Clean energy is a form of energy that is generated without producing any form of pollution to nature. There are various types of clean energy being used across the globe, which include solar energy, wind energy, geothermal energy, and hydro energy among many others. Among the various sources of clean energy, liquid hydrogen is among the most efficient and optimum sources of fuel, which has the capability to replace various types of natural gases and non-renewable fuels like coal. Liquid hydrogen is a form of hydrogen in a liquid state. Liquid hydrogen offers multiple advantages over non-renewable sources of energy. It offers a higher energy density and is easier to store and transport.
Use Case:
Automotive– In the automotive sector, liquid hydrogen plays a critical role. In the automotive sector, liquid hydrogen is used to power hybrid electric vehicles (HEVs). Liquid hydrogen is distributed along the fuel cell stack, which transforms the hydrogen into electrical energy. Various countries have introduced key policies and subsidy schemes to boost the utilization of hydrogen in commercial automotives, which includes buses and trucks.
Aerospace– Liquid hydrogen is expected to propel the growth of renewable energy in the aviation sector. In the aviation sector, liquid hydrogen requires about 80% less fuel space and delivers the same levels of energy.
Energy Storage– In the global energy sector, liquid hydrogen offers an efficient and optimum energy storage solution. Liquid hydrogen features a higher energy density as compared to the other forms of gaseous energy. Liquid hydrogen is also easier to transport and is also offers energy intensity.
Industrial Sector– The utilization of liquid hydrogen in the industrial sectors, like steel making. Liquid hydrogen is among the most suitable and optimum alternatives for coal and various types of carbon-emitting fuels.
The increasing global demand for liquid hydrogen among multiple sectors is expected to propel the growth of liquid hydrogen in the clean energy sector.
1. Increasing global demand for energy production
A major factor propelling the growth of the global liquid hydrogen market is the increasing global demand for energy across the global market. Liquid hydrogen offers critical applications global energy sector. The liquid hydrogen is generally used for the production of high-energy nuclear physics and bubble chambers. Liquid hydrogen is also used as a fuel source for internal combustion engines, or in fuel cells.
The production of energy across the global market witnessed significant growth over the past few years. The Enerdata, in its report, stated that in the past few years, the production of energy increased in all the major companies. The agency stated that in 2022, the production of energy in China and the USA was recorded at 3,112 and 2,326 Mtoe respectively, whereas the production of energy in India was recorded at 700 Mtoe in 2022. The production of energy in China and the USA increased to 3,190 and 2,429 Mtoe respectively, whereas the energy production in India was recorded at 748 Mtoe.
Figure 1: Production of Energy in the USA, China, and India, Mtoe, 2022 and 2023
Source: Enerdata
2. Introduction of key policies and investment opportunities for hydrogen production
With the increasing global demand for clean energy in the global energy sector, the demand for liquid hydrogen is expected to propel exponentially. Various countries and market leaders introduced key policies and investment schemes in the renewable energy sector, which are aimed at boosting the growth of global liquid hydrogen production. Various countries across the globe introduced key policies and investment opportunities in global renewable energy production. For instance, India introduced its National Green Hydrogen Mission, in March 2023, which aims to boost the green hydrogen production in the nation to about 5 million MT per annum.
Similarly, the New Zealand Foreign Affairs & Trade, in its report stated that in June 2023, Japan revised its Hydrogen Basic Strategy, which aims to boost the production of hydrogen in the nation. Under its new strategy, the government introduced three new features, which include increasing the volume target to 12 million tonnes annually by 2040, aiming for 3.4 kg of CO2 emission for every 1kg of hydrogen produced, and attaining about 10% of the global electrolyzer market.
The Government of Germany introduced the German Recovery Plan, which is aimed at expanding the production of hydrogen and limiting the nation’s reliance on coal. Through this plan, the nation aims it develop the production capacity in the nation to 5GW by 2030, and further build a 5GW production facility by 2035 and 2040. The nation also aims to promote the utilization of hydrogen in the industrial sector. The plan also introduces a trade partnership with EUR 2 billion.
3. Increasing production of hydrogen
The increasing production of hydrogen in the global market is expected to propel the growth of the global liquid hydrogen in the clean energy market. The global production of hydrogen witnessed significant growth over the past few years. The International Energy Agency, in its report, stated that in 2023, the total production of hydrogen was recorded at 97 Mt. The agency further stated that in 2023, the total installed capacity of water electrolyzers was recorded at 1.4 GW, and is expected to reach 5GW by 2024.
Key Developments
In May 2024, Airbus, a global aerospace giant, introduced an innovative liquid hydrogen project. Under the GOLIAT or the Ground Operations of Liquid Hydrogen Aircraft project, the company received funding of EUR 10.8 million from the Horizon Europe Framework Programme of the EU. The main aim of the project is to enhance the adoption of LH2 or liquid hydrogen in the global aviation sector.
In February 2024, FORVIA SE, a global leader in automotive suppliers, announced the partnership with FAW JIEFANG and Air Liquide, which is aimed at accelerating the utilization of liquid hydrogen in heavy mobility. The company aims to equip liquid hydrogen storage systems into heavy-duty trucks.
In the global clean energy sector, liquid hydrogen plays a critical applications. The liquid hydrogen is used as an alternative source of energy for non-renewable sources of energy. The liquid hydrogen is used across multiple sectors, which include automotives, aviation, industrial, and energy storage among others. With the increasing demand for clean energy in the global market, the demand for liquid hydrogen is expected to surge significantly.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/liquid-hydrogen-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-11 06:15:062024-12-11 07:13:12The Future of Clean Energy: The Role of Liquid Hydrogen in Global Decarbonization
The silicon carbide market is estimated to be around US$1.672 billion in 2024 and is anticipated to grow to US$4.863 billion by 2029 at a CAGR of 23.80%.
Silicon carbide (SiC), also called carborundum, is a semiconductor consisting of silicon and carbon. It is found in nature as the extremely rare mineral moissanite, but more commonly manufactured artificially. High hardness, sulfide resistance, chemical stability, and semiconductor properties are the primary characteristics of SiC which makes it useful for various industries. Due to its hardness, it can be used for sandpaper and makes a fine material in grinding wheels as well as utilized in cutting tools while bigger pieces are made into abrasive grains serving as furnace linings or heating elements. Power electronics and LED are some of the electrical components that widely utilize SiC due to their special properties in the electric sector.
As per the report, the silicon carbide market is anticipated to develop at a significant pace.
There are numerous factors contributing to the growth of the silicon carbide market during the forecasted period. SiC is utilized to increase the efficiency and execution of hybrid electric vehicles (HEVs). Further, solar and wind power are utilizing SiC-based inverters and converters for similar applications. Using SiC devices will strengthen energy storage system efficiency and power density. Additional industrial utilization includes high-temperature electronic products and telecommunications. The base stations and other infrastructure components utilize SiC devices to enhance efficiency as well as cut power consumption. Moreover, the cost and quality of such materials are now better due to advancements in SiC technology.
The market is witnessing diverse collaborations and innovative technological advancements, for instance, in August 2024, Infineon Technologies AG began the primary stage of a new 200-millimeter silicon carbide (SiC) power semiconductor fab in Malaysia, stamping the world’s biggest and most competitive 200-millimeter fab.
Based on the type, the silicon carbide market is divided into sintered silicon carbide, nitride-bonded silicon carbide, and reaction-bonded silicon carbide. Sintered silicon carbide is expected to have a major share in the market due to its high durability, and low maintenance prices employed in major industries such as electronics, and automotive. Its thermal conductivity enables accurate temperature control, and it will also exhibit excellent performance over time in more challenging environmental conditions due to its chemical stability.
Based on the application, the silicon carbide market is classified into brakes & clutches, solar panels, turbines, semiconductors, deoxidizing agents, light-emitting diodes, and others. the growth in the silicon carbide market is mainly driven by brakes and clutches, especially for the EV industry. This is because of their high-temperature stability, wear resistance, and low weight combined with good thermal conductivity. The material can handle intense heat-ideal for EV braking systems as well as lower density to help reduce vehicle weight and thus improve fuel efficiency and performance.
Based on industry vertical, the silicon carbide market is divided into automotive, energy, steel industry, electronics, and others. The automotive industry contributes majorly to the growth of a silica carbide market that is driven by increasing demand for EVs and the requirement for further durable and efficient automotive parts. Those characteristics make SiC very suitable for utilization in components like power electronics, inverters, and motor control systems in EVs. In addition, SiC components can also be employed in electric motors and power electronics for hybrid vehicles.
Based on geography, the silicon carbide market is extending majorly in the Asia Pacific region due to various variables. Due to the increasing technological landscape in diverse countries of the Asia Pacific region with the increasing utilization of semiconductors and SiC chips in electronic products. Further, rising governmental incentives to propel the market in the Asia Pacific region, coupled with increasing production and demand for consumer electronics is expected to drive a huge increase within this segment. In addition, the expansion in the green or sustainable energy market with a particular spotlight on the solar sector is also expected to significantly generate demand for SiC owing to the increment in energy and power activities globally.
As a part of the report, the major players operating in the silicon carbide market that have been covered are Saint Gobain, AGSCO Corp, Anyang Jinbeite Metallurgical Refractories Co., Ltd., WolfSpeed Inc, Microchip Technology Inc., INSACO Inc, N.B. Enterprises, Shot Blaster, Carborundum Universal Limited, Zee Precision Carbographite Industries, Henan Silk Road Abrasives & Tools Co., Ltd., ROHM Co., Ltd., and Infineon Technologies AG.
As the rapid pace of technological advancement and changes in consumer preferences have made the business environment much more dynamic, the pressure on businesses to offer superb customer service is always present. Customer service which is a competitive advantage of a brand has an impact on the brand reputation and customer loyalty. However, I contend, that the present-day requirements for example 24/7 support, quick resolutions, and tailored service with patronization of classical approaches more often than not do not meet such demands satisfactorily.
There will be, however, ease and realism in the power of Information Technology that business organizations will be able to rethink their primary focus from production or profit-making to establishing solid relations with stakeholders. AI is no longer a discernible subtext; it is now commonplace and instrumental in contact with the client. At the moment a lot is being done in the practical implementation of AI systems into customer services starting from smart negotiations using interlocutors that look and behave as live persons and to psychoanalytic-oriented algorithms that will suggest what your customers want.
Moreover, the extensiveness of the customer service management concerned with AI is precarious to mere automation of the process. The advent of such technologies, often tactical augmentation of existing systems and processes, is changing the emphasis of what is considered ‘good customer service’ in an age of increasing growth and dependency on technology. Customer service is mostly used by insurance 68%, healthcare 67%, telecom 64%, automotive 61%, home services 60%, financial services 60%, and travel 53%, which are the industries where consumers are most likely to call when making purchases.
Figure 1: Percentage Use of Customer Services by Industry, 2024
Source: Invoca
AI is transforming customer service in the following ways:
Improved Client Experience with Customization
Due to the inclusion of AI systems, personalization has reached new heights. Convolution networks allow businesses to scrutinize consumer behaviour data and get insights into their preferences, previous purchases, and behavioural tendencies. This enables them to tailor every interaction with every customer. There are also AI-enabled chatbots that can address a client by name, recommend goods from past purchases or even foresee what a client requires before they voice it. Such experiences are unique and help to build a stronger bond with the customer as well as their satisfaction.
