Friday, 20 April 2018

Wave and tidal energy market size is expected to reach $ 3.9 billion by 2025

The global wave and tidal energy market size is expected to reach USD 3.9 billion by 2025, exhibiting a 42.5% CAGR during the forecast period. Need to reduce dependency on fossil fuels, increasing investments, and supportive government regulations are likely to fuel market growth over the coming years.

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The renewable energy sector has witnessed significant expansion in terms of installations worldwide in 2016. The capacities in wind, marine, solar, waste-to-energy, small geothermal and hydro sources, and biomass combined added up to 138.5 GW in 2016, up from 127.5 GW in 2015. Investments in electricity generation through novel renewable sources was twice in comparison to fossil fuels.

Ocean energy is witnessing significant development in terms of new projects in various economies including U.K., Ireland, Sweden, Portugal, Thailand, India, Japan, China, Canada, and U.S., which is likely to fuel market growth over the coming years. However, high cost and socio-economic and environmental barriers are likely to restrain the development of the market over the forecast period.

Further key findings from the report suggest:
  • The wave energy segment is likely to register significant growth in the coming years on account of extensive R&D and new project developments in numerous economies including Ireland, Sweden, Portugal, U.S., China, and New Zealand
  • The tidal segment dominated the market on account of high technological know-how. However, environmental concerns related to the technology are likely to restrain its growth
  • Asia Pacific is expected to be a lucrative market for the technology on account of supportive government initiatives
  • The number of companies in the global wave and tidal energy market has registered an increase in recent years. These companies are constantly making significant efforts to advance their technologies and deploy novel and improved equipment
  • R&D, new project developments, partnerships, and acquisitions are some of the major strategies being adopted by companies in the industry. In November 2016, BPS developed an ocean wave forecasting system for efficient operation of wave energy projects. This technology can also be used for fishing, aquaculture, diving, and oil and gas operations.

Wednesday, 18 April 2018

Latest Trends and Technologies in Commercial Aircraft Maintenance

Aircraft maintenance is an important process to ensure that an aircraft performs all its intended functions successfully. A typical process generally consists of a combination of corrective and preventive actions including precautionary actions in order to confirm that there are no unidentified chance failures. Apart from unscheduled actions and scheduled or preventive actions to anticipate and prevent failures, the process also includes inspection tasks for monitoring the progress of wear out processes.

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Innovative Trends in Commercial Aircraft Maintenance and Repair

Constant developments along with innovative trends in the field of aircraft maintenance and repair are responsible for the rapid rise in demand for aircraft maintenance systems on global scale. For example, emergence of the Augmented Reality (AR) technology is accelerating the maintenance training activities. In a recent development, TAE Aerospace, one of the leading Maintenance, Repair, and Operations (MRO) companies, recently launched a new wearable virtual assistance system enabled with the AR technology.

The technology behind the new AR-integrated device called Fountx was developed by an Australian research firm called the Commonwealth Scientific and Industrial Research Organization (CSIRO), which also introduced Wi-Fi to the world. The new wearable system provides experts and professionals the ability to remotely assist their technician teams in real-time. The developers say that this device can effectively improve the productivity and capability of maintenance professionals. It also helps decrease the maintenance downtime while boosting the quality and accuracy allowing experts to perform the required tasks quickly and safely.

Market Overview

The worldwide commercial aircraft maintenance market is predicted to witness a substantial development during the forecast period (from 2017 to 2022); finds a study available on Radiant Insights, Inc. Rapid expansion of the market is attributed to the factors such as entry of new airline services and growing aircraft fleet of many prominent airline service providers. Furthermore, increased spending capacity of consumers, due to high disposable income, and rising number of low-cost carriers (LCCs) has resulted in an augmented demand and preference for air travel. This is also likely to boost the market growth in near future.

Beijing Andawell BGA Engineering and Technology Co., Ltd.; Air France Industries KLM Engineering & Maintenance; Zhejiang SinusIridum General Aviation Engineering Technology Co., Ltd.; and Hong Kong Aircraft Engineering Co. Ltd. are the key service providers in the global market.

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Tuesday, 17 April 2018

Driverless Tractors to Boost Agricultural Productivity in Tough Conditions

Driverless tractors are equipped with various high-tech features allowing the machine to increase productivity and deliver quality crop yielding. Use of autonomous tractors can protect farmers from exposure to harsh climatic conditions and health hazards resulting from insecticides. Growing necessity for advanced machines to perform time-consuming operations in farming owing to high labor costs is anticipated to propel demand for driverless tractors.

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Autonomous Tractors to Offer Advanced Operational and Safety Features

Major application variants of driverless tractors are agriculture, forestry, and others. In the coming years, agriculture segment is likely to contribute to maximum revenue generation owing to increasing demand for autonomous tractors among farmers. To cater to rising demand, most manufacturing companies are introducing tractors equipped with advanced technologies to support farming.

