The appointment scheduling software market is expected to grow at a CAGR of 9.69% during the forecasted period, with a market valuation of US$632.743 million in 2024, and is expected to reach US$1,004.875 million by 2029.
Appointment scheduling software commonly known as online booking software, supports individuals, groups and companies in managing their schedules and attendance. Most of them specialize in a certain area like; beauty or healthcare services. Even though appointment scheduling is a common activity in our daily lives, today’s technology has made it easier. It helps companies better schedule appointments, manage reservations, and reschedule ones. They can use it to mark those who miss or cancel appointments. Additionally, it allows businesses to present their goods in person, converting online website browsing into in-person store visits.
Software for scheduling appointments can have features like revenue registration, payment processing, calendar synchronisation, employee and customer management, and support for mobile apps. The market for appointment scheduling software is expanding due to growing demand for factual analysis and reporting, increased use of software across industries, and artificial intelligence. The use of appointment scheduling software outside of the healthcare and educational sectors broadens its previous applications. For instance, scheduling a haircut, meeting with a financial advisor, and maintaining household appliances can sometimes be done in real life with just one click. Without the appointment scheduling tool, life was difficult in this way. These opportunities are being used by branches and different service areas, such as fitness centres, beauty salons, and home services.
Further, the added value it provides to business operations as well as the lifestyle of the customer is the main driver of this disruption. Businesses understand the benefits of efficient scheduling, reducing the number of no-shows, and enhancing shell processes.
The appointment scheduling software market, by type, is divided into four types- Web-based, Mobile App, Software as–a Service, and others. Demand for mobile apps as a result of the recent wave of 5G deployment in different markets and the accessibility of reasonably priced 5G devices for lower-class consumers. In developing markets, this trend is propelling the creation of new 5G applications for consumers and businesses.
Through mobile apps, several players provide appointment scheduling software. With the help of these apps, users can effectively manage tasks linked to appointments, send and receive notifications, manage schedules with a single click, interact with clients and team members, and access and maintain track of all relevant data in one location. For example, Qudini, a provider of appointment scheduling solutions, was acquired by Verint in January 2023. Qudini facilitates communication between clients and staff via video chat, phone, or in person.
The appointment scheduling software market, by organization size, is divided into three Small, medium, and large. Businesses are implementing appointment scheduling software to improve the customer experience and grow their businesses at a rapid pace through digital strategy changes. The market is segmented into SMEs and large enterprises based on the type of enterprise. The use of these programs by large businesses allows them to take up more market share. Adoption of the software improves complex and integrated software solutions to better serve customers, schedule appointments for clients, and anticipate their needs. With the help of this software, large businesses with numerous departments, employees, products, or specialized teams can increase efficiency and the digital customer experience.
In recent times, Small and medium-sized enterprises (SMEs) have increasingly adopted their operations systems to manage numerous bookings and appointments.
The appointment scheduling software market, by deployment, is divided into two types: On-Premise and cloud. Cloud computing systems offer scalability, flexibility as well as accessibility via any internet-enabled device. These platforms are accessed online but run on remote machines. Moreover, server facilities make it possible for organizations to own local servers that manage such programs and keep an eye on security.
The appointment scheduling software market, by end-users, is divided into five types: Corporate, beauty and wellness, healthcare, education, and others. Solutions for scheduling appointments are beneficial for healthcare professionals, hospitals, clinics, and private practices. Furthermore, there is a significant call for appointment scheduling software in the beauty industry to handle salon & spa employee shifts as well as client bookings at wellness centres and beauty athletes
During the projected timeframe, it is anticipated that the market for appointment scheduling software will experience remarkable growth within North America. The area was the first to embrace digitalization, use online booking across a broad range of situations and venues, and observe a shift in the utilization of mobile devices. Competitive advantage from the perspective of customer satisfaction is the primary driver of market evolution. SaaS book scheduling apps will also let companies maintain their access network around the clock and cut back on their online and in-store chains. This provides today’s tech-savvy consumers with a better option, especially when combined with easy online scheduling.
The research includes several key players from the appointment scheduling software market, such as Block, Inc., JRNI, DaySmart Software., Coconut Software Corporation., Appointy, Acuity Scheduling, MINDBODY, Inc., Calendly, Engageware, Setmore Appointments.
Green hydrogen generated from renewable energy is regarded as one of the most promising pathways to help industries decarbonize, promote the growth of renewable energy, enhance system flexibility, and ensure national energy security. On the environment’s side, green hydrogen has more potential compared to fossil fuel-based hydrogen which is the major conventional way of producing it. Moreover, as of January 2023, India’s National Green Hydrogen Mission was allocated a budget worth ₹ 19,744 crore. This program was aimed at making India the world leader in the manufacture, consumption, and exportation of green hydrogen together with its components. This has also led to an increase in the renewable energy capacity, for instance, the global renewable energy increased to 33,71,793MW in 2022.
Figure 1: Global Renewable Energy Capacity, Million Watt, 2021 to 2022
Source: International Energy Agency
Nevertheless, several obstacles must be tackled to progress towards creating this envisaged global hydrogen market. Among these challenges are the comparatively high cost of producing green hydrogen, fluctuation in prices for green hydrogen, changes in land use, and availability of water resources through such projects. In addition, there is also a need for acceptance by society on these initiatives as well as the absence of international standardization and regulation. To address these problems, multi-stakeholders such as businesses, policymakers, and research and development communities are collaborating to overcome these hurdles that deter investors. Additionally, nations have developed national hydrogen policies that would facilitate it.
Economic benefits:
Job Creation and Industrial Growth
Energy Security and Diversification
Economic Competitiveness
Decarbonizing High-Emission Sectors
Rural Development and Infrastructure
Let’s discuss each one in detail.
1. Job Creation and Industrial Growth
The green hydrogen sector across different sectors could generate many employment positions. The job roles available within this field are vast, including those in setting up and maintaining structures for producing renewable forms of energy and those in the factories where fuel cells and electrolyzers are made. In addition, a positive spill-over effect into other industries may occur with the development of green hydrogen, such as in advanced components and material production.
2. Energy Security and Diversification
Another advantage is that green hydrogen enhances energy security due to a reduction in dependence on foreign fossil fuels while at the same time presenting opportunities for diversified energy sources. Thus, by developing green hydrogen infrastructure, governments can generate their clean power and, therefore, enhance their stability and self-determination over it. In this manner, even price fluctuations depending on traditional oil or gas markets can be mitigated by lowering them.
3. Economic Competitiveness
Conventional energy generation is expected to become less cost-effective than green hydrogen manufacturing and using its technologies. Green hydrogen technology can be developed by early adopters into an industry leader in the transition towards sustainable supply chains of power, thus giving them a competitive edge over their counterparts globally. Investment opportunities, as well as overall economic development, could also be attracted through this initiative in areas that are at the forefront of the energy shift.
4. Decarbonizing High-Emission Sectors
Green hydrogen has incredible potential to aid the decarbonization of hard-to-electrify sectors such as heavy industry, shipping, and aviation, among others. These industries can benefit significantly from it as a clean alternative to fossil fuels, thereby reducing their overall greenhouse gas emissions and contributing to climate objectives. It is, therefore, possible for this measure to foster growth that is more resilient and sustainable in terms of the economy.
5. Rural Development and Infrastructure
Renewable energy projects such as solar power plants and wind farms, which are usually located in rural areas, are usually part of the process of producing green hydrogen. This can enhance the development of such regions via job creation, infrastructure investments, and increased local taxes. In addition to this, hydrogen production facilities can trigger growth in supplementary sectors like logistics and transport.
Challenges and Considerations
Although the green hydrogen industry has potential, several challenges need to be addressed to realize its financial gains completely. These challenges include:
High Production Costs
Infrastructure Development
Regulatory Framework
Let’s discuss each one in detail.
1. High Production Cost
Currently, green hydrogen is more costly to manufacture than traditional hydrogen or fossil fuels. For instance, green hydrogen currently costs between $4 and $5 per kilogram to produce, which is about twice as much as grey hydrogen. 30 to 50% of the money spent goes toward electrolyzer costs, with the remaining 50% going toward round-the-clock (RTC) renewable electricity. However, if more research and development are focused on reducing the production costs of green hydrogen, then it would be price-competitive for everyone.
2. Infrastructure Development
Establishing infrastructure for green hydrogen production, storage, and distribution will involve huge financial resources. Supportive government policies and public-private partnerships could greatly facilitate this infrastructure development.
3. Regulatory Framework
Clear and supportive regulations are necessary for the prospering of the green hydrogen industry. For hydrogen production and consumption, benchmarks that provide an enduring trading environment and strategies that encourage investment and invention must be established. However, according to NITI Aayog (the government’s think tank), India presently spends more than 160 billion US dollars annually on energy imports alone. This figure could double in the next 15 years. Adopting green hydrogen can help India reduce CO2 emissions by 3.6 gigatonnes cumulatively between now and 2050, in addition to significantly lowering these costs.
In conclusion, green hydrogen has astonishing potential to decarbonize difficult-to-electrify sectors like heavy industry, shipping, and aviation, among others. These sectors would heavily profit from this clean alternative to fossil fuels, thereby decreasing their total greenhouse gas emissions and assisting in achieving climate goals. This means that such a measure can promote more resilient and sustainable economic growth.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/09/green-hydrogen-market-1.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-09-16 07:47:462024-09-16 08:02:57The Economic Impact of Green Hydrogen: Driving a New Energy Economy
The bio-based polymers market is expected to grow at a CAGR of 8.28% during the forecasted period (2024-2029).
The bio-based polymers market is driven by the rising awareness of the impact of renewable resources on the environment, increasing demand from consumers for eco-friendly products, supportive government regulations, and growing innovative advancement.
As per the report, the bio-based polymers market is predicted to increase substantially.
Bio-based polymers are a kind of polymer material produced from biomass generated by renewable biological sources such as plant waste, algae, or another microorganism, rather than fossil fuels like petroleum. These polymers are utilized for multiple purposes in various industries such as textiles, automotive parts, packaging, and medical devices because of their reduced carbon emission and biodegradability properties. There are various types of bio-based polymers available for different uses which include polylactic acid (PLA), starch-based plastics, bio-based polyamides (Bio-PAs), and bio-based polyethylene (Bio-PE). They assist in moving towards eco-friendly usage of materials which reduces reliance on non-renewable resources and decreases their impact on the environment.
The market is encountering considerable expansion due to various variables such as growing consciousness of the environmental impact of plastic usage causing plastic pollution and climate change which has led to consumers moving towards sustainable alternatives and preferring more eco-friendly products which are contributing to the adoption of bio-based polymers in diverse businesses. Furthermore, supportive legislations and governments are implementing policies and regulations such as the ban on single-use plastic to support sustainable materials usage and to reduce carbon emissions by providing incentives and tax benefits for the utilization of eco-friendly materials, which will directly boost market expansion. Furthermore, innovative advancements for the development of cost-effective and reliable bio-based plastic with improved properties will result in an easy switch for industries from traditional plastic material, thus, propelling the expansion of the market globally. For example, in July 2024, the world’s first versatile, 100% bio-based, and biodegradable Super Absorbent Polymer (SAP), named BAYSE™ was launched by ZymoChem. Similarly, in November 2023, BASF introduced BVERDE GP 790 L which is a biodegradable, anti-redeposition polymer with a 79% biobased material and offers the execution and work of acrylate chemistry without negotiating on the sustainability, making it a clean and homogenous item and consistent with the standard detergent formulations.
Based on the type, the bio-based polymers market is categorized into starch-based plastics, polylactic acid, polyhydroxyalkanoates, polyesters, and cellulose derivatives. Polylactic acid is predicted to contribute significantly to the market in the coming years due to its wide utilization in various industries like medical and pharmaceutical industries, and packaging industries because of its rich properties like biodegradability and biocompatibility. Moreover, the constant innovative advancement in polylactic acid is working in improving its properties, making it cost-effective, and also addressing its limitations like heat resistance. The rising demand for environment-friendly products is also driving the rise in polylactic acid requirements.
The market of bio-based polymers by application can be divided into agriculture, textile, electronics, packaging, healthcare, and other applications. The packaging industry is anticipated to fuel the market of bio-based polymer substantially due to variables such as consumers becoming increasingly aware of the environmental impact and demanding more biodegradable and sustainable packaging. Further, governments are implementing stringent regulations on non-biodegradable materials leading to an increase in the utilization of bio-based polymers by industries. Further, advances in innovation are making them affordable leading to a surge in their adaptation by manufacturers rather than traditional plastic packaging materials.
The bio-based polymers market has developed substantially in the Asia Pacific region due to various factors. Various Asian Pacific countries such as China, Japan, India, and South Korea are majorly focusing on environmental sustainability promoted with multiple government initiatives and programs. Moreover, the rise in industrialization in the region is leading to an increase in demand for the utilization of eco-friendly materials by diverse industries like automobiles, electronics, packaging, and textiles industries. Further, collaboration by different research institutes, industry players, and governments for developing more convenient and reduced-cost bio-based materials for a wider range of applications will also promote the increase of the market in the region.
The bio-based polymers market is supported by key players such as BASF SE, BIOTECH Biologische Naturverpackungen GmbH & Co. KG., Cardia Bioplastics, Covestro AG, Corbion, Cortec Group Management Services, LLC, DuPont, FKuR, andInnovia Films.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/09/bio-based-polymers-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-09-13 12:37:502024-09-25 06:44:36Bio-Based Polymers Market is projected to grow at a CAGR of 8.28%
Lubricants are known to be responsible in terms of providing efficient lubrication for automotive parts which play a role in reducing any friction that is caused in the vehicles. Not only this, but automotive lubrication also serves many secondary functions such as cleaning and cooling down the engine parts, by the prevention of rust and corrosion buildings. These automotive lubricants are known to be solid, oil-based, plastic, or a combination of all three. Oil and grease are the most common lubricants.
The major factor driving the market of automotive lubricants is the advancements in technology which are leading towards the development of new lubricants that are efficient and capable of withstanding high temperatures along with higher pressures that are propelling the market growth. In this regard, one of the imperative advancements in lubricant technology is their advanced ability to withstand higher temperatures and pressure enabling the effective use of lubricants in high-performance applications where the conventional lubricants are failing or require frequent replacement.
The Top 5 Innovations Transforming Lubricants Market are:
1. The Efficient Usage of Lubricants in the Automotive Segment
Lubricants are considered extremely important when it comes to their use and effectiveness in the smooth functioning of vehicles. They also serve multiple purposes, such as corrosion reduction, along with the maintenance of running temperature, which can turn out to be vital in increasing the life of various engine components.
Different types of lubricants are used in the automotive segment, such as motor oil or engine oil. Engine oils are efficiently used for the lubrication of internal combustion engines in different types of automobiles. They are also used in various other applications such as corrosion protection, wear reduction, and even play a role in ensuring the smooth operation of the engine internals.
In the European region, Germany is expected to hold a prominent share in the automobile manufacturing industry as it hosts major car-making brands such as Audi, BMW, Volkswagen, Mercedes-Benz, Porsche, etc. With such major hosts in car making, the country and region have been investing exceedingly in research and development activities, which is further resulting in the increasing automotive production in the country. According to the German Trade and Invest (GTAI), German automobile manufacturers initiated the production of over 15.6 million vehicles in 2021, making Germany the European car production leader with the production of 3.1 million passenger cars, and 351,000 commercial vehicles, which were further manufactured in the German plant. Furthermore, there has been a decrease in general car sales in the country and an increase in electric vehicle registrations, which is further supported by the government’s push towards all-electric cars by 2024.
Furthermore, since the year 2020, the global light vehicle production trend has also been witnessing an increase which is further acting as a growth driver for the lubricant market. For instance, in the year 2020, the light vehicle production trend was at 70 million units, and by 2025 it is expected to reach 98.9 million units.
Figure 1: Global Light Vehicle Production Trend, in Million Units, 2020 to 2025
Source: Germany Trade and Invest
Additionally, various other factors are driving the growth of the automotive lubricant market in the APAC region, such as the rising population, which is resulting in the rising production and sales of vehicles, particularly passenger vehicles. China, in this regard, is known to be the largest automotive lubricant consumer in APAC by playing a pivotal role in its increasing production and sale of vehicles. According to the data provided by the OICA, in the year 2023, China resulted in the production of a total of 26,123,767 cars, out of which 4,037,209 were commercial vehicles. India accounted for the production of a total of 4,783,628 cars, out of which 1,067,878 are commercial vehicles.
2. Key Developments in the Lubricant Market
Strategic key developments in the market are playing an efficient role in the growth of the market. Innovation and technology are regarded to be the most significant factors that drive companies to come up with strategies for the expansion of the business, ultimately resulting in market growth. A few such key developments are:
In July 2022, an announcement was made by Shell USA Inc. and Shell Midstream Partners L.P. towards an agreement and a plan of merger under which Shell USA will acquire all the common units with the representation of limited partner interests in SHLX with a total value of approximately USD 1.96 billion.
In August 2022, an announcement was made by Valvoline about the agreement for the sale of the global products business for $2.65 billion in cash. This agreement and transaction will be efficient in completing the separation of global products and retail services businesses in transforming Valvoline into a pure-play automotive service that has a target of 20% + earnings per share growth.
In May 2023, ExxonMobil which is known to be a major company in the automotive lubricant market, announced its plan to make the final investment in India’s future in the presence of Deputy Chief Minister Devendra Fadnavis to build a lubricant-manufacturing plant in Maharashtra, India. This plan will incorporate the investment of INR 900 crore (US$ 110 million) and will have the capability to potentially manufacture 159,000 kiloliters of finished lubricants a year which will further begin its operations at the end of 2025.
In July 2024, TotalEnergies acquired Tecoil which is regarded to be a Finnish company with a specialization in the production of Re-Refined Base Oils (RRBOs). Tecoil currently operates a production facility of 50,000 tons of RRBOs per year in Haminia and the integration of Tecoil in TotalEnergies will allow for the acceleration of the use of RRBOs in the production of high-end lubricants to meet the growing demand for increasingly high-performance, environmentally friendly products.
3. Nanotechnology as Lubricant Additives
The interposition of three solid, liquid, and gaseous substances between the surfaces of two materials is known to be the process of lubrication, which is imperative in minimizing friction and wear. All commercial lubricants are known to be equipped with additives present in the formulation, which enhance certain oil properties like friction reduction, corrosion, wear reduction, or just inhibition, viscosity improvement, and pressure resistance. In this regard, nanoparticles are widely used as additives. Thus, with the introduction of nanotechnology, the use of nanoparticles as additives in lubricants is resulting in the achievement of better tribological properties, which are gaining much attention in recent times.
A nanoparticle is regarded as a tiny particle ranging from 1 to 100 nanometers in size, undetectable by the human eye. Furthermore, they interpret significantly different chemical and physical properties in comparison to their larger material counterparts. They are made through different manufacturing methods, which can be seen from the figure below.
Various types of lubrication mechanisms also come into play, such as:
Ball Bearing Effect: Nanoparticles come in different sizes, such as spherical nanoparticles, which act as nanometric ball-bearings that are efficient in changing the nature of the friction phenomena, rolling between the shearing surfaces while also providing modification from the sliding process to a mix of sliding and rolling friction.
Protective Film Formation: A thin protective film on the surface is formed by the nanoparticles, wherein several studies and research have shown friction as well as wear reduction through the mechanism of protective film formation.
Mending Effect of Self-Healing Effect: This mending effect is referred to as the process where the nanoparticles deposit on the interacting surfaces, further compensating for the loss of mass. In terms of the lubricating oil, nanoparticles can fill the scars and grooves of the friction surface. A lot of research studies have also been conducted, indicating a mending effect that used EDX analysis for the confirmation of the deposition of nanoparticles on the rubbing surface.
Polishing Effect: In terms of roughness on the lubricating surface, there is a need for the polishing effect, which plays an imperative role in reducing the roughness by nanoparticle-assisted abrasion. In a lot of different studies, this polishing effect is commonly termed a smoothing effect, where the reduction of surface roughness highly contributes to less friction, resulting in less wear.
4. Strategic Revolutionizing Megatrends
To maintain the longevity of industrial equipment and for smooth operation, lubricants are considered to be important as they are regarded to be the driving force behind industrial growth. For instance, when it comes to the automotive industry, advanced lubrication is placed in importance when it comes to the transition to electric vehicles, mainly to ensure that each of the mechanical components operates efficiently, seamlessly, and with minimal friction. For the manufacturing segment, the metal and mining industry, as well as even for highway construction equipment, lubricants play an efficient role.
There are a few strategic revolutionizing megatrends that are involved in the lubricants industry, such as the growth or the rise of lubrication-as-a-service (LaaS). The LaaS model is considered to be imperative as it supports the transformation of how companies are approaching machinery lubrication through the process of offering service-based solutions in opposition to a traditional product-driven approach. Lubrication-as-a-Service is imperative in making sure that lubrication is provided precisely when and where it is needed, with continuous monitoring, aiming towards the optimization of equipment performance, which further results in the reduction of downtime.
In terms of disruptive technologies, three main factors are imperative in the lubricant market.
Innovations in Lubricant-Free Polymer Bearings: Polymer bearings are emerging as game changers in the lubricant market with the presence of companies such as igus GmbH, which is offering maintenance-free bearings that are equipped with the feature of self-lubrication and can also function in dry conditions. These innovations in lubricant-free polymer bearings allow for the prevention of dirt buildup by reducing maintenance costs while providing an efficient and clean alternative.
Driving the EV Transformation with eFluids: In recent times, the sale and demand for EVs have been growing, and in the forecast period, it is further expected to grow. According to the International Energy Agency, the electric car market witnessed a growth in sales, which reached nearly 14 million in 2023. Throughout 2024, EV sales are expected to increase, wherein approximately over 3 million electric cars sold in the same period last year. By the end of 2024, around 17 million sales are expected, which will further represent more than a 20% year-on-year increase, with new purchases accelerating. This increase in EVs is expected to drive the development of “EV-compatible” fluids or fluids. With the innovation of different types of lubricants such as brake fluid, transmission fluid, engine oil, hydraulic fluid, and even greases, the market of electric vehicles will be efficiently served as these lubricants and their type will play a key role.
Figure 2: Electric Vehicle Sales, in Million, 2021 to 2024
Source: IEA
5. Automated Lubrication Systems
Lubrication is considered to be vital for machine components like gears, bearings, pins, chains, or bushings. To perform well, all of these require efficient lubrication for their optimal performance. The automated lubrication system plays an important role in lubrication, where it is difficult for manual lubrication to play its part. Automated lubrication systems have brought about new opportunities that are aimed towards increasing profitability as a result of the reduction in costs to operate machinery, improving safety as well as reliability, along with the extension of service intervals by full optimization of manpower resources.
There are several advantages of automated lubrication systems such as:
Cost Effectiveness: Automated lubrication systems are associated with cost-saving aspects. They eliminate the labor costs that come with manual lubrication, as some machinery can be serviced while running operations and or from a distance without the need for a technician. The precise delivery of lubricants also minimizes waste, as smaller, more frequent applications help maintain lubricant freshness and effectiveness. In addition, it cuts down on the expenses of materials as well as the power, since machines do not struggle with resistance when properly lubricated.
Safety and Security: Another important factor that makes people embrace automated lubrication systems is safety. One disadvantage of manual lubrication is that it is timed and a worker has to go to the areas that are difficult to reach or are dangerous. When implemented, it eliminates risks involved in instances where personnel may be required to enter the hazard regions, thus enhancing the safety of the workplace environment. Also, in these systems, advanced monitoring systems have been incorporated to enable the monitoring of lubrication processes in real time to boost safety and operational reliability. The latter considers that the demand for automated lubrication systems will continue to rise in the future due to the increasing degrees of industrial automation and the increasing necessity for the efficiency of maintenance work. Appreciable advancements in technology of late include programmable controllers in addition to compact designs that enhance the usability of these systems. Players such as Graco have pioneered in advancing systems that not only enhance the efficiency of the lubrication process but also make it possible to gather diagnostic information concerning lubrication tasks through the use of mobile applications.
Duty-free can be defined as a process where people purchase goods in airports or cruise ships without paying taxes on them. The idea behind duty-free shopping is to make it easier for travel like any other person wouldn’t buy them back home due to tax as well as their expenses.
It is like online retailing would be the best thing to happen in future since the latter is becoming more popular than ever before while people are able (and willing) to spend more through this channel. Hence, these shops can expect online shopping gains due to that e-commerce phenomenon by allowing clients to transact from any place around the world. Furthermore, ecologically conscious merchandise which has little if no negative impacts on earth will play a significant part in these outlets’ activities as well.
Moreover, the duty-free shopping experience has shifted fundamentally in recent years mainly due to the impact of digitalization. Going forward, technology will be a key player in determining how travel retail changes and expands in response to evolving taste preferences among consumers. This paper seeks to investigate the ways through which current technology is influencing duty-free shopping thereby enhancing effectiveness, ease as well as more personalized experiences for global tourists.
How duty-free shopping is evolving in the age of digitalization is as follows:
The Rise of E-Commerce in Duty-Free Retail
Enhanced Personalization Through Data Analytics
The Integration of Contactless and Mobile Payments
Virtual and Augmented Reality Experiences
Sustainable and Eco-Friendly Practices
The Future of Duty-Free Shopping: Omnichannel Integration
Let’s discuss each one in detail.
1. The Rise of E-Commerce in Duty-Free Retail
The advent of e-commerce has made some significant alterations in duty-free shopping. Only a limited number of goods were available in these shops confined to airports for passengers before. However, many duty-free stores today offer presale options through their websites or mobile applications because of the increasing number of online shopping platforms. For instance, as per the Census Bureau, Commerce Department e-commerce sales estimate for the second quarter of 2024 in the US is $291.6 billion which is up 1.3 %. With this shift, clients have a chance to browse and select items before the trip starts, often having the option to collect them at the airport or when they leave. Additionally, this pre-order scheme makes it easier for retailers to manage stock levels while easing congestion at physical locations thereby streamlining the purchasing process.
Figure 1: E-commerce Quarterly Retail Sales, in Million Dollars, United States, 2024
Source: Census. gov
2. Enhanced Personalization Through Data Analytics
As a result of digitalization, there have been remarkable improvements in personalization within duty-free retail. Using data analytics and customer relationship management (CRM) systems, retailers can learn about their customers’ tastes and purchase behaviours. With this information about individual travelers, they can send personalized offers especially chosen for them as well as promotions and product recommendations. For example, a first-time visitor could receive an introductory offer on popular items while frequent flyers might be given special discounts on high-end products. Enhanced personalization creates a livelier and more exciting shopping atmosphere which promotes repeat purchases plus customer retention in the long run.
3. The Integration of Contactless Mobile Payments
These days, when people go for international duty-free shopping it is always a sign of the latest evolution for contactless and mobile payments. Mobile phones with digital wallets have made it possible for travellers to make immediate and safe purchases without having actual money or credit cards on them. Besides, contactless payments not only speed up the whole checkout procedure but also minimize the chances of fraud and increase convenience in all ways. Related trends are being observed in the retailing business as customers are getting more and more inclined towards seamless, nonintrusive transactions.
4. Virtual and Augmented Reality Experiences
As technology progresses, the duty-free retail sector is starting to incorporate virtual and augmented reality. This allows passengers to look at goods and shop designs in three dimensions before they buy; it is a unique opportunity for them to experience these goods and spaces. In this instance, consumers can have virtual tours of duty-free shops through VR while AR enhances their in-store experience by superimposing digital content on real products.
From the use of mobile apps and virtual stores, technology has revolutionized duty-free shopping and made it appealing to customers across the world. Therefore, people are now able to use their laptops or cell phones to buy products at duty-free shops following this new idea of virtual stores. This means that anyone can browse through different products and view their prices from the comfort of his or her home or office. Also, online shopping is a good way for one to avoid long queues at airports as well as large crowds hence saving time. Overall, these developments provide exhaustive product details and virtual dressing rooms that make shopping not only more entertaining but also help customers make informed choices.
5. Sustainable and Eco-Friendly Practices
The immediate duty-free retail area is being transformed as a result of the digitalization wave into friendlier practices about the environment. Retailers can utilize these digital tools and e-commerce platforms to reduce their carbon footprint, and waste as well as have better tracking and managing capabilities for their supply chains. Again duty duty-free shops are beginning to use environment-friendly packaging while showcasing green-certified merchandise. This commitment to preserving the environment goes hand in hand with larger international efforts towards environmentally friendly consumption and thus attracts tourists who increasingly care about ecology.
6. The Future of Duty-Free Shopping: Omnichannel Integration
Two retail channels will probably shape the future of duty-free shopping: offline and online channels. The omnichannel strategy that integrates online and offline touchpoints is the way to a seamless and consistent shopping journey. In other words, travellers can buy through a mobile application and then choose either to have it dropped off at their place or pick it up from an airport store. Furthermore, improved loyalty programs intended for both in-shop purchases and internet orders are expected to play a crucial role in the integrated shopping experience.
In conclusion, the travel retail scene is experiencing fascinating changes and evolutions in duty-free shopping in the digital age. E-commerce has made it easier for consumers to acquire products and services through digital platforms while mobile payment conveniences have advanced the creative aspect of the duty-free experience alongside the recommendation tools. As we look ahead, there will be more technological advancements that will also redefine and improve upon these approaches.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/09/duty-free-retail-market.webp462890Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-09-12 07:14:382024-09-12 07:58:02How Duty-Free Shopping is Evolving in the Age of Digitalization
Explore the Power of Pulses: Nutrient-Rich Beans, Lentils, and Peas
Dive into the world of pulses—nutrient-dense beans, lentils, and peas that offer remarkable health benefits. Incorporating pulses into your diet regularly can help lower the risk of heart disease, type 2 diabetes, and certain types of cancer. These plant-based superfoods are incredibly versatile, making them ideal for everything from soups and salads to breads and desserts. Pulses are also an excellent source of protein, fiber, folate, iron, and phosphorus, making them a smart choice for balanced nutrition. India and Australia are among the top global producers and exporters of pulses. Discover the Top 10 Pulses and how these wholesome ingredients can enhance both flavor and wellness in your everyday meals.
Top 10 Pulses
Chick Peas (Bengal Gram)
Pigeon Peas (Arhar)
Green Beans (Moong Beans)
Black Matpe (Urad)
Red Kidney Beans (Rajma)
Black Eyed Peas (Lobiya)
Lentils (Masoor)
Dry Beans
Faba Beans
Bambara Beans
Let’s discuss each one in detail.
1. Chick Peas (Bengal Gram)
Chickpeas, also known as garbanzo beans, are nutrient-rich legumes gaining popularity worldwide for their health benefits and culinary versatility. Packed with plant protein, dietary fiber, and essential vitamins and minerals, chickpeas support digestion, promote heart health, regulate blood sugar levels, and aid in weight management. They are an excellent choice for vegetarian and vegan diets, offering a valuable source of protein and nutrients.
Chickpeas are used in a wide range of dishes, including hummus, curries, stews, and salads, making them a staple in global cuisines. They are rich in vitamin B6, folate, and vitamin K, all of which contribute to overall wellness and immune support.
India is the world’s leading producer of chickpeas, accounting for nearly 50% of the country’s total pulse output. According to the ICAR–Indian Institute of Pulses Research, India’s chickpea production reached 13.75 million tonnes in 2021–2022, and by 2023, chickpea cultivation area expanded by 25%, highlighting the crop’s rising importance in agriculture and food security.
Global Production of Chickpea, in Tons, for 2019, 2020, and 2021
Source: World Population Review
2. Red Kidney Beans
Red kidney beans are an important bean in the food industry due to their versatility and nutritional value. These medium-sized, dark red beans have a distinct kidney shape, and their rich flavor and creamy texture make them a popular ingredient in many dishes around the world. Red kidney beans are widely used in both traditional and modern cuisines, adding depth, flavor, and nutritional value to a wide range of dishes. They are an excellent plant-based protein source, making them an essential part of vegetarian and vegan diets. They also contain important nutrients such as dietary fiber, vitamins (including folate and vitamin K), and minerals like iron, magnesium, and potassium. This nutrient profile improves the health benefits of their consumption.
Kidney beans are useful in numerous health issues such as diabetes, heart health, iron deficiency anemia, and colon health. India, China, and the United States are major producers of red kidney beans. For instance, according to the US Department of Agriculture’s “China: Pulses, Kidney Beans & Dried Pulses” report, in the year 2021–2022, China’s red kidney bean production was 250,000 metric tons (MT). Additionally, in the United States, 93 million hundredweight red kidney beans were produced in 2023.
3. Lentils (Masoor)
Lentils are edible legumes from the pulse family, recognized for their small, lens-shaped seeds and wide variety of colors, including yellow, red, green, and brown. Cultivated for centuries across the globe, lentils are highly valued for their nutritional content, culinary versatility, and rich flavor. Commonly featured in soups, stews, curries, and salads, lentils are celebrated not only for their taste but also for their ability to absorb and enhance the flavors of other ingredients.
Lentils can also be ground into flour to create gluten-free baked goods and snacks, making them ideal for those with dietary restrictions. These pulses are a powerhouse of plant-based protein, making them a staple in vegetarian and vegan diets. Lentils are also rich in fiber, iron, folate, and essential vitamins and minerals. Their high fiber content promotes digestive health, helps regulate cholesterol levels, and supports overall heart health.
Canada is the world’s leading producer of lentils, thanks to its fertile soil and favorable growing conditions. Canadian lentils are renowned for their quality and are exported globally. Other major producers include India, Turkey, Australia, and the United States, where lentils are adapted to various climates and soil types.
According to the Canadian Grain Commission, Canada produced 2.3 million tonnes of lentils in 2022, marking a 43.3% increase from 2021. In India, the ICAR–Indian Institute of Pulses Research reported 1.28 million tonnes of lentil production in 2022, cultivated across 1.42 million hectares, with an average yield of 904 kg/ha.
Production of Lentils in Canada, in Tons, in 2022
Source: Canadian Grain Commission
4. Green Beans (Moong Beans)
Green beans are a popular pulse from the bean family. This versatile vegetable is distinguished by its long, slender shape and bright green color. Green beans are widely cultivated and used in a variety of cuisines around the world and can be used raw or cooked, making them a versatile ingredient in salads, stir-fries, casseroles, soups, and other dishes. Green beans, with their tender, crisp texture and mild, slightly sweet flavor, make an excellent addition to many dishes. Apart from their food uses, these beans are extremely nutritious and provide numerous health benefits. They are low in calories and fat, but high in essential nutrients such as dietary fiber, vitamins A, C, and K, as well as minerals like manganese and potassium. They contain dietary fiber, which aids digestion, promotes bowel regularity, and helps people maintain a healthy weight. These beans are also high in antioxidants, which protect cells from oxidative stress and thus promote overall health.
China is the world’s largest producer of green beans due to its vast agricultural system and favorable growing conditions, which allow for significant green bean production. Other major green bean producers include India, Indonesia, Myanmar, and Turkey. These countries use their agricultural resources and expertise to grow and supply green beans to domestic and international markets, ensuring a consistent supply of this nutritious pulse. For instance, according to the World Vegetable Center, Jilin is China’s largest mungbean producer as the varieties grown in the region are well-known for their full grain and size, shiny green color, and superior nutritional and sprouting properties, Baicheng exports 70,000 tonnes of mungbean annually, with more than 50,000 tonnes of high-value, sprouting-quality beans. Additionally, according to the ICAR-Indian Institute of Pulses Research, Mungbean production in India reached 5.5 million hectares in 2022, resulting in 3.17 million tonnes at a productivity of 570 kg per hectare.
5. Faba Beans
Faba beans, also known as broad beans, are nutrient-dense pulses from the legume family and among the oldest cultivated crops in human history. Known for their distinct earthy flavor, faba beans have been grown for thousands of years and remain a staple in many global cuisines. Their culinary versatility makes them ideal for dishes such as salads, soups, stews, and plant-based meals, offering a rich source of protein and nutrients.
Faba beans offer a variety of health benefits thanks to their impressive nutritional profile. They are rich in dietary fiber, iron, manganese, and folate, while being naturally low in fat and cholesterol, making them a heart-healthy food choice. In addition, faba beans are packed with antioxidants, which help combat oxidative stress and may reduce the risk of chronic diseases.
China is currently the world’s largest producer of faba beans, thanks to its favorable climate and advanced agricultural practices. Chinese faba beans are highly valued in international markets for their superior quality and taste. According to the National Library of Medicine, China accounts for approximately 30% of global faba bean production, with a harvested area of 811,000 hectares and an annual yield of 1.69 million tonnes.
6. Pigeon Peas (Arhar)
Pigeon peas (Cajanus cajan) are protein-rich legumes cultivated for centuries and valued for their nutritional benefits, culinary versatility, and adaptability to diverse climates. These small, oval-shaped beans are a staple ingredient in many global cuisines, particularly in Indian, African, and Latin American dishes. They are commonly used in soups, stews, dals, and rice preparations, enhancing meals with their rich flavor and health benefits.
Pigeon peas are packed with dietary fiber, essential vitamins, and minerals that support digestive health, cardiovascular function, and blood sugar regulation. Their high nutritional value makes them an excellent component of balanced, plant-based diets.
India leads global pigeon pea production, thanks to the crop’s drought-resistant properties and suitability for tropical and subtropical climates. According to the ICAR–Indian Institute of Pulses Research, India produced 4.34 million tonnes of pigeon peas in 2022. The market value of pigeon peas in India was estimated at USD 14,334.5 million in 2022, with projections reaching USD 23,798 million by 2032, reflecting strong domestic and international demand.
7. Black Matpe (Urad)
Black Matpe, also known as Urad, is a type of pulse that is widely cultivated in many parts of the world due to its versatility and nutritional value. Black Matpe has small black seeds with a creamy white interior which is essential in various meals. It is commonly used to make delicious dishes, including dals, curries, soups, and snacks. Urad dal, made from black matpe, is commonly used in the preparation of traditional Indian dishes such as dosa, idli, and vada. Its earthy flavor and ability to absorb spices make it a popular choice for creating spicy meals.
Black Matpe includes numerous health benefits and contains essential nutrients such as protein, dietary fiber, iron, magnesium, potassium, folate, and vitamins B and C. Urad’s high protein content makes it an excellent choice for vegetarians and vegans seeking to meet their protein needs. India is the largest producer of black matpe, also known as urad. The country’s high agricultural heritage and favorable climatic conditions make it an ideal place to grow this pulse on a large scale. Myanmar, Thailand, and Sri Lanka are also major producers of black matpe.
8. Black Eyed Peas (Lobiya)
Black Eyed Peas, also known as Lobiya, is a popular bean with cultural and culinary importance. These small creamy-white beans with a black spot are versatile and can be used in soups, stews, and salads. It offers numerous health benefits, which are high in dietary fiber and helps to promote digestive health by relieving constipation and regulating bowel movements. These beans are also a good source of plant-based protein, making them an excellent addition to vegetarian and vegan meals. In addition, black-eyed peas are high in essential vitamins and minerals such as folate, iron, magnesium, and potassium, which help to boost energy and overall well-being. Nigeria is the world’s largest producer of black-eyed peas due to the country’s favorable climate and agricultural practices making it an ideal location for large-scale bean farming. Nigeria’s production and export of Black-Eyed Peas contribute significantly to meeting the global demand for this nutritious and versatile bean. For instance, according to the International Institute of Tropical Agriculture, Nigeria is the largest producer of black-eyed peas, contributing to 48% of production in Africa and 46% worldwide.
9. Dry Beans
Dry beans are beans that have been harvested, dried, and then separated from their pods. They are versatile beans that are consumed worldwide and have high culinary and nutritional value. Dry beans are available in a variety of shapes, sizes, and colors, and are commonly used in many meals, demonstrating their importance in global gastronomy. Dry beans are high in protein, fiber, vitamins, and minerals, which provide numerous health benefits, aiding digestion, lowering cholesterol levels, and helping with weight management. Furthermore, these beans are also known for their ability to prevent certain types of cancer and boost overall immunity due to their high antioxidant content. India and Brazil are some of the world’s largest producers of dry beans due to their vast agricultural lands and favorable climate.
10. Bambara Beans
Bambara beans (Vigna subterranea) are also known as Bambara groundnuts or earth peas due to their growth underground. They are versatile and can be used in a variety of culinary applications, including boiling, roasting, and grinding into flour. They are used in stews, soups, and porridges, as well as a tasty addition to many traditional dishes. The beans offer a nutty flavor and a slightly sweet taste, making them popular among food enthusiasts. Bambara beans provide numerous health benefits as they are high in protein, fiber, potassium, calcium, iron, and B vitamins. This makes them an excellent source of essential nutrients for vegetarian and vegan diets. Nigeria is the largest producer of Bambara beans due to the favorable climate and agricultural practices, which have enabled the country to become a major global producer of this nutritious bean.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/01/top-10-pulses.jpg5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-09-12 05:03:462025-05-26 11:55:30Pulse Power: Unveiling the Top 10 Pulses That Pack a Nutritional Punch
The animal feed antioxidants market is expected to grow at a CAGR of 3.71% during the forecasted period, with a market valuation of US$512.612 million in 2024, and is expected to reach US$614.943 million by 2029.
The animal feed antioxidants market is driven by the increasing consumption of meat and dairy products, the growing focus on animal health, and the rising awareness of feed quality accompanied by stringent regulations.
As per the report, the animal feed antioxidants market is expected to grow significantly.
Animal feed antioxidants are substances added to avoid oxidation, which can cause decay and rancidity in feed ingredients. They neutralize destructive free radicals, ensuring the protection of the feed’s supplements and keeping up its quality. Antioxidants progress feed quality preventing the oxidation of fats and oils and protecting dietary value. Moreover, they improve animal well-being by securing cells and tissues from oxidative stress. Antioxidants expand the shelf life of animal feed, decreasing waste and saving costs. The animal feed antioxidants market is increasing due to variables such as expanding requirements for animal-based products, urbanization, and changing dietary preferences. Antioxidants work in preventing illnesses, progress feed productivity, and contribute to more secure and more beneficial food items. They moreover prevent feed from deterioration and rancidity, protecting its nutritional value, further the aquaculture industry is extending due to rising fish utilization, which intensely depends on feed additives like antioxidants. Governments are executing stricter directions on feed safety to advance the utilization of antioxidants. Innovative advancements, such as new antioxidant formulations and progressed delivery systems, are fuelling market expansion globally. For instance, in May 2024, Layn Natural Ingredients presented ®, a plant-based antioxidant additive for pet nourishment namely, SophorOx, developed to combat oxidative stress and help weight management in pets. Inferred from Sophora Japonica, it addresses joint, weight, and stomach-related issues of pets. Similarly, in October 2023, Lallemand Animal Nutrition launched LALPROBIOME, a new platform of innovative microbial solutions for pets, incorporating probiotics, postbiotics, antioxidants, and prebiotics permitting for customization and separation in pet food, treats, and supplements.
Based on the type, the animal feed antioxidants market is categorized into natural and synthetic. Synthetic antioxidants rule the market of animal feed antioxidants as of now due to factors such as cost-effectiveness, standardized viability, and higher antioxidant capacity. However, there is a shift in trend as buyers’ inclination toward natural products is rising, including animal-derived food, expanding the necessity for natural antioxidants in animal feed. This move is driven by the developing inclination for animal-derived food and the requirement for steady quality and dose during the production of the feed antioxidants.
The market of animal feed antioxidants by livestock can be categorized into poultry, swine, cattle, and others. Poultry is anticipated to dominate the animal feed antioxidants market during the forecasted period due to its high metabolic rate, rising demand for poultry meat and eggs which requires higher amounts of feed additives including antioxidants, and increasing concerns about feed quality. Antioxidants offer assistance to protect cells from damage and preserve feed quality due to their high fat content leading to a rise in their demand for poultry animals.
The animal feed antioxidants market has developed significantly in the Asia Pacific region. This is due to the growing population and rising disposable incomes in Asian nations which have led to a increased demand for protein-rich foods. Moreover, Asian countries have a large livestock population that requires sufficient feed, and antioxidants as they are vital for their quality of preserving feed. Mindfulness about animal wellbeing and health is increasing, and antioxidants progress immunity and in general health. Government support in advancing livestock improvement indirectly boosts the requirement for antioxidants in feed additives of animals.
The animal feed antioxidants market is supported by key players such as BASF, DuPont, Cargill, Incorporated, Kemin Industries, Inc., BTSA, Eastman Chemical Company, Alltech, Adisseo (China National Bluestar (Group) Co, Ltd.), Novozymes A/S (Novo Holdings A/S), and Koninklijke DSM N.V.
Biomedical textiles are adapted for many medical and surgical applications. The major use of biomedical textiles is medical apparel. The textiles in fiber and fabric form are used as implants, filters, and surgical dressings. Recent advances in medical textile production have made it possible for implants to aid or replace damaged tissues or organs. These products are used to repair the body, whether it is wound closure (sutures) or replacement surgeries (vascular grafts or artificial ligaments).
The growing use of bio-medical textiles is due to the challenges associated with the complete transplant, such as rejection, immunosuppressants, psychological difficulties, physiological difficulties, donor organ shortage, etc. Hence, medical communities are using artificial substitutes such as biotextiles. This substitute material used to replace the body part is called a prosthesis. The most common use of the prosthesis is in the knees or hips. The main focus of using bio-medical textiles is to serve the purpose they are applied for, such as sutures requiring a biodegradable textile.
Another example of such an example is artificial ligaments. The artificial ligaments, LIGASTIC, offered by Orthomed, are used to replace or reinforce an existing ligament. These are utilized for at least 6 months in ACL (anterior cruciate ligament) reinforcement cases or permanently for replacement cases. It is made from Polyethylene Terephthalate (PET). These are knitted in nondeforming and non-wrappable chains. The fibers are orientated longitudinally in the axis of the ligament and are straight and parallel at maximum extension. The porosity of 400μm facilitates colonization, which allows the reinforcement or the replacement. The product is available in several sizes and shapes, following the procedures.
There are several major applications of bio-medical textiles in the field, such as wound treatment and cardiovascular, where it is utilized for the aortic and mitral transcatheter valve skirts, atrial appendage occlusion device coverts, or endovascular stent-grafts. In orthopedic applications, the sutures and assemblies, joint and ligament fixation, and spinal fixation tethers. For tissue engineering with cell scaffolds and resorbable wound healing materials.
Cardiovascular Applications
Cardiovascular diseases (CVDs) and ailments are increasing at a very alarming pace globally. According to the WHO (World Health Organization), cardiovascular diseases are the leading cause of death globally. CVDs include disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and others. Both behavioral and environmental factors use these. The major behavioral factors for the increased risk of CVDs are unhealthy diet, physical inactivity, tobacco use, and use of alcohol. Environmental risk factors include air pollution as an important factor. These factors lead to complications such as raised blood pressure, raised blood glucose, raised blood lipids, and overweight and obesity, which would lead to heart attack, stroke, heart failure, and others. In 2022, coronary heart disease (CAD) killed 371,506 people in the United States. About 1 in 20 adults aged 20 and older have CAD, i.e., 5% of the total population.
Figure 1: People With Coronary Artery Disease (Cad), (20 Y and Above), United States, in %, 2022
Source: CDC (Centre for Disease Control)
With increased numbers of patients and considerable diagnostic and technological advancements, vascular diseases are becoming important in general and clinical practices. The design and manufacturing of synthetic vascular prostheses have been challenging in research and development. The materials used need to meet all the requirements. The important aspects are porosity, compliance, and biodegradability.
The general application for the lower-profile devices and less invasive cardiovascular and endovascular procedures/applications included heart valve replacement, aortic arch reinforcement, stent graft covering, carotid artery repair fabric, tissue grafts, and others. The key benefits included the less invasive, lower profile, controlled density and porosity, flexibility, shape transformation, high tensile strength, and biocompatibility, among others.
DSM offers a biomaterial portfolio for cardiovascular applications, as shown in the following table.
Table 1.1: DSM Biomaterial Portfolio for Cardiovascular
Companies
Product
Structural Heart
Polyurethanes are a biocompatible material that improves the durability and overall effectiveness of structural heart solutions. These are included with catheter-based therapies like heart valve repair and replacement. Heart valve replacement (aortic, mitral, and tricuspid), LAAO (Left Atrial Appendage Occlusion), and mitral/tricuspid valve repair (through clips or annuloplasty) are also part of the solutions.
Vascular Closure
For the puncture sites, fast healing, vascular interventions, and fully resorbable collagen materials are ideal choices. Collagen are naturally derived biomaterials. It is used for access vessel sealing post-catheterization. This is to provide rapid hemostasis, thus lowering intraprocedural bleeding. DSM Biomedical is a trailblazer in this field. The company can give the collagen with a source available in multiple shapes and sizes, including a plug or patch.
Interventional Cardiology
They manufacture advanced biomaterials for catheter-based therapies. Both catheters and their various accessory devices use hydrophilic lubricious coatings. Balloon valvuloplasty, coronary and peripheral angioplasty and stenting, and cardiac catheterization are appropriate choices for these materials.
Cardiac Assist Devices
DSM offers a range of hemocompatible and durable biomaterials to create less invasive cardiac assist devices that optimize cardiac function. These medical-grade materials are ideal for multiple-component applications, such as LVADs and other ventricular assist devices. Further innovation would create medical polyurethanes, enabling precision molding and coating.
Neurovascular Applications
According to the AANS (American Association of Neurological Surgeons), an estimated 30,000 people in the United States experience a ruptured cerebral aneurysm. Among them, as many as 6 percent may have an unruptured aneurysm. The cerebrovascular disease includes disorders in which the brain is temporarily or permanently affected by ischemia or bleeding.
Several companies are developing advanced materials for biomedical textiles to enable minimally invasive expansion and compaction of critical neurovascular devices for aneurysm repair and stroke prevention and treatment.
Secant Group offers textiles for neurovascular devices used for diverting blood flow, retrieving blood clots, or preventing or reducing plaque debris. The company specializes in developing products to shorten lead times, limit development costs, and deliver a prototype in a limited time. Customization and fabric modification facilities are available in the product development process to meet the requirements.
Secant Group offers neurovascular textile solutions for creating a new device or enhancing a predicate device. Manufacturers can obtain a broad portfolio of advanced textile solutions and services tailored to neurovascular devices.
Flow diverter components and Intra saccular flow disruption components
Ischemic Stroke Prevention & Treatment
Clot retrieval thrombectomy components and Embolic protection filter components
Materials
Cobalt-chromium, Nitinol, Platinum, and Specialty alloys
Medical Textile-forming Technologies
Braiding, Knitting, and Weaving
Orthopedic Applications-
There are multiple orthopedic applications, such as minimally invasive solutions for bone grafting and fusion, spinal motion preservation, tissue fixation, cartilage, tendon, ligament, and meniscal repair. The major aspect of the development of orthopedic devices is identifying the most appropriate textile material to utilize. The textile material for orthopedic devices can be applied as flexible structures for tissue reinforcement and joint support and to join materials and secure implants in the body. The structures that are made from bio textiles are bone anchors, bone containment bags, high-strength sutures, scaffolds for load-sharing, and scaffolds for soft tissue repair, among others.
Table 1.3: Orthopedics, Biomedical Textiles, New Developments
Companies
Description
Riverpoint Medical and DSM Biomedical
In March 2023, Riverpoint Medical announced they had the exclusive license of a proprietary Osteoconductive (OC) Coating Technology from DSM Biomedical. Osteoconduction is the technology of bone-forming cells to move across a scaffold and replace it with a new bone. Osteoconductive coatings are commonly used in orthopedic and dental implants but are not widely available in implantable textiles; by this, the company aspires to create an improved environment for enhanced bone attachment. The DSM Biomedical created the proprietary OC coating technology and further developed it into a full-scale production line by Riverpoint.
Thuasne and Corflex
In May 2024, Thuasne acquired US company Corflex, Inc. to expand its global product portfolio and strengthen its US market presence, which specializes in orthopedic bracing. This is significant in Thuasne’s growth strategy, for its expansion in US and international markets. Both companies would leverage their brand recognition and market presence for further growth.
General Applications
Non-toxicity, nonallergenic, and able to be sterilized are the major characteristics of medical textiles, which makes them appropriate for wound care applications. The major applications of these materials are to provide protection against infection, absorb blood, promote healing, and apply medication to the wound. The wound dressings are composite materials consisting of an absorbent layer between a wound contact layer and a flexible base material. The use of healing property fibers like collagen, alginate, and chitin is relevant in the treatment.
Soft-tissue implants are a major application of these materials. They are used because of their strength and flexibility. For both reconstructive and corrective surgery, soft-tissue implants are employed for the replacement of tendons, ligaments, and cartilage.
Conclusion
The growing elderly population worldwide is leading to increasing age-related physiological issues. This growing elderly population has orthopedic, spinal, cardiovascular, and other major disorders. According to the World Population Prospects 2022, the population above the age of 65 is growing more rapidly. The percentage of the global population aged 65 and above is expected to rise from 10% in 2022 to 16% in 2050, this is a significant surge in the geriatric population.
Figure 2: Proportion of People Aged 65 Years and Above, in %, 2022 and 2050
Source: United Nations
This increase in geriatric population is occurring at a significant pace in developing countries as well as developed countries. This is historically significant as the population requires adaptations to how societies are structured across all sectors. This includes healthcare needs, social care, innovation-related healthcare, etc.
Several major companies are taking steps in the expansion of the biomedical textiles industry. Cortland Biomedical is a major player that customizes designs and manufactures biomedical textile structures. They have years of experience in medical textile engineering methods, including knitting, braiding, and weaving. In January 2024, announced the expansion of its weaving capabilities by incorporating two additional Jacquard Looms. This strategic move would enhance the company’s capacities and advancements in medical textiles. Cortland Biomedical specializes in plain and narrow weave fabrics, including shuttle and rapier weaving. It excels in creating unique three-dimensional structures for applications like vascular grafts. These woven textiles are specifically designed for vascular and abdominal aortic aneurysm grafts and ensure limited blood flow.
In April 2022, Integer Holdings Corporation acquired Connemara Biomedical Holdings Teoranta. The acquisition also included operating subsidiaries Aran Biomedical and Proxy Biomedical. It was acquired for €120 million, with up to an additional €10 million of contingent consideration payable based on Aran’s achievement of 2022 revenue growth. Aran Biomedical specializes in the design, development, and manufacturing of solutions for medical devices, it generated sales of $17 million in 2021. These developments in the industry would lead to the overall growth of the application of biomedical textiles in wound care and surgical domain.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/09/biomedical-textiles-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-09-10 05:59:522024-09-10 06:19:03How Biomedical Textiles are Transforming Wound Care and Surgical Applications
The naphthalene derivatives market is expected to grow at a CAGR of 3.73% during the forecasted period, with a market valuation of US$2,054.023 million in 2024, and is expected to reach US$2,466.707 million by 2029.
The primary sources of naphthalene derivatives are petroleum and coal tar, which are processed using carbonization or destructive distillation. Originally, the compounds were obtained by using coal as the raw material. However, when technology changed and coal became rarer, petroleum was utilized as the primary material for producing naphthalene derivatives through alkylation. Phthalic anhydride is one of the naphthalene derivatives which have been employed in textile production, building industry and other areas. Naphthalenes can find many industrial applications because of their different chemical and physical properties.
The demand for these derivatives is primarily driven by their increasing use in industrial applications. Due to their lightness and absence of fragrance, they are extremely beneficial in construction, textile and agrochemical industries. The increasing production capacity of the naphthalene derivatives is mainly influenced by some major driving forces namely the expansion of textile and building sectors, as well as their extensive use in various industrial fields such as chemicals, pharmaceuticals and paint among others.
Although there are many uses for naphthalene derivatives, they are primarily employed as chemical intermediates in the construction, rubber, agrochemical, textile, pharmaceutical, and photographic industries. The textile industry uses derivatives of naphthalene for the dyeing process. Naphthalene derivatives are helpful substances in the agricultural industry due to their insecticidal qualities. They also serve as plasticizers or dispensers in the production of high-quality plasterboards and concrete
Additionally, increased research & development and expansion by firms are also leading to market growth, for instance, with production facilities spread across East, South, and North China, Baowu Carbon Material Technology Co., Ltd., a subsidiary of Baowu Steel Group, is dedicated to advancing the developing coal-based materials industry. There are 340 kilotons of carbon black, 350 kilotons of modified coal tar pitch, 100 kilotons of the ultra-high-power electrode (which is currently being built) that can be produced annually from 1,650 kilotons of coke tar and 350 kilotons of crude benzene that can be processed.
The naphthalene derivatives market, by form, is divided into two types- Liquid and powder. The majority of naphthalene derivatives on the market are in powdered form. Powdered naphthalene derivatives are simpler to package, arrange, and ship than their liquid counterparts. This is a major driver of the global market’s demand for powdered naphthalene derivatives.
The naphthalene derivatives market, by source, is divided into three types- Coal-tar, petroleum-based, and others. This source’s established supply chains and affordability have allowed it to maintain a substantial market share. Particularly in areas with developed steel industries, naphthalene derived from coal tar is widely used in conventional applications like the manufacture of phthalic anhydride and concrete admixtures.
Further, naphthalene derived from petroleum is, nevertheless, becoming more popular, particularly in markets where high purity standards are important. Higher purity levels can be obtained during the refining processes used to produce naphthalene from petroleum sources, which makes it appropriate for specific uses in advanced chemical manufacturing, electronics, and pharmaceuticals. The growing need for premium naphthalene derivatives and improvements in refining technologies are driving this market’s expansion.
The naphthalene derivatives market, by product, is divided into six types- Sulphonated Naphthalene Formaldehyde (SNF), Phthalic anhydride, naphthalene sulphonic acid, naphthols, alkyl naphthalene sulphonate salts, and others. Since phthalic anhydride is so widely used in the production of plasticizers, dyes, and resins, refined naphthalene commands a significant share of the market. Because of its high purity and reliable quality, it is the best choice for applications with strict requirements. Even though it is a smaller market, alkyl naphthalene is becoming more and more well-known because of its improved qualities, which include higher solubility and stability. These qualities make it useful in specialized applications like surfactants, lubricants, and sophisticated chemical formulations. As industries look for specialized compounds for high-performance products, the market share of this form is increasing.
The naphthalene derivatives market, by end-user, is divided into even types- Paints and coatings, construction, textile, pulp and paper, oil and gas, pharmaceutical, and others. Naphthalene derivatives are becoming more and more used in the construction industry, which offers important market trends and opportunities. These materials, which are frequently derived from coal tar or petroleum, are dispersants and superplasticizers in concrete admixtures. One important trend driving their use is the growing demand for high-performance concrete with better workability, strength, and durability qualities. Naphthalene-based additives exhibit superior slump retention and water reduction properties, rendering them ideal for challenging construction projects requiring precise concrete placement and performance.
During the projected timeframe, it is anticipated that the market for naphthalene derivatives will experience remarkable growth within Asia Pacific owing to its growing economy and booming building and textile industries plus accommodating a burgeoning population. Increased consumption of naphthalene derivatives in manufacturing plants is being driven by their adoption in various sectors such as those producing paints and coatings, chemicals, or pharmaceuticals among others.
The region has a highly knowledgeable integrator base of memristor components because it is home to major players in the market. The demand for naphthalene derivatives in the nation is increasing due to the growing prevalence of automation, IoT, edge computing, flexible electronics, artificial intelligence, and neuromorphic computing. Furthermore, the naphthalene derivatives market is expanding faster thanks to the expanding electronic industry. The nation has a sizable consumer base for the naphthalene derivatives market thanks to its high level of disposable income.
The research includes several key players from the naphthalene derivatives market, such as Jfe Chemical Corporation, Kao Corporation, King Industries, Inc., Manish Minerals & Chemicals, Monument Chemical Inc., PCC SE, Trisha Speciality Chemical Pvt. Ltd., Akzo Nobel NV, BASF SE, Clariant A
A huge range of sectors and structures includes AC-DC converters, which might be vital for the functioning of electronic devices, home appliances, motors, power distribution networks, and renewable energy structures. Basically, they serve the purpose of changing AC voltage into DC one, permitting the operation of DC gadgets and charging batteries.
AC-DC converters are integral to the clean and dependable operation of power electronics systems in various fields and packages. They offer strength to DC loads or batteries, which means that they produce a regular output voltage and enable green electricity transfer. Therefore, they may be essential components of several industries and structures inside the electronics zone.
Top 10 Applications
Power Supply for Consumer Electronics
Electric Vehicles
Renewable Energy System
Data Centers
Telecommunications Infrastructure
Industrial Automation
Healthcare Devices
Home Appliances
Lighting System
Audio & Video Equipment
Let’s discuss each one in detail.
1. Power Supply for Consumer Electronics
To be certain that gadgets function effectively and securely, this procedure involves converting high-voltage AC into the correct DC voltage via adaptation units or internal circuitry. Consumer electronics depend notably on AC/DC converters for the transformation of high-voltage AC, normally supplied from wall outlets to the low-voltage DC required for charging batteries and powering up devices.
In this situation, smartphones, laptops, pills, smartwatches, and other character electronic devices use strong power conversion for battery life enhancement, warmth cooling, and voltage maintenance, which might be critical for the powerful operation of delicate electronic circuitry.
2. Electric Vehicles
Electric cars require AC/DC converters to change the electric power from charging stations from AC to DC for battery charging to use them. They are also used to change DC back to AC for electric motors. This thus serves a double purpose, ensuring effective energy conversion that aids propulsion and charging in electric vehicles.
The development and acceptance of EV technology are determined by how efficiently AC-DC converters can be because they impact how fast batteries charge up or use power from them, how much fuel is used per mile driven in electric cars, in addition to onboard chargers, power inverters, and battery management systems. This has also increased the adoption of electric vehicles and has led to increased sales. For instance, it is anticipated that sales of electric vehicles in the US will increase by 20% in 2024 over 2023, or nearly half a million more vehicles sold. Furthermore, sales of electric cars in China are expected to increase by nearly 25% from the previous year to around 10 million in 2024 due to the country’s fierce competition and reasonably priced vehicles.
Electric Car Sales, by Region, in Millions, 2023
Source: International Energy Agency
3. Renewable Energy System
Renewable property usually generates variable AC energy that is normally transformed to constant DC for garage or reversible to grid-like AC once more. Key to the shift in AC/DC converters is their ability to accommodate increasing numbers of renewable resources in power grids, leading to enhanced reliability and stability for electricity systems. For example, during April 2023, CG Drives & Automation launched its modular Switch Mode Power Supply converter (intent) for hydrogen production and fuel cell utilization with very low grid harmonics, along with high adaptability. Emotron Modular Converters were made to meet the strictest Total Harmonic Distortion (THD) rules as well as be efficient and adaptable to suit the dynamic needs of your hydrogen production and storage system.
Moreover, renewable structures could generate more electricity, store it better, and assist grid sustainability if they could convert AC to DC with the same performance, because it happens in them by means of letting them use easy power assets.
4. Data Centers
Data centers rely on AC/DC converters to feed a constant DC power supply to essentials like Uninterruptible Power Supplies (UPS), server power supplies, coolants, and other critical infrastructure. Thus, whenever there is a power outage or power surge, it is up to these power supplies to ensure that data processing and storage systems receive constant and reliable power.
Maintaining a constant energy delivery is the main aim for information facilities, and AC/DC converters assist in achieving this aim, thereby preventing information loss, enhancing operational efficiency, and helping ensure high availability. Further, the spread of internet use and the use of cloud computing have increased, which is increasing the demand. For instance, in keeping with the information from the International Telecommunications Union, the number of net users increased to 5.1 billion in 2022, which expanded to 5.4 billion in 2023.
Figure 2: Number of Internet Users, Global, in Billions, 2022 to 2023
Source: International Telecommunication Union
5. Telecommunications Infrastructure
Telecommunications equipment requires DC power that is always available from AC/DC converters for it to remain operational. Base Stations, routers, switches, and other network equipment’s distributed elements and core network infrastructure make reliable data transmissions and connectivity possible.
Moreover, reliable AC/DC conversion ensures that telecommunication networks are continuously functional, enabling essential services such as data transfer, voice communication, and internet connection.
6. Industrial Automation
For various industry applications, automation components, including robotics, conveyor systems, manufacturing machinery, and process control systems, could depend on electrification from AC/DC converters. These converters convert the mains electricity supply into voltages used in sensors, motors, or even control systems of other machines.
This alteration ensures accurate control, activeness, and trustworthiness of digital measures. Whereas other systems help in drawing the line between performance and cost, business automation systems have higher energy conversions and AC/DC power supplies that are perfectly effective, thus increasing field productivity. MORNSUN, for instance, has been able to develop a variety of products under its multiple-output series, as it continues to increase its assortment of load-bearing multi-output devices such as the LOxx-CBxx series of open-frame single-output AC/DC converters that are cost-effective with high power densities within the LOxx-10Bxx range..
7. Healthcare Devices
Medical devices need a stable and precise DC power supply to function properly. This crucial power is delivered by AC/DC converters, which ensure that highly important medical tools like patient monitors, diagnostic machines, life-support systems, and medicative imaging devices are secure, reliable, and safe. Steady power transformation in medical gadgets promotes improved health results, which in turn improves patient safety, precise diagnosis, and the effectiveness of healthcare dispensation.
8. Home Appliances
Modern appliances in the home, such as refrigerators, washing machines, and microwaves, among others, use AC/DC converters that help to power electronic control systems and variable speed motors. As a result, they are able to run devices more smoothly and have more control over them, yet less electricity is used. Furthermore, all this technology helps in enhancing the working of home appliances and hence promoting energy saving. It should be noted that in modern lighting systems, the reliable and effective functioning of any connected lighting systems depends largely on AC/DC converters.
9. Lighting System
The consistent and efficient operation of various lighting technologies depends significantly on AC/DC converters in today’s lighting systems. They make it possible for more advanced lighting system operations by changing mains power alternating current (AC) into direct current (DC). This move boosts performance, cuts energy use, and enables the use of intelligent systems.
Further, the lighting system functions on electricity in a form that does not change direction, and it is thorough in the way it works. The use of LED lights requires a transformer to convert alternating supply from the mains into direct current with a specific voltage range, which is required by LEDs. This makes LED lamps operate as energy-saving lamps that generate less heat compared to other types of bulbs, thereby consuming a minimal amount of electricity.
10. Audio & Video Equipment
A steady and efficient power supply is needed for audio and video equipment to operate. These require AC/DC converters – they convert the mains power from AC to DC so it can be used by several electronic devices, such as radios or televisions. In these gadgets, signal amplification circuits that are part of an amplifier are supplied by an almost constant DC voltage from the AC/DC converter, which ensures high-fidelity sound reproduction and prevents any distortion of music played back through the speakers.
Further, AC/DC converters facilitate several parts, like media players, subwoofers, and receivers, to receive DC power and work in harmony. Apart from the supporting features of surround sound processing and video upscaling, they help minimize electrical interference. Moreover, televisions’ mains AC becomes different DC voltages needed for different chips like the CPU, sound, and display by AC/DC converters in TV sets. This conversion allows the screen’s backlight and video processors to function accurately, hence improving color fidelity as well as image sharpness.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2024/07/AC-DC-converter-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2024-09-09 04:56:092025-05-07 07:04:30Top 10 Applications of AC/DC Converters in Modern Electronics
Appointment Scheduling Software Market size worth US$1,004.875 million by 2029
Press ReleasesThe appointment scheduling software market is expected to grow at a CAGR of 9.69% during the forecasted period, with a market valuation of US$632.743 million in 2024, and is expected to reach US$1,004.875 million by 2029.
Appointment scheduling software commonly known as online booking software, supports individuals, groups and companies in managing their schedules and attendance. Most of them specialize in a certain area like; beauty or healthcare services. Even though appointment scheduling is a common activity in our daily lives, today’s technology has made it easier. It helps companies better schedule appointments, manage reservations, and reschedule ones. They can use it to mark those who miss or cancel appointments. Additionally, it allows businesses to present their goods in person, converting online website browsing into in-person store visits.
Software for scheduling appointments can have features like revenue registration, payment processing, calendar synchronisation, employee and customer management, and support for mobile apps. The market for appointment scheduling software is expanding due to growing demand for factual analysis and reporting, increased use of software across industries, and artificial intelligence. The use of appointment scheduling software outside of the healthcare and educational sectors broadens its previous applications. For instance, scheduling a haircut, meeting with a financial advisor, and maintaining household appliances can sometimes be done in real life with just one click. Without the appointment scheduling tool, life was difficult in this way. These opportunities are being used by branches and different service areas, such as fitness centres, beauty salons, and home services.
Further, the added value it provides to business operations as well as the lifestyle of the customer is the main driver of this disruption. Businesses understand the benefits of efficient scheduling, reducing the number of no-shows, and enhancing shell processes.
The appointment scheduling software market, by type, is divided into four types- Web-based, Mobile App, Software as–a Service, and others. Demand for mobile apps as a result of the recent wave of 5G deployment in different markets and the accessibility of reasonably priced 5G devices for lower-class consumers. In developing markets, this trend is propelling the creation of new 5G applications for consumers and businesses.
Through mobile apps, several players provide appointment scheduling software. With the help of these apps, users can effectively manage tasks linked to appointments, send and receive notifications, manage schedules with a single click, interact with clients and team members, and access and maintain track of all relevant data in one location. For example, Qudini, a provider of appointment scheduling solutions, was acquired by Verint in January 2023. Qudini facilitates communication between clients and staff via video chat, phone, or in person.
The appointment scheduling software market, by organization size, is divided into three Small, medium, and large. Businesses are implementing appointment scheduling software to improve the customer experience and grow their businesses at a rapid pace through digital strategy changes. The market is segmented into SMEs and large enterprises based on the type of enterprise. The use of these programs by large businesses allows them to take up more market share. Adoption of the software improves complex and integrated software solutions to better serve customers, schedule appointments for clients, and anticipate their needs. With the help of this software, large businesses with numerous departments, employees, products, or specialized teams can increase efficiency and the digital customer experience.
In recent times, Small and medium-sized enterprises (SMEs) have increasingly adopted their operations systems to manage numerous bookings and appointments.
The appointment scheduling software market, by deployment, is divided into two types: On-Premise and cloud. Cloud computing systems offer scalability, flexibility as well as accessibility via any internet-enabled device. These platforms are accessed online but run on remote machines. Moreover, server facilities make it possible for organizations to own local servers that manage such programs and keep an eye on security.
The appointment scheduling software market, by end-users, is divided into five types: Corporate, beauty and wellness, healthcare, education, and others. Solutions for scheduling appointments are beneficial for healthcare professionals, hospitals, clinics, and private practices. Furthermore, there is a significant call for appointment scheduling software in the beauty industry to handle salon & spa employee shifts as well as client bookings at wellness centres and beauty athletes
During the projected timeframe, it is anticipated that the market for appointment scheduling software will experience remarkable growth within North America. The area was the first to embrace digitalization, use online booking across a broad range of situations and venues, and observe a shift in the utilization of mobile devices. Competitive advantage from the perspective of customer satisfaction is the primary driver of market evolution. SaaS book scheduling apps will also let companies maintain their access network around the clock and cut back on their online and in-store chains. This provides today’s tech-savvy consumers with a better option, especially when combined with easy online scheduling.
The research includes several key players from the appointment scheduling software market, such as Block, Inc., JRNI, DaySmart Software., Coconut Software Corporation., Appointy, Acuity Scheduling, MINDBODY, Inc., Calendly, Engageware, Setmore Appointments.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/appointment-scheduling-software-market
The analytics report categorizes the appointment scheduling software market using the following criteria:
Segmentation:
The Economic Impact of Green Hydrogen: Driving a New Energy Economy
Thought ArticlesGreen hydrogen generated from renewable energy is regarded as one of the most promising pathways to help industries decarbonize, promote the growth of renewable energy, enhance system flexibility, and ensure national energy security. On the environment’s side, green hydrogen has more potential compared to fossil fuel-based hydrogen which is the major conventional way of producing it. Moreover, as of January 2023, India’s National Green Hydrogen Mission was allocated a budget worth ₹ 19,744 crore. This program was aimed at making India the world leader in the manufacture, consumption, and exportation of green hydrogen together with its components. This has also led to an increase in the renewable energy capacity, for instance, the global renewable energy increased to 33,71,793MW in 2022.
Figure 1: Global Renewable Energy Capacity, Million Watt, 2021 to 2022
Source: International Energy Agency
Nevertheless, several obstacles must be tackled to progress towards creating this envisaged global hydrogen market. Among these challenges are the comparatively high cost of producing green hydrogen, fluctuation in prices for green hydrogen, changes in land use, and availability of water resources through such projects. In addition, there is also a need for acceptance by society on these initiatives as well as the absence of international standardization and regulation. To address these problems, multi-stakeholders such as businesses, policymakers, and research and development communities are collaborating to overcome these hurdles that deter investors. Additionally, nations have developed national hydrogen policies that would facilitate it.
Economic benefits:
Let’s discuss each one in detail.
1. Job Creation and Industrial Growth
The green hydrogen sector across different sectors could generate many employment positions. The job roles available within this field are vast, including those in setting up and maintaining structures for producing renewable forms of energy and those in the factories where fuel cells and electrolyzers are made. In addition, a positive spill-over effect into other industries may occur with the development of green hydrogen, such as in advanced components and material production.
2. Energy Security and Diversification
Another advantage is that green hydrogen enhances energy security due to a reduction in dependence on foreign fossil fuels while at the same time presenting opportunities for diversified energy sources. Thus, by developing green hydrogen infrastructure, governments can generate their clean power and, therefore, enhance their stability and self-determination over it. In this manner, even price fluctuations depending on traditional oil or gas markets can be mitigated by lowering them.
3. Economic Competitiveness
Conventional energy generation is expected to become less cost-effective than green hydrogen manufacturing and using its technologies. Green hydrogen technology can be developed by early adopters into an industry leader in the transition towards sustainable supply chains of power, thus giving them a competitive edge over their counterparts globally. Investment opportunities, as well as overall economic development, could also be attracted through this initiative in areas that are at the forefront of the energy shift.
4. Decarbonizing High-Emission Sectors
Green hydrogen has incredible potential to aid the decarbonization of hard-to-electrify sectors such as heavy industry, shipping, and aviation, among others. These industries can benefit significantly from it as a clean alternative to fossil fuels, thereby reducing their overall greenhouse gas emissions and contributing to climate objectives. It is, therefore, possible for this measure to foster growth that is more resilient and sustainable in terms of the economy.
5. Rural Development and Infrastructure
Renewable energy projects such as solar power plants and wind farms, which are usually located in rural areas, are usually part of the process of producing green hydrogen. This can enhance the development of such regions via job creation, infrastructure investments, and increased local taxes. In addition to this, hydrogen production facilities can trigger growth in supplementary sectors like logistics and transport.
Challenges and Considerations
Although the green hydrogen industry has potential, several challenges need to be addressed to realize its financial gains completely. These challenges include:
Let’s discuss each one in detail.
1. High Production Cost
Currently, green hydrogen is more costly to manufacture than traditional hydrogen or fossil fuels. For instance, green hydrogen currently costs between $4 and $5 per kilogram to produce, which is about twice as much as grey hydrogen. 30 to 50% of the money spent goes toward electrolyzer costs, with the remaining 50% going toward round-the-clock (RTC) renewable electricity. However, if more research and development are focused on reducing the production costs of green hydrogen, then it would be price-competitive for everyone.
2. Infrastructure Development
Establishing infrastructure for green hydrogen production, storage, and distribution will involve huge financial resources. Supportive government policies and public-private partnerships could greatly facilitate this infrastructure development.
3. Regulatory Framework
Clear and supportive regulations are necessary for the prospering of the green hydrogen industry. For hydrogen production and consumption, benchmarks that provide an enduring trading environment and strategies that encourage investment and invention must be established. However, according to NITI Aayog (the government’s think tank), India presently spends more than 160 billion US dollars annually on energy imports alone. This figure could double in the next 15 years. Adopting green hydrogen can help India reduce CO2 emissions by 3.6 gigatonnes cumulatively between now and 2050, in addition to significantly lowering these costs.
In conclusion, green hydrogen has astonishing potential to decarbonize difficult-to-electrify sectors like heavy industry, shipping, and aviation, among others. These sectors would heavily profit from this clean alternative to fossil fuels, thereby decreasing their total greenhouse gas emissions and assisting in achieving climate goals. This means that such a measure can promote more resilient and sustainable economic growth.
Bio-Based Polymers Market is projected to grow at a CAGR of 8.28%
Press ReleasesThe bio-based polymers market is expected to grow at a CAGR of 8.28% during the forecasted period (2024-2029).
The bio-based polymers market is driven by the rising awareness of the impact of renewable resources on the environment, increasing demand from consumers for eco-friendly products, supportive government regulations, and growing innovative advancement.
As per the report, the bio-based polymers market is predicted to increase substantially.
Bio-based polymers are a kind of polymer material produced from biomass generated by renewable biological sources such as plant waste, algae, or another microorganism, rather than fossil fuels like petroleum. These polymers are utilized for multiple purposes in various industries such as textiles, automotive parts, packaging, and medical devices because of their reduced carbon emission and biodegradability properties. There are various types of bio-based polymers available for different uses which include polylactic acid (PLA), starch-based plastics, bio-based polyamides (Bio-PAs), and bio-based polyethylene (Bio-PE). They assist in moving towards eco-friendly usage of materials which reduces reliance on non-renewable resources and decreases their impact on the environment.
The market is encountering considerable expansion due to various variables such as growing consciousness of the environmental impact of plastic usage causing plastic pollution and climate change which has led to consumers moving towards sustainable alternatives and preferring more eco-friendly products which are contributing to the adoption of bio-based polymers in diverse businesses. Furthermore, supportive legislations and governments are implementing policies and regulations such as the ban on single-use plastic to support sustainable materials usage and to reduce carbon emissions by providing incentives and tax benefits for the utilization of eco-friendly materials, which will directly boost market expansion. Furthermore, innovative advancements for the development of cost-effective and reliable bio-based plastic with improved properties will result in an easy switch for industries from traditional plastic material, thus, propelling the expansion of the market globally. For example, in July 2024, the world’s first versatile, 100% bio-based, and biodegradable Super Absorbent Polymer (SAP), named BAYSE™ was launched by ZymoChem. Similarly, in November 2023, BASF introduced BVERDE GP 790 L which is a biodegradable, anti-redeposition polymer with a 79% biobased material and offers the execution and work of acrylate chemistry without negotiating on the sustainability, making it a clean and homogenous item and consistent with the standard detergent formulations.
Based on the type, the bio-based polymers market is categorized into starch-based plastics, polylactic acid, polyhydroxyalkanoates, polyesters, and cellulose derivatives. Polylactic acid is predicted to contribute significantly to the market in the coming years due to its wide utilization in various industries like medical and pharmaceutical industries, and packaging industries because of its rich properties like biodegradability and biocompatibility. Moreover, the constant innovative advancement in polylactic acid is working in improving its properties, making it cost-effective, and also addressing its limitations like heat resistance. The rising demand for environment-friendly products is also driving the rise in polylactic acid requirements.
The market of bio-based polymers by application can be divided into agriculture, textile, electronics, packaging, healthcare, and other applications. The packaging industry is anticipated to fuel the market of bio-based polymer substantially due to variables such as consumers becoming increasingly aware of the environmental impact and demanding more biodegradable and sustainable packaging. Further, governments are implementing stringent regulations on non-biodegradable materials leading to an increase in the utilization of bio-based polymers by industries. Further, advances in innovation are making them affordable leading to a surge in their adaptation by manufacturers rather than traditional plastic packaging materials.
The bio-based polymers market has developed substantially in the Asia Pacific region due to various factors. Various Asian Pacific countries such as China, Japan, India, and South Korea are majorly focusing on environmental sustainability promoted with multiple government initiatives and programs. Moreover, the rise in industrialization in the region is leading to an increase in demand for the utilization of eco-friendly materials by diverse industries like automobiles, electronics, packaging, and textiles industries. Further, collaboration by different research institutes, industry players, and governments for developing more convenient and reduced-cost bio-based materials for a wider range of applications will also promote the increase of the market in the region.
The bio-based polymers market is supported by key players such as BASF SE, BIOTECH Biologische Naturverpackungen GmbH & Co. KG., Cardia Bioplastics, Covestro AG, Corbion, Cortec Group Management Services, LLC, DuPont, FKuR, and Innovia Films.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/bio-based-polymers-market
This analytics report segments the bio-based polymers market on the following basis:
Top 5 Innovations Transforming the Lubricants Market
Thought ArticlesLubricants are known to be responsible in terms of providing efficient lubrication for automotive parts which play a role in reducing any friction that is caused in the vehicles. Not only this, but automotive lubrication also serves many secondary functions such as cleaning and cooling down the engine parts, by the prevention of rust and corrosion buildings. These automotive lubricants are known to be solid, oil-based, plastic, or a combination of all three. Oil and grease are the most common lubricants.
The major factor driving the market of automotive lubricants is the advancements in technology which are leading towards the development of new lubricants that are efficient and capable of withstanding high temperatures along with higher pressures that are propelling the market growth. In this regard, one of the imperative advancements in lubricant technology is their advanced ability to withstand higher temperatures and pressure enabling the effective use of lubricants in high-performance applications where the conventional lubricants are failing or require frequent replacement.
The Top 5 Innovations Transforming Lubricants Market are:
1. The Efficient Usage of Lubricants in the Automotive Segment
Lubricants are considered extremely important when it comes to their use and effectiveness in the smooth functioning of vehicles. They also serve multiple purposes, such as corrosion reduction, along with the maintenance of running temperature, which can turn out to be vital in increasing the life of various engine components.
Different types of lubricants are used in the automotive segment, such as motor oil or engine oil. Engine oils are efficiently used for the lubrication of internal combustion engines in different types of automobiles. They are also used in various other applications such as corrosion protection, wear reduction, and even play a role in ensuring the smooth operation of the engine internals.
In the European region, Germany is expected to hold a prominent share in the automobile manufacturing industry as it hosts major car-making brands such as Audi, BMW, Volkswagen, Mercedes-Benz, Porsche, etc. With such major hosts in car making, the country and region have been investing exceedingly in research and development activities, which is further resulting in the increasing automotive production in the country. According to the German Trade and Invest (GTAI), German automobile manufacturers initiated the production of over 15.6 million vehicles in 2021, making Germany the European car production leader with the production of 3.1 million passenger cars, and 351,000 commercial vehicles, which were further manufactured in the German plant. Furthermore, there has been a decrease in general car sales in the country and an increase in electric vehicle registrations, which is further supported by the government’s push towards all-electric cars by 2024.
Furthermore, since the year 2020, the global light vehicle production trend has also been witnessing an increase which is further acting as a growth driver for the lubricant market. For instance, in the year 2020, the light vehicle production trend was at 70 million units, and by 2025 it is expected to reach 98.9 million units.
Figure 1: Global Light Vehicle Production Trend, in Million Units, 2020 to 2025
Source: Germany Trade and Invest
Additionally, various other factors are driving the growth of the automotive lubricant market in the APAC region, such as the rising population, which is resulting in the rising production and sales of vehicles, particularly passenger vehicles. China, in this regard, is known to be the largest automotive lubricant consumer in APAC by playing a pivotal role in its increasing production and sale of vehicles. According to the data provided by the OICA, in the year 2023, China resulted in the production of a total of 26,123,767 cars, out of which 4,037,209 were commercial vehicles. India accounted for the production of a total of 4,783,628 cars, out of which 1,067,878 are commercial vehicles.
2. Key Developments in the Lubricant Market
Strategic key developments in the market are playing an efficient role in the growth of the market. Innovation and technology are regarded to be the most significant factors that drive companies to come up with strategies for the expansion of the business, ultimately resulting in market growth. A few such key developments are:
3. Nanotechnology as Lubricant Additives
The interposition of three solid, liquid, and gaseous substances between the surfaces of two materials is known to be the process of lubrication, which is imperative in minimizing friction and wear. All commercial lubricants are known to be equipped with additives present in the formulation, which enhance certain oil properties like friction reduction, corrosion, wear reduction, or just inhibition, viscosity improvement, and pressure resistance. In this regard, nanoparticles are widely used as additives. Thus, with the introduction of nanotechnology, the use of nanoparticles as additives in lubricants is resulting in the achievement of better tribological properties, which are gaining much attention in recent times.
A nanoparticle is regarded as a tiny particle ranging from 1 to 100 nanometers in size, undetectable by the human eye. Furthermore, they interpret significantly different chemical and physical properties in comparison to their larger material counterparts. They are made through different manufacturing methods, which can be seen from the figure below.
Various types of lubrication mechanisms also come into play, such as:
4. Strategic Revolutionizing Megatrends
To maintain the longevity of industrial equipment and for smooth operation, lubricants are considered to be important as they are regarded to be the driving force behind industrial growth. For instance, when it comes to the automotive industry, advanced lubrication is placed in importance when it comes to the transition to electric vehicles, mainly to ensure that each of the mechanical components operates efficiently, seamlessly, and with minimal friction. For the manufacturing segment, the metal and mining industry, as well as even for highway construction equipment, lubricants play an efficient role.
There are a few strategic revolutionizing megatrends that are involved in the lubricants industry, such as the growth or the rise of lubrication-as-a-service (LaaS). The LaaS model is considered to be imperative as it supports the transformation of how companies are approaching machinery lubrication through the process of offering service-based solutions in opposition to a traditional product-driven approach. Lubrication-as-a-Service is imperative in making sure that lubrication is provided precisely when and where it is needed, with continuous monitoring, aiming towards the optimization of equipment performance, which further results in the reduction of downtime.
In terms of disruptive technologies, three main factors are imperative in the lubricant market.
Figure 2: Electric Vehicle Sales, in Million, 2021 to 2024
Source: IEA
5. Automated Lubrication Systems
Lubrication is considered to be vital for machine components like gears, bearings, pins, chains, or bushings. To perform well, all of these require efficient lubrication for their optimal performance. The automated lubrication system plays an important role in lubrication, where it is difficult for manual lubrication to play its part. Automated lubrication systems have brought about new opportunities that are aimed towards increasing profitability as a result of the reduction in costs to operate machinery, improving safety as well as reliability, along with the extension of service intervals by full optimization of manpower resources.
There are several advantages of automated lubrication systems such as:
How Duty-Free Shopping is Evolving in the Age of Digitalization
Thought ArticlesDuty-free can be defined as a process where people purchase goods in airports or cruise ships without paying taxes on them. The idea behind duty-free shopping is to make it easier for travel like any other person wouldn’t buy them back home due to tax as well as their expenses.
It is like online retailing would be the best thing to happen in future since the latter is becoming more popular than ever before while people are able (and willing) to spend more through this channel. Hence, these shops can expect online shopping gains due to that e-commerce phenomenon by allowing clients to transact from any place around the world. Furthermore, ecologically conscious merchandise which has little if no negative impacts on earth will play a significant part in these outlets’ activities as well.
Moreover, the duty-free shopping experience has shifted fundamentally in recent years mainly due to the impact of digitalization. Going forward, technology will be a key player in determining how travel retail changes and expands in response to evolving taste preferences among consumers. This paper seeks to investigate the ways through which current technology is influencing duty-free shopping thereby enhancing effectiveness, ease as well as more personalized experiences for global tourists.
How duty-free shopping is evolving in the age of digitalization is as follows:
Let’s discuss each one in detail.
1. The Rise of E-Commerce in Duty-Free Retail
The advent of e-commerce has made some significant alterations in duty-free shopping. Only a limited number of goods were available in these shops confined to airports for passengers before. However, many duty-free stores today offer presale options through their websites or mobile applications because of the increasing number of online shopping platforms. For instance, as per the Census Bureau, Commerce Department e-commerce sales estimate for the second quarter of 2024 in the US is $291.6 billion which is up 1.3 %. With this shift, clients have a chance to browse and select items before the trip starts, often having the option to collect them at the airport or when they leave. Additionally, this pre-order scheme makes it easier for retailers to manage stock levels while easing congestion at physical locations thereby streamlining the purchasing process.
Figure 1: E-commerce Quarterly Retail Sales, in Million Dollars, United States, 2024
Source: Census. gov
2. Enhanced Personalization Through Data Analytics
As a result of digitalization, there have been remarkable improvements in personalization within duty-free retail. Using data analytics and customer relationship management (CRM) systems, retailers can learn about their customers’ tastes and purchase behaviours. With this information about individual travelers, they can send personalized offers especially chosen for them as well as promotions and product recommendations. For example, a first-time visitor could receive an introductory offer on popular items while frequent flyers might be given special discounts on high-end products. Enhanced personalization creates a livelier and more exciting shopping atmosphere which promotes repeat purchases plus customer retention in the long run.
3. The Integration of Contactless Mobile Payments
These days, when people go for international duty-free shopping it is always a sign of the latest evolution for contactless and mobile payments. Mobile phones with digital wallets have made it possible for travellers to make immediate and safe purchases without having actual money or credit cards on them. Besides, contactless payments not only speed up the whole checkout procedure but also minimize the chances of fraud and increase convenience in all ways. Related trends are being observed in the retailing business as customers are getting more and more inclined towards seamless, nonintrusive transactions.
4. Virtual and Augmented Reality Experiences
As technology progresses, the duty-free retail sector is starting to incorporate virtual and augmented reality. This allows passengers to look at goods and shop designs in three dimensions before they buy; it is a unique opportunity for them to experience these goods and spaces. In this instance, consumers can have virtual tours of duty-free shops through VR while AR enhances their in-store experience by superimposing digital content on real products.
From the use of mobile apps and virtual stores, technology has revolutionized duty-free shopping and made it appealing to customers across the world. Therefore, people are now able to use their laptops or cell phones to buy products at duty-free shops following this new idea of virtual stores. This means that anyone can browse through different products and view their prices from the comfort of his or her home or office. Also, online shopping is a good way for one to avoid long queues at airports as well as large crowds hence saving time. Overall, these developments provide exhaustive product details and virtual dressing rooms that make shopping not only more entertaining but also help customers make informed choices.
5. Sustainable and Eco-Friendly Practices
The immediate duty-free retail area is being transformed as a result of the digitalization wave into friendlier practices about the environment. Retailers can utilize these digital tools and e-commerce platforms to reduce their carbon footprint, and waste as well as have better tracking and managing capabilities for their supply chains. Again duty duty-free shops are beginning to use environment-friendly packaging while showcasing green-certified merchandise. This commitment to preserving the environment goes hand in hand with larger international efforts towards environmentally friendly consumption and thus attracts tourists who increasingly care about ecology.
6. The Future of Duty-Free Shopping: Omnichannel Integration
Two retail channels will probably shape the future of duty-free shopping: offline and online channels. The omnichannel strategy that integrates online and offline touchpoints is the way to a seamless and consistent shopping journey. In other words, travellers can buy through a mobile application and then choose either to have it dropped off at their place or pick it up from an airport store. Furthermore, improved loyalty programs intended for both in-shop purchases and internet orders are expected to play a crucial role in the integrated shopping experience.
In conclusion, the travel retail scene is experiencing fascinating changes and evolutions in duty-free shopping in the digital age. E-commerce has made it easier for consumers to acquire products and services through digital platforms while mobile payment conveniences have advanced the creative aspect of the duty-free experience alongside the recommendation tools. As we look ahead, there will be more technological advancements that will also redefine and improve upon these approaches.
Pulse Power: Unveiling the Top 10 Pulses That Pack a Nutritional Punch
Thought ArticlesExplore the Power of Pulses: Nutrient-Rich Beans, Lentils, and Peas
Dive into the world of pulses—nutrient-dense beans, lentils, and peas that offer remarkable health benefits. Incorporating pulses into your diet regularly can help lower the risk of heart disease, type 2 diabetes, and certain types of cancer. These plant-based superfoods are incredibly versatile, making them ideal for everything from soups and salads to breads and desserts. Pulses are also an excellent source of protein, fiber, folate, iron, and phosphorus, making them a smart choice for balanced nutrition. India and Australia are among the top global producers and exporters of pulses. Discover the Top 10 Pulses and how these wholesome ingredients can enhance both flavor and wellness in your everyday meals.
Top 10 Pulses
Let’s discuss each one in detail.
1. Chick Peas (Bengal Gram)
Chickpeas, also known as garbanzo beans, are nutrient-rich legumes gaining popularity worldwide for their health benefits and culinary versatility. Packed with plant protein, dietary fiber, and essential vitamins and minerals, chickpeas support digestion, promote heart health, regulate blood sugar levels, and aid in weight management. They are an excellent choice for vegetarian and vegan diets, offering a valuable source of protein and nutrients.
Chickpeas are used in a wide range of dishes, including hummus, curries, stews, and salads, making them a staple in global cuisines. They are rich in vitamin B6, folate, and vitamin K, all of which contribute to overall wellness and immune support.
India is the world’s leading producer of chickpeas, accounting for nearly 50% of the country’s total pulse output. According to the ICAR–Indian Institute of Pulses Research, India’s chickpea production reached 13.75 million tonnes in 2021–2022, and by 2023, chickpea cultivation area expanded by 25%, highlighting the crop’s rising importance in agriculture and food security.
Global Production of Chickpea, in Tons, for 2019, 2020, and 2021
Source: World Population Review
2. Red Kidney Beans
Red kidney beans are an important bean in the food industry due to their versatility and nutritional value. These medium-sized, dark red beans have a distinct kidney shape, and their rich flavor and creamy texture make them a popular ingredient in many dishes around the world. Red kidney beans are widely used in both traditional and modern cuisines, adding depth, flavor, and nutritional value to a wide range of dishes. They are an excellent plant-based protein source, making them an essential part of vegetarian and vegan diets. They also contain important nutrients such as dietary fiber, vitamins (including folate and vitamin K), and minerals like iron, magnesium, and potassium. This nutrient profile improves the health benefits of their consumption.
Kidney beans are useful in numerous health issues such as diabetes, heart health, iron deficiency anemia, and colon health. India, China, and the United States are major producers of red kidney beans. For instance, according to the US Department of Agriculture’s “China: Pulses, Kidney Beans & Dried Pulses” report, in the year 2021–2022, China’s red kidney bean production was 250,000 metric tons (MT). Additionally, in the United States, 93 million hundredweight red kidney beans were produced in 2023.
3. Lentils (Masoor)
Lentils are edible legumes from the pulse family, recognized for their small, lens-shaped seeds and wide variety of colors, including yellow, red, green, and brown. Cultivated for centuries across the globe, lentils are highly valued for their nutritional content, culinary versatility, and rich flavor. Commonly featured in soups, stews, curries, and salads, lentils are celebrated not only for their taste but also for their ability to absorb and enhance the flavors of other ingredients.
Lentils can also be ground into flour to create gluten-free baked goods and snacks, making them ideal for those with dietary restrictions. These pulses are a powerhouse of plant-based protein, making them a staple in vegetarian and vegan diets. Lentils are also rich in fiber, iron, folate, and essential vitamins and minerals. Their high fiber content promotes digestive health, helps regulate cholesterol levels, and supports overall heart health.
Canada is the world’s leading producer of lentils, thanks to its fertile soil and favorable growing conditions. Canadian lentils are renowned for their quality and are exported globally. Other major producers include India, Turkey, Australia, and the United States, where lentils are adapted to various climates and soil types.
According to the Canadian Grain Commission, Canada produced 2.3 million tonnes of lentils in 2022, marking a 43.3% increase from 2021. In India, the ICAR–Indian Institute of Pulses Research reported 1.28 million tonnes of lentil production in 2022, cultivated across 1.42 million hectares, with an average yield of 904 kg/ha.
Production of Lentils in Canada, in Tons, in 2022
Source: Canadian Grain Commission
4. Green Beans (Moong Beans)
Green beans are a popular pulse from the bean family. This versatile vegetable is distinguished by its long, slender shape and bright green color. Green beans are widely cultivated and used in a variety of cuisines around the world and can be used raw or cooked, making them a versatile ingredient in salads, stir-fries, casseroles, soups, and other dishes. Green beans, with their tender, crisp texture and mild, slightly sweet flavor, make an excellent addition to many dishes. Apart from their food uses, these beans are extremely nutritious and provide numerous health benefits. They are low in calories and fat, but high in essential nutrients such as dietary fiber, vitamins A, C, and K, as well as minerals like manganese and potassium. They contain dietary fiber, which aids digestion, promotes bowel regularity, and helps people maintain a healthy weight. These beans are also high in antioxidants, which protect cells from oxidative stress and thus promote overall health.
China is the world’s largest producer of green beans due to its vast agricultural system and favorable growing conditions, which allow for significant green bean production. Other major green bean producers include India, Indonesia, Myanmar, and Turkey. These countries use their agricultural resources and expertise to grow and supply green beans to domestic and international markets, ensuring a consistent supply of this nutritious pulse. For instance, according to the World Vegetable Center, Jilin is China’s largest mungbean producer as the varieties grown in the region are well-known for their full grain and size, shiny green color, and superior nutritional and sprouting properties, Baicheng exports 70,000 tonnes of mungbean annually, with more than 50,000 tonnes of high-value, sprouting-quality beans. Additionally, according to the ICAR-Indian Institute of Pulses Research, Mungbean production in India reached 5.5 million hectares in 2022, resulting in 3.17 million tonnes at a productivity of 570 kg per hectare.
5. Faba Beans
Faba beans, also known as broad beans, are nutrient-dense pulses from the legume family and among the oldest cultivated crops in human history. Known for their distinct earthy flavor, faba beans have been grown for thousands of years and remain a staple in many global cuisines. Their culinary versatility makes them ideal for dishes such as salads, soups, stews, and plant-based meals, offering a rich source of protein and nutrients.
Faba beans offer a variety of health benefits thanks to their impressive nutritional profile. They are rich in dietary fiber, iron, manganese, and folate, while being naturally low in fat and cholesterol, making them a heart-healthy food choice. In addition, faba beans are packed with antioxidants, which help combat oxidative stress and may reduce the risk of chronic diseases.
China is currently the world’s largest producer of faba beans, thanks to its favorable climate and advanced agricultural practices. Chinese faba beans are highly valued in international markets for their superior quality and taste. According to the National Library of Medicine, China accounts for approximately 30% of global faba bean production, with a harvested area of 811,000 hectares and an annual yield of 1.69 million tonnes.
6. Pigeon Peas (Arhar)
Pigeon peas (Cajanus cajan) are protein-rich legumes cultivated for centuries and valued for their nutritional benefits, culinary versatility, and adaptability to diverse climates. These small, oval-shaped beans are a staple ingredient in many global cuisines, particularly in Indian, African, and Latin American dishes. They are commonly used in soups, stews, dals, and rice preparations, enhancing meals with their rich flavor and health benefits.
Pigeon peas are packed with dietary fiber, essential vitamins, and minerals that support digestive health, cardiovascular function, and blood sugar regulation. Their high nutritional value makes them an excellent component of balanced, plant-based diets.
India leads global pigeon pea production, thanks to the crop’s drought-resistant properties and suitability for tropical and subtropical climates. According to the ICAR–Indian Institute of Pulses Research, India produced 4.34 million tonnes of pigeon peas in 2022. The market value of pigeon peas in India was estimated at USD 14,334.5 million in 2022, with projections reaching USD 23,798 million by 2032, reflecting strong domestic and international demand.
7. Black Matpe (Urad)
Black Matpe, also known as Urad, is a type of pulse that is widely cultivated in many parts of the world due to its versatility and nutritional value. Black Matpe has small black seeds with a creamy white interior which is essential in various meals. It is commonly used to make delicious dishes, including dals, curries, soups, and snacks. Urad dal, made from black matpe, is commonly used in the preparation of traditional Indian dishes such as dosa, idli, and vada. Its earthy flavor and ability to absorb spices make it a popular choice for creating spicy meals.
Black Matpe includes numerous health benefits and contains essential nutrients such as protein, dietary fiber, iron, magnesium, potassium, folate, and vitamins B and C. Urad’s high protein content makes it an excellent choice for vegetarians and vegans seeking to meet their protein needs. India is the largest producer of black matpe, also known as urad. The country’s high agricultural heritage and favorable climatic conditions make it an ideal place to grow this pulse on a large scale. Myanmar, Thailand, and Sri Lanka are also major producers of black matpe.
8. Black Eyed Peas (Lobiya)
Black Eyed Peas, also known as Lobiya, is a popular bean with cultural and culinary importance. These small creamy-white beans with a black spot are versatile and can be used in soups, stews, and salads. It offers numerous health benefits, which are high in dietary fiber and helps to promote digestive health by relieving constipation and regulating bowel movements. These beans are also a good source of plant-based protein, making them an excellent addition to vegetarian and vegan meals. In addition, black-eyed peas are high in essential vitamins and minerals such as folate, iron, magnesium, and potassium, which help to boost energy and overall well-being. Nigeria is the world’s largest producer of black-eyed peas due to the country’s favorable climate and agricultural practices making it an ideal location for large-scale bean farming. Nigeria’s production and export of Black-Eyed Peas contribute significantly to meeting the global demand for this nutritious and versatile bean. For instance, according to the International Institute of Tropical Agriculture, Nigeria is the largest producer of black-eyed peas, contributing to 48% of production in Africa and 46% worldwide.
9. Dry Beans
Dry beans are beans that have been harvested, dried, and then separated from their pods. They are versatile beans that are consumed worldwide and have high culinary and nutritional value. Dry beans are available in a variety of shapes, sizes, and colors, and are commonly used in many meals, demonstrating their importance in global gastronomy. Dry beans are high in protein, fiber, vitamins, and minerals, which provide numerous health benefits, aiding digestion, lowering cholesterol levels, and helping with weight management. Furthermore, these beans are also known for their ability to prevent certain types of cancer and boost overall immunity due to their high antioxidant content. India and Brazil are some of the world’s largest producers of dry beans due to their vast agricultural lands and favorable climate.
10. Bambara Beans
Bambara beans (Vigna subterranea) are also known as Bambara groundnuts or earth peas due to their growth underground. They are versatile and can be used in a variety of culinary applications, including boiling, roasting, and grinding into flour. They are used in stews, soups, and porridges, as well as a tasty addition to many traditional dishes. The beans offer a nutty flavor and a slightly sweet taste, making them popular among food enthusiasts. Bambara beans provide numerous health benefits as they are high in protein, fiber, potassium, calcium, iron, and B vitamins. This makes them an excellent source of essential nutrients for vegetarian and vegan diets. Nigeria is the largest producer of Bambara beans due to the favorable climate and agricultural practices, which have enabled the country to become a major global producer of this nutritious bean.
Find some of our related studies:
Animal Feed Antioxidants Market size worth US$614.943 million by 2029
Press ReleasesThe animal feed antioxidants market is expected to grow at a CAGR of 3.71% during the forecasted period, with a market valuation of US$512.612 million in 2024, and is expected to reach US$614.943 million by 2029.
The animal feed antioxidants market is driven by the increasing consumption of meat and dairy products, the growing focus on animal health, and the rising awareness of feed quality accompanied by stringent regulations.
As per the report, the animal feed antioxidants market is expected to grow significantly.
Animal feed antioxidants are substances added to avoid oxidation, which can cause decay and rancidity in feed ingredients. They neutralize destructive free radicals, ensuring the protection of the feed’s supplements and keeping up its quality. Antioxidants progress feed quality preventing the oxidation of fats and oils and protecting dietary value. Moreover, they improve animal well-being by securing cells and tissues from oxidative stress. Antioxidants expand the shelf life of animal feed, decreasing waste and saving costs. The animal feed antioxidants market is increasing due to variables such as expanding requirements for animal-based products, urbanization, and changing dietary preferences. Antioxidants work in preventing illnesses, progress feed productivity, and contribute to more secure and more beneficial food items. They moreover prevent feed from deterioration and rancidity, protecting its nutritional value, further the aquaculture industry is extending due to rising fish utilization, which intensely depends on feed additives like antioxidants. Governments are executing stricter directions on feed safety to advance the utilization of antioxidants. Innovative advancements, such as new antioxidant formulations and progressed delivery systems, are fuelling market expansion globally. For instance, in May 2024, Layn Natural Ingredients presented ®, a plant-based antioxidant additive for pet nourishment namely, SophorOx, developed to combat oxidative stress and help weight management in pets. Inferred from Sophora Japonica, it addresses joint, weight, and stomach-related issues of pets. Similarly, in October 2023, Lallemand Animal Nutrition launched LALPROBIOME, a new platform of innovative microbial solutions for pets, incorporating probiotics, postbiotics, antioxidants, and prebiotics permitting for customization and separation in pet food, treats, and supplements.
Based on the type, the animal feed antioxidants market is categorized into natural and synthetic. Synthetic antioxidants rule the market of animal feed antioxidants as of now due to factors such as cost-effectiveness, standardized viability, and higher antioxidant capacity. However, there is a shift in trend as buyers’ inclination toward natural products is rising, including animal-derived food, expanding the necessity for natural antioxidants in animal feed. This move is driven by the developing inclination for animal-derived food and the requirement for steady quality and dose during the production of the feed antioxidants.
The market of animal feed antioxidants by livestock can be categorized into poultry, swine, cattle, and others. Poultry is anticipated to dominate the animal feed antioxidants market during the forecasted period due to its high metabolic rate, rising demand for poultry meat and eggs which requires higher amounts of feed additives including antioxidants, and increasing concerns about feed quality. Antioxidants offer assistance to protect cells from damage and preserve feed quality due to their high fat content leading to a rise in their demand for poultry animals.
The animal feed antioxidants market has developed significantly in the Asia Pacific region. This is due to the growing population and rising disposable incomes in Asian nations which have led to a increased demand for protein-rich foods. Moreover, Asian countries have a large livestock population that requires sufficient feed, and antioxidants as they are vital for their quality of preserving feed. Mindfulness about animal wellbeing and health is increasing, and antioxidants progress immunity and in general health. Government support in advancing livestock improvement indirectly boosts the requirement for antioxidants in feed additives of animals.
The animal feed antioxidants market is supported by key players such as BASF, DuPont, Cargill, Incorporated, Kemin Industries, Inc., BTSA, Eastman Chemical Company, Alltech, Adisseo (China National Bluestar (Group) Co, Ltd.), Novozymes A/S (Novo Holdings A/S), and Koninklijke DSM N.V.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/animal-feed-antioxidants-market
This analytics report segments the animal feed antioxidants market on the following basis:
How Biomedical Textiles are Transforming Wound Care and Surgical Applications
Thought ArticlesBiomedical textiles are adapted for many medical and surgical applications. The major use of biomedical textiles is medical apparel. The textiles in fiber and fabric form are used as implants, filters, and surgical dressings. Recent advances in medical textile production have made it possible for implants to aid or replace damaged tissues or organs. These products are used to repair the body, whether it is wound closure (sutures) or replacement surgeries (vascular grafts or artificial ligaments).
The growing use of bio-medical textiles is due to the challenges associated with the complete transplant, such as rejection, immunosuppressants, psychological difficulties, physiological difficulties, donor organ shortage, etc. Hence, medical communities are using artificial substitutes such as biotextiles. This substitute material used to replace the body part is called a prosthesis. The most common use of the prosthesis is in the knees or hips. The main focus of using bio-medical textiles is to serve the purpose they are applied for, such as sutures requiring a biodegradable textile.
Another example of such an example is artificial ligaments. The artificial ligaments, LIGASTIC, offered by Orthomed, are used to replace or reinforce an existing ligament. These are utilized for at least 6 months in ACL (anterior cruciate ligament) reinforcement cases or permanently for replacement cases. It is made from Polyethylene Terephthalate (PET). These are knitted in nondeforming and non-wrappable chains. The fibers are orientated longitudinally in the axis of the ligament and are straight and parallel at maximum extension. The porosity of 400μm facilitates colonization, which allows the reinforcement or the replacement. The product is available in several sizes and shapes, following the procedures.
There are several major applications of bio-medical textiles in the field, such as wound treatment and cardiovascular, where it is utilized for the aortic and mitral transcatheter valve skirts, atrial appendage occlusion device coverts, or endovascular stent-grafts. In orthopedic applications, the sutures and assemblies, joint and ligament fixation, and spinal fixation tethers. For tissue engineering with cell scaffolds and resorbable wound healing materials.
Cardiovascular Applications
Cardiovascular diseases (CVDs) and ailments are increasing at a very alarming pace globally. According to the WHO (World Health Organization), cardiovascular diseases are the leading cause of death globally. CVDs include disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and others. Both behavioral and environmental factors use these. The major behavioral factors for the increased risk of CVDs are unhealthy diet, physical inactivity, tobacco use, and use of alcohol. Environmental risk factors include air pollution as an important factor. These factors lead to complications such as raised blood pressure, raised blood glucose, raised blood lipids, and overweight and obesity, which would lead to heart attack, stroke, heart failure, and others. In 2022, coronary heart disease (CAD) killed 371,506 people in the United States. About 1 in 20 adults aged 20 and older have CAD, i.e., 5% of the total population.
Figure 1: People With Coronary Artery Disease (Cad), (20 Y and Above), United States, in %, 2022
Source: CDC (Centre for Disease Control)
With increased numbers of patients and considerable diagnostic and technological advancements, vascular diseases are becoming important in general and clinical practices. The design and manufacturing of synthetic vascular prostheses have been challenging in research and development. The materials used need to meet all the requirements. The important aspects are porosity, compliance, and biodegradability.
The general application for the lower-profile devices and less invasive cardiovascular and endovascular procedures/applications included heart valve replacement, aortic arch reinforcement, stent graft covering, carotid artery repair fabric, tissue grafts, and others. The key benefits included the less invasive, lower profile, controlled density and porosity, flexibility, shape transformation, high tensile strength, and biocompatibility, among others.
DSM offers a biomaterial portfolio for cardiovascular applications, as shown in the following table.
Table 1.1: DSM Biomaterial Portfolio for Cardiovascular
Neurovascular Applications
According to the AANS (American Association of Neurological Surgeons), an estimated 30,000 people in the United States experience a ruptured cerebral aneurysm. Among them, as many as 6 percent may have an unruptured aneurysm. The cerebrovascular disease includes disorders in which the brain is temporarily or permanently affected by ischemia or bleeding.
Several companies are developing advanced materials for biomedical textiles to enable minimally invasive expansion and compaction of critical neurovascular devices for aneurysm repair and stroke prevention and treatment.
Secant Group offers textiles for neurovascular devices used for diverting blood flow, retrieving blood clots, or preventing or reducing plaque debris. The company specializes in developing products to shorten lead times, limit development costs, and deliver a prototype in a limited time. Customization and fabric modification facilities are available in the product development process to meet the requirements.
Secant Group offers neurovascular textile solutions for creating a new device or enhancing a predicate device. Manufacturers can obtain a broad portfolio of advanced textile solutions and services tailored to neurovascular devices.
Table 1.2: Secant Group, Neurovascular Textile Solutions
Orthopedic Applications-
There are multiple orthopedic applications, such as minimally invasive solutions for bone grafting and fusion, spinal motion preservation, tissue fixation, cartilage, tendon, ligament, and meniscal repair. The major aspect of the development of orthopedic devices is identifying the most appropriate textile material to utilize. The textile material for orthopedic devices can be applied as flexible structures for tissue reinforcement and joint support and to join materials and secure implants in the body. The structures that are made from bio textiles are bone anchors, bone containment bags, high-strength sutures, scaffolds for load-sharing, and scaffolds for soft tissue repair, among others.
Table 1.3: Orthopedics, Biomedical Textiles, New Developments
General Applications
Non-toxicity, nonallergenic, and able to be sterilized are the major characteristics of medical textiles, which makes them appropriate for wound care applications. The major applications of these materials are to provide protection against infection, absorb blood, promote healing, and apply medication to the wound. The wound dressings are composite materials consisting of an absorbent layer between a wound contact layer and a flexible base material. The use of healing property fibers like collagen, alginate, and chitin is relevant in the treatment.
Soft-tissue implants are a major application of these materials. They are used because of their strength and flexibility. For both reconstructive and corrective surgery, soft-tissue implants are employed for the replacement of tendons, ligaments, and cartilage.
Conclusion
The growing elderly population worldwide is leading to increasing age-related physiological issues. This growing elderly population has orthopedic, spinal, cardiovascular, and other major disorders. According to the World Population Prospects 2022, the population above the age of 65 is growing more rapidly. The percentage of the global population aged 65 and above is expected to rise from 10% in 2022 to 16% in 2050, this is a significant surge in the geriatric population.
Figure 2: Proportion of People Aged 65 Years and Above, in %, 2022 and 2050
Source: United Nations
This increase in geriatric population is occurring at a significant pace in developing countries as well as developed countries. This is historically significant as the population requires adaptations to how societies are structured across all sectors. This includes healthcare needs, social care, innovation-related healthcare, etc.
Several major companies are taking steps in the expansion of the biomedical textiles industry. Cortland Biomedical is a major player that customizes designs and manufactures biomedical textile structures. They have years of experience in medical textile engineering methods, including knitting, braiding, and weaving. In January 2024, announced the expansion of its weaving capabilities by incorporating two additional Jacquard Looms. This strategic move would enhance the company’s capacities and advancements in medical textiles. Cortland Biomedical specializes in plain and narrow weave fabrics, including shuttle and rapier weaving. It excels in creating unique three-dimensional structures for applications like vascular grafts. These woven textiles are specifically designed for vascular and abdominal aortic aneurysm grafts and ensure limited blood flow.
In April 2022, Integer Holdings Corporation acquired Connemara Biomedical Holdings Teoranta. The acquisition also included operating subsidiaries Aran Biomedical and Proxy Biomedical. It was acquired for €120 million, with up to an additional €10 million of contingent consideration payable based on Aran’s achievement of 2022 revenue growth. Aran Biomedical specializes in the design, development, and manufacturing of solutions for medical devices, it generated sales of $17 million in 2021. These developments in the industry would lead to the overall growth of the application of biomedical textiles in wound care and surgical domain.
Naphthalene Derivatives Market size worth US$2,466.707 million by 2029
Press ReleasesThe naphthalene derivatives market is expected to grow at a CAGR of 3.73% during the forecasted period, with a market valuation of US$2,054.023 million in 2024, and is expected to reach US$2,466.707 million by 2029.
The primary sources of naphthalene derivatives are petroleum and coal tar, which are processed using carbonization or destructive distillation. Originally, the compounds were obtained by using coal as the raw material. However, when technology changed and coal became rarer, petroleum was utilized as the primary material for producing naphthalene derivatives through alkylation. Phthalic anhydride is one of the naphthalene derivatives which have been employed in textile production, building industry and other areas. Naphthalenes can find many industrial applications because of their different chemical and physical properties.
The demand for these derivatives is primarily driven by their increasing use in industrial applications. Due to their lightness and absence of fragrance, they are extremely beneficial in construction, textile and agrochemical industries. The increasing production capacity of the naphthalene derivatives is mainly influenced by some major driving forces namely the expansion of textile and building sectors, as well as their extensive use in various industrial fields such as chemicals, pharmaceuticals and paint among others.
Although there are many uses for naphthalene derivatives, they are primarily employed as chemical intermediates in the construction, rubber, agrochemical, textile, pharmaceutical, and photographic industries. The textile industry uses derivatives of naphthalene for the dyeing process. Naphthalene derivatives are helpful substances in the agricultural industry due to their insecticidal qualities. They also serve as plasticizers or dispensers in the production of high-quality plasterboards and concrete
Additionally, increased research & development and expansion by firms are also leading to market growth, for instance, with production facilities spread across East, South, and North China, Baowu Carbon Material Technology Co., Ltd., a subsidiary of Baowu Steel Group, is dedicated to advancing the developing coal-based materials industry. There are 340 kilotons of carbon black, 350 kilotons of modified coal tar pitch, 100 kilotons of the ultra-high-power electrode (which is currently being built) that can be produced annually from 1,650 kilotons of coke tar and 350 kilotons of crude benzene that can be processed.
The naphthalene derivatives market, by form, is divided into two types- Liquid and powder. The majority of naphthalene derivatives on the market are in powdered form. Powdered naphthalene derivatives are simpler to package, arrange, and ship than their liquid counterparts. This is a major driver of the global market’s demand for powdered naphthalene derivatives.
The naphthalene derivatives market, by source, is divided into three types- Coal-tar, petroleum-based, and others. This source’s established supply chains and affordability have allowed it to maintain a substantial market share. Particularly in areas with developed steel industries, naphthalene derived from coal tar is widely used in conventional applications like the manufacture of phthalic anhydride and concrete admixtures.
Further, naphthalene derived from petroleum is, nevertheless, becoming more popular, particularly in markets where high purity standards are important. Higher purity levels can be obtained during the refining processes used to produce naphthalene from petroleum sources, which makes it appropriate for specific uses in advanced chemical manufacturing, electronics, and pharmaceuticals. The growing need for premium naphthalene derivatives and improvements in refining technologies are driving this market’s expansion.
The naphthalene derivatives market, by product, is divided into six types- Sulphonated Naphthalene Formaldehyde (SNF), Phthalic anhydride, naphthalene sulphonic acid, naphthols, alkyl naphthalene sulphonate salts, and others. Since phthalic anhydride is so widely used in the production of plasticizers, dyes, and resins, refined naphthalene commands a significant share of the market. Because of its high purity and reliable quality, it is the best choice for applications with strict requirements. Even though it is a smaller market, alkyl naphthalene is becoming more and more well-known because of its improved qualities, which include higher solubility and stability. These qualities make it useful in specialized applications like surfactants, lubricants, and sophisticated chemical formulations. As industries look for specialized compounds for high-performance products, the market share of this form is increasing.
The naphthalene derivatives market, by end-user, is divided into even types- Paints and coatings, construction, textile, pulp and paper, oil and gas, pharmaceutical, and others. Naphthalene derivatives are becoming more and more used in the construction industry, which offers important market trends and opportunities. These materials, which are frequently derived from coal tar or petroleum, are dispersants and superplasticizers in concrete admixtures. One important trend driving their use is the growing demand for high-performance concrete with better workability, strength, and durability qualities. Naphthalene-based additives exhibit superior slump retention and water reduction properties, rendering them ideal for challenging construction projects requiring precise concrete placement and performance.
During the projected timeframe, it is anticipated that the market for naphthalene derivatives will experience remarkable growth within Asia Pacific owing to its growing economy and booming building and textile industries plus accommodating a burgeoning population. Increased consumption of naphthalene derivatives in manufacturing plants is being driven by their adoption in various sectors such as those producing paints and coatings, chemicals, or pharmaceuticals among others.
The region has a highly knowledgeable integrator base of memristor components because it is home to major players in the market. The demand for naphthalene derivatives in the nation is increasing due to the growing prevalence of automation, IoT, edge computing, flexible electronics, artificial intelligence, and neuromorphic computing. Furthermore, the naphthalene derivatives market is expanding faster thanks to the expanding electronic industry. The nation has a sizable consumer base for the naphthalene derivatives market thanks to its high level of disposable income.
The research includes several key players from the naphthalene derivatives market, such as Jfe Chemical Corporation, Kao Corporation, King Industries, Inc., Manish Minerals & Chemicals, Monument Chemical Inc., PCC SE, Trisha Speciality Chemical Pvt. Ltd., Akzo Nobel NV, BASF SE, Clariant A
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/naphthalene-derivatives-market
The analytics report categorizes the naphthalene derivatives market using the following criteria:
Segmentation:
Top 10 Applications of AC/DC Converters in Modern Electronics
Thought ArticlesA huge range of sectors and structures includes AC-DC converters, which might be vital for the functioning of electronic devices, home appliances, motors, power distribution networks, and renewable energy structures. Basically, they serve the purpose of changing AC voltage into DC one, permitting the operation of DC gadgets and charging batteries.
AC-DC converters are integral to the clean and dependable operation of power electronics systems in various fields and packages. They offer strength to DC loads or batteries, which means that they produce a regular output voltage and enable green electricity transfer. Therefore, they may be essential components of several industries and structures inside the electronics zone.
Top 10 Applications
Let’s discuss each one in detail.
1. Power Supply for Consumer Electronics
To be certain that gadgets function effectively and securely, this procedure involves converting high-voltage AC into the correct DC voltage via adaptation units or internal circuitry. Consumer electronics depend notably on AC/DC converters for the transformation of high-voltage AC, normally supplied from wall outlets to the low-voltage DC required for charging batteries and powering up devices.
In this situation, smartphones, laptops, pills, smartwatches, and other character electronic devices use strong power conversion for battery life enhancement, warmth cooling, and voltage maintenance, which might be critical for the powerful operation of delicate electronic circuitry.
2. Electric Vehicles
Electric cars require AC/DC converters to change the electric power from charging stations from AC to DC for battery charging to use them. They are also used to change DC back to AC for electric motors. This thus serves a double purpose, ensuring effective energy conversion that aids propulsion and charging in electric vehicles.
The development and acceptance of EV technology are determined by how efficiently AC-DC converters can be because they impact how fast batteries charge up or use power from them, how much fuel is used per mile driven in electric cars, in addition to onboard chargers, power inverters, and battery management systems. This has also increased the adoption of electric vehicles and has led to increased sales. For instance, it is anticipated that sales of electric vehicles in the US will increase by 20% in 2024 over 2023, or nearly half a million more vehicles sold. Furthermore, sales of electric cars in China are expected to increase by nearly 25% from the previous year to around 10 million in 2024 due to the country’s fierce competition and reasonably priced vehicles.
Electric Car Sales, by Region, in Millions, 2023
Source: International Energy Agency
3. Renewable Energy System
Renewable property usually generates variable AC energy that is normally transformed to constant DC for garage or reversible to grid-like AC once more. Key to the shift in AC/DC converters is their ability to accommodate increasing numbers of renewable resources in power grids, leading to enhanced reliability and stability for electricity systems. For example, during April 2023, CG Drives & Automation launched its modular Switch Mode Power Supply converter (intent) for hydrogen production and fuel cell utilization with very low grid harmonics, along with high adaptability. Emotron Modular Converters were made to meet the strictest Total Harmonic Distortion (THD) rules as well as be efficient and adaptable to suit the dynamic needs of your hydrogen production and storage system.
Moreover, renewable structures could generate more electricity, store it better, and assist grid sustainability if they could convert AC to DC with the same performance, because it happens in them by means of letting them use easy power assets.
4. Data Centers
Data centers rely on AC/DC converters to feed a constant DC power supply to essentials like Uninterruptible Power Supplies (UPS), server power supplies, coolants, and other critical infrastructure. Thus, whenever there is a power outage or power surge, it is up to these power supplies to ensure that data processing and storage systems receive constant and reliable power.
Maintaining a constant energy delivery is the main aim for information facilities, and AC/DC converters assist in achieving this aim, thereby preventing information loss, enhancing operational efficiency, and helping ensure high availability. Further, the spread of internet use and the use of cloud computing have increased, which is increasing the demand. For instance, in keeping with the information from the International Telecommunications Union, the number of net users increased to 5.1 billion in 2022, which expanded to 5.4 billion in 2023.
Figure 2: Number of Internet Users, Global, in Billions, 2022 to 2023
Source: International Telecommunication Union
5. Telecommunications Infrastructure
Telecommunications equipment requires DC power that is always available from AC/DC converters for it to remain operational. Base Stations, routers, switches, and other network equipment’s distributed elements and core network infrastructure make reliable data transmissions and connectivity possible.
Moreover, reliable AC/DC conversion ensures that telecommunication networks are continuously functional, enabling essential services such as data transfer, voice communication, and internet connection.
6. Industrial Automation
For various industry applications, automation components, including robotics, conveyor systems, manufacturing machinery, and process control systems, could depend on electrification from AC/DC converters. These converters convert the mains electricity supply into voltages used in sensors, motors, or even control systems of other machines.
This alteration ensures accurate control, activeness, and trustworthiness of digital measures. Whereas other systems help in drawing the line between performance and cost, business automation systems have higher energy conversions and AC/DC power supplies that are perfectly effective, thus increasing field productivity. MORNSUN, for instance, has been able to develop a variety of products under its multiple-output series, as it continues to increase its assortment of load-bearing multi-output devices such as the LOxx-CBxx series of open-frame single-output AC/DC converters that are cost-effective with high power densities within the LOxx-10Bxx range..
7. Healthcare Devices
Medical devices need a stable and precise DC power supply to function properly. This crucial power is delivered by AC/DC converters, which ensure that highly important medical tools like patient monitors, diagnostic machines, life-support systems, and medicative imaging devices are secure, reliable, and safe. Steady power transformation in medical gadgets promotes improved health results, which in turn improves patient safety, precise diagnosis, and the effectiveness of healthcare dispensation.
8. Home Appliances
Modern appliances in the home, such as refrigerators, washing machines, and microwaves, among others, use AC/DC converters that help to power electronic control systems and variable speed motors. As a result, they are able to run devices more smoothly and have more control over them, yet less electricity is used. Furthermore, all this technology helps in enhancing the working of home appliances and hence promoting energy saving. It should be noted that in modern lighting systems, the reliable and effective functioning of any connected lighting systems depends largely on AC/DC converters.
9. Lighting System
The consistent and efficient operation of various lighting technologies depends significantly on AC/DC converters in today’s lighting systems. They make it possible for more advanced lighting system operations by changing mains power alternating current (AC) into direct current (DC). This move boosts performance, cuts energy use, and enables the use of intelligent systems.
Further, the lighting system functions on electricity in a form that does not change direction, and it is thorough in the way it works. The use of LED lights requires a transformer to convert alternating supply from the mains into direct current with a specific voltage range, which is required by LEDs. This makes LED lamps operate as energy-saving lamps that generate less heat compared to other types of bulbs, thereby consuming a minimal amount of electricity.
10. Audio & Video Equipment
A steady and efficient power supply is needed for audio and video equipment to operate. These require AC/DC converters – they convert the mains power from AC to DC so it can be used by several electronic devices, such as radios or televisions. In these gadgets, signal amplification circuits that are part of an amplifier are supplied by an almost constant DC voltage from the AC/DC converter, which ensures high-fidelity sound reproduction and prevents any distortion of music played back through the speakers.
Further, AC/DC converters facilitate several parts, like media players, subwoofers, and receivers, to receive DC power and work in harmony. Apart from the supporting features of surround sound processing and video upscaling, they help minimize electrical interference. Moreover, televisions’ mains AC becomes different DC voltages needed for different chips like the CPU, sound, and display by AC/DC converters in TV sets. This conversion allows the screen’s backlight and video processors to function accurately, hence improving color fidelity as well as image sharpness.
Find some of our related studies: