Color cosmetics include make-up, skincare, and haircare products. They help enhance the look, conceal undesirable spots and marks on the skin, and define facial features, while giving a healthy and fresh appearance. Like elsewhere on earth, in Gulf Cooperation Council (GCC) nations, the demand for color cosmetics is increasing year by year. GCC contains six countries—the U.A.E., Kuwait, Bahrain, Oman, Saudi Arabia, and Qatar—all of which have been undergoing an economic expansion over the past…
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Added by Anany joshi on June 14, 2022 at 3:18am —
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In 2021, the Southeast Asia HVAC market was worth around $18,745.5 million. Moreover, it is expected to witness a compound annual growth rate of 6.4% from 2021 to 2030 and reach $32,824.1 million by 2030. The expansion of the hospitality industry and increase in the number of infrastructure projects are leading to the market's growth. Further, the environmental concerns and push for sustainable development are positively impacting the market by influencing people to replace their conventional…
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Added by Anany joshi on June 13, 2022 at 5:03am —
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The escalating pollution levels and the rising environmental degradation in several countries because of high energy wastage and large-scale power generation from non-renewable sources are making energy efficiency the need of the hour. Moreover, the governments of many countries are rapidly enacting renewable energy programs for reducing the emission of greenhouse gases in sectors such as industrial, buildings, and transport. This is, in turn, boosting the requirement for energy-efficient…
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Added by Anany joshi on June 8, 2022 at 4:25am —
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The World Bank states that the global final consumption expenditure surged from $62.662 trillion in 2018 to $63.788 trillion in 2019. According to this organization, households and non-profit institutions serving households (NPISHs) final consumption expenditure increased from $48.472 trillion in 2018 to $49.315 trillion in 2019. The soaring consumer expenditure along with the improving living standard of people around the world and the booming demand for healthier food items will encourage the…
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Added by Anany joshi on June 6, 2022 at 1:36am —
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EVs promise zero emissions from the exhaust and a decrease in city air pollution. With an aim of attaining 30% EV penetration by 2030, the Indian government has initiated the FAME India program, which encourages the adoption of EVs. The initiative propels the requirement for discrete power semiconductors as they are used for power conversion purposes in these automobiles.
Apart from the increasing use of EVs in the country, the growing need for power electronic modules in various…
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Added by Anany joshi on June 3, 2022 at 4:52am —
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With the sharp rise in terrorism and security concerns, the demand for physical security solutions is growing rapidly in the Asia-Pacific (APAC) region. Moreover, the increasing security concerns are making various regional countries such as China, India, Vietnam, Indonesia, and Singapore deploy physical security devices and equipment, especially video surveillance systems. There were over 300 terrorist attacks in APAC between 2012 and 2018, with Afghanistan and Pakistan reporting the highest…
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Added by Anany joshi on June 2, 2022 at 5:52am —
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From $3.1 billion in 2018, the geotechnical instrumentation and monitoring market is predicted to reach a revenue of $6.1 billion by 2024. According to the forecast of the market research organization, P&S Intelligence, the market will progress at a CAGR of 11.8% from 2019 to 2024. The market is being driven by the booming construction sector all over the world. Additionally, the increasing focus of the governments of several countries on developing sustainable infrastructure and rapid…
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Added by Anany joshi on May 19, 2022 at 4:37am —
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The mushrooming demand for industrial automation solutions is fueling the requirement for mobile collaborative robots. The surging complexities of manufacturing processes, high labor costs, and labor shortage and the growing requirement for higher productivity are pushing up the demand for industrial automation across the world. Additionally, many companies in developing countries such as India and China are increasingly using automation solutions for solving the issue of labor shortage and…
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Added by Anany joshi on May 17, 2022 at 4:10am —
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The rapid growth of the manufacturing sector in the last few years has caused a sharp surge in the sales of compressors in India. Moreover, with the implementation of favorable government policies, this trend is likely to continue in the future years. According to industry experts, the manufacturing sector in the country is predicted to attain a valuation of $1 trillion by 2025. In manufacturing facilities, industrial air compressors are heavily used for clamping, stamping, and tool…
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Added by Anany joshi on May 9, 2022 at 5:00am —
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Drivers such as the increasing adoption of ultraviolet (UV) curing systems for manufacturing furniture and packaging applications will accelerate the UV curing system market growth at a CAGR of 8.8% during the forecast period (2019–2024). At this rate, the value of the market will increase from $1.4 billion in 2018 to $2.4 billion by 2024. Moreover, the market is witnessing the large-scale adoption of the UV light-emitting diode (LED) technology for the manufacturing of consumer…
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Added by Anany joshi on April 29, 2022 at 5:48am —
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With the falling prices of solar panels, the demand for solar street lighting solutions is rising sharply across the world. As per a report published by the National Renewable Energy Laboratory (NREL), the prices of solar panels plunged from $10/W to around $2/W from 1980 to 2010, registering a decline of as much as 80% over 30 years. Moreover, the prices further fell from $0.70/W to $0.35/W, which registered a drop of 50% from 2015 to 2019.