Quickness and Effectiveness in Solving Issues
In the customer service industry, one of the many areas that benefit from AI is the immediacy of responses. In the case of chatbots and other virtual assistants same or different conversations, involve the use of natural language processing (NLP) which allows interaction with several customers at once, hence waiting time is minimized. Unlike human agents who may rest, AI mechanisms are active all the time meaning that even at night clients will still get help if they have any issues. More so AI can also attend to frequently asked questions or queries without the need of a person which allows the customer support teams to focus on the more complex issues that require human interaction, empathy and reasoning.
Predictive Knowledge for Active Participation
AI seeks to answer questions rather than waiting for them to be posed. Such analysis helps companies to mitigate the impact of certain issues before it escalates into a more serious situation. For example, a company may decide to invest in prior research on its customers’ complaints or product usage patterns to save them from losing their clients in the future. AI also allows businesses to forecast customer behaviour and subsequently provide discounts or promotions when most likely to increase sales.
Scalability and Cost Savings
Customer service costs suffer greatly when AI is not used. Many operational costs are cut down to size, thanks to the elimination of the need for huge workforces, as a result of using different technological tools. AI systems are also very flexible and can be increased or decreased depending on the current requirements of the organization. AI can handle more clients when there are peak seasons without compromising on the quality of service offered to the clients, thus ensuring there is constant customer satisfaction.
Challenges
The implementation of AI in customer service, though advantageous, has its challenges. A significant dependence on these systems may eliminate the element of human touch, which is vital in creating emotions and earning trust. Also, since AI systems work well with user data, there are concerns over the privacy and security of the data that present a cogent threat. To avoid losing customers, firms must ensure that their data reaches out to customers who understand the issues and do not contravene laws in place.
Further AI in Customer Service
As technology continues to improve, the role of AI in customer care will become more advanced. One such indulging work is advanced sentiment analysis that seeks to enable the machines to understand customers and their feelings better. Enhancement of customer experience can also be taken a notch higher with support solutions that would leverage AR and VR technologies which will improve the market.
In conclusion, the consumer engagement paradigm is being altered through the combination of AI, which is the efficiency, personalization and prediction capability of AI putting service interactions to another level. Transforming customer service does sound enticing, although it comes with challenges that must be dealt with. Businesses can benefit from AI services in a way that allows them to go beyond customer satisfaction and create a new level of provision excellence.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/AI-in-customer-service-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-10 08:12:352024-12-10 08:20:50Transforming Customer Interactions: The Rise of AI in Customer Service
The data center security market is estimated to grow at a CAGR of 17.36%, from US$15.145 billion in 2024 to reach US$33.717 billion by 2029.
Data center security is the physical and digital support of data centers through various instruments to protect applications, and data, that are rigorously operational from any external breaches or cyber-attacks. Key benefits of these data center system solutions are they assist organizations optimize and validate their data centers through enhanced reliability, and scalability among others. Increasing usage of internet services and growing penetration are generating high amounts of data from various end-user industries. This is considered as one industrial driver for the development and installation of data center security.
The rapid expansion of the market demand for data center security is driven by the adoption of cloud computing, increasing data from IoT sensors, social media, and e-commerce globally. Besides that, cyberattacks are becoming more frequent with increased complexity which demands data center security systems. Cloud service providers are obligated to deploy strong security practices to secure sensitive data, further, organizations invest in advanced cybersecurity solutions to ensure the safeguarding of their valuable resources of information. The evolution of the threat landscape emphasizes the importance of strong security in data centers, and as a result, enterprises are making higher investments in innovative security technologies to safeguard their digital businesses.
The market is witnessing diverse collaborations and innovative technological advancements, for instance, in May 2024, Flexxon showcased the X-PHY® Server Defender, the first standalone and fully autonomous cybersecurity module in the world, which gives full-stack managing and defense from both equipment and firmware layers in data center, at the RSA Conference 2024.
Based on the type, the data center security market is divided into mid-sized data centers, enterprise data centers, and large data centers. The enterprise data center segment is predicted to contribute largely to the data center security market due to the high sensitivity of its application and security needs in industries such as finance, healthcare, and governments consequently considerable investment is being made by enterprises leading toward automation services. Since, they are vulnerable to cyberattacks, which will promote the advanced cybersecurity solution.
Based on the solution, the data center security market is classified into two main solutions which are physical security solutions and logical security solutions. The physical security solutions are further divided into monitoring solutions, analysis, and modeling, access control, and video surveillance, while logical security solutions are further divided into compliance management and access control, threat and application security solutions, and data protection solutions. The data center security market for logical security solutions is expected to grow significantly in the coming years, owing to the digital transformation with remote access as well as increasing cloud adoption trends. As businesses require electronic storage and processing of all their valuable assets, there is a requirement for mechanisms to protect the digital data & systems.
Based on the service, the data center security market is categorized into managed security services, security consulting, and professional services. Managed security services are expected to make significant contributions in this industry of data center security, as they work in managed identity and access management, and risk compliance management which will provide continuous monitoring to improve threat detection. Another benefit to managed security services is cost-effective service that can leverage economies of scale and the expertise of a service provider, bringing down the costs associated with finding qualified in-house experts to take care of new threats.
Based on industry vertical, the data center security market is divided into banking and financial services, manufacturing, healthcare, government, media, and entertainment, and others. The banking and financial services industry is projected to significantly contribute to the growth of the data center security market due to stringent regulations associated with data privacy along with high-value targets for Cyber breachers, and complex IT infrastructure followed by rising penetration digitalization across various sectors.
Based on geography, the data center security market is extending majorly in the Asia Pacific region due to various variables. The regional growth is associated with rapid digital transformation, growing dependence on various data center innovations particularly in the form of cloud computing, IoT, and AI as well as increasing quantity of data being generated from sources like social media. This results in consistently increasing e-commerce and online services, thus more transactions done on the go with sensitive data, which necessitates the data center security solutions in the region.
As a part of the report, the major players operating in the data center security market that have been covered are Cisco Systems, Inc., Trend Micro Incorporated, Dell Inc., IBM, Juniper Networks, Inc., Broadcom, IAM Networks, Fortinet, Inc., RSI Security, Securitas Technology, Honeywell International Inc., and Palo Alto Networks.
The global neuroprosthetics market is expected to grow at a CAGR of 12.91%, reaching a market size of US$14.927 billion in 2030 from US$8.645 billion in 2025.
Neuroprosthetics is a type of prosthetics device, that integrates biomedicine and neuroscience. A major purpose of neuroprosthetics is to restore the sensory, cognitive, and motor functions of patients. The neuroprosthetics interface with the spinal or brain circuits, which helps in enhancing the body’s functionality. The major function of neuroprosthetic devices is to restore the motor functionality of paralyzed patients. The global neuroprosthetics marketis expected to witness significant growth with the growing global cases of neurological disorders. The global cases of neurological disorders in the past few years have witnessed significant growth. The World Health Organization, in its report, stated that about 1 in every 3 individuals in the globe is affected by some type of neurological disease. Similarly, the World Federation of Neurology in its paper stated that as of 2023, about 40% of the total global population suffers from neurological conditions. The federation further stated that Stroke, Neonatal encephalopathy, Migraine, Dementia, and Meningitis are among the most common neurological disorders prevailing across the globe.
With the rising global demand for neuroprosthetics devices, various research organizations have increased their research and development investment in the market. For instance, the RICE University and Houston Methodist in January 2024, launched the Center for Neural System Restoration, which is aimed to enhance neuroscience research and treatment innovations. Similarly, in March 2022, the University of Alabama at Birmingham (UAB) launched the Neuroengineering and Brain-Computer Interface Initiative.
The type segment of the global neuroprosthetics market is categorized into output neural prosthetics and input neural prosthetics. The output neural prosthetics category of the type segment is estimated to attain a greater market share in the global neuroprosthetics market during the forecasted timeline. The output neural prosthetics devices are a type of neuroprosthetic device, which enhances the output of the neural system.
By technique, the global neuroprosthetics market is segmented into deep brain stimulation, spinal cord stimulation, sacral nerve stimulation, transcranial magnetic stimulation, and vague nerve stimulation. Under the technique segment, the deep brain stimulation category is forecasted to witness significant growth in the global neuroprosthetics market. Deep brain stimulation or DBS is a type of neurosurgical procedure, which is used to implant electrodes and electrical stimulation. The DBS technique is used for the treatment of Parkinson’s disease, dystonia, and other type of neurological disorders.
The global neuroprosthetics market, under the application segment, is categorized into auditory processing disorders, Parkinson’s disease, epilepsy, ophthalmic disease, cardiovascular disease, paralysis, Alzheimer’s disease, and others. The Parkinson’s disease category of the application segment in the global neuroprosthetics market is expected to grow at a significant rate. Parkinson’s disease is a neurological disease, in which the part of the brain deteriorates which causes severe neurological symptoms. The global cases of Parkinson’s disease witnessed an increase, with over 1 million individuals living with Parkinson’s disease in the USA, and about 90,000 individuals being diagnosed with the disease every year, as stated by the Parkinson’s Foundation.
Based on geography, the European region is expected to witness significant growth in the global neuroprosthetics market. The North American region is among the global leaders in neurological and pharmaceutical technology leader. The governments of multiple countries, especially the USA and Canada have also introduced key policies and investment schemes to boost the research and development investment in the region.
As a part of the report, the major players operating in the global neuroprosthetics market that have been covered are SenArs, LivaNova PLC, Medtronic PLC, Sonova Holding AG, Boston Scientific Corporation, Cochlear Ltd, Demant AS, Abbott Laboratories, NeuroPace, Inc., BrainGate, and NDI Medical.
The quantum computing market is valued at US$1,428.076 million in 2024 and is expected to grow at a CAGR of 34.52% to reach the value of US$6,291.361 million by 2029.
Quantum computing is an emerging computer technology, which comprises elements of computer science, physics, and mathematics, to utilize quantum mechanics for solving complex problems. Quantum computing uses various types of sub-atomic particles, like photons and electrons. Quantum computing offers a wide range of applications and benefits over traditional or conventional computing technology it has the capability to solve complex computer tasks in a fraction of the time used by classic computers. Quantum computing also offers high speed, which can help in faster decision-making. Quantum computing technology is forecasted to act as a major factor in the development of new technologies like artificial intelligence (AI) and machine learning (ML).
The globe witnessed massive technological development in the quantum computing market, majorly with the increasing investment in research and development of the technologies. Several technological-based companies introduced new solutions and services in the global quantum computing market. In March 2024, Nvidia, a multinational technological leader, announced the launch of its cloud quantum-computer simulation microservice. The company aims to push the boundaries of quantum computing exploration, through the availability of this service. This microservice includes generative quantum eigensolver and QC wave promethium. Similarly, in December 2023, IBM, one of the biggest computer technology providers, announced the launch of its next-generation quantum processor and IBM Quantum System Two.
The company stated that the IBM Quantum System Two begins its operations with three IBM Heron processors, the latest quantum processor by the company, which is mainly designed to enhance the operationalization of quantum-centric supercomputing.
The component segment of the quantum computing market is categorized into hardware and software & service. The hardware category, under the component segment of the global quantum computing market, is forecasted to attain greater market share. A few of the major hardware of quantum computing include quantum processors and electronic components. The quantum processors are among the most important components of any quantum computer, which enable the operation of these types of computers.
