Tobacco Industry Boosting Indonesian Coding and Marking Systems Market Growth

 The growing food and beverage, automotive, and building and construction industries are expected to drive the Indonesian coding and marking systems market

Additionally, the increasing application of coding and marking technologies in the country’s tobacco industry is expected to propel the Indonesian coding and marking systems market growth during the forecast period. The increasing focus on cleanliness, to enhance the quality of end products, has amplified the demand for sophisticated and modernized coding solutions in the tobacco industry. These new-age technologies increase readability, enhance productivity, and facilitate high-resolution printing for automatic labeling and direct-to-the-box applications.

The categories under the technology segment of the Indonesian coding and marking systems market include drop-on-demand (DOD), continuous inkjet, print and apply labeling, laser coding and marking, thermal transfer overprinting (TTO), thermal inkjet, and others, including hot-melt inkjet and valve jet. Amongst these, the laser coding and marking category is projected to demonstrate the fastest growth during the forecast period due to the increasing application of this technology to enhance the readability of 2D codes and text on the product packaging.

Further, the application segment of the Indonesian coding and marking systems market is categorized into metal cans, rigid plastic containers, paperboard, retail-ready packaging, extrusions, wooden materials, bags, metal parts, plastic and rubber parts, shrink wrap, corrugated packaging, glass bottles and containers, flexible films and foils, polyethylene terephthalate (PET) bottles, and others, which include cases, trays, and pouches. Amongst these, the PET bottles category held the largest market share in 2017, and it is expected to remain significant till 2023 due to the extensive use of PET bottles for product packaging.

Among Indonesian cities, Jakarta accounted for the highest revenue in the market in 2017, which can be attributed to the high population density of the city. Being the most populous city in Indonesia, Jakarta creates a significant demand for metal products, packaged food and beverage products, and construction goods. The increasing consumption of these products is fueling the demand for coding and labeling solutions in the city. These factors are expected to boost the market during the forecast period as well.

Some of the leading players in the Indonesian coding and marking systems market are Danaher Corporation, KGK Marking Technologies Group, Linx Printing Technologies, Matthews International Corporation, Domino Printing Sciences plc, Dover Corporation, Koenig & Bauer Coding GmbH, ANSER Coding Inc., PT Samartha Solusi Indonesia, and Hitachi Ltd. These companies are extensively involved in research and development (R&D) to improve the existing technologies and widen their application in the industrial sector. For example, PT Samartha Solusi Indonesia has introduced the Rottweil E-Jet 455B continuous inkjet printer for industrial coding and marking.

Thus, the increasing emphasis on technological enhancements has widened the application base of coding and marking systems in Indonesia.

Read More

How does Usage of Concentrated Solar Power Drive Thermal Energy Storage Market?

The demand for electricity is expected to grow at a 2.1% annual rate from 2019 till 2040, according to the World Energy Outlook 2019 published by the International Energy Agency (IEA). At this rate, compared to 19% in 2019, the share of electricity in final energy consumption will become 40% by 2040. This would be a result of the rapid industrialization, as an increase in the number of factories directly means a rise in the demand for power. It is not just factories where energy is needed, but almost everywhere — homes, commercial buildings, or transportation.

The IEA also ways that till at least 2020-end, coal will be the major source of power generation, which has already degraded the air quality beyond imagination. This is pushing up the need for renewable sources of electricity, which is, in turn, leading to the growth of the thermal energy storage market across the globe.

The concept is exactly what it sounds like: storing the extra energy contained in heat for future usage. Pumped heat electrical storage (PHES), ice thermal energy storage, concentrated solar power (CSP), and chilled-water thermal energy storage are the various ways in which it can be achieved. Among these, the most popular way to do this has been CSP, especially in Australia, the U.A.E., Morocco, and China. In these systems, the sunlight and heat are reflected on to a receiver by concave mirrors or lenses. The heat then drives a steam turbine, which ultimately generates the electricity.

Currently, Asia-Pacific (APAC) is the largest exponent of the CSP method, with China leading the way in the region. According to the National Energy Administration of China, 111 CSP projects, which have a combined electricity generation capacity of 9 gigawatts (GW), were under construction in the country in 2017. Of these, the first network of CSP plants, which can cumulatively create 1,349 megawatts (MW) of energy, has already being commissioned.

