Control valves are automated valves that are used across various industries to regulate the flow of fluids. The size, flow, course, pressure can be directed from a signal controller. The benefits of these valves is that they help in controlling the flow rate directly thereby further smoothly controlling the other vital processes quantities such as level of liquid flow and temperature among others. These valves are widely used in the oil and gas industry.
The control valve market is poised to witness a decent growth throughout the forecast period. The major factors bolstering the market growth include the rising adoption of automation solutions across the various end-use industries that operate with liquids or gases. The constantly growing population has led to the continuous increase in the demand for energy and power and constant investments in the oil and gas sector is also playing a significant role in shaping up the control valves market growth throughout the forecast period. Furthermore, the inclination of numerous end-users towards the employment of connected networks for monitoring and maintaining the various equipment of the plant is also positively impacting the demand for these valves. Furthermore, the rising focus of the governments of both developed and developing companies towards the establishment of nuclear plants is further widening up the opportunities for vendors and manufactures to invest in the market and tap the growing potential of the market.
Furthermore, the constantly growing processing industry around the globe and the increasing number of infrastructural activities in the developing economies has led to an upsurge in the demand for control valves due to the growth in the number of industries across these economies. Also, the participation of the key market players in the form of R&D for the development of new and advanced products is also playing a significant role in driving the market growth in the near future. For instance, recently in June 2020, Johnson Controls, a multinational conglomerate based out of Ireland, that manufactures Fire, HVAC, and Security equipment announced the launch of two new TYCO® pressure control valves for fire protection systems in two models.
Segment Overview:
The control valve market has been segmented into valve type, material, size, industry vertical, and geography. On the basis of type, the market has been segmented on the basis of linear valves and rotary valves. By material, the segmentation of the market has been done on the basis of steel, iron, and others. On the basis of size, the market has been classified into less than 2”, 2” to 8”, and above 8”. On the basis of industry vertical, the market has been distributed into oil and gas, water and wastewater, food and beverages, energy and power, and others. Geographically, the global market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Oil and Gas to Hold a Significant Market Share
By the industry vertical, the oil and gas sector is projected to hold a considerable share in the global market. The constant increase in the demand for oil and gas. There is a high demand for valves in the oil and gas industry as this industry players are increasing their efforts towards the reduction of the production costs. Thus, there is a significant increase in the adoption of specialized equipment and technology across the oil and gas plants, which in turn is positively impacting the growth of this segment throughout the forecast period.
Crude Oil production, World, 2010 to 2017, in Ktoe
Source: IEA
The above chart represents global oil production around the globe which states that oil production globally increased to 3,893,589 ktoe by the year 2017 from 3,614,767 ktoe in the year 2010. Thus, the growth in the number of oil and gas exploration activities is also one of the prime factors driving the control valve market growth throughout the forecast period. Furthermore, the water and wastewater segment is anticipated to grow substantially throughout the forecast period. the challenging water issues are further leading to investments in sustainable water technologies and developing breakthrough technology in wastewater treatment and distribution, by water treatment and technology companies, further show the growth potential of this segment. Also, investments in new wastewater treatment facilities is projected to amplify the demand for control valves in the coming five years. For instance, recently in January 2020, a partnership agreement was being signed between the OCP Group and Radees and the Oum Er Rbia Hydraulic Basin Agency in Morocco on the construction of the wastewater treatment plant in Safi. The total cost of the project is expected to cost around EUR44.7 million. The constantly growing food and beverage industry is also supplementing the market growth during the forecast period. The major factor bolstering the growth of this segment includes the growing global population, which in turn is driving the demand for processed food.
APAC to Witness a Healthy Growth
Regionally, the North American region is anticipated to hold a substantial share in the market throughout the forecast period. The major factor supplementing the share of this segment is the early adoption of technology coupled with the presence of well-established industries in countries like the United States and Canada. Also, the key players of the market in the region is also supporting the control valves market growth in the region during the next five years.
However, the Asia Pacific region is expected to show healthy opportunities for the market players to invest in the region. The presence constantly growing urban population in the major developing economies of the region such as India, China, and Vietnam among others has led to a rapid increase in the consumption of electricity across these countries. The rapid industrialization in these countries is also playing a significant role in augmenting market growth throughout the forecast period. This can be backed up by the fact, the electricity consumption in India reached 1,269 TWh by the year 2017 from 793 TWh in 2010. Similarly, in China, it reached 6,349 TWh by 2017 from 3,980 TWh in 2010.
Electricity Consumption – India, China (in twh)
Source: IEA
The Rising Popularity of Nev Taxis
BlogNEV refers to the new energy vehicles that are either fully or partially powered by electric power such as Battery Electric Vehicles (BEVs) or Plug-in Hybrids (PHEVs). These taxis further have low running and maintenance costs and cause less or no harm to the environment. These are some of the key factors that are augmenting the adoption of new energy vehicles as taxis in various countries.