The quantum computing market, under the deployment segment, is categorized into on-premises and cloud-based. Under the deployment segment of the quantum computing market, the cloud-based category is estimated to attain a greater market share. Under the cloud-based deployment of quantum computers, the actual components of the computer are stored at a remote location and are connected to institutions or enterprises through high-speed servers. The cloud-based deployment of quantum computers offers a cost-efficient method of quantum computing operation, and it also reduces the maintenance cost for enterprises.
By industry vertical, the quantum computing market is categorized into BFSI, automotive, manufacturing, healthcare, IT & telecom, energy & power, and others. The healthcare category of the global quantum computing market, under the industry vertical segment, is forecasted to grow at a greater rate. In the healthcare sector, quantum computing can offer a wide range of applications, from disease prevention to drug development. Through the use of quantum computing, the formulation and synthesizing process of new drugs can happen at a much faster rate, with minimum risk of failure.
The quantum computing market, by applications, is categorized into artificial intelligence & machine learning, computational chemistry, drug design & development, cybersecurity & cryptography, financial modeling, logistics optimization, and others. The artificial intelligence & machine learning category of the global quantum computing market, under the application segment, is anticipated to gain a greater share. With the use of quantum computing, much better and more effective AI algorithms can be generated, and it can enhance the ability of the AI technology.
Based on geography, the North America region is anticipated to attain significant growth in the global quantum computing market. The North American region is among the leading technological developers across the globe. Countries like the USA and Canada are also among the fastest adopters of new technologies, like quantum computers into their ecosystems. Furthermore, the increasing investment by governmental and private organizations to boost the capability of quantum computing, and its integration across multiple key industries, like healthcare, and cybersecurity.
As a part of the report, the major players operating in the quantum computing market that have been covered are IBM, Microsoft, Quantum Computing Inc., Intel Corporation, D-Wave Quantum Inc, Quix Quantum BV, Alpine Quantum Technologies GmbH, ORCA Computing, Rigetti & Co, LLC., Google LLC.
Owing to advancements in technology, transformation in public attitudes, and growing appreciation of mental health in relation to overall health, mental health care is growing at a rate never experienced before. Because of the increasing awareness of mental health worldwide, over the past few years, new effective, accessible, and tailored solutions have been developed in response to the increasing need for mental health services.
Further, patient sentiments, feelings, trends, and other attributes have big data-related aspects that are being exploited to tailor mental healthcare through technology. This is because artificial intelligence (AI) algorithms can also analyse vast data sets including patient interaction, medical history as well as usage of language in therapy and determine relationships that are otherwise hidden. For instance, in therapy sessions, an example of NLP might be the analysis of recorded talks between patients and the psychologist, enabling the abstraction of data that can highlight determinants of anxiety or depression, even in low degrees. The AI aims at classification and minimizes the classification experiments embedded in trial and error so common in classical pharmacology in the recent therapeutic landscape. This is done in the hope that a model learns and predicts the response of a patient to a particular treatment of drugs by drawing similarities with the health history of other patients.
In addition, clinical practices are made more interpretable under the AI integration as it enables the therapist to have wearables that provide real-time information on the status of the patient which facilitates the adjustment of mental health treatment. Such wearables can monitor information that can be the proxies of mental health such as heart rate variability, sleeping patterns and amount of physical activity. If coupled with AI, these devices can detect incidences of stress or changes in people’s behaviour that suggest the onset of a mental illness.
Furthermore, artificial intelligence is encouraging the development of more customized modes of treatment in therapy by allowing clinicians to make evidence-based decisions. To assist in defining the ideal intervention for the patient, AI is capable of processing information including but not limited to genomic data, neuropsychological evaluations and historical interventions. Some of these systems use design and lifestyle factors, which are especially crucial for mental health, as social determinants of health. With this, therapists can come up with even better treatment plans that will be more patient-based and can change according to how patients respond and progress in the course of treatment in real-time.
Moreover, the increase in the cases of mental health disorders has also increased the need for new technological advancements. For instance, according to data from
Figure 1: People Suffering From Depression, by Employees Global, 2023
Source: Champion Health’s Workplace Health Report
Major Trends
Integration of Artificial Intelligence and Machine Learning
Digital Therapeutics and Mobile Health Applications
Virtual Reality and Augmented Reality in Therapy
Personalized and Precision Mental Health Care
Emphasis on Preventative Mental Health
Workplace Mental Health Programs
Advancements in Neurotechnology
Holistic and Collaborative Methods of Care
Let’s discuss each one in detail.
1. Integration of Artificial Intelligence and Machine Learning
There are major possibilities for transforming mental health care by enhancing diagnosis, tailoring treatment plans and predicting outcomes through artificial intelligence (AI) and machine learning (ML). Mental health chatbots and AI therapists are already bringing mental health services closer to patients, especially those who may be reluctant or not able to come for therapy. These can help provide immediate care when needed to help a person cope with stress, anxiety, and depression, among other situations. AI algorithms will most likely in the future grow into more unrecognizable forms and assess even more complicated variables such as voice understanding, social media activity and body sensors among others to identify problems and give high chances of non-relapse predictions.
2. Digital Therapeutics and Mobile Health Applications
Another transforming aspect in modern society coupled with change in the way a large sector of the population provides for their mental health is mobile health applications which are also referred to as mHealth applications. Mindfulness and meditation programs, cognitive behavioural therapy (CBT) exercises, and other therapies are included in these digital resources. Digital therapeutics is a new sector that aims to develop software-based interventions with proven clinical effectiveness for the improvement of mental health outcomes. Certain applications may allow users to control their mental illness by providing personalized responses, pathways, and therapy sessions. Such applications will most likely become more customized as future iterations incorporate data collected from body-worn devices to deliver on-the-spot help.
3. Virtual Reality and Augmented Reality in Therapy
In the case of PTSD, anxiety disorders, and phobias, therapeutic interventions are being revolutionized by the use of virtual reality and augmented reality. VR-based exposure therapy has become a beneficial device for therapists treating patients suffering from fear since the patients can safely picture and deal with their fears within a given virtual environment. Often, AR creates new therapeutic possibilities by overlaying digital content in the real world. Moreover, it is believed that as these technologies improve, they will be cheap and easy to use, thus allowing more patients to benefit from these modern treatment methods.
4. Personalized and Precision Mental Health Care
In a precision mental health treatment approach, various aspects including the patients’ genetic make-up, brain structure, and the environment that these individuals are in determine treatment. For example, pharmacogenetic testing may determine the metabolism of drugs by the individual. Therefore, doctors will be able to recommend some drugs with a higher chance of efficacy. Additionally, the continuous and instant access to health information makes the use of smart wear and applications ideal as the health providers can adjust the patient’s treatment plan as the health status fluctuates.
5. Emphasis on Preventative Mental Health
Treatment has traditionally been viewed as the primary focus of mental health services and not prevention as is the case today. However, there is a shift towards mental health prevention as people recognize the significance of building capacity and dealing with mental disorders before they escalate. Communities, corporations, and schools, for instance, are embracing paradigms such as stress management programs, mindfulness education, and mental health awareness. This positive way of thinking helps reduce the possibility of the occurrence of severe mental disorders and encourages mental well-being by promoting seeking assistance at an early stage, which eliminates stigma.
6. Workplace Mental Health Programs
In light of the growing understanding of how employee well-being relates to productivity, organizations are actively taking part in mental health interventions more than ever before. To enhance the well-being of their employees, the organizations are instituting programs that offer such services as mindfulness, counselling, and wellness days among others. In the long run, the programs may become very advanced and comprehensive and may even introduce such aspects as stress and worker burnout management devices and supportive services. Moreover, it is anticipated that occupational mental health programs when implemented would also assist in combating mental illness stigma and enhancing the state of the workplace culture.
7. Advancements in Neurotechnology
The integration and application of neurotechnology treatment methods in psychiatric diseases are expected to gain momentum. The work of the EEG is to map out the brain, record brain waves and attempt to discover the early signs of mental health deterioration. TMS activates areas of the brain to treat patients suffering from depression among other disorders. These technologies are still at experimental stages however they may one day help develop non-invasive, focused therapies, thereby rekindling hope in patients who have failed to respond to orthodox medicine.
8. Holistic and Collaborative Methods of Care
The future mental health treatment will revisit physical, emotional and social health as one unit and will become more team and integrated rather than segmented. To create comprehensive care plans, mental health providers are collaborating with other healthcare providers such as primary care doctors, nutritionists and exercise specialists. This model incorporates the understanding that there is a great impact of ‘lifestyle factors such as nutrition, physical activity and sleep on mental health. Focusing on these aspects may result in better mental health outcomes that could be sustained for longer periods
In conclusion, achieving an improved, enhanced, and more individualized mental health service is almost ready because of technological as well as research and increased public awareness. These developments are promising more opportunities in bridging care barriers, decreasing stigma, and allowing for self-management of mental health amongst individuals more so available services. There are still challenges to face, mostly concerning data privacy, ethical boundaries, and accessibility, and a growing demand for the development of mental health services continues to remain an optimism for the inhabitants of the society, who will one day achieve mental health. It will not only be more effective but it can be placed on the health measures where a more collected considerate and more custom-made sphere of mental health will be seen in the upcoming days.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/AI-in-mental-health-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-09 07:48:032024-12-09 08:16:16Future in Mental Health: How AI is Personalizing Treatment Plans
The microcarrier market is projected to grow at a CAGR of 9.32% during the forecast period to reach US$1,905.292 million by 2030, up from US$1,548.099 million in 2025.
The global market for microcarriers has been majorly driven by the growing demand for the cell-based vaccine. According to UNICEF, the delivery of the pentavalent vaccines had been 61.7 million in 2023 and reached 155.1 million in 2024. This sharp increase indicates the demand for whole-cell pertussis vaccine to protect from five diseases in the vaccine. The European Union imported US$ 7,376.031 million worth of vaccines for human medicine in 2023, this is a significant increase from the US$ 6,923.078 million worth of vaccines for human medicine in 2022. This increase in the vaccine demand is due to the growing health concern among the people after the pandemic.
Additionally, the growing demand for alternative medicinal therapies has created a demand for the microcarrier. In October 2024, Cellevate launched the world’s 1st nanofiber microcarrier for gene therapy at CPHI Milan. This technology gives 60 times more surface area for cell growth than conventional systems. Cellevat3d nanofiber microcarriers increase yield and productivity in upstream bioprocessing of gene therapy applications. Cellevat3d nanofiber microcarriers closely mimic the human extracellular environment, providing higher cell densities. Cellevat3d nanofiber microcarriers support a wide range of upstream bioprocessing applications including gene therapy, pluripotent stem cell (PSC) expansion, organoid formation, HEK-based recombinant proteins, and HEK-based vaccine production. Cellevate is a biotech company on proprietary nanofiber technology.
Moreover, one of the emerging trends in application in cell culturing. Microcarriers are finding success in the expanding cell culturing market. In November 2024, Rousselot, and IamFluidics, announced the launch of a novel research-grade dissolvable microcarrier for adherent cell culturing. The product is designed for advanced cell therapies, biologics manufacturing, and cultured meat production. Microcarriers provide a larger surface for cell attachment than traditional flat (2D) cultures and facilitate scaling up from lab-scale to large-scale bioreactors for efficient commercial production.
The new microcarrier offers advantages such as enhanced cell attachment and growth as the denatured collagen promotes cell attachment and growth, rapid dissolution for efficient harvesting (microcarriers dissolve within 15 minutes), high-harvesting efficiency, and easy handling, following standard cell culturing protocols.
