Introduction
The process of learning is evolving with advancements in technology. The education technology industry, or for short Ed-Tech, specifically deals with hardware and software to enhance the teaching and learning experience. Ed-tech. industry includes not just virtual learning platforms but also online learning apps, curriculum management software, e-textbooks, and communications and administrative platforms. The industry is not just restricted to online learning or distant learning or for that matter remote learning but also includes in-class learning. However, online learning has become a major part of the Industry due to the pandemic. key drivers for the industry include increasing connectivity and accessibility of the internet, advancing technology, rising investment in the Ed-Tech, government support and new education policies, growing literacy rate, and sustainable development goal for quality education. Further, the introduction of AI has widened the competitive landscape. The spiraling up of artificial intelligence (AI), software, and hardware industry is expected to advance research and development to make learning more efficient and effective.
Evolution of Ed. Tech
Ed. Tech companies have been existed for over more than two decades. However, they have gained prevalence only in the past three years. The plummeting cost of the internet and smart device has significantly contributed to the industry.
Over centuries the leading process has been evolving by using various techniques. People use to learn poems, plays, and songs. Back then the focus on memorization was considered important due to the lack of manuscripts and availability of paper. It was only in the 15th century that the printing press made the written material made available more easily. From then on, the availability of literature and textbooks started publishing and the number of books printed increased. The literacy rate increased in Europe as the region had a high number of printing presses. Apart from this easy access to raw material was also an advantage for the region as most countries imported paper and other raw materials from their respective colonies. In the 18th century tools like blackboard and chalk became extremely popular and are used to this date. Moreover, the use of tools like Hieroglyphics, Quill pen and pencil, and abacus amongst others were used to improve the learning process. However, during World war II, the United States Army adopted film projectors. this marked as an entry of technology for study and training. Further, with the development of high-tech projectors, PowerPoint presentations were delivered for training purposes as well as for schools. With this came the era of the Ed-Tech. The use of audio-visual modules for better learning was a turning point. Further, smart evaluating tests made it easier for the teacher and interactive learning for the students. Apart from in-class technology, with the increasing use of computers, laptops, and the internet; the scope of Ed-Tech widened to online platforms as well. Massive online courses (MOOC), online degree courses with collaboration with top universities became popular phenomena. Companies like EdX, Khan Academy, Coursera, Udemy amongst others became extremely popular. Moreover, with the onset of a pandemic, when most of the countries had to impose shutdowns on schools and offices to prevent the further spread of the virus, the Ed-Tech companies played an important role to provide quality education during such time.
What is Causing the Growth in the Ed-Tech Industry?
- Increasing Accessibility of The Internet
In 2000, only 6.73% of the world population had internet. This was only 49.91% in 2018 which has increased to reach 56.73% in 2019, as per the World Bank data. International Telecommunication Union (ITU) estimates a 17% increase in the usage of the internet since 2019. According to ITU’s estimates, approximately 63% of the world population is expected to be using the internet in 2021. Which is around 4.9 billion people. The organization also stated, 65.7% of the households have internet access at home. For developed natation the numbers are high, it accounted to 87.8% of the households having internet access. On the other hand, only 22% of the households have access to the internet in the least developed countries. In developing countries, however, the stats are good, with 57.8% of the households having access.
source: ITU
source: ITU
Further, the availability of 5G has also contributed to the industry. 5G is more capable of air interface, giving the user ultra-low latency. Making it 500% faster than 4G LTE. The 5G mobile data network is available in over more than 60 countries. Further, it is expected to launch in India in the coming year in 2022. 5G is designed to link a vast number of embedded sensors in nearly anything by allowing data speeds, power, and mobility to be scaled down, resulting in incredibly lean and low-cost connection solutions. With the availability of faster and cost-effective internet, the demand for online courses and other Ed-Tech platforms is expected to spiral up.
source: ITU
Further, with easy accessibility of the internet and newer technology coming up the cost of the internet has drastically reduced. Especially, for low-income countries in 2008, the fixed broadband median cost was USD 149.6 and in 2020 it cost USD 21.6. The same downward trend is observed in lower-middle-income countries and upper-middle-income countries, due to the rising completion and cutting-edge technology. On the other hand, the higher-income countries' median fixed broadband cast has increased slightly. Moreover, with the rising Internet of Things (IoT) and clouding services, Real-time, remote data monitoring has become easier.
The pandemic has thrown traditional education into disarray. According to UNICEF, more than 1.5 billion children globally have been affected due to covid-19. According to UN Sustainable Development Goals, Covid-19 has wiped out 20 years of education gains. due to lack of devices, internet, and other infrastructure. While this disruption has increased inequities in access to education, it has also expedited gains in innovation that might help narrow those gaps. Immersive technologies, which digitally replicate the actual environment, have a lot of potential in Ed-Tech, according to experts.
Augmented reality (AR), virtual reality (VR) and Mixed Reality (MR) technologies make learning more enjoyable and engaging. Employability skills, often known as soft skills, such as communication, leadership, and teamwork, are at the top of the program's priority list. according to PwC, individuals who are taught using virtual reality technology are 3.75 times more emotionally linked to the content, four times more attentive, and 275 percent more confident about using the skills they acquire the following training. Virtual reality may also be used to teach individuals more rapidly and cost-effectively.
Companies like zSpace, Neo Bear, Strivr, Osso VR, Mursion, Interplay Learning are some of the key players of VR/AR Ed-Tech. Recently, SAP and JFFLabs have established a new initiative called the Skill Immersion Lab to help students prepare for their future careers using immersive learning technologies. JFFLabs and SAP have also coupled up to test how immersive learning may be implemented in classrooms across the country.
Further, with the advent of Artificial intelligence and Machine learning the industry is expected to flourish. It is used to provide analysis of the performance of the learner also the data collected can be used for predictive analysis. Companies like Duolingo, Coursera, Brainly are using such technology get to offer their courses. Further, this technology helps the educators to reach process efficiency, by focusing more on teaching.
Several Chinese firms are actively working on AI technologies for use in schools and colleges. 17 Zuoye is an online learning platform that employs AI algorithms to provide assignments and grades to students. Liulishuo is an English language learning platform that uses algorithms to give students feedback via a software bot. VIPKid is another English learning platform in China that matches students and teachers based on their desired learning style, using AI algorithms.
- Government Support and New Education Policy
Education is the backbone of any nation’s development. Governments of different countries are adapting to more and more e-learning platforms to improve the level of education. Especially, after the outbreak of covid-19. Were children and teenagers extremely susceptible to coronavirus. Governments are promoting schools to collaborate with Ed-Tech to not compromise on education, even if the student is learning from home. Developed and developing nations saw higher adoption of Ed-Tech as they have infrastructural facilities and government support. However, underdevelopment saw a severe drawback. Developing countries like India have progressively shifted their education policy to include digitalization in the education sector. India is also home to many high valued Ed-Tech companies namely Byju’s, Unacademy, and Upgrade amongst others.
United Kingdom’s Department of Education (DfE) has brought some stringent changes in the education system. DfE also announced an education recovery support package, to ensure the education of children from different backgrounds including children with special education needs and disabilities are not affected by the pandemic. For this, DfE has come up with a digital ans technology strategy. The national cabinet established a set of national principles for school education on April 16, 2020, to guarantee that all children get a high-quality education from kindergarten to grade nine, that students progress through their year levels, and that a successful transition to 2021 is realized. Further, in Brazil, IDB Lab, Lemann Foundation, and Imaginable Futures invested $2.36 million in the Ed-Tech program called impulsion. The program aims to connect public schools, non-profit and Ed-Tech startups to develop digital solutions.
Also, in Uzbekistan, the Ministry of Higher and Secondary-Specialized Education of the Republic of Uzbekistan (MHSSE) has entered into a Public-private partnership (PPP) with Alpha DX by signing a memorandum of understanding (MOU). It is a joint venture (JV) for the US$50 million, where the primary goal is to be developing and operating the Asnaro University of Uzbekistan (AUU), this will be fully integrated with the Alpha DX subsidiaries' a learning platform
- Rising Investment in Ed. Tech
In the past three years, the investment in the Ed Tech industry has significantly increased. Especially with the outbreak of the pandemic. According to World Economic Forum (WEF), over 1.2 billion children are out of classrooms. Further, more than 90% of the world’s schools and most colleges are closed, and teaching is undertaken online. Ed Tech industry apprehended the market growth. Where investors saw a loss in the aviation, hospitality, and manufacturing sectors. With the rising Ed Tech industry, investors grabbed the opportunity to invest in the Ed. Tech. industry.
2021 saw multiple Ed-Tech companies becoming public by offering IPO. For instance, Coursera offered IPO by becoming listed on New York Stock Exchange in March 2021, valuing the company over $7 billion. Zhangmen, a Chinese Ed-Tech firm also became public by offering IPO in June 2021. This valued the company for over $1.8 billion. Duolingo a US-based language learning Ed-Tech, and PowerSchool, a K-12 Ed-Tech, also became public by offering IPO in July 2021. Most recently in October 2021, Udemy raised $400 million by offering IPO.