Global Nev Taxi Market, Forecasts From 2019 to 2025, in US$ Billion
Source: Knowledge Sourcing Estimates
The graph mentioned above represents the market size of the global NEV taxi market which shows that the market is poised to witness a strong growth throughout the forecast period by reaching US$55.558 billion by the year 2025 from US$11.674 billion. The major factors that are anticipated to augment the market growth for NEV taxi include the several initiatives taken by the government of both developed and developing economies regarding the protection of the environment. The booming adoption of electric vehicles as a sustainable mode of commuting is also a key factor that plays a significant role in shaping up the growth of the global NEV taxi market throughout the course of the next five years. Furthermore, the rapid penetration of new market players in the electric vehicle industry with an aim to expand their market share and gain a competitive edge over other players also shows the potential for the market to grow in the near future.
The market is also expected to grow on account of several government initiatives in the developing economies to promote the use of NEVs as taxis as public transport is considered to be a major contributor to carbon emissions. For instance, the Indian Government announced its plans in 2019 in which it is expected that the government may mandate the deployment of around 40% of electric feet by the various taxi providing companies throughout the country. Also, increased funding in the country received by taxi providers for the promotion of the electric fleet also shows the potential for the market to grow in the near future. For instance, in March 2019, Ola announced its spin-off Electric Business as a separate business unit and received funding worth US$56 million from Tiger Global and Matrix India.
Segment Overview:
The global NEV taxi market has been segmented on the basis of vehicle type and geography. By the vehicle type, the market has been segmented on the basis of Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Fuel Cell Vehicle (FCV). Geographically, the segmentation of the market has been done on the basis of North America, South America, Middle East, and Africa, Europe, and Asia Pacific.
The battery-electric vehicle (BEV) segment is anticipated to hold a decent market share throughout the forecast period on account of the presence of a vast number of vehicles under this segment. The plug-in hybrid segment is projected to show a notable growth during the next five years as the entry of new market players under the plug-in hybrid segment is a major factor supplementing the growth of plug-in hybrid electric taxis over the course of next five years. Also, Plug-in hybrid electric vehicles are those electric vehicles that use batteries for powering up the electric motor and also use an alternative fuel such as gasoline or diesel for power the other propulsion source such as an internal combustion engine. These vehicles can run on electricity and on fuel also offers a higher fuel economy in comparison with conventional vehicles.
Geographically, the North American region is anticipated to hold a substantial share in the market on account of early technology adoption of the presence of a well-established electric vehicle charging infrastructure in the countries like the United States and Canada. The European region is expected to hold a good amount of share in the market on account of the presence of a considerable large number of automotive manufactures across several countries of the region. Furthermore, the market in the APAC region is expected to witness a healthy growth on account of the presence of the fastest-growing economies such as India and China among others, and transport is considered as the backbone of these economies. The constantly growing pollution coupled with the increasing government budgets towards the setting up of necessary infrastructure for the easy deployment of electric feet further bolster the market growth in the APAC region. For instance, in November 2018 EV Motors India in partnership with DLF, ABB India, and Delta Electronics plans to set up 6500 electric vehicles (EC) charging stations across the country over the next five years.
The Recent Outbreak of COVID-19
The market is projected to witness a slight downfall especially in the short period of the next six to eight months due to the intense outbreak of the novel coronavirus disease. The outbreak of the disease has led to a ban on travel across may countries. There is a temporary halt in the activities across the tourism sector that has led to a decline in the demand for taxi services. Also, various government measures to reduce the spread of the disease such as social distancing, and lockdowns has also led to a decline in the traveling activities also. Moreover, the temporary halt in manufacturing activities is also anticipated to moderately inhibit market growth during the short run.
Government Initiatives Regarding the Promotion of EVS
Increasing the need to use vehicles that utilize greener technologies is driving the growth of electric vehicles throughout the globe. The governments of various countries in both developing and developed economies of the world are implementing numerous strategies and taking numerous initiatives for the promotion of electric vehicles is expected to significantly drive the NEV taxi market growth during the next five years. Also, the increase in the deployment of electric vehicles has also grown exponentially in the past years, this also shows the growth potential for the global electric sports market to grow during the course of the next five years.
Electric Car Deployment – World, 2013 to 2018, in Million Units
Source: IEA
Control Valves – Automated Technology for fluid control
BlogControl valves are automated valves that are used across various industries to regulate the flow of fluids. The size, flow, course, pressure can be directed from a signal controller. The benefits of these valves is that they help in controlling the flow rate directly thereby further smoothly controlling the other vital processes quantities such as level of liquid flow and temperature among others. These valves are widely used in the oil and gas industry.
The control valve market is poised to witness a decent growth throughout the forecast period. The major factors bolstering the market growth include the rising adoption of automation solutions across the various end-use industries that operate with liquids or gases. The constantly growing population has led to the continuous increase in the demand for energy and power and constant investments in the oil and gas sector is also playing a significant role in shaping up the control valves market growth throughout the forecast period. Furthermore, the inclination of numerous end-users towards the employment of connected networks for monitoring and maintaining the various equipment of the plant is also positively impacting the demand for these valves. Furthermore, the rising focus of the governments of both developed and developing companies towards the establishment of nuclear plants is further widening up the opportunities for vendors and manufactures to invest in the market and tap the growing potential of the market.