Besides, In October 2023, Kuraray Co., Ltd. developed PVA hydrogel microcarriers for cell cultures used in regenerative medicine. The product was launched in January 2024 in Japan and overseas. PVA hydrogel microcarriers were introduced into the bioreactor used for mass cell culture, cells adhere and proliferate on their surface. Microcarriers were resistant to damage when stirred in bioreactors, had been verified for safety, and exhibited cell culture efficiency. The material can be used for three-dimensional culturing by adhering cells on its surface in the culture solution.
By product type, the microcarrier market is segmented into equipment, consumables, reagents, microcarrier beads, and others. The equipment will witness a significant demand in the market due to the growing research and development related to the microcarrier. In June 2023, Teijin Frontier Co., Ltd., announced that it developed new nonwoven microcarriers that enable speedy, large-scale, high-quality cell culture. This scaffolding material can be used for a wide range of cell types and facilitates adherence and growth in three dimensions. In 2024, the company planned to expand marketing of the new nonwoven microcarriers worldwide aiming for global sales of JPY 100 million in fiscal 2026.
By application, the microcarrier market is segmented into biopharmaceutical production, cell and gene therapy, and others. The cell and gene therapy segment application is the upcoming field of application having a notable growth rate.
By end-users, the microcarrier market is segmented into pharmaceuticals & biotechnology companies, research institutes, and contract research organizations. The pharmaceuticals & biotechnology companies are likely to have a significant share as the companies are investing in huge for the development of new products and solutions.
Based on geography, the European region of the microcarrier market will have a significant share. The major countries in the region included the United Kingdom, Germany, France, and Spain. In Germany, denovoMATRIX GmbH launched beadMATRIX for MSCs I Microcarrier for MSCs in May 2022. These developments have played a key role in the advancement of the market.
As a part of the report, the major players operating in the microcarrier market that have been covered are Thermo Fisher Scientific, Merck KGaA, Entegris, Batavia Biosciences B.V., Sartorius AG, and Nucleus Biologics, LLC.
The rise in the market for electric vehicles (EVs) can be ascribed to several reasons with the major one being the demand for less polluted means of transport as compared to internal combustion engines as well as the world’s inclination towards less polluted environment and reducing the greenhouse effect. In all EVs, an electric vehicle powertrain is one of the most important components, because its technology is the conversion of electrical energy stored in batteries to mechanical energy efficient enough for wheel movement while considering the performance, efficiency and range. As the EV sector grows, there is an increase in the demand for advanced powertrain technologies that are necessary for improving vehicle performance, cost reduction as well as battery longevity.
Figure 1: Global Battery Electric Car Stock, in Millions, Global, 2023
Source: International Energy Agency
Major Innovations in Transforming EV Powertrains are as follows
Silicon Carbide (SiC) and Gallium Nitride (GaN) Semiconductors
Solid-State Batteries
Dual-Motor and Tri-Motor Configurations
Lightweight Materials and Advanced Design Techniques
Wireless Power Transfer
Let’s discuss each one in detail.
1. Silicon Carbide (SiC) and Gallium Nitride (GaN) Semiconductors
The rise of SiC and GaN semiconductor devices is perhaps one of the most remarkable developments in the EV powertrain industry today. Standard electric vehicles’ powertrains employ silicons to control and transfer electric energy in its various forms. However, with the use of silicon, there are inherent limitations in performance such as heat and power losses. These issues are addressed by SiC and GaN materials by enabling higher thermal resistance, greater performance efficiency, and faster power switching.
Moreover, SiC has become the most widely adopted composite material for electric vehicles inverters. Inverters are designed to convert the direct or brake battery power supplied to the inverter device into an alternating current of the motor. Since SiC can endure high temperatures as well as high voltage levels, the conversion process loses less energy thus prolonging the range of the vehicle and reducing the cooling requirement. Additionally, GaN possesses unique features that allow it to obtain very high efficiency at low voltages, this makes it a fitting candidate for use in EV parts where size and low energy loss are paramount.
2. Solid-State Batteries
Solid state batteries (SSBs), easily considered the next level of evolution in battery technology, which is crucial for the performance of electric vehicles, are one of the most encouraging advances in battery technology. In a standard lithium-ion battery, a liquid electrolytic is introduced between the cathode and anode to facilitate the movement of ions from the spokes to the axis and vice versa. In this way, solid-state batteries have several advantages in comparison with customary designs of solid-state batteries.
One of the most notable solid-state batteries developments is the energy density. The possible mileage of EVs can be enhanced without an increase in the size and weight battery pack thanks to the solid electrolytes which enable SSBs to provide enhanced energy density in comparatively weight and volumetric less solid batteries. In addition, a solid electrolyte battery is much safer than a lithium-ion battery, which can overheat and even catch fire in certain conditions because the solid electrolyte in these types of batteries does not easily undergo thermal fluctuations.
Moreover, solid-state batteries allow for charging periods that are less than the conventional cycle times because they allow higher charging currents without the risk of thermal runaway or decomposition. With plans to commercialize this technology in about ten years, automotive companies such as Toyota and startup firms like QuantumScape are heavily funding research on solid-state batteries.
3. Dual-Motor and Tri-Motor Configurations
To enhance their efficiency and functionality, motor vehicle manufacturers are now incorporating dual motor and tri-motor elements that enable one to control the torque given to different wheels. Each axle has its motor allowing a dual motor set up to implement all-wheel drive. A third motor that helps in augmenting the torque is added to the two-motor setup which provides impressive acceleration and stability a third motor configuration is common.
Several advantages come with these multi-motor configurations like they improve stability and traction, especially in adverse situations. Since these vehicles can vary the traction of every motor, they are best suited for off-road driving, and also in winter conditions, since the vehicles can ensure maximum grip on different surfaces. For this reason, which is a key factor for many consumers, EVs outperform single-motor systems.
Moreover, multi-motor configurations increase energy efficiency. At low speeds, the vehicle uses only one motor, lowering energy consumption and extending the vehicle’s range. The extra motor or motors come into play during acceleration, or power when the vehicle is driven at a higher speed. The principles of tri-motor layouts have been evident in the Tesla Model S Plaid and the Rivian R1T, where agility and speed have been taken to new heights. Automotive companies that make electric vehicles see the need for a multi-motor design to give consumers power, efficiency and stability.
4. Lightweight Materials and Advanced Design Techniques
As a vehicle with less weight requires less energy for motion, it is essential to reduce vehicle weight to improve the range and efficiency of the EV. The design of the powertrains and the other components of the electrified vehicles in the current era is evolving with the use of advanced light materials and modern engineering practices economies which lead to improved vehicle performance without compromising on strength or safety.
Further, the body structures and powertrain parts of electric vehicles are fabricated using materials such as carbon fibre-reinforced plastics and aluminium. Being less dense in weight but having high strength, the manufacturers are even able to reduce weight without compromising safety levels through the use of these materials. This is owing to the highly combative nature against corrosion and the significant strength versus weight ratio that aluminium provides especially to motor housings and battery enclosures.
Advanced technologies such as 3D printing and associative layer manufacturing systems have also started to change the dynamics of the making of electric vehicle parts. The inventive approaches include the production of non-standard shapes and systems or structural elements of high complexity that could not be manufactured by classical approaches. Costs for material waste and speed-up cycles of creativity and expense through additives are some of the advantages of the technology called additive manufacturing. These techniques have been employed by companies such as Ford and BMW to manufacture lightweight and high-strength components, proving that material and design development is worth it in terms of vehicle range and efficiency.
5. Wireless Power Transfer
Today, one of the most advanced approaches to EV charging is wireless power transfer (WPT) technology, which can potentially render the requirements for physical plug-in connection obsolete. With WPT technology, it becomes easier to charge energy sources, and new possibilities emerge, such as charging on the go on high-speed roadways using a charging mat for the electric vehicle.
Electric vehicles equipped with wireless receivers can charge while driving on roadways that have the power supply system built into them due to the application of electric dynamic wireless power transfer technology. This system could potentially eliminate the waiting period usually associated with charging EVs, thus improving the range of the vehicle to an unlimited degree, provided the vehicle is equipped with relevant charging infrastructure. Dynamic charging in particular could be beneficial for fleet vehicles and public buses where there is little downtime.
If an EV is parked and positioned above a charging pad, wireless charging allows the vehicle to charge without user intervention. This wireless charging system is particularly appealing to commercial and household electric vehicle users as it minimizes the stress on charging ports. WPT is still in its infancy stage but it will revolutionise the concepts associated with electric vehicle charging infrastructures.
In conclusion, developments in silicon carbide semiconductors, solid-state batteries, multi-motor systems, lightweight structures, wireless power operations and robotics driving systems are revolutionizing electric vehicles hence taking the EV powertrain market from the automotives. To address the impacts of the first battery-powered vehicle designs and make the alternative of electric mobility more practical, inexpensive, and eco-friendly for clients and businesses, such progress is indispensable. Without the advancement of EV powertrain technologies, it is unlikely that there will be significant growth in the number of EVs as well as a movement towards cleaner forms of transportation.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/12/EV-powertrain-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-12-06 09:25:562024-12-06 09:43:33Driving the Future: Innovations Transforming the EV Powertrain Market
The aspartame market is anticipated to grow at a CAGR of 3.20% over the forecast period to reach US$356.472 million by 2029, increasing from estimated value of US$304.534 million in 2024.
Aspartame is a non-saccharide sweetener, used as a sugar substitute majorly in foods and beverages. They have 200 times more sweetness of sugar, yet deliver significantly fewer calories and are made from amino acids phenylalanine and aspartic acid. They are also widely utilized in the pharmaceutical industry as part of a carefully controlled diet by those who are diabetic. It is produced by fermentation and is generally safe to use when consumed in moderate amounts. Aspartame is widely found in diet sodas, chewing gum, sugar-free candies, and other processed foods.
Increasing health concerns and growing demand for sugar-free products, low-calorie food, and confectionery products are fueling the popularity of aspartame. Further, the request for low-calorie sugar options is rising with the rise in obesity levels and diabetes, leading to customers necessitating to follow healthier life choices. Since the aspartame flavor profile resembles sugar without calories it is a popular alternative. It is one of the foremost tested and studied items in the market around the world. They are cost-effective and efficient which provides more opportunities for product advancement and new pharmaceutical applications as well as personal care cosmetics items, which is leading to driving market development in the coming years.
Based on the product type, the aspartame market is divided into powder and granular. The versatility and ease of powdered aspartame in several applications are anticipated to make it the major contributor to the growth of the aspartame market. Some of the key reasons for its extensive usage include rapid solubility which allows easy formulation into a wide range of food and beverage products, fine-grained texture ensuring a good dispersibility effect as well as high stability which means that its sweetness remains unaltered under different conditions.
Based on the sales channel, the aspartame market is classified into online and offline. The Aspartame market is expected to see significant growth with the online sales channels segment. This is significantly due to increase in the e-commerce, it has become convenient for people to buy various products including aspartame-containing items. Online shopping provides affordable options, easy comparison of prices of various items, and different sellers to help consumers buy which is best for them. Online stores can carry a wider variety of aspartame products than offline channels, both in terms of different brands and package sizes and flavors.