For instance, Mahindra and Mahindra recently launched its first autonomous tractor in India. This advanced machine is expected to be manufactured at the company’s hub of innovation and technology in Chennai named Mahindra Research Valley (MRV). The tractor is likely to offer some unique features to support farming such as auto-implement lift, skip passing, auto steer, and auto-headland turn. It can also avoid accidental situations via its unique safety features such as remote monitoring, geofence lock, and remote start/stop of engine.

Market Insights

The global driverless tractors market is expected to display phenomenal growth in terms of volume by 2022, according to a report on Radiant Insights, Inc. Capability of self-driven tractors to identify hurdles such as humans, animals, and objects while operating in the field can spur market growth. High labor costs in farming and rising demand for vegetables and grains is likely to propel growth of the market over the forecast period (2017 to 2022). Increasing adoption of autonomous machines to perform time-consuming tasks in faming can fuel market growth. High demand for machines offering high efficiency, productivity, and reliability while performing agricultural tasks can impel market growth. Continuous development of technologically advanced robotic products can further fuel growth of the market in near future.

Some of the prominent companies operating in the market for driverless tractors include Kubota, CNH Global, AGCO, Autonomous Tractor Corporation, and John Deere.

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Monday, 16 April 2018

Learning Management Systems to Gain Prominence for Corporate Training Programs

Learning management system (LMS) is a software-based platform used for creating, delivering, and leveraging a learning process. LMS facilitates centralized learning and uses the internet to create and deliver content and track and assess the performance of users. It acts as a principal hub of learning for distributed learners allowing convenient information sharing and training in an otherwise complicated infrastructure.

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Corporate Sector to Remain Key End User through 2022

Learning management system is widely used by corporate organizations and academic institutions. Its demand is expected to remain high across the corporate sector through 2022. Growing popularity of cloud-based LMS solutions is one of the key factors fueling the demand in the sector. Organizations use the system to provide cost-effective and high-quality online training courses to employees. For instance, in January 2018, ePath Learning Inc. partnered with GNC to conduct the latter's new state-of-the-art employee training and development programs through its LMS platform, ASAP.

Utilization of learning management system reduces overall training cost. Using the system, the company can offer online courses to its employees and monitor their progress remotely. In addition, soaring need for cost-effective solutions to manage company operations and support several systems such as enterprise resource planning (ERP) is anticipated to trigger the demand for learning management systems.

Market Insights

According to a report added by Radiant Insights, Inc.; the global learning management system market is estimated to rise at an impressive CAGR of 27.17% from 2018 to 2022 (forecast period). Growing popularity of cloud-based LMS owing to high efficiency and hassle-free deployment is prompting developers to expand their portfolio. The findings of the report indicate that influx of cloud-based systems is estimated to help the market gain remarkable momentum. Moreover, burgeoning trend of bring-your-own-device policy in several organizations worldwide can bode well for the market.

Americas will hold a prominent position in the LMS market throughout the forecast period. The growth of the market can be attributed to increasing adoption of modern technologies in academic institutions and constant infrastructure improvements. Some of the key companies operating in the global arena are Oracle; SAP SE; Pearson PLC; Cornerstone OnDemand, Inc.; and Blackboard, Inc.

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Tuesday, 10 April 2018

Horticultural LED Lighting for Effective Use of Lighting Controls

LED-based horticultural lighting helps enhance crop yields while allowing thorough monitoring of lighting adjustments and effects to produce healthier plants. Using horticulture LED lighting not only saves energy but also offers improved efficiency, which eventually saves the overall operational costs. Horticulture lighting also offers many other advantages such as healthier plants, energy savings, target wavelength, and many more. It finds a variety of applications in the fields of commercial greenhouse, indoor farming, and vertical farming.

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Vertical Farming: An Emerging Application for Horticulture LED Lighting

Horticultural LED lighting finds applications in indoor farming, vertical farming, and commercial greenhouse. Vertical farming is very similar to indoor farming. The only difference is that the latter is done on a single level, while vertical farming is carried out on two or more levels. LED horticultural lighting is anticipated to witness high demand from vertical farming segment in years to come. Vertical farming is anticipated to grow at a stead pace over the coming years. The ability to grow more number of plants at the same time is the primary driving factor for this type of farming. In addition, urban areas can get fresh produce at comparatively lower rates and it can also provide a source of income from a vacant property. Indoor farming is also anticipated to grow at a fast pace in near future owing to rising popularity and practice of urban farming.

Market Overview

The global horticultural LED lighting market is predicted to have a substantial development during the forecast period (from 2016 to 2022), says a research study available on Radiant Insights, Inc. Increased costs of electricity and increased energy consumption across the globe are projected to be the major factors driving the market. Moreover, high awareness levels among farmers in various developed and developing regions regarding the benefits of greenhouse farming are resulting in an augmented demand for such lighting systems. This factor is also expected to spur the global market growth in near future.

Key companies in the horticultural LED lighting market are OSRAM Sylvania Inc.; Fluence Bioengineering; Hubbell Inc.; Smart Grow Technologies, Inc.; and Illumitex, Inc. Technology and product innovations are the most widely followed market strategies. For example, Illumitex Inc. recently announced that they will increase their LED offerings with the introduction of X6 Full Spectrum Light. The new X6 full spectrum light is ideal for flowering plants. The developer states that the range of spectra in this system also enables a horticulture operation to select a perfect wavelength combination to get the desired results.

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Monday, 9 April 2018

e-Liquids: An Eco-friendly Substitute to Tobacco Products

E-liquids, also known as e-juices, are the liquid content used in e-cigarettes to create vapors. Unlike tobacco cigarettes, e-liquids release nicotine in the form of vapor, which makes them a safer substitute to tobacco products. E-liquids are usually made up of four components that include Vegetable Glycerin (VG), Propylene Glycol (PG), different flavors, and nicotine with varying strength levels.

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PG and VG: The Key Base Components of e-Liquids

Major base components in e-liquids include propylene glycol and vegetable glycerin among others. Both the VG base and PG base e-liquids products are expected to witness steady growth in terms of demand over the next few years. The PG base components offer a stronger throat hit and flavor taste than the VG base. However, VG base can create more vapor than the former. People requiring a cooler vape and greater vapor production, without using complex vaporizers seem to prefer VG base liquids.

On the other hand, people who need intense flavor and taste over massive vapors or smoke prefer eliquids with higher PG contents. However, there is a wide range products that provides varying PG to VG ratios along with different flavors and nicotine levels. This factor is predicted to provide the PG and VG base segments with numerous growth opportunities over the next few years.

Market Overview
According to a recent research report made available by Radiant Insights, Inc.; the global e-liquids market is expected to witness a considerable growth at around 4.51% CAGR during the forecast years (from 2018 to 2023). In 2017, the overall market was valued at $27.76 million and is projected to reach a valuation of nearly $36.03 million by 2023. Key factor driving this growth is the increasing preference for e-smoking or e-cigarettes regarding their advantages over traditional tobacco products. Growing health consciousness among consumers has also augmented the overall product demand since the past few years. This is likely to further boost the market development.

Major companies in the market e-liquids are Halcyon Vapors; VMR Products LLC; Ripe Vapes; Dinner Lady FAM Ltd.; and Motley Brews LLC. New product development is the key strategies undertaken by many of these players to attract more customers. For example, Blu has added eight new flavors to its existing range of flavored e-liquid product portfolio. Among these liquids, Peach Passion, Vanilla Crème, Mint Chocolate, Green Apple, Tropic Tonic, and Berry Swirl flavors are available in 10ml bottles and with 0% and 0.8% nicotine strengths. Remaining flavors, Polar Mint and Caramel Café, are available with 1.6% nicotine strength.

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Product Innovation to Escalate Adoption of Educational Toys in Schools

Educational toys are instructive toys used for social, intellectual, and emotional development of infants, preschoolers, and students belonging to elementary and middle schools. These toys include activity sets, DIY craft kits, construction sets, play doughs, and math and science kits among others. It helps in developing certain skills in children or teaching them about a particular subject.
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Rising Consciousness Regarding Child Cognitive Development to Drive Demand among Individual Customers

Key end users of educational toys are individual customers and wholesale purchasers. Their sales are high among wholesale purchasers. Rising demand for educational toys in schools is promoting their wholesale purchases. Increasing implementation of Science, Technology, Engineering and Mathematics (STEM) learning in K-12 schools is contributing to the growth of the segment. Schools are using educational toys and dummies to provide a hands-on learning experience to students. Increasing emphasis of market players on product innovation is also likely to supplement the growth of the segment. For instance, in January 2018, Sony Global Education developed a new educational toy, Koov, for teaching coding to children and it was launched in China. The product has been introduced at elementary, junior high schools, and cram schools in cities such as Shanghai and Beijing.

Sales of educational toys for individual use is expected to rise at a phenomenal pace through 2025. Increasing consciousness among parents regarding cognitive development of their children is widening the base of individual customers. Rising disposable income is also supporting the growth of the segment.

Market Insights

According to a report added by Radiant Insights, Inc.; increasing inclination toward online sales channel is anticipated to provide a significant push to the educational toys market. Consumers, especially parents, use online platforms to compare prices, specifications, and other features, which affect their purchasing decisions. Market players are boosting their presence on social media as the platform acts as a better mode of communication and advertising features of their products. Growing investments in the development of educational toys based on eco-friendly raw materials are estimated to bode well for the market in coming years.

Countries such as China and Japan are poised to emerge as promising destinations for key players during the forecast period (2017 to 2025). Some of the key companies in the market are MGA Entertainment, Goldlok Toys, Melissa & Doug, Simba-Dickie Group, and Lego.

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