Another reason behind the growing demand for the thermal energy storage technology is the increasing construction of green buildings. Such buildings must use only the electricity which is being generated on site, and they have to be energy-efficient at the same time. Currently, the sun is the most widely used source for creating energy in such buildings, which is leading to the rapid incorporation of thermal energy storage technologies in such settings to store the extra heat for future use.

Similarly, the usage of district heating and cooling (DHC) systems is also rising, as, compared to individual appliances for individual buildings, a DHC system is more energy-efficient. Since, these systems draw power from utility companies, these firms are swiftly integrating thermal energy storage systems to power DHC. Majorly, combined heat and power (CHP) plants are used for the purpose of providing the energy as well as generating heat at the same time, which further leads to energy efficiency.

Around the world, North America is the largest thermal energy storage market, on account of the quick development of CHP stations and rising requirement for backup power for heating ventilation, and air conditioning (HVAC) systems. In the coming years, the demand for storing thermal energy would surge the fastest in APAC, as the growing population in the region is raising the demand for energy, while depleting the fossil fuel reserves are shifting the limelight on renewable energy.

Thus, with the increasing concerns regarding air pollution, due to the burning of fossil fuels for generating electricity, the focus on renewable electricity will keep on rising, thus driving the popularity of the thermal energy storage concept.

Read More

Why Will Americas Witness Widescale Use of Neem Extract in Future?

 The CDC states that there were 28.7 million diabetic patients in the U.S. in 2019. In addition, the International Diabetic Federation states that 30,987,900 adults were living with diabetes in the North America and Caribbean (NAC) region in 2020, and this number will rise to 63 million by 2045. Moreover, the WHO forecasts that nearly 11.3% of the Brazilian population will be diagnosed with diabetes by 2030.  

The growing prevalence of diabetes will, therefore, strengthen the Americas neem extract market in the foreseeable future, owing to the anti-diabetic activity of neem. Oral administration of dried neem is often recommended for diabetic patients as it helps reduce creatinine, glucose, lipids, cholesterol, urea, and triglycerides in mammals. Additionally, nimbidiol, extracted from barks and roots of neem trees, can control diabetes by inhibiting glucosidases. Moreover, prophylactic treatment with neem seed oil or leaf partially prevents the alloxan-induced surge in blood sugar.

Moreover, the surging need for biopesticides, on account of the soaring vehicle production, will also facilitate the consumption of neem extracts in the Americas. The United States Department of Agriculture (USDA) states that the U.S. yielded 739 million hundredweight (cwt) of vegetable and melon crops in 2019. Nearly 2.38 million acres of farmland were dedicated to the production of vegetables in the country. Neem extracts serve as non-neurotoxic pest control agents, which exhibit insecticidal effects, owing to which farmers are shifting toward neem-based pesticides.

In addition, the surging public concerns regarding harmful effects of chemical-based personal care products, such as face washes, face creams, shampoos, and bathing soaps, will accelerate the use of neem extracts in the Americas. To meet the changing needs of people, personal care product manufacturers are using seed extract, bark extract, and leaf extract in their offerings for the people of the U.S., Canada, Brazil, Haiti, Nicaragua, and the Dominican Republic. Moreover, neem extract-based products are used to treat acne, blackheads, and pigmentation.

According to P&S Intelligence, the Americas neem extract market is dominated by American Vanguard Corporation, Terramera Inc., Bayer AG, Certis USA LLC, Fortune Biotech Ltd., and Groupo Ultraquimia. In recent years, these companies have constantly focused on attracting more customers due to the entry of numerous small enterprises offering neem extracts. The increasing competition among neem extract-based product manufacturers can also be attributed to the low switching cost of buyers of the region.

Thus, the increasing incidence of diabetes, accelerating shift toward bio-based pesticides, and rising public concerns about the detrimental impact of chemical-based personal care products will propel the use of neem extracts in the Americas. 

Read More

How is Growing Population Driving Smart Solar Market?

 As the excessive consumption of non-renewable resources for generating energy has led to their depletion and has cause almost irreparable damage to the environment, the focus has now shifted towards making use of alternative renewable sources for producing energy. It is highly unlikely that the demand for energy will reduce during the foreseeable years, since the population across the globe has been increasing at a swift pace. Ascribed to this, there is a pressing need for making use of clean resources to produce power for catering to the needs of people and making sure that less harm is caused to the environment.

Solar energy has shown great potential under these circumstances and is widely being utilized across the globe for meeting the energy demands of people. However, the technology still has scope for improvement, owing to which, research & development activities in the areas have been increasing. One of the major developments that has happened in recent times concerning solar power is that of smart solar solutions. These solutions aid users to decrease their electricity cost and increase efficiency of solar components by providing real-time monitoring. It is due to such advantages that the global smart solar market is expected to advance at a significant rate in the near future. 

Energy solutions are necessary when it comes to reducing wastage, as they make sure that generated energy is utilized in an optimum manner by monitoring energy requirements. Innovations in the fields of electronics and information technology have contributed towards the emergence of devices for renewable energy. Such devices are utilized by existing solar power solutions by improving their functional capabilities, including controlling and monitoring. Different smart solar products are photovoltaic cells, generators, and invertors, out of which, a considerable demand is predicted to be created for smart solar photovoltaic cells in the coming years. 

Technological advancements are projected reduce the prices of photovoltaic cells in the near future. In addition to this, companies in the domain utilizing the triboelectric effect are focusing on the development of hybrid photovoltaic cells,which would have the ability to generate electricity during rainy season as well. The various smart solar solutions are analytics, network monitoring, asset management, meter data management, remote metering, and supervisory control and data acquisition. Out of these, the demand for asset management solution is expected to be substantial in the years to come, which is because of technological advancements and stringent regulatory norms in North America and Europe. 

Between commercial & industrial and residential applications, a significant demand for smart solar solutions is predicted to be generated from the commercial & industrial sector in the coming years. This is because the high deployment cost of smart solar solutions limits the application in investor-owned utilities. Geographically, North America is projected to emerge as a major smart solar market in the near future, which can be attributed to the early adoption of solar services and solutions in the region.    

In conclusion, the demand for smart solar solutions is growing due to the surging population and declining fossil fuels. 

Read More

How is Rising Prevalence of Lung Cancer Propelling Surge of Global Bronchoscope Market?

One of the major factors responsible for the rise in the demand for bronchoscopes is the rising incidence of lung cancer across the world. Since the last few years, there has been a massive rise in the global geriatric population and this has significantly boosted the prevalence of lung cancer across the globe. As per the World Health Organization (WHO), cancer was found to be the second-major cause of deaths across the globe in 2018, accounting for 9.6 million deaths, with lung cancer caused due to tobacco consumption responsible for almost 22.0% of all the lung cancer related deaths.  

The other major factors fuelling the surge in the demand for bronchoscopes are the soaring number of technological advancements in medical instruments and healthcare industry and increasing healthcare expenditure in several countries around the world. Due to these factors, the global bronchoscope market is expected to demonstrate tremendous growth during the forecast period (2020—2030). Bronchoscopy is basically a medical procedure that involves the insertion of a thin tube through the nasal passage in order to diagnose lung disorders, such as infections and tumors, and breathing problems due to fibrosis.

Read More

Demand for Rooftop Solar PVs Projected to Rise because of Government Initiatives

 This is resulting in the increasing demand for rooftop photovoltaic (PV) in both residential and commercial sectors. The adoption of these products is widely dependent upon government initiatives. Incentives mechanisms, including tenders, technology-specific renewable portfolio standards, premiums for the feed-in of excess power generated in self-consumption systems, tax credits, and traditional feed-in tariffs or power purchase agreements, are the major reason behind the growing deployment of rooftop solar PV in different application areas. 

Rooftop solar PV systems comprise solar PV panels and other related equipment, including monitoring and mounting units, batteries, cables, junction boxes, meters, inverters, and transformers. The key applications of rooftop solar PV modules are off-grid and on-grid, between which, the demand for these products was higher for off-grid applications in the past. The reason for this is the increased costs of integrating systems to grids. Furthermore, the application of supply management infrastructure, including transport cables, meters, and management systems for grid integration, is a costly endeavor as well.    

Read More

Wireless EV Chargers Facilitating Hassle-Free Long Drives

 

The International Energy Agency (IEA) reveals that the global stock of plug-in hybrid vehicles (PHEVs) , battery electric vehicle (BEVs) , and fuel cell electric vehicle (FCEVs) stood at 3,346,713 units, 6, 850,327 units, and 31,225 units, respectively, in 2020. By 2030, the stock of PHEVs, FCEVs, and BEVs will rise to 44,355,904, 1,152,588, 79,975,992, respectively 2030. Whereas, the global stock of BEV and PHEV electric buses is expected to surge from 515,400 in 2020 to 3,217,713 by 2030 and 81,898 in 2020 to 358,921 by 2030, respectively.    

Thus, the surging adoption of EVs will augment the need for fast charging options, owing to which the wireless EV charging market will advance at a significant rate during 2020–2030. To establish a fast EV charging infrastructure, several charging station developers are focusing on investing in research and development (R&D) in wireless technology. The installation of dynamic wireless systems on EVs allows them to be charged while on the move. Moreover, the absence of charging cables in wireless systems makes it more user-friendly than cable charging systems.

At present, Evatran Group Inc., WiTricity Corporation, HEVO Inc., ELIX Wireless Charging Systems, Qualcomm Technologies Inc., Conductix-Wampfler GmbH, BMW AG, Bombardier Inc., Momentum Dynamics Corporation, and Siemens AG are offering static wireless charging and dynamic wireless charging systems for creating a viable EV infrastructure. In the coming years, static wireless chargers will be adopted in the largest number because these systems have lesser technological barriers and require lesser infrastructure than dynamic wireless chargers. Additionally, many industry players are making huge investments in research and development (R&D) projects for developing advanced static wireless chargers, which is further propelling the popularity of these chargers across the world.

The aforementioned chargers are based on wireless charging system (CWCS), inductive wireless charging system (IWC), permanent magnetic gear wireless charging system (PMWC), and resonant inductive wireless charging system (RIWC) operating techniques. Wireless EV chargers based on these operating techniques are being installed in BEVs and PHEVs to reduce their charging time and eliminate the range anxiety issues among consumers. With the increasing production of BEVs, on account of massive government support, wireless EV chargers will be integrated into such vehicles in larger numbers, as compared to PHEVs.

According to P&S Intelligence, Asia-Pacific (APAC) will dominate the wireless EV charging market in the foreseeable future. This will be due to the escalating EV adoption in developing countries, such as India and China, and developed countries, such as Japan. In recent years, China has emerged as an active participant in the EV charging industry, due to the rapid development of advanced inductive chargers. For example, in 2016, Zhejiang VIE Science & Technology Co. Ltd. and Evatran Group Inc. formed a joint venture to integrate PLugless, a wireless charging system of the former, into the EVs being manufactured in China.

Thus, the soaring number of EVs, owing to the mounting environmental concerns and escalating government support, will augment the installation of wireless EV chargers in the forthcoming years.   

Read More

Surge in Tourism and Construction Industries Driving Demand for Facility Management Services

The expansion of the construction, hospitality, and tourism industries is one of the major factors driving the demand for facility management services across the world. Furthermore, the rising urbanization rate, rapid economic progress, and the launch of smart city and infrastructural development projects by the governments of several countries are also pushing up the requirement for these services, as these services are heavily required by businesses and commercial establishments such as mega food parks, shopping malls, and special economic zones (SEZs) for catering to the needs of people. 

Additionally, the surging number of corporate offices and retail stores in several countries, on account of the economic growth and increasing industrialization and urbanization rates, is also fueling the demand for facility management services all over the world. Owing to the aforementioned factors, the facility management market is predicted to exhibit huge expansion in the coming years. Hard services and soft services are the two most widely used types of facility management services across the world. Between these, the demand for hard services is predicted to rise sharply in the coming years. 

Furthermore, many international companies are setting up their offices, service centers, and research and development facilities in the region, owing to the high growth potential there. This is subsequently pushing up the requirement for facility management services in the region. Cleaning, property, security, support, catering, and environmental management are the major facility management services used all over the world. Some of the major organizations operating in the facility management market are Imdaad LLC, Tenon FM, Compass Group, Jones Lang LaSalle, G4S plc, Emrill Services LLC, and EMCOR Group.

Thus, it can be safely said that the demand for facility management services will surge sharply in the coming years, primarily because of the expansion of hospitality, tourism, and construction industries, rising urbanization and industrialization rates, and increasing number of retail stores and corporate offices across the world. 

Read More