Based on the end-user industry, the aspartame market is categorized into food & beverages, pharmaceuticals, and others. The food & beverages market will accelerate the aspartame market growth in the coming years. Consumer preferences and tastes for healthier food, and low-caloric, sugar-free options drive the aspartame market in food & beverage applications. They are utilized in diverse product applications, such as soft drinks, carbonated beverages, juices, dairy products, and even baked foods and confectionery.
Based on geography, Asia-Pacific is the fastest-growing region for the aspartame market due to various factors. Demand for processed foods and beverages is increasing in the Asia-Pacific region as the population grows and rises in urbanization, with many of these products containing aspartame for sweetness. People began to look for sugar substitutes with the rise in health consciousness. With the rise in consumers disposable income, there is a rise in spending for food and beverages products.
As a part of the report, the major players operating in the aspartame market that have been covered are Niutang Chemical Ltd., Hermes Sweetener Ltd., Ajinomoto Group, Foodchem International Corporation, Vitasweet, Whole Earth Brands, Chemball, and Ingredion Incorporated.
The Future of Clean Energy: The Role of Liquid Hydrogen in Global Decarbonization
Thought ArticlesClean energy is a form of energy that is generated without producing any form of pollution to nature. There are various types of clean energy being used across the globe, which include solar energy, wind energy, geothermal energy, and hydro energy among many others. Among the various sources of clean energy, liquid hydrogen is among the most efficient and optimum sources of fuel, which has the capability to replace various types of natural gases and non-renewable fuels like coal. Liquid hydrogen is a form of hydrogen in a liquid state. Liquid hydrogen offers multiple advantages over non-renewable sources of energy. It offers a higher energy density and is easier to store and transport.
Use Case:
The increasing global demand for liquid hydrogen among multiple sectors is expected to propel the growth of liquid hydrogen in the clean energy sector.
1. Increasing global demand for energy production
A major factor propelling the growth of the global liquid hydrogen market is the increasing global demand for energy across the global market. Liquid hydrogen offers critical applications global energy sector. The liquid hydrogen is generally used for the production of high-energy nuclear physics and bubble chambers. Liquid hydrogen is also used as a fuel source for internal combustion engines, or in fuel cells.
The production of energy across the global market witnessed significant growth over the past few years. The Enerdata, in its report, stated that in the past few years, the production of energy increased in all the major companies. The agency stated that in 2022, the production of energy in China and the USA was recorded at 3,112 and 2,326 Mtoe respectively, whereas the production of energy in India was recorded at 700 Mtoe in 2022. The production of energy in China and the USA increased to 3,190 and 2,429 Mtoe respectively, whereas the energy production in India was recorded at 748 Mtoe.
Figure 1: Production of Energy in the USA, China, and India, Mtoe, 2022 and 2023
Source: Enerdata
2. Introduction of key policies and investment opportunities for hydrogen production
With the increasing global demand for clean energy in the global energy sector, the demand for liquid hydrogen is expected to propel exponentially. Various countries and market leaders introduced key policies and investment schemes in the renewable energy sector, which are aimed at boosting the growth of global liquid hydrogen production. Various countries across the globe introduced key policies and investment opportunities in global renewable energy production. For instance, India introduced its National Green Hydrogen Mission, in March 2023, which aims to boost the green hydrogen production in the nation to about 5 million MT per annum.
Similarly, the New Zealand Foreign Affairs & Trade, in its report stated that in June 2023, Japan revised its Hydrogen Basic Strategy, which aims to boost the production of hydrogen in the nation. Under its new strategy, the government introduced three new features, which include increasing the volume target to 12 million tonnes annually by 2040, aiming for 3.4 kg of CO2 emission for every 1kg of hydrogen produced, and attaining about 10% of the global electrolyzer market.
The Government of Germany introduced the German Recovery Plan, which is aimed at expanding the production of hydrogen and limiting the nation’s reliance on coal. Through this plan, the nation aims it develop the production capacity in the nation to 5GW by 2030, and further build a 5GW production facility by 2035 and 2040. The nation also aims to promote the utilization of hydrogen in the industrial sector. The plan also introduces a trade partnership with EUR 2 billion.
3. Increasing production of hydrogen
The increasing production of hydrogen in the global market is expected to propel the growth of the global liquid hydrogen in the clean energy market. The global production of hydrogen witnessed significant growth over the past few years. The International Energy Agency, in its report, stated that in 2023, the total production of hydrogen was recorded at 97 Mt. The agency further stated that in 2023, the total installed capacity of water electrolyzers was recorded at 1.4 GW, and is expected to reach 5GW by 2024.
Key Developments
In the global clean energy sector, liquid hydrogen plays a critical applications. The liquid hydrogen is used as an alternative source of energy for non-renewable sources of energy. The liquid hydrogen is used across multiple sectors, which include automotives, aviation, industrial, and energy storage among others. With the increasing demand for clean energy in the global market, the demand for liquid hydrogen is expected to surge significantly.
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Silicon Carbide Market size worth US$4.863 billion by 2029
Press ReleasesThe silicon carbide market is estimated to be around US$1.672 billion in 2024 and is anticipated to grow to US$4.863 billion by 2029 at a CAGR of 23.80%.
Silicon carbide (SiC), also called carborundum, is a semiconductor consisting of silicon and carbon. It is found in nature as the extremely rare mineral moissanite, but more commonly manufactured artificially. High hardness, sulfide resistance, chemical stability, and semiconductor properties are the primary characteristics of SiC which makes it useful for various industries. Due to its hardness, it can be used for sandpaper and makes a fine material in grinding wheels as well as utilized in cutting tools while bigger pieces are made into abrasive grains serving as furnace linings or heating elements. Power electronics and LED are some of the electrical components that widely utilize SiC due to their special properties in the electric sector.
As per the report, the silicon carbide market is anticipated to develop at a significant pace.
There are numerous factors contributing to the growth of the silicon carbide market during the forecasted period. SiC is utilized to increase the efficiency and execution of hybrid electric vehicles (HEVs). Further, solar and wind power are utilizing SiC-based inverters and converters for similar applications. Using SiC devices will strengthen energy storage system efficiency and power density. Additional industrial utilization includes high-temperature electronic products and telecommunications. The base stations and other infrastructure components utilize SiC devices to enhance efficiency as well as cut power consumption. Moreover, the cost and quality of such materials are now better due to advancements in SiC technology.
The market is witnessing diverse collaborations and innovative technological advancements, for instance, in August 2024, Infineon Technologies AG began the primary stage of a new 200-millimeter silicon carbide (SiC) power semiconductor fab in Malaysia, stamping the world’s biggest and most competitive 200-millimeter fab.
Based on the type, the silicon carbide market is divided into sintered silicon carbide, nitride-bonded silicon carbide, and reaction-bonded silicon carbide. Sintered silicon carbide is expected to have a major share in the market due to its high durability, and low maintenance prices employed in major industries such as electronics, and automotive. Its thermal conductivity enables accurate temperature control, and it will also exhibit excellent performance over time in more challenging environmental conditions due to its chemical stability.
Based on the application, the silicon carbide market is classified into brakes & clutches, solar panels, turbines, semiconductors, deoxidizing agents, light-emitting diodes, and others. the growth in the silicon carbide market is mainly driven by brakes and clutches, especially for the EV industry. This is because of their high-temperature stability, wear resistance, and low weight combined with good thermal conductivity. The material can handle intense heat-ideal for EV braking systems as well as lower density to help reduce vehicle weight and thus improve fuel efficiency and performance.
Based on industry vertical, the silicon carbide market is divided into automotive, energy, steel industry, electronics, and others. The automotive industry contributes majorly to the growth of a silica carbide market that is driven by increasing demand for EVs and the requirement for further durable and efficient automotive parts. Those characteristics make SiC very suitable for utilization in components like power electronics, inverters, and motor control systems in EVs. In addition, SiC components can also be employed in electric motors and power electronics for hybrid vehicles.
Based on geography, the silicon carbide market is extending majorly in the Asia Pacific region due to various variables. Due to the increasing technological landscape in diverse countries of the Asia Pacific region with the increasing utilization of semiconductors and SiC chips in electronic products. Further, rising governmental incentives to propel the market in the Asia Pacific region, coupled with increasing production and demand for consumer electronics is expected to drive a huge increase within this segment. In addition, the expansion in the green or sustainable energy market with a particular spotlight on the solar sector is also expected to significantly generate demand for SiC owing to the increment in energy and power activities globally.
As a part of the report, the major players operating in the silicon carbide market that have been covered are Saint Gobain, AGSCO Corp, Anyang Jinbeite Metallurgical Refractories Co., Ltd., WolfSpeed Inc, Microchip Technology Inc., INSACO Inc, N.B. Enterprises, Shot Blaster, Carborundum Universal Limited, Zee Precision Carbographite Industries, Henan Silk Road Abrasives & Tools Co., Ltd., ROHM Co., Ltd., and Infineon Technologies AG.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/silicon-carbide-market
This analytics report segments the silicon carbide market on the following basis:
Transforming Customer Interactions: The Rise of AI in Customer Service
BlogAs the rapid pace of technological advancement and changes in consumer preferences have made the business environment much more dynamic, the pressure on businesses to offer superb customer service is always present. Customer service which is a competitive advantage of a brand has an impact on the brand reputation and customer loyalty. However, I contend, that the present-day requirements for example 24/7 support, quick resolutions, and tailored service with patronization of classical approaches more often than not do not meet such demands satisfactorily.
There will be, however, ease and realism in the power of Information Technology that business organizations will be able to rethink their primary focus from production or profit-making to establishing solid relations with stakeholders. AI is no longer a discernible subtext; it is now commonplace and instrumental in contact with the client. At the moment a lot is being done in the practical implementation of AI systems into customer services starting from smart negotiations using interlocutors that look and behave as live persons and to psychoanalytic-oriented algorithms that will suggest what your customers want.
Moreover, the extensiveness of the customer service management concerned with AI is precarious to mere automation of the process. The advent of such technologies, often tactical augmentation of existing systems and processes, is changing the emphasis of what is considered ‘good customer service’ in an age of increasing growth and dependency on technology. Customer service is mostly used by insurance 68%, healthcare 67%, telecom 64%, automotive 61%, home services 60%, financial services 60%, and travel 53%, which are the industries where consumers are most likely to call when making purchases.
Figure 1: Percentage Use of Customer Services by Industry, 2024
Source: Invoca
AI is transforming customer service in the following ways:
Due to the inclusion of AI systems, personalization has reached new heights. Convolution networks allow businesses to scrutinize consumer behaviour data and get insights into their preferences, previous purchases, and behavioural tendencies. This enables them to tailor every interaction with every customer. There are also AI-enabled chatbots that can address a client by name, recommend goods from past purchases or even foresee what a client requires before they voice it. Such experiences are unique and help to build a stronger bond with the customer as well as their satisfaction.
In the customer service industry, one of the many areas that benefit from AI is the immediacy of responses. In the case of chatbots and other virtual assistants same or different conversations, involve the use of natural language processing (NLP) which allows interaction with several customers at once, hence waiting time is minimized. Unlike human agents who may rest, AI mechanisms are active all the time meaning that even at night clients will still get help if they have any issues. More so AI can also attend to frequently asked questions or queries without the need of a person which allows the customer support teams to focus on the more complex issues that require human interaction, empathy and reasoning.