A special purpose acquisition company helped Nerdy, a platform for live online learning, become a public corporation (SPAC). In September 2021, it completed its business combination with TPG Pace Tech Opportunities, a publicly-traded SPAC. Further, BYJU’s is expected to launch IPO in Mid-2022.
The year 2021 saw some major acquisitions as well.
For instance, BYJU’s acquired 10 companies including Tynker, epic, Aakash Educational Services, Great Learning, Hashlearn, Scholr, Whodat, Gradeup, Toppr, and Geogebra. All the companies have different specializations. Epic is a US-based digital reading platform that was acquired for $500 million. Tynker is a coding platform that was acquired by BYJU’s for $200 million. The company acquired Toppr for $150 million. It also acquired great learning, India’s leading higher education and professional learning platform for $ 600 million, to strengthen the professional and higher education segment. Recently, in December 2021 the company acquired Geogebra, a math learning platform based in Austria. The company also taped in AR Ed-techs by acquiring Whodat. This year in July, a renowned MOOC provider, EdX started by MIT and Harvard University was acquired by 2U. 2U, an online program management company, was acquired for $800 million.
Companies like Apple, Microsoft, and Alphabet Inc. have also shown some great interest in the Ed-Tech industry. Cuemath, Alphabet based online math-course provider, offered free math courses to won users in India. also, Google and Byju’s tied up offering learning solutions to schools. on the other hand, Apple launched Apple Teacher which is a platform program designed to support educators who are using Apple products for teaching and learning. other than this Microsoft acquired tutoring platform TakeLessons in September 2021. Rising investments, partnerships, and M&A have tremendous scope for growth in the Ed-Tech industry.
Where the Ed-Tech Industry is Progressing Towards?
With the increasing adoption of Ed-Tech, especially during the time of pandemic where in-class teaching has become difficult, such industry is proving advantageous for not just proving the good quality of education, but also to providing new scope of efficient teaching and learning experience. Although, for the underdeveloped countries, school closure and lack of good infrastructure, the dropout rates have increased tremendously. To an extent that, 24 million children and youth are at risk of dropping out, according to UNESCO. According to UNESCO research, 100 million children would fall below the minimal reading competency level as a result of school closures. However, hybrid learning systems with Ed-Tech can prove as a solution to this problem. The World Bank is assisting nations in determining how to solve challenges such as cheap connection, device procurement, cloud solutions, and multimodal education delivery.
Further, in developing and developed nations, where connectivity and infrastructure are not an issue, Ed-Tech has thrived tremendously. Countries like China, the USA, and India produce most of the Ed-Tech firms. This not only provides further opportunities of using AI, VR, AR, and MR for further development but also an opportunity to provide better aid to the students with special needs and disabilities.
An Australian Ed-Tech startup, Dystech is developing a dyslexia screening platform. For which the company has raised $290K. By using AI the company plans to perform dyslexia screening. This will help for early diagnostics and further work on managing it. Ed-Tech like this will help overcome various obstacles using various assistive tools and act as an equalizer.
Solar Simulator – The Getaway of Future Energy
Thought ArticlesThe solar simulator market was valued at US$6.597 billion in 2020 and will increase to US$10.887 billion by 2027. Over the forecast period, this market is estimated to increase at a compound yearly growth rate of 7.42%.
Solar simulators are devices that simulate natural sunshine to characterize photonic properties and solve the problem of providing a controllable indoor test facility for solar cell testing under laboratory settings. The solar simulator is made up of light sources, power supplies, and filters that adjust the beam's output to satisfy classification standards. Due to a growing need for green energy, solar simulators are increasingly being used in applications such as home hot water, production space, heating, and cooling, among others.
The numerous advantages of the Solar simulator in both household and industrial applications will be the driving force behind the market's robust growth over the forecasted timeframe.
During the anticipated period, the market would experience strong growth due to the evolving solar industry and demand for green energy in various applications. The growing need for renewable energy sources is one of the primary factors for the worldwide solar simulator industry. Solar simulators are used in the research and development of PV, cosmetics, paints and coatings, UV protection fabrics and textiles, and other products. While solar simulators have been used in testing and measurement environments for many years, OEMs are looking for next-generation solar simulators with advanced light sources and control systems that will provide versatility, high performance, and cost savings to improve product yields and lower operating costs. Solar simulators are used widely in high-volume applications like PV for research and innovation, testing, and manufacturing. Furthermore, rising government activities such as providing subsidies for using green energy, growing solar industry, falling costs of solar systems and energy storage devices, and the development of smart cities powered by green energy in various regions would exacerbate market value.
Solar Simulator's market expansion could be hindered by the high initial cost associated with the solar selector and the conditions required for its testing.
The high cost of raw materials required for Solar Simulator is preventing developing countries from adopting solar simulators, which is projected to slow expansion and pose a challenge to the market. Furthermore, Solar simulators are useful in the development, testing, and grading of solar collectors, but outdoor testing in natural conditions is required. However, the intensity of incident solar radiation, angle of incidence, albedo, direct-to-diffuse ratio, spectral distributions, ambient temperatures, and wind speeds and directions vary so widely and so quickly about the collectors' time constants that the scientific requirement of repeatability is rarely met. As a result, conducting outdoor tests to satisfy precisely defined test circumstances is impossible. Even in specially chosen areas, such as open desert locations, these challenges are significant. In many places where there is intermittent cloud, low solar intensities in the winter, changeable albedo due to uneven snow cover, or nighttime, they become almost prohibitive.
During the projected period, the Xenon Arc Lamps segment is expected to grow rapidly in the Solar Simulator market.
By Light Source, the Solar Simulator market can be segmented into Quartz Tungsten Halogen Lamps (QHT), Metal Halide Arc Lamps (HMI), Light Emitting Diodes (LED), Xenon Arc Lamps, and Others. Among the various light sources, the Xenon Arc Lamps segment is likely to occupy a substantial share. This segment's strong growth can be due to the proven technology, consistent output, and improved spectrum required for illuminating the material under test. In the solar business, xenon arc lights are mostly used to test PV cells and modules. During the forecast period, the market for xenon arc lights is likely to be driven by the rising PV market. Furthermore, it has the closest spectrum match of any artificial source and a wide range of applications in the solar sector, all of which contribute to its market growth.
The emission curve of Xenon arc lamps is reasonably smooth in the UV to visible spectrums, with typical wavelengths emitted between 750 and 1000 nm. They're a popular choice for solar simulation, absorption and fluorescence, and source spectral scanning because of their sun-like emission spectrum and 5800 K color temperature. Because of the arc's tiny size, the light from the lamp may be focused with moderate precision. Smaller xenon arc lights, down to 10 watts, are utilized in optics and precise illumination for microscopes and other devices as a result.
During the predicted period, the Pulse Simulator segment is anticipated to expand rapidly in the Solar Simulator market.
Unlike steady-state solar simulators, pulsed and flashed solar simulators do not have a constant light source across time. The pulsed simulator uses flash tubes and is qualitatively similar to flash photography. Very high intensities of up to several thousand suns are attainable with average durations of a few milliseconds. Pulse simulators have a significant market share as a result of these factors. This equipment is frequently used to prevent excessive heat build-up in the item being tested. The intensity and light spectrum are intrinsically transient due to the lamp's fast heating and cooling, making repeating reliable testing more technically demanding. In flash solar simulators, solid-state light technology such as LEDs alleviates some of these heating and cooling difficulties.
During the forecast period, the research segment is expected to grow fast in the Solar Simulator market. In addition, the testing segment will dominate the market.
Solar simulators are used extensively in high-volume applications like PV for Research and innovation, testing, and manufacturing. Rising PV demand from the utility, residential, and non-residential sectors is expected to propel the solar simulator industry forward. Furthermore, Solar thermal power generation frequently necessitates concentrating solar energy for use as a heat source. Testing the optical design and overall performance is vital to increase the efficiency of these solar thermal systems as one of the primary up-and-coming providers. To imitate natural sunlight in indoor laboratories, solar simulators are frequently utilized. solar simulators for testing the performance of various components of solar thermal power production equipment. Depending on the sort of testing done on solar thermal power systems, the requirements for a solar simulator will alter.
During the forecast period, the Solar Simulator market in the Asia Pacific is predicted to have a dominating share, followed by Europe, North America, and Latin America.
The Solar Simulator market is classified into five regions based on geography: North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The Asia Pacific is expected to lead the market in most significant terms of demand for solar simulators, owing to rising demand for solar power in nations like India, China, and Indonesia, as well as government laws on green energy across the region. Just after Asia-Pacific, Europe and North America had also enacted stringent legislation to control emissions and are concentrating mostly on renewable energy projects and energy-efficient industries; the advancement of commercial and industrial development has resulted in an increase in power demand and government supporting the development and commercialization of solar applications across the major countries, positively impacting the solar simulator market landscape. Due to favorable conditions for energy production using solar applications,
Due to favorable conditions for energy production using solar applications, Latin America has also emerged as a solar powerhouse. The solar simulator and solar power business in the area are reaching new heights owing to the increasing demand, technological developments, and government legislation. Solar projects and investments in renewable energy infrastructure, as well as the replacement of power infrastructure, are expected to drive the solar simulator market in the region.
