Photonic Integrated Circuits Market Gains Momentum to Support High-speed Data Transmission, Internet On-the-go Requirements

The global market for photonic integrated circuits (IC) will develop at a whopping 25.30% CAGR in the 2015-2022 period, say analysts at Transparency Market Research. Thanks to a heap of new technologies, optical networks have become mainstream for communication networks. So much so that optical networks are the backbone of the Internet, especially for loops that need to support 100 gigabits per second (Gbps) transfer rates of data, a big leap from the 2.5 Gbps that was attainable in the 1990s on these networks.

With the Internet and connectivity in various ways becoming an integral part of our lives, technology has touched all avenues of our lives to some extent. Even the most mundane businesses are counting on technology-driven communication models. Owing to the reach of telecommunication networks, what industry experts speculate will soon be a reality – a major part of our planet will showcase a silicon heartbeat and networks will work as its nervous system.

In recent times, the optical industry has had a favorable spell, thanks to the deployment of 100G data transmission networks. Mostly utilized for fiber-optic networks, fiber-optic communication finds extensive application in mobile backhaul, data centers, cloud services, and other high-speed network applications. Like the shrinking of electronic devices leading to a massive integration in electronics, nanophotonics guarantees a similar scale-up for photonics.

How do Photonic ICs Work?

Photonic integrated circuits utilize light in place of electrons to carry out optical functions. Integrated optics is the niche technology that constructs photonic integrated circuits, wherein several optical components are combined to perform an array of functions.  These components can be optical filters, amplifiers, photodetectors, modulators, and amplifiers. Whilst the technology in constructing a photonic integrated circuit remains the same, the variable is the substrate that determines the features and limitations of the corresponding technology.

Recent developments in metamaterials, nanostructures, and silicon technology have extended the functionality avenues for these highly integrated optical chips. There are several reasons for the sales of optical networks and their supporting technologies. With the demand for 100G deployments becoming mainstream, the spending on wavelength division multiplexing (WDM) has spurred tremendously.

Design and Application Profile of Photonic Integrated Circuits – a Snapshot

The stringent design configuration of photonic ICs has limited its integration with a spectrum of networks. Out of these, a wavelength-scale structure that exhibits a high index of contrast is a key requirement. In these units, waveguides need to make large bends for the light to be confined; it is the index contrast between the waveguide core and the substrate cladding that decides the confinement factor.

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Amongst the several applications of photonic integrated circuits, it is the optical communication segment that registered the largest share in the global market in 2013. Accounting for 58.6% of the market, the usability of the segment is for optical datacom, FTTx and access networks, and long-haul transport networks.

India Becomes the Only Country to Join China in the 1-bn Mobile Subscribers Club

There are now over one billion mobile users in India, the Telecommunication Regulatory Authority of India has said in its latest report. By breaching this frontier, India is the only country apart from China to boast such a massive base of consumers with cellphone connectivity. With this, the number of mobile subscribers in India is now three times the population of the United States. The subscriber base in India approximated 996.66 mn as of September 2015 and rose at a monthly growth rate of 0.69% to reach 1,003.49 mn in October 2015. This is a major milestone considering that India’s population is 1.25 bn, ranking only behind China, which has a population of 1.35 bn.

In analyzing what makes India’s mobile subscriber base so massive, analysts have zeroed in on two key aspects: affordable phone prices and cheap call rates. With an impressive 200 mn subscribers, Bharti Airtel is the leading telecom operator in the Indian market. Vodafone and Idea follow the market leader. Other major players in this space include Aircel, Reliance, TATA, BSNL, and Telenor.

Although Airtel’s subscriber base of 200 mn might not exactly come across as impressive when juxtaposed against the fact that Verizon in the United States has 137.5 million subscribers (the total population of the U.S. was 318.9 mn as of 2014), it is important to note that the market leader is competing against nearly a dozen other telecom operators in a fragmented market.

Over the next year, more consumers across India are expected to become mobile subscribers as network coverage improves. The Union Ministry of Telecom has directed telecom operators to boost coverage by installing more towers.

In what comes as good news for Indian consumers, call rates are expected to witness a further drop with the launch of Reliance Jio 4G in early 2016. For the other players, however, this will only mean one more aggressive competitor to contend with.

The rates of handsets, too, are expected to dip further with the ambitious ‘Make in India’ project attracting several Chinese manufacturers. While there’s little doubt that the Indian telecom sector will see cutthroat competition, what definitely cannot be argued is that consumers are the ones to benefit the most from these recent market developments.

Continued Research Makes Biotherapeutics Cell Line Development Market a Highly Attractive Space

Insulin, which helps millions of diabetics worldwide to regulate their blood sugar levels, holds the distinction of being the first modern medicine to be produced using biotechnological methods. Since the last three decades, the demand for biotherapeutics has shown a steep upward growth trajectory because there is now a greater demand for treating serious diseases such as cancer, rheumatoid arthritis, and multiple sclerosis. 

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This rising demand for biotherapeutics, coupled with several biopharmaceutical drugs nearing late-stage clinical trials, has consequently created appreciable demand for cell line development. That’s because an appreciable number of biotherapeutics are recombinant monoclonal antibodies produced in mammalian cell lines. While producing cell lines wasn’t a commercially feasible process until a few years ago, that scenario has long changed. Advances in biotechnology now enable biotech and life sciences companies to produce cell line on a large scale for protein-based therapeutics. 

The global biotherapeutics cell line development market had a valuation of US$56.03 mn as of 2014. As per the projections of Transparency Market Research, the market is expected to rise to US$99.84 mn by 2022. This translates to a compounded annual growth (CAGR) rate of 7.5% between 2015 and 2022.

What do the numbers speak of the demand for biotherapeutics cell line development market?

The number of recombinant protein therapeutics approved by the United States’ Food and Drug Administration (FDA) has only risen with every passing year. Taking this rise into consideration, there is a parallel increase in the demand for cell lines to produce biotherapeutics. In 2014, for instance, 11 novel recombinant protein therapeutics received FDA’s stamp of approval. From 2006 to 2011, TMR analysts say that on an average, 15 novel recombinant drugs were approved by the US FDA. 

In the U.S., Europe, and other important global markets, the number of monoclonal antibody products approved approximates 47. Of these, more than 60% were reportedly produced in mammalian cell culture.

North America, Europe, and Asia Pacific: The Largest Biotherapeutics Cell Line Development Markets, in that Order

North America’s leading position in the global biotherapeutics cell line development market in 2014 can be ascribed to the presence of a number of large biopharmaceutical manufacturers here. The expanding geriatric population base here also presents a massive opportunity for the biotherapeutics industry. Europe, the second-largest market for biotherapeutics cell line development has remained firmly on the growth track thanks to a rising demand for biotherapeutics.

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However, the future of the biotherapeutics cell line development market lies in Asia Pacific, which was ranked as the third-largest market globally. The potential that APAC presents can be gauged from the prediction that the region will exhibit the highest CAGR globally. This, coupled with considerable investments made by large multinationals in countries such as China and India will make the market worth tracking. Latin America is yet another high-potential market for biotherapeutics cell line development. Countries such as Brazil, especially are emerging as attractive markets for biotherapeutics cell line development. 

Global Wearable Medical Devices Market Growing by Leaps and Bounds at 16.40% CAGR 2013-2019

The rapid development of wearable medical devices is one of the most prominent trends that marked the progress of the healthcare and medical devices industry in 2015. Developing at an impressive CAGR of 16.40% from 2013 to 2019, the wearable medical devices market is only going to expand over the next coming years, according to Transparency Market Research. A new report by the market intelligence company states that the global wearable medical devices market is projected to grow from a value of US$2 bn in 2012 to US$5.8 bn by 2019.

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Rise in disposable income, growing investments in research and development, increasing demand for wearable devices, rising focus on health and fitness, intense competition among players, and remarkable advancements in technology are some of the key factors that boost the global wearable medical devices market. 

Here are two of the latest developments in the wearable medical devices market:

Wearable Defibrillator for Children Gets FDA Approval

Earlier this month, the US Food and Drugs Administration (FDA) gave the green signal to a wearable cardioverter defibrillator developed by Zoll Medical. This device can be used for the treatment of sudden cardiac arrests in kids. Before this, doctors were forced to use off-label devices on their pediatric patients and this was always a cause for worry. This new device can be used for children who, due to lack of parental consent or medical conditions, are not eligible for an implantable defibrillator. The LifeVest continuously monitors the heart for arrhythmias and begins an alarm sequence if it detects an abnormal heart rhythm. By concurrently pressing two response buttons, the patient can prevent a shock if the treatment is not needed. In case the patient is unable to respond to the alarm, the device gives a verbal warning that the treatment shock is about to be delivered. The LifeVest was approved for adults in 2001.

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Startup Develops OTC Version of Nausea Wearable Device 

ReliefBand, a wristband device to quell and control nausea, was originally developed by Abbott Laboratories and later cleared by the FDA back in 1997. ReliefBand Technologies has now developed an over-the-counter version of that wearable device to eliminate the need for physicians and hospital intermediaries and bring the product directly to the consumers in need. While the ReliefBand is already available on Amazon, it will be available in retail outlets in the first quarter of 2016 after updating its usability and design. The startup recently raised US$5 mn to market the product and will unveil it next month at the Consumer Electronics Show in Las Vegas. There are over 60 million people in the world who suffer from motion sickness and another massive group of pregnant women who experience morning sickness. This device promises to treat the condition without any side effects. 

New Study Seeks to Explore Potential of Solid-state Li-ion Batteries

As smartphones and wearable mobile devices become omnipresent and incorporate even more advanced features with every coming day, the issue of limited-energy power sources becomes more profound. No doubt a vast number of research and development activities aimed at improving batteries in this field are conducted around the world and many innovative, more compact products offering decent power backups have been launched in the market in the past years.

The market for lithium-ion or li-ion batteries has especially observed stronger than expected growth in the previous decade, primarily owing to the astounding rate at which the market for smartphones and other mobile devices expanded during this period. Analysts predict that the future of the global li-ion batteries is also very promising. A lack of efficient alternatives and the numerous benefits of li-ion batteries are some of the key factors working in favor of the global li-ion batteries market in the current scenario.

A report published by Transparency Market Research (TMR) states that the global li-ion batteries market, which valued US$11.70 bn in 2012, will expand at an excellent 14.40% CAGR between 2013 and 2019 and reach a valuation of US$33.11 bn by 2019.

New Study Promises Solution for High Performance and Safer Li-ion Batteries

Conventional designs of li-ion batteries include a liquid electrolyte, which acts as a passage for the migration of electrons while charging and recharging of the battery. The problem with such batteries is that while they offer high levels of conductivity, which is a good thing, they also carry the risk of explosion as they become flammable under high temperature or high voltage. Batteries with liquid electrolyte can also leak, thus, factors such as casing design of the battery is very important for the prevention of failure of such batteries.

Therefore, the research activities aimed at devising non-liquid electrolyte batteries have increased in the past few years. A recent study examined the structure evaluation of a doped garnet-type solid electrolyte using neutron diffraction techniques. The study, which aimed at unraveling the mechanism that enhances the lithium-ion conductivity of this electrolyte, has revealed promising results that are expected to drastically improve the performance of non-liquid electrolytes, and possibly lead to more efficient and safer li-ion batteries. The study was conducted by a group of scientists at the Spallation Neutron Source department of the Oak Ridge National Laboratory, the U.S.

Ways to Mitigate Secondary Phases with Low Li-ion Conductivity

Substances such as lithium lanthanum zirconates, which have a garnet structure, prove to be good electrolytes as they promote fast transportation of lithium ions. However, these substances are often known to develop unwanted secondary phases with low-conductivity of ions. This can be detrimental to the overall performance of the electrolyte in some cases.

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The research monitored the formation of these low-conductivity phases and found that their occurrence can be mitigated by adding to the material traces of elements with high valences or the ones that have affinity for creating bonds. The research, thus, concluded that by suppressing the formation of the unwanted secondary phases and increasing the number of valences for transportation of ions, garnet structures can be made more effective for li-ion batteries.

Global Industrial Robotics Market Rising due to High Demand from Asia Pacific

Industrial robots are a multifaceted technological innovation that has transformed the industrial landscape around the world. Industrial robots are programmable machines that can perform a wide variety of tasks in industrial surroundings. They are much more efficient and effective than human labor: an industrial robot can work 24/7 with little to no aberration, and can perform a variety of tasks with equal competence.

Due to the steady push for automation in several industries, the industrial robotics market is rising at a strong pace, according to leading market intelligence firm Transparency Market Research. According to research recently presented by the company, the global industrial robotics market, worth US$28.9 bn in 2013, is expected to exhibit a CAGR of 6.20% from 2014 to 2020. At this steady growth rate, the market is expected to be valued at close to US$44.5 bn by 2020.

Articulated Industrial Robots Lead Global Industrial Robotics Market

The various types of robots on offer in the industrial robotics market include articulated robots, Cartesian robots, cylindrical robots, and SCARA (selective compliant assembly robot arm). Among these, articulated industrial robots, which contain a rotary joint, lead the demand from the global industrial robotics market.

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Due to the versatility of industrial robots, the global industrial robotics market receives demand from a wide variety of end-use industries. The major end-use segments of industrial robotics are the automotive industry, the electrical and electronics industry, rubber and plastics, chemicals, metals and metallurgy, the food and beverages industry, and the precision and optics industry. These industries mainly utilize industrial robots for processes such as materials handling, assembling and disassembling, cutting and processing, soldering and welding, milling, and painting. Among these, the application of industrial robots is the highest in materials handling.

The automotive industry is the largest end user of industrial robots, accounting for close to a quarter of the global industrial robotics market in 2013. While the growing automation of automotive manufacturing procedures will keep the automotive industry among the leading end users of industrial robots, precision and optics and food and beverages are expected to emerge as strong end-use segments of the global industrial robotics market.

Excellent Growth Prospects for Industrial Robotics Market in Asia Pacific SMEs

The global industrial robotics market could total more than 1.3 mn units by 2018, according to a recent report from the International Federation of Robotics. While definitive 2015 figures are not available yet, the global supply of robots is expected to increase by about 15% in 2015, with the majority of them being for industrial use. Fanuc, the leading supplier of industrial robots, recently announced cumulative global sales of 400,000, an industry record that is sure to be broken sooner than later, considering the growing demand for industrial robots from Asia Pacific as well as developed regions such as North America and Europe.

The rising use of industrial robots in small and medium enterprises has been a prominent driver for the industrial robotics market in Asia Pacific. Many emerging and economically powerful countries in APAC, such as China, India, Singapore, Australia, and Japan are increasingly adopting automation in industrial activities, propelling the regional industrial robotics market. This is expected to remain a prominent hallmark of the growth trajectory of the global industrial robotics industry in the coming years.

Growth in Online Sales Outpacing Physical Store Sales, Shows Data from Holiday Season

With the 2015 holiday season nearly behind us, data is now emerging about what Americans spent on and how much. The MasterCard SpendingPulse report, for one, says that consumers in the United States spent the most on furniture this year. This indicates that many buyers are now not limiting themselves to smaller, everyday goods but are spending on big-ticket products. The report uses data collated during the period between Black Friday and Christmas Eve

Consumers in the U.S. spent 7.9% more than they did a year ago, the report notes, while adding that online sales saw a massive spike in 2015. The number of people turning toward online shopping saw a 20% spike over last year, as more consumers decided that they wanted to shop from the comfort of their homes or offices.

Retailers begin gearing up for the year-end festive season months in advance in anticipation of consumers splurging on a variety of consumer goods ranging from clothes to personal care products and gizmos to appliances.

Ecommerce giant Amazon, too, says that the festive shopping sentiment was very positive among buyers, with the company adding that it shipped items to as many as 185 countries this year. This marks a record in the number of items that company has shipped worldwide thus far.

Despite the unprecedented rise of online shopping as a phenomenon, what cannot be overlooked is the fact that shopping at physical stores has still not lost its charm. Brick-and-mortar store shopping still accounts for the highest spending during the festive season. But store owners are now aware of the massive shift to online stores and are making efforts to improve their web stores and build their delivery systems, with many of them offering free delivery.

The National Retail Federation, which is the largest retail trade group in the United States, expects retail sales in the country in November and December to approximate $630.5 billion, indicating a 3.7% increase over 2014.

Global OSS/BSS Market: Expansion of Telecommunication Industry Fuelling Market Growth at 12.7% CAGR

Operation support systems (OSS) and business support systems (BSS) are utilized by telecommunication service providers to manage their network and customer base. These systems ensure optimal user experience through services such as provisioning, billing, order management, and customer relationship management (CRM). Across the telecommunications industry, these systems are used to support several end-to-end services. The global OSS/BSS market is estimated to expand at a CAGR of     12.7% during the period between 2014 and 2020. The overall market was worth US$21.86 bn in 2013.

In the OSS segment, the majority of the demand was for service assurance and service fulfilment solutions in 2013. On the other hand, the growth of the BSS segment has been driven by the demand for customer management and revenue management services. It is estimated that in the long run, revenue management solutions will witness sustained demand across the globe. With several overlapping features, the line between OSS and BSS solutions has blurred, leading to market players offering both the solutions.

New Generation Operations Systems and Software (NGOSS) to Boost Global OSS/BSS Market

Increasing adoption of convergent billing systems and growing demand for customer care services from telecommunications industry are fuelling the growth of the global OSS/BSS market. The market has a huge opportunity to grow with the rollout of NGOSS. NGOSS (New Generation Operations Systems and Software) is the TeleManagement Forum business solution framework for the creation of next generation OSS/BSS software and systems. NGOSS aims to facilitate the rapid development of low cost and flexible OSS/BSS solutions to meet the business requirements. Some of the key elements of NGOSS are enhanced telecom operations map (eTOM), technology neutral architecture (TNA) and contract interface, shared information/ data model, and NGOSS compliance. However, there are concerns regarding the integration of new OSS/BSS solutions with existing customer care systems.

Network Functions Virtualization to be Successfully Validated by OSS/ BSS Vendors

Among the key trends in telecom industry, three revolutionary models for service-building have emerged namely the software-defined networking (SDN), network functions virtualization (NFV), and cloud. Though these models have been tested to validate them at the functional level, the present challenge is to validate them at the business level. The successful validation of NFV is expected to be largely through OSS and BSS vendors and systems. OSS/BSS operators are presently working on service-specific NFV trials and deployments to create technology silos under a common operations orchestration framework.  The operators are also working on modernizing the OSS, BSS, and network management systems.

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It is estimated that by 2016, operations management would be more than just customer care and billing. If OSS/ BSS vendors are able to link SDN and NFV silos and build service agility and operations efficiency, there would be a huge opportunity for the development of the global OSS/ BSS market.

Global Textile Chemicals Market will be Burdened by Growing Green Chemicals Movement

Almost all textile processes require the use of textile chemicals, which are used as either intermediates or compounds for the manufacturing and processing of textiles. It is the task of textile chemicals to alter or modify the nature of the textile itself, usually imparting superior properties to it. This includes reflective textiles, fireproof textiles, and many other types that are created for special utility or aesthetic appeal. The textile chemicals used are of many types; whether they are used in pre-processing, pre-treatment, or finishing, textile chemicals play an integral role in the global textile industry. It is no wonder then that textile chemicals are in such great demand.

The global textile chemicals market is expected to progress at a CAGR of 3.70% between 2014 and 2020. The market was valued at US$19.6 bn in 2013. With its current rate of growth, the global textile chemical market is expected to reach US$25.4 bn by the end of 2020. From what we already know, the global textile chemicals market is entirely dependent on the progress rates of the global textile industry. There are certain segments within this industry that achieve greater levels of demand than the other, and technical textiles is one of them.

Changing Regulations Transforming Global Textile Chemicals Market

The global textile chemicals market is one of the conventional markets that is undergoing a heightened level of reform. This is to reduce the negative impact of chemicals and toxins released into the environment as a result of their production and/or usage. For instance, the Zero Discharge of Hazardous Chemicals Group has recently finished reviewing the global textile industry. The organization announced that there is a large gap between the measuring methods in each region and their discharge regulations. Although brands and/or multi-brands may adhere to these regulations, there is no direct comparison between the various nations and their toxic chemical output. As such, the ZDHC has pushed for a unified discharge guideline for all companies in the global textile industry in support of an industry-wide wastewater management effort.

At the same time, the E.U. has also called for new textile-specific regulations. The specific product acts will be aimed at textiles with the intention of minimalizing the environmental risks linked to the disposal of chemicals, especially in clothing.

The latest in product recalls is Bestseller, a Danish apparel retailer. The company recalled two clothing products – ear warmers and mittens – because they were found to contain fluorinated compounds, a class of textile chemicals that has come under fire for its adverse impact on the environment.

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Bans on Major Textile Chemicals Hamper Global Textile Chemicals Market

The growing environmental concerns are currently restricting the global textile chemicals market as far as conventional chemicals are concerned. For example, NPL, one of the most widely used chemicals for rinsing, cleaning, and dyeing textiles, is now proven to be harmful to aquatic flora and fauna. Consequently, it was banned by the European Union. Similar bans have been implemented on other chemicals and this will continue to occur as science works towards maintaining ecological stability. One of the cleaner options assembled in the textiles industry is the introduction of biobased textile chemicals. The future shall tell how this endeavor goes. For now, however, it is certain that reform is required in the global textile chemicals market.

Cement Market in Saudi Arabia Braces for More Change as Export Bans Likely to be Lifted

Although the outlook for the construction industry in Saudi Arabia is currently positive, recent austerity measures imposed by the government to soften the blow imparted by sliding oil prices could cause the tide to turn. With the possibility of the Kingdom of Saudi Arabia cutting back on non-essential expenses high against this backdrop, the move will almost certainly have a cascading effect on the cement industry in Saudi Arabia.

Since the government imposed restrictions on the export of cement from Saudi Arabia to rein in mounting cement prices in 2008, the dynamics of the cement market in the Kingdom of Saudi Arabia have undergone several alterations. Another reason behind these export restrictions were that the government wanted to ensure a steady supply of cement for ambitious infrastructure projects, an appreciable number of which were backed by the government. While the move resulted in cement prices being brought under control and the domestic needs being met, these export bans have, in the long run, caused a glut in the cement market in Saudi Arabia. Faced with a situation such as this, Saudi is now reportedly considering easing the export restrictions that were brought into effect in 2008.

According to a report by Transparency Market Research, in volume terms, in 2013, the cement industry in the Kingdom of Saudi Arabia had an estimated production capacity of 55,700.0 kilo tons. The market intelligence firm predicts that by 2020, this capacity will rise substantially to 78,258.8 kilo tons, translating to a compounded annual growth rate (CAGR) of 5.4% from 2014 through 2020. In terms of revenue, the market for cement in Saudi Arabia had a valuation of US$3.59 bn as of 2013.

As the cement market in Saudi Arabia braces for yet another phase of change, here is what investors and stakeholders can expect over the next four years:
 

• In 2013, the highest volumes of cement were channelled into infrastructure development in the Kingdom of Saudi Arabia. Expressed in terms of percentage, the infrastructure development segment accounted for over 50% of the Saudi Arabia cement market by application in 2013.
• Nearly 50% of all demand for cement in the Kingdom of Saudi Arabia came from the construction industry as of 2013. Since many of these infrastructure projects are funded by the state in keeping with the objectives of the Ninth Development Plan, the demand for cement is expected to remain steady. However, a slump in oil prices is likely to cause some disruption in construction activity in the Kingdom of Saudi Arabia, leading to intermittent interruptions in the demand for cement from the construction industry.
• Projects such as the construction of health cities, residential units, and economic cities in Saudi Arabia could help sustain the demand for cement in the near future as the influx of migrants continues to remain steady for the most part.
• The demand for cement was the highest in the western and central regions in the Kingdom of Saudi Arabia as of 2013. The eastern and northern regions also exhibit demand for cement thanks to a number of upcoming residential and commercial projects planned here – a trend that will likely continue in the foreseeable future.

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Capacity expansion has remained the focus of most cement manufacturers in Saudi Arabia for the last few years. However, further investments were put on hold to counter the recent overcapacity in the cement market in Saudi Arabia. Now that the government is planning to lift export bans, capacity expansion could again be a growth strategy for leaders.

Wood Adhesives and Binders Market: Rapid Rise in Construction Industry Triggers Demand

The global market for wood adhesives and binders has been witnessing an exponential surge in its market valuation in recent years. The rapid rise in the construction industry has fueled the furniture market, resulting in an increasing demand for wood adhesives and binders across the world.

In a recent market study, Transparency Market Research (TMR) has stated that the global wood adhesives and binders market was valued at US$13 bn in 2013. The market is likely to rise at a CAGR of 4.40% between 2014 and 2020 and reach US$17.7 bn by the end of 2020.

Rising Commercialization of Biobased Adhesives to Present Lucrative Opportunities 

The increasing commercialization of biobased adhesives is projected to present an opportunity-rich market for participants. The rising concerns over the harmful effects of synthetic adhesives on the environment have driven consumers towards biobased adhesives. This trend has had an impactful reaction on the construction industry at large, encouraging market players to develop biobased wood adhesives and binders.

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EcoPro Polymers, a Corvallis-based startup, has been trying to develop the first formaldehyde-free plant-based adhesive that can be utilized to produce particleboard, medium density fiberboard (MDF), and other wood products.

North America Dominates Global Wood Adhesives and Binders Market

North America leads the global market for wood adhesives and binders at present. The rise in the furniture and interior designing industries, triggered by the rising affluence of consumers, has influenced this regional market positively in recent years. In 2013, North America held around 33% of the worldwide market for wood adhesives and binders in terms of volume produced.

Asia Pacific acquired the second position and reported the fastest growth in the global market for wood adhesives and binders in 2013. The increasing construction activities in Asia Pacific were the key driving force behind the growth of the market for wood adhesives and binders in this region. During the period from 2014 to 2020, the construction industry in Asia Pacific is likely to rise at a rapid pace, consequently augmenting the demand for wood adhesives and binders to a significant level. This regional market is likely to maintain its position in the coming years.

Europe is also registering impressive growth in the global market for wood adhesives and binders. The rising construction industry in developing nations in Eastern Europe, such as Russia, is likely to propel the demand for wood adhesives and binders in this region. The Rest of World is, however, lagging much behind its peers in terms of value as well as volume.

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3M Co., H.B Fuller Co., Ashland Inc., Henkel AG & Co. KGaA, Huntsman Corp., BASF SE., Avery Dennison Corp., Dow Chemical Co., Adhesives Research Inc., and Bostik SA are the prominent manufacturers of wood adhesives and binders in the global arena.

Growing Awareness and Increasing Government Initiatives to Boost Non-small Cell Lung Cancer (NSCLC) Therapeutics Market

The continuous research and development in the field of non-small cell lung cancer has helped the medical fraternity develop new drugs for targeting specific types of changes that cancer brings in. Non-small cell lung cancer (NSCLC), which is the second most common type of cancer seen across the globe, is also being studied for developing better therapies. It is also the most dangerous form of cancer, as it metastasizes into tissues and bones, leaving barely any time for reaction. The increasing incidence of non-small cell lung cancer, growing awareness about it, and government initiatives are helping the market for regular medicines and targeted therapies for this cancer grab a bigger share.

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Some of the important players in the global non-small cell lung cancer market are Genentech, Inc. (a Roche Company), Astra Zeneca plc, Boehringer Ingelheim, Bristol-Myers Squibb, Eli Lilly and Company, Novartis AG, Pfizer, Inc., and Celgene Corporation.

Angiogenesis Inhibitor Segment to Grow Rapidly in Coming Years

Targeted therapies work differently than chemotherapy drugs. Sometimes they are used in combination with chemo cycles or prescribed as standalone treatments. The precise function of these targeted drugs is to stop a process called angiogenesis, which essentially helps the tumor grow. The global non-small lung cancer (NSCLC) therapeutics market also consists of classes of drugs such as folate antimetabolites, angiogenesis inhibitors, EGFR blockers, microtubule stabilizers, kinase inhibitors, and PD-1/PD-L1 inhibitors. Of these, the angiogenesis inhibitors segment held the leading position in the market in 2014 due to its efficient results and consequently growing demand in regions such as the U.S., Japan, and Europe. 

Key Drugs Used for Treating NSCLC

Bevacizumab, sold under the brand name Avastin, is an angiogenesis inhibitor used to treat an advanced form of NSCLC. This drug is usually given to the patient along with the chemotherapy cycles. It is aimed at the vascular endothelial growth factor (VEGF), which is a protein that nourishes new blood vessels. Ramucirumab, which is commercially known as Cyramza, is yet another angiogenesis inhibitor. Similar to Bevacizumab, it is a monoclonal antibody or a man-made immune system protein that is used for NSCLC. These drugs can have severe side effects such as bleeding in the lungs. Some of the other drugs in this market are Erlotinib (Tarceva), Afatinib (Gilotrif), and Gefitinib (Iressa), all of which act as epidermal growth factor receptor (EGFR) inhibitors. Commonly seen side effects of these drugs are diarrhea, skin problems, mouth sores, and loss of appetite. 

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Huge Population Base in Asia Pacific to Offer Better Opportunities for Growth to NSCLC Market

In terms of geography, the global NSCLC market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The modern medical amenities in North America, growing infrastructure, and efficient government systems have helped this region retain a dominating position. However, analysts predict that Asia Pacific will grow at the fastest pace in the coming years due to its huge population base, growing awareness about the disease, and increasing investment by governments to treat and eliminate diseases such as cancer.

Global Diabetes Devices and Drugs Market to Gain Impetus from Rising R&D Activities

Diabetes is a chronic metabolic ailment wherein the body is either unable to produce enough insulin (type-1) or is unable to utilize the insulin generated (type-2). The presence of sugar at elevated levels in the bloodstream leads to symptoms such as frequent urination, weight loss, increased thirst, and high appetite. As the rising prevalence of diabetes raises concern globally, the market for diabetes devices and drugs is gaining significant momentum. Diabetes is a chronic disease, which if left untreated may lead to acute and life-threatening complications. The demand for accurate diagnosis, followed by proper treatment, is thus rising worldwide, thereby giving impetus to the global market for diabetes devices and drugs. 

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According to a survey conducted by Transparency Market Research, the global diabetes devices and drugs market, which stood at more than US$54 bn in 2012, will reach US$83 bn by 2019. If the figures hold true, the global diabetes devices and drugs market will exhibit a CAGR of 5.90% between 2013 and 2019. 

Adoption of Latest Technologies will Boost Global Diabetes Devices and Drugs Market

As the healthcare industry moves towards adopting the latest technologies, the market is foreseeing the advent of novel therapeutics and devices. In the last couple of years, the demand for diabetes diagnostic and monitoring devices has increased substantially, among which the segments of test strips, glucose meters, lancing devices and lancets, and CGM devices have exhibited a rapid rise in demand. Furthermore, insulin delivery devices such as insulin syringes, pens, injectors, and pumps have also witnessed a surge in demand. 

Among the aforementioned diagnostic and monitoring devices, the continuous glucose monitoring devices segment will exhibit a CAGR of 6.60% between 2013 and 2019. Due to the surging diabetic population, the demand for insulin pens is also rising at a rapid pace as patients demand more convenient methods of monitoring blood glucose levels accurately from the comforts of their homes. Apart from the growing diabetic population, the global diabetes devices and drugs market is also steered by the increasing research and development initiatives adopted by healthcare institutions around the world. 

Surging Incidence of Diabetes Worldwide to Drive Market

According to the results of a survey conducted by the International Diabetes Federation (IDF) in 2013, almost 382 mn people worldwide were diagnosed with diabetes and this number is likely to reach 592 mn by the end of 2035. The rising diabetic population will propel the market for diabetes devices and drugs. Further, owing to the extensive R&D initiatives in several countries, about 180 drugs are already under pipeline studies. Hence, the market is likely to grow significantly in forthcoming years. The global diabetes devices and drugs market is also witnessing rising demand for DPP-IV inhibitors, GLP-1 agonists, SGLT2 inhibitors, and other long-acting insulin derivatives. 

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As the novel therapeutics and devices receive necessary approvals from the regulatory bodies, the market for diabetes devices and drugs is likely to gain incredible impetus. 

Global Cord Blood Banking Services Market to Gain Traction thanks to Technological Advancements

Cord blood banking is an innovative concept that has been gaining traction in recent years. A cord blood bank is a facility to store stem cells, which can be further used to regenerate several types of cells and tissues, including healthy blood cells. Several research studies are being conducted across the globe for the use of cord blood as a potential treatment for medical conditions that, as of now, have no cure. The prominent sources for stem cell banking comprise collecting and storing umbilical cord blood (UCB) and peripheral blood and bone marrow. As of now, these are considered as the most efficient sources of hematopoietic stem cells.

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According to a new research study by Transparency Market Research, in 2012, the global cord blood banking services market was worth US$12.4 bn and is anticipated to be worth US$15.2 bn by the end of 2019. The market is projected to showcase a healthy 5.60% CAGR between 2013 and 2019.

Cord blood can be stored in two ways: donating in public cord blood banks or private cord blood banks. In a public cord blood bank, cord blood can be donated and the unit is stored and is made available publicly for a suitable match; on the other hand, private cord blood banks charge parents of the baby to collect and store the cord blood, which is only used for the baby and its close family members.  In these cases, the storage and maintenance charges of the cord blood unit are collected from the patient or family members for whom it is going to be used. As of now, the number of private banks across the globe is more than that of public banks; nevertheless, the number of cord blood units stored in public banks is more than that stored in private banks.

Rising Applications of Cord Blood Cells to Boost Demand for Cord Blood Banking Services

Parents across the globe are ready to take all possible efforts to keep their child healthy and happy. Increasing parental awareness and acceptance of cord blood banking is expected to boost the demand for cord blood banking services in the coming years. In addition, the advancement in cord blood banking services is also one of the major factors propelling this market. Moreover, the presence of untapped opportunities in developing nations and increasing applications of cord blood cells for treating several medical conditions are the biggest opportunities for market players, which are attracting several organizations to set up banks across the globe.

On the flip side, the global cord blood banking services market is anticipated to witness slow development due to cost constraints, rigid storage units and laboratories, accreditation needs, and lack of cord blood units in the near future. Some of the prominent players in this market are China Cord Blood Corporation, ViaCord, Inc., NeoStem, Inc., Cryo-Cell International, Inc., Cord Blood Registry Systems, Inc., and Cord Blood America, Inc.

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In 2013, North America dominated the global cord blood banking services market. By the end of 2019, Asia Pacific is projected to develop high growth opportunities owing to the rising disposable income and supportive government initiatives in the region. The global cord blood banking services market is presently governed by Clinical Laboratory Improvement Amendments, Foundation for the Accreditation of Cellular Therapy, the American Association of Blood Banks, Human Tissue Authority, American Association of Tissue Banks, NetCord, and others.

With Cement Oversupply in Saudi Arabia, Hopes Pinned on Government Lifting Export Ban

The cement industry in Saudi Arabia is facing a glut even as the government remains undecided about whether or not to lift existing bans on exports. This is now forcing large cement producers to consider slashing output to rein in the overcapacity caused by the oversupply in the domestic market. The export bans were imposed seven years ago to remedy rising cement prices in Saudi Arabia and to ensure that domestic government-backed infrastructure projects didn’t face a dearth of cement.

However, the scenario has since changed. Disappointingly low oil prices have forced the Saudi government to bring in austerity measures and keep non-essential spends on hold. This has led to several infrastructure investments being put on hold until better clarity about the future is at hand. For cement manufacturers, this situation is only compounded by warehouses that are packed to the rafters.

According to recent media reports, some cement plants in Saudi Arabia may halt production lines to regulate cement supplies. The longer the government delays lifting the export ban, the greater will be the possibility of companies stopping production. However, cutting production works against the economic interests of cement manufacturers in Saudi Arabia.

In recent years, cement manufacturers in Saudi Arabia have seen good business thanks to metro projects in Jeddah and Riyadh and expansion plans at the Grand Mosque in Makkah. According to industry representatives quoted in Saudi media, domestic cement demand had risen by about 10% in the last three months owing to healthy demand generated in the Western regions.

Leaders from the cement industry have said that the cement market in Saudi Arabia currently has a surplus of about 22 mn tons – this, in spite of the domestic demand remaining relatively steady. At this point, it is expected that restrictions on the export of cement will only be temporarily eased.

Global Eyewear Market Going Green with Eco-friendly Glasses

The global eyewear market is worth billions of dollars and is projected to grow significantly in the coming few years. The global eyewear market is driven by the rising user base, increasing disposable income levels, and growing renewal rate of lenses. Another trend that is shaping the growth of the global eyewear market is the rising demand for eco-friendly eyewear. Many companies in the global eyewear market observing this business opportunity have launched their own eco-friendly eyewear range, while some new companies have entered the market with their green offerings.

Rising Number of Companies Entering Eyewear Market

• In 2013, Giving Tree Eyewear, a Los Angeles-based eyewear line, offered shades that are eco-friendly and nearly indestructible. These sunglasses are available in the market in two silhouettes and many colors. They are completely BPA-free and made using thermoplastic material makes them lightweight and bendable.

• In March 2015, Illesteva, a NYC-based brand, launched its new range of eyewear called Leonard. The designs in this range are 100% biodegradable and are made using repurposed cellulose acetate flake and sustainable organic plasticizers.

• In December 2015, Nau!, an eyewear brand headquartered in Milan, launched its green eyewear range. This collection is made using 96% recycled plastic material and is committed to protecting the environment. This range comprises eco-friendly, funky, and colorful sunglasses and optical frames.

• Currently, many other companies are offering eco-friendly glasses. Woodzee offers wayfarer-style frames made using bamboo. Another firm called Warby Parker provides glasses made using green materials. Grown offers organic, sustainable wooden eyewear handcrafted from ethically sourced, renewable hardwoods and bamboo.

The growing base of environment-conscious consumers is projected to drive the demand for green products in the global eyewear market. Hence, companies in the global eyewear market are competing on the basis of materials. Companies are innovating materials that are eco-friendly and have other properties such as high durability and resistance to corrosion.

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Bamboo is one of the common materials used to make eco-friendly eyewear. On the other hand, brands such as Urban Spectacles are using materials from naturally-felled trees. Certain companies are using materials that are derived from non-GMO, organic plants that are highly renewable and non-foodstuff.

Besides the rising demand for eco-friendly eyewear, players in the global eyewear market will also benefit from the opportunity presented by the large population living with uncorrected vision. Furthermore, the unavailability of testing in many regions of the world will also provide significant growth opportunities to companies in the global eyewear market.

Nevertheless, players in the global eyewear market will be restrained by the growing number of refractive surgeries. These surgeries are reducing or in some cases eliminating the need for contact lenses or glasses. This decreasing dependence on glasses is expected to hamper the growth of the global eyewear market by a great extent in the foreseeable future.

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Global Biofuels Market in Expansion Mode, Propelled by Stringent Environment Regulations

Biofuels are a class of fuels derived from carbon fixation. Biofuels are primarily derived via numerous conversion procedures from liquid fuels, gases, and solid biomass. The global biofuels market is expected to witness new investments due to the rising demand for energy. Biofuels are now replacing several conventional fuels in numerous applications including heating and transportation. Increasing demand for biofuels from various applications has propelled the global market for biofuels. Increased awareness among people regarding maintaining a clean environment and increase in population will also steady the growth of the global biofuels market.

Demand for Environment-friendly Fuels Drives Global Biofuels Market

Increased levels of carbon dioxide in the environment due to human activities cause the oceans to acidify and the Earth to warm at a faster rate. Leading players in the global biofuels market are taking efforts to introduce products that can seamlessly replace fossil fuels such as petroleum and coal. The research fraternity, too, is engaged in novel projects. Earlier in December, 2015, scientists at the University of Delaware, developed algae biofuels as a green alternative to fossil fuels such as gasoline. They are further planning to create sustainable biofuels that can reduce the emission of carbon dioxide and other harmful chemicals in the atmosphere. Algae have the capacity to produce 12 times more biodiesel per acre than plants and can be grown in desert areas. Moreover, marine algae can be easily grown in seawater. 

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The global biofuels market is expected to expand rapidly during the forecast period due to factors such as strict environmental regulations, the need for economic development, rising energy import bills of several nations, and the resultant energy security concerns. Debates on the fuel-versus-food competition resulting to increased food prices are expected to restrict the growth of the biofuels market, as are factors such as restrictions related to development, retailing, and distribution of biofuels. Developments in more sustainable biofuels are expected to create new growth opportunities for the global biofuels market in the next few years. 

North America to Lead Production of Biofuels till 2019

Biofuels can be easily manufactured from oil-rich crops such as oil palm, soy, and sunflower. The eco-friendly nature of biofuels makes them more popular than other conventional fuels. Geographically, the global biofuels market is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2012, 24,326.7 million gallons of biofuels were produced worldwide, out of which North America had the largest share. North America is expected to maintain its dominant position in the global biofuels market in the years to come. The global production of biofuels is expected to progress from 24,326.7 million gallons in 2012 to 50,921.4 million gallons by 2019 at a 9.60% CAGR. 

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BlueFire Renewables, Aventine Renewable Energy Holdings, Inc (AVRW), Renewable Energy Group, Solazyme Inc., Raizen Energia Participacoes S.A, and Australian Renewable Fuels Limited are the leading players in the global biofuels market. The introduction of environment-friendly biofuels by the emerging players has made the global biofuels market highly competitive for the leading players.

Power Transmission Components Market to Rise thanks to the Benefits Exhibited by HVDC Transmission Systems

Power transmission components majorly consist of circuit breakers, switchgear, capacitors, transformers, insulators, relays, and power converters. The market for power transmission components is fuelled by the increasing demand for renewable energy along with its subsequent development. In terms of current type, the market has been segmented into high-voltage alternating current, i.e. HVAC, and high-voltage direct current, i.e. HVDC.

TMR, a market intelligence company, throws light on the prime advantages of HVDC over HVAC and discusses the ways in which HVDC has brought development within transmission systems for the distribution of electrical energy to its users.

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Low Cost of Investment: An HVDC transmission line is relatively economical than an AC line for a similar transmission capacity. In addition, the cost of overhead cables and lines are also much lower in the case of HVDC. Furthermore, the maintenance and operation costs are also relatively lower in the case of HDVC.

Minimum Losses: An optimized HVDC transmission line is accompanied with lower losses as compared to AC lines in terms of power capacity. The losses that take place in converter stations are also taken into account here, but since they are merely about 0.6% of the transmitted power in each station, they don’t cause much fluctuation in power supply. In the broader picture, though, HVDC transmission power losses are lower than that of AC transmission.

Enables Long-distance Water Crossing: In case of a long AC cable transmission, the reactive power flow owing to big cable capacitance will restrain the maximum distance of transmission. On the other hand, in the case of HVDC, this limitation isn’t there even for long cable links and hence HVDC is a much more viable technical option. Examples include undersea cables transmission schemes such as the 250-km Baltic Cable between German and Sweden and the NorNed cable between the Netherlands and Norway, which is a massive 580 km in length.

Asynchronous Connection: In some cases, it is extremely difficult to connect 2 AC networks owing to reasons related to stability. In such cases, HVDC is a key source for exchange of power amongst the two networks. In addition, owing to the fact that HVDC permits power transmission between unsynchronized AC distribution systems, it may prevent cascading failures that may propagate from one part of a broader power transmission grid to another. 

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Hence, the demand for HVDC systems will rise in the coming years owing to it being more suitable in a wider range of applications than HVAC. In addition, the favorable industrial growth in emerging nations will raise the count of power plants, a key prerequisite for the development of the overall market for power transmission components. Eaton Corporation Plc, ABB Group, Emerson Electric Company, Hitachi, Ltd., Mitsubishi Electric Corporation, General Electric Company, Siemens AG, and Schneider Electric SE, among others, are the key players operating in the market.

Global Lighting Fixtures Market Gaining Momentum from Surging Installation across Residential and Commercial Sectors

Rapid urbanization, rising disposable incomes, and growing awareness regarding energy efficiency have been boosting infrastructural developments across the globe. Impelled by the prevailing trends, numerous industries have endeavored to integrate the latest technologies to offer products that cater to the dynamic consumer preferences. The global market for lighting fixtures fundamentally leverages from the same principle to provide advanced technology, sophisticated design, and improved flexibility to customers. This has led to an increasing installation of lighting fixtures worldwide.

In its latest report, Transparency Market Research pegs the value of the global lighting fixtures market at US$136.3 bn in 2014. Rising at a moderate positive CAGR of 6.90%, the market is anticipated to reach US$215.3 bn by 2021.

While the global lighting fixtures market is impacted by multiple factors, three of them in particular are the most significant:

Highly Dynamic Global Economic Situation

The economic situation worldwide has developed less favorably since 2011, encouraging countries to opt for downward adjustments of their forecasts for the 2016 GDP. These adjustments arise from several unfavorable instances spurred by the aftermath of the global financial crises in the last few years, China’s ongoing manufacturing slowdown, and the debt crisis in Europe. According to leading analysts, Europe’s debt crisis threatens the economic stability of the major countries located in the region. China’s financial conditions are not less worrisome either. The global market for lighting fixtures is predominantly driven by the high number of new installations. Slow growth rate of GDP indicates that increased investments in fixture installations are likely to be postponed, particularly in European countries, until they revive from the current financial turmoil.

Asia Pacific Exhibits Offers More Lucrative Prospects

Presently, Asia Pacific dominates the global lighting fixtures market in terms of demand. Rapid urbanization witnessed in the emerging economies of the region such as India and China, coupled with the increasing disposable income of people, gives impetus to lighting fixture installations. The Asia Pacific market, in particular, is exhibiting a high demand for LED lighting fixtures. Energy-efficiency, high durability, and better quality of light offered by these fixtures has been driving the market for advanced lighting fixtures, and the demand for retrofitting traditional fixtures in the Asia Pacific market.

Global Lighting Fixtures Market Witnessing Varying Impact from Increased LED Installations

Swifter erosion of LED prices may lead to an increased market share for LED lighting fixtures in the near future. Demand from both residential and commercial sectors for lighting fixtures is likely to increase in forthcoming years. With surging investments to fuel construction activities around the world, the demand for lighting fixtures is anticipated to increase across the residential, commercial, and industrial sectors. Rising demand for more energy-efficient light sources that last for longer periods also boosts the market for lighting fixtures. However, as noted in market surveys, the prevailing demand structure will gradually shift towards fixtures and lighting systems in the general lighting market. With expansion of architectural activities, the demand for lighting fixtures is expected to increase.

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Global HVAC Equipment Market to Reach US$155.1 bn by 2022 owing to Introduction of New HVAC Supplies by Leading Players

A large number of leading market players have started introducing new energy-efficient HVAC supplies and products. The introduction of new HVAC equipment by the leading players is expected to boost the global HVAC market during the period from 2014 to 2022.

Recently, Johnson Controls Inc. inaugurated its new Source 1 HVAC Supply Center in Jacksonville, Florida. New product displays, opportunity to personally interact with the vendors, and interactive demos were some of the key highlights of the opening ceremony. Source 1 is an exclusive supplier of factory-approved residential accessories and service parts. The newest center offers a wide variety of universal HVAC parts, accessories, and supplies from many manufacturers. The new Source 1 HVAC center joins the ranks of the other four centers in Florida inaugurated in 2014 in Pompano Beach, Fort Myers, Tampa, and Orlando. 

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The new Source 1 HVAC center offers everything that the contractors need: equipment, supplies, or even training on using HVAC tools. This center promises to save time for the contractors, thus contributing positively to their productivity, and improve their overall profitability. A wide range of HVAC test instruments, supplies, and tools such as recovery equipment, gauges, and vacuum pumps, electric fittings, pipes, and filters are also offered at the Source 1 HVAC center. The supply center gives contractors an opportunity to avail training programs and gain technical expertise on handling new HVAC equipment from the store employees.

Heating, ventilation, and air conditioning (HVAC) equipment is used for heating or cooling industrial, residential, or commercial buildings. HVAC systems provide fresh air to eliminate airborne impurities such as odors and volatile organic compounds.

Asia Pacific to Register Highest Demand for HVAC Equipment by 2022

The global HVAC equipment market is expected to progress from a valuation of US$91.3 bn in 2014 to US$155.1 bn by 2022 at a healthy CAGR of 6.20%. Factors such as the increasing average disposable income of the global populace, increase in the number of households due to increasing preference for nuclear families, rising urbanization, technological developments, and changes in government policies are expected to propel the global HVAC market in the years to come. The global HVAC market is segmented on the basis of geography, end-use application, and equipment type. Increasing demand for HVAC products, tools, and supplies from the commercial segment in Asia Pacific will boost the global HVAC market in the coming few years. Asia Pacific is on the verge of becoming the fastest growing region in the global HVAC market in the coming few years. However, high energy consumption of HVAC products is expected to restrict the growth of the global HVAC market during the forecast period.

Growing Demand for HVAC equipment from Non-residential Sector to Propel Global HVAC Market
Factors such as growing demand for smart homes, adoption of green technologies, and the introduction of energy-efficient systems are predicted to create new opportunities for the global HVAC equipment market in the years to come. 

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The unitary air-conditioners segment is predicted to be the fastest growing segment of the global market in the next few years. By end-use application, the global HVAC market is led by the non-residential sector. Some of the leading companies in the global HVAC market are LG Corporation, Samsung Electronics, Haier Inc., AB Electrolux, Daikin Industries Ltd., Panasonic Corporation, and Lennox International Inc.  

Subsea Power Grids – A Market Waiting to Boom as Offshore Exploration Gathers Steam

The depleting onshore oil and gas reserves are driving more and more exploration companies to offshore locations. Setting up massive offshore rigs is a herculean exercise, but would prove pointless if there wasn’t enough energy to run these operations. This is where subsea power grids come into play. There have been limitations as to how much power could be transmitted via undersea cables and power transmission equipment. But companies are moving closer to offering a real, commercially-viable solution to this problem.

One of the most notable projects in this area is being undertaken by Siemens as it nears a test program for a subsea power distribution hub, which will be connected with a range of power transmission components. The soaring demand for subsea power transmission has created a sizeable subsea power grids market, which, analysts say, is expected display robust growth.

Currently, there are several limitations to subsea power transmission, the most critical drawback being limited the area across which power can be distributed underwater. Maintenance and repair of subsea components, notably transformers, is also assuming importance, and companies are developing prototypes that can be tested underwater to mitigate the impact of power-failure-related downtime at offshore rigs. 

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However, there are also some companies that are getting to the root of the problem by developing innovative subsea power generation systems that can help curb costs associated with component repair and replacements in the event of a power failure. A case in point is Scotland-based East Coast Oil and Gas Engineering (ECOG) that has a grant from the Scottish government for its deep sea power generation system.

Currently, the many offshore oil and gas exploration activities reported in Latin America and Africa are expected to create appreciable demand for offshore power grids in these regions.

Best of Hadoop Yet to Come, say Market Analysts. Here’s Why.

The Wall Street Journal (WSJ) explains Hadoop as an open source software framework that provides users a customizable set of functions. Being open sourced means that anyone can use it and the underlying technology is not owned by any one person or company. Focusing on the significance and reach of Hadoop, the WSJ article indicates that even though Hadoop has been around for some time now, its capabilities and the ecosystem that surrounds it has only recently grown.

Reasons behind Impressive Growth of Global Hadoop Market

In fact, Transparency Market Research states that barring a few challenges, the best of Hadoop is yet to come. The global Hadoop market in 2011 was pegged at an estimated value of US$1.5 bn and, developing at an astounding CAGR of 54.70% from 2012 to 2018, the market is forecast to be valued at US$20 bn in three years, with applications in several key end-use industries such as manufacturing, telecommunications, media and entertainment, trade and transportation, IT and ITES, banking, financial services, and insurance (BFSI), healthcare and life sciences, natural resources, retail, and government.

The unbelievable amount and variety of digital data generated on the internet today is the primary factor boosting the demand for solutions such as Hadoop. Apart from this, the demand for cost-effective, faster processing data and growing influence of big data analytics has also driven the Hadoop market. Emerging markets in Europe and Asia Pacific and rising mergers and acquisitions in the field are anticipated to contribute towards the growth of the global Hadoop market.

Hadoop Data Replication Simplified by WANdisco

Most IT organizations pay a lot of attention to replicating data across a wide area network (WAN) because it can be a time-consuming and expensive process, and the rise of big data has most certainly made that challenge even tougher to overcome.

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California-based public software company WANdisco came up with a solution for just that. The company created a replication software especially designed for Hadoop environments. This ensures all clusters and servers that are deployed across several data centers are always in sync, are fully writeable and readable, and can automatically recover from each other. In addition, WANdisco also extended the capabilities of the software to tackle any issue right from replicating Hadoop data on the cloud to disaster recovery.

The key challenges that analysts foresee inhibiting the growth of the Hadoop market are shortage of skilled workers and the struggle to fully articulate the business value of Hadoop. However, with proper integration and support on the part of technology vendors, the adoption rate of Hadoop can be increased. 

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The leading companies competing in this space include EMC - Greenplum, Pentaho, Horton Works, IBM Corp., Karmasphere Inc., HStreaming LLC, MapR Technologies Inc., Cisco Systems, Inc., Cloudera Inc., and Teradata Corp.