Protective Clothing: An Integral Aspect of the Toughest Jobs on the Planet

The rationale behind such an increasing interest in Protective Clothing Market across the world.

Workers’ safety has emerged as a consideration that is of paramount importance when it comes to the manufacturing and other processes of an entire value chain. Additionally, the need for protective clothing in sectors like oil and gas exploration and downstream process, healthcare, construction, chemicals processing industry, mining operation and the increasing cognizance of the workplace safety across the sectors are estimated to drive the protective clothing market growth during the immediate future which with further will augmented by various innovations brought about by investments in the protective clothing market.  Presently due to the spread of CoVID19 the end-user segment of healthcare is expected to hold a healthy market share. Furthermore, the fast-paced development that is being witnessed in the pharmaceutical sectors due to the race to bring about a valid vaccine is also expected to augment that aforementioned. The other essential application that necessitates the use of protective clothing is for smooth operationality in hazardous environments that are faced by military personnel.  Further, the continuous investment in the fertilizers and specialty chemicals sectors is also driving the growth of this market to new heights.

The manner in which the market is responding to the demand for Protective Clothing Market

2020

  • Speeding Production: In March, it was reported thatthe production and delivery of Tyvek hazmat suits which are intended for the use by healthcare professionals in the US will be expedited by DuPont (NYSE: DD)., These HAZMAT suits are made out of polyethylene fibers enabling a full-body protection form fluids and aerosols.
  • Hazmat Suits becomes a part of daily business activity: In may it was reported that a UK based tech firm Reevo 360 that offers CGIs, floorplans, photography for property agents, and virtual house tour calls have decided to protect their staff from COVID19 by equipping them with Hazmat suits. The suits are at the disposal of any party that’s inclusive of both vendors, clients among others who are keen on visiting the properties.

2019

  • In September it was reported that an agreement deployment and utilization of Japanese technology pertaining to personal protective equipment in general, between Toray Industries, Inc., (TYO: 3402) and Japan International Cooperation Agency (JICA) was reached. Under the purview of this agreement, the capacity to control infection will be rendered a battle-ready status thereby making them capable of facing any sort challenged posed by a sudden outbreak of disease. LIVMOA®5000 protective clothing will be used by Toray Industries, Inc., which has developed this product to disseminate knowledge and spread awareness about healthcare-associated risk.  The aforementioned product enables the wearers to perform their duties efficiently simultaneously allowing them to protect themselves from biohazardous materials as well as permitting the flow of moisture allowing the ease of operating along with comfort.
  • Launch: In February, it was reported that the London, UK based Survitec Group Limited which is a military equipment manufacturer launched two new protective bodysuits namely, DERMON ICE and NormMb for military personnel operating in hazardous conditions. These suits are categorized as chemical, biological, and radioactive (CBR) protection suits. Low-level gamma rays of up to 130Kev are reported blocked by DERMON ICE suit that is made out of from liquid metal particles with a high thermal conductivity that aids in keeping the soldiers’ body temperature cool. Whereas, NormMb suit is a combination of carbon and membrane technologies in hybrid design and is intended for scenarios that involve chemical and biological hazards.  
  • Launch: Tarmac which is a British building materials company has reportedly attempted to solve the dearth of sufficient maternity workwear for expectant mothers in workforces across the country by developing a specialist protective clothing that is specially designed for pregnant women and at the same time it is fully compliant with British safety standards.

2018

  • Acquisition: It was reportedly announced that Safety Supply Corporation, which is aa leading manufacturer of high quality personal protective equipment (PPE) and the parent organization of Radians, Inc., acquired Neese Industries, Inc., which is a renowned global leader in flame-resistant (FR) clothing and protective rainwear for over five decades. Together they were reported to possess manufacturing facilities in Mexico. This would improve the lead times on several products. Furthermore, with the production and in-house design capabilities both the companies will be able to swiftly respond to the unique customer needs. Above all this acquisition enables the Radian to expand its portfolio of flame-resistant (FR) clothing and protective rainwear markets.
  • Launch: Identifying a gap in the dearth of protective clothing which is specifically meant for women engaged in civil, commercial, and industrial careers and consequently helps them stay safe and aid them in performing at their highest level, a Texas-based organization called SeeHerWork launched a line of personal protective clothing and equipment for women. The organization tasks itself with designing, manufacturing, and selling workwear, safety equipment, and other job-specific products.

Hand Protection Equipment – Essential of Worker Protection

Hand protection equipment refers to those types of protective gear that are essential for the protection of the hands of workers working across numerous industry verticals such as healthcare, oil and gas, chemical, and others. Various types of hand protection equipment include armlets, gloves, and wrist cuffs among others. These equipment are made from several types of materials that are suitable for different industries. The market for hand protection equipment is projected to witness a healthy growth during the next five years majorly on account of the presence of various regulations and laws regarding the use of protective equipment in various industries. These laws mandate the usage of various types of personal protective equipment due to the inclined focus of the governments of various countries towards the safety of workers. Also, the recent outbreak of the novel coronavirus disease has also led to an upsurge in the demand for gloves, especially across the healthcare sector around the globe. Gloves are being used across each and every sector majorly for reducing the risk of the spread of this highly communicable disease through human-to-human transmission. Thus, positively influencing the demand for hand protection equipment market growth during the next five years.

COVID-19 is driving the market growth

One of the prime factors that is shaping up the global hand protection equipment market growth especially during the short run is the outbreak of the deadly coronavirus disease that has rapidly boosted the adoption of gloves across various industries operating under the different industry verticals and for home use also. The World Health Organization has declared this virus as a pandemic as it is highly difficult to contain which can be stated by the fact that the number of positive COVID-19 cases has grown exponentially since the outbreak of the disease in December 2019. For instance, according to the coronavirus disease situation reports by the World Health Organization, the total positive COVID-19 cases globally reached 8,708,008 as of 21st June 2020 from only 282 as of 20th January 2020. This, clearly states that the patient curve has not flattened yet despite the constant efforts by the government of various countries of the world to reduce the impact and control the spread. The governments of almost all countries have implemented various regulations such as quarantine and social distancing measures. Moreover, directives by the governments for the use of gloves, masks, and other protective products is also a major factor bolstering the growth, especially during the next six to eight months. Also, the WHO estimates that to meet the response of COVID-19 around 76 million examination gloves, 1.6 million goggles, and almost 89 million medical masks are required globally.

 

hand protection equipment market

 

Government regulations are also driving the market growth

The market for hand protection equipment is also being driven by the fact that there are various regulations framed by the government of major developed economies of the world regarding the use of proper protective equipment due to the increased focus for the safety of workers. For instance, the standard number 1910.138, by the Occupational Safety and Health, the U.S Department of Labor, that employees should use appropriate hand protection when hands are exposed to hazardous chemicals, temperatures and are prone to cuts and abrasions among others. Thus, regulations framed by various countries regarding the use of proper hand protection equipment is also considered to be a key factor that is supplementing the demand for various types of hand protection equipment, thus playing a significant role in shaping up the global hand protection equipment marketthroughout the forecast period.

Segment overview

The global hand protection equipment market has been segmented on the basis of type, material type, end-user industry, and geography.

By type, the market has been classified into gloves, armlets, elbow protectors, and wrist cuffs. The gloves segment is projected to hold a substantial share throughout the forecast period on account of the major applications of gloves across various industries. Moreover, the outbreak of the novel coronavirus disease has led to a rapid increase in the demand for gloves for both residential and commercial uses. The armlets segment is anticipated to witness considerable growth in the coming years due to the growing adoption across the construction industry.

By material, the segmentation of the market has been done on the basis of natural rubber, leather, polyamide, vinyl, and others. The natural rubber is expected to hold a considerable share during the next five years. The key factor supporting the growth of this segment includes high application across oil and gas and chemical sectors due to high resistance.

By the end-user industry, the classification of the global hand protection equipment market has been done into oil and gas, construction, chemical, healthcare, and others. The healthcare segment is anticipated to show a robust growth especially during the short run as the intense outbreak of COVID-19 has amplified the use of gloves especially in the healthcare industry as professionals working in the healthcare sector are more susceptible to this disease on account of being in close contact with the patients. Furthermore, the oil and gas, and chemical industries are projected to hold a decent share in the market on account of strict regulations regarding the use of appropriate protective gear and equipment due to extremely harsh working environments in these industries.

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 www.knowledge-sourcing.com.

Understanding the importance of Algaecides

Algaecides 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.

 

algaecides market

 

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.

Infection Prevention Product and Services – Requisite to Meet the Pandemic Response

The infection prevention products and services refer to those products or services that are highly being adopted nowadays for reducing the risk of the spread of various types of communicable diseases through human-to-human transmission. Especially, at this time of the pandemic in which the whole world is suffering from the outbreak of the novel-coronavirus disease. Furthermore, the high prevalence of healthcare-associated infections is also one of the key factors driving the demand for various types of infection prevention products such as gloves, masks, sanitizers, and gowns among others, thereby positively impacting the market growth during the next five years. For instance, according to the estimates by the World Health Organization, one out of ten patient that get an infection while receiving healthcare. Also, effective infection prevention and control further reduce the risk of healthcare-associated infections by around 30% (Source: The World Health Organization), this in turn is providing ample of opportunities for the market to surge during the next five years. Furthermore, the updated guidelines by the World Health Organization in the year 2018, regarding the prevention of surgical site infections is also anticipated to propel the adoption of various infection prevention services and products during the next five years.

The outbreak of coronavirus disease is shaping up the market growth

The major factor which is augmenting the market global infection prevention product and services market growth during the short run is the global pandemic of the deadly coronavirus disease that has rapidly boosted the adoption of numerous infection prevention products that includes gloves, masks, protective apparels, and disinfectants among others. This virus outbreak has already been declared a pandemic by the World Health Organization and is also said to be highly difficult to contain that can be backed up by the number of positive cases throughout the globe which has shown an exponential increase during the past six months. As per the COVID-19 situation reports by the World Health Organization, the total positive cases were around 11,953 as per the Situation Report on 1st February 2020 and the number of cases reached 6,416,828 by the month of June according to the situation report of 4th June 2020. This can be clearly seen that the curve has not flattened yet though after the struggling efforts made by the governments of various developed countries despite the focused efforts made by them. The strict regulations implemented by governments such as social distancing and quarantined measures. Additionally, the strict directives by the governments regarding the use of PPE kits, disinfectants, and sanitizers is also anticipated to drive the demand throughout the year 2020. Moreover, the booming requirements across the various sectors have also led towards the ramp-up in the manufacturing activities by the key players of the market. The estimates by the World Health Organization states that around 89 million medical masks, 76 million examination gloves, and more than 1.6 million goggles are required each month globally for meeting the response of this disease. The WHO also states that the companies operating under this market must ramp up production by at least 40% to meet the globally growing demand.

 

infection prevention product and services market

 

Also, these products and services are also expected to become part of people’s lifestyles hereafter, as people begin to realize the benefits these offer for a price so low. This is expected to continue boosting the market growth throughout the projected period.

Geographically, the global infection prevention product and services market has been classified into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American region is anticipated to hold a decent market share on account of the presence of state-of-art healthcare infrastructure in countries like the United States and Canada among others. Furthermore, the presence of key market players in the region is further supplementing the market growth throughout the forecast period. The growth in the number of surgeries along with strict guidelines by the U.S Department of Health and Human Services is further propelling the adoption of various products and services to minimize the risk of healthcare-associated infections is also bolstering the market growth in the region during the coming years. The market in the Asia Pacific region is projected to witness a rapid growth primarily on account of the outbreak of COVID-19 from its epicenter in Wuhan, China. The growing concerns regarding the spread of the disease have led to the booming usage of various products that include sanitizers, gloves, disinfectants, and masks among others. Also, enforcement of various regulations by the governments of countries like India and China regarding proper sanitization of public places, use of PPE kits and masks by the general public for mitigating the risk of spread is further amplifying the market growth in the APAC region, especially during the short run. Additionally, the booming investments by companies to ramp up their production capabilities to meet the globally growing demand further shows the potential for the market to grow at a rapid pace during the next six to eight months. For instance, recently in 2020, Honeywell International announced its plan to boost the production of N95 masks to meet the response of the growing demand. Similarly, 3M also announced to double the production capacity of masks as the global demand is increasing in the month of March.

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 www.knowledge-sourcing.com.

3D Printing: Revolutionizing the Future

3D printing is a process of making three dimensional solid objects from a digital file by laying down layers of a material in succession. Unlike traditional manufacturing methods, 3D printing enables one to produce complex shapes using less material which is one of the key factors that are attracting a large pool of manufacturers. Currently, the 3D printing market growth is primarily driven by the Aerospace and manufacturing industry where the technology is majorly being used for prototyping, tooling, and creating complex geometries. Its adoption is growing at an exponential rate owing to the increasing number of industries like healthcare, construction viewing it to innovate the process within their respective industry. Thus, players in this market are continuously working towards proliferating 3D printing technology not only at industrial level but also for personal use which is boosting the market growth. For instance, in March 2019, Boston-based 3D printer manufacturer Mark forged has launched its additive manufacturing program to accelerate the adoption of 3D printing in the industry, thus overcoming the barrier to its adoption. Also, in May 2019, Materialise NV has partnered with HP, Nikon, and Essentium to bring improved productivity and connectivity to additive manufacturing operations.  Therefore, 3D printing is set to grow at a staggering rate during the forecast period owing to automotive and healthcare industry set to leverage the technology for the mass production of various components.

Increasing investment in research and development

Growing competition across industries like manufacturing, automotive, construction, and healthcare among others is increasing the focus of industry players towards improving margins by reducing manufacturing costs. Cost of labor and materials are some of the major contributors to the overall manufacturing cost and as industry players continue to realize the potential of additive manufacturing technology to offer a significant reduction in these costs, the demand for 3D printing solutions is growing at an exponential rate. In order to remain globally competitive and to tap the potential this market holds, market players are investing heavily into research and development to fuel innovation and develop efficient 3D printing solutions using advanced technology, thus capable of offering high value to the customers. For instance, DNV GL announced a collaboration with Sembcorp Marine for investing in the establishment of Global Additive Manufacturing Center of Excellence in Singapore which is sought to serve as an incubator for R&D of additive manufacturing technology for the oil and gas, and offshore and marine (O&M) sectors. Earlier in February 2017, Oerlikon announced the expansion of its global additive manufacturing (AM) business through the opening of an advanced R&D and production facility in North Carolina, U.S. Along with this; new players are also attracting huge funding to augment their 3D printing technology across industries. For instance, in September 2019, Freemelt announced the completion of a $1.6 million capital investment to drive the metal 3D printing revolution forward using its open-source electron beam melting (EBM) 3D printing technology. Thus, similar investments across the world are driving the adoption of additive manufacturing solutions by the industry players, thus favouring the 3D printing market trend.  

 

3d printing market

 

Component Analysis

By component, the hardware segment holds the major share in the market owing to the growing demand for 3D printers for both industrial and residential uses, as multiple industries are adopting 3D printing solutions to produce parts and components. As the hardware is still relatively high priced, multiple smaller businesses are adopting 3D printing services to assist their manufacturing process, rather than investing in the hardware itself, thus boosting the service industry significantly. 3D printing materials market is estimated to witness the fastest growth in the coming years on account of increasing investment and focus towards development of the 3D printing materials to enhance the 3D printing speed, efficiency, and cost-effectiveness which can benefits various industries. The software segment is also estimated to hold a decent share in the market; however, its growth is hindered by the concerns regarding piracy and availability of multiple free software alternatives.

Impact of COVID-19       

The spread of global pandemic COVID-19 has caused the disruption in manufacturing plants, broke the supply chain and the global lockdown has led to the restriction in production facilities. The crises that world have never experienced before having forced companies to review their current methods and adopting new tools and technologies such as 3D printing. The healthcare industry is one of the best served sector that is using the additive technology during the period of pandemic and after witnessing the various shortages it is expected that companies will shift their focus towards the development of 3D printing technologies after Covid-19. Even, the additive manufacturing and 3D printing community is making many efforts to assist during the COVID-19 pandemic. For instance, recently The European Association for Additive Manufacturing (CECIMO) is responding to a request of European Commission to aid in producing medical equipment which include valves and ventilators.

Recent updates

  • April 2020: the developer of a metal composite 3D printing technology, Velo3D that supplies 3D printers to SpaceX raises US$28 million in funding.
  • December 2019: The Lighting Research Center (LRC) in Troy, New York signed a deal with Eaton Corporation, the American multinational power management company for the development of a full 3D printed LED-integrated luminaire which is funded by the United States Department of Energy.
  • December 2019: Swiss SLS 3D printer manufacturer named Sintratec entered a collaboration with Daimler AG, the German multinational automotive corporation for supplying spare parts using Sintratec’s S2 3D printer.
  • December 2019: GE Healthcare signed a partnership with FormLabs to accelerate additive manufacturing of anatomical models used by surgeons to prepare for the procedures.

FUTURE PROSPECTS: 

Currently, 3D Printing is revolutionizing the whole semiconductor and IOT industry. The increasing investment in research and development by major market players coupled with growing government support and initiative is expected to drive the growth of 3D printing market. Also due to the rapid adoption of 3D printing technologies in various end-user industries like healthcare and automotive the market is anticipated to grow at an exponential rate during 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 semiconductor to food and beverage, with a special knack for packaging and ICT. With the addition of his formal education in Economics, Mathematics, 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.

Network Slicing – An Enabler of Seamless & Secure Connectivity

The creation of multiple virtual networks over a shared common physical infrastructure is what network slicing enables. Sector-specific applications such as smart factories, smart homes, smart grid, and connected cars can be supported through the means of configuring each network slice (aka virtual network). Complementing the needs of specific applications such as speed, bandwidth, and latency Each network slice provides a dedicated set of network resources.  The increasing demand for – broadband services over mobile networks, high-speed and large network coverage as well as significant growth in the mobile data traffic volumes, and virtualization of networks are few of the major factors that are driving the growth of Network Slicing Market. Further, the increasing adoption of agile networks and the Internet of Things (IoT) is also expected to propel the market growth during the forecast.

The area that is engaged in network planning and optimization is estimated to drive the network slice market faster than any other application. The ability to deliver the best quality of experience to the clients is ensured by the aforementioned area in the ICT segment simultaneously allowing them to keep a check on injudicious Capital Expenditure (CAPEX). With better data throughput and lowers the Total Cost of Ownership (TCO), this segment is an enabler of advanced pre-emptive analysis service resulting in reduced client complaints. Capacity dimensioning, cell parameter planning, frequency planning, nominal cell planning, Radio Frequency (RF) site surveys are the key competence of Network planning services. While in the case of network optimization of RF measurements and optimizing the network parameters to improve the network performance, thereby along with the aforementioned validating its contribution resulting in the surge of the network slicing market growth, faster than any other. 

 

network slicing market

 

The market development pertaining to network planning and optimization segment

This year the launch of 5G Consulting portfolio and practice as well as the Carrier Consulting Services was announced at the Huawei Global Analyst SummitHAS 2020 in Shenzhen China this during the month of May. The objective intending to enable carriers to adjust to opportunities and challenges brought by new technologies, new business, and new models, and foster value creation to woo in new customers. The comprehensive consulting services and solutions which has ecosystem value-based operations, end-to-end network planning, operation optimization and reconstruction, product and offering designs, strategic predictions as well as top-level design within the ambit. These value-added services enable us to maximize investment benefits, achieve sustainable development, and positive business cycles.

Consulting services in the areas of 5G industry and service-network synergetic planning, 5G product and offering innovation, and large-scale 5G service development for carriers by extending close linkage with Huawei's profound professional knowledge,  business design and network planning, DTPC innovation, as well as Cloud Open Labs platform. The aforementioned is offered by Huawei 5G Business-Network Synergetic Consulting.

The remote monitoring application to occupy a healthy market share of the network slicing market

From the perspective application, the area of remote monitoring is also another factor that is expected to hold the largest share in the network slicing market during the forecast period because of the sheer range of sectors that it finds its use in. Businesses around the globe are adopting various digital platforms wherein remote monitoring has become a crucial part of maintaining a competitive edge in the market. This application is enabled by cloud-based end-to-end monitoring technology with which multiple pieces of equipment could be operated from remote locations. The advent of 5 G network is estimated to have gained a lot of traction to an extent whereby every possible sector is inclined to adopt the same due to its enhanced security and higher bandwidth. This technology has brought about a paradigm shift in the remote monitoring applications and the possibility of tracking coupled with information transmission between the sensors, operating vehicles remotely, carrying out surveillance as well as surgeries.

With the advent of COVID-19, health systems that include various care points especially hospitals are witnessing an increasing influx of patients in Emergency Rooms (ERs) and Intensive Care Units (ICUs). This is further fueling their need to rely on health technology to stem the tide of infection simultaneously managing the COVID 19 patients. Therefore, to minimize staff exposure to the coronavirus concomitantly remaining competent to deliver quality care, there lies an urgent need for monitoring patients that enables healthcare workers to remotely monitor a patient’s condition. To this end may be noted in June 2020, RoyalPhilipshas been granted Emergency Use Authorization (EUA) by the US Food and Drug Administration (FDA) for its IntelliVue Patient Monitors MX750/MX850 and its IntelliVue Active Displays AD75/AD85, for use in the US during the COVID-19 health emergency. These two solutions received CE mark in 2029 are already in use by the hospital across Europe.

Again, in June 2020, a leading provider of unified endpoint management solutions that offers SaaS and on-premise solutions to secure, monitor, and manage all business endpoints, such as tablets, wearables, phones, desktops, and called 42Gears Mobility Systems Pvt. Ltd. has collaborated with Isansys Lifecare.  With objective to improve patient care, drive clinical performance, ensure economic value and enhance patient safety, the latter provides remote monitoring solutions. This enables the supporting of healthcare teams around the world in the face of the pandemic, in a better manner by easing the administrative workload off the of medical staff.  Besides the above, a pioneering developer of wearable, remote monitoring technology intended for academic studies, and drug trials called ActiGraph was acquired by ArchiMed, a Private equity healthcare specialist. ActiGraph’s mobility and sleep tracking hardware, software and analysis solutions are extensively employed research-grade monitoring systems. The aforementioned monitoring system watches and can be worn on the wrist, waist, thigh or ankle. Thus, in the light of the aforementioned developments across various sectors, the Network Slicing Market is estimated to grow exponentially during the forecast period.

Ventilators – In Times of Difficulties

A ventilator is a machine that helps in the functioning of the lungs and is generally used by patients who are physically unable to breathe or are having breathing insufficiently. It pumps oxygen-rich air into the lungs and also helps to breathe out carbon dioxide and other harmful gases when the patient is recovering from an illness or other critical issues. The rising prevalence of respiratory diseases coupled with the growing air pollution level in various parts of the world is expected to drive the growth of the market during the forecast period. For instance, according to the World Health Organisation, air pollution kills an estimated seven million people worldwide every year and the recent data shows that 9 out of 10 people breathe air containing high levels of pollutants in it.

Impact of COVID19 pandemic in overall ventilator market

In mid-2020, as coronavirus pandemic spread its wings the major challenges that arise for healthcare institutions and government were to provide critical care services to its people. As ventilators are important medical equipment that is required for critical patients as COVID-19 directly affects the patient lungs. The lack of healthcare infrastructure available in developing countries like India and Brazil has augmented the demand for ventilators significantly in the short run. Even, the market witnesses’ collaboration and partnership between companies in the production of ventilators to meet the growing demand due to pandemic. Some of the recent deals and investments are as follows:

In June 2020, Nasa’s Jet Propulsion Laboratory (JPL) selected eight US manufacturers for the production of new ventilators designed for Covid-19 patients. The eight companies selected for licenses are DesignPlex Biomedical, MVent, iButtonLink, Vacumed, Pro-Dex, ATRON Group, Evo Design, and Stark Industries.

In April 2020, Philips and the US government collaborated to increase the production of hospital ventilators in its manufacturing sites in the USA. The company’s goal is to double the production by May 2020. 

In March 2020, General Electric and Ford Motor collaborated for the production of ventilators to reconstruct the existing United States manufacturing and supply chain capabilities for the treatment of COVID-19 patients in the country.

In March 2020, Mahindra & Mahindra Ltd teamed up with two state-owned companies scale up production of ventilators amid a surge in cases of Covid-19 in India.

In March 2020, the government of United Kingdom’s ordered nearly 10,000 ventilators from a consortium of leading aerospace, Formula One racing, and engineering companies which have even started their production lines in response to an urgent government call for industry to help.

Recently, General Motors and medical device maker Ventec Life Systems teamed up to enable the Seattle manufacturer for increasing production capacity of its respiratory care products, including ventilators, to support response to the COVID-19 pandemic.

Growing prevalence of the chronic obstructive pulmonary disease is augmenting the growth of the market

Chronic obstructive pulmonary disease, COPD, a group of diseases causing air-flow blockage and breathing problems is quite common worldwide, and currently, COPD has no cure, but it can be treated. It was also noted that the maximum prevalence of deaths by COPD took place in low and middle-income countries. The major factors affecting individuals with COPD in various parts of the world are active and passive smoking. Hence, with the presence of smoking at the international level, the market growth is expected to fuel with the growing number of affected individuals. Also, COPD is found to be more prevalent among the geriatric population. Hence, with the increasing geriatric population in various parts of the world, the market is projected to surge at a rapid pace. According to the World Health Organization, WHO, by 2050, the population under the category of 60 years and above worldwide is estimated to attain a size of 2 billion from a population size of nearly 900 million in 2015. The pace of population aging is much faster in comparison to the past records.

Segment Overview

The ventilators market has been segmented on the basis of mobility type, interface, type, mode, end-user, and geography. On the basis of mobility type, the segmentation is done on the basis of intensive care ventilators and transportable ventilators. By interface, the segmentation is done into invasive ventilation and non-invasive ventilation. By type, the market has been classified on the basis of geriatric, neonatal, and pediatric. Based on the mode the classification has been done into combined mode ventilation, pressure mode ventilation, volume mode ventilation, others. By end-user market is segmented based on ambulatory care centers, emergency medical services (EMS), home care, hospitals, and clinics. Geographically, the global ventilators market is segmented on the basis of North America, South America, Europe, the Middle East and Africa, And Asia Pacific.

 

ventilators market

 

By the type, the geriatric segment is projected to show decent growth during the forecast period as the old age population is more exposed to respiratory problems. The increasing geriatric population in many parts of the world is expected to be one of the prime drivers for the growth of the segment over the forecast period. Also according to the World Bank, the population ages sixty-five and above as the percent of the total population in France and Italy has increased from 16.85% and 20.42% in 2010 to 20.03% and 22.75% respectively by the end of 2018. Furthermore, the growing geriatric population is considered one of the major drivers for the growth of the overall healthcare industry. 

Geographically, the North American region is projected to hold a noteworthy share in the global ventilator market on account of the availability of the state-of-art infrastructure and the presence of major market players in countries like the U.S and Canada. Furthermore, the growing investment in healthcare infrastructure also supports the ventilators market growth in the region throughout 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 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.

Ambient Lighting – A Movement Towards Home Sprucing

Ambient lighting refers to the general lighting that are used inside rooms and halls to spruce of the ambience of the rooms. These types of lights generally include those types of lights that hang from ceilings that mainly include chandeliers, pot lights, track lights that offer a soothing ambience to the room. Also, table lamps, and floor lights are also considered to be an integral part of the ambient lighting solutions. These lights are considered to be highly effective as they have considerably less operational and maintenance costs. The integration of technology has led to the development of wireless lights and wirelessly controlled systems, thus these lights also offer higher flexibility thereby, driving the adoption of these lights in developing countries of the world due to higher standards of living, and higher purchasing power of the people. The integration of technology and the rising investments by market players in the development of smart lighting systems and the burgeoning adoption of these systems is also projected to be one of the key opportunity for the market to grow in the near future.

Segment Overview

The ambient lighting market has been segmented on the basis of type, end-user industry, and geography. By type the market has been segmented into indoor and outdoor. By the end-user industry, the ambient lighting market has been classified into residential, hospitality, retail, automotive, commercial and others. Geographically, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.

By type, the indoor segment is projected to hold a substantial market share on account of the burgeoning adoption of these lighting solutions across the residential sector on account of due to the integration of automatic floor lighting systems. The market for indoor lighting systems is also projected to grow on account of the rising investments in smart homes in major developing economies of the world due to the growing disposable income and rising middle class population. The outdoor segment is projected to witness a healthy CAGR throughout the forecast period on account of the rising initiatives by the governments of various countries towards the conservation of energy and thus adopting energy efficient lighting solutions.

 

ambient lighting market

 

By end-user industry, the residential sector is projected to hold a notable market share throughout the forecast period. The major factors supplementing the share of this segment includes the high adoption of these lighting systems across the residential sector coupled with increasing investments in smart homes. Also, booming residential construction in both the developed and developing countries around the world is bolstering the demand for ambient lightings for the residential sector, thus propelling the opportunities for the market to grow in the near future. The automotive segment is anticipated to witness a decent growth during the next five years on account of growing adoption of lighting solutions by the automakers primarily due to the growing consumer expectations regarding the features of their vehicles. Also, the growth in the sale of luxury cars on around the globe on account of the increased affordability coupled with the booming investments by key luxury car manufacturers in for setting up new production facilities as well as expanding the existing facilities further support the demand for these lighting solutions for the automotive industry, and there by drive the global ambient lighting market growth during the next five years.

Geographically, the Asia Pacific region is projected to show substantial growth over the course of the next five years. The major factors that are driving the market growth in the APAC region include the rapid increase in the demand for energy efficient lighting solutions in the major developing economies of the region such as India and China among others primarily on account of the government initiatives for the conservation of energy. For instance, in 2015, the Government of India, Unnat Jyoti by Affordable LEDs, in which the government of the country aimed to replace and distributed around 770 million LED lights under a subsidized pricing to all the residents of the country. Furthermore, the rapid investments by the governments of various countries for the development of commercial infrastructure due to impressive economic growth is also projected to propel the demand for various lighting systems, thus driving positively impacting the market growth during the next five years. Furthermore, the initiatives by the governments of various developing economies of the APAC region for uplifting the residential sector is also driving the market growth during the coming years. For instance, the smart cities mission by the Indian Government, in which 99 cities have been identified to be converted to smart cities and the adoption of energy efficient lighting systems will bolster the market growth in these countries. Similarly, in China, in 2018 the government announced and investment worth US$255 billion for the Shantytown Redevelopment Project. The North American region is projected to hold a noteworthy market share on account of the presence of well-established semiconductor industry in countries like the United States and Canada. Furthermore, the growing construction activities coupled with the high adoption of these efficient lighting systems is also one of the key factors bolstering the significant share of the North American region in the global ambient lighting market.

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 www.knowledge-sourcing.com.

Electric fuses and shock!

An 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. 

electric fuse market

 

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.

How Solar Rooftop Are Transforming the Energy Sector?

The global solar rooftop market has been showing a good growth over the past few years and is expected to continue witnessing a solid growth over the forecast period. The growth of the market is gaining momentum on account of growing focus on the decarbonisation of the energy sector and reduction of carbon emissions worldwide. Governments and international organizations have been continuously working on the pathway for the deployment of low-carbon technology towards a sustainable and clean energy future. Energy sector transformation main goal is to reduce the energy-related CO2 emissions by way of rapidly shifting away from fossil fuels consumption towards cleaner renewable forms of energy. Rapidly declining cost of renewable energy cost is one such driver that is bolstering the installation rate of solar rooftops. According to the IRENA, the global weighted average cost of electricity from all commercially available renewable power generation solutions continued to fall in 2018. Increasing economies of scale and technological improvements will further continue to drive down the total installation cost of solar PV projects from $1,210 per kW average in 2018 to a range of $340 to $834 kW by 2030.

Supportive government initiatives and policy measures are also fueling the solar rooftop market growth. Governments are continuously trying to reduce carbon footprint while fulfilling the ever-increasing demand for cleaner energy. In December 2019, in India, the Karnataka Electricity Regulatory Commission (KERC) decided to encourage third-party investments in residential solar rooftop projects to accelerate capacity additions in the rooftop solar segment. In 2018, the Israeli government launched a new incentive scheme for rooftop solar PV. The scheme mainly focused on the deployment of 1.6 GW of rooftop PV capacity during the course of the next three years which is further aimed to achieve the country’s renewable energy target by 2020. 

Furthermore, various government policies in major developing countries are promoting sustainable use of energy regarding the promotion of rooftop solar panels like subsidies, loan facilities, and others. For instance, the rooftop scheme by the Solar Energy Corporation of India launched a tender which offered a 30% subsidy to the residential sector, private NPO’s, educational organizations and health institutions. This tender is an initiative for generating the momentum and achieving the target of 40GW of rooftop solar power generation by 2022. In January 2019, the Canadian government for the support and development of solar energy in Alberta, Canada, in which includes an investment of approximately $50 million to use the bi-facial solar PVs on a large scale for both the residential and commercial sector, thus anticipating the market growth during the forecast period.

However, recent COVID-19 global pandemic outbreak disrupting the global supply chain, lower power demand, and currency fluctuations making component costs has negatively impacted the global solar rooftop market. The major supply disruption caused by shutdown in China, the leading manufacturer of solar panels, is the major factor that has led to a decline in solar rooftop market growth. Moreover, construction activity has been also affected due to mandatory regulations regarding social distancing which has further deteriorated the market growth.

Although most of the solar rooftop’s troubles are due to social distancing measures that have closed off door-to-door sales channel, manufacturers are expecting for the situation to get worse even after shutdown measures are phased out. With a long halt in production, solar component prices are projected to initially rise due to shortage of raw materials till the shipping from China resumes and logistical issues due to lockdown. Also, a shortage of workforce could also mean a rise in labor cost in the short term.

Immense growth potential held by this market is attracting investments by many market players into research and development, and in business expansion, thus augmenting the growth of Solar Rooftop Market.

Competitive Scenario in the market

The key players in the market are investing heavily into this market in order to develop more efficient and new products for the purpose of expanding their product offerings. Also, investments into facility expansion and into partnerships and agreements are also supporting the market growth. Some of the key developments in the solar rooftop market are listed below:

Recently in February 2020, the International Finance Corporation (IFC) and Massader, a subsidiary of the Palestine Investment Fund (PIF) have signed a loan agreement to fund the installation of solar rooftop panels across the West Bank region. The loan package includes $8.1 million from Finland-IFC Blended Finance for Climate Program and the Dutch MENA Private Sector Development Program along with an $8.1 million loan from IFC. Furthermore, the World Bank has also announced to provide a grant of upto $2 million from the Investment Co-Financing Facility to help Massader solarize nearly 500 public schools in order to power 16,000 houses in the West Bank region.

Ever Source Capital, a joint venture between Lightsource BP and PE firm Everstone Capital, has recently acquired solar rooftop company Origin Renewables as a part of its strategy to enter the commercial and industrial solar rooftop business.

Recently in January 2020, SIL Rooftop, a wholly owned subsidiary of SunEdison Infrastructure Ltd, has acquired Sherisha Solar Private Ltd with an aim to deliver high-performance solar assets to its customers with improved customer service and visibility.

The Indian government has recently launched a Mobile App for solar rooftop systems called ARUN- Atal Rooftop Solar User Navigator- in order to monitor and manage the installation of solar rooftop system

In September 2017, MYSUN and GCL System Integration Technology partnered to launch ‘GCL G-Home rooftop solar kits especially made for the Indian market to speed up the installation process while enhancing performance and safety.