Global Small Hydropower Market: China to Lead in APAC Region

Region-wise, the global small hydropower market is divided into Europe, North America, Asia Pacific, South and Central America, and the Middle East and Africa. In 2014, Asia Pacific stood out as the largest market for small hydropower in the world and held a share of 70.3%. In terms of SHP (small hydropower) installations, China is leading the small hydropower market in APAC, followed by India and Japan.

China has been so successful in the small hydropower sector that its implementation model is being used by many developing countries to expand their small hydropower capacity in order to address their own energy issues. In the past, construction of small hydropower in China was initially aimed to supply electricity for mountainous regions in collaboration with small-scale water conservancy projects. However, in the past decades, the SHP sector in China has flourished and attracted a significant amount of attention from the UN.

Rising Installed Capacity of SHP to Drive China Market

The resources to develop SHP in China are massive. The installed SHP capacity in China is concentrated mostly in Guangdong and 20 other provinces and cities, which account for around 60% of the country’s capacity. During the 12th Five-Year Plan, China planned to add approximately 160GW of hydropower with around 40GW of pumped storage capacity. This is projected to drive the capacity and efficiency of hydropower in many areas of the country. By the end of 2015, around five SHP provinces with 3GW and five SHP provinces with 5GW capacity will be completed. 

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This demonstrates the positive momentum of the small hydropower market in China. This, in turn, will drive the overall small hydropower market. The China small hydropower market benefits greatly from the favorable policies implemented by the Chinese government. The government in China promotes the small hydropower sector by providing tax credits and incentives.

Underutilization and Environmental Issues to Challenge China Small Hydropower Market

Although China will continue to register strong growth in small hydropower, it will be challenged by several issues. The China small hydropower market is facing two key issues: environmental impact of SHP and the underutilization of resources in the country. China has vast potential to develop in this sector.

Presently, small stations in China are lagging far behind other developed nations. Italy is leading the small hydropower market in Europe due to its well-structured policies and large funding for market development. In North America, the small hydropower market is led by the U.S. and Canada due to their major SHP installations. The environmental impact of small hydropower stations in China such as soil erosion is also suppressing the development of this sector.

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To overcome these issues, China is focusing more on scientific planning and management to reduce the impact of SHP on the environment and boost its installed capacity of small hydropower stations.

Global PAP and Paracetamol Market: North America Emerges as Key Region for Consumption of PAP and Paracetamol

Para-aminophenol, better known as PAP, is the final intermediate in the industrial synthesis of paracetamol. PAP is further used in the manufacturing of products used across sectors such as the dyes industries, pharmaceuticals and fine chemicals. The rapid emergence of India and China as the largest chemical producers in Asia, along with the development of exclusive production techniques has propelled the growth of the global PAP market. The market was worth US$0.4 bn in 2013 and is projected to reach US$0.7 bn by 2022. In terms of volume, North America has been the key region contributing towards the growth of the global PAP market.

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Demand for P-aminophenol Surges across Emerging Economies

The global PAP market has been witnessing increasing demand from emerging economies in Asia Pacific and Latin America. In 2013, the demand for PAP in Asia Pacific stood at 65,753.9 tonnes. Increased production of PAP in Asia Pacific can be attributed to the availability of a wide range of raw materials, developed infrastructure, cheap and abundant labour, and advanced manufacturing facilities. Focus on inorganic growth of PAP in Asia Pacific will further increase the demand for production.

Regulatory Bodies Introduce New Dosage Instructions to Combat Adverse Effects of Paracetamol

Paracetamol acts as a pain reliever and an antipyretic. Due to its fewer side effects in comparison to aspirin, the drug is administered either alone or in combination. Product differentiation through technological innovations, new formulations, combination products, and indications has propelled the growth of the global paracetamol market. In 2013, the global paracetamol market was worth US$0.8 bn and is estimated to be valued at US$1.0 bn by 2022.

Recently, there have been several contradictions regarding the usage of paracetamol for longer terms. Though the drug is the most widely used painkiller, several adverse effects of extensive usage of paracetamol such as increased risks of heart attack and stroke have been reported. Statistics show that paracetamol overdose is one of the leading causes of liver failure across the globe.

Growing Concerns in U.S. Regarding Over Dosage of Paracetamol  

In the U.S. and the U.K., there have been recent changes to the recommended dosages of some paracetamol-containing products. In the U.K., the Medicines and Healthcare products Regulatory Agency (MHRA) has changed the paracetamol dosage instructions for children. In the U.S., McNeil Consumer Healthcare has reduced the maximum recommended dosage for adults on their paracetamol 500 mg Tylenol products, from 4000 mg to 3000 mg per day.

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The paracetamol market in North America was worth US$394.05 mn in 2013 and is anticipated to reach a valuation of US$437.1 mn by 2022. In terms of consumption, the region accounts for the largest share in the global paracetamol market. However, there is a particular concern in the U.S. about the frequency of liver failure due to overdose with paracetamol. The U.S. Food and Drug Administration (FDA) is closely monitoring the situation.

Cardiac Pacemaker Market in Expansion Mode as Geriatric Population Rises Worldwide

The number of patients suffering from sick sinus syndrome will increase from 78,000 in 2012 to 172,000 by 2060, according to the American College of Cardiology. In Asia Pacific, atrioventricular blockage conditions are on the rise, especially among patients of coronary heart diseases. Based on such factors, the global cardiac pacemaker market will rise at a CAGR of 8.7% from 2015 to 2023, says Transparency Market Research (TMR). Currently, more than four million people across the world have a pacemaker or some other cardiac rhythm management device and more than 700,000 new implants happen every year, indicating that the global cardiac pacemaker market is on a growth trajectory, says TMR.

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Of the many factors, the increasing number of individuals that are above the age of 65 years is a high impact driver of this market. As stated by the U.S. Census Board, currently, individuals over 65 years of age represent 13% of the overall population; this is expected to be 20% by 2030. Similarly, as per the World Health Organization, the number of geriatrics across the world will be 1.5 billion by 2050. Japan and Germany have an increasingly aging population, which will be a significant impact driver for the global cardiac pacemaker market in the foreseeable years. 

Leap in Design and Functionality Features of Pacemakers Promotes Demand

Pacemakers have been in use for a very long time and are considered essential for people with arrhythmic heart beats. Although these devices are effective, they have concerns that are primarily associated with these two aspects – first, the surgical procedure involved wherein an incision is made in the upper chest to place the device underneath the skin, and second, the wired connection between the device and the heart muscle that delivers the needed thrust to control the heart beats. 

The wire is associated with several problems, such as, fracturing of the wire over a period of time or getting absorbed into the healing tissue surrounding the wire, leading to a buildup of scar tissue. Removal of the wire because of either reason is complicated as well. Thus, leadless pacemakers have been sought in recent years. Due to technological advances, the manufacture of leadless devices has become a reality in the near recent times. As a result, the various aspects of the device that include the electronics, generator, and pacing element are minuscule, thus saving a surgical procedure altogether. Instead, a transvascular procedure is used, wherein a puncture in a vein in the leg advances the device all the way to the heart’s right ventricle.

Nanostim, developed by St Jude Medical, is the world’s first commercial and self-contained leadless pacemaker. In 2012, the first successful implants of leadless pacemakers were carried out on a group of 11 patients at Homolka Hospital in Prague, Czech Republic. In December of the same year, the feasibility study of the leadless pacemaker on 33 patients was completed in order to ascertain the pacing and handling of the device over a year. The feasibility study was carried out across three centers in Europe.

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Following this, the leadless pacemaker made its way into the U.S. with the first patient receiving the device in the Mount Sinai Hospital in December 2014. This paved the way for a pivotal trial, called as Leadless II carried out by the U.S. FDA, on a total of almost 100 patients in the U.S., Australia, and Canada.  

With such advances becoming the norm in the cardiac pacemaker market, growth is expected to remain constant in the foreseeable future. 

Plant Proteins, Energy Drinks, and Trendy Packaging – 3 Sports Nutrition Market Trends for 2016

The sports nutrition market has seen major change in recent years, much of which has been brought about by the entry of newer consumer types into the market. Companies now sell a myriad of products targeted not just professional sports persons but also the well-heeled fitness enthusiast who buys sports nutrition products just to supplement her everyday fitness regimen. The sports nutrition market hasn’t settled into a steady state yet – the growth rate continues to be healthy and market players continue to find new growth avenues in developing markets. The sports nutrition market will pick up new consumers through the coming years. According to Transparency Market Research, the global sports nutrition products market will be have a valuation of US$52.55 bn by 2020.

Here are three major trends that will shape the sports nutrition market in the coming year:

Plant proteins will be the latest fad

The sports nutrition products market is not insulated from the demand for natural ingredients over synthetic ones. Veganism is yet another trend is especially evident among consumers who are serious about fitness and wellbeing. Thus, ingredients derived from plant proteins as opposed to animal proteins will be a trend to watch out for in the sports nutrition market. Rice protein and pea protein seem to have caught the fancy of many consumers after research has proven their efficacy. At the far end of the spectrum, bug protein products will make some waves in the market.

Energy drinks will make deeper inroads

With lifestyles becoming more hectic and the pressure to maintain high energy levels to brave the everyday chores of an urban life, consumers are looking toward energy drinks to fill this gap. Although certain stimulants in energy drinks have been at the center of several controversies, there is still going to be a great demand for pure caffeine in energy drinks. Sports drinks that combine functions such as energy, recovery, and endurance – by using a combination of proteins, carbs, and stimulants – will likely have a better future.

The labeling and packaging game continues

Smart marketing tactics for sports nutrition products will define the future of this market. Labels such as dairy-free, gluten-free, vegetarian, and vegan continue to attract more consumers, and 2016 will see an intensification of this trend. As the consumer base in the sports nutrition market evolves, packaging will keep pace by becoming more colorful and trendy.

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Thermal Energy Storage Market to Expand at 16.70% CAGR from 2014 to 2020, owing to Growing Adoption of Thermal Energy Storage Technologies

Thermal energy storage (TES) systems help store energy for future use, employing water, phase-changing materials, rock from the bedrock layer, insulated lined pits, and ice-slush tanks. The growing need for a sustained energy solution is expected to fuel the demand for thermal energy storage systems globally. Demand for energy can be effectively managed through the energy stored in the thermal energy storage systems. TES solutions are primarily implemented in districts, towns, and buildings. Heat pumps, heat generated by power plants, heat from waste, and peak shaving are some of the sources for thermal energy storage.

Recently, EnergyNest inaugurated its pilot project for a thermal energy storage system with the Masdar Institute in Abu Dhabi. The innovative thermal energy storage system will enable the storage of large quantities of energy at an unprecedented low cost. The technology offers huge potential in solving various global thermal energy storage challenges. The main feature of the new storage system is the concrete heatcrete, which has the capacity to store large quantities of energy over a long period of time with no performance degradation. The new storage system has the capacity to handle steam as a heat transfer fluid and thermal oil. Low investment and operating costs and the capacity to operate in a wide range of temperatures are the highlights of the new storage system, designed by EnergyNest. 

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Europe to Add 1,307.0 MW Thermal Energy Storage Capacity by 2020

The introduction of high capacity thermal energy storage systems by the leading players is expected to propel the global thermal energy storage market in the years to come. Thermal energy storage systems can replace nearly 50% of the energy, which is traditionally sourced in any industry. TES systems optimize the overall efficiency of energy systems, reduce carbon emissions, and cut down the consumption of energy. The global thermal energy storage market is segmented on the basis of geography, end-use, and technology.

By geography, the global thermal energy storage market is divided into Europe, Asia Pacific, North America, and Rest of the World. In terms of storage capacity, Europe is expected to dominate the global thermal energy storage market in the years to come. Europe is predicted to add around 1,307.0 MW of thermal energy storage capacity during the period between 2013 and 2020.

Demand for Thermal Energy Storage to be Highest in Commercial and Industrial Sectors

By technology, the global thermal energy storage market is classified into latent heat, sensible heat, and thermochemical heat. The sensible heat storage segment is predicted to dominate the global thermal energy storage market in the years to come. Based on end-use, the global thermal energy storage market is classified into commercial and industrial, residential, and utilities. In terms of share, in 2013, the commercial and industrial segment dominated the global thermal energy storage market and is predicted to maintain its dominant position over the next few years.

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CALMAC, Chicago Bridge & Iron Company (CB&I), Goss Engineering, Inc., EVAPCO, Inc., Abengoa Solar, S.A., BrightSource Energy, Inc., Caldwell Energy, Ice Lings, TAS Energy, Baltimore Aircoil Company, Burns & McDonnell, FAFCO Thermal Storage Systems, and Steffes Corporation are some of the leading companies in the global thermal energy storage market.

From Rustic to High-Tech: Modern Agriculture and Farm Machinery Revolutionizing Agriculture

Even though agriculture and farming is viewed by many to be a picture of bucolic life, modern and advanced technology has made both these activities big business. The introduction of specialized, high-tech agriculture and farm machinery has revolutionized agricultural production in recent years, making harvesting processes easier and faster. Analysts at Transparency Market Research state that the global agriculture and farm machinery market is likely to expand at a healthy growth rate of 8.70% from 2015 to 2022. The market was pegged at a value of US$144.1 bn in 2014, which is estimated to rise to US$281.6 bn in 2022.

Mechanization Playing Massive Role in Driving Agriculture and Farm Machinery Market

Farm and agriculture equipment include a wide range of machinery and tools used to perform a number of processes that improve and increase output and enhance the quality of crops. In the recent past, mechanization of agriculture has tremendously changed the face of traditional agricultural practices, resulting in requirement of fewer laborers, saving time in various farm operations, enhancing the capacity of farmland, and efficiently utilizing inputs. Mechanization of agriculture and farm practices has received a tremendous boost from the government in the form of subsidies to farmers. This has greatly driven the global agriculture and farm machinery market.

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Other factors that have contributed towards the development of the agriculture and farm machinery market include rise in global population, growing demand for food, and rising awareness about the importance of technology in maximizing agricultural output.

One of the main challenges, however, that the agriculture and farm machinery market faces is rapid urbanization mainly in developing countries. This has resulted in the decrease in farmland and total arable land. This not only restricts the overall growth of the agriculture industry but also limits the development of the global agriculture and farm machinery market.

Modern Japanese Machinery to Help Improve Agricultural Production in Vietnam

In December last year, Yanmar Corporation, a Japan-based agriculture and farm machinery maker joined hands with Vietnam’s Yanmar Agriculture Research Institute to boost the implementation of technology in the latter’s agriculture and farming sector. In an event organized by one of Vietnam’s top agricultural research universities, experts gathered to discuss the utilization and implementation of integrated technology in order to improve agricultural production and enhance the lives of farmers in the entire Southeast Asia region. Yanmar Corporation will be contributing by pushing research in a number of fields including agricultural machinery engineering.

The most prominent players contributing towards the growth of the global agriculture and farm machinery market include CNH Global NV, Yamabiko Corporation, Deere and Company, Mahindra & Mahindra Limited, CLAAS KGaA mbH, Alamo Group, Inc., AGCO Corporation, Same Deutz-Fahr, J.C. Bamford Excavators Limited, and Iseki & Co. Ltd.

Frozen Processed Foods Market Battles its Acquired Image Issue

The global market for frozen processed foods has seen several tumultuous episodes. Hailed for being one of the most successful methods of food preservation, the darker side of frozen processed foods is a heavily debatable one. The market itself comprises a wide array of products, including red meat, poultry, fish and other seafood, meat substitutes, bakery products, desserts, and vegetables, all frozen and processed to ensure long shelf lives. Those against the global frozen processed foods market argue that the contents of the products are harmful to the human body. And these arguments do not come without proof.

The global frozen processed foods market was valued at US$57.5 bn in 2014. Between 2015 and 2021, the market is expected to show a CAGR of 2.7% in terms of value, landing it at US$69.1 bn by the end of 2021. From a volume perspective, the global frozen processed foods market weighed in at 245980.4 kilo tons in 2014. Moving ahead with a volume-based CAGR of 6.3% in the aforementioned forecast period, the global frozen processed foods market is expected to be measured at 384881.1 kilo tons by 2021.

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The Woes of the Global Frozen Processed Foods Market

Consumerism can be a fickle affair, and no industry knows this better than the food and beverages industry. As one of the sectors of this industry, the global frozen processed foods market is no exception. This market is plagued by numerous problems, at the top of which lies the presence of trans fat in its products. Trans fats were considered as cheap and healthy alternatives to butter and have a superior shelf life. Scientists are now supporting the fact that trans fats actually pose twice the risk of heart diseases to individuals.

Another issue faced by the global frozen processed foods market is the presence (or absence) of certain mentioned products. Case in point, the 2013 horse meat scandal that rocked Europe. A large number of products marked as beef were found to contain horse DNA in them. There were even cases where the frozen and processed contents were 100% horse meat. Now, although the consumption of horse meat itself was not detrimental to human health, the scandal showed glaring discrepancies in the screening processes in the Europe frozen processed foods market. Harm could, however, have been caused by the consumption of horse meat that came from sports horses. Sports horses are administered with veterinary drugs that are banned from use in food animals due to the negative impact they have on human health.

The Global Frozen Processed Foods Market’s Bright Side

All is not bleak for the global frozen processed foods market, however. Reports show that there are some segments that are faring much better than the others. This can be attributed to the major overhauls and expensive marketing strategies adopted by major players in the market to clean up their image. There is now a growing level of consumer acceptance towards the global frozen processed foods market as its products are being viewed as alternatives to non-preserved food that are just as healthy. The most popular products in the market are the ones that are low on fat and low on calories.

The various submarkets of the global frozen processed foods market also paint an improving portrait of the market. From the perspective of revenue, the market was led by poultry in 2014, followed by seafood. Reports on the market state that a major increase in the consumption of frozen and processed seafood is expected to tip the scales in its favor, causing it to lead the market before 2021. By volume, the global frozen processed foods market was dominated by red meat in 2014, followed by poultry. Both segments are expected to maintain their growth rates.

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Reaping the benefits of the changeovers in the global frozen processed foods market are its major players: Tyson Foods, Inc., General Mills, Nestle S.A., Unilever Plc., and ConAgra Foods, Inc.