Covid-19 Insights
The impact of COVID-19 on the solar simulator business has been unfavorable due to industry shutdowns caused by temporary lockdowns imposed by numerous governments to break the virus's cycle. Furthermore, there have been supply chain disruptions and delays in business operations. The stock has been restricted by trade obstacles. However, the solar simulator market is likely to grow in the forecast term due to increased demand from various industry sectors.
Nano Cellulose is Biodegradable and Lightweight
Thought ArticlesThe nano cellulose market size was valued at $304.617 million in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 24.72% over the predictive period to reach $1,429.903 million by 2027. Nanocellulose is a substance with an aspect of 100nm fewer, a pretty high specific area, pore volume with excellent pore inter-connectivity, is lightweight, and has a high biodegradability. The outstanding characteristics of nanocellulose and the increasing adoption of flexible packaging aids are expected to propel the nanocellulose market forward.
Types of Nanocellulose
CNC:- CNCs, known as cellulose nanocrystals, are bio-based nanocrystals made from the acid hydrolysis process, the most prevalent natural polymer. These nanomaterials have piqued the homogeneous rod-like structure, large surface area, good strength, liquid crystalline behaviour, customized surface chemistry, biocompatibility, biodegradability, sustainability, and non-toxic carbohydrate-based origin curiosity.
CNF:- nanofibrillar cellulose (NFC), also known as cellulose nanofibrils (CNF), is a sophisticated biomaterial made mostly from renewable agricultural and forest materials that have shown amazing performance in composites. They've also been used in barrier coatings, food, translucent flexible films, and various other purposes.
BNC:- Bacterial nanocellulose (BNC) is a homopolymer of β-1,4 linked glycose produced on a micro and macro level by Acetobacter utilizing simple culturing procedures. Ultra-pure cellulose with various physio-chemical properties can be achieved depending on the growth environment and fermentation processes used. After production, bacterial cellulose is organized into a nanostructured network of semitransparent glucan polymers, which have mechanical stability but are soft and elastic and have a large capacity to store water and exchange gases.
Uses of Nanocellulose
Packaging
In the expanding commercialization of nanotechnologies, nanocellulose is extremely important. As a result, researchers and industry professionals are examining and testing new manufacturing procedures and applications for NC. Exceptional body armour, super-flexible displays, futuristic filters, bending batteries, ultra-absorbent aerogels, fuel-efficient cars, and biofuel are among the seven great uses of nano cellulose. Nanocellulose serves numerous uses as a food packaging material in the developing food and beverage industry, including Preventing the rotting of food, preventing the passage of oxygen into the food, Polystyrene-based foams are being phased out, Food preservation and Improving food quality because they can transport active ingredients like antioxidants and antimicrobials.
Active Packaging
To control bacterial surface contamination of food products, a new packaging technology called 'active packaging' inserts nanoparticles into polymer sheets. Due to rising customer demand for minimally processed, preservative-free foods, the food industry is paying close attention to the availability of this breakthrough technology. Furthermore, the use of nanoparticles in food packaging reduces food waste by preserving the freshness of packaged foods.
Paper And Paperboard
Because of the higher surface area of Nanocellulose, it functions as a filler and a hardening agent in the paper and paperboard manufacturing business, generating denser and harder paper. It also gives printing papers flat surfaces, which improves the quality of the output. Transparent Nanocellulose paper has drawn a lot of interest in electronics because of its optical, cost-effective, lightweight, recyclable, and biodegradable qualities.
Electronics And Sensor
Because of its intrinsic qualities and recyclability, nanocellulose has emerged as one of the most promising sustainable resources. Nanocellulose is mixed with conducting polymers, carbon materials, metal nanoparticles and oxides, and other types of the nanocomposite, including films, sheets, and aerogels. The underlying process allows nanocellulose composites to be used in electronics device fabrication. This provides functions and printed electronics, power storage and converting devices, and dielectric and microwave absorbing systems. Nanocellulose's ability to offer mechanical support for autonomously flexible and thermally stable electronic devices has been extensively studied. . Nanocellulose has a wide range of uses, including composite reinforcement and rheological enhancers. Nanocellulose has recently been found to offer a lot of potential in flexible printed electronics. Nanocellulose's ability to make self-standing high thermal stability films has been used to create translucent and smooth printed electronics substrates. Inks, diverse processing processes, and the manufacture of flexible electrical devices are all part of the printed electronics sector and substrates. This paper attempts to overview nanocellulose's application and promise in printed electronics.
North America is expected to dominate the market over the forecasted period. The massive projected size is largely attributed to technological advancements in this region.
Enhanced infrastructure investments and commercial construction renovations in North America is anticipated to drive the regional nanocellulose product demand for composite applications. This is primarily due to massive government spending on infrastructure upgrades. Rising industries in the region, such as food and beverage, oil and gas, paints and coatings, and so on, will supplement nanocellulose business growth by 2027. According to the IEA, by 2024, the United States is expected to account for an 85% rise in the global oil export, exporting more oil than Russia and will account for 85 per cent of the rise in global oil production. There is a massive market for nanocellulose in the United States for manufacturing high-strength concretes and building composite materials. Furthermore, as people's health concerns grow in the United States, there is a huge demand for CNF and MFC to develop functional food products.
Soaring pharmaceutical and aerospace demand is bolstering market demand. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is projected to increase to 9,421 in 2040 from 7,628 in 2019 due to increased air cargo. Furthermore, as the existing fleet ages, the US mainliner carrier fleet will grow significantly to 44 aircraft.
Covid-19 Insight
COVID-19 harmed the market. Manufacturing operations were paused due to supply chain disruptions and workforce shortages or as a precautionary measure to prevent the virus from spreading, badly impacting the market. The End-user market was impacted, which altogether led to the decline in the nanocellulose market growth during the forecasted period. According to OEC, Printed Circuit Boards had a total trade value of US$42.3 billion in 2020, which was US$42.5 billion in 2019. Printed Circuit Board shipments fell by -0.53 per cent from $42.5 billion to $42.3 billion during 2019 and 2020. Printed circuit board trade accounts for 0.25 per cent of global trade. The Electronic and Electrical being one of the end-user industries is impacted due to the Covid-19 restriction and shutdown affected the manufacturing and supply chain of the industries hence impacting the market growth for the nanocellulose market.
Postal Automation Market to Grow With Significant Rate
BlogThe global postal automation market was valued at US$3.238 billion in the year 2019 and is estimated to reach up to US$4.900 billion in 2026 to grow at the compound annual growth rate of 6.10%. The postal system is sending and receiving a message in a document form. And automation is rising in many industrial sectors as it reduces time consumption and operational cost. Whereas a postal automation system is an advanced intelligent system that provides a solution in terms to eradicate the limitations of the traditional postal system. These limitations occur due to human errors, insufficient labor, and time consumption. Due to the increase in the use of electronics to carry several tasks, the mailing is carried out electronically in almost all sectors. The automation postal system allows the mails to send and receive in a safe, reliable, and fast manner. This system also provides efficiency for sorting the parcels. The postal automation system includes automatic reading, encoding, decoding, and postal software system.
Growing E-commerce and Digitalization Driving the Growth of the Postal Automation Market
Due to many advantages and satisfactory results of the e-commerce system, in the last few years, the adoption of e-commerce has increased worldwide. Many industries rely on e-commerce for transactions. The rising number of online outlets also considers e-commerce as its growth factor. According to a report by the U.S. Department of Commerce, there is a 15% growth in the e-commerce industry in 2016 which has reached up to the US$395 billion total sales. As the manual logistic procedure require a lot of time, labor, and money, e-commerce is considered a reliable alternative to this traditional logistic industry. As per the report by Wall Street Journal, out of all the products sold by the online sales, one-third of products are returned by consumers; this generates the need for reverse logistics. Similarly, the packaging industry also is projected to drive the postal automation market owing to the rising demand for efficient voluminous parcel packaging and transfer systems.
Increasing the adoption of digitalization is another factor in the market growth of the postal automation market. Due to the positive results of digitalization, many industrial sectors rely more on digitalizing their mailing system. Additionally, to encode the messages and decode the received messages or data, automatic software is used. This software is provided by the postal automation system. The postal automation system increases profitability, improves quality, by reducing fixed costs, and processing time. From the IT industries to even the small-scale industries the rising adoption of digitalization is attributed to boosting the postal automation market during the forecast period.
Reduction in Labor Cost- A Reason to Adopt Postal Automation System in Industries
As the postal automation system is entirely automatic and uses software and hardware, it reduces labor dependence and labor costs. This is the primary advantage of the postal automation system which leads many industries to implement it. The increase in the labor cost is due to some government regulations, rise in attrition rates, downfall in productivity, and lack of employable skills. Due to these factors, the traditional postal system has to suffer which affects the productivity and overall performance of the industry sector. As per the report by Eurostat, in 2018, the Annual growth in labor cost was 2% and 2.7% in the Euro area and European Union respectively. The labor costs were increased in many sectors including, power, energy, logistic, automotive, and manufacturing. With saving from the labor costs, the automated postal system also helps the companies to make the postal process economical, with high productivity, and most importantly, accurate. Owing to these factors the postal automation market is estimated to grow n the upcoming years.