The fall in the prices of these panels has…
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Added by Anany joshi on April 27, 2022 at 5:20am —
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The global variable refrigerant flow (VRF) systems market is set for lucrative growth in the coming years. The factors driving the market advancement are the burgeoning requirement for energy-efficient heating, ventilation, and air conditioning (HVAC) solutions, the expansion of the construction industry, and the increasing implementation of government initiatives in several countries for easing foreign direct investment (FDI) regulations in the real estate sector.…
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Added by Anany joshi on April 25, 2022 at 5:37am —
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A number of factors, such as the growing construction industry, booming hospitality and tourism sectors, surging concern toward sound and healthy sleep, and increasing prevalence of back and spine problems, across the country, are expected to drive the growth of the U.S. mattress market at a
CAGR of 4.8% during the foreseeable period (2020–2030). According to P&S Intelligence, the market…
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Added by Anany joshi on April 22, 2022 at 4:50am —
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In 2019, the world was already home to 703 million people in the age group of 65 and above, and by 2050, there will be 1.5 billion of them, the United Nations (UN) says in its latest World Population Ageing report. Such people often suffer from illnesses for long periods, as they are physically weak and immunocompromised. Further, not all of them have solid finances, which is why they find it unfeasible to visit a doctor every now and then. This is why the adoption of simple as well as complex…
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Added by Anany joshi on April 21, 2022 at 5:07am —
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Smart water meters are rapidly becoming an integral component of both residential and industrial buildings. This is because these systems not only allow the users to track and monitor their water consumption but also help in checking the water expenses regularly. Moreover, these devices allow the users to check the readings in the building premises itself. In addition to their ability to keep water expenses under control in residential settings, smart water meters also assist majorly in curbing…
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Added by Anany joshi on April 19, 2022 at 4:56am —
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A number of factors, such as the rise in need for wireless charging in smartwatches, smartphones, headphones, and other consumer electronic devices; adoption of wireless charging technology in medical equipment; technological advancements; growth in the electric vehicle (EV) industry; surge in efficiency of power transfer; and developments of wireless EV charging…
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Added by Anany joshi on April 18, 2022 at 3:01am —
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One of the major factors fuelling the rise in the demand for vision sensors is the surging packaging industry across the world, especially in the emerging economies such as India and China. For instance, as per The Federation of Indian Chambers of Commerce and Industry (FICCI), the plastic packaging industry in India recorded a CAGR of more than 14.0% during 2010–2017. In addition to this, the soaring pharmaceutical and food packaging industries and rising number of exports requiring superior…
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Added by Anany joshi on April 14, 2022 at 4:25am —
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The increasing concerns regarding global warming and high energy cost are leading to the standardization of manufacturing techniques, to attain energy efficiency. Due to this, various governments and manufacturing companies have shifted their focus on energy-efficient methods of production. For this, factories are using closed-loop stepper motors in large quantities, as they offer enhanced energy efficiency at high loads. According to P&S Intelligence, the rising focus on energy efficiency…
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Added by Anany joshi on April 11, 2022 at 3:14am —
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The increasing concerns regarding global warming and high energy cost are leading to the standardization of manufacturing techniques, to attain energy efficiency. Due to this, various governments and manufacturing companies have shifted their focus on energy-efficient methods of production. For this, factories are using closed-loop stepper motors in large quantities, as they offer enhanced energy efficiency at high loads. According to P&S Intelligence, the rising focus on energy efficiency…
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Added by Anany joshi on April 11, 2022 at 3:14am —
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It is highly unlikely that junk food will ever go out of trend, however, people are becoming more conscious regarding their health, which is why they are opting for healthier food items. Food items rich in nutrient especially are becoming popular day-by-day among the general public. A major drawback in the past regarding the adoption of healthier food items was their high cost, but due to economic growth and rise in disposable income, a large number of people are able to make healthy choices. A…
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Added by Anany joshi on April 8, 2022 at 4:29am —
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