Furthermore, the constantly growing processing industry around the globe and the increasing number of infrastructural activities in the developing economies has led to an upsurge in the demand for control valves due to the growth in the number of industries across these economies. Also, the participation of the key market players in the form of R&D for the development of new and advanced products is also playing a significant role in driving the market growth in the near future. For instance, recently in June 2020, Johnson Controls, a multinational conglomerate based out of Ireland, that manufactures Fire, HVAC, and Security equipment announced the launch of two new TYCO® pressure control valves for fire protection systems in two models.
Segment Overview:
The control valve market has been segmented into valve type, material, size, industry vertical, and geography. On the basis of type, the market has been segmented on the basis of linear valves and rotary valves. By material, the segmentation of the market has been done on the basis of steel, iron, and others. On the basis of size, the market has been classified into less than 2”, 2” to 8”, and above 8”. On the basis of industry vertical, the market has been distributed into oil and gas, water and wastewater, food and beverages, energy and power, and others. Geographically, the global market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Oil and Gas to Hold a Significant Market Share
By the industry vertical, the oil and gas sector is projected to hold a considerable share in the global market. The constant increase in the demand for oil and gas. There is a high demand for valves in the oil and gas industry as this industry players are increasing their efforts towards the reduction of the production costs. Thus, there is a significant increase in the adoption of specialized equipment and technology across the oil and gas plants, which in turn is positively impacting the growth of this segment throughout the forecast period.
Crude Oil production, World, 2010 to 2017, in Ktoe
Source: IEA
The above chart represents global oil production around the globe which states that oil production globally increased to 3,893,589 ktoe by the year 2017 from 3,614,767 ktoe in the year 2010. Thus, the growth in the number of oil and gas exploration activities is also one of the prime factors driving the control valve market growth throughout the forecast period. Furthermore, the water and wastewater segment is anticipated to grow substantially throughout the forecast period. the challenging water issues are further leading to investments in sustainable water technologies and developing breakthrough technology in wastewater treatment and distribution, by water treatment and technology companies, further show the growth potential of this segment. Also, investments in new wastewater treatment facilities is projected to amplify the demand for control valves in the coming five years. For instance, recently in January 2020, a partnership agreement was being signed between the OCP Group and Radees and the Oum Er Rbia Hydraulic Basin Agency in Morocco on the construction of the wastewater treatment plant in Safi. The total cost of the project is expected to cost around EUR44.7 million. The constantly growing food and beverage industry is also supplementing the market growth during the forecast period. The major factor bolstering the growth of this segment includes the growing global population, which in turn is driving the demand for processed food.
APAC to Witness a Healthy Growth
Regionally, the North American region is anticipated to hold a substantial share in the market throughout the forecast period. The major factor supplementing the share of this segment is the early adoption of technology coupled with the presence of well-established industries in countries like the United States and Canada. Also, the key players of the market in the region is also supporting the control valves market growth in the region during the next five years.
However, the Asia Pacific region is expected to show healthy opportunities for the market players to invest in the region. The presence constantly growing urban population in the major developing economies of the region such as India, China, and Vietnam among others has led to a rapid increase in the consumption of electricity across these countries. The rapid industrialization in these countries is also playing a significant role in augmenting market growth throughout the forecast period. This can be backed up by the fact, the electricity consumption in India reached 1,269 TWh by the year 2017 from 793 TWh in 2010. Similarly, in China, it reached 6,349 TWh by 2017 from 3,980 TWh in 2010.
Electricity Consumption – India, China (in twh)
Source: IEA
Fingerprint Sensors – Have They Become Obsolete or Are They Here to Stay?
BlogThe global identity and access control landscape is witnessing a continuous evolution. Application of biometrics, which, for more than a decade, had remained confined to some high-end applications which included expensive solutions, can now be seen extending even to low end applications. A good number of biometric technologies like iris recognition, gesture recognition, facial recognition and identification are available in the market today. Although iris recognition started gaining traction in the markets lately, it has been able to gain immense traction in a short period on account of high levels of reliability and security offered by it. Since iris scans cannot be easily duplicated, risk of security breach remains low. Facial recognition and identification also offers significantly high security and reliability and continuous advancements in technologies are making this technology more robust. Apple, for instance, has remained a key innovator in this segment. With launch of Iphone X along with other variants of iphone in 2017 , Apple Inc. also showcased its all-new facial recognition and identification technology. Samsung is also another key innovator in this landscape. However, since the performance and security of contactless identification and access control technologies rely on the quality of other hardware components, these technologies are still witnessing some challenges when it comes to widespread adoption across all sectors and end users. Limitations of contactless access control technologies have been strengthening the presence of contact-based technologies like fingerprint recognition among end users, thus boosting their market growth. Continuous advancements in fingerprint sensing technologies are making these solutions more robust and breach-proof. Optical fingerprint sensors, which entered the market when the concept of fingerprint sensing came to light, work by shedding a light on a fingerprint, when finger is placed on the scanner, and capturing a digital image of it.
This image goes to the light-sensitive microchip, which then analyses it based on the pattern of ridges and valleys found in the image of fingerprint, and creates a unique identification code for the user by converting ridges into 1’s and valleys into 0’s. This information is captured for all users initially and stored in a database. Now when a user places the same finger on the scanner, the system again converts the fingerprint into a series of 0’s and 1’s and looks for the code it creates in the database. By matching the code to the list of codes in the database, the system either identifies the user or does not identify the user, and decides whether to grant access or not to grant access accordingly. However, high security risks associated with this approach is driving it out of the market and giving way to other approaches like capacitive fingerprint sensing among others. Capacitive fingerprint sensors have, in a very short duration, managed to hold very high traction in the market.