The Extravagant Price Restricts the Growth of the Postal Automation System
Although the automated postal system saves labor costs, the costs of installation of a postal automated system are comparatively high. It requires quite a huge fund to invest initially as it is entirely digitalized with various software and hardware. Moreover, after the installation, the postal automated system requires regular servicing, up-gradation of its software, hardware, and regular maintenance which of course requires a skilled employee. This will also add to the further costs. Therefore, an unaffordable rate of the overall procedure right from the installation to the maintenance can hinder the growth of automated postal systems as small-scaled industries and new market players tend to avoid extra expenditure. This can restrict the market growth of the postal automation market during the forecast period.
North America and Europe to Boost the Market
Due to advancements in technology in the countries like United States, Canada, Germany, etc., the early adoption of the postal automation system was done in North America and European countries. Many of the industries in these countries have now upgraded their postal automated system as these industries have experienced the positive results of the automated postal system in terms of accuracy, and productivity. The demand is expected to grow in upcoming years thereby boosting the market growth during the forecast period. Whereas Asia-Pacific countries like China, India, Japan, South Korea have also adopted the e-commerce trend in past few years. This trend is expected in the implementation of postal automation systems in the industries sector of these countries. Moreover, the presence of key market players also is projected to augment the demand for the postal automated system. Therefore, Asia-Pacific is also propelled to grow rapidly in the postal automation market during the forecast period.
COVID-19 Analysis
Due to the infection of the coronavirus all over the world, many restrictions were imposed on social life such as social distancing, travel, shut down of the businesses, and industries. This surely has affected the productivity and finances of many sectors. However, to overcome the loss and to maintain productivity with fewer laborers, many industries adopted digitalized working alternatives. Additionally, there was a rise in e-commerce industries as the number of online outlets and online shopping was increased. Due to this, the postal automation market was moderately affected during this period.
Advent of Ed-Tech Post COVID-19
White PapersIntroduction
The process of learning is evolving with advancements in technology. The education technology industry, or for short Ed-Tech, specifically deals with hardware and software to enhance the teaching and learning experience. Ed-tech. industry includes not just virtual learning platforms but also online learning apps, curriculum management software, e-textbooks, and communications and administrative platforms. The industry is not just restricted to online learning or distant learning or for that matter remote learning but also includes in-class learning. However, online learning has become a major part of the Industry due to the pandemic. key drivers for the industry include increasing connectivity and accessibility of the internet, advancing technology, rising investment in the Ed-Tech, government support and new education policies, growing literacy rate, and sustainable development goal for quality education. Further, the introduction of AI has widened the competitive landscape. The spiraling up of artificial intelligence (AI), software, and hardware industry is expected to advance research and development to make learning more efficient and effective.
Evolution of Ed. Tech
Ed. Tech companies have been existed for over more than two decades. However, they have gained prevalence only in the past three years. The plummeting cost of the internet and smart device has significantly contributed to the industry.
Over centuries the leading process has been evolving by using various techniques. People use to learn poems, plays, and songs. Back then the focus on memorization was considered important due to the lack of manuscripts and availability of paper. It was only in the 15th century that the printing press made the written material made available more easily. From then on, the availability of literature and textbooks started publishing and the number of books printed increased. The literacy rate increased in Europe as the region had a high number of printing presses. Apart from this easy access to raw material was also an advantage for the region as most countries imported paper and other raw materials from their respective colonies. In the 18th century tools like blackboard and chalk became extremely popular and are used to this date. Moreover, the use of tools like Hieroglyphics, Quill pen and pencil, and abacus amongst others were used to improve the learning process. However, during World war II, the United States Army adopted film projectors. this marked as an entry of technology for study and training. Further, with the development of high-tech projectors, PowerPoint presentations were delivered for training purposes as well as for schools. With this came the era of the Ed-Tech. The use of audio-visual modules for better learning was a turning point. Further, smart evaluating tests made it easier for the teacher and interactive learning for the students. Apart from in-class technology, with the increasing use of computers, laptops, and the internet; the scope of Ed-Tech widened to online platforms as well. Massive online courses (MOOC), online degree courses with collaboration with top universities became popular phenomena. Companies like EdX, Khan Academy, Coursera, Udemy amongst others became extremely popular. Moreover, with the onset of a pandemic, when most of the countries had to impose shutdowns on schools and offices to prevent the further spread of the virus, the Ed-Tech companies played an important role to provide quality education during such time.
What is Causing the Growth in the Ed-Tech Industry?
In 2000, only 6.73% of the world population had internet. This was only 49.91% in 2018 which has increased to reach 56.73% in 2019, as per the World Bank data. International Telecommunication Union (ITU) estimates a 17% increase in the usage of the internet since 2019. According to ITU’s estimates, approximately 63% of the world population is expected to be using the internet in 2021. Which is around 4.9 billion people. The organization also stated, 65.7% of the households have internet access at home. For developed natation the numbers are high, it accounted to 87.8% of the households having internet access. On the other hand, only 22% of the households have access to the internet in the least developed countries. In developing countries, however, the stats are good, with 57.8% of the households having access.
source: ITU
source: ITU
Further, the availability of 5G has also contributed to the industry. 5G is more capable of air interface, giving the user ultra-low latency. Making it 500% faster than 4G LTE. The 5G mobile data network is available in over more than 60 countries. Further, it is expected to launch in India in the coming year in 2022. 5G is designed to link a vast number of embedded sensors in nearly anything by allowing data speeds, power, and mobility to be scaled down, resulting in incredibly lean and low-cost connection solutions. With the availability of faster and cost-effective internet, the demand for online courses and other Ed-Tech platforms is expected to spiral up.
source: ITU
Further, with easy accessibility of the internet and newer technology coming up the cost of the internet has drastically reduced. Especially, for low-income countries in 2008, the fixed broadband median cost was USD 149.6 and in 2020 it cost USD 21.6. The same downward trend is observed in lower-middle-income countries and upper-middle-income countries, due to the rising completion and cutting-edge technology. On the other hand, the higher-income countries' median fixed broadband cast has increased slightly. Moreover, with the rising Internet of Things (IoT) and clouding services, Real-time, remote data monitoring has become easier.
The pandemic has thrown traditional education into disarray. According to UNICEF, more than 1.5 billion children globally have been affected due to covid-19. According to UN Sustainable Development Goals, Covid-19 has wiped out 20 years of education gains. due to lack of devices, internet, and other infrastructure. While this disruption has increased inequities in access to education, it has also expedited gains in innovation that might help narrow those gaps. Immersive technologies, which digitally replicate the actual environment, have a lot of potential in Ed-Tech, according to experts.
Augmented reality (AR), virtual reality (VR) and Mixed Reality (MR) technologies make learning more enjoyable and engaging. Employability skills, often known as soft skills, such as communication, leadership, and teamwork, are at the top of the program's priority list. according to PwC, individuals who are taught using virtual reality technology are 3.75 times more emotionally linked to the content, four times more attentive, and 275 percent more confident about using the skills they acquire the following training. Virtual reality may also be used to teach individuals more rapidly and cost-effectively.
Companies like zSpace, Neo Bear, Strivr, Osso VR, Mursion, Interplay Learning are some of the key players of VR/AR Ed-Tech. Recently, SAP and JFFLabs have established a new initiative called the Skill Immersion Lab to help students prepare for their future careers using immersive learning technologies. JFFLabs and SAP have also coupled up to test how immersive learning may be implemented in classrooms across the country.
Further, with the advent of Artificial intelligence and Machine learning the industry is expected to flourish. It is used to provide analysis of the performance of the learner also the data collected can be used for predictive analysis. Companies like Duolingo, Coursera, Brainly are using such technology get to offer their courses. Further, this technology helps the educators to reach process efficiency, by focusing more on teaching.
Several Chinese firms are actively working on AI technologies for use in schools and colleges. 17 Zuoye is an online learning platform that employs AI algorithms to provide assignments and grades to students. Liulishuo is an English language learning platform that uses algorithms to give students feedback via a software bot. VIPKid is another English learning platform in China that matches students and teachers based on their desired learning style, using AI algorithms.
Education is the backbone of any nation’s development. Governments of different countries are adapting to more and more e-learning platforms to improve the level of education. Especially, after the outbreak of covid-19. Were children and teenagers extremely susceptible to coronavirus. Governments are promoting schools to collaborate with Ed-Tech to not compromise on education, even if the student is learning from home. Developed and developing nations saw higher adoption of Ed-Tech as they have infrastructural facilities and government support. However, underdevelopment saw a severe drawback. Developing countries like India have progressively shifted their education policy to include digitalization in the education sector. India is also home to many high valued Ed-Tech companies namely Byju’s, Unacademy, and Upgrade amongst others.
