Healthcare Technology News

The preferences of packaging companies worldwide are inclining toward environment-friendly solutions. UV-cured printing inks, apart from releasing almost no emission, offer energy efficiency and long service life and generate low heat. Therefore, a large number of chemical companies are focused on developing water-based and UV-cured inks, as they are eco-friendly, and innovative printing ink technologies that take a short production time. These initiatives, combined with the growth in the packaging industry, are driving the consumption of printing inks. The changing lifestyle of consumers, coupled with the rapid GDP increase and growing youth population globally, is propelling the demand for high-quality flexible packaging solutions for an array of products. Moreover, the steady growth in industries such as labeling, advertising, food and beverages, packaging, and publication is propelling the printing inks market to new heights. Among all, the label and packaging industry generates t

The global automobile production surged from 52,146,292 units between January 2020 and September 2020 to 57,262,777 units between January 2021 and September 2021, as per the OICA. Furthermore, the IEA estimates that global PHEV car and BEV car stock will grow from 3,346,713 units in 2020 to 16,335,941 units by 2025 and 6,850,327 units in 2020 to 29,626,576 units by 2025, respectively. The increasing adoption of EVs and the burgeoning vehicle demand will, therefore, encourage the use of lead–acid batteries in the upcoming years. Additionally, the accelerating urbanization rate and the ongoing industrial revolution will propel the lead–acid battery market growth in the foreseeable future. The rapid urbanization and industrialization creates will create a huge requirement for power, owing to which households and manufacturing units deploy such energy storage devices in abundance. According to the World Urbanization Prospects: 2018 Revision by the Population Division of the UN, the global

Commonly known as spun laid, spunbond nonwoven fabric is produced by the continuous process of fibres spun and can be directed with air streams or can be dispersed directly to a web-like deflector. Spunbond is free of lubricants and it is a non-toxic material. As the spunbond nonwoven fabric is very durable in nature and has beneficial traits, such as high strength and resistance to bacteria, it is being increasingly used in the textile industry.  Additionally, with the soaring sales of diapers, feminine hygiene pants, and toddler training pants, owing to the surging per capita income and growing public awareness about personal hygiene, the demand for spunbond nonwovens is increasing sharply. Moreover, the mushrooming requirement for adult incontinence products, on account of the ballooning population of geriatric people, especially in Germany, Japan, and Italy, is also driving the demand for these fabrics across the globe. According to the United Nations Department of Economic and So

With the increasing adoption of electric vehicles (EVs), on account of the rapid environmental deterioration and fluctuating oil prices, the demand for lithium-ion batteries is soaring all over the world. In addition, the governments of many countries are launching initiatives for augmenting the deployment of EVs in order to mitigate the escalating air pollution levels, which is also boosting the demand for lithium-ion batteries . According to the Global EV Outlook 2018 report published by the International Energy Agency (IEA), the sales of electric cars reached 3.1 million units in 2017. This represented an increment of 57% from 2016 to 2017. Apart from this factor, the surging energy density of lithium-ion batteries is also creating immense growth opportunities for lithium-ion battery manufacturing companies across the world. Moreover, it is fueling the development of long-lasting and technologically advanced batteries. Many players operating in the lithium-ion battery market are foc

With the rising prevalence of power outages in several countries, the demand for critical power and cooling solutions is rising sharply across the world. Moreover, the rising industrialization and urbanization rates and burgeoning requirement for backup power for protecting equipment from the harmful effects of grid power fluctuations are also propelling the use of critical power and cooling solutions. These solutions are highly reliable and assist in increasing the lifespan of equipment.  The other major factors fueling the expansion of the global critical power solutions market are the ballooning popularity of cloud computing and digitalization and the mushrooming demand for improving the cooling efficiency in data centers. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will grow from $16,320 million in 2016 to $32,900 million by 2023. The growing requirement for power production and data storage, especially in the Asia-Pac

With the launch of several renewable energy generation projects, the demand for well-developed power evacuation infrastructure is surging, which is, in turn, pushing up the requirement for virtual power plants (VPP). Moreover, the increasing concerns being raised over the soaring pollution levels and greenhouse gas emissions and rapid depletion of fossil fuels are fueling the adoption of renewable energy sources for power generation, which is further boosting the demand for VPP. As per various reports, the share of renewable sources in power production across the world will rise from 7% in 2015 to 20% by the end of 2035. Furthermore, India is aiming to produce 150 GW of renewable energy by the end of 2022. This would subsequently fuel the requirement for VPP, as they are needed for integrating the newly developed renewable power projects with the existing centralized power distribution infrastructure. Moreover, renewable energy projects propel the requirement for a centralized infrastr