Research Realm

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Largest Revenue Share in Digital Pens Market is Held by North America

The digital pen demand will reach USD 6,410 million by 2030, progressing at a rate of 10.8% by the end of this decade.

The industry is powered by the increasing disposable income, snowballing use of digital pens for eliminating paperwork, and mounting requirement for cutting-edge features of digital pens.

Active pensled the digital pen market with a share of 46%, in 2022. These pens permit users to write directly onto a computing device, as well as a tablet computer, smartphone, and ultra-book.

 The cursor is continuously underneath the tip; therefore, they are extremely precise. The key advantage of the active pen is its improved functionality. These are easy to use while also sustaining more intricate necessities.

They are the first-choice of digital artists, independent writers, illustrators, graphic designers, and educators. Moreover, it addresses the problem of paper signatures and supporting e-signatures.

The multiple OS category had the larger share, of over 70%, in 2022. Furthermore, digital pens with in excess of one operating system compatibility have been also prevalent amongst users.

Also, more than a few consumers nowadays own over one phone, with diverse operating systems, as a result of which the requirement for digital pens with numerous operating system compatibility is rising.

Clinical documentation led the industry in terms of revenue. These kinds of pens permit clinicians to employ their preferred technique of documentation, dictation, as well as voice recognition, and transcription of medical documentation, into digitalized forms.

It also helps in the integration of clinical language understanding and natural language processing, which benefits in examining the clinical data.

Tech progressions in digital knowhows and cutting-edge features of digital pens are playing an essential role in the development of the market. The fast expansion of computer technology is snowballing HCI activities.

Despite the increasing acceptance of tablets and smartphones, there is still a market for innovative pens serving the writing purpose. The introduction of multifunctional instruments of writing with improved features, for instance smartphone and tablet-optimized pens, is powering the market growth.

North America had a largest share, of 38%, in the digital pen market. The increasing use of digital pens in the healthcare and education sectors is supporting the growth of the industry. By the end of this decade, the employment in healthcare occupations will grow with a minimum of 16%.

Furthermore, the growing use of smart devices, developments in digital tech, and high income of the individuals are the main reason for the growth of the industry. The U.S. is ranked 6th worldwide and first in Central and North America for IT innovation and 4th for technical knowledge.

The increasing disposable income of the people all over the world is doing good for increasing the demand for digital pens.

Source: P&S Intelligence

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The Market for Heat Transfer Fluids is Led by Mineral Oil

In 2021, the global heat transfer fluids market had a total size of USD 3,628.1 million, and it is predicted to hit USD 8,247.1 million by 2030, progressing at a rate of 9.6% from 2021 to 2030, according to a research report by a market research company P&S Intelligence.

Heat transmission solutions are liquids that are used as a standard or carrier to convey heat from one location to another. Thermal conductivity and high diffusivity, low viscosity and non-corrosive nature.

This growth can be credited to the extensive utilization of such fluids in chemical making and processing. Moreover, their anti-freezing chartersticks at tremendously low temperatures are quickening their utilization in a range of sectors, such as solar power, oil and gas, manufacturing, chemical, and biodiesel.

The developing nations of LATAM and APAC, including India, China, Mexico, and Brazil are giving numerous prospects for heat transfer fluid producers. In such regions, the end-use businesses have grown majorly. For example, India, China, and Brazil's emerging solar business aids the requirement for such fluids. Furthermore, in APAC, utilization of such fluids is projected to be the uppermost at concentrated solar plants.

Heat exchangers are utilized in almost all industry where power is needed for burning, reaction, or the alteration of a precise chemical. Heat transfer liquids accumulate heat and shift it from one location to another, in heat exchangers.

On the basis of the production and sale, North America is rapidly becoming one of the most alluring industries for heat transfer fluids makers. It is an industry with a high disposal revenue and manufacturing productivity. The thriving CSP and biodiesel businesses in the North America are another vital element rising the potential requirements for HTFs.

Also, the requirement for high-temperature heat transfer liquids has augmented as a result of the growing activity in the CSP industry in Europe. One of the most-effective approaches of renewable power generation is the CSP technology.

Europe has become one of the major utilizers of heat exchanging device because of the significant investments and technological advances in a range of businesses, which has, ultimately, augmented the requirement for such fluids.

In the coming few years, the APAC region is all set to experience highest CAGR, of above 12%, with a significantly rising demand for all key HTFs. The region is a looked-for location for the market companies to spend in because of the obtainability of low-cost labor and raw materials, and also the rising local demand.

Hence, the heat transfer fluids market is boosted by the rising oil and gas sector, growing emphasis on concentrated solar energy, and thriving chemical production.

Source: P&S Intelligence

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Demand for Inorganic Salts To Remain Highest in Asia-Pacific (APAC)

To most people, ‘salt’ simply means table salt, or sodium chloride. However, the word has a specific meaning in chemistry, hence denotes a wide array of compounds, almost all of them powders. In technical terms, any compound that has a cation (positively charged atom) bonded to an anion (negatively charged atom), such that the net charge of the molecule is 0, is a salt. In the simplest form, a salt can be produced by reacting an acid with a base (alkali).

According to P&S Intelligence, the inorganic salts market is expected to display a 6.5% CAGR during 2024–2030, to reach USD 290.8 billion by 2030 from an estimated USD 188.6 billion in 2023. Inorganic salts are those that do not contain a carbon–hydrogen bond. In fact, the majority of the industrially used salts are inorganic. They are used as raw materials, intermediates, and final products in a variety of applications, such as fertilizers, food and beverage products, construction chemicals, healthcare, cosmetics, and personal care and homecare products. Hence, due to such a wide application area of such compounds, their consumption keeps on growing.