United Kingdom’s Department of Education (DfE) has brought some stringent changes in the education system. DfE also announced an education recovery support package, to ensure the education of children from different backgrounds including children with special education needs and disabilities are not affected by the pandemic. For this, DfE has come up with a digital ans technology strategy. The national cabinet established a set of national principles for school education on April 16, 2020, to guarantee that all children get a high-quality education from kindergarten to grade nine, that students progress through their year levels, and that a successful transition to 2021 is realized. Further, in Brazil, IDB Lab, Lemann Foundation, and Imaginable Futures invested $2.36 million in the Ed-Tech program called impulsion. The program aims to connect public schools, non-profit and Ed-Tech startups to develop digital solutions.
Also, in Uzbekistan, the Ministry of Higher and Secondary-Specialized Education of the Republic of Uzbekistan (MHSSE) has entered into a Public-private partnership (PPP) with Alpha DX by signing a memorandum of understanding (MOU). It is a joint venture (JV) for the US$50 million, where the primary goal is to be developing and operating the Asnaro University of Uzbekistan (AUU), this will be fully integrated with the Alpha DX subsidiaries' a learning platform
In the past three years, the investment in the Ed Tech industry has significantly increased. Especially with the outbreak of the pandemic. According to World Economic Forum (WEF), over 1.2 billion children are out of classrooms. Further, more than 90% of the world’s schools and most colleges are closed, and teaching is undertaken online. Ed Tech industry apprehended the market growth. Where investors saw a loss in the aviation, hospitality, and manufacturing sectors. With the rising Ed Tech industry, investors grabbed the opportunity to invest in the Ed. Tech. industry.
2021 saw multiple Ed-Tech companies becoming public by offering IPO. For instance, Coursera offered IPO by becoming listed on New York Stock Exchange in March 2021, valuing the company over $7 billion. Zhangmen, a Chinese Ed-Tech firm also became public by offering IPO in June 2021. This valued the company for over $1.8 billion. Duolingo a US-based language learning Ed-Tech, and PowerSchool, a K-12 Ed-Tech, also became public by offering IPO in July 2021. Most recently in October 2021, Udemy raised $400 million by offering IPO.
A special purpose acquisition company helped Nerdy, a platform for live online learning, become a public corporation (SPAC). In September 2021, it completed its business combination with TPG Pace Tech Opportunities, a publicly-traded SPAC. Further, BYJU’s is expected to launch IPO in Mid-2022.
The year 2021 saw some major acquisitions as well.
For instance, BYJU’s acquired 10 companies including Tynker, epic, Aakash Educational Services, Great Learning, Hashlearn, Scholr, Whodat, Gradeup, Toppr, and Geogebra. All the companies have different specializations. Epic is a US-based digital reading platform that was acquired for $500 million. Tynker is a coding platform that was acquired by BYJU’s for $200 million. The company acquired Toppr for $150 million. It also acquired great learning, India’s leading higher education and professional learning platform for $ 600 million, to strengthen the professional and higher education segment. Recently, in December 2021 the company acquired Geogebra, a math learning platform based in Austria. The company also taped in AR Ed-techs by acquiring Whodat. This year in July, a renowned MOOC provider, EdX started by MIT and Harvard University was acquired by 2U. 2U, an online program management company, was acquired for $800 million.
Companies like Apple, Microsoft, and Alphabet Inc. have also shown some great interest in the Ed-Tech industry. Cuemath, Alphabet based online math-course provider, offered free math courses to won users in India. also, Google and Byju’s tied up offering learning solutions to schools. on the other hand, Apple launched Apple Teacher which is a platform program designed to support educators who are using Apple products for teaching and learning. other than this Microsoft acquired tutoring platform TakeLessons in September 2021. Rising investments, partnerships, and M&A have tremendous scope for growth in the Ed-Tech industry.
Where the Ed-Tech Industry is Progressing Towards?
With the increasing adoption of Ed-Tech, especially during the time of pandemic where in-class teaching has become difficult, such industry is proving advantageous for not just proving the good quality of education, but also to providing new scope of efficient teaching and learning experience. Although, for the underdeveloped countries, school closure and lack of good infrastructure, the dropout rates have increased tremendously. To an extent that, 24 million children and youth are at risk of dropping out, according to UNESCO. According to UNESCO research, 100 million children would fall below the minimal reading competency level as a result of school closures. However, hybrid learning systems with Ed-Tech can prove as a solution to this problem. The World Bank is assisting nations in determining how to solve challenges such as cheap connection, device procurement, cloud solutions, and multimodal education delivery.
Further, in developing and developed nations, where connectivity and infrastructure are not an issue, Ed-Tech has thrived tremendously. Countries like China, the USA, and India produce most of the Ed-Tech firms. This not only provides further opportunities of using AI, VR, AR, and MR for further development but also an opportunity to provide better aid to the students with special needs and disabilities.
An Australian Ed-Tech startup, Dystech is developing a dyslexia screening platform. For which the company has raised $290K. By using AI the company plans to perform dyslexia screening. This will help for early diagnostics and further work on managing it. Ed-Tech like this will help overcome various obstacles using various assistive tools and act as an equalizer.
The Potential Metal of the Future Scandium
Thought ArticlesThe scandium market is predicted to grow at a compound annual growth rate (CAGR) of 14.27% to attain a market size of US$299.791 million by the end of 2026. Scandium is a silvery-pure, squishy metallic chemical component that was previously classified as a rare earth source. Scandium iodide is used in film and photographic lamps because it helps to produce light with a similar tone to sunshine. It is also employed in metal-halide lamps, which are increasingly being used instead of mercury-vapor lamps because of their better efficiency. It is relatively stable in air, although it will gradually change color from silvery white to a yellowish look due to surface development. In diluted acids, the metal dissolves rather slowly, except in hydrofluoric acid.
Scandium-oxide, the primary form of refined scandium metal, as well as its various composites and alloys, are produced in tiny quantities at a few locations across the world. The best thing about the scandium oxide is that it is mined and taken from the rarest of earth and uranium compounds, which are then purified. Scandium has high electrical conductivity, is a heat stabilizer, has a creep-resistant description, and is lightweight, all of which contribute to it being a key component in a variety of profitable and industrial areas. The price of scandium oxide is expected to fall as the market expands due to production economies of scale. Aluminum or scandium is predicted to be used in an increasing number of applications as a result of the price decrease, expanding the potential market.
Rising Demand for Alternate Energy Sources Creates Demand for the Scandium Market During the Forecasted Period
Growing use in Solid Oxide Fuel Cells (SOFCs), rising demand in end-user industries such as the aerospace and automobile industry are just a few drivers of the market. The increased demand for clean energy because of environmental concerns about energy generation from conventional sources such as coal and natural gas is expected to fuel demand for SOFCs, which will drive scandium market expansion throughout the forecast period. Growing international trade has demonstrated to the rest of the world that production has relocated away from where products are used. Scandium is also employed in the production of alloys that are used in the manufacture of bicycles and other sporting goods. Many aluminum companies such as Rio Tinto and Rusal, have entered the scandium market owing to its growing demand. In conjunction with Deakin University's Institute for Frontier Materials, Australian Mines Ltd, one of the most potential main participants in the scandium market, will produce next-generation aluminum alloys. The 9-month research, which began on October 12, 2020, will rely on machine learning algorithms and Deakin's alloy development expertise.
Inconsistent Supply and Scarcity of the Raw Materials Restrains the Scandium Market’s Potential Growth
Scandium is a type of rare earth metal. Scandium is found in minerals such as thortveitite, bazzite, and wiikite, as well as a byproduct of uranium refining. The growing demand for scandium in a variety of industries has resulted in a scarcity of metal in the market. There is no reliable source of scandium, resulting in scarcity and inconsistency in supply. This may limit market expansion throughout the projection period, as companies will be forced to choose an alternative if scandium is not available to satisfy rising demand. The high cost and lack of technical know-how would also curtail the market's growth in the long term.
SOFCs are Progressing at a Lightening Rate
The market is predicted to rise due to the accelerated development of SOFCs for large energy savings, as aluminum-scandium alloys have electrical conductivity and thermal stabilization properties. Transportation, industrial equipment, aerospace, and other high-performance applications industries rely heavily on these alloys. SOFCs operate at low temperatures, lowering component costs and extending fuel cell life, making them a cost-effective and competitive source of energy. When compared to traditional yttrium stabilized zirconia solid electrolytes, scandium containing SOFCs have demonstrated superior performance. With rising electricity rates, the need to switch to more environmentally friendly power generating methods is predicted to open the substantial market potential for SOFCs, boosting scandium's importance. This is due to the fact that the use of electrolytes based on scandium has improved cell efficiency, ionic conductivity, and fuel cell operational life. As a result, market growth will be fueled by the rising use and development of SOFCs over the forecast period.
Aerospace Presents Diverse Market Opportunities for the Scandium Industry
Scandium is used in the creation of aluminum-scandium alloy, which is employed in the aerospace sector while producing airplanes. The aerospace industry is expected to have a significant market share. When a trace quantity of scandium, approximately 0.1 to 0.5 percent, is added to aluminum, the strength of the metal increases while the weight is reduced by 15 to 20 percent. As a result, the use of scandium in the aircraft industry is expected to increase over the projection period. Because of the movement toward urbanization, the increasing population, growing disposable income, and changes in people's lifestyles, more airplanes and airports are being developed, particularly in developing countries, which will boost the market growth of scandium throughout the projection period. Furthermore, with the increased building of airports in countries such as China, Qatar, India, and others, the need for airplanes is likely to rise even more in the coming years, driving up the demand for aluminum and, by extension, scandium.