This technology uses miniaturized capacitor array circuits which perform the analysis of fingerprints. The working principle of capacitive fingerprint sensors is is that charge in a capacitor changes at points where ridges of fingerprints come in contact with the conductive plate, and charge in capacitor remains unchanged at points where valleys are present on the fingerprint. The system leverages an analog-to-digital converter, which records the changes in charge in capacitor at all points and converts them into an array of 0’s and 1’s. All points where the charge changes are considered as 1s by the amplifier integrator circuit while the points where the charge remains unchanged are considered as 0’s. Since this type of fingerprint sensing is very reliable, its popularity is increasing across a wide range of end users. The global fingerprint sensors market growth is majorly being driven by robust growth of smartphone market across the globe. Although the market growth seems flat in many developed economies on account of already high penetration of smartphones in such countries, the market growth is high in many developing and under-developed countries on account of huge investments being pumped into business expansion by smartphone manufacturers. For instance, on July 9, 2018, Samsung, a leading smartphone manufacturer, opened its world’s largest facility for smartphone manufacturing in Noida, India. This expansion is a part of the company’s ‘Make for the World’ initiative, under which the smartphone giant carried out this phase-wise expansion in Noida.
The company pumped around INR 4,915 crore in this facility, and seeks to double the annual manufacturing capacity in Noida from 68 million units earlier to 120 million units. Furthermore, recent removal of a clause from its Production-Linked Incentive (PLI) scheme by the government of India have opened doors to immense growth opportunities. Under this clause, the plant and machinery of smartphone manufacturers, which they would bring to the country, used to be valued at 40% of its value.Since this clause posed huge risks to manufacturers and raised up the barriers to exit for them, it witnessed huge criticism from many of them. Removal of this clause by the government of India, as it seeks to fuel smartphone manufacturing within its borders when the country is struggling with the COVID-19 pandemic, and offering of lucrative financial incentives of around INR 500 billion to smartphone manufacturers, the government anticipates inflow of huge capital investments into this sector. Similarly, countries across regions with favorable business environment for smartphone companies are witnessing a surge in the inflow of capital investments into smartphone manufacturing, thus adding impetus to smartphone manufacturing. Moreover, smartphone manufacturing is also increasing on account of increasing penetration of internet worldwide. The figure given below shows the trend:
Global Internet Penetration, % of Population, 2012 to 2017
Source: The World Bank Group
With increasing internet penetration across the globe, we are witnessing an increase in demand for devices which enable people to harness the benefits of internet connectivity. This is increasing the demand for smartphones across the globe, thus driving with it the demand for components like fingerprint sensors. The demand for fingerprint sensors is also being driven by rapid growth of smart hospitality market worldwide. The figure given below shows the expected growth of global smart hospitality till 2025:
Global Smart Hospitality Market, in US$ Billion
Source: Knowledge Sourcing Intelligence Estimates
Since security occupies a strong position in the overall smart hospitality infrastructure, incorporation of fingerprint sensing capability among solutions is increasing, thus augmenting the fingerprint sensors market growth.
3D Printing – The New Normal in Global Manufacturing
BlogTraditionally, prototype development and customized manufacturing primarily involved using the conventional manual modeling techniques along with computer-controlled machining in which subtractive manufacturing methodologies were applied. This technique is relatively labor-intensive and resulted in limited time for product designing and innovation. Furthermore, to achieve the goal of time-to-market, the product designing optimization ability was severely reduced as the prototypes were only made ready late in the designing process. This limitation of conventional manufacturing techniques has been addressed by the introduction of 3D printing technology.
3D printing is a process that involves the construction of a product or object from a digital file. The 3D printing technique is considered to be more efficient and effective in comparison to traditional methods through its combination of functionality, ease of use, high design speed, and relatively lower cost. The ability of 3D printers to eliminate the need for complex manufacturing set-ups tends to drive down the operation cost significantly while simultaneously improving the development cycle of the product. Furthermore, its applications in concept modeling, design review and validation, pattern making, and direct manufacturing among others is further leading to its growing demand with the 3D printing market size estimated to grow from US$9.190 billion in 2018 to US$39.640 billion in 2024 at a CAGR of 27.59%.
Enterprises Using 3d Printing, % of Enterprise, 2018
Source: Eurostat
The proliferation of 3D printing technology is still a small, but growing market segment. According to Eurostat, only 4% of the enterprises in the European Union-28 are utilizing 3D printing technology, with the highest proportion being observed in Finland. Only 5% of the enterprise in Germany, which is considered an engine of Europe, is making use of 3D printing techniques while 6% of the enterprises in the United Kingdom have adopted the advanced manufacturing and designing solution.
Moreover, even though, China contributes the largest proportion of the global value-added in the manufacturing industry, the adoption of 3D printing technology is still relatively low in comparison to the United States and the European Union. This indicates that the market potential is extremely high, with a large existing manufacturing base, the 3D printing industry is projected to surge rapidly in China in the next five years.