AI seeks to answer questions rather than waiting for them to be posed. Such analysis helps companies to mitigate the impact of certain issues before it escalates into a more serious situation. For example, a company may decide to invest in prior research on its customers’ complaints or product usage patterns to save them from losing their clients in the future. AI also allows businesses to forecast customer behaviour and subsequently provide discounts or promotions when most likely to increase sales.
Customer service costs suffer greatly when AI is not used. Many operational costs are cut down to size, thanks to the elimination of the need for huge workforces, as a result of using different technological tools. AI systems are also very flexible and can be increased or decreased depending on the current requirements of the organization. AI can handle more clients when there are peak seasons without compromising on the quality of service offered to the clients, thus ensuring there is constant customer satisfaction.
Challenges
The implementation of AI in customer service, though advantageous, has its challenges. A significant dependence on these systems may eliminate the element of human touch, which is vital in creating emotions and earning trust. Also, since AI systems work well with user data, there are concerns over the privacy and security of the data that present a cogent threat. To avoid losing customers, firms must ensure that their data reaches out to customers who understand the issues and do not contravene laws in place.
Further AI in Customer Service
As technology continues to improve, the role of AI in customer care will become more advanced. One such indulging work is advanced sentiment analysis that seeks to enable the machines to understand customers and their feelings better. Enhancement of customer experience can also be taken a notch higher with support solutions that would leverage AR and VR technologies which will improve the market.
In conclusion, the consumer engagement paradigm is being altered through the combination of AI, which is the efficiency, personalization and prediction capability of AI putting service interactions to another level. Transforming customer service does sound enticing, although it comes with challenges that must be dealt with. Businesses can benefit from AI services in a way that allows them to go beyond customer satisfaction and create a new level of provision excellence.
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Data Center Security Market size worth US$33.717 billion by 2029
Press ReleasesThe data center security market is estimated to grow at a CAGR of 17.36%, from US$15.145 billion in 2024 to reach US$33.717 billion by 2029.
Data center security is the physical and digital support of data centers through various instruments to protect applications, and data, that are rigorously operational from any external breaches or cyber-attacks. Key benefits of these data center system solutions are they assist organizations optimize and validate their data centers through enhanced reliability, and scalability among others. Increasing usage of internet services and growing penetration are generating high amounts of data from various end-user industries. This is considered as one industrial driver for the development and installation of data center security.
The rapid expansion of the market demand for data center security is driven by the adoption of cloud computing, increasing data from IoT sensors, social media, and e-commerce globally. Besides that, cyberattacks are becoming more frequent with increased complexity which demands data center security systems. Cloud service providers are obligated to deploy strong security practices to secure sensitive data, further, organizations invest in advanced cybersecurity solutions to ensure the safeguarding of their valuable resources of information. The evolution of the threat landscape emphasizes the importance of strong security in data centers, and as a result, enterprises are making higher investments in innovative security technologies to safeguard their digital businesses.
The market is witnessing diverse collaborations and innovative technological advancements, for instance, in May 2024, Flexxon showcased the X-PHY® Server Defender, the first standalone and fully autonomous cybersecurity module in the world, which gives full-stack managing and defense from both equipment and firmware layers in data center, at the RSA Conference 2024.
Based on the type, the data center security market is divided into mid-sized data centers, enterprise data centers, and large data centers. The enterprise data center segment is predicted to contribute largely to the data center security market due to the high sensitivity of its application and security needs in industries such as finance, healthcare, and governments consequently considerable investment is being made by enterprises leading toward automation services. Since, they are vulnerable to cyberattacks, which will promote the advanced cybersecurity solution.
Based on the solution, the data center security market is classified into two main solutions which are physical security solutions and logical security solutions. The physical security solutions are further divided into monitoring solutions, analysis, and modeling, access control, and video surveillance, while logical security solutions are further divided into compliance management and access control, threat and application security solutions, and data protection solutions. The data center security market for logical security solutions is expected to grow significantly in the coming years, owing to the digital transformation with remote access as well as increasing cloud adoption trends. As businesses require electronic storage and processing of all their valuable assets, there is a requirement for mechanisms to protect the digital data & systems.
Based on the service, the data center security market is categorized into managed security services, security consulting, and professional services. Managed security services are expected to make significant contributions in this industry of data center security, as they work in managed identity and access management, and risk compliance management which will provide continuous monitoring to improve threat detection. Another benefit to managed security services is cost-effective service that can leverage economies of scale and the expertise of a service provider, bringing down the costs associated with finding qualified in-house experts to take care of new threats.
Based on industry vertical, the data center security market is divided into banking and financial services, manufacturing, healthcare, government, media, and entertainment, and others. The banking and financial services industry is projected to significantly contribute to the growth of the data center security market due to stringent regulations associated with data privacy along with high-value targets for Cyber breachers, and complex IT infrastructure followed by rising penetration digitalization across various sectors.
Based on geography, the data center security market is extending majorly in the Asia Pacific region due to various variables. The regional growth is associated with rapid digital transformation, growing dependence on various data center innovations particularly in the form of cloud computing, IoT, and AI as well as increasing quantity of data being generated from sources like social media. This results in consistently increasing e-commerce and online services, thus more transactions done on the go with sensitive data, which necessitates the data center security solutions in the region.
As a part of the report, the major players operating in the data center security market that have been covered are Cisco Systems, Inc., Trend Micro Incorporated, Dell Inc., IBM, Juniper Networks, Inc., Broadcom, IAM Networks, Fortinet, Inc., RSI Security, Securitas Technology, Honeywell International Inc., and Palo Alto Networks.
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Neuroprosthetics Market size worth US$14.927 billion by 2030
Press ReleasesThe global neuroprosthetics market is expected to grow at a CAGR of 12.91%, reaching a market size of US$14.927 billion in 2030 from US$8.645 billion in 2025.
Neuroprosthetics is a type of prosthetics device, that integrates biomedicine and neuroscience. A major purpose of neuroprosthetics is to restore the sensory, cognitive, and motor functions of patients. The neuroprosthetics interface with the spinal or brain circuits, which helps in enhancing the body’s functionality. The major function of neuroprosthetic devices is to restore the motor functionality of paralyzed patients. The global neuroprosthetics market is expected to witness significant growth with the growing global cases of neurological disorders. The global cases of neurological disorders in the past few years have witnessed significant growth. The World Health Organization, in its report, stated that about 1 in every 3 individuals in the globe is affected by some type of neurological disease. Similarly, the World Federation of Neurology in its paper stated that as of 2023, about 40% of the total global population suffers from neurological conditions. The federation further stated that Stroke, Neonatal encephalopathy, Migraine, Dementia, and Meningitis are among the most common neurological disorders prevailing across the globe.
With the rising global demand for neuroprosthetics devices, various research organizations have increased their research and development investment in the market. For instance, the RICE University and Houston Methodist in January 2024, launched the Center for Neural System Restoration, which is aimed to enhance neuroscience research and treatment innovations. Similarly, in March 2022, the University of Alabama at Birmingham (UAB) launched the Neuroengineering and Brain-Computer Interface Initiative.
The type segment of the global neuroprosthetics market is categorized into output neural prosthetics and input neural prosthetics. The output neural prosthetics category of the type segment is estimated to attain a greater market share in the global neuroprosthetics market during the forecasted timeline. The output neural prosthetics devices are a type of neuroprosthetic device, which enhances the output of the neural system.
By technique, the global neuroprosthetics market is segmented into deep brain stimulation, spinal cord stimulation, sacral nerve stimulation, transcranial magnetic stimulation, and vague nerve stimulation. Under the technique segment, the deep brain stimulation category is forecasted to witness significant growth in the global neuroprosthetics market. Deep brain stimulation or DBS is a type of neurosurgical procedure, which is used to implant electrodes and electrical stimulation. The DBS technique is used for the treatment of Parkinson’s disease, dystonia, and other type of neurological disorders.
The global neuroprosthetics market, under the application segment, is categorized into auditory processing disorders, Parkinson’s disease, epilepsy, ophthalmic disease, cardiovascular disease, paralysis, Alzheimer’s disease, and others. The Parkinson’s disease category of the application segment in the global neuroprosthetics market is expected to grow at a significant rate. Parkinson’s disease is a neurological disease, in which the part of the brain deteriorates which causes severe neurological symptoms. The global cases of Parkinson’s disease witnessed an increase, with over 1 million individuals living with Parkinson’s disease in the USA, and about 90,000 individuals being diagnosed with the disease every year, as stated by the Parkinson’s Foundation.
Based on geography, the European region is expected to witness significant growth in the global neuroprosthetics market. The North American region is among the global leaders in neurological and pharmaceutical technology leader. The governments of multiple countries, especially the USA and Canada have also introduced key policies and investment schemes to boost the research and development investment in the region.
As a part of the report, the major players operating in the global neuroprosthetics market that have been covered are SenArs, LivaNova PLC, Medtronic PLC, Sonova Holding AG, Boston Scientific Corporation, Cochlear Ltd, Demant AS, Abbott Laboratories, NeuroPace, Inc., BrainGate, and NDI Medical.
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Quantum Computing Market size worth US$6,291.361 million by 2029
Press ReleasesThe quantum computing market is valued at US$1,428.076 million in 2024 and is expected to grow at a CAGR of 34.52% to reach the value of US$6,291.361 million by 2029.
Quantum computing is an emerging computer technology, which comprises elements of computer science, physics, and mathematics, to utilize quantum mechanics for solving complex problems. Quantum computing uses various types of sub-atomic particles, like photons and electrons. Quantum computing offers a wide range of applications and benefits over traditional or conventional computing technology it has the capability to solve complex computer tasks in a fraction of the time used by classic computers. Quantum computing also offers high speed, which can help in faster decision-making. Quantum computing technology is forecasted to act as a major factor in the development of new technologies like artificial intelligence (AI) and machine learning (ML).
The globe witnessed massive technological development in the quantum computing market, majorly with the increasing investment in research and development of the technologies. Several technological-based companies introduced new solutions and services in the global quantum computing market. In March 2024, Nvidia, a multinational technological leader, announced the launch of its cloud quantum-computer simulation microservice. The company aims to push the boundaries of quantum computing exploration, through the availability of this service. This microservice includes generative quantum eigensolver and QC wave promethium. Similarly, in December 2023, IBM, one of the biggest computer technology providers, announced the launch of its next-generation quantum processor and IBM Quantum System Two.
The company stated that the IBM Quantum System Two begins its operations with three IBM Heron processors, the latest quantum processor by the company, which is mainly designed to enhance the operationalization of quantum-centric supercomputing.
The component segment of the quantum computing market is categorized into hardware and software & service. The hardware category, under the component segment of the global quantum computing market, is forecasted to attain greater market share. A few of the major hardware of quantum computing include quantum processors and electronic components. The quantum processors are among the most important components of any quantum computer, which enable the operation of these types of computers.
The quantum computing market, under the deployment segment, is categorized into on-premises and cloud-based. Under the deployment segment of the quantum computing market, the cloud-based category is estimated to attain a greater market share. Under the cloud-based deployment of quantum computers, the actual components of the computer are stored at a remote location and are connected to institutions or enterprises through high-speed servers. The cloud-based deployment of quantum computers offers a cost-efficient method of quantum computing operation, and it also reduces the maintenance cost for enterprises.