The Asia Pacific Segment of the Market Will Grow at a Skyrocketing Rate While North America Will Dominate the Industry
Due to the existence of numerous end-user industries, the North American area is predicted to be the largest market for worldwide scandium. The US is expected to dominate the market. The United States possesses the world's largest aerospace industry and a huge electronics market. The overall active general aviation fleet is predicted to rise from 212,885 aircraft in 2018 to 211,575 aircraft by 2039, according to the Federal Aviation Administration (FAA). The Asia-Pacific area is expected to grow at a quicker rate compared to other regions owing to the fact that China holds one of the world's largest scandium reserves. China's market share is likely to grow further as a result of several government restrictions restricting trade exports. The region's focus on defense and aerospace investment is projected to play a key role in boosting APAC's market expansion. The production of scandium is dominated by a number of countries, including Ukraine, Kazakhstan, China, and Russia. Furthermore, numerous minor mining businesses in Australia are seeking to develop scandium reserves in New South Wales, indicating that Australia will become a new growth hub.
Coronavirus Pandemic Analysis
The report also provides a study about the impact of the coronavirus on market for scandium and other end-user industries, stating how the lockdown and employment have severely impacted the scandium market along with the impact of a disrupting supply chain on the industry.
Inclining Trend in Calcium Chloride Market
Thought ArticlesCalcium chloride, abbreviated as CaCl2, is a salt formed by the ionic connection between calcium and chlorine. This inorganic chemical comes in the form of beads and is white to off-white. Because calcium chloride is hygroscopic, it is stored in sealed containers and used as a drying agent. Agriculture, paint, rubber, pharmaceuticals, food preservation, transportation, and other sectors use it in a variety of ways.
The global calcium chloride market has grown significantly in recent years, owing to the rising demand for dust management and de-icing applications. The worldwide demand for calcium chloride is increasing as a result of increased demands from the gas and oil sectors, and this trend is expected to continue during the forecast period.
Increasing Market Demand as a de-Icing Agent
The most common application of calcium chloride is as a de-icing agent. For snow and ice control, up to 35 percent, liquid calcium chloride is mixed with rock salt. Calcium chloride lowers the amount of salt used regularly by 40%. It also stays active for extended periods, preventing ice from adhering to the road or pavement. Calcium chloride, unlike sodium chloride, magnesium chloride, potassium chloride, and urea, has the lowest freezing point of all the deicers. As a result, it is an excellent de-icing agent for usage in the winter. The increasing demand for calcium chloride in dust management and de-icing operations is projected to push the global market forward. Intense cold weather and significant snowfall in countries such as the United States, Canada, and Japan are expected to promote market development due to increased product usage in de-icing efforts.
Growing Food Sector Forward to Boost Calcium Chloride Market Share
Calcium chloride is frequently used in the food sector as a firming agent in canned vegetables and fruits, as well as for cheese manufacturing, beer brewing, and meat tenderization. The growing worldwide population, combined with rising consumer income levels, is propelling the food sector forward, boosting calcium chloride sales.
Mining Applications Add to the Increased Utilization of Calcium Chloride
Calcium chloride's deliquescent nature absorbs moisture from the air and forms a thin liquid coating on each dust particle, adding density to the highway. As a result, calcium chloride plays an important role as a haul road maintenance material in mining applications.
Increasing Infrastructural Development to Contribute to Market Size
Calcium chloride is used in concrete mixes to aid in the early setting of the concrete during construction. As a result, the worldwide calcium chloride market is developing in tandem with the rising desire for a luxury lifestyle. In the forecast period, the global market for calcium chloride is expected to rise due to increasing infrastructure development and higher government spending on flyovers and highways. The gas and oil industry is expected to expand dramatically, particularly in North America and the Asia Pacific, owing to the increasing demand for calcium chloride in different applications such as completion fluids and drilling fluids.
In the concrete industry, calcium chloride is an excellent accelerator. In cold conditions, the hydration process of concrete slows considerably, necessitating the use of an accelerator to achieve high initial strength. Calcium chloride aids in achieving the required strength of concrete by speeding up the hydration process.
Usage in Drinking Water Segment to Facilitate Increasing Adoption
Calcium chloride is electrolytic, meaning it releases calcium ions in the presence of water. This technique raises the mineral content (calcium ion) in water and offers a regulated source of calcium, affecting the flavor of drinking water directly. Furthermore, the addition of calcium chloride to the pool lowers the erosion of concrete in the pool due to the common ion effect and improves the pool's water hardness.
To keep up with the rising demand, the attention has turned to undiscovered oil and gas reservoirs due to the depletion of traditional gas resources and the maturation of current hydrocarbon resources. This is increasing calcium chloride usage, which is an important raw ingredient in drilling fluids.
CarbonFree, a global carbon capture company with patented technologies that capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals, has signed a memorandum of understanding in May 2021 with TETRA Technologies, Inc., a global leader in the production and chemistry for many commercial applications of calcium chloride. The companies aim to collaborate on SkyCycle's commercialization by using each other's technological knowledge, chemical know-how, production, and supply chain networks.
Disadvantages Associated With Excessive Intake and the Possibility of Harming the Environment to Hamper the Market Growth
Excessive calcium chloride consumption, on the other hand, might result in significant side effects such as kidney stones, irregular heartbeats, muscular spasms, and joint aches, which is likely to be a major stumbling block to market expansion in the future years. Furthermore, due to the deposition of high chloride levels and heavy metal pollution, it is not regarded as a safe ice melt for the environment, and it is likely to restrict the worldwide market growth in the coming years.
North America to Dominate the Market and Europe to Witness Significant Growth
Because of the expansion in the oil and gas and construction sectors, as well as an increase in demand for calcium chloride in de-icing and dust control applications, North America is expected to occupy a significant share of the worldwide market during the projected period. This is driving up demand for calcium chloride in the form of flakes, prills, pellets, and liquid grade calcium chloride for use as de-icing agents, concrete accelerators, and other applications. During the forecast period, Europe is expected to be the fastest-growing area of the global calcium chloride market, followed by North America. This can be attributed to climate changes, which have increased snowfall, particularly during the winter season. Snow and ice are melted largely with calcium chloride. Due to the presence of a significant number of firms working in construction, oil & gas, and dust control applications in the area, Asia Pacific is another region with strong demand for calcium chloride.
Surging Demand Trend in Smart Grid Market
Thought ArticlesA smart grid is an electronic network that uses a two-way digital communication system to deliver power. During the transmission and distribution process, it allows for the collection of data on energy demand and supply in real-time. Smart grid primarily use smart sensors and power meters to automate billing data collecting and identify equipment faults, as well as superconducting cables for long-distance power transfer via wireless communication technologies. These networks are designed to self-repair, provide a reliable power supply with no leaks, and encourage customer participation in grid operations, all of which help to improve overall efficiency and lower energy costs.
Rising Global Energy Consumption to Drive the Smart Grid Market
One of the main reasons driving market expansion is rising global energy consumption, which is fueled by increasing urbanization and the emerging trend of digitization. In developing countries, smart grid are being used to upgrade current grid infrastructure and implement the software-based architecture. In addition, the expansion of dispersed energy sources including photovoltaic (PV), geothermal, and hydroelectric power is boosting the market growth. Through microgrids and other linked devices, these sources enable on-site generation and storage of power.
Utilities 2.0 Twaake, the pilot project in Uganda established in June 2021, brings together distributed renewable energy firms to deliver clean electricity to everybody through an integrated energy approach. The Utilities 2.0 Twaake pilot project, led by Uganda's major power company Umeme, supervised by Power for All, and sponsored by The Rockefeller Foundation, takes an integrated energy strategy. It is meant to reduce costs by at least half by utilizing integrated energy. Solar home systems, mini-grids, grid, and smart grid systems are all part of this system, which blends centralized and distributed technologies.
Increasing R&D and Favorable Government Initiative to Provide Opportunities in the Market
Furthermore, the integration of smart grid with cloud technology has made it easier to analyze current energy consumption and monitor patterns to solve environmental and energy conservation problems. Other factors, including favorable government regulations, the growth of smart cities throughout the world, and an increase in research and development (R&D) activities, are expected to fuel the market even more.
The Ohio Public Utility Commission in June 2021 issued an order approving AES Ohio's as-filed stipulation with a virtually unanimous vote. The decision authorizes AES Ohio to go forward with its plans to invest $249 million in capital projects over the next four years, offering immediate consumer benefits through a modern, resilient, and efficient electric system. This is the first stage in AES Ohio's digital transformation, which aims to improve dependability and provide customized, creative, and seamless energy services to its consumers. The ruling authorizes the implementation of Phase 1 of the AES Ohio Smart Grid Plan, with a deadline of three years to file Phase 2.