Such chemicals can be classified both on the basis of their cation and anion. For instance, sodium chloride can be classified both as a sodium salt and a chloride salt. This makes the segregation of these compounds based on their application a little easier. For instance, phosphate salts, specifically diammonium phosphate and ammonium dihydrogen phosphate (also known as monoammonium phosphate), are majorly used in fertilizers. Similarly, silicate salts are widely consumed in the glass industry; silica being the major raw material that goes into the production of glass.

Moreover, sodium chloride finds application in several cosmetic products, such as oral hygiene products, fragrance, shampoos, skin, nail, hair, cleansing, makeup and bath products, and suntans. Further, two of the major ingredients of shampoos are sodium lauryl sulphate and sodium laureth sulphate. Similarly, the key ingredients of toothpastes are calcium carbonate, calcium hydrogen phosphates, and sodium fluoride. Additionally, calcium carbonate is used in dietary calcium supplements, antacids, and medicinal tablets.

In the same way, titanium dioxide is a major component of paints and coatings as it gives them their white color. Hence, as construction activities burgeon around the world, the demand for paints and coatings will grow, which will drive the consumption of titanium dioxide. Another key material that is witnessing a booming demand with the growing construction sector is steel. It is used widely as a structural element in buildings, bridges, and towers. Its burgeoning consumption is propelling the demand for aluminum oxide, or alumina, which is used as a refractory, the bricks that line the furnaces.

Moreover, a large volume of inorganic salts isn’t used itself, but to extract their base mineral. Many important metals do not exist in the elemental stage, but as oxides and sulphides. For instance, iron exists as ferrous oxide and ferric oxide, while copper, which is also available in its native (elemental) state, is usually extracted from cuprite (cupric oxide) and chalcolite (copper [I] sulphide). Similarly, bauxite contains aluminum in the form of hydroxide salts. In the same way, calcium is usually mined from calcium carbonate (marble), while silver is found in the form of silver sulphide.

Currently, Asia-Pacific (APAC) is the largest inorganic salts market because of its massive chemical industry. The demand for pharmaceuticals, paints and coatings, personal care products, food and beverage products, and fertilizers is booming in the region, which is propelling the demand for a variety of inorganic salts. For instance, the growing automotive sales and construction activities are propelling the demand for paints and coatings, while the rising prevalence of several diseases is driving the consumption of pharmaceuticals. As all these products contain some or the other inorganic salts, their increasing demand is driving that of the latter.

Therefore, with the widening industrial production, the demand for inorganic salts will rise.

Source: P&S Intelligence

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Acetyls Market its Future Outlook and Trends 

Acetyls are a group of organic chemicals that are extensively used in numerous industrial applications. They are derived from acetic acid. Acetyls have a wide range of properties that make them suitable for use in various industries, such as pharmaceuticals, food & beverages, and oil & gas.

Forms of Acetyls 

One of the most common forms of acetyls is acetic acid, it is extensively used in cosmetic products, as a solvent in inorganic and organic compounds, and in the production of plastics. The requirement for acetic acid has significantly increased due to the increasing production of monochloroacetic acid, vinyl acetate monomer, butyl acetate, terephthalic acid, and ethyl acetate.     

Moreover, acetic acid is also used in the production of coatings, sealants, polyesters, and greases, all of which have numerous applications in the automotive, packaging, and electronics industries.

Another form of acetyls is acetic anhydride. Acetic anhydride is adopted in numerous industrial applications, such as the production of cellulose acetate, an extensively used plastic. It is also used in the production of aspirin, drugs, perfumes, and explosives. 

Vinyl acetate is also a form of acetyls and it is a significant industrial monomer that is implemented to produce copolymers and homopolymers with numerous applications.

Vinyl acetate is also used to produce numerous polymers, for instance, ethylene-vinyl acetate, polyvinyl alcohol, ethylene-vinyl alcohol, acetate ethylene, and polyvinyl acetate, due to its thermal conductivity, fiber-forming ability, colorlessness, optical clarity, and high adhesiveness.

Uses of Acetyls in the Food & Beverages Industry

As the number of packaged food industries increased, acetyls are widely used in the food & beverages industry as a shelf-life enhancer and artificial flavoring agent in various food products. This is because of the increasing living standards, mounting consumer base in emerging nations, and growing necessity for polyester bottles and containers.

Preservation of food with acetic acid benefits in preserving canned goods. Various products comprise this vital ingredient due to its capability to prevent bacteria growth. Acetic acid is regularly added to pickled products, salad dressings, cheeses, and sauces.

Uses of Acetic Acid Usage in Producing Purified Terephthalic Acid and Ester Solvents

Acetic acid is the main raw material used in the production of purified terephthalic acid and ester solvents. Purified terephthalic acid is itself mainly adopted as a raw material in the production of polyester filament yarns and polyester staple fibers, in combination with monoethylene glycol.

Another main application of purified terephthalic acid is in the production of polyester films and polyethylene terephthalate bottle resin, which are adopted in food & beverage and textiles containers. Adopting purified terephthalic acid provides economic advantages over the other dimethyl terephthalate intermediate.

To summarize, acetyls are a highly versatile group of chemicals that are broadly adopted in a variety of industrial applications. Acetyls have several properties that make them ideal for use in various industries, such as pharmaceuticals and food & beverages. With their wide range of applications, acetyls will continue to play a vital role in the chemical industry for many years to come.

Due to the increasing requirement for drugs, mounting research and development expenses, and favorable rules by the government for the pharma sector, the demand for acetyls is continuously rising, and it is expected to reach USD 43,337.36 million by the end of this decade.  