By industry vertical, the quantum computing market is categorized into BFSI, automotive, manufacturing, healthcare, IT & telecom, energy & power, and others. The healthcare category of the global quantum computing market, under the industry vertical segment, is forecasted to grow at a greater rate. In the healthcare sector, quantum computing can offer a wide range of applications, from disease prevention to drug development. Through the use of quantum computing, the formulation and synthesizing process of new drugs can happen at a much faster rate, with minimum risk of failure.
The quantum computing market, by applications, is categorized into artificial intelligence & machine learning, computational chemistry, drug design & development, cybersecurity & cryptography, financial modeling, logistics optimization, and others. The artificial intelligence & machine learning category of the global quantum computing market, under the application segment, is anticipated to gain a greater share. With the use of quantum computing, much better and more effective AI algorithms can be generated, and it can enhance the ability of the AI technology.
Based on geography, the North America region is anticipated to attain significant growth in the global quantum computing market. The North American region is among the leading technological developers across the globe. Countries like the USA and Canada are also among the fastest adopters of new technologies, like quantum computers into their ecosystems. Furthermore, the increasing investment by governmental and private organizations to boost the capability of quantum computing, and its integration across multiple key industries, like healthcare, and cybersecurity.
As a part of the report, the major players operating in the quantum computing market that have been covered are IBM, Microsoft, Quantum Computing Inc., Intel Corporation, D-Wave Quantum Inc, Quix Quantum BV, Alpine Quantum Technologies GmbH, ORCA Computing, Rigetti & Co, LLC., Google LLC.
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This analytics report segments the quantum computing market as follows:
Future in Mental Health: How AI is Personalizing Treatment Plans
Thought ArticlesOwing to advancements in technology, transformation in public attitudes, and growing appreciation of mental health in relation to overall health, mental health care is growing at a rate never experienced before. Because of the increasing awareness of mental health worldwide, over the past few years, new effective, accessible, and tailored solutions have been developed in response to the increasing need for mental health services.
Further, patient sentiments, feelings, trends, and other attributes have big data-related aspects that are being exploited to tailor mental healthcare through technology. This is because artificial intelligence (AI) algorithms can also analyse vast data sets including patient interaction, medical history as well as usage of language in therapy and determine relationships that are otherwise hidden. For instance, in therapy sessions, an example of NLP might be the analysis of recorded talks between patients and the psychologist, enabling the abstraction of data that can highlight determinants of anxiety or depression, even in low degrees. The AI aims at classification and minimizes the classification experiments embedded in trial and error so common in classical pharmacology in the recent therapeutic landscape. This is done in the hope that a model learns and predicts the response of a patient to a particular treatment of drugs by drawing similarities with the health history of other patients.
In addition, clinical practices are made more interpretable under the AI integration as it enables the therapist to have wearables that provide real-time information on the status of the patient which facilitates the adjustment of mental health treatment. Such wearables can monitor information that can be the proxies of mental health such as heart rate variability, sleeping patterns and amount of physical activity. If coupled with AI, these devices can detect incidences of stress or changes in people’s behaviour that suggest the onset of a mental illness.
Furthermore, artificial intelligence is encouraging the development of more customized modes of treatment in therapy by allowing clinicians to make evidence-based decisions. To assist in defining the ideal intervention for the patient, AI is capable of processing information including but not limited to genomic data, neuropsychological evaluations and historical interventions. Some of these systems use design and lifestyle factors, which are especially crucial for mental health, as social determinants of health. With this, therapists can come up with even better treatment plans that will be more patient-based and can change according to how patients respond and progress in the course of treatment in real-time.
Moreover, the increase in the cases of mental health disorders has also increased the need for new technological advancements. For instance, according to data from
Figure 1: People Suffering From Depression, by Employees Global, 2023
Source: Champion Health’s Workplace Health Report
Major Trends
Let’s discuss each one in detail.
1. Integration of Artificial Intelligence and Machine Learning
There are major possibilities for transforming mental health care by enhancing diagnosis, tailoring treatment plans and predicting outcomes through artificial intelligence (AI) and machine learning (ML). Mental health chatbots and AI therapists are already bringing mental health services closer to patients, especially those who may be reluctant or not able to come for therapy. These can help provide immediate care when needed to help a person cope with stress, anxiety, and depression, among other situations. AI algorithms will most likely in the future grow into more unrecognizable forms and assess even more complicated variables such as voice understanding, social media activity and body sensors among others to identify problems and give high chances of non-relapse predictions.
2. Digital Therapeutics and Mobile Health Applications
Another transforming aspect in modern society coupled with change in the way a large sector of the population provides for their mental health is mobile health applications which are also referred to as mHealth applications. Mindfulness and meditation programs, cognitive behavioural therapy (CBT) exercises, and other therapies are included in these digital resources. Digital therapeutics is a new sector that aims to develop software-based interventions with proven clinical effectiveness for the improvement of mental health outcomes. Certain applications may allow users to control their mental illness by providing personalized responses, pathways, and therapy sessions. Such applications will most likely become more customized as future iterations incorporate data collected from body-worn devices to deliver on-the-spot help.
3. Virtual Reality and Augmented Reality in Therapy
In the case of PTSD, anxiety disorders, and phobias, therapeutic interventions are being revolutionized by the use of virtual reality and augmented reality. VR-based exposure therapy has become a beneficial device for therapists treating patients suffering from fear since the patients can safely picture and deal with their fears within a given virtual environment. Often, AR creates new therapeutic possibilities by overlaying digital content in the real world. Moreover, it is believed that as these technologies improve, they will be cheap and easy to use, thus allowing more patients to benefit from these modern treatment methods.
4. Personalized and Precision Mental Health Care
In a precision mental health treatment approach, various aspects including the patients’ genetic make-up, brain structure, and the environment that these individuals are in determine treatment. For example, pharmacogenetic testing may determine the metabolism of drugs by the individual. Therefore, doctors will be able to recommend some drugs with a higher chance of efficacy. Additionally, the continuous and instant access to health information makes the use of smart wear and applications ideal as the health providers can adjust the patient’s treatment plan as the health status fluctuates.
5. Emphasis on Preventative Mental Health
Treatment has traditionally been viewed as the primary focus of mental health services and not prevention as is the case today. However, there is a shift towards mental health prevention as people recognize the significance of building capacity and dealing with mental disorders before they escalate. Communities, corporations, and schools, for instance, are embracing paradigms such as stress management programs, mindfulness education, and mental health awareness. This positive way of thinking helps reduce the possibility of the occurrence of severe mental disorders and encourages mental well-being by promoting seeking assistance at an early stage, which eliminates stigma.
6. Workplace Mental Health Programs
In light of the growing understanding of how employee well-being relates to productivity, organizations are actively taking part in mental health interventions more than ever before. To enhance the well-being of their employees, the organizations are instituting programs that offer such services as mindfulness, counselling, and wellness days among others. In the long run, the programs may become very advanced and comprehensive and may even introduce such aspects as stress and worker burnout management devices and supportive services. Moreover, it is anticipated that occupational mental health programs when implemented would also assist in combating mental illness stigma and enhancing the state of the workplace culture.
7. Advancements in Neurotechnology
The integration and application of neurotechnology treatment methods in psychiatric diseases are expected to gain momentum. The work of the EEG is to map out the brain, record brain waves and attempt to discover the early signs of mental health deterioration. TMS activates areas of the brain to treat patients suffering from depression among other disorders. These technologies are still at experimental stages however they may one day help develop non-invasive, focused therapies, thereby rekindling hope in patients who have failed to respond to orthodox medicine.
8. Holistic and Collaborative Methods of Care
The future mental health treatment will revisit physical, emotional and social health as one unit and will become more team and integrated rather than segmented. To create comprehensive care plans, mental health providers are collaborating with other healthcare providers such as primary care doctors, nutritionists and exercise specialists. This model incorporates the understanding that there is a great impact of ‘lifestyle factors such as nutrition, physical activity and sleep on mental health. Focusing on these aspects may result in better mental health outcomes that could be sustained for longer periods
In conclusion, achieving an improved, enhanced, and more individualized mental health service is almost ready because of technological as well as research and increased public awareness. These developments are promising more opportunities in bridging care barriers, decreasing stigma, and allowing for self-management of mental health amongst individuals more so available services. There are still challenges to face, mostly concerning data privacy, ethical boundaries, and accessibility, and a growing demand for the development of mental health services continues to remain an optimism for the inhabitants of the society, who will one day achieve mental health. It will not only be more effective but it can be placed on the health measures where a more collected considerate and more custom-made sphere of mental health will be seen in the upcoming days.
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Microcarrier Market size worth US$1,905.292 million by 2030
Press ReleasesThe microcarrier market is projected to grow at a CAGR of 9.32% during the forecast period to reach US$1,905.292 million by 2030, up from US$1,548.099 million in 2025.
The global market for microcarriers has been majorly driven by the growing demand for the cell-based vaccine. According to UNICEF, the delivery of the pentavalent vaccines had been 61.7 million in 2023 and reached 155.1 million in 2024. This sharp increase indicates the demand for whole-cell pertussis vaccine to protect from five diseases in the vaccine. The European Union imported US$ 7,376.031 million worth of vaccines for human medicine in 2023, this is a significant increase from the US$ 6,923.078 million worth of vaccines for human medicine in 2022. This increase in the vaccine demand is due to the growing health concern among the people after the pandemic.
Additionally, the growing demand for alternative medicinal therapies has created a demand for the microcarrier. In October 2024, Cellevate launched the world’s 1st nanofiber microcarrier for gene therapy at CPHI Milan. This technology gives 60 times more surface area for cell growth than conventional systems. Cellevat3d nanofiber microcarriers increase yield and productivity in upstream bioprocessing of gene therapy applications. Cellevat3d nanofiber microcarriers closely mimic the human extracellular environment, providing higher cell densities. Cellevat3d nanofiber microcarriers support a wide range of upstream bioprocessing applications including gene therapy, pluripotent stem cell (PSC) expansion, organoid formation, HEK-based recombinant proteins, and HEK-based vaccine production. Cellevate is a biotech company on proprietary nanofiber technology.
Moreover, one of the emerging trends in application in cell culturing. Microcarriers are finding success in the expanding cell culturing market. In November 2024, Rousselot, and IamFluidics, announced the launch of a novel research-grade dissolvable microcarrier for adherent cell culturing. The product is designed for advanced cell therapies, biologics manufacturing, and cultured meat production. Microcarriers provide a larger surface for cell attachment than traditional flat (2D) cultures and facilitate scaling up from lab-scale to large-scale bioreactors for efficient commercial production.
The new microcarrier offers advantages such as enhanced cell attachment and growth as the denatured collagen promotes cell attachment and growth, rapid dissolution for efficient harvesting (microcarriers dissolve within 15 minutes), high-harvesting efficiency, and easy handling, following standard cell culturing protocols.
Besides, In October 2023, Kuraray Co., Ltd. developed PVA hydrogel microcarriers for cell cultures used in regenerative medicine. The product was launched in January 2024 in Japan and overseas. PVA hydrogel microcarriers were introduced into the bioreactor used for mass cell culture, cells adhere and proliferate on their surface. Microcarriers were resistant to damage when stirred in bioreactors, had been verified for safety, and exhibited cell culture efficiency. The material can be used for three-dimensional culturing by adhering cells on its surface in the culture solution.
By product type, the microcarrier market is segmented into equipment, consumables, reagents, microcarrier beads, and others. The equipment will witness a significant demand in the market due to the growing research and development related to the microcarrier. In June 2023, Teijin Frontier Co., Ltd., announced that it developed new nonwoven microcarriers that enable speedy, large-scale, high-quality cell culture. This scaffolding material can be used for a wide range of cell types and facilitates adherence and growth in three dimensions. In 2024, the company planned to expand marketing of the new nonwoven microcarriers worldwide aiming for global sales of JPY 100 million in fiscal 2026.
By application, the microcarrier market is segmented into biopharmaceutical production, cell and gene therapy, and others. The cell and gene therapy segment application is the upcoming field of application having a notable growth rate.
By end-users, the microcarrier market is segmented into pharmaceuticals & biotechnology companies, research institutes, and contract research organizations. The pharmaceuticals & biotechnology companies are likely to have a significant share as the companies are investing in huge for the development of new products and solutions.
Based on geography, the European region of the microcarrier market will have a significant share. The major countries in the region included the United Kingdom, Germany, France, and Spain. In Germany, denovoMATRIX GmbH launched beadMATRIX for MSCs I Microcarrier for MSCs in May 2022. These developments have played a key role in the advancement of the market.
As a part of the report, the major players operating in the microcarrier market that have been covered are Thermo Fisher Scientific, Merck KGaA, Entegris, Batavia Biosciences B.V., Sartorius AG, and Nucleus Biologics, LLC.
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The market analytics report segments the microcarrier market as follows:
Driving the Future: Innovations Transforming the EV Powertrain Market
BlogThe rise in the market for electric vehicles (EVs) can be ascribed to several reasons with the major one being the demand for less polluted means of transport as compared to internal combustion engines as well as the world’s inclination towards less polluted environment and reducing the greenhouse effect. In all EVs, an electric vehicle powertrain is one of the most important components, because its technology is the conversion of electrical energy stored in batteries to mechanical energy efficient enough for wheel movement while considering the performance, efficiency and range. As the EV sector grows, there is an increase in the demand for advanced powertrain technologies that are necessary for improving vehicle performance, cost reduction as well as battery longevity.
Figure 1: Global Battery Electric Car Stock, in Millions, Global, 2023
Source: International Energy Agency
Major Innovations in Transforming EV Powertrains are as follows
Let’s discuss each one in detail.
1. Silicon Carbide (SiC) and Gallium Nitride (GaN) Semiconductors
The rise of SiC and GaN semiconductor devices is perhaps one of the most remarkable developments in the EV powertrain industry today. Standard electric vehicles’ powertrains employ silicons to control and transfer electric energy in its various forms. However, with the use of silicon, there are inherent limitations in performance such as heat and power losses. These issues are addressed by SiC and GaN materials by enabling higher thermal resistance, greater performance efficiency, and faster power switching.
Moreover, SiC has become the most widely adopted composite material for electric vehicles inverters. Inverters are designed to convert the direct or brake battery power supplied to the inverter device into an alternating current of the motor. Since SiC can endure high temperatures as well as high voltage levels, the conversion process loses less energy thus prolonging the range of the vehicle and reducing the cooling requirement. Additionally, GaN possesses unique features that allow it to obtain very high efficiency at low voltages, this makes it a fitting candidate for use in EV parts where size and low energy loss are paramount.
2. Solid-State Batteries
Solid state batteries (SSBs), easily considered the next level of evolution in battery technology, which is crucial for the performance of electric vehicles, are one of the most encouraging advances in battery technology. In a standard lithium-ion battery, a liquid electrolytic is introduced between the cathode and anode to facilitate the movement of ions from the spokes to the axis and vice versa. In this way, solid-state batteries have several advantages in comparison with customary designs of solid-state batteries.
One of the most notable solid-state batteries developments is the energy density. The possible mileage of EVs can be enhanced without an increase in the size and weight battery pack thanks to the solid electrolytes which enable SSBs to provide enhanced energy density in comparatively weight and volumetric less solid batteries. In addition, a solid electrolyte battery is much safer than a lithium-ion battery, which can overheat and even catch fire in certain conditions because the solid electrolyte in these types of batteries does not easily undergo thermal fluctuations.
Moreover, solid-state batteries allow for charging periods that are less than the conventional cycle times because they allow higher charging currents without the risk of thermal runaway or decomposition. With plans to commercialize this technology in about ten years, automotive companies such as Toyota and startup firms like QuantumScape are heavily funding research on solid-state batteries.
3. Dual-Motor and Tri-Motor Configurations
To enhance their efficiency and functionality, motor vehicle manufacturers are now incorporating dual motor and tri-motor elements that enable one to control the torque given to different wheels. Each axle has its motor allowing a dual motor set up to implement all-wheel drive. A third motor that helps in augmenting the torque is added to the two-motor setup which provides impressive acceleration and stability a third motor configuration is common.
Several advantages come with these multi-motor configurations like they improve stability and traction, especially in adverse situations. Since these vehicles can vary the traction of every motor, they are best suited for off-road driving, and also in winter conditions, since the vehicles can ensure maximum grip on different surfaces. For this reason, which is a key factor for many consumers, EVs outperform single-motor systems.
Moreover, multi-motor configurations increase energy efficiency. At low speeds, the vehicle uses only one motor, lowering energy consumption and extending the vehicle’s range. The extra motor or motors come into play during acceleration, or power when the vehicle is driven at a higher speed. The principles of tri-motor layouts have been evident in the Tesla Model S Plaid and the Rivian R1T, where agility and speed have been taken to new heights. Automotive companies that make electric vehicles see the need for a multi-motor design to give consumers power, efficiency and stability.
4. Lightweight Materials and Advanced Design Techniques
As a vehicle with less weight requires less energy for motion, it is essential to reduce vehicle weight to improve the range and efficiency of the EV. The design of the powertrains and the other components of the electrified vehicles in the current era is evolving with the use of advanced light materials and modern engineering practices economies which lead to improved vehicle performance without compromising on strength or safety.
Further, the body structures and powertrain parts of electric vehicles are fabricated using materials such as carbon fibre-reinforced plastics and aluminium. Being less dense in weight but having high strength, the manufacturers are even able to reduce weight without compromising safety levels through the use of these materials. This is owing to the highly combative nature against corrosion and the significant strength versus weight ratio that aluminium provides especially to motor housings and battery enclosures.
Advanced technologies such as 3D printing and associative layer manufacturing systems have also started to change the dynamics of the making of electric vehicle parts. The inventive approaches include the production of non-standard shapes and systems or structural elements of high complexity that could not be manufactured by classical approaches. Costs for material waste and speed-up cycles of creativity and expense through additives are some of the advantages of the technology called additive manufacturing. These techniques have been employed by companies such as Ford and BMW to manufacture lightweight and high-strength components, proving that material and design development is worth it in terms of vehicle range and efficiency.
5. Wireless Power Transfer
Today, one of the most advanced approaches to EV charging is wireless power transfer (WPT) technology, which can potentially render the requirements for physical plug-in connection obsolete. With WPT technology, it becomes easier to charge energy sources, and new possibilities emerge, such as charging on the go on high-speed roadways using a charging mat for the electric vehicle.
Electric vehicles equipped with wireless receivers can charge while driving on roadways that have the power supply system built into them due to the application of electric dynamic wireless power transfer technology. This system could potentially eliminate the waiting period usually associated with charging EVs, thus improving the range of the vehicle to an unlimited degree, provided the vehicle is equipped with relevant charging infrastructure. Dynamic charging in particular could be beneficial for fleet vehicles and public buses where there is little downtime.
If an EV is parked and positioned above a charging pad, wireless charging allows the vehicle to charge without user intervention. This wireless charging system is particularly appealing to commercial and household electric vehicle users as it minimizes the stress on charging ports. WPT is still in its infancy stage but it will revolutionise the concepts associated with electric vehicle charging infrastructures.
In conclusion, developments in silicon carbide semiconductors, solid-state batteries, multi-motor systems, lightweight structures, wireless power operations and robotics driving systems are revolutionizing electric vehicles hence taking the EV powertrain market from the automotives. To address the impacts of the first battery-powered vehicle designs and make the alternative of electric mobility more practical, inexpensive, and eco-friendly for clients and businesses, such progress is indispensable. Without the advancement of EV powertrain technologies, it is unlikely that there will be significant growth in the number of EVs as well as a movement towards cleaner forms of transportation.
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Aspartame Market size worth US$356.472 million by 2029
Press ReleasesThe aspartame market is anticipated to grow at a CAGR of 3.20% over the forecast period to reach US$356.472 million by 2029, increasing from estimated value of US$304.534 million in 2024.
Aspartame is a non-saccharide sweetener, used as a sugar substitute majorly in foods and beverages. They have 200 times more sweetness of sugar, yet deliver significantly fewer calories and are made from amino acids phenylalanine and aspartic acid. They are also widely utilized in the pharmaceutical industry as part of a carefully controlled diet by those who are diabetic. It is produced by fermentation and is generally safe to use when consumed in moderate amounts. Aspartame is widely found in diet sodas, chewing gum, sugar-free candies, and other processed foods.
Increasing health concerns and growing demand for sugar-free products, low-calorie food, and confectionery products are fueling the popularity of aspartame. Further, the request for low-calorie sugar options is rising with the rise in obesity levels and diabetes, leading to customers necessitating to follow healthier life choices. Since the aspartame flavor profile resembles sugar without calories it is a popular alternative. It is one of the foremost tested and studied items in the market around the world. They are cost-effective and efficient which provides more opportunities for product advancement and new pharmaceutical applications as well as personal care cosmetics items, which is leading to driving market development in the coming years.
Based on the product type, the aspartame market is divided into powder and granular. The versatility and ease of powdered aspartame in several applications are anticipated to make it the major contributor to the growth of the aspartame market. Some of the key reasons for its extensive usage include rapid solubility which allows easy formulation into a wide range of food and beverage products, fine-grained texture ensuring a good dispersibility effect as well as high stability which means that its sweetness remains unaltered under different conditions.
Based on the sales channel, the aspartame market is classified into online and offline. The Aspartame market is expected to see significant growth with the online sales channels segment. This is significantly due to increase in the e-commerce, it has become convenient for people to buy various products including aspartame-containing items. Online shopping provides affordable options, easy comparison of prices of various items, and different sellers to help consumers buy which is best for them. Online stores can carry a wider variety of aspartame products than offline channels, both in terms of different brands and package sizes and flavors.
Based on the end-user industry, the aspartame market is categorized into food & beverages, pharmaceuticals, and others. The food & beverages market will accelerate the aspartame market growth in the coming years. Consumer preferences and tastes for healthier food, and low-caloric, sugar-free options drive the aspartame market in food & beverage applications. They are utilized in diverse product applications, such as soft drinks, carbonated beverages, juices, dairy products, and even baked foods and confectionery.
Based on geography, Asia-Pacific is the fastest-growing region for the aspartame market due to various factors. Demand for processed foods and beverages is increasing in the Asia-Pacific region as the population grows and rises in urbanization, with many of these products containing aspartame for sweetness. People began to look for sugar substitutes with the rise in health consciousness. With the rise in consumers disposable income, there is a rise in spending for food and beverages products.
As a part of the report, the major players operating in the aspartame market that have been covered are Niutang Chemical Ltd., Hermes Sweetener Ltd., Ajinomoto Group, Foodchem International Corporation, Vitasweet, Whole Earth Brands, Chemball, and Ingredion Incorporated.
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This analytics report segments the aspartame market on the following basis: