this regard, many of the giants in data center cooling market including Black Box Corporation, Schneider Electric SE, Rittal GmbH & Co. KG, Nortek Air Solutions, AdaptivCOOL, and Airedale International Air Conditioning are investing heavily in research and development activities to develop efficient and cost-effective cooling technology. As of now, most of the business organizations are primarily giving preference to liquid cooling systems, pertaining to its capability to consume lesser energy as compared to other systems. Some of the pointers supporting the deployment of these systems have been enumerated below.

  • Reduction in required floor space: Liquid cooling system takes 50% to 75% less floor space, which may help to install a new data center within available space.
  • Simplified infrastructure: Pertaining to the removal of components such as ducting, chillers, small PDUs and CPS, LCS’s simple infrastructure allows data centers to fit more IT facilities within the same space, thus augmenting data center cooling industry trends.
  • Safety: Liquid cooling systems offer complete safety when used alongside electronic components.

The robust growth in digitalization across the globe and the increasing demand for big data and cloud computing are likely to have a tremendous influence on data center cooling market. More importantly, increased application development and the fierce competition may help generate lucrative opportunities for data center cooling industry players, thus favoring the growth of the overall business vertical.

Author Name : Sunil Hebbalkar

An outline of air humidifier market in terms of the application landscape: portable products to gain precedence in the residential sector over 2018-2024

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Increasing awareness about the negative effects of dry, polluted air has helped in impelling air humidifier market outlook in the recent decade. A survey conducted by World Health Organization in UK found that 30 towns and cities have fine-particle air pollution that are well over the ten micrograms per cubic meter recommended limit. Every summer, a significant percentage of population suffers from hay fever due to increased pollution. Such a situation is not limited to the UK nor does the problem exist only in summer – even in winters, dry air can cause cracking of skin and stuffy noses. According to experts, skin damage to this extent slows down the body’s natural immunity, making people more disposed to viruses.

U.S. Air Humidifier Market, By Application, 2017 & 2024, (Units)
 U.S. Air Humidifier Market, By Application, 2017 & 2024, (Units)

In order to combat the numerous afflictions arising from air pollution, humidifiers are being used liberally across myriad geographies, providing an increased impetus to air humidifier market share. As per reliable statistics, Americans are known to purchase around 10 million air humidifiers each year.

Optimal humidity has been proved to play a significant role in health and wellbeing. Humidifiers not only supply the necessary moisture to the air that can help to keep skin from chaffing but also improves the air quality to keep pollens, pet dander and suspended particles from floating in the air. As more health experts continue to emphasize the importance of maintaining a relative humidity of 40% to 60% indoors to create comfortable living conditions, air humidifier market will register commendable growth in the years ahead. With the rise in air pollution, concerns for infant health have also encouraged a significant section of consumers to invest in air humidifiers. This in consequence has stimulated air humidifiers market share from the residential sector, which stood at 28 million units in 2017.

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Portable humidifiers are massively used across the residential sector, given their extensive benefits of mobility and convenience. As per estimates, portable humidifiers accounted for 90% of air humidifier market share in 2017, driven by their easy installation, convenience, low energy consumption, and low cost of the product. The only major drawback of the product is the need to constantly keep it clean to avoid bacteria buildup. However, air humidifier industry participants have brought forth a slew of unique humidifiers to the market that have self-cleaning features, eliminating the hassle of cleaning the humidifier on a weekly basis.

The demand for humidifiers across the commercial sector has also been increasing lately, as companies across the automotive, electronics, pharmaceutical, textile, packaging, paper and pulp industries largely deploy humidifiers on factory floors. For instance, data centers, which are the pulse centers of the modern day connected lifestyle, need a constant level of humidification. Data centers abide by the guidelines set by the American Society of Heating, Refrigeration and Air Conditioning Engineers (ASHRAE) where humidity monitoring is important to mitigate static charge build up and electrostatic discharge for sensitive electromagnetic components. Studies have showed that maintaining an increased level of relative humidity in data centers decreased the risk of unwanted electromagnetic discharge and related hardware failure and downtime. The rising deployment of humidifiers for data centers will thus augment air humidifier industry share.

Air humidifier market has already established a strong presence across the developed economies. Endowed with a vast scope of applications, the demand for these humidifiers is only slated to increase in the years to come. With top-notch companies such as Philips, Honeywell, Proctor & Gamble, Carrier, Armstrong International, etc., striving to introduce a range of highly advanced products in this vertical, air humidifier market share is likely to soar tremendous heights over 2018-2024.

Author NameParoma Bhattacharya