Favorable Functional Benefits Provide by Smart Grid to Increase Adoption and Demand
The expansion of the smart grid business is fueled by a growing reliance on electronic gadgets and a continual need for power in both the residential and commercial sectors. Because it provides power to customers when they need it and meets their needs. Households, factories, towns, and businesses require a dependable and efficient power supply that can minimize the frequency and length of power outages or eliminate them. As a result, the smart grid industry offers technologies that enhance problem detection and allow network self-healing.
Furthermore, the smart grid provides real-time support to energy management systems by constantly detecting problems, thus increasing the distribution system's situational awareness. Additionally, the smart grid will make use of sensors and other technology, which is expected to reduce the amount of power consumed while the system is not in use. For example, sensors will recognize inhabited spaces and will only enable fans to cool that specific area.
Rising Infrastructure Investments by the Government to Augment Market Growth
Smart grid technology is increasingly being viewed as a strategic infrastructure investment by governments in both emerging and developing countries that will help them accomplish their long-term economic development and carbon emission reduction goals. As a result, firms participating in the smart grid network industry are likely to have plenty of opportunities in the near future.
The EU only compels member nations to switch to digital meters if it would save them money. As a result, Germany's deployment has chosen a different route, with research indicating that smart meters would cost the country more than they would benefit it. By 2040, the EU estimates that 77 percent of customers in its member countries would have a smart meter. Six nations have already completed their deployments. Italy has begun preparing a second deployment to replace 30 million first-generation devices that are nearing the end of their useful lives. These devices would be among the first of the second generation, with improved access and more regular data updates.
However, the lack of access to energy in impoverished countries throughout the world, as well as weak government regulations and attempts to expand and upgrade grid infrastructure, are likely to constrain market growth.
North America Is Predicted to Dominate the Smart Grid Market
North America is expected to have the highest market share and dominate the industry. This is because of major advancements in technology advancements like as smart grid distribution management, distribution automation, and enhanced metering infrastructure. The smart grid market in the area is being driven by increased investment in smart grid and smart city initiatives, as well as a growing need for improved smart grid mechanisms. In addition, the government has legislated numerous measures, including the rise of electric cars, which is propelling the smart grid industry forward. Due to the adoption of renewable energy in the regions, particularly in distant and rural populations, Asia Pacific is expected to expand at the fastest rate throughout the predicted period.
Global Sinus Dilation Device Market: A Step Towards Minimally Invasive Surgical Procedures
Thought ArticlesThe Global Sinus Dilation Device Market is estimated to reach a market size of US$3.743 billion by the end of 2026. The market was worth US$2.385 billion in 2019 and is anticipated to grow at a CAGR of 6.65%.
Sinusitis is a prevalent medical condition in which cavities surrounding the nasal passage get inflamed. Symptoms of Sinusitis include nasal blockage, tenderness, sore throat, face swelling, and fatigue among others. To treat Sinusitis, Sinus Dilation devices are extensively employed as they aid in the treatment process. Different types of sinus dilation devices are employed including Balloon Sinuplasty devices, endoscopes, sinus stents, etc. They aid in expanding sinus openings of patients during surgical procedures, thereby helping in treating problems associated with nasal sinuses. Balloon Sinuplasty is a type of endoscopic nasal surgery that facilitates the use of small balloon-type cathedrals to drain long nasal sinuses. The procedure adopted from angioplasty and is extensively used in treating sinus information or blockages in the nose. Moreover, endoscopes are alternatively used in the treatment of sinusitis. An endoscope is a thin flexible tube with a light and a camera attached to it. An ENT extensively uses an endoscope in his everyday regimens. Similarly, Sinus stents are used in the treatment of sinusitis.
The market for sinus dilation devices is estimated to grow at a notable rate during the forecasted period. Shifting consumer market trends towards minimally invasive surgical procedures is driving demand in the market. The changing consumer preferences can be associated with the patient-friendly nature of the operative procedures. Moreover, a rising number of people suffering chronic sinusitis is driving demand for minimally invasive procedures, thereby augmenting growth opportunities in the global sinus dilation devices market. Moreover, supportive government regulations and increasing investment in the healthcare industry are anticipated to further boost demand in the market. For instance, according to Clinical trials, NIH reports, clinical evaluation of simulation dilation devices had been conducted to confirm its efficacy and safety in paranasal sinuses. However, risks associated with nasal surgeries are hindering growth on the market. For instance, risks associated with procedures include bleeding, postoperative infections, and others. Moreover, the lack of skilled ENT surgeons along with the limited adoption of sinus dilation devices in emerging countries is restraining growth in the market.
Prominent market players in the Global SInus dilation devices market include Bausch Health Companies, Dalent LLC., Intersect ENT Inc, Johnson &Johnson, KARL STORZ SE & Co. KG, Medtronic Plc., stryker corp and TE connectivity ltd among others.
Moreover, growing market development initiatives such as mergers and acquisitions and product launches by these prominent entities have augmented growth in the market. For instance, Johson &Johnson through its subsidiary announced the launch of its novel 3D navigation system that helps in the transformation of ENT procedures.
The inclining trajectory in the Balloon and Sinus dilation device and hospital end-user segment is projected to significantly contribute to the growth of the Global sinus dilation device market.
Balloon Sinus dilation device is one of the most used sinus dilation devices worldwide. The device is employed extensively across operative surgeries. The high demand for the product can be associated with numerous benefits offered by the product solution including low risk of bleeding, faster recovery time, and no intended damage or required removal of tissues.
Whereas, the Hospital end-user segment is the largest user of sinus dilation devices. The increased application in the hospital segment can be associated with the ability to afford advanced technological offerings. Moreover, a growing number of hospitals equipped with novel innovative technological solutions is further burgeoning the adoption of sinus dilation devices in the end-user segment. Furthermore, increasing investment in both private and public hospital infrastructure is further surging demand in the sinus dilation device market.
Regional Trends in the Global Sinus Dilation Devices Market
The Global Sinus Dilation device market is fragmented by varied application segments across different businesses including Hospitals, Clinics, Medical stores, and other allied medical research institutions. Eminent market players have adopted various business strategies to sustain, grow and develop in the global sinus dilation devices market owing to the growing need for minimally invasive strategies and increasing cases of patients suffering from chronic sinusitis. Furthermore, companies have adopted numerous collaborative strategies such as partnerships, acquisitions, mergers. Moreover, companies have undertaken various innovative technological advancements, thereby aiding in delivering unique solutions and attracting more players into the market. Furthermore, collaborative agreements and technological advancements by conglomerates and other allied businesses in the North American region have resulted in significant development of the market on the whole. The North American region is estimated to dominate the market share over the forecasted period. The growth in the region can be attributed to a large population suffering from chronic sinus. Additionally, rising investments in the healthcare industry and increasing adoption of novel technological solutions are estimated to further boost demand for these devices in the region. Moreover, favorable reimbursement policies are further augmenting the adoption of sinus dilation devices in the region. For instance, Stryker announced the acquisition of a California-based company, Arrinex for the expansion of the Stryker ENT Unit portfolio.
However, the Asia Pacific region is anticipated to grow at a significant rate over the forecasted period. Developed economies like Japan are witnessing promising growth opportunities for sinus dilation devices. The favorable climate in the country is the integral reason driving demand in the country. Moreover, growing consciousness over minimally invasive surgical procedures in treatment is an integral reason for fuelling demand in the market. Furthermore, the market is expected to offer lucrative growth opportunities owing to increasing investments in the healthcare industry and enhancements in healthcare facilities.
COVID-19 Insights
The COVID-19 outbreak negatively impacted the global sinus dilation devices market. The pandemic induced lockdown and movement restrictions led to supply chain and production disruptions worldwide. Moreover, similarly to medical devices and drugs, sinus dilation devices also need to go through stringent testing which requires them to rely on healthcare institutions for their trials and data collection. Owing to the pandemic, the conduct of such trials was placed on hold as priority was given to other imminent testing programs, thereby impacting the demand for the development of innovative sinus dilation devices. However, post-COVID, the market is expected to revive and provide lucrative growth opportunities over the forecasted period.
Apiculture Market – Managing the Bees
BlogApiculture is defined as the management of the bees to extract honey and beeswax from their beehives by using commercial and scientific techniques. Bee colonies are maintained by the cultivators to obtain honey and honey-based products such as royal jelly, honeydew, propolis, and beeswax. Apiary are place where the beehives are kept and managed for the production of honey, propolis, and wax. Beekeeping was initiated in North America and expanded to Europe further the rising awareness regarding the health benefits of honey is making a popular and healthier choice among the consumers which is expected to augment the apiculture market growth during the forecasted period. For instance, Honey is being increasingly adopted as an alternative to the artificial sweeteners. Apiculture rearing are cost-effective and low maintenance which is increasing the demand for honey and its by-products globally especially in the developing regions.
The report of the Apiculture market is segmented on the basis of product type, application and methods.
Product type is segmented as Honey, Beeswax, Propolis, Live Bees and Others.
Application of the apiculture market is segmented as Food & Beverages, Medical, Cosmetics and Others.
While, the method of the apiculture market is segmented as Traditional Beekeeping and Modern Beekeeping
Some of the players of the Apiculture Market are The Best Bees Company, Mann Lake, Ltd. (Kelley Beekeeping), Dadant & Sons, Inc., Betterbee, Dabur India Limited, Seldom Fools Apiculture, Alveole, Miller Honey Farms, Tiwana Bee Farm, Golden Bees Ltd
The Apiculture market is evaluated at US$8.943 billion for the year 2019 and is projected to grow at a CAGR of 3.02%, reaching a market size of US$ 11.015 billion by the year 2026
Rise in Awareness and Government Initiatives Boosting the Market Growth
Bees are considered to be the world’s most important pollinators, fertilizing 80% of the flowering plants and a third of the food we eat. According to the University of Reading, bees and other pollinating insects have a global economic value of $150 Billion and contribute around $850 million to UK economy every year. In addition, the rising awareness of the benefits associated by the consumption of honey is driving the market demand of the apiculture. According to the National Institutes of Health, honey is rich in antioxidants and have the ability to lower blood pressure, stroke, heart attack and another cardiovascular disease in customers and it states that honey has the ability to reduce LDL cholesterol which is considered bad and to increase HDL cholesterol which is considered good for the body, reducing the risk of heart diseases. The consumers are increasingly getting aware of the health benefits of honey which is expected to lead to surge in the apiculture market during the forecasted period. According to the FAO honey is a quick and convenient source of energy and does not require a complicated digestive process.
The increase in the demand of the apiculture market is also attracting the support of the government across the globe. For instance, The General Assembly to escalate the number of hives approved $125,000 for the Beehive Distribution Program. US provides the grant of $5,000 to $10,000 to the Farmers Market Promotion Program to start an apiary. The support and incentives provided by the government is expected to have a positive impact on the market growth of the apiculture and is projected to propel the market growth during the forecasted period.
Asia Pacific to Hold the Major Share
The apiculture market by region is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and America. Asia Pacific region is expected to hold the major share of the apiculture market primarily due to the rising awareness of the benefits of honey in the region. The high demand is majorly from countries such as India and China. Lack of honey production in the developing nation is leading to increased dependency on Asian countries for honey imports. China is the leading producer of honey globally which is further propelling the market growth of apiculture in the region. According to FAO, China dominated the global production of honey with a 29% share followed by European Union with 12%. Further, the increasing initiatives by the government for installation of commercial honey farms is expected to boost the Asia-Pacific apiculture market.
COVID-19 Impact
The outbreak of the Covid-19 pandemic and its subsequent lockdown globally and restrictions mandated by the government affected every industry and disrupted the distribution channel. The coronavirus pandemic had a negative impact on the apiculture market initially as with stay-at-home restrictions the apiculture was not possible to be managed from home. Thus, industries like apiculture were hugely negatively impacted. USA’s Beehive Distribution Program was deferred due to budget uncertainties produced by the pandemic. But it is expected that as the lockdown has been lifted and economic conditions have come to normal, the apiculture market will come to its regular pace and is anticipated to grow further during the forecasted period.
Shifting Nutritional Trends Augmenting Bioactive Ingredients Market
Thought ArticlesThe Global Bioactive Ingredients Market is estimated to reach a market size of US$50.866 billion by the end of 2026. The market was worth US$34.331 billion in 2019 and is anticipated to grow at a CAGR of 5.78%.
Bioactive ingredients or Bioactive compounds refer to supplementary bio-molecules that are found in foods (such as fruits, nuts, whole grains) and dietary supplements which provide health benefits beyond basic nutritional value. Bioactive compounds have actions that promote good health and wellbeing. Bioactive ingredients prove to have beneficial physiological, behavioral, and immunological effects.,Bioactive ingredients including polyphenols, carotenoids, vitamins, Omega-3 fatty acids, nucleotides are extensively used in the prevention of several chronic diseases such as cancer, diabetes, heart diseases, and other related diseases.
Bioactive ingredients help in adapting several metabolic progression for superior health and also have a therapeutic impact on living tissues. Moreover, Bioactive ingredients are safe for consumption and offer environmental benefits. Bioactive ingredients produce elements that help in restoring, supporting, and nourishing the structure of the skin and are commonly found in the form of thiolated, esterified, and glycosylated. Furthermore, they aid in the cure of diseases caused by lack of nutritional intake or unbalanced diets such as malnutrition, anemia, etc.
Bioactive is naturally present in a variety of foods but also are used as an additive or in processing aid as well. Owing to its wide applicability across segments, the bioactive segment is anticipated to propel growth in the bioactive ingredients market. Moreover, increasing health concerns and growing consciousness over the consumption of the type of food and beverage is expected to further drive demand in the market. Additionally growing awareness among consumers regarding the benefits offered by bioactive ingredients in maintaining a healthy diet, has resulted in boosting demand in the market.
Growing awareness among the consumers has forced companies to invest heavily in research and development for delivering novel innovative product solutions across segments. Furthermore, urbanization, rising per capita income, advanced health care facilities and development in emerging economies have complemented the need for novel product offerings. Furthermore, companies have adopted advanced technological solutions such as microencapsulation to protect the bioactive ingredients from oxidation and other unwanted reaction. These factors are collectively are boosting demand in the bioactive ingredients market.
Overall, Bioactive ingredients have garnered significant attention owing to their functional properties such as antioxidant, anticarcinogenic, and allied antimicrobial effects but their use has been limited across industry segments due to their instability during digestion and limation in storage, food processing, and pharmaceutical processes.
Prominent market players in the Bioactive Ingredients market include DuPont, Cargill, Inc., ADM, DSM, BASF SE, Karavita, and Nuritas Limited among others. Moreover, growing market development initiatives by these prominent entities have augmented growth in the market. For instance, DuPont and International flavors and Fragrances(IFF) have announced the merger of the two companies to create unique, industry-leading solutions.
The inclining trajectory in the Functional Food and Beverage segment is anticipated to significantly contribute to the growth of the Bioactive Ingredients market.
The functional food and beverages segment employs a significant application of bioactive ingredients. The widespread adoption can be associated with the varied health benefits provided by bioactive ingredients through functional foods and beverages. Moreover, ingredients in functional food and beverages are rich in minerals, vitamins, fibers and offer a low calorific value. Furthermore, recent advances in integrating and connecting local farms to food and health are linked to obtaining foods and beverages enriched bioactive compounds through ingredients sourcing and by influencing and agronomical industrial and domestic processes. Thus, The growing adoption of bioactive in connecting farms to food and health has resulted in burgeoning demand for Bioactive ingredients in the functional food and beverages segment.
Reginal Insights Concerning the Bioactive Ingredients Market
The Bioactive Ingredients market is fragmented by varied application segments across different business and industry verticals including Personal acre, functional food and beverages, dietary supplements, and Animal nutrition among others. Prominent market players have adopted various business strategies to sustain, grow and develop in the Bioactive Ingredients market owing to the growing consciousness over personal health and increasing awareness of the benefits of concerning bioactive ingredients. Furthermore, companies have adopted different business strategies such as partnerships, acquisitions, mergers and have applied innovative technological advancements in the product development phase, thereby delivering unique solutions and attracting more players into the market. Through such collaborative agreements and technological advancements, conglomerates and other allied businesses in the North American region have resulted in significant development of the market on the whole.
The Asia Pacific region holds a dominant market share and is projected to grow over the forecasted period. The major driving factor is rapid urbanization, rising disposable income, shifting consumer trends towards a healthy diet. Moreover, growing awareness among the consumers concerning the consumption of healthy nutrients is resulting in increased availability of biotech processes, thereby enabling conversion of bioactive ingredients in fruits and vegetables that have nutritional value. moreover, companies in the region are developing innovative, sustainable solutions to sustain themselves in the market. For instance, Sabinsa has announced an investment of Rs.600cr in Hassaan for the setup of a new manufacturing facility.
Whereas, the North American region is expected to grow at a substantial rate over the forecasted period. The growth in the market can be attributed to rising consciousness among consumers regarding food contents and other food additive effects. Furthermore, changing trends in consumer preferences towards a healthier lifestyle and widespread adoption of wellness products in further expected to boost demand in the region over the forecasted period. Similarly, companies in the region are adopting large-scale production of bioactive ingredients through various collaborative agreements and novel product launches. For instance, Cargill, Incorporated announced the expansion of its Diamon V animal nutrition facility in Cedar Rapids, Iowa to meet the growing demand for animal health products.
Bioactive Ingredients Offer a Ray of Hope in COVID-19 Management
Bioactive ingredients are being used against viral bacteria-induced diseases for a long time owing to their anti-inflammatory,anti-viral and anti-allergic properties. Moreover, the COVID-19 pandemic has positively impacted the bioactive ingredients market as various plants are being used in proving nutritional value owing to their medicinal and therapeutic properties possed by them. Similarly, its ability to fight against respiratory viral infection has further augmented its application during the pandemic. Moreover, Vitamin D has shown positive results in managing and controlling the spread of the COVID-19 virus. Moreover, bioactive ingredients or compounds are being extensively studied as anti-COVID-19 drugs.