Healthcare Technology News

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...

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...

Largescale infrastructure development, owing to the upcoming FIFA World Cup 2022 and the Qatar National Vision 2030, is creating a huge requirement for facility management services in Qatar. As the Qatar National Vision 2030 initiative is based on social development, environmental development, human development, and economic development, an increasing number of infrastructure projects and the flourishing tourism industry will propel the need for facility management solutions in the country. Similarly, the rising construction of hotels, shops, sports arenas, and other facilities, on account of the FIFA World Cup 2022 will also propel the adoption of such services. Moreover, the increasing number of initiatives to empower, educate, and promote facility management service providers in the domain of sustainable practices will also augment the Qatar facility management market at a robust CAGR of 16.4% during the forecast period (2020–2030). According to P&S Intelligence, the market reve...