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Closed Loop Stepper Motor Market is Driven by Automation Industry 

The closed-loop stepper motor market is experiencing growth, according to P&S Intelligence. This growth can be ascribed to the Snowballing need for closed-loop stepper motors from the packing & labeling sector, quick development in automation, and the rising requirement for refining energy effectiveness in industrial applications.

In the past few years, Asia-Pacific held the largest market share, in the market. this can be ascribed to the increasing concentration on automation in nations including India, Japan, and China. Moreover, the mounting acceptance of progressive technologies in emerging nations is boosting the growth of the market in the region.

The main trends witnessed in the closed-loop stepper motor industry are the growing guidelines concentrating on power effectiveness and the development of the micro-stepping method.

Micro-stepping method enables the swift functioning of a stepper motor in addition to dipping resonance and cogging-related problems. The method provides better torque at low speeds and better resolution at high speeds, thus refining the overall performance of the motor.

Some of the main reasons boosting the development of the closed-loop stepper motor market are technological improvements and quick development in automation. Furthermore, with the evolution of market 4.0 and the increasing requirement for refining power efficiency in several industrial applications, the need for closed-loop stepper motors is experiencing a surge throughout the globe.

For example, a few years back, the American National Standards Institute (ANSI) Energy Efficiency Standardization Coordination Collaborative (EESCC) delivered a set of orders including the standards and obedience assessment curriculum essential for an energy-effective atmosphere. Therefore, in accordance with such orders, industrial businesses are progressively concentrating on power optimization by arraying closed-loop stepper motors, as they provide higher energy effectiveness than old-style stepper motors.

The development of industry 4.0 can be watched as the main development opportunity for the key players functioning in the closed-loop stepper motor market. Industry 4.0 is getting automation and computer technology together to transform manufacturing in industries, several end users, including the labeling and packaging, textile, robotics, and semiconductor industries, are progressively utilizing closed-loop stepping motors for several applications.

With the development of industry 4.0 armed with an amplified concentration on higher productivity, quality production, and error minimization, the need for such motors is projected to significantly surge in the coming future, further causing development chances for the key players.

Hence, the Snowballing need for closed-loop stepper motors from the packing & labeling sector, quick development in automation, and rising requirement for refining energy effectiveness in industrial applications, such factors are contributing to the growth of the closed-loop stepper motor market.

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Why India’s HVAC Boom is a Game-Changer for Comfort and Sustainability?

In past few years, the Heating, Ventilation, and Air Conditioning (HVAC) industry in India has experienced extraordinary development, understanding its critical role in advancing the nation’s infrastructure and energy landscape.

The Indian HVAC market size is estimated to have stood at USD 11.8 billion in 2024, and it is projected to reach USD 29.4 billion by 2030, growing at a CAGR of 16.3% between 2024 and 2030. Urbanization and Increasing Demand.

India’s urbanization trajectory is a key driver of HVAC sector development. The UNs projects that India’s urban populace will exceed 600 million by 2031, a substantial surge from the current figures. This urban growth generates demand for residential and commercial buildings, thus driving the requirement for better HVAC systems to guarantee comfort, efficacy, and air quality.

As cities are developing, so does the requirement for high-quality HVAC solutions. Modern urban buildings and commercial spaces need better climate control systems that can manage the growing load because of higher densities and more substantial power demands. This shift is making opportunities for innovative HVAC techs, including smart HVAC systems and energy-effective solutions that can meet the needs of urban environments.

Increasing Per-capita Income and Changing Lifestyles

The Indian middle class is escalating swiftly, with per-capita incomes growing significantly. As per the World Bank, India's per capita income has nearly doubled in the past decade. This economic growth translates into greater consumer spending on comfort and quality of life, including the installation and maintenance of state-of-the-art HVAC systems.

With increased affluence, Indian consumers are becoming more conscious of the quality of indoor environments, which drives demand for advanced HVAC solutions that offer enhanced comfort, energy efficiency, and air purification. This trend is not limited to residential spaces; commercial establishments, including offices, shopping malls, and hotels, are also investing in sophisticated HVAC systems to improve their operational efficiency and provide a superior customer experience.

Government Initiatives and Support

The Indian government’s proactive approach in fostering an environment conducive to HVAC sector growth cannot be overstated. Several initiatives are playing a pivotal role in shaping the industry:

1. Make in India and Atmanirbhar Bharat: The ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives aim to bolster domestic manufacturing and reduce dependence on imports. By encouraging local production, the government is making it easier for HVAC manufacturers to access raw materials, benefit from reduced tariffs, and leverage local expertise. This policy shift is expected to enhance the competitiveness of Indian HVAC companies and spur innovation in the sector.

2. Production Linked Incentive (PLI) Schemes: The PLI schemes are designed to incentivize domestic production by offering financial rewards based on the output and quality of products. These schemes are particularly beneficial for the HVAC sector, as they encourage companies to invest in state-of-the-art manufacturing facilities and adopt advanced technologies. The result is a more robust and technologically advanced HVAC market that can meet both domestic and international demands.

3. Financial Incentives for Energy Efficiency: The Indian government is also offering various financial incentives to promote energy-efficient HVAC systems. Programs such as the Standards & Labeling program and the Perform, Achieve, and Trade (PAT) scheme provide subsidies and support for adopting energy-efficient technologies. These initiatives align with the broader goal of reducing energy consumption and emissions, contributing to a more sustainable HVAC industry.

4. Commitment to Carbon Neutrality: India has committed to achieving carbon neutrality by 2070, a goal outlined in its Nationally Determined Contributions (NDCs) under the Paris Agreement. This commitment is driving significant investments in green technologies, including energy-efficient HVAC systems. As a result, there is a growing emphasis on developing and adopting HVAC solutions that minimize carbon footprints and support the transition to a low-carbon economy.

Embracing Innovation and Sustainability

The Indian HVAC sector is at the forefront of technological innovation and sustainability. Companies are increasingly focusing on integrating smart technologies into their HVAC systems, such as Internet of Things (IoT) connectivity, artificial intelligence (AI), and machine learning. These advancements enable real-time monitoring, predictive maintenance, and optimization of energy usage, leading to enhanced efficiency and cost savings.

Additionally, there is a growing emphasis on adopting environmentally friendly refrigerants and energy-efficient components. The transition to low Global Warming Potential (GWP) refrigerants and the implementation of energy recovery systems are key trends in the sector, reflecting a commitment to reducing environmental impact while maintaining high performance standards.

Future Outlook

Looking ahead, the HVAC sector in India is poised for continued growth, driven by the confluence of urbanization, rising incomes, government support, and technological advancements. The sector’s evolution is closely tied to the broader economic and environmental goals of the country, making it a critical player in shaping India’s infrastructure and sustainability landscape.

As India navigates its path towards becoming a global economic powerhouse while addressing climate change challenges, the HVAC sector will remain integral to creating comfortable, energy-efficient, and sustainable environments. By leveraging innovation, government support, and a commitment to sustainability, the Indian HVAC industry is well-positioned to meet the evolving needs of a rapidly changing nation.

In summary, the Indian HVAC sector is experiencing a transformative phase, characterized by robust growth and significant advancements. With supportive government policies, increasing consumer demands, and a focus on sustainability, the sector is set to play a crucial role in India’s development and environmental stewardship.

Source: P&S Intelligence

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How Does Rising Construction Sector Boost Demand for Chillers? 

The chiller industry is projected to rise in the coming years, and it is projected to generate $10,880.3 million revenue in 2030. It is ascribed to the increasing requirement for cooling equipment from the commercial sector, surging global temperature, and rising expenditure on infrastructure development.

Under the type segment, the scroll category holds the largest industry share, and it is ascribed to the increasing requirement for low-cooling-capacity chillers in the commercial and hospitality sector.

There are types of scroll chillers, such as air-cooled and water-cooled. The air-cooled bifurcation captures substantial industry revenue. Air-cooled scroll chillers are garnering popularity, as it is not possible to each time use water to cool scroll chillers, during low-capacity needs.

Under the end-user segment, the residential category is projected to experience the fastest growth. The increasing popularity of the district cooling approach in metropolitan cities, and rapid urbanization boost the sales of chillers.

APAC captures the largest industry share, due to rising demand for such systems in China. The expansion of the construction sector, more specifically in Shanghai, and Wuhan propels the industry. In addition, the expansion of the IT sector and data centers network in APAC creates an opportunity for chillers. That is why APAC is projected to experience the fastest growth in the near future.

Presently, R32 refrigerant is massively used, compare to R32, as it provides heat efficiently and requires less electricity by 10%. Similarly, R32 has less GWP potential compared to R22, AND R410A refrigerants.

Moreover, since R32 has a higher cooling capacity, compare to other refrigerants, chillers need less piping, and hence it boosts their efficiency. Therefore, the eco-friendliness and energy efficiency advantages of R32 lead to increasing usage of chillers.

In addition, the consistent rise in temperature is a major industry driver. The consumption of fossil fuels, such as natural gas, coal, and other fossil fuels causes GHG, as well as nitrous oxides, methane, and carbon dioxide emissions into the atmosphere.

The rise in the GHG concentration results in surging infrared radiation absorption by the atmosphere. Also, the rise in the earth’s temperature due to climate change boosts the worldwide adoption of chillers in the commercial, residential, and industrial sectors.

Moreover, the expansion of the construction sector has also fuelled the growth of the chiller industry. There are numerous projects in the pipeline, such as the construction of the residential building, office premises, metro rail construction, and airport projects.

China has planned to construct 136 airports by 2025. India has also planned the construction of 100 airports in the next coming years.

The major players operating in the industry are; Daikin Industries Ltd., LG Electronics Inc., Mitsubishi Electronic Corporation, Carrier Global Corporation, and Johnson Controls International Plc.

Therefore, the rising expansion of the construction industry boosts the demand for chillers.

Source: P&S Intelligence

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Why Will Shared Scooters Make Our Life Easy?

Rentable electric scooters are becoming increasingly popular among customers as a substitute for driving a personal vehicle for short trips in urban areas, particularly to and from transit hubs and tourist destinations.

In congested locations, it is alluring for people to unlock a scooter, get on, and ride a few blocks or a few miles to their destination without being stopped in traffic or wasting time looking for parking. Three major factors are influencing the demand for shared scooters.

First Mile/Last Mile Time Savings

Just-right distances to go by car or public transportation are equally just-right distances to travel by foot. Waiting for the next bus or walking both need time-consuming solutions. Shared electric scooters excel in this situation.

Since they don't have docks, you are not limited to parking lots. Get off the bus, locate an electric scooter, and head in that direction.

You may be the scooter's next customer when you go home, so leave it there! A month's time savings might total several hours for first and final-mile travel.

Parking Spaces & Pollution

If circumstances arose where using public transportation plus shared scooters offered an automobile-competitive answer, consider what it would mean to eliminate automobiles off the road.

That would result in less air pollution, fewer parking spaces, and less traffic congestion on our roadways, particularly those leading to and from our urban areas.

This has an intriguing long-term effect: when parking demand declines, prices fall, making parking less economical. As a result, parking spots are eliminated to create a place for other improvements.

Affordability

The fact that most people can afford shared scooters is perhaps one of their most alluring qualities. Even accounting for the costs of taking public transportation for the middle portion of the trip, the average trip only costs a couple of dollars, which is far lower than the amount that would be spent on petrol, insurance, and parking if someone used their car to travel.

Benefits Of Shared Scooters

Shared scooters have a large following and might be advantageous to the neighborhood.

Scooters are enjoyable, affordable, and practical methods to cover short distances in cities.

They advocate for an active, healthy way of life.

Accessible rentals promote increased scooter use, which forces towns to provide more routes and better bike lanes.

Sharing a scooter can reduce short-distance driving, lowering pollution, traffic, and parking needs.

Sharing scooters boosts consumer spending and local business activity.

Demand for E-Scooter Booming

E-scooters are undoubtedly commonplace among city dwellers and those who live close to college campuses. These vehicles, intended for short-distance transport, include a modest electric motor and a deck where one person may stand.

Scooters are rented by the minute through ride-hailing services like Bird and Lime. Users drop them off at their destination for the next user to pick up or pick them up later for a charge.

These gadgets serve a specific purpose for certain people by addressing the "last mile problem," which refers to the final portion of a journey that can occasionally be the most challenging since it may entail walking from a bus stop or rail station to one's home.

Source: P&S Intelligence

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Vehicles Getting Smart with Automotive Camera Sensors

It is impossible to find any modern car without sensors. Gone are those days, when all of the things were manual and the security was also limited. With the advancement in technology and it becoming smart, that smartness is also imbibed into the car, with the help of sensors. There are many kinds of sensors present in automotive, but in this blog, we will focus upon the camera sensors, to be specific.

CMOS and CCD image sensors have revolutionized the world of automotive camera sensors. With the obtainability of the newly developed camera sensors, safety features have surely augmented and people get a feel that they are travelling in a smart car.

Automotive camera sensors are integral parts of autonomous driving systems and ADAS. They offer visual info about the surroundings of the car including color, shape, and texture of diverse objects for example susceptible road users, signs, traffic signals, other vehicles, road markings etc.  

Due to the fact that, they are an integral part of the modern vehicles the demand for automotive camera sensors is on the rise, and it will reach a value of USD 5,847.3 million by the end of this decade.

There are quite a few of HDR automotive image sensors present in the new vehicle models. These sensors comprised, split pixel, sequential exposure, and super-exposure pixel architectures.

Cameras are deployed in the vehicle for increasing comfort and safety, including, ADAS applications and for mirror replacement.  

Making the Driver Clearer and More Efficient

Modern automotive cameras would be inadequate has all the imaging tools of capturing and processing what is seen. Empowering the ‘eyes’ of the automobile, Automotive imaging tech is growing the distance in which objects can be observed and speed by which the image is handled. These progressions allow drivers to have a clearer vision of what all is happening on the road, and seeing that they could take better decisions while driving.

Reversing the Car Made Easy

The smart rear view camera sensor provides display, processing of the image. The smart rear view camera helps the driver to see what is coming from the back side. This also helps in the reverse parking assist. Reversing the car is not that easy for many people, and many times experts also find it difficult to take the vehicle reverse.

 Keeping the Vehicles at Bay from the Pedestrians

Roads are not only for vehicles but for the pedestrians as well. All the drivers have to be mindful of the fact that the vehicle does not collide with any pedestrian present on the road. Modern automotive camera sensors have got a human detection algorithm for the safety of the pedestrians and it can also provide the driver with alerts.

 Nowadays people are well aware of their safety in vehicles and so demand advanced safety features in the vehicles, technical advancements happening in the automotive industry, and its movement toward autonomous and smart vehicles, and last but not the least is the adoption of ADAS features in vehicles.

All this is directly proportional to the increasing demand for automotive camera sensors.

Source: P&S Intelligence 

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Coping with Increasing Demand for Electricity with Flywheel Energy Storage Systems

The need for almost everything in this world has some other connection with the increasing population in the world, and the same is the case with the demand for electricity. Once there was a time when there was no electricity and even then, all was just going fine, but now it is not the case. An increasing number of people means, more demand for electricity to light up their homes and make their life easier. The global population will increase by 2 billion in the next 3 decades, from around 8 billion to 10 billion in 2050.

Data centers are among the highest consumers of electricity. Studies state that energy consumption by data centers continues to increase every year.  Generally, servers and cooling systems use maximum electricity in data centers, followed by network devices and storage drives. Some data centers can have a lot of devices and use up over 100 megawatts of electricity, which can light up about 80,000 homes in the U.S.

UPS has the highest demand flywheel energy storage market and will grow significantly. This will be mainly because of the increase in the requirement for an incessant supply of electricity in almost all the industries, with the intention of operating electrical devices and gear without disruptions. Furthermore, UPSs are high in demand because of the increasing requirement for effective power backup alternatives, particularly in developing countries, which have a lot of power cuts.

North America has the major demand in the flywheel energy storage market, it will continue on its merry way in the coming years as well. This is because of the growing number of flywheels for power conservation. Furthermore, flywheels are connected to renewable energy sources ensuring the irregular nature of renewable energy can be made increasingly consistent.  Apart from this, Asian countries like China, India, and others will also observe an increase in demand because of the growing demand for an incessant power supply, in consort with the government efforts for supplying clean energy.

The requirement for flywheels for driving military operations and ground vehicles, along with weapons, communications, navigation, and their related intelligent systems, is growing. Vehicles and systems along with the different weapons in the military need uninterrupted electricity. Here, flywheels come in handy as an apt technology for energy storage. Furthermore, a flywheel system rallies the system’s stability and helps in the flow of current in power systems. So, the electrification of systems used in military operations is becoming trendy.

As energy requirements become more complex in a wide range of applications, those accountable for guaranteeing dependable, clean, lucrative energy supplies within organizations are continually in search of solutions that can upsurge competencies while enhancing energy consistency. Many times, integrating flywheel technology in a new electrical system design can act as an excellent basis for attaining the goals of maximizing reliability and reducing the cost of operations.

The demand for flywheel energy storage systems is increasing because of the need for more and more electricity.

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How can Mobile Collaborative Robots Automate Processes in Industrial Settings?

The need for automated processes in industries is on a rise. This can be ascribed to the surging complexity of processes, high labor costs, labor shortage, and the need for enhancing productivity in industries. With the increasing population and growing disposable income across the globe, the demand for different products has risen substantially as well. In order to fulfill these demand, it is important for industries to operate in an efficient and productive manner.

Because of this, industries are increasingly employing automation solutions, such as mobile collaborative robots (mobile cobots), all over the globe. These devices have the ability to operate around humans without enhanced supervision. By deploying these solutions, industries can decrease downtime between tasks, reduce time needed for changeovers, and enhance performance for picking tasks. It is because of such advantages that the global mobile collaborative robots market is expected to grow at a considerable pace in the coming years.

The demand for mobile cobots is particularly increasing in the automotive industry. These devices offer a number of advantages, including standardization in the production process and high-quality output, which is why their adoption in the automotive manufacturing industries is growing swiftly. Mobile cobots can further handle multiple tasks, such as material handling, welding, and assembling, which is an added advantage for automotive industries. These robots further offer the amount of automation that is needed in industries these days.

The global mobile collaborative robot market is expected to attain a revenue of $6.8 billion by 2030, increasing from $543.3 million in 2019, and is projected to witness a robust growth of 26.3% during the forecast period (2020–2030). On the basis of application, the market is divided into assembling, machine tending, welding, material handling, and pick & place, out of which, the assembling division is expected to register the fastest growth during the forecast period. Such operations need mobile cobots for decreasing the time need for assembly.

When end user is taken into consideration, the market is categorized into electronics, healthcare, aerospace & defense, manufacturing, mining & mineral, retail, agriculture, and automotive. Among these, the electronics industry is creating significant demand for mobile cobots, primarily because of the swift expansion of the industry. These robots are being used in the industry for enhancing productivity and for performing tasks that otherwise become monotonous and repetitive for humans.

Geographically, the Asia-Pacific (APAC) region held the largest share of the mobile collaborative robot market in the past and is further predicted to progress at the fastest pace during the forecast period. Within the region, Japan and China are making the most use of mobile collaborative robots, owing to the rising government support for increasing the sales of electric vehicles through incentives and subsidies. Moreover, the rapidly expanding consumer electronics industry is also driving the demand for mobile collaborative robots in the region.

In conclusion, the market is being driven by the increasing demand for mobile collaborative robots from the automotive industry and need for automated solutions in industries.     

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Germany Automotive Telematics Market is Dominated by OEM’s

The Germany automotive telematics market will advance at a compound annual growth rate of 16.5% in the years to come, to touch a value of USD 7,748 million by 2030.

The key factors, which are powering the industry are the growing preference for a safer driving substitute, accompanied by the wide-ranging support from the government, with regards to the formulation of policy and regulations, for the integration of these sort of systems in vehicles.

Safety and security will be the fastest-growing category in the future. The expansion of intelligent transportation systems and automated driving will surge the requirement for safety of the people in vehicles.

Also, government mandates for growing the count of passenger safety features in cars will drive the market in the years to come.

OEMs dominated the industry in the past. The category will retain its domination in the future. The obligatory regulations to include the essential safety features in automobiles, together with the mounting consumer preference for connected buses, are powering the growth of the market.

Construction machines will grow the fastest in the Germany automotive telematics market in the future, under vehicle type.

Safety and security are the two initial needs related with construction machines. Safety and compliance solutions comprise accident communication and theft protection features, vital for construction machines.

The growing use of of telematics solutions in off-highway automobiles is a major trend, which is observed in the industry.

The enhanced efficiency and productivity of these automobiles and rising requirement for off-highway vehicle data analysis, accompanied by the necessity to decrease the operational costs related with their maintenance and repair, are the key reasons for the rising acceptance of telematics solutions in these automobiles.

Further, diverse automotive associations in the nation have standardized the key versions of the telematics solutions presented for off-highway vehicles, further boosts their acceptance in these automobiles.

The rising preference for safer driving substitutes and smoother traffic is the important driver for the industry. serious injuries, road traffic and death are a few unwanted outcomes of road transport, and the key cause of road crashes and accidents is frequently human error. Several aspects related to human drivers, for example speeding, lack of attention on the road, and risky distance from the automobile in front, are majorly accountable for accidents happening on the road.

It is because of the increasing preference for a safer driving alternative in Germany, and the support of the government through the formulation of regulations and policies, the demand for automotive telematics in the nation will continue to grow even more in the future.

Source: P&S Intelligence

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North American Acid-Etched Glass Market Will Touch $403.1 Million by 2030

Acid etching, as the name suggests, uses hydrofluoric acid to erode a glass panel's surface to produce a transparent finish. Although the translucent glass enables light to flow through, the finish is fuzzy, making the figures and forms on the other side difficult to see.

You can make acid etched glass more or less opaque, based on the level of privacy you want to create. For a uniform finish, the whole panel can be coated. It can also be embellished with imaginative patterns and artwork.

To highlight the other elements of the space, you can carve geometric and floral designs onto the glass. Before etching, artists can add logos, numbers, characters, or other graphics by coating the glass with an acid-resistant material. The remainder will seem overcast, but the portions covered will remain clear.

Because of its rough texture, acid-etched glass is inexpensive maintenance and helps to hide fingerprints. Commercial etching is a permanent procedure that produces more complex patterns than other finishes. By selecting the design, opacity level, and embellishments including paint or backlighting to accentuate the glass, you may create a unique effect.

By 2030, theNorth American acid-etched glass marketis expected to reach a $403.1 million value. This is expected to increase as a result of many key reasons, including the rising urban population, and rising building activity in both the commercial and residential sectors. Several commercial and residential customers have been drawn to embrace etched glass for ornamental purposes due to the tendency toward employing varied textures, tints, or gradients in the glass.

As a result, the North American acid-etched glass industry will grow due to the sharp increase in demand for ornamental glass that uses the acid-etching method. Additionally, the growth in applications for this glass, particularly in shopping centers, and hospitals, has created an attractive potential for market participants in North America.

One of the major reasons propelling the North America acid-etched glass demand is increasing urbanization in the region. Due to the expanding population, there has been a dramatic rise in the need for acid-etched glass.

The urban population increase has been more significant than rural population growth. The Worldwide Population Prospects 2019 estimates that there were 7.7 billion people on the planet at the beginning of 2019, and that number will rise to 8.5 billion by 2030, 9.7 billion in 2050, and 10.9 billion by 2100.

Acid-Etched vs Sandblasted Glass

The recommended technique is acid-etching if you want intricate and decorative patterns. Your glass will have a unique, streamlined appearance that is reminiscent of frosted glass. The design won't peel or deteriorate using this technique, which is a bonus. Compared to sandblasted glass, acid-etched glass also is more stain and fingerprint-resistant.

Sandblasting, in contrast, produces a finish that is higher quality, more uniform, and more suited to straightforward designs. Glass that has been sandblasted is more costly and fingerprint-prone. The essential factor to consider when choosing between etched and frosted glass for the lovely glass shower enclosure is the degree of opacity.

Source: P&S Intelligence

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Polyethylene Glycol Market Trends: Growth, Opportunities, and Forecast to 2030

Market Overview

The global polyethylene glycol (PEG) market is projected to reach $5,102.0 million in 2024, with expectations to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2024 to 2030, culminating in a market value of $6,909.6 million by 2030. This growth is primarily driven by the increasing consumption of PEG as a specialty solvent and surface-active agent in various personal care products, including creams, lotions, toothpaste, shampoos, deodorants, conditioners, lipsticks, bath oils, soaps, and detergents. Additionally, the rising use of water-based coatings, paints, and inks in the construction industry, particularly in the Asia-Pacific region, is contributing to market expansion. The expansion of the paper industry in countries like China and India is also expected to boost the demand for PEG, as it is utilized in the production of paper and ceramics as a color stabilizer.

Key Insights

The PEG market is segmented by form into opaque liquid, white wax solid, and flake/powder. Each form caters to specific applications across various industries, influencing their demand and utilization.

In terms of grade, the market includes PEG 200, PEG 300, PEG 400, PEG 400 FCC Grade, PEG 3350, PEG 4000, and PEG 6000. These grades differ in molecular weight and are selected based on their suitability for specific applications, ranging from pharmaceuticals to industrial uses.

The application spectrum of PEG encompasses medical, construction and infrastructure, industrial, and personal care sectors. In the medical field, PEG is widely used as a laxative and in drug formulations due to its biocompatibility and solubility. In the construction industry, it serves as a binder and lubricant in various materials. The industrial sector utilizes PEG in manufacturing processes, while the personal care industry incorporates it into products for its moisturizing properties.

Geographically, the Asia-Pacific region holds the largest share of the PEG market and is also the fastest-growing region. This dominance is attributed to the extensive growth in the construction industry and the expansion of the paper industry in countries like China and India. The increasing use of water-based coatings, paints, and inks in construction activities is driving the demand for PEG in this region.

Technological advancements are playing a significant role in shaping the PEG market. The development of bio-based PEG is emerging as a major trend, driven by the need to reduce the environmental impact of petroleum-based products. Advancements in manufacturing technologies and research and development efforts are focused on improving processing techniques, enhancing product development, and increasing the availability of bio-based PEG.

The market is characterized by fragmentation, with numerous players operating globally. Key companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to expand their product portfolios and geographic presence. The increasing demand for PEG in various applications presents significant opportunities for innovation and growth within the market. As industries continue to seek versatile and efficient solutions, the adoption of PEG is expected to rise, driving the market's expansion in the coming years.

Source: P&S Intelligence

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Singapore Micromobility Market is Dominated by the Bike Category

According to a report by a market research institution, P&S Intelligence, the Singapore micromobility market will advance at a 64.2% compound annual growth rate, to reach USD 1,817.9 million, by 2030. 

The growth of the industry is credited to the unfavorable regulations of vehicle ownership, the requirement for an efficient transportation system for short distances, and the compact size of the country.

Moreover, amidst the social distancing measures, fear of infection, and reduced access to public transportation, using micromobility had started to be viewed as an alternative to traditional public transportation and a possible solution to travel around the nation during the pandemic.

In the past few years, the bikes category, based on vehicle type, dominated the Singapore micromobility market. This can be credited to the fact that bike-sharing services are an eco-friendly and affordable option for mobility. 

Based on sharing system, the dockless category will observe faster growth in the industry in the coming years. This is ascribed to the mounting popularity of dockless bike-sharing systems among users and service providers because it is more affordable than a docked system.

One key trend observes in the Singapore micromobility industry is the increasing investments in developing micromobility companies from various OEMs and prominent venture capitalists. 

Singapore is a small country spanning 728.6 square kilometers, the nation implements a unique approach to combat traffic congestion. The government adopts a bidding system wherein individuals obtain a certificate of entitlement, enabling them to own a car for a limited duration of 10 years.

Additionally, the expense associated with purchasing a personal vehicle in Singapore remains high because of importation requirements and the existence of the bidding process. Consequently, a significant portion of the population prefers to use public transportation.

Micromobility services offer an efficient transportation solution suitable for both first- and last-mile travel, along with other modes of transportation. This enables individuals to reach their destinations promptly while keeping expenses minimal. These factors collectively contribute to the growth of the micromobility industry in Singapore.

Key players in the Singapore micromobility industry have been involved in expansions of services to attain a significant position from their competitors.

It is because of the requirement for an efficient transportation system for short distances, unfavorable regulations of vehicle ownership, and the compact size of the country, the Singapore micromobility industry will continue to advance significantly in the years to come.

Source: P&S Intelligence

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Travel Without Polluting the Environment with Micro mobility

Air pollution is one of the biggest problems which has encircled the whole world. Vehicles have a lot of contributions to add to the air quality, and South Korea is not an exception to this. With the increasing level of air pollution and to save on transportation costs, the country has started looking forward to micro-mobility. And, because of this, the demand for electric scooters will rise at a mammoth rate of around 52%, and reach a value of around $11,179 million by the end of this decade.

Swing, an electric scooter and micro-mobility start-up of South Korea, announced that it has raised a sum of $24 million to spur its evolution and expansion to Japan. White Star Capital led the funding, which also participated in Berlin-based Tier Mobility, and included existing backer Hashed, amongst others. With the capital, Swing raised a total of about $33 million since its beginning in 2019.

CEO of the startup announced that the startup will make use of the proceeds to surge its fleet of micro-mobility and further penetrate the market in Japan. In 2022, Swing will deploy 100,000 e-bikes, e-scooters, and e-mopeds that will have a changeable battery that is substitutable with each other and mount 200 e-charging stations for its own use and for others as alternatives. Swing presently operates a convoy of 35,000 e- vehicles, like e-mopeds and e-scooters.

Apart from its app, the shared micro-mobility startup newly introduced a novel app called Dayrider that permits delivery riders to rent e-scooters or e-mopeds for just a couple of days without the annoyance of charging.

Seoul announced in the month of September that it will have an addition of 62,000 e-motorcycles, including e-mopeds, and install 200,000 other e-charging stations by 2025 in an effort to decrease GHG emissions. Seoul also announced that it would substitute 100% of the total of 35,000 motorcycles used for last-mile delivery with electric motors.

South Korea’s new rules on e-scooter have upset e-scooter companies. Under the amended act, effective from May 2021, e-scooter riders must be 16 years or over, have a valid license, and wear a helmet. If the new regulations are not followed by the people, a fine will be imposed. The e-scooter users must use bike paths and park the electric scooters away from cars and people. In July, Seoul announced that the illegally parked e-scooters will be towed and a penalty will be charged.

In excess of 20 e-scooter rental businesses are presently operational in South Korea, where there is no boundary on the count of companies or fleets that can operate the business in this sector. Industry sources told that consolidation was initiated in the e-scooter business last year.  A Berlin-based electric-scooter platform Wind Mobility, which arrived in the country’s market two years ago, wrapped its operations in the capital city last October.

The demand for e-two-wheelers in South Korea increased with the need to decrease the pollution level and the cost of traveling.

Source: P&S Intelligence

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Data Center UPS Market Will Reach USD 10,096.5 Million by 2030

In 2024, the data center UPS market was worth around USD 7,191.9 million, and it is projected to advance at a 5.8% CAGR from 2022 to 2030, hitting USD 10,096.5 million by 2030, according to P&S Intelligence.

The growth can be ascribed to the formation of new data centers, as the need for data storage is strongly growing among all the sectors worldwide, mainly to offer big data solutions. Mainly because the UPS systems shield data centers from power flows and power outages, their need is growing.

In the coming few years, the requirement for up to 500-kVA UPS systems will raise at the highest CAGR, of approximately 8%. This can be credited to the fact that they are extensively utilized in data centers of small to large establishments, to offer short-term backup power during a power cut or voltage spikes.

In 2021, the tier III data centers category led the industry, with a revenue of approximately USD 3 billion. the category is projected to maintain its dominance in the future as well. This is mainly due to the majority of data centers being constructed with tier III needs and tier III services are extensively utilized by rising and large businesses.

Furthermore, there are numerous ongoing data center projects throughout the globe, that fall under this category.

The largest end-user of data center UPS solutionsin the IT sector. Also, the IT category is projected to experience the highest growth in the coming few years. Topmost IT businesses are reliant on cloud computing systems and data analytics, having a huge requirement to store and protect the information in data centers.

To accomplish business targets, the businesses accept data center UPS solutions that guarantee consistent power supply. Microsoft, Google, and Amazon are some of the main companies that hold more than half of the main data centers, and significantly boost the development of the industry.

North America generated the largest revenue share in the market in 2021. This can be credited to the existence of key market players, including Eaton Corporation, ABB Ltd., and Schneider Electric, and the continent has the major concentration of data centers worldwide.

In the coming few years, the APAC industry is estimated to witness the fastest growth. This is mainly because of the growing investments, increasing data center amenities, and increasing adoption of public and hybrid clouds by numerous organizations, in the region.

Hence, the formation of new data centers, as the need for data storage is strongly growing among all the sectors worldwide, mainly to offer big data solutions. Mainly because the UPS systems shield data centers from power flows and power outages, their need is growing.

Source: P&S Intelligence