Proportion of Manufacturing Value Added by Country in 2019
Source: World Bank
3D printers are essentially the hardware of the 3D printing ecosystem that builds parts on the basic principle: a digital CAD model is turned into a physical three-dimensional object by joining material layer by layer. Earlier, the sales of 3D printers were primarily driven by the prototyping application used in limited industries due to their high cost. However, today, the scenario has changed, and manufacturers have come up with several advanced technologies that have significantly reduced the prices of 3D printers and have extended its applicability to creating complex components parts and others. Its growing utility in the manufacturing and commercial sectors has significantly resulted in significant growth of the 3D printing market.
Services are an integral part of the 3D printing market since it ensures that end-user industries can make use of 3D printing technology without much investment in buying the machines. The businesses across industries make use of professional 3D printing services to get access to other additive manufacturing technologies than the ones they own in-house. The high cost of some technologies like material jetting significantly leads to higher adoption of these services, thus driving the 3D printing services market growth. As a result, manufacturers like Stratasys, HP, 3D Hubs, Shapeways, Inc., Soch3D, and others are increasingly providing 3D printing services for various end-user industries. For instance, 3D Hubs provide online 3D printing services and other technology-based services like MJF 3D printing service for prototyping and small-batch production.
Recent Market Developments
Plastic Is the Dominant 3d Printing Material
The market for 3D printing materials is expanding at an unprecedented scale owing to the increasing adoption of 3D printing solutions for industrial and residential purposes. Furthermore, the rapid advancements in the industry and innovations allowing for newer materials in the market are estimated to further expand this growth in the coming years. Plastics are the most commonly available 3D printing material. They are used extensively in desktop and residential 3D printers due to their lower cost and easy workability. Plastics are used in multiple 3D printing technologies ranging from vat photopolymerization to FDM to powder bed fusion. As plastics are easier to work with and possess multiple distinctive properties, they are highly sought after for residential and commercial 3D printed solutions. In addition to this, the availability of biodegradable plastics has also instigated the use of these materials in other industries such as healthcare for the manufacturing of medical implants, thus further expanding the market potential for plastics. Furthermore, increasing market innovations and a mixture of plastic resins with other materials such as wood are also estimated to increase the scope for the segment to grow further. Moreover, PLA is also estimated to hold a noteworthy share in the market owing to its extensive use in residential 3D printing and is projected to witness good growth on account of increasing focus towards biodegradable plastic sources. PET is estimated to hold a decent market share in the 3D printing materials market due to its limited usability in 3D printing.
High Potential in the Semiconductor Industry
The growing trend of miniaturization is putting pressure on the firms in the semiconductor industry to break the physical limit in the device. The conventional manufacturing process bound the designers with structural and planarity issues. Since 3D printing technology does not follow the subtractive methodology, its utility in the semiconductor is high, allowing the manufacturers to 3D print the semiconductor components efficiently and effectively. Moreover, it also eliminates the need for assembly and soldering, allowing semiconductor devices to be directly fabricated on 3D printed PCB’s.
Understanding the importance of Algaecides
BlogAlgaecides are often called biocide (chemical) which is generally used for killing and preventing the growth of algae. It is difficult task to kill black algae due to its waxy coating; hence most algaecides are designed to remove black algae. Algaecides include chelated copper, copper sulfate, and quaternary ammonia, among others.
Growing environmental awareness of nutrient pollution
Nutrient pollution is one of the most widespread, costly, and challenging environmental problems that the world is facing today and is caused by surplus nitrogen and phosphorous in the water. Rapid Industrialization across the globe is causing nutrient pollution in the water bodies, thus forming algae in them. Nutrient pollution can lead to serious problems such as a low level of oxygen dissolved in the water. Severe algal growth not only blocks the light that is needed for plants such as seagrasses to grow but also when the algae and seagrasses die, they decay. In the process of decay, the oxygen in the water is used up and leads to a low level of dissolved oxygen in the water which in turn can kill fish, crabs, and other aquatic animals. Environmental awareness of nutrient pollution is the key driving factor that is boosting the algaecides market growth. For instance, Environmental Protection Agency (EPA) is working diligently with its partners to combat nutrient pollution and prevent algae formation in the United States water bodies. These agencies are also working on regulatory programs such as reviewing and approving state water quality standards that contain numeric nutrient criteria under the Clean Water Act and publishing strict guidelines for industrial and municipal discharges that may contain nutrient-related limits.
Rising demand for high agricultural productivity
Population pressure is continuing to be the deciding factor against proper land and water management in many developing countries. Agriculture production is critical for any form of suitable future but focusing on the agriculture industry alone without regard for other important factors that influence and increase food production is certainly not the way to tackle the problems of food security. The application of algaecides is not causally related to the production of crops, instead, it helps in contributing towards agricultural production which includes weed and pest control outside the farm buildings, nurseries, greenhouse, and other growing operations. In addition, Growing demand for increased crop cultivation owing to the rising population requires the use of algaecides as it covers the treatment of agricultural farm equipment such as sprinklers, drip irrigation systems, and tube wells among others, located in the fields to control algal growth. With the rise in population growth and limitation to the usage of natural resources, there is an increasing demand for high agricultural productivity. A high level of productivity needs to accompany the growing demand for food and agricultural products which are considered as the driving factor for the growth of the algaecides market.
Regulatory issue
The restriction for using algaecides in the aquatic or water environment is defined on the manufacturer’s product label and may include restrictions for water use after algaecide application. Rules and regulations set by the governing bodies are expected to hinder the market growth during the forecast period. Some states require applicators of algaecides to be licensed and certified and expect to have much understanding about the whole process of algaecides along with the environmental concerns. For instance, algae control approaches within National Pollutant Discharge Elimination System (NPDES) framework have certain guidelines like the discharge of residual algaecides must meet the applicable water quality standards; it must meet basin plan narrative objectives for floating material, suspend material and toxic pollutants among many others. Following the conditions of regulatory authorities and aquatic pesticide monitoring requirements may not be considered as the cost-efficient tool for the manufacturers and vendors before applying algaecides in the water bodies thus is expected to restrain the favourable algaecides market trend in the coming years.
Segment Overview
The algaecides market has been segmented based on type, application, and geography. On the basis of type, the segmentation is done based on copper-based, quaternary ammonia, others. By application, the segmentation is done into agriculture, aquaculture, surface water treatment, others. Geographically, the global algaecides market is segregated into the Americas, Europe Middle East and Africa, and the Asia Pacific. The Americas is projected to hold a noteworthy share in the global algaecides market. As per the data published by the Food and Agriculture Organization (FAO), the U.S. is the third-largest marine capture producer with the total production valued at 4.72 million tons in 2018. Furthermore, the country remained one of the major exporters of fish and fish products globally and witnessed a significant increase in exports in recent years. The rising number of hotels and restaurants in the country coupled with increasing expenditure on amusement and recreation facilities will increase the number of swimming pools, thereby adding to the demand for algaecides in the country. Furthermore, companies are increasing their research and development expenditure to introduce a new product in the market, thereby augmenting the demand for algaecides. In Canada, economic growth and favorable long-term economic outlook of the Canadian economy will continue the trend of increasing aquaculture expenditure. Rising residential construction investment will bolster the number of swimming pools and fountains in the country owing to the improvement in the standard of living and rising disposable income. This will boost the demand for algaecides in Canada over the next five years.
Asia Pacific region is anticipated to witness exponential growth in the coming years and an increasing number of tourists arriving in countries like China and India will boost the expenditure for restaurants and hotels offering luxury amenities such as a swimming pool for tourists and ponds & fountains for providing an aesthetic appeal. The booming number of swimming pools and fountains in hotels coupled with rising construction expenditure in the region will drive the demand for algaecides over the forecast period.
ABOUT THE AUTHOR:
Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from healthcare to agriculture, with a special knack for agriculture sector. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
Electric fuses and shock!
BlogAn electric fuse is an electrical safety device that operates to provide the over-current protection and is generally used as a conduit between an electrical power source and an electrical component. Electric fuses are the essential part of electrical systems in cars, motorcycles, trucks and other types of vehicles and they function to stop electricity from flowing to a particular component as a result of the unsafe electrical condition. Today, automobiles require a lot of electrical fuses for essential activities such as passenger safety and electric car charging stations resulting in a higher demand for electric fuses in the automotive manufacturing industry. The market for electric fuse is expected to increase due to growing industrialization, automobile sector revolution, rising domestic power demand, increasing demand for power transmission equipment.
Growing in-vehicle electronics
Technological advancement in the semiconductor industry has led to the development of electric fuse technologies that are used particularly in the automotive industry. There is an increasing demand for electronic systems within the automotive industry owing to increased attention towards the vehicle-to-vehicle and vehicle-to-infrastructure communications, convenience as well as onboard safety, thus driving the growth of the market during the forecast period. The adoption of electronic systems is growing as technology becomes more widely available on mid-range and entry-level cars, providing another avenue for electric fuse manufacturers to generate higher revenues. In addition, due to the benefits of smart sensors like high reliability, low power consumption and failure detection also boost the demand for vehicle electronics which is further expected to propel the market growth opportunities for the electric fuse market in the coming years.
Significant growth of the world’s electricity transmission and distribution industry
With a growing population, the demand for energy demand continues to increase which is expanding the scope of electric fuse adoption in electricity transmission and distribution. The power delivery system today represents one of the most asset-intensive industries on the planet and a shift of government focus to reinforce the power T&D system in developing countries like India and China also opens up profuse opportunities for the electric fuse market. For instance, the government of India is encouraging investment in transmission and distribution system through schemes such as Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) that aims to provide power for every village.
Impact of COVID19 pandemic in overall electric fuse market
The disruption in the manufacturing industry due to COVID-19 has severe social, financial, and operational consequences which are forcing manufacturers to reassess risk management and contingency plans and new ways of working opportunities, all at the same time. Also, the current COVID-19 pandemic has drastically affected the consumer electronics industry from initial supply and manufacturing disruptions to upcoming demand shock with the uncertainty of the recovery timeline. Besides, the overall impact of global production shutdowns and collapsing demand coupled with the challenges with components supply will have a major economic impact in the short and medium run. Furthermore, the outbreak has dampened the demand for oil resulting in falling prices and declining production especially in the middle of Russia-OPEC price war. Such trend of falling prices is also observed in the electricity sector as the pandemic caused a tremendous drop in electricity consumption globally as businesses and industrial activities are halted, all such situations have drastically impacted the energy and power industry in the region which is further expected to restrain the growth of the market in short term.
Segment Overview
The electric fuse market has been segmented based on voltage, material, end-user, and geography. On the basis of voltage, the segmentation is done as, medium and low. By material, the segmentation is done into copper, silver, and bronze. Based on the end-user industry the classification has been done into energy and power, automotive, manufacturing, consumer electronics, construction, and others. Geographically, the market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
By the end-user industry, the automotive segment is projected to show decent growth during the forecast period on account of increasing investment by major market players. Also, advancement leads to increasing demand for in-vehicle electronics which is further expected to boost the market for electric fuse during the forecast period. In fact, it is estimated that the cost of electronics as a percentage of the overall vehicle cost is expected to increase from 30% in 2005 to 50% in 2030 (source: NXP Semiconductors). However, slowing growth of the automotive industry and a sharp downturn in production and sales from 2018 because of a slump in demand in the world’s biggest market China is expected to slow the growth of the market in short term. Furthermore, the current COVID-19 pandemic has drastically affected the industry from initial supply and manufacturing disruptions to upcoming demand shock with the uncertainty of the recovery timeline.
Geographically, the Asia Pacific region is projected to hold a noteworthy share in the global electric fuse market on account of expanding the automotive and construction industry and the presence of major market players in countries like China who is the world’s manufacturing center and constitute a significant share in global manufacturing output. Furthermore, the growing investment in the manufacturing and energy and power industry also supports the electric fuse market growth in the region throughout the forecast period. In addition, increasing product launches in the European region by major players shows a sign of development and growth in the region. For instance, recently, Mersen announced the launch of Modulostar® fuse-disconnector for application with power cylindrical low voltage fuses.
ABOUT THE AUTHOR:
Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from semiconductor to food and beverages, with a special knack for automotive and semiconductor. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.
3D Motion Capture System – A Revolution for Media and Entertainment
BlogMotion Capture or mocap is a process in which the movement of people is digitally recorded. 3D motion capture systems are those systems that enable the users to capture those movements with the help of cameras and sensors then processing of those images or videos with the help of processing software. These systems are used across numerous industry verticals ranging from media & entertainment, healthcare, military and defense, sports and, others.
The growing applications of these systems across these industries is considered to be one of the prime factors which is propelling the market growth significantly during the next five years. These systems allow users to capture the real-time motion of humans and objects for attaining the required level of animation. The development of new games coupled with the decent growth in the gaming population is projected to significantly boost the adoption of these systems and thus, augment the market growth in the coming years. The development of VR games for gaming consoles along with the booming adoption of these games will further bolster the market growth.
Segment Overview
The 3D motion capture system market has been segmented on the basis of system, industry vertical, and geography. On the basis of system the 3D motion capture system market has been segmented into optical and non-optical. On the basis of industry vertical, the market has been classified into media and entertainment, healthcare, and others. Geographically, the market is segmented into the Americas, Europe Middle East and Africa, and Asia Pacific.
By system, the optical 3D motion capture system segment is projected to witness a substantial market share throughout the forecast period primarily on account of its wide application across the media and entertainment industry. The burgeoning growth in the making of 3D and high-tech animated movies is driving market growth in the near future. Furthermore, the booming investments by various production houses in 3D studios is further propelling the opportunities for the market to surge in the near future. Also, the rapid advancements in image capturing and processing technologies have enabled a significant increase in the demand for various solutions, thus resulting in the 3D motion capturing systems market growth in the coming years. In addition to this, the growing demand for augmented and virtual reality technology has also resulted in an increasing requirement for 3D capturing technologies, thus further augmenting the market growth in the coming years.
By industry vertical, the media and entertainment industry is anticipated to hold a considerable market share throughout the forecast period. The major factors that bolster the significant share of this segment during the next five years include the high adoption of these systems across the film making and game development sectors due to the rapid growth in the adoption of 3D gaming consoles and movies. Furthermore, the booming investments by developers and filmmakers in the adoption of the latest and advanced technologies further amplify the demand for these systems across this sector. The healthcare sector is projected to witness rapid growth during the next five years burgeoning adoption of these systems across the healthcare sector for the on account of technology adoption technology and investments in healthcare infrastructure in the major developing economies of the world is projected to be a key factor driving the growth of this segment during the next five years. Additionally, the emergence of wireless technologies has led to the development of personalized healthcare systems. This evolution has resulted in the fast global adoption of wearable devices that aids in an uninterrupted transmission of health-related information to service providers. The communication between patient and doctor is clear and precise and is devoid of ambiguities. This is one of the factors which is furthering enabling the growth of wearable display 3D motion capture system market.
Geographically, the North American region is anticipated to hold a major market share on account of the early adoption of technology and well-established semiconductor industry in countries like the United States and Canada among others. Furthermore, the presence of key market players in the region is also supplementing the 3D motion capture system market growthin the North American region during the next five years. The Asia Pacific region is projected to witness a noteworthy CAGR throughout the forecast period on account of rising investments in the up-gradation of healthcare infrastructure and the military and defense sector.
Competitive scenario
The growing investments by key market players as well as small players in the market in the form of R&D for developing new products and expanding the product portfolio along with facility expansions and acquisitions and partnerships in order boost the production to cater to the rising market demand and also to tap the potential that the market holds further shows the potential for the market to surge during the next five years.
ABOUT THE AUTHOR:
Rachit Gulati is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from automation to food and beverages, with a special knack for automotive and healthcare. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit https://www.knowledge-sourcing.com.
Paper Coating Materials – The Essentials For Good Paper Quality
BlogPaper coating is a method that is used as a finishing process to treat paper and give it additional features. Paper coating materials are defined as the different types of substances that are used in order to coat the base paper, for the purpose of accelerating and improving its basic properties and in turn impart certain features to it, which include brightness, smoothness, and glossiness among others. The different types of paper coating materials have different features and different applications they are able to cater to effectively. The gloss-coated paper is shiny, is able to support high contrast and a vivid color definition unlike other types of coated papers, and is increasingly used for magazines, exhibits, and posters to draw attention. On the other hand, matte-coated papers are less shiny than the gloss-coated papers, similar to dull coated papers, is the least expensive kind of paper, and is used by many small businesses.
Paper coating is increasingly important as paper coatings such as glossy paper coating is able to facilitate the production and printing of high-quality photos possible with more accurate colors and limited contrast loss. Moreover, paper-coating materials are also able to give products an artisanal look as it can be used for wrapping purposes also.
Paper Coating Materials Market, By Product Segment
Different types of paper coating materials are used for enhancing the properties of the paper and board materials an impart glossiness, matte, smoothness among others. Some of the types of paper coating materials, which are one of the essential parts of the chemical and materials industry are discussed below.
Clay
This type of pigment is also known as kaolin clay and is also one of the most commonly used pigments in the paper and packaging industries for the coating of the different grades of paper. It is able to enhance the printability of the paper and is able to facilitate the extension of paper fibers.
Titanium Dioxide
This pigment is used for the purpose of coating the paper materials and is generally used in small quantities and only case of applications which involve the requirement of properties such as extreme whiteness, opacity, or pitch control. In addition, it can easily improve the base paper quality and increases the brightness of the paper.
Calcium Carbonate
Calcium carbonate is a type of coating pigment that is used most commonly and widely for paper and board grades. These are attached efficiently to the surface of the paper to be coated with the help of polyvinyl alcohol among some other materials. However, it cannot be used in the manufacture of acid paper is it is an alkaline type of coating pigment and can cause reactions. There are different types of calcium carbonates that are used as coating materials such as PCC (precipitated calcium carbonate) and GCC (ground calcium carbonates), but the PCC is increasingly preferred by the consumers.
Product Offerings by Market Players in Paper Coating Materials Market
The number of industries that are making the use of paper coating materials such as clays, calcium carbonates, and starch among others is increasing due to the growing concerns of the concerned about the quality of the papers produced for catering to the different industries. Thus, this is driving them to demand paper-coating materials in order to improve the product and enhance its overall properties. This is a factor, contributing to the increase in the paper coating materials market size. Moreover, the market players are highly involved and participating in the market to improve and enhance Paper coating materials products and to encourage the use of such products among the people. For example, Archroma, one of the leading companies dealing in the provision of dyes and speciality chemicals. It offers a product called the “Cartacoat”, which is able to facilitate the improvement of gloss properties of the lightweight coated paper by replacing the part so the coating such as kaolin. It shows the ability to be applied directly in the coating mix and is able to effectively maintain the gloss level. In addition, Omya AG, one of the leading companies dealing in the provision of industrial minerals provides a wide range of calcium carbonate products and auxiliary chemicals in order to cater to the demand for paper coating materials. It offers 4 calcium carbonate-based product families called the “Hydrocarb”, “Drycarb”, “Omyaglass”, “Omya Syncarb”.
The Hydrocarb family has different products for delivering high brightness qualities to the paper and contains ground calcium carbonates that can are used for both filling and coating purposes. Drycarb is a product family that includes all the dry or dried-ground calcium carbonate, these products are offered in large bags as well as water-soluble paper bags foe making the handling easier. These products have low anionic charge, easy storage, and excellent shelf life. The Omygloss are special pigments that are specifically designed to comply with the SC grades, and improving the features which include smoothness and gloss and Omya Syncarb are a product that is in the form of precipitated calcium carbonate, suited to meet the demands from the majority consumers and are most commonly used type. Therefore, these products offering by the market players in order to cater to the consumers effectively is aiding in boosting their market position and adding to their contributions towards fuelling the market growth.
Conclusion:
Currently, a different type of calcium carbonate products for use as paper coating materials is expected to hold a significant share in this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from the paper industry as well as the packaging industries. With respect to current market trends, it is anticipated that the titanium oxide coating materials papers and boards will flourish in the upcoming years with demand being generated owing to the high amount of usage in the paper and packaging industry. There is a growing need for a well-developed and good-quality product, which has good durability, finish, and smoothness among other attractive characteristics. This is one of the major factors, which will continue to play a role in driving this market. In addition, it will attract many new entrants who will bring new and better changes and enhancement in paper coating materials. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years.